REGISTERED CHARITY NUMBER: 1052555
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2022
for
Bethel Christian Centre (The Dream Centre)
Daniel Sam Limited Chartered Accountants
61 Plodder Lane Farnworth Bolton BL4 0BX
Bethel Christian Centre
(The Dream Centre)
Contents of the Financial Statements for the Year Ended 31 March 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
Bethel Christian Centre (The Dream Centre)
Report of the Trustees for the Year Ended 31 March 2022
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. 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
Objectives and aims
The main objectives of the charity remain those of the proclamation and furtherance of the Christian gospel message.
Public benefit
The board of trustees (known as the church council) is satisfied with the performance of the charity during the year and in planning the activities the trustees have had regard to the Charity Commission's guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Throughout the year under review, the principal activities have been those of Christian fellowship, the declaration of the Christian gospel and the promotion of Christian mission both nationally and internationally.
Together with other local churches, the charity has supported other Christian initiatives during the year.
FINANCIAL REVIEW
Principal funding sources
The Church raises most of the general funds it needs to carry on its activities from within its own membership and congregation.
Reserves policy
The trustees consider the level of reserves appropriate to the charity's needs.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
The power to appoint or remove a trustee is vested in the trustees.
Organisational structure
The management of the charity is by a church council, which has the power, by simple majority vote, to appoint holding trustees who stand possessed of the property of the trust.
The current holding trustees are as follows: Mr A Duffield Mr D Warrington Mrs D Warrington
Wider network
The charity remains in fellowship and relationship with the churches which form the Assemblies of God in Great Britain whose National Ministry is located in Mattersey, Doncaster, DN10 5HD.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1052555
Principal address
King Street Droylsden Manchester M43 6TR
Page 1
Bethel Christian Centre (The Dream Centre)
Report of the Trustees for the Year Ended 31 March 2022
Trustees
Rev A Higginson P Clark P A K Duffield
Independent Examiner
Daniel Sam Limited Chartered Accountants 61 Plodder Lane Farnworth Bolton BL4 0BX
Dec 6, 2022 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
Phil Clark (Dec 6, 2022 21:30 GMT) ........................................................................ P Clark - Trustee
Page 2
Independent Examiner's Report to the Trustees of Bethel Christian Centre
Independent examiner's report to the trustees of Bethel Christian Centre
I report to the charity trustees on my examination of the accounts of Bethel Christian Centre (the Trust) for the year ended 31 March 2022.
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:
-
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.
Gracian Daniel-Sam ACA Daniel Sam Limited Chartered Accountants 61 Plodder Lane Farnworth Bolton BL4 0BX
Dec 12, 2022 Date: .............................................
Page 3
Bethel Christian Centre (The Dream Centre)
Statement of Financial Activities
for the Year Ended 31 March 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 71,688 Investment income 2 38 Total 71,726 EXPENDITURE ON Charitable activities Ministry and mission 40,796 Other 31,780 Total 72,576 NET INCOME/(EXPENDITURE) (850) Transfers between funds 9 (1,263) Net movement in funds (2,113) RECONCILIATION OF FUNDS Total funds brought forward 304,427 TOTAL FUNDS CARRIED FORWARD 302,314 |
Restricted fund £ 665 - 665 377 - 377 288 1,263 1,551 900 2,451 |
31.3.22 Total funds £ 72,353 38 72,391 41,173 31,780 72,953 (562) - (562) 305,327 304,765 |
31.3.21 Total funds £ 79,078 91 79,169 31,320 31,617 62,937 16,232 - 16,232 289,095 305,327 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
Bethel Christian Centre (The Dream Centre)
Balance Sheet
31 March 2022
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 52,918 CURRENT ASSETS Debtors 7 2,469 Prepayments and accrued income - Cash at bank and in hand 247,720 250,189 CREDITORS Amounts falling due within one year 8 (793) NET CURRENT ASSETS 249,396 TOTAL ASSETS LESS CURRENT LIABILITIES 302,314 NET ASSETS 302,314 FUNDS 9 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - - - 2,451 2,451 - 2,451 2,451 2,451 |
31.3.22 Total funds £ 52,918 2,469 - 250,171 252,640 (793) 251,847 304,765 304,765 302,314 2,451 304,765 |
31.3.21 Total funds £ 55,026 7,065 2,327 241,622 251,014 (713) 250,301 305,327 305,327 304,427 900 305,327 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: Dec 6, 2022
Anthony Higginson
Anthony Higginson (Dec 6, 2022 10:59 GMT)
.............................................
