## Bodmin Road Church
Report and Accounts For the year ended 5[th] April 2022
Bodmin Road Church – Company Information
## **DIRECTORS / TRUSTEES FOR THE 2021/2022 FINANCIAL YEAR**
Rev Richard Bentley Dr David Brackenbury (resigned Nov 2021) Mrs Natalie Brackenbury (resigned Nov 2021) Mr Iain Drysdale Mr C Vayro (Appointed Nov 2021) Mrs Jo Shaw (Appointed Nov 2021)
**TREASURER** Mr Chris Vayro **COMPANY SECRETARY** Mrs Jo Shaw **STAFF TEAM FOR THE PERIOD** Richard Bentley Senior Pastor Tim Monaghan Assistant Pastor (resigned September 2021) Tony Stafford Community Outreach Tina Stafford Carers’ Service Co-ordinator Iain Drysdale Assistant Pastor
**GOVERNING DOCUMENT** MEMORANDUM & ARTICLES OF ASSOCIATION [11 DEC 2008] **YEAR FOUNDED** 1968 **COMPANY REGISTRATION** 06770682 **CHARITY REGISTRATION** 1128017 **REGISTERED OFFICE** Bodmin Road Church, Padstow Close, Bransholme, Hull, HU7 4HE **INDEPENDENT EXAMINER** Archie McDowall, Stewardship, 1 Lamb’s Passage, London, EC1Y 8RB **BANKERS** Virgin Bank, 214 Holderness Road, Hull, HU9 2AA. **WEBSITE** www.bodminroadchurch.com **TELEPHONE** 01482 834417
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## Bodmin Road Church – Directors’ Re ort p
## Bodmin Road Church has served the
Bransholme community since 1968, providing a wide range of holistic support programmes designed to impact the physical, mental, emotional and spiritual well-being of the people with whom we work. However, once again, the early part of the financial year saw the large-scale, COVID-related disruption of our usual programme. Bransholme, an estate 8 miles in perimeter, comprises two wards, both of which fall in the bottom 0.5% of wards on the national deprivation indices. Over the last 20 years, we have delivered a wide range of community projects and services, employing between 4 and 9 staff at any one time (currently 4). We are a long-established, grassroots organisation with a fabulous team of experienced staff, volunteers and trustees. Our unique selling point is the relational
“ _**Bodmin Road Church makes a superb contribution to life in one of the country’s most deprived communities**_ .”
Diana Johnson, MP
atmosphere and sense of belonging that pervades our work and our two buildings. Across those two sites, Church site and Pennine Centre, we normally have contact with up to 150 people each week, who come in to enjoy our groups, activities and support programmes. In short, our aim is to be a force for good and a place of welcome and hope in the local community, meeting the needs of the whole person through a range of services and programmes which are open to all, regardless of faith. COVID has affected much of that programme this year, but we end the financial year with most activities up and running again, with some new groups started too, and with numbers attending most groups and activities back to pre-covid levels.
It cannot be omitted that we have lost some key people over the course of this financial year; staff, leaders and trustees, and for a variety of reasons. However, there has been a very positive sense of people rallying, and there remains a sense of strength and optimism among those who remain. New faces have also appeared, both in church and at midweek activities.
_“Without you lot I don’t think I’d still be here.”_
George
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## **FINANCIAL OVERVIEW**
**----- Start of picture text -----**
Charity shop,
Other,
£25,203.00,
£4,561.00,
15%
3%
Gift aid,
£6,107.00,
Grants,
£54,219.00,
31%
Buildings
rental,
£43,993.00,
26% Donations,
£38,081.00,
22%
Income
21/22
**----- End of picture text -----**
Total income for the year was £184,774, and total expenditure was £165,770. Income post-Covid has come back on stream in a very healthy manner. Giving is a little down on pre-Covid numbers but building rental income and charity shop income are strong again. There was a significant excess this year because we lost, and did not immediately replace, a member of staff, but over a full cycle we will spend every penny received, maintaining only such reserves as are required by the Charity Commission. We are enormously grateful to those external bodies that gave grants over the year, and to all those individuals who made donations. We are also
working hard to generate income ourselves and the income split for the year (combining both sites) is shown in the pie chart.
