Charity registration number 1089122 (England and Wales) Company registration number 03800926
BETHESDA FOUNDATION LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
BETHESDA FOUNDATION LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Prof. J R Leff V Sinason Ms A Greene Charity number (England and Wales) 1089122 Company number 03800926 Independent examiner Hilton Consulting Limited Canalot Studios, Studio 133 222 Kensal Road London W10 5BN
BETHESDA FOUNDATION LTD
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Statement of Trustees' responsibilities | 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 11 |
BETHESDA FOUNDATION LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".
Achievements and performance
Significant achievements and performance
Another really productive year for the project.
Martin, our chef, took over the soup kitchen, working closely with the vegetable garden to upgrade the quality of the food we offer children. We feed between 150 and 200 children every day. Martin is much happier. He has discovered at last the joys of service. He is hailed and greeted by all Hightown’s children, and much loved.
At the same time we downgraded the restaurant, to serve only light meals, and breakfasts and dinners for our accommodation guests. The drain on finances and people’s energy that the restaurant was creating has decreased considerably.
Improvements in accommodation for tourists (ensuite bathrooms were installed last year) have begun to show results in more guests staying at the Centre.
Some excellent work was done creating a new budget. The group has continued working with this budget this year, with good results. R250,000 was saved over the year. This has meant we were able to increase stipends for all participants.
In July we restored our tapestry “The Truth Tree” and in August we restored our tapestry “Freedom!” both made for the Constitutional Court twenty years ago. Some very happy days were spent working on drawing sewing and remembering. All participants worked on the two tapestries. “Freedom!” now includes recovery of the Xam culture. Later the group visited the Constitutional Court to see the tapestries hanging.
Much emphasis has been on becoming more professional as story-tellers, in particular of the Xam mythology, in different formats and to different audiences. Four participants did a story telling day for the American school in Johannesburg and another at a high school in Pretoria. The group also did a tour of ten schools in the Northern Cape, telling
Xam stories and giving away free copies of our book, The Eye of !Gaunu, by Jeni and illustrated by the museum artists.
Jeni finished the first draft of the new Trickster book, and drawings were made for the book by Centre artists.
At Christmas, after ten years clean, one of our artists decided he wanted to go back to drinking and taking drugs, and left the Centre. Much sadness in the group but his leaving signals a new stage. The project is no longer a personal development project. That work, discovering identity through art, is done. This year, dissemination of Xam culture has been the focus of the work.
The annual Festival of Lights on New Year’s Eve was a great success.
In February we had a visit from Reinhard Horstkotte, our Berlin clown. He worked with the group on performance, in particular the Trickster stories that are funny. Humour is an important part of the Xam mythology, and he taught the group various techniques in story-telling to develop this element.
In March five members of the group visited London, and stayed with Jeni for two weeks. Again the focus was on learning new stories, and story-telling. There were also days spent on visiting museums etc.
The housing crisis of the group has become intolerable. The living conditions in the township are unbearable. We started thinking about trying to buy land near Hightown for participants to build houses - without success.
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BETHESDA FOUNDATION LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
Financial review
Structure, governance and management
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Prof. J R Leff
V Sinason Ms A Greene
The Trustees' report was approved by the Board of Trustees.
Ms A Greene
Trustee
10 December 2024
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BETHESDA FOUNDATION LTD
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees, who are also the directors of Bethesda Foundation Ltd for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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BETHESDA FOUNDATION LTD
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BETHESDA FOUNDATION LTD
I report to the Trustees on my examination of the financial statements of Bethesda Foundation Ltd (the Charity) for the year ended 31 March 2024.
Responsibilities and basis of report
As the Trustees of the Charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the Charity as required by section 386 of the Companies Act 2006.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
Hilton Consulting Limited
Canalot Studios, Studio 133 222 Kensal Road London W10 5BN 10 December 2024
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BETHESDA FOUNDATION LTD
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2024 | 2023 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 2 | 4,353 | 3,987 |
| Charitable activities | 3 | 102,838 | 109,607 |
| Total income | 107,191 | 113,594 | |
| Expenditure on: | |||
| Raising funds | 4 | 20 | 27 |
| Charitable activities | 5 | 59,860 | 90,878 |
| Total expenditure | 59,880 | 90,905 | |
| Net income | 47,311 | 22,689 | |
| Other recognised gains and losses: | |||
| Other gains/(losses) | 10 | 1,655 | (2,965) |
| Net movement in funds | 6 | 48,966 | 19,724 |
| Reconciliation of funds: | |||
| Fund balances at 1 April 2023 | 74,734 | 55,010 | |
| Fund balances at 31 March 2024 | 123,700 | 74,734 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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BETHESDA FOUNDATION LTD
BALANCE SHEET
AS AT 31 MARCH 2024
| Notes Fixed assets Tangible assets 11 Current assets Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities The funds of the Charity Unrestricted funds 14 |
2024 £ 40,000 121,472 161,472 (37,833) |
£ 61 123,639 123,700 123,700 123,700 |
2023 £ 40,000 76,831 116,831 (42,177) |
£ 80 74,654 |
|---|---|---|---|---|
| 74,734 | ||||
| 74,734 | ||||
| 74,734 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 10 December 2024
Ms A Greene
Trustee
Company registration number 03800926 (England and Wales)
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BETHESDA FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1 Accounting policies
Charity information
Bethesda Foundation Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is .