A Higginson - Trustee
Phil Clark (Dec 6, 2022 21:30 GMT) ............................................. P Clark - Trustee
Paul Duffield (Dec 9, 2022 18:53 GMT)
............................................. P A K Duffield - Trustee
The notes form part of these financial statements
Page 5
Bethel Christian Centre (The Dream Centre)
Notes to the Financial Statements for the Year Ended 31 March 2022
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.
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.
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.
Freehold property - not provided Fixtures and fittings - 20% on reducing balance Computer equipment - 20% on reducing balance
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.
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.
continued...
Page 6
Bethel Christian Centre (The Dream Centre)
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
2. INVESTMENT INCOME
| 2. | INVESTMENT INCOME | ||
|---|---|---|---|
| 31.3.22 | 31.3.21 | ||
| £ | £ | ||
| Deposit account interest | 38 | 91 | |
| 3. | TRUSTEES' REMUNERATION AND BENEFITS | ||
| Trustees' salaries | 31.3.22 £ 22,506 |
31.3.21 £ 21,357 |
|
| Trustees' pension contributions to money purchase schemes | 492 | 502 | |
| 22,998 | 21,859 |
The above remuneration is in respect of Rev A Higginson in his role as minister of the church and not in his role as a member of the church council.
Rev A Higginson is not part of any meetings involving discussions or decisions regarding his remuneration or terms of employment.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Ministry | 31.3.22 31.3.21 1 1 |
|---|---|
| Administration | 2 2 |
| 3 3 |
No employees received emoluments in excess of £60,000.
5. INDEPENDENT EXAMINER'S REMUNERATION
The following amounts were payable to the Independent Examiner during the year:
-
£540 to prepare the accounts in their final format and carry out the independent examination.
-
£180 for payroll services.
continued...
Page 7
Bethel Christian Centre (The Dream Centre)
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
6. TANGIBLE FIXED ASSETS
| Fixtures Freehold and property fittings £ £ COST At 1 April 2021 18,011 30,363 Additions - 2,787 At 31 March 2022 18,011 33,150 DEPRECIATION At 1 April 2021 - 25,222 Charge for year - 1,586 At 31 March 2022 - 26,808 NET BOOK VALUE At 31 March 2022 18,011 6,342 At 31 March 2021 18,011 5,141 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Tax 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 9. MOVEMENT IN FUNDS Net movement At 1.4.21 in funds £ £ Unrestricted funds General fund 304,427 (850) Restricted funds Restricted fund 900 288 TOTAL FUNDS 305,327 (562) |
Computer equipment £ 99,249 3,833 103,082 67,375 7,142 74,517 28,565 31,874 31.3.22 £ 2,469 - 2,469 31.3.22 £ 793 Transfers between funds £ (1,263) 1,263 - |
Totals £ 147,623 6,620 154,243 92,597 8,728 101,325 52,918 55,026 31.3.21 £ 4,323 2,742 7,065 31.3.21 £ 713 At 31.3.22 £ 302,314 2,451 304,765 |
|---|---|---|
continued...
Page 8
Bethel Christian Centre (The Dream Centre)
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 71,726 Restricted funds Restricted fund 665 TOTAL FUNDS 72,391 Comparatives for movement in funds Net movement At 1.4.20 in funds £ £ Unrestricted funds General fund 287,751 15,332 Restricted funds Restricted fund 1,344 900 TOTAL FUNDS 289,095 16,232 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 78,069 Restricted funds Restricted fund 1,100 TOTAL FUNDS 79,169 |
Resources Movement expended in funds £ £ (72,576) (850) (377) 288 (72,953) (562) Transfers between At funds 31.3.21 £ £ 1,344 304,427 (1,344) 900 - 305,327 Resources Movement expended in funds £ £ (62,737) 15,332 (200) 900 (62,937) 16,232 |
|---|---|
continued...
