REGISTERED clUTy NUMBER: 1151605 ort of the Trustees and naudited Financil Statement5 for the Year Ended 31 March 2025 ror Bethel United Church ofJesus Christ osloli¢ Sheffield CIO Wilson Howe Limid Chartered Accountants 212A Bocking Lanc Greenhill Sheffi¢ld Yorkshire S8 7BP
Bethel United Church of Je$u$ Cbrist ostoll¢ sheie1d CIO Contents of the Financial Stalements for the Year Ended 31 March 2025 Page Reference and Admftni5trative Delails Report of the Trustees Independent Examiner'5 Report Statement of Financial A¢tiTr'ities 10 Balance Sheet Trlotes lo the Financial Statements 12 to 14 Detailed Statement of Financial Activitie5 15
Bethel United Church of Jesus Christ stolic Sheffield CIO Reference and Adminislratii'e Details for the Year Ended 31 ,Nlarch 2025 TRUSTEES W Modest (Chair) D M(Klest IS¢crclary) Mrs A Simpson (Trcasurcr) Mrs V Benn¢ti - Resign¢d 31.3.2025 E Walker- Resigned 31.3.2025 Mrs H Phipps- Resign¢d 31.3.2025 H Dallas Mrs D Modest G Swaby Mrs C Pinnock Mrs B Dallas D Dean - Appoinied 13.12.2023 E Swaby- Appoinied 16.10.2024 Miss C Whytc- Appointcd 16.10.?024 Mrs J Baum- Appoinled 01.06.2024 PRINCIPAL ADDRESS 336 City Road ShetTield S2 IGA REGISTERED CHARITY NulBER 1151605 INDEPENDENT EXMIIliER Wilson Howe Limited Chartered Accountants ?12A Bocking Lane Grccnhill Sheftield Yorkshire S8 7BP BAliKERS National Wesiminster Bank plc 42 High Streel sheiLld Si lQ(i Pag¢ I
Bethel United Chureh of Jesus Chrisl oslolic Sheffield CIO Re rt of the Trustees for the Year Ended 31 .Ilarch 2025 Th¢ iruslees pres¢nt iheir report with th¢ financial slatements of the chariry for the year ended 31 March 2025. The trustces havc adopicd ihe provisions of Accouniing and Reporting by Charities: Siaiement of R¢commended Practicc applicablc to charitie5 prcparing IhLir accounls in accordance with the Financial Reporting Siandard applicable in the UK and Republic of IrLldnd (FRS 102) (ct"f¢ilive l January 2019). OBJECTIN'ES AND ACTIVITIES Objectives and aims INTRODUCTIO.Y BLthLI United Church ot-J¢sus Christ {ArA)Stolicl Sheftield was established a Branch member of Bethel Unit¢d Church of Jesus C.hribt {Awslolic) UK, in 1963. The church is a charitable incorporated Organisalion (CIO) governed according to the consliiution daled l February 2016. The church bccame charitabl¢ incorporatLd Or¥anisation ICIO) in April 2013 to lake forward lh¢ work of ihe unincotporaled associalion. This decision was driven priniarily by the desire to thkc advantage of the separaic Icgal personality and limited legal liability for Trustees. Bethel United ChurLh of Jesus Christ (Apostolic) Sheffield CIO is currenily an Independent affiliate member of the Bethel Uniied Churcli of Jesus Christ IApostolic) UK. which pursues similar aims and signposts local beneficiaries to our services. OUR AIMS AND PURPOSE B¢thel Shettield h35 the responbibility of promoiing ihe Oneness Aposiolic Faith in Shcffield and th¢ Suound1ng areas. The whole mission of ihe church: evangelism and outreach- pastoral and so¢ial actio$. OUR OBJECTIVES AND ACTIVITIES Bethel Shcffield is committ¢d io ensure thai as many people as is possible come to worship at our local assembly and to be part of ihe communil), in Sheffield. Our services and worship put ihe Oncness Apostolic faith into practice ihrough pr¢aching ,praycrs, scripture. music and singing. Our dctivities lor the year are t"acilitated through the various auxiliary departments. When planning our actiN'ities consideration is given lo the charity commission s guidance on public benefit and in particular ihe specific guidance for the advancement of religion. Our comniunity. of faith lives oui Ih¢ir lives through worship and prayer and learning aboul the scriptures- the provision of pa5toriil care. Lvangclism and outreach work. It is ol-lhc utmobl importanLe to ensurc the upkeep of Ihc Church building at 336 City Road. Page 2
