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2025-04-07-accounts

Bodmin Road Church

Report and Accounts For the year ended 5[th] April 2025

Bodmin Road Church – Company Information

DIRECTORS / TRUSTEES FOR THE 2024/2025 FINANCIAL YEAR

Rev Richard Bentley Rev Iain Drysdale Mr Christopher Vayro (stepped down Feb ’25) Mrs Jo Shaw Rev Paul Copley (started Feb ‘25)

TREASURER Mr Christopher Vayro COMPANY SECRETARY Mrs Jo Shaw STAFF TEAM FOR THE PERIOD Richard Bentley Senior Pastor Tony Stafford Community Outreach Tina Stafford Community Outreach Iain Drysdale Assistant Pastor Jane Frank Charity Shop Manager

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 200 people each week, who come in to enjoy our groups, activities and support programmes or use the Charity Shop. 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, 24/25 was a smooth and successful year. We spent significant sums extending the Charity Shop, some of which was provided through grants. A government grant also facilitated the addition of solar panels at our Pennine site which we anticipate will bring significant savings on bills over the coming years. We have also seen increased attendance at Sunday services, with a congregation now averaging around 70, and congregational donations remain steady. Our two buildings remain in excellent shape and are 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), Tenant
rents,
£28,916.00,
Ebay/Vinted, 13% £12,450.00,
6%
£6,075.00, 3%
Books,
£7,118.00,
3%
Grants,
£61,735.00,
27%
Charity
shop,
£23,596.00
Donations
10%
(internal),
Buildings £35,384.00,
rental, 16%
£38,166.00,
Gift aid, 17%
£11,018.00,
5%
----- End of picture text -----

Total income for the year was £226544, and total expenditure was £232853. (Figures combine restricted and unrestricted). These are total cash flow figures without any SORP capitalisation or depreciation elements. Most areas of our work came in on budget which was pleasing. Income was a little higher than budgeted, the result of higher donations than predicted. With the addition of income from Ebay and Vinted to the existing Amazon stream, our online sales income reached £13,000, and that without dinting till receipts in the shop. During the year we also moved £100,000 of reserves into an interest-bearing account. Our reserves are currently higher than normal, but over a full cycle we will spend every penny received,

----- Start of picture text -----
Main Grants 24/25
Solar Panels grant £21020
Brantingham PCC £800
North Bank Winter Warmth £5500
Riverside £24375
Bransholme Area Team £9140
Bransholme Trust £2000
----- End of picture text -----

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.

As always, we are enormously grateful to those Bransholme Area Team external bodies that gave grants over the year, and Bransholme Trust to all those individuals who made donations. THANK YOU! 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 above.

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

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 community projects is or course

Page 3

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.

ACTIVITIES & KEY DEVELOPMEMTS

Community Project 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.

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

Salaried staff support a team of over 40 volunteers to deliver our programme, as well as 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.

Sadly, our Pennine Toddler Group had to close during the year, YOUTH AND CHILDREN’S CLUBS but all other groups and activities have remained stable and well-attended. 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, and a quiz which is put together by one of the group members. The Knit and Natter groups have been popular and well-attended all year, and the whole new Thursday Group at the church (10.00 till 2.00) started in September 2023, has continued to work very well.

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 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. It should be said in closing that none of this could be achieved without our amazing team of over 40 volunteers.

“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. £70,000). At the end of the year, the charity had free cash reserves of £230,000 in accordance with this policy. Future spending plans are expected to reduce this excess reserve and return the figure closer to the standard level.

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:

Richard James Bentley (Rev) Date: 2025

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 2025 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, 2025 12:21:02 GMT+1)

Archie McDowall BA, CA

Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Oct 8, 2025

Page 7

BODMIN ROAD CHURCH

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 5 APRIL 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Bank interest
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
£
127,872
38,185
50,616
97
216,770
203,599
18,000
221,599
(4,358)
(9,187)
-
(9,187)
868,332
859,145		 Restricted
Funds
£
29,875
-
-
-
29,875
25,525
-
25,525
-
4,350
-
4,350
9,173
13,523		 Total
Funds
2025
£
157,747
38,185
50,616
97
246,645
229,124
18,000
247,124
(4,358)
(4,837)
-
(4,837)
877,505
872,668		 Total
Funds
2024
£
107,941
34,228
48,362
39
190,569
172,949
15,000
187,949
901
3,521
-
3,521
873,983
877,505

