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2021-12-31-accounts

AMENDED

Beulah Church

Report and Accounts Year ended 31 December 2022

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

BEULAH CHURCH

FOR THE YEAR ENDED 31 DECEMBER 2022

COMPANY INFORMATION

Directors/Trustees

Mr L George - Chairman Mr L Richards Mr B Stent Mr T Barker (resigned March 2023) Ms L McLellan (resigned June 2023) Mrs D Nwaboku

Key staff

Jospeh Bediako - Elder and Pastor (until January 2022) John Clevely - Elder and Teaching Pastor Llewellyn Richards - Elder

Governing Document

Memorandum and Articles 9 December 2005

Company Registration Number 05650590

Charity Registration Number 1113474

Registered Office

Beulah Family Church Beulah Crescent Thornton Heath Surrey

Independent Examiner

Stephen Mathews FCA Stewardship 1 Lamb's Passage London, EC1Y 8AB

Bankers

CAF Bank

CONTENTS

Page
Directors' Report 1-6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10-16
Detailed Statement of Financial Activities with Comparatives 17

BEULAH CHURCH

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2022

The Trustees have pleasure in submitting the amended Report and Accounts for the year ended 31 December 2022. These have been amended and are now the statutory accounts, replacing the original version, prepared as they were at the date of the original accounts approved by the Directors in September 2023. These are amended for the reason detailed in Note 8 to the accounts.

Objects of the charity

The Trustees are pleased to present their report together with the financial statements of the charity for the year ended 31st December 2022. The financial statements have been prepared on the accounting policies set out in note 1 to the financial statements and comply with the charity’s trust deed, applicable law and the requirements of the Statement of Recommended Practice, “Accounting and Reporting by Charities” issued in 2015.

Beulah Church is commonly known as Beulah Family Church, a name agreed to by its members. The name reflects that we see ourselves as a family of believers, brought together by the love of God in Christ Jesus. Everyone is welcomed to enjoy an environment of worship, through contemporary songs of praise, inclusive prayers and encouraging teachings that have transformed lives.

The Trustees work in partnership with the Elders of the church. The Elders provide both spiritual oversight and the day-to-day direction of the church.

The charity’s governing purpose is to spread the Gospel and further the Kingdom of the Lord Jesus Christ. It is the policy of the trustees to combine prudence in financial planning and economy in expenditure with an attitude of faith and expectation proper to this purpose.

Beulah Family Church is a Holy Spirit filled, Bible believing church, with a regular congregation of around 160 people, often many more.

At Beulah, we see ourselves as a family of believers brought together by the love of God in

Christ Jesus.

We enjoy a welcoming environment of worship, through contemporary songs of praise, inclusive prayers and encouraging teachings that are sure to transform lives. Our membership features a rich multi-cultural background, representing the diverse local community.

The church has an outward focused ministry, active in the local community and has relationships with other churches around the world.

Page 1

Review of Activities

Beulah’s activities continue to be driven by our;

Passion for God

We have continued to deliver teaching of biblical scripture through our Sunday services and small group meetings.

Church Services

Our Sunday services are held in person on site and also broadcasted live online (via social media streams). A recording of the sermon section is available on our website and on YouTube

Good Friday Service held at the Thornton Heath site and online. Kingdom Kids - Children's activity based Sunday meeting

Christmas Production – Nativity with carols, produced by our youth. Took place on Saturday 17th December

Christmas Eve carol service – Took place on Saturday 24th December

Courses

Alpha course - Beulah ran an Alpha course between 28th September – 7th December This is a course that gives everyone the opportunity to explore the Christian faith and its relevance today. Participants are encouraged to ask questions and share their point of view - Delivered online.

John on John – Aimed at bringing people to consider the gospel or go deeper into the claims of Jesus. Held simultaneously in person on site and online via Zoom

15plus Bible Study – Every Friday at 6pm in the building. It's for all young people over 15. It's a fun time with good discussions, food, laughter, games and prayers.

Youth Conference – Friday 29th April to Sunday 1st May at Beulah. Daily sermons with interactive sessions, Games including a Fifa tournament. Sleepover for two nights, movies each night. Breakfast, lunch and dinner were provided.

Love for People

Numerous Dedications, Funerals and Weddings

Page 2

Pastoral Care –

Stork Aid - Aims to serve people with new born children, or who have unexpectedly become ill, in a very practical way. Various members of the church will rally together, cook and deliver a week of home-cooked meals to the family so that they have one less thing to think about.

