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2023-03-31-accounts

Bedford Pentecostal Church

Charity Registration No: 1054315

ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2023

Index

Item Page
Trustees Report
1-5
Independent Examiner's Report on the Accounts
6-7
Independent Examiner's Report to the Trustees
and Church Council 8-9
Statement of Financial Activities
10
Balance Sheet
11
Notes to the Accounts
12-15

Bedford Pentecostal Church Roise Street Bedford MK40 1JE

Registered Charity Number 1054315

Trustees' Report for the Year Ended 31 March 2023

Reference and administration information:

The name of the Charity is Bedford Pentecostal Church; it is registered with the Charity Commission under the charity registration number 1054315.

The Church Buildings are situated at: Bedford Pentecostal Church Roise Street Bedford MK40 1JE

The 3:16 Charity Shop 2 Roise Street Bedford MK40 1JE

The Trustees serving as at the date of this report:

Mr. Josiah Masih Mr. Paolo Capoluongo Miss Linda Akran Mr. Simon Gill Mrs. Sue Horwood Mr. Graham Arnold

Page 1

The Charity employs one full time Pastor- Josiah Masih and three part-time workers as managers in the 3:16 Charity Shop.

The charity's main agents currently are:

Bankers: National Westminster Bank 81 High Street Bedford. MK40 1NY

Independent Examiner: Luke Silver Accountancy & Taxation Services 25 Ellicombe Close, Minehead, Somerset. TA24 6DQ

Property/ Liability insurance: Kingdom Bank Ltd Through Brokers: Ansvar Insurance Ansvar House St Leonards House Eastbourne East Sussex. BN21 3UR

Shop keeper's Insurance Allianz Insurance Plc 57 Ladymead Guildford Surrey. GU1 1DB

Page 2

Structure and Management:

Bedford Pentecostal Church has been affiliated with Assemblies of God in England since 1927 and was registered with the Charity Commission for England and Wales in April 1996.

The church operates with model constitution with trust deed, which mentions, management of the Church by the church council, membership, appointment of Church officers, Pastoral office, records and accounts and an Annual General Meeting to be held where reports by Church officers are presented to the Congregation.

The Trustees/ Elders meet regularly to make decisions and discuss the general aspects of the management of the Church, they take responsibility to ensure all necessary working procedures and policies are in place with regular reviews to conform to ongoing legal requirements.

The Trustees believe that this report and accompanying accounts comply with the current charity law, taking into consideration the implications of SORP 2005, and the Charities Act 2011.

Objectives and Activities:

The objectives of the Church are for the benefit of the public:

The activities of the Church are based on three pillars:

Church Environment: The church mission statement is to give every man, woman and child the opportunity of understanding the gospel and to provide an environment where they can grow and develop in ministry for the glory of God.

Page 3

Various meetings in the church take place to provide the following: Worship Service, Sunday School, Youth group, Men's and Ladies Fellowship, Bible study and Prayer meetings.

– The Congregation consists of people of different cultures English, Asian, African, West Indian, Italian, Philippines, Hungarian, Romanian, Iranian, and Portuguese that are united together in fellowship because of one faith in the Lord Jesus Christ.

To accommodate some of the different cultures - there are house groups that meet for fellowship in the Punjabi and Italian languages.

.

Activities: All Church meetings have been progressing well and some

additional areas have been added like the young adult’s group.

The weekly prayer and Bible Study continue to take place on zoom, which makes it easier for some of the elderly to be part of this meeting. The Queens Platinum Jubilee was celebrated in the summer with a BBQ for The community.

In March 23 we finely had our trip to Israel after it was postponed for two Years. Twenty-nine from the church went and was very much enjoyed by all. The Church continues to support the activities in the community and also working alongside Hope in Bedfordshire.

Further Maintenance work was carried out to the building. The heating system have been replaced, the church painted, new sound desk built and new camera’s installed for live streaming.

Local Community:

Every Wednesday morning, we are involved in Christian witness in the town centre and good relationships have been developed with the market stores and the general public.

The 3:16 Charity shop: The shop is managed by two part- time managers and supported by ten volunteer workers. The opening hours are 10am - 4.00pm, Monday - Saturday. In addition to sale of items, the shop provides support to the local Community, and items are at times given free to the less fortunate.

