## 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