BETHEL EVANGELICAL CHURCH COVENTR Y REFERENCE AND ADMINISTRATIVE DEfAILS FOR THE YEAR Et4DED 31" MARCH 2025 TRUSTEES Mrs E Grdv I P Grindell J Kindness CRPage Mrs J Rubacki D I See(Ihouse G Sprouse Mrs K Sprouse REGisfERED OFFICE Spon End Coventry CV13H8 REGisfERED CHARITY NUMBER 1165911 INDEPENDENT EXAMINER Mr G.Kibble ACMA l Kineton Road Coventry CV3 2NR
BETHEL EVANGELICAL CHURCH COVENTRY REPORT THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their attounts In accordance with the Financial Reporting Standard applicable in the UK ènd Republic of Ireland IFRS 102) leffective l January 20191. OBJEcfivES AND AcnviTIES Objectives and alms The advancement of the Christian faith in accordance with the basis of faith primarlty bLtt not exclusively within Coventry and the surrounding neighbourhood. Significant activities We have an active and en8a8ed church community that IS SUPPOrtive of the leadership team that not only meets for Sunday services but also help with other activities such as a weekly Youth Café and Activity Clubs for children during the school holiday5. The church buildings continue to be re8ularty used for community-based activities In the Spen End area of Coventry. not only by the church community but also by other groups and ventures including the Oasis Community Café and Guardian Ballers that Uses basketball as a means of providing mental hearth support for children and young people. Dtsring the past year, hawng been blessed with funding from an Energy Saving Grant, we have made significant progres5 With new energy efFiciency measures for both buildiw. In the oldei building the walls have been insulated and double-glazed windows and doors fitted. A fully compliant disabled toilet facility has been installed for easy acce55 by café users. Solar panels have been fitted to the roof of the new building and a new heat exchange heating system that should keep us wami in winter and cool in summer! This has required a 3-phase electricity supply to be installed and at the time of this report we are just waiting for the final connertion to be made. The church community has also continued to provide financial support for other grotsps. charities and organisations that care for the disadvanta8ed both local and in other countrie5. Public benefft Durin8 the term of ministry this year. the Church ha5 been compliant in the execution of it5 public benefit responsibilities by opening the premises where people are free to enter for spiritual worship and to engage in a number of social function5. 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 8uidance on charities for the advancement of religion. FINANCIAL REVIEW Nnancial position The charity made a gain of £11.168 on unrestricted funds12024: loss of £5.810} Free resee$ at the year-end were £41,299 12024 . 31,1311
BETHEL EVANGELICAL CHURCH COVENTR Y There are no concern5 regarding the charity as a going concern. STRUCTURE. GOVERNANCE AND MANAGEMENT Goveming document The charitv 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 2C#J6 Related partles One of the trustees, J Kindness. is employed by the charity for services as pastor. Rlsk management The Trustees have a duty to identlfy and review the risks to which the charity is exposed and to ensure appropriate measures are in place to provlde 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 twstees on. by: and signed on its behalf Trurtee
BETHEL EVANGELICAL CHURCH COVENTR Y STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Total Unrestricted Restricted Total Note Funds Funds Fund5 Fund5 Income: Donations, grants and le8aaes Other trading activities Investment income 85,960 6.420 149,128 1,770 318 235,088 8.190 318 105.039 7,410 199 Other income 1,237 93,617 1,161 152376 2,398 245.993 31,199 143,847 Expendliure.. Cost of charitablè actSvities 79,352 3.096 81449 1.498 29,650 31.148 80.850 32,746 113,597 109,710 27,480 137.190 Other costs Total Expendlture Net incomellexpendtturel 11.168 121,228 132.396 6.657 Transfer between funds 17 Net movements In lunds 11,168 121,228 132,396 6.657 Recondllatlon of funds: Total funds brought forward 17 31.131 271.753 302,884 296,227 Total funds carrled fonyard 17 42.299 392,981 435,281 302.884 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuin8 activities.
