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2024-03-31-accounts

COMPANY REGISTRATION NUMBER: 07731522 CHARITY REGISTRATION NUMBER: 1144722

Clifton Bethesda Church Limited Company Limited by Guarantee Unaudited Financial Statements 31 March 2024

Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road, Flax Bourton Bristol BS48 1UR

Clifton Bethesda Church Limited

Company Limited by Guarantee

Financial Statements

Year ended 31 March 2024

Page
Trustees' Annual Report (incorporating the Directors’ Report) 1
Independent Examiner's Report to the Trustees 4
Statement of Financial Activities (including income and
expenditure account) 5
Statement of Financial Position 6
Notes to the financial statements 7
The following pages do not form part of the financial statements
Detailed Statement of Financial Activities 15

Clifton Bethesda Church Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Directors’ Report)

Year ended 31 March 2024

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.

Reference and administrative details

Registered charity name Clifton Bethesda Church Limited Charity registration number 1144722 Company registration number 07731522 Principal office and registered Alma Road office Clifton Bristol BS8 2ES United Kingdom The trustees Mr J Proctor (Resigned 30[th] September 2024) Ms J Gibson (Resigned 30[th] October 2023) Ms S Hogg Mr R Scott-Cook Mr D Price Mr J Marsh (Appointed 1[st] October 2023) Dr Joanna McCunn (Appointed 14[th] December 2023) Independent examiner Joshua Kingston ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road, Flax Bourton Bristol BS48 1UR

Structure, governance and management

Clifton Bethesda Church Limited is a registered Charity and was incorporated as a Company Limited by Guarantee on 5th August 2011.

Angela Moseley was the Minister during the first five months of the period covered by this report and Cameron Drury was the Minister thereafter. Both were supported by the Leadership Team who are responsible for the overseeing and direction of the church. Their role is to pastor, teach, plan and pray. They also oversee the leadership of Children's Church, Worship group and child protection.

Each area of the ministry within the church has a group leader: 1) Pastoral Care, 2) Missions, 3) Community and Evangelism, 4) Fabric/Finance, 5) Homegroups.

The church has no formal membership - all that belong to the church are considered members.

- 1 -

Clifton Bethesda Church Limited Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Directors’ Report) (continued)

Year ended 31 March 2024

Objectives and activities

Objectives

The church has 5 stated objectives:

Activities

The main activity of the Charity is the operation of a local Christian Church in the arranging and provision of worship services, meetings, seminars, conferences and training courses. The Church has operated for 150 years.

Public Benefit

As well as being a thriving Church where everybody from the local community is welcome, Alma Church runs a number of activities in the building. These include a conversation Café for international students, a parents and toddlers group and the utilisation of the building's excellent facilities for events ranging from children's parties, the local art trail and practice sessions by a local orchestra. Projects are also run for the local community in respect of pastoral and counselling needs. Funds are also raised for missions concerned with education and the relief of poverty and sickness in Bristol and around the world. The Trustees have complied with the duty in section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Commission.

Achievements and performance

We have continued to pursue our vision of:

We have continued to offer relevant and accessible celebrations in the Christian calendar, including Christmas, Easter and Harvest. Connection with the local community has been increased with community events, Little Roots (toddler group) and prayer on the streets.

Financial review

The activities for the period under review have resulted in a surplus of £29,062 (2023: deficit of £9,053) which was higher than the forecast made by the trustees, mainly because of a couple of one-off significant one-off donations that were not anticipated. It is expected that the forthcoming periods should result in a small surplus.

Reserves policy

Free reserves are £132,859 (2023: £109,652) and deemed to be those that are readily realisable and exclude £2,240,247 invested in property.

As a matter of policy, each year the Trustees review the level of free reserves. Consideration is given to major risks in terms of their likely impact on income and expenditure. The present range for free reserves is to 9 to 15 months reported expenditure, i.e., £73,349 to £122,248. The one-off donations mentioned above have resulted in current free reserves exceeding the top end of this range.

- 2 -

Clifton Bethesda Church Limited Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Directors’ Report) (continued)

Year ended 31 March 2024

The Trustees are considering various refurbishments and buildings’ improvements that, if undertaken, will reduce the level of free reserves.

Statement of trustees’ responsibilities

The trustees (who are also directors of Clifton Bethesda Church Limited for the purposes of company law) are responsible for preparing the Trustees’ Report (incorporating the directors’ report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small company’s exemption.

