## **BETHEL MINISTRIES UK**
**TRUSTEE'S REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDING 31ST DECEMBER 2024**
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMBER 2024
## **BETHEL MINISTRIES UK**
|**CONTENTS**|PAGE|
|---|---|
|Reference and administrative details|2.|
|Trustees report|3 - 6|
|Independent Examiner's report|7.|
|Statement of Income & Expenditure|8.|
|Balance sheet|9.|
|Notes to the accounts|10 - 12|
Page 1
## **BETHEL MINISTRIES UK**
## ORGANISATION'S INFORMATION
FOR THE PERIOD ENDED 31ST DECEMBER 2024
|**Trustees**|Dr Osarugue Adeyemi|
|---|---|
||Mr Olawafemi Mustafa|
||Mr Olayemi Alafifuni|
||Mrs Kehinde Ojewunmi|
|**Minister in Charge**|Pastor Adewale Adeyemi|
|**Principal Office**|28 Orchard Way|
||Snodland|
||Kent|
||ME6 5EW|
|**Accountant**|Akintayo Ojo FCCA|
||Resource Accountancy Practice|
||46 Hollywood Way|
||Erith|
||DA8 2QE|
|**Bankers**|Barclays Bank PLC|
||Maidstone Branch|
||13 Fremlin Walk|
||Maidstone|
||ME14 1QG|
Page 2
## **BETHEL MINISTRIES UK**
## TRUSTEE'S REPORT
FOR THE PERIOD ENDED 31ST DECEMBER 2024
The trustees submit their report and financial statement for Bethel Ministries UK (The Charity) for the period ended 31 December 2024. The trustees confirm that the trustees' report and financial comply with the current statutory requirements and the provisions of the regulators.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
Bethel Ministries UK started services in 1 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 strategic 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 chair and other trustees, followed by short meetings with the Pastor in Charge on the powers and responsibilities of the trustees.
## **ORGANISATIONAL STRUCTURE AND DECISION MAKING**
The trustees meet regularly to manage the affairs of the organisation. The Minister in Charge oversee the spiritual activities of the church.
## **WORKING NAMES**
Bethel Ministries UK also trade under the name Bethel Kingdom Church
## **RISK MANAGEMENT**
The Trustees have assessed the major risks to which the charity is exposed, in particular 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 Christian faith in accordance with the statement of beliefs of the evangelical faith, and the relief of poverty. To achieve its objectives, the church adopted the following strategies:
Running Christian religious activities comprising of Sunday Services and midweek bible study, Organising community developments programmes, Welfare, helps, training and development programmes for individuals, Supporting other charities and Christian events, and Convening gathering of Christian tagged Inter-Denominational Christian Gathering.
Page 3
## **BETHEL MINISTRIES UK**
## TRUSTEE'S REPORT
FOR THE PERIOD ENDED 31ST DECEMBER 2024
## **PUBLIC BENEFITS**
The Church's Sunday and mid-week services are open to the general public to build on their Christian faith. Apart from its Church activities, the charity was involved in the following public benefit efforts:
- Organising seminars, training programmes and events that encouraged capacity and self development of members of the community
- Holding outreaches in areas of interest to our community. In the year we shared the joy of Christmas with our community by organising a Carol service, we also celebrated the Mothers' We gave gifts, provide support and share the message of goodwill to community members during the covid-19 lockdowns.
Our efforts are geared towards supporting the programmes of our local community, promoting cohesion in our community, and impacting the lives of the young people and the elderly.
## **GRANT MAKING POLICY**
The charity supports other charities and missionary that shares its objects the advancement of Christian faith and relief of poverty. The church gives occasional welfare grants to members who are in need.
## **VOLUNTEERS**
The church is grateful for the unstinting efforts of its volunteers who are involved in providing services for the charity. It is estimated that over 1000 hours was provided by volunteers during the year. If this is conservatively 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 spiritual life during the year, and in the advancement of Christian faith in accordance with the doctrines set out in the Statement of faith contained in our constitution.
