OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

Beeston Free Church Nottingham Trustees Annual Report and Financial Statements April 2022 - March 2023

Beeston Free Church Nottingham

Registered Charity Number 1160335

1

Overview

The Trustees present their annual report and financial statements of the charity for the year ended 31 March 2023. It contains the following items:

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 102.

Reference and administrative details

Charity Name: Beeston Free Church Nottingham

Registered Charity Number: 1160335 Charity’s principal address: Salthouse Lane, Beeston, Nottingham, NG9 2FY

Names of the trustees who manage the charity and their dates of appointments or resignation if not serving for the full reporting period:

George Hawkins Jonathan Chambers Chair of elders Retired July 2022 Rebecca Thomas Church Secretary Stuart Barlow Chair of trustees David Bish Daniel Goddard Chair of Employment Committee Matthew Roberts Robert Goodwin David Arrowsmith Treasurer Crian Wilson Peter Andrews Richard Graham Barbara Graham Chris Pinnington Andy Grundy Chair of elders Matthew Priestland Appointed July 2022

Beeston Free Church Nottingham

Registered Charity Number 1160335

2

Names and addresses of advisers:

Accountant: Wyatt & Co, 125 Main Street, Garforth, Leeds, LS25 1AF

Bankers :

CAF Bank, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4TA

Kingdom Bank, Media House, Padge Road, Beeston, Nottingham NG9 2RS Nationwide Building Society, Kings Park Road, Moulton Park, Northampton, NN3 6NW Hampshire Trust Bank, PO Box 74003, London, EC2P 2QR

United Trust Bank, 1 Ropemaker Street, London, EC2Y 9AW

Legal : Edward Connor, 10 The Point, Market Harborough, LE16 7QU

Names of senior staff members:

George Hawkins is the Senior Minister and leads the elders and the staff team.

Becky Thomas is the Operations Manager with day to day responsibility for compliance matters.

People

David Arrowsmith is the church’s treasurer. His role has included the supervision and oversight of the work of the operations manager and finance officer relating to financial reporting and management. The trustees are very grateful to David for his work in this area.

Laura Perbet served one day per week as a Biblical Counselling intern until August 2022, training with BCUK alongside meeting with individuals. The trustees are very grateful to Laura for her work in this area. Since September 2022 Laura has been seconded to Beeston Free from Rylands Community Church for 1 day per week to offer training and Biblical Counselling

James Thomas served one day per week as the church’s Children’s Work Coordinator, supporting leaders, organising training and events and developing new areas of work until December 2022. The trustees are very grateful to James for his work in this area.

Crian Wilson serves as a maintenance volunteer, overseeing the maintenance and repairs to the church building. The trustees are very grateful to Crian for his work in this area.

Structure, governance and management

Beeston Free Church Nottingham is a Charitable Incorporated Organisation (CIO) registered in February 2015.

The church is governed by a Constitution and Rules. The church is a member of the Fellowship of Independent Evangelical Churches (FIEC) and the Midlands Gospel Partnership, but is fully independent in governance.

Church membership

Church membership is open to Christians who are willing to be in active partnership with the church in the work of the gospel. At the year-end church membership stood at 247. The church members meet regularly to conduct business meetings.

Beeston Free Church Nottingham

Registered Charity Number 1160335

3

Organisational structure

The church membership elects, from its number, individuals to serve as church officers, who form the trustee body. These officers are Elders, Deacons, a Church Secretary and a Treasurer. The elders and deacons are appointed for a term of three years, which can be renewed for a further three years before a period of at least a year must pass before the individual becomes eligible to stand again. The secretary and treasurer are appointed annually by the church members.

All trustees receive an induction on appointment and ongoing training is provided for all trustees at least annually.

The trustees meet at least four times each year and have overall responsibility for the operation and leadership of the church. The trustees draw up policies and procedures within which they and the staff operate and make decisions. The trustees delegate much of the day to day responsibilities to the church staff team. The delegation of responsibilities to committees is reviewed annually.

The Elders are responsible for doctrinal integrity, policy and strategy and meet regularly to discuss these matters, together with a number of responsibilities delegated to them by the trustees including membership and the appointment of officers. 4 sub-committees of trustees meet regularly, with responsibility delegated by the trustees for Employment, Property and Health and Safety, Compliance and Finance.

The Employment Committee, which does not include paid / connected members of the trustees, considers all matters related to employment and other areas where paid or connected trustees may have a conflict of interests. They are responsible for setting staff remuneration and pay, which is linked to external pay scales, with reference to the Remuneration policy.

Staff

The church employs a number of staff; during the year the staff team has been:

Trainee scheme

During the year a number of ministry trainees have been employed. The trainees are involved in a wide range of ministry and practical tasks around the church, alongside receiving theological training at the Midland Ministry Training Course, run by the Midlands Gospel Partnership. In the 2021-22 academic year Nat Kane, Luke J. Smith and Cat Fairbrother served as trainees. In the 2022-23 academic year Joel Brown, Sarah Clarke and Matthew James are serving as trainees.

