2024-03-31-accounts - Beeston Free Church Nottingham

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Beeston Free Church Nottingham Trustees Annual Report and Financial Statements April 2023 - March 2024

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 2024. It contains the following items:

The annual report of the charity explaining the activities undertaken in the year, how the charity met its public benefit objectives and the way the church is managed.
The annual financial report for the financial year ended 31[st] March 2024, the required statements and notes to the accounts.

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 Rebecca Thomas Church Secretary Stuart Barlow Chair of trustees David Bish Daniel Goddard Chair of Employment Committee Retired July 2023 Matthew Roberts Retired July 2023 Robert Goodwin Retired October 2023 David Arrowsmith Treasurer Retired July 2023 Crian Wilson Peter Andrews Chair of Employment group from July 2023 Richard Graham Treasurer from July 2023 Barbara Graham Chris Pinnington Andy Grundy Chair of elders Matthew Priestland Chris Wilson Appointed July 2023 John Johnson Appointed October 2023

Appointed July 2023 Appointed October 2023

Beeston Free Church Nottingham

Registered Charity Number 1160335

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 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 served as the church’s treasurer until July 2023. The trustees are very grateful to David for his work in this area.

Richard Graham is the current treasurer with responsibility for 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 Richard for his work in this area.

Laura Perbet is seconded to Beeston Free from Rylands Community Church for 1 day per week to offer training and Biblical Counselling. The trustees are very grateful to Laura for her work in this area.

Crian Wilson serves as a maintenance volunteer, carrying out 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 255. The church members meet regularly to conduct business meetings.

Beeston Free Church Nottingham

Registered Charity Number 1160335

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. 3 sub-committees of trustees meet regularly, with responsibility delegated by the trustees for Employment, Property and 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:

George Hawkins Senior Minister
● Dave Bish Associate Minister ● James Taylor Minister in Training
● Daniel Robertson Minister in Training Resigned June 2023 ● Anne Macgregor Ministry Worker in Training ● Becky Thomas Operations Manager
● Ele Hawkins Communications Co-ordinator ● Ruth Evans Finance Officer

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 2022-23 academic year Joel Brown, Sarah Clarke and Matthew James served as trainees. In the 2023-24 academic year Joel Brown, Florence Edwards, Archie Mowatt, and Lucy Sewall 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

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:-

1) The advancement of the Christian faith in accordance with the basis of faith primarily but not exclusively within Beeston, Nottinghamshire and the surrounding neighbourhood; and
2) Such other charitable purposes as shall, in the opinion of the charity trustees, further the work of the church.

Aims

Our vision: Glorifying God through lives transformed by the gospel

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

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, 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:

Provision of children’s and youth groups for 5-18 year olds on weekdays.
Provision of a community group for children under 5 and their carers.
Provision of activities and groups for both UK and international students.
Provision of teaching courses for those seeking to learn more about the Christian faith.
An extensive programme of bible study groups, social groups and training involving the volunteers who lead and support these groups

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.

Beeston Free Church Nottingham

Registered Charity Number 1160335

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

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 Christ.

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, to which the congregation are encouraged to invite friends and family; this has included social evenings, a quiz night, a summer holiday club for children, a holiday activities day for the retired and special Christmas services and other services suitable for guests.

Work amongst internationals, particularly students from the University of Nottingham, is a significant 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.

Beeston Free Church Nottingham

Registered Charity Number 1160335

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.

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.

The trustees remain committed to gospel growth initiatives and some significant progress has been made in the last year.

There has been a particular focus on the development of the building in this year, with the refurbishment of the main hall and surrounding rooms completed in the second half of the year. The other initiatives are:

Community ministries – developing ministries appropriate for the local community
Church planting – considering planting a new church in partnership with others
National Mission – support other churches across the country
Global mission – support of mission partners in various parts of the world

Financial review

Analysis of income

The income of the church is primarily donations from church members and those associated with the church. Donations to the general fund were £393k, an increase on the previous year (£360k) A small proportion, £3k was given by other charities, £27k from activities of the church such as weekends away, conferences and book sales and £9k paid in interest.

Total income to the general fund was £432k.

Analysis of Expenditure

Total costs to the general fund were £438k.

In the financial year 2023-24 there was a deficit of £5.5k to the general fund.

Beeston Free Church Nottingham

Registered Charity Number 1160335

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 £217k (excluding £93k of fixed assets). This is 5.94 months cover for the general fund expenses (of £36k per month).

The trustees have agreed a deficit budget for the 2024/2025 financial year to reduce the reserves towards the target level.

Budget 2024-2025

The budget for 2024-2025 was approved by members at the March 2024 church members meeting.

Income to the general fund for 2024/25 is forecast to be £439k. This comprises donations of £426k and other income of £13k.

