1
## **BETHANY**
## **(CHARITABLE INCORPORATED ORGANISATION)**
## **CHARITY NUMBER 1175302**
## **TRUSTEES REPORT AND FINANCIAL**
## **STATEMENTS**
## **FOR THE YEAR ENDED 31 JANUARY 2022**
## **CONTENTS**
Reference and administrative details of the charity, its trustees. Trustees' report
Bethany 1175302 – Annual R-2021 - 22
2
## **BETHANY**
## **(CHARITABLE INCORPORATED ORGANISATION)**
ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2022
## **Trustees**
S Moronkeji
H M Adams
E A Moronkeji
## **Charity registered number**
1175302
## **Registered Office**
## **Admin Office**
Almick Lodge Unit 6; Horsefair Walk Tattershall Road 22 – 24 Bull Ring Billinghay Horncastle Lincs. LN4 4BW LN9 5HU
## **Independent Examiner**
Hilary Sean Services Limited Suite 12 South Square House Boston. PE21 6JU
Bethany 1175302 – Annual R-2021 - 22
3
## **BETHANY**
## **(CHARITABLE INCORPORATED ORGANISATION)**
The Trustees present their annual report together with the financial statements for the year 1 February 2021 to 31 January 2022.
The Trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, and the requirements of the Charity’s Constitution.
## **CONSTITUTION**
Bethany is registered as a Charitable Incorporated Organisation whose only voting members are its Trustees. Governing document is ‘Foundation Model Constitution’, registered charity number 1175302. Charitable status was registered on 23/10/2017.
## **Trustees:**
The management of the CIO is the responsibility of the Trustees. Trustees are appointed as stated in sections 10 -12 of the CIO constitution.
## **Objects of Bethany:**
To advance the Christian Faith in accordance with the Statement of Beliefs and to relieve sickness and financial hardship and to promote and preserve good health. To advance education in parts of UK or the world as the trustees from time to time may think fit.
## **Finance:**
The charity’s revenue streams from Tithes, offerings, covenant gifts from friends of the ministry, and from a private business; we also received dividends from investments made last year. The charity has been able to meet the costs of hall hire, community activities, children and youth consumables and general expenses needed to sustain regular activities and admin office operations. We continue to maintain a reserve fund for six months adjusted to reflect the prior six month’s financial activities.
## **Risk management:**
The Trustees have assessed the major risks to which the CIO is exposed to, in particular those related to the operations and finances of the charity; and are satisfied that, systems and procedures are in place to mitigate our exposure to the major risks.
## **STATUTORY OBLIGATIONS**
**Insurance:** The charity took out a Liability Insurance covering all Church / Ministry activities within and outside the Stanhope Hall. (Including Trustee indemnity, employer and public liability; and the Bible School). The admin office and office equipment are insured.
**Safeguarding:** The trustees agree to adopt a formal ‘Policy on Safeguarding Children and Vulnerable Adults.’ Policy will be reviewed and overhauled during the next year to reflect Charity progress.
Bethany 1175302 – Annual R-2021 - 22
4
## **BETHANY**
## **(CHARITABLE INCORPORATED ORGANISATION)**
**Trustee Supporters:** Due to COVID restrictions – There has been minimal TS input this year – but we hope to return to full capacity as we progress into the next twelve months. TS’s are to observe, encourage, discuss and contribute to Trustee meetings. This is to strengthen the charity in fulfilling its statutory and charitable objectives.
## **ADVANCING THE CHRISTIAN FAITH**
## **Church Fellowship:**
Bethany continues to be blessed with steady and stable growth. We remained focused on Salvation of mankind and Kingdom Advancement. And uphold a desire to see people discipled into a God loving, obedient and joy-filled individuals and families.
We continue to strengthen our foundation in Christ through Bible Fellowship, prayers, worship and fellowship. It has been a year of sustained daily worship activities – geared towards seeing God glorified in our communities; souls restored and encouraged to live life as God intended.
We continue to experience life in the Kingdom and aspire to be a multi-generational fellowship drawing people from our communities into the Kingdom.
## **Mid-Week Fellowship:**
We have returned to our weekly Outreach / worship services in Boston Town.
