BROMLEY TOWN CHURCH CIO ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 IlegistLreil C h¢1 I'ity N li ii) l)er: 11S7361 REPORTING ACCOUNTANTS JAMES WRIGHT & CO CHARTERED CERTIFIED ACCOUNTANTS S WHYTECLIFFE ROAD SOUTH PURLEY SURREY CR8 2AY
Bromley Town Church Financial Statements Year Ended 31 March 2025 Contents Page Lcgal And Administrative Information TrLlStees' Report Independent Examiner's RL'port IncomL and ExpendilLire AccoLint und Statemcnt ot. P inancial Aclivities Balance SlieLI Notes and AccoLintin&? Pol ic ies 9-13
Bromley ToTrvn Church Legal and Administrative Information Year Ended 31 March 2025 Name ol. Ch<irity: Bromley Town ChLifLh Charity Registration Ntiinber: 1157361 ChLirch Address.. 2 r,thelbert Road Broinley Kent BRI IJA F.Iders'. Jonathan Mccjill - Senior Pastoi. Kevin Aldridgye Yomi Bello 'I'rLlStees Ivy Mok ScLrLtary Cl IVL Hoi'ner Cliaii'nian John Akinjewi Nana 13LIIo GLishan HIiss<iin Mark DLillaway Llankers: HSBC Bank plc 1411 ligh Sireet Beckenliam Kent BR3 IBX Accoiintants: J1c mcs Wright & C'o Cliartered Certiffied Accoiinlants 5 Wliytecl iffe Roa(1 SoLlth PLirley SLiri'ey CR8 2AY
Bromley Toivn Church Trustees, Report Year Ended 31 March 2025 The Trustees of Bromley Town Church submit their report and the accoLints of the Cliaritable Incorporated Organisation (CIO) Trust for the year ended 31 Marcli 2025 Structure, Ciovernance and Management The Triist is reqLiired to have six Triistees (Ind the I rustees who held office dLiring the year arc lisled below: Trustees serve a fixed term of office, atler which they will stand down althoiigli a I riistee can tlien be re-elected or replaced according to the process laid OLIt in thc CIO constitlltion. Ivy Mok Clive Horner Mark DLillaway John Akinjcwi Nana IIL'IIO Lishan Hussain Sccrctaiy Chairman I'hc 8piritLial Leadership ol. Bromley Town ChiirLli liave tliL power iindLr tliL CIO to appoint and rLmovL 'I'rLi%lees. "rhe Spi rilLial Leadersliip of the CliiirLh throiigliollt thL' yL'iir were: Jonaihan McGill Kevin Aldridge Yoini Bello Objectives and Activities BTC Vision We are a gl'owing chLircli family wlio by tlie power of the Holy Spirit seek to be followcrs of Jesiis Chi'ist. to be sLt apart for Cjod, to love Him wholel)eailedly and to love OLir neighboLirs by bringing jiistice, mercy, hope and new lifc. We are growing in faith iogeilier. BTC Core Values We llim as a ChurLlI to gylorify God by: Worshippingy Him wholeheartedly together Introdiicing people to Hiin so they can join His fain ily Discipling people to become like Jesus so tliey Lan reacli their God-given potential Equipping, enLOLiraging, and empowering people for their ministry in thc Chiirch and mission in life. The Chiirch Ineets on Sundays and dLiring the week at 2 Ethelbert Road, Broml¢y
Bromley Town Church
Trustees, Report (Continued)
Year Ended 31 March 202)
At prescnt in the Chiirch there al-e some 140 regular altenders, incliiding those teenagers who are
part of the life groiip striictiire in the Chiirch. The Cliurch is diverse with members and r¢giillc r
dttenders trom many diff¢rent ciiltiires and backgroiinds.
Public Benefit Statement
Thc valiies and aiins of Bromlcy Town Church are abolit eqliipping members, worshipping God cind
discipling people i n Christian teacli ing and action. MLicli of oui, aclion howcvcr is focLised OLltward
and oiir work 18 Ilot cxcliisive to the membei's only biit open to ihe wider commLinity. "I"liese £iLtivities
inclLide i'e&FLilar youth drop-in on Friday nights cach month.. OLir premises are also Lised by OLltside
organisation8 who scrve the wider cummiinity incliiding the MacLilar Society, Kent Association for
Ihe Blind, Christian Ag7ainst l)overty and ihe Saler Neighboiii'hood initiative.
As a Chiirch, again in 2024 we have also siipported the Broinley 14omeless initiative for Roiigh
Sleepers over tlie wintcr period.