Objectives and Activities

Beeston Free Church Nottingham is situated in south–west Nottingham just a few hundred metres away from the University of Nottingham campus and close to University Hospital Nottingham. The church is a large community-based church which is focused on serving all ages. The church is a member of the Fellowship of Independent Evangelical Churches and has adopted the FIEC’s Basis of Faith as the theological basis of its work.

Beeston Free Church Nottingham

Registered Charity Number 1160335

4

The activities of the church involve the promotion of our beliefs and reaching out to our community and beyond, providing care and sharing our faith. The trustees of Beeston Free Church Nottingham confirm they have had regard for the Charity Commission’s guidance on public benefit and believe they have met the legal requirement of S17 of the Charities Act 2011.

Objectives

The charitable objectives are:-

Aims

Our vision: Glorifying God through lives transformed by the gospel

Our values: Loving God, loving the gospel, loving the church

Our mission: We are involved in Christian ministries with a local, national and international focus.

Activities that further the Charity's objectives

Use of the Church Building

The church building on Salthouse Lane, Beeston is used in a wide variety of ways to support the work of the church, with members of the community welcomed into the building for many of the activities.

Sundays

On Sundays the congregations at each of the worship services, which include music, singing, praying and preaching, have continued to grow; activities for children also take place alongside the service. Services have continued to be streamed online for those unable to attend in person.

From time to time special events make full use of the church building for both meetings and meals.

In addition, on Sunday evenings, a group for students meets for food, Bible study and reflection.

Weekdays

The church is in use almost every morning and evening, for activities including:

Many other events take place in the church building throughout the year including holiday activities for the retired and for children, courses about subjects such as money management and the Christian faith, social evenings with food and speakers, conferences and special events for Christmas.

A number of events were hosted to support churches and Christian organisations locally, regionally and nationally.

Beeston Free Church Nottingham

Registered Charity Number 1160335

5

Raising Awareness and understanding our faith

Communicating our faith is a key part of our activities as a church. Many of our activities seek to provide opportunities for those in the local community and beyond to hear the gospel and build the faith of those who believe. At the centre of all we do as a church is the teaching of the Bible and encouragement of faith in Jesus.

Some of the ways this has been done over the past year include:-

Sunday services: services take place each Sunday, at 9:15am, 11:15am and 6:30pm. Alongside the morning services, groups for children aged 0-14 meet.

Each week a number of Bible study groups meet, in the church building and in local homes.

Weekly activities for children and young people aged 0-18, from the church and the local community, provide care, teaching and fun activities.

Throughout the year groups meet together to work through courses such as Christianity Explored to help explain our faith to those who are interested.

Encouraging Mission and Outreach

Beeston Free Church Nottingham remains committed to being outwardly focused, sharing our faith within the local community, more broadly in the UK and through supporting international mission.

Outreach events are held throughout the year, both in the church building and elsewhere in the local area, to which the congregation are encouraged to invite friends and family; this has included social evenings, a summer holiday club for children, a holiday activities day for the retired and special Christmas services.

Work amongst internationals, particularly students from the University of Nottingham, is a large part of the work of the church. A variety of groups and activities for international students and their families meet in the church building each week; day trips and weekends away are also organised regularly.

We continue to support a number of mission partners and associates, working in the UK and internationally and have established relationships with a number of mission organisations including UFM, AIM and SIM.

Grant making

One of the ways in which the church fulfils its charitable purposes is through the making of grants to projects which seek to advance the Christian faith within local communities and across the world. The trustees are committed to carrying out due diligence to ensure that funds are applied in accordance with the charity’s charitable purposes and funds are not knowingly used for money laundering, terrorist financing or bribery. Grant agreements are in place with all individuals and organisations, setting out the level of support and review periods.

Volunteers

The large number of volunteers within the church help in every aspect of the church’s work. The majority of our members and many of the congregation partner together in our ministries and in practical ways. The members and congregation of the church give in excess of 300 volunteer hours each week and the trustees recognise that without this the majority of the church’s activities could not take place.

Beeston Free Church Nottingham

Registered Charity Number 1160335

6

Achievements and performance

The church has continued its programme of regular services and Bible teaching on a Sunday along with a number of support activities during the week.

The church supports a number of local, national and international initiatives to care for those in need and to advance the Christian faith.

This year, the staff team has remained relatively stable with no new appointments to the senior staff. As is normally the case, new trainees began work in September.

Progress on the planned gospel growth initiatives was slowed by the pandemic in a number areas but the trustees remain committed to these areas and some significant progress has been made in the last year.

The initiatives are:

A survey of the congregation was completed in February 2023 to enable the church leaders to better understand the demographics and size of the congregation; this data will be used to plan for future development, including the possibility of additional services.

A number of community ministries continue to grow and develop, including a group for under 5s and their carers and events for international students and their families.

