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← Ashford Christian Fellowship

2024-12-31-accounts

Ashford Christian Fellowship operating as Bright City Church

Report and Accounts Year ended 31 December 2024

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

Ashford Christian Fellowship Operating as Bright City Church

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

Trustees

Richard Hill Angela Davis Ian Fowkes Anthony Trilsbach Fani Mukutuma Simon Marshall (resigned 4 November 2024)

Key Staff

Key Staff Ian Fowkes Rachel Fowkes Governing Document Articles of Association dated 1 May 2014 Company Registration Number 9021910 Charity Registration Number 1157611 Principal Address Centrepiece Bank Street Ashford, Kent TN23 1BA Independent Examiner Stephen Mathews FCA Stewardship 1 Lamb's Passage London EC1Y 8AB Bankers Santander plc, Bridle Road Bootle Merseyside L30 4GB

Contents Page
Company Information 1
Trustees' Annual Report 2-5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9-17
Detailed Statement of Financial Activities with Comparatives 18

Page 1

ASHFORD CHRISTIAN FELLOWSHIP, operating as Bright City Church

TRUSTEE AND DIRECTORS REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their report and accounts for the year ended 31 December 2024.

The accounts and financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)

About us

‘You are the light of the world. A city on a hill cannot be hidden’ Matthew 5:14.

We are a family of people from all over the world and from every walk of life who love Jesus. Together we are living to shine the light of his love and good news in our community and across the nations. We worship together on Sundays and meet in smaller groups during the week where we encourage one another to love God and to share His love with others.

We believe that our message of love and hope should be demonstrated with practical help for those in need and we are active in our community with a number of growing social action projects.

Objectives and activities

The Church’s objects are:

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the church should undertake. In the opinion of the trustees, the activities described below demonstrate the church’s commitment to providing public benefit to the community it serves.

Achievements and performance

The congregation has been meeting on a regular basis in the church building each Sunday for worship, bible teaching and preaching and on other days to support special events.

On the 1[st] Sunday of each month smaller groups are meeting as ‘Church in Homes’ in a variety of locations in and around the town.

Page 2

Our church plant ‘Bright City South’ continues to serve the growing community of South Ashford and has recently celebrated its third anniversary. The congregation operates under the umbrella of Bright City Church.

The church has continued to build and strengthen its social interaction with the wider community through several key initiatives, including.

These ministries operate under the banner of ‘Bright City Cares’ and over the past year more than 10,000 hot meals have been prepared and served to those locally who are in need. The trustees would like to thank the excellent support provided by the many volunteers, local supermarkets and catering businesses.

We would also like to thank and acknowledge the significant financial grants of c£100,000 that have been secured during the year to support and extend this work, in particular:

Ashford Borough Council & Kent County Council via the Household Support Fund Kent Community Foundation

The Neighbourly Ltd

Our online broadcasting of Sunday services continues each week, together with a daily ‘Start the Day’ program established to provide prayer, reflection, and encouragement each morning hosted by different members of the congregation.

The potential re-development of the lower hall area of the building into a more community accessible space remains an ongoing focus, together with the need for improved access to the first-floor worship hall. In the short term some further remedial work is urgently required to parts of the roof, and fund raising over the past year of c£10,000 means that work has now started to resolve this.

In April 2024, a trip to Hungary involved a team from Bright City Church working with local churches on social action and outreach projects. The finances for the trip provided by those participating was processed through the church accounts and are included in the ‘ministry trips’ line of our charitable income/expenditure. In September 2024, a small team from the church visited Zimbabwe again to minister, support and encourage the believers there.

In 2025 our Senior Pastors Ian & Rachel Fowkes will be taking a four-month sabbatical from May to August, during which time the day-to-day activity of the church will be overseen by the Elders and Trustees.

Page 3

Financial review

During the year income increased by £90,811, to £300,821, and expenditure decreased by £58,993 to £227,758. As a result the surplus for the year increased by £149,804 to £73,063 (2023: £76,741 deficit) and the charity's net assets increased by the same amount, to £394,407. Net current assets increased by £86,892 to £88,144.

Most of the available reserves are held in restricted funds, which the trustees are seeking to address.

Reserves policy

The charity is in receipt of regular donated gifts, primarily from church members, this helps to support the day-to-day work of the church and in addition a reserve of £25,000 is normally maintained in readily available funds. The trustees have re-assessed the major risks to which the charity is exposed and are satisfied that this amount is normally sufficient to meet its ongoing commitments.

