## The Bridge Christian Fellowship Temple Fortune
Report and Accounts Year ended 31 December 2020
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
## **THE BRIDGE CHRISTIAN FELLOWSHIP TEMPLE FORTUNE**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
## **LEGAL & ADMINISTRATIVE DETAILS**
|ADDRESS FOR CORRESPONDENCE|ADDRESS FOR CORRESPONDENCE|54 Bridge Lane|
|---|---|---|
|||London|
|||NW11 0EH|
|GOVERNING DOCUMENT||Declaration of Trust dated 20 April 2009|
|CHARITY REGISTRATION|NUMBER|1130219|
|TRUSTEES||George Goodman - resigned July 2020|
|||Betty Hicks|
|||David Hicks|
|||Kyuwon Park|
|||Tony Pearce|
|||Alan Rumsey|
|||Daniel Bishop|
|||Clayton Wells|
|||Esther Ameyaw - appointed January 2020|
|||Dennis Wardle - appointed January 2020|
|||Richard Adams - appointed January 2020|
|BANKERS||CAF Bank|
|||25 Kings Avenue|
|||West Malling|
|||Kent|
|||ME19 4TA|
|INDEPENDENT EXAMINER||Ajay Rajani FCIE|
|||Stewardship|
|||1 Lamb's Passage|
|||LONDON|
|||EC1Y 8AB|
||**INDEX**||
|Page 1|Legal & Administrative Details||
|Pages 2-3|Trustees' Report||
|Page 4|Independent Examiner's Report||
|Page 5|Receipts and Payments Account||
|Page 6|Statement of Assets & Liabilities||
|Page 7-8|Notes to the Accounts||
Page 1
## **THE BRIDGE CHRISTIAN FELLOWSHIP TEMPLE FORTUNE**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
The Trustees have pleasure in submitting the Report and Accounts for the year.
## **Objects of the charity**
The trust's objects are to advance the Christian faith through holding regular services for Christian worship open to the general public in Temple Fortune area of London. The fellowship provides facilities for families, including Sunday school and crèche for babies.
In carrying out its activities in the year under review, the trustees have had regard to the public benefit guidance issued by the Charity Commission, and are satisfied that the charity's activities are all for the public benefit.
## **Government**
The policy and operating decisions of the charity rest with the Trustees who meet regularly to monitor the activities of the Trust.
Trustees are elected and co-opted under the terms of the Trust Deed. Regular reviews are held to identify any expertise gaps within the Board of Trustees and appointments are made where required to strengthen the Board of Trustees, subject to all trustees’ approval.
When it is necessary to appoint new trustees, due to either a trustee stepping down or a gap of expertise in the board is identified, recruitment will initially begin through the networks of the board and management team. Applicants will be reviewed by trustees and the successful applicant will be invited to attend a trustee meeting. Following this, on the provision that the board are satisfied and the applicant still wishes to join the trustee board, they will be appointed.
## **Review of Activities**
Despite the fact that our programme has been disrupted by the Covid 19 pandemic and the lockdowns, we have kept the church open, with increased numbers attending our online meetings. During the time when meetings were shut down by government regulations, we broadcast the service by livestreaming every week, led by Kyuwon Park with Tony Pearce giving a pre-recorded message. We opened the church with social distancing when we were allowed to have in service meetings. We set up an overflow meeting in the garden via a TV link. We have held regular midweek meetings for Bible Study and prayer via zoom, which have been well attended. We have managed to keep the Friday evening youth work going, mainly via zoom. We regret that we have not been able to keep the evening services going, and also that our Sunday school children’s ministry is somewhat diminished due to the lockdown situation.
We have been pleased to see large numbers of people visiting online, sometimes over 1,000 hits. The people visiting online include those on Tony Pearce’s Light for the Last Days mailing list, some of whom now consider themselves regular members of the church, who also contribute financially to the ministry. We have recordings of services held for every week in 2020. These are still on our website and remain visited by many people. We also send out CDs of talks given at The Bridge.
