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2021-08-31-accounts

DocuSign Envelope ID: 788FDBA0-7DE1-4800-8CDF-DB00779B7C00

Charity number: 1112606

BETHANY CITY CHURCH SUNDERLAND

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

DocuSign Envelope ID: 788FDBA0-7DE1-4800-8CDF-DB00779B7C00

BETHANY CITY CHURCH SUNDERLAND

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1 - 2
Trustees' Report 3 - 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 - 26

DocuSign Envelope ID: 788FDBA0-7DE1-4800-8CDF-DB00779B7C00

BETHANY CITY CHURCH SUNDERLAND

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2021

Trustees D Burke, Chairman until 31/10/2021 (resigned 31 October 2021)
C Seadon, Treasurer
R Martin (resigned 11 May 2021)
R McNaughton
A Blackhall (resigned 1 November 2020)
A R Chadwick (resigned 8 November 2020)
P Smithson
M Brydon
P Waugh, Chairman from 31/10/2021
P W Errington
F Forster (resigned 7 June 2022)
Charity registered
number
1112606
Principal office
Bede Tower
Burdon Road
Sunderland
SR2 7EA
Accountants and
Independent Examiners
Kinnair Associates Limited
Chartered Accountants
Aston House
Redburn Road
Newcastle upon Tyne
NE5 1NB
Bankers
Barclays Bank Plc
Newcastle City Office
Newcastle upon Tyne
NE1 4QL
Solicitors
Lewis & Co
37 Brassey Avenue
Hampden Park
Eastbourne
East Sussex
BN22 9QD
Staff team
S Burin - Senior Pastor
D Alcock - Assistant to the Pastor
D Miller - Centre Manager
H Yang - Chef and food bank
A Headley - Cleaner

Page 1

DocuSign Envelope ID: 788FDBA0-7DE1-4800-8CDF-DB00779B7C00

BETHANY CITY CHURCH SUNDERLAND

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

Leadership Team

S Burin - Senior Pastor D Miller - Centre Manager D Alcock - Assistant to the Pastor C Seadon - Treasurer A Laws G Foster D Johnson B Jones P Smithson H Yang M Brydon

Page 2

DocuSign Envelope ID: 788FDBA0-7DE1-4800-8CDF-DB00779B7C00

BETHANY CITY CHURCH SUNDERLAND

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2021

The trustees present their annual report together with the financial statements of the Charity for the year 1 September 2020 to 31 August 2021. These are prepared in accordance with the governing document and the recommendations of the Statement of Recommended Practice: Accounting and Reporting by Charities, and comply with the applicable law.

Objectives and activities

Policies and objectives

The aims and objectives of the charity, and the strategies and activities undertaken to achieve them are:

To advance the Christian faith in accordance with the Statements of Beliefs appearing in the Trust Deed in Sunderland and in other parts of the United Kingdom or the world as the Trustees may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected to the charitable work of the trust.

To relieve persons who are in conditions of need and hardship or who are sick and to relieve the distress caused thereby in the said location and in such parts of the United Kingdom or the world as the trustees may from time to time think fit.

The charity seeks to make an impact in Sunderland and the North East region through the demonstration of Christian love in action.

In setting objectives and planning for activities, the trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2) and, in particular, the specific guidance on the advancement of religion. The trustees also considered how the charity had succeeded in delivering its aims, including public benefit, when reviewing the achievements for the year which are summarised below:

We, as trustees, have fulfilled our duty to disclose information regarding public benefit in accordance with Section 17 of the 2011 Charities Act.

Page 3

DocuSign Envelope ID: 788FDBA0-7DE1-4800-8CDF-DB00779B7C00

BETHANY CITY CHURCH SUNDERLAND

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

Achievements and performance

Main achievements of the Charity

The church continues to grow in its sixteenth year as an independent charity and seventeenth since its inception.

