BETHEL EVANGELICAL CHURCH COVENTRY REFEREN￿ AND ADMINisfRATIVE DEfA115 Mrs EGrny I P Grindell J ￿ndnesS Towen CRPa8e Mrs J Rubackl D I seed1￿Use G Swouse Mrs K Sprouse REGISTERED OFFKE Spon End Coventry CV13HB RE¢JSTERED CHARITY NUMBER 1165911 INDEPENOENT EXAMINER Mr G.Kibble ACMA l Klneton Road Coventry CV3 2NR BETHEL EVANGELICAL CHURCH COVENTRY REpoKf OFTHE TRus[￿S FOR THE YEAR ENDED 31" MARQI 2024 The trustees present their report with the financial statements of the charty for the year ended 31 March 2024. The trustees have adopted the provisions of Accountin8 and Reporting by Charities: Statement of Recommended PrKtice applicab￿ to charities preparing their accounts in accordance wlth eh Flnanclal Rewrting Stsndard applicable in the UK and Republic of Ireland {FRS 102> (effective l January 2019). OBJEcfivES AND AcnvrriES Oblertives and alms The advancement of the Chrlstlan falth In actordance with the basi5 of faith primarily but not exduslvely wlthln Coventry and the surrounding neiBhbourhood. Sllnlflcant xtl¥ltles We continue with our mlnistry in Spon Er#1 throughout the year. We continue to open our premlses for a community café operated by the WLA charity and the premlses also continue to be regularly used by another church fellowship. a group led by the Chaplaincy team at our local h05Pital and a charity Worki￿ with young people. We have begun Youth Café, after school on a Wednesday afternoon during tenTh tlme. LandscapiTra work has been undertaken at the front of our premlses to expand a WLA projecl 'lncredlble Edlble, to grow frult and vegetsbles whlch are available for anyone in th commun]ty to use. Followlng the twtrweek vlth to The Phlllppines laA autumn, we contlnue to offer ts￿eted support to some of the peopte we met duflng our vtslt. Examples of this support. whlch is channelled through Christlan mlnlstrles operating in deprived rural areas. are fvnds to cover medlcal and physlothernpv costs. Some fundraisln8 events contlnue to be held to fadlttate thls. Our con8re8ation is Stable with 48 actlve members and we contlnue to regularly have 71> 100 adults and children worshlpplng wlth us. We have held one baptismal service during the year. We sadly lost one of our long-servirya church mernbers during the year. Publlc benefft Durin8 the term of ministry this year. Ihe Church has been compliant in the executbn of Its publlc benefft responslbllities by Open1￿ the preffllses where people arE free to enter for spiritual worship and to engage In a number of Social funrtion In the planniTr8 of activities for the year, the trustees have given due cOn5tdera￿n to the Commission's Buidan￿ on public benefft and speofic guidan￿ charities for the advancement of religion. FINANCIAL REVIEW Flnancial posltlon The charity made a loss of £5,810 on un￿strIcied funds after transfers of £52 to restricted reserves {2023 . loss of £3.6871 Free reserves at the year-end were £31,13112023 . 