Spending from the general fund for 2024/25 is forecast to be £501k. This comprises of: staff costs of £333k, International and UK mission costs of £64k, Ministry of Beeston costs of £24k, 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 £62k.

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. No external fundraisers are used.

Beeston Free Church Nottingham

Registered Charity Number 1160335

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 2024.

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 church leadership will be focusing on the recruitment of a new senior minister as the current senior minister has informed the trustees of his intention to retire in summer 2025. The leadership will also be focusing on church planting, that is establishing new churches.

Beeston Free Church Nottingham

Registered Charity Number 1160335

Independent Examiner's Report to the Trustees of Beeston Free Church Nottingham (‘the CIO’) For the Year Ended 31 March 2024

I report to the Charity Trustees on my examination of the accounts of the CIO for the year ended 31 March 2024.

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:

Accounting records were not kept as required by Section 130 of the Act; or
The accounts do not accord with those records.
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.

24/06/2024

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

Dated ……....………………………

Beeston Free Church Nottingham

Registered Charity Number 1160335

Statement of Financial Activities For the Year Ended 31 March 2024

	Note	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		Funds	Funds	Funds	Funds	Funds	Funds
		2023/24	2023/24	2023/24	2022/23	2022/23	2022/23
		£	£	£	£	£	£
Income
Donations	3
and Legacies		396,192	436,710	832,902	364,474	92,806	457,280
Activities for
Generating Funds		-	-	-	-	-	-
Investment Income		9,403	-	9,403	1,850	-	1,850
Charitable Activities	4	26,832	1,739	28,571	15,141	1,289	16,430
Total Income		432,427	438,449	870,876	381,465	94,095	475,560
Expenditure
Charitable Activities
Operation of Beeston	5
Free Church
Nottingham and
delivery of Mission
Costs		437,907	71,257	509,164	457,134	7,340	464,474
Cost of Raising				-			-
Funds		-	-		-	-
Total Expenditure		437,907	71,257	509,164	457,134	7,340	464,474
Net Income/
(Expenditure)		(5,480)	367,192	361,712	(75,669)	86,755	(11,086)
Transfer Between	15
Funds		84,991	(84,991)	-	49,346	(49,346)	-
Net Movement in
Funds		79,511	282,201	361,712	(26,323)	37,409	(11,086)
Reconciliation of
Funds
Total Funds Brought
Forward		230,567	1,290,772	1,521,339	256,890	1,253,363	1,510,253
Total Funds Carried	15
Forward		310,078	1,572,973	1,883,051	230,567	1,290,772	1,521,339

Beeston Free Church Nottingham

Registered Charity Number 1160335

Balance Sheet As at 31 March 2024

	Note	Unrestricted	Unrestricted	Restricted	Total Funds	Total Funds
		Funds		Funds	2023/24	2022/23
		£		£	£	£
Fixed Assets	12
Tangible Assets			93,276	1,525,024	1,618,300	1,197,114
Total Fixed Assets			93,276	1,525,024	1,618,300	1,197,114
Current Assets
Cash at bank and in hand		222,295		173,778	396,073	323,638
Debtors	13		8,524	8,083	16.607	10,303
Total Current Assets		230,819		181,861	412,680	333,941
Liabilities
Creditors falling due within 1	14		14,017	133,912	147,929	9,716
year
Net Current Assets		216,802		47,949	264,751	324,225
Total Assets less current
liabilities
Creditors: Amounts falling due	14		-	-	-	-
after more than one year
Net Assets		310,078		1,572,973	1,883,051	1,521,339
The Funds of the Charity
Unrestricted					310,078	230,567
Restricted					1,572,973	1,290,772
Total Charity Funds	15				1,883,051	1,521,339

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

Approved by the trustees on 17 June 2024 and signed on their behalf by:-

Stuart Barlow	21/06/2024
………………………………………………………Chair
………………………………………………………Treasurer R Graham feOapaboem	19/06/2024

Beeston Free Church Nottingham

Registered Charity Number 1160335

Cash Flow Statement as at 31 March 2024

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 2023 Net Cash Resources at 31 March 2024	Notes 23		2023/24 £ 488,438 9,403 497,841 425,406 - 72,435 72,435 323,638 396,073		2022/23 £ 23,822 1,850
					25,672 (2,112) - 23,560
					23,560 300,078
					323,638

Beeston Free Church Nottingham

Registered Charity Number 1160335

Notes to the Accounts For the Year Ended 31 March 2024

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

The Trustees’ consider that there are no material uncertainties about the charity’s ability to continue as a going concern. The financial statements are presented in Sterling (£)

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

Notes to the Accounts For the Year ended 31 March 2024 (continued)

	Notes to the Accounts For the Year ended 31 March 2024 (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 6 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 towhich
	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

