CHARrrABLE INCORPORATED NUMBEIL. 1199211 REPORT OF THE TRU5fEES AND FINANaAL STATEMEKfs FOR THE PERIOD ENDED 31 DECEMBER 2023 BURY REEr MMUNrrY CHURCH coNrENtS OF THE FINANCIAL ATEME Reference and Administrative Detsils Report of the Trustees 3to6 Independent Ex•minefS Report Statement of Financial Activities 8alance Sheet Cash Flow Ststement io Notes to the Flnan¢ial Statements llto15 11 Page
RY sIREc MMUNtTY REFERENCE AND ADMINISTRATIVE DEfAIiS Chrltable Inc(wporated number 1199211 Prlnclpal address Bury Street Community Church 339 Bury Street West London N9 9JW Indewdent Examlner AP Whitehead ACA 34 Illin8WOrth Way Enfield ENI 2PA Bank•rs NatWe5t 21 Gentleman's Walk NorwKh NR2 INA As$4Klall Fellowship of Independent Evangelical Churches 41 The Point, Market Harborough LE16 7QU
BURY STREET COMMUP41TY CHUftCH REPORT OF THE TRU for the Ended 31 mber 202 The trustees present their report with the financial statements for the year to 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance Wbth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective l January 2019). CONsnTUTION A group of Christians from Enfield Town Comrnunty Church IETCCI started meeting together in Bury Street in 2017. In June 2022 Bury Street Community Church 1.the Church) was registered with the Charity Commission as an independent Church and charity. The activities of Bury Street Community Church transferred from ETCC to the Church In July 2022. The Church is govemed by a constitution established in 2018. PRINCIPAL AcfiviTY The principal activity of the Church in the year under review was the advancement of the Christian faith in accordance with the Basis of Faith primarily but not exclusivelv within the London Borough of Enfield and the surrounding neighbourhood,. and such other charitable purposes as shall. in the opinion of the members of the Church in general meetin8. Put into practice the Christian faith in accordance with the 8a5is of Faith, includin8 but not limited to: the prevention and relief of need, hardship and sickness and the advancement of education.. The Church a150 provides facilities for the local community. The Church holds regular Sunday ser¥ices and weekly artivities and to grow a5 God's people, in order to go and make Jesus known to those around us. APKIINTMENT OF OFFICIALS Nominations for a new Elder may be made at any time by the body of Elders. The nomination requires the approval of the Church meeting with a minimum threshold of 75% of those voting. An Elder shall be appointed for five years and shall then be ellgible for re*leCti(. Deacons may be appointed by the Elders. They have no fed terrn but are reviewed annually. At present there are no deacons appointed. The Church Secretsry is responsible for the induction of any new elder which involves •n awareness of the responsibilities of the position. the governing document, and the Church's poly and procedures.
RY STRE MMUNITY THE TRUSTEE mber 2023 REVIEW OF THE YEAR Dougie Affleck was the Pastor of the Church since September 2017 until March 2023. On Sundays and during the week, age related activities for children were also provided. The Church also provided a Mum5 and Tots group. and women's and Men'5 study group. All these activitie5 were open to the general public. The Church continued to invite the public regularly by leaflet campa¥ns and knocking door to door. Over the year. Sunday morning attendan¢e5 have genernlly been between 40 and 60. The Church continued to supp(Kt our mi55ionary family in VafiOUS part5 of the UK and abroad. FitruRE AcrivrriES It is the intention of the Eldefs to Continue the principal activities as set out above. RELATED PARTY TRANSAcfioNS There were no transactions with related partie5 during the year.