## **Children and Youth: Online Activities only**
Children and Youths work their faith through foundational spiritual truths, faith building teaching, chat groups, stories and fun. They are encouraged to develop a living relationship with Jesus in a relevant and entertaining way. A core of enthusiastic and dedicated teachers continues in their relentless work helping our Children and Youths develop their full potential in God. We use drama, music, quiz, drawings, and games to increase the growth, overall enjoyment and encourage prayer, Bible reading and learning Bible memory verses to aid their spiritual growth.
**‘Arrows’** -Our children group – from pre-school age to year 6 / age 10. **‘Royals’** -Our Youth group – from year 7 / age 11 upwards. This is where we step up the spiritual growth and wellbeing of our children in preparation for life of adulthood. The Royals are encouraged to be involved in wider Church and ministry activities, fellowship and outreach.
At ‘Bethany’, we regard the protection and safeguarding of children and vulnerable adults as a priority. In the interests of the safety and wellbeing of all, we operate a formal safeguarding policy.
Bethany 1175302 – Annual R-2021 - 22
5
## **BETHANY**
## **(CHARITABLE INCORPORATED ORGANISATION)**
## **Christ Intercessory Academy (CiA) – Education & Training**
## **Bible School:**
The third year ‘Charlie Session’ of the Bible School took off this year. Two candidates are registered and will spend two years to complete the twelve Modules. There’ll be no graduation this Easter as we’ve had to adjust School terms due to COVID restrictions which hindered study progress.
## **International Mission**
## **Sponsored Mission in Pakistan**
We plan to increase our (Grant) Sponsorship of Missionary Teachers from one to two teachers. Grant is in giving to support the employment of teachers in Missions to teach and encourage Brick Maker’s Children in MULTAN – Pakistan.
## **Inter-church work** :
We continue to enjoy fellowship with other Churches and Missions in Horncastle. We are part of the Horncastle Churches Together, meeting once a month for prayer and fellowship. We continue to engage in a way that encourage / enable everyone fulfil their charitable objectives in our communities.
Bethany Church is accountable to, as well as a full member of **Churches in Communities International (CiC)** . We are also a member of the Evangelical Alliance. CiC is an Apostolic network, offering support to churches and ministries. Enabling churches to flourish in their local context, replicate and confidently work in partnership with other sectors, whilst remaining autonomous.
## **COMMUNITY ACTIVITIES**
## **Grant Making Policy:**
As a charity, poverty relief is one of our objectives for public benefit. We have a grant making policy. Funds were raised through the Church attendees and friends of the charity. We have been less active this past year due to the restriction of COVID. We look forward to the year ahead with new vigour.
Bethany 1175302 – Annual R-2021 - 22
6
## **BETHANY**
## **(CHARITABLE INCORPORATED ORGANISATION)**
## **GOING CONCERN**
After making appropriate enquiries, the trustees have a reasonable expectation that the charity is on the right track to continue in operational existence for the foreseeable future. And should be fulfilling more of its objectives in the next year.
## **Reserves Policy**
The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should remain the value of 6 months of the resources expended. At this level, the trustees feel that they would be able to continue the current activities of the charity in the event of a significant drop in funding. It would obviously be necessary to consider how the funding would be replaced. The Trustees will continue to review the threshold for the Charity’s Reserve Fund and financial activities.
## **FUTURE DEVELOPMENTS**
The Trustees will continue to work hard to realise the vision of the charity, in particular engaging with our local communities, families, children, and young person. We hope to further our reach this new year into more communities to offer ministry and charitable services in line with our call and charitable objectives.
A high priority is given to ensuring those attending weekly activities enjoy a safe, secure, and sure environment.
Our admi office is operating effectively and we continue to seek a secure permanent/long- term address to activate the full potential of this wonderful organisation.