## **RESERVES POLICY**
The Trustee's policy is to have unrestricted and uncommitted funds (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 significant drop in funding. It would obviously be necessary then to consider how the funding would be replaced or activities changed.
Page 4
## **BETHEL MINISTRIES UK**
## TRUSTEE'S REPORT
FOR THE PERIOD ENDED 31ST DECEMBER 2024
## **PRINCIPAL FUNDING**
Funding has been provided mainly through tithes and offerings by church members and through donations. Pledges are also taken for specific projects.
## **FUTURE DEVELOPMENTS**
The charity continues to explore various ways of spreading the gospel of Christ in an effective manner. The charity is also looking to grow in membership and continue to develop its members to make life-changing impact in the community.
Page 5
## **BETHEL MINISTRIES UK**
## TRUSTEE'S REPORT
FOR THE PERIOD ENDED 31ST DECEMBER 2024
## STATEMENT OF TRUSTEES' RESPONSIBILITIES
The Trustees are responsible for preparing the annual report and financial statements in accordance with applicable laws and regulations.
Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally Acceptable Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required to give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing the financial statements, the trustees are required to:
- Select suitable accounting policies and apply them consistently;
- Make judgement and estimates that are reasonable and prudent;
- Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in operation.
The trustees recognise their responsibilities to keep proper accounting records that 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 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 irregularities.
The appended financial statements have been prepared on the accruals basis and have been examined by an independent examiner, whose report is also appended.
Approved by trustees on and signed on their behalf by:
Oluwafemi Mustafa Trustee
Kehinde Ojewunmi Trustee
Page 6
## **BETHEL MINISTRIES UK**
## INDEPENDENT EXAMINERS REPORT
FOR THE PERIOD ENDED 31ST DECEMBER 2024
## TO THE TRUSTEES OF BETHEL MINISTRIES UK -
I report on the accounts of the charity for the period ended 31 December 2024 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 required for the period under section 142(2) of the Charities Act 2011 and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section145 of Charities Act 2011;
- follow the procedures laid down in the general Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention.
## BASIS OF MY EXAMINATION
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 account, 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 statements below.
## EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that:
- proper accounting records are not kept in accordance with the Charities Act; and
- accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Charities Act 2011; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Akintayo Ojo FCCA
46 Hollywood Way. Erith. DA8 2QE
Page 7
## **BETHEL MINISTRIES UK**
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 DECEMBER 2024
|**Unrestricted**
**Funds**
Notes
**2024**
**Incoming resources**
**£**
Incoming resources from generated funds
Donations & voluntary income
52,298
Grants income
1,050
Incoming resources from charitable activities
-
Total incoming resources
**53,348**
**Resources expended**
Cost of activities in furtherance of charity's objects
41,013
Management and governance cost
1,300
**Total resources expended**
**42,313**
Net(outgoing)/incoming resources for the year
11,035
Total funds at the start of the year
27,239
Balance at the end of the year
**38,274**|**Unrestricted**
**Funds**
Notes
**2024**
**Incoming resources**
**£**
Incoming resources from generated funds
Donations & voluntary income
52,298
Grants income
1,050
Incoming resources from charitable activities
-
Total incoming resources
**53,348**
**Resources expended**
Cost of activities in furtherance of charity's objects
41,013
Management and governance cost
1,300
**Total resources expended**
**42,313**
Net(outgoing)/incoming resources for the year
11,035
Total funds at the start of the year
27,239
Balance at the end of the year
**38,274**|**Restricted**
**Funds**
**2024**
**£**
-
-
-|**Total**
**Total**
**Funds**
**Funds**
**2024**
**2023**
**£**
**£**
52,298
49,526
1,050
-
-
-
**53,348**
**49,526**
41,013
40,035
1,300
650
**42,313**
**40,685**
11,035
8,840
27,239
18,399
**38,274**
**27,239**|
|---|---|---|---|
||**53,348**|**-**||
||41,013
1,300|-
-||
||**42,313**|**-**||
||11,035
27,239|-
-||
||**38,274**|**-**||
Page 8
## **BETHEL MINISTRIES UK**
## BALANCE SHEET
AS AT 31 DECEMBER 2024
|Notes
**Fixed Assets**
Tangible fixed assets
7
**Current assets**
Cash at bank and in hand
7
**Less: Current Liabilities:**
Creditors: Amount falling due within
8
One year
**Net assets**
**Financed BY: Charity funds**
General - restricted
General - unrestricted|**Total**
**Total**
**Funds**
**Funds**
**2024**
**2023**
**£**
**£**
397
2,784
38,577
25,105|
|---|---|
||38,577
25,105
700
650
**38,274**
**27,239**
-
-
38,274
27,239
**38,274**
**27,239**|
The accounts have been prepared in accordance with the provision of Statement of Recommended Practice: Accounting and Reporting by Charities (SORP) issued March 2008 as modified for smaller charities.
