2022-03-31-accounts - Bromley Town Church

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

BROMLEY TOWN CHURCH CIO

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

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 2022

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

Bromley Town Church

Legal and Administrative Information

Year Ended 31 March 2022

Name of Charity:	Bromley Town Church
Charity Registration Number:	1157361
Church Address:	2 Ethelbert Road
	Bromley
	Kent
	BR1 1JA
Elders:	Jonathan McGill – Senior Pastor
	Kevin Aldridge
	Yomi Bello
Trustees	Clive Horner – Chairman
	Clare McCann – Secretary
	Dan Woodrow
	John Akinjewi
	Nana Bello
	Gushan Hussain
	Jonathan McGill – retired in Oct 21.
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

Bromley Town Church Trustees’ Report Year Ended 31 March 2022

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 2022

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 Clive Horner Chairman Dan Woodrow John Akinjewi Nana Bello Gushan Hussain Jonathan McGill Retired

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 Kevin Aldridge Yomi Bello

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.

Bromley Town Church Trustees’ Report (Continued) Year Ended 31 March 2022

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.

Public Benefit Statement

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, Kent Association for the Blind, Christian Against Poverty and the Safer Neighbourhood initiative.

As a Church, again in 2021 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 stable over the last year. During this period our Trust remained on a stable financial footing.

Our cash reserves as at the 31st March 2022 were approximately £100,000

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 Trustee should follow best practice and:

Select suitable accounting policies and then apply them consistently.
Make judgements and estimates that are reasonable and prudent.

Bromley Town Church Trustees’ Report (Continued) Year Ended 31 March 2022

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.

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 experienced the Covid 19 pandemic, and this has significantly affected the work in the church and charity. Services were pre-recorded and broadcast over YouTube on the Church channel. We have continued to stream live our services to those of the congregation who were staying at home and others across the country.

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 Covid19 season these events were closed but reopened during this year.

The Church continued with many successful activities that serve our objectives such as weekly Services, BTC Kids, Youth events and social events and some of these have been held online via zoom. We have periods of prayer and fasting during the year.

Bromley Town Church has strong links with other Bromley churches, and we are particularly connected to the Transform Bromley Borough which is a group of some 50 plus churches in the borough who are connected for shared mission, Ther initiatives include Christian Against Poverty, and Hope into Action which provides housing for the homeless.

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 a premarriage course for a couple about to get married.

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

Bromley Town Church Trustees’ Report (Continued) Year Ended 31 March 2022

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.

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

Date

Chairman of Trustees

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

Report on the accounts of the Trust for the period 1[st] April 2021 to 31[st] March 2022, 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

28th July 2022

Bromley Town Church Income and Expenditure Account and Statement of Financial Activities Year Ended 31 March 2022

Note Income and Expenditure Incoming resources Voluntary income Hall hire Bank interest receivable Incoming resources from charitable activities 2 Total Incoming Resources Resources Expended Charitable activities Governance costs Total Resources Expended 4 Net movement in funds Total funds brought forward Funds Transferred from BTC Total Funds Carried Forward	Total 2022 £ 171,573 1,419 37 173,029 2,566 175,595 163,457 1,296 164,753 10,842 620,529 - 631,371	Total 2021 £ 176,848 120 92
		177.060 1,787
		178,847
		148,480 1,296
		149,776
		29,071 591,458 - 620,529

There are no recognised gains or losses in 2022 other than the result for the year.

All activities derive from continuing operations.

Bromley Town Church Balance Sheet as at 31 March 2022

£ 27,300 98,688	2022 £ 513,764 117,607	£ 31,043 83,780	2021 £ 515,859 104,670
125,988 8,381		114,823 10,153

	631,371 -		620,529 -
	631,371		620,529
	631,371 - 631,371		620,529 - 620,529

Approved by the Trustees and signed on their behalf by:

…………………………….. Clive Horner – Trustee

……………………………

Date

The notes on pages 10 to 13 form part of these financial statements.

Bromley Town Centre Notes and Accounting Policies Year Ended 31 March 2022

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.

Bromley Town Church Notes and Accounting Policies (continued) Year Ended 31 March 2022

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

Curry Union Allsorts Other	Total 2022 Total 2021 £ £ 0 0 15 390 2,566 1,382
	2,566 1,787

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

	Total	Total
	2022	2021
EXPENSES	£	£
Direct Costs	11,794	7,246
Salaries (Including Pastors & Staff)	91,584	93,010
Employers NI	4,380	4,277
Pension Contributions	2,791	3,156
Donations	5,770	5,377
Allsorts	0	107
Printing & Stationary	1,910	2,118
Telephone	1,031	942
Office Sundries	51	172
Subscriptions	0	334
Accountancy Fee	1,296	1,296
Building Fund	0	1
Insurance	2,275	2,278
Cleaning	338	322
Repairs & Maintenance	8,156	4,008
Utilities (Light & Heat & Water)	5,841	5,685
Waste Cost (Rubbish Collection)	1,253	857
Bank Charges	351	385
Depreciation	4,364	4,888
Computer Software	7,729	4,595
Computer equipment	478	6,629
Staff Training/Conferences/Books	498	39
Legal & Prof	3,497	355
Equipment Exp	1,612	0

Bromley Town Church Notes and Accounting Policies ( ) (continued) Year Ended 31 March 2022

4. Resources Expended (continued)

Professional Fees (Payroll Fees) Health & Safety Exp (Covid19) Replacement Advertisement (Alpha & Outreach etc.) Entertainment Gift (to Guest Speaker) General Expense Governance Costs Independent Examiner’s Fee		504 516 69 891 2,146 0 164 48 588 244 100 0 4,183 0 164,753 149,776 2022 2021 £ £ 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	2022 2021 £ £ 91,584 88,860 4,380 4,277 2,792 3,156 98,756 96,293

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	2022 2021 No. No. 2 2 5 2 7 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.

Bromley Town Church Notes and Accounting Policies (continued) Year Ended 31 March 2022

6. Tangible Fixed Assets

Tangible fixed assets comprised:

Cost At 1 April 2021 Additions Disposals At 31 March 2022 Depreciation At 1 April 2021 Charge for year Disposals At 31 March 2022 Net Book Value At 31 March 2022 At 31 March 2021	Freehold Property Church Equipment, Fixtures and Fittings Total £ £ £ 499,072 110,634 609,706 - - 2,269 - 2,269 -
	499,072 112,903 611,975
	- 93,847 93,847 - - 4,364 - 4,364 -
	- 98,211 98,211
	499,072 14,692 513,764 499,072 16,787 515,859

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 Prepayments	2022 2021 £ £ 27,300 29,203 - 1,840 27,300 31,043

Bromley Town Church Notes and Accounting Policies (continued) Year Ended 31 March 2022

8. Creditors: Amounts falling due within one year

Creditors comprised amounts falling due within one year as follows:

Other Creditors Pension Creditors Accruals Taxation & National Insurance

9. Funds of the charity

Unrestricted Funds Brought Forward Surplus/Deficit for the Year Total Unrestricted Funds at End of Year	2022 2021 £ £ 620,529 10,842 591,458 29,071 631,371 620,529

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 2021 to 31[st] March 2022.