2024-09-30-accounts - Bethel Ministries Telugu Church

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BETHEL MINISTRIES TELUGU CHURCH

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30[TH] SEPTEMBER 2024

CHARITY NUMBER : 1135598

BETHEL MINISTRIES TELUGU CHURCH 43 PETREL WAY CHELMSFORD CM2 8XH

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 2024

ADDRESS FOR CORRESPONDENCE

43 PETREL WAY CHELMSFORD CM2 8XH

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

BETHEL MINISTRIES TELUGU CHURCH TRUSTEES’ REPORT YEAR ENDED 30[th] September 2024

The trustees are pleased to present their report for the year ended 30[th] September 2024 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: 43 Petrel Way

Chelmsford

CM2 8XH

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 3 locations, one in East ham, one in Chelmsford and another in Deptford. This has resulted in an increase of the membership of the congregation over the financial year.

FINANCIAL REVIEW

The income of the charity is above £120,000. 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 2 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 the church ministry in India.

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:

Select suitable accounting policies and apply them consistently.
Make judgements and estimates that are reasonable and prudent.
State whether the applicable accounting standards have been followed.
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 17[th ] October 2024 and signed on their behalf by:

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 2024 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 :

Examine the accounts under section 145 of the 2011 Act.
Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
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;

(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
proper accounting records are kept( in accordance with section 130 of the 2011 Act
accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
(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

BETHEL MINISTRIES TELUGU CHURCH

ACCOUNTS FOR THE YEAR ENDED 30th September 2024

1. Receipts & Payments Account(General Purpose Fund) Income Receipts 2024/£ Donations 106816 Gift Aid 18940 Interest 111 Other Income 0 Total Receipts 125867 Direct Charitable Expenditure Pension 798 Admin 1290 Travel 6040 Insurance 1515 Rent of Hall 8016 Tel/Internet 724 Employees' wages 34432 Bank charges 230 Mission expenses 16100 Church events 8088 Charity donation 130 Welfare 2277 Admin services 947 Accounting services 905 Outreach costs 1130 Refreshments 1214 Stationary & Printing 316 Admin supplies 513 Office rent 4800 Visiting speakers expenses 2046 91511 Other Expenditure Vehicle expenses 20454 Professional fees 7700 Instruments & Equipment 1987 PAYE Tax 2977 33118 Total Payments 124629 Net Receipts/ (Payments) for the year 1238 Loan repayment -3194 Cash Funds at start of year 11549 Cash Funds at end of year 9593	2023/£ 78070 13862 70 0
	92002
	798 1096 8453 1606 6992 650 34417 207 12212 3741 120 1542 972 330 1740 1113 50 306 1500 420
	78265 2670 0 385 1867
	4922
	83187 8815 -15195 17929
	11549

BETHEL MINISTRIES TELUGU CHURCH

Statement of Assets and Liabilities at 30th September 2024

Cash Funds HSBC Bank Cash Funds Other Cash Funds Debtors Total Assets Retained for the Charity's Own use Musical Instruments Equipment Fixtures & Fittings Liabilities Accounting Fee Bounce Back Loan Loan NET ASSETS	2024 2023 Unresticted Funds £ £ 4593 3682 _____ 4593 3682 5000 7867
	9593 11549 1420 1016 5313 5413 299 374
	7032 6803 480 400 6432 7915 3200 4000
	6513 6037

Approved by the Trustees and signed on their behalf:

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.