BETHEL EVANGELICAL CHURCH COVENTR Y BALANCE SHEET AS AT 31 MARCH 2025 Note 2025 2025 2025 2024 Unrestricte(l Re5trl¢teil Total Total fund5 funds funds fvnds FIXED ASSErs Tangible fixed assets io 109,263 578,063 687.326 593.644 CURRENT ASSETS Debtors and prepayments Cash at bank and in hand li 3,195 60.862 3,195 60.862 4,025 36,756 40,781 TOTAL CURRENT ASSETS 64,057 64,057 CREDITOR5 Amount5 fallin8 due within one year 12 13.6931 19,4051 113,0981 118,6511 NET CURRENT ASSEf5 60.365 19A051 50.960 TOTALASSETS LESS CURRENT IIABILMES 16927 568.658 738,285 615,774 CREDITORS Amounts falling due after more than one year 13 1303,CKMI 1303.WI 1312,8901 NET ASSETS I6917 265.654 435.281 302 FUNDS Restricted funds 17 17 392,981 42.299 435281 271,753 31.131 a0284 Unrestricted fund5 TOTAL FUNDS The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behal by . Trustee
BETHEL EVANGELICAL CHURCH COVENTRY Notes to the FinaDCi?I Statements for the year ended 31fj1 March 2025 I: Accounting Policies 1.1 The flnancial Statements have been prepared in accordance with the Charities Act 2011, FRS 102 he Financial Reporting Standard applicable in the UK and Republic of Ireland. I'FRS 102,1 and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to organisation5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective l January 20191. The organisation is a Publlc Benefit Entity as defined by FRS 102. The organisation has taken advantage of the provisions in the SORP for charities not to prepare Statement of Cash Flows. The financial statements have departed from the Charities IAccounts and Reports) Regulations 2tM)8 onty to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for organisations applying FRS 102 rather than the version of the Statement of RecoTnmended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements have been prepad under the historical cost convention. The princrpal accounting kx>licies adopted are set out below.. 1.2 Going concern At the time of approving the financial statements, the trustees have a asonable expectation that the organisation has adequate reSoUrS to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statement5. 1.3 Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their objectNes. Restricted funds are subjett to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the organisation is legalty entitled to it after any performance Conditions have been met. the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the organisation has been notified of the donation, unless performance conditions require deferral of the amount. Income tax retoverable in relation to donation5 received under Gift Aid or deeds of covenant is reco8nised at the time of the donation.
BETHEL EVANGELICAL CHURCH COVENTRY Notes to the fifian¢lal Statements for the year ended 31 March 2025 (continued) I: Accounting Polldes Icontinuedl 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economlc benefit to a third party, it is probable that a transfer of economic benefit5 will be required in settlement, and the amount of the obli8ation can be measured reliably. Expendwture is classified by activity. The costs of each activity are made up of the total of direct costs and Shared costs, including support costs invofved in undertaking each activity- Dirert costs attributsble to a single activity are allocated dirertly to that attivity. Shared costs which contribute to more than one activity and support cosls which are not attributable to a single activity are apportioned between those activities on a ba515 consistent with the use of resourtes. 1.6 Tangible fixed assets and depreciation Tangible fixed assets are ststed at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life. as follows- Freehold property- 1% perènnum on cost Fi¥turesand fittings- 33% perannum on cost. 20% per annum on cost. IO% per annum on cost Computer equipment-33% per annum on cost. DonatloTrs. grants and legacles Total Funds 2025 Total Funds 2024 Unrestricted Restricted Funds Fund5 Donations and Glfts reIved 70.612 22,215 10,650 4,688 111,575 149,128 92,827 10,650 20,036 111,575 235J188 80,511 1,000 17.522 6,IX15 105.039 Legacie5 Gift aid recovered 15.348 Grants re¢elved 85.960 OtherTradlng Artivities Total Funds 2025 Total Funds 2024 Unrestricted Restricted Funds Funds Rent ReteNed 6.420 6AZO 1,770 8,190 8.191 7,410 7NIO
BETHEL EVANGELICAL CHURCH COVENTR Y 14ote$ to the Financial Statements for the year ended 31" March 2025 (continued) InTMStment Income Total Funds 2025 Total Funds 2024 Unrestricted Restricted Funds Funds Deposit Account Interest 318 318 199 318 318 199 Other Income Total Funds 2025 Total Funds 2024 Unrestricted Restricted Funds Funds Philippines Mission Trip Other Income 1.161 1.161 1,237 2398 31.199 1,237 1.237 1.161 31.199 Costs <rfCharitable Artivities Total Funds 2025 Total Funds 2024 Unrestricted Restricted Funds Funds Churth artivtIeS . Wagès and Salarrès Insur8n¢e 24.225 2,400 12.015 743 24.225 22,273 2,261 12,719 1.238 150 12,015 743 Cleaning Wjslting minlstry Repalrs, maintenance and renewals Music. worship and topyright Gifts and donation5 to charitv Caterlng Discipleship Equlpment hore Small equipment and furniture Premises hire and premises costs Computer and software PrlntlnE. publlclty and webstte Events 4.547 4,547 1,009 1,967 1,187 1,954 905 1,967 1,187 3,205 608 79 885 692 602 950 12,360 12,360 568 13,267 518 289 289 43 2,131 2.131 I,Iso 2,199 1.521 366 Philippines Mlsslon Trip Other costs i.lso 29,704 1,008 1,646 2,199 1,521 366 office, InterneL Telèphonè Tialning Garden Project Grants and support Professional Fees 4,567 11.003 1,464 80,850 109.710 9,830 509 9,830 509 79352 IA98
