BAM Annual Report 2023-24
## **Bethel Apostolic Ministries (BAM)**
## **Trustees Report of The Year Ended 31[st] August 2024.**
## **Objects**
The primary aims of the Charity are to fulfil the role of a Christian Church and to provide help to others in promoting the Christian faith in the United Kingdom and overseas.
## **Church Mission Statement**
Our mission is to:
- reach out to all with the Gospel of Jesus Christ
- be all things to all men, that we might save some.
Reaching the lost will always be the principle objective of the Church and a goal that will supersede all other aims and objectives.
We strive to be relevant in the local community. Crossing racial and social barriers, demonstrating God’s love both practically and spiritually, that souls will come to the knowledge of the truth through conviction, leading to conversion and obedience to the Faith.
## **Aims and Objectives**
The Church is not a building, but a gathering of ordinary people of different ages and backgrounds whose lives have been changed by the Lord Jesus Christ.
Our motto :
## ‘ _Word. Worship. Witness’_
describes the ethos and activities of the church.
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BAM Annual Report 2023-24
The New Testament reveals the Church as a community of people, correctly taught and nurtured. These, by loving and serving Jesus Christ were also committed to love and care for each other and to bring a blessing to the regions in which they resided.
BAM’s Trustees, Officers and Members are committed to the restoration of these New Testament principles.
## **Governance and Management**
Directions relating to the charity arm of the business are undertaken by the Trustees.
The Senior Minister and Officers are responsible for governing the life and teaching of the church.
The Treasurer deals with the day-to-day decisions on expenditure and activities, with budgets set and monitored by the trustees.
The powers of appointment or removal of Trustees rests with the members. New trustees are primarily selected from the members of the church and from the leaders of other local assemblies sharing the same vision.
On being appointed, new trustees spend time with existing trustees to ensure that they understand their responsibilities and the legal and financial framework in which the church operates.
In August 2024 Mrs Sonia Billings and Mr Tyrese Salmon assumed positions as fully fledged Trustee board members. Sonia brings skills of administration and Tyrese a background in Law and management. We look forward to working with them to grow and strengthen this charity.
In December 2023 Mr Robert Bernard took on the role of Chair, in full agreement of the trustee board, until a permanent Chairperson is appointed.
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BAM Annual Report 2023-24
## **Achievements and Performance**
In November 2023 our annual thanksgiving meal was held at the Bluebrick restaurant, with all diners arrayed in red and black. It was a lovely evening with fellowship and much laughter.
We endeavour to maintain connections with the members who are unable to attend regularly by visiting/making contact via telephone calls. A proportion of the senior members continue to isolate due to their infirmity and vulnerability.
During the Christmas season, the ‘shut-in’s are visited and blessed with fellowship, a choral Christmas carol rendition and a gift.
Each month the women of BAM meet to discuss various topics concerned with wellbeing and providing strategies to life.
The youth of BAM also have monthly teaching sessions ranging from Relationships, Financial Awareness, the Dangers of Social Media , Witchcraft and Climate Change – all relevant and up to date issues. During our yearly Chronicles of Praise event, in November there was a youth directed panel addressing emotional and life challenges. The youth had an opportunity to present questions to a panel.
BAM’s website under the heading of BAMChurch.co.uk where members of the public can view details of the charity, is a work in progress as various short videos featuring different aspects of BAM church life are being selected to place on the site.
New equipment acquired has enabled streaming to be performed at an improved level. The viewing is only available to those who have been supplied with the link.
## **Building**
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BAM Annual Report 2023-24
The Trustees endeavour to maintain the building in a state of good repair. As stated in previous Annual Reports, there have been major issues with the roof.
In the previous Annual Report, it was stated that the roof had finally been repaired. Unfortunately, issues arose again with leakage of water from the roof into the sanctuary from the repaired section and a new area. We have had ongoing issues with the roofer returning to rectify the matter.
The internal plastering of walls and ceilings damaged by water has been performed.
A new carpet for the sanctuary has been purchased, (as the present one has been damaged by the persistent leakage of water), which will be fitted, once the repairs to the roof are complete.
## **Policies**
The Trustee Board endeavour to maintain and adhere to our policies and review as necessary.
