REGISTERED CHARITY NUMBER: 1135594 REPORT OF THE TRusfEES AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR E)DED 31 DECEMBER 2023 FOR BROMLEY LThftED REFORhlED CHURCH B¢rrKnger5 LLP Chartered Accuunlant5 Ly¥on Housc 50 London Road Bromley Keni BRI 3RA
BROIMLEY LWITED REFORIIF.D CHURCH coD(rENTS OF THE FJYA)CIAL STATENIENTS ror the >ear ended 31 December 2023 PAge R¢f¢rence #nd Admlthlsirxilve delails Report of ibe trusttts Independent exawiDer'$ report St•ttmtnt of fiD&ncial *ctivities Balance Sheet Notts to Éht Ilnanelal ststtments 10 to 18 Detailed staiement of financial activities 19 to 20
BROMLEY L'NITED REFORMF.D CHURCH REFEREYCE AND ADTrflYISTRATIVE DETAILS for the yezr ended 31 D¢£ember2023 TRUSTEES Rev Dr E Colechi S Fellingh3m Mrs E Johnson Mrs J DavKes Mrs R H Howard Ms J Isaacson PRINL CIPAL ADDRESS 20 WidmoTe Road Bromlcy Kent BRI IRY REGISTERED CHARJTY 1135594 INDEPENDEI4IT EXAMINER Berringers LLP Chartered Aceouotsnts Lygon House 50 London Road Bromlry Kent BRI 3RA Page I
BROMLEY UliITED REFoRlED CHURCH REPORT Ob TH£ TRL'STF.FS for ihe )er ended 31 D¢cember 2023 The TnreeS presen¢ their rep)rt with th¢ faTr¢i0t $tements for the clwity for the year ended 31 December 2023. The Tru5tee5 have adopted th¢ pViSIOS of ACcountg and REponing by Chariiies.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wtth the Financial Reponing Standard applicable in the UK and Republic of Ireland IFRS 102) Icffe¢tive Jsi JaDuary' 2015). OBJECTIVE AND ACTIVITIES Objectives and Alms The Church's continuing objective is to bring the Chris(ian message io pIc. to serve ihe local community. especially the vulner3bl¢, th¢ displaced and the rnarginaiised. and 10 benefii the public. Its location o(fEr¥n¥ a widc rangc of aclivilie5 WTthin IL mEans many people have a¢¢ess io the buildin.. which we recognise as an opportunity to further ih£sc aims. Publie Benefit The TnLSt¢es have ¢omplied with the dury as per Scclioll 17 of the 2011 Ch2riues Aci to have due regard 10 gllidance published by the Charity Commission on public benefit and consider thai the objeciives and aims of the charity described above. enable il to meffl its obligations the Charity Commission and to benefit the public. Internal Organlstion Durin¥ 2023 meniber5 were ihe Ministcr, four scrnng Eldcr5 and one Trste¢ appointed by Church Meeiin8'. Mr Stcphcn F¢llingham {Local Church Leaderl. Mrs Judkth Davies. Mrs Ruth Howard (Church and Tnree Se¢retaryl, Ms Julia Isuacsoll and Mrs Eve JohnsotL The Finance OfficerlAdmilli5trator, Mr5 Diana Tutt. also attended meetings. Nine meetings were held in per50ll. Sunday worship remains the COTt Df church lift. 2023 was the second fi]11 year of Revd. Dr Elaine Colechin's seTh'ic¢ as tke Minister of Word and Sacrarnerlts in the Pastofdie of Si Mark's Lniied Church Greenwich and Bromley United Refom)ed Church. Sunday scrvicts also conliDued 10 be led by Mr Stephcn Fcllingham, Locol Cliurrh Leader, and MTS Judith Davie5. Lay Prcachcr, who also tskes the lead on pastoral care and Yisiling. During the year. a new volunteer agreem¢nt with Mr Fellingham drawn up. and tsus(ees ld the ¢ongregauon join in wishing him well for his sabbatical. to be t2k¢n in May at June 2024. ODgoiDg A¢tivltles during 2023 Buildings.. The church complcx is large and centrally placed with eighi rooms and No kitchens available for hire which are widely used. Parts of the buklding are used on a Ig-tenn license by BrDmley Homele&s Charity {5ee beltsw). Witho1 the income derived from TOOM lettings the thurch would noi be able ¢0 conrinue., closure io mosl hirers for the gtcat¢r part of the previous two years caused gTrve flnancial concem5. Lettings to corntnunity gUp5 and EhaTitics resumed during 2022 and continued dunng 2023. Thcy havc siill to reThrn to preyndemic levels. Some users no long¢r opcratcd as previously but new enquiries bc8an gradually to fill gaps. with children'5 parties gaining popularity. Price increases for 2023 were sei and noLified io users in the autumn of 2022. the fll5t Since 2018. ThEse were 13 /, for existing users and 20•/0 for new enquiTeT5. These tsk #ccouni of higher energy and staff costs: th¢ London Living Wage rose by almosi IOO/o in Nov¢rnber 2022., the increase is noTtnally implemented the followinE April bui this was broughi forward to January 2023 in recognition of the cosi of lii'ing pressure5. The TrSteeS noted that goillg foTward the rharg¢% should