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## Document Details:
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Filename: Bethel Chapel - Financial Statements YE 31-12-2021.PDF
Client of: Lewis Smith & Co.
Signature Details
Name: Jill Berry
Email: admin@bethelchapel.org.uk
Date & Time: 10/08/2022 19:25:58 (BST)
IP Address: 78.32.125.121
Signing Statement: The trusees approve the financial statements.
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Please keep a copy of this document for your records.
**REGISTERED CHARITY NUMBER: 1001260**
Report of the Trustees and
Financial Statements for the Year Ended 31 December 2021
## for
Bethel Chapel
Lewis Smith & Co. Chartered Certified Accountants The Old Doctor's House
74 Grange Road Dudley West Midlands DY1 2AW
Bethel Chapel
Contents of the Financial Statements for the Year Ended 31 December 2021
|||Page||
|---|---|---|---|
|Reference and Administrative Details||1||
|Report of the Trustees|2|to|4|
|Independent Examiner's Report||5||
|Statement of Financial Activities||6||
|Balance Sheet||7||
|Notes to the Financial Statements|8|to|17|
|Detailed Statement of Financial Activities|18|to|20|
Bethel Chapel
Reference and Administrative Details for the Year Ended 31 December 2021
**TRUSTEES** Mrs G A Harvey Mr J B Wilding Mr P D C Whitehouse (resigned 10.3.21) Mrs S Whitehouse (resigned 10.3.21) Mr A Parkes Mrs S Wilding (resigned 10.3.21) Mrs J M Anslow Ms P Hazlehurst Ms S L Parkes (appointed 1.3.21) Ms J Rowan (appointed 10.3.21) Miss J Hodges (appointed 10.3.21) Ms J Shilton (appointed 10.6.21) **PRINCIPAL ADDRESS** Hill Street Wollescote Stourbridge West Midlands DY9 8TL
## **REGISTERED CHARITY NUMBER** 1001260
**INDEPENDENT EXAMINER** Lewis Smith & Co. Chartered Certified Accountants The Old Doctor's House 74 Grange Road Dudley West Midlands DY1 2AW
Page 1
Bethel Chapel
Report of the Trustees for the Year Ended 31 December 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of 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**
## **Charitable Objects, Aim and Intended Impact**
The objects of the charity are:
- the advancement of the Christian faith
- the relief of persons who are in conditions of need, hardship or distress or who are aged or sick - the advancement of education.
Our vision is to turn the lost into the found and the faithless into the faithful, and this is our aim as we work in the local community.
## **Objectives for the Year**
To work in the local community, offering facilities to reach the people on a daily basis enriching the life of the community.
## **Public benefit**
Our main activities and who we try to help are described in this report. All our charitable activities focus on the promotion of the Christian faith and to help and work alongside all other people. We work to further our charitable purposes for the public benefit. We have referred to the guidance contained in the Charity's Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities.
## **Social investments**
We have several outreach groups such as Parent and Toddlers (Little Acorns), Little Lambs Pre-School Centre, One Way Club, Cornerstone Senior Citizens Luncheon Club, Knit & Natter, Move it or Lose it which offer the facilities to the community.
## **Grant Making Policy**
Bethel Chapel currently gives out no grants but gives donations from the Tithe account to worthy causes on a monthly basis and as and where needed. These are decided upon by the Trustees and a management committee - (TEAM).
During the year we collect small pieces of furniture, ornaments, goods etc from various sources which is then redistributed free of charge to people in need, especially for example, if they are setting up home. We now rent two units where we store these pieces of furniture. We have also been gifted the use of a shop in Quarry Bank High Street that we have turned into Bethel Treasures Heaven Scent, which is serving as a Charity Shop type outlet. Goods are donated from many various people, they are taken to our units at JV Kendrick in Cemetery Road Lye, where they are sorted and stored until needed to restock the shop.
## **Activities of the year**
The work of Bethel Chapel consists of Sunday services, weekday activities and daily work in the local community through the people who make up the church that meets at Bethel. Sadly, for some of 2021, the effects of the COVID 19 pandemic and the various lockdown situations, our services and outreach community activities were stopped until felt safe to restart. We continued to hold our Sunday serves but not live, but through the medium of Zoom, both morning and evening services. We kept very regular contact with the people in Church and with the Cornerstone in particular through a comprehensive Pastoral Care system, where the Pastoral Carers phoned or "visited" by standing on the drive to chat, and we supplied flowers, meals, cards, cakes where we could simply to keep in contact. All services are now restored to live with the addition of a streaming service that we offer for both morning and evening services, and other services where needed/requested and appropriate.
