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 {Ap￿4nted 3 January 2024) F￿$f￿uwa Mary Ogirwi ¢￿ArperIOn Ol•dayD Akwiklu EIE*aju Charity Numb•r In Engl*nd and W•l•¥ 1205549 Prfnclpal Addm• 45 Old Oak Avenue Goffs Oak Waltham Crcos H8rffordshiro EN76EW Uniled lQngdom Ind•p•nd•n¢ E￿MIn￿r Chequers & Jo Ltd Prfn¢lp41 Bank•rn Lloyds Bank 98 v￿loria Str•et Lmd SW1E SJL BROXBOURNE COMMUNITYCHURCH TRUSTEES. REPORT forlhe finan&¥l yw erthd 31 Oec*nLw 2Q4 The iwstees pr¢#ent their Truste￿, Rep)rt and ts L¥la￿ fina￿4* Btstenwts the firAndal year eThJed 31 D•¢emb8r 2024. The financAal $tst&ments are wep9red in actordarte the Charii*s kt 2011. FRS 102"The Finw)dal Reporting Standard applubla in Ihe UK and Rowb1￿ of Irelarf Accojntvig and Reporting by Chaiiti88.. Statemenl of Recommended Pr8ctice applicable lo d￿rrtIeS préparing their finanaal slalenwts In 8ccordance with the Flnanc ReptyliTrJ st￿￿ard ap￿icat)Ie in the UK 8nd Rerwtk of I￿18nd (FRS 1021. The Trustses. ReFth1 ¢Mtains the infon1￿tIcffl required to be provhled in the Twstees, Annual Report under th8 Stsiement of Recommend¢d Practice ISORP} gu*Jelin•s. truslees of the thadty are also tharrty tru$lee8 fcff the pur￿6• 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 pu￿088, g0veman￿, acti￿1&$, 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 applica￿8 In thè UK and R￿p￿t ol Ireland FRS 102. t￿ organ15atK￿ has impknmented ils recommendations whe re￿an1 In th•8• finwKlal $lalwn*ts. Stru¢tur•, Gov•m•nc• and PI•MgDment Structur• CONSTITUTION Broxtr•Jume Communty Churc* (Fcvmoty Ono) was regl8t8f&l a& a d￿Tty on 02 Novemlxr 2023. Th• govemlng docThnt Is the ConslitUt￿, dated 19 SWwnber2023. We a Chrlstian tharity ￿nmItt￿ lo extethg a hafyTrJ hand lo p8rson8 of f•ith 8nd no fr{￿ all walkB of life who are exper*ndryJ SvJnlfi￿t lrfe tha1￿r￿$S. provkle past￿￿ 8UPkM)rt, L))un8ellir¥J, money a¢Mce. heAllh and well-b•ing serv￿$. W¢ Pfov*Je s¢￿te$ thal help •mFxywer p80￿, Smprove Iheir w•llteing and 8tr•ngthen communib•8. The main c4ecUve of th• Charily w8$ lo further the 8dv¥nc*Thnl of th8 Chr66ti•n rel￿alOn throuBh Chts1￿ ma•llryJ8, seminars, bible study. c%Wrwl￿ng. 8TrJ SPDn¥orfng of r*)v#rty•ekn8￿ng kYogramm•s. EJ8Ction 8nd AFpoinlm8nt ofTnJ8tee$ Tho man8gemenl of Ihe Charity is the r•w5ibility of the TnJ8ts•6. wtho are elec*ed ￿ co.opi¢d under the 1gmi6 of the Constitution as a Charitalle IrKorwat•d Orgon￿￿on. Trustees Ove thth'rltffle freely, and no Trustee [￿1Ve$ any remU￿￿tiOn during year. Being Ihe Ilryat sel, the trustees named in fv ￿￿￿1ft￿on ar8 8pFointed for a tom 014 yeais. Subsequently, appoints￿Trts of new twstees vnjl b8 for a temi of 3 Y￿r8 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 ac*ivitEs of the Charity by the existing board. These inchjde ¢*)IvJalions of Trustees. the main do￿lment whth sel our the op8rnlional frarnewc￿k for the Charity Ir￿luding the Memor8ndum and Artides ofAssocwb"on, fij￿re pla￿ 8rnJ obl￿tr¥es. Furthennore. all Iru$lep8 are encour8ged to allend training S￿nIn8r$ wovided by extemgl owganisations. ORGANISATION STRUCTURE AND DEcIsIO￿l￿AKING A I￿red reptstng Struclure has bten adopted. prpvi¢*ng a d￿l￿nented aThJ a￿ltable trall of acCoUntsb￿lty. Th8 procedures aJ¢ re￿v$nI ￿rO£S all operations and for SLrc*s8i¥e levels of airthority to be yi¥en at h￿her 18v•ls of