2024 has seen a major uplift in restricted grant funding enabling the work of ‘Bright City Cares’ to continue and in turn support and strengthen our cash flow.

The cost management actions implemented in the 2024 budget have taken effect and will continue into 2025, helping to rebuild our unrestricted cashflow and reserve in line with our policy.

Going Concern

The trustees have considered the financial resources and commitments of the charity and acknowledge that these are dependent on donations and fundraising activities of the church. After making appropriate enquiries, trustees have a reasonable expectation that the charity has adequate resources to continue its operation for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the charity’s financial statements.

Structure, governance and management

Ashford Christian Fellowship (ACF), is a charitable company limited by guarantee governed by its Memorandum and Articles of Association dated 1 May 2014. It was registered as a charity with the Charity Commission on 26 June 2014. The charity is the administrative vehicle for the activities of ACF now operating as Bright City Church.

The management and administration of the charity is the responsibility of the trustees who are also the directors for the purpose of company law. New trustees are identified as those with sufficient spiritual maturity and business experience who are elected and co-opted by the chair and serving trustees subject to the prior approval of the elders. Suitable training and induction is applied as necessary.

The elders are responsible for the spiritual leadership of the church.

Page 4

Statement of trustees’ responsibilities

The trustees, who are also the directors of Ashford Christian Fellowship for the purpose of company law, are responsible for preparing the trustees annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year, which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.

In preparing the financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and direction of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the Board of Trustees and signed on their behalf by:

R.Hill

……………………………………………………………. R.Hill (Jun 23, 2025 10:56 GMT+1) Mr R Hill Chairman

Date: Jun 23, 2025

Page 5

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

Ashford Christian Fellowship ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024 on pages 7 to 18 following, which have been prepared on the basis of the accounting policies set out on pages 9 to 10.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants of England and Wales, which is one of the

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Stephen Mathews

Stephen Mathews (Jul 1, 2025 15:21 GMT+1)

Stephen Mathews FCA Institute of Chartered Accountants in England and Wales Stewardship 1 Lamb's Passage London EC1Y 8AB

Jul 1, 2025

Page 6

Ashford Christian Fellowship Operating as Bright City Church

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Total income and endowments
EXPENDITURE ON:
Charitable activities
7
Total expenditure
Net income/(expenditure)
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
16		 Unrestricted
Funds
£
166,523
556
1,500
315
168,894
171,922
171,922
(3,028)
2,495
(533)
311,589
311,056		 Restricted
Funds
£
117,028
14,899
-
-
131,927
55,835
55,835
76,091
(2,495)
73,596
9,755
83,351		 Total
Funds
2024
£
283,551
15,454
1,500
315
300,821
227,758
227,758
73,063
-
73,063
321,344
394,407		 Total
Funds
2023
£
166,222
43,567
-
221
210,010
286,751
286,751
(76,741)
-
(76,741)
398,085
321,344

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on page 9-17 form part of these accounts.

Page 7

Ashford Christian Fellowship Operating as Bright City Church BALANCE SHEET

AS AT 31 DECEMBER 2024

Note
FIXED ASSETS
Tangible assets
9
CURRENT ASSETS
Debtors
10
Cash at bank and in hand
11
CREDITORS: Amounts falling
due within one year
12
Net current assets / (liabilities)
Total assets less current liabilities
CREDITORS: Amounts falling due
13
after more than one year
TOTAL NET ASSETS
FUND BALANCES
16
Unrestricted Funds
General funds
Restricted Funds		 Unrestricted
Funds
£
462,666
462,666
1,631
14,300
15,931
(11,138)
4,793
467,458
(156,402)
311,056
311,056
311,056
-
311,056		 Restricted
Funds
£
-
-
-
83,351
83,351
-
83,351
83,351
-
83,351
-
-
83,351
83,351		 Total
Funds
2024
£
462,666
462,666
1,631
97,651
99,283
(11,138)
88,144
550,810
(156,402)
394,407
311,056
311,056
83,351
394,407		 Total
Funds
2023
£
481,174
481,174
1,738
11,208
12,945
(11,693)
1,252
482,427
(161,083)
321,344
311,589
311,589
9,755
321,344

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on

and were signed on its behalf by:

R.Hill R.Hill (Jun 23, 2025 10:56 GMT+1) --------------------------------------R Hill

Jun 23, 2025

Company number: 9021910

Charity number: 1157611

The notes on page 9-17 form part of these accounts.