Leaders have been identified to lead a new church plant and work continues to investigate possible locations.

Training roles continue, seeking to prepare individuals to serve in gospel work.

Further grants have been made to support national mission work, including a grant to a church in the north west and ongoing support for a number of organisations working to promote national mission.

Our ongoing partnership with Rylands Community Church and other FIEC churches in Nottingham enables us to work together and share resources in our local area.

Support, both financial and pastoral, for existing mission partners continues.

Work is underway to plan the second, and final, phase of work on the church building providing additional space and improved facilities.

Beeston Free Church Nottingham

Registered Charity Number 1160335

7

Financial review

Analysis of income

The income of the church is primarily donations from church members and those associated with the church with a small amount (£2k) from other charities and some (£15k) from activities of the church such as weekends away, conferences and book sales.

Donations to the general fund were £364k, a small increase on the previous year. (2022/23 £364k, 2021/22 £360k).

Total income to the general fund was £381k and a total of £49k was transferred into the general fund from restricted funds.

Analysis of Expenditure

Total costs to the general fund were £457K, an increase on previous year. (2022/2023 £457, 2021/22 £416k).

In the financial year 2022-23 there was a deficit of £26k to the general fund.

Reserves

The trustees set an agreed budget each financial year. The operations manager has authority, with relevant consultation with the Treasurer, to work within this budget. Any expenditure outside the budget must be brought before the trustees.

The trustees plan to hold the equivalent of two - three months funds in reserve in cash at the bank and in interest bearing deposit accounts.

The trustees manage the finances of the church to ensure that the financial support of the members and other givers is used to further the charitable purposes of the church. Where the reserves of the church rise about the targeted level the trustees will take action to use the surplus in connection with those purposes. If the trustees know of future costs that justify higher than the policy level of reserves these will be explained in the management accounts, the year end report, and will be reported to the church meeting.

At the end of the 2023-24 financial year the general fund reserve fund stood at £230k (includes £10k of fixed assets). This is 4.6 months cover for the general fund expenses (of £50k per month).

Budget 2023-2024

The budget for 2023-2024 was approved by members at the March 2023 church members meeting.

Income to the general fund for 2023/24 is forecast to be £432k. This comprises donations of £384k, transfers from other funds of £35k and other income of £13k.

Spending from the general fund for 2023/24 is forecast to be £497k. This comprises of: staff costs of £335k, International and UK mission costs of £59k, Ministry of Beeston costs of £23k, Property and utilities costs of £35k, administration and repair costs of £17k property development costs of £4k and other costs of £24k.

Spending will exceed income by £64k.

Beeston Free Church Nottingham

Registered Charity Number 1160335

8

Investment Policy

No long term investments are held by the church as the trustees believe the church’s ongoing giving and income is very stable and the trustees consider that it would be possible to take fundraising or cost saving action in good time should it be necessary. A forward financial forecast for the coming 3 years helps trustees make appropriate decisions.

The church’s reserves are held in interest bearing instant access or short notice deposit accounts with reputable financial institutions.

Fundraising

The church is dependent on donations from its members and wider congregation; information is shared with members on a regular basis about the financial position of the church enabling givers to make informed decisions about future giving.

Appeals for donations are not made in public meetings and no external fundraisers are used.

Risks and uncertainties

The church, and its trustees, are potentially at risk from a number of sources. These risks are managed so as not to expose them to undue risk and trustees are kept informed so that they are able to deal with any situations that may arise. Risks are assessed and mitigated against on an ongoing basis. The annual risk analysis was completed in February 2023.

The future

In the coming year the trustees and members of the church have agreed a deficit budget, planning to reduce the excess reserves to the targeted level by funding activities which enable the purposes of the charity to be fulfilled.

The planning and preparation for the second part of the project to refurbish the building will require significant time in the coming year and finances will need to be raised to meet an aspiration to begin the works at the beginning of 2024. The aim of this project is refurbish the main hall to ensure it is fit for purpose for the years ahead.

The church leadership will also be focusing on church planting, that is establishing new churches. Work in the coming year will particularly be around suitable locations.

Beeston Free Church Nottingham

Registered Charity Number 1160335

9

Independent Examiner's Report to the Trustees of Beeston Free Church Nottingham (‘the CIO’) For the Year Ended 31 March 2023

I report to the Charity Trustees on my examination of the accounts of the CIO for the year ended 31 March 2023.

Responsibilities and Basis of Report

As the Charity Trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the CIO’s accounts carried out under Section 145 of the Act. In carrying out my examination I have followed all applicable directions givens by the Charity Commission under Section 145(5)(b) of the 2011 Act.

