THE BRIDGE CHURCH, ST IVES TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 The Bridge Church St Ives Page: THE BIUDGE CHURCH, ST IVES. INDEX TO THE TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Page number Information Tnlstee's Annual Report 10-1 i Independent Examiner's Report 12 Statement of Financial Activities 13 Balance She 14-24 Notes lo the Financial Statements The Bridge Church St Ives Page: Trustees, Annual Report for the period . The BrKJgo From Slan dale EThJ da Chuich 20?) 03 ?0?4 Section A Reference and administration details Charity name The Bridge Church St Ives Oiher names charity is I￿oWn by The Bridge Church Registered charity number 1161958 Charlty's princlpal 4ddre$$ 2 Burrel Road St Ives Cambridgeshire Posteode PE27 3LE Names of the charity trustees who manage the charlty N•me of ptrwh lor body) enililed io appoltht iru51¢¢ Ilf Trujtte name otn¢¢ Ilf *Dy} D*ies a¢ttd If for *kolt year Conrad Roper Esther Adusei Elder Malcolm Ellis Leslie Howard Lizzie Rogers Christine Wetherill Names of the trustees for the eh2ritv. If any, (for example, any custodian trustees) Name D2te$ aeled if not for whole ear The Bridge Church St Ives Page: Section B Structure, oi'ernance and mana ement Deseription of the charity's trusts Type of governing document (SORP Para .1.25) How the charlty l$ constituied {SORP Para.1.25) Trustee selection methods (SORP Para.1.25) Constitution Charitable IncoTporated Organisation {ClO) Appointed by church leaders Additional governanee Issues The charity's organisatlonAI structure and any wider network wlth whl¢h the eharlty Ivorks: Trustees, consideratlon of m4Jor rlsks and th¢ sy'stem and proeedur¢s to manage them. (SORP Para.1.51) The Bridge Church is part of Relational Mission. Relational Mission is a growing family of churches from different countries which is also part of Newfronti¢rs, a group of apostolic leadets, together with their team5 and churches, unii¢d on global mission and by core values and &venuine relationships. Newfronliers represents a worldwide network of churches across many nations. Relational Mission churches are predominantly in the UK and mainland Europe. Property risks are covered by insurance and safeguarding risks are covered by recO￿lsed guidelines. The Bridge Church St Ives Page: Section C Ob ectil'es and actiN'ities To advance the Christian faith in the county of Cambridgeshtre and in such other parts of ihe UK or the world as the charity trustees may from lime lo time think fit. and Summary of the purposes of the charity as set oul in its governing document To relieve persons who are in conditions of need or hardship or who are sick and lo relieve the distress caused thereby in the said location and in such other parts of the UK or the world as the charity trustees may from time-to-tirne think fit. (SORP Para.1.17} As a part of our direct service to th¢ communily we continue to operate: A CMA affiliated Money Advice Centre A Counsellin8 Centre which is an organisalional member of the British Associalion for Counselling and Psychotherapy. A weekly youth group A weekly Baby and Toddlers group A craft club Summary of the maln actlvitles in relation to those purposes for the publie benefit, Rn parlicular, the aeilvitles? projects or services identified in the aceounts. (SORP Para.1.17& 1.19) All of these services are op¢n to all in the community and are free lo use with Ihe exception of general counsellin¥ which asks for