Notes to the Accounts

For the Year ended 31 March 2024 (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

Notes to the Accounts For the Year ended 31 March 2024 (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 Other income 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 Property development Sales and Events Finance Depreciation and Miscellaneous Loss on disposal of fixed assets Support / Governance Costs (note 7)		Unrestricted 393,163 3,029 - 396,192 18,843 7,989 - - - 26,832 248,760 57,087 16,158 26,465 15,573 3,559 - 18,945 4,388 - 46,972 437,907		Restricted 436,710 - - 436,710 - - 1,140 599 1,739 47,621 2,227 4,432 - - - 16,977 - - - - 71,257		Total 2023/24 829,873 3,029 - 832,902 18,843 7,989 - 1,140 599 28,571 296,381 59,314 20,590 26,465 15,573 3,559 16,977 18,945 4,388 - 46,972 509,164		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

Beeston Free Church Nottingham

Registered Charity Number 1160335

Notes to the Accounts For the Year ended 31 March 2024 (continued)

6. Funds received as agent

2023/2024 There were no funds received as an agent. 2022/2022 There were no funds received as an agent.

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 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 £ 262,544 33,837 - -	Support/ Governance Function £ 11,266 33,996 1,638 72	Support/ Governance Function £ 11,266 33,996 1,638 72	Total 2023/24 Total 2022/23 Basis of Apportionment £ £ 273,810 261,786 Allocated on time 67,833 62,259 Allocated on time 1,638 1,560 Governance 72 71 Governance 343,353 325,676	Basis of Apportionment

		296,381		46,972

8. Statutory Fees

In 2024 an Independent Examination was undertaken for a fee of £1,638 (£1,560 in 2023).

Beeston Free Church Nottingham

Registered Charity Number 1160335

Notes to the Accounts For the Year ended 31 March 2024 (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		2023/24 £ 262,999 17,490 36,245 24,909 341,643 273,810 67,833 341,643 2023/24 4 1 2 4 11		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

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 £36,245. (2022/23 £35,622)

Beeston Free Church Nottingham

Registered Charity Number 1160335

Notes to the Accounts For the Year Ended 31 March 2024 (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 £ 39,827	Grants to Institutions National Mission £ 18,947	Total Amount
		£ 58,774

An additional £540 was spent on supporting mission in expenses claimed against receipts.

a) Grants made to Institutions

Name of Institutions Global Mission AIM UK AIM UK AWM UK Friends International UK Friends of Mandritsara UK OMF UK UFM UK UFM UK UFM UK UFM UK UFM UK SIM UK Stewardship UK WEC Australia National Mission (All UK) Cross Teach Nottingham Cross Teach Nottingham FIEC MGP UCCF Stewardship NUSU NTU Rylands Community Church Rotherham Evangelical Church	Purpose General fund support Support of Ndeshi Support of Fred & Jo Nottingham fund support Maternity unit project 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 Josh Wright with Friends International Support of Chris & Staci	Total Amount of Grants Paid £ 2,160 2,140 2,660 1,260 1,000 2,160 4,800 2,160 4,800 6,000 2,160 3,000 900 4,627	Total Amount of Grants Paid £ 2,160 2,140 2,660 1,260 1,000 2,160 4,800 2,160 4,800 6,000 2,160 3,000 900 4,627

	TOTAL		39,827
	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 Support of Elliot Hyliger		2,160 500 7,614 1,200 2,160 500 1,500 810 1,503 2,000
	TOTAL		18,947

11b. Grants received

No grants received

Beeston Free Church Nottingham

Registered Charity Number 1160335

Notes to the Accounts

For the Year Ended 31 March 2024 (continued)

12. Tangible Fixed Assets

a) Cost or Valuation

Freehold Land and Buildings 1,542,661 337,930 -	Fixtures, Fittings and Equipment 111,821 1,229 -	Electronic and Audio Visual Equipment 76,184 86,247 -	Total 2023/24 £ 1,730,666 425,406 -


1,880.591	113,050	162,431	2,156,072

b) Accumulated Depreciation and Impairment Provisions

SL 2% SL 50 years 355,568 - -	SL 10% SL 10 years 106,363 1,130 -	SL 25% SL 4 years 71,621 3,090 -	Total 2023/24 £ 533,552 4,220 -
355,568	107,493	74,711	537,772

1,187,093 1,525,023	5,458 5,557	4,563 87,720	1,197,114 1,618,300

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		2023/24 £ 16,607 -	2022/23 £ 10,303 -
		16,607	10,303

14. Creditors and Accruals

Amounts Falling Due within one year 2023/24 2022/23 £ £ 147,929 9,716 147,929 9,716	Amounts Falling	Amounts Falling	due after more e year 2022/23 £ -
year 2023/24 £ 147,929 147,929	than on 2023/24 £ - -	than on