Independent Examiner’s Statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. Accounting records were not kept as required by Section 130 of the Act; or

  2. The accounts do not accord with those records.

  3. The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

I confirm that there are no matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

………………………………..................................................……

----- Start of picture text -----
03/07/2023
----- End of picture text -----

Dated ……....………………………

Nigel Wyatt B.Sc FCA

Beeston Free Church Nottingham

Registered Charity Number 1160335

10

Statement of Financial Activities For the Year Ended 31 March 2023

Note Unrestricted Restricted Total Unrestricted Restricted Total Total
Funds Funds Funds Funds Funds Funds
2022/23 2022/23 2022/23 2021/22 2021/22 2021/22
£ £ £ £ £ £
Income
Donations 3
and Legacies 364,474 92,806 457,280 360,276 158,618 518,894
Activities for
Generating Funds - - - - - -
Investment Income 1,850 - 1,850 556 - 556
Charitable Activities 4 15,141 1,289 16,430 11,654 872 12,526
Total Income 381,465 94,095 475,560 372,486 159,490 531,976
Expenditure
Charitable Activities
Operation of Beeston 5
Free Church
Nottingham and
delivery of Mission
Costs 457,134 7,340 464,474 416,028 129,381 545,409
Cost of Raising - -
Funds - - - -
Total Expenditure 457,134 7,340 464,474 416,028 129,381 545,409
Net Income/
(Expenditure) (75,669) 86,755 (11,086) (43,542) 30,109 (13,433)
Transfer Between 15
Funds 49,346 (49,346) - 19,520 (19,520) -
Net Movement in
Funds (26,323) 37,409 (11,086) (24,022) 10,589 (13,433)
Reconciliation of
Funds
Total Funds Brought
Forward 256,890 1,253,363 1,510,253 280,912 1,242,774 1,523,686
Total Funds Carried 15
Forward 230,567 1,290,772 1,521,339 256,890 1,253,363 1,510,253

Beeston Free Church Nottingham

Registered Charity Number 1160335

11

Balance Sheet As at 31 March 2023

Note
Fixed Assets
12
Tangible Assets
Total Fixed Assets
Current Assets
Cash at bank and in hand
Debtors
13
Total Current Assets
Liabilities
Creditors falling due within 1
year
14
Net Current Assets
Total Assets less current
liabilities
Creditors: Amounts falling due
after more than one year
14
Net Assets
The Funds of the Charity
Unrestricted
Restricted
Total Charity Funds
15		 Unrestricted
Funds
£
10,021
10,021
220,423
8,756
229,179
8,633
220,546
-
230,567		 Restricted
Funds
£
1,187,093
1,187,093
103,215
1,547
104,762
1,083
103,679
-
1,290,772		 Total Funds
2022/23
£
1,197,114
1,197,114
323,638
10,303
333,941
9,716
324,225
-
1,521,339
230,567
1,290,772
1,521,339		 Total Funds
2021/22
£
1,198,785		 Total Funds
2021/22
£
1,198,785
1,198,785
300,078
25,764
325,842
14,374
311,468
-
1,510,253
256,890
1,253,363
1,510,253

The notes on pages 14 to 25 form part of these accounts

Approved by the trustees on 19 June 2023 and signed on their behalf by:-

……………………………………………………… Chair

Stuart Barlow

……………………………………………………… Treasurer

David Arrowsmith

Beeston Free Church Nottingham

Registered Charity Number 1160335

12

Cash Flow Statement as at 31 March 2023

Net Cash Flow from Operating Activities
Returns on Investments:
Interest Received
Capital Expenditure and Financial Investments:
Purchase of Tangible Fixed Assets
Disposal of Fixed Assets
Net Cash Inflow/(Outflow)
Increase/(Decrease) in Cash in the Year
Net Cash Resources at 1 April 2022
Net Cash Resources at 31 March 2023		 Notes
23		 2022/23
£
23,822
1,850
25,672
(2,112)
-
23,560
23,560
300,078
323,638		 2021/22
£
(40,229)
556
(39,673)
(13,483)
3,529
(49,627)
(49,627)
349,705
300,078

Beeston Free Church Nottingham

Registered Charity Number 1160335

13

Notes to the Accounts For the Year Ended 31 March 2023

1. Basis of Accounting and going concern

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities Financial Reporting Standards applicable in the UK and Republic of Ireland (Charities SORP 2019 FRS 102) and the Charities Act 2011. The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The Charity meets the definition of a public benefit entity under FRS102

2. Accounting Policies

a) Incoming Resources:

Recognition of Incoming Income from donations or grants is recognised when there is evidence of entitlement to
Resources the gift, receipt is probable and its amount can be measured reliably.
Incoming Resources with Where incoming resources have related expenditure (as with fundraising or contract
Related Expenditure income) the incoming resources and related expenditure are reported gross in the SoFA.
Grants and Donations Grants and donations are only included in the SoFA when the charity has unconditional
entitlement to the resources.
Legacy income Legacy income is recognised when receipt is probable and entitlement is established.
Tax Reclaims on Donations and Gift aid receivable is included in income where there is a valid declaration from the
Gifts donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift
and is treated as an addition to the same fund as the initial donation unless the donor or
terms of the appeal have specified otherwise.
Contractual Income and Income from contracts for the supply of services is recognised with the delivery of the
Performance Related Grants 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.
Gifts in Kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or
the amount actually realised. Gifts in kind for sale or distribution are included in the
accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by
the charity are included in the SoFA as incoming resources when receivable.
Donated Services and Facilities 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.
Volunteer Help The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
Investment Income This is included in the accounts when receivable.
Investment Gains and Losses This includes any gain or loss on the sale of investments and any gain or loss resulting
from revaluing investments to market value at the end of the year.

