COMPANY REGISTRATION NUMBER: 6829106 CHARITY REGISTRATION NUMBER: 1128500
All Nations Church, Bedford Company Limited by Guarantee Financial Statements 30 September 2024
COLLETT HULANCE ACCOUNTANTS LIMITED
Chartered Certified Accountants & statutory auditor 40 Kimbolton Road Bedford MK40 2NR
All Nations Church, Bedford
Company Limited by Guarantee
Financial Statements
Year ended 30 September 2024
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent auditor's report to the members | 11 |
| Statement of financial activities (including income and | |
| expenditure account) | 15 |
| Statement of financial position | 16 |
| Statement of cash flows | 17 |
| Notes to the financial statements | 18 |
All Nations Church, Bedford
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 30 September 2024
The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 30 September 2024.
Reference and administrative details
Registered charity name All Nations Church, Bedford Charity registration number 1128500 Company registration number 6829106 Principal office and registered Church Centre office 79 Brickhill Drive Bedford MK41 7QF The trustees Richard Green Paul Dowling Andrew Ekuban Simon McCrossan (Resigned 30 January 2025) Chantelle Aladewolu Anu-Oluwapo Fagbenro (Appointed 11 April 2024) Angelina Florio (Appointed 11 April 2024) Norman Ingle (Appointed 11 April 2024) Auditor Collett Hulance Accountants Limited Chartered Certified Accountants & statutory auditor 40 Kimbolton Road Bedford MK40 2NR Bankers National Westminster Plc 81 High Street Bedford MK40 1NE Solicitors HCB Solicitors Graylaw House 21 Goldington Road Bedford MK40 3JY
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All Nations Church, Bedford
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 September 2024
Structure, governance and management
Governing document
All Nations Church, Bedford is a company limited by guarantee, incorporated as Brickhill Baptist Church on 24 February 2009 and registered as a charity on 11 March 2009. Brickhill Baptist Church, Bedford changed its name to All Nations Church, Bedford on 27 June 2013. The church previously operated as an ‘excepted’ and unincorporated charity under the trusteeship of The Baptist Union Corporation Limited which is a registered charity and continues to be custodian trustee for the church property at 79 Brickhill Drive. The company was established by a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.
Appointment of Responsible Individuals and Elders
The Church is governed by its responsible individuals who are appointed according to the Articles of Association. The individuals are closely involved in the church's operations and held regular meetings during the reporting period ended 30 September 2024.
Elders are recognised by the congregation for the spiritual direction of the church, and these elders together with other people in leadership are appointed as Trustees as required. Day to day management is delegated to a team of senior staff and volunteer ministry leaders. At specific times during the year midweek church prayer meetings are open to all members and attenders to which visitors and guests are welcome.
Trustees
The responsible individuals and elders, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the period and up to the date of this report are set out on page 1.
Trustees’ induction and training
Responsible Individuals and Elders are closely involved in the church’s operations prior to appointment and are appointed according to their ability to lead the church and the skills they bring to the post. Existing Responsible Individuals, Elders and new appointees have a good knowledge of the operation of the Church prior to appointment. New appointees are supported in their posts by existing appointees. New appointees are also provided with copies of the Memorandum and Articles of Association, latest financial statements and guidance from the Charity Commission, including the Charity Commission guide ‘The Essential Trustee’.
Pay policy for senior staff
The key management personnel comprise the directors/trustees and elders, the operations manager and the church leaders. Key management personnel remuneration is disclosed in note 11 to the accounts and includes remuneration paid to 2 trustees under their contracts of employment, in accordance with the provisions of Clause 6 of the Company's Articles of Association. The pay of key management personnel is reviewed annually and normally increased in accordance with average earnings. In view of the nature of the charity this is benchmarked against other similar organisations.
Risk management
The trustees have assessed the major risks to which the church is exposed, in particular those relating to the operations and finances of the church. A detailed analysis of income and expenditure is provided to all trustees every month with the opportunity to raise questions at regular leadership team meetings. The trustees are satisfied that systems are in place to mitigate their exposure to major risk.
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All Nations Church, Bedford
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 September 2024
Objectives and activities
Aims and objectives
The church’s purposes as more fully set out in the objects which form part of the memorandum of association are: - to advance the Christian faith;
- to relieve sickness and financial hardship and to promote and preserve good health by providing funds, goods or services including counselling and support; - to further Christian education; and- to provide, or assist in providing, facilities for those in need, to help improve their conditions of life.
Statement on public benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Church’s aims and objectives and in planning future activities.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
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All Nations Church, Bedford
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 September 2024
Achievements and performance
Introduction
The Church is a member of the Baptist Union and Evangelical Alliance and operates within the Catalyst Network in association with Newfrontiers.
A pre-school has been operating within the Church building for over 40 years, with a good report following the most recent Ofsted inspection. The pre-school continues to enjoy a very good reputation and is known for excellent help to those children with additional needs. The results of this activity are disclosed in note 19 to these financial statements.
The Grove Pregnancy Advice Centre incorporated as a ministry of All Nations Church is based in a separate property at 118 Brickhill Drive. The Grove continues to serve specific needs including support for pregnant mothers and helping those in the first year of birth. The Grove is open to all the community and is staffed by one All Nations Church employee supported by volunteers from elsewhere as well as members of All Nations Church.
We record our appreciation to members of the public and to other churches who continue to support The Grove Pregnancy Advice Centre as well as other organisations serving the community, including the Bedford Foodbank, and Open the Book who make Bible drama presentations to schools.
Premises and facilities
The Baptist Union Corporation Limited, which is a registered charity, continues to be custodian trustee for All Nations church centre at 79 Brickhill Drive MK41 7QF. The other building owned by All Nations church, occupied and used by The Grove Pregnancy Advice Centre, is situated at 118 Brickhill Drive MK41 7QN.
Church report
Membership and attendance
The trustees are the legal members of All Nations as a limited company. During the year over 300 people were recorded on the Church Suite database as members of the Church. Many other families and individuals regularly attend, support and serve, with an average attendance of 270 adults each Sunday.
The Church Centre
The church building at 79 Brickhill Drive is the registered office of All Nations Church, a charitable company limited by guarantee. The majority of the staff team are based in the first-floor offices, and the building houses the congregation every Sunday, as well as numerous activities throughout the week including the Pre-school. The main rooms are available for specific wider community activities such as one of the Bedford Foodbank distribution centres, other charity meetings, and as a polling station on election days. All the main rooms are readily accessible to wheelchair users and parents with pushchairs, including a baby changing room and a toilet designed for wheelchair access.
Operations
The building is open to members of the community throughout the week for activities such as personal prayer and prayer meetings, Youth and Children's activities, Pre-School, Alpha, Joining the Family, and First Steps. Other regular activities include over 55s, Young Adults and Youth, Food Bank, Girls Brigade, Kids Club, Baby and Toddler groups, as well as Missing Peace, Talking Spaces, the Strong Course, Introduction to Prophecy course, the Alpha Course, First Steps and Joining the Family. Other events were multiple Prayer Weeks and the Hope to Bedford Mission Week. Rooms have been rented to outside businesses such as the Acorn Veterinary Clinic, and to groups such as the
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All Nations Church, Bedford
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 September 2024
Nigerian Fellowship, and to private individuals for birthdays, weddings, funerals, occasional room hire and for bringing donations for the Foodbank and the Grove. As well as the regular activities a Warm Room was offered during the winter months. In addition to routine painting and maintenance, improvements to building and facilities included updating the lights and backing boards for the platform in the auditorium as well as a new carpet in the auditorium. The building hire charging policy was reviewed to cover the increased costs of electricity and gas heating.
Staff Team
The Operations Lead left the church's employment at the end of August and the opportunity was taken to recruit a Ministry Facilitator who was employed in September and a new Operations Lead to start in October. The Children's Lead hours were also increased. The Pre-school Leader stepped down and continued on staff with reduced hours and was replaced by the deputy leader.
Worship and Prayer
All are welcome to attend our regular Sunday Services in the building, or to watch and listen online through our YouTube broadcast. Both in-the-building and online Sunday services consist of a time of worshipping God and a Biblical sermon, with the opportunity to receive prayer in person or online. During the period of this report, we opened a shorter worship and prayer service that was held every Sunday evening. An hour-long prayer meeting held every Wednesday morning is well attended. We have teams of people to help welcome and integrate new people, and the building remained open to community members for personal prayer at every opportunity. We continued to oversee the spiritual and worship activities to facilitate the growth of our diverse multi-ethnic church family for the glory of God.
Communities
We are committed to supporting connections with our multi-national fellowship and strive to facilitate their paths for leadership. Our consistent fellowship with men is aimed at building and empowering families. We provide an automatic virtual translation service on Sundays, a tangible expression of our welcoming heart to immigrants. We continue to exercise our faith for church growth and to serve the poor or lonely. Our ministry, created to reach out, make disciples, and develop opportunities for sharing the Good News with all nations represented in our congregation, is an ongoing work.
Christmas Hampers
Leading up to Christmas we provide food hampers for people in need in our community. During December we again provided nearly 1,000 households with a Christmas hamper, reaching some 2,000 people in Bedford. We are grateful for the support of local schools, businesses and members of the community, as well as church members.
Children and Family Support
During the year many resources have been coming together to develop the children's worship sessions including researching digital registration. The Children's Lead developed the Baptism Prep sessions for our children and has completed this with one child. These are age appropriate and individual sessions that only result in a child being baptised if it is prayerfully discerned that this is spiritually appropriate, due to them having encountered Jesus for themselves. Although we have only baptised one child this year there are at least 12 other children who are interested in either learning about baptism or being baptised.
There were both prayer weeks and mission weeks, which have been very fruitful in seeing children respond to the Gospel and families engage with the Holy Spirit and Kingdom life together. This has at
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All Nations Church, Bedford
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 September 2024
times brought to the surface safeguarding concerns which have been acted upon through facilitating pastoral care and referrals to other support. We had a great response to our request for August cover for our Sunday children's team, which resulted in more people joining the regular team due to enjoying their taste of children's worship over the summer. Much of the summer term onwards has been putting resources in place to brand the children's worship including a new parent wall, welcome packs, policies, and behaviour resources to aid those who have additional needs. This year also saw the start of our SEND ministry for one child who requires more specific 1:1 support, as a result of a few of the team seeking to support children with SEND. It is intended that this will prayerfully develop into a separate area of ministry as provision expands. Overall, we are seeing growth in our children's worship which is very exciting and there is more to develop in many ways as we continue to invest in the children of All Nations church!
The Toddlers group on Wednesday afternoons continued to be attended by numbers of parents, grandparents and carers from the local community. There were opportunities to support parents and carers in different ways as well as to build relationships with them, and during the year many have attended church events such as community coffee mornings and the Living Nativity as well as church services. We were able to run some Toddler group sessions throughout August to support parents during the long summer break.
Mums and Babies group met weekly throughout the year and was attended by a consistent group of mums. The group offers a place for mums to meet, share experiences and to support one another through the first year of parenthood.