It is important to note that we are an independent church, operating without any denominational support. We are therefore entirely responsible for our own financial management and sustainability. All decisions are made “on the ground” by our own fully-involved trustees, which allows a flexible and dynamic approach to both opportunities and to challenges. All ring-fenced grant funding for
## **Main Grant Funders 21/22**
|Hull Social Services|£27363|
|---|---|
|Hull City Council North Carr Area Team £2000||
|Brantingham PCC|£700|
|Hull Food Bank|£20,000|
_“All ring-fenced grant funding is managed separately from the ordinary church finances._ ”
community projects is managed separately from the ordinary church finances. Moreover, our ordinary church finances actually subsidise a great deal of our community project work, covering overheads like utilites
Page 3
and insurance for projects where a grant may only cover a salary.
## **ACTIVITIES**
Both our Church site and Pennine site (about a mile away in a different part of the estate) are open as much as possible during the week functioning as drop-in community facilities. Specific activities are then timetabled for particular times (see box). The Church site also has an under-5s soft play area.
All of our community activities were disrupted by COVID lockdowns at the beginning of the financial year. Staring from July 2021 we began to get things open again and returned to a full programme by September.
Numbers in attendance at all our midweek groups are strong, and Sunday morning attendance (March 22) has just about returned to pre-COVID levels.
The two toddler groups and charity shop are run by volunteers. Salaried staff are working to support those activities as well as running other groups and providing one-to-one mentoring and home visits. The Toddler Groups are full and have grown again
## **Community Project Activities**
_The activities below were all closed our severely restricted for various periods during lockdown._
BODMIN SOFT PLAY CENTRE PENNINE ONLINE DROP-IN PENNINE KNIT & NATTER BODMIN KNIT & NATTER TODDLER GROUPS (Both sites) PENNINE CHARITY SHOP CHILDREN’S & FAMILIES’ WORK CARERS’ SERVICE CRAFT CLUB (Pennine) MEN’S GROUP DEBT SUPPORT & JOB CLUB YOUTH AND CHILDREN’S CLUBS (Delivered by Bridges-Hull at Pennine)
through word of mouth alone. The Charity Shop is inundated with donations and making an excellent contribution to our finances, as well as providing the community with cheap goods and clothes.
The Men’s Group is a new initiative, targeting particularly older men, most of whom live alone. We are seeking to combat loneliness and encourage positive mental health. Table tennis and darts are popular, as well as quiet conversation over a coffee.
The Debt Support and Job Club has helped people with over £150,000 of debt between starting in July 21, and April 22. For the 22/23 year ahead it will expand from 1 morning per week to 2 mornings. It is run by a separate professional organisation, in return for a grant which we pay to them on a quarterly basis. Hull Foodbank have helped us to fund this new initiative.
Overall, it has been a challenging but exciting year, getting our doors open again after COVID, and seeing people return (old faces and new faces) to enjoy our groups and activities.
_“I’ve only been coming 3 weeks and this Toddler Group is already a lifeline.”_ Kylie
Page 4
## **CHARITY LAW COMPLIANCE**
## **Objects of the Charity**
- To advance the Christian faith in accordance with the statement of beliefs and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the work of the church;
- 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 counselling and support;
- To advance education and to relieve unemployment by such means as the Trustees may consider appropriate including the provision of training courses for those in financial and economic need.
- Each of the above in Hull and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit.
In planning the activities, the Trustees have applied the guidance on public benefit issued by the Charity Commission.
## **Government**
Bodmin Road Church is a charitable company. The policy and operating decisions of the charity rest with the Directors who meet monthly to monitor the activities of the Company. New Directors are recruited and appointed by a majority of existing Directors following the procedure set out in the Company Memorandum & Articles. In our setting, the words “Trustees” and “Directors” refer to the same group of people and are fully equivalent and interchangeable throughout this report.
## **Reserves Policy**
The Board of Directors have established a policy whereby free reserves held by the charity should be maintained at not less than three months’ average expenditure (approx. £50,000). At the end of the year, the charity had free cash reserves of £155,660 and net current assets of £190,872 in accordance with this policy.
