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2020-11-30-accounts

BIRC

Annual Report YEAR ENDED 30 NOVEMBER 2020

“I will confirm my covenant between me and you and will greatly increase your numbers” Genesis 17:2

Bethel International Revival Church Ltd (formerly known as Bethel Missionary Church UK)

Pastor Titus Pirabakaran Senior Pastor

75 Roebuck Road Chessington, KT9 1JZ

www.bethelministries.org.uk bethel-mc@hotmail.co.uk

Table of Contents

Contents

Administrative Information 1
Aims & Purposes, Recruitment and Operating Highlights 2
Financial Review & Reserves Policy 4
UK Ministries Overview 5
Sunday School – Kingdom Kids 7
Youth Ministry 8
TIME 2 BUILD 10
Sri-Lanka Ministries 11
Responsibilities of directors under company Law 12
Contact Information 13
Independent Examiner's Report 14
Statement of Financial Activities 15
Balance Sheet 16
Notes to the Accounts 17-23
Detailed Statement of Financial Activities With Comparatives 24

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Administrative Information

Bethel International Revival Church (main branch) is situated on Church Road, Mitcham. lt is within the Building of Mitcham Parish Church.

Registered office: 75 Roebuck Road, Chessington, KT9 1JZ.

Current Directors/Trustees:

Mr Pirabakaran Karunakaran

Mrs Suganthini Pirabakaran

Mr Thiakeswaran Ramalingam

Miss Marilyn Pirabakaran (appointed on 30[th] Dec 2016)

Mr Arulsuthan Balasundaram (appointed on 10[th] July 2017)

Mrs Pooma Arulsuthan (appointed on 10[th] July 2017)

Key Staff:

Mr Pirabakaran Karunakaran (Senior Pastor)*

*Furloughed scheme applied throughout COVID pandemic

Company Registration no: 6742022 Charity Registration no: 1130950 Governing instrument: Memorandum and Articles of Association dated 14 December 2008

Independent Examiner:

Bankers:

Ajay Rajani FCIE, Stewardship, 1 Lamb’s Passage, London EC1Y 8AB

Lloyds

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BIRC Annual 2020 Summar y

Aim and Purposes

Our aim as follows:

Our purpose is to share the gospel of Jesus Christ by partnering with Pastor Mr Titus K. Pirabakaran, leaders and members of the church. Our mission is to equip all with the Word of God and reach out to the surrounding communities in UK and Sri-Lanka with Love of Jesus by exhibiting faith in action.

Recruitment

The charity reviews current skill sets in leadership meetings quarterly and identifies gaps and potential new roles that are required for the church (Leaders, Sunday School Teachers etc.). Through prayers and interviews, candidates are selected, and a decision is made collectively with trustees and leadership team.

Operating Highlights

United Kingdom

In planning the activities, the Directors have had regard to the guidance on public benefit issued by the Charity Commission.

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BIRC Annual 2020 Summar y

Regular services at 4 branches in UK on Sundays are continuing to grow. Homeless outreach by our youths continue to impact the lives of many on the streets of London. Sunday school curriculum was established and shared across all branches. BIRC took part in the Samaritan’s operations Christmas child, generating over 75 shoe boxes.

Sri-Lanka

The charity continues to partner with ministries in Sri-Lanka and, during the year, the charity helped fund the following:

During the lockdown we were able to help those who were vulnerable, single parents and the elderly with food packages and essential items. We were also able to donate wheelchairs, motor bikes and essential items for a shop to keep going. The motorbike was given to a girl with a disability to enable her to go to school.

Looking Ahead

Time to Build Campaign will continue – eventually it is hoped that the charity will be able to buy a building, which would help us increase our outreach into the community. In Sri-Lanka, we are looking to help expand the free nursery with a new building plan.

On 3 February 2020 the charity changed its name from Bethel Missionary Church to Bethel International Revival Church.

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Financial Review & Reserves Polic y

Financial Review

During the year income decreased by £32,465 to £85,477. This reduction in income was largely due to the pandemic when, for a large part of the year, the charity could not meet physically and there were no Sunday collections. This year’s income includes grants totaling £14,519 from the Government’s Job Retention Scheme.

Largely as a result of the pandemic expenditure fell by £35,228, to £69,483. This included grants totaling £11,399 (2019: £11,681) given to support ministries and help the poor in Sri Lanka.

As a result, the charity has reported a surplus for the year of £15,994 (2019: £13,231) and the charity’s net assets have increased by £15,994 to £61,789. This included cash of £52,318, of which £32,746 is unrestricted.

