BETHEL CHRISTIAN MINISTRIES (UPC) FINANCIAL STATEMENTS
31 MARCH 2021
Charity Number 1160304
THE ACCOUNTING GROUP LTD
Management Accountants KEMP HOUSE City Road London England EC1V 2NX
BETHEL CHRISTIAN MINISTRIES (UPC)
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2020
| CONTENTS | PAGE |
|---|---|
| Trustees annual report | 1 |
| Statement of financial activities (incorporating the | |
| income and expenditure account) | 3 |
| Balance sheet | 4 |
| Notes to the financial statements | 5 |
| The following pages do not form part of the financial | statements |
| Detailed statement of financial activities | 9 |
BETHEL CHRISTIAN MINISTRIES (UPC)
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2021
The trustees, who are also directors for the purposes of company law, present their report and the unaudited financial statements of the company for the year ended 31 March 2021.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name
BETHEL CHRISTIAN MINISTRIES (UPC)
Charity registration number
1160304
Registered office
5 Carleton Avenue Wallington SM6 9LW
The trustees
The trustees who served the company during the period were as follows:
MISS ANGELA DENISE ANDERSON MS BEVERLEY KELLYTHORN MR DESMOND WELLINGTON MR LASCELLES AUGUSTUS ELLIS
Secretary
Accountants
The Accounting Group Ltd Management Accountants KEMP HOUSE City Road London England EC1V 2NX
STRUCTURE, GOVERNANCE AND MANAGEMENT
The church is governed by its constitution and elects its trustees by appointment. The church consists of a team of volunteers who form the leadership team and members of the congregation. Monthly meetings are held for training and development. Discussions on the progress and development of the church and future plans are held at other scheduled meetings.
OBJECTIVES AND ACTIVITIES
The Advancement of the Christian faith, including the worship of God and the proclamation of the gospel of Jesus Christ. Other Purposes that are charitable within the law of England and Wales are consistent with the Christian actives of the ministry, including the relief of need and the advancement of education.
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BETHEL CHRISTIAN MINISTRIES (UPC)
TRUSTEES ANNUAL REPORT (continued)
YEAR ENDED 31 MARCH 2021
ACHIEVEMENTS AND PERFORMANCE
We believe we are called to work not only within the community but also with the community. Therefore, we are committed to working in partnership with local people, local agencies and with overseas ministries. These partnerships assist BETHEL CHRISTIAN MINISTRIES to:-
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Assess our community's real needs.
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Identify our church's ability to respond.
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Find practical ways to engage with the community.
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Develop our church's potential and capacity to meet needs.
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Build strong partnerships with other community groups.
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Deliver sustainable community projects in a professional, cost effective way.
BETHEL CHRISTIAN MINISTRIES seeks to worship God and edify the church on a weekly basis through our church services.
Biblical training sessions and spiritual development conferences have been made available to all church members and the local community. This curriculum of training assists people to deepen and develop their faith through learning about Ministry areas, Audio & Sound training, and Worship & praise sessions. The church administration office greatly assisted the needs of the church members, Pastor, volunteers and local community and other members of the faith community.
FINANCIAL REVIEW
The church's main source of generating income is through promoting the donation of tithes and offering in the services. The use of the Gift Aid envelopes allowed us to increase our income and gain an additional income. The full details of the account are listed in the Financial Statements.
PLANS FOR FUTURE PERIODS
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Providing increased opportunities for the church members and community to grow and develop in their Christian Faith. This will be achieved through implementing small group meetings on specific topics.
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Promote the benevolent needs of the local community and abroad and highlighting ways in which able people can provide help and relief. Work will include working with other charity organisations in the UK, Africa and Asia.
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BETHEL CHRISTIAN MINISTRIES (UPC)
TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 31 MARCH 2021
ACCOUNTANTS
have been re-appointed as accountants for the ensuing year.
Registered office
Signed on behalf of the trustees.
