## 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**
1
## 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.
2
## 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.
3
## 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: ……………..…..………….
4
## 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
5
## 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|
|---|---|---|---|
6
## 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: ……………..…..………….
7
## 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.
8
## 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.
9