Regirtered Chartty Number 1144637 Report of the Trustees and Unaudited Financial Statements For The Year Ended 31st October. 2023 Redeemed Chrirttan Churth of God Bethel Tabemade
Redeemed Chrirtian Churth of Crf)d Bethel Tabernade Contents of The Finanoal Statements For The Vear Ended 31st Ortober. 2023 Page Report of The TTustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statemerht% Detailed Statement of Financtal Acrivities To
Redeemed Chrithan Church 05 God Bethel Tabemade Report Of The Tnjstees For The Year Ended 31rt Octotky. 2023 REFERENCE AND ADMINlrnnVE DAll5 Charity Number: 1144637 Chairnian: Mr Kolawole Akinbi Principal ad¢*e55. 153 Launcelot Road Bromley. BRI SEA Tnkrtees Mr John Alegbe Mr Gabriel Diya Secretary". Mrs Nike Awobimpe Independent Examiner Adonai A550ciates 50 King Alfred Avenue Catford, London. SE6 3HP Bankers HSBC
Redeemed Chrirtian Churth of God Report of the Trurtees and Unaudited Flnandal StateEnents For The Year Ended 31strOctober. 2023 srRucfuRE GOVERNANCE AND KINAGEmE RCCG Bethel Tabernacle was regi¥tered a5 a chartty on 10th November 2011. It is govemed by its Mernorandum and Articles of Asswation and is managed by a Board of Trurtees. Deci5Tons are determined by a simple majority vote by the Trurtees who Set the strategic direction of the Charity. Delegated authority has been given to the Parish Pastor and management tearn for the day to day Tunning of the operat10115 of the Charity. Bethel Tabemacle is a member ofthe Redeemed Christian Church of CK)d whith has parishes worldwide. The relationship is governed by the Agreement of Common purpose between the parishes and RCCG. Trurtees are selerted on the basis of the contrtbution 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 Guidan of Twrtees and are also provided with training as when required. The Trurtees have assessed the rnajor risks to whith the Charity is exposed. in partiajlar those relating to the spe£ific operational areas of the Charity and its finances. The Trurtee5 believe that by rnonitoring reserve levels. by ensuring controls exists over kry fInancial systems and by examining the operational and business risk5 faced by the Charity. They have established effecfive tyrtem5 to mitigate those risk5. OBJEcfivES AND AcnvmES The Charity's objects are- "The advancement of The Christian religron worldwide and support of the I$ privileged Tn the local comrnunity and worldwide-. These object5 are charitable and operate for the public benefit. It pur5ue5 these objects by the operation of Christian Worship at tts prernises Ellen Brown Centre. Grange road London. Social Responsibility and Community Action a undertaken within all department5 to raise rnoney and contribute to locally based charities dedicated to alleviating poverty suth as Bethel Outreach Tearn. St Mungo's and Bethel Kltchen. The main activity of the charity is the establishment and Maintenance of worship ntre5 to enable the members of the public to participate in Chrirtian worthip. Making grants and donatrons to the needy. The main artivity of the charity 15 the ertabli5hment and maintenance of worship treS to enable the members of the publrc to participate tn Chrirtian worship. Making grants and donations to the needy. ACHIEVEMENTS AND PERFORMANCE FOR THE PUBLIC BENEFIT Working in partnership with hous*ng charity to house and provide re support servi$ to homeless people. Working with other agencies to support homeless people access setvitrs in order to reduce the impact of homelessne5S.