The trustees' annual report was approved on 18 December 2024 and signed on behalf of the board of trustees by:

Mr D Price Trustee

- 3 -

Clifton Bethesda Church Limited

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Clifton Bethesda Church Limited

Year ended 31 March 2024

I report to the trustees on my examination of the financial statements of Clifton Bethesda Church Limited ('the charity') for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

  4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Joshua Kingston ACA Independent Examiner Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road, Flax Bourton Bristol BS48 1UR

18 December 2024

- 4 -

Clifton Bethesda Church Limited

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 March 2024

2024 2023
Total funds Total funds
Note £ £
Income and endowments
Donations and legacies 5 81,095 50,876
Other trading activities 6 25,167 29,219
Investment income 7 20,598 13,164
-------------------------------- ----------------------------
Total income 126,860 93,259
================================ ============================
Expenditure
Expenditure on charitable activities 8,9 103,923 102,312
-------------------------------- --------------------------------
Total expenditure 103,923 102,312
================================ ================================
-------------------------------- --------------------------------
Net income/expenditure and net movement in funds 22,937 (9,053)
================================ ================================
Reconciliation of funds
Total funds brought forward 16 2,349,899 2,358,952
----------------------------------------- -----------------------------------------
**Total funds carried forward ** 16 2,372,836
=========================================
2,349,899
=========================================

The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. All the funds and prior year fund balances are unrestricted.

The notes on pages 7 to 13 form part of these financial statements.

- 5 -

Clifton Bethesda Church Limited

Company Limited by Guarantee

Statement of Financial Position

As at 31 March 2024

2024 2023
Note £ £ £
Fixed assets
Tangible fixed assets 13 2,240,247 2,240,247
Current assets
Debtors 14 13,873 4,918
Cash at bank and in hand 139,180 121,790
-------------------------------- --------------------------------
153,053 126,708
Creditors: amounts falling due within one year 15 (20,464) (17,056)
-------------------------------- --------------------------------
Net current assets 132,589 109,652
----------------------------------------- -----------------------------------------
Total assets less current liabilities 2,372,836 2,349,899
----------------------------------------- -----------------------------------------
Net assets 2,372,836 2,349,899
========================================= =========================================
Funds of the charity
Unrestricted funds
Fixed Asset fund 2,240,247 2,240,247
General fund 132,589 109,652
----------------------------------------- -----------------------------------------
Total charity funds 17 2,372,836
=========================================
2,349,899
=========================================

For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 18[th] December 2024, and are signed on behalf of the board by:

Mr D Price Trustee

Company Registration Number 07731522

The notes on pages 7 to 13 form part of these financial statements.

- 6 -

Clifton Bethesda Church Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2024

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Alma Road, Clifton, Bristol, BS8 2ES, United Kingdom.

2. Statement of compliance

The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011, Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2019.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.

- 7 -

Clifton Bethesda Church Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

3. Accounting policies (continued)

Income

All income is included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

All fixed assets are initially recorded at cost. The land and buildings were introduced in 2011 and have been included by the Trustees at the insurance value made on the 12th January 2012. The asset is depreciated at 0% as the Trustees operate a policy of continuous repair and refurbishment so that there is considered to be no material diminution in value.

- 8 -

Clifton Bethesda Church Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Limited by guarantee

The Charity is a Company Limited by Guarantee having no Share Capital.

5. Donations and legacies

Total Funds Total Funds
2024 2023
£ £
Donations
Offerings 72,695 42,108
Tax repayments received 8,400 8,768
---------------------------- ----------------------------
81,095 50,876
============================ ============================
6. Other trading activities
Total Funds Total Funds
2024 2023
£ £
Income from Use of Church 25,167 29,219
============================ ============================

- 9 -

Clifton Bethesda Church Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

7. Investment income

nvestment income
Total Funds Total Funds
2024 2023
£ £
Rent received 16,985 13,094
Bank interest receivable 3,613 70
---------------------------- -----------------------
20,598
============================
13,164
=======================

8. Expenditure on charitable activities by activity type

Support Total funds
Direct costs costs 2024
(Note 9)
£ £ £
Wages and salaries 22,461 10,116 32,577
Church building running costs 41,469 633 42,102
Church activities 2,624 - 2,624
Gifts and missions 13,660 - 13,660
Administration 538 11,018 11,556
Independent Examiners fee - 1,404 1,404
------------------------------------ ------------------------------------ ------------------------------------
Total 80,752 23,171 103,923
Support Total funds
Direct costs costs 2023
£ £ £
Wages and salaries 20,790 10,644 31,434
Church building running costs 33,925 762 34,687
Church activities 4,037 - 4,037
Gifts and missions 17,100 - 17,100
Administration 457 13,301 13,758
Independent Examiners fee - 1,296 1,296
------------------------------------ ------------------------------------ ------------------------------------
Total 76,309 26,003 102,312

- 10 -

Clifton Bethesda Church Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

9. Expenditure on charitable activities: Support costs

Expenditure on charitable activities: Support costs
Total funds Total funds
2024 2023
£ £
Salary costs 10,116 10,644
Photocopier 633 762
Telephone 669 555
Sundry costs 10,349 12,746
Governance costs – Independent Examiners fee 1,404 1,296
---------------------------------- ----------------------------------
23,171 26,003
================================ ================================
Independent examination fees
2024 2023
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 1,404
=======================
1,296
==============

10. Independent examination fees

11. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

2024 2023
£ £
Wages and salaries 32,577 31,434
============================ ============================

The average head count of employees during the year was 2 (2023: 2). No employee received employee benefits of more than £60,000 during the year (2023: Nil).