BURY sfREEf COMMUNtTY CHURCH REPORT OF THE TRUSTEES lor the rlod ended 31 Dec r202 FINANCIAL posmoN The Church made a surplus on unrestricted funds of £45,65812022: £14,492). The surplus Included a transfer of funds from Enfield Town Community Church 1ccI of £13,144 to provide initial workn'ng capitsl for the Church ETCC provided a grft of £IO.OLM) in June 2022 and continued to receive donations 1£18.380) towards the work ofthe Church after June 2022 and used these funds 1£19.6871 to meet some of the Church's expenses transferring the remaining balance of £13,144 in 2023. RESÉRVES POUCY The objective is that the reserves of the Church are sufficient to fund the activities for three months. At 31 December 2023 the reserves are sufficient to fund the actlvlties of the Church for six months based on the costs budgeted for 2024, once 3 new Pastor has been appointed. RISK MANAGEMENT The elders have conducted a review of the major risks to which the church Vul be exposed and systems are being implemented to rniti'gate those risks where possible. The ri5k5 and systems will be regularly reviewed. ELDERS AND OFFICIALS The eldeT5 and officials in office during the year were a5 follows'.- Dougie Affleck (until March 20231 Ni8el Williams Veeman Masillamany vOLuEERs The Church's artNlties refy on the commitment of large number of volunteers. The Church fecognises the contribution that the volunteers make in the sustaining of its artivitie5. TRUSTEES RESPON5181LmES Charity law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the Church and of its financial artivities for that period. In preparir8 those financial statements the elder5 and officials are required to: lal sdect suitable accounting policies and then apply them consistently; Ibl make judgements and estimates that are reasonable and Prudent;
Icl state whether the polKies adopted are in accordance with SORP 21X)5 and with applicable accounting standards, subject to any material departure5 disclosed and explained in the financial statements; Idl prepare the financial statements on the 8oin8 contem basis unless it IS inappropriate to assurne that the Church will continue. The elders and deacons are responsible for keeping accounting records vthich disck)se with reasonable accuracy the financial positTron of the Church and to enable them to astertain that the financial statements compty with the Charities Act 1993. They are also responsible for safeguarding the assets of the Church and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities. Signed on behalf of the Trustees N Wllliams 22 Ortober 2024 61Page
REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF BURY STREET COMMUNrrY CHURCH I report on the accounts of the Church for the period ended 31 December 2023. which are set out on pages 7 to 14. Respectlve responslbllltles of trustees and examlner The Church's trustees are responsible for the preparation of the accounts. The Church's trustees consider that an audit is not required for this year (under section 43121 of the Charlties Act 1993 (the 1993 Act)) and that an independent examination is needed. It 15 my responsibility to: exarnine the accounts (under section 4313}lal of the 1993 Act); to follow the procedures laid down in the General Directh?ns given by the Charlty CommilOnerS (under section 4317llb) of the 1993 Act); and to state whether particular matters have come to my attention. Basls of Independent •xamlnerfs rep¢xl My examination VAS Carried out in •ccordan¢e with the General Directions given by the Charity Comrni55ioner5. An examination include5 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 seekin8 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 expréss •n audit opinion on the view glven by the accounts. Independent examlnees stat•nent In connertion with my examination, no mattef h45 Come to my attention: {11 which gives me reasonable cause to belleve that in any material respert the requirements to keep attounting records in accordance with section 41 of the 1993 Act,. and to prepare accounts which accord with the accounting records and ¢omply with the accounting requirements of the 1993 Act have not been met; or 121 to vthich, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. AP Whitehead ACA 34 Illin8WOrth Way Enfield Middlesex ENI 2PA 22 October 2024
URY STREEr MM NITY ATEMENT F FINAN IAL ANITIE En 31 Decem Unrest. Totsl 2023 Unrest. Restrlcted nds Total 2022 17 nKbnths) funds funds fvnds Donations and I Glft from ETCC Investments Charitable activitle5 Total Income acies 70,405 13,144 152 4,262 81,963 2,510 72,915 13,144 152 4.262 .473 24,797 iO,OCK) 24,797 iO,L 2,510 34,797 34,797 Church artlvltles Totsl expendlture 42,305 2,490 2,49) 44,795 20.305 20,305 20,305 Net Inctyne for the 45.658 45,678 14,492 14,492 Transfers between funds Net mthiement In fufftds Total funds bro4ht forward Total fvnds carrl•d f0Th4ard 6301 45,028 14.492 630 650 45,678 14,492 14.492 14.492 S920 60.170 14N92 14N92 CONTINUING OPERATIONS All Income and expenditure has arisen frorn continuin8 actmties. The notes on pa8e$ 11-15 form part of these financial statements. 81 Page
BURY sfREET COMMuf4rrY CHURCH BALANCE SHEET At 31 December 2 Notes 2023 2022 17 months) H¥ed assets Tan ible assets Current assets Debtors Cash at bank and in hand 1,912 58,258 14,492 Net current assets 60,170 14,492 Current liabilities Total net assets 60,170 14,492 The lunds of the thail Restrlrted unds 650 Unrestrlrted nds General fund Totsl unrestrlcted funds 59,520 59,520 14,492 14,492 Totsl fvnds 60,170 14.492 The financial statements were approved by the Board of Trustees on 26 September and were sned on its behalf by.. NIHLJJ N Williams -Tru5tee 22 October 2024 The notes on pages 11-15 form part of these financial ststements.
