**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** - The advancement of the Christian Religion by the proclamation and furtherance of the Gospel of God. ## **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. **----- Start of picture text -----**
Signed:
**----- End of picture text -----**
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