REGISTERED CHARITY NUMBER: 1052555 Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 for Bethel Christian Centre The Dream Centre Daniel Sam Limited Chartered Accountants 61 Plodder Lane Farnworth Bolton BL4 OBX
Bethel Christian Centre The Dream Centre Contents of the Financial Statements for the Year Ended 31 March 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7 to 11 Detailed Statement of Financial Activities 12 to 13
Bethel Christian Centre The Dream Centre Re ort of the Trustees for the Year Ended 31 March 2024 The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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 cary 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 goveming 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 Page 1
Bethel Christian Centre The Dream Centre Re ort of the Trustees for the Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT 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 Trustees Rev A Higginson P Clark P A K Duffield Mrs T B Songo Independent Examiner Daniel Sam Limited Chartered Accountants 61 Plodder Lane Farnworth Bolton BL4 OBX Approved by order of the board of trustees on behalf by.. 25111124 and signed on its P Clark - Trustee Page 2
Inde endent Examiner's Re Bethel Christian Centre ort to the Trustees of 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 2024. 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 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 COnrnS 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 OBX Date: 04112124 Page 3
Bethel Christian Centre The Dream Centre Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted fund fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 101.982 101.982 105.024 Investment income 5,880 5,880 1,743 Total 107,862 107,862 106,767 EXPENDITURE ON Charitable activities Ministry and mission 38,768 38.768 40.271 Other 61.155 61.155 33.644 Total 99,923 99,923 73,915 NET INCOME 7.939 7.939 32.852 RECONCILIATION OF FUNDS Total funds brought forward 335.166 2.451 337.617 304.765 TOTAL FUNDS CARRIED FORWARD 343.105 2.451 345.556 337,617 The notes form part of these financial statements Page 4
Bethel Christian Centre The Dream Centre Balance Sheet 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted fund fund Notes FIXED ASSETS Tangible assets 40.809 40,809 46.305 CURRENT ASSETS Debtors Prepayments and accrued income Cash at bank and in hand 15,433 3.165 285.193 15.433 3.165 287.644 1.964 2,885 287,669 2.451 303.791 2.451 306.242 292.518 CREDITORS Amounts falling due within one year (1,495) (1,495) (1,206) NET CURRENT ASSETS 302,296 2,451 304,747 291,312 TOTAL ASSETS LESS CURRENT LIABILITIES 343,105 2,451 345,556 337,617 NET ASSETS 343.105 2.451 345.556 337.617 The notes form part of these financial statements Page 5 continued...
Bethel Christian Centre The Dream Centre Balance Sheet - continued 31 March 2024 FUNDS Unrestricted funds Restricted funds 343,105 2,451 335,166 2,451 TOTAL FUNDS 345,556 337,617 The financial statements were approved by the Board of Trustees and authorised for issue on ..25].11124............................ and were signed on its behalf by: A Higginson Trustee P Clark - Trustee P A K Duffield - Trustee Th T B Songo - Trustee The notes form part of these financial statements Page 6
Bethel Christian Centre The Dream Centre Notes to the Financial Statements for the Year Ended 31 March 2024 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 reiVed 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 Fixtures and fittings Computer equipment not provided 20 % on reducing balan 200/0 on reducing balance Taxation The charity is exempt from tax on its charitsble 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 specrfied 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. Page 7 continued...
Bethel Christian Centre The Dream Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2024 INVESTMENT INCOME 31.3.24 31.3.23 Deposit account interest 5.880 1.743 TRUSTEES. REMUNERATION AND BENEFITS 31.3.24 31.3.23 Trustees, salaries Trustees, pension contributions to money purchase schemes 23.860 529 22,743 495 24.389 23.238 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 temis of employment. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS The average monthly number of employees during the year was as follows: 31.3.24 31.3.23 Ministry Administration No employees received emoluments in excess of £60,000. Page 8 continued...
Bethel Christian Centre The Dream Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2024 INDEPENDENT EXAMINER'S REMUNERATION The following amounts were payable to the Independent Examiner during the year: £594 to prepare the accounts in their final format and carry out the independent examination. £216 for payroll servIs. TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Computer equipment Totals COST At 1 April 2023 Additions 18.011 33.150 163 103,514 154.675 163 At 31 March 2024 18,011 33,313 103,514 154,838 DEPRECIATION At 1 April 2023 Charge for year 28.076 1,015 80,294 4,644 108,370 5,659 At 31 March 2024 29.091 84,938 114,029 NET BOOK VALUE At 31 March 2024 18,011 4,222 18,576 40,809 At 31 March 2023 18,011 5,074 23,220 46,305 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Other debtors 15,433 1,964 Page 9 continued...
Bethel Christian Centre The Dream Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Other creditors 1,495 1.206 MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 335.166 7,939 343.105 Restricted funds Urgent needs fund 2,451 2,451 TOTAL FUNDS 337,617 7,939 345,556 Net movement in funds, included in the above are as follows: Incoming resources Resources Movement expended in funds Unrestricted funds General fund 107.862 (99,923) 7,939 TOTAL FUNDS 107.862 (99,923) 7,939 Comparatives for movement in funds Net movement in funds At 31.3.23 At 1.4.22 Unrestricted funds General fund 302,314 32,852 335,166 Restricted funds Urgent needs fund 2.451 2,451 TOTAL FUNDS 304.765 32,852 337,617 Page 10 continued...
Bethel Christian Centre The Dream Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2024 MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 106.767 (73,915) 32,852 TOTAL FUNDS 106,767 (73,915) 32,852 10. RELATED PARTY DISCLOSURES Rev Anthony Higginson, a member of the church council. received wages and pension contributions totalling £23,860 {2023: £22,743) 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 (2023: £4,160). During the year, £1.234 (2023: £650) 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 £3,250 (2023: £2.600). During the year. £1.430 (2023: £1.120) was paid to a websitelgraphic 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 £784 (2023: £665) for administrative services in a self-employed capacity. Mr Daniel Clark. son of Mr Philip Clark. was paid £100 (2023: £600) to carry out property repairs for the church. Page 11
Bethel Christian Centre The Dream Centre Detailed Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donations and legacies Offerings and tithes Gift aid Sundry income 72.492 25,771 3.719 74,617 25,730 4,677 101,982 105,024 Investment income Deposit account interest 5.880 1.743 Total incoming resources 107,862 106,767 EXPENDITURE Charitable activities Trustees, salaries Trustees, pension contributions Wages Worship Training Gifts to other ministries Outreach expenses Youth and children work Hospitality and pastoral care 23,860 529 7.410 1,829 22,743 495 6,760 699 1,245 105 5,482 157 2,585 675 1,535 372 1,874 38,768 40,271 Other Travel and motor expenses Printing, stationery and advertising Telephone and internet Light and heat Repairs and maintenance Insuran Professional fees Sundry expenses Bank charges Depreciation of fixtures and fittings Depreciation of equipment 5,375 216 2,746 11,466 3,818 350 2,441 53 133 1,268 5,778 186 2,808 9.199 36,747 2.328 3,335 217 92 1.015 4,644 61,155 33,644 This page does not form part of the statutory financial statements Page 12
Bethel Christian Centre The Dream Centre Detailed Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 Total resources expended 99,923 73,915 Net income 7.939 32,852 This page does not form part of the statutory financial statements Page 13