## **REGISTERED CHARITY NUMBER: 1199487** Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2023 For ## NEW BETHEL REVIVAL MINISTRY **----- Start of picture text -----**
NEW BETHEL REVIVAL MINISTRY
Contents of the Financial Statements
For the year ended 31 December 2023
Page
Report of the Trustees 2-5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9-10
Detailed Statement of Financial Activities 11
**----- End of picture text -----**
1 ## NEW BETHEL REVIVAL MINISTRY ## **Report of the Trustees** **For the year ended 31 December 2023** The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1199487 ## **PRINCIPAL ADDRESS** NEW BETHEL REVIVAL MINISTRY Unit 9-10, 4 Crown Close Business Centre, Bow London E3 2JQ ## **TRUSTEES** 1. MR. NANA BANYIN DANEL ABBAN 2. MR. EDWARD EDUSEI BONSU 3. MRS. GRACE ACHEAMPONG 4. MR. NANA KWAME ODAME 5. MR. PADMORE MINKAH ## **BANKERS** Barclays Bank Plc ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **GOVERNING DOCUMENT** The charity is controlled by its governing document, a Foundation Model Constitution by trustees, and constitutes an unincorporated charity. The Foundation Model Constitution is dated 01[st] of December 2021 and the Charity registered on 29[th] of June 2023. ## **Risk Management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. **Public Benefit** The Trustees confirm that they have had due regard to guidance published by the Charity Commission on public benefit. ## **Financial Review** New Bethel Revival Ministry aims to disburse all its donations to the beneficials in UK and Ghana. We intend to save a small reserve of all donations made (unless otherwise specified are held in reserve for use in emergency situations. For example, medical or environmental damage and sponsorship. 2 ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and Activities:** ## _**The overall objective of the charity is:**_ - 1) To advance the Christian faith, the Word of God, and the full gospel of our Lord Jesus Christ in accordance with the statement of Faith in such ways or as the trustees may, from time to time, deem fit. - 2) To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods, and services of any kind, including the provision of pastoral support and counselling in such parts of the England and Wales as the trustees deem fit. - 3) And addition to the above, the organisation also provides the following. - **A.** Making our building for available community use - **B.** Provision of help to other charities in the community and beyond by making donations. - **C.** Provision of youth activities every Saturday from 12:30 – 14:30 which is open to the public and Holiday club. - **D.** Provision of children naming and christening services to members and the public - **E.** The operation of the church increased awareness of God’s presence to helped grows as Christians through sermons and bible study sessions, alleviated poverty and supported the provision of religious education. - **F.** Providing burial services to the community and comforting the bereaved. ## **ACHIEVEMENT/PERFORMANCE & MEETINGS** ## **Charitable Activities** The Church has been very active both to the congregants and the community. The church was able to organises its regular Sunday worship service for its members and these services are open to the public. These activities include weekly Sunday school for adults and children, Bible study, and midweek prayer meetings. - Other activities include organising an away day to Portsmouth seafront for the members, youth, the children, and the community on the 12[th of] August 2023 with a free coach, it was fully participated. - The church organised a community barbecue outreach on the 5[th ] of August 2023 which was were participated by members and the community. 3 - The church organised its annual Harvest on 29[th] October 2023 which was a time for celebration and annual get together for the members and non-members. - The Youth wing of the church was able to meet on Saturdays for music training (vocal and Instrument) for interested children. The church opens these programs to the public especially the community where it operates. - Once again, we have been able to welcome new members into the church with many of them coming with talents nurtured in their home churches, which they have used here. - We were able to engage in caring for the poor and homeless in our community by distributing food stuff and relief materials. Those who were sick and bereaved were visited and prayed for. - We were also able to organise the crossover night on 31[st] December 2023 which was fully participated by members and the community. - The Choir had weekly rehearsals and arranged two concerts. They were also in demand to take part in concerts arranged by other churches. The junior choir has flourished, increased in numbers, and taking part in the service. Lessons in music and keyboard have been held regularly and for a short time. Trumpet lessons were also given. - Two children were dedicated to the glory of God and one traditional marriage was also celebrated. - The church offers its building for community use (by arrangement) for programmes such as seminars, English lessons, and events for the benefits of the community. - Many of the groups arrange extra meetings and have their committees’ meetings during the week. Ministers and Leaders of Departments meet monthly, Sunday school Teachers meets monthly for preparation. - The children’s ministry met in the lower part of the building every Sunday morning with the teachers meeting regularly for preparation and the teenagers met in the partition of the lower part for their own service except for special occasion when they joined the main congregation. 