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2021-03-31-accounts

BROMLEY TOWN CHURCH CIO

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

Registered Charity Number: 1157361

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REPORTING ACCOUNTANTS
JAMES WRIGHT & CO
CHARTERED CERTIFIED
ACCOUNTANTS
5 WHYTECLIFFE ROAD SOUTH
PURLEY
SURREY CR8 2AY
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Bromley Town Church

Financial Statements

Year Ended 31 March 2021

Contents Page
Legal And Administrative Information 2
Trustees’ Report 3-6
Independent Examiner’s Report 7
Income and Expenditure Account and
Statement of Financial Activities 8
Balance Sheet 9
Notes and Accounting Policies 10-14

1

Bromley Town Church

Legal and Administrative Information

Year Ended 31 March 2021

Name of Charity: Bromley Town Church Bromley Town Church
Charity Registration Number: 1157361
Church Address: 2 Ethelbert Road
Bromley
Kent
BR1 1JA
Elders: J S McGill
C A Horner
Kevin Aldridge
Jonathan McGill (Chairman)
John Akinjewi
Nana Bello
Daniel Woodrow
Claire McCann (Secretary)
Bankers: HSBC Bank plc
141 High Street
Beckenham
Kent
BR3 1BX
Accountants: James Wright & Co
Chartered Certified Accountants
5 Whytecliffe Road South
Purley
Surrey
CR8 2AY

2

Bromley Town Church Trustees’ Report Year Ended 31 March 2021

The Trustees of Bromley Town Church submit their report and the accounts of the Charitable Incorporated Organisation (CIO) Trust for the year ended 31 March 2021.

Structure, Governance and Management

The Trust is required to have five Trustees and the Trustees who held office during the year are listed below:

Trustees serve a fixed term of office, after which they will stand down although a Trustee can then be re-elected or replaced according to the process laid out in the CIO constitution.

Clare McCann Secretary Jonathan McGill Chairman John Akinjewi Nana Bello Daniel Woodrow

The Spiritual Leadership of Bromley Town Church have the power under the Trust Deed to appoint and remove Trustees. The Spiritual Leadership of the Church throughout the year were:

Jonathan McGill Clive Horner Kevin Aldridge

Objectives and Activities

BTC Vision

We are a growing church family who by the power of the Holy Spirit seek to be followers of Jesus Christ; to be set apart for God, to love Him wholeheartedly and to love our neighbours by bringing justice, mercy, hope and new life.

We are growing in faith together.

BTC Core Values

We aim as a Church to glorify God by:

The Church meets on Sundays and during the week at 2 Ethelbert Road, Bromley.

At present in the Church there are some 140 regular attenders, including those teenagers who are part of the life group structure in the Church. The Church is a very diverse with members and regular attenders from many different cultures and backgrounds. Much of the year has been spent undertaking Alpha courses and serving the community.

3

Bromley Town Church Trustees’ Report (continued) Year Ended 31 March 2021

Public Benefit Statement

As already mentioned, the values and aims of Bromley Town Church are about equipping members, worshipping God and discipling people in Christian teaching and action. Much of our action however is focused outward and our work in not exclusive to the members only but open to the wider community. These activities include our weekly toddlers club and the regular youth drop-in. Our premises are also used by outside organisations who serve the wider community including the Macular Society, U3A, Kent Association for the Blind and the Safer Neighbourhood initiative. Over the 2020 period we have continued to serve the Rough Sleepers and needy in the town with a twice monthly meal. As a Church, again in 2020 we have also supported the Churches Together Night Shelter initiative for Rough Sleepers over the winter period.

Financial Review

Financially the Trust is stable and our giving (ignoring special one-off donations) has been constant over the last year. During this period our Trust remained on an even financial footing.

Our cash reserves as at 31 March 2021 were approximately £80,000.

Reserves Policy

It is the policy of the Trustees to maintain the net current assets in unrestricted funds, which are the free reserves of the Church, at a level at least equivalent to three months expenditure.

Risk Policy

The Trustees have continued with the systematic risk assessment in financial, statutory, legal and operational areas. A child protection officer has been appointed and the safeguarding policy reviewed and approved.

Statement of Trustees’ Responsibilities

Law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the Trustees should follow best practice and:

4

Bromley Town Church Trustees’ Report (continued) Year Ended 31 March 2021

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the financial statements comply with applicable law, regulations and trust deed).

They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The financial statements comply with statutory requirements, the governing document and the statement of Recommended Practice (SORP 2005).

Achievements and Performance

During the period of this report the country has experiences the Covid 19 pandemic and this has significantly affected the work in the church and charity. Our services were affected and we were unable to meet live in the building for a part of the year. Services were pre-recorded and broadcast over YouTube on the Church channel. Later in the year we installed live streaming technology to be able to live stream our services to those of the congregation who were staying at home.

During the year, the Church has had four full or part time basis paid staff plus several volunteers.

We have continued to serve the community via use of the building by local organisations such as the Macular, Safer Neighbourhood and the Kent Association for the Blind. During this Covid 19 season these events have been closed.