Kids' Club met weekly during term time throughout the year. A committed team of volunteers continued to provide activities for children in school years 2-6.
This year saw the close of the 2nd Bedford Girls Brigade. Many of the team were entering new seasons such as new jobs, or university, which meant insufficient leaders and low numbers of children attending. This process required pastoral care to guide all those involved as they came to terms with 2nd Bedford Girls Brigade closing and we had a fun family fellowship event as an end to their time in this Girls Brigade Company.
The new deputy leader at Pre-school settled into her new role well during the year. She completed an Early Years Professional Development qualification (EYPD) and started a National Professional Qualification in Leadership and Management. One other member of staff started the EYPD qualification during the year. Another member of staff completed an NVQ2 in early years and childcare, while two other staff started their NVQ qualifications. Pre-school staff have undertaken a variety of other training including Autism, Special Needs, Communication and Speech. During the spring and summer terms Pre-school was part of a research project to raise children's achievement in maths, this involved five practitioners being trained to deliver the programme. We were grateful that Pre-school received a grant from both the Brickhill Ward Councillors and the Parish Councillors to support families in financial difficulties. As a result, we were able to provide weekly breakfast bags for 10 families over several months.
Youth and Young Adults
Our youth work continues to see significant growth in spiritual maturity as well as numerical growth. We regularly gather 20 to 25 of our young people aged 12 to 18 years together on a Sunday morning for time of fellowship and Bible study. These continue every week, and we have seen an increased number of our youth baptised with 15 in total over the last 12 months! It has been an incredible privilege to see our young people wanting to take the next steps in their faith and grow in their own personal walk with Jesus. We continue to pray for more of this!
A new venture is that Youth now meet all together every Wednesday evening, which includes games,
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All Nations Church, Bedford
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 September 2024
worship, a talk and prayer. This is proving to be a very successful link between each Sunday gathering, providing a great chance for our youth to have the opportunity to connect outside of Sunday morning services and with their peers.
An increased number of people were taken to Newday 2024 with a total of 74 on site; many meeting powerfully with Jesus with three giving their lives to Jesus for the first time! Newday was again highlighted by a number of young people who were baptised during the year; the youth leaders and team are excited for all that the Lord is going to do over the next year.
Young Adults has been redeveloped, now meeting at 5.30pm every Sunday afternoon. This includes prayer and Bible study, sometimes with an invited speaker, and often followed by going out to socialise together afterwards. We were pleased to be able to appoint two of the Young Adults as the new leaders of Young Adults for all those aged 18 to 30 years.
The Grove Pregnancy Advice Centre
The Grove Pregnancy Advice Centre incorporated as a ministry of All Nations Church is based in a separate property at 118 Brickhill Drive. The Grove is open to all the community and is staffed by one All Nations Church part time employee supported by volunteers from elsewhere as well as members of All Nations Church.
The Grove continues to serve specific needs including supporting those struggling to come to terms with varying kinds of baby loss during pregnancy and practical support for those going through financial hardship during the first year of their baby's life. During the year 92 different clients contacted the Grove, including those with a crisis pregnancy and seeking support post abortion or following a miscarriage. The Family Support section provides baby clothes and the loan of equipment to families in need from birth to one year across the Bedford Borough.
We are grateful for the practical support and donations from members of the community as well as members of All Nations Church.
Communications, Media and Technology
All Nations continues to develop technical facilities and communication/social media strategies, with some very visible developments, and others perhaps less obvious. The past year has seen a significant overhaul of our worship stage area with brand-new DMX-controlled lighting and back wall re-upholstery, expansion of the in-ear monitoring system that was installed the previous year, and other new equipment. The worship area also had a new, larger, illuminated wooden Cross permanently installed, and the technical desk at the back of the space has also seen numerous improvements (including a new radio mic antenna system, camera monitors, and more). Temporary side-fill speakers have been installed to improve the coverage of our existing PA system until it can be modernised, and standardised worship volume levels have now been established which are constantly monitored via an accurate sound pressure level meter.
Fixed QR codes are now on the back of every chair in the worship area, with codes for both Giving and Translation. A new Kids Work display is also currently under construction to advertise the Kids Work and enable electronic sign-up, and a brand-new New Life folder pack was designed for new Christians. Tablets have been purchased and set-up for electronic Kids Work registration and are soon to be deployed.
Teams continue to grow (albeit slowly), with the exciting development that many of our team members are now young people. They have a hunger to help, with the youngest on the camera team being only 11, but extremely capable. A new Social Media & Photography team was also assembled with the goal of revitalising our social media presence, which I believe was achieved. The output from this has slowed over the last 2 months, with some re-organisation needed to shuffle tasks around, but this will be
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All Nations Church, Bedford
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 September 2024
rebooted for the New Year. Weekly "Sermon Shorts" are now being filmed and uploaded as Reels, featuring key sermon points which have been driving engagement, and we are now also uploading each week's sermon to Spotify & Apple Podcasts for easy listening. Our livestream viewership has grown, averaging 45 concurrent viewers each week - sometimes reaching almost 60. The Weekly Update email has been adapted by the Operations Lead, who has dramatically streamlined the content, and a biweekly/monthly Reels-style companion video to this is being explored. We are constantly re-assessing these strategies and have been exploring new ones.
Disclosure and Barring Service
DBS applications for All Nations church and pre-school staff and volunteers continue to be submitted through the Christian Safeguarding Service. This is now carried out by the Children's Lead who has responsibility for Safeguarding. The number of applications has declined as more applicants have successfully applied for the Update Service.
Overseas Mission and Support
Our name as All Nations prophetically launches us to go into the nations from the nations. We continue to do that with partnerships and connections in Malawi and Mozambique, Colombia, Albania and Finland.
In August 2024, we sent a team of 7 to Malawi for a mission trip where we served at a leader's conference, visiting the children's home we serve as a church (Janet's House) and visiting some of the projects we have supported financially over these last years. Most notably we visited the 5 acres of land purchased out of our Christmas Offering in December 2023, along with various boreholes that had been established out of funds raised in previous years. Plans are already in place for another visit in 2025.
We continue to support a church planting opportunity in Albania, where a couple from All Nations now live and work, and are active in serving this ministry.
Our senior pastors also got the privilege of visiting Colombia and Finland to serve and further relationships with leaders and ministries in these lands.
Future Developments
We are clearly in a season of growth and expansion as numerically our Sunday services continue to increase, and the use of our building midweek as a hub of mission, community service and care also expands. This is presenting us with space challenges, and we are praying for God's solution in meeting these in the months ahead.
We therefore need to multiply leadership, ministry teams, connect groups, and training and discipleship opportunities to facilitate the spiritual and physical growth the Holy Spirit is bringing to us as a church. This is part of our planning and prayer as we look ahead.
Staff Salary Remuneration Team
The salary remuneration team consists of the non-executive directors and meets annually and as required to consider all aspects of salaries and benefits.
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All Nations Church, Bedford
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 September 2024
Financial review
The financial statements reflect activities during the twelve months ended 30 September 2024. Presented alongside the financial statements for this period are the comparable amounts as reported in the accounts for the twelve-month period ended 30 September 2023.
Summary of Financial Performance
Total income for the year was £691,215. Total expenditure for the year was £683,944. The surplus for the year was £7,271.
At 30 September 2024 unrestricted reserves were £1,854,300 (2023: £1,861,849). These comprised £1,572,362 (2023: £1,579,163) in the capital fund; £67,284 (2023: £92,042) in the designated future fund and £214,654 (2023: £190,644) of general funds.
Restricted funds at 30 September 2024 amounted to £100,744 (2023: £85,924).
Investment Policy and Returns
The trustees have wide investment powers and the trust's investment policy is to invest the monies not immediately required for the primary purpose of the trust, in such investments as may be thought fit.
Reserves Policy
It is the trustees' policy to hold in unrestricted free reserves the equivalent of two months' general running costs (£96,000) together with an additional one month's salary costs (£35,000). The total required reserves of £131,000 at 30 September 2024 compares to £279,093 of 'free reserves' (i.e. net assets less restricted funds, less tangible fixed assets) held at 30 September 2024.
In addition to free reserves, we also hold in cash, sufficient funds to enable the church to meet its known commitments to beneficiaries both in the UK and abroad (i.e. the restricted fund balance of £100,744).
Plans for future periods
As attendance continues to grow and numbers of new people coming to know Jesus increases, we are looking at the possibility of adding in new Sunday services. We continue to seek the Lord about new groups across the town of Bedford with the aim of establishing new worshipping congregations in due course.
Trustees' responsibilities statement
The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.
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All Nations Church, Bedford
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 September 2024
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the applicable Charities SORP;
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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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 adequate accounting records that are sufficient to show and explain the charity's transactions and 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 Companies Act 2006. 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.
Auditor
Each of the persons who is a trustee at the date of approval of this report confirms that:
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so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and
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they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.
The trustees' annual report and the strategic report were approved on 26 June 2025 and signed on behalf of the board of trustees by:
Paul Dowling Chair of Trustees
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All Nations Church, Bedford
Company Limited by Guarantee
Independent Auditor's Report to the Members of All Nations Church, Bedford
Year ended 30 September 2024
Opinion
We have audited the financial statements of All Nations Church, Bedford (the 'charity') for the year ended 30 September 2024 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the charity's affairs as at 30 September 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
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All Nations Church, Bedford
Company Limited by Guarantee
Independent Auditor's Report to the Members of All Nations Church, Bedford (continued)
Year ended 30 September 2024
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the trustees' report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit.
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All Nations Church, Bedford
Company Limited by Guarantee
Independent Auditor's Report to the Members of All Nations Church, Bedford (continued)
Year ended 30 September 2024
Responsibilities of trustees
As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We obtained an understanding of the legal and regulatory framework applicable to the charity and how the charity is complying with that framework. We also enquired of management about their own identification and assessment of the risks of irregularities and reviewed the minutes of meetings of those charged with governance. We considered the susceptibility of the financial statements to material misstatement, including how fraud might occur and we obtained an understanding of the charity's current activities, the scope of its authorisation and the effectiveness of its control environment. These procedures are considered to be sufficient to identify material misstatements in respect of irregularities, including fraud, but cannot be relied upon to detect every potential misstatement.
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
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Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
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Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.
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All Nations Church, Bedford
Company Limited by Guarantee
Independent Auditor's Report to the Members of All Nations Church, Bedford (continued)
Year ended 30 September 2024
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Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
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Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.
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Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Use of our report
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.
