Charity Registration No. NIC102286
Company Registration No. NI065003 (Northern Ireland)
THE BRIDGES CHRISTIAN FELLOWSHIP
(a company limited by guarantee and not having a share capital)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
THE BRIDGES CHRISTIAN FELLOWSHIP
CONTENTS
Page
Charity Information
1
Trustees' report
2 - 3
Independent examiner's report
4
Statement of financial activities
5
Balance sheet
6
Notes to the financial statements
7 - 12
THE BRIDGES CHRISTIAN FELLOWSHIP
LEGAL AND ADMINISTRATIVE INFORMATION
- 1 -
Trustees
Mr F Corscadden
Mr J Ferris
Mr C Stewart
Secretary
Mr P Nicholls
Charity number
NIC102286
Company number
NI065003
Registered office
4 Bolea Park
Limavady
BT49 0SH
Independent examiner
Moore (N.I.) LLP
30-32 Lodge Road
Coleraine
BT52 1NB
Bankers
AIB Bank
Meadowbank
Strand Road
Derry~Londonderry
BT48 7TN
THE BRIDGES CHRISTIAN FELLOWSHIP
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -

The trustees present their annual report and financial statements for the year ended 30 June 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

The objectives of the Company are to advance the Christian faith by: (a) the proclamation and furtherance of the Gospel of God concerning His Son Jesus Christ our Lord; (b) the preaching and teaching of the Christian faith in accordance with the doctrines and ethos of The Bridges Christian Fellowship Church appearing in the Schedule to this Memorandum of Association; (c) strengthening the personal faith and witness of the Church's members and by communicating the Gospel of Jesus Christ to other people in the locality and beyond; (d) uniting a people of like faith in the bonds of brotherly love and fellowship; (e) demonstrating the love of God by meeting needs in the local community and elsewhere.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

Achievements and performance
Financial review

The trustees endeavour to maintain sufficient funds to ensure that the Charity will be able to continue with its activities and, in the event of a drop in income, give consideration to ways in which additional funds may be raised. Any money held in account is in reserve for maintenance costs and emergency appeals from other ministries supported by the Charity.

 

Total Income for the charity during the year was £17,573 compared to £17,862 in the previous year.

 

Total expenditure for the year was £15,292 compared to £16,815 in the previous year.

The trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Plans for future periods

During the last year we have seen increased numbers using our services and this will mean that we need to refurbish our premises to meet with this influx.  This will mean the purchase of more tables and other items to accommodate the extra numbers.  We continue to open our premises for two external organisations, one for youth and one for adults.  Our support for other missionary organisations and ministries is ongoing.

 

Structure, governance and management

The Charity is a company limited by guarantee.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr F Corscadden
Mr J Ferris
Mr C Stewart

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

THE BRIDGES CHRISTIAN FELLOWSHIP
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
Risk Management

The Trustees have considered the major risks to which the Trust is exposed, those related to the long term operational and financial well-being of the Trust and, whilst keeping the matter under review, are satisfied that systems are in place to mitigate major risks.

 

 

The trustees' report was approved by the Board of Trustees.

Mr F Corscadden
trustee
9 October 2023
THE BRIDGES CHRISTIAN FELLOWSHIP
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE BRIDGES CHRISTIAN FELLOWSHIP
- 4 -

I report on the accounts of the Charity for the year ended 30 June 2023, which are set out on pages 5 to 12.

Respective responsibilities of trustees and examiner

The trustees, who are also the directors of The Bridges Christian Fellowship for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006.

 

Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to:

 

(i)

examine the accounts under section 65 of the Charities Act

(ii)

follow the procedures laid down in the general directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act

(iii)

state whether particular matters have come to my attention.

 

 

Basis of independent examiner's report

We have examined your charity accounts as required under section 65 of the Charities Act (Northern Ireland) 2008 and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.

 

Our role is to state whether any material matters have come to our attention giving us cause to believe:

 

1. That accounting records were not kept in accordance with section 386 of the Companies Act 2006

2. That the accounts do not accord with those accounting records

3. That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland

4. That there is further information needed for a proper understanding of the accounts to be reached.

 

Independent examiner's statement

I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.