BtTHEi EVANGELICAL CHURCH COVENTRY Notes to the Financial Statements for the yearended 31st March 2025 Icontlnued) Other Costs Total Funds Total Funds 2024 Unrestricted Restricted Funds Funds 2025 Support costs . l)epreciation Interest on Loan 2AOI 12.593 17.057 14,894 17,057 79 9,114 17.546 140 Bank and currency charges Accountancy fee5 79 716 716 680 3JJ96 29,650 32.746 27A80 Net Incomel (Expenditurel This Is stated before tharÈlng= Depreciation of owned assets 2025 2024 14.895 9,114 AnalysSs of staff costs, staff numbers arKI trustee remuneratlon and e¥>enses Thè average number of employees during the year was as follows '. Pastoral Servi 2025 2024 No employees received emoluments In excess of £60,OCQ12024 .' nill. The CharSty operate5 a defined contribution pension scheme. Contribution5 to the charitys pension scherne are chai8ed to the Statement of Financial Activities in the period to which they relate. There were no trustee remuneiation, benefits or expenses yaid in relation to their serVIS as trustees durin8 the year12024 Enil). One of the trustees. Mr J Klndne5S, 15 employed by the charity as chtsrth pastor. 10: Tan8lble Flxed Assels Freehold property Fixture5 and frttings Assets under construttion Computer equipment Total Cost As at 1st April 2024 Additions 620.257 29,866 57.797 1,737 651,860 108,577 50,780 Dlsposals lis at 3tst Marth 2025 620,257 87.663 50,780 1,737 760,437 Depreciation As at 1st April 2024 Charge for the year Disposa15 As at 31st March 2025 37,218 6.203 19.261 8,692 1.737 58.216 14.895 43,421 27,953 1,737 73.111 Net Book ValLtre A% at 1st April 2024 s at 3ts1 March 2025 583.039 576.836 10,605 59,710 593,644 687,326 50,780
BETHEL EVANGELICAL CHURCH COVENTRY Notss to the Financial Ststements for the year ended 31X March 2025 Icontlnuedl 10: TanBlble FFKed Assets Icont.) A55ets under construrtion represent expenditure on prgperty and equipment that Is not yet complete and therefore not yet available for use. Such assets are not depreciated until they are avallable for their intended use, at which point they are transferred to fixtures and flttlngs. 11: Debtors: amounts fallin8 due wlthln one year: 2025 2024 Other debtor5 Prepayments and accrued income 1,440 1.530 1,755 3,195 2.496 4,026 12: Creditors.. amounts falllng duè wlthin one ar: 2025 2024 Bank loan5 and overdraft5 I note 141 Accrua15 and deferred Income 9.405 3,693 13,098 15.843 2,808 18,651 13: Credltors: amounts falllng due after more thon one year: 2025 2024 Bank loans lsèe note 141 303.004 312.890 14: L¢Mns 2025 2024 An anatysis of the maturity of the bank loans is given below: Amounts fallinB due within one year mounts falling due in more than five years (repayable by insialmentsl 9.405 303,(K)4 15.843 312.890 leasing Agreements 2025 2024 Minimum lease payments under nOn-CanlIable operatir8 leases fall due as follows Beeen one and five years 1,536 1.536 16: Secured DÈbts 2025 2024 Bank loans 311409 328.733 The bank loan is secured by a charge overthe bulldlng. io
BETHEL EVANGELICAL CHURCH COVENTRY Notes to the Flnanclal ststsments for the year ended 31 March 2025 {continued) 17: Movements of Funds Balance as at 01104124 Balancè as at 31103125 Income Expenditure Transfer Restrlcted Funds Property fund Philippines Mission Toilet refurbishment fund EnerBV Improvement fund Comrnunity fund 264,968 1,495 39.641 1,161 2,650 108.925 123,8701 11.1501 280,739 1,506 2,650 102,797 5,290 392,981 16.1281 5,290 271,753 152,376 131.1481 Deslffnated Fund Maureen Ash Legacv unrtrIcted Funds General fund I,oc I,(0 30,131 93.617 182,4491 41,299 Total Funds 302,884 245.993 1113,5971 435.281 Movemefftts of Funds {Prior Year) Balance as at 01104123 Balance as at 31103124 Income Expenditure Transfer Restrlrted Funds Propertyfvnd Philippines Misslon GaTden Project Warm Hub 252,496 36,831 31.199 3.015 3.000 124.3591 129,7041 14,5671 13,(M)01 264,%8 1,495 1,552 Community fund 6,790 259,286 11,5001 52 S,29) 271,753 74.045 161,6301 Deslgnated Fund Maureen Ash Legacy Unrestrfcted Fund5 General fund 36,941 68,802 175,5601 1521 30.131 Total Funds 296,227 143,847 1137.1901 302,884 t4ature ol Restrlcted Fund5- Property fund.. This was est3bllshed as a fund for development and major works on our freehold site. It was used to provide a new church building which is currÈntly funded by a bank loan. Wann Hub .. This wa5 funding Specifical to provide a warm hub at Bethel Church. Fundlng in 2023124 was provided by National Grid. Community fund '. This fund was established for communlty activitie5. Phllippine5 Mi55ion . The fund covers the costs of a mission trip by a number of church members to the Philippines and on8oing targeted costs of medical support channelled through contacts In churches.
