Reglstered Charlty Number 1144637 Report of the Trustees and Unaudited Financial Statements For The Year Ended 31st October, 2022 Redeemed Chrlstlan Church of God Bethel Tabernacle Redeemed Chrfstlan Church of God Bethel Tabemacle Contents of The Flnanclal Statements For The Year Ended 31rt Ortober. 2022 Page Report of The Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements Detailed Statement of Financial Activities 10 Redeemed Chrfstlan Church of God Bethel Tabemacle Report Of The Trustees For The Year Ended 31rt Ortober. 2022 REFERENCE AND ADMINIrnTIVE DEfAILS Charfty Number: 1144637 Chalrman: Mr Kolawole Akinbi Prlnclpal address. 153 Launcelot Road Bromley. BRI SEA Trurtees Mr John Alegbe Mr Gabriel Diya Secretary: Mrs Nike Awobimpe Independent Examlner Adonai Associates 50 King Alfred Avenue Catford. London, SE6 3HP Bankers HSBC Redeemed Chrfstlan Church of God Report of the Trurtees and Unaudlted Flnanclal Statements For The Year Ended 31tt Ortober, 2022 rRucfuRE GOVERNANCE AND MANAGEMENT RCCG Bethel Tabernacle was registered as a charity on 10th November 2011. It is governed by its Memorandum and Articles of Association and is managed by a Board of Trustees. Decisions are determined by a simple majority vote by the Trustees who set the strategic direction of the Charity- Delegated authority has been given to the Parish Pastor and management team for the day to day running of the operations of the Charity. Bethel Tabernacle is a member of the Redeemed Christian Church of God which has parishes worldwide. The relationship is governed by the Agreement of Common purpose between the parishes and RCCG. Trustees are selected on the basis of the contribution that they will make to the governance of the organisation and skills that they will contribute. They are provided with copies of the Charity Commission's Guidance of Trustees and are also provided with training as when required. The Trustees have assessed the major risks to which the Charity is exposed. in particular those relating to the specific operational areas of the Charity and its finances. The Trustees believe that by monitoring resetve levels. by ensuring controls exists over key financial systems and by examining the operational and business risks faced by the Charity. They have established effective systems to mitigate those risks. OBJECTIVES AND ACTIVITIES The Charity's objects are.. 'The advancement of The Christian religion worldwide and support of the less privileged in the local community and worldwide-. These objects are charitable and operate for the public benefit. It pursues these objects by the operation of Christian worship at its premises Ellen Brown Centre. Grange road London. Social Responsibility and Community Action are undertaken within all departments to raise money and contribute to locally based charities dedicated to alleviating poverty such as Bethel Outreach Team. St Mungo's and Bethel Kitchen. The main activity of the charity is the establishment and Maintenan￿ of worship centres to enable the members of the public to participate in Christian worship. Making grants and donations to the needy. The main activity of the charity is the establishment and Maintenan￿ of worship centres to enable the members of the public to participate in Christian worship. Making grants and donations to the needy. ACHIEVEMENTS AND PERFORMANCE FOR THE PUBLIC BENEFIT Working in partnership with housing charity to house and provide care support seNices to two homeless people. Working with other agencies to support homeless people a(￿sS seNices in order to reduce the impact of homelessness. FINANCIAL REVIEW The Charity's principal funding source continues to be the individuals who attend services and make contributions in the form of freewill offerings. tithes. and other donations. Part of the income is amount is recovered under the gift aid scheme. The Trustees continue to ensure that adequate reserve is maintained to ensure ongoing delivery of the charity's objective and operational obligations PLANS FOR F¢JfuRE PERIODS The Charity continues to explore ways of furthering its charitable objectives in an effective manner by ensuring there is awareness of its services and proactively seeking opportunities to be more involved in the community. To this effect the Trustees have identified a charity to support for the year in line with the Church's ethos of being a family church. Approved by order of the board of trustees on ...... behalf by: .and slgned on Its Mr Kolawole Aklnbl For Trustees Redeemed Chrfstlan Church of God Bethel Tabemacle 31tt October, 2022 Independent Examlnerfs Report To the Trustees I report on the accounts for the year ended 31st October. 2022 set out on pages five to ten. Respectlve responslbllltles of trustees and examlner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(21 of the Charities Act 2011 (the 2011 Actll and that an independent examination is required. The charity's gross income does not exceeded £250.000 and l am qualified to undertake the examination by being a qualified member It is my responsibility to: examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(51(b) of the 2011 Act): and to state whether particular matters have come to my attention. asls of the Independent examlner's report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity 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 prO￿d￿re£ 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 statements Independent examlner's rtatement In connection with my examination. no matter has come to my attention: l) which gives me reasonable cause to believe that. in any material respect. the requirements which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met: or 2) to which. in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. Ablodun A Adeboyelo (ACC&ACA,AAIA) Associatlon of Chartered Certlfied Accountants 50 Klng Alfred Avenue Catford . London Date................................................ Redeemed Christian Church of God Bethel Tabernacle Statement of Financial Activities For the year ended 31st October, 2022 |Unrestricted