Andrew Robert Upton (Senior Statutory Auditor)
For and on behalf of Collett Hulance Accountants Limited Chartered Certified Accountants & statutory auditor 40 Kimbolton Road Bedford MK40 2NR
Date:
14
All Nations Church, Bedford
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 30 September 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 434,871 | 68,558 | 503,429 | 474,750 |
| Charitable activities | 6 | 36,195 | 148,622 | 184,817 | 134,180 |
| Investment income | 7 | 2,370 | 599 | 2,969 | 1,749 |
| ───────── | ───────── | ───────── | ───────── | ||
| Total income | 473,436 | 217,779 | 691,215 | 610,679 | |
| ═════════ | ═════════ | ═════════ | ═════════ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 8,9 | 475,967 | 207,977 | 683,944 | 653,220 |
| ───────── | ───────── | ───────── | ───────── | ||
| Total expenditure | 475,967 | 207,977 | 683,944 | 653,220 | |
| ═════════ | ═════════ | ═════════ | ═════════ | ||
| ───────── | ───────── | ───────── | ───────── | ||
| Net income/(expenditure) | (2,531) | 9,802 | 7,271 | (42,541) | |
| ═════════ | ═════════ | ═════════ | ═════════ | ||
| Transfers between funds | (5,018) | 5,018 | – | – | |
| ───────── | ───────── | ───────── | ───────── | ||
| Net movement in funds | (7,549) | 14,820 | 7,271 | (42,541) | |
| Reconciliation of funds | |||||
| Total funds brought forward | 1,861,849 | 85,924 | 1,947,773 | 1,990,314 | |
| ──────────── | ───────── | ──────────── | ──────────── | ||
| Total funds carried forward | 1,854,300 | 100,744 | 1,955,044 | 1,947,773 | |
| ════════════ | ═════════ | ════════════ | ════════════ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 18 to 30 form part of these financial statements.
15
All Nations Church, Bedford
Company Limited by Guarantee
Statement of Financial Position
30 September 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 13 | 1,572,362 | 1,606,663 |
| Current assets | |||
| Debtors | 14 | 12,969 | 38,718 |
| Cash at bank and in hand | 383,186 | 318,919 | |
| ───────── | ───────── | ||
| 396,155 | 357,637 | ||
| Creditors: amounts falling due within one year | 15 | 13,473 | 16,527 |
| ───────── | ───────── | ||
| Net current assets | 382,682 | 341,110 | |
| ──────────── | ──────────── | ||
| Total assets less current liabilities | 1,955,044 | 1,947,773 | |
| ──────────── | ──────────── | ||
| Net assets | 1,955,044 | 1,947,773 | |
| ════════════ | ════════════ | ||
| Funds of the charity | |||
| Restricted funds | 100,744 | 85,924 | |
| Unrestricted funds | 1,854,300 | 1,861,849 | |
| ──────────── | ──────────── | ||
| Total charity funds | 19 | 1,955,044 ════════════ |
1,947,773 ════════════ |
These financial statements were approved by the board of trustees and authorised for issue on 26 June 2025, and are signed on behalf of the board by:
Andrew Ekuban Trustee
The notes on pages 18 to 30 form part of these financial statements.
16
All Nations Church, Bedford
Company Limited by Guarantee
Statement of Cash Flows
Year ended 30 September 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income/(expenditure) | 7,271 | (42,541) |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 32,297 | 47,816 |
| Gains on disposal of tangible fixed assets | (841) | – |
| Government grant income | – | (2,250) |
| Other interest receivable and similar income | (2,969) | (1,749) |
| Accrued expenses/(income) | 274 | (12,247) |
| Changes in: | ||
| Trade and other debtors | 25,749 | (12,875) |
| Trade and other creditors | (768) | (782) |
| ──────── | ──────── | |
| Cash generated from operations | 61,013 | (24,628) |
| Interest received | 2,969 | 1,749 |
| ──────── | ──────── | |
| Net cash from/(used in) operating activities | 63,982 | (22,879) |
| ════════ | ════════ | |
| Cash flows from investing activities | ||
| Purchase of tangible assets | – | (30,000) |
| Proceeds from sale of tangible assets | 2,845 | – |
| ──────── | ──────── | |
| Net cash from/(used in) investing activities | 2,845 | (30,000) |
| ════════ | ════════ | |
| Cash flows from financing activities | ||
| Government grant income | – | 2,250 |
| Payments of finance lease liabilities | (2,560) | (15,360) |
| ──────── | ──────── | |
| Net cash used in financing activities | (2,560) | (13,110) |
| ════════ | ════════ | |
| Net increase/(decrease) in cash and cash equivalents | 64,267 | (65,989) |
| Cash and cash equivalents at beginning of year | 318,919 | 384,908 |
| ───────── | ───────── | |
| Cash and cash equivalents at end of year | 383,186 ═════════ |
318,919 ═════════ |
The notes on pages 18 to 30 form part of these financial statements.
17
All Nations Church, Bedford
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Church Centre, 79 Brickhill Drive, Bedford, MK41 7QF.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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 (FRS 102) (Charities SORP (FRS 102)) (effective 1 January 2019) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Significant judgements
There are no significant judgements (apart from those involving estimations) made by management.
Key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are the rates of depreciation applied to tangible fixed assets. Tangible fixed assets are depreciated at the rates and amounts disclosed in these financial statements and are regarded by management as the most appropriate rates for the relevant categories of assets.
18
All Nations Church, Bedford
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2024
3. Accounting policies (continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
19
All Nations Church, Bedford
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2024
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
- Freehold property - 1%, 2% and 5% per annum on net book value Fixtures and fittings - 5% and 25% per annum on net book value Motor vehicles - 25% per annum on net book value Equipment - 33.33% per annum on net book value
20
All Nations Church, Bedford
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2024
3. Accounting policies (continued)
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.
Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
21
All Nations Church, Bedford
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2024
3. Accounting policies (continued)
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
The church is constituted as a charitable company, limited by guarantee and has no share capital. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charitable company.
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Donations | |||
| Offerings and gifts | 360,664 | 61,345 | 422,009 |
| Income tax recovered on gifts | 74,207 | 7,213 | 81,420 |
22
All Nations Church, Bedford
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2024
5. Donations and legacies (continued)
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Grants | |||
| Government grant income | – | – | – |
| ───────── | ──────── | ───────── | |
| 434,871 | 68,558 | 503,429 | |
| ═════════ | ════════ | ═════════ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Donations | |||
| Offerings and gifts | 342,032 | 59,468 | 401,500 |
| Income tax recovered on gifts | 65,026 | 5,974 | 71,000 |
| Grants | |||
| Government grant income | – | 2,250 | 2,250 |
| ───────── | ──────── | ───────── | |
| 407,058 | 67,692 | 474,750 | |
| ═════════ | ════════ | ═════════ |
Government grant income of £nil in 2024 (2023: £2,250 for staff training).
6. Charitable activities
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Contributions for use of premises | 16,644 | – | 16,644 |
| Income from charitable activities | 19,551 | 148,622 | 168,173 |
| ──────── | ───────── | ───────── | |
| 36,195 | 148,622 | 184,817 | |
| ════════ | ═════════ | ═════════ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Contributions for use of premises | 4,235 | 190 | 4,425 |
| Income from charitable activities | 17,314 | 112,441 | 129,755 |
| ──────── | ───────── | ───────── | |
| 21,549 | 112,631 | 134,180 | |
| ════════ | ═════════ | ═════════ | |
| Investment income | |||
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Investment income - bank interest | 2,370 | 599 | 2,969 |
| ─────── | ──── | ─────── | |
| 2,370 | 599 | 2,969 | |
| ═══════ | ════ | ═══════ |
7. Investment income
23
All Nations Church, Bedford
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2024
7. Investment income (continued)
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Investment income - bank interest | 1,345 | 404 | 1,749 |
| ─────── | ──── | ─────── | |
| 1,345 | 404 | 1,749 | |
| ═══════ | ════ | ═══════ | |
| Expenditure on charitable activities by fund type | |||
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Staff costs | 335,910 | 114,328 | 450,238 |
| Governance and support costs | 45,213 | 20,862 | 66,075 |
| Premises costs | 51,366 | 2,615 | 53,982 |
| Church based mission costs | 28,905 | 30,344 | 59,249 |
| Other mission costs | 14,573 | 39,828 | 54,400 |
| ───────── | ───────── | ───────── | |
| 475,967 | 207,977 | 683,944 | |
| ═════════ | ═════════ | ═════════ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Staff costs | 319,198 | 104,711 | 423,910 |
| Governance and support costs | 40,631 | 6,818 | 47,449 |
| Premises costs | 76,093 | 2,202 | 78,294 |
| Church based mission costs | 15,766 | 33,855 | 49,621 |
| Other mission costs | 7,308 | 46,638 | 53,946 |
| ───────── | ───────── | ───────── | |
| 458,996 | 194,224 | 653,220 | |
| ═════════ | ═════════ | ═════════ |
8. Expenditure on charitable activities by fund type
9. Expenditure on charitable activities by activity type
| Activities | |||
|---|---|---|---|
| undertaken | Total funds | Total fund | |
| directly | 2024 | 2023 | |
| £ | £ | £ | |
| Staff costs | 450,238 | 450,238 | 423,910 |
| Governance and support costs | 66,075 | 66,075 | 47,449 |
| Premises costs | 53,982 | 53,982 | 78,294 |
| Church based mission costs | 59,249 | 59,249 | 49,621 |
| Other mission costs | 54,400 | 54,400 | 53,946 |
| ───────── | ───────── | ───────── | |
| 683,944 | 683,944 | 653,220 | |
| ═════════ | ═════════ | ═════════ |
24
All Nations Church, Bedford
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2024
10. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Depreciation of tangible fixed assets | 32,297 | 47,816 |
| Gains on disposal tangible fixed assets | (841) | – |
| Auditors’ remuneration | 7,380 | 7,080 |
| ════════ | ════════ |
11. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 386,707 | 373,163 |
| Social security costs | 31,208 | 21,393 |
| Employer contributions to pension plans | 30,636 | 28,155 |
| Other employee benefits | 1,687 | 1,199 |
| ───────── | ───────── | |
| 450,238 | 423,910 | |
| ═════════ | ═════════ |
The average head count of employees during the year was 20 (2023: 21). The average number of full-time equivalent employees during the year is analysed as follows:
| 2024 | 2023 | |
|---|---|---|
| No. | No. | |
| Church staff | 11 | 10 |
| Nursery staff | 9 | 11 |
| ──── | ──── | |
| 20 | 21 | |
| ════ | ════ |
No employee received employee benefits of more than £60,000 during the year (2023: nil).
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £153,736 (2023: £153,736).
12. Trustee remuneration and expenses
Key management personnel remuneration includes remuneration paid to 2 trustees under their contracts of employment, in accordance with the provisions of Clause 6 of the Company’s Articles of Association. Remuneration paid to trustees is as follows:
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| Pension | Pension | |||||
| 2024 | Salary | contributions | 2023 | Salary | contributions | |
| £ | £ | £ | £ | |||
| Mr R Green | 46,294 | 8,190 | 46,294 | 8,190 | ||
| Ms C Aladewolu | 22,248 | 2,225 | 22,248 | 2,225 |
During the year, no trustees were reimbursed travel expenses (2023: nil).