The church continues to operate from Bede Tower, a former school with a city centre location. The premises are owned by the Vardy Foundation with Bethany City Church as the sole tenant. The facilities allow the continuation of Sunday morning services and the addition of Sunday evening services, with regular attendance of up to 250 adults and children on a Sunday morning.

During COVID-19 lockdowns services and other ministries were continued online maintaining the support we give attenders and their families.

As well as the provision of a home for the church, Bede Tower has the space and capacity to operate as a Christian Centre and is open seven days per week. In addition to the Theatre which is used for a wide range of activities including Sunday worship, the premises have a refectory, sports hall, soft play area, a number of meeting rooms and offices, thus enabling all of the church activities to be conducted ‘in house’. Subsequently we are continuing to extending the range of youth and adult activities on offer.

Benefits of the building include;

The church fellowship continues to seek to make significant impact on the City of Sunderland through work amongst children, young people, international students as well as adults from both the local area and those seeking or who have gained asylum.

Normally, it runs a number of programmes designed to meet the needs of the community including the Ark Toddler Group, Youth Groups for ages 7-11, 12-16 and 16+. As well as The Globe International Café for international asylum seekers, Soul Kitchen for the homeless and lonely, Fresh Start woodworking classes and Art classes for the unemployed, Alpha Courses, Marriage Preparation and Outreach into Sunderland Community. During the pandemic, some of these ministries had to be re-shaped or curtailed,

We benefited greatly from some funding from Sunderland City Council to continue our community support.

All helpers engaging with youth work and vulnerable adults work have been through Safeguarding training, DBS checks and the charity is compliant with good practice guidelines.

Bethany City Church continues to work with other church groups seeking to reach out with tangible support in Sunderland and the North East region. A number of church members are involved in external ministries which provide practical help for people of all ages who get into difficulties mainly through drugs and excessive alcohol. Support is also provided through the Food Bank which has continue to grow again over the past 12 months and is operated five days per week from the Centre.

Page 4

DocuSign Envelope ID: 788FDBA0-7DE1-4800-8CDF-DB00779B7C00

BETHANY CITY CHURCH SUNDERLAND

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

Financial review

Overview

Incoming resources for the year amounted to £259,690 (2020: £249,953) and resources expended were £234,824 (2020: £240,100). The charity held balances at 31st August 2021 of £184,698 (2020: £159,832) comprising £149,008 (2020: £124,737) unrestricted funds and £35,690 (2020: £35,095) restricted funds. Fund balances are to be carried forward for the future fulfillment of the charity's objectives. The premises fund was originally set up as a designated fund (part of unrestricted funds) but after reviewing the nature of the donations to this fund the trustees have decided it should be reclassified as a restricted fund.

Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Reserves policy

The trustees have reviewed the level of reserves held by the charity and aim to maintain reserves above the level of 12 weeks typical expenditure.

Structure, governance and management

Constitution

Bethany City Church Sunderland is a registered charity, number 1112606, and is constituted under a Trust deed dated 14th November 2005.

Methods of appointment or election of Trustees

The governing body of the charity is the board of trustees, which currently comprises eight members.

The trustees who acted during the year and up to this report are shown on page 1.

The charity has an induction programme in place as directed by the Charities Commission with input from legal advisors for the appointment and training of new trustees.

Organisational structure and decision-making policies

The trustees have full financial and legal responsibility for the activities of the charity. Day to day management of the charity has been delegated to the leadership team who work within approved guidelines and budgets.

The charity is not affiliated under a wider network and is a member of the Evangelical Alliance.

The charity is not a subsidiary to any other charity or organisation.

Related party relationships

The trustees are not aware of any related party for which disclosure is considered to be made.