We have continued our evangelism when possible, with distribution of leaflets locally and in a wider region of north London and Boreham Wood. We advertised copies of our SOS leaflet and booklet ‘10 Signs of the Second Coming of Jesus Christ’ at our online meetings and as a result we have had people writing in for copies to distribute all over the country. We have also increased our use of social media and the internet to get the message out. Tony Pearce has given a monthly talk ‘This month in Prophecy’ in the church which has gone on our website and been watched regularly by around 1,000 people.
We have increased our giving to overseas missions, including work in South America, Papua New Guinea, Israel, Greece, Burkina Fasso and the USA. Details of this work is found on our website https://bridgelane.org.uk/who-wesupport. We have given reports on these ministries in our services by video link.
The work has been overseen by our elders and deacons, who hold regular bi-monthly meetings to discuss the work and deal with any problems and arrange help for members with social or spiritual needs. We have kept the building in a good standard of maintenance, including painting the exterior of the church. The finances of the church have been kept in order and we maintain a healthy reserve fund for the future.
Our work is open to the general public, while keeping to the Covid regulations made by the government.
Page 2
## **THE BRIDGE CHRISTIAN FELLOWSHIP TEMPLE FORTUNE**
## **REPORT OF THE TRUSTEES continued**
## **Financial Review**
The Church continues to raise the funds that it needs to carry on its activities from within its own membership and congregation. No wider public appeal was made for funds during the year. Income for the year was £87,214 (2019 £85,184 ) and expenditure was £74,075 (2019: £70,651). Consequently the surplus for the year was £13,139 (2019: £14,532).
The charity's cash balances at the year end amounted to £148,623 of which £659 was restricted.
The financial results for the year, together with a summary of the accounting policies adopted, are set out in the accompanying financial statements.
## **Reserves Policy**
The Bridge Christian Fellowship’s policy is to ensure that it holds sufficient reserves (being unrestricted cash) to run the basic operations of the charity for a minimum of three months. At the balance sheet date, the Trustees estimate this would require reserves of £20,000. The Charity’s reserves at the end of the reporting period were above this level, at just under £148,000. This is significantly in excess of the minimum requirment and the excess is being held because the charity might need to fund accommodation for a potential church pastor in the future.
## **Trustees' Responsibilities**
Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
## **Approval**
This report was approved by the trustees and signed on their behalf by:
A Rumsey - trustee
Date: 22 September 2021
Page 3
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF**
## **THE BRIDGE CHRISTIAN FELLOWSHIP TEMPLE FORTUNE**
I report to the trustees on my examination of the accounts of The Bridge Christian Fellowship Temple Fortune ('the charity') for the year ended 31 December 2020 on pages 5 to 8 following.
## **Responsibilities and basis of report**
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable 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 material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the accounts do not accord with those records.
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.
Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: 18 October 2021
4
## **THE BRIDGE CHRISTIAN FELLOWSHIP TEMPLE FORTUNE**
## **RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020**
|Notes
**_Receipts_**
Gifts received
Interest received
CD & DVD Sales
Other
**_Total Receipts_**
**_Payments_**
2
3
**_Total Payments_**
Transfers between funds
**Net Movement in Funds**
Cash funds as at last year end
**Cash funds at this year end**
A
Net
receipts/
(payments)
before
transfers
Payments
in
relation
to
charitable
activities undertaken directly
Grants paid in relation to charitable
activities undertaken by others|Unrestricted
Funds
84,495
86
57
75
84,714
54,234
18,000
72,234
12,480
-
12,480
135,485
147,964|Restricted
Funds
2,500
-
-
-
2,500
-
1,841
1,841
659
-
659
-
659|2020
£
86,995
86
57
75
87,214
54,234
19,841
74,075
13,139
-
13,139
135,485
148,623|2019
£|
|---|---|---|---|---|
|||||82,546
165
312
2,160|
|||||85,184|
|||||50,308
20,343|
|||||70,651|
|||||14,532
-|
|||||14,532
120,952|
|||||135,485|
The notes on pages 7 and 8 form part of these accounts.