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 2025

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
£
636,899
16,034
652,933
13,707
194,881
208,588
(2,376)
206,212
859,145
-
859,145
805,487
53,658
859,145
-
859,145		 Restricted
Funds
£
-
-
-
13,523
13,523
-
13,523
13,523
-
13,523
-
-
-
13,523
13,523		 Total
Funds
2025
£
636,899
16,034
652,933
13,707
208,404
222,111
(2,376)
219,735
872,668
-
872,668
805,487
53,658
859,145
13,523
872,668		 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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 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 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 2025

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 5 APRIL 2025

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

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

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 2025

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
Online sales
Sale of books
Church weekend
Other income
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:		 2025
£
63,963
9,140
53,321
18,000
13,323
157,747
2025
£
9,140
9,140
2025
£
18,000
18,000
2025
£
23,596
6,076
7,118
1,395
-
38,185
2025
£
50,616
50,616
2025
£
91,372
3,389
200
35,491
648
14,948
12,654
37,506
196,208		 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
1,620
6,119
2,763
601
34,228
2024
£
48,362
48,362
2024
£
76,171
3,677
-
17,042
702
14,015
7,762
25,892
145,261

Page 12

BODMIN ROAD CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2025

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		 2,376
3,433
5,809
1,700
19,809
5,598
32,916
229,124		 2,328
2,535
4,863
1,843
15,780
5,201
27,687
172,949

The fee payable to the independent examiner for preparing and examining the accounts was £2,328 including VAT (2024: £2,328); in addition the charity paid £210 (2024: £210) to Stewardship for consultancy services.

c Grants payable

Institutions
Individuals
£
£
Grants for UK and overseas mission
2,200
-
Grants for the relief of poverty
27,436
1,620
29,636
1,620
The comparatives for the previous year are as follows:
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 charity's principal grants to institutions comprised:
2025
£
Ignite Communities
26,200
Hull Vineyard
-
Open Doors
1,000
Grants to institutions for less than £1,000 each
2,436
29,636
7
Cost of raising funds
2025
£
Goods donated for resale
18,000
18,000
8
2025
£
Gross wages and salaries
82,862
Social security
-
Pension costs
8,997
91,859
Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses		 2025
£
2,200
29,056
31,256
2024
£
3,750
22,142
25,892
2024
£
20,000
1,000
1,000
2,398
24,398
2024
£
15,000
15,000
2024
£
70,232
-
4,152
74,384

The average monthly number of employees during the year was 5 (2024: 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 2025

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
14,330
6,942
Tony Stafford
19,905
597
Iain Drysdale
20,391
612
Jane Frank
14,310
429
Key management connected to trustees:
Christina Stafford
13,926
418
following amounts were payable in the previous year:
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		 2025
£
21,272
20,502
21,003
14,739
14,344
91,860
2024
£
14,935
18,683
20,195
6,298
13,792
73,903

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 (2024: £90) and paid £90 (2024: £90) to Acts 435.

10
Tangible fixed assets
Cost
At 6 April 2024
Additions
At 6 April 2025
Accumulated depreciation
At 6 April 2024
Charge for the year
At 6 April 2025
Net book value
At 6 April 2025
At 6 April 2024		 Freehold
Land
£
60,000
60,000
-
60,000
60,000		 Freehold
Buildings
£
745,079
-
745,079
172,905
14,902
187,807
557,272
572,174		 Fixtures,
fittings and
equipment
£
51,387
21,020
72,407
47,873
4,907
52,780
19,627
3,514		 Total
2025
£
856,466
21,020
877,486
220,778
19,809
240,587
636,899
635,688

Freehold land and buildings comprise:

Church buildings
Manse
Pennine (leasehold)		 £
400,000
90,000
315,079
805,079

Page 14

BODMIN ROAD CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2025

11 Fixed asset investments

Cost or fair value brought forward
Change in value of investments
Cost or fair value carried forward
ors
Falling due within one year:
Tax recoverable
Deposit
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
The investments at 05 April 2024 comprise:		 Shares
20,392
-
20,392
Cash
Shares		 2025
£
20,392
(4,358)
16,034
10
16,024
16,034
2025
£
12,705
1,002
13,707
2025
£
169,642
38,708
54
208,404
2025
£
-
2,376
2,376		 2024
£
19,491
901
20,392
10
20,382
20,392
2024
£
10,401
-
10,401
2024
£
175,695
38,611
310
214,616
2024
£
1,263
2,328
3,591

12 Debtors

13 Cash at Bank and in Hand

14 Creditors: liabilities falling due within one year

Page 15

BODMIN ROAD CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2025

15 Funds

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

Designated Funds
Future projects
Debt Support (formerly Job Club)
Midweek Ministries
Pennine Community Manager
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Midweek Ministries Fund
Children and Youth
Social Fund
Pennine Community Manager
Debt Support (formerly Job Club)
Aggregate of funds		 Opening
balance
2025
£
49,435
500
-
-
49,935
818,397
868,332
615
1,436
2,748
4,373
-
9,173
877,505		 Incoming
resources
2025
£
426
-
-
-
426
216,344
216,770
5,500
-
-
14,375
10,000
29,875
246,645		 Outgoing
resources
2025
£
(41)
(22,450)
(35,000)
(1,000)
(58,491)
(163,108)
(221,599)
(446)
(260)
(1,120)
(13,699)
(10,000)
(25,525)
(247,124)		 Transfers
in the year
2025
£
3,838
21,950
35,000
1,000
61,788
(61,788)
-
-
-
-
-
-
-
-		 Gains and
losses
2025
£
-
-
-
-
-
(4,358)
(4,358)
-
-
-
-
-
-
(4,358)		 Closing
balance
2025
£
53,658
-
-
-
53,658
805,487
859,145
5,669
1,176
1,628
5,049
-
13,523
872,668

Analysis of net assets by fund

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
£
£
636,899
-
13,707
-
16,034
-
141,223
53,658
(2,376)
-
805,487
53,658
Unrestricted Funds		 Restricted
funds
£
-
-
-
13,523
-
13,523		 2025
£
636,899
13,707
16,034
208,404
(2,376)
872,668

Page 16

BODMIN ROAD CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2025

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
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
167,454
13,910
-
1,000
7,705
500
23,115
190,569		 Outgoing
resources
2024
£
-
(17,000)
(17,000)
(126,421)
(143,421)
(33,123)
(1,129)
(944)
(6,332)
(3,000)
(44,528)
(187,949)		 Transfers
in the year
2024
£
5,117
-
5,117
(18,117)
(13,000)
10,000
-
-
3,000
-
13,000
-		 Gains and
losses
2024
£
-
901
901
-
901		 Closing
balance
2024
£
49,435
500
49,935
818,397
868,332
615
1,436
2,748
4,373
-
9,173
877,504

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
£
£
635,688
-
10,401
-
20,392
-
155,508
49,935
(3,591)
-
818,398
49,935
Unrestricted Funds		 Restricted
funds
£
-
-
-
9,173
-
9,173		 2024
£
635,688
10,401
20,392
214,616
(3,591)
877,506

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 Debt Support (formerly 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 2025

16 Transactions with related parties

During the year the charity received donations totalling £9,684 (2024: £8,640) from related parties (which includes trustees, any other members of key management and anyone closely connected to them).

Chris Vayro, a trustee, was paid £1,000 (2024: £nil) for providing accounting 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 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Bank interest
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
2025
£
127,872
37,759
50,616
97
216,344
145,108
18,000
163,108
(4,358)
48,878
(61,788)
(12,910)
818,397
805,487		 Designated
2025
£
-
426
-
-
426
58,491
58,491
(58,065)
61,788
3,723
49,935
53,658		 Restricted
2025
£
29,875
-
-
-
29,875
25,525
25,525
4,350
-
4,350
9,173
13,523		 Total
2025
£
157,747
38,185
50,616
97
246,645
229,124
18,000
247,124
(4,358)
(4,837)
-
(4,837)
877,505
872,668		 Unrestricted
General
2024
£
92,531
26,523
48,362
39
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
34,228
48,362
39
190,569
172,949
15,000
187,949
901
3,521
-
3,521
873,983
877,505

Page 19