Bethel United Church of Jesus Christ ostolic Sheffield CIO rt of the Trustees for the Year Ended 31 Illarch 2U25 ACHIEVELIIENTS AND PERFolANcE Beth¢l Uniled Church of Jesus Chrisl (Aposlolic) Sheie]d is an inicgral pan of ihe ecclesiastical districi 3 of Beihel Uniled Church of Jesus Chris1 Aposlolic UK and Europe. we organise wcckly services, both in th¢ sanctuary and online for the church members and the general public. Religious aclivities l. Pasior s Report . Introduclion Greeting all brethren and OtIAcers b. Paslordl Care thai I have beeTJ involved with- _ ¢ Support for the elderly with long tenn healih issues ¢ Hospital Visits ¢ Honi¢ visils lo the shut ins ¢ Conduci Babj. Blessings ¢ Conducl Baptism ¢ paniLipating in PrayLr m¢clings ¢ Administering the Lords Supper ¢ Engaging in Dislrict 3 and national meelings Miiiistries and Programs ¢ The Auxiliary Departmenls youth, women's. Brotherhood have don¢ well ihroughout the year and iheir individual reports are byivLn below. ¢ Cummunity Engagement: The community outrea¢h work continues via ihe Coftee Morning and the FoodBank and ExerLise Classes and uihers. d. Financial Overview Tithcs and Offerings is th¢ n)ain financing of the ministry and il remains stsble over the yfdr Appreciation and Acknow'ledgements A spLcial thank you lo Ihobc brLihrL'n 'hO contributed time and effort lo the church's mibsion. I pray God thai you continue Ihe goud works. 2. Prayer Meeting Thc cliurch hLld a we¢kly prJycr meeting ever), Monday and also actively participaled in the Bethcl Nalional Weekly Prayer Linc. 3. Bible Study Sunday evening Bible study sessions were conducted, led by Broiher D'ain¢ Richard, who delivered ieaclu'ng on a variety of biblical topics. 4. B¢thcl Shcffield Womcn's Dcpartmcnt Pl¢asc sec below th¢ rcpon, which I hav¢ pr¢parcd from memory of what the sisters have compleled over the year. Pagc 3
Bethel United Church of Jesus Christ ostolic Sheffield CIO rt of Ihe Trustees for the Year Ended 31 llarch 2025 For the year ending March ?5. Ihe Women's Minislry coordinatcd a s¢rie5 of f¢llowship evcnls desi¥ncd to slrcngthen rclationships and encourag¢ spiritual conununiiy within the church. In May, Ihe team hosied an afternoon lea, providing a welcoming space for all to connect and suppon one anoih¢r. In July. a spa day offered rest and refreshmenl. pronioting wcllbeing among participants. Thc tcam a150 urg(Inibed lh¢ annual Christmas meal. M'hich included a besi-drc5sed competition to add warnith and celcbration to the oc¢a%ion. This event well attended and posilii'ely reCeI.ed. 5. BLilicl SlicrriLld Brotherhood Dcpanmcnl Social L vciit on broihcrhood Sunday. This is generally ,¢11 attended. ¢ Bowling cvenl {thc firsl one .2$ wcll atrendcd. We will try and do li again in the summer) ¢ Witnessing group ¢ W¢ supportcd our Disl. BroihLrhood me¢ting ¢ We had an all day meeting. We inN'ited Elder Spooner from the Gibson Road assembly ¢ Men Chat 6 Bethel Sh¢ffield Sunday School Dcpartment Annual Rcport Apnl ?024- March 20!5 Train up a child in ihe way he should go: and when he is olIL he will not depart from it (Proverbs 22..6) Sunday School orricials.. Sunday Scliool Superintendent.. Minister Merl Modesi TeaLhcrs Shcffield.. Sis AnnLlle Swaby, Sis Stacey Modest and Sis Louisc Modest ¢ Aiiendan¢¢ among Junioi Sunday School attcndecs has noi becn consisnI this year. and sadly we have seen a decline. El0.