## **Covid Requirements**
Although lockdown requirements are no longer in place, in view of the intermittent spikes in the cases of Covid, we continue to follow guidance and provide hand sanitiser gel and masks for those who choose to utilise these items, which are placed in the entrance foyer and at strategic points in the sanctuary.
## **Community Events**
During the Summer holiday period, activities were organised serving both children of the community and membership. Although the activity days were less than previous years, the youth enjoyed a day of baking/cooking. A baking challenge was held where from a group of ingredients a dish had to be produced. All enjoyed the experience and shard their baked goods with those who attended.
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BAM Annual Report 2023-24
A monthly social is held, where members and invited friends can socialise in a relaxed environment, playing games, cooking, eating and conversing with each other. The youth particularly look forward to this each month.
On September 16[th] 2023, a Marriage Seminar was held. The theme - ‘Who Are You?’. The event highlighted the empowering nature of godly principles within the family, was well attended with participants attending from as far as Sheffield.
The building has been used by various groups:
- Local musicians using it as a practice base.
- Daughters of Destiny. A project, mentoring young females.
## **Training**
No training for the Trustees board occurred.
## **Financial Review**
As of the 30[th of] August 2024, the current account balance was **£47,659:26p** .
£10,000 is ringfenced for the acquisition of a mini-bus.
Credit is therefore to be attributed to the members for their ongoing contributions.
## **HMRC Refund**
In September 2023 HMRC refunded the Charity:
**£5,190:50p** from Gift Aid contributions and
**£705:75p** in April 2024 from the Small Donation Scheme.
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BAM Annual Report 2023-24
## **Fundraising Activities**
No fundraising activities have occurred .
## **Community Aid**
The church recognises the need to reach out to victims and the vulnerable.
The church continues to provide a ‘Hardship Fund’ for those who are experiencing financial difficulties. A manageable repayment schedule is agreed with the recipient.
Foods collected during Harvest of 2023, were given to the Good Shepherd charity for distribution to those in need and some vulnerable members.
## **Plans for the New Year**
As in the previous year, our aim in the short-term is two-fold:
1. To fill the vacant position of the Chairmanship of the Trustee Board.
2. To continue to maintain links with the housebound.
Approximately a quarter of the membership are vulnerable due to physical infirmity. We endeavour to keep in contact to try to alleviate loneliness and isolation.
A medium-term goal continues to be the acquisition of another minibus.
The long-term goal remains the acquisition of land or an alternative building allowing for expansion of the property which would enable us to serve the community at large, signposting to and working with other agencies to provide financial, health and social assistance.
Contact was made with the Wolverhampton Council re updates on the A454 Road Widening Scheme. In October 2023 the next stage of the
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BAM Annual Report 2023-24
project was given the green light by highway chiefs. The scheme is suggesting but not compelling the relocation of BAM. We continue to enquire and wait upon the Lord to see what our next move, if any, should be.
## **Risk Management**
All major insurable risks are subject to normal Churches and Employers and Public Liability insurance.
Contractual risks are reviewed before being entered into to assess that they could not significantly impact upon the church’s ability to fulfil its objectives.
An annual review of areas of risk is undertaken by the trustees in conjunction with church members and volunteers responsible for the area of activity.
The problem with the roof led to areas of the sanctuary for health and safety reasons to be inaccessible. These areas were cordoned off to prevent the occurrence of accidents.
Strategies, although not as stringent as previously relating to reducing the risk of Covid cross-contamination within the sanctuary, are adopted.
## **Statement of Trustees Responsibilities**
Charity law requires the trustees to prepare accounts for each financial year which give a true and fair view of the situation of the Charity and of the profit and loss of the Charity for that period. In preparing these accounts, the trustees are required to:-
- Select suitable accounting policies and then apply them consistently.
- Adjust and make estimates that are reasonable and prudent.
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BAM Annual Report 2023-24
- Prepare the accounts on the going concern basis, unless it is inappropriate to presume that the Charity will continue in operation.
The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the accounts comply with the Charities Act.
They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees confirm that the accounts comply with current statutory requirements and those of the Charity’s Trust Deed.
