**REGISTERED CHARITY NUMBER: 1165911**
**REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **FOR**
## **BETHEL EVANGELICAL CHURCH COVENTRY**
Wyatt, Morris, Golland Ltd Park House 200 Drake Street Rochdale Lancashire OL16 1PJ
**BETHEL EVANGELICAL CHURCH COVENTRY**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
||**Page**|
|---|---|
|**Reference and Administrative Details**|1|
|**Report of the Trustees**|2|
|**Independent Examiner's Report**|3|
|**Statement of Financial Activities**|4|
|**Balance Sheet**|5|
|**Notes to the Financial Statements**|6 to 11|
**BETHEL EVANGELICAL CHURCH COVENTRY**
**REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2022**
**TRUSTEES** T Owen Mrs J Rubacki I P Grindell Mrs L M Pearce C Page E Gray J Kindness D Seedhouse G Sprouse Mrs K Sprouse (appointed 13.11.22) **REGISTERED OFFICE** Spon End Coventry CV1 3HB
## **REGISTERED OFFICE**
## **REGISTERED CHARITY NUMBER** 1165911
**INDEPENDENT EXAMINER** Wyatt, Morris, Golland Ltd Park House 200 Drake Street Rochdale Lancashire OL16 1PJ
Page 1
## **BETHEL EVANGELICAL CHURCH COVENTRY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The advancement of the Christian faith in accordance with the basis of faith primarily but not exclusively within Coventry and the surrounding neighbourhood.
## **Significant activities**
Activities for the year ended 31st March 2022 continued to be impacted by the coronavirus pandemic. Although there were fewer formal restrictions than the previous year we found that some of our worshippers remained cautious about meeting in person and our live streaming of services continued to enable them to remain in touch.
We have found that our congregation has changed insofar as a number of our friends have moved on to worship elsewhere, whilst we have welcomed others into our congregation. Our children's and youth work have been impacted with some young families having moved on.
During the year we were able to open up our premises for regular use by another church fellowship and a group led by the Chaplaincy team at our local hospital, both of which are enabling us to forge links with other Christians.
We now have 47 active members and continue to regularly have 70- 100 adults and children worshipping with us. We have held a number of baptismal services in the year. We sadly lost one of our church members during the year.
## **Public benefit**
During the term of ministry this year, the Church has been compliant in the execution of its public benefit responsibilities by opening its premises as places where people are free to enter for spiritual worship and to engage in a number of social functions, albeit with adherence to Government guidance and restrictions at all times.
In the planning of activities for the year, the trustees have given due consideration to the Commission's guidance on public benefit, and the specific guidance on charities for the advancement of religion.
## **FINANCIAL REVIEW**
## **Financial position**
The charity generated a surplus on unrestricted funds after transfers of £6,054.
Free reserves at the year end were £29,569.
There are no concerns regarding the charity as a going concern
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a constitution and is governed by its charity trustees. It is a charitable incorporated organisation as defined by the Charities Act 2006.
## **Related parties**
One of the trustees, J Kindness, is employed by the charity for services as a pastor.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Having undertaken a risk assessment and having duly put in place mitigating actions to reduce/omit the risk identified, the Trustees are confident that they have met the necessary requirements.
