BETHEL MINISTRIES UK
TRUSTEE'S REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDING 31ST DECEMBER 2023

BETHEL MINISTRIES UK
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PEFUOD ENDED 31ST DECEMBER 2023
CONTENTS
PAGE
Reference and admlnistrative details
Trustees report
Independent Examiner's report
Statement of Income & Expenditure
Balance sheet
Notes to the accounts
10- 12
Page I

BETHEL MINISTRIES UK
ORGANISATION'S INFORMATION
FOR THE PERIOD ENDED 31ST DECEMBER 2023
Trustees
Dr Osarugue Adeyemi
Mr Olawafemi Mustafa
Mr Olayemi Alafifun
Mrs Kehlnde Ojewunmi
Minister in Charge
Pastor Adewale Adeyemi
Principal Office
28 Orchard Way
Snodland
Kent
ME6 SEW
Accountant
Akintayo OJO FCCA
Resource Accountancy Practlce
46 Hollywood Way
Erlth
DA8 2QE
Bankers
Barclays Bank PLC
Maidstone Branch
13 Fremlin Walk
Maidstone
ME14 IQG
Page 2

BETHEL MINISTRIES UK
TRUSTEE'S REPORT
FOR THE PERIOD ENDED 31ST DECEMBER 2023
The trustees submlt their ￿port and financial statement for Bethel Mlnlstries UK (The Charity) for
the period ended 31 December 2023. The trustees confirm that the trustees, report and flnanclal
comply with the current statutory requirements and the provisions of the regulators.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Bethel MlnistrSes UK started services in l January 2020 and was later constituted under a Trust
Deed dated 21 August 2021. It was registered by the Charity commission on 2 September 2021.
A board of trustees comprising of 4 members provides strateglc leadership for the charity, while
Pastor In Charge manages the day to day activities of the charity.
POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEES
The induction process for a newly appointed trustees comprises of an initial meeting with the
chalr and other trustees, followed by short meetlngs wlth the Pastor In Charge on the powers
and responslbilities of the trustees.
ORGANZSATIONAL STRUCTURE AND DECISION MAKING
The trustees meet regularly to manage the affairs of the organisatlon. The Minister in Charge
oversee the splritual activities of the church.
WORKING NAMES
Bethel Ministrles UK also trade under the name Bethel Kingdom Church
RISK MANAGEMENT
The Trustees have assessed the major risks to whlch the charlty Is exposed, In partlcular those
related to operations and finances of the charity, and are satisfied that systems are In place to
mitigate our exposures to major risks,
OBJECTIVES AND ACTIVITIES
The principal object Is the advancement of Chrlstian faith in accordance wlth the statement of
beliefs of the evangelical faith, and the rellef of poverty. To achieve its objectives, the church
adopted the followlng strategies:
Running Christian rellglous actlvltles comprising of Sunday Servlces and mldweek bible study,
Organising community developments programmes,
Welfare, helps, tralnlng and development programmes for Indlvlduals,
Supporting other charities and Christian events, and
Convening gatherlng of Christian tagged Inter-Denominatlonal Christian Gathering.
Page 3

BETHEL MINISTRIES UK
TRUSTEE'S REPORT
FOR THE PERIOD ENDED 31ST DECEMBER 2023
PUBLIC BENEFrrs
The Church's Sunday and mld-week servlces are open to the general publlc to build on thelr
Christlan faith. Apart from its Church activitles, the charlty was Involved In the following
public benefit efforts.,
Organlsing seminars, training programmes and events that encouraged capaclty and self
development of members of the community
Holding outreaches in areas of Interest to our communlty. In the year we shared the Joy of
Chrlstmas with our community by organlslng a Caml servlce, we also celebrated the Mothers,
We gave gifts, provide support and share the message of goodwill to communlty members
during the covid-19 lockdowns.
Our efforts are geared towards supporting the programmes of our local communlty, promotlng
cohesion In our community, and impatting the lives of the youllg people and the elderly.
GRANT MAKING POLICY
The charity supports other charltles and missionary that shares its objects the advancement of
Chrlstlan faith and rellef of poverty. The chu rch gives occasional welfare grants to members
who are In need,
VOLUNTEERS
The chu rch Is grateful for the u nstlnting efforts of its volunteers who are Involved In provldlng
services for the charlty. It is estimated that over 1000 hours was provided by volunteers durlng
the year. If thls is conservatlvely valued at £7.50 per hour, the volunteers effort will amount to
over £7,500.
REVIEW OF ACTIVITIES
The charity continues to enjoy tremendous growth in its physical and splritual life during the
year, and In the advancement of Christian faith in accordan￿ with the doctrines set out in the
Statement of faith contained In ou r constitution.
RESERVES POLICY
The Trustee's pollcy is to have unrestrlcted and u ncommitted ￿ndS (free reserves) to cover 3
to 6 months of resources expended. They feel that this would enable the current activities to
continue if there Is any slgnlflcant dmp In fvnding. It would obvlously be necessary then to
consider how the funding would be repla￿d or activities changed.
Page 4