Trustees as of AUGUST 31[st] , 2024:
Ruth Francis
David Lewis
Veada Walker
Marion Palmer
Sonia Billings
Tyrese Salmon
Approved by the BAM Board of Trustees on: ………………………………
Signed on its behalf by: ……………………………………………………….
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BAM Annual Report 2023-24
BAM _“Word. Worship. Witness”_
9
## **BETHEL APOSTOLIC MINISTRIES (WOLVERHAMPTON)**
**Financial Statements for the Year ended 31 August 2024**
Company number 7746641 Charity Number 1147464
## **BETHEL APOSTOLIC MINISTRIES (WOLVERHAMPTON)**
## **INDEX**
**for the year end 31 August 2024**
||**Charity Information**|
|---|---|
|**Page 1 to 8**|**Trustees Report**|
|**Page 9**|**Balance Sheet**|
|**Page 10**|**Statement of Financial Activities**|
|**Pages 11-14**|**Notes to accounts**|
|**Page 15**|**Independent Examiner's Report**|
## **BETHEL APOSTOLIC MINISTRIES (WOLVERHAMPTON)**
## **CHARITY INFORMATION**
## **Trustees/Directors**
V. Walker D. Lewis M. Palmer R .Francis S. Billings T. Salmon
Appointed August 2024 Appointed August 2025
**Company Number 7746641**
**Charity Number 1147464**
## **Registered Office**
72, Willenhall Road Wolverhampton West Midlands WV1 2HJ
## **Independent Examiner**
Gary Peter Brookes FCA BSc 130 Wombourne Park Wombourne South Staffs WV5 0LY
## **Bankers**
Lloyds Bank PLc The Bridge Walsall
## **BETHEL APOSTOLIC MINISTRIES (WOLVERHAMPTON)**
## **Statement of Financial Activities ( includes summary of income and expenditure) for the year ended 31August 2024**
|**Unrestricted**
**Funds**
**2024**
**£**
**Income**
**Income from charitable activities**
Donations
2 34,431
**Total Income**
34,431
**Expenditure**
**Charitable Activities**
Church Running Costs
3 27,243
**Total Expenditure**
5 27,243
**Net Income**
7,188
**Reconciliation of Funds**
**Total funds brought forward**
130,779
**Total funds carried forward**
137,967|**Restricted**
**Funds**
**2024**
**£**
-
-
-
-
-
8,350
8,350|**Total **
**Funds**
**2024**
**£**
34,431|**Unrestricted**
**Funds**
**2023**
**£**
30,241|**Restricted**
**Funds**
**2023**
**£**
-|**Total**
**Funds**
**2023**
**£**
30,241|
|---|---|---|---|---|---|
|||34,431|30,241|-|30,241|
|||27,243|29,219|-|29,219|
|||27,243|29,219|-|29,219|
|||||||
|||7,188|1,022|-|1,022|
|||139,129|129,757|8,350|138,107|
|||146,317|130,779|8,350|139,129|
There were no recognised gains or losses for 2024 or 2023 other than those included in the Statement of Financial Activities
10
## **BETHEL APOSTOLIC MINISTRIES (WOLVERHAMPTON)**
## **Balance Sheet as at 31 August 2024**
|Note
**Fixed Assets**
Tangible Assets for use by the church
7
**Current Assets**
Debtors
8
Bank & Cash
9
**Total current assets**
10
within one year
**Net Current assets**
**Total assets less current liabilities**
**Net Assets**
11
**The funds of the charity**
**Restricted Funds**
**Unrestricted Funds:**
General and Capital Funds
Designated Building Fund
**Total funds**
**Creditors :**amounts falling due|**2024**
£
£
91,990
7,593
47,659
55,252
925
54,327
146,317
146,317
8,350
125,967
12,000
146,317|**2023**
£
£
94,466
5,390
40,855
46,245
1,582
44,663
139,129
139,129
8,350
118,779
12,000
139,129|**2023**
£
£
94,466
5,390
40,855
46,245
1,582
44,663
139,129
139,129
8,350
118,779
12,000
139,129|
|---|---|---|---|
||55,252
925|46,245
1,582||
||||139,129|
||||139,129|
||||8,350
118,779
12,000|
||||139,129|
The directors have taken advantage of the Companies Act 2006 in not having these accounts audited under Section 477 (1). No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476
The Directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with s386 and s387 of the Companies Act 2006 and for preparing accounts which give a true and fair view of the state of affairs of the company as at 31 August 2024 and of its profit for the year then ended in accordance with the requirements of s396 and which comply with the requirements of the Act relating to the accounts so far as applicable to the company.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Signed and approved on the behalf of the Board on
Name
Company number 7746641
9
## **BETHEL APOSTOLIC MINISTRIES (WOLVERHAMPTON)**
## **otes to the accounts**
## **or the year to 31 August 2024**
## **Accounting Policies**
## **Basis of preparation**
The charity is a Charitable Incorporated Organisation and constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) second edition published October 2019, the Charities Act 2011 the and UK Generally Accepted Practice. The financial statements have been prepared on a going concern basis under the historical cost convention modified to include certain items at fair value.
