BETHEL CHURCH OF LONDON
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023
REGISTERED NO 1167618
BETHEL CHURCH OF LONDON TRUSTEES' REPORT
The trustees present their report and accounts for the year ended 31 December 2023.
The activities of the charity
Bethel Church of London ("the Trust") exists to advance the Christian religion and the worship of God for the public benefit.
Financial
The surplus for the year is £206 and has been transferred to the general fund.
Trustees
The Trust was administered by its three trustees:
Jong Hyun Nam Hashin Jung Esther Bong Mi Choi
Trustees' responsibilities
The constitution of the charity and charity law require the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources for that period. In preparing those accounts the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue its activities.
The trustees are responsible for maintaining proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities with an appropriate system of internal controls.
Independent Examiner of the Trust is Yang & Partners Ltd trading as Archbird of Suite 41, Chessington Business Centre, 37 Cox Lane, Chessington, Surrey, KT9 1SD.
This report was approved by the Trustees on 16th July 2024.
………………………………… J H Nam (Chairperson)
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BETHEL CHURCH OF LONDON INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
We report on the accounts of Bethel Church of London for the year ended 31 December 2023, which are set out on pages 3 to 5.
Respective Responsibilities of Trustees and Examiner
As the charity's trustees, you are responsible for the preparation of the accounts; you consider that the audit is not required for this year under section of 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Charities Act, whether particular matters have come to our attention.
Basis of Independent Examiner's Report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. The examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
In connection with our examination, no matters have come to our attention:
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1) which give us reasonable cause to believe that, in any material respect, the requirements:
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i ) i) to keep accounting records in accordance with section 130 of the charities Act; and ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
2) which, in our opinion, attention should be drawn to in order to enable a proper understanding of the accounts to be reached.
………………………………….
Yang & Partners Ltd trading as Archbird
Chartered Certified Accountants Suite 41, Chessington Business Centre 37 Cox Lane Chessington Surrey KT9 1SD
16 July 2024
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BETHEL CHURCH OF LONDON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| Notes INCOMING RESOURCES Donations TOTAL INCOMING RESOURCES RESOURCES EXPENDED Activities in furthernance of the charity's objects Donations to third parties Administrative expenses 2 TOTAL RESOURCES EXPENDED Net incoming/(outgoing) resources for the year General fund brought forward General fund carried forward |
2023 2022 £ £ 51,420 46,413 |
|---|---|
| 51,420 46,413 11,537 13,275 3,950 820 35,727 33,264 |
|
| 51,214 47,359 206 (946) 16,460 17,406 |
|
| 16,666 16,460 |
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BETHEL CHURCH OF LONDON BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2023
| Notes Current assets Cash at bank and in hand Creditors: amounts falling due within one year 3 Total assets less current liabilities Funds General fund 4 |
2023 £ 18,131 (1,465) 16,666 16,666 |
2022 £ 17,570 (1,110) |
|---|---|---|
| 16,460 | ||
| 16,460 |
Approved by the Trustees on 16th July 2024 and signed on their behalf:
……………………………………………….. J H Nam (Chairperson)
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BETHEL CHURCH OF LONDON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
1 Accounting policies
The financial statements are prepared in accordance with the Statement of Recommended " Accounting by Charities" and applicable accounting standards.
Accounting convention
The financial statements are prepared under the historical cost convention.
Incoming resources - donations
These represent voluntary donations from members and third parties which are accounted for when received.
| 2 Administrative expenses Wages and salaries Pension Rent Subscription Repairs and renewals Bank charges General expenses Accountancy fee Advertising 3 Creditors: amounts falling due within one year Other taxes and social security costs Other creditor 4 Movement in general fund At 1 January Net incoming/(outgoing) resources for the year At 31 December |
2023 £ 22,665 431 10,800 55 - 175 192 900 509 35,727 2023 £ 865 600 1,465 2023 £ 16,460 206 16,666 |
2022 £ 20,604 431 10,800 - 50 90 165 900 224 |
|---|---|---|
| 33,264 | ||
| 2022 £ 510 600 |
||
| 1,110 | ||
| 2022 £ 17,406 (946) |
||
| 16,460 |
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