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2021-03-31-accounts

Bethel Trust Port Talbot (CIO)

Bethel Trust Port Talbot

CIO

TRUSTEES' REPORT AND UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31st March 2021

Charity number 1157288

Bethel Trust Port Talbot, Sandfields Road, Aberavon, Port Talbot. SA12 6LR

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Bethel Trust Port Talbot (CIO)

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Dr Elizabeth Hill O’Shea Margaret Rose Anthony Hill O’Shea Rev Michele Matthews Mr Wayne Morris Secretary Rev Shaun O’Keefe Chair Dr Elizabeth Hill O’Shea Registered Office Bethel Trust Port Talbot, Sandfields Road, Aberavon, Port Talbot. SA12 6LR

Governing Document

Bethel Trust Port Talbot is governed by its Trust Deed dated 3 June 2014 amended on 28 Jan 2016 and as amended on 16 Aug 2019.

Bethel Trust Port Talbot is a CIO incorporated on 3 June 2014.

Bankers Natwest Bank Plc Independent Examiner Mr Michael Treharne. BA, PGCE. UK National Director Bridges for Peace Ltd 23 Alma Road, Maesteg, Bridgend, Mid Glamorgan. CF34 9AW

Registered Charity No. 1157288

Incorporated in England & Wales.

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Bethel Trust Port Talbot (CIO)

Contents

Cover 1
Legal and administrative information 2
Contents 3
Trustees' Report 4-7
Independent Examiners Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 11-12

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Bethel Trust Port Talbot (CIO)

TRUSTEES' REPORT FOR THE YEAR ENDED 31st MARCH 2021

The Trustees present their report and the financial statements of the charity for the year ended 31st March 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.

TRUSTEES OF THE CHARITY

The trustees who have served during the year were as below:

Dr Elizabeth Hill O’Shea Margaret Rose Anthony Hill O’Shea Rev Michele Matthews Mr Wayne Morris

OBJECTIVES AND ACTIVITIES

The objects of the CIO are, for the public benefit, the relief of persons who are in need by reason of financial hardship, ill-health, unemployment, homelessness, education and such other economic or social disadvantage. In addition, for the public benefit, the advancement of the Christian faith in such ways as the charity trustees may from time to time decide.

The charity undertakes this work primarily through Bethel Community Church, which:

The charity operated from the former Salem Welsh Congregational Church building, which was purchased by the Trust in December 2017.

The work is supported by individuals who volunteer their time and donate their time and resources to help the charity further its objects. The Trustees would like to thank all those who have supported the charity over the year.

PUBLIC BENEFIT STATEMENT

When planning our activities for the year, the trustees have considered the Commission's guidance on public benefit and the specific guidance on charities for the advancement of religion.

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Bethel Trust Port Talbot (CIO)

CHAIRS’ REPORT 2020-2021 Dr Elizabeth Hill O’Shea

This year has been an unprecedented year for many when 2020 saw the explosion of Covid on to the world scene. Despite this, it was a busy year at Bethel Trust as we made adjustments to not only accommodate Covid restrictions into the everyday activities of our charity, but also to how we were going to deliver ongoing support to our local community.

When the first lockdown took place in Wales, many people locally were struggling to either get out to buy food or were unable to afford food. In response we decided to apply for funding in order to develop our food poverty project into a full-blown Foodbank. Even though we had to temporarily close our doors as a Drop-in Centre whilst lockdowns were in place, we began a Foodbank delivery service providing free food to between 350 – 400 members of the public every week throughout most of 2020 and early 2021. It was a big response project for which the Trustees are immensely grateful for to our wonderful team of volunteers. We are also very thankful to have received funding from the following organisations who gave to make this project happen:

Their funding enabled us to purchase for the Foodbank large quantities of food, fridges and freezers, carrier bags, PPE, cover utilities, insurance for the charity outreach van, and also provide transport costs for volunteers. We would also like to thank the People’s Postcode Lottery who provided funding for a mezzanine floor in our building, but I will explain more of that in next year’s Chair’s Report.

In addition to our own volunteers who delivered food, we are also very grateful to the charity, Men’s Marauders Port Talbot, who also worked hard to deliver foodbank food parcels locally. Throughout much of the time we were running our busy foodbank, Men’s Marauders provided around ten drivers twice a week (fifteen around Christmas) delivering large food parcels to people in Port Talbot, Neath, Briton Ferry, Resolven, and Glynneath. For Christmas 2020, they helped to deliver over 100 Christmas food parcels to people in need, which included meat as well as vegetables, fruit, bakery and sweet items. The trustees would also like to thank local butcher Peter Eaton and residents from the local community who also generously donated food to our Foodbank.

