CHARITY REGISTERED NUMBER:1189340
OLDHAM BETHEL CHURCH
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
TANDLE ACCOUNTANCY
6 KIRKDALE DRIVE ROYTON OLDHAM OL2 5TG
OLDHAM BETHEL CHURCH
LEGAL AND ADMINISTRATIVE INFORMATION
Registered Charity Number: 1189340 Chairman: S Kneale Treasurer: S Wade Trustees: S Kneale J Wade S V Wade L Plant B Saboonchi S Hobson Secretary: L Plant 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 YEAR ENDED 31 DECEMBER 2024
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:20[th] March 2025
OLDHAM BETHEL CHURCH
REPORT OF THE TRUSTEES OF THE OLDHAM BETHEL CHURCH
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees of the Oldham Bethel Church present their annual report for the year ended 31 December 2024 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.
LEGAL AND ADMINISTRATIVE DETAILS
Charity Name: Oldham Bethel Church Charity Number: 1189340 CIO Formation: 4[th] May 2020
Address: Oldham Bethel Church, Waterloo Street, Oldham, OL4 1EQ
Trustees
Rev Stephen Mark Kneale (Chair)
Mr Luke Plant (Secretary)
Mr Babak Saboonchi
Mrs Janette Gillian Wade
Mr Stephen Victor Wade (Treasurer)
Mrs Sarah Louise Hobson
Accountant
Tandle Accountancy Limited Chartered Accountants 6 Kirkdale Drive Royton Oldham OL2 6TG
Bankers
Lloyds TSB Bank plc 16 Market Place Oldham OL1 1JG
GOVERNANCE, MANAGEMENT AND PURPOSES
Governing Documents
Oldham Bethel Church was established as a CIO on 4[th] May 2020. The charity is governed by a constitution and church handbook, adopted by the members on 3[rd] March 2020.
Aims & Purposes
The aims and purposes of the charity are outlined in the church constitution as:
-
The advancement of the Christian faith in accordance with the Basis of Faith primarily but not exclusively within Oldham and the surrounding neighbourhood; and
-
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 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 Church from time to time in accordance with the provisions of the Church Handbook.
Recruitment and Appointment of Trustees
The trustees of the charity are all the persons appointed to the offices of Pastor, Elder or Deacon. In accordance with the charity constitution and handbook, trustees are appointed by a vote of the church membership. All trustees are members of the charity.
There must always be at least three charity trustees. Currently there are six.
Organisational Structure
Trustees meet together on a quarterly basis and present the results of such meetings at quarterly members’ meetings. The trustees are responsible for ensuring the charitable purposes of the CIO are carried out in accordance with the church constitution and handbook.
Financial Review
Through the giving of charity members, the support of external partners - including churches, funding organisations and individuals – along with existing funds from the previous year, Oldham Bethel Church held funds totalling £130,372.31 on 31st December 2024.
In January 2021, Oldham Bethel Church planted a daughter church: Rochdale Evangelical Church. Oldham Bethel Church managed the finances for Rochdale Evangelical Church until they became fully independent in 2023. Oldham Bethel Church passed over all money allocated to the work in Rochdale in 2023, when the church became an independent charity with its own bank account. Oldham Bethel Church did not manage money on behalf of Rochdale Evangelical Church throughout 2024.
All supporters giving towards the work in Rochdale were encouraged to ensure their money no longer came via Oldham Bethel Church but went directly to Rochdale Evangelical Church’s own bank account. Whilst all giving was successfully transferred, one anonymous giver could not be contacted. They continued giving £500 per month for Rochdale Evangelical Church but continued sending the money to Oldham Bethel Church. As this person could not be reached or contacted, but had clearly marked the money for Rochdale Evangelical Church, £6,000 of Oldham Bethel Church’s 2024 income was given directly to Rochdale Evangelical Church to account for this anomaly.
At the end of 2022, Oldham Bethel Church held £42,409.75 raised for the purposes of employing a second full-time worker. This money was restricted for the salary of a future worker and could not be used for any other purpose. Throughout 2023, Oldham Bethel Church continued to raise funds to secure a second full-time worker. The majority of the required funds to employ a gospel worker for at least 3 years were either received or pledged. In March 2024, we appointed a second full-time worker. The funds raised for this worker were restricted exclusively for this employment. The funds received are reflected in the totals held by Oldham Bethel Church on 31[st] December 2024.
Total restricted funds at the end of 2024 were £67,117.58. Total unrestricted funds at the end of 2024 were £63,685.73.
Total income for the period 1[st] January – 31[st] December 2024 was 168,698. Total expenditure for the period 1st January – 31st December 2024 was £136996. This shows a surplus of income compared to payments of £31,701 compared to a deficit in 2023 of £54,675.
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 the future
The charity will continue to seek support through membership giving and building partnership with external individuals, churches and funding organisations in order to advance its aims and objectives.
