REGISTERED CHARITY NUMBER: 1106874 rt of the Trustees and Unaudlted Financial Statements for the Year Ended 10 December 2024 Tho Freedom C ntro McDade Roberts Accountants Limlt8d Chartered Accountants 316 Blackpool Road Fulwood Preston Lancashire PR2 3AE
Thg Freedom Cenlre Contents of thg Financial Statemenls for the Year Endod 10 Do¢8mbèr 2024 Pag Roport of the Trustees Independent Examlnovs Report Statement of Financlal Acllvities Statement of Financial Posltlon Notes to the Flnancial Ststements 7 to 12 Detailed Statement of Financial Actlvltles 13 to 14
The Freedom Centre Roport of the Tru$ts•$ for thè Yoar End 10 Do¢•mb•r 2024 We are once again indebt8d to Lydla House TTUSt for the use of the building on a Sunday for our services on a no charge basis. Our weekly offerings have been affected due to people not carrying cash although we have tried to mitigate this by having a card machine available for people to use after the seNice. Our service numbers have continued to grow with new families ioining our Sunday worship services. Leadershlp and Staff The Iwstees corporately hold responsibility for the financial health of the church but the day to day r6sponsiblllty is held by the senior pastors and assistant pastors. Their role is one of spiritual leadership, direction and the logistical and administralive responslbilili8s ar8 held by the vision team. Trustee meetings are attended by the trustees and the senior pastors. Due to the high usage and eventual breakdown of the senior pastors car during the year we were also able to glft £10.000 towards getting them a more reliable car. The trustees are continuing to look to be able to transition the senior pastors to a more wider role and during 2024 will be advertising for a lead pastor to support the staff and leadership as the church moves forward. For8ign Missions The senior pastors did not travel during the year to the Far East on behalf of the freedomcentre bLrt travelled to the United Slates for a conference. Once again we enjoyed th8 ministy of varlous leaders from India during the year. Freedom Tots, Kids and Youth This mlnlsiry has exploded in numbers and we are indebted lo the leaders of these groups for lh8 work they do with the young people on a weekly basis. In closing The trusteos would like to say a huge Ihanks for the support of all the partners to the charily who give their time and their resources in such a wonderful way. We would also like to place on record our deepest thanks to the Senior PaslorslFounders, The Vision Team and Ihe Assistant Pastors for th8ir generous sèrvice and support. The charity is blessed to have such a wonderful group of volunteers to support all that the charity is endeavouring to achieve. OBJECTIVES AND ACTIVITIES Objectlves and alms The freedom centre aims to promote the advancement of the Christian religion in Greal Britain and Ihroughout the world. Page 1
Th• Fr•odom Centrn rt of the Trustees for the Year End•d 10 December 2024 FINANCIAL REVIEW Financial posltlon Income for the year was £132,364 which was a 44D/o increase on the prior year. The charity remains reliant on generous contributions and regular givlng from individuals bul the move towards a cashless soclety d08s impact on collections r8ceived. Expenditure for the year increased to £109.793 whl¢h was an decrease of 4.5°/tt on the prior year and together wilh the decrease in income resulted in a surplus for the year of £22,571. The trustees continue to review costs carefvlly without cutting unduly. Closing fvnds were £53,015. These are unrestricted and maintained in order to fund working capitsl needs, to fund unexpected expenditure, for example when projects overrun or unplanned events occur and to fund shortfalls in income, when Income does not r8ach expected levels. This was the cas8 this year. Thi5 approach is based on an understanding of the income streams and their rlsk profile. the degree of commitment lo expenditure and the overall risk environment in which Ihe Charity operates. Reserves policy The charity holds unrestricted funds al th8 year end. These are maintained In order to fund working capital needs, to fund unexpected expenditure, for example when projects overrun or unplanned events occur and to fund shorttalls in income, when income does not reach expected levels.W8 are pleased to S8y income was up in this past year and we have earmark8d the increase in unrestricted funds to update equipment and giving to other charities who have similar aims lo ourselves. This approach is based on an understanding of the Income streams and their risk proflle. the degree of ¢ommitment to expendllure and the overall risk environment In which the charity operat8S. Restricted funds:_ All restricted funds were spent during th8 course of the year under review, no balance rem8lned at the year end. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The ¢harity is controlled by its governing document. a deed of trust and constitutes an unincorporated charity. Recrultment and appointment of new trustees Trustees are voluntary posltions. New trustees are appointed by existing trustees through an open re¢rultment process. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity numbèr 1106874 Prlncipal address Suite 212, City House 131 Friargate Preston Lan¢ashire PR12EF Page 2
