The Charity Commission PO Box 1268 Liverpool L69 3AR F.A.O. Head of Information Compliance.
18 January 2024
Bethel Community Church (Newport) Charity No 1172841
I write to confirm that a meeting has been held by the Trustees of the above named Charity. The independent examiner’s report for the year ending 31 March 2023 was presented and examined. The report has been accepted by all of the Trustees (the Committee of Management).
Yours faithfully,
Pastor Andrew Cleverly
Pastor Andrew Cleverly On behalf of the Trustees of the Charity
Bethel Community Church (Newport) C/o The Gap Centre Stow Hill Newport South Wales UK NP20 1JG pastor@bethelnewport.co.uk
Building People Building Community
Bethel Community Church (Newport) C/o The Gap Centre Stow Hill, Newport NP20 1JG T: 01633 221908
E:
pastor@bethelnewport.co.uk www.bethelnewport.co.uk
Registered CIO No. 1172841
Bethel Community Church (Newport)
Financial Accounts
For the year ended 31 March 2023
Registered Charity Number - 1172841
Registered Office
The Gap Centre 42 Stow Hill Newport NP20 1JG
INDEX
Bethel Community Church (Newport) For the year ended 31 March 2023
Registered Charity Number - 1172841
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Charity Information
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Independent Examiners Report
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Profit and Loss Account
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Balance Sheet
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Notes to the Accounts
Charity information
Bethel Community Church (Newport) For the year ended 31 March 2023
Registered Charity Number - 1172841
The trustees in office at 31st March 2022 were:
Mr Andrew Cleverly Mr Robert Burton Mrs Sarah Croft Mr Jonathan Croft Mr Steve Amstead Mrs Pauline Gould
Charity Registered Office
The Gap Centre 42 Stow Hill Newport NP20 1JG
Independent Examiners Report
Report to the trustees / members of -
BETHEL COMMUNITY CHURCH (NEWPORT)
On accounts for the year ended 31[st] March 2023
Set out on pages 1 - 4
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the
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Charities Act, and
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to state whether particular matters have come to my attention
Basis of independent examiner's statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An 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 the 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.
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the
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Charities (Accounts and Reports) Regulations 2008 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.
Independent Examiners Statement
I 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.
Signed: S Lewis
Date : 7th December 2023
Mrs Susan Lewis FCCA
Association of Certified and Chartered Accounts
6 Park Road Newbridge Newport NP11 4RF
Profit and Loss
Bethel Community Church (Newport) For the year ended 31 March 2023
| Restricted | Unrestricted | Total | Restricted | Unrestricted | Total | |
|---|---|---|---|---|---|---|
| 31st March | 31st March | 31st March | 31st March | 31st March | 31st March | |
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | |
| INCOME | ||||||
| Tithes and Offerings | 10965 | 10965 | 18101 | 18101 | ||
| Gift Aid Giving | 57947 | 57947 | 58370 | 58370 | ||
| Gift Aid Claimed | 25689 | 25689 | 16879 | 16879 | ||
| Grant and Funding Income | 0 | 252365 | 252365 | |||
| Donations | 9700 | 9700 | 7823 | 7823 | ||
| Chair Scheme | 2975 | 2975 | 4325 | 4325 | ||
| Other Revenue | 5344 | 5344 | 2478 | 2478 | ||
| 0 | 112620 | 112620 | 252365 | 107976 | 360341 | |
| Other Income | ||||||
| Insurance Claim | 25105 | 25105 | 17204 | 0 | 17204 | |
| Bank Interest | 484 | 484 | 18 | 18 | ||
| Sundry Income | 325 | 325 | 2202 | 2202 | ||
| 25105 | 809 | 25914 | 17204 | 2220 | 19424 | |
| Total Income | 25105 | 113429 | 138534 | 269569 | 110196 | 379765 |
| Church Expenses | ||||||
| Audit & Accountancy fees | 550 | 550 | 500 | 500 | ||
| Bank Fees | 204 | 204 | 181 | 181 | ||
| Books & Leaflets | 187 | 187 | 252 | 252 | ||
| Charitable Donations | 1440 | 1440 | 1740 | 1740 | ||
| Church Insurance | 9549 | 9549 | 13329 | 13329 | ||
| Cleaning | 1602 | 1602 | 1352 | 1352 | ||
| Conference Expenses | 1751 | 1751 | 463 | 463 | ||
| Development & Chair Scheme | 17955 | 17955 | ||||
| Fire Protection | 691 | 691 | 1442 | 1442 | ||
| Gifts | 0 | 0 | 1157 | 1157 | ||
| Insurance Monies expend | 43309 | 43309 | 24733 | 5654 | 30387 | |
| IT Software & Consumables | 0 | 0 | 8 | 8 | ||
| Light and Heat | 5229 | 5229 | 2886 | 2886 | ||
| Management Services | 700 | 700 | ||||
| Ministry Expenses | 1853 | 1853 | 929 | 929 | ||
| Missions | 0 | 0 | 6625 | 6625 | ||
| Pastoral Care | 553 | 553 | 794 | 794 | ||
| Pensions Costs | 2021 | 2021 | 1618 | 1618 | ||
| Printing & Stationery | 564 | 564 | 0 | 0 | ||
| Professional services | 660 | 660 | 980 | 980 | ||
| Rates | 507 | 507 | 593 | 593 | ||