Page 2
Bethel Chapel
Report of the Trustees for the Year Ended 31 December 2021
## **OBJECTIVES AND ACTIVITIES Volunteers and donations**
Each year, Bethel relies upon the help of willing volunteers within the church for the running of it's various activities. This is not valued in the financial statements, but it is estimated that this would be equivalent to 60 regular volunteers providing 5,466 hours each year, plus 75 volunteers to run each of the Summer and Christmas fayres, providing the equivalent of well over 1,000 hours each year. If these were valued at the national minimum wage rate, the value of these services to Bethel would be over £60,000.
We thank everyone for their time in helping Bethel to provide the services and facilities that it does in furtherance of its aims and objectives.
## **ACHIEVEMENT AND PERFORMANCE**
For the year 2021, the church that meets at Bethel has been continually working to realize the vision "to turn the lost into the found and the faithless into the faithful" but due to the restrictions caused by COVID 19, all the user groups and indeed services were suspended live until it was safe to reinstate large groups of people being together in Church. All services and groups are now restored to live with the additional facility of offering live and recorded streaming of all services. User groups which occupy Bethel Chapel's purpose-built multi-functional centre include Little Acorns Carer & Toddler group, Little Lambs Pre-school Centre, One Way Saturday Club, Cornerstone senior citizens luncheon club, Knit and Natter, Move it or Lose it exercise group and Pathfinders and Ice Breakers Sunday groups. Our purpose-built facilities enhance the service which Bethel can offer to the local community and afford opportunity for extension to these activities in addition to continuing the activities that have taken place for many years but in much better surroundings and purpose-built areas.
Bethel continues to seek to be the church in the community, for the community, by opening wide its doors and offering a range of activities from cradle to grave.
## **FINANCIAL REVIEW**
## **Financial position**
The charity has continued its good work and total incoming resources have increased slightly this year to £392,761 (2020 - £392,407). Costs have risen this year by £49,108 from £364,399 to £413,507. The has resulted in a deficit for the year of £20,746 (2021 - surplus of £28,008) and the accumulated reserves at the end of the year being £392,574 (2020 - £413,320.
## **Principal funding sources**
Bethel Chapel runs financially from weekly donations from those attending Bethel Chapel, from other sources of income and from the surplus of any income over expenditure from the outreach groups, which operate throughout the year.
## **Investment policy**
Bethel Chapel currently has no investment policy and any other money received over and above that which is required for day to day running, is held in the number 2 account which is interest bearing.
## **Reserves policy**
Bethel Chapel currently has no reserves policy as largely income matches expenditure for most of the year with plans for a possible small surplus at the year-end.
## **Designated Funds**
Designated funds are part of unrestricted reserves, but those which have been earmarked for a particular purpose. 10% of all offerings are set aside in a Tithe bank account to make specific donations to persons in need. Funds are set aside for future building renovation works in a designated fund bank account.
## **FUTURE PLANS**
The future plans of Bethel Chapel are to maintain and expand the community work that we do, to work to begin new community ventures, and now that the building renovation work is complete, plans for re-plastering where necessary inside the Chapel have been completed and redecoration has been done.
Page 3
Bethel Chapel
for the Year Ended 31 December 2021
## Report of the Trustees
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The Bethel Chapel is constituted under a trust deed dated 14 May 1990, and is a registered charity in England & Wales.
## **Appointment of trustees**
Trustees are appointed by the board of trustees and serve continuously. The trustees meet annually alone to review the annual accounts and then quarterly with additional representatives from Bethel Chapel, who together form a working group known as "The Team". Trustees also meet if a meeting is deemed necessary to deal with any issue that might arise that it is felt trustees should be aware of/make a decision regarding. New trustees are appointed by the current trustees, if deemed necessary, after consultation with the prospective trustee and after a unanimous trustee vote.
## **Key trustees and management remuneration**
There is no principal trustee - they all have an equal voice.
Pastor Jill Berry has her remuneration agreed by the board of trustees at a rate that is considered appropriate to her activities within the church and the local community,
Mrs Anslow (manager of Little Lambs) also has her remuneration agreed by the board of trustees at a rate that is considered appropriate to her activities.
No other trustees receive remuneration and give their time freely. Remuneration and expenses are analysed in the notes to these accounts.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
..........................................................................