The Frggdom Centre ort of the Trustges for the Year End•d 10 December 2024 Trustees Mrs L Phillips Mrs C Woods Mrs S A Mcvicar Dr E Adegoke (appointed 161212024) Independent Examlner McDade Roberts Accountants Limited Charter8d Accounlants 316 Blackpool Road Fulwood Preston Lancashire PR2 3AE Approved by order of the board of trustees on 22 September 2025 and signed on its behalf by: Mrs S A McVicar- Trustee Page 3
Inde ndont Examlnerfs ROort to th_e Truste•s of Lhe Freedom Contr• Independent examlneVs report to the Irustoos of The Freedom Contre I report to the charity Irustees on my examination of the accourrts of The Freedom Centre (the Trust) for the year ended 10 Dec8mber 2024. Responsibilitie$ and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirèments of the Charities Act 2Q11 ('Ihe Act.). I report in respect of my examlnation of the Trust's accounts carried out under Secllon 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission und8r Sedion 145(5llb) of the Act. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the ex8mination giving me cause lo believe that in any maleri81 resped: accounting re¢ords were not kept in respect of the Trust as required by Section 130 of the Act; or the accounts do not accord with those records. or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulats'ons 2008 other than any requirement that the accounts give a true and fair view which is nol a matter considered as part of an independent examination. I have no concerns and hav8 come across no other matters in connection with the 8xamination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Martin Garry BA (Hons), FCA McDade Roberts Accountants Limited Chartered Accountsnts 316 Bla¢kpool Road Fulwood Preston Lancashire PR2 3AE 22 September 2025 Page 4
The Froodom Con Statement of Finan¢lal Actlvitlos for tho Year Ended 10 De¢ember 2024 10.12.24 Total funds 10.12.23 Total funds Unrestricted fijnd Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 132,100 132.100 91,493 Investment income 264 264 197 Totsl 132.364 132.364 91.690 EXPENDITURE ON Raising funds 2,672 2.672 2.860 Charltable activities Missions Donations rnade Overseas training and conferences 4,000 851 8,322 4.000 851 8.322 10.318 9,163 Other 93,948 93,948 92,678 Total 109,793 109,793 115.019 NET INCOMEI(EXPENDITURE) 22,571 22,571 (23,329) RECONCIUATION OF FUNDS Tolal funds brought forward 30.444 30,444 53,773 TOTAL FUNDS CARRIED FORWARD 53,015 53.015 30,444 The notes fomi part of these financial statements Page 5
The FOrn C•ntre Statemént of Flnanclal Posltlon 10 Dgcember 2024 10.12.24 Total funds 10.12.23 Total funds Unrestricled fund Restrtcled fund Notes FIXED ASSETS Tangible assets 1.007 1,007 2.155 CURRENT ASSETS Debtors Cash at bank and in hand 772 52,236 772 52,236 3,554 25,734 53.008 53,008 29,288 CREDITORS Amounts falling due wilhin one year (1,0001 (1,000) (999> NET CURRENT ASSETS 52.008 52.008 28.289 TOTAL ASSETS LESS CURRENT LIABILITIES 53,015 53,015 30,444 NET ASSETS 53,015 53,015 30,444 FUNDS Unrestricted funds 53,015 30,444 TOTAL FUNDS 53,015 30.444 The financial statements were approved by the Board of Trustees and authorised for issue on 22 September 2025 and were signed on its behalf by.. hoL/l S A McWicar- Trustee The notes form part of the$e finan¢lal Slalemenlg Page 6
Th• Freedom Centro Nots$ to the Flnanclal Slalomfrnts for the Yoar Ended 10 December 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial slatements of the charity, which is a public benefft entity under FRS 102. have been prepared in accordance with the Charities SORP {FRS 102) '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 UK and Republic of Ireland IFRS 1021 (effedive 1 January 2019),. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical Cost ccnvention. Income All income is recognised in the Statement of Financlal Activiti@s once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditu as soon as there is a legal or ¢onstructive obligation committing the charity to that expanditure, it is probable that a transfer of economic benafits will be requlr8d in settlemenl and the amount of thè obligation can be measured reliably. Expenditure is ac¢ounled for on an accwals basis and has been classifKgd under headings that aggregate all cost related to the category. whe cosls cannot b& 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 al the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery Computer equipment 200/0 on cost Taxation The charily is exempt from tax on rts charitable activities. Fund accounting Unrestricted funds can be used in aGcordan¢e with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restrlcted purposes withln the objects of the charfty. Restrictions arise when spe¢lfled by th8 donor or when fvnds are raised for particular restrided purposes. Further explanation of the nature and purpose of each fund is included in the notes to th8 financial statements. Page 7