| Refreshments | 1103 | 1103 | 1598 | 1598 | ||
| Repairs & Maintenance | 3908 | 3908 | 6960 | 6967 | 13927 | |
| Salaries | 35195 | 35195 | 34170 | 34170 | ||
| Subscriptions & licences | 8012 | 8012 | 5371 | 5371 | ||
| Sundry Expenses | 2042 | 2042 | 1358 | 2122 | ||
| Telephone & Internet | 1973 | 1973 | 812 | 812 | ||
| Welsh Government Funding | 160249 | 160249 | ||||
| Worship Team & Equipment | 4728 | 4728 | 2761 | 2761 | ||
| Youth & Childrens Work | 4207 | 4207 | 1968 | 705 | ||
| Total Administrative Costs | 203558 | 107184 | 310742 | 31693 | 95508 | 126702 |
| Profit | -178453 | 6245 | -172208 | 237876 | 14688 | 253063 |
Balance Sheet
Bethel Community Church (Newport) As at 31 March 2023
| Balance Sheet As at 31 March 2023 Bethel Community Church |
(Newport) |
|---|---|
| Fixed Assets Computer Equipment Furniture & Equipment Total Fixed Assets Current Assets |
Restricted Unrestricted Total Restricted Unrestricted Total 31 March 2023 31 March 2023 31 March 2023 31 March 2022 31 March 2022 31 March 2022 1628 1628 1629 1629 120 120 120 120 0 1748 1748 0 1749 1749 |
| Cash at bank and in hand | 25397 25397 20828 20828 4056 4056 12375 12375 253923 253923 410967 410967 |
| Bethel Community Church-Current Account | |
| Bethel Community Church Insurance Account | |
| Bethel Community Church Savings Account | |
| Total Cash at bank and in hand Other current assets PAYE Payable Total Current Assets Current Liabilities |
257979 25397 283376 423342 20828 444170 1599 1599 0 7294 7294 257979 28744 286723 423342 29871 453213 |
| NIC Payable | 12968 12968 0 9999 9999 3761 3761 0 1734 1734 3174 3174 0 2786 2786 334 334 0 0 0 |
| Pensions Payable | |
| Wages Payable - Payroll Other Liabilities |
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| 0 20237 20237 0 14519 14519 |
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| Net Current Assets (Liabilities) | 257979 8507 266486 423342 15352 438694 |
| Total Assets less Current Liabilities | 257979 8507 266486 423342 15352 438694 |
| Net Assets | 257979 8507 266486 423342 15352 438694 |
| Capital and Reserves | |
| -178453 6245 -172208 237876 14688 252564 13090 -13090 0 97016 -97016 0 423342 15352 438694 88450 97680 186130 |
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| Current Year Profits Transfers Retained Profits |
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| 257979 8507 266486 423342 15352 438694 |
Notes to the Accounts
Bethel Community Church (Newport)
For the Year Ended 31st March 2023
ACCOUNTING POLICIES
The following accounting policies have been used consistently in dealing with items which are considered material in relation to the financial statements.
Accounting Convention
The financial statements have been prepared under the historical cost convention other than certain freehold property which is included at valuation. In preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice Accounting and Reporting by Charities (revised 2005) and the Charities Act 1993.
Incoming Resources
Voluntary income is received by way of donations and gifts and is included in incoming resources when these are receivable.
Interest receivable is included when it is received.
Resources Expended
Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any Value Added Tax which cannot be recovered.
Depreciation
Freehold Land and Buildings
Depreciation is only provided on freehold land and buildings where the Trustees consider that the remaining useful life is less than 50 years. The rate of depreciation is 2%on a straight line basis.
Equipment, Furniture, Fixtures and Fittings and Motor Vehicles
Depreciation has been charged at 20% per annum on a straight line basis.
Taxation
As a registered charity the Church benefits from rates relief and is generally exempt from Income Tax and Capital Gains Tax but not from Value Added Tax. Irrecoverable Value Added Tax is included in the cost of those items to which it relates.
Income tax recovered on deeds of covenants and Gift Aid donations are credited to the general unrestricted funds.
Fund Accounting
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Unrestricted funds comprise those funds which the Trustees are free to use in accordance with the charitable objectives.
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Designated funds are unrestricted funds earmarked by the trustees for particular purposes
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Restricted funds are funds which have been given for particular purposes. The restriction being placed by the donor.
Restricted Funds
Bethel Community Church (Newport) For the year ended 31 March 2023
Restricted Funds
Insurance monies received are restricted. They are specifically for the rebuild of the church as a result of a fire.
The insurance company dealing with this is Ansvar. A proportion of the rebuild costs will be paid by Ansvar to the main contractor Henstaff. Therefore the funds received will not reflect the total cost of the rebuild.
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