## **Risk Statement**
The Directors have reviewed the risks to which a small charity operating with few employees is exposed. Appropriate procedures are in place to identify, monitor and review these risks on a regular basis.
## **COVID-19**
In March 2020 the charity took steps (in line with government advice) to help contain the outbreak of COVID19. This included the temporary suspension of all physical gatherings, closure of the café and the temporary suspension of many community activities. As a result, the charity has had to change how it operates; being able to continue some of its activities using on-line media. The trustees are monitoring income and expenditure and, if it becomes necessary, will take further measures to mitigate the impact of COVID-19 on the charity's free reserves. The trustees are unable to reliably estimate the financial impact of COVID-19 at the present time.
## **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).
Company 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 charitable company 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:
Page 5
1. select suitable accounting policies and apply them consistently;
2. observe the methods and principles in the Charities SORP;
3. make judgements 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 charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Approval**
This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by:
## **Richard James Bentley**
Richard James Bentley (Rev)
Date: 23 November 2022
Company number: 6770682 Charity number: 1128017
Page 6
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF**
## **BODMIN ROAD CHURCH ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 6 April 2022 on pages 8 to 18 following, which have been prepared on the basis of the accounting policies set out on pages 10 & 11.
## **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’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, 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.
## **Independent examiner’s statement**
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.
## **Archie McDowall**
Archie McDowall BA, CA
Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: 25 November 2022
Page 7
## **BODMIN ROAD CHURCH**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 6 APRIL 2022**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Other income
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities
6
Raising funds
7
**Total expenditure**
**Net gains/(losses) on investments**
**Net income/(expenditure)**
**Transfers between funds**
14
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
14|Unrestricted
Funds
£
62,187
29,621
43,993
714
136,515
106,654
12,600
119,254
3,245
20,506
22,501
43,007
815,332
858,339|Restricted
Funds
£
48,259
-
-
-
48,259
46,516
-
46,516
-
1,743
(22,501)
(20,758)
49,458
28,700|Total
Funds
2022
£
110,446
29,621
43,993
714
184,774
153,170
12,600
165,770
3,245
22,249
-
22,249
864,790
887,039|Total
Funds
2021
£
128,594
7,774
29,665
809|
|---|---|---|---|---|
|||||166,842|
|||||172,220
-|
|||||172,220|
|||||28,326|
|||||22,948
-|
|||||22,948
841,843|
|||||864,791|
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 pages 10-17 form part of these accounts.
Page 8
## **BODMIN ROAD CHURCH**
## **BALANCE SHEET**
## **AS AT 6 APRIL 2021**
|Note
**FIXED ASSETS**
Tangible assets
8
Investments
9
**CURRENT ASSETS**
Debtors
10
Cash at bank and in hand
11
**CREDITORS: Amounts falling**
**due within one year**
12
**Net current assets / (liabilities)**
**Total assets less current liabilities**
**CREDITORS: Amounts falling due**
13
**TOTAL NET ASSETS**
**FUND BALANCES**
14
Unrestricted Funds
General funds
Restricted Funds|Unrestricted
Funds
£
667,467
32,745
700,212
6,107
155,660
161,767
(3,640)
158,127
858,339
-
858,339
811,638
858,339
-
858,339|Restricted
Funds
£
-
-
-
28,700
28,700
-
28,700
28,700
-
28,700
-
-
28,700
28,700|Total
Funds
2022
£
667,467
32,745
700,212
6,107
184,360
190,467
(3,640)
186,827
887,039
-
887,039
811,638
858,339
28,700
887,039|Total
Funds
2021
£
683,741
47,500|
|---|---|---|---|---|
|||||731,241|
|||||7,347
129,803|
|||||137,150
(3,601)|
|||||133,548|
||||||
|||||864,789
-|
|||||864,789|
|||||815,332|
|||||815,332
49,458|
|||||864,789|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 6 April 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 6 April 2022 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 (a) ensuring that the charitable company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its net income or expenditure for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
The financial statements were approved by the Board of Directors and were signed on its behalf by:
## **Richard James Bentley**
R J Bentley
Date 23 November 2022
Company number: 6770682
Charity number: 1128017
The notes on pages 10-17 form part of these accounts.