No changes have been made to the financial statements for previous years unless otherwise stated within the notes as a prior year adjustment.
## **Funds**
**Unrestricted funds** are income funds which are to be spent on the church's general purpose.
**Restricted funds** are donations or grants received for a specific object or invited by the church for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund.
## **Income**
Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and Legacies are accounted for when the church is legally entitled to the amounts due. All other income is recognised when it is receivable. All incoming resources are accounted for gross.
## **Resources expended**
Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross.
## **Fixed assets**
Equipment is capitalised if it can be used for more than one year, and cost at least £1,000. They are valued at cost.
Equipment And Furniture @ 25% Reducing Balance Mininbus @ 25% straight line Building @ 2% straight line
11
## **BETHEL APOSTOLIC MINISTRIES (WOLVERHAMPTON) Notes to the accounts**
**for the year to 31 August 2024**
## **2. (a) Voluntary Income**
|Tithes And Offerings
Gift Aid Tax Refund
**3. Costs of Charitable Activities**
Premises Costs
Utility Costs
Depreciation
Transport Costs
Convention and Events
Ministry costs
Gifts and Donations
Insurance
Office costs
Small Equipment
Governance ( as below)
Communication
Bank Charges
Security Costs|**Unrestricted**
**£**
28,232
6,199
34,431
**£**
5,989
5,585
2,476
44
891
1,828
1,874
2,647
1,644
1,081
938
1,470
392
384
27,243|**2024**
**Restricted**
**£**
-
-
-
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total**
**£**
28,232
6,199
34,431
**2024**
**£**
5,989
5,585
2,476
44
891
1,828
1,874
2,647
1,644
1,081
938
1,470
392
384
27,243|**2023**
**Total**
**£**
24,398
5,843|
|---|---|---|---|---|
|||||30,241|
|||||**2023**
**£**
8,652
3,907
2,560
150
2,462
2,118
916
2,582
1,441
1,850
938
929
330
384|
|||||29,219|
## **4. Governance expenditure**
|Independent Examiner Fees
Companies House Charges|**2024**
**£**
925
13
938|**2023**
**£**
925
13|
|---|---|---|
|||938|
12
## **BETHEL APOSTOLIC MINISTRIES (WOLVERHAMPTON)**
## **Notes to the accounts cont'd**
## **for the year to 31 August 2024**
## **5. Net movement in funds for the year**
The net movement in funds for the year is stated after charging:
||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|Independent Examination|925|925|
|Depreciation|2,476|2,560|
## **6. Staff Costs**
There were no paid staff in the year
## **Trustees remuneration and expenses**
No remuneration or expenses were paid to the trustees in the year
## **7. Tangible fixed assets for use by the Charity**
|Cost as at 1 September 2023
Cost as at 31 August 2024
Depreciation as at 1 September 2023
Charge for the year
Depreciation as at 31 August 2024
Net book Value as at 31 August 2024
Net book Value as at 31 August 2023
**8. Debtors**
Gift Aid due
Other Debtor|**Church**
**Premises**
**£**
119,640
119,640
25,675
2,393
28,068
91,572
93,965|**Equipment**
**& Furniture**
**£**
10,662
10,662
10,161
83
10,244
418
501
**2024**
**£**
5,493
2,100
7,593|**TOTAL**
**£**
130,302|
|---|---|---|---|
||||130,302|
||||35,836
2,476|
||||38,312|
|||||
||||91,990|
|||||
||||94,466|
||||**2023**
**£**
5,190
200|
||||5,390|
13
## **BETHEL APOSTOLIC MINISTRIES (WOLVERHAMPTON)**
## **Notes to the accounts cont'd**
**for the year to 31 August 2024**
|**9.Bank and Cash**
Bank Account
Accrual
Other Creditor
**11. Funds**
**Brought**
**Forward**
**Restricted Funds**
Insurance Claim-Minibus