25
All Nations Church, Bedford
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2024
13. Tangible fixed assets
| Freehold | Fixtures and |
Motor | |||
|---|---|---|---|---|---|
| property | fittings | vehicles | Equipment | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| At 1 October 2023 | 1,978,565 | 145,945 | 4,250 | 145,094 | 2,273,854 |
| Disposals | – | – | (4,250) | – | (4,250) |
| ──────────── | ───────── | ─────── | ───────── | ──────────── | |
| At 30 September 2024 | 1,978,565 | 145,945 | – | 145,094 | 2,269,604 |
| ════════════ | ═════════ | ═══════ | ═════════ | ════════════ | |
| Depreciation | |||||
| At 1 October 2023 | 416,550 | 117,479 | 1,576 | 131,586 | 667,191 |
| Charge for the year | 23,091 | 2,319 | 670 | 6,217 | 32,297 |
| Disposals | – | – | (2,246) | – | (2,246) |
| ──────────── | ───────── | ─────── | ───────── | ──────────── | |
| At 30 September 2024 | 439,641 | 119,798 | – | 137,803 | 697,242 |
| ════════════ | ═════════ | ═══════ | ═════════ | ════════════ | |
| Carrying amount | |||||
| At 30 September 2024 | 1,538,924 | 26,147 | – | 7,291 | 1,572,362 |
| ════════════ | ═════════ | ═══════ | ═════════ | ════════════ | |
| At 30 September 2023 | 1,562,015 ════════════ |
28,466 ═════════ |
2,674 ═══════ |
13,508 ═════════ |
1,606,663 ════════════ |
The church is the beneficial owner of All Nations Church Centre, the legal title to which is held by the Church's custodian trustee The Baptist Union Corporation.
All Nations Church, Bedford is the owner of 118 Brickhill Drive, Bedford.
Tangible fixed assets held at valuation
The amounts shown for freehold property are based upon valuations made on 4 November 1993 for insurance purposes and subsequent additions at cost.
Under the transitional provisions of Financial Reporting Standard 15, the Church retained the valuation at 4 November 1993 and opted to depreciate buildings, rather than a policy of regular revaluation. Under the transitional provisions of FRS 102 the Church has continued to retain and depreciate the 1993 valuation.
26
All Nations Church, Bedford
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2024
13. Tangible fixed assets (continued)
In respect of tangible fixed assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
| the historical cost model are as follows: | |
|---|---|
| Freehold | |
| property | |
| £ | |
| At 30 September 2024 | |
| Aggregate cost | 487,222 |
| Aggregate depreciation | – |
| ──────────── | |
| Carrying value | 487,222 |
| ════════════ | |
| At 30 September 2023 | |
| Aggregate cost | 487,222 |
| Aggregate depreciation | – |
| ───────── | |
| Carrying value | 487,222 ═════════ |
Finance leases and hire purchase contracts
Included within the carrying value of tangible fixed assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
| assets held under finance leases or hire purchase agreements: | |||
|---|---|---|---|
| Equipment | |||
| £ | |||
| At 30 September 2024 | – | ||
| ════ | |||
| At 30 September 2023 | 2,560 | ||
| ═══════ | |||
| 14. | Debtors | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Prepayments and accrued income | 2,689 | 7,623 | |
| Other debtors | 10,280 | 31,095 | |
| ──────── | ──────── | ||
| 12,969 | 38,718 | ||
| ════════ | ════════ | ||
| 15. | Creditors: amounts falling due within one year | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Accruals and deferred income | 8,145 | 7,871 | |
| Social security and other taxes | 5,328 | 6,096 | |
| Obligations under finance leases and hire purchase contracts | – | 2,560 | |
| ──────── | ──────── | ||
| 13,473 | 16,527 | ||
| ════════ | ════════ |
Obligations under finance leases and hire purchase contracts are secured on the assets acquired.
27
All Nations Church, Bedford
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2024
16. Finance leases and hire purchase contracts
The total future minimum lease payments under finance leases and hire purchase contracts are as follows:
| as follows: | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Not later than | 1 | year | – ════ |
2,560 ═══════ |
17. Pensions and other post-retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £30,636 (2023: £28,155).
18. Government grants
The amounts recognised in the financial statements for government grants are as follows:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Recognised in income from donations and legacies: | ||
| Government grants income | – ════ |
2,250 ═══════ |
19. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 October | 30 September | ||||
| 2023 | Income | Expenditure | Transfers | 2024 | |
| £ | £ | £ | £ | £ | |
| General funds | 190,644 | 470,695 | (444,512) | (2,173) | 214,654 |
| Capital fund | 1,579,163 | – | (31,455) | 24,654 | 1,572,362 |
| Designated fund | 92,042 | 2,741 | – | (27,499) | 67,284 |
| ──────────── | ───────── | ───────── | ──────── | ──────────── | |
| 1,861,849 | 473,436 | (475,967) | (5,018) | 1,854,300 | |
| ════════════ | ═════════ | ═════════ | ════════ | ════════════ | |
| At | At | ||||
| 1 October | 30 September | ||||
| 2022 | Income | Expenditure | Transfers | 2023 | |
| £ | £ | £ | £ | £ | |
| General funds | 181,475 | 427,384 | (413,680) | (4,535) | 190,644 |
| Capital fund | 1,624,479 | – | (45,316) | – | 1,579,163 |
| Designated fund | 89,474 | 2,568 | – | – | 92,042 |
| ──────────── | ───────── | ───────── | ─────── | ──────────── | |
| 1,895,428 | 429,952 | (458,996) | (4,535) | 1,861,849 | |
| ════════════ | ═════════ | ═════════ | ═══════ | ════════════ |
28
All Nations Church, Bedford
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2024
19. Analysis of charitable funds (continued)
Unrestricted fund are the 'free reserves' after allowing for the restricted and designated funds.
Capital fund is an unrestricted fund which recognises the value of fixed assets held and not therefore freely available to be expended.
Designated fund comprises a 'future fund' which is set aside by the trustees for activities relating to the growth of the church.
Restricted funds are subject to restrictions on their expenditure imposed by the donor or through the terms of an appeal. Restricted funds include the Pre-School and other funds as described below.
Restricted funds
| Restricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 October | 30 September | ||||
| 2023 | Income | Expenditure | Transfers | 2024 | |
| £ | £ | £ | £ | £ | |
| Pregnancy counselling | – | 4,656 | (9,595) | 5,018 | 79 |
| All Nations Pre-School | 61,173 | 149,135 | (144,751) | – | 65,557 |
| Appeals | 2,268 | 4,727 | (9) | (2,268) | 4,718 |
| Christmas in a box | 1,796 | 4,616 | (2,313) | – | 4,099 |
| Compassion | 15,343 | 306 | (939) | – | 14,710 |
| Malawi widows and | |||||
| orphans | 2,837 | 28,012 | (29,457) | 2,268 | 3,660 |
| Education Africa | 2,507 | 8,756 | (7,120) | – | 4,143 |
| Christmas appeal | – | 17,371 | (13,793) | – | 3,578 |
| Youth | – | 200 | – | – | 200 |
| ──────── | ───────── | ───────── | ─────── | ───────── | |
| 85,924 | 217,779 | (207,977) | 5,018 | 100,744 | |
| ════════ | ═════════ | ═════════ | ═══════ | ═════════ | |
| At | At | ||||
| 1 October | 30 September | ||||
| 2022 | Income | Expenditure | Transfers | 2023 | |
| £ | £ | £ | £ | £ | |
| Pregnancy counselling | – | 4,715 | (8,369) | 3,654 | – |
| All Nations Pre-School | 66,339 | 114,970 | (120,136) | – | 61,173 |
| Appeals | – | 29,874 | (27,606) | – | 2,268 |
| Christmas in a box | 5,081 | 1,975 | (5,260) | – | 1,796 |
| Compassion | 15,034 | 1,083 | (774) | – | 15,343 |
| Malawi widows and | |||||
| orphans | 3,645 | 9,365 | (10,173) | – | 2,837 |
| Education Africa | 4,787 | 6,580 | (8,860) | – | 2,507 |
| Christmas appeal | – | 12,165 | (13,046) | 881 | – |
| Youth | – | – | – | – | – |
| ──────── | ───────── | ───────── | ─────── | ──────── | |
| 94,886 | 180,727 | (194,224) | 4,535 | 85,924 | |
| ════════ | ═════════ | ═════════ | ═══════ | ════════ |
29
All Nations Church, Bedford
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2024
20. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Tangible fixed assets | 1,572,362 | – | 1,572,362 |
| Current assets | 295,411 | 100,744 | 396,155 |
| Creditors less than 1 year | (13,473) | – | (13,473) |
| ──────────── | ───────── | ──────────── | |
| Net assets | 1,854,300 | 100,744 | 1,955,044 |
| ════════════ | ═════════ | ════════════ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Tangible fixed assets | 1,606,663 | – | 1,606,663 |
| Current assets | 271,713 | 85,924 | 357,637 |
| Creditors less than 1 year | (16,527) | – | (16,527) |
| ──────────── | ──────── | ──────────── | |
| Net assets | 1,861,849 | 85,924 | 1,947,773 |
| ════════════ | ════════ | ════════════ | |
| Analysis of changes in net debt | |||
| At | |||
| At 1 Oct 2023 | Cash flows | 30 Sep 2024 | |
| £ | £ | £ | |
| Cash at bank and in hand | 318,919 | 64,267 | 383,186 |
| Debt due within one year | (2,560) | 2,560 | – |
| ───────── | ──────── | ───────── | |
| 316,359 | 66,827 | 383,186 | |
| ═════════ | ════════ | ═════════ |
21. Analysis of changes in net debt
22. Related parties
Trustee donations to the church amounted to £45,680 (2023: £35,342).
30
COMPANY REGISTRATION NUMBER: 6829106 CHARITY REGISTRATION NUMBER: 1128500
All Nations Church, Bedford Company Limited by Guarantee Financial Statements 30 September 2024
COLLETT HULANCE ACCOUNTANTS LIMITED
Chartered Certified Accountants & statutory auditor 40 Kimbolton Road Bedford MK40 2NR
All Nations Church, Bedford
Company Limited by Guarantee
Financial Statements
Year ended 30 September 2024
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent auditor's report to the members | 11 |
| Statement of financial activities (including income and | |
| expenditure account) | 15 |
| Statement of financial position | 16 |
| Statement of cash flows | 17 |
| Notes to the financial statements | 18 |
All Nations Church, Bedford
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 30 September 2024
The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 30 September 2024.
Reference and administrative details
Registered charity name All Nations Church, Bedford Charity registration number 1128500 Company registration number 6829106 Principal office and registered Church Centre office 79 Brickhill Drive Bedford MK41 7QF The trustees Richard Green Paul Dowling Andrew Ekuban Simon McCrossan (Resigned 30 January 2025) Chantelle Aladewolu Anu-Oluwapo Fagbenro (Appointed 11 April 2024) Angelina Florio (Appointed 11 April 2024) Norman Ingle (Appointed 11 April 2024) Auditor Collett Hulance Accountants Limited Chartered Certified Accountants & statutory auditor 40 Kimbolton Road Bedford MK40 2NR Bankers National Westminster Plc 81 High Street Bedford MK40 1NE Solicitors HCB Solicitors Graylaw House 21 Goldington Road Bedford MK40 3JY
1
All Nations Church, Bedford
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 September 2024
Structure, governance and management
Governing document
All Nations Church, Bedford is a company limited by guarantee, incorporated as Brickhill Baptist Church on 24 February 2009 and registered as a charity on 11 March 2009. Brickhill Baptist Church, Bedford changed its name to All Nations Church, Bedford on 27 June 2013. The church previously operated as an ‘excepted’ and unincorporated charity under the trusteeship of The Baptist Union Corporation Limited which is a registered charity and continues to be custodian trustee for the church property at 79 Brickhill Drive. The company was established by a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.