4 ## **NEW BETHEL REVIVAL MINISTRY** Report of the Trustees For the Year Ended 31 December 2023 ## **STATEMENT OF TRUSTEES RESPONSIBILITIES** The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to. - select suitable accounting policies and then apply them consistently. - observe the methods and principles in the Charity SORP. - make judgements and estimates that are reasonable and prudent. - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. ## **ON BEHALF OF THE BOARD OF TRUSTEES** ## **Nana Banyin Danel Abban** **Date: 15/05/2024** 5 ## **Independent Examiner's Report to the Trustees of New Bethel Revival Ministry** I report on the accounts for the year ended 31 December 2023 set out on pages three to six. ## **Respective responsibilities of 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(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. It is my responsibility to: - examine the accounts under Section 145 of the 2011 Act - to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and - To state whether particular matters have come to my attention. ## **Basis of the independent examiner's report** 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 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 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. ## **Independent 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 requirements - to keep accounting records in accordance with Section 130 of the 2011 Act; and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act. have not been met; or - **2)** To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. **Independent Examiner** **Rexford Oppong C/O Asknath Services Ltd** **Date: 15/05/2024** 6 **----- Start of picture text -----**
NEW BETHEL REVIVAL MINISTRY
Statement of Financial Activities
For the year ended 31 December 2023
INCOMING RESOURCES Notes 2023 2022
Unrestricted
£ £
Tithes & Offering 1 55,674 41,044
EDF Refund 0 86
Total 55,674 41,130
RESOURCES EXPENDED 1
Charitable Activities 28,124 38,529
Total 28,124 38,529
Surplus (deficit) for the
Year 27,550 2,601
**----- End of picture text -----**
7 ## **NEW BETHEL REVIVAL MINISTRY** |**Balance Sheet At 31 December 2023**
**Notes**
**2023**
**FIXED ASSETS**
**£**
**£**
Tangible Fixed Assets
**5**
668,513
**CURRENT ASSETS**
Debtors
Cash in hand & Bank
6
57,439
**57,439**
**LESS CREDITORS:**
**Amounts falling due within one**
**year**
**7**
1,500
**Net Current Assets (Liabilities)**
55,939
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**724,452**
**TOTAL NET ASSETS**
**724,452**
**Total Charity Fund**
724,452
**Total Unrestricted Charity Funds**
**724,452**|**Balance Sheet At 31 December 2023**
**Notes**
**2023**
**FIXED ASSETS**
**£**
**£**
Tangible Fixed Assets
**5**
668,513
**CURRENT ASSETS**
Debtors
Cash in hand & Bank
6
57,439
**57,439**
**LESS CREDITORS:**
**Amounts falling due within one**
**year**
**7**
1,500
**Net Current Assets (Liabilities)**
55,939
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**724,452**
**TOTAL NET ASSETS**
**724,452**
**Total Charity Fund**
724,452
**Total Unrestricted Charity Funds**
**724,452**||**2022**
640,308
34,853
**34,853**| |---|---|---|---| ||||1,608| ||||33,245| ||**724,452**||**673,554**| ||**724,452**||**673,554**| ||724,452||673,554| ||**724,452**||**673,554**| The financial statements were approved by the Board of Trustees on the 03[rd] May 2024; and were signed on its behalf by: ## **Nana Banyin Danel Abban** 15/05/2024 8 ## **NEW BETHEL REVIVAL MINISTRY** Notes to the financial statements. **For the year ended 31 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** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |estimated useful life.|| |---|---| |Freehold property|+ 5% on cost| |Fixtures and fittings|- 5% on cost| |Motor vehicles|- 5% on cost| |Equipment|- 5% on cost| ## **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 restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2023. 9 ## **Trustees' expenses** There were no trustees’ expenses paid for the year ended 31 December 2023 ## **3. STAFF COSTS** There was no staff cost during the year under review. ## **4. PRIOR YEAR ADJUSTMENT** There are no prior year adjustments made during the year. ## **5. TANGIBLE FIXED ASSETS** |**Cost**
As at 1st December 2023
**_Additions 2023_**
As at 31st December
2023
**Depreciation**
As at 1st December 2023
**_charge for the Period_**
As at 31st December
2023
**Net Book Value**
As at 31st December
2023
As at 1st December 2023|**Freehold**
**Building**
**Equipment**
**Motor**
**Vehicle**
**Fixtures &**
**Fittings**
**£**
**£**
**£**
**£**
630,000
15,516
13,125
14,250
5,083
**630,000**
**20,599**
**13,125**
**14,250**
0.00
817.00
938.00
937.00
0.00
1,030
656
713
**0.00**
**1,847**
**1,594**
**1,650**
**630,000**
**18,752**
**11,531**
**12,601**
630,000
20,599
13,125
14,250|**TOTALS**
**£**
672,891| |---|---|---| |||**672,891**| |||**2,692.00**
1,686| |||**4,378**| |||| |||**668,513**| |||672,891| ## **6. DEBTORS: Amounts Falling Due Within One Year** There are no debtors during the year under review. **7. CREDITORS** : Amounts Falling Due Within One Year **Professional Fees £1,500** **Total £1,500** 10 ## **NEW BETHEL REVIVAL MINISTRY Notes to the Financial Statements - continued For the year ended 31 December 2023** |**RESOURCES EXPENDED**
Building Maintenace & Repairs
General Church Expenses
Electricity
Gas
Motor Expenses
Vehicle Repairs
Premises Insurance
Premises Security
Road Tax
Telephone
Travelling & Subsistence
Water
Motor Insurance
Gift & Hospitality
Professional Services
Broadband
Youth Ministry
Cleaning Expenses
Depreciation
Totals|**2023**
**£**
1,425
1,207
3,740
3,188
1,139
2,737
3,513
1,132
165
1,575
1,731
816
1,454
0
1,608
691
123
194
1,686|**2022**
**£**
20,885
281
1,703
1,747
1,028
634
3,198
1,042
165
1,733
1,070
589
1,552
210
0
0
0
0
2,692| |---|---|---| ||**28,124**|**38,529**| 11