Thg Fr•edom Centro Notes to the Flnancial Statements- conlinu•d for the Year Ended 10 December 2024 INVESTMENT INCOME 10.12.24 10.12.23 Deposit account interesl 264 197 RAISING FUNDS Raising donations and legacies 10.12.24 10.12.23 Resources Events Book Costs Support costs 218 2.303 120 31 562 2,178 120 2.672 2,860 TRUSTEES. REMUNERATION AND BENEFITS Mrs S.A. Mcvicar. a truslee of the charity, was paid £27,000 during the year in the form of remuneralion. Trustees. expenses There were no trustees, expenses paid for the year ended 10 December 2024 nor for the year ènded 10 December 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrided fund Restricted fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 91,493 91,493 Investment in¢om8 197 197 Total 91.690 91,690 EXPENDITURE ON Raising funds 2,860 2,860 Charitable activities Donations made Overseas training and ¢onf8rences 10.318 9.163 10,318 9,163 other 92,678 92,678 Totsl 115,019 115,019 NET INCOMEI(EXPENDtTURE) (23.329) (23,329) Page 8
The Freedom C8ntre Not0$ to the Flnanclal Stal•ments- Contlnued for th& Yoar Ended 10 D¢¢ember 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unreslricled Restricted fvnd fund Toial funds RECONCILIATION OF FUNDS Total funds brought fOard 53.773 53,773 TOTAL FUNDS CARRIED FORWARD 30,444 30,444 TANGIBLE FIXED ASSETS Plant and machinery Computer equipment Totals COST At 11 December 2023 and 10 December 2024 500 7.629 8,129 DEPRECIATION At 11 Decemb8r 2023 Charge for year 500 5,474 1.148 5.974 1.148 At 10 December 2024 500 6,622 7,122 NET BOOK VALUE At 10 December 2024 1,007 1.007 At 10 December 2023 2,155 2,155 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 10.12.24 10.12.23 Gift Aid Pr8payments 2,700 854 772 772 3,554 Page 9
The Freedom Centr0 Noles to the Flnancial Statemenls - contlnufjd for the Year Ended 10 DeCeMr 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 10.12.24 10.12.23 Trade creditors 1,000 MOVEMENT IN FUNDS Net movement in funds At 11.12.23 Al 10.12.24 Unrestrlcted funds General fund 30.444 22,571 53,015 TOTAL FUNDS 30,444 22.571 53,015 Net movement in funds, included in the above are as follows.. Incoming resources Resour¢es expended Movèmonl in funds Unrestricted funds General fund 132.364 (109,793) 22,571 TOTAL FUNDS 132,364 1109,793) 22,571 Comparatives for movement In funds Net movement in funds At 11.12.22 At 10.12.23 Unrestrleted funds General fund $3,773 (23,3291 30,444 TOTAL FUNDS 53,773 (23,329) 30,444 Page 10
The Freedom Contro Notes to tho Flnanclal Statemonts - ¢onllnu•d for thè Y•ar Ended 10 December 2024 MOVEMENT IN FUNDS- continued Comparative net movement In funds, included in the above are 8$ tollows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 91.690 (115,019) (23,329) TOTAL FUNDS 91,690 (115,019) {23,329) A current year 12 months and prior year 12 months combined position is as follows.. Nèt movement in funds 11.12.22 10.12.24 Unrestrlcted funds General fund 53.773 (758) 53.015 TOTAL FUNDS 53,773 (758) 53.015 A current year 12 months and prior year 12 months combined net movement in fvnds, included in the above are as follows: Incoming resources Resourcès expended Movement in funds Unrestrlcted funds General fund 224,054 {224,812) (758} TOTAL FUNDS 224,054 (224,812) (758} Page11
The Freedom Centro Notes to the Financial Statements- contlnu8d fw thè Year Ended 10 De¢ember 2024 10. RELATED PARTY DISCLOSURES During the year the charity has been granted rent free use of a property owned by Lydia House Twst, a charity that S.A. M¢Vicar is also a trustee of. Page 12
The Freedom Cenlre Dotailed Statement of Financial Actlvltles for the Year Ended 10 DoGgrnbtr 2024 10.12.24 10.12.23 INCOME AND ENDOWMENTS Donations and logacles Gifts Donatlons Gift aid refunds 11) 76,149 15,345 111.972 20.128 132.100 91.493 Investment income Deposit account interest 264 197 Total incoming resources 132.364 91,690 EXPENDITURE Raising donations and legacles Resources Events Book costs 218 2,303 120 562 2,178 120 2,641 2.860 Charitable activltlas Donations made Overseas training & conferen Missions 851 8.322 4,000 10,318 9,163 13.173 19,481 Support costs Management Motor expenses Insurance Light and heat Telephone Post, stationery and website Support costs Subscriptions Hospitality Gifts and consullancy Pastoral tt)ntributions Cleaning Carried forward 2.377 594 3.343 3,598 688 400 449 2,052 2,098 72.600 1,498 89,695 2,731 891 4,679 3,821 1,214 2,921 631 4,174 492 68,600 90,154 This page does not fomi part of the statLrtory financial statements Page 13
The Fregdom C•ntre Dètalled Statement of Flnanclal Activitiès for tho Year Ended 10 Do¢•mbor 2024 10.12.24 10.12.23 Management Brought forward Compuler equipment 89,695 1,147 90,154 1,148 90,842 91,302 Finance Bank charges 31 Informatlon technology Rep8irs and renewals 1,581 Governance costs Sundries Accountancy and legal fees 115 1,410 20 1.356 1,525 1.376 Totsl resources expended 109,793 115.019 Net incomellexpenditure) 22,571 (23,329) This page does not form part of the statutory financial statements Page 14