The coffee area in the rear part of the shop is progressing well and we now have volunteers helping to run this area.

From time to time, financial support is given to local charities, as well as for projects overseas

.

The shop continues to serve the local community.

This year we also started serving breakfast every Sunday morning from 7- 8:30am near the local bus station for the homeless.

Page 4

Christmas Dinner was also served at the Church to seventy-five people. Some were homeless and others in difficult situations.

Overseas Ministry

Pakistan, India and Africa are countries where the Church have made connections over the years and continue to do so with ministry support.

One Hundred and nine Christmas Shoe boxes was sent in December to Children round the world.

Statement of Trustees' Responsibilities:

The financial statements have been prepared in accordance with applicable accounting standards and with current charity law in the form of ' Accounting by Charities ‘, the Statement of Recommended Practice (SORP), in order to give a true and fair view of the state of affairs of the charity and its financial results for the year. In preparing those financial statements, the trustees are required:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with relevant law. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or any other irregularities.

By order of the Trustees

Josiah Masih (Trustee/ Chairman of the Church Council)

Page 5

BEDFORD PENTECOSTAL CHURCH

ROISE STREET

BEDFORD

MK40 1JE

Registered Charity: 1054315

STATEMENT OF ACCOUNT

AND

INDEPENDENT EXAMINATION REPORT FOR THE YEAR ENDED 31[ST] MARCH 2023

Luke Silver Accountancy & Taxation Services 25 Ellicombe Close Minehead Somerset TA24 6DQ

Mobile: 07710 456376

E-mail: luke-silver@puresilver.org.uk

Page 6

Independent Examiner’s Report on the Accounts

Accrual Accounts

Report to the trustees/members of Bedford Pentecostal Church

Registered Charity Number 1054315

On the accounts for the year ended 31[st] March 2023

Set out on the following pages

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity¹s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to: examine the accounts under section 145 of the 2011 Act;

follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and

state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed L A Silver

Date: 8 November 2023

Luke Silver, HNC Business & Finance Accountancy Practitioner

Accountancy & Taxation Services

25 Ellicombe Close, Minehead, Somerset. TA24 6DQ

Page 7

Independent Examiners Report to the Trustees & Church Council

Introduction

Thank you for submitting the accounts for independent examination. They have been well maintained and the treasurer and others responsible are to be commended for their hard work. Therefore I will keep my comments to a minimum.

Charity Law and Financial Regulations

The independent examination has been carried out in accordance with the Charities (Accounts and Reports) Regulations 1995 (Statutory Instruments No 2724) and the Accounting by Charities Statement of Recommended Practice (SORP).

Signing of Accounts

I shall be obliged if you will please forward a copy of the signature page for my records after the accounts have been signed by a representative appointed by the Trustees and Church Council. A spare copy is enclosed.

Conclusion

There are no other matters I feel need to be brought to your attention.

Please do not hesitate to contact me for further clarification or for further assistance.

Luke Silver

Date: 8 November 2023

Page 8

BEDFORD PENTECOSTAL CHURCH REPORT OF THE CHURCH COUNCIL FOR THE YEAR ENDED 31ST AWiCH 2023 ACnVITIES REVIEW The financial results are set out in the endosed ac(y)unts. The principal actsvity throughout the year under review was that of the a¢fvancement of the Christian faith and the extension of the Kingdom of God. CHURCH COUNCIL MEMBERS Joslah Masih 6 Harrington Drive. Bedford MK418DB Linda Akran Flat 44 Oliver Cour( Union Street. Bedf￿d. MK40 2UU Slmon Glll 2 St Paul Road, Bedford. MK40 4NT Paolo Capoluongo, 40 Putnoe StreeL Bedford MK418HN Graham Arnold. 32 chi￿rn Avenue, Bedford MK41 9EH Susan Horwood. 6 Lincoln Road. ShortstQ4Yn. Bodford, MK42 OUX STATEMENT We certrfy that the books. vcHJchers and information produced to enable the independent examinatlon of our accounts to be conducted contsin a fvll and co￿8¢1 recxjrd of our financial transactions and activrties to th8 best of our knowledge and belief. SIGNED ON BEHALF OF THE TRUSTEES Please print name: o&iq Page 9