Page 8

Ashford Christian Fellowship Operating as Bright City Church

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out below.

b) Income

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock.

iii) Legacies. Income from legacies is recognised when a distribution is received from the estate or, if earlier, when the charity has been notified that a distribution will be made and the amount receivable can be measured reliably.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats and other events and courses.

Investment income represents income generated by the charity's assets and includes income from letting the charity's property and bank interest.

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

Page 9

Ashford Christian Fellowship Operating as Bright City Church

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

The cost of raising funds is not significant and has not been separately disclosed.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Freehold land Is not depreciated (because it is not consumed by use) Freehold buildings Over 50 years after taking account of the building's residual value Leasehold improvements Over the lease term or, if shorter, expected useful life Equipment Over 3 to 7 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Stocks

Stocks of donated items held for distribution to beneficiaries are measured at fair value.

g) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

h) Taxation The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

i) Financial instruments The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).

j) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

l) Critical accounting estimates and areas of judgement

ln preparing financial statements certain judgements, estimates and assumptions have to be made that affect the amounts recognised in the financial statements. The trustees consider the following to be significant:

i) The annual depreciation charge for property, plant and equipment is sensitive to changes in the estimates for useful economic life and residual value. These estimates are reassessed annually and, when necessary, adjusted to reflect current circumstances.

Page 10

Ashford Christian Fellowship Operating as Bright City Church

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

3 Donations and legacies

Donations of cash and similar
Donations in kind (note 3a)
Income tax recoverable
Government grants (note 3b)
Other grants
a
Donations in kind comprise the following:
Goods donated for:
Distribution to beneficiaries
b
Local authority grants
4
Income from charitable activities
Church retreats and events
Other
5
Income from other trading activities
Rent income
Other income
6
Investment income
Bank interest
Government grants comprise:
Donated goods comprise donations to the foodbank operated by the church.		 2024
£
139,632
3,303
25,166
101,000
14,450
283,551
2024
£
3,303
3,303
2024
£
101,000
101,000
2024
£
13,399
2,056
15,454
2024
£
1,500
-
1,500
2024
£
315
315		 2023
£
135,912
2,050
22,530
5,000
730
166,222
2021
£
2,050
2,050
2023
£
5,000
5,000
2023
£
40,408
3,160
43,567
2023
£
-
-
-
2023
£
221
221

Page 11

Ashford Christian Fellowship Operating as Bright City Church NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7 Charitable expenditure

a
Costs incurred directly on specific activities
Ministry expenses
Missions expenses
Ministry trips and pastoral expenses
Grants payable (note 7d)
Foodbank expenses
Donations in kind expensed (note 7c)
b
Costs incurred on support & administration
Governance costs
Accounts preparation and independent examiner's fee
Rent, rates and insurance
Heat and lighting
General office expenses
Repairs, renewals and equipment
Wages and salaries
Professional fees
Mortgage interest
Depreciation
Bank charges
Total expenditure		 2024
£
9,957
1,812
17,360
3,600
38,962
3,303
74,994
3,240
3,240
7,936
6,859
1,503
12,186
81,163
951
10,839
27,215
871
152,764
227,758		 2023
£
14,796
3,594
48,916
11,688
32,171
2,050
113,213
2,820
2,820
8,394
17,946
6,911
15,713
83,875
1,207
10,421
25,993
260
173,540
286,752

The fee payable to the independent examiner for preparing and examining the accounts was £3,240 (2023: £2,820). In addition the charity paid £837 (2023: £922) to Stewardship for payroll bureau.

c Donations in kind expensed in year

Donations in kind expensed in year
Donated goods distributed in year 2024
£
3,303
3,303		 2023
£
2,050
2,050

Donated goods distributed in year comprises parcels distributed by the food bank operated by the church.

d Grants payable

Grants for UK and overseas mission
Grants for the relief of poverty
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants for the relief of poverty		 Institutions
£
2,100
1,320
3,420
Institutions
£
6,600
2,640
9,240		 Individuals
£
180
-
180
Individuals
£
2,448
-
2,448		 2024
£
2,280
1,320
3,600
2023
£
9,048
2,640
11,688

Page 12

Ashford Christian Fellowship Operating as Bright City Church

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

The charity's principal grants to institutions comprised:

charity's principal grants to institutions comprised:
Marko Adonai (Zimbabwe)
Good Shepherd Home
Nations Light Ministries
Keys to the Harvest Trust
Leap into Hope
Word Alive Restoration (Zimbabwe)
Grants to institutions for less than £500 each		 2024
£
600
720
600
-
600
600
300
3,420		 2023
£
2,400
1,440
1,200
1,200
1,200
1,200
600
8,140

8 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses

Staff costs amounted to £97,152 (2023: £99,139). The average monthly number of employees during the year was 5 (2023: 5). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum (2023: none).