be reviewed annually and uprdted as appTvpriate: raiher than allowiiig sv¢h a long gap io elapse, although Covid accounted for a good pan of this. As rq)orted dunng thc last two years, several major refurbishTnent projects Mtre ideniified in a building opcn sin¢e 1989, th¢ most urgent betng replacement boilers. Funding for these was secured from a grant frorn the URC'5 Southem Syntrj and part of a legacy from a fom)cr Trusltt. Work wa5 Cotnpletcd in 2022. enabling warnirh to rewm for us¢r5 for the secolld part of the heating scasoll. Lasi year we also howl the mor¢ etTicieThi boilers would Iielp 10 off5ei the eeply rising energv ¢05LS faced by ei'eryone. together V4ith PV ce115 {solar panels) due to be ftxed to the roof. UnforEunately. Ihe CDntractt>r engaged to stEpply and Insts]I the panels did noi complete the job and arbitraiion through the Jppmpriatc tradc body was begun in 2023. the money paid for the work was tt-paid in March 2024. We will rcconsideT the POSLTioning of the panels and ¢nd¢avor (o ha¥'c th¢m fitted in the spring of 2025. Oihcr Tnajor pmjects are replating the original Velux window4 fan coil radiators the Whirfield Hall. and updating the fire alam system. These require further SUPPDTt from gnnts from Southern Syn¢xl or other fimdraisin8 if they are to procEed. ihe laiter haifof Ihe year, an appIltiOn wa5 made for ball the c0515 Ic £20.(K)01 ofthc fan coil radialors scaling die boilcr system and rnof repair5: thi5 was granted in January ?024. allowing the Work io be compleied lime for the 2024 hrating season. Thc project w replace the window5 15 in abeyan¢e for the lime being. Pagc 2
BROMLEV UiYITED REFORMED CHURCH REPORT OF THE TRLSTELS for the )ear ended 31 Decernber 2023 Safeguardtng.. In accordan¢¢ with 8dvire from rhe URC. TNsLces undenook appropriate tsaining. Safeguardin¥ is a S¢andinu ileni at each mceiirtg $0 that atty issues and ¢on¢ems bc shared and follow¢d vp ds required. Usxlalcd GD( Praciice Ouidance M'as issucd by tlie URC iti Noi'ember 2023,. die Trustees allliripatcd revisillg and reissuiiig ihe local policics in accordance with this in e2rlJ 2024. Better liaison has to be estab115hed with the Bromley Homeless charity over safegllardikng matter5. Administration.. Our Administrdtor. a qualified Accountanl prepwre5 our accounts for Independent Exarnination and llOTTnally works paft lime four days per week-. also overseeing the day-t041ay nmning of the building. The Bookiiigs Officcr notmally WOTks three day5 per week and iherr were two Caretakers for most of the peTiix4 ¢overed by (h15 report. When the senior caretaker dcLidtd to rElire LN ihe autullm of ?023. the finat]ce5 for a replaceAient were not available. so hours have beeD adjusted and vulullictrs have also covcicd 50ffle se55ions. Tlus patLern is expected 10 conlinue in 2024. Even¢s.. 2023 saw th¢ revival of a small gardetl panv for church memberadhe[ents at thc liome of one of th¢ trustees and Iullch after d)¢ HaTresi Service on Sund&y 8th Ocrober. Page 3
BROMLEY UNITED REFORMED CHLIiCH REPORT OF THE TRtiSTEES for ¢h¢ ytgr ended 31 Detember 2023 ACHIEVEMENT AND PERFORMANCE Cbaritxblt Activities The Church Ouireach Progrdmme compTi5e5'. a) The so Project: worked with people who were homeless or those in vulllerable housillg situation5 and t1105e with learning ditTJtulLies, mentsl health issues or who had alcohol or drLLg addictions, as well as people living alone and sirnply wanting cornpaTy. Lunch had previously been provided on Mondav& Trwth a comvnunity café operating on Fridays. Now. the focus h&5 shified to include closer wOlg u'ith BTomley Homeless and Open Table. This is a Christian oiganisalion reaehitig ollt w the LGBTQIA+ comtnuTriiy with an acceoing. inclusive and safc place lo worship free from prejudice and siigma. This fits in with our mission lo offer &cceptance and illclusion to th05e wliD might be marginalised by others. A Thovthty fQTnTnunion SCTvi¢e was offered ihrou8hout ?023 but was not well attended.. it seenied that the chosen Sunday and mid-aftcrn(K>Th lin]e ¢oill¢ided with th21 of another, more widely accessible Opcn Table group in south London. ITh 2024. th¢ lime will change to be part of a motning scrvicc. Our continuin8 work with Bromley Homeless includes sUppl)ng Ihe fiance needed to put money the entrgy keys for those who, although not hoTVtle5s. weie in dcspcraie necd and Could nor afford (o heat iheir homes. We regisiered