REGISTERED CHARITY NUMBER: 1001260
Report of the Trustees and
Financial Statements for the Year Ended 31 December 2023
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 2023
| 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 | 16 |
| Detailed Statement of Financial Activities | 17 | to | 19 |
Bethel Chapel
Reference and Administrative Details for the Year Ended 31 December 2023
TRUSTEES Ptr J Berry Mrs G A Harvey Mr J B Wilding Mr A Parkes Mrs J M Anslow Ms P Hazlehurst Ms S L Parkes Ms J Rowan Miss J Hodges Ms J Shilton 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
for the Year Ended 31 December 2023
Report of the Trustees
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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 and BIBO (Breathe In Breathe Out) 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. This year we have also taken on the adjacent shop to Bethel Treasures Heaven Scent enlarging our Charity-type shop outreach.
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. All our services are 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 2023
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 2023, 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." All services and groups are 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, BIBO (Breathe In Breathe Out), Cancer Peer Support Group, Friday Feelgood Afternoon 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's incoming resources have decreased this year to £360,770 (2022 - £461,114). However, costs and expenses have also decreased in the year to £391,055 (2022 - 455,987). This has resulted in net expenditure for the year of £30,285 (2022 - net income of £5,127) and the accumulated reserves at the end of the year being £367,416 (2022 - £397,701).
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. Building renovation work is now complete, as is the necessary re-plastering inside the Chapel and redecoration has been done. We also expanded the work of Bethel Treasures Heaven Scent with a second, adjacent shop.
Page 3
Bethel Chapel
for the Year Ended 31 December 2023
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.
From January the 1st 2023, Pastor Jill Berry no longer receives any remuneration from Bethel Chapel, and is now self-employed. She remains as the Pastor of Bethel Chapel and continues the work she did for Bethel as before, simply as a volunteer.
Mrs J Anslow (manager of Little Lambs) has her remuneration agreed by the board of trustees at a rate that is considered appropriate to her activities.
Miss Jane Hodges (admin and bookkeeper) 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 2023.
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 member of the Association of Chartered Certified Accountants, 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 The Association of Chartered Certified Accountants
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 2023
| Unrestricted fund Notes £ INCOMING RESOURCES FROM Voluntary income 123,498 Activities for generating funds - group income 2 220,408 Investment income 3 47 Total 343,953 RESOURCES EXPENDED ON Group expenses and donations 209,682 Charitable activities Support costs 135,987 Governance costs 25,896 Total 371,565 NET INCOME/(EXPENDITURE) (27,612) Transfers between funds 13 (1,328) Net movement in funds (28,940) RECONCILIATION OF FUNDS Total funds brought forward 395,834 TOTAL FUNDS CARRIED FORWARD 366,894 |
Restricted funds £ 16,813 - 4 16,817 17,891 1,512 87 19,490 (2,673) 1,328 (1,345) 1,867 522 |
31.12.23 31.12.22 Total Total funds funds £ £ 140,311 239,317 220,408 221,772 51 25 360,770 461,114 227,573 218,741 137,499 132,211 25,983 105,035 391,055 455,987 (30,285) 5,127 - - (30,285) 5,127 397,701 392,574 367,416 397,701 |
31.12.23 31.12.22 Total Total funds funds £ £ 140,311 239,317 220,408 221,772 51 25 360,770 461,114 227,573 218,741 137,499 132,211 25,983 105,035 391,055 455,987 (30,285) 5,127 - - (30,285) 5,127 397,701 392,574 367,416 397,701 |
|---|---|---|---|
| 461,114 | |||
| 218,741 132,211 105,035 |
|||
| 455,987 | |||
| 5,127 - |
|||
| 5,127 392,574 |
|||
| 397,701 |
The notes form part of these financial statements
Page 6
Bethel Chapel
Balance Sheet
31 December 2023
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 347,537 CURRENT ASSETS Debtors 9 9,883 Cash at bank 18,860 28,743 CREDITORS Amounts falling due within one year 10 (9,386) NET CURRENT ASSETS 19,357 TOTAL ASSETS LESS CURRENT LIABILITIES 366,894 CREDITORS Amounts falling due after more than one year 11 - NET ASSETS 366,894 FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 78 209 235 444 - 444 522 - 522 |
31.12.23 Total funds £ 347,615 10,092 19,095 29,187 (9,386) 19,801 367,416 - 367,416 366,894 522 367,416 |
31.12.22 Total funds £ 367,949 5,800 45,721 51,521 (15,877) 35,644 403,593 (5,892) 397,701 395,834 1,867 397,701 |
|---|---|---|---|
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 2023
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 2023
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.