36.9411 BETHEL EVANGELICAL CHURCH COVENTRY There are no COn￿r￿S regarding the charity as a goirvd conorn. Governln8 documert The charity Is controlled by its governlng documenL a constltutlon and is governed by Its chartty trustees. It bs a charitable incorporated or8ani5ation as defined by the Charities Act 2(X)6 Related partl One of the trustees, J Kindness, is eMpl￿d by the tharlty for servlces as pastor. Rlsk Manag•n￿rt The Trustees have a duty to Identify and review the risks to which the charity 15 exposed and to ensure appropriate measures are In place to provlde reasonable assurdnce agalfi￿ fraud and error. Ha¥lng undertsken a rlsk assessment and havlng duly put in place miti8atin8 actions to redutelomlt the rlsk identlfied. the Trustees are confident that have met the nece55ary requlrements. Approved by order of board of trustees on . and slgned on Its behalf Trustee BETHEL EVANGELICAL CHURCH COVENTRY STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 ihrtricied Restrkted Total Unrestricted Resttlcted Total F￿1$ Fund5 Funds In￿rne.. Donatlons. 8rants and le8¥*s Other trad1￿ actmtles 35.237 7.410 199 105.039 7.410 199 .892 30.3fy) 5,140 37 11*.191 6,2 37 Other IrKory Tot•1 Intty 114479 Cosi of dwrtLabLe activtties Other costs n,439 37,271 109,710 81.433 83,433 TOMI 111 497 Net Incomellw>èndkurel 12,415 {5,3861 8,368 Z.982 Transfer bet￿￿en fvnds 1,699 13,68n N•tfflov•m•nts Infun (5.810) 12.467 6.637 6.069 2,982 R•t4ntMlItlM of fundi: Total futr￿ broughtfor¥Ard 18 259 286 296 227 Z52 617 293 Z45 To¢allunth Arrf•d 1orw•NI 259 286 The statement of fi￿n(la1 artivit￿ inthdes all gains and losses fecrw15ed In the year. All Fncome and exPend￿￿re derl¥e from continuir8 adfvltle& 8ETHEL EVANGELICAL CHURCH COVENTRY BALANCE SHEET AS AT 31 MARCH 2024 Note 2024 2024 2024 2023 Uftre5trktrd Restrkxed Totsl fund5 fvnds funds Total funds Ta￿dIble Ilxed assets 585881 S93.644 601758 Debtors and prepayments Cash at bank and In hand li 4,025 21.758 14.998 36.756 Isny w958 40.781 10,547 30.420 40,967 UIEDITORS Amounts fawlrq duewlthln ye¥ I18￿) 115,8431 {18,6511 118,0141 NEfciMIRENT ASSEW5 21975 4953 3&131 615,774 625.711 CREDrroRS Amounts faIll￿ due after more than oneyear <3118￿11 13118901 1329.484) NEf ASSEIS 3L131 27L753 296,127 FUNDS RÈstritted funds 271,753 259.286 31.131 36.941 30U84 296,217 Lknrestrlcted funds TOTAL FUNDS The financlal statemert5 were approved by the Board of T￿￿ee$ and authori5ed for issue on and We￿ si8ned on its behalf by: Trustee BETHEL EVANGELICAL CHURCH COVENTRY Notes to the Flnandal Slatements tr the year ended 31° March 2024 I: Acc￿NtIng Polkles 1.1 The finandal statements have been prepared in accordance with the Charities Act 2011, FRS 102 e Financial Reporting Standard applicable in the UK and Republic of Ireland. I"FRS 102.1 and the Charities SORP"Accountln8 and Reporting by Charltles: Statement of RecommeNled Prartlce applicable to organlsations preparing their accounts in accordan￿ with the finantial Reportlng Stsndard applicable in the UK and Republic of Ireland {FRS 102). leffect1￿ l January 20191. The organisation is a Public Benefit Entlty as defined by FRS 102. The organlsation has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements have (kparted from the Charltles (Accounts and Reports) Regulatlons 2Cb)8 onfy to the e*n can be meaSU￿d ￿lIablY. Expendlture Is classlfied actlvlty. The costs of each actlvty are made up of the total of dirett costs and shared cost& includin8 support costs Involved in undertaklng each actknty. Dirett costs attributsble to a Single actr4ity are allocated directly to that aCti￿ty. Shared costs whlch contrll)ute to more than actlvlty and support costs which a￿ not attrlbutable to a sln8le actlylty are apportioned between those actlvltles on a basis consistent with the use of rex>urces. 