Page 5
## **THE BRIDGE CHRISTIAN FELLOWSHIP TEMPLE FORTUNE**
## **STATEMENT OF ASSETS & LIABILITIES**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
|**A**
**Cash funds**
Cash at bank
Offerings received but not banked
**B**
**Other monetary assets**
**C**
**Liabilities**
Fee for preparing and independently
examining the accounts
Payroll taxes
Debts owed to the charity|Unrestricted
funds
£
147,130
835
147,964
290
840
-
840|Restricted
funds
£
659
-
659
-
-
-
-|2020
£
147,789
835
148,623
290
840
-
840|2019
£|
|---|---|---|---|---|
|||||132,395
3,090|
|||||135,485|
|||||-|
|||||720
471|
|||||1,191|
## **D Assets retained for charity's own use**
The charity does not own any property; the property used by the charity is leased from the Church Growth Trust for a peppercorn rent.
The charity owns some equipment and fittings; the current value of these assets is minimal.
The accounts were approved by the trustees and signed on their behalf
by date A Rumsey - trustee 22 September 2021
The notes on pages 7 and 8 form part of these accounts.
Page 6
## **THE BRIDGE CHRISTIAN FELLOWSHIP TEMPLE FORTUNE**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
## **1 Accounting Policies**
The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.
Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. 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.
|Unrestricted
Funds
£
**2**
**Payments in relation to charitable activities undertaken directly**
Employment & consultancy costs (see note 4)
36,909
Property costs (see note 2a)
2,956
Ministry (including guest speakers)
6,614
Maintenance of buildings & equipment
1,727
Administration
1,233
Accounts administration
3,982
Fee for independent examination
814
54,234|Restricted
Funds
£
-
-
-
-
-
-
-
-|Total
2020
£
36,909
2,956
6,614
1,727
1,233
3,982
814
54,234|Total
2019
£|
|---|---|---|---|
||||33,045
4,506
5,319
1,801
1,118
3,792
726|
||||50,308|
|**2a**
**Property costs**
Rent
Insurance
Cleaning
Water, Electricity & Gas
**3**
**Grants paid in relation to charitable activities undertaken**
Grants to support UK and overseas mission
Wycliffe Bible Translators
Friends of Israel
Kehilat Haderech
Amutat Mayim Chaim Chinam
Reasons for Hope
New Tribes Mission
Other small grants to institutitons
Grants to individuals
Grants to individuals to help relieve hardship|**by others**
1,200
-
1,200
1,700
1,200
1,800
500
5,200
12,800
5,200
18,000|-
-
-
1,500
-
-
-
150
1,650
191
1,841|350
712
251
1,644
2,956
1,200
-
1,200
3,200
1,200
1,800
500
5,350
14,450
5,391
19,841|700
1,035
289
2,482|
|---|---|---|---|---|
|||||4,506|
|||||1,200
1,400
1,200
2,550
900
1,200
3,950
5,200|
|||||17,600
2,743|
|||||20,343|
Page 7
## **THE BRIDGE CHRISTIAN FELLOWSHIP TEMPLE FORTUNE**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
## **4 Employees and consultants**
The charity has one part time employee, Kyuwon Park, and in addition makes payments to another charity "Light for the Last Days" ('LLD') for the services of Tony Pearce. Most of the charity's activities are carried out by volunteers.
The charity paid Kyuwon Park a salary of £21,590 (2019: £20,818) and made employer's pension contribution of £628 (2019: £600). LLD was paid £11,907 (2019: £11,340) for the services of Tony Pearce. These payments are included in note 2 under the heading 'Employment and consultancy costs'. Kyuwon and Tony serve as elders and these payments were made for serving in that capacity, not for serving as trustees; this is permitted by the charity's governing document.
Except for the reimbursment of expenses, no other amounts were paid to (or for) the trustees or to any person connected to them.
## **5 Restricted funds**
|**Restricted funds**|||||
|---|---|---|---|---|
|Mission Support Fund
Hardship Fund|Brought forward
31 Dec 2019
-
-
-|Receipts
2,050
450
2,500|Payments
(1,650)
(191)
(1,841)|Carried forward
31 Dec 2020
400
259|
|||||659|
Page 8