			-

Beeston Free Church Nottingham

Registered Charity Number 1160335

Notes to the Accounts For the Year ended 31 March 2024 (continued)

15. Fund Details

Funds at 1.4.2023 20,478 1,187,093 631 261 284 151 62,711 2,767 5,953 10,400 43	Incoming 22,535 - 1,585 - 1,765 599 403,659 4,855 696 570 2,185	Outgoing 30,205 - 1,719 261 1,910 542 16,977 4,607 6,649 6,159 2,228	Transfers - 337,930 - - - - (422,921) - - - -	Funds at 31.3.2024 12,808 1,525,023 497 - 139 208 26,472 3,015 - 4,811 -
1,290,772 230,567	438,449 432,427	71,257 437,907	(84,991) 84,991	1,572,973 310,078
1,521,339	870,876	509,164	-	1,883,051
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

Beeston Free Church Nottingham

Registered Charity Number 1160335

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

Details of Funds Held

a) Trainee For the personal support of Trainees in the Beeston Free Trainee Scheme
This fund is to help defray the cost of employing our trainees each year. Trainees are encouraged to fund raise as part of their training and enables home churches, friends and families to partner with us in the support of the trainees during the year they are working and serving with us.
b) Building For the holding property assets.
c) Tuesday For the Tuesday Fellowship group Fellowship Tuesday Fellowship is a mid-week group for the retired. A collection is taken which is used to cover expenses of visiting speakers, group expenses and donations to charities - Our Daily Bread Ministries, CrossTeach, MAF.
d) Under 5s For the Under 5’s group
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.
e) Baraniak For the training costs of Steve Baraniak (Assistant Minister) This fund has now closed.
f) Alta For the Alta youth group funds

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.

g) Total For the Total Tuesdays youth group funds Tuesdays Total Tuesdays is a children’s club that meets on a Tuesday night during term time. Small contributions are taken each week to buy resources and fund the activities. The fund is to keep surplus funds to enable Total Tuesdays to be able to subsidise trips and weekends away.
h) Rylands For Rylands Events Events This fund has now closed
i) Growth For Growth Fund

Gifts made to this fund will be used for the refurbishment and extension of the building at Salthouse Lane and associated professional fees. Fees will be paid from this fund and fund transfers made for the purchase of fixed assets to the building and general funds.

j) Taylor For the training costs of James Taylor (Minister in Training)

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. This fund has now closed.

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
m) Rylands Rylands Community Church Community This fund has now closed and the balance transferred to Rylands Community Church. Church
n) Ochs

Ochs

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

Notes to the Accounts For the Year ended 31 March 2024 (continued)

16. Analysis of Net Assets by Fund

2023 - 2024 Fixed Assets Current Assets / Liabilities Long Term Liabilities 2022 - 2023 Fixed Assets Current Assets / Liabilities Long Term Liabilities		Unrestricted 93,276 216,802 - 310,078 Unrestricted 10,021 220,546 - 230,567		Restricted 1,525,024 47,949 - 1,572,973 Restricted 1,187,093 103,679 - 1,290,772		Total Funds 2023/24 1,618,300 264,751 - 1,883,051 Total Funds 2023/24 1,197,114 324,225 - 1,521,339		Total Funds 2022/23 1,197,114 324,225 -	Total Funds 2022/23 1,197,114 324,225 -

									1,521,339
								Total Funds 2022/23 1,198,785 311,468 -

									1,510,253

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
		2023/24	2022/23
		£	£
George Hawkins *	Constitution and Rules	56,331	53,140
David Bish	Constitution and Rules	50,055	47,397
Rebecca Thomas *	Minutes of Employment and Audit Committee	40,930	39,375
Eleanor Hawkins	Minutes of Employment and Audit Committee	14,386	13,412

*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 £126,713 was donated to the charity by trustees and related parties in the year 2023/24 (£63,591 2022/23) A total of £320 was declared as received by trustees in ex gratia payments in 2023/24 (£640 in 2022/23)

There are no other related party transactions

Beeston Free Church Nottingham

Registered Charity Number 1160335

Notes to the Accounts For the Year ended 31 March 2024 (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 ONE Nature of the Expenses Expenses in connection with their role as trustees (conference fees & accommodation) Total Amount Paid		2023/24 £ 230	2022/23 £ 645
		230	645

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 2024) for a photocopier, the quarterly payments due are £545.

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		2023/24 £ 361,712 (9,403) 4,220 (6,304) 138,213 488,438		2022/23 £ 11,086 (1,850) 3,783 15,461 (4,658)
				23,822

Beeston Free Church Nottingham

Registered Charity Number 1160335