OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← Bethel Community Church (Newport)

2024-03-31-accounts

==> picture [177 x 100] intentionally omitted <==

The Charity Commission PO Box 1268 Liverpool L69 3AR F.A.O. Head of Information Compliance.

21 January 2025

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

==> picture [89 x 61] intentionally omitted <==

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 2024

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 2024

Registered Charity Number - 1172841

Charity information

Bethel Community Church (Newport) For the year ended 31 March 2024

Registered Charity Number - 1172841

The trustees in office at 31st March 2024 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)

Accounts for the year ended 31[st] March 2024

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:

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:

• the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the 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 21st January 2025

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 2024

Restricted Unrestricted Total Restricted Unrestricted Total
31st March 31st March 31st March 31st March 31st March 31st March
2024 2024 2024 2023 2023 2023
INCOME
Tithes and Offerings 8438 8438 10965 10965
Gift Aid Giving 59085 59085 57947 57947
Gift Aid Claimed 18057 18057 25689 25689
Grant and Funding Income 7000 7000 0
Donations 13200 13200 9700 9700
Chair Scheme 8789 8789 2975 2975
Other Revenue 1354 1354 5344 5344
0 115923 115923 0 112620 112620
Insurance Claim 12748 25105 25105
Bank Interest 2164 2164 484 484
Sundry Income 933 933 325 325
12748 3097 3097 25105 809 25914
Total Income 12748 119020 119020 25105 113429 138534
Church Expenses
Audit & Accountancy fees 575 575 550 550
Bank Fees 182 182 204 204
Books & Leaflets 996 996 187 187
Gifts & Charitable Donations 1710 1710 1440 1440
Child Protection 237 237 0 0
Church Insurance 10911 10911 9549 9549
Cleaning 1231 1231 1602 1602
Conference Expenses 209 209 1751 1751
Dereciation of Equipment 18809 18809 0 0
Development & Chair Scheme 0 17955 17955
Family Ministry 83 83 262 262
60's Rendezvous 767 767 909 909
Fire Protection 2985 2985 691 691
Insurance Monies expend 26015 26015 43309 0 43309
IT Software & Consumables 799 799 0 0
Light and Heat 14512 14512 5229 5229
Management Services 350 350 700 700
Ministry Expenses 2245 2245 1853 1853
Missions 0 0 0
Pastoral Care 0 553 553
Pensions Costs 998 998 2021 2021
Printing & Stationery 178 178 564 564
Professional services 2586 540 3126 660 660
Rates-(Water) 550 550 507 507
Refreshments 1152 1152 1103 1103
Repairs & Maintenance 2033 1918 3951 3908 3908
Salaries National Insurance 40799 40799 35195 35195
Subscriptions & licences 5301 5301 8012 8012
Sundry Expenses 157 157 701 702
Telephone & Internet 1630 1630 1973 1973
Welcome Team 94 94 170 169
Welsh Government Funding 0 160249 0 160249
Worship Team & Equipment 2189 2189 4728 4728
Youth & Childrens Work 2176 2176 4207 4207
Total Administrative Costs 30634 114283 144917 203558 107184 310742
Surplus/Deficit -17886 4737 -25897 -178453 6245 -172208

Balance Sheet

Bethel Community Church (Newport) As at 31 March 2024

Balance Sheet
As at 31 March 2024
Bethel Community Church		 (Newport)
Fixed Assets
Computer Equipment
Furniture & Equipment
Equipment Additions
Total Fixed Assets
Current Assets		 Restricted
Unrestricted
Total
Restricted
Unrestricted
Total
31 March 2024
31 March 2024
31 March 2024 31 March 2023 31 March 2023
31 March 2023
0
1629
1629
0
1628
1628
0
120
120
0
120
120
0
73485
73485
0
0
0
0
75234
75234
0
1748
1748
Cash at bank and in hand 0
19231
19231
0
25397
25397
2145
0
2145
4056
0
4056
158327
0
158327
253923
0
253923
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 & NIC Payable
Total Current Assets
Current Liabilities		 160472
19231
179703
257979
25397
283376
0
0
0
0
1599
1599
160472
94465
254937
257979
28744
286723
PAYE & NIC Payable 0
1600
1600
0
12968
12968
0
0
0
0
3761
3761
0
0
0
0
3174
3174
0
0
0
0
334
334
Pensions Payable
Wages Payable - Payroll
Other Liabilities
0
1600
1600
0
20237
19903
Net Current Assets (Liabilities) 160472
92865
253337
257979
8507
266820
Total Assets less Current Liabilities 160472
92865
253337
257979
8507
266820
Net Assets 160472
92865
253337
257979
8507
266820
Capital and Reserves
Current Year Profits
Transfers
Retained Profits		 -17886
4737
-13149
-178453
6245
-172208
-79621
79621
0
13090
-13090
0
257979
8507
266486
423342
15352
438694
160472
92865
253337
257979
8507
266486

Bethel Community Church ( Newport )

TANGIBLE FIXED ASSETS at 31st March 2024

COST
Opening balance
Disposals
Additions
CLOSING BALANCE
DEPRECIATION
( 20% Reducing balance)
Opening balance
Disposals
Charge for year
CLOSING BALANCE
NET BOOK VALUE
At beginning of year
At end of year		 LAND &
BUILDING
£
0
0
0		 20%
FITTINGS
£
0
0
0		 20%
INSTRMT
AUDIO
£
0
0
43,236		 COMPUTER
EQUIPMENT
£
1628
0
0		 20%
EQUIPMNT
£
120
0
49,058
49,178
0
0
9,836
9,836
£120
£39,342		 TOTAL
£
1,748
0
92,294
0 0 43,236 1,628 94,042
0
0
0		 0
0
0		 0
0
8,647		 0
0
326		 0
0
18,809
0 0 8,647 326 18,809
£0 £0 £0 £1,748
£0 £0 £34,589 £75,233

Notes to the Accounts

Bethel Community Church (Newport)

For the Year Ended 31st March 2024

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.

Equipment, Furniture, Fixtures and Fittings and Motor Vehicles

Depreciation has been charged at 20% per annum on a reducing balance 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

Restricted Funds

Bethel Community Church (Newport) For the year ended 31 March 2024

Restricted Funds

Insurance monies received are restricted. They are specifically for the rebuild of the church as a result of a fire which totally destroyed the building. 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.

Independent Examiners Report

Report to the trustees / members of -

BETHEL COMMUNITY CHURCH (NEWPORT)

Accounts for the year ended 31[st] March 2024

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:

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:

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 21st January 2025

Mrs Susan Lewis FCCA

Association of Certified and Chartered Accounts

6 Park Road Newbridge Newport NP11 4RF