Beeston Free Church Nottingham

Registered Charity Number 1160335

14

Notes to the Accounts For the Year ended 31 March 2023 (continued)

Notes to the Accounts
For the Year ended 31 March 2023 (continued)
b) Expenditure and Liabilities
Liability Recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing
the charity to pay out resources.
Grants The grants given by the charity are voluntary payments made by the charity to further the
purpose of the charity by grant making to either a person or an institution. Grant payments
may be made to fund the general purposes of, or for a specific purpose of, for example
funding a particular activity or service.
The costs are shown within the charitable activities and details are given within the notes
to the accounts.
Grants with Performance Where the charity gives a grant with conditions for its payment being a specific level of
Conditions service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
Grants Payable without These are only recognised in the accounts when a commitment has been made and there
Performance Conditions are no conditions to be met relating to the grant which remain in the control of the charity.
Irrecoverable VAT Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
Funds Received as Agent These amounts are shown with note 7 and do not form part of the charity income.
Amounts are collected on behalf of other charities and passed over to them entirely. These
are short term projects, on which gift aid tax relief is not claimed by Beeston Free Church
Nottingham. (In line with the Charities SORP section 19.)
Fund Accounting Unrestricted funds can be used in accordance with the charitable objects at the discretion
of the trustees.
Restricted funds can only be used for the particular restricted purposes within the objects
of the charity. Restrictions arise when specified by the donor or when the funds are raised
for a particular purpose.
c) Assets
Tangible Fixed Assets for use These are capitalised if they can be used for more than one year, and cost at least £500.
by the Charity They are valued at cost or a reasonable value on receipt. The rates of depreciation charges
are: Freehold land and building SL 0% per annum, fixtures, fittings and equipment SL
10% per annum, electronic and audio visual equipment SL 25% per annum. The buildings
are not depreciated due to the nature of the buildings and depreciation being immaterial
to the accounts based on an unknown lifespan of the buildings.
d) Pension Costs The charity operates a defined contribution pension scheme. Contributions payable to the
charity’s scheme are charged to the statement of financial activities in the period to which
they relate.
e) Holiday Pay / Sabbatical Provision is made within the accounts to include a liability as incurred for holiday pay.
Leave
From time to time sabbatical leave is taken by employees but		 this is at the discretion of
the trustees and is not a contractual obligation.
f) Lease Commitment Lease payments are charged to the statement of financial activities as incurred.
g) Debtors Debtors are recognised at the settlement amount owed to the charity or prepaid.
h) Creditors Creditors and provisions are recognised where the charity has a present obligation,
resulting from a past event that will probably result in the transfer of funds to a third party,
and the amount due to settle the obligation can be measured or estimated reliably–
creditors and provisions are normally recognised at the settlement amount

Beeston Free Church Nottingham

Registered Charity Number 1160335

15

Notes to the Accounts

For the Year ended 31 March 2023 (continued)

i) Financial Instruments

j) Judgement and Key Sources of Estimation Uncertainty

The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at this settlement value

The preparation of accounts using the generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the accounts and the reported amounts of revenues and expenses during the reporting period. The key estimates and assumptions used in the financial statements are detailed in the accounting policies.

Beeston Free Church Nottingham

Registered Charity Number 1160335

16

Notes to the Accounts For the Year ended 31 March 2023 (continued)

3. Donations and Legacies
Donations & Gift aid
Other Grants (note 11b) and Gifts
Legacies
4. Charitable Activities - Income
Operation of Beeston Free Church Nottingham
and delivery of mission costs
Sales & Events
Under 5’s Income
Alta
Total Tuesdays
5. Charitable Activities - Expenses
Total Staff Costs (note 7 & 9)
International and UK Mission (note 11a)
Ministry of Beeston
Property and Utilities
Administration
Compliance and Membership
Sales and Events
Finance Depreciation and Miscellaneous
Loss on disposal of fixed assets
Support / Governance Costs (note 7)		 Unrestricted
361,538
2,936
-
364,474
15,141
-
-
-
15,141
280,970
57,006
17,062
21,121
14,293
3,492
14,625
3,859
-
44,706
457,134		 Restricted
79,806
13,000
-
92,806
-
225
566
498
1,289
-
3,164
3,093
1,083
-
-
-
-
-
-
7,340		 Total
2022/23
441,344
15,936
-
457,280
15,141
225
566
498
16,430
280,970
60,170
20,155
22,204
14,293
3,492
14,625
3,859
-
44,706
464,474		 Total
2021/22
498,305
3,805
16,784
518,894
11,673
236
307
310
12,526
281,743
118,538
17,080
20,422
21,630
4,045
11,525
32,841
-
37,585
545,409

