Ch*rity Numhr,. 1205549 BROXBOURNE COMMUNITY CHURCH Annual Report and Unauditsd Flnancial Statements for the financlal year ended 31 December 2024
BROXBOURNE COMpauNITY CHURCH CONTENTS Trustees, and Other Infomiat Trustees, Report Staternent of Truslees. ReSp[bilIt Ind8pendent Examinef8 Report Stalem8nt of Financial ActNits88 Balan Sheet 10 statement of Cash Flows 11 Notes to the Flnan¢ial Ststemnts 12-16
BROXBOURNE COMMUNITY CHURCH TRUSTEES. AND OTHER INFORMATION Trustees Patrio"a BabatLThJe {Ap4nted 3 January 2024) F$fuwa Mary Ogirwi ¢ArperIOn Ol•dayD Akwiklu EIEaju Charity Numb•r In Englnd and W•l•¥ 1205549 Prfnclpal Addm• 45 Old Oak Avenue Goffs Oak Waltham Crcos H8rffordshiro EN76EW Uniled lQngdom Ind•p•nd•n¢ EMInr Chequers & Jo Ltd Prfn¢lp41 Bank•rn Lloyds Bank 98 vloria Str•et Lmd SW1E SJL
BROXBOURNE COMMUNITYCHURCH TRUSTEES. REPORT forlhe finan&¥l yw erthd 31 OecnLw 2Q4 The iwstees pr¢#ent their Truste, Rep)rt and ts L¥la fina4 Btstenwts the firAndal year eThJed 31 D•¢emb8r 2024. The financAal $tst&ments are wep9red in actordarte the Chariis kt 2011. FRS 102"The Finw)dal Reporting Standard applubla in Ihe UK and Rowb1 of Irelarf Accojntvig and Reporting by Chaiiti88.. Statemenl of Recommended Pr8ctice applicable lo drrtIeS préparing their finanaal slalenwts In 8ccordance with the Flnanc ReptyliTrJ stard apicat)Ie in the UK 8nd Rerwtk of I18nd (FRS 1021. The Trustses. ReFth1 ¢Mtains the infon1tIcffl required to be provhled in the Twstees, Annual Report under th8 Stsiement of Recommend¢d Practice ISORP} guJelin•s. truslees of the thadty are also tharrty tru$lee8 fcff the pur6• of charity law and under th th8ritY8 C4]ly1 are kn( as mwnbers ofthe board oflru8108S. In this raport the Iru8legs 018ROXBOURNE COMMUNITY CHURCH pres•nl a 8urThnary crf Its pu088, g0veman, acti1&$, othleveThnts and ffinance8 for ts fThrKi81 year 31 Docember 2024. The charity is a regist•r8d ¢harity and aMhoL4h r)t oblipj to comth with lh& Stslement of R•cornmend8d Pra¢tice applica8 In thè UK and Rpt ol Ireland FRS 102. t organ15atK has impknmented ils recommendations whe rean1 In th•8• finwKlal $lalwnts. Stru¢tur•, Gov•m•nc• and PI•MgDment Structur• CONSTITUTION Broxtr•Jume Communty Churc (Fcvmoty Ono) was regl8t8f&l a& a dTty on 02 Novemlxr 2023. Th• govemlng docThnt Is the ConslitUt, dated 19 SWwnber2023. We a Chrlstian tharity nmItt lo extethg a hafyTrJ hand lo p8rson8 of f•ith 8nd no fr{ all walkB of life who are experndryJ SvJnlfit lrfe tha1r$S. provkle past 8UPkM)rt, L))un8ellir¥J, money a¢Mce. heAllh and well-b•ing serv$. W¢ PfovJe s¢te$ thal help •mFxywer p80, Smprove Iheir w•llteing and 8tr•ngthen communib•8. The main c4ecUve of th• Charily w8$ lo further the 8dv¥ncThnl of th8 Chr66ti•n relalOn throuBh Chts1 ma•llryJ8, seminars, bible study. c%Wrwlng. 