……………………………………….. Trustee
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BETHEL CHRISTIAN MINISTRIES (UPC)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)
YEAR ENDED 31 MARCH 2021
| YEAR ENDED 31 MARCH | 2021 | ||
|---|---|---|---|
| Total Funds | Total Funds | ||
| 2021 | 2020 | ||
| Note | £ |
£ | |
| INCOMING RESOURCES | |||
| Incoming resources from generating funds: | |||
| Voluntary income | 2 | 129,550 | 99,456 |
| Investment income | 3 | 124 | 178 |
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| TOTAL INCOMING RESOURCES | 129,674 | 99,634 | |
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||
| RESOURCES EXPENDED | |||
| Charitable activities | 4/5 | (94,106) | (58,916) |
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||
| TOTAL RESOURCES EXPENDED | (94,106) | (58,916) | |
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||
| NET INCOMING RESOURCES FOR THE YEAR/NET | |||
| INCOME FOR THE YEAR | 6 | 35,568 | 40,718 |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 195,486 | 195,486 | |
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| TOTAL FUNDS CARRIED FORWARD | 231,054 | 236,204 | |
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The Statement of Financial Activities includes all gains and losses in the year and, therefore. a statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 5 to 7 form part of these financial statements.
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BETHEL CHRISTIAN MINISTRIES (UPC)
BALANCE SHEET
31 MARCH 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| FIXED ASSETS | ||||
| Tangible assets | 8 | 1,924 | 1,924 | |
| CURRENT ASSETS | ||||
| Cash at bank | 48,182 | 227,533 | ||
| CREDITORS: Amounts falling due within one | ||||
| year | 9 | – | (34,378) | |
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| NET CURRENT ASSETS | 48,182 | 193,155 | ||
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|||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 50,106 | 195,079 | ||
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| FUNDS | ||||
| Unrestricted income funds | 10 | 14,538 | 154,362 | |
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| TOTAL FUNDS | 14,538 | 154,362 | ||
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| (35,568) | (40,717)!! | |||
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For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Trustees' responsibilities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
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The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements were approved by the members of the committee and authorised for issue on the ........................ and are signed on their behalf by:
MISS ANGELA DENISE ANDERSON Director
Company Registration Number:
The notes on pages 5 to 7 form part of these financial statements.
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BETHEL CHRISTIAN MINISTRIES (UPC)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2021
1. ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards and the requirements of the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005).
Cash flow statement
The trustees have taken advantage of the exemption in Financial Reporting Standard No 1 (revised) from including a cash flow statement in the financial statements on the grounds that the company is small.
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
| Equipment | - | 25% straight line method |
|---|---|---|
| Fixtures & Fittings | - | 15% straight line method |
2. VOLUNTARY INCOME
| Unrestricted | Total Funds | Total Funds | ||
|---|---|---|---|---|
| Funds | 2021 | 2020 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations received | 129,550 | 129,550 | 99,456 | |
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| 3. | INVESTMENT INCOME | |||
| Unrestricted | Total Funds | Total Funds | ||
| Funds | 2021 | 2020 | ||
| £ | £ | £ | ||
| Bank interest receivable | 124 | 124 | 178 | |
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BETHEL CHRISTIAN MINISTRIES (UPC)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2021
4. COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE
| Unrestricted | Total Funds | Total Funds | |
|---|---|---|---|
| Funds | 2021 | 2020 | |
| £ | £ | £ | |
| Charitable activity | 18,038 | 18,038 | 23,462 |
| Support costs | 76,068 | 76,068 | 35,454 |
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|
| 94,106 | 94,106 | 58,916 | |
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5. COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Support | Total Funds | Total Funds | ||
| directly | costs | 2021 | 2020 | ||
| £ | £ | £ | £ | ||
| Charitable activity | 18,038 | 76,068 | 94,106 | 58,916 | |
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| 6. | NET INCOMING RESOURCES FOR THE YEAR | ||||
| This is stated after charging: | |||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Depreciation | 302 | 406 | |||
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| 7. | STAFF COSTS AND EMOLUMENTS | ||||
| Total staff costs were as follows: | |||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Wages and salaries | 10,000 | 15,000 | |||
| Social security costs | – | – | |||
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| 10,000 | 15,000 | ||||
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| Particulars of employees: | |||||
| The average number of employees during the year, was as follows: | |||||
| 2021 | 2020 | ||||
| No. | No. |
No employee received remuneration of more than £60,000 during the year (2019 - Nil).