as Wann Spd¥e again during rhe winter of 2023. oIfeTillg pe()ple a healed space in whiLlJ to telax. We also provided tea nd coffee wiihoui charge io Ihose could noi affurd it thnJu4b Rhiannon's Cafc 15ce below). Both Bron)ley Borough Food Bdnk arml Brofflley Hornelc55 have Food Banks operathng fÉDm thc church.. we liave coniinued a Small Food Bak to provide food and personal hygiene products to those in need oli ihe 3 days of thc week wlicn neither of the other Food Bank5 are ai'ailable- Fridays. Saturdays aud Sllllda)'s. Sanitary pri)ducL8 are provided free of clwge in ihe main fetrdc toilcrs. b) Rhianmon's Café: thi5 Is a jOiTJI projeci with CANDI (Creative and NGJro-Ll"vetse Tniiovaiions}, a tommuniry interysi ¢ompaiiv which supports and encourages neutTH]ii'eT5e young people iii the workplace. It opened at the beginning of May and had at] offiLial opening in July 2023. wilh a railly bui su¢¢essfvl BBQ. The Courtyard garden w&s Lidied up specially by boili church and cafe 0]unle¢r$. SWO Project fimds undetwrote thc duCed p¥ic¢lfree ¢offee scheme and the firsi three months. frEe rental for CANDI. Ir offers a five day a 'eck communiry cafe. Seing freshly ade sandwicli¢s, baked trtoes, toast, c(bokic5 c(c. The ethos is aligned with thai of tlje church - "everyone will be w¢l¢om¢d and accepred into the cafe and we will do our besi to provide a watTn atld friendly cnvitomnent for all". The Cafe has bujli up a reglllar clientele and the cfforts of the neur¢Fdiverse voluniecrs, supponcd al some ses5ioiis by church volunteers are much appwiaied. c) Badmlnton Club ITue5dAy eveni& Wednesday mornlng): gUlar sessions continued, proi'idkng social 5UPPOrt and opporDJnity for gentle exeTCiSC L%scniial for g(M)d menial and physical hcalth. The club sUMed rnnming 2 popular Qu12 ntghts, donating profits to the fund5 for heAlsng improi'emen C(HJperatlon with e55enti415ervire5 g) Brotnle) Borough Food Bank (originally seeded by the TTU55ell Ttus¢l.' coniinued ¢0 operate from its dedicated accommodation in tht building on Tuesdayb and Thwsdajs. b) Bromley Homele5s- advice serYicc5 and practical supwrt continued to be offered five days a week and addttional SUPPOEt grDups wcr¢ set up. Th£ church preTlliies conrinue to bE a haTren in particularly difficuli time5 for those without slielier or warmth. The charity is pannered wilh the Bromley GP Alliance. th a Nu¥.sc PtaLtilJon¢r dn int¢grnl pan of the setvi¢¢, providing access to quality medical care and assisthDC¢ to Ihe most }lnerable. Tbe service lias won accolades fTOTn scveral award-giving bodt¢s. In the 5Utnrner of 2023. the trnan¢ left the churcl) flai lorigillally occupied by a car¢thk¢rl and Bromley Homeless Irusiees 4)proached the church and Southern Synod with plans to ¢onN'eri the flat inio a 5-bedroDrn emergtncy iemw)rdry accomm(xiaiion shelter, this will be sukxrK'ised.shart ierni aeconiniodatioll. the first step away froni 5treci homelessness. Planning p¢rniission has granted by BrotDley Council, and thc proccss has beguth lo pui a l¢as¢ in place with Ihe Synod for ?0 yeaT5. It is hoped that the shelter will be ready for the wint¢r ¢)f 2D24. The Tru5tee5 W15h t0 5UPPOrt this ptDjcct in ev¢ry ,Y possible and find ivays of overcoming prdciical difficultte5 ID the IT]teTadiQll between parts of the building. in5uran¢e impli¢atiD%Js 2tJd so on. The agreed rent of £1,070.00 per month 15 pall of ihe BTomley URC Chority income and will be ievised when the emergency ac¢on)ni(Klaiion is brouglit inio use. Page 4
BROMLEY UNITED REFORMED CHURCH REPORT OF THL TRUSTEES for Iht )'tar inded 31 De¢emb¢r 2023 FINANCIAL REVIEW FinaDel%l po$itiOD The year-end figures show H d¢ficii of £37.907 in unrtstrictcd funds and a sUrp1S of £17,899 in restTicled fiknds. giving a tal deficit at th¢ cnd of 2D23 of £20_008 compared io a deficii of £7,871 * the cnd of 2022. Cash balances at the end of 2023 are £102,992 in unresrricted fund5 and £44.776 in restricted fuiids. fotal cash balanecs ai tile end of tile year wtre £147,768. Analysis of quarterly balaD¢es demonsrraies that income and expenditure wete not at tlic dcsirtd break-even pornt. The tothl payment of £57.753 frotn the insurers for business inieTruption. received in 2021 and 2022 coiitiiiued 10 provide a ¢ash "cushion. for runnillg costs as income has Dot balanced with ¢xpenditur¢ throughout the year. ie Cliurch's fatI2[ posilioTJ and reserves policy is reviewd rcgularly