8TrJ SPDn¥orfng of r)v#rty•ekn8ng kYogramm•s. EJ8Ction 8nd AFpoinlm8nt ofTnJ8tee$ Tho man8gemenl of Ihe Charity is the r•w5ibility of the TnJ8ts•6. wtho are eleced co.opi¢d under the 1gmi6 of the Constitution as a Charitalle IrKorwat•d Orgonon. Trustees Ove thth'rltffle freely, and no Trustee [1Ve$ any remUtiOn during year. Being Ihe Ilryat sel, the trustees named in fv 1fton ar8 8pFointed for a tom 014 yeais. Subsequently, appointsTrts of new twstees vnjl b8 for a temi of 3 Yr8 by 8 re8c4jt¥ pass•d •1 8 propedy c4)nvened meetinq of the tharity trustees. TRUSTEES INDUCTION AND TRAINING Most Trustees are famrlier wrth Its of th• ¢1c and Charity. Tly are prrfvidtd wrth COF48$ of the Charity Comml88bn's guidance to Trusteos and are intrc#Juc4d Ihe acivitEs of the Charity by the existing board. These inchjde ¢)IvJalions of Trustees. the main dolment whth sel our the op8rnlional frarnewck for the Charity Irluding the Memor8ndum and Artides ofAssocwb"on, fijre pla 8rnJ obltr¥es. Furthennore. all Iru$lep8 are encour8ged to allend training SnIn8r$ wovided by extemgl owganisations. ORGANISATION STRUCTURE AND DEcIsIOlAKING A Ired reptstng Struclure has bten adopted. prpvi¢ng a dlnented aThJ altable trall of acCoUntsblty. Th8 procedures aJ¢ rev$nI rO£S all operations and for SLrcs8i¥e levels of airthority to be yi¥en at hher 18v•ls of managerrnt. The Charity was a(kn)iiisteTed by twd of Tntstfjes aB lthj in tr refrrs a1 alkninistrth infcrfrnalion secbon. Trusteès, the Pastor8J Toam, and tt Adminislrative Twi wcrfk in ham)ony, eac ntributIng their unique gxperb8e lo the Ch41iVs operations. This cdlatoratwè appfoath etive t))orfination and adminislra1ion.
BROXBOURNE COMMUNITY CHURCH TRUSTEES. REPORT for the financial year ende(131 Oecember 2024 The Pastoral Team Is pn'marily r?5FJnb$a lor refvjiws aThJ w¥ilu#l matters. vANle the Administrative Team manxges th• day-to-day runniThJ of the Charity. This clear dWIOn of re¥Kmsibiliti&s ansures that each team can fctyw8 on their spedfi¢ a. o)ntribubng to the overal suc¢¢ss dthe Chw6ty. The Pa8toral and Administrallve Teams operate thder a syem of ac£ounl•ts"lty, ting to Ihe Twst8es on mgttern related to govemance. ¢burdJ fi1$. the day.ttrthy of thurth. This en8ure8 trartsp8WTh upholds Charftys integrity. RISK MANAGEMENT The Twslees have assessed ihe mpior risks to the Charty is eX[ed. pa.¢118rtY those relabng to th• OP8rats'Tr)s and fina& and are satisffied wilh the wk Maftagent Syste In plac8 lo mrtvdate any risk exposure. FUTURE DEVELOPME The Charfty will continue trj explore variws ways of $Prla the Gospor of c81 in an effective manner. The Charlty is also boking to exp¥nd Tts membership and cOntlue lo develop its rrember8 to make a life-thanglng impact In Souety, ¢Stsl$h addit1 branchos. l•¥erage m&tha. and ffldntaln a fccJ8 on 8dMties that oh'gn vlth the Charfty's ot4e¢lNe8. R•vl•w ofActl¥lttM. Achl•v•m•nts and P•rforMan a. M8in ace¥¥ments of th8 Charity The church conliN$ to devglop 8 Blrong famity Nfe his v8ritxts seNicos engaged with members of the Community. And lo thi8 end, v•rityM programms as wwen'$ wxl rrw'8 &)rrferences wwe organis&d online during this year lo k¢•p addresslng b8ue8 of porerfNJ, dlb•gr)g, and child educall)n as well 88 C4re deI0ent among our men and women. b. R•vitrw ol actlv1ti•8 Broxbourne Communty Cburth, In Its year 9$ a chartty. has made a wjslllw impt on our kxal cornmuniUe$. The Trustees. recognriity the ChanV$ gcK#J perfomiance, are dadted 10 6nhwKing our actNItl and fcTlitie$ for Ihe 8dv8nc•menl of th• Chrf81 f•knJM. The Charity seeks io further enhan wblic benellt by hieracling wilh Ihe 81 Cj)mmlty, wh¢re we operate through tharitable gNlng, oulreach prc#armnas. 