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2022-11-30-accounts

BIRC

Annual Report YEAR ENDED 30 NOVEMBER 2022

“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

BIRC Annual 2022 Summary 1
Financial Review & Reserves Policy 4
UK Ministries Overview 5
Sunday School – Kingdom Kids 7
Youth Ministry 8
TIME 2 BUILD 9
Sri-Lanka Ministries 10
Responsibilities of directors under company Law 11
Contact Information 12
Independent Examiner's Report 13
Statement of Financial Activities 14
Balance Sheet 15
Notes to the Accounts 16
Detailed Statement of Financial Activities With Comparatives 23

Pg. 1

BIRC Annual 2022 Summar y

Annual 2022 Summar y

Administrative Information

Bethel International Revival Church UK (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 Mr Arulsuthan Balasundaram Mrs Pooma Arulsuthan Key Staff: Mr Pirabakaran Karunakaran (Senior Pastor) Company Registration no: 06742022 Charity Registration no: 1130950 Governing instrument: Memorandum and Articles of Association dated 14 December 2008 Independent Examiner: Ajay Rajani FCIE, Stewardship, 1 Lamb’s Passage, London EC1Y 8AB Bankers: Lloyds

Pg. 2

BIRC Annual 2022 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.

Pg. 3

BIRC Annual 2022 Summar y

Operating Highlights

United Kingdom

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

Sri-Lanka

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

We continue to expand in different areas of Sri Lanka such as Jaffna, building a community center that serves as a middle ground for professionals and lowincome families to come together to build the community around them. Bethel has continued to support the building work.

Pg. 4

BIRC Annual 2022 Summar y

Financial Review & Reserves Polic y

Financial Review

Income increased by £7,484 to £71,023. This was largely due to an increase in income from donations and related gift aid; the increase was partly offset by the absence of any grant income this year from the Government’s Job Retention Scheme.

Expenditure increased by £23,072 to £85,741. This was largely due to an increase in payments for the hire of venues following the resumption of in person Sunday services and an increase in grant payments (largely to support ministries operating in Sri Lanka).

As a result the charity has reported a deficit this year of £14,718 (2021: a surplus of £870) and the charity’s net assets have decreased by £14,718 to £47,941. Net assets includes cash of £33,856, of which £23,253 is unrestricted.

Reserves Policy

The Board of Directors have established a policy whereby the unrestricted cash held by the charity should be maintained at between 2 and 6 months of usual expenditure, which equates to reserves between £15,000 and £45,000. At the year-end, the charity held unrestricted cash of £23,253 and the charity is complying with its reserves policy.

Pg. 5

BIRC Annual 2022 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 activities for the year takes place under the leadership of our Pastor K Pirabakaran and consideration given to Charity Commissions guidance on public benefit and, in particular, the specific 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.

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

Pg. 6

BIRC Annual 2022 Summar y

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

Highlights of this year

Pg. 7

BIRC Annual 2022 Summar y

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 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).

Our Events (Manchester, Northolt & Mitcham)

Pg. 8

BIRC Annual 2022 Summar y

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 2022

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

Pg. 9

BIRC Annual 2022 Summar y

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

Pg. 10 BIRC Annual 2022 Summary

Sri-Lanka Ministr y

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.

Other De artment Hi hli hts p g g

Pg. 11 BIRC Annual 2022 Summary

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:

26/11/2023 ____ __ Pirabakaran Karunakaran – director and trustee Date

Pg. 12 BIRC Annual 2022 Summary

Contact Information

----- Start of picture text -----
Pastor Titus
Pirabakaran Pastor Suganthini
Pirabakaran
Senior Pastor & Trustee
BIRC Trustee
bethel-mc@hotmail.co.uk
Pastor Mr
Thiakeswaran Pastor Arulsuthan
Ramalingam Balasundaram
BIRC Trustee BIRC Trustee
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 2022 on pages 14 to 23 following, which have been prepared on the basis of the accounting policies set out on pages 16 and 17.

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: 27 November 2023

Page 13

BETHEL INTERNATIONAL REVIVAL CHURCH LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 NOVEMBER 2022

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
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
£
64,719
5
64,724
70,978
70,978
(6,254)
206
(6,048)
43,385
37,338		 Restricted
Funds
£
6,295
4
6,299
14,763
14,763
(8,464)
(206)
(8,670)
19,274
10,603		 Total
Funds
2021
£
71,014
9
71,023
85,741
85,741
(14,718)
-
(14,718)
62,659
47,941		 Total
Funds
2020
£
63,535
4
63,539
62,669
62,669
870
-
870
61,789
62,659

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 16 to 23 form part of these accounts.