by the Tnlet5. Predicted iiicome and expenditure for the yeaT to 31 December 2024 is very difficult to esiiinat¢ with lelliTrgs no¢ yct Trtumed to 2019 levels. although IhEre contillue to b¢ encouraging signs: this affects the ability Éo address fijrther major mainwiance work on other parts ofhcating and electrical sysiems alld Velux windows. The TtU5tees have sought advice on ihe mosr urgeni projects and Continue to cxplore fundraising and grani opportunities Lo ¢ov¢r whol will be signifjcant costs. sufficjl [erVeS will reTnain En place should il be necessary to wind up for any reason. THE FUTURE This r¢port reflects the position of the Church during the ycar 2023 which continued TO be challenged by ineome noi renwnirtg to pre-pandeujic levels together with higher fvel costs and gencral inflation. The conlinuation of wotship iogelher. includill8 th¢ celebraiioii of Holy Comniunion supports the small frllowship. widened to welcoFtLe the LGBTQIA+ commuiiity. Audio-visual equipmcnt allowed setViCCs be accessed by memtrtrs unable io attend thi'ougli physical infirmity, extending fellowship eyen fi)o&Er. 14se of theaiulldkng has ¢ontinued to in¢rca5e, especially after the completion of the he81ing works: we ttusi this 15 a goiM] sigh for the fuiure. Tiiiliauve5 such as Rhiannon's Cafe, Wan Welcamt and Bromley Homele55 CharitY5 plans for th¢ ¢onver5ion of Ihe flat to an tmerBrncy homeless shelter ar¢ posiiive, deinonstruliug coinrnitment io meeting dje nccds ofthe mosr llerable. Wiiere ?074 will ke Bromlcy URC is far frorn clear but the Trn$es and Elders. together wilh th¢ Minisi¢r, will covtinue to tske a wide. positive attlde and iniend to remain open in the service of G(xl anil of the Mmunity in contrdl Bromley. STRUCTURE, GOVERNANCE AI¥D MANAGEMLYT Governing documtnt The Charirv 15 controlled by its governing docwnen¢ a deed of trust and ¢onsi1w an UninCDTPOTated charity. Recrultment and #ppolniment of new trusttt5 The AGM in July 2022 approved d Tcviscd Constitution to re8ulans¢ tyvsiee apillnCnt% changes io formalise tlie ability lo hold rcmoie meetings if required again in fuwre and makc 5evetal other changes in line i1th currcllt practice and advice froTh the Uniied Rcformed Church. Appoiutments had complicd with the rEquirement of ihe Charity Cornmisslon following their gnnting of rhantable $13tus obrained on 19 Aptil 2010. regi5trarion number 1135594. Tliis revised consiiwtion follows the rnodel wliich allows for non<lder tyuslees to be appoinwd by ihe Church Meetiiig. Thc Charity ComTni55iON'S approval was granid ott l June 2023. All the mJste¢s remain willing to serve for the final year of rhe three-yedr terni approved at the AGM in 2022. The AGM next }earuill approve new Dustees or a further ihTee-yeai' tcmi for CtsTrent ttustee5. Pag¢ 5
ROMLEY UNITED REFORMED CHURCH REPORT OFTHE TRLSTEES for thc icar thdEd 31 Dttember 21111 STATEMENT OF TRUSTEE5' RESPONSIBILITIES The Irusl¢es are respoll5ible for prcpariT]g th¢ RcpDri ol the TrnstrEs and the financial sta*ments in 8¢cordan¢e with applicable law and United KiDgdom AccoulltÉn8 Stslldarth Iulliied Kingdom Gen¥ally Accepting Accounting Practice). The law &ppli¢able to chariues in England aTLd Il'ale& the ChariiLe5 Act 2011, Charity (Accounts and Rcport5) R¢gulat10Th5 2008 3lltt the pruvi%ions of ih¢ mjst dccd rcquires the Trustees to prepare financial staiernents for each fjnancial vear which brive a true and fair view of the sthie of affaiTS of the charity and of the sncoming resources and application of reS0rteS, incllldiijg the incorne and eKpenditure. of the charity for that period. In preparing these financial statemails, the Trnstecs are requtr¢d io.. 5el¢rt suitablc accounting rA)licies and then appty thern consis(cntly - observe the methods prirjciples in the ch]ry SORP - make judgements alld estitnates that are reasonable 3nd prudent prepdre the tinancial sratem¢n¢s on the going cowern b&sis unless it is inappropriaie 10 preSue that the chariry will continue in business. Tlie TrUSeS are responsible for keeping prow accountin¥ record5 which disclose with wta50nable accuracy at any iiine the flnancial position of the charity and to enoble them io ensure dial tlie financial statcmcnts comply witli the Charities A¢r 201 I, th¢ Chariry (Accounts and Reports) Regulations 2008 and the provisi¢m of the trnst d¢ed. Th¢y are also rcsponsible for safeguardirtg the assets of the chariry and hcllce for Liking reasonable steps for the prevention and deiectKon of fraud and other irregularities. Approved by t)Tder Df thr iK)ard of vwi¢¢s on ... . . and signed on its behalf by= Rev Dr E Colechin- Trusrec Page 6