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charity's deed, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
1.4 Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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BETHESDA FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
| Plant and equipment | 25% on reducing balance |
|---|---|
| Computers | 33% on cost |
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.
2 Income from donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Donations and gifts | 4,353 | 3,987 |
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BETHESDA FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
3 Income from charitable activities
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Performance related grants | |||
| Performance related grants | 102,838 | 109,607 | |
| 4 | Expenditure on raising funds | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Fundraising and publicity | |||
| Depreciation and impairment | 20 | 27 | |
| 5 | Expenditure on charitable activities | ||
| Charitable | Charitable | ||
| expenditure | expenditure | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Direct costs | |||
| Project costs | 10,007 | 33,514 | |
| Website costs | 271 | 855 | |
| Sundry expenses | 4,238 | 3,283 | |
| Travelling and subsistence | 7,763 | 6,114 | |
| Accountancy and independent examination | 2,408 | 2,878 | |
| Welfare costs | 33,211 | 34,000 | |
| Marketing | 12 | 8,314 | |
| Bookkeeping | 1,950 | 1,920 | |
| 59,860 | 90,878 | ||
| Analysis by fund | |||
| Unrestricted funds | 59,860 | 90,878 | |
| 6 | Net movement in funds | 2024 | 2023 |
| £ | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Fees payable for the independent examination of the charity's financial | |||
| statements | 2,160 | 2,160 | |
| Depreciation of owned tangible fixed assets | 20 | 27 |
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BETHESDA FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
7 Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
8 Employees
The average monthly number of employees during the year was:
| 2024 | 2023 |
|---|---|
| Number | Number |
| 3 | 3 |
There were no employees whose annual remuneration was more than £60,000.
9 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
10 Other gains and losses
| Unrestricted | Unrestricted | Unrestricted | ||
|---|---|---|---|---|
| funds | funds | |||
| 2024 | 2023 | |||
| Gains/(losses) upon: | £ | £ | ||
| Foreign exchange | (1,655) | 2,965 | ||
| Tangible fixed assets | ||||
| Plant and | Computers | Total | ||
| equipment | ||||
| £ | £ | £ | ||
| Cost | ||||
| At 1 April 2023 | 679 | 2,648 | 3,327 | |
| At 31 March 2024 | 679 | 2,648 | 3,327 | |
| Depreciation and impairment | ||||
| At 1 April 2023 | 598 | 2,648 | 3,246 | |
| Depreciation charged in the year | 20 | - | 20 | |
| At 31 March 2024 | 618 | 2,648 | 3,266 | |
| Carrying amount | ||||
| At 31 March 2024 | 61 | - | 61 | |
| At 31 March 2023 | 80 | - | 80 |
11 Tangible fixed assets
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BETHESDA FOUNDATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
12 Debtors
| Amounts falling due within one year: Other debtors 13 Creditors: amounts falling due within one year Accruals and deferred income |
2024 £ 40,000 2024 £ 37,833 |
2023 £ 40,000 |
|---|---|---|
| 2023 £ 42,177 |
14 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 April | Incoming | Resources | Gains and | At 31 March | |
|---|---|---|---|---|---|
| 2023 | resources | expended | losses | 2024 | |
| £ | £ | £ | £ | £ | |
| General funds | 74,734 | 107,191 | (59,880) | 1,655 | 123,700 |
| Previous year: | At 1 April | Incoming | Resources | Gains and | At 31 March |
| 2022 | resources | expended | losses | 2023 | |
| £ | £ | £ | £ | £ | |
| General funds | 55,010 | 113,594 | (90,905) | (2,965) | 74,734 |
15 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
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