Ptr J Berry - Trustee
Page 4
Independent Examiner's Report to the Trustees of Bethel Chapel
## **Independent examiner's report to the trustees of Bethel Chapel**
I report to the charity trustees on my examination of the accounts of Bethel Chapel (the Trust) for the year ended 31 December 2021.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Chartered Certified Accountant which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Andrew James Smith Chartered Certified Accountant Lewis Smith & Co. Chartered Certified Accountants The Old Doctor's House 74 Grange Road Dudley West Midlands DY1 2AW
Date: .............................................
Page 5
Bethel Chapel
## Statement of Financial Activities
## for the Year Ended 31 December 2021
|Unrestricted
fund
Notes
£
**INCOMING RESOURCES FROM**
Voluntary income
195,652
Activities for generating funds - group income
2
178,833
Investment income
3
33
**Total**
374,518
**RESOURCES EXPENDED ON**
Group expenses and donations
174,974
**Charitable activities**
Support costs
121,478
Governance costs
98,264
**Total**
394,716
**NET INCOME/(EXPENDITURE)**
(20,198)
**Transfers between funds**
13
543
**Net movement in funds**
(19,655)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
410,882
**TOTAL FUNDS CARRIED FORWARD**
391,227|Restricted
funds
£
18,238
-
5
18,243
16,068
2,723
-
18,791
(548)
(543)
(1,091)
2,438
1,347|31.12.21
31.12.20
Total
Total
funds
funds
£
£
213,890
212,383
178,833
179,648
38
376
392,761
392,407
191,042
172,864
124,201
110,377
98,264
81,158
413,507
364,399
(20,746)
28,008
-
-
(20,746)
28,008
413,320
385,312
392,574
413,320|31.12.21
31.12.20
Total
Total
funds
funds
£
£
213,890
212,383
178,833
179,648
38
376
392,761
392,407
191,042
172,864
124,201
110,377
98,264
81,158
413,507
364,399
(20,746)
28,008
-
-
(20,746)
28,008
413,320
385,312
392,574
413,320|
|---|---|---|---|
||||392,407
172,864
110,377
81,158|
||||364,399|
||||28,008
-|
||||28,008
385,312|
||||413,320|
The notes form part of these financial statements
Page 6
Bethel Chapel
## Balance Sheet
## 31 December 2021
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
8
382,062
**CURRENT ASSETS**
Debtors
9
5,951
Cash at bank and in hand
20,424
26,375
**CREDITORS**
Amounts falling due within one year
10
(8,993)
**NET CURRENT ASSETS**
17,382
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
399,444
**CREDITORS**
Amounts falling due after more than one year
11
(8,217)
**NET ASSETS**
391,227
**FUNDS**
13
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
123
266
958
1,224
-
1,224
1,347
-
1,347|31.12.21
Total
funds
£
382,185
6,217
21,382
27,599
(8,993)
18,606
400,791
(8,217)
392,574
391,227
1,347
392,574|31.12.20
Total
funds
£
383,532
4,830
47,492
52,322
(11,991)
40,331
423,863
(10,543)
413,320
410,882
2,438
413,320|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Ptr J Berry - Trustee
The notes form part of these financial statements
Page 7
Bethel Chapel
Notes to the Financial Statements for the Year Ended 31 December 2021
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The financial statements are presented in £ sterling, rounded to £1.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Government grants**
Government grants are recognised at the point that they are receivable and there is reasonable assurance that the company will comply with the conditions attached to them. They are valued at the consideration received or to be received.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
|Freehold property|- 0%|
|---|---|
|Community facilities|- 2% on cost|
|Equipment|- 20% on reducing balance|
|Fixtures and fittings|- 20% on reducing balance|
|Motor vehicles|- 20% on reducing balance|
No depreciation is provided on freehold property as in the opinion of the trustees there has been an increase in the value of the church building between the date of purchase and the balance sheet date.
The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 8
Bethel Chapel
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
## **1. ACCOUNTING POLICIES - continued**
## **Hire purchase and leasing commitments**
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charges to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Financial instruments**
Debtors and creditors with no stated interest rate receivable or payable are recorded at their transaction price. Any basic financial instruments are recognised at amortised cost using the effective interest method.
## **Donated goods and services**
Due to the small size of church volunteers and donations, these goods and services are not valued in the financial statements as it is considered that the cost of doing so would be out of proportion to the benefit derived.