8,350
**Designated Funds**
Building Fund
12,000
**Unrestricted Funds**
Capital funds
100,000
General Funds
18,779
**Total Funds**
139,129
**10.Creditors :**amounts falling due in one year|**Income**
-
-
-
34,431
34,431|**2024**
**£**
47,659
47,659
925
-
925
**Expenditure**
-
-
-
27,243
27,243|**2023**
**£**
40,855|
|---|---|---|---|
||||40,855|
||||925
657|
||||1,582|
||||**Carried**
**Forward**
8,350
12,000
100,000
25,967|
||||146,317|
The minbus purchased using the National Lottery Community Fund was stolen The replacement will be purchased using the Insurance Claim received.
14
## **BETHEL APOSTOLIC MINISTRIES (WOLVERHAMPTON)**
## **Independent Examiners Report**
**For the Year Ended 31 August 2024**
I report on the accounts for the year ended 31 August 2024 set out on the following pages
## **Respective responsibilities of trustees and examiner**
The trustees ( who are also directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- (1) Examine the accounts under section 145 of the 2011 Act;
- (2) To follow the procedures laid down in the general directions given by the Charity Commission under section 145(5) (b) of the 2011 Act, and
- (3) To state whether particular matters have come to my attention.
## **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 that in any material respect :
- (1) accounting records were not kept in respect of the company as required by section 386 of the 2006 Act or
- (2) the accounts do not accord with those records
- (3) the accounts 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 accounts 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 ( FRS102).
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.
Name Gary Peter Brookes Relevant Professional Qualifications FCA BSc Address 130 Wombourne Park Wolverhampton South Staffs WV5 0LY
Date :
15
## **BETHEL APOSTOLIC MINISTRIES (WOLVERHAMPTON)**
**Financial Statements for the Year ended 31 August 2024**
Company number 7746641 Charity Number 1147464
## **BETHEL APOSTOLIC MINISTRIES (WOLVERHAMPTON)**
## **INDEX**
**for the year end 31 August 2024**
||**Charity Information**|
|---|---|
|**Page 1 to 8**|**Trustees Report**|
|**Page 9**|**Balance Sheet**|
|**Page 10**|**Statement of Financial Activities**|
|**Pages 11-14**|**Notes to accounts**|
|**Page 15**|**Independent Examiner's Report**|
## **BETHEL APOSTOLIC MINISTRIES (WOLVERHAMPTON)**
## **CHARITY INFORMATION**
## **Trustees/Directors**
V. Walker D. Lewis M. Palmer R .Francis S. Billings T. Salmon
Appointed August 2024 Appointed August 2025
**Company Number 7746641**
**Charity Number 1147464**
## **Registered Office**
72, Willenhall Road Wolverhampton West Midlands WV1 2HJ
## **Independent Examiner**
Gary Peter Brookes FCA BSc 130 Wombourne Park Wombourne South Staffs WV5 0LY
## **Bankers**
Lloyds Bank PLc The Bridge Walsall
## **BETHEL APOSTOLIC MINISTRIES (WOLVERHAMPTON)**
## **Statement of Financial Activities ( includes summary of income and expenditure) for the year ended 31August 2024**
|**Unrestricted**
**Funds**
**2024**
**£**
**Income**
**Income from charitable activities**
Donations
2 34,431
**Total Income**
34,431
**Expenditure**
**Charitable Activities**
Church Running Costs
3 27,243
**Total Expenditure**
5 27,243
**Net Income**
7,188
**Reconciliation of Funds**
**Total funds brought forward**
130,779
**Total funds carried forward**
137,967|**Restricted**
**Funds**
**2024**
**£**
-
-
-
-
-
8,350
8,350|**Total **
**Funds**
**2024**
**£**
34,431|**Unrestricted**
