2024-03-31-accounts - Bethel Apostolic Church - Leeds

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Bethel Apostolic Church - Leeds

Charity number 1184993

Annual Report and Financial Statements

for the year ended 31 March 2024

Bethel Apostolic Church - Leeds

Annual Report and Financial Statements for the year ended 31 March 2024

Contents	Page
Trustees' report	2 to 4
Examiner's report	5
Receipts and payments account	6
Statement of assets and liabilities	7
Notes to the accounts	8 to 9

Prepared by West Yorkshire Community Accountancy Service CIO

Bethel Apostolic Church - Leeds

Trustees' report for the year ended 31 March 2024

Reference and administrative details of the charity, its trustees and advisors

The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates

Position Dates David Adams Chairman Thelma Stanley Treasurer Pastor Victor Stanley Brenda Adams Sheila Wilkinson-Caine Raymond Campbell

Appointed 25 April 2023 Appointed 25 April 2023

Charity number 1184993

Registered in England and Wales

Registered and principal address Bankers 43-45 Victoria Road Lloyds Bank Plc Leeds 2 The Headrow LS6 1AS Leeds LS1 6PN

Independent examiner

Rhys North ACA West Yorkshire Community Accountancy Service CIO Stringer House 34 Lupton Street Leeds LS10 2QW

Structure, governance and management

The charity is a Charitable Incorporated Organisation (CIO) formed on 21 August 2019.

Method of recruitment and appointment of trustees

The trustees of the charity are the Bishop, Overseer, the Senior Elder, Senior Evangelist, Senior Missionary, the Senior Deacon, the Pastor and the Senior Church Usher.

The charity trustees may appoint new or replacement trustees agreed by a resolution.

Bethel Apostolic Church - Leeds

Trustees' report (continued) for the year ended 31 March 2024

Objectives and activities

The charity's objects

To advance the Christian Religion in accordance with the Christian Faith, primarily but not exclusively within Leeds and the surrounding area.

The charity's main activities

Bethel Apostolic Church provides facilities for public worship and meeting the spiritual needs of attendees. The key aim is to provide support and services for the benefit of the Leeds community and the surrounding area. Members of the church and other assemblies benefit from the religious education programme that is provided. All church services are open to the public. There are no restrictions on membership in terms of ethnic groups.

The other activities of Bethel Apostolic Church include:

l Enhancing the religious principle in accordance with the Christian principle that God must be exalted l Engaging in missionary work, pastoral work and training of men and women to teach the tenets of worship
l Visiting and comforting the sick and undertake other outreach work within the wider community

Women’s Department

The above department is up and running. The aims and objectives of this department is for all female brethren to work together in unity to edify, encourage and support each other. All members are encouraged to use their spiritual gifting to fulfil their ministry in the Kingdom.

The women’s department has a wellbeing team which strives to meet the physical/spiritual and social needs of its members.

Brotherhood Department

The above department is currently in operation and currently looking at ways to encourage all of the brothers in church to develop in their faith and in turn use their gifting to build up the kingdom of God.

Community Intervention

Following overall agreement from the trustees at Bethel Apostolic Church- Leeds, the church provides funding, as and when required, to the Bethel CYDC Support Initiative project. Bethel CYDC Support Initiative (BCSI) provides a support network to help with community issues. They consist of a team who set up various programmes and initiatives aimed at assisting individuals and groups who are facing challenges and obstacles.

Bethel Apostolic Church continues to hold weekly evangelical meetings which includes the following:

l Worship Services

l Children & Young People Sunday School
l Bible Study
l Prayer Meeting

Public benefit statement

In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of religion.

Bethel Apostolic Church - Leeds

Trustees' report (continued) for the year ended 31 March 2024

Achievements and performance Weekly Meetings

As a result of the above much has been achieved spiritually/emotionally, as detailed below:

Sunday Service – During the process of worshipping, members/visitors become closely connected to God. Similarly due to the teachings of sound doctrines they develop biblical knowledge as well as
l become deeper in their faith. Also, due to participating in services members have had the opportunity to use their spiritual giftings, which in turn has built up one’s self esteem as well as enhanced one’s spiritual growth.
l Bible Studies – This has been a source of learning, discussion about specific topics & development of ones’ faith.
Sunday School – Due to biblical teachings the children and young people have an awareness of biblical
l principles/precepts. This has afforded them the opportunity to grow spiritually as well as empowered them to develop good morals.
Wednesday Prayer Meeting – During the process of individual and corporate prayer, members who
l attend the prayer meeting have gained spiritual strength, spiritual healing and deliverance

Hospitality/Catering

Bethel Apostolic Church, Leeds have an in-house team which provides meals at functions held at the church. This includes catering for Local District meetings as well as for our fellowship day which currently occurs on a quarterly basis. The above team also have an out reach team which aims at providing for the needs of disadvantaged people. Members of the church, therefore, are encouraged to contribute items of food which will in turn be handed out to those in need.

Financial review

The net payments for the year were £3,872, inlcuding net payments of £4,622 on unrestricted funds and net receipts of £750 on restricted funds.all relating to unrestricted funds.

Reserves policy

The charity's free reserves, at the year end were £106,755.