| Little lambs Toddlers Cornerstones Knit and Natter Charity shop Move it or lose it INVESTMENT INCOME Bank interest receivable |
31.12.23 £ 198,583 1,401 6,496 195 13,733 - 220,408 31.12.23 £ 51 |
31.12.22 £ 202,626 1,206 6,452 161 11,306 21 |
|---|---|---|
| 221,772 | ||
| 31.12.22 £ 25 |
continued...
Page 9
Bethel Chapel
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
4. TRUSTEES' REMUNERATION AND BENEFITS
| Trustees' salaries Trustees' social security Trustees' pensions paid |
31.12.23 £ 64,515 4,306 1,460 70,281 |
31.12.22 £ 123,632 10,617 2,543 136,792 |
|---|---|---|
The trustees of the charity are its key management personnel. Remuneration payments regarding the following trustees were made as below:
| 31.3.23 | 31.3.22 | |
|---|---|---|
| Trustee Details |
£ | £ |
| Pastor Jill Berry Remuneration, NI & pension |
- | 75,394 |
| Miss Jane Hodges Remuneration, NI & pension |
36,096 | 30,805 |
| Mrs Jennifer Mary Anslow Remuneration, NI & pension |
34,185 | 30,593 |
| 70,281 | 136,792 | |
Pastor Jill Berry became self employed from 1st January 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31.12.23 | 31.12.22 | |
|---|---|---|
| Little Lambs | 14 | 17 |
| Church | 6 | 6 |
| 20 | 23 |
No employees received emoluments in excess of £60,000.
continued...
Page 10
Bethel Chapel
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOMING RESOURCES FROM Voluntary income 224,907 Activities for generating funds - group income 221,772 Investment income 24 Total 446,703 RESOURCES EXPENDED ON Group expenses and donations 204,768 Charitable activities Support costs 130,484 Governance costs 105,035 Total 440,287 NET INCOME/(EXPENDITURE) 6,416 Transfers between funds (1,809) Net movement in funds 4,607 RECONCILIATION OF FUNDS Total funds brought forward 391,227 TOTAL FUNDS CARRIED FORWARD 395,834 |
Restricted funds £ 14,410 - 1 14,411 13,973 1,727 - 15,700 (1,289) 1,809 520 1,347 1,867 |
Total funds £ 239,317 221,772 25 |
|---|---|---|
| 461,114 | ||
| 218,741 132,211 105,035 |
||
| 455,987 | ||
| 5,127 - |
||
| 5,127 392,574 |
||
| 397,701 |
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.
Goods donated and subsequently resold via the charity shop are also not valued. The income in the year from these sales is £13,733 (2022 - £11,306).
continued...
Page 11
Bethel Chapel
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
8. TANGIBLE FIXED ASSETS
| COST At 1 January 2023 Additions Disposals At 31 December 2023 DEPRECIATION At 1 January 2023 Charge for year Eliminated on disposal At 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 COST At 1 January 2023 Additions Disposals At 31 December 2023 DEPRECIATION At 1 January 2023 Charge for year Eliminated on disposal At 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 |
Freehold Community property facilities £ £ 103,570 410,353 - - - - 103,570 410,353 - 172,840 - 8,207 - - - 181,047 103,570 229,306 103,570 237,513 Fixtures and Motor fittings vehicles £ £ 11,836 48,382 108 - - (14,964) 11,944 33,418 7,435 37,674 906 265 - (6,306) 8,341 31,633 3,603 1,785 4,401 10,708 |
Equipment £ 31,524 - - 31,524 19,768 2,405 - 22,173 9,351 11,756 Totals £ 605,665 108 (14,964) 590,809 237,717 11,783 (6,306) 243,194 347,615 367,948 |
|---|---|---|
continued...