Bethel Trust would not run without its amazing volunteers who work hard week in, week out. Covid didn’t change that. Indeed, many of our volunteers who worked in the foodbank worked even harder as they sorted and packed food, arranged deliveries and carried heavy boxes and bags of food for delivery to residents throughout Neath Port Talbot – all with social distancing in place. The Trustees at Bethel Trust would therefore like to give a huge thanks of appreciation to all our charity volunteers. Without you, this work just wouldn’t take place.

Another interesting development was the transformation of our charity shop into a Food Discount Shop. We found that there wasn’t a great demand for used clothing, bric a brac etc., but a greater need for food. We therefore started purchasing food from Fareshare so local people could come shopping and purchase food from our shop, which is open three afternoons a week, for donations only. Indeed, for those who can’t afford to pay, we just provide the food for free.

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Bethel Trust Port Talbot (CIO)

We would also like to thank the Willats Trust who provided funding to one of our workers for outreach purposes. Despite movement restrictions and that people weren’t coming into the building during lockdowns, our worker turned to delivering foodbank food each week, and was able to engage with local residents on their doorsteps, supporting them and having meaningful conversations with them whilst they were self-isolating. Indeed, during one delivery, an elderly man he delivered food to each week was not answering. Our worker reported his concern to the Police, who broke down his door and found him collapsed on the floor. That intervention probably saved his life.

The time of writing this report, January 2022, is an exciting one for Bethel Trust with a new mezzanine floor recently installed, creating two additional rooms which will enable to us assist more people in our local community. We are looking forward to the launch of new projects in 2022: Bethel Debt Centre, Bethel Baby Bank and a Mental Health Project. But more on that next year.

We have been able to reopen our doors, albeit tentatively, and the community has started coming back in. We have social distancing in place, hand sanitizer and PPE freely available. Despite the fact that Covid is still very much with us, we are hopeful and look forward to serving the community in the year ahead, helping to alleviate poverty, empower volunteers, and support people struggling with addiction and mental health problems.

I would like to formally thank everyone who has supported the work of Bethel Trust Port Talbot this past year, especially to the committed team of leaders, Trustees, and all our volunteers who work selflessly for the benefit of the charity and local community. I would also like to thank Pastor Shaun O’Keefe and Pastor Wayne Morris, who work voluntary at Bethel Community Church and who provide much appreciated spiritual support to members. Their prayer and support for everyone and all the projects is invaluable.

We would also like to express our appreciation to Fareshare, Neighbourly, local supermarkets including Morrisons, Tesco, Aldi and Lidl, NPT social services, and local PSOs, all of whom have either provided practical, advisory or financial support for the work of the charity. We very much appreciate your support.

Rev. Dr. Elizabeth Hill O’Shea

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Bethel Trust Port Talbot (CIO)

STRUCTURE, GOVERNANCE AND MANAGEMENT

The work of the Trust is led on a day-to-day basis by Rev. Dr. Elizabeth Hill O’Shea who is the Founding Director and by two assistant Pastors – Rev. Shaun O’Keefe and Rev. Wayne Morris – and other Ministry Leaders appointed by them and the other trustees.

The Trustees meet regularly to review the work of the Trust, give future direction, oversight and to ensure good governance.

FINANCIAL REVIEW (INCLUDING RESERVES POLICY)

The trustees recognise that a financial reserve would be good practice however, as a small church finances care not currently enough to build a financial reserve.

RISK STATEMENT

The trustees have conducted their own review of its major risks to which the charity is exposed and systems have been established to mitigate those risks.

TRUSTEES RESPONSIBILITIES

Charity 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 Trust as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure for the financial year.

In preparing those financial statements the trustees should follow best practice and select suitable accounting policies and apply them consistently, make judgments and estimates that are reasonable and prudent and prepare the financial statements on the going concern basis unless it is inappropriate to assume that the Trust will continue on that basis.

The trustees are responsible for maintaining proper accounting records, which disclose at any time the financial position of the Trust and to enable them to ensure that the financial statements comply with charity legislation. The trustees are also responsible for safeguarding the assets of the Trust and hence for taking responsible steps for the prevention and detection of fraud and other irregularities.

APPROVAL

The report was approved by the trustees and signed on their behalf on 19[th] January 2022.

