**==> 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 - Independent Examiners Report - Profit and Loss Account - Balance Sheet - Notes to the Accounts ## **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: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the - Charities Act, and - 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: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or • 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** - Unrestricted funds comprise those funds which the Trustees are free to use in accordance with the charitable objectives. - Designated funds are unrestricted funds earmarked by the trustees for particular purposes - 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 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: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the - Charities Act, and - 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: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - 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