BETHEL MINISTRIES UK
TRUSTEE'S REPORT
FOR THE PERIOD ENDED 31ST DECEMBER 2023
PRINCIPAL FUNDING
Funding has been provided malnly thmugh tithes and offerings by church members and through
donations. Pledges are also taken for specific projects.
FUTURE DEVELOPMENTS
The charity CO￿tInueS to explo￿ varlous ways of spreadlng the gospel of Christ in an effective
manner. The charlty is also looklng to grow in membership and continue to develop its members
to make life-changlng impact in the community.
Page 5

BETHEL MINisfRIES UK
TRUSTEE'S REPORT
FOR THE PERIOD ENDED 31ST DECEMBER 2022
STATEMENT OF TRUStEES' RESPONS181LITIES
The Trustees are responsible for preparing the annual report and financlal Statements in accor-
dance wlth applicable laws and regulations.
Charity law requires the trLtstees to prepare financial statements for each financlal year.
Under that law, the trustees have elected to prepare the financial statements in accordance
with the Unlted Kingdom Generally Acceptable Accounting Prarttce (United Klngdom Accounting
Standards and applicable law). The financlal statements are required to give a true and falr vlew
of the state of affairs of the charity and of the surplus or deficit of the charity for that period.
In preparlng the financial statements, the trustees are required to..
Selett sultable accounting policies and apply them conslstentlyi
Make judgement and estimates that are reasonable and prudent-
Prepare the 15nancial statements on a golng concern basis unless it is inappropriate to
presume that the company will contlnue in uperation.
The trustees recognise their responsibillties to keep proper accounting records that disclose with
reasonable accuracy at any tlme the financlal position of the charity and enable them to ensure
that the financial statements comply with the Ch?rlties Act 2011. They are also responsible for
safeguarding the assets of the company and henceforth taking steps for the prevention and
detection of fraud and other irregularlties.
The appendecl financial statements have been prepared on the accruals basis and have been
examined by an Independent examTner, whose report is also appended.
Approved by trustees on I I
and slgned on their behalf by..
OILiwafemi Mustapha
-rustee
Kehinde Ojewunml
Trustee
Page 6

BETHEL MINISTRIES UK
INDEPENDENT EXAMINERS REPORT
FOR THE PERIOD ENDED 31ST DECEMBER 2023
TO THE TRUSTEES OF BEfHEL MINISTRIES UK -
I report on the accounts of the charity for the perlod ended 31 December 2023 which Is set on
pages 8- 12
RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER
The charity trustees are responsible for the preparation of the accounts. The Charity's
trustees consider than an audit is not requlred for the period under section 142(2) of the
Charltles Act 2011 and that an independent examination is needed.
It Is my responsibility to:
examlne the accounts under section 145 of Charities Act 2011;
follow the procedures laid down in the general Directions given by the Charlty
Commissioners (under sectlon 145(5)(b) of the 20 11 Act; and
State whether partlcular matters have come to my attention.
BASIS OF MY EXAMINATION
My examinatlon was carried out in accordance with the General Directions given by the
Charity Commisslon. An examinatlon 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 dlsclosures in the account, and seeking
explanatlons from you as trustees concerning any such matters. The procedures undertaken
do not provlde all the evldence that wou Id be requ Ired in an audlt, and consequently no
opinion is glven as to whether the accounts present a "true and falr" vlew and the report
is limited to those matters set out In the statements below.
EXAMINER'S STATEMENT
In connection with my examinatlon, no matter has come to my attentlon:
(l) whlch glves me reasonable cause to belleve that In any materlal respect the trustees
have not met the requlrements to ensure that:
proper accountlng records are not kept In accordance wlth the Charltles Act; and
accou nts are prepared which agree with the accou nting records and comply with the
accounting requlrements of the Charltles Act 2011. or
(2) to which, in my opinion, attention should be drawn in order to enable a proper under-
standing of the accounts to be reached.
Akintayo Ojo FCCA
46 Hollywood Way.
Erlth. DA8 2QE
Page 7

BETHEL MINISTRIES UK
STATEMENT OF FINANCIAL ACTivrrIES
FOR THE PERIOD ENDED 31 DECEMBER 2023
Unrtstricted Restrictod
Total
Total
Funds
Funds
Funds
Funds
Notes
2023
2023
2023
2022
Incoming resources
Incomlng resources from generated funds
Donations & voluntary income
Grants income
Incoming ￿sOurceS from charitable actlvlties
Total Incoming ￿sOurceS
49,526
49,526
38,468
955
49,526
49,526
39,423
Resources expended
Cost of attivities in fvrtherance of charity's objects
Management and governance cost
Total resources expended
40,035
650
40,685
40,035
650
40,685
38,059
600
38,659
Net(outgoing)/lncoming resources for the year
8,840
8,840
764
Total fvnds at the start of the year
18,399
18,399
17,635
Balance at the end of the year
27,239
27.239
18,399
Page 8