¢1,Cr, the leJchcrs hae remdin¢d dedicated, consislcntly planning lessons. preparing materials, and using Lquipment io make clabses eng£iging and interdL'tive. The confidenLe of ihe children who do attend has continued io grow. as be¢n iii their ability to share knowledge of OUT Lord and Saviour Jesus chri boldly-both at ihe end of lessoLs and when presenling their leaming in the main church service. ¢ The Year 9+ class has remained r¢laiivcly consislent in aitendance and participaiion tbroughoui ihc year. The young people have shown a sleady commiimenl to learning. engaging with scriplu, and supporting one another in thcir spiritual growlh. Their H'illin¥nL'SS to ask qULSlions. %hare rsonal retlections, and contribule lo discussions has created a nurturing Lnvironmcnt ivhere taith can be explored and strengthened. ¢ A particularly joyful highlight w'as Ihe decision of one child lo accept Jesus Christ as Iheir Lord and Saviour. This profound slep of faith 'aS followed by their baptism in 'aler. a momeni Ihal was both n)oving and Anspiralional for the entire congrL'gyaiion. Witn¢ssing a )'oung PLrson publicly declare thcir faith seTr'ed as a powerful remindcr ofthc impact of consisient Icaching, encour2gcment, and the work of the Holy Spirii in ihe lives of our youlh. ¢ The class coniinucs lo build un this mornenlum. w'ith students demonstrating grealer Lonfidence in prayer, scriplure redding, and applying bibliLal principles 10 Ihcir dail). lii'es. Thcir groth retleLts the importanLe of proi'iding d safe and 5UPPOrtive space where young people Can encounter Gi)d personally and be equipped io live out their faiih boldly. ¢ On Youth Sunday. Ihc children participalc in Ihe inain servicc. They enjoy singing in the choir, Icading praisc and worship alongside the adults, reading scripture, gILg prcsculations, and playing instnlln¢nts. At the clos¢ of the servi¢¢. the children often receive a prayer ot covcring. c.U1CuluM ¢ Our leaching curriculum is delivered in focused progrdmmes across 4&week periods. promoting the fundamental8 of Chrislian doctrine ihrough songs. science experiment%, and homework. This approach has been a great &ssel lo the childrcn. while also h¢lping Icachcrs managc class lim¢ morc clTcclively. ¢ All children are encouraged to contribule fully in lessons. We invite them to discuss each topic and mak¢ connectlons to Iheir own expcriences-for ¢xample, at school or within their home environmcnl. Page 4
Belhel Unil¢d Church of Jesus Christ ostollc Sheffield CIO ort of the Trustees for the Year Ended 31 ,%lar¢h 2(125 ¢ Childrcn particularly cnjoy hands-on aciivities and interaciive role play. which bring oui the ess¢nce and meaning of ihe lesson while deep¢ning their understanding of scriptur¢. ¢ We extend our sincere thanks lo the par¢nls who continue to invest their time in supporting the children as they Cultivate and dLvLlop a relationship with God. ¢ Sister Annette Sth'aby 7. Youth Depanmenl Bcthel Sheffield Youih Depl 20?4-2025 Thcme: I Speak Jcsus Leadership Team.. E Swdby; S tiunler. S Swaby Coniinuation.. Tucsday and 4th Sunday Servic¢s, Youih Club, and LLarn an InstTum¢nt. Activilies includc faith fellowship. fun aclivities. skills and personal development. Youth continue to be inN'olved in Youih lellowships ai Local, District and National L¢vcl The leam is Lollaboraling with Beihel ShetTield Safeguarding Leadership to review ihe Children and Young People's Safeguarding Policy Documenl. and offering consulthtion and feedback based on experiences. Thc I'ouih and icam continues to participate in the co-production of Districl 3 Evenis and planning including a youth residential and away days. Thcrc are plarLS undcnvay for volunleer youih io assisi w'ith thc yeals planning and proposals for all fului¥ D3 you ei'ents wilh training and suppon. Many Youth have signcd up to parti¢ipaie in the D3 Youth Council Forum. SuLLesses Increase in teenage involvement and developmenl. Team provides youth meniorship and is developing a model for