Approved by order of the board of trustees on 21 December 2022 and signed on its behalf by:
C Page Trustee
J Kindness Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BETHEL EVANGELICAL CHURCH COVENTRY**
## **Independent examiner's report to the trustees of Bethel Evangelical church Coventry ('the Charity')**
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 March 2022.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
Having satisfied myself that the accounts of the Charity are not required to be audited under section 144 of the 2011 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**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Charity as required by Section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of the 2011 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 (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Miss P A Richards F.C.A. D.Ch.A. Chartered Accountant Wyatt, Morris, Golland Ltd Park House 200 Drake Street Rochdale Lancashire OL16 1PJ
Date: 21 December 2022
Page 3
## **BETHEL EVANGELICAL CHURCH COVENTRY**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**72,887**
Other trading activities
3
**2,280**
Investment income
4
**-**
**Total**
**75,167 **
**EXPENDITURE ON**
**Charitable activities**
5
Church activities
**69,113**
**NET INCOME**
**6,054**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**34,574**
**TOTAL FUNDS CARRIED FORWARD**
**40,628**|Restricted
funds
£
**33,807**
**-**
**2**
**33,809**
**27,036**
**6,773**
**245,844**
**252,617**|**2022**
**Total**
**funds**
**£**
**106,694**
**2,280**
**2**
**108,976**
**96,149**
**12,827**
**280,418**
**293,245**|2021
Total
funds
£
111,457
-
3|
|---|---|---|---|
||||111,460|
||||103,782|
||||7,678
272,740|
||||280,418|
The notes form part of these financial statements
Page 4
## **BETHEL EVANGELICAL CHURCH COVENTRY**
## **BALANCE SHEET 31 MARCH 2022**
|Notes
**FIXED ASSETS**
Tangible assets
11
**CURRENT ASSETS**
Debtors
12
Cash at bank
**CREDITORS**
Amounts falling due within one year
13
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
14
**NET ASSETS**
**FUNDS**
18
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
**11,059**
**6,480**
**27,238**
**33,718**
**(4,149)**
**29,569**
**40,628**
**-**
**40,628**|Restricted
funds
£
**599,114**
**-**
**13,172**
**13,172**
**(14,480)**
**(1,308) **
**597,806**
**(345,189)**
**252,617**|**2022**
**Total**
**funds**
**£**
**610,173**
**6,480**
**40,410**
**46,890**
**(18,629)**
**28,261 **
**638,434**
**(345,189)**
**293,245**
**40,628**
**252,617**
**293,245**|2021
Total
funds
£
618,612
3,993
32,236
36,229
(19,295)
16,934
635,546
(355,128)
280,418
34,574
245,844
280,418|
|---|---|---|---|---|
The members have not required the charity to obtain an audit of its financial statements for the year ended 31 March 2022.
The trustees acknowledge their responsibilities for
(a) ensuring that the charity keeps accounting records that comply with the Charities Act 2011 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charity as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of the Charities Act 2011 relating to financial statements, so far as applicable to the charity
The financial statements were approved by the Board of Trustees and authorised for issue on 21 December 2022 and were signed on its behalf by:
C Page Trustee
J Kindness Trustee
The notes form part of these financial statements
Page 5
**BETHEL EVANGELICAL CHURCH COVENTRY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
|Freehold property|-|1% on cost|
|---|---|---|
|Fixtures and fittings|-|
33% on cost, 20% on cost and 10% on cost|
|Computer equipment|-|33% on cost|
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity’s pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2. DONATIONS AND LEGACIES**
|Gifts
Grants
Grants received, included in the above, are as follows:
Kickstart grant|**2022**
**£**
**99,179**
**7,515**
**106,694**
**2022**
**£**
**7,515**|2021
£
111,457
-|
|---|---|---|
|||111,457|
|||2021
£
-|
Page 6
continued...
**BETHEL EVANGELICAL CHURCH COVENTRY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **3. OTHER TRADING ACTIVITIES**
|**3.**|**OTHER TRADING ACTIVITIES**||||
|---|---|---|---|---|
||||**2022**|2021|
||||**£**|£|
||Rent received||**2,280**|-|
|**4.**|**INVESTMENT INCOME**||||
||||**2022**|2021|
||||**£**|£|
||Deposit account interest||**2**|3|
|**5.**|**CHARITABLE ACTIVITIES COSTS**||||
||||Support||
|||Direct|costs (see||
|||Costs|note 6)|Totals|
|||£|£|£|
||Church activities|**64,781 **|**31,368**|**96,149**|
|**6.**|**SUPPORT COSTS**||||
||||Governance||
|||Finance|costs|Totals|
|||£|£|£|
||Church activities|**29,246**|**2,122**|**31,368**|
|**7.**|**NET INCOME/(EXPENDITURE)**||||
||Net income/(expenditure) is stated after charging/(crediting):||||
||||**2022**|2021|
||||**£**|£|
||Depreciation - owned assets||**8,944**|9,063|
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
## **9. STAFF COSTS**
The average monthly number of employees during the year was as follows:
||**2022**|2021|
|---|---|---|
|Pastoral services|**2**|1|
No employees received emoluments in excess of £60,000.
continued...