6upr•Jl for ctynnwnity initiauves. and oth•r 8wal-related pmgramm•s. Ch8fty contlnues to play a vital rok In 81wrxvtiro iThthvK1uafs wrthin th& o)mmunlty. part1a faong debt- related issues & SLKial IntW•Cbon. The Clwws within the perlod inr1 on•-loth• ppOrt. M8riam s Afiernoc Tea, end r¥Jr church Serytss. One n¢>table ¢08e from thè fy)e-twne wppty1 invot¥ed a 7&Yearj genll•man (Mr Pl who h1 lost acc•ss lo his support neh¥ork and wa8 un#e io ca)ntact his GP or daim any berEflts. His had deteriorated to the point where he was CLgle¢ting food from t4'n5. Our Chafity team Inteefted by providing him with a Mots phone and a weekly sub8i8ten¢e 811cwance. faolitaling o)ntaL# wilh HMRC and his private pensp)n provthrs, 8nd pding acee88 to a Ie bus pass and a h¥-dady me8-on.lS serv. As a resith of our support, wthin Ihrso rnonths, Mr P WBS rfving his state pens of awoximalety £1,Cth rw. mortth had 6ec#Jred 8 lunw sum poyrnenl of £70,0 frcm hi$ kYiv8te retirn1t. On9 I1h o irKom? of£2,CK¥). mari,$ AFfERNOON TEA. iThbdly launthed to suppjrt indNidual$ aged a1 over, h8$ evcAv&Y Vrto a wdcomng spa for al mem15 of Ihe communlty, recc3nisirg th8t loneliness ¥nd wcial isc48tion affed people of am ages. The Charity L8 t>)mrnitted to eworrng naw UeS to $Xe mkni a r•)slbve Impact the communty, in line wrfh our obi8¢fve8 and visw. c. FundrsIng Activit Irne GerK Th& Charty's income is dependerrt on tilhes arJ offeriTrJs fmm rrbers. prtsJ, wnts ovJantsed to promo1• the Charitys oth1t.
BROXBOURNE COMMUNITY CHURCH TRUSTEES. REPORT f¢rlhe financial year ended 31 D8¢wnber 2(Y24 Flnancial Rovl GOING CONCERN Tho TruBtees a TeaBon4e expectthn that the Charly has suffi¢wt reBources to c¢)ntinue operating for I foreseeable fUtsj. For this reason. thty adopt the golng nCErn basis in the pparatton of the ffinanc+al ststements. Further details rggarding the adcytTh oflhe gwg ¢owKem cw be f¢)uThJ antIng pc4ioes. RESERVES POLICY Th8 TruBtee8 deemod it fil to mointw'n free reseryes in Lmretstrted funds At 8 Jevel that aquat•$ to approxfvlgty three months of unreslncled charilaA• exJ[ture. Tlw constder Ihat this level ¥11 provide Sufficient funds for runnlng Ihe minty8 administrative And ministerial costs. The result8 for Ihe fffianual year ar9 Wt out C page 9. and addithThl notes are provided strthn9 income and eKpendttu in greater detsil (arall ¢rne foi the year waB £57.833, 8r#Y the t(rtal Exrnses were £45,120. At yearond, tha charity's net assets totalled £12.615. At the end of Ihe finarKial yèar. the chathy has assets of £18,552 and liabilities of £4,039. The results for the fin31 year are presented on Ihe ll'r poge. 81orq wth addthonal notgs that provhJ8 a mor¢ detarfed breakdown ofin¢orn •r¥J expenditure. In accordonc vAth tho Con$tittrtion. Inth•8 relire by rotatim I. L*ing elli8. themse8$ fty rn418don. Compllane• wlth S•¢tor-Wlde Legr•l•tl¢)n •nd St•ndard• The Charfyes SORP IFRS 1021