1NDEpF.YDF.T F.XAMIliER'S REPORT TO THE TRLSTF.F.S OF BROMLEV LNITED RF.FOILMED LHLRCH ljjdcpendent exam1eT'S report to ihe trnstees of Bromley Unftcd Refornied Church I report io the chariry trnsteC. on my examinaiion of the a¢¢ounts of Bromley Untied Refomied Church (the Trnst) fDr tlie year ettdcd 3 L December 2023. ResponslbA]ities 2nd basis of report As the cliariry In]stees of the Trust you ar¢ r¢sponsibl¢ for the preparaiion of the accounts in accordan¢¢ with the requiremcnts of the Charities Act ?0 I l {'Ihe A¢¢J. I report in respEct of my examination of the Tnl'S accounts Caled ou( under Seciion 145 of the A¢t and in carrying oui my examination I hav¢ followed all applicable DiTeaions given by the ChaTity Comrnission under Secrion 145(511b) of the Act. IndEpeudent exarnlner'5 Statement I liave completed iny cxaTllLnatÈon. I confEmi thai no marerial mattcrs hai'e cotne io my attention in conne¢tion witli thc examinauon giving mc cause to believe that Èn any material re5PCCt'. ac¢ouniing records were not kepi in respect of Ihe Trnsr as rcquired by S¢ction 130 of the Act: or the accounts do not accord V4tih those records-. or the accounts do not compty with the applicable requirements concerning the fom) and contertt of accounts srt out in the Charilies (Accounts and Reports) RcgulatlOn5 2¢8 other than any requircjllcnt that the accounts give a truc and faÈrview which is noi a mailer considercd &% pan uf an JtLdep¢ndeni exwnination. I have no concerns and havc corne across no oth¢r matters in connectt(m with the examination to wliich atteTJtIOn should be drawn in this rcport in order to ettable a proper understanding of the accounts to be reaclied. Paul Allan Bsocsc FCA Bttringers LLP Chartered Accountants Lygon Flouse 50 Ltsndon Road BTomley K¢nt BRI 3RA Date.. Page 7
BROMLEY UNITED REFORMF.D CHURCH A TEhlEP¥T OF FIYAYCIAL ACTII'ITIES for the ye¥r ended 31 December 2023 2023 Total fund5 ?022 Total fillids Unr¢stri¢wi fund Rcsrricied fitttds Noie5 INCOME AND ENDOWMEL4rrs FROM Donations and legacies IOJ17 25.768 30,585 17,174 Other tTading artivities Ini'estmeni income Other ijicome 129.152 4,7011 (1245) 127.907 4.700 2.1100 113.480 2.626 32.216 Total 146.669 171.192 165.496 EXPEf4DITURE ON Charitable WctltieS Cost of church activities Minisw cosis 171500 6.219 40S 177.719 13505 148.449 13.532 Totgl 624 24 161.981 Nel gainsll1055esI OIL invebiments 111.3861 NET INCOMEI{EXPEi%DITURE) (37.907) 17.899 (20,IMI8) (7,871) RECONCILIA T10Tr4 OF FUNDS Toial fun brought foEu'ard 2j79 26077 287256 295.127 TOTAL FUNDS CARIUED FORWARD 222.472 44,776 267J48 287 256 The notcs forni part of these financial 5(atctllcnts Page 8
BROMLKY UNrrED REFORMED CHURCH BALAi%CE SHEET 31 December 2023 2023 Total funds 2022 Tolal fillids Unresirici¢d fi]nd Restrtclcd fimds Notes FIXED ASSETS Tangible a55ets Invcslmtnts 10 44,931 63.441 44,931 53,019 61,771 108J72 108J72 114.790 CURRENT ASSETS Debtors Cash at bank 12 2fj597 26597 147.768 17379 166.387 129589 44776 J74J65 183.766 CREDITORS A]nounts falling due within one year 13 (J5A89) 115A89) (11,3001 NET CURRENT ASSETS 114.101) 158 876 172.466 TOTAL ASSETS LESS CURREI LIABILITIES 222.472 44,776 267248 287.256 NET A&SETS 222.472 267.248 287,256 FUNDS Unrestricled funds Restricted fun(Ls 14 222,472 44.776 260.379 26,877 TOTAL FUNDS 267.248 287,256 The financial statem¢nls were approved by the Board of TneS and authorised for tssue On ..l.(rf..dMly...ZQ.L*... . and were signed on its behalf by". E Colcchin - TtU51ee The notes forni part of thcse flnancial aleenL5 Page 9
