## **Bethel Oasis Jesus Christ** ## **TRUSTEES ANNUNAL REPORT for the period** **From** 1 April 2023 to 31 March 2024 **Charity Name:** Bethel Oasis of Jesus Christ **Charity registration number:** 1186298 (Registered with CC 12 November 2019) **Company House Registration Number:** 12261645 (Incorporated 14 Oct 2019) ## **1. OBJECT OF THE CHARITY** **The charity is a charitable company and is governed by its articles of association. The object of the charity, as set out in the governing document are:** The Charity’s object (“the Object”) mission is to spread the hope of the gospel by our charity to one and all across the world. Our belief is stated in our Clause 8 of the Articles of Association. ## **2. SUMMARY OF ACHIEVMENTS AND PERFORMANCE** - **2.1** In progressing the above objects, Bethel Oasis of Jesus Christ’s main activities and accomplishments during the financial period were as follows: - The Church continues to hold a variety of weekly family and youth services. The Sunday school for adults and children has flourished. - The midweek adult bible studies continue to grow and is open to other non-members. The weekly prayer meetings operate on Zoom. For those seniors who are unable to attend church in person we have a senior prayer meeting on Saturday morning. - The evangelistic team aims to reach more members of the public; by encouraging the whole church to be more proactive with their street evangelism on a regular basis to areas we have not visited. 1 Correspondence: Email pastor@betheloasis.org.uk Telephone: 0208 543 1176 Bethel Oasis of Jesus Christ: registered charity England and Wales, No. 1186298. Limited Company No. 12261645. Registered Office: 2a Kohat Rd, Wimbledon SW19 8LD ## **Bethel Oasis Jesus Christ** - The preparation of baptism and counselling has also increased, as new visitors wishing to have a greater understanding before committing to the membership of the church. - A new convert class has started due to our recent baptisms for new members; requiring a slower pace than the main Sunday school provision. - Pastoral Care increased to a higher level in growth with the teaching, mentoring members, new and existing officers in their position. The teaching has proven to be a valuable tool in the church. - The church serves its members and the community by performing the expected religious services such as, Weddings, baby blessings, funeral etc. The local community has priority in hiring the hall for their celebrations such as birthdays, anniversaries and functions. - Due to the economic climate our program for charitable donations, hardship, foodbank donations, clothing and home help, has been used much more often this financial year. We have donated from our hardship funds £1,000 towards a non-member’s child’s operation to remove a tumor from her eye. We have also donated, food shopping and money from our hardship fund to several in need. - The charity offers emotional support for mental health, an understanding heart and a listening ear in all areas of our members life, and to the community at large. - The charity has done various works in the church. E.g. partial replacing the outdated lighting system and some of the heating system. 2 Correspondence: Email pastor@betheloasis.org.uk Telephone: 0208 543 1176 Bethel Oasis of Jesus Christ: registered charity England and Wales, No. 1186298. Limited Company No. 12261645. Registered Office: 2a Kohat Rd, Wimbledon SW19 8LD ## **Bethel Oasis Jesus Christ** ## **3. Governance and Management** **3.1** The charity is governed by its Articles of Association, dated 3[rd] October 2019. The Charity was incorporated on 14[th] October 2019 and registered with the Charity Commission on 12[th] November 2019. **3.2** The charity is formed as a Charitable Company, its trustees (directors) and Officers are responsible for overseeing the carrying out its objects, setting it policies, and monitoring all activities, etc. The church activities are undertaken by volunteers/church members who are accountable to the Officers and Trustees. **3.3** The methods used to recruit and appoint new charity trustees, including details of any constitutional provisions for appointment are found in the articles of association. The charity may by ordinary resolution appoint a trustee. The process is as follow: - Appointees are nominated based on a set of criteria. - Those willing to act as trustees are chosen from nominees. - They must bring something to the table, a skill to enhance the trustee’s board. - Trustees determine