Page 5

DocuSign Envelope ID: 788FDBA0-7DE1-4800-8CDF-DB00779B7C00

BETHANY CITY CHURCH SUNDERLAND

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

Structure, governance and management (continued)

Financial risk management

The trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Plans for future periods

The premises not only provide a stable base for our current activities but allow the development of new work which will further the charitable objectives of the church. We do see the city centre site of Bede Tower which borders one relatively deprived community and another more prosperous resulting not only in more community based work but also partnership working with other like-minded organisations. The church activities are fully managed as a charitable organisation but we recognised that to undertake certain activities within Bede Tower we needed to consider the formation of a separate business model to help deliver our objectives. Subsequently, Bede Tower Ltd was set up to undertake any trading activity that has developed within the premises. Bede Tower Ltd is a company limited by shares, with one share holder Bethany City Church. It has its own Board of Directors that oversee its strategic operations. Any profits derived from Bede Tower Ltd are gifted to Bethany City Church to forward its charitable objectives.

Benefits of this approach include;

The primary focus of the Leadership Team is on the growing of the congregation, deepening the spiritual lives of those who are part of the church as well as reaching out to the community in Sunderland with the good news message of Jesus as well as in practical ways. Our overarching objective remains to ‘build a community whose aim is to live and love like Jesus and get the people of Sunderland into heaven’.

Page 6

DocuSign Envelope ID: 788FDBA0-7DE1-4800-8CDF-DB00779B7C00

BETHANY CITY CHURCH SUNDERLAND

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

Statement of Trustees' responsibilities

The trustees 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).

The law applicable to charities in England & Wales 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 its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and 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 Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. 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.

Approved by order of the members of the board of trustees on 23 June 2022 and signed on their behalf by:

P Waugh Chairman

Page 7

DocuSign Envelope ID: 788FDBA0-7DE1-4800-8CDF-DB00779B7C00

BETHANY CITY CHURCH SUNDERLAND

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2021

Independent Examiner's Report to the Trustees of Bethany City Church Sunderland ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 August 2021.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institution of Chartered Accountants in England and Wales, which is one of the listed bodies.

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

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.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: Dated: 23 June 2022

Mai Mak FCA

Kinnair Associates Limited

Page 8

DocuSign Envelope ID: 788FDBA0-7DE1-4800-8CDF-DB00779B7C00

BETHANY CITY CHURCH SUNDERLAND

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Other income
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2021
£
52,686
-
115
-
52,801
-
52,206
52,206
595
35,095
595
35,690		 Unrestricted
funds
2021
£
201,228
299
66
5,296
206,889
24
182,594
182,618
24,271
124,737
24,271
149,008		 Total
funds
2021
£
253,914
299
181
5,296
259,690
24
234,800
234,824
24,866
159,832
24,866
184,698		 Total
funds
2020
£
208,602
6,106
489
34,756
249,953
214
239,886
240,100
9,853
149,979
9,853
159,832

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 11 to 26 form part of these financial statements.

Page 9

DocuSign Envelope ID: 788FDBA0-7DE1-4800-8CDF-DB00779B7C00

BETHANY CITY CHURCH SUNDERLAND

BALANCE SHEET AS AT 31 AUGUST 2021

Note
Fixed assets
Tangible assets
13
Investments
14
Current assets
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within one
year
16
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
18
Unrestricted funds
18
Total funds		 8,050
159,127
167,177
(1,200)		 2021
£
18,621
100
18,721
165,977
184,698
184,698
184,698
35,690
149,008
184,698		 5,601
137,525
143,126
(2,592)		 2020
£
19,198
100
19,298
140,534
159,832
159,832
159,832
35,095
124,737
159,832

The financial statements were approved and authorised for issue by the Trustees on 23 June 2022 and signed on their behalf by:

C Seadon Treasurer

The notes on pages 11 to 26 form part of these financial statements.

Page 10

DocuSign Envelope ID: 788FDBA0-7DE1-4800-8CDF-DB00779B7C00

BETHANY CITY CHURCH SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

1. General information

Bethany City Church Sunderland is a registered charity, (registration number 1112606). The registered office address of the charity is Bede Tower, Burdon Road, Sunderland, SR2 7EA.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Bethany City Church Sunderland meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Charity has taken advantage of the exemption within the Charities Act 2011 not to prepare group accounts being parent of a small group.

