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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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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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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