OpenCharities

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

2024-04-07-accounts

Bodmin Road Church Report and Accounts For the year ended 5[th] April 2024

Bodmin Road Church – Company Information

DIRECTORS / TRUSTEES FOR THE 2023/2024 FINANCIAL YEAR

Rev Richard Bentley Rev Iain Drysdale Mr Christopher Vayro Mrs Jo Shaw

TREASURER Mr Christopher Vayro COMPANY SECRETARY Mrs Jo Shaw STAFF TEAM FOR THE PERIOD Richard Bentley Senior Pastor Tony Stafford Community Outreach Tina Stafford Carers’ Service Co-ordinator Iain Drysdale Assistant Pastor Jane Frank Charity Shop Manager (from Nov 23) 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

Page 1

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. Bransholme, an estate 8 miles in perimeter, comprises two wards, both of which fall in the bottom 0.5% of wards on the national indices of social deprivation. Over the last 25 years, we have delivered a wide range of community projects and services, employing between 4 and 9 staff at any one time (currently 5). We are a longestablished, grass-roots organisation with a fabulous team of experienced staff, volunteers and trustees. Our unique selling point is the relational atmosphere and sense of belonging that pervades our work and our two buildings. Across those two sites, Church site and

“ Bodmin Road Church makes a superb contribution to life in one of the country’s most deprived communities .”

Diana Johnson, MP

Pennine Centre, we normally have contact with around 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.

Overall, 23/24 has been a smooth and successful year with no major bumps in the road. One new staff member was added in November, Jane Frank arrived to manage the Charity Shop. We have seen steady attendance at all our midweek groups and Sunday service attendance has grown, with a congregation averaging around 60. On the buildings front, we added CCTV and a new heating boiler at the Pennine site. Our two buildings are in excellent shape and remain a valuable resource both for our own work and for income generation through room rentals.

“Without you lot I don’t think I’d still be here.” FINANCIAL OVERVIEW

George

Page 2

FINANCE

----- Start of picture text -----
Donations Income
(external),
Books, £20,569.00,
Manse,
£6,119.00, 12%
4% £6,465.00, Grants,
4% £27,435.00,
17%
Other,
£1,620.00,
1%
Charity Donations
shop, (internal),
£23,124.00 £33,879.00,
14% 20%
Buildings
rental,
£41,897.00,
Gift aid,
25%
£5,198.00, 3%
----- End of picture text -----

Total income for the year was £167,150, and total expenditure was £152,200. These are true cash flow figures without any capitalisation or depreciation element. Most areas of our work came in on budget which was pleasing. Income was higher than budgeted, the result of higher donations than predicted. Our reserves are currently higher than normal, but over a full cycle we will spend every penny received, maintaining only such reserves as are required by the Charity Commission. In fact, the forward budget for the next three years has spending plans that will call on some of those current reserves.

Main Grants 23/24
Hull Social Services £5735
Crime Prevention fund £3000
Brantingham PCC £700
North Bank Winter Warmth £9980
Joyona Trust £250
Riverside £2705
Bransholme Area Team £5000

As always, we are enormously grateful to those Brantingham PCC external bodies that gave grants over the year, and North Bank Winter Warmth to all those individuals who made donations. Joyona Trust THANK YOU! We are also working hard to generate Riverside income ourselves and the income split for the year Bransholme Area Team (combining both sites) is shown in the pie chart above. Our online sales topped £7500, and we expect that to go higher again next year.

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 fullyinvolved trustees, which allows a flexible and dynamic approach to both opportunities and

“All ring-fenced grant funding is managed separately from the ordinary church finances. ”

to challenges. All ring-fenced grant funding for community projects is or course 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 and insurance for projects where a grant may cover only a salary.

Page 3

ACTIVITIES & KEY DEVELOPMEMTS

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.

The two toddler groups and charity shop are run by volunteers. Volunteer changes sadly meant one of the groups had to stop during the course of the year. Salaried staff are working to support those activities as well as running other groups and providing one-to-one mentoring and home visits. 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. We added a Monday morning opening during the year.

Community Project Activities

BODMIN SOFT PLAY CENTRE PENNINE ONLINE DROP-IN PENNINE KNIT & NATTER BODMIN KNIT & NATTER TODDLER GROUP PENNINE CHARITY SHOP CHILDREN’S & FAMILIES’ WORK CARERS’ SERVICE MEN’S GROUP DROP-IN GROUPS DEBT SUPPORT & JOB CLUB YOUTH AND CHILDREN’S CLUBS (Delivered by Bridges-Hull at Pennine)

The Men’s Group, targeting particularly older men, most of whom live alone, continues to thrive. We are seeking to combat loneliness and encourage positive mental health. Table tennis, pool and darts are popular, as well as quiet conversation over a coffee.