2.2 Going concern

The trustees consider that there are no material uncertainties concerning the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. For this reason, the accounts continue to be prepared using the going concern basis.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Collections and donations are recognised when received.

Planned giving receivable under Gift Aid is recognised only when received.

Income tax recoverable on Gift Aid donations is not recognised until such claims that are made have been approved by HM Revenue and Customs and the amount receivable can be quantified with reasonable certainty.

Page 11

DocuSign Envelope ID: 788FDBA0-7DE1-4800-8CDF-DB00779B7C00

BETHANY CITY CHURCH SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

2. Accounting policies (continued)

2.3 Income (continued)

Grants and legacies to the Church are accounted for as soon as the charity is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the charity is reasonably certain.

Gifts in kind and donated services and facilities are recognised at fair value at the point of receipt where the benefit to the charity is reasonably quantifiable and measurable.

Funds raised by events are accounted for gross.

2.4 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 allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £250 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

At each reporting date the Charity assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 12

DocuSign Envelope ID: 788FDBA0-7DE1-4800-8CDF-DB00779B7C00

BETHANY CITY CHURCH SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

2. Accounting policies (continued)

2.6 Tangible fixed assets and depreciation (continued)

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following bases:

2.7 Investments

Investments in subsidiaries are valued at cost less provision for impairment.

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.10 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.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.11 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2.12 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

Page 13

DocuSign Envelope ID: 788FDBA0-7DE1-4800-8CDF-DB00779B7C00

BETHANY CITY CHURCH SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

2. Accounting policies (continued)

2.13 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

General collections
Premises collections
Gift aid tax refunds
Designated gifts
Grants
Government grants
General collections
Premises collections
Gift aid tax refunds
Designated gifts
Grants
Government grants		 Restricted
funds
2021
Unrestricted
funds
2021
£
£
-
134,743
480
-
-
19,904
-
31,426
52,206
-
-
15,155
52,686
201,228
Restricted
funds
2020
Unrestricted
funds
2020
£
£
-
111,682
4,329
-
-
20,263
-
44,168
-
1,200
-
26,960
4,329
204,273		 Total
funds
2021
£
134,743
480
19,904
31,426
52,206
15,155
253,914
Total
funds
2020
£
111,682
4,329
20,263
44,168
1,200
26,960
208,602

Page 14

DocuSign Envelope ID: 788FDBA0-7DE1-4800-8CDF-DB00779B7C00

BETHANY CITY CHURCH SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

4. Income from charitable activities

Unrestricted
funds
2021
£
Events income
299
Unrestricted
funds
2020
£
Events income
6,106		 Total
funds
2021
£
299
Total
funds
2020
£
6,106

5. Investment income

Bank interest receivable
Bank interest receivable		 Restricted
funds
2021
Unrestricted
funds
2021
£
£
115
66
Restricted
funds
2020
Unrestricted
funds
2020
£
£
280
209		 Total
funds
2021
£
181
Total
funds
2020
£
489

Page 15

DocuSign Envelope ID: 788FDBA0-7DE1-4800-8CDF-DB00779B7C00

BETHANY CITY CHURCH SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

6. Other incoming resources

Unrestricted
funds
2021
£
Sundry income
5,296
Unrestricted
funds
2020
£
Sundry income
34,756		 Total
funds
2021
£
5,296
Total
funds
2020
£
34,756

7. Expenditure on raising funds

Costs of raising voluntary income

Unrestricted
funds
2021
£
Advertising
24
Unrestricted
funds
2020
£
Advertising
214		 Total
funds
2021
£
24
Total
funds
2020
£
214