by rotation the order in which any additional Trustees are to retire. - The Trustees may at any time co-opt any person duly qualified to be appointed as a trustee to fill a vacancy in their number or as an additional Trustee. A co-opt Trustee holds the office only until the next AGM. 3 Correspondence: Email pastor@betheloasis.org.uk Telephone: 0208 543 1176 Bethel Oasis of Jesus Christ: registered charity England and Wales, No. 1186298. Limited Company No. 12261645. Registered Office: 2a Kohat Rd, Wimbledon SW19 8LD ## **Bethel Oasis Jesus Christ** ## **4. RESERVES POLICY** At present there is no formal reserves policy. Notwithstanding the charity is aware of its functionality and requirement to regularly review and implement a strategy to limit such a risk. We are subject to our tithings and offerings from our members and others. The trustees regularly monitor the financial health of the charity to ensure that sufficient reserves are available in case our expenditure exceeds our income for the year. ## **5. KEY RISK AND UNCERTAINTIES** The charity is susceptible to many dangers such as i.e. Unexpected economic uncertainty, attack on our reputation. The charity reviews it activities to make sure it is in line with the law of the land. Where necessary changes will be made. We keep a careful observation to adhere to all that is required of the charity. ## **6. TRUSTEES/DIRECTORS** The Trustees/Directors as at the 31[st] March 2024 were: - Mavis Taylor - Elizabeth Thomas - Sonia Thompson 4 Correspondence: Email pastor@betheloasis.org.uk Telephone: 0208 543 1176 Bethel Oasis of Jesus Christ: registered charity England and Wales, No. 1186298. Limited Company No. 12261645. Registered Office: 2a Kohat Rd, Wimbledon SW19 8LD ## **Bethel Oasis Jesus Christ** ## **7. RESONSIBILTIES OF TRUSTEES UNDER COMPANY LAW** The trustees are responsible for preparing the trustees’ annual report and the financial statements in accordance with the “Statement of Recommended Practice Accounting and Reporting by Charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (“the Charities SORP”) with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (“FRS 102) with the Companies Act 2006 and the Companies Act 2006 and with Charities Act 2011. Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as the balance street date and its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements the trustees are required to: 1. select suitable accounting policies and apply them consistently. 2. observe the methods and principles in the Charities SORP. 3. make judgements and estimates that are reasonable and prudent. 4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. 5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees have an obligation to make public the correct accounting records required; with appropriate details showing a snapshot of its financial health of the charity which is honest and true. The financial statement must comply with the Company House Act 2006. They are required to safeguard and maintain all assets of the charitable company. They must be vigilant against fraud taking place, and implement steps to avoid this. This will keep the Charity as a viable going concern. 5 Correspondence: Email pastor@betheloasis.org.uk Telephone: 0208 543 1176 Bethel Oasis of Jesus Christ: registered charity England and Wales, No. 1186298. Limited Company No. 12261645. Registered Office: 2a Kohat Rd, Wimbledon SW19 8LD ## **Bethel Oasis Jesus Christ** ## **8. Approval** The report was prepared by Bethel Oasis Trustees in accordance with the provisions of the Companies Act 2006 relating to small companies and signed on their behalf by: ## Liz Thomas Elizabeth Thomas (Trustee) Date: 18 December 2024 6 Correspondence: Email pastor@betheloasis.org.uk Telephone: 0208 543 1176 Bethel Oasis of Jesus Christ: registered charity England and Wales, No. 1186298. Limited Company No. 12261645. Registered Office: 2a Kohat Rd, Wimbledon SW19 8LD **Charity no: 1186298 Company Reg No: 12261645** ## **Bethel Oasis of Jesus Christ** ## **Annual Report and Accounts** **For the year 31 March 2024** **Prepared by DTT Consultancy Ltd** Company no 12261645 ## **Bethel Oasis of Jesus Christ** |**Contents**|**Page**| |---|---| |Company Information|1| |Independent Examiner's Report|2| |Statement of Financial Activities|3| |Balance Sheet|4| |Notes to the Accounts|5-7| Company no 12261645 ## **Bethel Oasis of Jesus Christ** ## **Company Information** ## **For the Period ended 31 March 2024** **Trustees** Mavis Taylor Elizabeth Thomas Sonia Thompson **Company Secretary** Naomi Sinclair **Key Persons** Dr Mavis Taylor (Pastor) **Governing Document** Memorandum and Articles of Association dated October 2019 **Company Registration Number** 12261645 **Charity Registration Number** 1186298 **Principal Address** 2A Kohat Road London SW19 8LD **Registered office** 2A Kohat Road London SW19 8LD **Independent Examiner** Tunji Ogedengbe FCCA 36 Daffodil Close Hatfield AL10 9FF Company no 12261645 ## **Bethel Oasis of Jesus Christ** ## **Statement of Financial Activities** ## **For the year ended 31 March 2024** |**Notes**
**Incoming Resources**
Tithes, offerings and thanksgiving