The charity's key management comprise the trustees and the key staff named on the Company Information page. Total employment benefits payable to key management for the year were as follows:

Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Ian Fowkes
33,075
1,985
Key management connected to trustees:
Rachel Fowkes (wife of Ian Fowkes)
20,150
1,209
Other members of key management		 2024
£
35,060
21,359
-
56,419

The following amounts were payable in the previous year:

following amounts were payable in the previous year:
Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Ian Fowkes
33,075
1,985
Key management connected to trustees:
Rachel Fowkes (wife of Ian Fowkes)
22,808
163
Other members of key management		 2023
£
35,060
22,971
-
58,031

Ian Fowkes served as church leader and received the above payments for serving in that capacity, not for serving as trustee; these payments are permitted by the charity's governing document.

Page 13

Ashford Christian Fellowship Operating as Bright City Church

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

9 Tangible fixed assets

Cost
At 1 January 2024
Additions
Disposals
At 31 December 2024
Accumulated depreciation
At 1 January 2024
Charge for the year
Eliminated on disposal
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 Plant &
Equipment
£
467
5,183
5,650
311
1,883
2,194
3,455
156		 Freehold
Property
£
553,463
-
553,463
110,692
11,069
121,761
431,702
442,771		 Computers &
Equipment
£
31,987
3,523
-
35,510
30,588
1,746
-
32,333
3,177
1,400		 Furniture &
Fittings
£
83,415
-
-
83,415
46,567
12,517
-
59,084
24,331
36,848		 Total
2024
£
669,332
8,706
-
678,039
188,158
27,215
-
215,373
462,666
481,174

10 Debtors

Falling due within one year:
Other debtors
Tax recoverable
Total debtors
h at Bank and in Hand
Cash at bank with immediate access
itors: liabilities falling due within one year
Accruals
Deferred income
Bank loans
itors: amounts falling due after more than one year
Bank loans		 2024
£
282
1,349
1,631
2024
£
97,651
97,651
2024
£
6,458
-
4,680
11,138
2024
£
156,402
156,402		 2023
£
366
1,372
1,738
2023
£
11,208
11,208
2023
£
6,795
505
4,393
11,693
2023
£
161,083
161,083

11 Cash at Bank and in Hand

12 Creditors: liabilities falling due within one year

13 Creditors: amounts falling due after more than one year

Page 14

Ashford Christian Fellowship Operating as Bright City Church NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

14 Loans and finance leases

The liabilities for loans, finance leases and concessionary loans referred to in notes 12 and 13 fall due for repayment as follows:

Repayable:
Within one year
Between one and five years
After five years		 By
instalments
4,680
21,995
134,407
161,083		 2024
2023
£
£
4,680
4,393
21,995
16,250
134,407
146,102
161,083
166,744
Bank loans		 2024
2023
£
£
4,680
4,393
21,995
16,250
134,407
146,102
161,083
166,744
Bank loans
166,744

The bank loan referred to in the above notes is secured on by way of a fixed and floating charge on the charity's assets. Interest is payable at a fixed rate, which at the balance sheet date was 6.55% (2023: 6.55%). The loan is being repaid in monthly instalments and must be repaid in full by 2043.

15 Pension commitments

During the year employer’s pension contributions totalling £5,417 (2023: £3,809) were payable to defined contribution personal pension schemes. No pension contributions were owing at the balance sheet date (2023: £nil).

16 Funds

During the year the movements in the charity's funds were as follows:

General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Building fund
Centrepiece Frontage Fund
Vinny's diner
Other specific gifts
Bright City Foodbank fund
Lower Hall Project
Aggregate of funds		 Opening
balance
2024
£
311,589
311,589
-
6,489
-
1,802
173
2,300
9,755
365,074		 Incoming
resources
2024
£
168,894
168,894
5,427
-
1,916
8,549
115,835
200
131,927
300,821		 Outgoing
resources
2024
£
(171,922)
(171,922)
-
-
(1,916)
(9,094)
(44,826)
-
(55,835)
(227,758)		 Transfers
in the year
2024
£
2,495
2,495
3,489
(6,489)
-

505
-

-
(2,495)
-		 Gains and
losses
2024
£
-
-
-		 Closing
balance
2024
£
311,056
311,056
8,916
-
-
1,763
71,183
2,500
83,351
394,407

Transfers:

Funds have been transferred from the Centrepiece Frontage fund by agreement from the original donors; being in line with the intention of the original donation. £3,489 has been transferred to the Building Fund and £3,000 to General Unrestricted funds, with the intention of being used for capital expenditure.