Page 9
## **BODMIN ROAD CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 6 APRIL 2022**
## **1 Statutory Information**
The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.
## **2 Accounting Policies**
These financial statements are prepared on a going concern basis, under the historical cost convention.
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 charity therefore continues to adopt the going concern basis in preparing its financial statements.
In making this assessment the trustees have considered the impact of Covid-19.
## b) Income
Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations and legacies includes recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.
Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from the Olive branch café and Pennine an old pub purchased by the church for community projects and activities, including a charity shop.
Income from other trading activities represents income receivable from activities undertaken to generate funds for the charity. It includes income from rental and outside agencies' use of buildings.
## c) Expenditure
Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.
The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.
Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.
Page 10
## **BODMIN ROAD CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 6 APRIL 2022**
## d) Fund accounting
- General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
## 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 £2,000 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:
Freehold land Is not depreciated (because it is not consumed by use) Freehold buildings 2% per annum on reducing balance basis Equipment 20% per annum on reducing balance basis
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.
## f) Investments
Fixed asset investments are held to generate income and / or for their investment potential. Current asset investments are investments that are held specifically for sale or are investments that the charity expects to sell by the next balance sheet date. Investments are valued as follows:
- i) Investment property and listed investments are valued at their market value (fair value) at the balance sheet date.
- ii) Unlisted investments are measured at cost less impairment where it becomes apparent that the amount that could be realised is less than cost.
## g) Stocks
Estimating the fair value of donated goods for resale is impractical because of the volume of low-value items received or the absence of detailed stock control systems or records. Donated stocks are therefore not recognised on receipt. Instead the value to the charity of the donated goods sold is recognised as income when sold. The proceeds of sale are categorised as 'Income from trading activities' in the Statement of Financial Activities.
## h) Pension scheme arrangements
The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.
## 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) Financial instruments
The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).
## k) Exemption from preparing a cashflow statement
The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.
## **3 Donations and legacies**
|Donations of cash and similar
Government Grants (Job Retention Scheme)
Other grants receivable
Donations in kind
Income tax recoverable
Donations in kind comprise the following:
Goods donated for:
Re-sale in the Church's charity shop|2022
£
38,081
3,857
49,801
12,600
6,107
110,446
2022
£
12,600
12,600|2021
£
48,844
25,181
47,196
-
7,373|
|---|---|---|
|||128,594|
|||2021
£
-|
|||-|
Page 11
## **BODMIN ROAD CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 6 APRIL 2022**
## **4 Income from charitable activities**
|Olive branch café
Charity Shop
Sale of books
Church weekend
Pennine
**5**
**Income from other trading activities**
Rent received
**6**
**Charitable expenditure**
**a**
**Costs incurred directly on specific activities**
Salaries, travel and expenses
Resources and activities
Catering supplies
Buildings maintenance
40 Grizedale maintenance
Utilities
General expenses
Grants payable (note 6c)
**b**
**Costs incurred on support & administration**
Governance costs
Accounts preparation and Independent examination
Other
Office running costs
Depreciation of tangible fixed assets
Insurance
**Total expenditure**|2022
£
-
25,203
4,418
-
-
29,621
2022
£
43,993
43,993
2022
£
74,025
7,153
119
12,021
104
11,509
8,427
11,000
124,358
1,800
3,148
4,948
2,273
16,274
5,317
28,812
153,170|2021
£
286
-
-
600
6,888|
|---|---|---|
|||7,774|
|||2021
£
29,665|
|||29,665|
|||2021
£
110,621
5,216
-
3,614
729
9,822
12,749
3,700|
|||146,452|
|||2,340
1,298|
|||3,638
1,333
16,617
4,181|
|||25,769|
|||172,220|
The fee payable to the independent examiner for preparing and examining the accounts was £2,280 including VAT (2021: £1,800); in addition the charity paid £150 (2021: £150) to Stewardship for consultancy services.