5.1
Bank interest received
Hall Hire
Bethel payments
Building and Maintenance
Donations & Gifts
Others
**Total incoming resources**
**Resources Expended**
Support costs of activities in futherance of the
charity's objectives
5.2
Management and administration
5.3
**Total resources expended**
**Net incoming/(outgoing) resources**
**Net Movements in Funds**
**Fund balances brought forward**
**Prior year adjustment**
**Fund balances carried forward**|**Designated***
**£**
82,534
2,452
-
-
-
-
5,106|**Restricted**
**£**
-
-
-|**2024**
**Total**
**Funds**
**£**
82,534
-
2,452
-
-
-
-
-
-
-
-
-
5,106|**2023**
**Total**
**Funds**
**£**
71,161
-
504
-
24,580
-
1,280
-
10,845
-
2,734
-
4,398| |---|---|---|---|---| ||**90,092**|**-**|**90,092**|**115,501**| ||87,160
10,208|-
-|87,160
10,208|118,248
9,493| ||**97,368**|**-**|**97,368**|**127,740**| ||**(7,276)**|**-**|**(7,276)**|**(12,239)**| ||(7,276)
484,792|-
-
-|**(7,276)**
**484,792**
**-**|**(12,239)**
**486,118**
**10,913**| ||**477,516**|**-**|**477,516**|**484,792**| *Incoming resources for Bethel Oasis of Jesus Christ are intended to be used for the furtherance of the charity's objectives, with funds primarily designated for the purchase of a place of worship as and when the opportunity arises. Company no 12261645 ## **Bethel Oasis of Jesus Christ** ## **Balance Sheet as at 31st March 2024** |**Notes**
**Fixed Assets**
Tangible assets
**Current Assets**
Cash at bank and in hand
Accrued income
**Total Assets**
**Creditors**
Amounts falling due within one year
2
**Net Current Assets/(Liabilities)**
**Total Assets less Current Liabilities**
**Designated Funds**
Funds b/fwd
Income and Expenditure
**Total Funds**
3|**2024**
**Total**
**Funds**
**£**
250,000
225,945
2,221
478,166
(650)
**477,516**
**477,516**
484,792
7,276
-
**477,516**|**2023**
**Total**
**Funds**
**£**
250,000
233,403
2,039| |---|---|---| |||485,442| |||(650)
**484,792**| |||| |||**484,792**| |||497,031
12,239
-| |||**484,792**| These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime For the financial year in question the company was entitled to exemption from audit under Section 477 of the Companies Act 2 relating to small companies for the year ended 31st March 2024 No members have required the company to obtain an audit of its accounts for the year ended 31st Mar 2024 in accordance with section 476 of the companies Act 2006. The directors acknoweledge their responsibilty for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. ## **Elizabeth Thomas** Approved by the board on 18th December 2024 Company no 12261645 ## **Bethel Oasis of Jesus Christ** ## **Notes to the Accounts** ## **For the year ended 31 March 2024** ## **1. Accounting Policies** ## **Basis of preparation** The Financial Statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Accounting Practice: Accounting and Reporting by Charities (SORP 2005), issued in March 2005, UK Accounting Standards and the Charities Act 2011. ## **Incoming Resources** Incoming resources represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. ## **Resources Expended** Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Depreciation** Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |Plant and machinery
20% straight line
Motor vehicles
25% straight line
**2. Creditors: amounts failing due within one year**
**2024**
**£**
Trade creditors
650
**3. Profit and loss account**
**2024**
**£**
At 1 April 2022
484,792
Prior year adjustments
-
At 1 April 2023
477,516
Profit for the year
(7,276)
**Restricted Funds**
**Designated**
**Restricted**
**2024**
**£**
At 1 April 2023
484,792
-
468,118
Prior year adjustments
-
-
-
At 1 April 2023
-
-
-
Net Incoming Funds
(7,276)
-
(12,239)
At 31 March 2024
**477,516**
**-**
**486,118**|**2023**
**£**
650| |---|---| ||**2023**
**£**
486,118