ANANCIAL RNEW The Chwity"s principal fuDdillz 10 the irdviduaL% vtho allthl 5erylces and rnake colltrij174Ths in Ihe l(Ym of freEwll ollainy. lithe5. and otherdralicl)s. Part of the inc<xne 1% Omounl is reccwffed under Ihe silt s(hane. The Tnrflee5 Contin 10 I1e thot adryle reserve is rniintsined io ong£ng of Ihe tharily's cAiLrhve wa¢ior5al The Charity continues io wkye ways of ItKlhwDg Ils <harilaEle cèjttiives in th dfeclive tnanner by ensuring thue IS [ersS of iti $yvi prc4xtivdy fe4ro opw(uDilie5 10 involved in Ihe cc¥nmurMty. To Ihi5 eflett the Trw$e have Idtired 4 dwty SUPPOrt the In line th the Churth-5 eihos of btsng J l¥nity thk ForTnJ5tsu
as at 31 OaDbtr 2023 2023 2022 Fwxb Tai4[ Fund5 Totsl Funds FiXED ASSErs -g bif 45StXS 2.639 2.639 ,h al in hind 5.961 8.967 CkEDrrop ATnoJnts Falling Lkn wnthln rx Year 155 155 10.050 Ntr CURREN[ ASsFrs 6?50 6250 4.585 TOTAL AssFrs LESS CUkRENr LL4BILm 6A89 8.Sls9 1.884 AfSFt5 8J89 7.884 Unresifit1t%l Funds 8.889 1.884 TOTAI FUNDS 8.589 7.B84 The fin4ndDI 5t41OheniS wu¢ VPtCwed ty Ihe vowd ol Indte¢5 (Yt......... . Sign on 115 tthiirty. Thtr Nottr. FLVM Pkn ol These FanCl Siatemom%
Redeemed Christian Churth of God Bethel Tabemacle 31stOctober, 2023 ITKlependent Examin5 Report To the Trurtees I report on the account5 for the year ended 31rt Ortober. 2023 set out on pages five to ten. Respective responsibiltties of trurtees and examiner The charity'% trurtees are respon£iEAe for the preparatron of the accounts. The £harity'5 trustees consider that an audit is not reqtjired for this year (under Section 144121 of the Charities Act 2011 Ithe 2011 Act)) and that an independent examination is required. The charity's gross income does not exceeded £250.000 and l am qualtfied to undertake the examination by bein8 a qualified rnember It is my responsibility to. examine the accounts under Section T45 of the 2011 Act to follow the proureS laid down in the General Dirertions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act)., and to state whether particular matters have come to my attention. Basi5 of the independent examine5 report My examination was carried out in accordan with the General Diredions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a compari50n of the account5 presented with those record5. It also includes consideration of any unusual items or disc105ures In the accounts. and seeking explanation5 frorn 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 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 tn the statements Independent examlner's rtatement In connection with my exatnination. 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 accouNtin8 records and to comply wrth the accountin8 requirEments of the 2011 Act have not been met: or 2) to which. in rny opinion. attention Should be drawn in order to enable a proper understanding of the accounts to reached. Abiodun A Adeboyejo IACCA.ACA,AAIA) Association of Chartered Certified Accountants 50 King Alfred Avenue Catford . London Date.....
Redeemed Christian Church of God Bethel Tabernade Statement of Financial Activities For the year ended 31rt Ortober, 2023 2023 2022 Total Fund Total Fund Unrestricted Restricted Note5 Income Resources Incorning Resources From Generated Funds Voluntary Incotne Building fund Other Incorne 50.556 50.556 53.695 Bank interest received Total Income Resources 50.556 53.695 Resources Expended Chaiitable Attivities Physical & Spirztual Need Govemance Costs 48.701 850 48.701 850 45,717 850 Total Resources Expended 49,551 49.551 46,567 NEf INCOMING RESOURCES 1.005 1.005 7.129 RECONCILATION OF FUNDS Total Funds Balancei b/fvJd 7.884 7.884 755 Total Funds Balan5 clfvvd 8.889 8.889 7,884 The Notes Form Part ofThese Financigl Statements
Redeemed Chrirtian Church OF God Bethel Tabemade Balan Sheet as at 31 October 2023 2023 2022 Unrertricted Funds Notes Total Funds Total Fund5 FIXED ASS5 Tangible assets 2.639 2.639 3,299 CURRENT ASS5 Debtors Cash at bank and in hand 5.961 5.961 8.967 CREDITORS Amounts Falling Due within one Year 155 155 10.050 CURRENT AssErs 6.250 6.250 4.585 TOTAL AS5 LESS CURRENT LIABILITIES 8.889 8.889 7.884 NET ASSFf5 8.889 8.889 7.884 Unrestricted Funds Unrertricted Fund5 8.889 7.884 TOTAL FUNDS 8.889 7.884 The financial rtatement5 were approved by the Board of Tru5tee5 on.................................... and were signed on Èt5 behalf by.. Approved by Board of Tru5fee5 The Noles Fom) Part of Th8sè Financial Statem8nts