Reserves Policy

The trustees have established a policy whereby free reserves (which the trustees define to be unrestricted cash) is no less than £15,000, which equates to about two months’ of usual unrestricted expenditure. At the year-end, the charity held unrestricted cash of £32,746 and the charity is complying with its reserves policy.

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BIRC Annual 2020 Summar y

UK Ministries Overview

BIRC has maintained regular public worship, prayer, bible studies, preaching and taught the word of God throughout the Greater London area (Mitcham, Northolt, Croydon, and Sutton). In addition to this, we also reached out to Ashford in Kent, High Wycombe and Manchester.

Planning for activities takes place under the leadership of our Pastor K Pirabakaran and consideration given to Charity Commission’s guidance on public benefit - in particular, their guidance on charities for the advancement of religion. We endeavor to enable ordinary people to live out their faith in the community through:

Our Sunday services (4) and worship are held putting faith into practice through prayer, scripture reading, and preaching in the following places.

  1. Northolt BIRC – Service in Tamil

  2. Mitcham BIRC – Service in Tamil and Sinhala with occasional English translation

  3. Manchester BIRC – Service in Tamil

  4. Manchester BIRC – Service Sinhala

BIRC has a total of 23 other ministries supporting the churches and community. Some of these include:

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BIRC Annual 2020 Summar y

Regular meetings of the working committee in 2020

The leadership team have met frequently throughout the year and the following hot topics were discussed:

Highlights of this year

Other Department Highlights

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Sunda School – Kin dom Kids y g

www.facebook.com/BMC.Sunday.School

BETHEL Values

B lessed E xtraordinary T eam focused H elpful E ncouraging L eaders of the future.

Purpose

Our Curriculum

Our Curriculum this year has been derived from Go Teach, a christian organisation who has developed and created a scheme of work with booklets for the children to complete. Children complete the workbooks three times a month and focus on singing and worshiping for the rest of week(s) in any given month.

Our Events (Manchester, Northolt & Mitcham)

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Youth Ministr y

www.facebook.com/BMC.Youth.Ministry

Our Word: 1 Timothy 4:12

“Don’t let anyone think less of you because of you are young. Be an example to all believers in what you say, in the way you live, in your love, your faith and your purity”

Our Vision

To equip all with word of God, reach out to all with love of Jesus and restore lives in many nations.

Our Mission

5Ws: Welcome, Worship, Word, Warfare and Witness.

BIRC Youth 7-Fold Ministries & Structure

BIRC youth ministry has its own administration run by youth leaders and supervisors.

BIRC Youth Finance

BMC Youth ministry is self-funded and no monies come from the main church account.

BIRC Youth Key Events and Outreaches in 2020

Regular Monthly Youth Meetings and service

The youth continued their meetings online on Zoom with something different every week. The structure we follow is

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BIRC Annual 2020 Summar y

Street outreach and homeless outreach

On boxing day the youth made essential boxes for the homeless and distributed them throughout Mitcham and Tooting.

Youth football match

The trainee leaders organised a football match with New Life Church of God, Milton Keynes. A great time of fellowship and unity.

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TIME 2 BUILD

EZRA 1:1-11

God gave a vision on 24th June 2015 through his Word (EZRA 1:1-11) to build a Community Centre in the UK to reach out to the needs of families. This vision was shared with the public through the Peace and Power Concert.

Purpose of Community Centre e.g. as follows (not limited to):

  1. Worship God

  2. Hear the Word of God

  3. Reach Out to Homeless

  4. Build Shower Rooms & Eat-in Kitchen

  5. Family Advice Centre for Widows

  6. Career Advice for Prison Leavers

  7. Support Centre for Cancer Patients

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Sri-Lanka Ministries

We speak weekly with Pastor Arul, who overseas the ministries we support in Sri Lanka. After much discussion and prayer, we have agreed to help the ministry in Sri Lanka build a church in a small village in Jaffna.

We continue to support widows and nursery kids.

In addition we also plan to help expand the current nursery and help the ministry in Sri Lanka start a new service at a small village called Poonhari; this will increase the number of churches we help support to four.

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BIRC Annual 2020 Summar y

Responsibilities Of Directors Under Com an Law p y

The directors 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).

Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the directors are required to:

  1. Select suitable accounting policies and apply them consistently;

  2. Observe the methods and principles in the Charities SORP;

  3. Make judgements and estimates that are reasonable and prudent;

  4. State whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

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

The directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the Directors and signed on their behalf by:

___________ Pirabakaran Karunakaran – director and trustee

Date:

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BIRC Annual 2020 Summar y

Contact Information

----- Start of picture text -----
Pastor Suganthini
Pastor Titus Pirabakaran
Pirabakaran
Senior Pastor & Trustee
BIRC Trustee
bethel-mc@hotmail.co.uk
Pastor Mr Thiakeswaran Pastor Arulsuthan
Ramalingam Balasundaram
BIRC Trustee BIRC Trustee
----- End of picture text -----

----- Start of picture text -----
Mrs Pooma Arulsuthan Miss Marilyn Pirabakaran
BIRC Trustee BIRC Administration
----- End of picture text -----

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

BETHEL INTERNATIONAL REVIVAL CHURCH LTD

('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 November 2020 on pages 15 to 24 following, which have been prepared on the basis of the accounting policies set out on pages 17 and 18.

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.

Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB

Date:

Page 14

BETHEL INTERNATIONAL REVIVAL CHURCH LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 NOVEMBER 2020

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Other trading activities
Investment income
Total income and endowments
EXPENDITURE ON:
Charitable activities:
4
Total expenditure
Net income/(expenditure)
Transfers between funds
10
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
10		 Unrestricted
Funds
£
69,847
-
6
69,853
57,816
57,816
12,037
(2,167)
9,870
32,347
42,217		 Restricted
Funds
£
15,617
-
7
15,624
11,667
11,667
3,957
2,167
6,124
13,448
19,572		 Total
Funds
2020
£
85,464
-
13
85,477
69,483
69,483
15,994
-
15,994
45,795
61,789		 Total
Funds
2019
£
117,291
640
11
117,942
104,711
104,711
13,231
-
13,231
32,564
45,795

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on pages 17 to 24 form part of these accounts.

Page 15

BETHEL INTERNATIONAL REVIVAL CHURCH LTD

BALANCE SHEET

AS AT 30 NOVEMBER 2020

Total Total
Unrestricted Restricted Funds Funds
Funds Funds 2020 2019
Note £ £ £ £
FIXED ASSETS
Tangible assets 6 300 - 300 600
CURRENT ASSETS
Debtors 7 13,351 - 13,351 18,950
Cash at bank and in hand 8 32,746 19,572 52,318 32,578
46,097 19,572 65,669 51,528
CREDITORS: Amounts falling
due within one year 9 4,180 - 4,180 6,333
Net current assets / (liabilities) 41,917 19,572 61,489 45,195
TOTAL NET ASSETS 42,217 19,572 61,789 45,795
FUND BALANCES 10
Unrestricted Funds
General funds 21,103 - 21,103 18,591
Designated funds 21,114 - 21,114 13,756
42,217 - 42,217 32,347
Restricted Funds - 19,572 19,572 13,448
42,217 19,572 61,789 45,795

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2020 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities for:

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors and were signed on its behalf by:

Pirabakaran Karunakaran

--------------------------------------Date

Company number: 06742022

Charity number: 1130950

The notes on pages 17 to 24 form part of these accounts.

Page 16

BETHEL INTERNATIONAL REVIVAL CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2020

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. On 3 February 2020 the charitable company changed its name from Bethel Missionary Church UK to Bethel International Revival Church Ltd.

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. In making this assessment the trustees have considered how Covid-19 might affect forecasts.

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 recoverable gift aid, which is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

b) Income continued

Income from charitable activities represents income receivable from goods and services and supplied in furtherance of the charity's charitable objects. It includes income from the church retreat.

Income from other trading activities represents income receivable from activities undertaken to generate funds for the charity.

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.

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BETHEL INTERNATIONAL REVIVAL CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2020

2 Accounting Policies continued

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.

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item 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:

Fixtures, fittings and equipment Over 3 to 7 years Motor vehicles Over 5 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 scheme arrangements

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. Creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive).

i) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

3 Donations and legacies

ations and legacies
General donations
Income tax recoverable
Government grants: Job Retention Scheme		 Unrestricted
Funds
£
45,527
9,801
14,519
69,847		 Restricted
Funds
£
15,617
-
-
15,617		 Total
2020
£
61,144
9,801
14,519
85,464		 Total
2019
£
99,818
17,473
-
117,291

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BETHEL INTERNATIONAL REVIVAL CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2020