this. Bak¢ 5a1¢ conlinues lo be a 5ucccss in bringing funds in for future youth events and funding options have been explored. The Tcam encourages parcnt participation as voluntccr chapcrones lo maintain hcalthy family relationships. Youth atlcndance is 15 ranging from age l O 10 16 years Old Challenges.. Attendance during mid week events is lower due. Parenis have requesied that evenis are held on Fridays to suppon with transport and educalioii 8. Stcpping oui walking group 2024-2025 AChicement The Stepping out walking group started in January 2018. The walks takes plaLe every W¢dne>day t.rom Iodm. Localions of the walks are from various areas in and around Sheffjeld. Chesterfield and Roiherham. Attendanc¢ ranges from 4- 16 per50n5 each weel on avcrnge we walk from 3 - 5 miles , all agcs and abiliti¢s are cncourag¢d lo participate. ThL' group ib a racially divcnse group ofmal¢ and lemale, living in Shcffield, Chesterfield and Rotherham. Pagc 5
Bethel United Church of Jesus Christ stolic sheIe]d CIO ort of the Truslees or the Year Ended 31 llareh 2025 Group members are ¢ncourdge to invite iheir family and friends to join thc £roup at anJ1ime. As well as having a strong group of r¢¥ular members. we also hav¢ a nuinber of family and friends that join us as and w'hen they can. Wc also encourage our children and grandchildren lo Joln us during school holidays. During these times we usually try and incorporate a walk 'ith a playground so Ihe childrcn can play togeiher. li's importani that each member l-eels important and valued in the group, we do this by :_ having a birthday lisl and sending happy birthday wishcs io each other in Ihe group. ' Keeping An touch with rcgular memb¢rs who stop coming. lo ensure th¢y are ok. visiling and support group nicnibers who arc sick. We often stop for a coffce after our walks and look forward to OUT annual Chri.slrnas meal. Some of the benefils shared by members are of improved physical and mental sir¢ngth and wellb¢ing, thai ihey are noijust group m¢mbets bul now friends and ihc walks are someihing to look fonvard io each week. 9. Hopcwell CotT¢¢ Morning l Foodbank April 2024 10 March 2025 Hopewell Coffee Morning is managed by a group of volunleets from Bethel Church and the wider Shetyield Community. It runs aclivilies every Wednesday MoTning and provides a range ofbreakfa51 choices every 2nd Saturday ofthe month. 10. Black His10ry Monih ?024- Event Report Date: 5th Oclobcr 2024 LoLation.' Bethel ApoJ&tolic Church on City Road Overview In celebration of Black Hisiory Month 2024. we hosied a special ei'enl focused on niental health awareness ivithin the Black coniniunity, particularly amon¥ youth and young adulis. This year's theme centred on breaking the sligma around nienlal h¢dlth, crcating safe spaccs for opcn discussion, ¢ducaiion, and community support. The event brought together community memkrs, professionals. and young people for a day of insighiful conv¢rsations, shared experiencLS, and inleraclive aclivities, all aimed al empow'ering attendees and promoting mental wellness. Kcy Highlights (yuesi Speakers & Sessions We were honoured to welcome a number of guest speakers and organisaiions who bmughi iheir knowledge and lived experiences to ihe forefront.. Mental H¢alih Professionals IMtND)-. Spcakcrs from MIND discusscd the importanc¢ of mentsl health. common challenges within th¢ Black community, and how lo acce55 SUPPOrt. They also Provided practical tools for menlal wellness and 5elf-care. SACMHA Health & Social Care". The team trom SACMHA shared iheir expertise in culturdlly sensitive mental health support seTr'ices. They explored how Ih¢ir organisalion addresses Ihe unique menial healih needs of African. Caribbean. and oiher n)arginalised ¢on)munities. and highligyhted current initiati.¢S aimed al increasing community engagement. ' NSPCC (Youth & Young Adult Foeus)". R¢prcscntatives Irom ihc NSPCC presented on mcntal health challenges among children and young adults, especially those diagnobLd 'Ith mLntal health conditions. They emphasiSLd lh¢ importance of early inleTh'ention and the role of 5dfe&iuarding in menlal ivellbcing. Community Engagement Questionnair¢ Page 6