BROMLEY UNITED REFORMED CHLTICH OTES TO THE FI*ANCIAL STATEMENrs for the )¢ar ¢Nded 31 December 21123 AccouTrrriNG POLICIES Ba515 of prep%rlnE ihe financial st4iement5 The financial statements of the chaTtty, which is a publtc benefit entity uiidcr FRS 102. have been prepared in aceordaii¢e with the Charitics SORP (FRS 102) 'Accounting and Rcporting by Cliarities.. Statement of Recommended Practice applicable charities preparing Iheir in accordat]ce with the Financial Reponing Stsndard applicable in ihe UK arml Rq)ublic of Ireland (FRS 102) leffcciive l January 2019),, Finallcial Reptsrting %rand2rd 102 The Finan¢i&l Reporting Sthndard applicable in the UK and Republic of Ireland. and the Charities Act 2011. The financial ststements have been prepared under the histDrical cost Convention. with the excq)iion of inve51rnents which are in¢luded ai market value. as modified by the rcvalualiL)n vf cenain assets. Income All income is recognised in (he Slatemeni of Financial Actt&-itie5 once the charity ha5 entitleTnent to thc funds. it is probable that the incorne will be ieceivcd and the amouni Can be measured r¢liably. ExPendIre Thc URC MÉnisty & Nli5sion Fulld contribuiiort is paid r¢gularly atjd is included in the financial Statements for the year 10 which li relaLes. Resources expended aTe included in lhc S&trm¢nt of Financial Aciiviii¢s on ali dccrua15 ba5C5. INcIu5ive of any VAT. and are re¢ogTris¢d as soon &s there is a legal or ¢onstN¢tive obligation committing the d)arity to that expenditttre. it is probable that a transfer of cconornic bcncfits will be required in sertlemenl and the amoutLt of th¢ obligauoll be Enea5ured reliably. Expendiwre which 15 dirtctly aLtribut8ble to specific activitits has bEEn included iii thcsc cost caie8orie5. Costs have been allocated to %pccific dtparnnenrs based on iheii specific releK'ance 10 The church as a whole (generdl) or as outlined by restricted fjmd Tequiremtrits. Tangible fiAtd 4Wts Depr¢ciation is provided ai the followiT]g annllal rates in order io write off each asset over ils estimated usefijl Plant Tnachtnery 2(P/D on reducing balance Txxatlon The charity 15 exempt from tsx on its charitable activities. Fund accouniing Unr¢slrici¢d funds used in acC(danCe with the charitable objeclives at the discretion of the ttustees. Resiricied fid5 can only be used for pJrncular r¢stria¢d pulse5 within the objec(5 of the cliarity. Restrictions arise vthen specifled by the donor or whcn funds are raised for particular resiricted purposes. It was deeided thai as the vostibule rneets the 501K) ProjecL objectives. some of the c05t5 should. apportioned to the 5000 Proje¢i on tlle basis of the floor area of the vestibulc a5 a pcrcentsge of the building area I Further explanation ofthe and Purpose of each fund is Includrd Jn the rtotrs to thc financial statements. PE115iori t05ts aDd other p05t-retirement btnefits The charity operaies a deflned conwibuiion pcn5ion scheme. ContributlOll5 payabl¢ io ihe charity's pension schwme are charged to the Statemeni of Financial Aciivities in the period to which ihey rellie. Investments Fixed a55ei investments arc slat¢d at mid marka vaC at the FAlance sheet date. All investmcnts arc UK bascd. Page 10 continucd...
BROMLEY UNITED REFORMED CHURCH NOTES TO THE FIYAYCIAL STATEMENTS- continued for tlte year ¢nded 31 Deeember 2013 DONATJONS A'D LEGACIES 2023 2022 Donatioiis Gift aid Legacies 34.994 1,591 10,480 1.694 5.000 36 17,174 OTHER TRADING ACTIVITIES 2023 2022 Rents received Catering & c2fe 127,460 447 11?,516 964 127.907 113,480 INVEsfMENT INCOME 2023 2022 Other fjxcd as5¢t invt5t- Fll Deposit accol1 inicrcsi 2.850 1,850 515 4.700 2,626 CILiRITABLE AcfiviTIES cosrs Supwrt costs (see Direc¢ Cos 6) Totals Cost of church activiiies Ministcr costs 32,4711 13.505 145J41 177.719 13,505 4S.983 145.241 191.224 SUPPORT COSTS Carelakin8 Other2 Governance Totals C05t of church activities 43.882 86239 11,969 145.241 Pagcll coniiniicd...
BROMLEY UNITED RF.FORMED CHURCH NOTLS TO THE FIP*A%CI.4L STATEhlENTS- continued r•r the year ended 31 December 21123 SUPPORT COSTS- Cotinued Support costs. IA¢ludcd in the above. are as follows.. 2f123 Cosr of church actLVities 2022 Totsl activitie WagG5 Rai¢s and water IrLsiiratiLC 45,ll 6,189 7,642 29,203 31,972 11,233 3,849 3,436 lJ33 3J51 3.151 41,6tK) 3,679 5,967 29.164 12,038 13.255 2,737 Light and heal Repairs & maillienance Depreciaiion of tangible fixed as[$ Cleaning olte expenses. postsge & 5ts1ionery Telephone & iniernet Le¥al fees & sub5CTiplions Indnd¢i examitter 2578 3.718 3.OIKI 145 120953 TRUSTEES, REMUNERATIOIY AND BENEFs Tliere were no tNsiees' remuneration or other benefits for the year ended 31 Deeember 2023 nor for the year ¢nded 31 Decernber 2022. Trustees. expenses Thcre were no rnLSt¢es' cxpeiises paid for the year ended 31 Dccemb¢r2023 nor for the year ended 31 Decernber 2022. STAFF COSTS The averdg¢ monthly nurnber of employees duTing Ihe year was as follows.. 2023 2022 Administraiion Caretsker5 No employees received emoluments in exeess of £60,IMM). Pag¢ 12 Coniinued...