8ROXBOURNE COMMUNITY CHURCH STATEMENT OF TRUSTEES. RESPONSIBIUTIES for th• fnCIal y•arttnded 31 0o¢emtr2024 The tru8t•os are r•8pon8i1e tsr w•parkng the I¢•1 slat8ments kn aoxrdanc• ilh aFpliuble law and r•gul1b. The law applicat46 to ¢harities in ErvalaThJ and iequ08 the tnJstee8 to Wer financial statem&nts frJr each finan1 year g true and fAlr ol the uaets. Iklknliti8s and fift1nd p)shlon of the charfty as at th# finoncial yearend d4t• and ofth¢ ordgfi¢al oflh¢ ¢harity and oth¢Tre conwty wth the Chgrities Aet 2011, In prop4rfrrfJ these fin4ndal staterrnts, tho Iruth•s we rewrod to: sel8d 8UitAb a¢¢ountSng poloes and 8PPty them c>)n¥istenty.' m8ke judjements and accounting •8tinat•s Ihot arn reasonable and wjdont.. Jt•te Ihe finandal Stalennts hth been y•pwed Mi o¢xortlance Trmlh applicatae a¢Gountlng st8nthrd8 Jenbfy th080 81andards, note th• •ffect and thè reasons fvr ary ftMl•rial depjrture frDm those ¥la&rs. and prnPa Ihe firon¢t•l 3tatam•nts on th• ¢>)rw ba•ts it is inapwopriale to pYtss¢Jrfft th41 tho diarity 111 nInue in 0rItiC. Thé Irustses conffmi Ihat Ihty hav• conWiedlth th• above rIquk•nnts ffi FY•pwirg th• ffinand81 sl•lements. Tho trustee8 are r•sp)n8it)le for k••FiryJ odoquale •ccounb"ng r•cKJrds th•1 are 8uffi¢iont to ghow and explain the thaJ?V$ tranMcUon$ and d'sdme w1h rnasonat4e a¢xurncy Al any tim• the finanaal p08trbon tsf ¢haiity and •nat49 them lo •nwr• th•t the finandal •tst•wnts c¢nyly hilh th• Chanlmii Acl 2011. Th•y are 41w ro8poTh•lbb for •al•guarding the 888•ts 01th• th4rity and hce fr)r lakhlg reasonabh Stsp6 for th• yevenlp?n and detacti¢n ol fraud and olher 4nd •1grnd •n it• b•h•ll by: Old•yo Aklnlolu Elugwu irp•r•rJn
BROXBOURNE COMMUNITY CHURCH INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF BROXBOURNE COMMUNITY CHURCH We have ex8min the Ilnjnoal ststements the chanty for Ihe findlar y•ar erkJ8d 31 December 2024. wPach conwrise Ihe StsleNnt of FinanLial Adivibes, the Balanc¢ Sheet. tr Stslgmont of CaBh Flows and tho related rb)te8. Th18 report m8de sdety to the chartys rrembers, as a ttsjy. in aLrd seCtn 145 of the Charithes A 2011. Our work has en undertak9n so that we might ujnplb financial statements that we have been èn98ged lo compile, rep)rt to the Board of Tnjstees th8t we have so, and stste ihose m8tt&rs Ihat w8 hove 998 lo stat• lo them In this report and for other puwe. To the fvlest extent pefmitle¢l by low. we &) noi attept or awme re6buty to anycTh other than chwity and the thwity's memLws, 08 a btryy. for our %%th. or for thi$ report. RpeCtIv reBpon81bllltl•¥ of trustees and •x•mlner The tharitys trustees are reSponsie for the preparati of the tlnaTrl slatements In accordanco th Ihe requirements of the Chariti•$ Act 2011. The tharity's Irustees consk4èr that an audit is not reqd for thls fin•)dal year und•r SectM 145 of the Chath kt 20118nd that an Independent xJminalion is required. li is our r•sF)n81Nlty to: examlne th8 fin8nu81 staternnts under sedion 145 of the Act., follow th¥ prccedures bkl by the genernl Dkectths gNen by th• Chaty Commison