Financial Review
Financially thc frusi is stablL, and our giv ing (ignoring speci411 one-orr donation%) has been stable
over the last yL'ar. DLlI'ing) tliis pci'iod Olir 'fi'iist remained on a stable linancial footing.
OLir cash reserves as at the 31 st March 2025 were Iipproximately £130,000
IIL'8erves Policy
It 1.% the pol icy of. thL I rLlStees to m<iint
Bromley Toivn Church Trustees, Repoj't (Continue(l) Year Endeil 31 March 2025 The TrLlStees al'e responsible for keeping accoiinting i'ecoi'ds wliicli disclose witli reasonc2ble accLiracy the finaiicial position of. the charity, <iiid ivliiLli eiiable tlieiT] to ascertain tlie tinaiicial position of tlie chai-ity, and wliich enable tliem to ensiire that tlie tinaiicial stateinents comply Nvith appl icable Iqc w, regLI lations <ind trust deed). They 1( re 111so responsible foi. S<1fegLiarding ilie assets of tlie clidrity and lience for takingJ reasonable steps t"oi' the pirvention ic nd dctcctioii of. fr¢liid 1( lid oiliei. ii'regLilarilies. The lin<incial slateinents coinply iviih sl<llLltoi'y reqLI ireinents, tlie gTovei'n iiigJ dociiinenl and tlie statein¢nl ot" R¢coinineiidLd Pi'actice (SOIIP 2005), Achievements an(1 Performlince DLlI'ing the period ot" this repoi't services have coiitinLied to be pi'e-I'ecoi'(led <11id broadcast over YoiiTLibe on tlie Cliiii'LI) cliannel. We liave continLied to streain live OLII. sei'vices to those ot. tlie cong)I'egyation who were stayiiig at lioine and otliers <1Lross ilie Loiinlry. DLiring the yec11', tlie C'hLlI'ch lias liad five tLII l or P<l1't tiine basis paid st£)ft' pl LIS several volLinteeis. We liave LontinLied to serve tlie coininLinity Vi¢1 Lise of. tlie bLiildin&) by local orgc111isalicfrlls SLich as Ihe MacLilar. Sat'er Neigliboiirliood, Cliristiilns Against Poverty and Ilie Kent Association for tlie Blind. Tlie C IILlI'cli continlied with miiny SLiccessfiil activities tliat serve oiir objectives SLICII weekly Sei'viLes, Eli'i)Inley Kicls. YoLiili eveiits (iiid 50Li£l1 Lvenls ¢11id soine ol. tliLsL Iiqc VL hLLn liLI(l online Vicl zooiiI. I li SLPleinbei' 2024 tlie Lliiii'LlI laLiiicliecl Broiiiley K ids witli Ilie c1illl ol. ¢lllrcgCtiii&y clii Idi'LII aroiind Bi'oiii ley to.join iii ilie chi Idrens activ ities. We have pei'iods ot. pi'ayei. <lllLI tclStin(J dLlI'ing Ilie ye¢lr. Bi'oinlcy Town CIILirch liii.S Sti'ong links willi othei. Bi'oinlcy cliiii'clies, and ive are pc11ticiill¢ I'ly LonneLled to Ilie .1 I'tinstorin Bi'oimley 1301'oLigFlI Nvliicli is Ll g71'OLlP ol" soiiie 50 plLlS chiircliLs in the boroiigyli ivlio (ire connected loi. sli<ll'e(I Inissioii, "I'liei. i n itl<lti ves inLILide L'lii'isli2¢ li AgF<linsi Povei'ty, Broin ILY Hoineless c1n(l Hope i nto Aclion ivh icli prov ides lioiis iiigy toi. Ilie lioimeless. Meiiibers of tliL cliiircl) vvei'e 1¢ Iso tl'£liiied <lnd coiiiimeiiced ilie Sti'eet l)2( .Stor In i iiistl'y Pclli'ol l i ngy11c le c1t nigjlil aroiind Ihe PLibs ciiid cllibs o I. Bi'oin ley. We li1lVC 2< 8igii ificc111t coiiiicction witli clnd I'eceive spii'i ILial SLlPPOI't Iroin Èlie Ineinbei's of Focal Point CIILlI'clI in fioi'idi1 Liiider tlic lec1dersliip ol" Mc11'k Dali iel. I n early 201 I , tlie local ciiiiliority issiied a Bi'om ley Toivn Centi'e deve lopment consLilt¢llion pl¢1n tliat ind icilled tlie fLiliire poss i bi l ity of tlie Bi'oim ley Town ChLlI'cli biiildingy being COlnPLilsoiy piircliased. We weir int"ormed in Septeniber by tlie local aiitliority thclt tlie sclieine had been sci'apped and tliat the chLircli pi'¢in ises woii Id no loiiger be SLibjected to a coinpLilsoi'y order. Approved by the Trustees and sigyned on tlieir beliaJ-f.b Chairinan of TrLlStees GLI 4]Dée