BETHEL EVANGELICAL CHURCH COVENTRY Notes to the Flnandal Statements for the year ended 31 March 2025 (contlnued) Garden ProjeLt". Funding wa5 provided to produce fruit and vegetables as part of the Incredible Edible projert. Energy Improvement Fund . An award from the VCSE energy efflciency scheme to implement capital projects in the centre Iwindow5. solar pane15 etc.) Nature of Deslgnatsd Fund Maureen Ash Legacy: A small legacy to benefit the churth to be used as dlre¢ted by the trustees. 18: Related Party Trdnsarti¢n$ Durlng the year Mrs H Klndness. the wrfe of one of the trustees received remuneration of £36612024 . 3601 for bookkeeplng seNices. A 8rant of £1,20012024: El,2cKJI was made to Jim Grindell the brother of one of the trustees. The grant was a support ant for Chrlstian mlnistry in accordance with the charity objectives. 19: StstemeTht of Prior Year Financial Artlvltles for the Year Ended 31A Marth 2024 Unrestricted Restricted 2023 Total Total Funds Funds Fund5 Funds Jntome . Oonations. grants and legacies other trading activStles Investment income 69.802 35.237 7,410 199 105,039 7,410 199 108,192 6,250 37 Other income 31,199 74,045 31.199 143A47 Total Income 69002 114,479 EXpendIre. Cost of charitable activitÉes 72,439 3,121 75,560 37,271 24,359 61.630 109,710 27,480 137,190 83,433 28,064 111.497 Other c05t5 Total Expendlture Net incomellèxperKtTrtvrel 15,758} 12,415 6,657 2,982 Transfer between funds Net movemènts In funds 52 52 (S10) 11467 6fi57 2,982 Reconciliation of funds: Total fLFnds brought forward 36,941 259,286 296,227 293.245 Total funds carrled forward 31,131 271,753 302A84 296.227 12
BETHEL EVANGELICAL CHURCH COVENTR Y Independent examinerfs report to the trustees of Bethel EvaD8ellcal Church Coventry I report ¢)n the accounts forthe year ended 31 March 2024 which are set OLrt on pages 4 to 12. Respectlve responsibilit$ of the trustees and the examiner The trustee5 consider that an audtt is not reqUId for this year under 5ertion 144121 of the Charltles Art 2011 (the 2011 Adl and that an independent examinatlon Is needed. It is my responslbllity to examine the accounts under section 145 of the 2011 Act.. follow the procedures laid down in the General Directions gbven by the Char•ty Commissioner section 145 {51 Ibl of the 2011 Acl- and state whether particular matters have come to my attention. Basls of Independent Examinerfs Statement My examination was carried out in accordance with the General Dlrectlons gNen by the Charity Cornmissron. An examination includes a review of the accounting records kept by the organisation and a comparison of the accounts presellted wrth those records. It also includes consideringany unusual items or disc105ures in the accounts, and seekln8 explanatlons from the trustees concerning any such matters. The procedure5 undertaken do not provide all the evidence that would be required in a fvll audit, and consequentty I do not express an audit oplnion on the accounts. IndepIdent examlnerfs ststement In connection with my examination, no matters have come to my attention: which give me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the 2011 Art- or to prepare account5 which accord wtth the accountlng COrdS and cc¥mply with the accounting requirements of the 2011 Act have not been met: or 121 to which, in my opinion, attention should be drawn In orderto enable a proper understanding of the accounts to be reached. Gavin Kibble ACMA Mozaic Innovate Ltd l Kineton Road, Coventry CV2 3NR 30th Ottober 2025 13