DocuSign Envelope ID: 4F8C9919-20D8-4ED3-AC47-0EE27224E566
Registered Charity No. 1095131
BETTER LIFE ASSEMBLY BIBLEWAY CHURCH
TRUSTEES REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2021
DocuSign Envelope ID: 4F8C9919-20D8-4ED3-AC47-0EE27224E566
BETTER LIFE ASSEMBLY BIBLEWAY CHURCH FOR THE YEAR ENDED 31 MAY 2021 CONTENTS
| Page | |
|---|---|
| Church information | 1 |
| Report of the Trustees | 2 - 3 |
| Independent Examiners report | 4 |
| Receipts and Payments Account | 5 |
| Statement of Assets and Liabilities | 6 |
| Notes to the financial statements | 7 - 8 |
DocuSign Envelope ID: 4F8C9919-20D8-4ED3-AC47-0EE27224E566
BETTER LIFE ASSEMBLY BIBLEWAY CHURCH FOR THE YEAR ENDED 31 MAY 2021 CHURCH INFORMATION
Page 1
| Head Office | Innovation Centre Medway |
|---|---|
| Maidstone Road | |
| Chatham | |
| ME5 9FD | |
| Registered Charity Number | 1095131 |
| Pastor | Pastor Phillip Thomas |
| Executive Committee (Trustees) | Rev. Candy Thomas |
| Mrs Irene Franchi | |
| Marjorie Duncan, appointed 28 February 2022 | |
| Bankers | Santander |
| 9 Nelson Street | |
| Bradford | |
| BD1 5AN | |
| Independent Examiner | Griffin Stone Moscrop & Co |
| Chartered Accountants | |
| 21-27 Lamb's Conduit Street | |
| London | |
| WC1N 3GS |
DocuSign Envelope ID: 4F8C9919-20D8-4ED3-AC47-0EE27224E566
BETTER LIFE ASSEMBLY BIBLEWAY CHURCH FOR THE YEAR ENDED 31 MAY 2021 REPORT OF THE TRUSTEES
Page 2
The Trustees present their Annual Report and the Financial Statements of the Church for the year ended 31 May 2021.
1. Constitution
The constitution was adopted on 28 November 2002 and amended on 9 April 2006.
2. Objectives
The Church is a Pentecostal assembly based at Chatham to advance the Christian faith.
The Church provides motivational courses, youth conferences to teach people to lead non-believers to Christ and meet other Christians and have fun in the Lord. Women of Destiny courses to equip women and let them know that they are blessed by God, training and development classes to effectively educate and develop individuals, discipleship classes and power session to empower the believer. Better Life Assembly also runs a community Foodbank supporting families and children in the Medway towns.
3. Organisational structure
The Charity governing document stipulates that an executive committee of not less than three members who will meet twice a year with additional meetings when called.
The Church is lead by Phillip and Candy Thomas who report to the other trustees.
4. Trustees
Those who served during the year were as follows: -
Rev. Candy Thomas Mrs Irene Franchi Marjorie Duncan, appointed 28 February 2022
Trustees are recruited by personal recommendation and members are elected by majority vote of the members at the annual general meeting of the Church. Members are provided with appropriate training to undertake the role they will occupy within the church council.
5. Review of activities
Better Life Assembly is a Christian Ministry and community group that is founded and rooted in biblical principles and values. We believe that the Bible is the inspired Word of God and the divine and final authority for all Christian faith and life. We encourage individuals and families to grow in their personal relationships with Jesus Christ.
The community groups and food bank continues to build a reputation in and around the Medway towns for reaching out to the lost and broken-hearted, ministering, and serving them with notability and respect. The Coronavirus pandemic, however, posed a serious health risk to the BAME communities and the country as a whole of which our church is primarily comprised. The subsequent lockdown in March 2020 likewise posed economic hardship, mental health problems, and domestic problems for many families, particularly in BAME communities.
