BETHEL EVANGELICAL CHURCH, HAVANT
REPORT & ACCOUNTS FOR YEAR END 1 APRIL 2022
441 Dunsbury Way Leigh Park, PO9 5BD Tel. 023920176400 www.bethelleighpark.org.uk email: admin@bethelleighpark.org.uk
LEGAL & ADMINISTRATIVE DETAILS
Charity name: Bethel Evangelical Church, Havant Charity number: 1180734
Trustees:
Reverend Glen Paul Galbraith
Brad Galbraith
David Christopher Austin
Jan Morant
Matthew James Morant
Bankers CAF Bank Ltd
REPORT OF THE TRUSTEES FOR YEAR ENDED 1 APRIL 2022
Objectives and Activities of the Charity
The advancement of the Christian faith in accordance with the Basis of Faith primarily but not exclusively within Havant and the surrounding neighbourhood. Based at 441 Dunsbury Way, Havant. Such other charitable purposes as shall, in the opinion of the charity Trustees, put into practice the Christian faith in accordance with the Basis of Faith, including but not limited to: the prevention and relief of need, hardship and sickness; the advancement of education; and the provision of facilities in the interests of social welfare for the recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life; provided that the advancement of such purposes must be undertaken in a manner that is consistent with the doctrinal distinctives and ethical statements as may be adopted and amended by the CIO from time to time.
Government
Any substantial policy and operating decisions of the charity are brought to the members of the church by the Trustees in order for a vote to take place. Otherwise the smaller day to day decisions rest with the Trustees.
The Board of Trustees are made up of the Elders, Deacons and church administrator. These positions are filled from within the membership and chosen by the voting members of the church.
Review of Activities
As well as our Sunday Service the church runs a number of other ministries. These include; Mums and Tots, Prayer meeting, Women’s groups, children & youth clubs and an English as Second Language class amongst other activities. These run throughout the week in order to reach the surrounding neighborhood and to minister to our regular members.
Financial Summary
The current cash balance across all funds is £2966.65. Total income for the year was £112,158.33. Of this total income £52,902.29 was given for the new building project. The majority of this was raised from charities in the United States. A further £17,800 was paid to the church as a down payment on the sale of the manse and was recorded in the “pastor’s fund” account. The
trustees and entire membership of the church voted to sell the manse to Glen Galbraith for the amount of £180,000. This will be paid over time in installments until the full sales price has been reached; at which time, the ownership of the manse will be transferred to Glen Galbraith. It was agreed that if Glen Galbraith does not pay the full sales price and relinquishes his right to the purchase, all payments made would be considered as a donation to Bethel Evangelical Church and would not be refunded.
The pastor’s fund is running in a negative balance as it receives no income. It is listed separately to show the expenses associated with pastor’s housing. All moneys paid toward the sale of said manse is recorded here.
Church Assets: The church has increased the value of their assets through the extending of the church property, creating a new auditorium and fellowship hall plus four toilet. The church building with new extension has not been valued as building works are not entirely completed.
Approval
This report was approved by the Trustees at the Annual General Meeting held on 12 May, 2021 and signed on their behalf by:
Jan Morant
Bethel Evangelical Church CIO Income and Expense Summary 1 April 2021 to 1 April 2022
General Fund
Administrator Fund
| Previous Balance | £ | 10,184.17 |
|---|---|---|
| Income | £ | 26,214.28 |
| Expenses | £ | 30,254.10 |
| Building | £ | 1,463.25 |
| Visiting speakers | £ | 200.00 |
| Utilities | £ | 3,116.69 |
| Office supplies | £ | 992.93 |
| Other | £ | 2,451.04 |
| Insurance | £ | 793.54 |
| Evangelism and Outreach | £ | 1,088.25 |
| Salaries | £ | 15,766.74 |
| Children | £ | 4,381.66 |
| Total Expense | £ | 30,254.10 |
| Current Balance | £ | 6,144.35 |
| Previous Balance | -£ | 437.50 |
|---|---|---|
| Income | £ | 437.50 |
| Expenses | £ | - |
| Current Balance | £ | - |
| Projects Fund | ||
|---|---|---|
| Previous Balance | -£ | 44.27 |
| Income | £ | 10,837.53 |
| Expenses | £ | 10,793.26 |
| Current Balance | £ | 0.00 |
| Missions | Fund | |
|---|---|---|
| Previous Balance | £ | 2,525.42 |
| Income | £ | 3,966.73 |
| Expenses | £ | 2,534.69 |
| Current Balance | £ | 3,957.46 |
| Building | Fund | ||
|---|---|---|---|
| Previous Balance | £ | 43,319.98 |
|
| Income | £ | 52,902.29 |
|
| Expenses | £ | 92,489.41 |
|
| Current Balance | £ | 3,732.86 |
| Total Across All | Total Across All | Funds |
|---|---|---|
| Previous Balance | £ | 28,564.81 |
| Total Income | £ | 112,158.33 |
| Total Expenses | £ | 137,756.49 |
| Current Balance | £ | 2,966.65 |
| CAF Bank Account Balances 1 Apr | CAF Bank Account Balances 1 Apr |
|---|---|
| Cash Account | £1,260.29 |
| Gold Account | £1,706.36 |
| Total in accounts | £2,966.65 |
| Pastor's | Fund | |
|---|---|---|
| Previous Balance | -£ | 26,982.99 |
| Income | £ | 17,800.00 |
| Expenses | £ | 1,685.03 |
| Current Balance | -£ | 10,868.02 |