4
Charitable expenditure
a
Costs incurred directly on specific activities
Employment costs
Venue hire
Motor and travelling costs
Visiting speakers
Church activities
Video, sound and small equipment
Depreciation
Grants payable (see note 4c)
b
Costs incurred on support & administration
Independent examiner's fee for
preparing and examining the accounts:
in respect of the year
in respect of the previous year
Telephone
Printing postage and stationery
Sundry expenses
Total expenditure		 Unrestricted
Funds
£
33,811
11,477
3,705
1,549
1,138
260
300
420
52,660
1,980
310
1,508
718
640
5,156
57,816		 Restricted
Funds
£
-
-
-
-
268
-
-
11,399
11,667
-
-
-
-
-
11,667		 Total
2020
£
33,811
11,477
3,705
1,549
1,406
260
300
11,819
64,327
1,980
310
1,508
718
640
5,156
69,483		 Total
2019
£
33,439
31,390
6,681
6,921
5,136
2,237
300
12,536
98,640
1,980
1,200
1,873
195
823
6,071
104,711
In addition to the fees payable for the preparation and examination of the accounts, the In addition to the fees payable for the preparation and examination of the accounts, the charity paid £640 (2019: £454
to Stewardship for payroll bureau services.
c Grants payable
Institutions Individuals 2020
£ £ £
Grants for overseas mission 100 7,599 7,699
Grants for the relief of poverty - 3,800 3,800
Grants for a variety of other charitable purposes 120 200 320
220 11,599 11,819
The comparatives for the previous year are as follows:
Institutions Individuals 2019
£ £ £
Grants for overseas mission - 9,581 9,581
Grants for the relief of poverty 2,100 700 2,800
Grants for a variety of other charitable purposes 155 - 155
2,255 10,281 12,536
The charity's principal grants to institutions comprised:
2020 2019
£ £
Canaan Fellowship International Church, Sri Lanka (for widows and orphans) - 2,100
Grants to institutions for less than £1,000 each 220 155
220 2,255

Page 19

BETHEL INTERNATIONAL REVIVAL CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2020

5 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses

Gross wages and salaries
Social security
Pension costs		 2020
£
32,606
229
976
33,811		 2019
£
32,407
167
865
33,439

The average monthly number of employees during the year was 1 (2019: 1). 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.

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

Mr P Karunakaran (a trustee)
following amounts were charged in the previous year:
Mr P Karunakaran (a trustee)		 Wages &
salaries
32,606
Wages &
salaries
32,407		 Employer
pension
contributions
976
Employer
pension
contributions
865		 2020
£
33,582
2019
£
33,272

The following amounts were charged in the previous year:

Mr P Karunakaran served as church leader and received the above payment for serving in that capacity, not for serving as a trustee; this payment is permitted by the charity's governing document.

6 Tangible fixed assets

Cost
At 1 December 2019
Additions
At 30 November 2020
Accumulated depreciation
At 1 December 2019
Charge for the year
At 30 November 2020
Net book value
At 30 November 2020
At 30 November 2019
Debtors
Tax recoverable
Other debtors		 Fixtures,
fittings and
equipment
£
7,228
-
7,228
7,228
-
7,228
-
-		 Motor
Vehicles
£
1,500
-
1,500
900
300
1,200
300
600
2020
£
9,082
4,269
13,351		 Total
2020
£
8,728
-
8,728
8,128
300
8,428
300
600
2019
£
17,650
1,300
18,950

7 Debtors

Page 20

BETHEL INTERNATIONAL REVIVAL CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2020

8 Cash at Bank and in Hand

Cash at bank
itors: liabilities falling due within one year
Accruals		 2020
£
52,318
52,318
2020
£
4,180
4,180		 2019
£
32,578
32,578
2019
£
6,333
6,333

9 Creditors: liabilities falling due within one year

10 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Events
Youth Ministry
Building Project
Emergency
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Overseas Mission Support
Building Project
Hardship
Youth Ministry
Events
Ministry
Aggregate of funds		 Opening
balance
2020
£
576
986
11,114
1,080
13,756
18,591
32,347
6,599
5,763
-
-
640
446
13,448
45,795		 Incoming
resources
2020
£
-
-
-
-
-
69,853
69,853
10,749
368
3,017
760
250
480
15,624
85,477		 Outgoing
resources
2020
£
-
-
-
-
-
(57,816)
(57,816)
(7,599)
-
(3,800)
(268)
-
-
(11,667)
(69,483)		 Transfers
in the year
2020
£
280
(172)
2,238
5,012
7,358
(9,525)
(2,167)
1,379
-
788
-
-
2,167
-		 Closing
balance
2020
£
856
814
13,352
6,092
21,114
21,103
42,217
11,128
6,131
5
492
890
926
19,572
61,789

During the year the trustees set aside a further £7,358 for a variety of projects by making a transfer for that amount from unrestricted general funds to unrestricted designated funds.