1.6 Tangible fved assets and depreclation Tanglble fixed assets are ststed at cost less depreclatlon. Depreclatlon Is provlded at rdtes calculated to write off the cost less estimated residual value of each asset over its experted u5efvl life, as follows: Freehold property- 1% per annurn on cost Fixtures and fittin8s- 33% per annum on cosL 20% per annum on cosL Il)% per annum on c05t Computer equipment- 33% per annum on cost. Unre5tr1cted Re#rlcted Totsl Fund5 Total FurK15 Funds Funds 2024 2023 Oonètlorns re¢el¥ed Legades Gift akl recovered Grants r￿1ved 57.465 80.511 86.047 11336 17,S22 6.1x15 5039 19,145 69x12 35217 10&192 Unrestrfcted Restrlcted Totsl Funds Total Funds Funds Funds 2024 2023 Rent Recelved 7AIO 7.410 7AIO 6.250 6,2511 7hlO BETHEL EVANGELICAL CHURCH COVENTRY Notes to the Flnandal Statements f•r the yearended 31° Marth 2024lcty￿nllQd) Unre5trKted Restricted Total Funds Total Funds Fur Funds 2024 2023 Dep0sStAcc￿nt Interest 199 37 199 37 Oth•r Inrty Unrestrktod Restrlcted Total ￿JndS Totsl Funds Funds Funds 2024 2023 Phillppines Mission Trfp 31.199 31.199 3LI99 UnreStrIc￿ Restrlcted Total Fund5 Total Funds FUNIS Funds 2024 2023 Church athities . Wages and Salarfes Insurance 22.273 2,261 9.719 447 22,273 1261 11719 447 20,437 1.875 10,113 377 Utllities 3.(MJO Telephone Cleanlrtrd sltln8 mIr￿Stry Repalrs. malntenance and ren￿1$ Musl4 worshlp and Cop￿1&ht Glfts artd donatlons to tharlty Caterlng DTr5dpleshlp Equlpment hlre Premlses hlre and premtses costs Computer and software PrIn￿n& publldty and webslte Events Phlllpplnes Mlsslon Trfp Other costs L238 3.728 1,954 )5 1.954 5.685 3.205 6,102 856 532 692 13,267 518 13267 518 11.642 528 813 29.704 1,417 Office and Interr 1,199 Garden Project Grants and supwrt Professlonal Fee5 4￿7 4,567 11.CK)3 Ii,IM)3 13,210 2,160 83N33 7&439 37271 IQY.710 BETHEL EVANGELICAL CHURCH COVENTRY Notss to the Hnandal Stat•m•nts for the yearended 31° March 20241continued) Unrestrkted Restrlrted Totsl Funds Total Fund5 Funds Funds 2024 2023 Support C05ts . Depreclatlon Interest on Loan 6.813 17,546 9.114 17.546 9.114 Bank and oJrreFKy charges Accountanry and legal fee5 201 453 24J59 Net Incon￿ (Eyndllurel This Is ststed before charging: Depred*lon ofowned assets 2024 2023 9,114 9,114 2024 2023 The avera8e number ofemployee5 durin8 theyear ¥As as follows: Pastoral Ser4ke5 No employees recefved emoluments In excess of £60.￿l2023: nlll. The Charlty operates a deffined contrlbutlon pen51on stheme. Contrtbutlons to the tharivs pension scheme are chafged to the Statement of Flnandal ActlvltSes in the perbod to whlch thry relate. There was no trustee< remuntmlon, benefits or expense5 pald In relatlon to thetr ser¥kes as trustees durfrlg Ihe year12023 . Énlll. One of the trusrees. Mr J Kh)¢kne5s, Isempbyed by the charlty as thurth pastor. IQ TIn￿le Flxed As%ts ethold Nxtures Cornpuler voperty and ffttI￿ equts)ment Total As at tst Aprfl 2023 Addrtlons 6X).257 29.866 L737 