Approved by the Trustees on and signed on their behalf by:
Oluwafemi Mustafa Kehinde Ojewunmi Trustee Trustee
Page 9
## **BETHEL MINISTRIES UK**
## NOTES TO THE ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
## 1. ACCOUNTING POLICIES
## (1.1) Basis of preparation of financial statements
These accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) .The financial statements have been prepared with Statement of Recommended Practice (SORP), "Accounting and Reporting by Charities published in March 2005 and applicable accounting standards. (1.2) Incoming resources
All incoming resources are included in the statement of financial activities when the charity is legally entitled to the income and the amount can be reasonably quantified with reasonable accuracy.
## (1.3) Resources expended
All expenditures are accounted for on an accrual basis. Management and governance costs are cost incurred in connection with administration and compliance with statutory requirement (1.4) Fixed assets comprises of musical equipment and projectors cost. Depreciation is charged at rates listed below to write off the cost of the assets over their useful lives.
Musical Equipment - 25% reducing balance Computers & projectors - 25% reducing balance
|Unrestricted
Funds
**2024**
2. DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES
**£**
Tithe & Offering
52,298
52,298|Unrestricted
Funds
**2024**
2. DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES
**£**
Tithe & Offering
52,298
52,298|Restricted
Funds
**2024**
**£**
-|Total
Total
Funds
Funds
**2024**
**2023**
**£**
**£**
52,298
49,526
52,298
49,526|
|---|---|---|---|
||52,298|-||
|3. GRANTS RECEIVED
Donation|**£**
1,050|**£**
-|**£**
**£**
1,050
-
1,050
-|
|---|---|---|---|
||1,050|-||
Page 10
## **BETHEL MINISTRIES UK**
## NOTES TO THE ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
|Unrestricted
Funds
**2024**
4. COST OF CHARITABLE ACTIVITIES
**£**
Zoom Platform & Software
156
Telephone & internet
298
Printing & design
456
Instrumentalist & music
11,868
Sundry expenses
1,528
Multimedia & studio recording
789
Insurance
688
Welfare & hospitality
6,429
Hall Hire
8,028
Community project & church events
3,205
Mission & evangelism
-
Travel & subsistence
1,650
Motoring costs
947
Administration costs
1,132
Visiting minister's expenses
1,450
Depreciation
2,387
41,013|Unrestricted
Funds
**2024**
4. COST OF CHARITABLE ACTIVITIES
**£**
Zoom Platform & Software
156
Telephone & internet
298
Printing & design
456
Instrumentalist & music
11,868
Sundry expenses
1,528
Multimedia & studio recording
789
Insurance
688
Welfare & hospitality
6,429
Hall Hire
8,028
Community project & church events
3,205
Mission & evangelism
-
Travel & subsistence
1,650
Motoring costs
947
Administration costs
1,132
Visiting minister's expenses
1,450
Depreciation
2,387
41,013|Restricted
Funds
**2024**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|Total
Total
Funds
Funds
**2024**
**2023**
**£**
**£**
156
694
298
516
456
209
11,868
18,898
1,528
524
789
150
688
1,259
6,429
2,403
8,028
6,843
3,205
929
-
574
1,650
1,814
947
595
1,132
387
1,450
1,852
2,387
2,388
41,013
40,035|
|---|---|---|---|
||41,013|-||
|
5. GOVERNANCE COSTS
Accountancy fees
Legal fees
6. CASH BALANCES
Cash at bank|Unrestricted
Funds
**2024**
700
600|Restricted
Funds
**2024**
-
-|
|---|---|---|
||1,300|-|
||||
Page 11