Responsibilities of the Trustees
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:
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select suitable accounting policies and apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
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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
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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 18[th] February 2025 signed on its behalf by:
S V Wade Trustee
OLDHAM BETHEL CHURCH
BALANCE SHEET
| 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 |
AT 31 DECEMBER 2024 Note 2024 2023 £ £ £ £ 3 48,869 48,869 81,932 50,231 –––––– –––––– 130,801 99,099 4 - - –––––– –––––– 130,801 99,099 –––––– –––––– 130,801 99,099 –––––– –––––– £130,801 £99,099 –––––– –––––– 67,117 43,280 63,684 55,819 –––––– –––––– £130,801 £99,099 –––––– –––––– |
|---|---|
Approved by the trustees on 20[th] March 2025 and signed on its behalf.
S V Wade
The annexed notes form part of these financial statements.
OLDHAM BETHEL CHURCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| Total Unrest'd Rest'd Funds Funds Funds 2024 £ £ £ Incoming resources Incoming Resources from generated funds: Voluntary income 144,861 23,837 168,698 ––––––– ––––––– ––––––– Total incoming resources144,861 23,837 168,698 ––––––– ––––––– ––––––– Resources expended Costs of generating funds 17,466 - 17,466 Charitable activities - - - Governance costs 119,530 - 119,530 ––––––– ––––––– ––––––– Total resources expended136,996 - 136,996 ––––––– ––––––– ––––––– Net movement in funds7,865 23,837 31,702 Total funds brought forward£55,820 £43,280 £99,099 Reclass from non restricted to restricted ––––––– ––––––– ––––––– Total funds carried forward£ 63,685 £ 67,117 £ 130,801 ––––––– ––––––– ––––––– |
Total Funds 2023 £ 126,405 ––––––– 126,405 ––––––– 8,723 - 172,356 ––––––– 181,079 ––––––– (54,674) £153,774 £ 99,099 ––––––– |
|---|---|
Details of Incoming resources and resources used are given in the notes to the financial statements.
OLDHAM BETHEL CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
DETAILED ANALYSIS OF MOVEMENTS IN FUNDS
FOR THE YEAR ENDED 31 DECEMBER 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| General Fund | ||||
| ,Balance B/fwd | 55,819 | 62,210 | ||
| Surplus/(Deficit) for the year | 7,865 | (6,391) | ||
| Reclass to restricted | ||||
| - | ||||
| ––––––– | ––––––– | |||
| 63,684 | 55,819 | |||
| Restricted Fund | ||||
| Opening balance | 43,280 | 91,564 | ||
| Surplus/(Deficit) for the year | 23,837 | (42,284) | ||
| Reclass to restricted | ||||
| ––––––– | ––––––– | |||
| 67,117 | 43,280 | |||
| ––––––– | ––––––– | |||
| Total funds at 31 December 2023 | £ 130,802 | £99,099 | ||
| ––––––– | ––––––– |
OLDHAM BETHEL CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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 Creditors Amounts falling due within one year:- Other Taxes & PAYE Accruals And Deferred Income |
2024 £ 48,869 –––––– 2024 £ - - –––––– £ - –––––– |
2023 £ 48,869 –––––– 2023 £ - - –––––– £ - –––––– |
|---|---|---|
4. Creditors
OLDHAM BETHEL CHURCH
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2023
5. Incoming resources
| Unrest'd Funds 2024 £ Voluntary Income Offerings and Gifts 159,267 Inland Revenue - Charity Tax Repayments 7,693 Interest Received/Investment Income(Loss) 1,738 –––––– 168,698 –––––– Costs of generating funds 2024 £ Tithe Payments and Love Gifts 17,266 Ministries - Rent, General & Water Rates 200 ––––––– Charitable activities 2024 £ Church Trips & Social Events - Sunday School - ––––––– |
Total Funds 2024 £ 159,267 7,693 1,738 –––––– 168,698 –––––– 2024 £ 17,466 ––––––– 2024 £ - ––––––– |
Total Funds 2023 £ 116,313 9,402 689 –––––– 126,405 –––––– 2023 £ 8,194 - 529 ––––––– 8,723 ––––––– 2023 £ - - ––––––– - ––––––– |
|---|---|---|
6. Costs of generating funds
7. Charitable activities
OLDHAM BETHEL CHURCH
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
8. Governance costs
| Governance costs | |||
|---|---|---|---|
| 2024 | 2024 | 2023 | |
| £ | £ | £ | |
| Heat and Light | 6,746 | 6,187 | |
| Insurance | 1,624 | 1,755 | |
| Salaries and Wages | 78,125 | 89,433 | |
| Pension Contributions / Expenses | 13,257 | 6,049 | |
| Printing, Postage & Stationery | 1,041 | 1,322 | |
| Repairs and Renewals | 5,786 | 15,540 | |
| Subscriptions & Membership Fees | 1,938 | 1,782 | |
| Accountancy Fees | 661 | 640 | |
| Professional Fees | - | 2,855 | |
| Training & Courses | - | - | |
| Bank Charges & Interest | |||
| Rochdale | 6,050 | 36,690 | |
| Sundry | 4,302 | 10,103 | |
| ––––––– | ––––––– | ||
| 119,530 | 172,356 | ||
| ––––––– | ––––––– |