## **c Grants payable**
|Grants for UK and overseas mission
Grants for the relief of poverty
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants for the relief of poverty|Institutions
£
4,200
5,300
9,500
Institutions
£
2,800
900
3,700|Individuals
£
-
1,500
1,500
Individuals
£
-
-
-|2022
£
4,200
6,800|
|---|---|---|---|
||||11,000|
||||2021
£
2,800
900|
||||3,700|
Page 12
## **BODMIN ROAD CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 6 APRIL 2022**
The charity's principal grants to institutions comprised:
|charity's principal grants to institutions comprised:||
|---|---|
|2022
£
New Missions
1,000
Song & Hymn writer foundation
1,000
One by One
1,000
Open Doors
1,500
Tear Fund
1,500
Hull Lighthouse
1,000
Resound Worship
100
Grants to institutions for less than £1,000 each
2,400
9,500
**t of raising funds**
2022
£
Goods donated for resale
12,600
12,600
2022
£
Gross wages and salaries
65,279
Social security
2,670
Pension costs
3,444
71,393
**ysis of staff costs, the cost of key management personnel and trustee remuneration and expenses**|2021
£
1,000
-
-
-
-
-
100
2,600|
||3,700|
||2021
£
-|
||-|
||2021
£
100,614
2,848
4,575|
||108,037|
- **7 Cost of raising funds**
**8 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses**
The average monthly number of employees during the year was 6 (2021: 7). Most of the charity's activities are carried out by volunteers.
No staff received salaries at a rate of more than £60,000 per annum.
The charity's key management comprise the trustees and the key staff named on the Company Information page. Total employment benefits payable to key management for the year were as follows:
|Employer
Wages &
pension
salaries
contributions
Key management:
Richard Bentley
12,500
1,946
Tim Monaghan
10,069
704
Tony Stafford
16,000
647
Iain Drysdale
13,730
400
Key management connected to trustees:
Christina Stafford
12,500
500|2022
£
14,446
10,773
16,647
14,130
13,000|
|---|---|
||68,996|
The following amounts were payable in the previous year:
|Employer
Wages &
pension
salaries
contributions
Key management:
Richard Bentley
12,500
1,946
Tim Monaghan
23,461
704
Tony Stafford
21,568
647
Iain Drysdale
13,330
400
Key management connected to trustees:
Christina Stafford
16,652
500|2021
£
14,446
24,165
22,215
13,730
17,152|
|---|---|
||91,708|
Richard Bentley and Iain Drysdale are trustees and received the above payments as employees for services provided to the church, not for serving as trustees; these payments are permitted by the charity's governing document.
Page 13
## **BODMIN ROAD CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 6 APRIL 2022**
|**Tangible fixed assets**
Cost
At 6 April 2021
Additions
At 6 April 2022
Accumulated depreciation
At 6 April 2021
Charge for the year
At 6 April 2022
Net book value
At 6 April 2022
At 6 April 2021
Freehold land and buildings comprise:
Church buildings
Manse
Pennine (leasehold)|£
400,000
90,000
315,079
805,079|Freehold
Land
£
60,000
60,000
-
60,000
60,000|Freehold
Buildings
£
745,079
-
745,079
128,201
14,902
143,102
601,977
616,878|Fixtures,
fittings and
equipment
£
51,387
-
51,387
44,524
1,372
45,897
5,490
6,863|Total
2022
£
856,466
-
|
|---|---|---|---|---|---|
||||||856,466|
||||||172,725
16,274|
||||||188,999|
||||||667,467|
||||||683,741|
|||||||
## **9 Tangible fixed assets**
## **10 Fixed asset investments**
|**d asset investments**||||
|---|---|---|---|
|Cost or fair value brought forward
Disposals during the year
Change in value of investments
Cost or fair value carried forward
The investments at 06 April 2021 comprise:|Shares
47,500
-
47,500
Cash
Shares|2022
£
47,500
(18,000)
3,245
32,745
58
32,687
32,745|2021
£
19,174
-
28,326|
||||47,500|
||||10
47,490|
||||47,500|
The investment portfolio is managed by Hargreaves Lansdown on behalf of the church.