Page 7
## **BETHEL EVANGELICAL CHURCH COVENTRY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
|**10.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
Restricted
funds
funds
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
80,770
30,687
Investment income
-
3
**Total**
80,770
30,690
**EXPENDITURE ON**
**Charitable activities**
Church activities
76,434
27,348
**NET INCOME**
4,336
3,342
**Transfers between funds**
(437)
437
**Net movement in funds**
3,899
3,779
**RECONCILIATION OF FUNDS**
Total funds brought forward
30,675
242,065
**TOTAL FUNDS CARRIED FORWARD**
34,574
245,844
**11.**
**TANGIBLE FIXED ASSETS**
Fixtures
Freehold
and
Computer
property
fittings
equipment
£
£
£
**COST**
At 1 April 2021
**620,257**
**27,662**
**1,737**
Additions
**-**
**505**
**-**
At 31 March 2022
**620,257**
**28,167**
**1,737**
**DEPRECIATION**
At 1 April 2021
**18,609**
**10,698**
**1,737**
Charge for year
**6,203**
**2,741**
**-**
At 31 March 2022
**24,812**
**13,439**
**1,737**
**NET BOOK VALUE**
At 31 March 2022
**595,445**
**14,728**
**-**
At 31 March 2021
601,648
16,964
-|Total
funds
£
111,457
3
111,460
103,782
7,678
-
7,678
272,740
280,418
Totals
£
**649,656**
**505**
**650,161**
**31,044**
**8,944**
**39,988**
**610,173**
618,612|Total
funds
£
111,457
3|
|---|---|---|
|||111,460|
|||103,782|
|||7,678
-|
|||7,678
272,740|
|||280,418|
continued...
Page 8
**BETHEL EVANGELICAL CHURCH COVENTRY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
|**12.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
Prepayments and accrued income
**13.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 15)
Accrued expenses
**14.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 15)
**15.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
**16.**
**LEASING AGREEMENTS**
Minimum lease payments under non-cancellable operating leases fall due as follows:
Between one and five years
**17.**
**SECURED DEBTS**
The following secured debts are included within creditors:
Bank loans
The bank loan is secured over the property.|||
|---|---|---|
||||
continued...
Page 9
## **BETHEL EVANGELICAL CHURCH COVENTRY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **18. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
Property fund
Community fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Property fund
**TOTAL FUNDS**|Net
movement
At
At 1.4.21
in funds
31.3.22
£
£
£
**34,574**
**6,054**
**40,628**
**237,355**
**6,773**
**244,128**
**8,489**
**-**
**8,489**
**245,844**
**6,773**
**252,617**
**280,418**
**12,827**
**293,245**
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
**75,167**
**(69,113)**
**6,054**
**33,809**
**(27,036)**
**6,773**
**108,976**
**(96,149) **
**12,827**|
|---|---|
## **Comparatives for movement in funds**
|Net
movement
At 1.4.20
in funds
£
£
**Unrestricted funds**
General fund
30,675
4,336
**Restricted funds**
Property fund
234,013
3,342
Community fund
8,052
-
242,065
3,342
**TOTAL FUNDS**
272,740
7,678
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
80,770
**Restricted funds**
Property fund
30,690
**TOTAL FUNDS**
111,460|Transfers
between
At
funds
31.3.21
£
£
(437)
34,574
-
237,355
437
8,489
437
245,844
-
280,418
Resources
Movement
expended
in funds
£
£
(76,434)
4,336
(27,348)
3,342
(103,782)
7,678|
|---|---|
continued...
Page 10
**BETHEL EVANGELICAL CHURCH COVENTRY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **18. MOVEMENT IN FUNDS - continued**
Property Fund (formerly Redevelopment Fund)
This was established as a fund for the new church building which has now been built but is currently funded by a bank loan.
Community Fund
This is for community activities and during 2019 it incorporated the activities of the Toddler group.
## **19. RELATED PARTY DISCLOSURES**
During the year a grant of £1,200 was made to Jim Grindell the brother of one of the trustees. The grant was a support grant for Christian ministry in accordance with the charity objectives.
Page 12