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BETHEL CHRISTIAN MINISTRIES (UPC)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2021
8. TANGIBLE FIXED ASSETS
| Fixtures & | ||||
|---|---|---|---|---|
| Equipment | Fittings |
Total | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 April 2020 and 31 March 2021 | 1,850 | 2,479 |
4,329 | |
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| DEPRECIATION | ||||
| At 1 April 2020 | 1,027 | 971 |
1,998 | |
| Charge for the year | 105 | 302 |
407 | |
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| At 31 March 2021 | 1,132 | 1,273 |
2,405 | |
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| NET BOOK VALUE | ||||
| At 31 March 2021 | 718 | 1,206 |
1,924 | |
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| At 31 March 2020 | 823 | 1,508 |
2,331 | |
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| 9. | CREDITORS: Amounts falling due within | one year | ||
| 2021 | 2020 | |||
| £ | £ | |||
| Other creditors | – | 34,378 | ||
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| 10. | UNRESTRICTED INCOME FUNDS | |||
| Balance at | Incoming | Balance at | ||
| 1 April 2020 | resources 31 |
March 2021 | ||
| £ | £ | £ | ||
| General Funds | 195,486 | (180,948) | 14,538 | |
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BETHEL CHRISTIAN MINISTRIES (UPC)
MANAGEMENT INFORMATION
YEAR ENDED 31 MARCH 2021
The following pages do not form part of the statutory financial statements .
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BETHEL CHRISTIAN MINISTRIES (UPC)
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | £ | ||
| INCOMING RESOURCES | ||||
| VOLUNTARY INCOME | ||||
| Donations received | 129,550 | 99,456 | ||
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| INVESTMENT INCOME | ||||
| Bank interest receivable | 124 | 178 | ||
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──── |
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| TOTAL INCOMING RESOURCES | 129,674 | 99,634 | ||
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| RESOURCES EXPENDED | ||||
| CHARITABLE ACTIVITIES | ||||
| Staff costs - Wages & Salaries | 10,000 | 15,000 | ||
| Establishment – Rent | 5,875 | 6,532 | ||
| Establishment - Insurance | 2,143 | 1,573 | ||
| Motor vehicle expenses | 1,789 | 2,682 | ||
| Professional - Accountancy fees | 1,600 | 1,600 | ||
| Legal & professional – Other | 53,560 | 7,850 | ||
| Office expenses – Other | 1,357 | 1,354 | ||
| Depreciation | 302 | 406 | ||
| Direct charitable activity 1 - Ministry expenses | 4,143 | 6,789 | ||
| Direct charitable activity 1 - Hospitality | 1,456 | 1,465 | ||
| Direct charitable activity 1 - Honorarium | 3,300 | 4,786 | ||
| Direct charitable activity 1 - Charitable contributions | 658 | 658 | ||
| Direct charitable activity 1 - Fund raising expenses | 463 | 1,659 | ||
| Support charitable activity 1 - advertising costs | 984 | 1,367 | ||
| Support charitable activity 1 - internet & software | ||||
| costs | 1,368 | 543 | ||
| Support charitable activity 1 - sundry expenses | 5,108 | 4,652 | ||
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| 94,106 | 58,916 | |||
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| TOTAL RESOURCES EXPENDED | 94,106 | 58,916 | ||
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| NET INCOMING RESOURCES FOR THE | ||||
| YEAR | 35,568 | 40,718 | ||
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BETHEL CHRISTIAN MINISTRIES (UPC)
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | £ | ||
| CHARITABLE ACTIVITIES | ||||
| Activities undertaken directly | ||||
| Establishment – Rent | 5,875 | 6,532 | ||
| Establishment - Insurance | 2,143 | 1,573 | ||
| Direct charitable activity 1 - Ministry expenses | 4,143 | 6,789 | ||
| Direct charitable activity 1 - Hospitality | 1,456 | 1,465 | ||
| Direct charitable activity 1 - Honorarium | 3,300 | 4,786 | ||
| Direct charitable activity 1 - Charitable contributions | 658 | 658 | ||
| Direct charitable activity 1 - Fund raising expenses | 463 | 1,659 | ||
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| 18,038 | 23,462 | |||
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| Support costs | ||||
| Staff costs - Wages & Salaries | 10,000 | 15,000 | ||
| Motor vehicle expenses | 1,789 | 2,682 | ||
| Professional - Accountancy fees | 1,600 | 1,600 | ||
| Legal & professional – Other | 53,560 | 7,850 | ||
| Office expenses – Other | 1,357 | 1,354 | ||
| Depreciation | 302 | 406 | ||
| Support charitable activity 1 - advertising costs | 984 | 1,367 | ||
| Support charitable activity 1 - internet & software | ||||
| costs | 1,368 | 543 | ||
| Support charitable activity 1 - sundry expenses | 5,108 | 4,652 | ||
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| 76,068 | 35,454 | |||
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| 94,106 | 58,916 | |||
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| 94,106 | 58,916 | |||
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