Appointment of Responsible Individuals and Elders
The Church is governed by its responsible individuals who are appointed according to the Articles of Association. The individuals are closely involved in the church's operations and held regular meetings during the reporting period ended 30 September 2024.
Elders are recognised by the congregation for the spiritual direction of the church, and these elders together with other people in leadership are appointed as Trustees as required. Day to day management is delegated to a team of senior staff and volunteer ministry leaders. At specific times during the year midweek church prayer meetings are open to all members and attenders to which visitors and guests are welcome.
Trustees
The responsible individuals and elders, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the period and up to the date of this report are set out on page 1.
Trustees’ induction and training
Responsible Individuals and Elders are closely involved in the church’s operations prior to appointment and are appointed according to their ability to lead the church and the skills they bring to the post. Existing Responsible Individuals, Elders and new appointees have a good knowledge of the operation of the Church prior to appointment. New appointees are supported in their posts by existing appointees. New appointees are also provided with copies of the Memorandum and Articles of Association, latest financial statements and guidance from the Charity Commission, including the Charity Commission guide ‘The Essential Trustee’.
Pay policy for senior staff
The key management personnel comprise the directors/trustees and elders, the operations manager and the church leaders. Key management personnel remuneration is disclosed in note 11 to the accounts and includes remuneration paid to 2 trustees under their contracts of employment, in accordance with the provisions of Clause 6 of the Company's Articles of Association. The pay of key management personnel is reviewed annually and normally increased in accordance with average earnings. In view of the nature of the charity this is benchmarked against other similar organisations.
Risk management
The trustees have assessed the major risks to which the church is exposed, in particular those relating to the operations and finances of the church. A detailed analysis of income and expenditure is provided to all trustees every month with the opportunity to raise questions at regular leadership team meetings. The trustees are satisfied that systems are in place to mitigate their exposure to major risk.
2
All Nations Church, Bedford
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 September 2024
Objectives and activities
Aims and objectives
The church’s purposes as more fully set out in the objects which form part of the memorandum of association are: - to advance the Christian faith;
- to relieve sickness and financial hardship and to promote and preserve good health by providing funds, goods or services including counselling and support; - to further Christian education; and- to provide, or assist in providing, facilities for those in need, to help improve their conditions of life.
Statement on public benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Church’s aims and objectives and in planning future activities.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
3
All Nations Church, Bedford
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 September 2024
Achievements and performance
Introduction
The Church is a member of the Baptist Union and Evangelical Alliance and operates within the Catalyst Network in association with Newfrontiers.
A pre-school has been operating within the Church building for over 40 years, with a good report following the most recent Ofsted inspection. The pre-school continues to enjoy a very good reputation and is known for excellent help to those children with additional needs. The results of this activity are disclosed in note 19 to these financial statements.
The Grove Pregnancy Advice Centre incorporated as a ministry of All Nations Church is based in a separate property at 118 Brickhill Drive. The Grove continues to serve specific needs including support for pregnant mothers and helping those in the first year of birth. The Grove is open to all the community and is staffed by one All Nations Church employee supported by volunteers from elsewhere as well as members of All Nations Church.
We record our appreciation to members of the public and to other churches who continue to support The Grove Pregnancy Advice Centre as well as other organisations serving the community, including the Bedford Foodbank, and Open the Book who make Bible drama presentations to schools.
Premises and facilities
The Baptist Union Corporation Limited, which is a registered charity, continues to be custodian trustee for All Nations church centre at 79 Brickhill Drive MK41 7QF. The other building owned by All Nations church, occupied and used by The Grove Pregnancy Advice Centre, is situated at 118 Brickhill Drive MK41 7QN.
Church report
Membership and attendance
The trustees are the legal members of All Nations as a limited company. During the year over 300 people were recorded on the Church Suite database as members of the Church. Many other families and individuals regularly attend, support and serve, with an average attendance of 270 adults each Sunday.
The Church Centre
The church building at 79 Brickhill Drive is the registered office of All Nations Church, a charitable company limited by guarantee. The majority of the staff team are based in the first-floor offices, and the building houses the congregation every Sunday, as well as numerous activities throughout the week including the Pre-school. The main rooms are available for specific wider community activities such as one of the Bedford Foodbank distribution centres, other charity meetings, and as a polling station on election days. All the main rooms are readily accessible to wheelchair users and parents with pushchairs, including a baby changing room and a toilet designed for wheelchair access.
Operations
The building is open to members of the community throughout the week for activities such as personal prayer and prayer meetings, Youth and Children's activities, Pre-School, Alpha, Joining the Family, and First Steps. Other regular activities include over 55s, Young Adults and Youth, Food Bank, Girls Brigade, Kids Club, Baby and Toddler groups, as well as Missing Peace, Talking Spaces, the Strong Course, Introduction to Prophecy course, the Alpha Course, First Steps and Joining the Family. Other events were multiple Prayer Weeks and the Hope to Bedford Mission Week. Rooms have been rented to outside businesses such as the Acorn Veterinary Clinic, and to groups such as the
4
All Nations Church, Bedford
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 September 2024
Nigerian Fellowship, and to private individuals for birthdays, weddings, funerals, occasional room hire and for bringing donations for the Foodbank and the Grove. As well as the regular activities a Warm Room was offered during the winter months. In addition to routine painting and maintenance, improvements to building and facilities included updating the lights and backing boards for the platform in the auditorium as well as a new carpet in the auditorium. The building hire charging policy was reviewed to cover the increased costs of electricity and gas heating.
Staff Team
The Operations Lead left the church's employment at the end of August and the opportunity was taken to recruit a Ministry Facilitator who was employed in September and a new Operations Lead to start in October. The Children's Lead hours were also increased. The Pre-school Leader stepped down and continued on staff with reduced hours and was replaced by the deputy leader.
Worship and Prayer
All are welcome to attend our regular Sunday Services in the building, or to watch and listen online through our YouTube broadcast. Both in-the-building and online Sunday services consist of a time of worshipping God and a Biblical sermon, with the opportunity to receive prayer in person or online. During the period of this report, we opened a shorter worship and prayer service that was held every Sunday evening. An hour-long prayer meeting held every Wednesday morning is well attended. We have teams of people to help welcome and integrate new people, and the building remained open to community members for personal prayer at every opportunity. We continued to oversee the spiritual and worship activities to facilitate the growth of our diverse multi-ethnic church family for the glory of God.
Communities
We are committed to supporting connections with our multi-national fellowship and strive to facilitate their paths for leadership. Our consistent fellowship with men is aimed at building and empowering families. We provide an automatic virtual translation service on Sundays, a tangible expression of our welcoming heart to immigrants. We continue to exercise our faith for church growth and to serve the poor or lonely. Our ministry, created to reach out, make disciples, and develop opportunities for sharing the Good News with all nations represented in our congregation, is an ongoing work.
Christmas Hampers
Leading up to Christmas we provide food hampers for people in need in our community. During December we again provided nearly 1,000 households with a Christmas hamper, reaching some 2,000 people in Bedford. We are grateful for the support of local schools, businesses and members of the community, as well as church members.
Children and Family Support
During the year many resources have been coming together to develop the children's worship sessions including researching digital registration. The Children's Lead developed the Baptism Prep sessions for our children and has completed this with one child. These are age appropriate and individual sessions that only result in a child being baptised if it is prayerfully discerned that this is spiritually appropriate, due to them having encountered Jesus for themselves. Although we have only baptised one child this year there are at least 12 other children who are interested in either learning about baptism or being baptised.
There were both prayer weeks and mission weeks, which have been very fruitful in seeing children respond to the Gospel and families engage with the Holy Spirit and Kingdom life together. This has at
5
All Nations Church, Bedford
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 September 2024
times brought to the surface safeguarding concerns which have been acted upon through facilitating pastoral care and referrals to other support. We had a great response to our request for August cover for our Sunday children's team, which resulted in more people joining the regular team due to enjoying their taste of children's worship over the summer. Much of the summer term onwards has been putting resources in place to brand the children's worship including a new parent wall, welcome packs, policies, and behaviour resources to aid those who have additional needs. This year also saw the start of our SEND ministry for one child who requires more specific 1:1 support, as a result of a few of the team seeking to support children with SEND. It is intended that this will prayerfully develop into a separate area of ministry as provision expands. Overall, we are seeing growth in our children's worship which is very exciting and there is more to develop in many ways as we continue to invest in the children of All Nations church!
The Toddlers group on Wednesday afternoons continued to be attended by numbers of parents, grandparents and carers from the local community. There were opportunities to support parents and carers in different ways as well as to build relationships with them, and during the year many have attended church events such as community coffee mornings and the Living Nativity as well as church services. We were able to run some Toddler group sessions throughout August to support parents during the long summer break.
Mums and Babies group met weekly throughout the year and was attended by a consistent group of mums. The group offers a place for mums to meet, share experiences and to support one another through the first year of parenthood.
Kids' Club met weekly during term time throughout the year. A committed team of volunteers continued to provide activities for children in school years 2-6.
This year saw the close of the 2nd Bedford Girls Brigade. Many of the team were entering new seasons such as new jobs, or university, which meant insufficient leaders and low numbers of children attending. This process required pastoral care to guide all those involved as they came to terms with 2nd Bedford Girls Brigade closing and we had a fun family fellowship event as an end to their time in this Girls Brigade Company.
The new deputy leader at Pre-school settled into her new role well during the year. She completed an Early Years Professional Development qualification (EYPD) and started a National Professional Qualification in Leadership and Management. One other member of staff started the EYPD qualification during the year. Another member of staff completed an NVQ2 in early years and childcare, while two other staff started their NVQ qualifications. Pre-school staff have undertaken a variety of other training including Autism, Special Needs, Communication and Speech. During the spring and summer terms Pre-school was part of a research project to raise children's achievement in maths, this involved five practitioners being trained to deliver the programme. We were grateful that Pre-school received a grant from both the Brickhill Ward Councillors and the Parish Councillors to support families in financial difficulties. As a result, we were able to provide weekly breakfast bags for 10 families over several months.
Youth and Young Adults
Our youth work continues to see significant growth in spiritual maturity as well as numerical growth. We regularly gather 20 to 25 of our young people aged 12 to 18 years together on a Sunday morning for time of fellowship and Bible study. These continue every week, and we have seen an increased number of our youth baptised with 15 in total over the last 12 months! It has been an incredible privilege to see our young people wanting to take the next steps in their faith and grow in their own personal walk with Jesus. We continue to pray for more of this!
