**BRADLEY STOKE EVANGELICAL CHURCH (BSEC)** ## **TRUSTEES’ ANNUAL REPORT** For the period 1[st] April 2022 to 31[st] March 2023 Registered Charity Number 1176613 Bradley Stoke Evangelical Church Baileys Court Road, Bradley Stoke, Bristol, BS32 8BH ## **TRUSTEES** Peter Muir Andy Newman Paul Shaddick Tim Sunderland (Chairman) ## **CONSTITUTION** The governing document is the Constitution which was approved by the Charity Commission on 10[th] January 2018. The internal practices of the church are set out in the Church Handbook. The church is constituted as a Charitable Incorporated Organisation (CIO). The Trustees are the persons appointed as Pastor or Elder in the church in accordance with the Church Handbook. ## **PURPOSES** The purposes of the church are (a) the advancement of the Christian faith, primarily but not exclusively in Bradley Stoke and the surrounding neighbourhood, and (b) such other charitable purposes which put into practice the Christian faith including the prevention and relief of need, hardship and sickness, the advancement of education and the provision of facilities for the welfare of those in need. ## **ACTIVITIES** The church aims to introduce people to the love of God shown through Jesus Christ, to encourage those who already know God’s love to keep trusting in that, and to demonstrate God’s love in practical acts of kindness. To these ends we hold regular Sunday worship services and run midweek bible studies, a toddler group, youth groups, and outreach events; all these events are open to all. We also support charitable organisations which seek to advance the Christian faith and relieve need. The Trustees have had due regard to the guidance on public benefit issued by the Charity Commission. **BRADLEY STOKE EVANGELICAL CHURCH (BSEC)** ## **ACHIEVEMENTS** Following the removal of all COVID restrictions, regular meetings in our church building have resumed and are well-attended. Our Sunday morning worship services are still being broadcast on YouTube. Weekly meetings for young people have also restarted. Community Groups are meeting weekly for bible study, prayer and fellowship - on Zoom or in person. Our weekly group for toddlers is running normally again in the church building and operating at full capacity. In September the church celebrated Harvest and organised a special collection to support needy causes. As a result we were able to send a total of £18k to support the installation of fresh water taps in a village in Romania and the supply of bibles in several languages in India. The church also supports financially two missionary families, one working in France and one working with students from Asia who are studying in the UK. ## **FINANCIAL REVIEW** In the unrestricted funds, the results were very similar to the previous year. Expenditure rose slightly to £94k (from £92k), while income rose slightly to £116k (from £113k). As a result, there was a surplus of £22k this year (£21k last year). In the restricted funds we raised £18k for the Harvest Fund, all of which was distributed (see above). We also received £4k towards an increase in support for our missionary families. We hold reserves to meet unforeseen contingencies. Our current policy is to hold unrestricted reserves of at least 6 months’ unrestricted expenditure. At 31[st] March 2023 our unrestricted reserves of £99k represented over 8 months’ budgeted expenditure; of this amount, £30k has been designated for future building development work. Signed on behalf of the Trustees: Tim Sunderland Date ## **Bradley Stoke Evangelical Church CIO - Charity No. 1176613** ## **Accounts for 12 Months Ending 31st March 2023** ## **Balance Sheet** |**MONETARY ASSETS**
Current Account
Tax Rebate Due
**TOTAL MONETARY ASSETS**
**ALLOCATION OF ASSETS**
Manse Fund (Restricted)
CAP Fund (Restricted)
Missionary Fund (Restricted)
Building Development Fund (Unrestricted)
General Fund (Unrestricted)
**TOTAL MONETARY ASSETS**
**NON-MONETARY ASSETS**
Secured Loan on Property (see Note)|**Balance**
**Balance**
**31/03/23**
**31/03/22**
98,656
73,562
9,967
9,174| |---|---| ||**108,623**
**82,736**| ||1,838
1,838
3,500
3,500
4,000
0
30,000
10,000
69,285
67,398| ||**108,623**
**82,736**| ||**_25,887_**
85,572
85,572| Note: The loan was to part-finance the purchase of a manse and is secured by a second charge on the property. The loan is not expected to be repaid until the property is sold and has therefore not been included in reserves. ## **Peter Shelley (Treasurer)** 28/06/2023 Balance Sheet 2022-23 Accounts.xls ## **Bradley Stoke Evangelical Church CIO - Charity No. 1176613** ## **Accounts for 12 Months Ending 31st March 2023** ## **Income & Expenditure Statement** |**INCOME**
Donations
Gift Aid Tax Rebate
Use of Building
Youth Weekend
**TOTAL INCOME**
**EXPENDITURE**
Employees
Speakers Expenses
Mission Support
Utilities
Annual Fees
Maintenance
Supplies
Harvest Appeal
Evangelism
Youth
PA
Cleaning
Other
**TOTAL EXPENSES**
**INCREASE IN FUNDS**|**2022-23**
**2022-23**
**2022-23**
**2021-22**
**Unrestricted Restricted**
**Total**
**Total**
88,513
20,374
108,887
114,597
19,082
2,214
21,296
22,383
7,940
0
7,940
1,675
0
3,527
3,527
0| |---|---| ||**115,535**
**26,115**
**141,650**
**138,655**| ||53,513
0
53,513
61,515
1,320
0
1,320
520
11,210
0
11,210
10,800
3,800
0
3,800
3,547
5,011
0
5,011
4,242
4,564
0
4,564
4,897
2,825
0
2,825
862
12
18,588
18,600
21,880
1,259
0
1,259
716
1,924
3,527
5,451
1,241
4,025
0
4,025
0
2,840
0
2,840
2,600
1,347
0
1,347
1,245| ||**93,650**
**22,115**
**115,765**
**114,065**| ||| ||**21,885**
**4,000**
**25,885**
**24,590**| ## **Peter Shelley (Treasurer)** 28/06/2023 2022-23 Accounts.xls Revenue Independent Examinerfs Report to the Elders/Trustees of Bradley Stoke Evangelical Church CIO Charity no. 1176613 I report on accounts of the Church CIO for year ended 31 March 2023, which are set out in the Bradley Stoke Evangelical Church CIO~Statementof accounts as initialled by me. Respective responslbililles of the elders/trustees and examlner The Elderslrrustees are responsible for the preparation of the accounts. The Eldersnrustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 and that an independent examination is needed. I have based my examination on the Charities Act 1993 guidelines {as amended by the Charities Acts 2006 and 2011). It is the examinerfs responsibility to: Examine the accounts under section 145 of the Charities Act 2011 To follow procedures laid down in the General Dirertions given by the Charity Commission {under section 14515}{b) of the 2011 Charities Act). and To state whether any particular matters have come to my attention. My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a reviewof the accounting records kept bythe church and a comparison of the accounts presented by those records. It also includes consideration of an unusual items or disclosure in the accounts and seeking explanations from you as elders/trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequentty no opinion is given as to whether the accounts represent a 'true and fairf view and the report is limited to matters set out in the statement below. Independent examlnerfs statsment In connection with my Èxamination, no matter has come to my attention: l. Whith gives me reasonable cause to believe that in any material respert the requirements a. To keep accountin8 records in accordance with section 130 of the 2011 Charities Act b. To prepare accounts which accord with the records and comply with the accounting requirements of the 2011 Charities Act have not been met or 2. To which, in my opinion, attention should be drawn in orderto enable a proper understanding of the accounts to be reached. Paul James FCA 27 June 2023 45 Sunnyside Frampton Cotterell, Bristol BS36 2EH. Fellow Member of the institute of Chartered Accountsnts of Engfand and Wales