BETHEL MINISTRIES UK
BALANCE SHEEr
AS AT 31 DECEMBER 2022
T4)tal
Total
Fufid$
Funds
Notes
2022
2021
Fixed Assets
Tangible flxed assets
4,377
6,565
Current assets
Cèsh at bank and In hand
14,623
14,623
11,570
11,570
Less: Current Uabilities:
Creditors-. Amount falling due within
One year
Net assets
600
18,399
500
17,635
Flnanced BY: Charity funds
General - restrlcted
General - unrestricted
18,399
18,399
17,635
17,635
The accounts have been prepared In 3ccordants Y41th the provLsSon of 5tstement of Recommtnded
Pracrice.. Aceounttng and Reportyng by chari￿￿ ISORPI i55ued March 2008 as rnDdifed for smaller tharitie5.
Approved by theTnJstees on I l - q. 24
and signed on their behalf by:
Oluwafemi Mustapha
-. rustee
Kehinde Ojewunmi
Trustee
Page 9

BETHEL MINISTRIES UK
NOTES TO THE ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
I. ACCOUNTING POLICIES
(1.1) Basls of preparation of flnanclal statements
These accounts have been prepared under the historlcal cost convention and In accordance
with the Financlal Reporting Standard for Smaller Entltles (effertive April 2008) .The financial
statements have been prepared with Statement of Recommended Practlce (SORP), "Accounting
and Reporting by Charities published In March 2005 and appllcable accounting standards.
(1.2) Incoming resources
All incoming resources are Included In the statement of financlal actlvlties when the charlty is
legally entltled to the income and the amount can be reasonably quantitled wlth reasonable
accuracy.
(1.3) Resources expended
All expenditures are accounted for on an accrual basls. Management and governance costs
are cost Incurred in connection with administration and compllance wlth statutory requlrement
(1.4) Flxed assets comprises of musical equlpment and projectors cost. Depreclatlon is
charged at rates listed below to write off the cost of the assets over thelr useful lives,
Musical Equipment
250h reducing balance
Computers & projectors
250/0 reducing balance
Unrestricted Restrieted
Total
Total
Funds
Funds
Funds
Funds
2023
2023
2023
2022
2. DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURC&<
Tlthe & Offering
49,526
49,526
49,526
49,526
38,468
38,468
3. GRANTS RECEIVED
Donatlon
955
955
Page 10

BETHEL MINISTRIES UK
NOTES TO THE ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
Unre5trlcted
Re5tricied
Total
Totsl
Funds
Funds
Funds
Fund5
2023
2023
2023
2022
4. COST OF CHARITABLE AcrivrTIES
Zoom Platform & Software
Telephone & internet
Printing & design
Instnjmentalist & muslc
Sundry expenses
Multlmedia & studio recordlng
Insurance
694
516
209
18,898
524
150
1,259
694
516
209
18,898
524
150
1,259
805
356
1,237
15,320
544
2,053
133
Flll
Welfare & hospitality
Hall Hire
Community project & church events
Mission & evangelism
Travel & su bsistence
Motoring costs
Admini5tratlon costs
Visiting minister's expenses
Depreclation
2,403
6,843
929
574
2,403
6,843
929
574
3,187
6,202
1,109
1,509
200
783
238
2,194
2,189
38,059
1,814
595
387
1,852
2,388
40,035
1,814
595
387
1,852
2,388
40,035
Unrestritted
Restritted
Totsl
Total
5, GOVERNANCE COSTS
Funds
Funds
Funds
Funds
2023
2023
2023
2022
Accountancy fees
Professional fees
650
650
600
650
650
600
Period ended
Perlod end,
31-Dec
2023
31-Dec
2022
6. CASH BALANCES
Cash at bank
25,105
25,105
14,623
14,623
Page 11

BETHELMINISTRIES UK
NOTES TO THE ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
7. TANGIBLE FIXED ASSETS
Motor
Musical -ornputers &
vehicle equipment
Projectors
Total
31-Dec
2023
Total
31-Dec
2022
Cost
At l January 2023
Addltlons
At 31 December 2023
Depreciation
At l January 2023
Charge
At 31 December 2023
2,800
5,375
579
796
8,754
796
9,550
8,754
2,800
5,375
8,754
1,400
700
2,100
2,688
1,344
4,032
290
344
634
4,378
2,388
6,766
2,189
2,189
4,378
Net book value
At 31 December 2023
700
1,343
741
2,784
4,376
At 31 December 2022
1,400
2,687
289
4,376
8. CREDITORS
Period ended Period ended
31-Dec
31-Dec
2023
2022
Accrued expenses
Accrued accountancy fees
650
650
600
600
9. INCOMING RESOURCESI(RESOURCES EXPENDED)
This is stated after charging
Period ended Pertod ended
31-Dec
31-Dec
2023
2022
Depreciation of tangible assets owned by the charity
Accountant's fees
2,388
650
2,189
600
10. TRUSTEES RENUMERATION
Perfod ended Period ended
31-Dec
31-Dec
2023
2022
NIL
NIL
Durlng the year, no trustee recelved any remuneratlon
During the year, no trustee recelved any benefits in kind
NEL
NIL
Page 12