Bedford Pentecostal Church

Statement of Financial Activities for the year ended 31st March 2023

Notes
Incoming Resources
Incoming Resources from donors
2
Other Income
3
3 - 16 Charity Shop
4
Investment Income
5
Total Incoming Resources
Resources Expended
Charitable Activities
Pastoral & Ministry Costs
6
Church Family Costs
7
Departments
8
3 - 16 Charity Shop
9
Total Charitable Activities
Support Costs
Establishment Costs
10
Administrative Costs
11
Total Support Costs
Total Expenditure
Net Movement in Funds
Fund Balances b/fwd at 01.04.22
Fixed Assets
Transfers
Fund Adjustment
Fund Balances c/fwd at 31.03.23		 Unrestricted Restricted
Total
Total
2023
2023
31.03.23
31.03.22
£
£
£
£
114,792
1,103
115,895
173,788
30,984
0
30,984
22,364
25,632
0
25,632
23,643
236
0
236
6
171,644
1,103
172,747
219,801
59,402
0
59,402
54,559
7,837
0
7,837
4,734
477
0
477
250
26,145
0
26,145
20,103
93,861
0
93,861
79,646
120,849
0
120,849
50,275
5,977
0
5,977
6,242
126,826
0
126,826
56,517
220,687
0
220,687
136,163
(49,043)
1,103
(47,940)
83,638
482,256
67,965
550,221
453,348
0
0
0
0
0
0
0
0
0
0
0
13,235
433,213
69,068
502,281
550,221

Page 10

Bedford Pentecostal Church

Balance Sheet
Notes
Fixed Assets
Building Premises
Contents
Building Purchase
Current Assets
Debtors
Cash at Bank
12
Current Liabilities
Kingdom Bank Mortgage
Net Current Assets
Net Assets
Accumulated Fund
Balance brought forward
Funds Generated by Operations
Balance Carried Forward		 £
£
£
£
270,000
270,000
52,000
52,000
110,000
110,000
0
0
70,281
118,221
0
0
70,281
118,221
502,281
550,221
Unrestricted Restricted
Total
£
£
£
482,256
67,965
550,221
(49,043)
1,103
(47,940)
433,213
69,068
502,281
2022 / 23
2021 / 22

Page 11

Bedford Pentecostal Church

Notes to the Accounts for the year ended 31st March 2023

1.Accounting Policies

(a) These accounts have been prepared on a accruals basis and include income which has been received or that is receivable at the year end.

(b) The recommendations of charities SORP have been followed in the preparation of these accounts.

2. Income - Church Giving
Offerings
Tithes (Standing Order)
CAF / GA Donations
HMRC: Gift Aid Rebate
Donations
Total Income - Church Giving
3. Income - Other Income
Flat Rent
Flat Bills & Expenses
Weddings & Funerals
Miscellaneous
Total Income - Other Income
4. 3 - 16 Charity Shop
Counter Sales
Miscellaneous Income
HMRC Furlough
Bank Interest
5. Income - Investment
Interest
Total Income		 Unrestricted Restricted
Total
Total
2023
2023
31.03.23
31.03.23
£
£
£
£
28,495
1,103
29,598
78,475
86,297
0
86,297
95,313
0
0
0
0
0
0
0
0
0
0
0
0
114,792
1,103
115,895
173,788
7,841
0
7,841
7,133
2,464
0
2,464
1,726
0
0
0
0
20,679
0
20,679
13,505
30,984
0
30,984
22,364
24,845
0
24,845
18,259
787
0
787
5,384
0
0
0
0
0
0
0
0
25,632
0
25,632
23,643
236
0
236
6
171,644
1,103
172,747
219,801

Page 12

Notes to the Accounts

for the year ended 31st March 2023 (continued)