The trustees agreed that the reserve would be reviewed on a regular basis, as an integral part of the management of the financial activities of the charity. The review would consider whether it is reasonable to increase or decrease the level of the reserves. The trustees reviewed the policy at the meeting held on 24 September 2019 and the trustees in attendance agreed to increase the reserves to £40,000.

Taking account of the historical operational and ongoing maintenance costs of the charity, the trustees agreed on 31 October 2023 to increase the reserves to £60,000. This is based on two levels; £40,000 for recurrent annual costs and £20,000 as a contingency for unexpected costs. The main reason being to help manage the risks posed by any unexpected expenditure and unforeseen daily operational costs because of the age of the building. Overall, this will provide a level of assurance that the trustees will:

l Act in the interests of the charity
l Protect and safeguard the assets of the charity
l Act with reasonable care and skill

The plan to use the excess reserves include:

l Completing all outstanding essential maintenance work identified and listed
l Providing support to special needs requests from members
l Providing donations to other charities
l Providing gifts to members

Approved by the board of trustees on …………..……...…….

Signed: ………………..…………. (Trustee)

Name: ……………..…..………….

Bethel Apostolic Church - Leeds

Independent examiner's report to the trustees of Bethel Apostolic Church

- Leeds

I report to the charity trustees on my examination of the accounts of the CIO for the year ended 31 March 2024, which are set out on pages 6 to 9.

Responsibilities and basis of report

As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the CIO's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act; 2 the accounts do not accord with those records.

I have no concerns and 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: …………………………………… Name: Rhys North ACA

Date: …………………….

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

Bethel Apostolic Church - Leeds Receipts and payments account for the year ended 31 March 2024

Notes 2024 Unrestricted funds £ Receipts Offerings and donations (2) 45,334 Rental income 7,609 Loan repayments 500 Bank interest 214 Annual conference contributions 3,010 Total receipts 56,667 Payments Donations and financial support for members 3,108 Donations to other charities 900 Loans to members - Insurance 4,095 Vehicle running costs 5,275 Utilities 13,010 Stationery 63 Telephone 481 Other administration costs 1,309 Fuel 1,050 Repairs and maintenance 24,952 Cleaning 880 Catering 1,363 Professional fees 330 Independent examination 410 Material and resources 1,033 Annual conference 3,030 Total payments 61,289 Net receipts / (payments) (4,622) Fund balances brought forward 111,377 Fund balances carried forward 106,755	2024 Restricted funds £ 750 - - - - 750 - - - - - - - - - - - - - - - - - - 750 - 750	2024 Total funds £ 46,084 7,609 500 214 3,010 57,417 3,108 900 - 4,095 5,275 13,010 63 481 1,309 1,050 24,952 880 1,363 330 410 1,033 3,030 61,289 (3,872) 111,377 107,505	2023 Total funds £ 50,227 7,897 300 38 - 58,462 2,732 2,490 1,200 3,589 1,625 6,188 395 412 1,199 1,504 22,786 815 1,882 898 390 768 - 48,873 9,589 101,788 111,377

Bethel Apostolic Church - Leeds Statement of assets and liabilities

as at 31 March 2024 2024 Unrestricted £ Cash funds Cash at bank 106,641 Cash in hand 114 Total cash funds 106,755 Debtors and prepayments Gift Aid - Estimate Outstanding Member Loans Assets retained for the charity's own use 43-45 Victoria Road, Hyde Park LS6 1AS valued at £275,000. Ford Transit minibus Computer Digital Stage Piano Liabilities Independent Examination	2024 Restricted £ 750 - 750	2024 Total £ 107,391 114 107,505 2024 £ 6,928 400 7,328 2024 £ 792 792	2023 Total £ 111,348 29 111,377

The financial statements were approved by the board of trustees on …………..……...…….

Signed: ……………...………….…. (Trustee)

Name: ……………..…..………….

Bethel Apostolic Church - Leeds

Notes to the accounts

for the year ended 31 March 2024

1 Accounting policies

Basis of accounting

The trustees have taken advantage of section 133 of the Charities Act 2011 and have prepared the accounts on a receipts and payments basis.

There has been no change to the accounting policies since last year.

No changes have been made to the accounts for previous years.

Taxation

As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Bethel Apostolic Church - Leeds

Notes to the accounts continued

for the year ended 31 March 2024

2 Grants and donations General donations and offerings Bethel United Leeds Christian Community Gift aid claims 3 Restricted funds Leeds Christian CIO Fund name Leeds Christian CIO	2024 2024 Unrestricted Restricted funds funds £ £ 38,019 - 388 - - 750 6,927 - 45,334 750 Balance b/f Incoming Outgoing £ £ £ - 750 - - 750 - Purpose of restriction To provide support to individuals in need.	2024 Total funds £ 38,019 388 750 6,927 46,084 Transfers £ - -	2023 Total funds £ 41,868 288 500 7,571 50,227 Balance c/f £ 750 750

4 Related party transactions

Donations from trustees and related parties

The total aggregate value of unconditional donations to the charity from the trustees or related parties was £11,030 (2023: £12,230).

Trustee expenses

No trustee received any expenses during this year or the previous year.

Trustee remuneration and benefits

No trustee received any remuneration or benefit during this or the previous year.