Beeston Free Church Nottingham

Registered Charity Number 1160335

17

Notes to the Accounts For the Year ended 31 March 2023 (continued)

6. Funds received as agent

Description
Related
party
AWM
No
Pricilla Project
No
TLG
No
UFM
No
Total		 Amount received
2022/23
£
2021/22
£
-
500
-
50
-
430
-
100		 Amount received
2022/23
£
2021/22
£
-
500
-
50
-
430
-
100		 Amount paid out
2022/23
£
2021/22
£
-
500
-
50
-
430
-
100		 Amount paid out
2022/23
£
2021/22
£
-
500
-
50
-
430
-
100		 Balance held at
period end
2022/23
£
2021/22
£
-
-
-
-
-
-
-
-		 Balance held at
period end
2022/23
£
2021/22
£
-
-
-
-
-
-
-
-
- 1,080 - 1,080 - -

7. Analysis of Governance and Support Costs held within Charitable Activities

The charity initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Governance costs and other support costs are apportioned separately between the charitable activities undertaken (see note 6) in the year. Refer to the table below for the basis of apportionment and the analysis of support and governance costs

Salaries, Wages and Related
Costs
Administration
Statutory Fees (note 8)
Legal and Other Professional
Fees
Total		 Charitable
Activities
£
251,158
29,812
-
-		 Support/
Governance
Function
£
10,628
32,447
1,560
71		 Support/
Governance
Function
£
10,628
32,447
1,560
71		 Total
2022/23
Total
2021/22
Basis of
Apportionment
£
£
261,786
264,707
Allocated on time
62,259
51,181
Allocated on time
1,560
1,380
Governance
71
2,060
Governance
325,676
319,328		 Basis of
Apportionment
280,970 44,706

8. Statutory Fees

In 2023 an Independent Examination was undertaken for a fee of £1,560 (£1,380 in 2022).

Beeston Free Church Nottingham

Registered Charity Number 1160335

18

Notes to the Accounts For the Year ended 31 March 2023 (continued)

9. Analysis of Staff Costs

a) Staff Costs

Gross Wages & Salaries
Employers National Insurance Costs
Pension Costs (note 10)
All other staff related Costs
Total Staff Costs
Allocation of Staff Costs:-
Charitable Activities
Administration
b) Number of Employees at the Year end
Ministry
Management
Administration
Trainees
Total		 2022/23
£
248,180
17,171
35,622
23,072
324,045
261,786
62,259
324,045
2022/23
5
1
2
3
11		 2021/22
£
245,180
15,949
33,798
20,961
315,888
264,707
51,181
315,888
2021/22
6
1
2
3
12

No employees received emoluments (excluding employee pension costs) of more than £60,000.

See note 17 for details of remuneration of key management personnel

10. Pension Costs

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund and are administered by Royal London. The pension cost charge represents contributions payable by the charity to the fund and totalled in the year £35,622. (2021/2022 £33,798)

Beeston Free Church Nottingham

Registered Charity Number 1160335

19

Notes to the Accounts For the Year Ended 31 March 2023 (continued)

11. Grants

11a. Grant making

Total Value of Grants (Included within cost of Global and National Mission). Grants are made for Mission support

Grants to Institutions
Global Mission
£
35,285		 Grants to Institutions
National Mission
£
24,280		 Total Amount
£
59,565

An additional £605 was spent on supporting mission in expenses claimed against receipts.

a) Grants made to Institutions
Name of UK based
Institutions
Global Mission
AIM
AWM
Friends International
OMF
UFM
UFM
UFM
UFM
UFM
SIM
WEC
National Mission
Cross Teach Nottingham
Cross Teach Nottingham
FIEC
MGP
UCCF
Stewardship
NUSU
NTU
Rylands Community Church
Rehoboth Christian Centre		 Purpose
General fund support
Support of Fred & Jo
Nottingham fund support
Support of Phil & Vicki
Support of Jonathan & Dawn
Support of Johnny & Ann
Support of John & Ann
Support of Jonathan & Clare
Support of George
Support of Ted & Rachel
Support of Chris & Staci		 Total Amount of
Grants Paid £
2,040
2,040
2,040
2,040
4,800
2,040
4,800
4,800
1,360
3,000
6,325		 Total Amount of
Grants Paid £
2,040
2,040
2,040
2,040
4,800
2,040
4,800
4,800
1,360
3,000
6,325
TOTAL 35,285
Support of Cross Teach in Nottingham
Support of Alex
Fellowship Independent Evangelical Churches
Midlands Gospel Partnership
General support
UCCF Relay workers–Megan
NUCU Events week
Nottingham Trent CU Events weeks
Rylands Gospel partnership and from restricted funds
Layton Community Church		 2,040
500
7,453
1,200
2,040
500
1,500
500
4,547
4,000
TOTAL 24,280

