2024-12-31-accounts

Mr S Sarvendran (appointed June 2023) Bethany Faith Ministries

Report and Accounts Year ended 31 December 2024

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

BETHANY FAITH MINISTRIES

FOR THE YEAR ENDED 31 DECEMBER 2024

LEGAL & ADMINISTRATIVE DETAILS

Address for correspondence Bethany House Park Avenue Southall UB1 3AJ Governing Document Declaration of Trust dated 26 February 2002 Trustees Mr S Balakumar Dr J M Christy Ms J Bastiansz Mr S Sarvendran (appointed June 2024) Ms E Suresh Mr J Suthesh Mr T Thanaratnasabapathy Key Staff Rev T M I Sathiyaraj Rev Suthesh Kularajasingam Charity Number 1092297 Bankers NatWest Bank plc Barclays Bank plc Independent Examiner Nick Spear ACCA Stewardship 1 Lambs Passage London EC1Y 8AB INDEX

	INDEX
Page 1	Legal & Administrative Details
Pages 2-3	Trustees' Report
Page 4	Independent Examiner's Report
Page 5	Receipts and Payments Account
Page 6	Statement of Assets & Liabilities
Page 7	Notes to the Accounts

Page 1

BETHANY FAITH MINISTRIES

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees have pleasure in submitting the Report and Accounts for the year.

Objects of the charity

The charity's principal charitable objective is to advance the Christian faith. To this end it seeks to demonstrate the Christian faith in action by being a church in the communities of Southall, Kenton, Norwich, Ipswich and West Drayton.

Government

The policy and operating decisions of the charity rest with the trustees who meet regularly to monitor the activities of the Charity. New trustees are appointed by the existing trustees, by majority vote.

Review of Activities

The Church is not a building, but a gathering of ordinary people of different ages and backgrounds, whose lives have been changed by Jesus Christ, the Son of God. The New Testament reveals the Church as a community of people, properly taught and cared for, who by loving and serving Jesus Christ, were also committed to love and care for each other and to bring a blessing to the area in which they live. Bethany Faith Ministries (and its trustees, elders and members) are committed to the restoration of those New Testament principles. It is not alone in this, it is one of many Churches in this country and all over the world that is re-discovering the excitement of knowing Jesus Christ. The vision is to see the people come into this experience of knowing Jesus as their Lord, Saviour and friend.

During the year there has been a demonstration of the Christian faith in action by serving the community in which it operates in the following principal ways:

a) the church organised daily meetings online where individuals can meet, share challenges of living their faith, worship, pray and disciple one another.

b) classes and online meetings have been held to help those new to the area to integrate and be part of their communities, particularly those that are socially or economically disadvantaged.

c) the church has supported those in other countries (particularly in India and Sri Lanka) to teach and preach the Christian faith and help those in need.

d) the church and its members has also aided families in other parts of the world

e) the members of the church have served in their communities in countless ways, out of the limelight, supporting those less well-off and expressing the love of Christ.

On 23 June 2022 a charitable incorporated organisation ('CIO') with the same name as the charity (the 'Trust') was registered with the Charity Commission and it is anticipated that, in due course, the assets and activities of the Trust will be transferred to the new CIO; the Trust is expected to eventually close. The government introduced CIOs about 10 years ago after recognising that charities were, in many ways unique, and would benefit from a legal structure that had been specifically designed for them.

In planning the activities, the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Page 2

BETHANY FAITH MINISTRIES

REPORT OF THE TRUSTEES continued

Financial Review

During the year income decreased by £3,863 to £170,534 and expenditure decreased by £43,540 to £142,762. As a result the charity has reported a surplus this year of £27,772 (2023: deficit £11,905) and the charity's cash balances have increased by this amount to £64,173, of which £47,587 is unrestricted.

The trustees are grateful to the members of the various congregations who have given generously to support the charity's work.

The trustees are monitoring income and expenditure closely and are taking action to ensure that the charity achieves a break even position as soon as possible.

Reserves Policy

The trustees have decided that the charity should aim to hold unrestricted cash of no less than £20,000 so that the charity could continue to operate smoothly should income and / or expenditure vary unexpectedly. The charity ended the year with unrestricted cash of £47,587 so is complying with the reserves policy.

Risk Statement

The trustees have reviewed the risks to which a small charity operating with few employees is exposed. Appropriate procedures are in place to identify, monitor and review these risks on a regular basis.

Trustees' Responsibilities

Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.

We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.

We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

This report was approved by the trustees and signed on their behalf by:

Jmchristy

Jmchristy (Mar 19, 2026 22:54:23 GMT+11)

Dr J M Christy

Date: Mar 19, 2026

Page 3

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

BETHANY FAITH MINISTRIES

I report on the accounts of the charity for the year ended 31 December 2024 set out on pages 5 to 7 following.

