REGISTERED CHARITY NUMBER: 1192691
Report of the Trustees and Unaudited Financial Statements For The Year Ended 31st December 2023 for El-Bethel Mission
El-Bethel Mission
Contents of the Financial Statements for the Year Ended 31st December 2023
| Page | |
|---|---|
| Reference and Administration | 1 |
| Report of the Trustees | 2 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 8 |
| Detailed Profit and Loss | 9 |
El-Bethel Mission
Reference and Administration Details
Registered Charity number
1192691
Company Number
8669456
Principal address
Fort Dunlop Fort Parkway Birmingham B24 9FE
Trustees
Rev Albert Asiedu Chair Maria Pereira DeOliveira Dr Johnson Afrane-Twum Cecilia Chimfwembe Emmanuel Anim Adjei
Independent Examiner
Angela Bent AB Accounting and Taxation Services Limited 17 Gleneagles Drive Great Barr Birmingham B43 7RX
Bankers
Lloyds Bank
Page 1
El-Bethel Mission
Report of the Trustees for the Year Ended 31st December 2023
The trustees present their report with the financial statements of the charity for the year ended 31st December 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
COMMENCEMENT OF ACTIVITIES
El-Bethel Mission registered as a Charitable Incorporated Organisation (CIO) in October 2020, marking the beginning of our mission to make a positive impact on our community
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
El-Bethel Mission operates in accordance with its governing document, which serves as the foundation for our operations.
Legal Status
We also function as a charitable company limited by guarantee, and notably, without a share capital. This structure reflects our commitment to our mission rather than profit.
Trustees and Directors
Our dedicated team of directors, who concurrently serve as trustees, oversee the charity's day-to-day affairs. These trustees are drawn from our membership base, ensuring a deep connection to our mission.
Risk management
El-Bethel Mission places a strong emphasis on risk management. We diligently identify and assess the risks to which our charity is exposed. To safeguard against fraud and error, we implement appropriate controls. Notably, our approach includes regular risk assessments and Criminal Records Bureau (CRB) checks for individuals in leadership roles, especially those working closely with children.
Financial Transparency
All financial decisions of a significant nature require approval by a minimum of two trustees. This commitment to transparency ensures that our financial matters are conducted with integrity and openness.
OBJECTIVES AND ACTIVITIES
Statement of Objectives and Public Benefit
El-Bethel Mission's primary mission is to advance the Christian faith in both the United Kingdom and on a global scale. We are resolute in our determination to address the root causes and consequences of poverty, particularly within the BAME and Latin American migrant communities across England.
Wider network
El-Bethel Mission operates independently, not affiliating with any other organisations. This independence allows us to focus our resources and efforts directly on our mission and the communities we serve.
Related parties
Our operations do not involve any related parties, underscoring our commitment to maintaining ethical practices and avoiding conflicts of interest.
Page 2
El-Bethel Mission Report of the Trustees (Cont'd) for the Year Ended 31st December 2023
Report from the Pastor
On behalf of the Trustee Board, I am pleased to present our Annual Report for the year 2023. This year has proven to be pivotal for El-Bethel Mission as we have successfully transitioned from the various challenges posed by the pandemic and moved into a promising new phase of growth and future aspirations that are well-aligned with our strategic vision. This report aims to provide a detailed and concise overview of our activities throughout the year and the significant impact they have had on the community, particularly within the BAEM and Latin American migrant communities that reside across England.
Our dedication to delivering innovative, high-quality services that promote social inclusion and support community growth remains unwavering. With the generous support of local food bank charities—most notably Bethany Food Bank in Erdington—our committed and hardworking volunteers, alongside essential sponsors, we have continued to make a significant and positive difference in the lives of those we serve in the community. Our sustained efforts reflect our mission to empower and uplift the marginalised and those in need, ensuring that our services are not only impactful but also integral to fostering a stronger sense of community.
2023: A Year of Good Success
El-Bethel Mission has made substantial progress this year in advancing its core mission through various church services and numerous community projects. We proudly achieved an impressive 95% positive community impact rate of our set goals, which showcases our dedication to quality service delivery. Additionally, we successfully funded and delivered 50% of our proposed projects, reflecting both our determination and the support of our community stakeholders. Despite ongoing challenges related to the high cost of living, we managed to support most of our families through a variety of community-focused activities, illustrating our strong commitment to those who rely on us.