## **BETHELMINISTRIES UK**
## NOTES TO THE ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
|7. TANGIBLE FIXED ASSETS
Motor
Musical Computers &
Total
vehicle
equipment
Projectors
31-Dec
2024
**Cost**
£
£
£
£
At 1 January 2024
2,800
5,375
1,375
9,550
Additions
-
-
-
-
At 31 December 2024
2,800
5,375
1,375
9,550
**Depreciation**
At 1 January 2024
2,100
4,032
634
6,766
Charge
700
1,343
344
2,387
At 31 December 2024
2,800
5,375
978
9,153
**Net book value**
At 31 December 2024
-
-
397
397
At 31 December 2023
700
1,343
741
2,784
8. CREDITORS
Period ended
31-Dec
2024
**£**
Accrued expenses
-
Accrued accountancy fees
700
700
9. NET INCOMING RESOURCES/(RESOURCES EXPENDED)
Period ended
This is stated after charging
31-Dec
2024
£
Depreciation of tangible assets owned by the charity
2,388
Accountant's fees
700
10. TRUSTEES RENUMERATION
Period ended
31-Dec
2024
During the year, no trustee received any remuneration
NIL
During the year, no trustee received any benefits in kind
NIL|Total
31-Dec
2023
£
8,754
796|
|---|---|
||9,550|
||4,378
2,388|
||6,766|
|||
||2,784|
||Period ended
31-Dec
2023
**£**
-
650|
||650|
||Period ended
31-Dec
2023
£
2,388
650|
||Period ended
31-Dec
2023
NIL
NIL|
Page 12
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BETHEL MINISTRIES UK
INDEPENDENT EXAMINERS REPORT
FOR THE PERIOD ENDED 31ST DECEM8ER 2024
TO THE TRUSTEES OF BETHEL MINISTFUES UK -
I report on the accounts of the charity for the perlod ended 31 December 2024 which Is set on
pages 8- 12
RESPEcfivE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER
The chartty trustee5 ore re5pon51ble for the preparatlon of the accounts. The Charity's
trustees conslder than an audlt Is not requlred for the perlod under 5ectlon 142(2) of the
CharSties Art 2011 and that an Independent examination Is needed.
It Is my responslblllty to:
examlne the accounts under sectlon 145 of Charitles Art 2011.
follow the procedures lald down In the general Dlrettlons glven by the Charlty
Commlssioners (under sertion 145151(b) of the 2011 Act,. and
state whether partlcular matters have come to my attentlon.
8ASIS OF MY EXAMINATION
My examSnation was carried out In accordance wlth the General Dlrectlons given by the
Charlty Commisslon. An examinatlon includes a revlew of the accountlng records kept bv
the charlty and a comparlson of the accounts presented wlth those records. It also
Include5 conslderatlon of any unusual Items or dlsclosures Sn the account, and seeklng
explanatlons from you as trustees concernlng any such matters. The procedures undertaken
do not provlde all the evidence that would be requlred In an audlt, and consequently no
oplnlon Is glven as to whether the accounts present a "true and falr" vlew and the report
Is Ilmlted to those matters set out In the statements below.
EXAMINER'S STATEMENT
In connettlon wlth my examinatlon, no matter has come to my attentlon..
I l) which glves me reasonable cause to believe that In any matedal respect the trustees
have not met the qUirementS to ensure that..
proper accountlng records are not kept in accordance wlth the Charltles Art; and
accounts are prepared which agree with the accountlng records and comply wlth the
accounting requlrements of the Charitles Act 2011,. or
{2) to whlch, In my oplnlon, attentlon should be drawn In order to enable a proper under-
standlng of the accounts to be reached.
Akintayo Ojo FCCA
46 Hollywood Way.
Erith. DA8 2QE
Page 7