BURY STREET MM NITY HFL ATEMEt En ber 2023 2023 2022 7 months) Cash flows from eratln acilvftles Cash enerated from o erats'ons 43,918 14.952 Cash flow5 from Investln acll¥liles Interest received 152 Cha e In cash and c8sh ulvalents In the f od 43,766 14,492 Cash ash ul¥alents at the nnln ofther 14,492 Cash and cash e ufvalents at the end of the r 58,258 14,492 RECONCILIATION OF NET INCOME TO NEf CASH FLOW FROM OPERATIPIG ACTIVITIES Net Incrfme for the reportlry pwlod from the Stat•ment of Rnandal Artl¥ltles ustments Depreciation char8es Interest received Increase in debtors Increase in creditor5 45,678 14.492 152 1,912 Net from ratlng actmtjes 43,918 14892 The notes on pages 11-15 form part of these financial ststements. 101 Page
8UftY STREET COMMUNrrY CHURCH Not o the Flnandal Ststements ACCoU1NG POLICIES Basls of preparlng the finandal staternts and assessm of golng £(eM The financial statements ofthe charity, which is a public benefft entity under FRS 102. have been prepared in accordance with the CharitiesSORP IFRS 1021'Accounting and Reportin8 by Charities: Statement of Recomrnended Prnctice applitable to charrties preparin8 their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 leffective October 2019),, the Charities Act 2011 and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. The trustees consider that there are no material uncertainties about the Church's ability to continue as a going concern. Incomlng resources Voluntary income is received by way of donations and 8lfts and Is Included in full in the Ststement of Financial Artivities when it is receivable. Legacies and donations are included in the Statement of Financial Activities In the year in which they are recelved. Donations arising undef Gfft Aid are accounted for on the date of receiptand provisions are made for income tsx remaining unclaimed at the year end. No value of serwces by ¥olunteers has been included in these accounts. Expendlturè Gifts and donètions represent amounts paid by the Church to support organi5ations with Similar aims including the support of members of the church undertaking work in furtherance of the gospel outside with other organisations. Debiors Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid. Cash at bank and In hand Cash at bank and In hand includes- cash, bank current accounts and bank deposit accounts with no wlthdrawal Ilmitstions. Credltors Credbtors are recognised where the charity ha5 a present oblpaation resulting from a past event that will result in the transfer of funds to a third party and the èmount due to settlethe obligation an be measured or estimated reliably. Credltors are recognised at their 5ettlernent amount. 111 Page
BURY MM ACCOUNTING pouaES (Contlnued) Table fixed assets Fixed assets for use by the Churth wtth a value of greater than £l.fth afe capitalised at cost and depreciated. Depreck4tion is provided at the following annual rates in order to write off each asset over its estimated useful lrfe. Tax•ilon The Church is exempt from tax on its charttsble activit$. Fund ac(ounilni Unrestrictedfunds The general funds are donations and other income received or generated for the objects of the Church without further specrfic purpose. Restrlctedfunds The Chrlstma5 offerlng fund re¢el¥es the proceeds of a special offering at Chr15tmas services which Is dirtributed to good ¢au5es identlfied by the Church leadership. The Giving to those in need fund provides financial help for church members / our mission partners who are in flnancial diffKulties. Nnandal Instruments The Church only has financial assets and financial liabilities of a kind that qualfy as basic flnancial instruments. Basic financial instruments are inrtially measured at transaction value and subsequently measured at their settlement value. Penslons The Church contributes to pension schemes nominated by the staff. The contributions are accounted for in the period in which they are recervable. 121 Page