donations to help fijnd the professional costs. We ask for a donation of £1.50 per family attending the Baby and Toddler Group. (include within th1$ $eetlon the statutory declaration that trustees have had regard to the guidance issued b). the Charlty Commlsslon on public benefit) (SORP Para.1.18) The trustees ¢onfirn) they have complied with ihetr duly lo ensure the Charity has undertaken suitable works for the benefit of ihe public. as required by the Charity Commission. The Bridge Church St Ives Page: Additional details of objectives and aCti￿tieS Regardtng grantmaking, The Bridge Church will consider applications that fall within its charitable PUryK)ses. Grants will be made based on the funding available, solely on merit and where the due diligence process has not identified any unacceptable issues. The Bridge Church has paid multiple grants in ihe year as detailed at Nole 13 10 ihe accounis. The most significant were £38,651 to Jubilee Church Ely for their Building Fund and £12,(X)O to Relational Mission, which has the same general charitable objectiv¢s. Pollcy on grantm4klng: Contributlon made by volunteers. Thc Bridge Church receives significant volunlary support. estimaied at a minimum of 645 hrs per month. This covers the following areas of activity: (SORP Para.1.38) Children and youth WOTk Leadership and pastordl care of small groups Counselling Debt advice Worship Teaching Hospitalily Administrative support The Bridge Church St Ives Page: Section D Achiei'ements and performance Premises. This year the charity undertook maintenance work to the guttering, replaced ihe main hall seating and commenced the refurbishmenl of the downstairs toilets. Membershi has fallen from 190 (we have had some new people joining and others moving away) it now stands at 177 peopl¢. The Alpha COUTSC. which promotes the Christian faith was run once and two people who attendcd the course continue to attend the church. 4 people {2 adults and 2 youth) were savol and added to the church. Summary of the main achievements of the Charity, identifying the difference the charity's w'ork has made to the clrcumstances of its beneficiaries and #ny Ivider benefits to society a$ a whole. (SORP Para .1.20) The Debt Advtce Centre continues to develop and has 6 advisors. Thecounsellin Centre now has 5 Psychoiherapists and I clinical lead (who supe￿iseS the leam). The dro -in is run weekly on Fri mornings, providing opportunily for members of the community to come have a coff¢¢, chal or play gam¢s. oulh team continues to be developed by our voluntary youth leader who has grown the volunteer youth team lo include eight on Friday eveningys and a team of six on Sundays. The children's work continues to be developed by a team of traincd and DBS (Disclosure and Barring Service) Checked volunteers. this team is overseen by a children's worker who is paid one day a week. Overseas mission continues largely through Edward and Fridah Buria who oversee th¢ Newfronliers churches in central Africa. R¢lationships have also been developed wilh church leaders from other Europedn nation5 including Czechia with a planned trip lo Pardubice for 15 church members. The Bridge Church St Ives Page: Section E Financial rei'iem. Review of the ¢harity'S rinancial position al the end of the period. (SORP Para.1.21) Total income was £261 K, a £25K increase in unrestricted donations on the prior year. There was £50K of Testricted givin& of which £32K was