Notes
£
Income Resources
Incoming Resources From Generated Funds
Voluntary Income
2
53,695
Building fund
Other Income
Bank interest received
Total Income Resources
53,695
Resources Expended
Charitable Activities
Physical & Spiritual Need
45,716
Governance Costs
3
850
Total Resources Expended
46,566
NET INCOMING RESOURCES
7,129
RECONCILATION OF FUNDS
Total Funds Balances b/fwd
755
Total Funds Balances c/fwd
7,884|Restricted
£
-
-
-
-
-
-
-|2022
2021
Total
Total
Fund
Fund
£
£
53,695
39,176
53,695
39,176
45,716
44,617
850
650
46,566
45,267
7,129
(3,175)
755
3,930
7,884
755| |---|---|---| ||-|| The Notes Form Part of These Financial Statements 5 ## Redeemed Christian Church of God ## Bethel Tabernacle ## Balance Sheet as at 31 October 2022 |Notes
FIXED ASSETS
Tangible assets
4
CURRENT ASSETS
Debtors
5
Cash at bank and in hand
CREDITORS
Amounts Falling Due within one Year
6
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
Unrestricted Funds
7
Unrestricted Funds
TOTAL FUNDS|2022
2021
Unrestricted
Funds
Total Funds
Total Funds
£
£
3,299
3,299
4,124
5,668
5,668
-
8,967
8,967
6,681
10,050
10,050
10,050
4,585
4,585
(3,369)
7,884
7,884
755
7,884
7,884
755
7,884
755
7,884
755| |---|---| ||7,884| ||7,884| ||| The financial statements were approved by the Board of Trustees on.................................... and were signed on its behalf by: Approved by Board of Trustees The Notes Form Part of These Financial Statements 6 Redeemed Chrlstlan Church of God Bethel Tabernacle Notes to the Flnanclal Statementss for the year ended 31 Ottober 2022 I ACCOUNTING POLICIES Accountlng conventlon The financial statements have been prepared under the historical cost convention. and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) the Charities Act 2011 and the requirements of the Statement of Recommended Practice. Accounting and Reporting by Charities (issued July 20141 Incoming resources All incoming resoUr￿S are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Tangible fixed assets Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. I VOLUNTARY INCOME 2022 2021 Tithes. Offering & Thanksgiving Donations HMRC Charities 7.590 31.287 14.818 28.714 10.270 300 LB Southwark Building Fund Bank interest received Gift Aid 12 53.695 39.296 2022 2021 Other Grants Redeemed Chrlstlan Church of God Bethel Tabernacle Notes to the Flnanclal Statementss for the year ended 31 Ottober 2022 2 GOVERNANCE Coffs 2022 850 2021 1.250 1.250 Accountancy 850 2022 2021 3 Tanglble fixed assets Land and building$ Plant and ma¢hinery Motor vehi¢les Totsl Cost At l November 2021 14,334 14,334 14,334 14,334 At 31 October 2022 Depredatlon At l November 2021 Charge for the year At 31 October 2022 10,210 825 11,035 10,210 825 11,035 Net book value At 31 October 2022 At 31 October 2021 3,299 4,124 3,299 4,124 4 Debtors . Amounts Falllng Due wlthln one year 2022 2021 Other debtors 5.668 5.668 5 Credltors: amounts falllng due wlthln one year 2022 2021 Trade Creditors - Rent 10.050 10.050 6 OPERATING LEASE COMMITMENTS Expiring.. Between one and five years Redeemed Chrlstlan Church of God Bethel Tabernacle Notes to the Flnanclal Statementss for the year ended 31 Ottober 2022 7 Movement In Funds Atol 1120 Movement At311021 Unrestricted funds General fund 755 7.129 7.129 7.884 7.884 TOTAL FUNDS 755 Net movement in funds. included in the above are as follows.. Incomlng Resources Resources Expended Movement In Funds Unrestrlcted funds General fund Total Fund 53.695 53.695 46.566 46.566 7.129 7.129 Redeemed ChrÉstÉan Church of God Bethel Taberna¢le Detailed Statement Of Finan¢Éal A¢tÉvities For The Year Ended 31st Ortober. 2022 2022 Total Fund 2021 Total Fund Unrestrirted Restri¢ted INCOMING RESOURCES Tithes & Offering Donation & Other5 7.589.74 31.286.82 14.818.32 7.589.74 31.286.82 14.818.32 28.714.00 10.270.00 180.00 HMRC Charitie5 Bank interest received 12.00 Total In¢omiAg Resources 53.694.9 53.694.9 39.176.0 RESOURCES EXPENDED Charitable A¢tÉvities Pastoral allowance5 6.(X)O.00 2.165.00 1.200.00 2.219.00 624.00 6.000.00 2.165.00 1.200.00 2.219.00 624.00 6.000.00 996.00 Donations & Gifts Honorarium & Volunteer WEM & Central funding Travelling and sub515tence Printing. postage & stationery Evangelicavoutreach materia15 Church expen5e5 3.277.00 96.00 3.015.00 11.599.00 26.822.Crf) 3.015.00 11.599.00 26.822.00 350.00 6.672.00 17.391.00 Governance Costs Accountancy fee5 850.00 850.00 650.00 850.Crf) 850.Crf) 650.00 Support Costs Management Rent & rate5 13.828.00 635.00 13.828.00 635.00 19.670.00 Bank charges In5uran£e 1.268.00 689.00 1.268.00 689.00 1.673.00 750.00 Telephone & fax Repair5 & maintenance Service Charges Web Site Motor expenses Depreciation charge 721.00 721.00 3.132.00 30.00 591.00 591.00 337.00 337.00 681.00 825.00 825.00 1.289.00 27.225.00 18.894.C 18.894.00 TOTAL RESOURCES EXPENDED 46.566.00 46.566.00 45.266.00 INCOME 7.128.90 7.128.90 6.090.00 10