Page 14

BETHEL INTERNATIONAL REVIVAL CHURCH LTD

BALANCE SHEET

AS AT 30 NOVEMBER 2022

Note
FIXED ASSETS
Tangible assets
6
CURRENT ASSETS
Debtors
7
Cash at bank and in hand
8
CREDITORS: Amounts falling
due within one year
9
Net current assets / (liabilities)
TOTAL NET ASSETS
FUND BALANCES
10
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
1,595
17,000
23,253
40,253
4,510
35,743
37,338
14,248
23,090
37,338
-
37,338		 Restricted
Funds
£
-
-
10,603
10,603
-
10,603
10,603
-
-
-
10,603
10,603		 Total
Funds
2021
£
1,595
17,000
33,856
50,856
4,510
46,346
47,941
14,248
23,090
37,338
10,603
47,941		 Total
Funds
2020
£
-
17,362
50,055
67,417
4,758
62,659
62,659
23,307
20,078
43,385
19,274
62,659

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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:

26/11/2023 ----------------------------------------------------------------------------Pirabakaran Karunakaran Date

Company number: 06742022 Charity number: 1130950

The notes on pages 16 to 23 form part of these accounts.

Page 15

BETHEL INTERNATIONAL REVIVAL CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 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 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.

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.

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.

Page 16

BETHEL INTERNATIONAL REVIVAL CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

2 Accounting Policies continued

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.

j) Critical accounting estimates and areas of judgement

The trustees do not consider that there any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

3 Donations and legacies

ations and legacies
General donations
Income tax recoverable
Government grants: Job Retention Scheme		 Unrestricted
Funds
£
55,297
9,422
-
64,719		 Restricted
Funds
£
6,295
-
-
6,295		 Total
2022
£
61,592
9,422
-
71,014		 Total
2021
£
51,112
7,000
5,423
63,535

Page 17

BETHEL INTERNATIONAL REVIVAL CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

4
Charitable expenditure
Unrestricted
Funds
£
a
Costs incurred directly on specific activities
Employment costs
33,512
Venue and office hire
19,503
Motor and travelling costs
3,299
Visiting speakers
1,250
Church activities
3,279
Video, sound and small equipment
323
Depreciation
798
Grants payable (see note 4c)
3,462
65,426
b
Costs incurred on support & administration
Independent examiner's fee for
preparing and examining the accounts
2,058
Communications
1,140
Administrative expenses
1,828
Legal and professional fees
526
5,552
Total expenditure
70,978
c
Grants payable
Grants for UK and overseas mission
Grants for the relief of poverty
Grants for a variety of other charitable purposes
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants for the relief of poverty
Grants for a variety of other charitable purposes
The charity's principal grants to institutions comprised:
Churches United Fellowship
Grants to institutions for less than £1,000 each
In addition to the fees payable for the preparation and examination of
£697) to Stewardship for payroll bureau services.		 Restricted
Total
Total
Funds
2022
2021
£
£
£
-
33,512
33,512
-
19,503
10,450
-
3,299
1,388
-
1,250
-
885
4,164
2,024
678
1,001
1,468
-
798
300
13,200
16,662
8,287
14,763
80,189
57,429
-
2,058
1,980
-
1,140
1,102
-
1,828
1,461
-
526
697
-
5,552
5,240
14,763
85,741
62,669
Institutions
Individuals
2022
£
£
£
210
13,254
13,464
-
3,078
3,078
120
-
120
330
16,332
16,662
Institutions
Individuals
2021
£
£
£
1,625
5,087
6,712
35
1,000
1,035
120
420
540
1,780
6,507
8,287
2022
2021
£
£
210
1,625
120
155
330
1,780
the accounts, the charity paid £697 (2021:		 Total
2021
£
33,512
10,450
1,388
-
2,024
1,468
300
8,287
57,429
1,980
1,102
1,461
697
5,240
62,669
16,662
2021
£
6,712
1,035
540
8,287
2021
£
1,625
155
1,780

Page 18

BETHEL INTERNATIONAL REVIVAL CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

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

Gross wages and salaries
Social security
Pension costs		 2022
£
32,536
-
976
33,512		 2021
£
32,606
229
976
33,811

The average monthly number of employees during the year was 1 (2021: 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
32,536
Wages &
salaries
32,536		 Employer
pension
contributions
976
Employer
pension
contributions
976		 2022
£
33,512
2021
£
33,512

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 2021
Additions
At 30 November 2022
Accumulated depreciation
At 1 December 2021
Charge for the year
At 30 November 2022
Net book value
At 30 November 2022
At 30 November 2021
Debtors
Gift aid recoverable
Other debtors		 Fixtures,
fittings and
equipment
£
7,228
2,393
9,621
7,228
798
8,026
1,595
-		 Motor
Vehicles
£
1,500
-
1,500
1,500
-
1,500
-
-
2022
£
17,000
-
17,000		 Total
2022
£
8,728
2,393
11,121
8,728
798
9,526
1,595
-
2021
£
16,082
1,280
17,362