Independent Examiner's Report To The Trustees Of Bromley Town Church Report on the accoiints of the Trusi for ihe period I, April 2024 to 31, March 2025, wliich al'e set out on pages 7 to 14. This report is mcide solely to the Triistees in accordance with Sections 43 and 44 0fr.tlic Cliarities Aci 1993. My work has been iinclert(Iken so Lhai I Iniglil .statc to the Charity's TrLlStees thos¢ Inatters l am required to slale lo them in an Independeni Examiner's report and for no olher purpose. To thc fLillest extent perimitted by law, I do not accepl or assLime rcsponsibility to anyone other than the Charity and Ilie Charity's Trustccs for my examination work. Respcctive responsibilities of Trustees and Fxaminer The Charity's Ti'LlStees are responsible for the preparation of tlie accoiints. They consider tliat an alidit is nol reciiiired tor thi8 ycar (Iindcr section 43(2) of tlie Cliarilies Act 1993 {Ihe 1993 Act)) and that an independent examination is needed. It is my responsibility to: L'xamine ihe accoLints (linder section 43(3)(a) of thc 1993 A¢i); t() fol low Ilie proccdLirL's laid down in ihe Genei'al DiirL'tions given by Ilie Cliarity C()mm issioners (LinLlcr seLlion 43(7)(b) of ihe 1993 Act). aiid to stale whetliL'r partiCLI lar Inatters havL' L()mL to my altention. Iliisis of InclL'PL'ndeiit F.Xéim iner's rL'P(Irt My examination was cari'iLcI oiit i n accoi'dance iviili tlie CJL'llLral Directions g) iven by tliL Cliai'ity CommissionLrs. An ex<iniination inLILides a revieNv of. tlie £iLLoiinting reLords kepi by tlie Clicll'lty and a comp<iris()n ot. the ¢1ccoLints prLsL'ntccl witli iliose recoi'ds. It al.$0 inLILILILs consideration of any iinLisiiiII items or disclo.siirL4 in the ¥lccoiiiils, and seLking Lxplanations I roin YOLI <1S "I I'Ll%tcLs concerii iiig7 <iny %iicli Inatters. 'I'lic pi'oLLcliii'Ls undertaken do not pi'i)v idc (Il I tliL' evidence tliat W()Ll Id be reqLiired in an aLidil, and conseqLIL'ntly I do not express an aLidit opinion on tlie v iew given by the accoLints. Opinion In connection with oiir exam ination, no matter lias coine to oiii. attcntion: ( l ) Whicli givc.% me reasonable Laiise lo bel ieve tliat in &olly IT]atcrial re.spect tlie reqLiirements to keep aLcoLinting i'ecords in accordance with section 41 of the 1993 Acl* c1nd to prcpare accounts ivhiLh accord witli the accoiinting rccoi'ds and coinply with the accountingy I'eqiiiremenls of the 1993 Act and the regulations made thereiinder have not been mel; or (2) To ivhiLlI, in my opinion, attcntion shoLild be druivn in oi'dei. to enable a proper understanding of the accoLinls to bc rcached. Jaines Wi"ighl-Anderson FCCA Chartered Certified Accoiintant J1( Ines Wriglit & Co 5 Whylecliffc Rocld Soiith Piirley, Surrey , CR8 2AY 26, Jiine 2025
Bromley Town Church Income and F.xpenditure Account and Statetnent ol. Financial Activities Year Ended 31 March 2025 Note Total 2025 Total 2024 Income and Expenditure Incoming re$ources Voluntaiy incomc Hall hire Bank interest receivable 159,313 7430 3,196 169,939 188,897 3,816 879 193,592 Incomingy resoLirces from Lharitable a¢tivilies Ti)tal Incoming ResourL'es 215 170,154 3,452 197,044 ResoiirL'es ExpL'n(IL,d CharitablL aLÈivities 153,500 173,515 ('iovernance cosls 1,479 1,392 l-otal RcsoLlI'Les Expended 154 97L) 174,907 NL't movement in liinds 15,174 22,137 T()t411 fiinds brougihi forward 648,686 626,549 AdjLlStiiicnts I'otal Funds Carrie(I Fonvard 663,860 648,686 There are no recognised gains or losses in 2025 other than the result for thc ycar. Al l activitics dci'ive from conLinLiing oper¢ilions.