## **11 Debtors**
|**tors**|||
|---|---|---|
|Tax recoverable
**Total debtors**
**h at Bank and in Hand**
Cash at bank with immediate access
Notice deposits (with a term of three months or less)
Petty cash
**itors: liabilities falling due within one year**
Trade creditors
Accruals|2022
£
6,107
6,107
2022
£
145,609
38,538
214
184,360
2022
£
1,360
2,280
3,640|2021
£
7,347|
|||7,347|
|||2021
£
109,104
20,487
213|
|||129,803|
|||2021
£
1,321
2,280|
|||3,601|
## **12 Cash at Bank and in Hand**
## **13 Creditors: liabilities falling due within one year**
Page 14
## **BODMIN ROAD CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 6 APRIL 2022**
## **14 Funds**
During the year the movements in the charity's funds were as follows:
|_Designated Funds_
Future projects
Job Club
_General Unrestricted Funds_
Total Unrestricted Funds
_Restricted Funds_
Carers
Children and Youth
Social Fund
Ministry
Pennine Staff/ Running
Mural Project
Job Club
Aggregate of funds|Opening
balance
2022
£
-
-
-
815,332
815,332
12,220
2,792
399
19,397
14,650
-
-
49,458
864,790|Incoming
resources
2022
£
4,418
1,848
6,266
130,249|Outgoing
resources
2022
£
-
-
-
(119,254)|Transfers
in the year
2022
£
34,783
5,652
40,434
(17,934)|Gains and
losses
2022
£
-
3,245|Closing
balance
2022
£
39,201
7,500|
|---|---|---|---|---|---|---|
|||||||46,701
811,639|
|||136,515
27,860
2,900
3,000
-
-
2,000
12,500
48,260
184,775|(119,254)
(30,575)
(1,894)
(500)
(11,610)
-
(1,937)
-
(46,516)
(165,770)|22,501
-
-
-
(7,788)
(14,650)
(63)
-
(22,501)
-|3,245
-
3,245|858,339|
|||||||9,504
3,798
2,899
(0)
-
-
12,500|
|||||||28,700|
|||||||887,039|
The transfers from restricted funds referred to above were made for the following reasons: a) The transfer from the Ministry fund represents the balance on the fund. Following a review, the trustees have ascertained that income received into this fund in the past was a mixture of restricted and designated income, and the amount transferred out does not represent any element of restricted income.
b) The transfer from the Penine Staff/running fund represents the balance on the fund. Following a review, the trustees have ascertained that income received into this fund in the past was a mixture of restricted and designated income, and the amount transferred out does not represent any element of restricted income.
## **Analysis of net assets by fund**
The assets and liabilities of the various funds were as follows:
|**ysis of net assets by fund**
assets and liabilities of the various funds were as follows:||||
|---|---|---|---|
|Tangible fixed assets
Debtors
Investments held as current assets
Cash at bank and in hand
Creditors falling due within one year|General
Designated
funds
funds
£
£
667,467
-
6,107
-
32,745
-
108,959
46,701
(3,640)
-
811,638
46,701
Unrestricted Funds|Restricted
funds
£
-
-
-
28,700
-
28,700|2022
£
667,467
6,107
32,745
184,360
(3,640)|
||||887,039|
Page 15
## **BODMIN ROAD CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 6 APRIL 2022**
In the previous year the movements in the charity's funds were as follows:
|_General Unrestricted Funds_
Total Unrestricted Funds
_Restricted Funds_
Olive Branch Café
Carers
Children and Youth
Social Fund
Ministry
Pennine Staff/ Running
Pastoral
Aggregate of funds|Opening
balance
2021
£
789,893
789,893
12,701
863
792
1,570
20,978
8,675
6,370
51,949
841,842|Incoming
resources
2021
£
71,614
71,614
14,870
24,615
-
511
10,708
37,206
7,319
95,229
166,842|Outgoing
resources
2021
£
(63,683)
(63,683)
(22,989)
(17,841)
-
(1,682)
(25,171)
(27,165)
(13,689)
(108,537)
(172,220)|Transfers
in the year
2021
£
(10,817)
(10,817)
(4,582)
4,582
2,000
-
12,883
(4,066)
-
10,817
-|Gains and
losses
2021
£
28,326
28,326
-
28,326|Closing
balance
2021
£
815,332|
|---|---|---|---|---|---|---|
|||||||815,332|
|||||||-
12,220
2,792
399
19,397
14,650
-|
|||||||49,458|
|||||||864,790|
## **Analysis of net assets by fund**
In the previous year, the assets and liabilities of the various funds were as follows:
|Tangible fixed assets
Debtors
Investments held as current assets
Cash at bank and in hand
Creditors falling due within one year|General
Designated
funds
funds
£
£
683,741
-
5,461
-
47,500
-
82,231
-
(3,601)
-
815,332
-
Unrestricted Funds|Restricted
funds
£
-
1,886
-
47,572
-
49,458|2021
£
683,741
7,347
47,500
129,803
(3,601)|
|---|---|---|---|
||||864,789|
Description of restricted funds
The **Olive Branch Café fund** has been established to receive donations and other café related income. Café related expenditure is charged against this account.
