## **CAMBRIDGE BETHEL PENTECOSTAL CHURCH**
## **FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 28[th] FEBRUARY 2025**
**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**
**1**
## **CAMBRIDGE BETHEL PENTECOSTAL CHURCH**
## **LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 28[TH] FEBRUARY 2025**
## **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 Binu Kavungal Ms Juby Varghese, Mr George Thayil, Mr Binish Abraham Mr Alexander Pappachan, Mr Blessing Daisybai, Mr Tiju Koshy
## **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
**2**
## **CAMBRIDGE BETHEL PENTECOSTAL CHURCH TRUSTEES’ REPORT YEAR ENDED 28[TH] February 2025**
The trustees are pleased to present their report for the year ended 28[th] February 2025 for the charity, Cambridge Bethel Pentecostal Church with Charity Number 1191284.
The Trustees of the charity are: Mr Abraham Varghese, Mr Rojy Raju, Tiju Koshy Mr Alexander Pappachen
Mr George Thayil, Ms Juby Varghese, Binish Abraham, Blessing Daisybai, Binu Kavungal
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 continued with repairs on the 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. During the financial year the church made some renovations in the building and a large proportion of its income went towards running the community events and programs in the community.
**3**
## **FINANCIAL REVIEW**
The income of the charity is above £100,000. 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:
1. Select suitable accounting policies and apply them consistently.
2. Make judgements and estimates that are reasonable and prudent.
3. State whether the applicable accounting standards have been followed.
4. 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 12[th ] August 2025 and signed on their behalf by:
_____________________________________________
**4**
## 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 2025 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 :
- Examine the accounts under section 145 of the 2011 Act.
- Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
- 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;
- (1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
- proper accounting records are kept( in accordance with section 130 of the 2011 Act
- accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
- (2) to which , in my opinion , attention should be drawn in order to enable a
- 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
**5**
## **CAMBRIDGE BETHEL PENTECOSTAL CHURCH**
## **ACCOUNTS FOR THE YEAR ENDED 28th February 2025**
## **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
Consultancy
Admin
Events
Welfare
Mission
Repairs & Maintenance
Charity
Subscriptions
Volunteer Expenses
Security
Light and heat
Web Hosting
Media Services
Refreshments
Pastors allowance
Professional fees
Accounting Services
Postage
Books & Stationery
Telephone & Internet
Cleaning
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**|**2025/£**
107155
2542
16490
**126187**
890
6253
3240
1419
4088
508
270
0
0
2955
6610
5550
1589
0
938
7088
154
187
8832
10425
0
500
0
716
618
175
3471
66476
1881
203
0
1376
69936
56251
115897
172148|**2024/£**
86660
1837
15005|
|---|---|---|
|||**103502**|
|||867
5125
3546
2479
6339
1051
544
2445
6874
4420
38318
250
194
150
438
3486
131
187
6732
7500
37339
500
0
1125
569
127
7219|
|||137955
4372
194
513
1771|
|||144805
-41303
157200|
|||115897|
**6**
## **CAMBRIDGE BETHEL PENTECOSTAL CHURCH**
## **2 Statements of Assets and Liabilities at 28th February 2025**
|**Cash Funds**
**Unrestricted Funds**
**2025/£**
Bank
172148
**Cash Funds**
172148
**Debtors**
**Total**
172148
**Assets Retained for the**
**Charity's Own use**
Fixtures & Fittings
7023
Equipments
7548
Instruments
644
15215
**Liabilities**
Accounting fee
500
**NET ASSETS**
186863
Approved by the Trustees and signed on their behalf:
______________________________________________________|**Unrestricted Funds**
**2024/£**
115897
115897
115897
6898
8059
805
15762
500
131159|
|---|---|
**7**
**CAMBRIDGE BETHEL PENTECOSTAL CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 28th February 2025**
## **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 1 employee. All other 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|
||01/03/2024|28732|19136|1226|49094|
||Additions|1376|1881|0|3257|
||28/02/2025|30108|21017|1226|52351|
|Depreciation||||||
||01/03/2024|20673|12238|421|33332|
||Charge|1887|1756|161|3804|
||28/02/2025|22560|13994|582|37136|
|NBV|01/03/2024|8059|6898|805|15762|
|NBV|28/02/2025|7548|7023|644|15215|
**8**