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2023-12-31-accounts

Bethel Pentecostal Fellowship Registered Charity Number: 1050308

Bethel Pentecostal Fellowship

Trustees Annual Report and Accounts For the year ended 31[st] December 2023

Bethel Pentecostal Fellowship

CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31[st] December 2023

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Receipts and Payments 4
Statement of Assets and Liabilities 5
Notes to the Accounts 6

Bethel Pentecostal Fellowship

REPORT OF THE TRUSTEES for the year ended 31[st] December 2023

The trustees present their report and accounts for the year ended 31st December 2023. The trustees have opted, under section 133 of the Charities Act 2011 (‘the Charities Act’), to prepare receipts and payments accounts

Objectives and Aims

Public benefit

The Trustees have considered the Charity Commission guidance on public benefit and consider that the activities of the charity meet its charitable objectives and provide a benefit to the public.

Achievement and Performance

Charitable activities

This financial year began with being given Bethel Pentecostal Church Tiverton so that we could do more for the community. We began a change in charity structure to accommodate the new building, moving from an old-style charity structure to a Charitable Incorporated Organisation. The provision of this building now meant that we had two locations, one in Tiverton and one in Fremington. We were able to provide events and much needed services for the community in both locations. One of these monthly events was Messy Church in Tiverton where families could also come and enjoy a free breakfast. We also put on Warm Space weekly at the Tiverton location. This was a place where anyone could come for some free hot food, be warm and play some board games. In addition to these community events, we also put on a Free Lunch event during the half term. We did this event twice in the year.

The trainee minister that we had financially supported, achieved his accreditation this year and so we positioned this newly qualified Minister at the Tiverton location.

Both churches have seen a good number of people who want to grow in loving Jesus. We have provided community groups for pastoral care and discipleship programmes. We have had 4 salvations and 5 baptisms this year as a result at the Tiverton location.

To improve accessibility into the building, increase the ability to be able to see the building and bring the building up to date we bought signs, ramps and a new noticeboard. We undertook many repairs and decorated inside and outside the building.

In December we provided Community Carol services at both locations which were well attended. We gave away selection boxes to the children.

We have recently appointed two volunteer youth workers so that Children and young people can enjoy Youth Church downstairs on a Sunday.

We also financially supported those who wanted to attend our AOG area Days and we were able to send our team to the AOG National Conference.

Financial review

The Charity had a surplus of £22,101 (2022: £911) for the year ended 31[st] December 2023. Income received was £46,350 (2022 £11,520) and expenditure of £24,239 (2022 £10,609).

Unrestricted funds at the year-end were £7,412 (2022: £911)

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Reserves policy

The trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.

Risk assessment

The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks

Page 1

Bethel Pentecostal Fellowship

REPORT OF THE TRUSTEES for the year ended 31[st] December 2023

Structure, Governance and Management

Governing document

Bethel Pentecostal Fellowship is a charity constituted by trust deed dated 5[th] December 1993 as amended 25[th] July 2010. The board of trustees meet regularly to discuss the work of the charity. New trustees are elected by the existing trustees to the board after nomination and interview.

Financial reports are presented to the board at each meeting. Minutes of each meeting are taken and subsequently distributed.

Reference and Administration Details Registered name Bethel Pentecostal Fellowship Also known as One Life Church

Registered Charity number

1050308

Principal address

One Life Church St Andrew Street Tiverton Devon EX16 6PH

Trustees Name Position Appointments/Resignations Andrea Rowan Chair 1[st] September 2022 Patricia Gover 1st January 2023 Kerissa Wright 1st January 2023 Gary Yeo 1st January 2023 Julie Warrender 1[st] September 2022

Independent Examiner Magnus Proctor FFA Lindisfarne Landkey Road Barnstaple EX32 9BW

Approved by the board of trustees on 25[th] March 2024 and signed on its behalf by:

.............................................

Andrea Rowan, Chair

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BETHEL PENTECOSTAL FELLOWSHIP

Independent examiner's report to the trustees of Bethel Pentecostal Fellowship

I report to the charity trustees on my examination of the accounts of Pentecostal Fellowship for the year ended 31[st] 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

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 confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

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Signed:
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Magnus Proctor FFA Fellow of the Institute of Financial Accountants Lindisfarne Landkey Road Barnstaple EX32 9BW

Date: 25[th] April 2024

Page 3

Bethel Pentecostal Fellowship

RECEIPTS AND PAYMENTS for the Year ended 31[st] December 2023

RECEIPTS AND PAYMENTS
for the Year ended 31st December 2023
Receipts
Gifts and donations
Rental income
Other income
Total receipts
Payments
Salaries
Resources
Refreshments
Assemblies of God
Gifts
Travel and expenses
Insurance
Utilities
Maintenance
Telephone and internet
Administration
Total payments
Net receipts / (payments)
Reconciliation of funds
Transfer between funds
Total Funds brought forward
Total Funds carried forward		 2023
2022
Unrestricted
funds
Restricted
funds
Total
Total
£
£
£
£
16,372
26,145
42,517
11,520
3,557
0
3,557
0
266
0
266
0
20,195
26,145
46,340
11,520
10,984
0
10,984
6,000
1,562
0
1,562
145
468
0
468
0
360
0
360
240
267
0
267
0
3,233
0
3,233
655
1,699
0
1,699
1,517
3,719
0
3,719
1,414
1,173
0
1,173
200
597
0
597
438
177
0
177
0
24,239
0
24,239
10,609
(4,044)
26,145
22,101
911
0
0
0
0
11,456
0
11,456
10,545
7,412
26,145
33,557
11,456

Page 4

Bethel Pentecostal Fellowship

STATEMENT OF ASSETS AND LIABILITIES At 31[st] December 2023

STATEMENT OF ASSETS AND LIABILITIES
At 31st December 2023
Fixed Assets
Current Assets
Debtors
Cash at bank
Current Liabilities
Creditors
Total Assets less Liabilities		 2023
2022
Unrestricted
funds
Restricted
funds
Total
Total
£
£
£
£
0
0
0
0
0
0
0
0
7,412
26,145
33,557
10,545
(250)
0
(250)
(0)
7,162
26,145
33,307
(0)

The financial statements were approved by the Board of Trustees on 25[th] March 2024 and were signed on its behalf by:

............................................. Andrea Rowan, Chair

Page 5

Bethel Pent

1. Accounting Policies

Basis of preparing the financial statements and assessment of going concern

These accounts have been prepared on a receipts and payments basis as permitted by law for smaller charities.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

2. Movement in Funds

2. Movement in Funds
General Fund
Restricted:
Future Development Fund
Total Funds		 Balance
Income
Expenditure
Transfers
Balance
1st Jan 2023
31st Dec 2023
11,456
20,195
(24,239)
0
7,412
0
26,145
(0)
0
26,145
11,456
46,340
(24,239)
0
1,036

Unrestricted Funds

General Fund
Restricted:
Total Funds		 Balance
Income
Expenditure
Transfers
Balance
1st Jan 2022
31st Dec 2022
10,545
11,520
(10,609)
0
11,456
0
0
(0)
0
0
10,545
11,520
(10,609)
0
11,456

3. Trustee remuneration and benefits

None of the trustees have been paid any remuneration or received any benefits from an employment with the charity or a related entity.

Mark Rowan, husband of a trustee, received a salary from the charity amounting to £10,984

Page 6