A new venture is that Youth now meet all together every Wednesday evening, which includes games,
6
All Nations Church, Bedford
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 September 2024
worship, a talk and prayer. This is proving to be a very successful link between each Sunday gathering, providing a great chance for our youth to have the opportunity to connect outside of Sunday morning services and with their peers.
An increased number of people were taken to Newday 2024 with a total of 74 on site; many meeting powerfully with Jesus with three giving their lives to Jesus for the first time! Newday was again highlighted by a number of young people who were baptised during the year; the youth leaders and team are excited for all that the Lord is going to do over the next year.
Young Adults has been redeveloped, now meeting at 5.30pm every Sunday afternoon. This includes prayer and Bible study, sometimes with an invited speaker, and often followed by going out to socialise together afterwards. We were pleased to be able to appoint two of the Young Adults as the new leaders of Young Adults for all those aged 18 to 30 years.
The Grove Pregnancy Advice Centre
The Grove Pregnancy Advice Centre incorporated as a ministry of All Nations Church is based in a separate property at 118 Brickhill Drive. The Grove is open to all the community and is staffed by one All Nations Church part time employee supported by volunteers from elsewhere as well as members of All Nations Church.
The Grove continues to serve specific needs including supporting those struggling to come to terms with varying kinds of baby loss during pregnancy and practical support for those going through financial hardship during the first year of their baby's life. During the year 92 different clients contacted the Grove, including those with a crisis pregnancy and seeking support post abortion or following a miscarriage. The Family Support section provides baby clothes and the loan of equipment to families in need from birth to one year across the Bedford Borough.
We are grateful for the practical support and donations from members of the community as well as members of All Nations Church.
Communications, Media and Technology
All Nations continues to develop technical facilities and communication/social media strategies, with some very visible developments, and others perhaps less obvious. The past year has seen a significant overhaul of our worship stage area with brand-new DMX-controlled lighting and back wall re-upholstery, expansion of the in-ear monitoring system that was installed the previous year, and other new equipment. The worship area also had a new, larger, illuminated wooden Cross permanently installed, and the technical desk at the back of the space has also seen numerous improvements (including a new radio mic antenna system, camera monitors, and more). Temporary side-fill speakers have been installed to improve the coverage of our existing PA system until it can be modernised, and standardised worship volume levels have now been established which are constantly monitored via an accurate sound pressure level meter.
Fixed QR codes are now on the back of every chair in the worship area, with codes for both Giving and Translation. A new Kids Work display is also currently under construction to advertise the Kids Work and enable electronic sign-up, and a brand-new New Life folder pack was designed for new Christians. Tablets have been purchased and set-up for electronic Kids Work registration and are soon to be deployed.
Teams continue to grow (albeit slowly), with the exciting development that many of our team members are now young people. They have a hunger to help, with the youngest on the camera team being only 11, but extremely capable. A new Social Media & Photography team was also assembled with the goal of revitalising our social media presence, which I believe was achieved. The output from this has slowed over the last 2 months, with some re-organisation needed to shuffle tasks around, but this will be
7
All Nations Church, Bedford
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 September 2024
rebooted for the New Year. Weekly "Sermon Shorts" are now being filmed and uploaded as Reels, featuring key sermon points which have been driving engagement, and we are now also uploading each week's sermon to Spotify & Apple Podcasts for easy listening. Our livestream viewership has grown, averaging 45 concurrent viewers each week - sometimes reaching almost 60. The Weekly Update email has been adapted by the Operations Lead, who has dramatically streamlined the content, and a biweekly/monthly Reels-style companion video to this is being explored. We are constantly re-assessing these strategies and have been exploring new ones.
Disclosure and Barring Service
DBS applications for All Nations church and pre-school staff and volunteers continue to be submitted through the Christian Safeguarding Service. This is now carried out by the Children's Lead who has responsibility for Safeguarding. The number of applications has declined as more applicants have successfully applied for the Update Service.
Overseas Mission and Support
Our name as All Nations prophetically launches us to go into the nations from the nations. We continue to do that with partnerships and connections in Malawi and Mozambique, Colombia, Albania and Finland.
In August 2024, we sent a team of 7 to Malawi for a mission trip where we served at a leader's conference, visiting the children's home we serve as a church (Janet's House) and visiting some of the projects we have supported financially over these last years. Most notably we visited the 5 acres of land purchased out of our Christmas Offering in December 2023, along with various boreholes that had been established out of funds raised in previous years. Plans are already in place for another visit in 2025.
We continue to support a church planting opportunity in Albania, where a couple from All Nations now live and work, and are active in serving this ministry.
Our senior pastors also got the privilege of visiting Colombia and Finland to serve and further relationships with leaders and ministries in these lands.
Future Developments
We are clearly in a season of growth and expansion as numerically our Sunday services continue to increase, and the use of our building midweek as a hub of mission, community service and care also expands. This is presenting us with space challenges, and we are praying for God's solution in meeting these in the months ahead.
We therefore need to multiply leadership, ministry teams, connect groups, and training and discipleship opportunities to facilitate the spiritual and physical growth the Holy Spirit is bringing to us as a church. This is part of our planning and prayer as we look ahead.
Staff Salary Remuneration Team
The salary remuneration team consists of the non-executive directors and meets annually and as required to consider all aspects of salaries and benefits.
8
All Nations Church, Bedford
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 September 2024
Financial review
The financial statements reflect activities during the twelve months ended 30 September 2024. Presented alongside the financial statements for this period are the comparable amounts as reported in the accounts for the twelve-month period ended 30 September 2023.
Summary of Financial Performance
Total income for the year was £691,215. Total expenditure for the year was £683,944. The surplus for the year was £7,271.
At 30 September 2024 unrestricted reserves were £1,854,300 (2023: £1,861,849). These comprised £1,572,362 (2023: £1,579,163) in the capital fund; £67,284 (2023: £92,042) in the designated future fund and £214,654 (2023: £190,644) of general funds.
Restricted funds at 30 September 2024 amounted to £100,744 (2023: £85,924).
Investment Policy and Returns
The trustees have wide investment powers and the trust's investment policy is to invest the monies not immediately required for the primary purpose of the trust, in such investments as may be thought fit.
Reserves Policy
It is the trustees' policy to hold in unrestricted free reserves the equivalent of two months' general running costs (£96,000) together with an additional one month's salary costs (£35,000). The total required reserves of £131,000 at 30 September 2024 compares to £279,093 of 'free reserves' (i.e. net assets less restricted funds, less tangible fixed assets) held at 30 September 2024.
In addition to free reserves, we also hold in cash, sufficient funds to enable the church to meet its known commitments to beneficiaries both in the UK and abroad (i.e. the restricted fund balance of £100,744).
Plans for future periods
As attendance continues to grow and numbers of new people coming to know Jesus increases, we are looking at the possibility of adding in new Sunday services. We continue to seek the Lord about new groups across the town of Bedford with the aim of establishing new worshipping congregations in due course.
Trustees' responsibilities statement
The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.
9
All Nations Church, Bedford
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 September 2024
In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the applicable Charities SORP;
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
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 adequate accounting records that are sufficient to show and explain the charity's transactions and 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 Companies Act 2006. 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.
Auditor
Each of the persons who is a trustee at the date of approval of this report confirms that:
-
so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and
-
they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.
The trustees' annual report and the strategic report were approved on 26 June 2025 and signed on behalf of the board of trustees by:
Paul Dowling Chair of Trustees
10
All Nations Church, Bedford
Company Limited by Guarantee
Independent Auditor's Report to the Members of All Nations Church, Bedford
Year ended 30 September 2024
Opinion
We have audited the financial statements of All Nations Church, Bedford (the 'charity') for the year ended 30 September 2024 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charity's affairs as at 30 September 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
-
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
11
All Nations Church, Bedford
Company Limited by Guarantee
Independent Auditor's Report to the Members of All Nations Church, Bedford (continued)
Year ended 30 September 2024
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
-
the information given in the trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
-
the trustees' report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
-
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
certain disclosures of trustees' remuneration specified by law are not made; or
-
we have not received all the information and explanations we require for our audit.
12
All Nations Church, Bedford
Company Limited by Guarantee
Independent Auditor's Report to the Members of All Nations Church, Bedford (continued)
Year ended 30 September 2024
Responsibilities of trustees
As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We obtained an understanding of the legal and regulatory framework applicable to the charity and how the charity is complying with that framework. We also enquired of management about their own identification and assessment of the risks of irregularities and reviewed the minutes of meetings of those charged with governance. We considered the susceptibility of the financial statements to material misstatement, including how fraud might occur and we obtained an understanding of the charity's current activities, the scope of its authorisation and the effectiveness of its control environment. These procedures are considered to be sufficient to identify material misstatements in respect of irregularities, including fraud, but cannot be relied upon to detect every potential misstatement.
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
-
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.
13
All Nations Church, Bedford
Company Limited by Guarantee
Independent Auditor's Report to the Members of All Nations Church, Bedford (continued)
Year ended 30 September 2024
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
-
Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Use of our report
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.
Andrew Robert Upton (Senior Statutory Auditor)
For and on behalf of Collett Hulance Accountants Limited Chartered Certified Accountants & statutory auditor 40 Kimbolton Road Bedford MK40 2NR
Date:
14
All Nations Church, Bedford
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 30 September 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 434,871 | 68,558 | 503,429 | 474,750 |
| Charitable activities | 6 | 36,195 | 148,622 | 184,817 | 134,180 |
| Investment income | 7 | 2,370 | 599 | 2,969 | 1,749 |
| ───────── | ───────── | ───────── | ───────── | ||
| Total income | 473,436 | 217,779 | 691,215 | 610,679 | |
| ═════════ | ═════════ | ═════════ | ═════════ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 8,9 | 475,967 | 207,977 | 683,944 | 653,220 |
| ───────── | ───────── | ───────── | ───────── | ||
| Total expenditure | 475,967 | 207,977 | 683,944 | 653,220 | |
| ═════════ | ═════════ | ═════════ | ═════════ | ||
| ───────── | ───────── | ───────── | ───────── | ||
| Net income/(expenditure) | (2,531) | 9,802 | 7,271 | (42,541) | |
| ═════════ | ═════════ | ═════════ | ═════════ | ||
| Transfers between funds | (5,018) | 5,018 | – | – | |
| ───────── | ───────── | ───────── | ───────── | ||
| Net movement in funds | (7,549) | 14,820 | 7,271 | (42,541) | |
| Reconciliation of funds | |||||
| Total funds brought forward | 1,861,849 | 85,924 | 1,947,773 | 1,990,314 | |
| ──────────── | ───────── | ──────────── | ──────────── | ||
| Total funds carried forward | 1,854,300 | 100,744 | 1,955,044 | 1,947,773 | |
| ════════════ | ═════════ | ════════════ | ════════════ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 18 to 30 form part of these financial statements.
