OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

DocuSign Envelope ID: 99B0B579-FC3C-4A45-A2D7-2602570C674E

BETHEL EVANGELICAL FREE CHURCH

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2022

REGISTERED CHARITY NUMBER: 1135831

Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics LE11 5XR

Tel: 01509 214163

DocuSign Envelope ID: 99B0B579-FC3C-4A45-A2D7-2602570C674E

BETHEL EVANGELICAL FREE CHURCH

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

CONTENTS

1 - 4 Report of the Church officers
5 Independent Examiners’ Report
6 Statement of Receipts and Payments
7 Statement of Assets and Liabilities
8 - 10 Notes forming part of the financial statements.

DocuSign Envelope ID: 99B0B579-FC3C-4A45-A2D7-2602570C674E

- 1 -

BETHEL EVANGELICAL FREE CHURCH

REPORT OF THE OFFICERS FOR THE YEAR ENDED 31 DECEMBER 2022

The officers present their report along with the financial statements of the charity for the year ended 31 December 2022. The financial statements have been prepared in accordance with the accounting policies set out on page 8 and comply with the Church’s trust deed and applicable law.

REFERENCE AND ADMINISTRATIVE DETAILS:

Inland Revenue Charity Ref: XN 26557

Charity Number: 1135831

Holding Trustees:

A Davis D Eagles W Easton P Harrison

Church Elders:

Rev D Eagles (Pastor) A Davis W Easton P Harrison

Church Deacons:

Ivan Timson (appointed 14[th] June 2022)

Church Premises:

Burleigh Avenue, Wigston, Leicester, LE18 1FH

Independent Examiners:

Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics, LE11 5XR

Bankers:

NatWest plc

DocuSign Envelope ID: 99B0B579-FC3C-4A45-A2D7-2602570C674E

- 2 -

BETHEL EVANGELICAL FREE CHURCH

REPORT OF THE OFFICERS FOR THE YEAR ENDED 31 DECEMBER 2022

STRUCTURE GOVERNANCE AND MANAGEMENT

Until 2010, the Church was constituted under a trust deed dated 9 December 1981, and was an “excepted" charity by virtue of its affiliation to the Fellowship of Independent Evangelical Churches. However, in order to comply with the Charities Act 2006, a new Constitution dated 9 March 2011 using an approved governing document issued by the Fellowship of Independent Evangelical Churches has been adopted and the Church has become a “Registered Charity”.

Appointment of Trustees

In accordance with the constitution, the Managing Trustees comprise those persons appointed as Pastors, Elders and Deacons. There is provision for a minimum of three trustees at any one time. A number of Holding Trustees are appointed from amongst the Managing Trustees to take responsibility for the Church buildings and property.

Trustee Induction and Training

As trustees are drawn solely from the ranks of Church Elders and Deacons, they are already very familiar with the workings of the Church. As such, no specific formal training is given to new trustees, although they are briefed to ensure that they are aware of their responsibilities and duties as trustees.

Organisation

The Holding Trustees and officers who have served during the year and since the year-end are set out on page l. Pastors, Elders and Deacons are Managing Trustees and must all be in full agreement with the Church's doctrinal basis and “Church Matters” policy document:

Pastor: The appointment of a Pastor shall be by the unanimous recommendation of the Elders and Deacons and by the wholehearted spiritual witness of the Church Members’ Meeting, evidenced by the wholehearted approval of at least three quarters of those present at the Church Members’ Meeting.

Elders: Recognising the biblical pattern, the existing Elders are to be the ones who normally identify new Elders, with the membership being invited to give their wholehearted agreement (Titus 1:5) at the Church Members’ Meeting, evidenced by the approval of at least three quarters of those present at the Church Members’ Meeting.

Deacons: Following the biblical pattern, Deacons shall be adult members who conform to the scriptural qualifications (1Tim 3:8-10, 12 and 13 Acts 6:3). Church members will give recommendations to the Elders and Deacons for their consideration. The Elders and Deacons will bring persons with their consent to the membership for their wholehearted agreement at a Church Members’ Meeting, evidenced by the approval of at least three quarters of those present at the Church Members’ Meeting.

The Pastors, Elders and Deacons shall normally serve without time limit up to the age of seventy, unless removed from office. However, Church Officers may be requested to continue in their office past this age, by the agreement of the other Church Officers and with an annual review. The following considerations should be taken into account when agreeing to continuation in office: health, gifts, mental capacity and the individual’s personal circumstances. A Pastor, Elder or Deacon may voluntarily resign by submitting in writing a letter to that effect to the remaining Church Officers. The Pastor will normally retire from office at the statutory retirement age.