given for the Jubilee Church Ely building fund. Total expenditure was £236K. Of this £166K was unrestri¢l¢d with the principal ouigoings continuing to be slaff and premises; both remain key to facililaling delivery of the charity objeclives. Routine running costs were £5K higher compared with the prior year. primarily du¢ to increased mortgage interest costs and utility rates. Of the unrestricted funds, £19K related to Mission aclivities, a reduction of £6K on the prior year. Restricted expenditure was £70K. £20K higher than the prior year, principally an extra £18K on Mission activities. In addition, £15K of expenditure on the church premises was capilalised relalin¥ lo building improvement and fixtures & fittings. Stalement explaining the polie). for holding reserves stydting w'h). the). are held. Amount of reserves held. Reasons for holding zero reserves. The Charity aims to hold in general reserve a balance of 2-3 months unrestricted operating costs (primarily for staff and premises costs). CU￿ent r¢seTves are equivalent to 6 months. Reslricled funds are used lo separate receipts, donations, gifts and grants given for iheir specific purposes. At the start of Ihe year there was £6K mainly for donations to support a future year grani 10 another church. by th¢ end of year there was £65. (SORP Para.1.22) Detall$ of any funds materlally In d¢ficit(SORP Para .1.24) None Explanation of any uneertalntles about the ch8rity continuing as 4 golng concern (SORP Para.1.23) None Additlonal Opiional Informatlon The charity's principal Sourees of funds (including any fundr4i5ing) (SORP Para .1.47) A description of the prlnelpal risks facing the Charity (SORP Para .1.46) Funds are received principally from church member donations, recovery of related Gift Aid and Ihrough grant applications. Safeguarding Accidenl prevention Lossldamage to premises The Bridge Church St Ives Page: Section F Custodian responsibilities Description of the assets held in this capacity None Name 2nd objects of the charity on whose behalf the assets are held (relation to custodian charlty's objects) NIA Details of arrangements for safe custody and Se8r￿atIOn of such assets from the charlty's olvn a$$ets NIA Scction G Fxemptions f'rom disclosure Reason for non-diselo$ure of key personnel d¢lails NIA Section H Declaration Tho trustee8 doclarn that thy have approved th• trustus, report above. Slgned on behalf of the charty'$ trustoes: Slgnaturnls) 6Epp Full name{s) Posltlon (eg Secretary, Chair. etc} CONRAD ROPER CHAIR Date 1111112024 The Bridge Church St Ives Page.. CHARITY COMMISSION FOR ENGLAND ANO WALES Independent examiner's report on the accounts Independent Examiner's Report Report to the trustees On accounts for the year ended Thc Bridge Church St Ives 3110312024 Charity no. 1161958 Se¢ out on pages 12-24 I report io the irustees on my examination of ihe accounts of the above charity ('Ihe TNSI") for ihe year ended 3110312023. Responsibilitles And basls of report As the charity's Irusle¢s, you are responsible for the preparation of Ihe accounts in accordance with th¢ requircmenls of the Chariii¢s Acl 2011 ('tth¢ Act"). I r¢p)rt in resp￿1 of my examination of the Trust's accounts ca￿led out under section 145 of the 2011 Act and in carying out my examination. I hav¢ followed all the applicable Directions given by the Charity Commission under sethion 14515)(b) of the Acl. Independent examlller's statemellt The charily's 8ross income