Bethel United Church of Jesus Christ stolic she1¢]d CIO ort of the Truslees for the Year Ended 31 .Ilarch 2U24 A qu¢slionnairc was distributed during ihc event to collect feedback on panicipants, cxpcriences and gathcr suggestions for plannin¥ futurc events. Responses will ¥uid¢ us in tailoring content. speakets, and activities lo beiier m¢¢1 thc cominunity's n¢¢db going forward. Lunch & Networking A light lunLh was provided. offering attendees the chance to network. relax. and rcfleci on the sessions. This infomial time h¢lp¢d lo%ter a sense ot- community and opennes5 around mentsl health discussions. Conipetilion & Prizes To engage aiiendLLS in a fun and crealive way, w¢ held a prize draw. Giving I st 2nd and 3rd prize to the winners. Conclusion & Ncxt Sieps Tliis yeavs Black Hisiory Month cvcnt was a meaningful step toward d¢stl8malising mental health in our community. The lumoul and ¢ngagemenl contirmed thai there is a strong inleresl in continuing thes¢ conversalions and providing ongoing suppot1. The feedback from our quesiionnaire will inform the planning of future events. ensuring they remain relevant. inclusive, and impaciful. Wc cxtcnd our sincere thanks to all speakers. partner organisaiions. volunteers, and att¢ndccs for their support and participation. Togcth¢r, w¢ arc building a stronger. more supponivc community that r¢¢ognis¢s the importanc¢ of mcntal health and celebraics Black hislory with pride. FIIYANCIAI. REVIEW Finaneial Reviem. Totsl receipts on ordinary untcslricted funds were £68,76012024= £79.747) and are detailed in the financial statcments. £38,280 12024.. £33,298) was spent to provide the Christian ministry. Including ihe tithes. H,hich larg¢ly provides the stipends lor the minister. A t"urther £40.978 (?024'. £48.638) was spent on establishmenl and admtnistratiwe Losts during the yeaT. The net result lor the year was a deficii of £4.536 (2024.. qUTplus £2.991) and adding bank and depo8ii balances brought fonvard at thc b¢ginning? of Ihe year. the balances carried forward al 31 March 2024 for unrcstricted funds lolallcd £331.434 12024.. £335,970). The property was revalued 2015 10 a value of £300.000 and the carying value of this asset has been revieivcd but unchanged in Ihese accounts. An up lo date revaluation has been soughL though the cosl of underLqking this exerLise fur accounting puq)oses has made this process unlenable. li was decided that the lunds would be betler spent on funhering the charities objeclives. Reserves policy It is BLihel Unitcd Church of Jesus Chrisl (Apostolic) SheIeld polic). to mainlain reserve in Iw'o fom)s. Property from which it operateb trom liquld funds". Thcse are for use in the tiiture projects bUPPUrting the charity s objectiveb. Page 7
Bethel United Church of Jesus Christ ostolic Sheifield CIO rt of the Trustees for the Year Ended 31 Nlarch 2025 STRUCTURE, GOVERNANCE AND IlANAGEMENr GovtrDing document The charity 15 controllcd by its govcrning documenl, a d¢¢d of tn( and constitut¢s an unincotpordled charity. Organis4tional structure The m¢mber5 Ot. the Lharity are individuals. cotpordte bodies, or representatives of Organisation that are nvl incorpurdled; who undertake to act in g(M)d faith io further the putposes of the charity. The affairs of the charity ar¢ managed by the Truslees. There rn$t b¢ at least three ttustees. Members or