BROMLEY UNITED REFORMED CHURCH NOTES TO THE FifAiiCIAL STATEMENTS- eoniiDlled ror th¢ jear ended 31 De¢tber 2023 COMPARATIVES FOR THE STATE11T OF FINAfCtAL AcrtVlTIES UtJr&%tricted fund Restricicd nds Tothl fidS IYCOME AND EI)DOWMENTS FROM Donations and legacies 11.406 5,768 17,174 Other trading activitres Investment income Other income 113.480 2,626 13.235 113.480 2,626 32.216 18.981 Total 140.747 24.749 165,496 EXPENDITURE ON Charitable activitles Cos1 of church a¢iivitiL* Minister costs 148,449 13,532 148.449 13.532 Total 161.981 161.981 Nei 8aitJ&llloss¢s} r)n invcs¢m¢nts 11.386) 11.3861 NET INCOME1IEXPEDbRE) Tr4D$fers behvttn fud5 (32,6201 18.981 24,749 18.981 17,8711 Net movement In fvtsd5 (13,639} i.768 (7.871) RECONCILIATION OF FUNDS Toial tsnds brought forward 274.018 21,109 295.127 TOTAL FUNDS CARIUED FORWARD 260J79 26.877 287 10. TANGIBLE FIXED ASSETS Plani and machinery COST Ai l January 2023 Additions 116,070 Ai 31 Decembcr 2023 119215 DEPRECIATION Ai l January 2023 CharEC for ycar 63051 11.233 At 31 DeceTnber 2023 74.284 r4ET BOOK VALUE Ai 31 Dcccmbcr 2023 At 31 Dccernbcr 2022 53.019 Page 13 continued...
BROMLEY UNITED REFORMF.D CHURCH N(yrES TO THE FINAfiCIAL STATEMENTS- coniinued for the yr ended 31 December 2023 FIXED ASSET ITUsTME1yTs Libted illvesiTnaits MARKET VALUE Ai l January 2023 Additions Disposals ReTralualions 61,771 12200 IIOJ54) 24 Ai 31 Dcccmbtt 2023 63.441 I¥ET BOOK VALUE At 31 Dcccmber 2023 Ai 31 Deccmbcr 2022 61,771 There were no investsnent assets outside the UK. C05t or valuation at 31 December 2023 is TEpresented by: Lasted investments Valua¢ion in 2022 Valuation in 2023 61,771 63,441 12. DEBTORS: AMI OUNTS FALLIYG DUE WITHIN ONE YEAR 21ll3 2022 Trdde debiors Oth¢r debtors 12,628 13,969 5,420 11.959 26597 17,379 Page 14 coniinued.-
BROMLEY UNITED REFORMED CHURCH NOTES TO THE FtNA)CIAL STATEMENTS- eondnlled for ihe vear ended 31 De¢tmbcr 2023 13. CREDITORS: Amouwfs FALL1Tr4G DUE WITHIY ONE YEAR 2023 2022 Trade creditor5 Other creditors 4276 13.213 1.275 0.025 IS489 14. MOVEMENT IN FUNDS et Transfers between nds movement in fund5 At 31.12.23 Ai 1.1.23 UArestrltted fuffids General furld 260J79 (377) 222872 Resirfcted fud5 Communion & special collectiDHS 5(M)O Project Shower fi]nd 701 2&iMJ6 170 701 44.075 17W9 17D 277 17 TOTAL FUNDS 287.256 267 248 Nei movement in funds, included in the above as follows= Inming rc50urce5 Re50urcc5 expended Gains and losses Mov¢rnent in thnds Unres¢ri¢ted funds General nd 14I669 (l84th) 24 (37gL17) Restricted fund5 5000 Project 2423 (6.624) 17.899 TOTAL FUNDS 171,192 (191.224) 24 (20,008) Pag¢ 15 oniinued...
BROMLEY UNITED REFORMED CHURCH NOTFS TO THE FIYAliCIAL STATEMENTS- tontinued for the year ended 31 Dceember 2023 J4. MOVEMLNT IN FUNDS- contied Comp%rAtlves for movetllent in funds Net movement in fitnds Transfers between funds Ai 1.1.22 31.12.22 Unrestricted funds G¢neral fid 274.018 (32.6201 18.981 260.379 Re5tTieied fumds Communion & Sla1 wllectio]]5 5000 Project Sliow¢r fid Boiler Teplatement fund 701 20238 170 701 26.0( 170 5.768 18.981 18.981} 21.109 24.749 18,9811 26.877 TOTAL FUNDS 295.127 287.256 CoJnpar2tivc nct Jnovement in funds. included iti the above are as follow5.' Incoming Resourees resowres expended Gains and 105ses MovemenL in fund5 Unrestrieted funds General fund 140.747 1161.981) 111.386) 132.6201 Restricted funds 5(N)O Proieci Boiler replacement fund 5.768 18.981 5.768 24.749 TOTAL FUI¥DS 165.496 (161.981) 11 386) 7,871) The church accounts include four r¢51ricied fund& where the monies can only be used for the specific pUoSe for which they are enintsied io the church. Thtse monies are not at the disposal of the cliurch for any oth¢r purp)se. and repSent.. i} Communion and special ¢olle¢tions- received and paid out to appDinted rccipiEnts. li) 5000 Projeci which is 4Ln outreach ptDjc¢t 5upptyirtg nica]s and shelter 10 hotnclL*S and vulnerable adul in Bromley. iii) Shower fvnd- used for the provision of shower facilitics. During the year. this fund was closed and the balance transferred ty the 51M)O Project. {ivl Boiler replacement nd- the grani ivas solely iowards the new boiler. alld once thr bojler replatemtnt was e(rtnpleted ihere We no further r&srrictions. CommuTrion and special collcctlons 2023 2022 SOFA Brought forwwd balance 701 701 Donations Donaiions passed on 701 701 RepresentrJ by.. Pag¢ 16 coniinucd...
