# **Registered Charity Number.1199725** 

# **Bethel Apostolic Church Southampton CIO** 

**Trustees Report and Accounts for the year ended** 

**31 March 2024** 



**Bethel Apostolic Church Southampton CIO** Trustees Report and Accounts For the year ended 31 March 2024 

|**Contents**||
|---|---|
||**Page**|
|**Charity Information**|**2**|
|**Trustees Report**|**3/7**|
|**Independent Examiner’s Report**|**8/9**|
|**Statement of Financial Activities**|**10**|
|**Balance Sheet**|**11**|
|**Notes to the Accounts**|**12/15**|



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# **Bethel Apostolic Church Southampton CIO** Trustees Report and Accounts For the year ended 31 March 2024 

## References and administrative information 

Trustees 

Minister Melva Fraser  (Chair) Isabel Richards-trustee Nadia Darmanie-trustee Dr Audley Fraser-trustee Elder David Collins- trustee 

Principal address 

4 Manor Road South Southampton SO19 2DS 

Independent Examiners Modest & Co Financial Services Ltd 189 Greenhill Avenue Sheffield S8 7TJ Bankers Metro Bank One Southampton Row London WC1 B SHA 

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# **Bethel Apostolic Church Southampton CIO** Trustees Report and Accounts For the year ended 31 March 2024 

## **Trustees Report** 

## **Introduction** 

The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the and Republic of Ireland (FRS 102) (effective 1 January 2019). 

Bethel Apostolic Church Southampton was incorporated as a charitable Incorporated organisation on 20 July 2022. 

This decision was driven primarily by the desire to take advantage of the separate legal personality and limited legal liability for Trustees. 

Bethel Apostolic Church Southampton is an Independent Member of the Bethel United Church of Jesus Christ (Apostolic) UK and Europe, family of Churches, which pursues similar aims and signposts local beneficiaries to our services. 

## Aims and purposes 

Bethel Apostolic Church Southampton has the responsibility of promoting the Oneness Apostolic Faith, primarily but not exclusively within Southampton and the surrounding area, evangelism, Outreach, social and community. 

Bethel Apostolic Church Southampton worship services are through scriptures, preaching, teaching, prayer, singing and music. 

## Objectives and Activities 

Bethel Apostolic Church Southampton is committed to ensuring that as many people as possible come to worship at the church and to become part of the community of Southampton and the surrounding area. 

. 

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# **Bethel Apostolic Church Southampton CIO** Trustees Report and Accounts For the year ended 31 March 2024 

## Trustees Report(Continued) 

## Achievements and Performances 

Bethel Apostolic Church Southampton remains part of the ecclesiastical District 7 of Bethel United Church of Jesus Christ Apostolic UK. We hold weekly Sunday services for church members and guests where we study the Bible, pray and worship. We also hold weekly Bible study on a Thursday night which are held on zoom - this changed from the previous Friday evening due to members availability. 

During the year we had 3 baptisms which took place at Lee-On-Solent. We also had the wedding of 2 of our church members which took at the Church place in July 2023. Members of Bethel Church Southampton supported other church services nationally including the annual Holy Convocation in July 2023 and Pastoral/Ministerial installation services in places including Bristol and Newport. 

During a service in November 2023 the leader of our assembly Missionary Fraser was appointed as Minister and she continues in role now. There was a Christmas fellowship meal in December 2023 along with a Christmas Sunday service. 

## **Future Plans** 

We plan to have a community outreach service in 2025 along with fellowship meals and activities that include both church members as well as members of the community. We also plan to continue with all services as well as the Christmas Fellowship meal in December 2024. 

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# **Bethel Apostolic Church Southampton CIO** Trustees Report and Accounts For the year ended 31 March 2024 

## Trustees Report(Continued) 

## Statement of Trustees` responsibilities 

The Charities Act 2011 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 of the charity for that period. In preparing these financial statements, the trustees are required to: 

- Select suitable accounting policies and apply them consistently 

- Observe the methods and principles of the Charities SORP 2005; 

- Make judgements and accounting estimates that are reasonable and prudent 

- State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 

- Prepare the financial statements on the going concern basis unless it is inappropriate to do so. 

The trustees are responsible for keeping sufficient 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 charity and hence for taking reasonable steps for the prevention of fraud and other irregularities. 

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# **Bethel Apostolic Church Southampton CIO** Trustees Report and Accounts For the year ended 31 March 2024 

## **Trustees Report(continued)** 

## Structure, Governance And Management 

The Church is governed by an Approved Governing Document. Members of the Church are accepted in accordance with the Constitution which requires them to be or to have been publicly baptised on the profession of faith in Jesus Christ and following a mode of baptism as per Acts 2v38. 

A trustee meeting takes place throughout the year and has responsibility for the overall policy of the church. In accordance with the Constitution, the trustees, who together with the Pastor, Church Secretary and Treasurer, are responsible for the day to day running of the church’s work, and the financial and legal aspects of the charity. All trustees are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objective. 