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Fixed assets
Debtors
Cash at bank and in hand
Current liabilities		 General
Designated
funds
funds
£
£
300
-
13,351
-
11,632
21,114
(4,180)
-
21,103
21,114
Unrestricted Funds		 Restricted
funds
£
-
-
19,572
-
19,572		 2020
£
300
13,351
52,318
(4,180)
General
funds
£
300
13,351
11,632
(4,180)
21,103
61,789

Page 21

BETHEL INTERNATIONAL REVIVAL CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2020

10 Funds continued

In the previous year the movements in the charity's funds were as follows:

Designated Funds
Events
Youth Ministry
Building Project
Emergency
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Overseas Mission Support
Building Project
Hardship
Youth Ministry
Events
Ministry
Aggregate of funds		 Opening
balance
2019
£
16
201
7,400
-
7,617
19,427
27,044
349
4,810
-
361
-
-
5,520
32,564		 Incoming
resources
2019
£
-
-
-
-
-
98,033
98,033
16,638
953
700
515
640
463
19,909
117,942		 Outgoing
resources
2019
£
-
-
-
-
-
(92,730)
(92,730)
(10,388)
-
(700)
(876)
-
(17)
(11,981)
(104,711)		 Transfers
in the year
2019
£
560
785
3,714
1,080
6,139
(6,139)
-
-
-
-
-
-
-
-
-		 Closing
balance
2019
£
576
986
11,114
1,080
13,756
18,591
32,347
6,599
5,763
-
-
640
446
13,448
45,795

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Fixed assets
Debtors
Cash at bank and in hand
Current liabilities		 General
Designated
funds
funds
£
£
600
-
18,950
-
5,374
13,756
(6,333)
-
18,591
13,756
Unrestricted Funds		 Restricted
funds
£
-
-
13,448
-
13,448		 2019
£
600
18,950
32,578
(6,333)
General
funds
£
600
18,950
5,374
(6,333)
18,591
45,795

Designated Funds

Events : represents funds set aside to spend on future events. Youth Ministry : represents funds set aside for youth ministry Building Project: represents funds set aside for a building for the church.

Emergency Fund: represents funds set aside for unforeseen expenditure.

Restricted Funds

Overseas Mission Support : was created from donations received to help support nursery workers, church pastors and contribute to church building projects in Sri Lanka.

Building Project: was created from donations received to help fund a building for the church.

Hardship : was created from donations received to help those in financial need; this year the donations received were used to help the poor in Sri Lanka

Youth Minstry : was created from donations received to help fund the church's ministry with children and young people.

Events : was created from donations received to help met the cost of future events.

Ministry : was created from donations received to help pay for materials used by various ministries.

Page 22

BETHEL INTERNATIONAL REVIVAL CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2020

11 Transactions with related parties During the year the charity:

Except for the reimbursement of expenses incurred when acting as agent for the charity or incurred when undertaking employment duties not connected with serving as a trustee, no expenses were paid to (or for) the trustees (2019: £nil).

Except as disclosed in note 5 'Analysis of staff costs', there have been no other transactions with related parties during the year.

12 Members

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

Page 23

BETHEL INTERNATIONAL REVIVAL CHURCH LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 30 NOVEMBER 2020

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
Other trading activities
Investments
Total income and endowments
EXPENDITURE ON:
Charitable activities:
4
Total Expenditure
Net income/(expenditure)
Transfers between funds
10
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
10		 Unrestricted
General
Funds
2020
£
69,847
-
-
6
69,853
57,816
57,816
12,037
(9,525)
2,512
18,591
21,103		 Unrestricted
Designated
Funds
2020
£
-
-
-
-
-
-
-
-
7,358
7,358
13,756
21,114		 Restricted
Funds
2020
£
15,617
-
-
7
15,624
11,667
11,667
3,957
2,167
6,124
13,448
19,572		 Total
Funds
2020
£
85,464
-
-
13
85,477
69,483
69,483
15,994
-
15,994
45,795
61,789		 Unrestricted
General
Funds
2019
£
98,032
-
-
1
98,033
92,730
92,730
5,303
(6,139)
(836)
19,427
18,591		 Unrestricted
Designated
Funds
2019
£
-
-
-
-
-
-
-
-
6,139
6,139
7,617
13,756		 Restricted
Funds
2019
£
19,259
-
640
10
19,909
11,981
11,981
7,928
-
7,928
5,520
13,448		 Total
Funds
2019
£
117,291
-
640
11
117,942
104,711
104,711
13,231
-
13,231
32,564
45,795

Page 24