As expected, the Carers’ Service lost its Council funding during the year, but we committed our own resources to keeping Tina in employment (the power of having reserves). Tina was therefore able to continue running groups and providing home visit. The Knit and Natter groups have been popular and well-attended all year, and we also started a whole new Thursday drop-in at the church during the year, which has really taken off.

The Debt Support team have supported people with roughly £500,000 of debt during the year. Remarkable! It is run by a separate professional organisation, Hull & East Yorkshire CMA, in return for a grant which we pay to them on a quarterly basis. Demand for their services is high and the team offers benefits advice alongside the work on debt and budgeting. We have committed a significant spend from our reserves in order to put this work on a firm footing out till April 2026. This an example of our earlier-mentioned commitment to spend our resources serving our community, and of the way in which our Trustees manage the budget in a manner which allows us to commit to new opportunities, whilst safely covering our own risks in line with Charity Commission guidance.

Overall, it has been a steady and successful year which has seen many lives touched and strengthened in many different ways.

“Coming here is the highlight of my week.”

Margaret, Knit & Natter

Page 4

CHARITY LAW COMPLIANCE

Objects of the Charity

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 £205,443 and net current assets of £ 212,252 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.

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:

  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.

Page 5

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:

R J Bentley

R J Bentley (Oct 8, 2024 11:26 GMT+1)

Richard James Bentley (Rev)

Date: Oct 8, 2024

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 5 April 2024 on pages 8 to 19 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 (Oct 8, 2024 11:42 GMT+1)

Archie McDowall BA, CA

Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Oct 8, 2024

Page 7

BODMIN ROAD CHURCH

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 5 APRIL 2024

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
15
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
15		 Unrestricted
Funds
£
92,531
24,302
48,362
2,260
167,454
128,421
15,000
143,421
901
24,934
(13,000)
11,934
856,398
868,332		 Restricted
Funds
£
15,410
7,705
-
-
23,115
44,528
-
44,528
-
(21,413)
13,000
(8,413)
17,586
9,173		 Total
Funds
2024
£
107,941
32,007
48,362
2,260
190,569
172,949
15,000
187,949
901
3,521
-
3,521
873,983
877,505		 Total
Funds
2023
£
94,677
28,299
55,418
2,222
180,617
167,819
12,600
180,419
(13,254)
(13,056)
-
(13,056)
887,039
873,983

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 10-18 form part of these accounts.

Page 8

BODMIN ROAD CHURCH

BALANCE SHEET

AS AT 5 APRIL 2024

Note
FIXED ASSETS
Tangible assets
10
Investments
11
CURRENT ASSETS
Debtors
12
Cash at bank and in hand
13
CREDITORS: Amounts falling
due within one year
14
Net current assets / (liabilities)
Total assets less current liabilities
CREDITORS: Amounts falling due
TOTAL NET ASSETS
FUND BALANCES
15
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
635,688
20,392
656,080
10,401
205,443
215,844
(3,591)
212,252
868,332
-
868,332
818,397
49,935
868,332
-
868,332		 Restricted
Funds
£
-
-
-
9,173
9,173
-
9,173
9,173
-
9,173
-
-
-
9,173
9,173		 Total
Funds
2024
£
635,688
20,392
656,080
10,401
214,616
225,016
(3,591)
221,425
877,505
-
877,505
818,397
49,935
868,332
9,173
877,505		 Total
Funds
2023
£
651,468
19,491
670,959
8,716
198,812
207,528
(4,504)
203,024
873,983
-
873,983
794,579
61,818
856,397
17,585
873,983

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 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 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:

R J Bentley (Oct 8, 2024 11:26 GMT+1)R J Bentley Oct 8, 2024 ----------------------------------------------------------------------------R J Bentley Date

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 5 APRIL 2024

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

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 5 APRIL 2024

d) Fund accounting

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:

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.