15
All Nations Church, Bedford
Company Limited by Guarantee
Statement of Financial Position
30 September 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 13 | 1,572,362 | 1,606,663 |
| Current assets | |||
| Debtors | 14 | 12,969 | 38,718 |
| Cash at bank and in hand | 383,186 | 318,919 | |
| ───────── | ───────── | ||
| 396,155 | 357,637 | ||
| Creditors: amounts falling due within one year | 15 | 13,473 | 16,527 |
| ───────── | ───────── | ||
| Net current assets | 382,682 | 341,110 | |
| ──────────── | ──────────── | ||
| Total assets less current liabilities | 1,955,044 | 1,947,773 | |
| ──────────── | ──────────── | ||
| Net assets | 1,955,044 | 1,947,773 | |
| ════════════ | ════════════ | ||
| Funds of the charity | |||
| Restricted funds | 100,744 | 85,924 | |
| Unrestricted funds | 1,854,300 | 1,861,849 | |
| ──────────── | ──────────── | ||
| Total charity funds | 19 | 1,955,044 ════════════ |
1,947,773 ════════════ |
These financial statements were approved by the board of trustees and authorised for issue on 26 June 2025, and are signed on behalf of the board by:
Andrew Ekuban Trustee
The notes on pages 18 to 30 form part of these financial statements.
16
All Nations Church, Bedford
Company Limited by Guarantee
Statement of Cash Flows
Year ended 30 September 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income/(expenditure) | 7,271 | (42,541) |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 32,297 | 47,816 |
| Gains on disposal of tangible fixed assets | (841) | – |
| Government grant income | – | (2,250) |
| Other interest receivable and similar income | (2,969) | (1,749) |
| Accrued expenses/(income) | 274 | (12,247) |
| Changes in: | ||
| Trade and other debtors | 25,749 | (12,875) |
| Trade and other creditors | (768) | (782) |
| ──────── | ──────── | |
| Cash generated from operations | 61,013 | (24,628) |
| Interest received | 2,969 | 1,749 |
| ──────── | ──────── | |
| Net cash from/(used in) operating activities | 63,982 | (22,879) |
| ════════ | ════════ | |
| Cash flows from investing activities | ||
| Purchase of tangible assets | – | (30,000) |
| Proceeds from sale of tangible assets | 2,845 | – |
| ──────── | ──────── | |
| Net cash from/(used in) investing activities | 2,845 | (30,000) |
| ════════ | ════════ | |
| Cash flows from financing activities | ||
| Government grant income | – | 2,250 |
| Payments of finance lease liabilities | (2,560) | (15,360) |
| ──────── | ──────── | |
| Net cash used in financing activities | (2,560) | (13,110) |
| ════════ | ════════ | |
| Net increase/(decrease) in cash and cash equivalents | 64,267 | (65,989) |
| Cash and cash equivalents at beginning of year | 318,919 | 384,908 |
| ───────── | ───────── | |
| Cash and cash equivalents at end of year | 383,186 ═════════ |
318,919 ═════════ |
The notes on pages 18 to 30 form part of these financial statements.
17
All Nations Church, Bedford
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Church Centre, 79 Brickhill Drive, Bedford, MK41 7QF.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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 (FRS 102) (Charities SORP (FRS 102)) (effective 1 January 2019) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Significant judgements
There are no significant judgements (apart from those involving estimations) made by management.
Key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are the rates of depreciation applied to tangible fixed assets. Tangible fixed assets are depreciated at the rates and amounts disclosed in these financial statements and are regarded by management as the most appropriate rates for the relevant categories of assets.
18
All Nations Church, Bedford
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2024
3. Accounting policies (continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
19
All Nations Church, Bedford
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2024
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
- Freehold property - 1%, 2% and 5% per annum on net book value Fixtures and fittings - 5% and 25% per annum on net book value Motor vehicles - 25% per annum on net book value Equipment - 33.33% per annum on net book value
20
All Nations Church, Bedford
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2024
3. Accounting policies (continued)
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.
Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
21
All Nations Church, Bedford
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2024
3. Accounting policies (continued)
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
The church is constituted as a charitable company, limited by guarantee and has no share capital. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charitable company.
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Donations | |||
| Offerings and gifts | 360,664 | 61,345 | 422,009 |
| Income tax recovered on gifts | 74,207 | 7,213 | 81,420 |
22
All Nations Church, Bedford
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2024
5. Donations and legacies (continued)
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Grants | |||
| Government grant income | – | – | – |
| ───────── | ──────── | ───────── | |
| 434,871 | 68,558 | 503,429 | |
| ═════════ | ════════ | ═════════ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Donations | |||
| Offerings and gifts | 342,032 | 59,468 | 401,500 |
| Income tax recovered on gifts | 65,026 | 5,974 | 71,000 |
| Grants | |||
| Government grant income | – | 2,250 | 2,250 |
| ───────── | ──────── | ───────── | |
| 407,058 | 67,692 | 474,750 | |
| ═════════ | ════════ | ═════════ |
Government grant income of £nil in 2024 (2023: £2,250 for staff training).
6. Charitable activities
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Contributions for use of premises | 16,644 | – | 16,644 |
| Income from charitable activities | 19,551 | 148,622 | 168,173 |
| ──────── | ───────── | ───────── | |
| 36,195 | 148,622 | 184,817 | |
| ════════ | ═════════ | ═════════ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Contributions for use of premises | 4,235 | 190 | 4,425 |
| Income from charitable activities | 17,314 | 112,441 | 129,755 |
| ──────── | ───────── | ───────── | |
| 21,549 | 112,631 | 134,180 | |
| ════════ | ═════════ | ═════════ | |
| Investment income | |||
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Investment income - bank interest | 2,370 | 599 | 2,969 |
| ─────── | ──── | ─────── | |
| 2,370 | 599 | 2,969 | |
| ═══════ | ════ | ═══════ |
7. Investment income
23
All Nations Church, Bedford
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2024
7. Investment income (continued)
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Investment income - bank interest | 1,345 | 404 | 1,749 |
| ─────── | ──── | ─────── | |
| 1,345 | 404 | 1,749 | |
| ═══════ | ════ | ═══════ | |
| Expenditure on charitable activities by fund type | |||
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Staff costs | 335,910 | 114,328 | 450,238 |
| Governance and support costs | 45,213 | 20,862 | 66,075 |
| Premises costs | 51,366 | 2,615 | 53,982 |
| Church based mission costs | 28,905 | 30,344 | 59,249 |
| Other mission costs | 14,573 | 39,828 | 54,400 |
| ───────── | ───────── | ───────── | |
| 475,967 | 207,977 | 683,944 | |
| ═════════ | ═════════ | ═════════ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Staff costs | 319,198 | 104,711 | 423,910 |
| Governance and support costs | 40,631 | 6,818 | 47,449 |
| Premises costs | 76,093 | 2,202 | 78,294 |
| Church based mission costs | 15,766 | 33,855 | 49,621 |
| Other mission costs | 7,308 | 46,638 | 53,946 |
| ───────── | ───────── | ───────── | |
| 458,996 | 194,224 | 653,220 | |
| ═════════ | ═════════ | ═════════ |
8. Expenditure on charitable activities by fund type
9. Expenditure on charitable activities by activity type
| Activities | |||
|---|---|---|---|
| undertaken | Total funds | Total fund | |
| directly | 2024 | 2023 | |
| £ | £ | £ | |
| Staff costs | 450,238 | 450,238 | 423,910 |
| Governance and support costs | 66,075 | 66,075 | 47,449 |
| Premises costs | 53,982 | 53,982 | 78,294 |
| Church based mission costs | 59,249 | 59,249 | 49,621 |
| Other mission costs | 54,400 | 54,400 | 53,946 |
| ───────── | ───────── | ───────── | |
| 683,944 | 683,944 | 653,220 | |
| ═════════ | ═════════ | ═════════ |
24
All Nations Church, Bedford
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2024
10. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Depreciation of tangible fixed assets | 32,297 | 47,816 |
| Gains on disposal tangible fixed assets | (841) | – |
| Auditors’ remuneration | 7,380 | 7,080 |
| ════════ | ════════ |
11. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 386,707 | 373,163 |
| Social security costs | 31,208 | 21,393 |
| Employer contributions to pension plans | 30,636 | 28,155 |
| Other employee benefits | 1,687 | 1,199 |
| ───────── | ───────── | |
| 450,238 | 423,910 | |
| ═════════ | ═════════ |
The average head count of employees during the year was 20 (2023: 21). The average number of full-time equivalent employees during the year is analysed as follows:
| 2024 | 2023 | |
|---|---|---|
| No. | No. | |
| Church staff | 11 | 10 |
| Nursery staff | 9 | 11 |
| ──── | ──── | |
| 20 | 21 | |
| ════ | ════ |
No employee received employee benefits of more than £60,000 during the year (2023: nil).
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £153,736 (2023: £153,736).
12. Trustee remuneration and expenses
Key management personnel remuneration includes remuneration paid to 2 trustees under their contracts of employment, in accordance with the provisions of Clause 6 of the Company’s Articles of Association. Remuneration paid to trustees is as follows:
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| Pension | Pension | |||||
| 2024 | Salary | contributions | 2023 | Salary | contributions | |
| £ | £ | £ | £ | |||
| Mr R Green | 46,294 | 8,190 | 46,294 | 8,190 | ||
| Ms C Aladewolu | 22,248 | 2,225 | 22,248 | 2,225 |
During the year, no trustees were reimbursed travel expenses (2023: nil).
25
All Nations Church, Bedford
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2024
13. Tangible fixed assets
| Freehold | Fixtures and |
Motor | |||
|---|---|---|---|---|---|
| property | fittings | vehicles | Equipment | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| At 1 October 2023 | 1,978,565 | 145,945 | 4,250 | 145,094 | 2,273,854 |
| Disposals | – | – | (4,250) | – | (4,250) |
| ──────────── | ───────── | ─────── | ───────── | ──────────── | |
| At 30 September 2024 | 1,978,565 | 145,945 | – | 145,094 | 2,269,604 |
| ════════════ | ═════════ | ═══════ | ═════════ | ════════════ | |
| Depreciation | |||||
| At 1 October 2023 | 416,550 | 117,479 | 1,576 | 131,586 | 667,191 |
| Charge for the year | 23,091 | 2,319 | 670 | 6,217 | 32,297 |
| Disposals | – | – | (2,246) | – | (2,246) |
| ──────────── | ───────── | ─────── | ───────── | ──────────── | |
| At 30 September 2024 | 439,641 | 119,798 | – | 137,803 | 697,242 |
| ════════════ | ═════════ | ═══════ | ═════════ | ════════════ | |
| Carrying amount | |||||
| At 30 September 2024 | 1,538,924 | 26,147 | – | 7,291 | 1,572,362 |
| ════════════ | ═════════ | ═══════ | ═════════ | ════════════ | |
| At 30 September 2023 | 1,562,015 ════════════ |
28,466 ═════════ |
2,674 ═══════ |
13,508 ═════════ |
1,606,663 ════════════ |
The church is the beneficial owner of All Nations Church Centre, the legal title to which is held by the Church's custodian trustee The Baptist Union Corporation.