managerr*nt. The Charity was a(kn)iiisteTed by twd of Tntstfjes aB lthj in tr* refrr￿s a￿1 alkninistrth infcrfrnalion secbon. Trusteès, the Pastor8J Toam, and tt* Adminislrative Twi wcrfk in ham)ony, eac* ￿ntributIng their unique gxperb8e lo the Ch41iVs operations. This cdlatoratwè appfoath e￿tive t))orfination and adminislra1ion. BROXBOURNE COMMUNITY CHURCH TRUSTEES. REPORT for the financial year ende(131 Oecember 2024 The Pastoral Team Is pn'marily r?5F*Jn￿b$a lor refvjiws aThJ w¥ilu#l matters. vANle the Administrative Team manxges th• day-to-day runniThJ of the Charity. This clear dWI￿On 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 sy*em of ac£ounl•ts"lty, ￿￿￿ting to Ihe Twst8es on mgttern related to govemance. ¢burdJ fi￿1$. 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 Maftage￿nt Syste￿ In plac8 lo mrtvdate any risk exposure. FUTURE DEVELOPME The Charfty will continue trj explore variws ways of $Pr￿l￿a the Gospor of c￿81 in an effective manner. The Charlty is also boking to exp¥nd Tts membership and cOnt￿lue lo develop its rrember8 to make a life-thanglng impact In Souety, ¢Sts￿l$h addit￿*￿1 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 ac￿e¥¥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 ww*en'$ wxl rrw'8 &)rrferences wwe organis&d online during this year lo k¢•p addresslng b8ue8 of porerfNJ, d*lb•gr*)g, and child educall)n as well 88 C4re de￿I0￿ent among our men and women. b. R•vitrw ol actlv1ti•8 Broxbourne Communty Cburth, In Its year 9$ a chartty. has made a wjslllw imp*t on our kxal cornmuniUe$. The Trustees. recognriity the ChanV$ gcK#J perfomiance, are dad￿ted 10 6nhwKing our actNIt￿l and f*cTlitie$ for Ihe 8dv8nc•menl of th• Chrf81￿ f•knJM. The Charity seeks io further enhan￿ wblic benellt by hieracling wilh Ihe ￿￿81 Cj)mm￿lty, wh¢re we operate through tharitable gNlng, oulreach prc#armnas. 6upr•Jl for ctynnwnity initiauves. and oth•r 8wal-related pmgramm•s. Ch8f*ty contlnues to play a vital rok* In 81wrxvtiro iThthvK1uafs wrthin th& o)mmunlty. part￿￿1a￿ 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&Year￿￿j genll•man (Mr Pl who h*1 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 Inte￿efted 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 p￿￿ding acee88 to a I￿e bus pass and a h¥￿-dady me￿8-on.￿lS serv￿. As a resith of our support, wthin Ihrso rnonths, Mr P WBS r￿fving his state pens￿￿ of awoximalety £1,Cth rw. mortth had 6ec#Jred 8 lunw sum poyrnenl of £70,0 frcm hi$ kYiv8te retir￿n￿1t. ￿On9 I￿1h o irKom? of£2,CK¥). mari￿,$ AFfERNOON TEA. iThbdly launthed to suppjrt indNidual$ aged a￿1 over, h8$ evcAv&Y Vrto a wdcomng spa￿ for al mem￿15 of Ihe communlty, recc*3nisirg th8t loneliness ¥nd wcial isc48tion affed people of am ages. The Charity L8 t>)mrnitted to eworrng naw ￿UeS to $X￿￿e mkni a r•)slbve Impact the communty, in line wrfh our obi8¢fve8 and visw. c. Fundr￿sIng Activit￿ Ir￿￿ne Ger**K Th& Charty's income is dependerrt on tilhes ar*J offeriTrJs fmm rr￿bers. prtsJ￿, wnts ovJantsed to promo1• the Charitys oth1t￿. BROXBOURNE COMMUNITY CHURCH TRUSTEES. REPORT f¢rlhe financial year ended 31 D8¢wnber 2(Y24 Flnancial Rovl GOING CONCERN Tho TruBtees a TeaBon*4e expectthn that the Charly has suffi¢wt reBources to c¢)ntinue operating for I foreseeable fUtsj￿. For this reason. thty adopt the golng ￿nCErn basis in the