Page 9
Bethel Christian Centre (The Dream Centre)
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
At 1.4.20 £ 287,751 1,344 289,095 |
Net movement in funds £ 14,482 1,188 15,670 |
Transfers between funds £ 81 (81) - |
At 31.3.22 £ 302,314 2,451 304,765 |
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds | Incoming Resources resources expended £ £ |
Movement in funds £ |
|---|---|---|
| General fund | 149,795 (135,313) |
14,482 |
| Restricted funds | ||
| Restricted fund | 1,765 (577) |
1,188 |
| TOTAL FUNDS | 151,560 (135,890) |
15,670 |
10. RELATED PARTY DISCLOSURES
Rev Anthony Higginson, a member of the church council, received wages and pension contributions totalling £22,998 (2021: £21,858) for his employment as minister and not in his role as a member of the church council.
Mrs Carol Higginson, wife of Rev Anthony Higginson, was employed by the church during the year and received wages of £4,160 (2021: £4,160).
During the year, £695 (2021: £2,785) was paid to a building maintenance business for various property repairs which was owned by Mr Ben Higginson, son of Rev Anthony Higginson.
Mrs Emma Duffield, wife of Mr Paul Duffield, was employed by the church during the year in an administrative role and received wages of £2,600 (2021: £2,600).
During the year, £2,125 (2021: £1,695 was paid to a website/graphic design business for goods and services which was owned by Mr Philip Clark, a member of the church council.
Mrs Andrea Clark, wife of Mr Philip Clark, was paid £765 (2021: £1,240) for administrative services in a self-employed capacity.
Mr Daniel Clark, son of Mr Philip Clark, was paid £1,080 (2021: £nil) to carry out property repairs for the church.
continued...
Page 10
Bethel Christian Centre (The Dream Centre)
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
10. RELATED PARTY DISCLOSURES - continued
Mr Matthew Duffield, brother of Mr Paul Duffield, was paid £250 (2021: £nil) to provide catering services for a church event.
Page 11
Bethel Christian Centre (The Dream Centre)
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
| Detailed Statement of Financial Activities for the Year Ended 31 March 2022 |
||
|---|---|---|
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| General gifts and donations | 736 | 2,046 |
| Offerings and tithes | 72,160 | 62,612 |
| Gift aid | - | 12,723 |
| Conference receipts | (2,400) | - |
| Sundry income | 1,857 | 1,697 |
| Investment income | 72,353 | 79,078 |
| Deposit account interest | 38 | 91 |
| Total incoming resources | 72,391 | 79,169 |
| EXPENDITURE | ||
| Charitable activities | ||
| Trustees' salaries | 22,506 | 21,357 |
| Trustees' pension contributions | 492 | 502 |
| Wages | 6,758 | 6,760 |
| Social security | - | (1,819) |
| Worship | 2,644 | 733 |
| Training | 48 | 147 |
| Gifts to other ministries | 3,333 | 1,370 |
| Outreach expenses | 1,352 | 142 |
| Youth and children work | 535 | 332 |
| Hospitality and pastoral care | 3,505 | 1,796 |
| Other | 41,173 | 31,320 |
| Travel and motor expenses | 55 | (277) |
| Printing, stationery and adver tising | 652 | 2,189 |
| Telephone and internet | 2,156 | 2,528 |
| Light and heat | 6,090 | 5,324 |
| Repairs and maintenance | 8,410 | 4,466 |
| Insurance | 3,767 | 1,929 |
| Professional fees | 1,396 | 6,058 |
| Sundry expenses | 495 | 84 |
| Bank charges | 32 | 62 |
| Depreciation of fixtures and f ittings | 1,586 | 1,285 |
| Depreciation of equipment | 7,141 | 7,969 |
| 31,780 | 31,617 | |
| Total resources expended | 72,953 | 62,937 |
| Net (expenditure)/income | (562) | 16,232 |
This page does not form part of the statutory financial statements
Page 12