All Nations Church, Bedford is the owner of 118 Brickhill Drive, Bedford.
Tangible fixed assets held at valuation
The amounts shown for freehold property are based upon valuations made on 4 November 1993 for insurance purposes and subsequent additions at cost.
Under the transitional provisions of Financial Reporting Standard 15, the Church retained the valuation at 4 November 1993 and opted to depreciate buildings, rather than a policy of regular revaluation. Under the transitional provisions of FRS 102 the Church has continued to retain and depreciate the 1993 valuation.
26
All Nations Church, Bedford
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2024
13. Tangible fixed assets (continued)
In respect of tangible fixed assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
| the historical cost model are as follows: | |
|---|---|
| Freehold | |
| property | |
| £ | |
| At 30 September 2024 | |
| Aggregate cost | 487,222 |
| Aggregate depreciation | – |
| ──────────── | |
| Carrying value | 487,222 |
| ════════════ | |
| At 30 September 2023 | |
| Aggregate cost | 487,222 |
| Aggregate depreciation | – |
| ───────── | |
| Carrying value | 487,222 ═════════ |
Finance leases and hire purchase contracts
Included within the carrying value of tangible fixed assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
| assets held under finance leases or hire purchase agreements: | |||
|---|---|---|---|
| Equipment | |||
| £ | |||
| At 30 September 2024 | – | ||
| ════ | |||
| At 30 September 2023 | 2,560 | ||
| ═══════ | |||
| 14. | Debtors | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Prepayments and accrued income | 2,689 | 7,623 | |
| Other debtors | 10,280 | 31,095 | |
| ──────── | ──────── | ||
| 12,969 | 38,718 | ||
| ════════ | ════════ | ||
| 15. | Creditors: amounts falling due within one year | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Accruals and deferred income | 8,145 | 7,871 | |
| Social security and other taxes | 5,328 | 6,096 | |
| Obligations under finance leases and hire purchase contracts | – | 2,560 | |
| ──────── | ──────── | ||
| 13,473 | 16,527 | ||
| ════════ | ════════ |
Obligations under finance leases and hire purchase contracts are secured on the assets acquired.
27
All Nations Church, Bedford
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2024
16. Finance leases and hire purchase contracts
The total future minimum lease payments under finance leases and hire purchase contracts are as follows:
| as follows: | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Not later than | 1 | year | – ════ |
2,560 ═══════ |
17. Pensions and other post-retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £30,636 (2023: £28,155).
18. Government grants
The amounts recognised in the financial statements for government grants are as follows:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Recognised in income from donations and legacies: | ||
| Government grants income | – ════ |
2,250 ═══════ |
19. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 October | 30 September | ||||
| 2023 | Income | Expenditure | Transfers | 2024 | |
| £ | £ | £ | £ | £ | |
| General funds | 190,644 | 470,695 | (444,512) | (2,173) | 214,654 |
| Capital fund | 1,579,163 | – | (31,455) | 24,654 | 1,572,362 |
| Designated fund | 92,042 | 2,741 | – | (27,499) | 67,284 |
| ──────────── | ───────── | ───────── | ──────── | ──────────── | |
| 1,861,849 | 473,436 | (475,967) | (5,018) | 1,854,300 | |
| ════════════ | ═════════ | ═════════ | ════════ | ════════════ | |
| At | At | ||||
| 1 October | 30 September | ||||
| 2022 | Income | Expenditure | Transfers | 2023 | |
| £ | £ | £ | £ | £ | |
| General funds | 181,475 | 427,384 | (413,680) | (4,535) | 190,644 |
| Capital fund | 1,624,479 | – | (45,316) | – | 1,579,163 |
| Designated fund | 89,474 | 2,568 | – | – | 92,042 |
| ──────────── | ───────── | ───────── | ─────── | ──────────── | |
| 1,895,428 | 429,952 | (458,996) | (4,535) | 1,861,849 | |
| ════════════ | ═════════ | ═════════ | ═══════ | ════════════ |
28
All Nations Church, Bedford
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2024
19. Analysis of charitable funds (continued)
Unrestricted fund are the 'free reserves' after allowing for the restricted and designated funds.
Capital fund is an unrestricted fund which recognises the value of fixed assets held and not therefore freely available to be expended.
Designated fund comprises a 'future fund' which is set aside by the trustees for activities relating to the growth of the church.
Restricted funds are subject to restrictions on their expenditure imposed by the donor or through the terms of an appeal. Restricted funds include the Pre-School and other funds as described below.
Restricted funds
| Restricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 October | 30 September | ||||
| 2023 | Income | Expenditure | Transfers | 2024 | |
| £ | £ | £ | £ | £ | |
| Pregnancy counselling | – | 4,656 | (9,595) | 5,018 | 79 |
| All Nations Pre-School | 61,173 | 149,135 | (144,751) | – | 65,557 |
| Appeals | 2,268 | 4,727 | (9) | (2,268) | 4,718 |
| Christmas in a box | 1,796 | 4,616 | (2,313) | – | 4,099 |
| Compassion | 15,343 | 306 | (939) | – | 14,710 |
| Malawi widows and | |||||
| orphans | 2,837 | 28,012 | (29,457) | 2,268 | 3,660 |
| Education Africa | 2,507 | 8,756 | (7,120) | – | 4,143 |
| Christmas appeal | – | 17,371 | (13,793) | – | 3,578 |
| Youth | – | 200 | – | – | 200 |
| ──────── | ───────── | ───────── | ─────── | ───────── | |
| 85,924 | 217,779 | (207,977) | 5,018 | 100,744 | |
| ════════ | ═════════ | ═════════ | ═══════ | ═════════ | |
| At | At | ||||
| 1 October | 30 September | ||||
| 2022 | Income | Expenditure | Transfers | 2023 | |
| £ | £ | £ | £ | £ | |
| Pregnancy counselling | – | 4,715 | (8,369) | 3,654 | – |
| All Nations Pre-School | 66,339 | 114,970 | (120,136) | – | 61,173 |
| Appeals | – | 29,874 | (27,606) | – | 2,268 |
| Christmas in a box | 5,081 | 1,975 | (5,260) | – | 1,796 |
| Compassion | 15,034 | 1,083 | (774) | – | 15,343 |
| Malawi widows and | |||||
| orphans | 3,645 | 9,365 | (10,173) | – | 2,837 |
| Education Africa | 4,787 | 6,580 | (8,860) | – | 2,507 |
| Christmas appeal | – | 12,165 | (13,046) | 881 | – |
| Youth | – | – | – | – | – |
| ──────── | ───────── | ───────── | ─────── | ──────── | |
| 94,886 | 180,727 | (194,224) | 4,535 | 85,924 | |
| ════════ | ═════════ | ═════════ | ═══════ | ════════ |
29
All Nations Church, Bedford
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2024
20. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Tangible fixed assets | 1,572,362 | – | 1,572,362 |
| Current assets | 295,411 | 100,744 | 396,155 |
| Creditors less than 1 year | (13,473) | – | (13,473) |
| ──────────── | ───────── | ──────────── | |
| Net assets | 1,854,300 | 100,744 | 1,955,044 |
| ════════════ | ═════════ | ════════════ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Tangible fixed assets | 1,606,663 | – | 1,606,663 |
| Current assets | 271,713 | 85,924 | 357,637 |
| Creditors less than 1 year | (16,527) | – | (16,527) |
| ──────────── | ──────── | ──────────── | |
| Net assets | 1,861,849 | 85,924 | 1,947,773 |
| ════════════ | ════════ | ════════════ | |
| Analysis of changes in net debt | |||
| At | |||
| At 1 Oct 2023 | Cash flows | 30 Sep 2024 | |
| £ | £ | £ | |
| Cash at bank and in hand | 318,919 | 64,267 | 383,186 |
| Debt due within one year | (2,560) | 2,560 | – |
| ───────── | ──────── | ───────── | |
| 316,359 | 66,827 | 383,186 | |
| ═════════ | ════════ | ═════════ |
21. Analysis of changes in net debt
22. Related parties
Trustee donations to the church amounted to £45,680 (2023: £35,342).
30
26th June 2025 Collett Hulance Our Ref: ARUIMPRt7493 CHARTERED CERT1FIEDAGGOUNTAT5 40 Kimbolton Troad, Bedford. MK40 2NR T.. 01234 340034 F.. 01234 212640 E.. post@colletthulance.co.uk www.colletthulance.co.uk Private and Confidential FAO.. The Trustees All Nations Church, Bedford 79 Brickhill Drive Bedford MK417QF Dear Sirs Flnanclal statements ear ended 30 S8 tember 2024 Following the Completion of our audit fieldwork, we are writing to advise you of matters that have come to our attention of which you should be made aware. We should be grateful for your response to the matters set out below.. (a) Expected modlflcations to the auditor's report There are no expected modifications to the auditor's report. (b) Unadjusted misstatements There are no unadjusted misstatements to bring to your attention. Icl Discovery of material error No such errors were noted during the course of the audit. (d) Other audit journals Attached to this letter is a list of the joumal adjustments arising from our work. Please indicate your acceptance of those adjustments by signing the statement at the foot of the journal schedule and return to us. The purpose of Ihis information is to assist you to fulfil your governan responsibilities, including reviewing the effectiveness of the system of internal control. le) Significant difflcultiès, if any. encountsred during the audit. No such mattets arising. (fj Significant matters, if any, arising from the audit that were discussed, or subject to correspondence with management No such matters arising. Continued D1wto.' RU tonFC A Bottomley ACA FCCA CT JHillA Associate Director. A Dagg FC Consultonts.. Richo t3 Hula5 Is ol Colley HulanCeAccotQnIS milO 141ste EngIaTrQWalos no 13304334 Peo1$1èied Kim110Th ?N rie91s os auQittys rowof InSImn[bLInS Wtivlll& IThtt Kiry(Jom CethIdAC£athTh1s
lg) Related party issues No such issues arose during the course of the audit. (hl Potential effect on the financial statements of material risks and exposures that are required to be disclosed No material risk or exposures identtfied. li} Significant deficlencles In the accountlng and other Internal control systems idenllfled during the audit No significant or material deficiencies or weaknesses in the company's accounting or intemal control systems were identrfied during the course of the audit. This does not constitute a comprehensive statement of all weaknesses that may exist or of all improvements that could be made. The audit included consideration of internal control relevant to the preparation of the financial statements in order to design appropriate audrt procedures but not for the purpose of expressing an opinion on the effectiveness of intemal control. Had we perfoThed more extensive procedures on intemal control, we might have identffied deficiencies to be reported. (i) Qualitalive aspects of the company's accounting practicos and financial reporting No fvrther issues to note. (k) Suspicion or discovery of fraud There are no issues arising. {1) Non4ompliance with law or regulations There are no issues arising. {m) Material uncertainties that may cast doubt on the entity's abillty to contlnue as a golng oncern No such uncertainties appear to exist. {n) Independence issues There are no audf(or independence issues relating to this assignment. Yours faithfulty Collott Hulance