Special Needs for Special Angels Group – A support group for Parents/Carers of children with special needs. Run once a month

Bouncers -A weekly babies and toddlers group with a variety of toys available to keep the children entertained in a large room. It also offers an opportunity for parents/guardians to have a chat and a coffee

ONE - For all women, whether you come to Beulah or not. The name of the group reflects the intention of being increasingly united in love for God and one another. Friendships are made and strengthened through activities such as pampering, afternoon teas and baking competitions, as well as prayer and teaching sessions.

MEN –Fellowship for men of all ages, the events inevitably tend to include enjoying food together. But as well as being fed physically, we also aim to be fed spiritually – challenging and encouraging each other to serve the Lord with passion in our generation.

Christmas Food Offering – Where church attendees bring something special that is distributed to people in our congregation who are in need.

Centre of Healing – For anyone struggling with life's challenges at the moment and would like prayer.

Area Group Get Togethers Wednesday 8:00pm | Zoom

Fitness and Fellowship - Women's walking group on Mondays at 11.00am.

Beulah Hosted - 26th July until 5th August.

Beulah Seniors – Beetle Drive and Cocktail Evening. Friday 16th September at 7.30pm.

Bingo Night – Saturday 2nd July at 7.00pm. Fundraising night for the youth trip to Israel.

Page 3

Quiz night – The young people have organised a quiz night to help raise funds to go to Israel with John and Liz in May 2023

Over 60's fit for life exercise class – Began at Beulah on Wednesday 15th June, 2 – 3pm and run every Wednesday.

Stir it Up – A prophetic workshop held on Saturday 9th April for anyone with desires to stir up the prophetic gift.

Easter Family Fun Day – Friday 15th April at Beulah. A free fun day for all. Featuring craft activities, bouncy castle, treasure hunt, refreshments and story time.

The Regathering One – Saturday 23rd April. Afternoon tea and fellowship for the ladies.

Jubilee Event – Saturday 4th June. Fun day for the community to celebrate the Queen's Platinum Jubilee.

Youth Christmas Party – Held on Saturday 3rd December. Children (5 -11) 2pm – 5pm and teenagers (11-16) 6pm – 9pm.

Heart for Mission

Bringing the love of Christ to the community is not just about practical help but also about the personal hope and life change that comes from personal relationship with God. This mission is at the heart of the work of Beulah Church and its members. This is aimed to be shown in the daily lives of the individual members and their interaction with each other and those around them in the community. The church has also arranged special events to this end.

Church Without Walls – A series of outreach activities that took place in various locations within walking distance of the our church

Youth Ministry - Our youth ministry is a significant feature with Beulah running clubs on Sundays and during the week.

5K Sponsored Run or Walk - Sunday 14th August. Fundraising event to help our young people fund their trip to Israel next May.

Church Family Meeting – Annual meeting where the church discusses with members it’s vision, finance, membership, and forthcoming actions.

Preaching Training – Saturday 10th September, 10.00am – 3.00pm. For anyone who would like to preach.

Staff

The charity employed:

Page 4

Volunteers

Beulah Church is blessed by the valuable contribution of voluntary work. Large numbers of volunteers within the church help in every aspect of the church’s work. Without them, most of the church’s activities would not take place.

Forestdale Church

Beulah planted a new church in Forestdale a number of years ago. This year it was agreed that Forestdale would separate from Beulah and become an independent church, within the Regions Beyond family. Therefore Forestdale-Innovation Churches was established. As a consequence were some organisational changes. Beulah also agreed a £16K grant to Forestdale.

Working Partnerships

Regions Beyond

Beulah Family Church is part of a relational network of churches that form “Regions Beyond”. Regions Beyond is under the apostolic leadership of an international team headed by Steve Oliver.

Outlook for 2023

Some church members joined Forestdale and so we anticipate a lower level of donations through tithes and offerings.

Income from building hires will grow.

Public Benefit

In planning the activities the Trustees have had regard to the guidance issued by the Charity Commission in December 2008 on Public Benefit.

Reserves Policy

The Board of Trustees have established a policy whereby free reserves held by the charity should be maintained at levels to allow the Church to continue its operations if income were to reduce considerably. We expect to hold at least three months operating costs, which

Page 5

equates to approximately £45,000. At the year end the free reserves retained in the bank stood at just over £45,000.