ge¢AI)n 14515) of the Charities Act 2011., arKI Stole wh&lhw pWIr maltern have to our attenl1c. Ba•1• of Ind•pend•nt examln•¢• r•port Our oxamlnalb)n was c4thed oul In arLordW• thh the geMrnl glven ty th8 Charity ComThw8Bion. An exarnination indudes a revivw ol Ihe acunIng roctyds kopt by the chartty aThJ a comp8ri80n of the finanoal stsl•ments presented with Iho8e recird8 It aL80 indude$ wsider8don of any unusual iterns or d5Kbsurt6 in the financkfjl stat&ment$ and seeking explanalhm from Ihe Iruslees coreM9 any $uch matters. The procedures undèrtaken do nol rtie all tho avi(knr thbt wcmjkl b& rewired in an audll and SeqUentfy no oplnlon18 given 08 lo whether the accounts presonl • '1 and falrf virmf the r•F4)rt is Imniled lo tfvxe mattorn Jet out in th8 Blatement baltrw. Ind•p•nd•nt •MIn•¥ •tst•m•nt In o)nnedlon with our exwnination, rn matter to attention u8 CaLiie lo boli•¥ that In, material respecl.. ¥wJunling r•¢Lvd8 Mryjre not kept In 8wy¢larte wilh section 130 of th8 Charities 2011 the fmanaal stgtements do not acoyd wrth those accounb"r¥J re)rdS Ihe financagr st8lements do not coffwy woth the acroLmtitvJ requrrements crfth8 Ch8rilio$ A Ihe financ1 statamènts have not In prepwed in t0rd8 wilh Stat8mnl of Rec¢)mm8ndod Practice appllcable lo chanliss pre11r thr 8ccour)ts in c0[darKe with th? Finar Rep0 Standard aWk8ble th8 UK and Repubuc of IreLgnd IFRS102) there 1$ furth8r inlomi8lion ded for a pwp•r und8rstaThlirvJ of thg ¢£thUnts to bo reKhd. Wo hav• no conceThts have c&Yre auoss no other matter6 in clMnIln With the examln•tion to wch att8nttC 8hould drawn in thffj report Ni order to enabl8 a proper uTrderstdk¥ of lh• finwK4al statemeNs to ba reached. CHEQUERS & JO LTD Chartered A(£ountsnt ..20 Juty 2025....
BROXBOURNE COMMUNITY CHURCH STATEMENT OF FINANCIAL ACTIVITIES foi the firranaal yr eThJed 31 Dec8mber2024 Totsl Fund$ 2024 Funds 2024 In¢om• DonatIcS and 9CleS 57.633 67.633 Expenditur• Ch•ritatAe actlvthgs 45.120 48.120 Ilot Incom•ll•xp•ndtturn} 12,513 12.513 Transfers between lunds N•t m¢v•ment in fvnds far th• finwKl•l y••r 12.613 12.013 Totsl fund• at th• •nd of th• yMr 12,513 12,513 Th8 Statgment of Financial A4]¢8 IJud88 all 9ans Ale r8(yl8ed In tho finarwl year. All InGoTh and e¥pendrfu rolgte lo contswirrfJ aLvitw. Thè notss on pages 12 to 16
BROXBOURNE COMMUNITY CHURCH BALANCE SHEET 4$ al 31 t¢erfiber2024 2024 Notss F•x•d Asi•l• Tan9iblo a88ats Curr•nt A•ts C•8h at bank and In hAnd 16,031 CY•dltorn'. Amounts l•lllnq du• Tth Qrn io {4,0391 N•t Currnnt AM•iWbUlth•) 11,992 T¢tl A•Mt• l••• Cmnt UAblllll•• 12,513 Fund• Gen•rnl n (unr•ric18d) 12.613 T¢)tsl fund• 13 12,J13 The fin8rKil itAt•mgThts hav• b••n In accordan vith the FrfDwsloni AFP11 to COM•$ $ubl•¢t lo th• small 0)mpaTh. and in 4cLwdanu Ffts 102 Yh• Flnartdol R•p)rtln9 Sland•rd 4P1.b Ni th• UK 4nd Republic ol lrnL4nd', &p*'ng S•etson 1A oflhot St&n<l8rd. Appmwd by th• Brd ol and •uth¢)thd lorl••u• an b•h•ll by 0112075 •nd •lgn•d 4)fi It• Cthd•yo Aklnlolu Elu4Wu ChAlrp•rnon he rKlPBC p4e& 1 to16fomFqrtrfthg 10