The **Carers fund** has been established to receive donations and grants to support the church's ministry towards carers and their families..
The **Children and Youth fund** has been established to receive donations and grants to support the church's ministry with children and youth.
The **Social Fund** has been established to receive donations to allow the church to make small discretionary gifts and loans to people in need.
The **Ministry fund** has been established to assist with paying the salary of the church's assistant pastor.
The **Pennine Staff/ Running fund** has been established to receive grants and other income related to operating the Pennine building. Staff and other running costs for the building are charged against this fund.
The **Future Projects fund** has been established to receive donations, grants and other income for future projects as yet to be decided.
The **Job Club fund** has been established to receive donations, grants and other unrestricted income to fund the Church's debt support and Job Club work.
The **Mural Project Fund** is in respect of a grant that the church received to create a mural.
The **Pastoral fund** has been established to receive funds to support a ministry support worker.
Page 16
## **BODMIN ROAD CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 6 APRIL 2022**
## **15 Transactions with related parties**
During the year the charity received donations totalling £14,635 (2021: £15,700) from related parties (which includes trustees, any other members of key management and anyone closely connected to them).
Stacey Ridpath, a close relative of Tony Stafford (trustee) was paid £450 (2021: £1,200) for providing children's services to the church.
Other than set out above and as disclosed in note 7 'Analysis of staff costs', there have been no other transactions with related parties during the year.
## **16 Members**
Each member of the company commits to contribute if the charity is wound up an amount of £10.
Page 17
## **BODMIN ROAD CHURCH**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES**
## **FOR THE YEAR ENDED 6 APRIL 2022**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Other income
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities:
6
**Total Expenditure**
**Net gains/(losses) on investments**
**Net income/(expenditure)**
**Transfers between funds**
14
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
14||Unrestricted
General
2022
£
60,339
25,203
43,993
714
130,249
106,654
119,254
3,245
14,240
(17,934)
(3,694)
815,332
811,638|Designated
2022
£
1,848
4,418
6,266
-
6,266
40,434
46,701
-
46,701|Restricted
2022
£
48,259
-
-
-
48,259
46,516
46,516
1,743
(22,501)
(20,758)
49,458
28,700|Total
2022
£
110,446
29,621
43,993
714
184,774
153,170
165,770
3,245
22,249
-
22,249
864,790
887,039|||Unrestricted
General
2021
£
53,080
600
17,125
809
71,614
63,683
63,683
28,326
36,256
(10,817)
25,439
789,894
815,333|Designated
2021
£
-
-
-
-
-
-
-|Restricted
2021
£
75,515
7,174
12,540
-
95,229
108,537
108,537
-
(13,308)
10,817
(2,491)
51,949
49,458|Total
2021
£
128,594
7,774
29,665
809
166,841
172,220
172,220
28,326
22,947
-
22,947
841,843
864,791|
|---|---|---|---|---|---|---|---|---|---|---|---|
Page 18