p￿paratton of the ffinanc+al ststements. Further details rggarding the adcytTh oflhe gwg ¢owKem cw be f¢)uThJ a￿ntIng pc4ioes. RESERVES POLICY Th8 TruBtee8 deemod it fil to mointw'n free reseryes in Lmretstr￿ted funds At 8 Jevel that aquat•$ to approxfvlgty three months of unreslncled charilaA• ex￿J[ture. Tlw constder Ihat this level ¥￿11 provide Sufficient funds for runnlng Ihe min￿ty8 administrative And ministerial costs. The result8 for Ihe fffianual year ar9 Wt out C￿ page 9. and addithThl notes are provided strth￿n9 income and eKpendttu￿ in greater detsil (￿arall ￿¢r￿ne foi the year waB £57.833, 8r#Y the t(rtal Exr*nses 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 fin￿￿31 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$tittrtion. Inth•8 relire by rotatim I￿. L*ing elli￿8. themse￿8$ 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• f￿nCIal y•arttnded 31 0o¢emt*r2024 The tru8t•os are r•8pon8i1￿e tsr w•parkng the I￿¢￿•1 slat8ments kn aoxrdanc• *ilh aFpliuble law and r•gul*1b￿. The law applicat46 to ¢harities in ErvalaThJ and iequ*08 the tnJstee8 to We￿r* financial statem&nts frJr each finan￿￿1 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¢Tr￿e conwty wth the Chgrities Aet 2011, In prop4rfrrfJ these fin4ndal staterr*nts, 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 Stalen￿nts 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￿￿&r￿s. 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 0￿rItiC￿. Thé Irustses conffmi Ihat Ihty hav• conWied*lth 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 w￿1h rnasonat4e a¢xurncy Al any tim• the finanaal p08trbon tsf ¢haiity and •nat49 them lo •nwr• th•t the finandal •tst•w*nts c¢nyly *hilh th• Chanlmii Acl 2011. Th•y are 41w ro8poTh•lbb for •al•guarding the 888•ts 01th• th4rity and h￿ce fr)r lakhlg reasonabh Stsp6 for th• yevenlp?n and detacti¢n ol fraud and olher 4nd •1grnd •n it• b•h•ll by: Ol*d•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 find￿lar y•ar erkJ8d 31 December 2024. wPach conwrise Ihe StsleN*nt 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 aL￿rd￿ seCt￿n 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 99￿8￿ lo stat• lo them In this report and for ￿ other puwe. To the fvlest extent pefmitle¢l by low. we &) noi attept or awme re6￿￿buty to anycTh other than chwity and the thwity's memLws, 08 a btryy. for our %%th. or for thi$ report. R￿peCtIv* reBpon81bllltl•¥ of trustees and •x•mlner The tharitys trustees are reSponsi￿e for the preparati￿ of the tlnaTr*l slatements In accordanco ￿th Ihe requirements of the Chariti•$ Act 2011. The tharity's Irustees consk4èr that an audit is not req￿￿d 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 Commis￿on ge¢AI)n 14515) of the Charities Act 2011., arKI Stole wh&lhw pWI￿￿r maltern have to our attenl1c￿. Ba•1• of Ind•pend•nt examln•¢• r•port Our oxamlnalb)n was c4thed oul In arLordW￿• th*h the geMrnl glven ty th8 Charity ComThw8Bion. An exarnination indudes a revivw ol Ihe acu￿nI￿ng roctyds kopt by the chartty aThJ a comp8ri80n of the finanoal stsl•ments presented with Iho8e rec*ird8 It aL80 indude$ wsider8don of any unusual iterns or d5Kbsurt6 in the financkfjl stat&ment$ and seeking explanalhm from Ihe Iruslees cor￿eM￿9 any $uch matters. The procedures undèrtaken do nol ￿rti￿￿e all tho avi(knr￿ thbt wcmjkl b& rewired