exceeded £250.C(M) and l am qu lified to undertake the examination by being a qualified member of L%4ÉTGEi_& 1#o5- I have Complet￿ my examinaiion. I confim) ihai no maierial mailers have come lo my all¢ntion in wnneclion wilh the examinalion I have no conccrns and have comc across no oihcr matlers in connection with the examination lo which all¢ntion should be drawn in Ihis report in order lo ￿8b]e a prop¢r und¢rstanding of th¢ accounts lo be reached. Signed: N•me: D*tt: i/J Relevant professioMI qUAllfieAtIoll(s) or body: Address: Ips nTu7b At 94/ & ESALJ&Vo4-T CLOsts IAE-I The Bridge Church St Ives Page: 10 SectRon B Disclosure Only complete rf the examiner needs to highlight material matters of con￿rn (see CC32. Independent examination ofcharity accounts.. directions and guidan￿ for examinets). Give here brief details of Iny items thal the examiner wishe5 to (llselose. The Bridge Church St Ives Page: CHARITY IOMMISSION FOR ENGIANO ANO WALES The ertdge Chur¢h Sl Iv•$ ch￿tY No 1161968 Annual accounts for the period 0110412023 Pe￿d 3110312024 P*riod sl•rt Church Section A Statement of financial activities R¢5tr1ct¢d Lknr*strlcts Intom• Endowmen d fvnds funds t funds Totsi fvftds Recommended categorles by •cUvlty Prlor year nds IncoThing resources (Note 31 In¢om• If￿•n(1￿m•￿1* tr￿". F01 F02 F03 F04 F05 208,363 2.175 17.199 237.855 •¢lp4 2.175 Qth•r tr441ry v•slnnts 1,011 240 32.346 Total Resources expended {Note 6) EKpen¢ltur• I￿. fund• 211.539 282.728 186.293 236.317 S•p•t4* ￿t•1•1 •#p•M• S10 811 Total S12 1eé.293 70,024 Net IncoThl(expenditur•) b•ft)re Investment galnslllosses) 8lJ 24,778 71,044 Net incofflell•xpendituie) Extraordinary item5 Transl•rs bet*•on funds Sis 24,778 71,t)44 S10 $17 14,163 14,163 Oth•1 rn¢ognis•d gainsl(loss•sl: •nd on r•¥•h￿L￿n ol fkn•d •*¥•ty S18 819 N•t mov•m•nt In funds 31,083 24.778 Reconclllatlon ol funds.. Total lurth broughtloiw•rd Total funds carriod fonvard S21 460,654 491737 6.370 467.024 395,980 The Bridge Church St Ives Page: 12 Section B Balance sheet Rearicled Vnrn*ri¢hd incorne Endowmort Total th1$ lunds lund$ funds y••r Total la* year Fixed assets Intangible assets Tangible assets Herltage assets Inv•stm8nts F01 F02 F03 F04 F05 {Note 15 (Note 141 INote 16) {Noto 171 Total fuod assets Current assets Stocks {Not• 181 Dobtors (Note 19) Investnwnts (Note 17.4) Cash at bank and In hand (Noto 24) Total current •ss•ts 810 684.526 692,561 892.581 5,739 5.739 6.284 72,742 78.481 65 72.807 78.546 S6,205 62.489 Credltors: amounts falllng du• wlthln one ￿ar {Not• 201 22.983 20.179 Net cutyent •ss•trfllabllltks) 812 42.311 Total assets l•ss current 114blllll•s D13 740.024 740. 734.872 Credltors: amounts falllng du• aft•r ono ￿•T {Not• 201 Provlslon8 for Il•bllltl•• B14 248,287 248.287 267,847 B15 Total net ass•ts or Ilabllltl•$ Funds of the Charlty End0￿￿nent funds (Not• 27) R•strlct•d Incom• fund• INot• 271 Unr•$trlct•d fund8 R•valuatlon r•s•ry• B16 491,737 491.802 487.024 B17 818 6S 491.737 6,370 460,654 B19 491,737 Tot•1 lunds B21 491.737 65 491,￿2 467,024 Signed by one or tnJ81••8 on t¢h8Nol all the Injstws Oate of appro￿1 ddlmmlyyyy 1111112024 Swure Pmt Name CONPAD ROPER The Bridge Church St Ives Page.. 13 Section C Note5 to the accounts Note 1 Basis of pr•paralion This $8ction should be completed by all charities. 