11b. Grants received

Name of UK based
Institutions
Whyteleafe Charitable Trust
FIEC		 Purpose
Grant for Daniel Robertson training
FIEC training grant for Anne Macgregor		 Total Amount of
Grants Paid £
1,000
12,000		 Total Amount of
Grants Paid £
1,000
12,000
TOTAL 13,000

Beeston Free Church Nottingham

Registered Charity Number 1160335

20

Notes to the Accounts For the Year Ended 31 March 2023 (continued)

12. Tangible Fixed Assets

a) Cost or Valuation

At 1 April 2022
Additions–in year
Disposals–in year
Balance Carried Forward		 Freehold Land
and Buildings
1,542,661
-
-		 Fixtures, Fittings
and Equipment
111,821
-
-		 Fixtures, Fittings
and Equipment
111,821
-
-		 Electronic and
Audio Visual
Equipment
74,072
2,112
-		 Electronic and
Audio Visual
Equipment
74,072
2,112
-		 Electronic and
Audio Visual
Equipment
74,072
2,112
-		 Total
2022/23
£
1,728,554
2,112
-
1,542,661 111,821 76,184 1,730,666
At 1 April 2022
Depreciation charge for year
Disposals
Balance Carried Forward
Net Book Value
At 1 April 2022
At 31 March 2023		 SL
2% SL
50 years
355,568
-
-		 SL
10% SL
10 years
105,356
1,007
-		 SL
25% SL
4 years
68,845
2,776
-		 Total
2022/23
£
529,769
3,783
-
355,568 106,363 71,621 533,552
1,187,093
1,187,093		 6,465
5,458		 5,227
4,563		 1,198,785
1,197,114

The land and building were transferred at deemed cost by charity deed in 2016 and have an insurance value now of £2.2 million.

13. Debtors and Prepayments

13. Debtors and Prepayments
Prepayments and Accrued Income
Other debtors
Total		 2022/23
£
10,303
-		 2021/22
£
8,980
16,764
10,303 25,764

14. Creditors and Accruals

Analysis of Creditors
Accruals and Deferred
Income
Total		 Amounts Falling Due Amounts Falling Due Amounts Falling Due within one
2021/22
£
14,374
14,374		 Amounts Falling Amounts Falling Amounts Falling due after more
e year
2021/22
£
-		 due after more
e year
2021/22
£
-

year
2022/23
£
9,716
9,716
than on
2022/23
£
-
-
than on
-

Beeston Free Church Nottingham

Registered Charity Number 1160335

21

Notes to the Accounts For the Year ended 31 March 2023 (continued)

15. Fund Details

2022- 2023
Restricted Funds
Trainee
Building
Tuesday Fellowship
Under 5s
Baraniak
Alta
Total Tuesdays
Growth
Taylor
Robertson
Macgregor
Rylands Community
Church
Ochs
Unrestricted Funds
Overall Total 31.3.23
2021- 2022
Restricted Funds
Trainee
Building
Tuesday Fellowship
Under 5s
Baraniak
Alta
Total Tuesdays
Rylands Events
Growth
Taylor
Robertson
Macgregor
Rylands Community
Church
Ochs
Unrestricted Funds
Overall Total 31.3.22		 Note (see
below)
A
B
C
D
E
F
G
I
J
K
L
M
N
Note (see
below)
A
B
C
D
E
F
G
H
I
J
K
L
M
N		 Funds at
1.4.2022
12,230
1,187,093
360
326
-
39
281
38,657
5,252
8,554
-
478
93		 Incoming
35,838
-
1,889
225
75
1,191
498
25,137
3,915
9,671
13,095
495
2,066		 Outgoing
-
-
1,618
290
75
557
628
1,083
-
-
-
973
2.116		 Transfers
(27,590)
-
-
-
-
(389)
-
-
(6,400)
(12,272)
(2,695)
-
-		 Funds at
31.3.2023
20,478
1,187,093
631
261
-
284
151
62,711
2,767
5,953
10,400
-
43
1,253,363
256,890		 94,095
381,465		 7,340
457,134		 (49,346)
49,346		 1,290,772
230,567
1,510,253 475,560 464,474 - 1,521,339
Funds at
1.4.2021
9,822
1,203,376
158
223
616
219
157
673
18,955
5,562
3,013
-
-
-		 Incoming
19,408
-
1,409
236
1,313
307
310
682
36,680
5,615
12,391
245
80,801
93		 Outgoing
-
26,843
1,207
133
1,929
487
186
1,209
6,418
-
-
-
90,969
-		 Transfers
(17,000)
10,560
-
-
-
-
-
(146)
(10,560)
(5,925)
(6,850)
(245)
10,646
-		 Funds at
31.3.2022
12,230
1,187,093
360
326
-
39
281
-
38,657
5,252
8,554
-
478
93
1,253,363
256,890
1,510,253
1,242,774
280,912		 159,490
372,486		 129,381
416,028		 (19,520)
19,520
1,523,686 531,976 545,409 -

Beeston Free Church Nottingham

Registered Charity Number 1160335

22

Notes to the Accounts For the Year ended 31 March 2023 (continued)

Details of Funds Held

Under 5’s is a group for parents/carers and under 5’s that meets on a Monday morning during term time in the church halls. Small contributions are taken week, which are used for refreshments, toys and craft supplies – and Christmas and Easter events.

