## **BROMLEY TOWN CHURCH CIO**
**ANNUAL REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2021**
**Registered Charity Number: 1157361**
**----- Start of picture text -----**
REPORTING ACCOUNTANTS
JAMES WRIGHT & CO
CHARTERED CERTIFIED
ACCOUNTANTS
5 WHYTECLIFFE ROAD SOUTH
PURLEY
SURREY CR8 2AY
**----- End of picture text -----**
## **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:
- Worshipping Him wholeheartedly together
- Introducing people to Him so they can join His family
- Discipling people to become like Jesus so they can reach their God-given potential
- Equipping, encouraging, and empowering people for their ministry in the Church and mission in life.
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:
- Select suitable accounting policies and then apply them consistently;
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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:
- examine the accounts (under section 43(3)(a) of the 1993 Act);
- to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43(7)(b) of the 1993 Act); and
- to state whether particular matters have come to my attention.
## **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
- to keep accounting records in accordance with section 41 of the 1993 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act and the regulations made thereunder
- have not been met; or
- (2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
…………………………………… 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**
- Unrestricted funds represent funds of the Church that are not subject to any restrictions regarding their use and are available for application on the general purpose of the church.
- Restricted funds represent funds of the Church that were received with restrictions so that use can only be made for the purposes stated and compromise specific gifts and donations received for distribution to specified third parties.
## **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