1.1 Basis of ac¢ounlng These accounts have t)een prepar&1 und& the histCit81 cost conventk)n with items recognised al cost or transaction value ￿n￿$S Olherwise slated in the reb8ranl note(sl to Ihese accounts. The accounts have been prepared in acccrfdarte wiih: the Stslemenl of Recc*mme￿d Practice.. fv£ccyJnb"ng and Reporting by chari￿$ preparing Iheir accounts in accLYdance with the Financial Reporting Standard appI￿able in the UK and Republ￿ of keland IFRS 1021 is5￿d ￿ 16 Juty 2014 the Financial Rep(xts'rwJ Stsr%Jard applicable in the United Kingd¢Jn and Republic of treland IFRS 102) aTrd with ￿ Charit￿$ kl 2011. ' and wiih. arKI with. The charity conslrtutss 8 publK benefii enity as defined by FRS 102." -Tick as approwalg 1.2 Golng concern ther• •re materl•l unc•rt•lnths related to events or condKlons that cast ￿gnI11¢an1 doubt on the charltys ablllty to contlnue as a golng conc•rn, ths• wovlde th• followlng det•ll$ or st•t• "Not appll¢abl•': rf•ppropri•te." explanation as lo Ihose factors that support the conclusicrf that the charity is goirvj concern.. l. Sl••ty. ye•r on wowth In ehur¢h m•mbwthlp, raft￿led In Iln•rtcl•l glvln9. 2. kn¢om• ¢onsl*ndy In exc￿ ol•xp•ndllur•. I Cath ¢onsfsl•nlly m¢¢1 •nd exc68d th• rn8wv•spollcy mlnlrnurn of3 months OP8rn11ft9 ¢0*& NotAppllulA• Disclosure of any uncertainties that make the going concem assumpbon doubtftd,. Where accounts are not prepared ¢Jn a going coneem basis, please discbse Ihis fact together wilh the basis on wh￿h the Iruslees prepar￿ the accounts and Ihe reason why the charity is ml regarded as a g￿ng concem. NotAppllubl• 1.3 Chango of ac¢ountlng pollcy The accounts present a true and fair the accounb'ng pdicw adopted are thos6 ouilin8d in Nble 2.2. ".Tick as arwFffiate 1.4 Changes to accountlng •stlmatss changes lo accounting estimates have occurred in ts rewting pgriod13.46 FRS 102 SORPI. Yes" ' .T￿k as aryowale 1.5 Materlal prlor ￿ar errors No matefial pr￿r ar error have boen idenirfifyj in the re￿ts"ng per¥)J13.47 FRS 102 SORPI. Yes. -rick as apwrKiate The Bridge Church St Ives Page.. 14 Not• 2 kcounttng pol￿185 2.2 INCOME Recognllon ol Irbcom• Thtse ** iKltthd vi th8 Sl¥ttmenl Act￿￿￿ ISoFAlTr*thBn'. tN7 cwy becomes eth1￿0 10 Ihe ￿$￿¢1$.. Il 1$ more lthdy thèn that ￿￿18Ps *ill rncei* its ro￿￿￿e5.. the can b• m8•sLTrd $ulkwi ￿thIrtY. Thwe 1485 toen ￿T$8111r9 Ll a5set$ ￿ 14th111￿5. or Irtom8 arvj ex￿n￿•s. Lwl¢s$ by Ihe FRS 102 SORP cr FRS 102. OhDthng lknls arnwly i￿lL1￿0 in SOFA Il* reco9hrt￿￿ cnl•ri8 mot 15.10 to 5.12 FRS102 SORPI t￿? cas• dr**ymarKt rnlat*l gants, iDcom• m￿1 ffily te rwls•d 10 I •￿￿￿1 that the chaniy h¥5 wds frf s¢N¢05 as •fflitl¢rnwrt Yes FPS 102 SOAPI Go¥•mm•nt gr•nty fyft irtlL#knJ In *+*n ttrth• li • t4hJ IP• . Any Gift r￿￿ed 1$ con5Klw•d to té wt (4 gft jr￿ Is ir•ai•J as 10 Its s￿8 knp*J •$ t￿ IfYI￿ (SJn•i TIX r•¢l•lm* on oTr•tloniand qlft• Volurbt••r tt•lp frorn Int•rn& li ￿¢l￿d￿l in pEt•tl• •)J ifib roy•ll••4né dl¥bd•nd• w•iwt4• b• s•￿•￿•nI of In￿ra1￿c• sww¢• ¢i*irn¥ irrtlLK*d In t￿ WA kn th• g•rnr¥ mtognilw cntefi• •rn m•t 15.10 10 5.12 FPS102 SORPI thré w• IrKlu￿0 •% 2.3 EXPENDITURE AND LIABILITIES Ll•blllty r•coqnlllon U￿111*￿ are is m¢r• Iik•ly tth ￿ ltsl Ihv* Is a ¢crtlrLrliw ¢)t4iW*Jn commlllir4 fv ¢h•nly t• t4y fttoL¥C•S •rKI I ollhTr obwlbi ew t• ￿*nIY. Yes ¢ov•m4nG• In pport ¢0 Gowm•rt• tosls cc¢nws• •¥ ￿*15 *co￿tab￿lY ol Ih ChMIy SUp￿)rt Go¥1$ i￿1￿le r year Donations and legacies: Church 6.253 214.616 862 4,283 5.802 22&563 203.514 604 Money Ath'ce Centre Ccyjnselling Cent Mis51C¥) 4.283 5,802 17.199 4,344 29,393 237.855 Total Charitablo activities: Morw AclKice cent￿ (Grant) CwnselliThJ Centre (Grant) Premises kncome 1,156 1.156 2.993 2.175 1175 2,175 2,175 Totsl Incon* from investmonts: ￿te￿51 Recei4ed 1,Ofy) 1,011 240 Total 11 S•parat• materlal tt•nK R(K)f O*r¢laddirg (Granll Ely Buildi 39,326 32.346 32.346 34 Totsl TOT￿ INCOME 211,539 49,556 261.095 282,726 Other Infomiatlon: £95.782.. £48,326 for Roof O¥erc18dding lof vknich £39,326 was Grant fvjnding from the Amey FouThY81ionl1 £27. 