The Trustees consider the key management personnel to be themselves and the minister, who is not a Trustee. Total benefits paid to key management personnel during the year were £22,461 (2023: £20,790).

12. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

No trustee expenses were reimbursed or waived during the year or the previous year.

- 11 -

Clifton Bethesda Church Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

13. Tangible fixed assets

Tangible fixed assets
Land and
buildings
£
Valuation
At 1 April 2023 and 31 March 2024 2,240,247
=========================================
Depreciation
At 1 April 2023 and 31 March 2024
=========================================
Carrying amount
At 31 March 2024 2,240,247
=========================================
At 31 March 2023 2,240,247
=========================================

The land and buildings were introduced in 2011 and have been included by the Trustees at the insurance value made on the 12th January 2012. The asset is depreciated at 0% as the Trustees operate a policy of continuous repair and refurbishment so that there is considered to be no material diminution in value.

14. Debtors

Debtors
2024 2023
£ £
Trade debtors 556 -
Prepayments and accrued income 13,317 4,918
----------------------- -----------------------
13,873
=======================
4,918
=======================

15. Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 5,960 4,419
Accruals and deferred income 13,950 12,325
Social security and other taxes 554 312
----------------------- -----------------------
20,464
=======================
17,056
=======================

16. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
At At 31
1 April 2023 Income Expenditure March 2024
£ £ £ £
Designated fund
Fixed asset fund 2,240,247 - - 2,240,247
General fund 109,652 126,860 (103,923) 132,589
-------------------------------------- -------------------------------------- -------------------------------------- --------------------------------------
2,349,899 126,860 (103,923) 2,372,836

========================================= ================================ ================================ =========================================

- 12 -

Clifton Bethesda Church Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

16. Analysis of charitable funds (continued)

Prior year comparative

Unrestricted funds

Unrestricted funds
At At 31
1 April 2022 Income Expenditure March 2023
£ £ £ £
Designated fund
Fixed asset fund 2,240,247 - - 2,240,247
General fund 118,705 93,259 (102,312) 109,652
-------------------------------------- -------------------------------------- -------------------------------------- --------------------------------------
2,358,952 93,259 (102,312) 2,349,899
Analysis of net assets between funds
2024 Fixed General fund – Total funds 2024
Assets free reserves
designated
fund
£ £ £
Fixed assets 2,240,247 - 2,240,247
Current assets - 153,053 153,053
Creditors due in less than 1
year - (20,464) (20,464)
-------------------------------------- -------------------------------------- --------------------------------------
2,240,247 132,589 2,372,836
2023 Fixed General Total funds
Assets fund – free
2023
designated reserves
fund
£ £ £
Fixed assets 2,240,247 - 2,240,247
Current assets - 126,708 126,708
Creditors due in less than 1 - (17,056) (17,056)
year
-------------------------------------- -------------------------------------- --------------------------------------
2,240,247 109,652 2,349,899

17. Analysis of net assets between funds

18. Financial instruments

The company currently holds no financial instruments.

- 13 -

Clifton Bethesda Church Limited

Company Limited by Guarantee

Management Information

Year ended 31 March 2024

The following pages do not form part of the financial statements.

- 14 -

Clifton Bethesda Church Limited

Company Limited by Guarantee

Detailed Statement of Financial Activities

Year ended 31 March 2024

2024
2023
£ £
Income and endowments
Donations and legacies
Offerings 72,695 42,108
Tax repayments received 8,400 8,768
---------------------------- ----------------------------
81,095 50,876
---------------------------- ----------------------------
Other trading activities
Income from Use of Church 25,167 29,219
---------------------------- ----------------------------
25,167 29,219
---------------------------- ----------------------------
Investment income
Rent Received 16,985 13,094
Bank interest receivable 3,613 70
---------------------------- -----------------------
20,598 13,164
---------------------------- -----------------------
-------------------------------- ----------------------------
Total income 126,860 93,259
================================ ============================
Expenditure
Expenditure on charitable activities
Wages and salaries 32,577 31,434
Ministry 340 1,863
Building Management 10,022 6,865
Gifts and Missions 13,660 17,100
Pastoral Care 1,540 1,646
Community and Evangelism 744 528
Gas, Electric and Water 7,992 8,133
Cleaning and Gardening 6,098 6,785
Repairs 12,630 8,438
Insurance 3,227 3,166
Telephone 669 555
Audit Fees 1,404 1,296
Sundry 11,419 13,896
Children’s Church 200 150
Council Tax 863 -
Other Capital Expenditure 538 457
----------------------------- --------------------------------
103,923 102,312
-------------------------------- --------------------------------
-------------------------------- --------------------------------
Total expenditure 103,923 102,312
================================ ================================
-------------------------------- --------------------------------
Net income/(expenditure) 22,937
================================
(9,053)
================================

- 15 -

Audit Trail

Document Details

Title Accounts for signature Accounts for signature
File Name Final Accounts 2024 17.12.2024 (ID 238255).pdf Final Accounts 2024 17.12.2024 (ID 238255).pdf
Document ID f16147194e0b498fa2e57531adaede47
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