Page 19

BETHEL INTERNATIONAL REVIVAL CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

8 Cash at Bank and in Hand

Cash at bank
itors: liabilities falling due within one year
Other creditors
Accruals		 2022
£
33,856
33,856
2022
£
-
4,510
4,510		 2021
£
50,055
50,055
2021
£
798
3,960
4,758

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
Mission Support
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Overseas Mission Support
Building Project
Hardship
Youth Ministry
Events
Ministry
Aggregate of funds		 Opening
balance
2022
£
976
541
13,472
5,007
82
20,078
23,307
43,385
10,675
6,193
263
326
891
926
19,274
62,659		 Incoming
resources
2022
£
-
-
4
1
-
5
64,719
64,724
2,356
62
1,475
255
150
2,000
6,299
71,023		 Outgoing
resources
2022
£
-
-
-
-
-
-
(70,978)
(70,978)
(11,704)
-
(1,496)
(56)
(579)
(929)
(14,763)
(85,741)		 Transfers
in the year
2022
£
(456)
(30)
2,620
772
100
3,006
(2,800)
206
645
-
135
(987)
(206)
-		 Closing
balance
2022
£
521
511
16,096
5,780
182
23,090
14,248
37,338
1,972
6,255
378
525
463
1,011
10,603
47,941

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
£
£
1,595
-
17,000
-
162
23,090
(4,510)
-
14,248
23,090
Unrestricted Funds		 Restricted
funds
£
-
-
10,603
-
10,603		 2022
£
1,595
17,000
33,856
(4,510)
General
funds
£
1,595
17,000
162
(4,510)
14,248
47,941

Page 20

BETHEL INTERNATIONAL REVIVAL CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

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
Mission Support
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Overseas Mission Support
Building Project
Hardship
Youth Ministry
Events
Ministry
Aggregate of funds		 Opening
balance
2021
£
856
814
13,352
6,092
-
21,114
21,103
42,217
11,128
6,131
5
492
890
926
19,572
61,789		 Incoming
resources
2021
£
-
-
-
-
-
-
58,932
58,932
3,196
62
1,108
240
1
-
4,607
63,539		 Outgoing
resources
2021
£
-
-
-
-
-
-
(56,326)
(56,326)
(5,087)
-
(850)
(406)
-
-
(6,343)
(62,669)		 Transfers
in the year
2021
£
120
(273)
120
(1,085)
82
(1,036)
(403)
(1,438)
1,438
-
-
-
-
-
1,438
-		 Closing
balance
2021
£
976
541
13,472
5,007
82
20,078
23,307
43,385
10,675
6,193
263
326
891
926
19,274
62,659

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
£
£
-
-
17,362
-
10,702
20,078
(4,758)
-
23,307
20,078
Unrestricted Funds		 Restricted
funds
£
-
-
19,274
-
19,274		 2021
£
-
17,362
50,055
(4,758)
General
funds
£
-
17,362
10,702
(4,758)
23,307
62,659

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: represents funds set aside for unforeseen expenditure.

Mission Support: represents fund set aside by the trustees to help support mission.

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 Ministry : 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 21

BETHEL INTERNATIONAL REVIVAL CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

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 (2021: £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 £1.

Page 22

BETHEL INTERNATIONAL REVIVAL CHURCH LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 30 NOVEMBER 2022

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
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
2022
£
64,719
-
64,719
70,978
70,978
(6,259)
(2,800)
(9,059)
23,307
14,248		 Unrestricted
Designated
Funds
2022
£
-
5
5
-
-
5
3,006
3,012
20,078
23,090		 Restricted
Funds
2022
£
6,295
4
6,299
14,763
14,763
(8,464)
(206)
(8,670)
19,274
10,603		 Total
Funds
2022
£
71,014
9
71,023
85,741
85,741
(14,718)
-
(14,718)
62,659
47,941		 Unrestricted
General
Funds
2021
£
58,932
-
58,932
56,326
56,326
2,606
(403)
2,203
21,103
23,307		 Unrestricted
Designated
Funds
2021
£
-
-
-
-
-
-
(1,036)
(1,036)
21,114
20,078		 Restricted
Funds
2021
£
4,603
4
4,607
6,343
6,343
(1,736)
1,438
(299)
19,572
19,274		 Total
Funds
2021
£
63,535
4
63,539
62,669
62,669
870
-
870
61,789
62,659

Page 23