## **2. ACTIVITIES FOR GENERATING FUNDS - GROUP INCOME**
## **3.**
|One way
Little lambs
Toddlers
Cornerstones
Craft and Chat
Knit and Natter
Charity shop
Move it or lose it
**INVESTMENT INCOME**
Rents received
Bank interest receivable|31.12.21
£
-
171,607
788
1,772
-
61
4,537
68
178,833
31.12.21
£
-
38
38|31.12.20
£
182
176,149
381
1,217
83
65
1,571
-|31.12.20
£
182
176,149
381
1,217
83
65
1,571
-|
|---|---|---|---|
|||179,648||
|||31.12.20
£
300
76
376||
||||376|
continued...
Page 9
Bethel Chapel
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
|Trustees' salaries
Trustees' social security
Trustees' pensions paid|31.12.21
£
104,046
9,042
2,299
115,387|31.12.20
£
70,685
5,653
1,576
77,914|
|---|---|---|
The trustees of the charity are its key management personnel. Remuneration payments regarding the following trustees were made as below:
||31.3.21|31.3.21|
|---|---|---|
|**Trustee**
**Details**|£|£|
|Pastor Jill Berry
Remuneration, NI & pension|67,428|51,196|
|Miss Jane Hodges
Remuneration, NI & pension|21,081|-|
|Mrs Jennifer Mary Anslow
Remuneration, NI & pension|26,878|26,718|
||||
||115,387|77,914|
||||
|**Trustees' expenses**
Trustees' expenses|31.12.21
£
2,000|31.12.20
£
2,677|
The above expense payments were made to Pastor Jill Berry.
## **5. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|31.12.21
31.12.21|31.12.21
31.12.21|31.12.21
31.12.21|
|---|---|---|
|Little Lambs|15|15|
|Church|5|6|
||||
||20|21|
||||
continued...
Page 10
Bethel Chapel
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
|**6.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOMING RESOURCES FROM**
Voluntary income
197,210
Activities for generating funds - group income
179,648
Investment income
373
**Total**
377,231
**RESOURCES EXPENDED ON**
Group expenses and donations
160,913
**Charitable activities**
Support costs
105,903
Governance costs
81,158
**Total**
347,974
**NET INCOME/(EXPENDITURE)**
29,257
**Transfers between funds**
(2,315)
**Net movement in funds**
26,942
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
383,940
**TOTAL FUNDS CARRIED FORWARD**
410,882|Restricted
funds
£
15,173
-
3
15,176
11,951
4,474
-
16,425
(1,249)
2,315
1,066
1,372
2,438|Total
funds
£
212,383
179,648
376|
|---|---|---|
|||392,407
172,864
110,377
81,158|
|||364,399|
|||28,008
-|
|||28,008
385,312|
|||413,320|
## **7. DONATED GOODS AND SERVICES**
As part of membership of the church there are a number of willing volunteers who help in the running of the various church activities and services. The charity benefits from these services but does not recognise the value of these in its financial statements.
The church also obtains donations of clothes and furniture which it then donates to those in need. Due to the size and nature of these, these are not valued in the financial statements, the cost of doing so outweighing the benefit.
continued...
Page 11
Bethel Chapel
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
## **8. TANGIBLE FIXED ASSETS**
|**COST**
At 1 January 2021
Additions
Disposals
At 31 December 2021
**DEPRECIATION**
At 1 January 2021
Charge for year
Eliminated on disposal
At 31 December 2021
**NET BOOK VALUE**
At 31 December 2021
At 31 December 2020
**COST**
At 1 January 2021
Additions
Disposals
At 31 December 2021
**DEPRECIATION**
At 1 January 2021
Charge for year
Eliminated on disposal
At 31 December 2021
**NET BOOK VALUE**
At 31 December 2021
At 31 December 2020|Freehold
Community
property
facilities
£
£
103,570
410,353
-
-
-
-
103,570
410,353
-
156,426
-
8,207
-
-
-
164,633
103,570
245,720
103,570
253,927
Fixtures
and
Motor
fittings
vehicles
£
£
50,461
47,582
4,194
1,800
(42,956)
(1,000)
11,699
48,382
49,035
32,995
284
3,098
(42,956)
(893)
6,363
35,200
5,336
13,182
1,426
14,587|Equipment
£
47,642
6,870
(23,281)
31,231
37,620
2,515
(23,281)
16,854
14,377
10,022
Totals
£
659,608
12,864
(67,237)
605,235
276,076
14,104
(67,130)
223,050
382,185
383,532|
|---|---|---|
continued...