Page 11

BODMIN ROAD CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2024

3 Donations and legacies

Donations of cash and similar
Government Grants (note 3a)
Other grants receivable
Donations in kind (note 3b)
Income tax recoverable
a
Local authority grants
b
Donations in kind comprise the following:
Goods donated for:
Re-sale in the Church's charity shop and on-line
4
Income from charitable activities
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)
Government grants comprise:		 2024
£
54,247
13,786
14,347
15,000
10,561
107,941
2024
£
13,786
13,786
2024
£
15,000
15,000
2024
£
23,125
6,119
2,763
-
~~32,007~~
2024
£
48,362
48,362
2024
£
76,171
3,677
-
17,042
702
14,015
7,762
25,892
145,261		 2023
£
35,644
33,142
8,253
12,600
5,039
94,677
2023
£
33,142
33,142
2023
£
12,600
12,600
2023
£
25,243
3,057
-
-
~~28,299~~
2023
£
55,418
55,418
2023
£
67,477
-
233
22,780
8,118
17,090
7,397
16,650
139,745

Page 12

BODMIN ROAD CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2024

b Costs incurred on support & administration

Costs incurred on support & administration
Governance costs
Accounts preparation and Independent examination
Other
Office running costs
Depreciation of tangible fixed assets
Insurance
Total expenditure		 2,328
2,535
4,863
1,843
15,780
5,201
27,687
172,949		 1,920
3,231
5,151
1,700
15,999
5,224
28,075
167,819

The fee payable to the independent examiner for preparing and examining the accounts was £2,328 including VAT (2023: £2,280); in addition the charity paid £210 (2023: £200) to Stewardship for consultancy services.

c Grants payable

Institutions
Individuals
£
£
Grants for UK and overseas mission
3,700
50
Grants for the relief of poverty
20,698
1,444
24,398
1,494
The comparatives for the previous year are as follows:
Institutions
Individuals
£
£
Grants for UK and overseas mission
2,100
50
Grants for the relief of poverty
14,000
500
16,100
550
The charity's principal grants to institutions comprised:
2024
£
Ignite Communities
20,000
Hull Vineyard
1,000
Open Doors
1,000
Tear Fund
-
Hull Lighthouse
-
Grants to institutions for less than £1,000 each
2,398
24,398
Cost of raising funds
2024
£
Goods donated for resale
15,000
15,000
2024
£
Gross wages and salaries
70,232
Social security
-
Pension costs
4,152
74,384
Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses		 2024
£
3,750
22,142
25,892
2023
£
2,150
14,500
16,650
2023
£
12,500
-
500
500
400
2,200
16,100
2023
£
12,600
12,600
2023
£
61,188
3,534
3,879
68,601

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 5 (2023: 5). 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.

Page 13

BODMIN ROAD CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2024

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
2,435
Tony Stafford
18,139
544
Iain Drysdale
19,607
588
Jane Frank
6,115
183
Key management connected to trustees:
Christina Stafford
13,390
402
following amounts were payable in the previous year:
Employer
Wages &
pension
salaries
contributions
Key management:
Richard Bentley
12,500
2,435
Tony Stafford
16,480
494
Iain Drysdale
18,853
566
Key management connected to trustees:
Christina Stafford
12,875
386		 2024
£
14,935
18,683
20,195
6,298
13,792
73,903
2023
£
14,935
16,974
19,419
13,261
64,589

The following amounts were payable in the previous year:

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.

9 Acting as agent

On occasion the charity receives money on behalf of other charities, which it banks and then pays out to these charities. This income is received as agent for these other charities and the income, and the related payments, are excluded from the Statement of Financial Activities; any money that has not been distributed by the year end is recognised as a creditor.

During the year the charity acted as agent and, in that capacity: a) received £90 (2023: £100) and paid £90 (2023: £100) to Acts 435.

10
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
158,004
14,902
172,905
572,174
587,075		 Fixtures,
fittings and
equipment
£
51,387
-
51,387
46,995
878
47,873
3,514
4,392		 Total
2024
£
856,466
-
856,466
204,998
15,780
220,778
635,688
651,468

Page 14

BODMIN ROAD CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2024

11 Fixed asset investments

d asset investments
Cost or fair value brought forward
Change in value of investments
Cost or fair value carried forward
The investments at 05 April 2024 comprise:		 Shares
19,491
-
19,491
Cash
Shares		 2024
£
19,491
901
20,392
10
20,382
20,392		 2023
£
32,745
(13,254)
19,491
241
19,250
19,491

12 Debtors

Falling due within one year:
Tax recoverable
Deposit
Prepayments
Total debtors
13
Cash at Bank and in Hand
Cash at bank with immediate access
Notice deposits (with a term of three months or less)
Petty cash
14
Creditors: liabilities falling due within one year
Trade creditors
Accruals		 2024
£
10,401
-
-
10,401
2024
£
175,695
38,611
310
214,616
2024
£
1,263
2,328
3,591		 2023
£
5,039
882
2,795
8,716
2023
£
160,048
38,573
192
198,812
2023
£
2,224
2,280
4,504