171 gi¥ing in support of UK and owseas Church and Mission I £6,305 in suppNt of Juknlee Church Ely I £1,761 for Money Athice cent￿ 1 £5,501 for CtyJnselling cent￿ 1 £4,136 for Church youth 8cliNilies, £2.582 on other acli¥ilies. All Incom• In th• prlor y•ar wa• unr•*rfcted •xupt fr+r: {pl•a•o provld• d•xrlptton and •mounl* Wlthln th• Income it•m•abow the followSng Stems ar• matèrlal.. Ipl••#e dlxlo* tho natur•. amount and any prlor year amounts) £32,346 donations in support of Jub'lee Church Ely buildiry fund. £6.305 recei*d in the prior year. The Bridge Church St Ives Page: 16 Note 6 Anatysis of expenditure This ￿ar iknrestrict•d Restricted Totsl nds funds Last ￿ar UnrgstrKte Re¥tri¢ted d funds funds Total lunds Church Money Admce Cenlre Coun5elling Cenlre Mission Expendlturo on charltable 147.067 13.522 5.530 7.934 43,038 160,589 5.530 7.934 62,264 2*317 136.565 15.318 3,116 7.094 24,710 50337 151.883 3,116 7.094 49.590 211.882 19,226 24,88Q 161A45 Independent Examiners fee Other expenditur• TOTPI EXPENDITURE 166.293 70,024 236,317 161,445 50,237 211,682 Othèr InfOr￿Vation. nalyal8 of expènditure on charitable activities Thls ar ar Actlvltl•s und•rtsk•n dlr•¢tly Grant fundlng of adlvitits A¢tlvlty or programm• Tot*1 th1• year Actbvltl•s undertak• n dlroctly Grant fundlng of activltl•s Total lagt y•ar Church Money Admce Cent Counselling Centre Mission Total 160.589 160,589 151.883 3.116 7.094 5,160 167.262 151.883 3,116 7.094 49,590 211,082 7,934 3.613 17T,006 7,934 62.264 2¥317 58.651 fj8,661 44.430 430 Note 10 Details of cortain ftems of expendlturo 10.1 Fees for exanlnallon of th• accounts Thls ￿ar Last >•ar Ind•yndtnt •xamSn•r'¥ f••s Assurance servbc•s other than audlt or Snd•p•nd•nt •xamlnall¢)n Tax advlsory fves Other lees pald to th• Ind•p•nd•nl •xamln•r The Bridge Church St Ives Page: 17 Note 11 Paid employees 11.1 Staff Costs This ￿ar Last ￿ar Salaries and wages Soclal securlty costs P•nslon costs {defined ¢ontrSbutlon xhome) Cxher employee ￿nefits 59,079 60,543 6,667 6,910 Total staff costs 65,746 67.453 This >*ar: Ploa8• provld• d•ta•l$of •xpendltur• on *aff workin9 for th• charlty whole contra¢ls ar• wlth and ar• pald by • related party Last yoar: Pl•a80 provld• dotalls of oxpenditur• on *aff worklng for th• tharlty whosè contractsarè wSth and are paid by a r•lat•d party NIA NIA No employ•e8 r•c•iv•d èmplo￿¢ benefits lexcludlng ?mploy•r p•n•ion coas) for tho roporting p•riod of mor• than £60,0 TRUE 11.2 Average head count in tho year Thls ￿ar NuTr*Jer Last ￿ar Nunknr Tho parts ofthe ch•rlty In whlch th• employ•es work charit￿1b1¢ Activities Other Tolal Note 12 Defined contrlbutlon penslon scheme or defined bonefft scheme accounted for as a defined contrlbution scheme. 