8ROX8OURNE COMPIUNITY CHURCH STATEMENT OF CASH FLOWS forthe fmanaal yew erxled 31 Decmber2024 2024 C•¥h flows from opor¥ting xthtttl Ngt movement In funds Adjustments for: Depretsation 12.613 174 Movements wothng e4pltl". Movement in credtorn 12.687 4,039 Cash generated from Operfic$ 16.726 Ca•h flow8 from Inv•tlno •clfvitl•• Payments to acquire tsn0Ib assets (6951 Cash and c••h •wfvol•nts at th• •nd of th• y•r 16.031
BROXBOURNE COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS for thé finanryal year ended 31 December 2024 GENERAL INFORMATION BROXBOURNE CcMuNITy CHURCH is a tharity OThr[ated in the Untted Kingdom. registerod office of the charity 1$ St. Laee CtKwth HaN, Church Lane, BROX80URNE. Hertford8hire, EN 10 6LB. Unit8d n9orn whth 1$ also the "ne1paI pkce of iw$rness of the charrty. The finanaal stslernents have been prexnted in Pound 1£) whith is also fuonal ojrrory ofthe ¢hW. SUMMARY OF SIGNIFICAMT ACCOUNnNG POUCIES The folkjwing )unting polKie3 have (£¥wstthly kn dealing Imth Items vthith aro o)nBidered maleiial in relgtK)n to the d)arfy's finaThial $latWYLen Basls of pryrntion The finanoal stslements have btsn prep8rJ M the goiTr3 conc•m basis uTraer hlslorical cost o)n¥entk), m(xlthed to iJWwJo cerfain item$ al lair value. Th& statwnents have beèn prePad in aGr{la wrth Ihe Statement of Recomm•nd8d PrlIce ISORPI "Accountirg and Reporbng by Ch•ritle8 preparing Ihelr accounls in accordance with lh Fin•rlar Rep)tlng stjanI •prfuble in th& VK and Republ of Irebnd FRS 102". apptyitvj Section 1A of th•1 Slandard. As p8m)itted ty the convan A¢t 2CTh. Ihe thaiity has var18d th• 818rkYard forniats in 1h8t act fci t Statèment of Finana•l Actryil the 88Jance SheeL Departures the stsndard forn?ts are to comply th Ihe reqUMnts of lh• Chafiis SORP arKI in L¥>ml9 iectK)n 4.7. 10.6 and 152 of ttsl SORP. St•tsm•nt ol Clp11•n¢• Th8 fin8nu818tstemonls ol Il Ltharfty Iho fina181 ye8r eThJ&J 31 Oee•mber 2024 havo bn prepared on the going cmewn ba81$ and in aCCnCe wllh Ststeffnt of RMMtsnded Pra¢ttce ISORPI AcoJunUng ¥nd ReF¢Jrting by Charities pparing their ac£4unts In accorda wrth the Flnano81 Rtportin9 Standaid applublo in tha UK and Rowblcof IrelaTrJ FRS 102". se(1 IA of thal Sl•rthrd. Fund accountlng The Idlowing a th8 cat•ws offiJnd$ mgu#ii•d: R••trictsd fund• ReStted fvJ)J8 rèpfesent in¢J)me rec•iv•d which can cty b• used for pgrtW8r wrpoBe8. 88 $p•dfled by the donors. Such purposes Mthin the ov¢raU c88 ofthe thartty. Unre¥trfcted fundi UnreBtricted fLmds consist of General and Deslgnd ld - Gentr funds rnpresent are eXpekn at th& dlsuelion of the board, in lurtheranca of Ihe objÈdives of the camrrty. - Dèsignated fund$ MpliM wlrestrictsd lunds that the towd has. at its dwetson. set asfjde lor p8rb¢u18r purposes. These designatior hg¥e an adrninistr8tiv¢ purpose onty. arbj do riot legally r¥slrt the boar(J'8 iscr&tion to ap the lurKI. Incom• Income. rKowAsed by IS1on snI of FlnarK?al Ad1¥1$ en. lh8 ch81ity is aNy •nIed to the incorne, FOrfornnc8 condth1 to th• item{61 of Incom8 have been met, the 8mounts involved can bè rneasured witti suffkxnl rejkqbih'ty and rt is prpbable that the Tricome will be rgc4ivod by the