This report and account were approved by the Trustees, on 31[st] March 2022 and signed on their behalf by:
## **……………………………………………**
## **Rev. Eyitayo Moronkeji**
## **Chair of Trustees**
Bethany 1175302 – Annual R-2021 - 22
|**Charity Name**||**No (if any)**|||
|---|---|---|---|---|
|**Bethany**||**1175302**|||
|**Receipts andpayments accounts**||||**CC16a**|
|**For the period**
**from**|**01/02/2021**
Period start date|**31/01/2022**
Period end date
**To**|||
|**Section A Receipts and payments**|**Section A Receipts and payments**||||||
|---|---|---|---|---|---|---|
|**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest**
**£**
**390**
**-**
**8,255**
**37,302**
**935**
**204**
**206**
**-**
**47,291**
**932**
**-**
**932**
**48,224**
**22,322**
**3,867**
**607**
**-**
**1,217**
**1,121**
**-**
**-**
**-**
**29,134**
**-**
**-**
**-**
**29,134**
**19,089**
**-**
**35,801**
**54,890**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**20**
**-**
**-**
**-**
**-**
**-**
**20**
**-**
**-**
**-**
**20**
**- 20**
**-**
**303**
**283**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest £**
**390**
**-**
**8,255**
**37,302**
**935**
**204**
**206**
**-**
**47,291**
**932**
**-**
**932**
**48,224**
**22,322**
**3,867**
**607**
**20**
**1,217**
**1,121**
**-**
**-**
**-**
**29,154**
**-**
**-**
**-**
**29,154**
**19,069**||**Last year**
**to the nearest £**|
|Grants / fees - Education|**390**|||||**2,103**|
|Fundraising- Grant Scheme|**-**|||||**9**|
|Gift Aid - Receipts|**8,255**|||||**7,906**|
|Donations - Tithes & offerings|**37,302**|||||**37,966**|
|For International Mission|**935**|||||**-**|
|Others - Interest - Dividend|**204**|||||**6**|
|Refunds|**206**|||||**-**|
||**-**|||||**-**|
|**_Sub total_**_(Gross income for_
_AR)_|
**47,291**|||||**47,990**|
||||||||
|**A2 Asset and investment sales,**
**(see table).**|||||||
|**RL repayment**|**932**|||||**650**|
||**-**|||||**-**|
|**_Sub total_**|**932**|||||**650**|
|**_Total receipts_**
**A3 Payments**|||||||
|||||||**48,640**|
||||||||
|
Charitable Activities|**22,322**|||||**17,946**|
|Separate item of Expense|**3,867**|||||**3,817**|
|UK Mission|**607**|||||**465**|
|Grant Scheme|**-**|||||**50**|
|Missions|**1,217**|||||**2,015**|
|Utilities / Rates|**1,121**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
|**_Sub total_ **|**29,134**|||||**24,293**|
||||||||
|**A4 Asset and investment**
**purchases, (see table)**|||||||
|
Invest GP|**-**|||||**5,000**|
||**-**||||||
|**_Sub total_ **|**-**|||||**-**|
|**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|||||||
|||||||**24,293**|
||||||||
||**19,089**|**- 20**|**-**|**19,069**||**24,347**|
||**-**|**-**|**-**|**-**||**-**|
||**35,801**|**303**|**-**|**36,104**||**-**|
||**54,890**|**283**|**-**|**55,173**||**24,347**|
CCXX R1 accounts (SS)
20/07/2022
1
|**Section B Statement of assets and liabilities at**|**Section B Statement of assets and liabilities at**|**the end of the period**||
|---|---|---|---|
|**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B1 Cash funds**|**Details**
Green Pastures
**Details**
Computer; IT & PA Systems
Office Equipments
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
Cash at Bank
**Details**
sm
Signature
mae|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**54,832**
**283**
**-**
**-**
**-**
**-**
**54,832**
**283**
Agreement Error
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**Unrestricted**
**5,000**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
Unrestricted
**3,500**
**2,500**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
E. Moronkeji
S. Moronkeji|**Endowment**
**funds**
**to nearest £**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**5,000**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**When due**
**(optional)**|
|||||
|||||
|||||
|||||
|||||
|||||
||||Date of
approval|
||mae|E. Moronkeji|22/03/2022|
||sm|S. Moronkeji|22/03/2022|
CCXX R2 accounts (SS)
20/07/2022
2
Hilary Sean Services Limited
## **Independent examiner's report on the accounts**
**Section A Independent Examiner’s Report**
**Report to the trustees/** BETHANY **members of On accounts for the year** 31 JANUARY 2022 **Charity no** 1175302 **ended (if any) Set out on pages** 1
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/01/2022
**Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
**Independent** I have completed my examination. I can confirm that no material matters **examiner's statement** have come to my attention. There is no material concern in connection with the examination which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 130 of the Act or
- the accounts do not accord with the accounting records
**Signed: Date:** 20/07/2022 **Name:** Ofure Obomighie **Relevant professional** Chartered Institute of Management Accountants **qualification(s) or body (if any): Address:** Boston Enterprise Centre Enterprise Way, Boston PE21 7TW
**October 2018**
1
**IER**