Responsibilities and basis of report

As the charity trustees 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 charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the 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 charity as required by section 130 of the Act; or

2. the accounts do not accord with those records.

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.

Nick Spear

Nick Spear (Mar 24, 2026 10:58:10 GMT)

Nick Spear ACCA Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Mar 24, 2026

Page 4

BETHANY FAITH MINISTRIES

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Notes Receipts Voluntary income Offerings and gifts Gift aid receipts Other income Rental income Interest received Loans repaid by staff Total Receipts Payments 2 Total Payments Transfers between funds Net Movement in Funds Cash funds as at last year end Cash funds at this year end C Net (payments) / receipts before transfers Payments in relation to charitable activities undertaken by charity Mortgage payments	Unrestricted General 159,222 5,711 164,933 1,830 426 - 167,189 132,302 5,162 137,463 29,726 - 29,726 17,861 47,587	Restricted Funds 3,344 - 3,344 - - - 3,344 5,298 - 5,298 (1,954) - (1,954) 18,541 16,586	2024 £ 162,567 5,711 168,277 1,830 426 - 170,534 137,600 5,162 142,762 27,772 - 27,772 36,401 64,173	2023 £ 162,712 1,468
				164,180 8,594 422 1,200
				174,397
				157,250 29,052
				186,302
				(11,905) -
				(11,905) 48,307
				36,401

The notes on page 7 form part of these accounts.

Page 5

BETHANY FAITH MINISTRIES

STATEMENT OF ASSETS & LIABILITIES

FOR THE YEAR ENDED 31 DECEMBER 2024

A. Fixed Assets

d Assets
Freehold property, namely Bethany House Equipment	Current Value £ 595,000 15,000
	610,000

The freehold building was valued professionally in May 2019 at £595,000 on a 'vacant possession' basis. The trustees have estimated the current value of the charity's equipment.

B. Mortgage owed

Capital balance due	2024 £ -	2023 £ 7,602

The mortgage loan was secured on the freehold property referred to in note A 'Fixed Assets' and has been repaid fully in 2024.

C. Bank & Cash Balances

Cash at bank and in hand Credit card D. Other Assets & Liabilities Assets Estimate of gift aid recoverable on donations received Staff loan Refunds due Deposit paid for air conditioning units delivered and installed in 2024 Liabilities (due within one year) Preparation and examination of 2022 accounts Preparation and examination of 2023 accounts Preparation and examination of 2024 accounts Other expenses	2024 £ 64,509 (335) 64,173 2024 £ - 3,000 - - 3,000 - 1,608 1,800 506 3,914	2023 £ 37,468 (1,067)
		36,401
		2023 £ 3,927 3,000 1,320 6,360
		14,607
		1,608 1,608 - 3,967
		7,183

Except for Bank and Cash balances (see page 5), the assets and liabilities listed above are all attributable to unrestricted funds.

The accounts were approved by the trustees and signed on their behalf by:

19/03/2026 Jmchristy ____Jmchristy (Mar 19, 2026 22:54:23 GMT+11) _____ Dr J M Christy Date:

The notes on page 7 form part of these accounts

Page 6

BETHANY FAITH MINISTRIES NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. Accounting Policies

The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.

Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

2. Payments in relation to charitable activities undertaken directly

Employment costs Hall hire Evangelism and hospitality Travel Visiting speakers Gifts and grants Senior Citizens Communications Media and website Equipment Utilities Property repairs and renewals Administrative expenses Training Insurance Professional and legal fees Independent examiner's fees for preparing and examining the accounts	General Funds £ 59,931 23,449 10,895 6,630 3,609 - - 4,668 3,005 888 5,020 3,017 6,881 1,346 1,355 - 1,608 132,302	Restricted Funds £ - - - - - 4,998 300 - - - - - - - - - - 5,298	Total 2024 £ 59,931 23,449 10,895 6,630 3,609 4,998 300 4,668 3,005 888 5,020 3,017 6,881 1,346 1,355 - 1,608 137,600	Total 2023 £ 64,538 24,867 9,138 10,090 4,231 3,061 350 5,425 2,018 3,293 4,710 12,155 8,096 2,280 1,389 - 1,608
				157,250

3. Movements On Restricted Funds

The restricted funds represent amounts received for specific purposes and the movements in the year are as follows:

Building fund Overseas mission and relief fund Senior Citizens fund Community outreach fund	Balance at 1 Jan 2024 £ 234 12,998 2,809 2,500 18,541	Receipts £ - 3,025 319 - 3,344	Payments £ 0 (4,998) (300) - (5,298)	Transfers £ - - - - -	Balance at 31 Dec 2024 £ 234 11,025 2,828 2,500
					16,587

Page 7