Risk Statement

The Trustees have reviewed the risks to which a small charity operating with few employees are 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 give a true and fair view of the state of the charity and of its income and expenditure for the year.

  1. Select suitable accounting policies and apply them consistently

  2. Make judgements and estimates that are reasonable and prudent

  3. State whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts.

  4. Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business.

The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the company and enable us to ensure that the financial statements comply with the Companies Act 2006.

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

Approval

This report was approved by the Trustees on 2 May 2024 and signed on their behalf by:

Len George

Len George - Chair of Trustees

Page 6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

BEULAH CHURCH

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022 on pages 8 to 17 following, which have been prepared on the basis of the accounting policies set out on pages 10-11.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

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

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts 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 accounts 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 accounts to be reached.

Stephen Mathews

Stephen Mathews FCA Institute of Chartered Accountants of England and Wales

Stewardship 1 Lamb's Passage London, EC1Y 8AB

Date: 3 May 2024

Page 7

BEULAH CHURCH

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2022

SUMMARY INCOME AND EXPENDITURE ACCOUNT

Note
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Investments
Charitable activities
Total income and endowments
EXPENDITURE ON
Charitable activities
5
Total expenditure
Net income/(expenditure)
Transfers between funds
11
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2022
2021
£
£
£
£
151,255
2,343
153,598
239,163
208
-
208
6
28,879
-
28,879
43,366
180,342
2,343
182,685
282,536
220,600
1,250
221,850
254,134
220,600
1,250
221,850
254,134
(40,258)
1,093
(39,165)
28,402
2,077
(2,077)
-
-
(38,181)
(984)
(39,165)
28,402
109,123
2,830
111,953
83,551
70,942
1,846
72,788
111,953

Movements on reserves and all recognised gains and losses are shown above.

The notes on page 10 - 16 form part of these accounts.

Page 8

BEULAH CHURCH

BALANCE SHEET

FOR THE YEAR ENDED 31 DECEMBER 2022

Note
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Debtors
8
Cash at bank
9
CURRENT LIABILITIES
Liabilities falling due within one year
10
Net Current Assets
NET ASSETS
FUND BALANCES
Unrestricted funds
11
General Funds
Designated funds
Restricted Funds
11		 Unrestricted
Restricted
Total funds
Total funds
Funds
Funds
2022
2021
£
£
£
£
12,000
-
12,000
16,000
17,886
-
17,886
30,734
45,503
1,846
47,349
69,791
63,389
1,846
65,235
100,525
4,447
-
4,447
4,572
58,942
1,846
60,788
95,953
70,942
1,846
72,788
111,953
70,942
70,942
106,791
0
2,332
1,846
1,846
2,830
70,942
1,846
72,788
111,953

For the year ended 31 December 2022, the company was entitled to the exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

Responsibilities of directors/trustees:

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Directors and signed on their behalf by:

Len George --------------------------------------Date: 2 May 2024 Mr L George - Chairman Charity number: Company number: 05650590 1113474

The notes on page 10 - 16 form part of these accounts.

Page 9

BEULAH CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out below.

a) Going Concern

The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats and other events and courses.

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

Page 10

BEULAH CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

d) 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. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. 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. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of a purchased item, or the fair value of a donated item, is more than £5,000 and is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Depreciation periods are as follows:

Equipment Between 3 and 7 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Pension costs:

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

g) Taxation

The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

h) Financial instruments

The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).

i) Cashflow statement

The company has taken advantage of the exemption provided by the FRS 102 SORP and has not prepared a Cash Flow Statement for the year.

Page 11

BEULAH CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

3
Voluntary income
General donations (including Gift Aid)
Grants
Gifts in kind
Government grants (note 3a)		 Unrestricted
Restricted
Total
Total
Funds
Funds
2022
2021
£
£
£
£
151,255
2,343
153,598
176,238
-
-
10,000
-
-
20,000
-
-
32,926
151,255
2,343
153,598
239,163

The gifts in kind in 2021represents the approximate value of chairs donated to the church for its use by Joseph Projects Ltd.

