## The Bridge Christian Fellowship Temple Fortune
Report and Accounts Year ended 31 December 2021
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
## **THE BRIDGE CHRISTIAN FELLOWSHIP TEMPLE FORTUNE**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **LEGAL & ADMINISTRATIVE DETAILS**
|ADDRESS FOR CORRESPONDENCE|54 Bridge Lane|
|---|---|
||London|
||NW11 0EH|
|GOVERNING DOCUMENT|Declaration of Trust dated 20 April 2009|
|CHARITY REGISTRATION NUMBER|1130219|
|TRUSTEES|Betty Hicks|
||David Hicks|
||Kyuwon Park|
||Tony Pearce|
||Alan Rumsey (resigned March 2022)|
||Daniel Bishop|
||Clayton Wells|
||Esther Ameyaw|
||Dennis Wardle|
||Richard Adams (resigned March 2022)|
||Christopher Beckingham (appointed November 2021)|
|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 2021**
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 the 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**
During 2021 we kept the church open as possible and have seen good numbers attending our meetings. We restarted the evening service at the end of the year and now continue to have regular meetings at 11 am and 6.30 pm on Sundays. We have an active Sunday School ministry for children and a youth meeting for teenagers. We have also used livestreaming to broadcast the services, which have been recorded and placed on our website. We have people tuning in from around the country and abroad, with sometimes as many as 1000 hits to these services and an average of around 500. We have held regular midweek meetings for Bible Study and prayer. We have been engaged in pastoral work, looking after the needs of the elderly and the sick and helping asylum seekers.
We have continued our evangelism when possible, with distribution of leaflets locally and in a wider region of north London and Boreham Wood.
We have continued 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. We have also given contributions to visiting speakers representing various Christian ministries.
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.
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 £104,646 (2020 £87,214) and expenditure was £83,708 (2020: £74,075). Consequently the surplus for the year was £20,938 (2020: £13,139).
The charity's cash balances at the year end amounted to £169,562 of which £282 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 over £169,000. This is significantly in excess of the minimum requirement 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:
Tony Pearce
……………………………………… Tony Pearce - trustee
Date: 7 November 2022
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 2021 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
Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: 16 November 2022
Page 4
## **THE BRIDGE CHRISTIAN FELLOWSHIP TEMPLE FORTUNE**
## **RECEIPTS AND PAYMENTS ACCOUNT**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
|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
102,178
7
310
69
102,564
57,884
23,365
81,249
21,315
-
21,315
147,964
169,280|Restricted
Funds
2,082
-
-
-
2,082
-
2,459
2,459
(377)
-
(377)
659
282|2021
£
104,260
7
310
69
104,646
57,884
25,824
83,708
20,938
-
20,938
148,623
169,562|2020
£|
|---|---|---|---|---|
|||||86,995
86
57
75|
|||||87,214|
|||||54,234
19,841|
|||||74,075|
|||||13,139
-|
|||||13,139
135,485|
|||||148,623|
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 2021**
|**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
£
168,894
386
169,280
-
858
404
1,262|Restricted
funds
£
282
-
282
-
-
-
-|2021
£
169,176
386
169,562
-
858
404
1,262|2020
£|
|---|---|---|---|---|
|||||147,789
835|
|||||148,623|
|||||290|
|||||840
-|
|||||840|
## **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 Tony Pearce date -------------------------------------------7 November 2022 Tony Pearce - trustee
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 2021**
## **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)
35,307
Property costs (see note 2a)
2,966
Ministry (including guest speakers)
9,431
Maintenance of buildings & equipment
3,889
Administration
1,302
Accounts administration
4,148
Fee for independent examination
840
57,884
**2a**
**Property costs**
Rent
Insurance
Cleaning
Water, electricity & gas
**3**
**Grants paid in relation to charitable activities undertaken by others**
Grants to support UK and overseas mission
Wycliffe Bible Translators
1,300
Kehilat Haderech
900
Amutat Mayim Chaim Chinam
2,050
Reasons for Hope
1,200
New Tribes Mission
2,550
Stand with us
1,100
Bible Ventures
1,000
Other small grants to institutitons
500
Grants to individuals
6,340
16,940
Grants to individuals to help relieve hardship
6,425
23,365|Restricted
Funds
£
-
-
-
-
-
-
-
-
-
600
1,050
-
340
-
-
20
40
2,050
409
2,459|Total
2021
£
35,307
2,966
9,431
3,889
1,302
4,148
840
57,884
350
1,075
191
1,350
2,966
1,300
1,500
3,100
1,200
2,890
1,100
1,000
520
6,380
18,990
6,834
25,824|Total
2020
£|
|---|---|---|---|
||||36,909
2,956
6,614
1,727
1,233
3,982
814|
||||54,234|
||||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|
## **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 £22,341 (2020: £21,590) and made employer's pension contribution of £702 (2020: £628). LLD was paid £12,264 (2020: £11,907) 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.
Page 7
## **THE BRIDGE CHRISTIAN FELLOWSHIP TEMPLE FORTUNE**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **5 Restricted funds**
Mission Support Fund Hardship Fund
|Brought forward
31 Dec 2020
400
259
659|Receipts
900
1,182
2,082|Payments
(1,050)
(1,409)
(2,459)|Carried forward
31 Dec 2021
250
32|
|---|---|---|---|
||||282|
Page 8