Page 12
Bethel Chapel
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
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 2023 Disposals At 31 December 2023 DEPRECIATION At 1 January 2023 Eliminated on disposal At 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 £ Accrued income 6,054 Prepayments 4,038 10,092 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 £ Hire purchase (see note 12) - Taxation and social security 6,634 Other creditors 2,752 9,386 |
Motor vehicles £ 14,964 (14,964) - 6,306 (6,306) - - 8,658 31.12.22 £ 4,734 1,066 5,800 31.12.22 £ 2,325 10,850 2,702 15,877 |
|---|---|
continued...
Page 13
Bethel Chapel
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
| 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 13. MOVEMENT IN FUNDS Net movement At 1.1.23 in funds £ £ Unrestricted funds General fund 395,834 (27,612) Restricted funds Tithe fund 563 (508) Restoration fund 833 (653) Minibus fund 471 (1,512) 1,867 (2,673) TOTAL FUNDS 397,701 (30,285) |
31.12.23 31.12.22 £ £ - 5,892 Hire purchase contracts 31.12.23 31.12.22 £ £ - 2,325 - 5,892 - 8,217 Non-cancellable operating leases 31.12.23 31.12.22 £ £ 787 787 Transfers between At funds 31.12.23 £ £ (1,328) 366,894 - 55 - 180 1,328 287 1,328 522 - 367,416 |
31.12.23 31.12.22 £ £ - 5,892 Hire purchase contracts 31.12.23 31.12.22 £ £ - 2,325 - 5,892 - 8,217 Non-cancellable operating leases 31.12.23 31.12.22 £ £ 787 787 Transfers between At funds 31.12.23 £ £ (1,328) 366,894 - 55 - 180 1,328 287 1,328 522 - 367,416 |
|---|---|---|
| 522 | ||
| 367,416 |
continued...
Page 14
Bethel Chapel
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
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 1.1.22 £ 391,227 438 520 389 1,347 392,574 |
Incoming resources £ 343,953 16,813 4 - 16,817 360,770 Net movement in funds £ 6,416 125 313 (1,727) (1,289) 5,127 |
Resources Movement expended in funds £ £ (371,565) (27,612) (17,321) (508) (657) (653) (1,512) (1,512) (19,490) (2,673) (391,055) (30,285) Transfers between At funds 31.12.22 £ £ (1,809) 395,834 - 563 - 833 1,809 471 1,809 1,867 - 397,701 |
|---|---|---|---|
Page 15
continued...
Bethel Chapel
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
13. MOVEMENT IN FUNDS - continued
Comparative 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 £ 446,703 14,098 313 - 14,411 461,114 |
Resources Movement expended in funds £ £ (440,287) 6,416 (13,973) 125 - 313 (1,727) (1,727) (15,700) (1,289) (455,987) 5,127 |
|---|---|---|
14. RELATED PARTY DISCLOSURES
During the year, eight of the trustees made donations to the charity. The total of these donations were £25,948.