12.1 Please complete thls note rfa deflned contribution penslon scheme Is operated. This ar Last ar unt of contrlbutlons recognised In the SOFA as an expense 6,667 6,910 Please explain the ba818 for allocatlng tho liability and expensè of definod contribution pension schewo bet￿en actlvltles and betweon restricted and unrestricted funds. t allocated Not allocated The Bridge Church St Ives Page.. 18 Note 13 Grantmaking This year: 13.1 knal isof rants ald {included in cost of charitablè activities Grants to insthutions Grants to individuals alysis Support costs Total Mission 54.651 58.6S1 13.2 Grants made to institutions Nanws of insthution Purpose Support church grch¥th Supp)rt church gr￿¥th Supw)rt chureh gr￿rth SupFrfM youth VKJrk Total anx)unt rants aid 38.651 12,000 3.000 1.CQO Jubilee Church Ely112042171 Relational Mission11150583} Noiio Church Ma Life Church P&lefborough {11111461 NeKlay Generation UK112032871 Total grants to instltutlons In reporting period Other unanolysed gr3nls TOTAL GRAhlTS PAID 54,651 54,651 Last year: 13.3 Anal isof ranls paid Includod In cost of charitable actlvltles Grants to Institutions Grant8 to Indlvlduals aly818 Support cosls Total Missi¢)n 44.430 44,430 13.4 Grants made to In8tttutlons Total amount of grants paid Nan*8 of Institutlon Purpo80 F8mine appeal K48 Kings Church Northch {10830491 Reliel aid - Kenya Relational Mission111505831 Support church gr(vrth Life Church PelerbDrough111111461 Support church gr￿N(h Nomo Church Nia Life Church PelerbLYough {11111461 Support church grcwth Mission Possible UK111209711 Relief aid - E Europe and Afn'ca Gateway Church Kings Lynn {1120359} Support church growth Total grants to institutions In reporting perlod Other unanalysed grants TOTAL GR411TS PAID 16,392 12,000 s,￿0 4,005 2,594 2.500 42,490 1,939 44,430 The Bridge Church St Ives Page- 19 Note 14 Tangible fixed assets 14.1 Cost or valuation Freehold land & bulldings Other land & buildings Plan( machinery and motor vehicles Flxluro4 fittings and èquipment Total At the beginning of the year ALldilions Revaluats'ons Disposals Transfers . At end of the year 750,349 4,272 12,447 60.922 10,3C6 823.719 14,578 71.229 838.297 14.2 Depreciatlon and Inpalrn*nts Bas18 SL or RB IStr8ight Lln8 of Reducing Balance) SL RB RB Rale 50 Yrs 330/0 33Q/o At beginning of the year Disposals Depreciation knpairmenl Transfers. At end of the year 81,%18 1.369 48.581 131,158 14,695 3,656 4,262 22.614 5.025 52.843 153.771 14.3 Not book valuo N8t book value at the beginning of the year Nel book ￿alue al the end of the year 669.141 11.078 12.342 692,561 684 526 Note 19 Debtors and prepayments 19.1 *nalys1s of debtors (all lèss than 1 ￿ar) This year Last ￿Trar Trade debtors Prepayirnnts and accrued income Other dobtors 1.108 4,632 5,739 114 6,170 6.284 Total The Bridge Church St Ives Page: 20 Note 20 Creditors and accruals 20.1 ￿al￿15 of creditors unts falllng due within one ar This ￿ar Last ￿ar knunts falling due after nM>re than onè This year Last y8ar £cruals for grants pardble Bank loans and overdrafts Trade croditors PayThnts received on account for contracts or ￿rforManCe-relatod grants cruals and deferred Incon Taxation and 80clal securfty Other credltors 19.450 18,966 248,287 267,847 3,533 1.213 Total .287 Note 24 Cash at bank and In hand Thls ar Lasl >*ar Cash at bank and on hand Othér Total 72,807 56,205 72.807 56,205 The Bridge Church St Ives Page.. 21 Note 27 Char funds 27.1 D8tall$ ofmaterialfunds held and movements during the CURRENTreporting period ' Key.. PE. pennanent end¢7wm￿¢ funds.. EE. •xp•ndlble w￿￿ment funds.. R. re5tri¢W in¢om• fund$. InclLKling special Irusts. olthe charty." and U- unrnstricted fimds un balances brought for*ard un balane•s carrl•d forward