Page 12
Bethel Chapel
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
## **8. TANGIBLE FIXED ASSETS - continued**
Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
|**COST**
At 1 January 2021 and 31 December 2021
**DEPRECIATION**
At 1 January 2021
Charge for year
At 31 December 2021
**NET BOOK VALUE**
At 31 December 2021
At 31 December 2020
**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
31.12.21
£
Accrued income
4,347
Prepayments
1,870
6,217
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
31.12.21
£
Hire purchase (see note 12)
2,325
Taxation and social security
4,778
Other creditors
1,890
8,993|Motor
vehicles
£
14,964|Motor
vehicles
£
14,964|
|---|---|---|
||1,496
2,646||
||4,142||
||10,822||
||13,468||
||31.12.20
£
3,034
1,796
4,830
31.12.20
£
2,325
7,833
1,833
11,991||
|||11,991|
continued...
Page 13
Bethel Chapel
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
|**11.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Hire purchase (see note 12)
**12.**
**LEASING AGREEMENTS**
Minimum lease payments fall due as follows:
Net obligations repayable:
Within one year
Between one and five years
Within one year
Between one and five years
**13.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.1.21
in funds
£
£
**Unrestricted funds**
General fund
410,882
(20,198)
**Restricted funds**
Tithe fund
1,357
1,677
Restoration fund
666
498
Minibus fund
415
(2,723)
2,438
(548)
**TOTAL FUNDS**
413,320
(20,746)|31.12.21
31.12.20
£
£
8,217
10,543
Hire purchase contracts
31.12.21
31.12.20
£
£
2,325
2,325
8,217
10,543
10,542
12,868
Non-cancellable operating
leases
31.12.21
31.12.20
£
£
1,574
1,574
787
2,362
2,361
3,936
Transfers
between
At
funds
31.12.21
£
£
543
391,227
(2,596)
438
(644)
520
2,697
389
(543)
1,347
-
392,574|31.12.21
31.12.20
£
£
8,217
10,543
Hire purchase contracts
31.12.21
31.12.20
£
£
2,325
2,325
8,217
10,543
10,542
12,868
Non-cancellable operating
leases
31.12.21
31.12.20
£
£
1,574
1,574
787
2,362
2,361
3,936
Transfers
between
At
funds
31.12.21
£
£
543
391,227
(2,596)
438
(644)
520
2,697
389
(543)
1,347
-
392,574|
|---|---|---|
|||1,347|
|||392,574|
continued...
Page 14
Bethel Chapel
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
## **13. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Tithe fund
Restoration fund
Minibus fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**Restricted funds**
Tithe fund
Restoration fund
Minibus fund
**TOTAL FUNDS**|At 1.1.20
£
383,940
475
403
494
1,372
385,312|Incoming
resources
£
374,518
17,745
498
-
18,243
392,761
Net
movement
in funds
£
29,257
2,926
293
(4,468)
(1,249)
28,008|Resources
Movement
expended
in funds
£
£
(394,716)
(20,198)
(16,068)
1,677
-
498
(2,723)
(2,723)
(18,791)
(548)
(413,507)
(20,746)
Transfers
between
At
funds
31.12.20
£
£
(2,315)
410,882
(2,044)
1,357
(30)
666
4,389
415
2,315
2,438
-
413,320|
|---|---|---|---|
Page 15
continued...
Bethel Chapel
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
## **13. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|Incoming
resources
£
**Unrestricted funds**
General fund
377,231
**Restricted funds**
Tithe fund
14,877
Restoration fund
293
Minibus fund
6
15,176
**TOTAL FUNDS**
392,407
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1.1.20
in funds
£
£
**Unrestricted funds**
General fund
383,940
9,059
**Restricted funds**
Tithe fund
475
4,603
Restoration fund
403
791
Minibus fund
494
(7,191)
1,372
(1,797)
**TOTAL FUNDS**
385,312
7,262|Resources
Movement
expended
in funds
£
£
(347,974)
29,257
(11,951)
2,926
-
293
(4,474)
(4,468)
(16,425)
(1,249)
(364,399)
28,008
Transfers
between
At
funds
31.12.21
£
£
(1,772)
391,227
(4,640)
438
(674)
520
7,086
389
1,772
1,347
-
392,574|
|---|---|
Page 16
continued...