Broinley. Town Church Balance Slieet as at 31 March 2025 Note 2024 Fixed Assets T<ingyible Assets 505.993 507,931 Ciirrent Assets Debtors 31,447 30,004 Casli clt bank <liid in hand 135,845 120,148 167.293 150,152 Creilitors AmoLints t"alling dLie ivitliiii oiie yeai. ),425 9,397 Net Ciirreiit Assets 157,868 140,755 Totiil A.s.set8 less Ciirrent 6C).3,86() 648.686 Licibilities Crl'cl itoi'.s Anioijnts Iliie <il'tL'r In()re th¢ili one year Net Assets 663,860 648,686 Fiiiicls of tl)e Lh¢irity U iii'esti'iLILd liiiicl4 Resti'ictld t'Lin(Is Total fil nils 663,860 648,686 ()63,8C)O 6411,686 Ap ie Ti'iistees and sigined on thei r beli¢11 t. by., Clive Horner- Trustee The iioles oil pages l O 10 1.3 foriii P1( I'l of tl)ese fiiiancial st1( leiiieiits.
Bromley Town Centre Note.$ and Accounting Policies Year Ended 31 Marcli 2025 Accounting Policies 'I"he principal accounting policies are SLimmariscd below. The accounting policies have been applied consistenlly ihroLighoiit the year and thc pi'cccding year. a) Basis of AcLounting Thcsc finclncial slalements have beeii prepaiEd Lindei. thc liistorical co.sl convention and in aLLordance v1th tlie Stateinent ot, Recoinmended Pi'aLIiLe "Accoiintins) and Reporting by Charitics" (SORP 2005) and the Financial Reporting Standai'd t'or Sin<illei' F.nlities (effective January 2005). b) Funds Unrcstrictcd fiinds represent fiinds of the ChLircli that ai'c not SLibject to any restriLtions regarding their Lise and al'e avai lable for application on the general PLirposc of the church. RestriLtcd fiinds represent fLind8 of the ChLirch tlial were rcccived witli resti'ictions .$0 th<ol LIS¢ Can only bL' m<ide t'or ihe piirposL's statL'd £ind coinprom ise spLcifiL gifts aiid don¢ilions receiveLI foi. distri bLilion to spccific'd third parties. c) Incoming rL'sour¢es Offering% and donations, inclLiding those Linder gi li aid, are I'L'cogynised when receiveLI. Income tax on gyifl aid donations 1% rL'cogyn ised wheii ihe relatLd incoiiie is recogn iseLI. Reni froil) tlie hire ol" tliL Chiircli preinisL'S is I'LcI)gynised when Ilie l'ent 18 dLIC. Interesl ¢1nd otlier income lire recogniSLd wlien I'eLeived. Il) Ile$ou rces use(1 Gi'ants ¢incl donation5 are accoiintcd for wheii paid. Fxpen.%e% tii'c accoiinled for on an acLI'Lials basis. e) Fixed Assets cingyible fixed assets are rccorded at cosi. No dcpiECltition is pi'ovided on the land and bLli Idings becaLise the .1 rLlStees consider the Liscfii I l ife of ihe bLli Iding will bc in excess of 50 years and it wil I have a high residLial valLie. The bu i Id ing is i'cgii l£l1'ly Inaintained, Provision ivill be madc sIioLild an annLl¢il impairment review show that a pcrmanent diininiition in valLie of the biiilding lias OCCLirred. Eqiiipment, fixtLires cind fittings are depreciated at 200/0 pcr £onniim on a rediicingi balance basis. Compllter eqliipment is depreciated at 33 113 % on a redLicing balance basis. Fixed Assets beloNV £200 are not capitalised. Pension Scheme The Chiirch makcs contributions lo a defined contribLltion pension schcmc, the assets or the scheme bcing lield sepai'alely Froin the assets of tlie Charity. Thc pension cost charge represents contribLltions payable to Ihe sclieme. 'I'he ChLircli's liability is limitcd to the amount of tlie contribLltions.