One of the standout initiatives this year was the TENTing Project, which was generously funded by the National Lottery Community Fund [ Award for All ]. This project provided crucial support to migrant and asylum-seeking families by delivering essential toiletries and groceries. The efforts of this initiative played a significant role in helping to mitigate the adverse effects of isolation and anxiety that many of these families were experiencing. The support we provided through this project significantly contributed to the social integration and overall mental well-being of our beneficiaries, allowing them to feel more secure and welcomed in their communities.
Financial Review
In terms of our finances, El-Bethel Mission recorded a notable improvement in 2023, achieving a commendable net profit of over £10,000, which stands in contrast to the slight loss we experienced in 2022. Our total income saw an increase of 10%, a growth that can be primarily attributed to a significant rise in Gift-Aided tithes and offerings. Although we witnessed a decline in grant income, our effective cost management strategies have led to a reduction in overall staff costs, allowing us to allocate our resources more efficiently. The financial outlook for 2024 remains positive and encouraging, with a focused strategy on increasing donor contributions, enhancing our efforts in grantseeking, and optimising our overall expenditure to ensure that we can maintain continued growth and sustainability in the years to come.
Church Services and Pastoral Care
Our church services offered on Sundays, along with our Bible study sessions, quarterly Thanks & Praise services, and monthly prayer meetings within the community, were well attended and received enthusiastic participation. These platforms provided invaluable opportunities for both career and leadership development, particularly aimed at young people looking to cultivate their skills and grow within an encouraging environment. A highlight of our year was the successful year-end camp meeting, which brought together congregation members for fellowship, music, and recreational activities. This gathering provided not only a chance for fun but also strengthened the bonds between participants, creating lasting
memories and a sense of unity among attendees.
The Way Forward
Looking ahead, the Trustees have recommended that El-Bethel Mission explore the possibility of registering with the Care Quality Commission. This step would enable us to expand our care services beyond our current scope, thereby enhancing our ability to serve the community effectively. Other plans to engage with the international eye health community are also being proposed for 2024 and beyond. The increased volunteer support we have experienced, made possible through our successful fundraising efforts, has further positioned us well for this next significant step in our evolution.
We extend our sincere gratitude to our generous donors, dedicated volunteers, and supportive partners for their unwavering commitment and support throughout this year. The remarkable success we have achieved collectively would not have been possible without your involvement and encouragement. As we look forward to the opportunities and challenges of 2024, we approach the future with excitement and a renewed sense of purpose, remaining dedicated to fulfilling our mission and vision for the community we serve.
Rev. Albert Asiedu Chair,
Page 3
Independent Examiner’s Report to the Trustees of El-Bethel Mission
I report on the accounts of the charity for the year ended 31st December 2023, which are set out on pages 5 to 9.
Respective Responsibilities of the Trustees and Examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act,
-
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
-
to state whether particular matters have come to my attention.
Basis of Independent Examiner’s Statement
My examination was carried out in accordance with 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 the 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
There are no issues
-
which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Angela Bent
AB Accounting and Taxation Services Limited 17 Gleneagles Drive
Great Barr Birmingham B43 7RX
14th October 2024
Page 4
El-Bethel Mission Statement of Financial Activities for the Year Ended 31st December 2023
| Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income Grants Bank Interest 2 Total incoming resources RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income Governance costs 5 Other resources expended Total resources expended NET INCOMING RESOURCES RECONCILIATION OF FUNDS Total funds brought forward Income in advance TOTAL FUNDS CARRIED FORWARD |
Unrestricted Funds 44,896 19,902 108 64,906 46,935 470 47,405 17,501 2,253 -4,019 15,735 |
Designated Funds 0 0 0 0 0 0 0 |
2023 Total Funds 44,896 19,902 108 64,906 46,935 470 47,405 17,501 2,253 -4,019 15,735 |
2022 Total Funds 24,998 29,800 1 |
|---|---|---|---|---|
| 54,799 | ||||
| 54,011 900 |
||||
| 54,911 | ||||
| -112 2,365 0 |
||||
| 2,253 |
There were no recognised gains or losses for the year other than those included in the Statement of Financial Activities
Page 5
El-Bethel Mission
Balance Sheet
At 31st December 2022
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Debtors 7 Cash at bank and in hand CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds 9 TOTAL FUNDS |
Unrestricted Funds 14,788 3,312 2,649 5,961 -5,014 947 15,735 15,735 |
Restricted Funds 0 0 0 0 0 0 0 0 |
2023 Total Funds 14,788 3,312 2,649 5,961 -5,014 947 15,735 15,735 15,735 15,735 |
2022 Total Funds 1,666 1,262 406 |
|---|---|---|---|---|
| 1,668 -1,081 |
||||
| 587 | ||||
| 2,253 | ||||
| 2,253 | ||||
| 2,253 | ||||
| 2,253 |
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees on the 7th October 2024 and were signed on its behalf by:
Rev Albert Asiedu
Page 6
El-Bethel Mission Notes to the Financial Statements for the Year Ended 31st December 2023
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
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.