DocuSign Envelope ID: 4F8C9919-20D8-4ED3-AC47-0EE27224E566
BETTER LIFE ASSEMBLY BIBLEWAY CHURCH FOR THE YEAR ENDED 31 MAY 2021 REPORT OF THE TRUSTEES
Page 3
5. Review of activities continued
Better Life Assembly responded to the crisis by relocating our church’s functions to mobile and digital platforms. These include telephone, Zoom, streaming, and social media. We maintained physical contact with our members through Pastoral teams who made daily calls and distributed food parcels to members of our church and the community alike. As a church, we are continually recognized for our commitment to the community, families, and young people by equipping, mentoring, and empowering them to build better lives. We encourage families and young people in the community to reach their full potential by maintaining a healthy spiritual, physical and social life whilst continuing to adhere to government guidelines. Better Life Assembly operates in line with the constitution of the Church to advance the Christian faith we will achieve our goal through community groups, organized programs and lectures, powerful and prophetic words of God, and other evangelical outreach in line with the setup of the Church always to achieve its goals. Better Life Assembly has many outreach programs and ministry designed to impact the community, we have a plethora of ministries that includes activities for children, families, and young people, an annual conference for women and families in the community teaching and equipping them to live a better life in every area of their lives be it spiritually, physically, emotionally or financially.
6. Public Benefit
The trustees believe that the objectives and activities set out above provide public benefit.
7. Reserve policy
The trustees try not to hold a reserve, all monies, donations and grants are spent yearly in line with the objectives.
8. Independent examiner
The firm appointed to carry out the independent examination was Griffin Stone Moscrop & Co.
Signed on behalf of the Trustees
Rev. Candy Thomas Better Life Assembly Church Trustee Innovation Centre Medway Maidstone Road Date: 6 January 2023 Chatham ME5 9FD
DocuSign Envelope ID: 4F8C9919-20D8-4ED3-AC47-0EE27224E566
BETTER LIFE ASSEMBLY BIBLEWAY CHURCH FOR THE YEAR ENDED 31 MAY 2021 REPORT OF THE TRUSTEES
Page 4
Independent Examiner's Report to the Trustees of Better Life Assembly Bibleway Church
I report to the charity trustees on my examination of the accounts of the charity Better Life Assembly Bibleway Church for the year ended 31 May 2021 which are set out on pages 5 to 8.
Responsibilities and basis of report
As the charity’s 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:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
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.
Reema Mistry ACA
Griffin Stone Moscrop & Co 21-27 Lambs Conduit Street London WC1N 3GS
Date: 6 January 2023
DocuSign Envelope ID: 4F8C9919-20D8-4ED3-AC47-0EE27224E566
BETTER LIFE ASSEMBLY BIBLEWAY CHURCH FOR THE YEAR ENDED 31 MAY 2020 RECEIPTS AND PAYMENTS ACCOUNT (GENERAL FUND)
Page 5
| Receipts Donations and conference income Gift aid claims received Interest received Letting income Grants Total receipts Payments Admin fee Rent (Jenkins Dale) Advertising and marketing Equipment hire Fees/Gifts to musicians and performers Speakers fees/expenses (conferences) Utilities Insurance Donations Travel and accommodation Telephone Church costs Printing, postage and stationery Computer and website costs Building repairs and refurbishment Sundry Storage Legal and professional fees Accountancy and Independent Examiners fees Rubbish clearance Total payments Net receipts / (payments) in the year Cash funds last year end Purchase of fixed assets Debtors - Loan issued Debtors - repayment of loan during the year Creditors - Loans received Creditors - repayments of loan during the year Creditors - HMRC corporation tax paid Cash funds this year end |