Bethel Chapel
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
## **13. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Tithe fund
Restoration fund
Minibus fund
**TOTAL FUNDS**|Incoming
resources
£
751,749
32,622
791
6
33,419
785,168|Resources
Movement
expended
in funds
£
£
(742,690)
9,059
(28,019)
4,603
-
791
(7,197)
(7,191)
(35,216)
(1,797)
(777,906)
7,262|
|---|---|---|
## **14. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2021.
Page 17
Bethel Chapel
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
|Detailed Statement of Financial Activities
for the Year Ended 31 December 2021|||
|---|---|---|
||31.12.21|31.12.20|
||£|£|
|**INCOMING RESOURCES**|||
|**Voluntary income**|||
|Income from Minibus|-|6|
|General donations|8,823|320|
|Income from general fund raisers|960|4,684|
|Offerings|73,385|75,082|
|Specific donations|1,134|639|
|Income from fairs|18,816|4,491|
|Weddings, Christenings and funerals|88,926|96,970|
|Covenanted income|18,988|20,554|
|Grants received|2,858|9,637|
||213,890|212,383|
|**Activities for generating funds - group income**|||
|One way|-|182|
|Little lambs|171,607|176,149|
|Toddlers|788|381|
|Cornerstones|1,772|1,217|
|Craft and Chat|-|83|
|Knit and Natter|61|65|
|Charity shop|4,537|1,571|
|Move it or lose it|68|-|
||178,833|179,648|
|**Investment income**|||
|Rents received|-|300|
|Bank interest receivable|38|76|
||38|376|
|**Total incoming resources**|392,761|392,407|
|**RESOURCES EXPENDED**|||
|**Group expenses**|||
|Trustees' salaries|24,686|24,685|
|Trustees' social security|1,638|1,495|
|Trustees' pensions paid|553|538|
|Prize giving|213|157|
|Pathfinders|125|467|
|Ice breakers|1|120|
|Carried forward|27,216|27,462|
This page does not form part of the statutory financial statements
Page 18
Bethel Chapel
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
|Detailed Statement of Financial Activities
for the Year Ended 31 December 2021|||
|---|---|---|
||31.12.21|31.12.20|
||£|£|
|**Group expenses**|||
|Brought forward|27,216|27,462|
|General childrens work|376|1,841|
|One way|-|40|
|Little lambs|137,505|124,195|
|Toddlers|71|5|
|Cornerstones|1,727|1,004|
|Charity shop|5,415|6,366|
||172,310|160,913|
|**Donations**|||
|Donations|18,732|11,951|
|**Support costs**|||
|**Support costs**|||
|Trustees' salaries|18,953|-|
|Trustees' social security|1,700|-|
|Trustees' pensions paid|428|-|
|Wages|53,483|61,153|
|Social security|1,869|2,387|
|Pensions|770|832|
|Rates and insurance|2,234|2,057|
|Advertising|22|22|
|Light and heat|5,890|5,268|
|Telephone|1,266|4,173|
|Postage and stationery|3,070|3,153|
|Cleaning|-|890|
|Household expenses|189|285|
|Special services and events|234|299|
|Music tracts and outreach|260|397|
|Fund raising costs|890|1,000|
|Subscriptions|191|318|
|Motor expenses|7,522|7,889|
|Licences|1,643|1,286|
|Restoration|6,182|5,357|
|Child protection|1,035|1,804|
|Ground/gardening|3,595|490|
|Pastoral care|1,186|355|
|Depreciation of tangible fixed assets|11,589|11,150|
|(Profit) / loss on sale of tangible fixed assets|-|(188)|
||124,201|110,377|
|**Governance costs**|||
|Trustees' salaries|60,407|46,000|
|Carried forward|60,407|46,000|
This page does not form part of the statutory financial statements
Page 19
Bethel Chapel
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
|Detailed Statement of Financial Activities
for the Year Ended 31 December 2021|||
|---|---|---|
||31.12.21|31.12.20|
||£|£|
|**Governance costs**|||
|Brought forward|60,407|46,000|
|Trustees' social security|5,704|4,158|
|Trustees' pensions paid|1,318|1,038|
|Trustees' expenses|2,000|2,677|
|Social security|604|527|
|Equipment lease|1,574|1,180|
|Rates and insurance|785|685|
|Light and heat|1,964|1,756|
|Telephone|799|948|
|Postage and stationery|7,846|7,184|
|Household expenses|315|917|
|Computer costs|2,689|3,266|
|Bank charges|934|909|
|Accountancy|2,730|2,190|
|Legal fees|5,526|4,848|
|Depreciation of tangible fixed assets|2,515|2,507|
|Loss on sale of tangible fixed assets|107|-|
|Hire purchase|447|368|
||98,264|81,158|
|Total resources expended|413,507|364,399|
|**Net (expenditure)/income**|(20,746)|28,008|
This page does not form part of the statutory financial statements
Page 20