Missionary Support Policy

The Church has continued to support several missionaries, both in the UK and Overseas, through discretionary support and designated gifts. Often, those supported have been sent out from Bethel to their new work and/or previously worked or served at Bethel Church.

DocuSign Envelope ID: 99B0B579-FC3C-4A45-A2D7-2602570C674E

- 3 -

BETHEL EVANGELICAL FREE CHURCH

REPORT OF THE OFFICERS FOR THE YEAR ENDED 31 DECEMBER 2022

OBJECTIVES AND ACTIVITIES

The purposes of the Church shall be:

The trustees confirm that they have referred to the Charity Commissions guidance on public benefit when reviewing the Charity’s aims and objectives in planning future activities and policies.

ACHIEVEMENTS AND PERFORMANCE

In common with most of the country, the restrictions imposed on meeting together during the UK Covid outbreak have long since ended and all of the Church Sunday and midweek meetings are now held in person and all other groups are again operational. The service is also still available online or via DVD, for those who still cannot attend in person..

The Church generally holds one service on a Sunday, as well as mid-week and ad-hoc meetings to teach the Christian faith and to provide opportunities for worship. In addition, the Church hosts activities for all ages, from tots and parents, through children, boys, girls, teenagers, young adults, ladies, men and senior citizens, which combine social activities with opportunities for teaching. The Church also arranges outreach events to raise awareness of the local Church in particular and the Christian faith in general. All the above activities and meetings are open to society in general and are not restricted to members of the Church.

Specific activities for children and young people include weekly Kids at the Corner and Youth Meetings, as well as special opportunities such as an Easter Children’s Holiday Club, and the Bible Exhibition for local schools, as well as the Christmas Carols by Candlelight service.

“The Corner” coffee area and refurbished church hall are now used widely by the Church, and also to provide an open door to the local community. This now hosts three regular sessions, Community Night (held on Monday evening) “Warm Place” (held on Wednesday Morning) and Friendship Café (held on Thursday morning), which are very well attended.

FINANCIAL REVIEW

Income received during the year totalled £66,773, principally from donations to the Church, and was lower than the corresponding amount received in 2021 (£96,835). The reduction from 2021 to 2022 was mainly due to a planned reduction in special giving for the General Fund (£30,000) and for the Building Fund (£14,189), partly offset by higher regular, designated gifts and insurance claim receipts.

Total payments during the year were £78,602, which was higher than the expenditure in 2021 (£62,403). The 2022 expenditure included a church building and refurbishment costs of £6,602 (2021: £13,830) and some special redecoration/refurbishment costs of the upper hall, following a water leak, of £11,633. The “normal” 2022 expenditure of £60,368 is higher than the equivalent 2021 figure of £48,573 due to a higher level of designated gifts paid out and also a higher level of expenditure on replacement equipment and on general running costs as the Church returned to pre-Covid activity levels. Overall, this meant that the Church reported a deficit for the year of £11,829 (2021: surplus of £34,432).

DocuSign Envelope ID: 99B0B579-FC3C-4A45-A2D7-2602570C674E

- 4 -

BETHEL EVANGELICAL FREE CHURCH

REPORT OF THE OFFICERS FOR THE YEAR ENDED 31 DECEMBER 2022

RESERVES POLICY

Reserves are set aside to respond to any unforeseen funding difficulties. The Church officers produce a budget each year to forecast the amount of income that the Church expects to receive. Based on this, the Church will plan its expenditure for the future year, so that it keeps normal expenditure pegged to slightly below the level of income.

The overall budget is reviewed during the year at Church officer meetings to ensure that the Church can achieve its targets regarding planned expenditure and make any adjustments as necessary to keep within it.

RISK MANAGEMENT

The officers have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.