charity. Income from chwrt1ab actlvttl Incom& from charltst4e activthes K[rJe incom• e8med from the suppty of serv1$ un¢Jer C(tre¢ll181 arrangements and fr(xn FefbmMnce rdated gr8nts whth have eoTrJrbons that spècfy the provlslon of P8rticuJar seNices to be PTovhJ8d by Ihe ¢artty. Incm frLWn gonnnI and other -fi1nderS is recogtNsÈd when the charty is legamy entitkd to the incm rt is fvIfiNiThJ the TrYrtlns ccnlaine(l in the relat8d funditvJ #geMents. ere a grant 6 receit4ed in a(fvance. ib rertsJnition 18 deferred and induded in rJed+tors. )ere entitlenxnl ¢¢¢rS IrKrne i8 received, rt is ac£rued in tsIAors. Grdnts frorn gownffnts KI other c0-fUar5 indt•Je cne ofthe folkAng tyS ofcondlllon&.' . performan b88ed con(htions: wlEfeby the charty 15 contractty entilled to fvnr9 onty lo the extent that the CO otiedNes ofthe grant 3greement are athbeved. thè drity is maellng the ccre (JeCtiVeS of a grant agreemenl rt reccgrises Ihe refaled eXpere, to the extért that it is reimbJrsJe by the donor. as 12
BROXBOURNE COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS continu•d fLYthe finat)ual ywended 31 D•cemLr 224 incotrn. .T1 baJ o)ndithJns.' wtWBby Is enllued lo fundiry cn the condition Ihyt it is utilis&J in a partKular wiod. In these cases th• ¢Ywty recoanws the ire to the extent it is ullis•d wilhin the period 8Fecthed in Ihe 09reement. In the abse ol such corditKm, assumir¥J fvl recelFI Is pfc4)th and 1he 8mount can be r•lla measured, glant )come is rncogn65ed On the tharlty ts notif of ttntiuernent. GrartB re¢ei¥ed carAlo1 expendiure art ryedited lo Ststement of Ftnancial AclIve8 when r•ceNed or ra8. wfilch8ver Is Exp•ndttwe Exp•rKlilure is analysed bèfy¥een costs of chaiilable aL#fvIUe$ rai&ng funds. The costs ofèach adivity $ep8rately discbs•d, and anatysed act1r9 to thelr m8jOT MpOnentS. Expenditura is re¢ognl$ed when g leg81 or construdve ot4igab.on &xists #s a resuli of a past event, a transfor of econornlc ben6fits 15 required in s•tttement and the anKunt of the cU(gabon can be reliably measurad. Support co$ts are Ihose functions that assi3t the work of Ihts tharty but cannoi be attributed lo one acliwty. Su¢ eo8ts are allocated to ¥aiwties in propo0 to staff t6me 8pent or othw $urtabk measure for each a¢vity. TangSbl• flx•d 1g••ts and r•clallon TarrfJibl• fixed as88ts are ststed al cost ty #t vaJ8tion, d&pMciKffi. Th• io depreuation is rakul8tod to wYil¢ off the (¥tglnal Lsl rx vahovon of taNJA8 ts•d •J8•ts, bBB thgir &$limated fesklual value, over their expected useful Iwas ai lollm.. Plant and machir 25% Strhl Ihe 10% strah1 line C••h *t b•nk •nd In h•nd C8sh at bank and In rA8h on d8F¢8Trt at bank8 wuithlg ltsm than Ihrno months of vrithdraw81. T•x4Uon •nd d•f•tt t•x•tlon No currenl or dekned la¥atm arlsts Us lh8 dwrity ha8 been gted th•filèble exemptlon. Irr•coveraL48 vold added lax L8 expmsed 88 incwred. Defefred lax is recoanised in reSpt 01811 th.ng drffer¢rte8 that have orKJinated but not reversed at th• balance sheet dale vth8r• trarac19 w eirtnls have owrred at that date that will rebutt In an obligatton lo pay more tax li the futur•, or a rfght