651,860 Olsposals As at 3151 March 2024 620.257 29066 L737 651,860 Depredatlon A5 at tsl April 2023 Charge for the year Dl¥bosals As at 31st Marth 2024 31,015 16,350 2311 1.737 49.102 9,114 37,218 19.261 1.737 58.216 Net Book Value As at tst April 2023 As at 3tst Marth 2024 589.242 583.039 13.516 10.605 602.758 593,644 BETHEL EVANGELICAL CHURCH COVENTRY Note5 to the Flnanclal Ststemntsfor year ended Marth 2024 (contlnued) 11: Debkns: •m(wntslalln8 due oney. 2024 2023 oiher debtor5 Prepayments and acuued income 1.140 9.407 10,547 2.496 4,026 12." Cr•dlttys: amowrtsf41kn8 dueT*thln one 2024 2023 Bank loans and (Nerdrafts15ee nole 141 AccnJa15 and deferred Income 15.843 IS.092 2,922 18.014 IB.651 13: Credltors: amourts f411n8 due after more than one ￿. 2024 2023 Bank loans (see note 141 312.8 329.484 . loans 2024 2023 An anaw ofthe maturlty ofthe bank loafts Is bel￿." Amounts tsllln8 due wlthln oneyear Amous)ts fallin8 due 1¢) more than flve year5 (iepayable by tnstslmentsl 15,092 329.484 312.890 2024 2023 Mlnlmum lease payments under non-¢a￿tILlb1e opefttsng leases fallln8 due as follows- Between one and fve years 1,536 2024 2023 Bank loar 328.733 344,576 The ￿nk k>an15 secured by a charge overthe t￿lId1 17: Related Party Transaeikns Mrs H Kindness, the wife of one of thetru5tees recetrMI remuneration of £3fA> {2023 . 385) for bookkeepin8 servlces. 10 4D UJ BETHEL EVANGELICAL CHURCH COVENTRY I report on the accounts for the year ended 31st Marth 2024 whkh aTe set out on page5 4 to 11. RespecU¥e responslbllltles of the trustets and the examlner The trustee5 consider that an audlt15 not requlred for th15 year under sÈrtitin 144121 of the Charltles Att 2011 (the 2011 Act) and that an Independent examlnatitin is nèedÈd. It Is my resr￿ibl1Ity to examine the accounts under sectlon 145 ofthe 2011 Art: follow the W(￿edureS lald down In the General DIreCth￿ts 8lven by the Charlty Commlssloner sertkni 145151 Ib) of the 2011 Act: and state whether partkylar matter5 hm cometo my attent*)n. Basls of Indepe￿ Eumlnerfs Stst•mffit My examination was carrled ¢yJt In accordance wlth the Genernl DirertI￿$ given ty the Charlty Commission. An examin•tion includes a revlew of the accountlng records kept by the or8anlsatlon and comparlson of the accounts presented wlth th05e record5. It also Includes conslderln8any unusual item5 or d15dosures In the accounts. and Seek1￿ exptsnatlons from thetrustees concernln8 any such matters. The procedure5 undetsken do not prurflde all the evhjence that would be requlred In a full audlt, arKI consequently I do not express an audit oplnion on act4￿nts. In COnnectk￿ wlth rny &xamlnatkm, no matters ha¥e come to my attentlon: whlch ts me ￿asonable ouse to belie￿ th* lth any m*erial respect the requioments to keep accountlng records in accordanee wlth sertlon 130 of the 2011 Art: or to prepare affourrt5 whlth accord wtththe acc0urrt1￿recordS and comptywlth theaccountln8 requlrements ofthe 2011 Art have not been met; or to whlch, In my oplnkn. attentlon should be drawn In order to enable a proper under5tandln8 of the accourrts to be reached. Gavin ￿bble ACMA Mozalc Innovate Ltd l Klneton Road. Co￿ntry or2 3NR 23rd se[rt￿nber 2024 12 BETHEL EVANGELICAL CHURCH COVENTRY 14