Relevant matters may be submitted to the General Congregational Church meeting by the Trustees for guidance or may be raised by members in General Congregational Church meeting for further consideration by the Trustees. 

## Public Benefit 

The trustees have considered the guidance produced by the Charity Commission on the provision of public benefit and they confirm that public benefit has been provided By:-. 

- ➢ Providing regular public worship open to all 

- ➢ Providing sacred space for personal prayer and contemplation 

- ➢ Conducting pastoral work including visiting the sick and the bereaved 

- ➢ Teaching Christianity through sermons and Bible studies. 

- ➢ Promoting the whole mission of the church through activities for senior citizens, parents and toddlers and other special needs groups 

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# **Bethel Apostolic Church Southampton CIO** Trustees Report and Accounts For the year ended 31 March 2024 

## **Trustees Report (Continued)** 

## Financial Review 

Total receipts on ordinary unrestricted funds were £5,341-2024(2023-£8,035) and are detailed in the financial statements. 

£2,148-2024(2023-£2,687) was spent to provide the Christian ministry. 

The net result for the year was a surplus of £3,193-2024(2023-£5,348) and adding bank and deposit balances brought forward at the beginning of the year, the balances carried forward at 31 March 2024 for unrestricted funds totalled £47,318 (2023-£44,125). 

## Reserves Policy 

The Trustees review the policy on reserves and set targets at least once per annum with reference to the guidance and terminology published by the Charity Commission. The policy is also reviewed, when warranted by changes in risk assessment or business plans. The review includes unrestricted and, designated funds and tangible fixed assets. Transfer to and from funds are authorised by the Trustees acting as a whole. 

## **Risk Management** 

The trustees have examined the major risks which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. 

## Approved by the trustees and signed on their behalf by: 


Minister Melva Fraser-Chair January 2025 


Isabel Richards-Trustee January 2025 

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## **Bethel Apostolic Church Southampton CIO** Trustees Report and Accounts For the year ended 31 March 2024 

## **Independent examiner’s report to** Bethel Apostolic Church Southampton **CIO** 

I report on the accounts of the charity for the year ended 31 March 2024 which are set out on pages 10 to 15. 

## **Respective responsibilities of the Committee and the examiner** 

The charity`s trustees are responsible for the preparation of accounts. The charity`s trustees consider that an audit is not required for this year section 144(2) of the charities Act 2011 (the 2011 Act) and that an independent examination is needed. 

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 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 statement below. 

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## **Bethel Apostolic Church Southampton CIO** Trustees Report and Accounts For the year ended 31 March 2024 

## **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 comply with the 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. 


Donovan St H Modest, HND (Business Studies - Accounting), ACG, CIMA Adv Dip MA, CeMAP Modest & Co Financial Services Ltd 189 Greenhill Avenue, Sheffield, S8 7TJ January 2025 

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**Bethel Apostolic Church Southampton CIO** Trustees Report and Accounts For the year ended 31 March 2024 

|**Statement of Financial Activities**|||||
|---|---|---|---|---|
|||**2024**||**2023**|
||**Notes**|**Unrestricted**|**Total**|**Total**|
|||**Funds**|**Funds**|**Funds**|
|||**£**|**£**|**£**|
|**INCOME AND ENDOWMENTS FROM**|||||
|**Donation and legacies**|**2**|5,341||8,035|
|**Investment income**|**3**|-||-|
|**Total**||5,341||8,035|
|**EXPENDED ON**||||-|
|**Charitable activities**|**4**|2,148||2,687|
|**Total**||2,148||2,687|
|**NET INCOME**||**3,193**||**5,348**|
|**RECONCILLIATION OF FUNDS**|||||
|**Total funds brought forward**||44,125||38,777|
|**TOTAL FUNDS CARRIED FORWARD**||47,318|||
|||||38,578|
|||47,318||44,125|



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**Bethel Apostolic Church Southampton CIO** Trustees Report and Accounts For the year ended 31 March 2024 

## **Balance Sheet as at 31 March 2024** 

||**Notes**|**2024**||**2023**|
|---|---|---|---|---|
|||**£**|**£**|**£**|
|**Fixed Assets**|||||
|Tangible assets|**6**|**-**||**-**|
|**Current Assets**|||||
|Cash at Bank||**47,838**||**44,525**|
|**Current Liabilities**|||||
|Amount falling due within|<br>**7**|**520**||**400**|
|one year|||||
|Net current assets|||**47,318**|44,125|
|Total Assets less|||**47,318**|44,125|
|Current Liabilities|||||
|**Creditors: amount falling**|||||
|**due after one year**|||||
|**Total Net  Assets**|||**47,318**|44,125|
|**Funds of the charity**|||||
|Total Unrestricted   Funds|||**47,318**|**44,125**|



The notes on pages 12 to 15 form part of these financial statements 

## Accounts approved by the trustees and signed on their behalf by: 


Minister Melva Fraser-Chair January 2024 


Isabel Richards-Trustee January 2024 

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## **Bethel Apostolic Church Southampton CIO** Trustees Report and Accounts For the year ended 31 March 2024 

## **N** otes to the financial statements for the period to 31 March 2024 

## **1 Accounting Policies** 

## **a) Basis of preparation of financial statements** 

The financial statements have been prepared under the historical cost convention 

## **b) Income and Expenditure** 

All income and expenditure is accounted for on an accrual basis. 