Expenditure
6. Pastoral & Ministry Costs
Ministry Remuneration
Pensions
AoG Subs / Gifts
Ministry Expenses
Ministry Gifts
Total Pastoral & Ministry Costs
7. Church Family Costs
Books and Study Materials
Sound / Music Equipment
Conferences / Training
Flower Gallery
Evangelism / Outreach
Communion Costs
Missionary Work
Ministry Costs
Youth & Juniors
Sunday School
Total Church Family Costs
8. Departments
Departmental Expenditure
Mens Activities
Ladies Activities
Total Departments		 Unrestricted Restricted
Total
Total
2023
2023
31.03.23
31.03.22
£
£
£
£
47,939
0
47,939
43,214
7,871
0
7,871
8,175
1,638
0
1,638
1,638
1,604
0
1,604
1,332
350
0
350
200
59,402
0
59,402
54,559
87
0
87
0
1,829
0
1,829
130
1,751
0
1,751
156
0
0
0
75
2,020
0
2,020
3,062
353
0
353
0
0
0
0
1,200
194
0
194
111
1,588
0
1,588
0
15
0
15
0
7,837
0
7,837
4,734
0
0
0
0
0
0
0
0
477
0
477
250
477
0
477
250

Page 13

Notes to the Accounts for the year ended 31st March 2023 (continued)

9. 3 - 16 Charity Shop
Rent & Rates
Refuse Collections
Water
Electricity
Gas
Shop Overheads
Insurances
Telephone
Salaries
Pensions
Licences
Security
Building Repairs / Services
Furniture / Equipment
Bank Charges
Sundry Expenses
Total 3 - 16 Charity Shop
10. Establishment Costs
Electricity
Gas
Water
General Overheads
Insurance
Repairs & Renewals
Furniture & Equipment
Security
Catering Costs
Cleaning Materials
Salary Cleaner
Capital Building Expenditure
Capital Building Purchase
Mortgage Repayment
Total Establishment Costs		 Unrestricted Restricted
Total
Total
2023
2023
31.03.23
31.03.22
£
£
£
£
867
0
867
216
431
0
431
462
627
0
627
552
3,000
0
3,000
2,325
0
0
0
59
1,150
0
1,150
0
0
0
0
8
751
0
751
784
17,443
0
17,443
14,330
1,010
0
1,010
797
0
0
0
108
670
0
670
100
0
0
0
0
130
0
130
0
66
0
66
12
0
0
0
350
26,145
0
26,145
20,103
924
0
924
861
3,598
0
3,598
1,355
309
0
309
215
7,172
0
7,172
40
2,263
0
2,263
2,002
1,278
0
1,278
467
770
0
770
0
1,861
0
1,861
1,641
3,250
0
3,250
768
171
0
171
450
1,120
0
1,120
0
98,133
0
98,133
37,830
0
0
0
3,103
0
0
0
1,543
120,849
0
120,849
50,275

Page 14

Notes to the Accounts for the year ended 31st March 2023 (continued)

11. Administrative Costs
Salaries
Stationery / Copying / Printing / Postage
Child Protection Services
Equipment / Software
Copyright Licences
Data Protection
Telephone & Internet
Professional Fees
Publicity
Bank Charges
Miscellaneous
Total Administrative Costs
12. Cash in Hand & Bank
Natwest Current Account
Natwest Business Reserve Account
Natwest Current Account No: 62139886
Cash in Hand
Mastercard		 Unrestricted Restricted
Total
Total
2023
2023
31.03.23
31.03.22
£
£
£
£
140
0
140
1,531
252
0
252
606
331
0
331
129
2,043
0
2,043
818
1,566
0
1,566
1,176
35
0
35
51
95
0
95
106
632
0
632
580
65
0
65
0
199
0
199
0
619
0
619
1,245		 Unrestricted Restricted
Total
Total
2023
2023
31.03.23
31.03.22
£
£
£
£
140
0
140
1,531
252
0
252
606
331
0
331
129
2,043
0
2,043
818
1,566
0
1,566
1,176
35
0
35
51
95
0
95
106
632
0
632
580
65
0
65
0
199
0
199
0
619
0
619
1,245
5,977
0
5,977
6,242
£
£
2023
£
7,916
57,912
4,196
257
0
70,281		 £
£
2022
£
28,943
84,417
4,709
152
0
118,221

Page 15