TnteeS may appoint new Truslees at any lim¢. Dccisions are madL by simple majority of voles ai a m¢¢ting ot"Trnsiees or by r¢solulion in writing or in electronic fonn and agreed by all Trubtees. Induction ot Truslees is overse¢n by the Chair. The day to day managemeni of the affairs of Ihe chariry arc delegated to the Chair. Risk management Thc trustCLS havL a duty to identify and review thc risks to wlll'ch the charity is exposed and to eTLsure appropriate controls are in place lo provide reasonablc assurdnce againsi fraud and error. Approved by order of the board of truslees on ......................................... ... and signed on its behalf by: W Modest (Chair) - Truslee Page 8
Inde endent Examiner's Re ort to the Trustees of Bethel United Chur¢h tsfJ¢5U5 Christ ostolic Sheffield CIO Independent examiner's report to the trustees of Bethel UnAted Chureh of Jesus Christ (Apostolic) Sheffield CIO I report to the charity tnlslees on my exaniination of the accounls of Bethel United Chuwh of Jesus Christ (Aposlolic) ShetTield cio Iihe Trust) for Ihc y¢ar end¢d 31 March 2025. Responsibilitie5 and basis of report A% Ihc charity trustecs olihe Trust you are sponsIble for ihc prepliraiion of the accounts in accordance with the requirements vf thL Charitics Act 2011 ('thc A¢t'). I report in respect of my examination of the Trusl's accounls Caled out under Section 145 of the Act and in carrying out my examinalion I havc followcd all applicable Direciions giv¢n by the Charity Commission under Seciion 145{51{b) of the Act. Revaluation of Property There hag been a departure trom the accounting standards in respecl ot.the ongoing valuation ot the building. The building was previously r¢valucd ahead of subs'tanlial repair works io ihc roof io facilitalc a loan to fund Ihe works. In line H'ith accounting st<mdards. the building should be rel'alued each year by a compelenl and qualified individual. l am aw4ire that elTorts have been made lo engage the services of a professional io cary out ihis exercise. though the cosls of the r¢valuation, due to thc spccific nature of usc of thc building. h&s led io thc practical dccision to not incur these cosls. As a resuli. the property held wiihin Fixed Assets may noi be valued accurately. The associated transaction would be an increase or decrcase in the general unreslricted tiinds. This potenlial inaccuracy would not at7ecl any oihLr asp¢cl ol. the Lharity, il docs not give rise to any movcmcnt in the c&%h balances. nor does li ¢ast doubt over the ability of the charity lo continue operating into the future. Independent cxaminer's 5tatemcnt I have compl¢ted my ¢xaminaiion. I conlirnl that no other material matters have come to my attention in comieciion with the examination giving me cause to believe thal in any material rc5PCCt- accounling records were not kept in respe¢t of ihe Trnst as required by Section 130 ot'the Act; or the accounts do not accord with those recL)rds- or the accounts do not coinply w iih the applicable r¢quirements concerning the form and conlenl of accounts sel out in Ihe Charities IAccounts and Reports) Regulations 2008 other than any requiremeni thal th¢ accounts give a true and fair vicw which As not a malter considered as part of an ind¢p¢nd¢ni ¢xaminaiion. I have no concerns and have come across no other maltcrs in conneclion wilh the examination to which atlention should be drawn in this rcport in urdLr io enablL a propcr understanding of tho accounL% lo bc rcachcd. Matthew Howe FCA Wilson Howe Limited Chartered Accountants 212A Bocking Lane (ireenhill Shefyield Yorkshire S8 7BP Dale.. Page 9