## **c) Fund Accounting** 

The unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity. 

There are no restricted funds held by the Charity 

## **d) Tangible fixed assets** 

Tangible fixed assets costing more than £200 are capitalised and at historic cost. Fixed assets are stated at cost less accumulated depreciation. 

## **Depreciation** 

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: 

## Freehold property 

Freehold property not provided Building improvement 10% straight line Plant & Machinery 10% straight line Fixtures & Fittings 20% straight line Office Equipment 20% straight line Audio Visuals 10% straight line Laptops & Computers 20% straight line Motor Vehicle 20% straight line 

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## **Bethel Apostolic Church Southampton CIO** Trustees Report and Accounts For the year ended 31 March 2024 

## **N** otes to the financial statements to 31 March 2024-continued 

## **2** Donation and Legacies 

|||**2024**|**2023**|
|---|---|---|---|
||**Unrestricted**|**Total Funds**|**Total Funds**|
||**Funds**|||
||**£**|**£**|**£**|
|Donations &|**-**|**5,341**|**8,035**|
|Offering||||
|Gift Aid|**-**|||
|**Total**|**-**|**5,341**|**8,035**|



## **3.** Investment Income 

||2024|2024|2023|
|---|---|---|---|
||Unrestricted|Total Funds|Total|
||Funds||Funds|
||**£**|**£**|**£**|
|Interest Received|**-**|**-**|**-**|
|**Total**|**-**|**-**|**-**|



## 4. Expenditure on Charitable Activities 

||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|Mission & Ministry Cost|1,020|670|
|Evangelism & Outreach|-|475|
|**Ecclesiastical Support** Cost [Contribution towards the|-|450|
|responsibilities of the National Church]|||
|Honorarium|-|-|
|Administrative expenses||-|
|Communication|94|72|
|Depreciation on tangible assets: Owned by the Charity|||
|Consultancy Fees|-|-|
|Insurance|-|-|
|Rent|435|220|
|Supplies & Services|-|-|
|Equipment/Furniture Non-Capital|-|-|
|Training & Short Courses|-|-|
|Legal and professional fees|-|400|
|Accountancy Support|||
|Independent Examination|520|400|
|Miscellaneous Expenses|79|-|
|**Total expenditure on charitable activities**|**2,148**|**2,687**|



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# **Bethel Apostolic Church Southampton CIO** Trustees Report and Accounts For the year ended 31 March 2024 

## **N** otes to the financial statements to 31 March 2024-continued 

## **5. Trustees Remuneration and Benefits** 

There was no trustee`s remuneration or benefits for the year ended 31 March 2024 

## **Trustees` expenses** 

There was no trustee`s expenses paid for the year ended 31 March 2024. 

## **6.     Tangible Fixed Assets** 

||**Freehold**<br>**Property**|**Building**<br>**Improvement**|**Plant &**<br>**Machinery**|**Fixtures/**<br>**fittings**|**Office**<br>**Equipment**|**Audio**<br>**Visuals**|**Laptops**<br>**&**<br>**Computer**|**Motor**<br>**Vehicle**|**Total**|
|---|---|---|---|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|**Cost**||||||||||
|1 April 2023|-|-|-|-|-|-|-|-|-|
|Additions|-|-|-|-|-|<br>-|-|-|-|
|Surplus on<br>revaluation|-|-|-|-|-|<br>-|-|-|-|
|Disposal|-|-|-|-|-|<br>-|-|-|-|
|At 31 March<br>2024|-|-|-|-|-|-|-|-|-|
|||||||||||
|**Depreciation**||||||||||
|At 1 April<br>2023|-|-|-|-|-|-|-|-|-|
|**Charge for**<br>**theyear**|-|-|-|-|-|-|-|-|-|
|**On disposals**||||||||||
|At 31 March<br>2024|-|-|-|-|-|-|-|-|-|
|||||||||||
|**Net book**<br>**value**||||||||||
|At 31 March<br>2024|-|-|-|-|-|-|-|-|-|
|At 31 March<br>2023|-|-|-|-|-|-|-|-|-|



14 



## **Bethel Apostolic Church Southampton CIO** Trustees Report and Accounts For the year ended 31 March 2024 

## **N** otes to the financial statements to 31 March 2024-continued 

## **7. Creditors** 

||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|Creditors: amounts falling due within one year|520|400|
||**520**|**400**|



## **8.** RELATED PARTY DISCLOSURE 

There were no related party transactions for the year ended 31 March 2024. 

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