Trustees’ responsibilities in relation to the financial statements

The laws applicable to charities in England and Wales require the officers to prepare financial statements for each financial year which give a true and fair view of the Church’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the officers are required to:

The officers are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the Church and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees and church officers on 20 June 2023 and signed on their behalf by:

………………………………………. A Davis Treasurer

DocuSign Envelope ID: 99B0B579-FC3C-4A45-A2D7-2602570C674E

- 5 -

INDEPENDENT EXAMINERS’ REPORT TO THE OFFICERS OF

BETHEL EVANGELICAL FREE CHURCH

I report on the accounts of the Church for the year ended 31 December 2022, which are set out on pages 6 to 10

Respective responsibilities of the Church officers and examiners

The Church officers are responsible for the preparation of the accounts. The Church officers consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiners’ 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 officers concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

Independent examiners’ statement

In connection with my examination, no matter has come to my attention:

have not been met; or

D R Gradon Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics, LE11 5XR 20 June 2023

DocuSign Envelope ID: 99B0B579-FC3C-4A45-A2D7-2602570C674E

- 6 -

BETHEL EVANGELICAL FREE CHURCH

STATEMENT OF RECEIPTS AND PAYMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

Receipts:
Donations and legacies
Charitable activities:
Use of Church facilities
Other income
Investment income
Insurance claim
Payments:
Charitable activities:
Pastoral ministry
Evangelism and outreach
Establishment costs
Gifts
Total Payments
Net receipts/(payments)
Transfers
Surplus/(deficit) for the year
Bank balances at 1 January 2022
Surplus/(deficit) for the year
Bank balances at 31 December 2022		 2022
2022
Other
2022
Designated
Designated
General
Building
2022
Notes
Funds
Funds
Funds
Total
3405
53630
1475
58510
-
-
-
-
-
-
-
-
-
53
-
53
-
8210
-
8210
_


_
3405
61893
1475
66773


_

2
-
38463
-
38463
3
-
2439
-
2439
4
-
27368
6602
33970
3730
-
-
3730

_


3730
68270
6602
78602
_


_
(325)
(6377)
(5127)
(11829)
325
236
(561)
-


_

-
(6141)
(5688)
(11829)

_


-
74651
5688
80339
-
(6141)
(5688)
(11829)
_


_
-
68510
-
68510


_
___		 2021
Total
94491
-
2344
-
-
_
96835
___		 2021
Total
37441
170
24792
-
_
62403
___
34432
-
_
34432
___
45907
34432
_
80339
___

DocuSign Envelope ID: 99B0B579-FC3C-4A45-A2D7-2602570C674E

- 7 -

BETHEL EVANGELICAL FREE CHURCH

STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2022

2022
Other
Designated
Note
Funds
FIXED ASSETS
Freehold land and buildings
5
-
Fixtures and fittings
5
-
_
-

CURRENT ASSETS
Prepayments
-
Bank balances
-
_
-

CURRENT LIABILITIES
Creditors and Accruals
-
_
NET CURRENT ASSETS
-

TOTAL NET ASSETS
-
_
FUND BALANCES
General Fund
6
-
Restricted Fund
6
-
Designated Funds:
Building Fund
6
-
Other Funds
-

-
____		 2022
2022
Designated
General
Building
Funds
Funds
292314
-
3819
-
__

296133
-
__

-
-
68510
-
_

68510
-
_

1080
-
_

67430
-
_

363563
-
__

363563
-
-
-
-
-
-
-
__

363563
-
__
__		 2022
Total
Funds
292314
3819
__
296133
_
-
68510

68510
_
1080

67430

363563
__
363563
-
-
-
_
363563
___		 2021
Total
Funds
285712
4365
__
290077
____		 2021
Total
Funds
-
80339
_
80339

1020
__
79319
_
369396
____		 -
80339
_
80339
___
1020
_____
79319
_____
363708
-
5688
-
__
369396
____

The Financial Statements on pages 6 to 10 were approved by the trustees on 20 June 2023 and signed on their behalf by:

………………………………..

A Davis

DocuSign Envelope ID: 99B0B579-FC3C-4A45-A2D7-2602570C674E

- 8 -

BETHEL EVANGELICAL FREE CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 ACCOUNTING POLICIES

a) Funds

General funds represent the funds of the Church that are not subject to any restrictions regarding their use and are available for application on the general purposes of the Church.

Designated funds are unrestricted funds that have been designated for a particular use, in this case representing the Church’s Buildings fund.

Restricted funds are those funds that must be spent on the restricted purposes as specified by the donor.

2 PASTORAL MINISTRY AND MISSIONARY SUPPORT

2022
2022
Other
2022
Designated
Designated
General
Building
Funds
Funds
Funds
Pastoral remuneration and expenses
-
37305
-
Employer’s Pension Contributions
-
915
-
Employer’s NIC
-
-
-
Visiting preachers
-
-
-
Missionary support
-
-
-
Training Costs
-
243
-
_


-
38463
-
_

 2022
Total
Funds
37305
915
-
-
-
243
_
38463
___		 2021
Total
Funds
35927
891
-
170
-
453
_
37441
___

The Church employs a Pastor. All of the Elders (including the Pastor) and Deacons are Managing Trustees, as they are all included in making decisions on how the charity’s funds are expended. To avoid a conflict of interest, the Pastor continues to be excluded from all discussions relating to him and his remuneration. The Pastor is the only trustee to receive any remuneration or expenses; however other trustees have been reimbursed during the year for expenditure they have incurred on behalf of the Church.