Page 16
Bethel Chapel
Detailed Statement of Financial Activities for the Year Ended 31 December 2023
| Detailed Statement of Financial Activities for the Year Ended 31 December 2023 |
||
|---|---|---|
| 31.12.23 | 31.12.22 | |
| £ | £ | |
| INCOMING RESOURCES | ||
| Voluntary income | ||
| General donations | 5,740 | 8,449 |
| Income from general fund raisers | 1,258 | 3,120 |
| Offerings | 83,068 | 86,082 |
| Specific donations | 1,966 | 2,089 |
| Building fund raisers | 1,478 | 1,658 |
| Income from fairs | 18,377 | 24,493 |
| Weddings, Christenings and funerals | 7,866 | 85,596 |
| Covenanted income | 20,558 | 27,830 |
| 140,311 | 239,317 | |
| Activities for generating funds - group income | ||
| Little lambs | 198,583 | 202,626 |
| Toddlers | 1,401 | 1,206 |
| Cornerstones | 6,496 | 6,452 |
| Knit and Natter | 195 | 161 |
| Charity shop | 13,733 | 11,306 |
| Move it or lose it | - | 21 |
| 220,408 | 221,772 | |
| Investment income | ||
| Bank interest receivable | 51 | 25 |
| Total incoming resources | 360,770 | 461,114 |
| RESOURCES EXPENDED | ||
| Group expenses | ||
| Trustees' salaries | 31,434 | 27,919 |
| Trustees' social security | 2,018 | 2,042 |
| Trustees' pensions paid | 733 | 632 |
| Prize giving | 163 | 218 |
| Pathfinders | 304 | 84 |
| General childrens work | - | 728 |
| Little lambs | 163,716 | 160,010 |
| Toddlers | 182 | 89 |
| Cornerstones | 6,524 | 5,341 |
| Charity shop | 10,582 | 7,327 |
| 215,656 | 204,390 |
This page does not form part of the statutory financial statements
Page 17
Bethel Chapel
Detailed Statement of Financial Activities for the Year Ended 31 December 2023
| Detailed Statement of Financial Activities for the Year Ended 31 December 2023 |
||
|---|---|---|
| 31.12.23 | 31.12.22 | |
| £ | £ | |
| Group expenses | ||
| Donations | ||
| Donations | 11,917 | 14,351 |
| Support costs | ||
| Support costs | ||
| Trustees' salaries | 33,081 | 28,106 |
| Trustees' social security | 2,288 | 2,109 |
| Trustees' pensions paid | 727 | 590 |
| Wages | 58,063 | 54,757 |
| Social security | 2,164 | 2,700 |
| Pensions | 746 | 661 |
| Rates and insurance | 2,885 | 1,056 |
| Advertising | 552 | 50 |
| Light and heat | 7,750 | 4,992 |
| Telephone | 820 | 1,605 |
| Postage and stationery | 3,165 | 2,213 |
| Household expenses | 343 | 298 |
| Special services and events | 271 | 912 |
| Music tracts and outreach | 266 | 1,110 |
| Fund raising costs | 1,436 | 3,058 |
| Subscriptions | 323 | 387 |
| Motor expenses | 4,629 | 8,271 |
| Licences | 1,430 | 159 |
| Restoration | 4,701 | 5,282 |
| Child protection | 1,218 | 1,269 |
| Ground/gardening | 500 | 690 |
| Pastoral care | 153 | 183 |
| Depreciation of tangible fixed assets | 9,378 | 11,753 |
| (Profit) / loss on sale of tangible fixed assets | 159 | - |
| 137,048 | 132,211 | |
| Governance costs | ||
| Trustees' salaries | - | 67,607 |
| Trustees' social security | - | 6,466 |
| Trustees' pensions paid | - | 1,321 |
| Social security | 523 | 650 |
| Equipment lease | 1,679 | 1,828 |
| Rates and insurance | 962 | 352 |
| Light and heat | 2,450 | 1,664 |
| Telephone | 545 | 1,110 |
| Postage and stationery | 6,334 | 6,248 |
| Sundries | 40 | - |
| Household expenses | 563 | 636 |
| Carried forward | 13,096 | 87,882 |
This page does not form part of the statutory financial statements
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Bethel Chapel
Detailed Statement of Financial Activities for the Year Ended 31 December 2023
| Detailed Statement of Financial Activities for the Year Ended 31 December 2023 |
||
|---|---|---|
| 31.12.23 | 31.12.22 | |
| £ | £ | |
| Governance costs | ||
| Brought forward | 13,096 | 87,882 |
| Computer costs | 2,232 | 2,502 |
| Bank charges | 1,033 | 972 |
| Accountancy | 2,730 | 5,452 |
| Legal fees | 4,866 | 4,866 |
| Depreciation of tangible fixed assets | 2,405 | 2,914 |
| Hire purchase | 72 | 447 |
| 26,434 | 105,035 | |
| Total resources expended | 391,055 | 455,987 |
| Net (expenditure)/income | (30,285) | 5,127 |
This page does not form part of the statutory financial statements
Page 19