Redeemed Chrirtian Churth of God Bethel Tabemacle Notes to the Financial Statementss for the year ended 31 OctoiEr 2023 I ACCOUNTING POLICIES Accounting convention The financial statements have been prepared under the historical cort convention. and in CCOrdan with the Financial Reporting Standard for Smaller Entitie5 (effective January 2015) the Charities Act 2011 and the requirements of the Statement of Recomtnended PrartI, Accounting and Reporting by Charitie£ f155ued July 20141 Incorning resources All incoming resource5 are included on the statement of Financial Achvtties when the charity is legally entitled to the incotne and the amount can quantified with reasonable accurdcy. Resources expended Expenditure 15 accounted for on an ac(ruals basis and has been cla£sified under headings that aggregate all cost related to the category. Where c05t5 cannot be directly attributed to particular headTngs they have been allocated to activitie5 on a basis consirtent with the use of resources. Grants offered subjed to condition5 which have not been met at the year end date are noted a5 a commitment but not èccrued a5 expendtture. Tangible fixed assets Taxation The charity is exempt frotn tax on it5 tharitable activities. Fund accountrng Unrertricted funds can be used in accordan with the charitalle objectives at the discretion of the trustees. VOLUNTARY INCOME 2023 2022 Tithes, Offering & Thanksgiving Donations 9.230 34.711 6.517 99 7.590 31,287 14.818 HMRC Charitie5 Bank interest received 50.557 53.695 3 GOVERNANCE cosrs Accotjntancy 2023 2022 1,250 1,250 850 850
Redeemed Christian Church of God Bethel TabeTnacle Notes to the Flnonaal StatementSS for the year ended 31 Ortober 2023 2023 2022 4 Tangible fixed assets Land and buildings Plant and machinery Motor vehicles Total Cosr At l Novernber 2022 At 31 October 2023 14.334 14,334 14,334 14.334 Depreciation At l November 2022 Charge for the year At 31 Ortober 2023 11.035 660 11.695 11.035 660 11.695 Net book value At 31 OrtotEr 2023 At 31 October 2022 2,639 3.299 2,639 3,299 5 Debtors . Amounts Falllng Due within one year 2023 2022 Other debtors 445 5.668 5.668 445 6 Creditors: amounts falling due within one year 2023 2022 Trade Creditors - Rent 155 10,050 7 Movement in Funds Atol 112022 Movement At 3110 2023 Unrestrirted fvnd5 General fund 7.884 7.884 8.889 8.889 TOTAL FUNDS l.(X)5 Net movement tn funds. included in the aiK)ve are as follows: Incomin8 Resour$ Expended Movement in Funds Unrertrirted funds General fund rotal Fund 50.556 50.556 49.551 1.005 1,005 49.551
Redeemed Christian Churth of Gth Bethel Tabernacle Detatled Statement Of Finanaal Activities For The Year Ended 31rt October. 2023 2023 Total Fund 2022 Total Fund Unresthded Reslrided INCOMING RESOURCES Tithes & Offering Donation & Others HMRC Charities Bank interest YeIVed Total Incomlng Resources 9229.52 34.711.01 6.516.78 99.Th) 50.556.3 9,229.52 34.711.01 6.516.78 99.CX) 7.589.74 31.286.82 14.818.32 50.556.3 53.694.9 RESOURCES EXPENDED Ch8ritable Activities t)onation5 & Gifts Honorarium & Volunteer WEM & Central funding Travelling and subsistence EvangelTcaVoutreath mdteria15 Churth expenses 2.949.00 9,838.00 2.325.(YJ 2.680.(X) 2.949.00 9.838.1Th) 2.165.00 7.200.00 2,219.00 624.(X) 2,325.(X) 2,680.(K) 5.103.00 6.649.00 29.544.IX) 5,103.(KJ 6.649.(K) 3.015.00 11.599.(X) 29.544.IXI Governance Corts Accountancy fees 850.(K) 850.00 850.(K) 850.00 850.00 850.00 Support Corts Management Rent & rate5 16.269.00 159.C(J 16.269.00 159.00 13.828.00 635.00 1.268.00 689.(K) 721.00 591.00 337.00 Bonk charges Insurance Telephone & fax Repairs & tnaintenance servi Charges- Web Fite Motor expenses Depreciation charge 513.¢XJ 513. 1.036.00 158.00 362.00 1.036.1J) 158.1J) 362.(K> 660.00 19.157.C 660.00 825.00 18.894.00 19.157.00 TOTAL RESOURCES EXPENDED 49.557. 49.551.00 46,566.(K) NEf INCOME l.005.30 I.CNJ5.30 7.128.90