CHARITY REGISTERED NUMBER:327 / 50
OLDHAM BETHEL CHURCH
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD 01 APRIL 2020 – 31 DECEMBER 2020
TANDLE ACCOUNTANCY
6 KIRKDALE DRIVE ROYTON OLDHAM OL2 5TG
OLDHAM BETHEL CHURCH
LEGAL AND ADMINISTRATIVE INFORMATION
Registered Charity Number: 327 / 50 Chairman: S Kneale Treasurer: S Wade Trustees: L Skinner S Kneale I.Avison Mrs J Wade S V Wade D Skinner E Oyowe Secretary: Mrs J Wade Registered Office: Waterloo Street Glodwick Oldham OL4 1EQ Accountants: Tandle Accountancy Limited Chartered Accountants 6 Kirkdale Drive Royton Oldham OL2 6QF Bankers: Lloyds TSB Bank plc 16 Market Place Oldham OL1 1JG
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF OLDHAM BETHEL CHURCH
FOR THE PERIOD ENDED 31 DECEMBER 2020
I report on the accounts which are set out on pages 5 to 10
Respective responsibilities of the Trustees of the Oldham Bethel Church and examiner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to:
Examine the accounts under section 145 of the 2011 Act; follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act); and state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. 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 statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
- Which gives me reasonable cause to believe that in any material respect the requirements.
to keep accounting records in accordance with section 41 of the Act; and
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
have not been met;or
- to which in my opinion, attention should be drawn in order to enable a understanding of the accounts to be reached.
J O’Callaghan Chartered Accountant 6 Kirkdale Drive Royton Oldham
OL2 5TG Dated:7[th] July 2021
Page 1
OLDHAM BETHEL CHURCH
REPORT OF THE TRUSTEES OF THE OLDHAM BETHEL CHURCH
FOR THE PERIOD ENDED 31 DECEMBER 2020
The Trustees of the Oldham Bethel Church present their annual report for the period ended 31 December 2020 under the Charities Act 2011, together with the financial statements for the year, and confirm that the latter comply with the requirements of the Act, the Trust Deed and the Charities SORP 2005.
Structure, Governance and Management
Appointment of trustees
The trustees are responsible for the administration and investment policy of the Scheme. Trustees are appointed by the existing trustees.
The trustees who served during the year are set out on the charity information page at the front of these accounts.
Organisation
A board of trustees of not less than 3 and no more than 8 members administers the charity.
Objectives and activities
The Church's aim is the teaching and establishing of the People of God in the church and in their most Holy Faith and winning the people of Oldham for the Lord Jesus Christ.
Achievements and performance
The results for the period show a surplus of income compared to payments of £12,825
Financial review
Freehold land and buildings
Messrs. Ryder & Dutton, Chartered Surveyors, valued the property on an Insurance Reinstatement Valuation basis , on 29th June,2007 ,as follows:-
Church at Waterloo Street, Oldham £ 465,000 (including V.A.T)
Plans for future periods
The Trustees intend to re-establish the sound financial position of Oldham Bethel Church.
Page 2
OLDHAM BETHEL CHURCH
REPORT OF THE TRUSTEES OF THE OLDHAM BETHEL CHURCH (Continued)
FOR THE PERIOD ENDED 31 DECEMBER 2020
Accounting and reporting responsibilities
Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its financial position at the end of that year. In preparing those financial statements the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards and statements of recommended practice have been followed,subject to any departures disclosed and explained in the financial statements; and
-
prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in existence.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Accountants
The accountants, Messrs.Tandle Accountancy, Chartered Accountants will be proposed for re-appoint at the A.G.M.
Approved by the trustees on 7[th] July 2021 signed on its behalf by:
S V Wade Trustee
Page 3
OLDHAM BETHEL CHURCH
| Current assets Investment Bank Accounts Creditors Amounts falling due within one year Net current assets Total assets less current liabilities Net assets Capital funds Restricted Unrestricted funds Total funds |
BALANCE SHEET AT 31 DECEMBER 2020 Note 2020 £ £ 3 54,409 101,028 –––––– 155,437 4 - –––––– 155,437 –––––– 155,437 –––––– £155,437 –––––– 54,409 101,028 –––––– £155,437 –––––– |
|---|---|
Approved by the trustees on 7[th] July 2021 and signed on its behalf.
I.Avison
The annexed notes form part of these financial statements.