to pay tax in the thjturè. fiming drflwen¢&s are temporary dffterence8 been Ihe tharitys tLxatAe profits and its results 85 Stated in thtr financaal 51at8ments. Deferred tgx 18 measured on an VndIsjn1ed baws ai the tax rat•S Ihat are antrdp8t•d lo appty In the periods in which th& timiryJ drflerencg$ 8re exFeCted to revee. based on lax ratès and laws that have b88n anacted or subslanlivgty enarl•J by Ihe bthnce 8he8t dth. INCOME DONATIONS AND LEGACIE8 Unrn•trl¢t•d RMtrlct•d Fund• Funds 2024 Donatiw8 arKI ltyaa•$ 57.633 57.633 EXPENDITURE CHARITABLE ACTIVITIES Dlrnct Oth•r Support Costs 2024 Expenditvre on ctr0r1tstt athriths Gov•marKe Cosls (Noto 4.21 23.656 391 16.273 39.929 5.191 i.joo 27.547 16.273 45.120 13
conlinwl BROXBOURNE COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS lor the financial year ended 31 lknber 2024 GOVERNANCE COSTS Dir¢¢t Other Support Costs 2024 Chaiit¥ble aLwts8s. govwnance o)sls 3ml 1.300 5,191 &3 SUPPORT COSTS CharltAbl• ActIvio¥ 2024 Computer Co$1$ Subsuiptions Staff TrainThJ R¢nl Tr8venlng & Entutsinment RapairB & Mointgnwce Deprecialk Tgl•phono & Intembt 1,240 365 190 310 6.308 174 244 310 6.308 174 244 18,273 16.273 ANALYSIS OF SUPPORT COSTS 2024 Comwter Costs Subscriptior Staff Tralnlng Rent Trelling & Enlertainment Repalrs & Mainlen8n Deweciathon Telepho a Intem&t 368 310 6.306 174 244 16.273 NET INCOME 2024 N•t In¢om•18 8tst after ch•rylngrfer•dit•ngl: Deprgu•lion of tangitle assets 174 EMPLOYEES ANO REMUNERATION Numb•r ot wiploy••• The averap number of perws •mployed {WKknln9 &¥ecuti¥e trusteg$) thblng Ihe fmwiciql y88r wa8 $8 follows.. 2024 Numb•r AdmiiistriL The 8tsff ¢x*ts c4Ynpme: 2024 Wages aKI salarie8 16,667 14
continuad BROXBOURNE COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS fthe fin8ncial year ende¢J 31 DeCemr2024 TANGIBLE FIXED ASSETS Totsl Additions At 31 December 2024 695 D•pf•¢l•llon Charg• forthe fina year 174 At 31 Decernber 2024 174 Net book valu• At 31 Dember 224 690 521 CASH AND CASH EQUIVALENTS 2024 Cash and balanc88 18.031 10. CREDITORS Amounts f•lllng du• wlthln on• y••r 2024 Tax¥Von and 8•tsJrity o)8ts 11) Other creditors Ac¢ruals and defefr•d irlj 662 2.377 1.000 4.039 11. TAXATION AND SOCIAL SECURI 2024 Creditor8: PAYE I NI 662 12. RESERVES 2024 . SUTps lor IIE finarKIg1 year 12,513 At th8 end of the year 12.S13 13. FUNDS 13.1 RECONCIUATION OF IAOVEMEKf IN FUNDS Unr•strl¢ted Funds Totsl Funds A¢ 1 January 2(Y23 At 31 Decenthr 2023 Movemant duriro the ffinancial year 12.513 12,513 At 31 Dernber 2024 11513 12,513 15
BROXBOURNE COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS con1nd for the financial yew eThJed 31 Dacemter 2024 13.2 ANALYSIS OF MOVEIIENTS ON FUNDS In¢tyM Expendllurn Tran8f•r8 8alan lJeh¥een 31 Docember fund$ 2024 Unre¥trict•d fvnd• Unreslricled Ganeral 57.633 45.120 12,513 T¢tsl lurKJ• 4S.120 12.513 13.3 ANALYSIS OF NET ASSETS BY FUND Curr•nt Curr•nt Ilabilitle• Totsl .th*rlty Unrestrtcaed gen8ral fdI $21 16,031 140391 12,513 621 18.031 1403#) 12,613 14. POST4ALANCE SIIEET EVENTS Th¢re ha been •lgnrfk8nt events •ffedw the Charity ne• thè finandal yew4nd. 16