10,913| ||497,031| ||10,913| ||| ## **4. Trustees' Remuneration and Benefits** Company no 12261645 ## **Bethel Oasis of Jesus Christ** ## **Notes to the accounts - continued** ## **For the year ended 31 March 2024** ## **5 Income and Expenditure Account** |**5.1 Incoming Resources**
Tithes, offering and thanksgiving
Investment Income
Hall Hire
Bethel Payments
Building and Maintenance
Donations & Gifts
Others
**Total Incoming Resources**
**Outgoing Resources**
**5.2 Support cost of activities in furtherance of the**
**Chairty's objects:**
Costs of Generating Voluntary income
Stipends, Travel and expense
Conferences, events and Training
Utlities
Liturgical supplies
Bethel payments
Health and safety
Legal & Professional Fees
Hospitality
Donations & Gifts
Community outreach
Building & maintenance
**5.3 Management and Administration of Charity**
Independent examiner's fee
Others
Administration and office costs
Communication
Insurance|**2024**
**Designated**
**Restricted**
**Total Fund**
**£**
**£**
**£**
82,534
82,534
2,452
2,452
-
-
-
-
5,106
5,106
**90,092**
**-**
**90,092**
-
-
-
28,805
28,805
3,201
3,201
19,201
19,201
1,404
1,404
580
580
2,539
2,539
1,585
1,585
3,862
3,862
2,278
2,278
826
826
22,878
22,878
**87,160**
**-**
**87,160**
650
650
180
180
834
834
1,114
1,114
7,430
7,430
**10,208**
**-**
**10,208**|**2023**
**Total Fund**
**£**
71,161
504
24,580
1,280
10,845
2,734
4,398| |---|---|---| |||**115,501**| |||-
26,500
4,751
6,098
1,297
1,085
3,140
319
514
668
442
73,434| |||**118,248**| |||650
220
-
1,716
6,906| |||**9,493**| Company no 12261645 ## **Bethel Oasis of Jesus Christ** ## **Section C Notes to the accounts (cont)** ## **Note 9 Tangible fixed assets** ## _**Please complete this note if the charity has any tangible fixed assets**_ **9.1 Cost or valuation** |**Leasehold**
**Property**
**Gift in kind**
**Musical**
**Equipment**
**Fixtures,**
**fittings and**
**equipment**
**Payments on**
**account and**
**assets under**
**construction**
**Total**
**£**
**£**
**£**
**£**
**£**
**£**
Balance brought
forward
250,000 - - - - 250,000
Additions
- -
- - -
Revaluations
- - - - - -
Disposals
- - - - - -
Transfers *
- - - - - -
Balance carried
forward
250,000 - - - - 250,000
****Basis**
SL or RB
SL or RB
SL or RB
SL or RB
SL or RB
**** Rate**
Balance brought
forward
- - -
Depreciation charge
for year
- - - - - -
Impairment provisions - - - - - -
Revaluations
- - - - - -
Disposals
- - - - - -
Transfers*
- - - - - -
Balance carried
forward
- - - - - -
Brought forward
- - - - - -
Carried forward
250,000- - - - 250,000
**9.2 Accumulated depreciation and impairmentprovisions**
**9.3 Net book value**|**Leasehold**
**Property**
**£**|**Gift in kind**
**£**|**Musical**
**Equipment**
**£**|**Fixtures,**
**fittings and**
**equipment**
**£**|**Payments on**
**account and**
**assets under**
**construction**
**£**|**Total**
**£**| |---|---|---|---|---|---|---| ||250,000|-|-|-|-|250,000| ||-|-||-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||250,000|-|-|-|-|250,000| |||||||| |||||-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| |||||||| ||-|-|-|-|-|-| ||250,000|-|-|-|-|250,000| **9.4 Revaluation** _**If any fixed assets have been revalued please give details of the valuer and method of valuation**_ - _The "transfers" row is for movements between fixed asset categories._ _** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB =_ Company no 12261645 ## **Independent Examiner's Report to the Trustees of** ## **Bethel Oasis of Jesus Christ** ## **For the year ended 31 March 2024** I report on the accounts for the year ended 31 March 2024. ## **Respective responsibilities of trustees and examiner** The charity's trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is required. The charity's gross income exceeded £25,000 and I am qualified to undertake the examination by being a qualified member of FCCA. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: - examine the accounts under Section 43 of the 1993 Act - to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 43(7)(b) of the 1993 Act); and - to state whether particular matters have come to my attention. ## **Basis of the independent examiner's report** 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 statements below. Independent examiner's statement In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that, in any material respect, the requirements - to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and - to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Tunji Ogedengbe FCCA 36 Daffodil Close Hatfield Herts AL10 9FF Date: 18th December 2024