3 EVANGELISM AND OUTREACH

EVANGELISM AND OUTREACH
2022
2022
Other
2022
Designated
Designated
General
Building
Funds
Funds
Funds
Bible exhibitions
-
1952
-
Outreach expenses
-
487
-
_

_
-
2439
-

_
_		 2022
Total
Funds
1952
487
_
2439
_		 2021
Total
Funds
-
170
_
170
_

DocuSign Envelope ID: 99B0B579-FC3C-4A45-A2D7-2602570C674E

- 9 -

BETHEL EVANGELICAL FREE CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

4 ESTABLISHMENT COSTS

4 ESTABLISHMENT COSTS
5 2022
2022
Other
2022
Designated
2022
Designated
General
Building
Total
Funds
Funds
Funds
Funds
Rates and water
-
675
-
675
Insurance
-
1379
-
1379
Light and heat
-
2909
-
2909
Repairs and maintenance
-
17662
-
17662
Cleaning
-
1370
-
1370
Telephone
-
531
-
531
Postage, stationery and photocopying
-
427
-
427
FIEC affiliation fees
-
750
-
750
Catering
-
264
-
264
DBS Checks
-
267
-
267
Other miscellaneous costs
-
54
-
54
Independent examination and payroll fee
-
1080
-
1080
Fixed Asset Purchases
-
-
6602
6602
_

_

-
27368
6602
33970

__
_

FIXED ASSETS
Freehold
Fixtures
Land and
and
Cost
Buildings
Fittings
At 1 January 2022
285712
22654
Additions
6602
-


At 31 December 2022
292314
22654
Depreciation
At 1 January 2022
-
18289
Charge for the year
-
546
__

At 31 December 2022
-
18835


Net Book Value at 31 December 2022
292314
3819
__
_
Net Book Value at 31 December 2021
285712
4365

__		 2021
Total
Funds
933
1409
2391
1829
190
488
-
750
-
146
6
2820
13830
_
24792

Total
308366
6602

314968
18289
546
__
18835
_
296133
_
290077
___		 2021
Total
Funds
933
1409
2391
1829
190
488
-
750
-
146
6
2820
13830
_
24792
___

DocuSign Envelope ID: 99B0B579-FC3C-4A45-A2D7-2602570C674E

- 10 -

BETHEL EVANGELICAL FREE CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

The Church’s freehold properties comprise:

The Church officers estimate that the market value of the Church’s properties following the refurbishment project is about £750,000.

6 ANALYSIS OF NET ASSETS BY FUND

ANALYSIS OF NET ASSETS BY FUND
2022
Other
Designated
Funds
Fixed Assets
-
Current Assets
-
Current Liabilities
-
_
-
_
Designated Funds are represented by:
B/Fwd
2021
Building Fund
5688
Other Funds
-
__
5688
___		 2022
General
Funds
296133
68510
(1080)
__
363563
_
Income
1475
3405
__
4880
_____		 2022
Designated
Building
Funds
-
-
-
_
-
_
Expenditure
(6602)
(3730)
_
(10332)
___		 2022
Total
Funds
296133
68510
(1080)
__
363563
_
Transfers
(561)
325
__
(236)
_____		 2021
Total
Funds
290077
80339
(1020)
__
369396
_
C/Fwd
2022
-
-
__
-
______

The Building Fund represents money received from a legacy in 2014 together with donations, which have been set aside for a project to redevelop the Church’s buildings. Work on the buildings commenced in 2018 and was completed in 2021.

DocuSign Envelope ID: 99B0B579-FC3C-4A45-A2D7-2602570C674E

Our ref: DRG/BET 007

PRIVATE & CONFIDENTIAL

A Davis Esq Bethel Evangelical Free Church 2 Pipistrelle Way Oadby Leicester LE2 4QA

2023

Dear Andy

BETHEL EVANGELICAL FREE CHURCH

I enclose your bound copy of the accounts for the year ended 31 December 2022.

Please let me know if you require any further information. In the meantime, I enclose a note of our fees for your kind attention in due course.

Yours sincerely

D R Gradon MA FCA for Cound & Co LLP