There was a transfer of £505 from General Funds to Other Specific gifts to cover the cost of two refund payments.

Page 15

Ashford Christian Fellowship Operating as Bright City Church

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Unrestricted Funds Unrestricted Funds
General Designated Restricted
funds funds funds 2024
£ £ £ £
Tangible fixed assets 462,666 - - 462,666
Debtors 1,631 - - 1,631
Cash at bank and in hand 14,300 - 83,351 97,651
Creditors falling due within one year (11,138) - - (11,138)
Creditors falling due after one year (156,402) - - (156,402)
311,056 - 83,351 394,407
In the previous year the movements in the charity's funds were as follows:
Opening Incoming Outgoing Transfers Gains and Closing
balance resources resources in the year losses balance
2023 2023 2023 2023 2023 2023
£ £ £ £ £ £
General Unrestricted Funds 360,284 157,773 (203,927) (2,541) - 311,589
Total Unrestricted Funds 360,284 157,773 (203,927) (2,541) - 311,589
Restricted Funds
Building fund 1,125 550 (1,675) - - -
Centrepiece Frontage Fund 6,489 - - - - 6,489
Vinny's diner - 381 (876) 495 - -
Other specific gifts 1,125 46,170 (47,538) 2,046 - 1,802
Bright City Foodbank fund 27,067 5,642 (32,535) - - 173
Lower Hall Project 2,500 - (200) - - 2,300
37,801 52,237 (82,824) 2,541 - 9,755
Aggregate of funds 398,085 210,010 (286,751) - - 321,344

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year
Creditors falling due after one year		 General
Designated
funds
funds
£
£
481,174
-
1,738
-
1,453
-
(11,693)
-
(161,083)
-
311,589
-
Unrestricted Funds		 Restricted
funds
£
-
-
9,755
-
-
9,755		 2023
£
481,174
1,738
11,208
(11,693)
(161,083)
321,344

Page 16

Ashford Christian Fellowship

Operating as Bright City Church

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Restrictions apply to the funds named above as follows:

Building fund Building purchase, maintenance and repair costs Centrepiece Frontage Fund Renewal of the church centre's frontage Vinny's diner For the operation of the weekly Vinny's Diner event Youth fund Youth specific projects Other specific gifts other specific gifts for specific purposes Bright City Foodbank fund Operation of the church foodbank Beacon Centre fund General operation, maintenance and repair Lower Hall project Project to refurbish the church's lower hall

17 Transactions with related parties

During the year the charity:

During the year the charity also made the following payments to, or for, related parties:

Except as disclosed in note 8 'Analysis of staff costs', there have been no other transactions with related parties during the year.

18 Members

Each member of the company commits to contribute if the charity is wound up an amount of £10.

Page 17

Ashford Christian Fellowship Operating as Bright City Church

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2024

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Total income and endowments
EXPENDITURE ON:
Charitable activities:
7
Total Expenditure
Net income/(expenditure)
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
16		 General
Designated
2024
2024
£
£
166,523
556
1,500
315
168,894
-
171,922
171,922
-
(3,028)
-
2,495
-
(533)
-
311,589
-
311,056
-
Unrestricted funds		 Restricted
2024
£
117,028
14,899
-
131,927
55,835
55,835
76,091
(2,495)
73,596
9,755
83,351		 Total
2024
£
283,551
15,454
1,500
315
300,821
227,758
227,758
73,063
-
73,063
321,344
394,407		 General
Designated
2023
2023
£
£
154,392
3,160
-
221
157,773
-
203,927
203,927
-
(46,154)
-
(2,541)
-
(48,695)
-
360,284
-
311,589
-
Unrestricted funds		 Restricted
2023
£
11,829
40,408
-
52,237
82,824
82,824
(30,587)
2,541
(28,046)
37,801
9,755		 Total
2023
£
166,222
43,567
-
221
210,010
286,751
286,751
(76,741)
-
(76,741)
398,085
321,344

Page 18