Page 4
OLDHAM BETHEL CHURCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 DECEMBER 2020
Incoming resources Incoming Resources from generated funds: Voluntary income Total incoming resources Resources expended Costs of generating funds Charitable activities Governance costs Total resources expended Net movement in funds Total funds brought forward Reclass from restricted to non restricted Total funds carried forward |
Total Unrest'd Rest'd Funds Funds Funds 2020 £ £ £ 78,016 - 78,016 ––––––– ––––––– ––––––– 78,016 - 78,016 ––––––– ––––––– ––––––– 9,090 - 9,090 310 - 310 55,881 - 55,881 ––––––– ––––––– ––––––– 65,281 - 65,281 ––––––– ––––––– ––––––– 12,825 - 12,825 £88,204 £54,409 £142,613 - - ––––––– ––––––– ––––––– £ 101,029 £ 54,409 £ 155,438 ––––––– ––––––– ––––––– |
|---|---|
Details of Incoming resources and resources used are given in the notes to the financial statements.
Page 5
OLDHAM BETHEL CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
DETAILED ANALYSIS OF MOVEMENTS IN FUNDS FOR THE PERIOD ENDED 31 DECEMBER 2020
| 2020 | ||
|---|---|---|
| £ | £ | |
| General Fund | ||
| Balance B/fwd | 88,204 | |
| Surplus/(Deficit) for the year | 12,825 | |
| Reclass to non restricted | - | |
| ––––––– | ||
| 101,029 | ||
| Opening balance | 54,409 | |
| Reclass to non restricted | - | |
| ––––––– | ||
| 54,409 | ||
| ––––––– | ||
| Total funds at 31 December 2020 | £ 155,438 | |
| ––––––– |
Page 6
OLDHAM BETHEL CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2020
1. Accounting policies
The financial statements are prepared under the historical cost convention and incorporate the results of the principal activity which is described in the trustees' report and which is continuing.
2. Turnover
Income is attributable solely to continuing operations and derives from the charity's various fund raising activities .
3. Debtors and prepayments
Amounts falling due within one year:
Amounts falling due after more than one year: Scottish Widows - Managed Shares |
2020 £ –––––– 54,409 –––––– |
|---|---|
4. Creditors
Amounts falling due within one year:-
| 2020 | |
|---|---|
| £ | |
| Other Taxes & PAYE | - |
| Accruals And Deferred Income | - |
| –––––– | |
| £ - | |
| –––––– |
Page 7
OLDHAM BETHEL CHURCH
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE PERIOD ENDED 31 DECEMBER 2020
5. Incoming resources
| Unrest'd Funds 2020 £ Voluntary Income Offerings and Gifts 74,364 Inland Revenue - Charity Tax Repayments 3,314 Interest Received 427 –––––– 78,106 –––––– Costs of generating funds 2020 £ Tithe Payments and Love Gifts 2,790 Ministries - Rent, General & Water Rates 6,300 Telephone - Printing, Postage & Stationery - ––––––– Charitable activities 2020 £ Church Trips & Social Events - Sunday School 310 ––––––– |
Total Funds 2020 £ 74,364 3,314 427 –––––– 78,106 –––––– 2020 £ 9,090 ––––––– 2020 £ 310 ––––––– |
|---|---|
6. Costs of generating funds
7. Charitable activities
Page 8
OLDHAM BETHEL CHURCH
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE PERIOD ENDED 31 DECEMBER 2020
8. Governance costs
| Governance costs | ||
|---|---|---|
| 2020 | 2020 | |
| £ | £ | |
| General & Water Rates | - | |
| Heat and Light | 2,935 | |
| Insurance | 1.327 | |
| Salaries and Wages | 36,420 | |
| Pension Contributions | 3,944 | |
| Printing, Postage & Stationery | 518 | |
| Motor Expenses | - | |
| Flowers | - | |
| Repairs and Renewals | 2,422 | |
| Subscriptions & Membership Fees | 4,763 | |
| Accountancy Fees | 470 | |
| Professional Fees | 1,449 | |
| Training & Courses | - | |
| Bank Charges & Interest | - | |
| Sundry | 1,633 | |
| ––––––– | ||
| 55,881 | ||
| ––––––– |
Page 9
OLDHAM BETHEL CHURCH
FOR THE YEAR ENDED 31 DECEMBER 2020
CONTENTS
| Page | |
|---|---|
| Charity - Examiners report | 1 |
| Trustees' report | 2 |
| Balance sheet | 4 |
| Statement of financial activities | 5 |
| Schedule of funds | 6 |
| Notes | 7 |