Broinley Town Church Notes and Accounting Polieies (coiitinued) Year Ended 31 March 2025 Incoming Resources - Other Incoming Resources (General Fiind) Total 2025 Total 2024 Other Incume 215 215 3,452 3,452 Grants 'I'here were no Granls or Doniltions in excc.ss of £0 preseiited to Bromley I'own Chlirch dLiring the year. Total Resources Expended Total 2025 Tot#1 2024 EXPENSlI.S Direci Costs 9,128 9,067 Salaries (Inc ILiding Past()I's & StatT) Employci's Nl Pension ContribLltions 80,581 88,261 2,063 2,525 D()nalions 10,159 1,569 12,097 678 Travel ExpLIISL'S )I'intin¥ & Stationai'y Telephone Office SLindi'iLs 1,726 1,516 739 612 781 154 Accoiintancy Fee Insur<ince 1,479 1,392 3,017 848 2,846 Cleaning Repaii's & Maintcnance Utilities (Light & Heat & Water) Waste Cost (RLibbish Collection) Bank Charges Depreciation Computer Software Computer equipmcnt StarrTI'aining/ConfcrencedBooks 739 7,201 20,720 6,925 1,253 7,317 1,362 396 461 1,938 2,525 5,950 6,086 2,670 1,740 1,105 10
Bromley Town Church Notes and Accounting Policies (continued) Year Ended 31 March 2025 4. Resources Expended (continued) Eqiiipment Exp Professional Pees 703 2,104 713 612 Health & Safety Exp Innovation Kidi 21 2,143 3,750 Adverliseinent (Alpha & Oiitreach etc.) Entertaininent 266 1,402 889 CJift (to CJiicsI Speaker) General Expense 784 2,016 6,194 4,011 154,979 174,907 Governance Costs 2025 2024 IndepenclL'nt Examiner's Fee 1,479 1,392 1,479 1,392 Staff Costs SalariLS incliide reinlineralion pai(1 t() thL scnioi. pastoi. who is also a Ti'Lislee. I'he staff cosls ivere: 2025 2024 Salai'ies Social SccLirity Costs Pensioii Coiiti'ibLltions 80,581 88,261 2,063 2,525 2,307 No employee eariied mol'e than £60,000 in the year. The avei?ge weekly nLiinbei' of employees diiringy the year ivas Inade lip as follows: 2025 No. 2024 Pastoral Siipport 'I'he church also enjoyed thc bcncfits ot" volLinleers working in a variety of jobs. 'I'he Chuirh contribiites to a pei'sonal pension plan for thrcc cmployees. ContribLilions are chargeLI to the accoiints as inLiirred and there were no outstQi nding conti'ibiitions at the balance sheet date.
Bromley Town Church Notes and Accoijnting Polieies (continued) Year Ende(131 March 2025 Tangible Fixed Assets Tangible fixed assets Loinprised: Freehold Property Church Equipment, Fixtures and Fittings Tutal Cost At l April 2024 Additions Disposals At 31 March 2025 499,072 112,903 611,975 499,072 112,903 611,975 Depreciation At l April 2024 Char&ye foi, year Disp().%als At 31 Mai'ch 2025 104,045 1,938 104,045 1,938 105 983 105,983 Net Book Valuc At 31 M¢1rcli 2025 499,072 6,921 505 993 At 31 March 2024 499,072 8,858 507,930 'hL friistees arc Lincible Io qLl<iiili fy tlie diffLI'L'nce belween tlie L<ll'l'ying valLIL ¢ind mai'ket valiie ol. the t"rL'c'hold property. A pri)t'L%.%i()nal val iiation woiilcl b¥ reqLI ired and ihey bel ieve tlIL' costs involvLd would noi be the coi'i'c'ct Lise o r tlie Ch¢11'ily s I'csoiirLLS. Debtors Debtors coinprised amoiints fal l ing dLie withiii one year as follows: 2025 2024 Gift aid recoverablc Pi'ep<iyments 31,377 70 31,447 29,909 95 30,004 12
Bromley Town Church Notes and Accounting Policies (continued) Year Ended 31 March 2025 Cre(litors: Amounts falling due Ivithin one year Creditors comprised amounts falling diie within one year as follows: 2025 2024 Oiher CreditOlS Pension Creditoi's Accruals Taxation & National InsLirance 6,422 6,614 1,479 1,524 1,392 1,391 9,397 Funds of the charity 2025 2024 Unresti'icled Flind% l3ri)Light l.'oiward SLirpl Lis/Deficit for tlIL Ycar 648,686 15,174 626,549 22,137 Total Unrestricted FLinds at F.nd of YLar 663,860 648,686 10. Trustees The sen ioi. pastor I'L'LLivccl dPPI'oved I'emLineration (ILiring thL yc'ar. TIIL 'I'I'iistccs have an indemn ily insLlI'anLL' policy incliidLd in tlie ChLirch Connect pol icy. I l. Restricted Funds Thei'e ivere no reslricted flinds dLiring the period I ' Apri12024 to 31, Marcli 2025. 13