Page 16

DocuSign Envelope ID: 788FDBA0-7DE1-4800-8CDF-DB00779B7C00

BETHANY CITY CHURCH SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

8. Analysis of expenditure on charitable activities

Summary by fund type

Direct costs - Activities
Direct costs - Activities		 Restricted
funds
2021
Unrestricted
funds
2021
£
£
52,206
182,594
Unrestricted
funds
2020
£
239,886		 Total
funds
2021
£
234,800
Total
funds
2020
£
239,886

9. Analysis of expenditure by activities

Direct costs - Activities
Direct costs - Activities		 Activities
undertaken
directly
2021
£
194,470
Activities
undertaken
directly
restated
2020
£
193,851		 Support
costs
2021
£
40,330
Support
costs
restated
2020
£
46,035		 Total
funds
2021
£
234,800
Total
funds
2020
£
239,886

Page 17

DocuSign Envelope ID: 788FDBA0-7DE1-4800-8CDF-DB00779B7C00

BETHANY CITY CHURCH SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

9. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Premises costs
Youth group activities
Sunday school
Church resources and events
Donations
Pathway program
Staff costs
Premises costs
Youth group activities
Sunday school
Church resources and events
Donations		 Religious
activities
2021
£
142,506
14,065
773
554
3,970
27,863
4,739
194,470
Activities
restated
2020
£
139,038
21,189
349
241
4,882
28,152
193,851		 Total
funds
2021
£
142,506
14,065
773
554
3,970
27,863
4,739
194,470
Total
funds
2020
£
139,038
21,189
349
241
4,882
28,152
193,851

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BETHANY CITY CHURCH SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

9. Analysis of expenditure by activities (continued)

Analysis of support costs

Depreciation
Telephone
Repairs and maintenance
Stationery and printing
Course expenses
Motor expenses
Sundry expenses
Insurance
Governance costs
Depreciation
Telephone
Repairs and maintenance
Stationery and printing
Course expenses
Motor expenses
Sundry expenses
Insurance
Governance costs		 Religious
activities
2021
£
6,596
4,420
12,855
1,913
361
417
5,930
6,438
1,400
40,330
Activities
restated
2020
£
5,791
5,223
13,849
2,419
1,121
2,837
7,236
6,171
1,388
46,035		 Total
funds
2021
£
6,596
4,420
12,855
1,913
361
417
5,930
6,438
1,400
40,330
Total
funds
2020
£
5,791
5,223
13,849
2,419
1,121
2,837
7,236
6,171
1,388
46,035

Governance costs comprise above comprise accountancy fees of £1,400 (2020: £1,388).

The split of costs between direct, support and governance has been amended in line with the Charities SORP and the 2020 comparative figures above have been restated. The total expenditure remains unchanged.

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BETHANY CITY CHURCH SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

10. Independent examiner's remuneration

2021 2020
£ £
Fees payable to the Charity's independent examiner for the preparation
and independent examination of the Charity's annual accounts 1,400 1,388

11. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2021
£
129,557
6,410
6,539
142,506		 2020
£
127,133
6,640
5,265
139,038

Included above are redundancy payments totalling £8,782 (2020: £nil).

The average number of persons employed by the Charity during the year was as follows:

2021 2020
No. No.
Charitable objectives 5 7

No employee received remuneration amounting to more than £60,000 in either year.

Remuneration and benefits received by staff key management (as distinct from trustees who are volunteers) including employer's national insurance and pension contributions amounted to £42,771 for the year.

12. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .

During the year ended 31 August 2021, no Trustee expenses have been incurred (2020 - £NIL) .