in an audll and ￿￿SeqUentfy no oplnlon18 given 08 lo whether the accounts presonl • '1￿ and falrf virmf the r•F4)rt is Imniled lo tfvxe mattorn Jet out in th8 Blatement baltrw. Ind•p•nd•nt •￿MIn•￿¥ •tst•m•nt In o)nnedlon with our exwnination, rn matter to ￿ attention u8 CaLiie lo boli•¥* that In, material respecl.. ¥wJunling r•¢Lvd8 Mryjre not kept In 8wy¢larte wilh section 130 of th8 Charities 2011 the fmanaal stgtements do not acoyd wrth those accounb"r¥J re￿)rdS Ihe financagr st8lements do not coffwy woth the acroLmtitvJ requrrements crfth8 Ch8rilio$ A Ihe financ￿1 statamènts have not I￿n prepwed in ￿t0rd8￿ wilh Stat8m*nl of Rec¢)mm8ndod Practice appllcable lo chanliss pre￿11r￿￿ th￿r 8ccour)ts in ￿c0[darKe with th? Finar￿￿￿ Rep￿0￿ 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 clMn￿I￿ln With the examln•tion to w￿ch att8nttC 8hould ￿ drawn in thffj report Ni order to enabl8 a proper uTrderst￿dk¥ 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 y￿r eThJed 31 Dec8mber2024 Totsl Fund$ 2024 Funds 2024 In¢om• DonatIc￿S and ￿9￿CleS 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 I￿Jud88 all 9ans ￿Ale￿ r8(yl8ed In tho finarwl year. All InGoTh* and e¥pendrfu￿ rolgte lo contswirrfJ aL*vitw. 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¢t*l A•Mt• l••• Cmnt UAblllll•• 12,513 Fund• Gen•rnl ￿n￿ (unr•￿ric18d) 12.613 T¢)tsl fund• 13 12,J13 The fin8rKi*l itAt•mgThts hav• b••n In accordan￿ vith the FrfDwsloni AFP11￿￿ to COM￿￿•$ $ubl•¢t lo th• small 0)mpaTh￿. and in 4cLwdanu Ffts 102 Yh• Flnartdol R•p)rtln9 Sland•rd 4P￿1.￿b* Ni th• UK 4nd Republic ol lrnL4nd', &p*'ng S•etson 1A oflhot St&nm￿l9￿* iectK)n 4.7. 10.6 and 152 of ttsl SORP. St•tsm•nt ol Cl￿p11•n¢• Th8 fin8nu818tstemonls ol Il* Ltharfty Iho fina￿181 ye8r eThJ&J 31 Oee•mber 2024 havo b￿n prepared on the going cmewn ba81$ and in aCC￿￿nCe wllh Ststeff*nt of R￿MMtsnded Pra¢ttce ISORPI AcoJunUng ¥nd ReF¢Jrting by Charities p￿paring 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• ReSt￿ted fvJ)J8 rèpfesent in¢J)me rec•iv•d which can c￿ty b• used for pgrtW8r wrpoBe8. 88 $p•dfled by the donors. Such purposes Mthin the ov¢raU c*￿￿88 ofthe thartty. Unre¥trfcted fundi UnreBtricted fLmds consist of General and Deslgn*d l￿d - Gentr* funds rnpresent are eXpe￿kn at th& dlsuelion of the board, in lurtheranca of Ihe objÈdives of the camrrty. - Dèsignated fund$ ￿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¥slr*t the boar(J'8 i*scr&tion to ap￿ the lurKI. Incom• Income.* rKowAsed by I￿￿S1on s￿*￿nI of FlnarK?al Ad1¥1￿$ ￿en. lh8 ch81ity is *aNy •nI￿ed to the incorne, FOrforn￿nc8 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[r￿Je 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 go￿nn￿nI and other ￿-fi1nderS is recogtNsÈd when the charty is legamy entitkd to the incm rt is fvIfiNiThJ the ￿TrYrt￿lns ccnlaine(l in the relat8d funditvJ #g￿eMents. ￿ere a grant 6 receit4ed in a(fvance. ib rertsJnition 18 deferred and induded in rJed+tors. ￿)ere entitlenxnl ¢¢¢￿rS IrK￿rne i8 received, rt is ac£rued in tsIAors. Grdnts frorn gownff*nts *KI other c0-fU￿ar5 indt•Je cne ofthe folk**Ang ty￿S ofcondlllon&.' . performan￿ b88ed con(htions: wlEfeby the charty 15 contract￿ty entilled to fvn￿r￿9 onty lo the extent that the CO￿ otiedNes ofthe grant 3greement are athbeved. ￿ thè d￿rity is maellng the ccre (￿JeCtiVeS