Bethel United Church of Jesus Christ o$tolic Sheffield CIO Stalement of binancial Actii-ities for the Year Ended 31 larCh 2025 31.3.25 Unrestrieted fund Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 68,760 79.747 Invcslment in¢omc 5,840 Total 75,412 85.587 EXPENDITURE ON Charitable a¢ti%'ities Resources expended 38,970 33.958 Administration expenses 40,978 48.638 Total 79,948 82.596 ET INCOI¥IEI(EXPENDITbRE) (4,536) 2,991 RECONCILIATION OF FUNDS Tul<il tunds brought t"oni'ard 335.970 332,979 TOTAL FUNDS CARRIED FORWARD 331.434 335,970 The notes forn] part ofthese fmancial slalements Pag¢ 10
Bethel United Chureh of Jesu$ Cbrist ostolic Sheield CIO Balance Sheet 31 ,1lar¢h 2025 31.3.25 Unrestricted fund 31.3.24 Total funds Noles FIXED ASSETS Tangible &sseL 313,636 319,260 CURRENT ASSETS DLb(uis Cash at bank and in hand 1.288 17,199 21,299 21,299 18,487 CREDITORS Amounts falling due within one year (3.501) {1.777) ET CURRENT ASSETS 17,798 16.710 TOTAL ASSETS LESS CURRENT LIABILITIES 331,434 335,970 NET ASSETS 331.434 3.35,970 FUNDS Unreslricled funds 331,434 335,970 TOTAL FUNDS 331,434 335,970 The findllLial stalen)ents were approved by the Board of Truslees and authorised for issue on............................................. wcrc signed on its behalf by: W Modebl (Chair) - Trusiee The notes forni part of these financial statemenls Pagell
Bethel United Church of Jesu$ Christ ostolic Sheffield CIO Notes to the Financi41 Statements for the Year Ended 31 [arCh 2025 ACCOUNTING POLICIES Basis of preparing ihe financial statements The tinanciiil statcmenls ot. Ihc charity. w'hich is a public bL'ncfit entity under FRS 102. have bLen prepared in dLLordiince with thL Charities SORP IFRS 102) 'Accounting and Reporting by Charities: Stalement uf Recommended Practice applicable to charitie5 preparing their accounts in accordance V¥'ith the Financial Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 102) (effeciive l January 2019),, Financial Reporting Standard l O? 'The Financial Rcporting Standard applicablc in the UK and Rcpublic of Ireland, and the Charities Act 201 l. The flnancial slat¢nicnts havc bccn preparcd undL"r the historical cost convention. Income All incvmc is recognised in the Statement of Financial Act1'111e5 oncc tho charity has entitlement to the funds, it is probable thal the income w'ill b¢ r¢ceived and the amount can be measured r¢liably. Expenditure Liabilities are reco¥nis¢d as cxpcnditure as soon &$ IhLrc is a leoal or construclive obligation committing the charity lo Iliat expendirur¢. il is probable that a transf¢r of economic benefits will bc rcquired in s¢ttlcmcnt and the amount of Ihe obligation can be measured reliably. Expcnditurc is accounled for on an accruals basis and has been Cla1t1¢d under h¢adings that aggregate all cvs1 related to the calegory. Where Losts cannoi be direLtly attributed io particular headings they have been allocated lo activities on a b&sis consistent with the use of resources. Tangibl¢ fixed assets Depreciation is provided al Ihe following annual rates in order to wriie off each assel over its cslimated useful life. Freehold property Fixtures and tittings not provided 2510 on cost Fixed a55ets are capiialised in the accounls where their initial cosl is a value of greater than £200. items lower than Ihis ainounl are expensed through the Ststement ol Financial Activilies Taxation The chdrily is exempi from tax on its charitable activities. Fund a¢¢ounting Unr¢stricled funds can be used in accordance with the charitsble objectives al the discretion of the truslees. Restricted funds can only be used for particular rcstricied purposes within ihe objects of thc chariry. Restrictions arisc when specified by Ihe donor or when funds are raised for particular rcsiricicd purposes. Further explanation of th¢ naturc and putpose of each fiu)d is included in the notes to ihe financial 51alements. Page 12 continued...