Dr R I Peters Gallagher OBE FCA
for and on behalf of Moore (N.I.) LLP
30-32 Lodge Road
Coleraine
BT52 1NB
Dated: 9 October 2023
THE BRIDGES CHRISTIAN FELLOWSHIP
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2023
- 5 -
Unrestricted
Unrestricted
funds
funds
2023
2022
Notes
£
£
Income from:
Donations and legacies
3
17,573
17,862
Expenditure on:
Charitable activities
4
15,292
16,815
Net income for the year/
Net movement in funds
2,281
1,047
Fund balances at 1 July 2022
6,407
5,360
Fund balances at 30 June 2023
8,688
6,407

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
THE BRIDGES CHRISTIAN FELLOWSHIP
BALANCE SHEET
AS AT
30 JUNE 2023
30 June 2023
- 6 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
8
4,264
4,159
Current assets
Debtors
9
700
745
Cash at bank and in hand
4,924
2,103
5,624
2,848
Creditors: amounts falling due within one year
10
(1,200)
(600)
Net current assets
4,424
2,248
Total assets less current liabilities
8,688
6,407
Income funds
Unrestricted funds - general
8,688
6,407
8,688
6,407

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Bridges Christian Fellowship is a private company limited by guarantee and not having a share capital, incorporated in Northern Ireland. The registered office is 4 Bolea Park, Limavady, BT49 0SH.

The financial statements were approved by the Trustees on 9 October 2023
Mr F  Corscadden
Trustee
Company Registration No. NI065003
THE BRIDGES CHRISTIAN FELLOWSHIP
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 7 -
1
Accounting policies
Charity information

The Bridges Christian Fellowship is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 4 Bolea Park, Limavady, BT49 0SH.

1.1
Accounting convention

The financial statements have been prepared in accordance with the Charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The Charity is a Public Benefit Entity as defined by FRS 102.

 

The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
1.4
Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
THE BRIDGES CHRISTIAN FELLOWSHIP
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 8 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

 

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
5% Reducing Balance
Computers
25% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

THE BRIDGES CHRISTIAN FELLOWSHIP
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 9 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

2
Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Donations and legacies
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Donations and gifts
17,573
17,862
THE BRIDGES CHRISTIAN FELLOWSHIP
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 10 -
4
Charitable activities

 

 

2023
2022
£
£
Depreciation and impairment
424
302

Rent

4,680
4,680

Insurance

471
1,597

CCLI

545
521

Bank fees

133
132

Sundry expenses

1,190
551

Electricity

1,126
1,257

Advertising and printing

130
-

Gifts

5,401
5,545

Repairs and maintenance

295
1,369

Water Charges

297
261
14,692
16,215
Share of governance costs (see note 5)
600
600
15,292
16,815

Sundry expenses includes payments to the independent examiners of £600 (2022- £600)

5
Support costs
Support costs
Governance costs
2023
2022
£
£
£
£

Sundry expenses

-
600
600
600
-
600
600
600
Analysed between
Charitable activities
-
600
600
600

Governance costs includes payments to the independent examiners of £600 (2022- £600).

6
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
THE BRIDGES CHRISTIAN FELLOWSHIP
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 11 -
7
Employees

The average monthly number of employees during the year was:

2023
2022
Number
Number
Total
-
0
-
0
There were no employees whose annual remuneration was more than £60,000.
8
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 July 2022
5,000
349
5,349
Additions
-
529
529
At 30 June 2023
5,000
878
5,878
Depreciation and impairment
At 1 July 2022
929
261
1,190
Depreciation charged in the year
204
220
424
At 30 June 2023
1,133
481
1,614
Carrying amount
At 30 June 2023
3,867
397
4,264
At 30 June 2022
4,071
88
4,159
9
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
700
745
10
Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
1,200
600
11
Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

THE BRIDGES CHRISTIAN FELLOWSHIP
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
11
Related party transactions
(Continued)
- 12 -

The trustees, who are also the directors for the purposes of company law, received no remuneration for their services for the year.

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