Job Retention Scheme grants
4
Charitable activity income
Hall hire
Church activities
Recharge of building and staff costs
Other receipts
5
Charitable activity
a
Direct Charitable Costs
Wages, salaries, pension & NI contributions
Accommodation costs
Buildings
Depreciation on assets
Church activities
Grants payable
Note 3c
b
Support & Administration
Governance costs
Office and sundry costs
Combined charitable activity cost		 2022
2021
£
£
-
32,926
-
32,926
2022
2021
£
£
27,231
18,595
-
50
-
22,677
1,648
2,044
28,879
43,366
Total
Total
2022
2021
£
£
113,095
149,966
4,200
2,351
45,518
53,642
4,000
4,000
9,466
14,302
21,250
9,800
197,528
234,061
£
£
3,300
3,580
21,022
16,493
24,322
20,073
221,850
254,134

Fees payable to Stewardship, there were no charges other than for the annual accounts and independent examination of £3,000 (2021: £3,600).

c

Grants
Mission support
Church planting
Mission support		 Institutions
Individuals
2022
£
£
£
5,250
-
5,250
16,000
-
16,000
21,250
-
21,250
2021
£
£
£
9,800
-
9,800
9,800
-
9,800

Page 12

BEULAH CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR THE YEAR ENDED 31 DECEMBER 2022
Grants made to institutions were:
Innovation Churches (re Forestdale church plant)
Croydon Jubilee Church (church planting)
Regions Beyond UK (General mission support)
Croydon Tamil Christian Fellowship
6
Staff, Trustees and other details
Gross wages, salaries & benefits in kind
Employer's National Insurance costs
Pension costs
Total staff costs		 2022
2021
£
£
16000
5,000
4,000
4,800
1,250
2022
2021
£
£
104,651
132,943
6,257
8,750
2,187
8,273
113,095
149,966

The average monthly number of employees during the year was 5 (2021:6). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum (2021: none).

The charity's key management comprise the trustees and the key staff named on the Company Information page. Total employment benefits payable to key management for the year were as follows:

Wages and Employment Employer 2022
salaries Benefits Pension £
Trustees:
L Richards 25,417 - 360 25,777
Other members of key management 54,005 - 6,508 60,513
86,290
Wages and Employment Employer 2021
salaries Benefits Pension £
Trustees:
L Richards 30,500 - 727 31,227
Other members of key management 71,783 - 7,058 78,841
110,068

L Richards served as a church leader and received the above payments for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document.

7
Tangible Fixed Assets
Cost
At 1 January 2022
Additions
At 31 December 2022
Accumulated Depreciation
At 1 January 2022
Charge for the year
At 31 December 2022
Net book value
At 31 December 2022
At 1 January 2022		 Total
Music, AV and
other church
equipment
Office
Equipment
2022
£
£
£
55,733
3,973
59,706
-
-
-
55,733
3,973
59,706
39,733
3,973
43,706
4,000
-
4,000
43,733
3,973
47,706
12,000
-
12,000
16,000
-
16,000

The church uses the building at Beulah Crescent, Thornton Heath, CR7 8JL. The church does so on the basis of a trust deed between The London Baptist Property Board Limited and Beulah Hill Christian Fellowship, the forerunner of the current church charity. The cost of repair and improvements are met by the funds of the church.

Page 13

BEULAH CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR THE YEAR ENDED 31 DECEMBER 2022
8
Debtors and Prepayments
Tax recoverable
Other Debtors
Prepayments		 2022
2021
£
£
8,121
22,727
6,115
4,729
3,650
3,278
17,886
30,734

The 'Other debtors' in 2022 represents Employment Allowance for 3 tax years which have been claimed but only partially received by the year end.

The original accounts for the year, approved by the Directors in September 2022, reflected amounts due in Employment Allowance of £15,000 which transpired to be an overestimate as HMRC had not communicated offsets against amounts due for PAYE and National insurance contributions.

