BETHEL MINISTRIES TELUGU CHURCH
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30[TH] SEPTEMBER 2022
CHARITY NUMBER : 1135598
BETHEL MINISTRIES TELUGU CHURCH 2 LUCAS AVENUE CHELMSFORD CM2 9JJ
INDEX Page Legal & Administrative Details 1 Trustees’ Report 2- 3 Independent Examiner’s Report 4 Receipts and Payments Account 5 Statement of Assets and Liabilities 6 Notes on the financial Statements 7
BETHEL MINISTRIES TELUGU CHURCH
LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 30[TH] SEPTEMBER 2022
ADDRESS FOR CORRESPONDENCE
2 LUCAS AVENUE CHELMSFORD CM2 9JJ
REGISTERED CHARITY NUMBER
1135598
GOVERNING DOCUMENT
DECLARATION OF TRUST 1[ST] February 2010.
TRUSTEES/ DIRECTORS
Mr SUKESH BABU PANDI Mrs PRIYATHA BETHAPUDI Rev SALOMI SUKESH PANDI
PRINCIPAL BANKERS
HSBC BANK PLC 165 FLEET STREET LONDON EC4A 2DY
INDEPENDENT EXAMINER
FRESH FIRE ORGANISATION GENERATOR BUSINESS CENTRE 95 MILES ROAD MITCHAM CR4 3FH
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BETHEL MINISTRIES TELUGU CHURCH TRUSTEES’ REPORT YEAR ENDED 30[th] September 2022
The trustees are pleased to present their report for the year ended 30[th] September 2022 for the charity, Bethel Ministries Telugu Church with Charity Number 1135598.
The Trustees of the charity are: Ms Priyatha Bthapudi Mr Sukesh Babu Pandi Rev Salomi Sukesh Pandi
The principal address of the charity is: 2 Lucas Avenue Chelmsford CM2 9JJ
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a trust deed that was dated on 1[st] February 2010.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organisation are to advance the Christian Religion [in accordance with the Statement of faith] throughout the world as the trustees may see fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organisation continues to hold successful services through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The church also held its services in 2 locations, one in East ham and another in Chelmsford. This has resulted in an increase of the membership of the congregation over the financial year. The church covered the food provisions for those in hardship during the financial year in the community due to the pandemic.
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FINANCIAL REVIEW
The income of the charity is above £75,000. The costs have been managed over this period. The charity is in a good position to develop itself in the community. Most of the expenses was for the hiring of the church worship services, the wages for 3 employees and hosting Christian worship events. The organisation also continues to run a workplace pension with NEST for its employee. Added expenses included support for those in need during the pandemic and a television ministry.
RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure .This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
RISK MANAGEMENT
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 26[th ] October 2022 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees BETHEL MINISTRIES TELUGU CHURCH
I report on the accounts of the church for the year ended 30[th ] September 2022 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner
The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :
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Examine the accounts under section 145 of the 2011 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
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State whether particular matters have come to my attention.
Basis of Independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention;
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(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept( in accordance with section 130 of the 2011 Act
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
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(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Chuks Ajuka BSc(Man), FICB PM.Dip FRESH FIRE ORGANISATION Generator Business Centre 95 Miles road Mitcham Surrey CR4 3FH
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BETHEL MINISTRIES TELUGU CHURCH
ACCOUNTS FOR THE YEAR ENDED 30th September 2022
| 1. Receipts & Payments Account(General Purpose Fund) Income Receipts 2022/£ Donations 61431 Gift Aid 8385 Interest 3 Other Income 5300 Total Receipts 75119 Direct Charitable Expenditure Pension 798 Admin 0 Travel 2313 Insurance 435 Rent of Hall 4058 Tel/Internet 662 Employees' wages 37211 Bank charges 94 Mission expenses 7761 Church events 300 Charity donation 434 Welfare 632 Admin services 586 Accounting services 740 Outreach costs 644 Refreshments 2600 Stationary & Printing 150 Television programme 0 Office rent 1500 Visiting speakers expenses 420 61338 Other Expenditure Vehicle expenses 2550 Fixtures & fittings 0 Instruments & Equipment 2220 PAYE Tax 5457 10227 Total Payments 71565 Net Receipts/ (Payments) for the year 3554 Loan repayment -6695 Cash Funds at start of year 21070 Cash Funds at end of year 17929 |
2021/£ 37836 10204 35897 |
|---|---|
| 83937 | |
| 798 1067 1094 998 228 817 40574 0 3000 0 2208 120 720 1020 0 116 25 12910 0 529 |
|
| 66224 2550 0 2598 3576 |
|
| 8724 | |
| 74948 8989 -1065 21070 |
|
| 28994 |
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BETHEL MINISTRIES TELUGU CHURCH
Statement of Assets and Liabilities at 30th September 2022
| Statement of Assets and Liabilities at 3 | 0th September 2022 | |
|---|---|---|
| 2022 | 2021 | |
| Cash Funds | Unresticted | |
| Funds £ £ | ||
| HSBC Bank | 10062 | 15994 |
| _____ | ||
| Cash Funds | 10062 | 15994 |
| Other Cash Funds | ||
| Debtors | 7867 | 13000 |
| Total | 17929 | 28994 |
| Assets Retained for the | ||
| Charity's Own use | ||
| Musical Instruments | 885 | 1106 |
| Equipment | 6766 | 6238 |
| Fixtures & Fittings | 467 | 584 |
| 8118 | 7928 | |
| Liabilities | ||
| Accounting Fee | 360 | 300 |
| Bounce Back Loan | 11148 | 8935 |
| NET ASSETS | 14539 | 27687 |
Approved by the Trustees and signed on their behalf:
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BETHEL MINISTRIES TELUGU CHURCH
ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared on the receipts and payments basis under Charities Act 2011
Funds
Unrestricted funds are those which can be used at the Trustees' discretion. Restricted Funds are those whose purposes have been restricted by the donor.
Salary
The church had 3 employees during the financial year. All other work done was undertaken by volunteers who were members of the church. No employee earned more than £30,000 in the financial year.
Depreciation
Depreciation is calculated at 20 % reducing balance method
Trustee Remuneration
Rev Salomi Pandi was paid £11040 for services rendered to the charity as a Pastor.
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