BURY STrE COMMUNrrY CHURCH Notes to the Flnanclal Ststements Donatlons and legacles 2023 Unie5tricted funds 2023 Restrirted funds 2023 Totsl funds 2022 Unrestricted funds 2022 Restrlrted funds 2022 Total funds Regular givin8 Other donations Giftaid Donation from ETCC Totsl 60.161 1,703 8,541 13.144 83.549 60,161 3,963 8,791 13,144 86.059 23.565 602 23,565 1,232 2,260 250 630 10,000 34.797 io,oc 34,797 2.510 The donatlon from ETCC Is the part of funds hekl by Enfleld Town Cornmunhty Church from the funds that were used to establish BSCC. Charitsble actmtles 2023 Uniestrlcted funds 2023 Restdcted funds 2023 Total funds 2022 Unrestrlcted funds 2022 2022 Total fvnds funds Staff costs Premises costs Other costs Ex endlture Totsl 10.255 23,451 8,599 42.305 10.255 23,451 11.089 44,795 9.879 9,228 1,198 20,305 9,879 9,,228 1,198 20,305 2,490 2,490 Trustees remuneratlon and benefits Remuneration during the year wès paid to one trustee Dougie Affleck. totsllin8 £9.685 in respert of his employment as Pastor of the Church. Dou8ie recewed no remuneration for hls involvement as a trustee. No other benefrts were received. or expenses reimbursed by trustees during the period ended 31 December 202312022 Nill. Staff costs 2023 Unrestrfcted funds 2023 Restrlcted funds 2023 Total fvnds 2022 Unre5trfcted funds 2022 Restrlcted nds 2022 Total funds Wages and salaries National insurance Pension costs Totsl 9.685 9.685 15,888 15,888 1,659 1,192 1&739 1,659 1,192 18,739 570 10355 570 10,255 The remuneration is that paid to the Pastor, C*)ugie Affleck who left during 2023. Prior to I September 2022 the Pastor was rernunerated by ETCC. The average number of employees during the year was as follows: 2023 No. 2022 No. Pastor 131 Page
BURY EET MM Nrry eFln ents 6. Debto 2023 2022 Other debtors Total Gtft aid receivable) 1,912 Movement In fvnds Balance at l January Inc(#ne Expendlture Transfers Balance at31 ()ecember 2023 Unre5trlrted General fund Totsl unrestrlcted funds 14.492 87.963 42.305 630 Restrlrted nds Christmas offerin Givi to those in need Totsl resiwlcted funds 1,160 1.350 2,510 11.1401 1,350 (2.490) 630 650 630 650 Totsl 14,492 90,473 44,795 60,170 2022 Unrestrlrted General fund Totsl unrestrlcted funds 34,797 34,797 14,492 20,305 Restrfrted nds Givin to those in need Total restrlcted funds Totsl 34,797 20.305) 14,492 The General Fund is donations and other income received or generated for the objerts of the Church without further specifK purpose. The Christmas offering fvnd receives the proceeds of a special offering at Christmas services which is distributed to good causes identified by the Church leadership. The Chur¢h estsblished a fund which provides finan¢ial help for thurch members l our mission partner5 who are in financbal difficulties. 141 Page
BURY STrEEf COMMUNITY CHURCH Notes to the Flnanclal Ststements Net assets by fund Cash at bank and In hand Other net currenl Balance 2023 UnrestTlrted General fund Totsl unrestrlcted fvnds nds 57.608 57,608 1,912 1,912 59.520 59,520 Giving to those in need Totsl restrlcted funds 650 650 650 650 Total 5&258 L912 60,170 2022 Unrestrlrted General fund Total unrestylcted fvnds unds 34,797 34797 120.3051 {10,305) 14,492 14,492 Total restrlcted funds Tot•1 34797 20,305 14,492 9. Enfleld Town Communlty Chuith The Church was stsrted by Christiansfrom Enfield Town Community Church (Efcci meeting together in Bury Street in 2017. In June 2022 Bury Street Community Church 1.the Church) was registered with the Charrty Cornmi55ion as an independent Church and charity. The activities of Bury Street Community Church transferred from Cc to the Church in July 2022. some income {£18,3801 continued to be received into the accounts of Enfield Town Community Church and this was Used to pay Bury Street expenses1£19.6871. The net income was added to the designated fund and the balance of £13.144 was transferred to the Church in 2023. 151 Page