Rev. Dr. Elizabeth Hill O’Shea Founding Director and Trustee

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Bethel Trust Port Talbot (CIO)

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF BETHEL TRUST PORT TALBOT (CIO)

I report on the accounts of the charity for the year ended 31st March 2021, which are set out in the attached statements.

Responsibilities and basis of report

As the charity trustees of the charity you are responsible for the preparation of the accounts 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 your 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

Since the charity’s gross income was below £250,000 I am competent to undertake the examination as a competent person.

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; or

  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.

There are no concerns that I have come across 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.

Mr Michae. Tr:harne. BA, PGCE. {JK National Director Bridges for Peace Ltd 23 Alma Road, Maesteg, Bridgend, Mid Glamorgan, CF34 9AW

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Bethel Trust Port Talbot (CIO)

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31st MARCH 2021

Notes
Income
Charitable activities
Donations and gifts
Gift aid tax recovered
Grants
Investment Income
Other Income
Total Income
Expenditure on Charitable
Activities
Church Ministry
Social Action &
Community
Buildings & Maintenance
Travel
Staff and Volunteers (inc.
training and expenses)
Running and Support
Costs
Charitable Donations
Other expenditure
Total Expenditure
Net Income (Expenditure)
Total Funds brought forward at 1
April
Total Funds carried forward at 31
March		 Unrestricted
funds
£
Restricted
Funds
£
Total 20-21
£
Total 19-20
£
562
- 562
3,594
8,775
-
8,775
10,032
-
-
- -
8,500
61,022 69,522 34,806
-
-
- -
9
-
9 331
£17,846
£61,022
£78,868 £48,763
1,331
-
1,331
1,143
355
17,499
17,854
8,387
3,053
11,011 14,064
10,210
-
2,717
2,717
1,975
1,493
14,509
16,002
9,226
5,813
1,428
7,241
10,685
1,426
-
1,426
115
734
-
734 553
£14,205
£47,164
£61,369
£42,294
3,641
13,858
17,499
6,480
£126 6,508
6,634
165
£3,767
£20,366
£6,634
£6,634

All income and expenditure derive from continuing activities. The statement of financial activities includes all gains and losses recognised in the year

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Bethel Trust Port Talbot (CIO)

BALANCE SHEET

AS AT 31st MARCH 2021

Fixed assets
Building
Fittings
Vehicle
Total fixed assets
Current assets
Debtors
Cash at bank
Petty Cash
Total current assets
Total assets
Liabilities
Creditors: amounts falling due
within one year
Mortgage
Total Liabilities
Total assets less liabilities		 2020-2021
2019-2020
£
£
90,000
90,000
10,000
7,000
1,777
1,975
£101,777
£98,975
0
0
24,133
6,634
0
0
£24,133
£6,634
£125,910
£105,609
0
0
26,600
28,356
£26,600
£28,356
£99,310
£77,253

Trustees' responsibilities

The financial statements were approved by the Trustees on 19[th] January 2022 and signed on their behalf.

Rev. Dr. Elizabeth Hill O’Shea Founding Director and Trustee

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Bethel Trust Port Talbot (CIO)

NOTES TO THE ACCOUNTS -FOR THE YEAR ENDED 31st MARCH 2021

1. Summary of significant accounting policies

General information and basis of preparation

Bethel Trust Port Talbot (CIO) is a CIO Registered in the United Kingdom. The address of the registered office is given in the charity information on page 3 of these financial statements. The nature of the charity’s operations and principal activities are for the public benefit, the relief of persons who are in need by reason of financial hardship, ill-health, unemployment, homelessness, education and such other economic or social disadvantage. In addition, for the public benefit, the advancement of the Christian faith in such ways as the charity trustees may from time to time decide.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice.

The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement because it is applying FRS 102 Section 1A.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling, which is the functional currency of the charity.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Voluntary gifts and donations are included in the statement of financial activities when received, gift aid donation and the tax are accounted for when received and provision made for tax unclaimed at the year end.

Funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised or designated by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Income recognition

All incoming resources are included in the Statement of Financial Activities (SoFA) on a payments and receipt basis.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).

Expenditure recognition

All expenditure is accounted for on a receipts and payments basis and has been classified under headings that aggregate all costs related to the category.

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Bethel Trust Port Talbot (CIO)

Tangible fixed assets

The trustees have reviewed the accounting policy for fixed assets and consider that the capitalisation level is set at £5,000. Other assets purchased are taken at cost in the year of acquisition and no provision is made for depreciation.

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