Page 15

BODMIN ROAD CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2024

15 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
Midweek Ministries Fund
Children and Youth
Social Fund
Pennine Community Manager
Job Club
Aggregate of funds		 Opening
balance
2024
£
44,318
17,500
61,818
794,580
856,398
9,827
2,565
2,693
-
2,500
17,585
873,983		 Incoming
resources
2024
£
-
-
-
167,454		 Outgoing
resources
2024
£
-
(17,000)
(17,000)
(126,421)		 Transfers
in the year
2024
£
5,117
-
5,117
(18,117)		 Gains and
losses
2024
£
-
901		 Closing
balance
2024
£
49,435
500
49,935
818,397
167,454
13,910
-
1,000
7,705
500
23,115
190,569		 (143,421)
(33,123)
(1,129)
(944)
(6,332)
(3,000)
(44,528)
(187,949)		 (13,000)
10,000
-
-
3,000
-
13,000
-		 901
-
901		 868,332
615
1,436
2,748
4,373
-
9,173
877,504

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
£
£
635,688
-
10,401
-
20,392
-
155,508
49,935
(3,591)
-
818,397
49,935
Unrestricted Funds		 Restricted
funds
£
-
-
-
9,173
-
9,173		 2024
£
635,688
10,401
20,392
214,616
(3,591)
877,505

Page 16

BODMIN ROAD CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2024

In the previous 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
Scooter Shed
Job Club
Aggregate of funds		 Opening
balance
2023
£
39,201
7,500
46,701
811,639
858,339
9,504
3,798
2,899
-
12,500
28,700
887,039		 Incoming
resources
2023
£
-
-
-
141,412
141,412
31,705
-
-
5,000
2,500
39,205
180,617		 Outgoing
resources
2023
£
-
-
-
(130,100)
(130,100)
(31,381)
(1,233)
(206)
(5,000)
(12,500)
(50,320)
(180,419)		 Transfers
in the year
2023
£
5,117
10,000
15,117
(15,117)
-
-
-
-
-
-
-
-		 Gains and
losses
2023
£
-
(13,254)
(13,254)
-
(13,254)		 Closing
balance
2023
£
44,318
17,500
61,818
794,580
856,398
9,827
2,565
2,693
-
2,500
17,585
873,983

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
£
£
651,468
-
8,716
-
19,491
-
119,409
61,818
(4,504)
-
794,580
61,818
Unrestricted Funds		 Restricted
funds
£
-
-
-
17,585
-
17,585		 2023
£
651,468
8,716
19,491
198,812
(4,504)
873,983

Description of restricted funds

The Midweek Ministries fund (formerly known as the Carer's fund) receives grants and designated funds to support the church's midweek operations.

The Children and Youth fund receives donations and grants to support the church's ministry with children and youth.

The Social Fund receives donations to allow the church to make small discretionary gifts and loans to people in need.

The Pennine Community Manager fund receives grants and other designated income set aside for paying the salary of our Penine Community Manager.

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.

Page 17

BODMIN ROAD CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2024

16 Transactions with related parties

During the year the charity received donations totalling £8,640 (2023: £8,320) 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 £510 (2023: £1,080) 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.

17 Members

Each member of the company commits to contribute if the charity is wound up an amount of £10.

Page 18

BODMIN ROAD CHURCH

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 5 APRIL 2024

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
15
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
15		 Unrestricted
General
2024
£
92,531
24,302
48,362
2,260
167,454
111,421
15,000
126,421
901
41,934
(18,117)
23,817
794,580
818,397		 Designated
2024
£
-
-
-
-
-
17,000
17,000
(17,000)
5,117
(11,883)
61,818
49,935		 Restricted
2024
£
15,410
7,705
-
-
23,115
44,528
44,528
(21,413)
13,000
(8,413)
17,586
9,173		 Total
2024
£
107,941
32,007
48,362
2,260
190,569
172,949
15,000
187,949
901
3,521
-
3,521
873,983
877,506		 Unrestricted
General
2023
£
55,472
28,299
55,418
2,222
141,412
117,500
12,600
130,100
(13,254)
(1,941)
(15,117)
(17,058)
811,638
794,580		 Designated
2023
£
-
-
-
-
-
-
-
-
15,117
15,117
46,701
61,818		 Restricted
2023
£
39,205
-
-
-
39,205
50,320
50,320
(11,115)
-
(11,115)
28,700
17,585		 Total
2023
£
94,677
28,299
55,418
2,222
180,617
167,819
12,600
180,419
(13,254)
(13,056)
-
(13,056)
887,039
873,984

Page 19