This fund has now closed and the balance was transferred to Rylands Community Church.

Alta is a youth group that meets on a Friday night during term time. Small contributions are taken to buy resources and fund the activities. The fund is to keep surplus funds to enable Alta to be able to subsidise trips and weekends away.

This fund was established for support for James Taylor during his time as a minister in training and his theological study with Crosslands

k) Robertson For the training costs of Daniel Robertson (Minister in Training) This fund was established for support for Daniel Robertson during his time as a minister in training and his theological study with Crosslands.

l) Macgregor For the training costs of Anne Macgregor (Ministry worker in Training) This fund was established for support for Anne Macgregor during her time as a ministry worker in training and her theological study with Crossland

This fund was established for support for Chris and Staci Ochs working at the WEC World view training centre in Tasmania. Funds will be transferred to WEC Australia quarterly.

Beeston Free Church Nottingham

Registered Charity Number 1160335

23

Notes to the Accounts For the Year ended 31 March 2023 (continued)

A number of transfers were made to the general fund from restricted funds for both support costs and administrative charges in line with the trustees’ policies.

16. Analysis of Net Assets by Fund

2022 - 2023
Fixed Assets
Current Assets / Liabilities
Long Term Liabilities
2021 - 2022
Fixed Assets
Current Assets / Liabilities
Long Term Liabilities		 Unrestricted
10,021
220,546
-
230,567
Unrestricted
11,692
245,198
-
256,890		 Restricted
1,187,093
103,679
-
1,290,772
Restricted
1,187,093
66,270
-
1,253,363		 Total Funds
2022/23
1,197,114
324,225
-
1,521,339
Total Funds
2021/22
1,198,785
311,468
-
1,510,253		 Total Funds
2021/22
1,198,785
311,468
-		 Total Funds
2021/22
1,198,785
311,468
-
1,510,253
Total Funds
2020/21
1,218,047
305,639
-
1,523,686

17. Transactions with Related Parties

a) Remuneration and Benefits

Name of the Trustee Legal Authority Salary, Pension Salary, Pension
or Connected Person (e.g. Order, governing documents) & Employer NI Value
2022/23 2021/22
£ £
George Hawkins * Constitution and Rules 53,140 51,414
David Bish Constitution and Rules 47,397 45,865
Rebecca Thomas * Minutes of Employment and Audit Committee 39,375 30,305
Eleanor Hawkins Minutes of Employment and Audit Committee 13,412 9,538

*Key management personnel

In addition to salary and pension staff receive on average additional benefits of £200 in Life Assurance and Permanent Health Insurance

b) Other Transactions with Trustees or Related Parties

A total of £63,591 was donated to the charity by trustees and related parties in the year 2022/23 (£49,890 2021/22) A total of £640 (and a bar of chocolate!) was declared as received by trustees in ex gratia payments in 2022/23 (£100 in 2021/22)

There are no other related party transactions

Beeston Free Church Nottingham

Registered Charity Number 1160335

24

Notes to the Accounts For the Year ended 31 March 2023 (continued)

18. Trustee Expenses

These are the amounts paid to trustees or third parties for expenses incurred by trustees.

Number of Trustees (or
connected persons) who
were paid expenses
TWO
Nature of the Expenses
Expenses in connection with their
role as trustees (conference fees &
accomodation)
Total Amount Paid		 2022/23
£
645		 2021/22
£
75
645 75

19. Trustee Indemnity Insurance

The charity holds Trustee Indemnity insurance. The scheme provides annual cover of a maximum of £100,000. The premium is paid with the total insurance policy.

20. Future Commitments

No future commitments.

21. Lease Commitments

The charity continues a 5-year lease (commenced Jan 2019) for a photocopier, the quarterly payments due are £588.

22. Taxation

The charity is exempt from Corporation Tax on its charitable activities. The Elders have reviewed the church’s activities and are confident that they fulfil charitable aims and they are considered to be primary purpose.

23. Cash Flow Statement

Reconciliation of net movement in funds to new cash flows from operating activities: -

Net incoming resources
Adjustments:
Investment Income
Depreciation Charges
(Increase)/Decrease in Debtors
Increase/(Decrease) in Creditors		 2022/23
£
11,086
(1,850)
3,783
15,461
(4,658)
23,822		 2021/22
£
(13,433)
(556)
29,216
(17,186)
(38,270)
(40,229)

Beeston Free Church Nottingham

Registered Charity Number 1160335

25