of a grant agreemenl rt reccgrises Ihe refaled eXpe￿re, to the extért that it is reimbJrs*Je by the donor. as 12 BROXBOURNE COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS continu•d fLYthe finat)ual ywended 31 D•cemL*r 2￿24 incotrn. .T1￿￿ ba*J 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 ir￿e 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 AclIv￿e8 when r•ceNed or ra￿￿8￿￿￿. wfilch8ver Is Exp•ndttwe Exp•rKlilure is analysed bèfy¥een costs of chaiilable aL#fvIUe$ rai&ng funds. The costs ofèach adivity $ep8rately discbs•d, and anatysed act￿￿1r9 to thelr m8jOT ￿MpOnentS. Expenditura is re¢ognl$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 propo￿0￿ to staff t6me 8pent or othw $urtabk measure for each a¢*vity. TangSbl• flx•d 1g••ts and *r•clallon TarrfJibl• fixed as88ts are ststed al cost ty #t va*J8tion, d&pMci*Kffi. Th• io depreuation is rakul8tod to w*Yil¢ off the (¥tglnal L*sl rx vahovon of taNJ*A8 ts•d •J8•ts, bBB thgir &$limated fesklual value, over their expected useful Iwas ai lollm.. Plant and machir 25% Str*hl Ihe 10% stra￿h1 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 g￿ted th•filèble exemptlon. Irr•coveraL48 vol￿d added lax L8 expmsed 88 incwred. Defefred lax is recoanised in reSp￿t 01811 th.￿ng drffer¢rte8 that have orKJinated but not reversed at th• balance sheet dale vth8r• trar￿ac1￿9 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 be￿en Ihe tharitys tLxatAe profits and its results 85 Stated in thtr financaal 51at8ments. Deferred tgx 18 measured on an VndIs￿jn1ed baws ai the tax rat•S Ihat are antrdp8t•d lo appty In the periods in which th& timiryJ drflerencg$ 8re exFeCted to reve￿e. 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 ctr0r1ts￿tt athriths Gov•marKe Cosls (Noto 4.21 23.656 3￿91 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 aL*wts8s. govwnance o)sls 3ml 1.300 5,191 &3 SUPPORT COSTS CharltAbl• ActIvi￿o¥ 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 Tr￿elling & 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 $8 follows.. 2024 Numb•r Admiiistr*iL The 8tsff ¢x*ts c4Ynpme: 2024 Wages aKI salarie8 16,667 14 continuad BROXBOURNE COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS f￿the fin8ncial year ende¢J 31 DeCem￿r2024 TANGIBLE FIXED ASSETS Totsl Additions At 31 December 2024 695 D•pf•¢l•llon Charg• forthe fina￿￿ year 174 At 31 Decernber 2024 174 Net book valu• At 31 D￿ember 2￿24 690 521 CASH AND CASH EQUIVALENTS 2024 Cash and balanc88 18.031 10. CREDITORS Amounts f•lllng du• wlthln on• y••r 2024 Tax¥Von and 8•tsJrity o)8ts 11) Other creditors Ac¢ruals and defefr•d ir￿lj￿ 662 2.377 1.000 4.039 11. TAXATION AND SOCIAL SECURI 2024 Creditor8: PAYE I NI 662 12. RESERVES 2024 . SUTp￿s lor IIE finarKIg1 year 12,513 At th8 end of the year 12.S13 13. FUNDS 13.1 RECONCIUATION OF IAOVEMEKf IN FUNDS Unr•strl¢ted Funds Totsl Funds A¢ 1 January 2(Y23 At 31 Decenthr 2023 Movemant duriro the ffinancial year 12.513 12,513 At 31 D￿ernber 2024 11513 12,513 15 BROXBOURNE COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS con1n￿d for the financial yew eThJed 31 Dacemter 2024 13.2 ANALYSIS OF MOVEIIENTS ON FUNDS In¢tyM Expendllurn Tran8f•r8 8alan lJeh¥een 31 Docember fund$ 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 f￿dI $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