2021 £ 19,679 8,474 4 7,810 20,000 £55,967 55,967 8,202 1,000 5,125 1,365 11,446 - 1,490 5,985 - 376 1,065 - 519 315 260 476 1,215 6,024 1,044 400 46,308 9,659 855 7,276 - 10,600 - 14,800 1,000 - - 200 8,238 |
2020 £ 24,595 7,888 8 5,780 - |
|---|---|---|
| 38,272 | ||
| 38,272 | ||
| - 15,769 1,681 616 3,242 721 3,298 1,116 110 1,131 1,005 176 120 171 962 - - 3,023 25 - |
||
| 33,166 | ||
| 5,106 834 - - 14,800 11,475 - 493 - 1,267 |
||
| 855 |
DocuSign Envelope ID: 4F8C9919-20D8-4ED3-AC47-0EE27224E566
| BETTER LIFE ASSEMBLY BIBLEWAY CHURCH FOR THE YEAR ENDED 31 MAY 2021 STATEMENT OF ASSETS AND LIABILITIES Monetary Assets Cash funds Current account Savings account Non Monetary Assets Assets Fixtures and Equipment (note 3) Debtor - Loan provided (note 4) Liabilities Creditor (note 5) Accruals (note 6) |
2021 £ 237 8001 8238 5,888 10,600 16,488 16,544 400 16,944 |
Page 6 2020 £ 105 750 855 574 14,800 15,374 15,744 11,696 27,440 |
|---|---|---|
Approved by the Trustees on 6 January 2023 and signed on its behalf by:
Rev. Candy Thomas Trustee
DocuSign Envelope ID: 4F8C9919-20D8-4ED3-AC47-0EE27224E566
BETTER LIFE ASSEMBLY BIBLEWAY CHURCH FOR THE YEAR ENDED 31 MAY 2021 NOTED TO THE ACCOUNTS
Page 7
1 Accounting policies
1.1 Basis of accounting
The Financial Statements have been prepared on a receipts and payments basis in accordance with Section 133 of the Charities Act 2011
1.2 Fixed assets
Fixtures, fittings and office equipment
Equipment used within the Church premises is depreciated on a straight line basis at 20%.
Fixed assets are capitalised over £1,000.
1.3 Incoming resources
Collections are recognised when received by or on behalf of the Church.
1.4 Grants receivable
Grants and donations are only included in the Receipts and Payments account when the Church has received them.
1.5 Resources used
Expenditure is recognised in the period in which it is incurred and allocated to the appropriate cost centre. Expenditure includes irrecoverable VAT.
1.6 Debtors
Debtors are recognised at the settlement amount.
1.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Provisions are measured at the best estimate of the amounts required to settle the obligation.
2 Funds
The Church only maintains a general fund.
DocuSign Envelope ID: 4F8C9919-20D8-4ED3-AC47-0EE27224E566
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BETTER LIFE ASSEMBLY BIBLEWAY CHURCH FOR THE YEAR ENDED 31 MAY 2021 NOTED TO THE ACCOUNTS
- 3 Fixed assets
| 3 | Fixed assets | ||||
|---|---|---|---|---|---|
| 4 5 |
Cost Balance brought forward at 1 June 2020 Additions Disposals Balance carried forwatd at 31 May 2021 Depreciation Balance brought forward at 1 June 2020 Charge for the year Disposals Balance carried forwatd at 31 May 2021 Net Book Value As at 31 May 2021 As at 31 May 2020 Debtor Other debtors Creditors Government Bounce Back Loan Loan from Candy Thomas HMRC - corporation tax |
Fixtures & Equipment 53,159 7,276 - 60,435 52,585 1,963 54,548 5,888 574 2021 10,600 2021 11,000 982 4,562 16,544 |
Total 53,159 7,276 - |
||
| 60,435 | |||||
| 52,585 1,963 - |
|||||
| 54,548 | |||||
| 5,888 | |||||
| 574 | |||||
| 2020 14,800 |
|||||
| 2020 10,000 982 4,762 |
|||||
| 15,744 |
-
Government Bounce Back Loan was issued in response of COVID-19 in May 2020. First 12 months are interest free, thereafter annual interest is charged at 2.53%.
-
As at 31 May 2021 £982 (2020 - £982) was due to Candy Thomas, Trustee of the charity. The provided is an interest free loan.
-
A balance of £4,562 is owing to HMRC re. corporation tax. The charity is repaying this by agreed monthly instalments.
6 Accruals
| Property lease rent Accruals (professional fees) |
2021 - 400 400 |
2020 10,231 1,465 |
|---|---|---|
| 11,696 |
Minor expenses are reimbursed to the Trustees.
8 Related Parties
Total donations received from Trustees during the year was £360.
During the year £5,537 was paid to Baygold for administrative work, a company in which Pastor Phillip Thomas is a director.
7 Trustees