**Funds**
**2023**
**£**
30,241|**Restricted**
**Funds**
**2023**
**£**
-|**Total**
**Funds**
**2023**
**£**
30,241|
|---|---|---|---|---|---|
|||34,431|30,241|-|30,241|
|||27,243|29,219|-|29,219|
|||27,243|29,219|-|29,219|
|||||||
|||7,188|1,022|-|1,022|
|||139,129|129,757|8,350|138,107|
|||146,317|130,779|8,350|139,129|
There were no recognised gains or losses for 2024 or 2023 other than those included in the Statement of Financial Activities
10
## **BETHEL APOSTOLIC MINISTRIES (WOLVERHAMPTON)**
## **Balance Sheet as at 31 August 2024**
|Note
**Fixed Assets**
Tangible Assets for use by the church
7
**Current Assets**
Debtors
8
Bank & Cash
9
**Total current assets**
10
within one year
**Net Current assets**
**Total assets less current liabilities**
**Net Assets**
11
**The funds of the charity**
**Restricted Funds**
**Unrestricted Funds:**
General and Capital Funds
Designated Building Fund
**Total funds**
**Creditors :**amounts falling due|**2024**
£
£
91,990
7,593
47,659
55,252
925
54,327
146,317
146,317
8,350
125,967
12,000
146,317|**2023**
£
£
94,466
5,390
40,855
46,245
1,582
44,663
139,129
139,129
8,350
118,779
12,000
139,129|**2023**
£
£
94,466
5,390
40,855
46,245
1,582
44,663
139,129
139,129
8,350
118,779
12,000
139,129|
|---|---|---|---|
||55,252
925|46,245
1,582||
||||139,129|
||||139,129|
||||8,350
118,779
12,000|
||||139,129|
The directors have taken advantage of the Companies Act 2006 in not having these accounts audited under Section 477 (1). No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476
The Directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with s386 and s387 of the Companies Act 2006 and for preparing accounts which give a true and fair view of the state of affairs of the company as at 31 August 2024 and of its profit for the year then ended in accordance with the requirements of s396 and which comply with the requirements of the Act relating to the accounts so far as applicable to the company.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Signed and approved on the behalf of the Board on
Name
Company number 7746641
9
## **BETHEL APOSTOLIC MINISTRIES (WOLVERHAMPTON)**
## **otes to the accounts**
## **or the year to 31 August 2024**
## **Accounting Policies**
## **Basis of preparation**
The charity is a Charitable Incorporated Organisation and constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) second edition published October 2019, the Charities Act 2011 the and UK Generally Accepted Practice. The financial statements have been prepared on a going concern basis under the historical cost convention modified to include certain items at fair value.
No changes have been made to the financial statements for previous years unless otherwise stated within the notes as a prior year adjustment.
## **Funds**
**Unrestricted funds** are income funds which are to be spent on the church's general purpose.
**Restricted funds** are donations or grants received for a specific object or invited by the church for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund.
## **Income**
Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and Legacies are accounted for when the church is legally entitled to the amounts due. All other income is recognised when it is receivable. All incoming resources are accounted for gross.
## **Resources expended**
Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross.
## **Fixed assets**
Equipment is capitalised if it can be used for more than one year, and cost at least £1,000. They are valued at cost.