9
Cash at Bank and in Hand
Bank operating accounts
Bank deposits
10
Creditors: liabilities falling due within one year
Trade Creditors
Accruals		 2022
2019
£
£
1,858
5,404
45,491
64,387
47,349
69,791
947
472
3,500
4,100
4,447
4,572

11 Funds

The Designated Funds are an unrestricted fund designated by the Trustees to allow for future expenditure on:

2022
Bouncers Fund
Bouncers Fund		 Opening
Incoming
Outgoing
Transfers
Closing
balance
resources
resources
in the year
balance
£
£
£
£
£
2,332
-
-
-
2,332
2,332
-
-
-
2,332
Monies raised by the 'Bouncers' toddler group for running costs and
other donations

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

Regions Beyond mission support
Youth Israel fund
Burundi
Tamil Fellowship
Floating Shelter fund		 Opening
Incoming
Outgoing
Transfers
Closing
balance
resources
resources
in the year
balance
£
£
£
£
£
2,077
-
-
(2,077)
-
-
1,093
-
-
1,093
312
-
-
-
312
230
1,250
(1,250)
230
211
-
-
-
211
2,830
2,343
(1,250)
(2,077)
1,846

The Regions Beyond mission support fund is for the work of the church in church planting, evangelism and relief work of the sphere of churches of 'Regions Beyond UK' in the UK and abroad. The transfer to general funds represents expenditure which had been orignally made from the general funds but now identified as from this fund

Page 14

BEULAH CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

p p

The assets and liabilities represented by the various funds as at December 2022 are as follows:

Restricted funds
Unrestricted funds		 Fixed
Bank & cash
Other net
Total
assets
balances
assets
£
£
£
£
-
1,846
-
1,846
12,000
45,503
13,439
70,942
12,000
47,349
13,439
72,788

2021

The Designated Funds are an unrestricted fund designated by the Trustees to allow for future expenditure on:

Bouncers Fund
Bouncers Fund		 Opening
Incoming
Outgoing
Transfers
Closing
balance
resources
resources
in the year
balance
£
£
£
£
£
2,332
-
-
-
2,332
Monies raised by the 'Bouncers' toddler group set aside for running
costs and other donations
The restricted funds represent amounts received for specific purposes and the movements in the year are as follows:
Opening Incoming Outgoing Transfers Closing
balance resources resources in the year balance
£
 £ £
 £ £
Regions Beyond mission support 4,240 - (2,163) - 2,077
Regions Beyond church plant grant - 10,000 (10,000) - -
Burundi 312 - - - 312
Tamil Fellowship 230 - - - 230
Floating Shelter fund 211 - - - 211
4,993 10,000 (12,163) - 2,830

The Regions Beyond mission support fund is for the work of the church supporting the church planting, evangelistic and relief work of the sphere of churches of 'Regions Beyond UK' in the UK and abroad.

The Regions Beyond church planting fund is for the work of church planting in South London.

The assets and liabilities represented by the various funds are as follows:

Restricted funds
Unrestricted funds		 Fixed
Bank & cash
Other net
Total
assets
balances
assets
£
£
£
£
-
2,830
-
2,830
16,000
66,961
26,162
109,123
16,000
69,791
26,162
111,954

Page 15

BEULAH CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

12 Related Party transactions

During the year the charity:

Mrs R George, the spouse of a Trustee L George, was paid £20,020 (2021 £20,020) in her capacity as a church administrator.

13 Members

Each member of the company commits to contribute if the charity is wound up an amount of £10.

Page 16

BEULAH CHURCH

Detailed Statement of Financial Activities with Comparatives

FOR THE YEAR ENDED 31 DECEMBER 2022

Note
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investments
Charitable activities
4
Total income and endowments
EXPENDITURE ON
Charitable activities
3
Total expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Total
Total
Funds
Funds
2022
2021
2022
2021
2022
2021
2022
2021
£
£
£
£
£
£
£
£
151,255
229,163
-
-
2,343
10,000
153,598
239,163
208
6
-
-
-
-
208
6
28,879
43,366
-
-
-
-
28,879
43,366
Unrestricted Funds - General
Unrestricted Funds - Designated
Restricted Funds
180,342
272,536
-
-
2,343
10,000
182,685
282,536
220,600
241,971
-
-
1,250
12,163
221,850
254,134
220,600
241,971
-
-
1,250
12,163
221,850
254,134
-
-
-
-
-
-
-
-
(40,258)
30,565
-
-
1,093
2,163
-
(39,165)
28,402
2,077
-
-
-
(2,077)
-
-
-
(38,181)
30,565
-
10
-
(984)
(2,163)
(39,165)
28,402
106,801
76,236
2,322
2,332
2,830
4,993
111,953
83,561
68,619
106,801
2,322
2,322
1,846
2,830
72,788
111,963

Movements on reserves and all recognised gains and losses are shown above.

Page 17