Bethel United Church of Jesus Christ oslolic Sheifield CIO .Yotes lo Ihe Finaneial Slatemenls - continued for the Year Ended 31 Illarch 2025 INVESTMENT INCOME 31.3.25 31.3.24 Rent% receivcd Deposit acLounl interest 6.500 152 5,600 240 6.652 5.840 CHARITABLE ACTIVITIES COSTS D1ct Costs Support osts Totals Resources cxpcnded 38JllO 690 311,970 TRUSTEES, REMU.YERATION AND BENEFITS W Modest reLeived a Stipend of £12.914 (2024.. L12.914) H Dall85 received paymcni of £2,?86 (2024: £2,277) for lh¢ cleaning of the Church Building Modest and Co Financial Services. a business owned by D Modesl. is paid £ 1.116 {2024: £850) for the Gift Aid Adminislralion. Trustees, expenses There were no trustees. expens¢s paid for th¢ year endcd 31 March 2025 nor for the year cndcd 31 March 2024. TANGIBLE FIXED ASSETS Fixtures F¢hOld properly Compuler equipmenl filtings Totals COST Ai l April 2024 and 31 March 2025 31bO,000 65,629 3,238 368,867 DEPRECIATION Al l April 2024 C-harge for year 47.448 4.545 2.159 1.079 49.607 5,624 Ai 31 March 2025 $1,993 3.238 55.231 NET BOOK VALUE At 31 March 2025 300.000 13.636 31.1.636 At 31 March 2024 300.000 18.181 1,079 319.260 Page 13 continued...
Belhel United Cbur¢h of Jesus Chri$t ostolic Sheffield CIO Notes lo the Financial Statements - continued for the Year Ended 31 llarch 2025 DEB TORS: AMOUNTS FALLING DUE WITHIN 01¥4E YEAR 31.3.25 31.3.24 Other debtOTS 1.288 CREDITORS.. AMOUNTS FALLING DUE M'ITHIN ONE YEAR 31J.25 31.3.24 Bank loans and ovcrdrafts (see note 8) Oiher Lreditors 2.811 690 660 1.777 LOANS An analysis of ihe maiurity of loans is given below: 31.3.25 31.3.24 Amounis falling due within one year on demaod: Bank loans 2,811 117 RELATED PARTY DISCLOSURES There were no related party trdnsactions for the year ended 31 March 2025. Page 14
Belhel Uniled Church of Jesus Christ ostolic Sheffield CIO Detailed Statement of Financial Actii'ities for the Year Ended 31 .Ilarch 2025 31.3.25 31.3.24 INCOME AND ENDOW]¥IENTS Donations and legacies Donations and offerings Gift aid 59,087 9,673 60,392 19.355 68.760 79.747 Investment income Rcnts receivcd Deposit account interest 6,500 152 5,600 240 6.652 5.840 Total incoming resour¢es 75.412 85,587 EXPENDITURE Charltable activities Stipends Mission and Ministry COSL EN'angelism & special events costs Ecclebiaslical support cost% 18,217 4.992 8.776 6,295 15.600 3,208 8,400 6.090 38,280 33.298 Administrgtion expenses DLpr¢ciation nlerest payabl¢ and similar ¢harg¢s Admini5tratlVL' cxpens Property repairs Miscellaneous Insurance Utililics Repairs and rcnewals 5,624 3.602 6J16 6,892 1,184 1,890 14,796 674 7.829 943 10,650 10,129 1.145 1,555 15,171 ,216 40,978 48,638 Support costs Goi'ernance costs Accounidncy and legal fees 690 660 Tolal resourc¢s cxpended 82.596 Net {expenditur¢)lincome 4,536) 2.991 This page does noi fomi pan olthe stalulory flnancial siatemenls Page 15