Equipment And Furniture @ 25% Reducing Balance Mininbus @ 25% straight line Building @ 2% straight line
11
## **BETHEL APOSTOLIC MINISTRIES (WOLVERHAMPTON) Notes to the accounts**
**for the year to 31 August 2024**
## **2. (a) Voluntary Income**
|Tithes And Offerings
Gift Aid Tax Refund
**3. Costs of Charitable Activities**
Premises Costs
Utility Costs
Depreciation
Transport Costs
Convention and Events
Ministry costs
Gifts and Donations
Insurance
Office costs
Small Equipment
Governance ( as below)
Communication
Bank Charges
Security Costs|**Unrestricted**
**£**
28,232
6,199
34,431
**£**
5,989
5,585
2,476
44
891
1,828
1,874
2,647
1,644
1,081
938
1,470
392
384
27,243|**2024**
**Restricted**
**£**
-
-
-
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total**
**£**
28,232
6,199
34,431
**2024**
**£**
5,989
5,585
2,476
44
891
1,828
1,874
2,647
1,644
1,081
938
1,470
392
384
27,243|**2023**
**Total**
**£**
24,398
5,843|
|---|---|---|---|---|
|||||30,241|
|||||**2023**
**£**
8,652
3,907
2,560
150
2,462
2,118
916
2,582
1,441
1,850
938
929
330
384|
|||||29,219|
## **4. Governance expenditure**
|Independent Examiner Fees
Companies House Charges|**2024**
**£**
925
13
938|**2023**
**£**
925
13|
|---|---|---|
|||938|
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## **BETHEL APOSTOLIC MINISTRIES (WOLVERHAMPTON)**
## **Notes to the accounts cont'd**
## **for the year to 31 August 2024**
## **5. Net movement in funds for the year**
The net movement in funds for the year is stated after charging:
||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|Independent Examination|925|925|
|Depreciation|2,476|2,560|
## **6. Staff Costs**
There were no paid staff in the year
## **Trustees remuneration and expenses**
No remuneration or expenses were paid to the trustees in the year
## **7. Tangible fixed assets for use by the Charity**
|Cost as at 1 September 2023
Cost as at 31 August 2024
Depreciation as at 1 September 2023
Charge for the year
Depreciation as at 31 August 2024
Net book Value as at 31 August 2024
Net book Value as at 31 August 2023
**8. Debtors**
Gift Aid due
Other Debtor|**Church**
**Premises**
**£**
119,640
119,640
25,675
2,393
28,068
91,572
93,965|**Equipment**
**& Furniture**
**£**
10,662
10,662
10,161
83
10,244
418
501
**2024**
**£**
5,493
2,100
7,593|**TOTAL**
**£**
130,302|
|---|---|---|---|
||||130,302|
||||35,836
2,476|
||||38,312|
|||||
||||91,990|
|||||
||||94,466|
||||**2023**
**£**
5,190
200|
||||5,390|
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## **BETHEL APOSTOLIC MINISTRIES (WOLVERHAMPTON)**
## **Notes to the accounts cont'd**
**for the year to 31 August 2024**
|**9.Bank and Cash**
Bank Account
Accrual
Other Creditor
**11. Funds**
**Brought**
**Forward**
**Restricted Funds**
Insurance Claim-Minibus
8,350
**Designated Funds**
Building Fund
12,000
**Unrestricted Funds**
Capital funds
100,000
General Funds
18,779
**Total Funds**
139,129
**10.Creditors :**amounts falling due in one year|**Income**
-
-
-
34,431
34,431|**2024**
**£**
47,659
47,659
925
-
925
**Expenditure**
-
-
-
27,243
27,243|**2023**
**£**
40,855|
|---|---|---|---|
||||40,855|
||||925
657|
||||1,582|
||||**Carried**
**Forward**
8,350
12,000
100,000
25,967|
||||146,317|
The minbus purchased using the National Lottery Community Fund was stolen The replacement will be purchased using the Insurance Claim received.
14
## **BETHEL APOSTOLIC MINISTRIES (WOLVERHAMPTON)**
## **Independent Examiners Report**
**For the Year Ended 31 August 2024**
I report on the accounts for the year ended 31 August 2024 set out on the following pages
## **Respective responsibilities of trustees and examiner**
The trustees ( who are also directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- (1) Examine the accounts under section 145 of the 2011 Act;
- (2) To follow the procedures laid down in the general directions given by the Charity Commission under section 145(5) (b) of the 2011 Act, and
- (3) To state whether particular matters have come to my attention.
## **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 that in any material respect :
- (1) accounting records were not kept in respect of the company as required by section 386 of the 2006 Act or
- (2) the accounts do not accord with those records
- (3) the accounts 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 accounts 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 ( FRS102).
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.
Name Gary Peter Brookes Relevant Professional Qualifications FCA BSc Address 130 Wombourne Park Wolverhampton South Staffs WV5 0LY
Date :
15