The Church continued with many successful activities that serve our objectives such as weekly Services, BTC Kids, Youth events, Alpha and social events and these have been held online via zoom.

We have a significant connection with and receive spiritual support from the members of Focal Point Church in Florida under the leadership of Mark Daniel.

During this year we have held two Alpha courses on zoom and a premarriage course for couples about to get married. Both courses were attended from within and outside the Church.

In early 2011, the local authority issued a Bromley Town Centre development consultation plan that indicated the future possibility of the Bromley Town Church building being compulsory purchased. The local authority has continued to pursue the plans to redevelop this site and have appointed Countryside Developments to see to build 410 plus properties on the 3-acre site that the Bromley Town Church building forms part of. The local council has indicated that they would like to include the Church as part of this scheme and we remain in discussions with them over this option. We are also pursuing alternative site options for either permanent or temporary housing.

We are awaiting the approval of the scheme by the council and the outcome of the compulsory purchase inquiry. The scheme continues to be delayed but we believe that we may still be leaving our current premises within the next 3 years.

5

Bromley Town Church Trustees’ Report (continued) Year Ended 31 March 2021

Approved by the Trustees and signed on their behalf by: ……………………...

Jonathan McGill Chairman of Trustees

Date: …………………….

6

Independent Examiner's Report To The Trustees Of Bromley Town Church

Report on the accounts of the Trust for the period 1[st] April 2020 to 31[st] March 2021, which are set out on pages 8 to 14.

This report is made solely to the Trustees in accordance with Sections 43 and 44 of the Charities Act 1993. My work has been undertaken so that I might state to the Charity’s Trustees those matters I am required to state to them in an Independent Examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees for my examination work.

Respective responsibilities of Trustees and Examiner

The Charity’s Trustees are responsible for the preparation of the accounts. They consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is needed.

It is my responsibility to:

Basis of Independent Examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Opinion

In connection with our examination, no matter has come to our attention:

(1) Which gives me reasonable cause to believe that in any material respect the requirements

…………………………………… James Wright-Anderson FCCA Chartered Certified Accountant

James Wright & Co 5 Whytecliffe Road South Purley, Surrey , CR8 2AY

12th July 2021

7

Bromley Town Church Income and Expenditure Account and Statement of Financial Activities Year Ended 31 March 2021

Note
Income and Expenditure
Incoming resources
Voluntary income
Hall hire
Bank interest receivable
Incoming resources from
charitable activities
2
Total Incoming Resources
Resources Expended
4
Charitable activities
4
Governance costs
Total Resources Expended
Net movement in funds
Total funds brought forward
Funds Transferred from
BTC
Total Funds Carried
Forward		 Total
2021
£
176,848
120
92
177,060
1,787
178,847

148,480

1,296
149,776
29,071
591,458
-
620,529		 Total
2020
£
169,255
3,324
73
172,652
11,632
184,284
164,007
1,296
165,303
18,981
572,477
-
591,458

There are no recognised gains or losses in 2021 other than the result for the year.

All activities derive from continuing operations.

8

Bromley Town Church Balance Sheet as at 31 March 2021


Note
Fixed Assets
Tangible Assets
6
Current Assets
Debtors
7
Cash at bank and in hand
Creditors- Amounts falling
due within one year
8
Net Current Assets
Total Assets less Current
Liabilities
Creditors – Amounts due after
more than one year
Net Assets
Funds of the charity
9
Unrestricted funds
Restricted funds
Total funds		 £
31,043
83,780		 2021
£
515,859
104,670		 £
30,368
52,527		 2020
£
512,781
78,677
114,823
10,153		 82,895
4,218
620,529
-		 591,458
-
-
620,529 591,458
620,529
-		 591,458
-
620,529 591,458

Approved by the Trustees and signed on their behalf by:

……………………………..

Clive Horner – Trustee

……………………………

Date

The notes on pages 9 to 13 form part of these financial statements.

9

Bromley Town Centre Notes and Accounting Policies Year Ended 31 March 2021

1. Accounting Policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.

a) Basis of Accounting

These financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP 2005) and the Financial Reporting Standard for Smaller Entities (effective January 2005).

b) Funds

c) Incoming resources

Offerings and donations, including those under gift aid, are recognised when received. Income tax on gift aid donations is recognised when the related income is recognised. Rent from the hire of the Church premises is recognised when the rent is due. Interest and other income are recognised when received.

d) Resources used

Grants and donations are accounted for when paid. Expenses are accounted for on an accruals basis.

e) Fixed Assets

Tangible fixed assets are recorded at cost. No depreciation is provided on the land and buildings because the Trustees consider the useful life of the building will be in excess of 50 years and it will have a high residual value. The building is regularly maintained. Provision will be made should an annual impairment review show that a permanent diminution in value of the building has occurred.

Equipment, fixtures and fittings are depreciated at 20% per annum on a reducing balance basis. Computer equipment is depreciated at 33 1/3% on a reducing balance basis.

Fixed Assets below £200 are not capitalised.

f) Pension Scheme

The Church makes contributions to a defined contribution pension scheme, the assets of the scheme being held separately from the assets of the Charity. The pension cost charge represents contributions payable to the scheme. The Church’s liability is limited to the amount of the contributions.