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BETHANY CITY CHURCH SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

13. Tangible fixed assets

Cost or valuation
At 1 September 2020
Additions
Disposals
At 31 August 2021
Depreciation
At 1 September 2020
Charge for the year
On disposals
At 31 August 2021
Net book value
At 31 August 2021
At 31 August 2020		 Plant and
equipment
£
75,422
6,519
-
81,941
56,225
7,095
-
63,320
18,621
19,197		 Motor
vehicles
£
4,000
-
(4,000)
-
3,999
-
(3,999)
-
-
1		 Total
£
79,422
6,519
(4,000)
81,941
60,224
7,095
(3,999)
63,320
18,621
19,198

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BETHANY CITY CHURCH SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

14. Fixed asset investments

Cost or valuation
At 1 September 2020
At 31 August 2021
Net book value
At 31 August 2021
At 31 August 2020		 Investments
in
subsidiary
companies
£
100
100
100
100

Principal subsidiaries

The following was a subsidiary undertaking of the Charity:

Name Company Registered office or principal Principal activity
number place of business
Bede Tower Limited 08685582 Bede Tower, Burdon Road, Conference
Sunderland, SR2 7EA organisers
Class of Holding
shares
Ordinary 100%

The financial results of the subsidiary for the year were:

Name Income Expenditure Net assets
£ £ £
Bede Tower Limited 5,057 (5,057) 98

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BETHANY CITY CHURCH SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

15. Debtors

Due within one year
Other debtors
Prepayments and accrued income		 2021
£
4,303
3,747
8,050		 2020
£
3,262
2,339
5,601

16. Creditors: Amounts falling due within one year

Bank loans and overdrafts
Accruals and deferred income		 2021
£
-
1,200
1,200		 2020
£
1,592
1,000
2,592

17. Financial instruments

2021 2020
£ £
Financial assets
Financial assets measured at fair value through income and expenditure 159,127 137,525

Financial assets measured at fair value through income and expenditure comprise bank balances.

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BETHANY CITY CHURCH SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

18. Statement of funds

Statement of funds - current year

Balance at 1
September
2020
£
Unrestricted funds
General funds
124,737
Restricted funds
Premises fund
35,095
Pathway project
-
35,095
Total of funds
159,832
Statement of funds - prior year
Balance at
1 September
2019
£
Unrestricted funds
General funds
119,493
Restricted funds
Premises fund
30,486
Total of funds
149,979		 Income
£
Expenditure
£
206,889
(182,618)
595
-
52,206
(52,206)
52,801
(52,206)
259,690
(234,824)
Income
£
Expenditure
£
245,344
(240,100)
4,609
-
249,953
(240,100)		 Balance at
31 August
2021
£
149,008
35,690
-
35,690
184,698
Balance at
31 August
2020
£
124,737
35,095
159,832

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DocuSign Envelope ID: 788FDBA0-7DE1-4800-8CDF-DB00779B7C00

BETHANY CITY CHURCH SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

18. Statement of funds (continued)

The Bethany City Church Premises fund was created to raise finance towards the costs of either the fitting out of a building or purchase of equipment and resources for use by the church in either a permanent or temporary home. The church occupies the premises of Bede Tower and the premises fund is now held for repair of Bede Tower.

The Pathway Project - This funding was from the National Lottery Community Foundation to be used to support the vulnerable in society through the Covid pandemic. The pathway project that was initially set up was intended to help the long term unemployed to gain in confidence and to improve their skills to enter the world of work. Costs of running the programme included some staff pay and power costs etc. Once the programme ended due to another Covid lockdown the donors agreed that as our church could use remaining funding to support our work among the disadvantaged.

19. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Restricted
funds
2021
Unrestricted
funds
2021
£
£
-
18,621
-
100
35,690
131,487
-
(1,200)
35,690
149,008		 Total
funds
2021
£
18,621
100
167,177
(1,200)
184,698

Analysis of net assets between funds - prior year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Restricted
funds
2020
£
-
-
35,095
-
35,095		 Unrestricted
funds
2020
£
19,198
100
108,031
(2,592)
124,737		 Total
funds
2020
£
19,198
100
143,126
(2,592)
159,832

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BETHANY CITY CHURCH SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

20. Pension commitments

The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £6,539 (2020 - £5,265). No contributions were outstanding at the year end (2020: £nil).

21. Related party transactions

The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 August 2021.

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