CAMBRIDGE BETHEL PENTECOSTAL CHURCH
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28[th] FEBRUARY 2022
CHARITY NUMBER: 1191284
CAMBRIDGE BETHEL PENTECOSTAL CHURCH 17 PEARSON CLOSE MILTON CAMBRIDGE CB24 6YS
INDEX Page Index 1 Legal & Admin 2 Trustee’s Report 3 -4 Independent Examiner’s Report 5 Receipts and Payments Account 6 Statement of Assets and Liabilities 7 Notes on the financial Statements 8
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CAMBRIDGE BETHEL PENTECOSTAL CHURCH
LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 28[TH] FEBRUARY 2022
ADDRESS FOR CORRESPONDENCE
17 PEARSON CLOSE MILTON CAMBRIDGE CB24 6YS
REGISTERED CHARITY NUMBER
1191284
GOVERNING DOCUMENT
CIO - ASSOCIATION 15[TH] SEPTEMBER 2020.
TRUSTEES/ DIRECTORS
Mr Abraham Varghese, Mr Roy Raju, Mr Iype Kurian Mr Josekutty Varghese, Mr George Thayil, Mr Alexander Pappachen, Mr Abinesh Ipe
PRINCIPAL BANKERS
HSBC BANK 63- 64 ST ANDREWS STREET CAMBRIDGE CB2 3BZ
ACCOUNTANTS
FRESH FIRE ORGANISATION GENERATOR BUSINESS CENTRE 95 MILES ROAD MITCHAM CR4 3FH
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CAMBRIDGE BETHEL PENTECOSTAL CHURCH TRUSTEES’ REPORT YEAR ENDED 28[TH] February 2022
The trustees are pleased to present their report for the year ended 28[th] February 2022 for the charity, Cambridge Bethel Pentecostal Church with Charity Number 1191284.
The Trustees of the charity are: Mr Abrham Varghese, Mr Rojy Raju, Iype Kurian Mr Josekutty Varghese, Mr Alexander Pappachen Mr George Thayil, Mr Abhinesh Ipe
The principal address of the charity is: 17 Pearson Close Milton Cambs CB24 6YS
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a CIO—Association that was registered on 15[th] September 2020.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organisation are to advance the Christian Religion [in accordance with the Statement of faith], to relieve sickness and financial hardship and to advance education throughout the world as the trustees may see fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organisation continues to hold successful services through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. This year the church moved into new premises and spent some money renovating the new premises. The church also continues to impact the community in a positive way with its outreaches, youth meetings, ladies’ fellowship and various church events. Due to the pandemic all services and meetings were held online. The CIO was adopted on 15/09/20 and the assets of the charity that the church was previously operating under was transferred to this new CIO.
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FINANCIAL REVIEW
The income of the charity is above £65,000. The assets of the charity were transferred from a previous charity that closed down. The costs have been managed over this period. The charity is in a good position to develop itself in the community. The church used some of its reserves in renovating the new property that it now occupies.
FUTURE DEVELOPMENTS
The church intends to continue to host its regular annual convention in the UK. They will continue to hold their regular Sunday services, their Sunday school for children aged from 3 to 16 years old, their youth meetings, their ladies’ fellowship and their outreach programmes. The intended re-appointment of our present independent examiner at the upcoming trustee meeting is expected to support the financial operations by making it more effective.
RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure.This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year. The church has met its reserves policy during the financial year.
RISK MANAGEMENT
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 11[th ] November 2021 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees CAMBRIDGE BETHEL PENTECOSTAL CHURCH
I report on the accounts of the church for the year ended 28[th ] February 2022 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner
The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :
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Examine the accounts under section 145 of the 2011 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
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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 Commissioners. An examination includes a review of the accounting records kept by the church 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 I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention;
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(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept( in accordance with section 130 of the 2011 Act
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
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(2) to which , in my opinion , attention should be drawn in order to enable a
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proper understanding of the accounts to be reached.
Chuks Ajuka BSc(Man), FICB PMDip FRESH FIRE ORGANISATION Unit 5 Generator Business Centre 95 Miles Road Mitcham Surrey CR4 1LT
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CAMBRIDGE BETHEL PENTECOSTAL CHURCH
ACCOUNTS FOR THE YEAR ENDED 28th February 2022
1 Receipts & Payments Account (General Purpose Fund)
| Income Receipts Donations Interest Gift Aid Total Receipts Direct Charitable Expenditure Insurance Speakers expenses Hall Hire Travel & Substitence Church progams Office costs Welfare Mission Repairs & Maintenance Charity Subscriptions Music services Security Light and heat Media services Refreshments Pastors allowance Professional fees Accounting Services Books & Stationery Telephone Advertisement costs Supplies & Materials Other Expenditure Fixtures & Fittings Bank Instrument Stationary Equipment Total Payments Net Receipts/Payments for the year Cash Funds at start of year Cash Funds at end of year |
2022/£ 58266 7 11323 |
|---|---|
| 69596 | |
| 129 696 130 64 649 550 11270 1097 0 1200 0 510 1691 1015 1526 5550 2242 500 388 356 1955 1535 |
|
| 33053 0 20 0 1043 |
|
| 34116 35480 86871 |
|
| 122351 |
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CAMBRIDGE BETHEL PENTECOSTAL CHURCH
2 Statements of Assets and Liabilities at 28th February 2022
| Cash Funds Bank Cash Funds Debtors Total Assets Retained for the Charity's Own use Fixtures & Fittings Equipments Instruments Liabilities Accounting fee NET ASSETS |
Unrestricted Funds 2022/£ 122351 _ 122351 122351 5313 10379 102 15794 _ 500 137645 |
|---|---|
Approved by the Trustees and signed on their behalf:
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CAMBRIDGE BETHEL PENTECOSTAL CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28th February 2022
ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared on the receipts and payments basis under Charities Act 2011.
Funds
Unrestricted funds are those which can be used at the Trustees' discretion. Restricted Funds are those whose purposes have been restricted by the donor.
Staff
The church had no employee. All work was undertaken by volunteers. No trustee received rumeration from the organisation during the financial year.
Depreciation
Depreciation was calculated on loss of value of equipment and instruments on 20% using the straight line method.
FIXED ASSETS
| Equipment | Fix & Fitts | Instrument | |||
|---|---|---|---|---|---|
| Cost | £ | £ | £ | Total | |
| 01/03/2021 | 25918 | 14764 | 199 | 40881 | |
| Additions | 1043 | 0 | 0 | 1043 | |
| 28/02/2022 | 26961 | 14764 | 199 | 41924 | |
| Depreciation | |||||
| 01/03/2021 | 13987 | 8123 | 71 | 22181 | |
| Charge | 2595 | 1328 | 26 | 3949 | |
| 28/02/2022 | 16582 | 9451 | 97 | 26130 | |
| NBV | 01/03/2021 | 11931 | 6641 | 128 | 18700 |
| NBV | 28/02/2022 | 10379 | 5313 | 102 | 15794 |
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