PE, EE PurpoBe and R•strlctlons Incoft Transfor$ Fund nan*8 UR" ex￿n￿ltur0 38.651 3.873 M5510 1,573 4.669 3.651 neyp1￿ce CeDtrt Cofjlrè i+y*y Attw¢e C4nw• 4.283 7.934 4.3(K) Gift5 65 Newday Christmas Book 4.611 137 860 2.253 128 264 2.607 70m4 Wa 1.883 14.163 Total Funds 370 Note 27 Cha 27.2 Detalls ol m•t•rial funds h•kl and mov•m•nts durlng th• PREVIOUS r•portlng p•rk>d ' K•y.' PE- p•rman•nl ondowm•ni fund$.. EE. •xp•ndlbh •ndowm•nl lunds.. R- r•sirl¢i•d In¢om• fund& Includlng sp8¢1•l tru¥ls, of the ¢h•rlty," Ind U. ￿r•strICt•d funds un balanc•8 brought forward funds cont un bal•nc•B carrl•d fopward Tsp• PE, EE Purp(w •MI R••trlctS¢ Incon EXpOnd￿ur• Tr•n•f•r• Fund na￿11￿ UR. 3.881 48.326 6.305 1.761 5.501 27.171 4.136 1.855 728 52.207 n•y￿￿4￿ C•nw• Coun$•lling C•n &ts Giw Nwwday ChnsbThas Book Otherfvnd5 Cwrtr• 3.116 7.094 27.268 5.447 41.680 2.632 .237 1.355 1.593 97 1.311 2.82fj 1.869 43,156 p¥* Tota Funds 1981 8,370 The Bridge Church St Ives Page: 22 Note 27 Charity funds (cont) 27.3 Transfers between funds This year Rea￿n for transler and where endowment is Converted to income, legal power for its conversion Remaining Funds Trdnsfer from Unrestricted lo fjjnd deficits. kn￿￿nt Between Ltnrestricl&J and reslricled fijnds 14,163 Last ar Reawn for trandor and whero endowment Is¢onverted to incom•. legal powor for It# conver¥lon knunt Between unrestricted and restricted fijnds Building Fund: Transfer of capilalis&J building Costs of £66.100 to unrestricted tsnds offsel by transfer fr(Mn nreslricled of £13.893 to fiJrKI deficit. R•malning Fund& Transfer from Unrestricted lo fiJnd deficits. 52.207 8et¥%wn unrestricted and reslricled fijnds 9,051 Note 28 Transactlons wlth trustees and related partles 28.1 Trustee remuneratlon and benefits This year Non• of thg tru*••• h•ve b••n p•ld any r•mun•rntlon or r•¢•lv•d •ny oth•r b•n•fll• from an •mploym•nt wlth th•lr ch4rlty or a r•l*t•d •ntlty ITru• or F•l*l Last ￿ar None ofth• tru*0•8 havè b••n pald any r•muTr•ration or r•￿I￿d any oth•r b•n•flts from an èmploym•nt wl¢h th•ir charlty or a related •ntlty ITN• or Fal••} 28.2 Trustses. expenses No truthe •xp•n*s hav• ￿•￿ Incurrnd (fw• or Fal*l 28.3 Transaction(s) wlth related parties This year Th•r• hav• be•n no r•lat•d party tran￿¢tIOnS in th• r•portlng p•riod (Tru• or Fal*•l Last >tar Therè hav• be•n no rel•t•d party tran*actlons in th• r•porting p•rlod ITru• or Fal•g) TRUE TRUE TRUE TRUE TRUE The Bridge Church St Ives Page.. 23 Note 29 Additional Disclosures The following are significant matters ￿•ch are not covered in other notes and nood to be includèd to providè a proper understanding of the accounts. If thero is insufficient room here, please add a separate sheet. rtgage A£count Number 10113744 wilh CAF Bank Ltd (original amount borrow8d £400.000) is secured against the charitys propety at 2 Burrel Road, St ￿es. Depreciation Calculation: Freehold land, estimated at £40.000 is excluded from the depreciation Calculat￿)n. We have 8Stimated a £50.000 resmjual value for the Buidling and depreciated using the straight line method over a 50 year life. - Land and residual value estimates were deri￿J from a known and comparable church facility. Al Fixtures, Fittings and Equipment are depreciated using the reducing balance method at 33 %. No depreciation charged on Toilet Refurtm'shment expenditure as works were not completed in Fy 23124. Asset lo be brought into use in FY 24125. The Bridge Church St Ives Page: 24