Tangible fixed assets
Tangible fixed assets for use by the church are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less estimated residual value over their expected useful lives
Furniture and Equipment 25% per annum straight line basis
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| Deposit account interest | 2023 £ 108 |
2022 £ 1 |
|---|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There was no Trustee remuneration for the year ending 31st December 2023 nor for the year 2022
Trustees' Expenses
Trustees' expenses paid for the year was Nil. Trustee expenses for 2022 was also nil
4. STAFF COSTS
| Wages and salaries Pension 5. GOVERNANCE COSTS Independent Examination and Statutory accounts preparation |
2023 £ 13,276 174 13,450 2023 £ 470 470 |
2022 £ 22,398 354 |
|---|---|---|
| 22,752 | ||
| 2022 £ 900 |
||
| 900 |
These notes form part of the financial statements
Page 7
El-Bethel Mission
Notes to the Financial Statements - continued for the Year Ended 31st December 2023
| 6. TANGIBLE FIXED ASSETS COST Cost b/fwd Additions Cost C/Fwd DEPRECIATION Accumulatd Depreciation b/fwd Charge for the year Accumulatd Depreciation C/fwd NET BOOK VALUE At 31 December 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued income 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accountancy Fee Trade Creditors Other Creditors 9. MOVEMENT IN FUNDS Unrestricted Funds At 01/01/2023 General fund 2,253 Transfers between funds and Debtors 0 TOTAL FUNDS 2,253 |
2023 £ 2,788 14,148 16,936 1,122 1,026 2,148 14,788 2023 £ 3,312 3,312 2023 £ 470 0 4,544 5,014 Net movements in funds 17,501 -4,019 13,482 |
2022 £ 1,848 940 |
|---|---|---|
| 2,788 | ||
| 430 692 |
||
| 1,122 | ||
| 1,666 2022 £ 1,263 |
||
| 0 | ||
| 2022 £ 560 690 -169 |
||
| 1,081 | ||
| At 31/12/2023 19,754 -4,019 |
||
| 15,735 |
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Transfers between funds and Debtors TOTAL FUNDS |
Incoming Resources 64,906 -4,019 60,887 |
Resources Expended 47,405 0 47,405 |
Movement in Funds 17,501 -4,019 |
|---|---|---|---|
| 13,482 |
Page 8
El-Bethel Mission
Detailed Statement of Financial Activities for the Year Ended 31st December 2023
| INCOMING RESOURCES Voluntary income Donations Total incoming resources RESOURCES EXPENDED Costs of generating voluntary income Employee costs: Salaries Employers NI Pension costs Staff training and welfare Travel and subsistence Volunteer Expenses Premises costs: Rent General administrative expenses: Office Expenses Advertising and Marketing Telephone and fax Stationery and printing Postage Insurance IT Software and consumables Subscriptions Bank charges Equipment expensed Depreciation Charitable Donations Gifts and Donations Project Expenses Repairs and Maintenance Sundry Expenses Members Welfare Legal and professional costs: Accountancy fees Other Legal and Professional Fees Other operating income Surplus / Loss for Year |
2023 £ 41,939 41,939 13,276 0 174 1,272 3,122 2,488 20,333 10,186 10,186 0 287 3,617 270 0 618 638 678 42 510 1,026 1,409 4,694 0 0 92 0 13,880 470 2,536 3,006 47,406 18,950 18,950 13,483 |
2022 £ 24,998 |
|---|---|---|
| 24,998 22,398 349 354 187 3,209 2,386 |
||
| 28,884 1,833 |
||
| 1,833 1,714 1,003 2,385 0 0 542 826 0 167 156 692 642 4,338 3,299 137 241 0 |
||
| 16,143 900 7,150 |
||
| 8,050 54,910 29,800 |
||
| 29,800 -112 |
This page does not form part of the statutory financial statements Page 9