10

Bromley Town Church Notes and Accounting Policies (continued) Year Ended 31 March 2021

2. Incoming Resources – Other Incoming Resources (General Fund)

Curry Union
Book Income
Allsorts
Kids Church
Youth Work
Women’s Work
Other		 Total
2021
Total
2020
£
£
15
0
2,005
45
390
958
0
500
0
430
0
0
1,382
7,694
1,787
11,632

3. Grants There were no Grants or Donations in excess of £1,500 presented to Bromley Town Church during the year.

4.
Total Resources Expended
Item Description
Direct Costs
Salaries - Pastoral
- Other Staff
- Other Fees
Employer’s National Insurance Contributions
Pension Contributions
Courses and Conferences
Giving
Mission Giving
Prosper (men’s activities)
Inspire (women’s activities)
Allsorts (mums and toddler’s group)
Alpha
Kids Church
Youth Work
Freedom Weekends
Outreach
Workshop Resources
Curry Union
Other Events
Worship Resources
Hospitality
Printing & Stationery
Telephone
Love Bromley
Subscriptions
Live Streaming
Focal Point Church
Professional Fees		 Total
2021
Total
2020
£
£
42,851
42,011

46,009
4,150
47,275
-
4,277
4,956
3,156
2,723
-
105
4,351
1,025
6,506
-
-
17
-
279
107
1,285
48
169
-
1,001
128
-
44
2,094
-
178
-
478
-
1,316
6
283
26
1,227
244
1,592
2,165
5,266
942
2,568
-
253
334
6,606
2,862
-
-
6,158
516
807
117,119
131,273

11

Bromley Town Church Notes and Accounting Policies (continued) Year Ended 31 March 2021

4. Resources Expended (continued)

Item Description
Support Costs
Building Renovations
Insurance
Repairs and Maintenance
Cleaning and Waste Collection
Light & Heat
Water Rates
Office and General Expenses
Bank & Credit Card Charges
Depreciation
Training
Computer Software & Consumables
Reviving Nations
TOTAL
Governance Costs
Independent Examiner’s Fee
Trustees’ Indemnity Insurance		 2021
2020
£
42
£
-
2,278
2,297
3,967
2,293
322
2,259
6,019
5,250
524
515
2,315
13,836
385
1,487
4,888
-
3,944
74
4,618
6003
778
-
31,361
29,561
148,480
164,007
2021
2020
£
£
1,296
1.296
-
-
1296
1,296

5. Staff Costs

Salaries include remuneration paid to the senior pastor who is also a Trustee. The staff costs were:

Salaries
Social Security Costs
Pension Contributions		 2021
2020
£
£
88,860
89,286
4,277
4,956
3,156
2,723
96,293
96,965

No employee earned more than £60,000 in the year.

The average weekly number of employees during the year was made up as follows:-

Pastoral
Support		 2021
2020
No.
No.
2
2
2
2
4
4

The church also enjoyed the benefits of volunteers working in a variety of jobs. The Church contributes to a personal pension plan for one employee. Contributions are charged to the accounts as incurred and there were no outstanding contributions at the balance sheet date.

12

Bromley Town Church Notes and Accounting Policies (continued) Year Ended 31 March 2021

6. Tangible Fixed Assets

Tangible fixed assets comprised:

Cost
At 1 April 2020
Additions
Disposals
At 31 March 2021
Depreciation
At 1 April 2020
Charge for year
Disposals
At 31 March 2021
Net Book Value
At 31 March 2021
At 31 March 2020		 Freehold
Property
Church
Equipment,
Fixtures and
Fittings
Total
£
£
£
499,072
102,669
601,740
-
-
7,966
-
7,966
-
499,072
110,634
609,706
-
88,960
88,960
-
-
4,888
-
4,888
-
-
93,848
93,848
499,072
16,787
515,859
499,072
13,709
**512,781 **

The Trustees are unable to quantify the difference between the carrying value and market value of the freehold property. A professional valuation would be required and they believe the costs involved would not be the correct use of the Charity’s resources.

7. Debtors

Debtors comprised amounts falling due within one year as follows:

Gift aid recoverable
Salaries Control
Prepayments		 2021
2020
£
£
29,203
28,395
-
-
1,840
1,973
31,043
30,368

13

Bromley Town Church Notes and Accounting Policies (continued) Year Ended 31 March 2021

8. Creditors: Amounts falling due within one year

Creditors comprised amounts falling due within one year as follows:

Other Creditors
Accruals
Taxation & National Insurance		 2021
£
930
1,296

7,927		 2020
£
702
1,296
2,219
10,153 4,217

9. Funds of the charity

Unrestricted Funds Brought Forward
Surplus/Deficit for the Year
Total Unrestricted Funds at End of Year		 2021
2020
£
£
591,458
29,071
572,477
18,981
620,529
591,458

10. Trustees

The senior pastor and trustee received approved remuneration during the year.

The Trustees have an indemnity insurance policy included in the Church Connect policy.

11 . Restricted Funds

There were no restricted funds during the period 1[st] April 2020 to 31[st] March 2021.

14