BROMLEY UNITED REFORMED CHURCH NOTES TO THE FIf*AliCIAL STATEMEliTS- conrfnued for the )e#r cnde4131 Dtc¢mbtr 2023 14. MOVEMEYf IN FUNDS- continued Cash held at bank 701 701 50110 Projett15ee details beloThl 2U23 2022 SOFA Brought forward balance 26,0116 24.523 16,6241 170 20.238 5,768 Income Cosrs Transfer 44.075 26.006 Repre5enied by-. C&sh held ai bauk 26.006 44.075 26.006 2D23 2022 In¢ome t)onalions Fundraising Mea15 & 5helier Rents received 25.768 5.768 1.24S) 24J23 5.768 Expendlture Weekly llieal Grdnts payable Rcpaits to Equipinent Office expenses Other (1285) 150) 1954) 1103) 624) Shower fund {5tt det%ll5 beloTh) 2023 2022 SOFA Brought forward balance 1711 170 Income CDSts Transfer 1701 170 Reprcsenled by: Cash held at bank 170 Page 17 conii]]ued...
BROMLEY UNITED REFORNIED CHURCH NOTES TO THE FINAliCIAL STATEMEPrS- continued for the }'e8r ended 31 Dernher 2D23 15. RELATED PARTY DISCLOSURES There werc no rcl&tcd tTan5aclions for the ycar ell 31 December 2023. PagE 18
BROMLEY uryrrED REFORMED CHURCH DETAILED STATEMEN'T OF FIPIAN'CIAL ACTIVITIES for the )ear tded 31 Decernb¢r 2023 202i Tota] lunds 2022 rorai rullds Unrestricted funds Rc5tricted fill)ds INCOME AP4D ENDOWMENTS DonatioD5 and legacl¢s Donations Gift aid Legacies 9.226 25.768 34,994 1,591 10.480 1.694 5.0(X) IDJ17 2S,768 36.585 17.174 Other trading activities R¢nts rec¢iv¢d Caiering & Cafe 12&705 447 {1.245 127.460 447 112.516 964 129.152 11345) 127.907 113,480 Investrnent Income Other fixed a55et invest- FII Depoajl account inlere 2,8SD 2.850 2.111 515 4,7110 4,71N 2.626 Other income GTant5 Insuran¢¢ proceeds 2.IIIMI 2.OlW) 24.053 8.163 2.iKIO 32.216 Total Incorning rawur¢es 146.069 24523 171,192 165,496 EXPENDITURE Cbarltable ActiTritie5 Wages Pensions BaDk char8es URC Ministry & MJ&%ion Fuiid Grdnts to individuals Sthff re¢TuiLneni & Irain4ng Meals & 51ielt¢r Chur¢h music Bad debts Minister costs 2fi678 1.415 61 9J94 431 38 61 31J6 27.109 1,453 122 10.200 25.524 1.250 159 102(MJ 89 287 333 75 1221) 3.332 73 75 1,285 2,370 14 3.305 1285 2J70 14 99 43.711 2272 45.983 41,028 Support Costs Carrfaklng Wages 4U66 lJ16 43.882 41,6DO This page does noi forni pan of the stawrory financial ststcrnents Page 19
BROMLEY UNITED REFORMED CHURCH DETAILED STATF.,MTr.ThT OTr Tr-1Tr4AJ'CIAL ACTIVITIES for thc )'car ended 31 December 2023 2023 rotal fijnds 2022 Total fidS Unresth¢i¢d Funds Rcstricied funds Othtr Rates )d water Insuran¢¢ Lighi and heat Rcpairs & rnainien8n¢e Plani and macliillery 6,IM)3 7A13 28J27 31.018 10,896 6.189 7.642 19.2113 31.972 11.233 3.679 5.967 29,164 12.038 13.255 229 876 954 337 83.657 2582 86.239 64.103 Other 2 Cleaning Office expcnses, postage & sthiionery Telephone & iHterne( Legal fees & subs¢ripiions 3,734 3J33 1293 3.849 3.436 1.333 3.351 2,737 3217 2.578 3.718 103 40 11.610 3S9 11.969 12,250 Governance Independent examiner 3.056 95 3.000 Total resourc¢5 expended 184.61M) 624 191224 161.981 P4et income before gal5 Ios5e5 (37.931) 17,899 120.032) 3.515 Realls¢d r¢cognised galns and losses Realised gains,'{losses) ull re assei invesmeTJiS 114 12.037) Net Ineome 17 20,146 1.478 This page docs not fomi part ol(be siawiory financial statetnents Page 20