**REGISTERED COMPANY NUMBER: CE017690 (England and Wales) REGISTERED CHARITY NUMBER: 1183691**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 March 2023**
**for**
## **Belvidere Road Church, Liverpool**
Corbett & Co Accountants Ltd Chartered Certified Accountants 555 Smithdown Road Liverpool Merseyside L15 5AF
**Belvidere Road Church, Liverpool**
## **Contents of the Financial Statements for the Year Ended 31 March 2023**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**||7||
|**Notes to the Financial Statements**|8|to|11|
|**Detailed Statement of Financial Activities**||12||
## **Belvidere Road Church, Liverpool**
## **Report of the Trustees for the Year Ended 31 March 2023**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charity’s objects are for the public benefit, and are restricted to the following:
(a) to advance the Christian faith in accordance with the Doctrinal Statement (“the Doctrinal Statement”) set out in Schedule 1 to the Constitution for the benefit of the public in Liverpool and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit;
(b) to advance the education of the public in the Christian faith in Liverpool and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit;
(c) to relieve persons who are in conditions of need or financial hardship or who are sick or in need and to relieve the distress caused thereby in Liverpool and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit;
(d) to promote and fulfil such other purposes which may be charitable according to the law of England and Wales.
Page 1
**Belvidere Road Church, Liverpool**
## **Report of the Trustees for the Year Ended 31 March 2023**
## **OBJECTIVES AND ACTIVITIES Significant activities**
The Trustees have had regard to the Charity Commission general guidance on public benefit when reviewing our aims and objectives, and in planning future activities.
The Trustees consider that the charity's activities reflect our aims and objectives, and that they are designed to provide accessible services and activities that benefit the appropriate sector of the public in accordance with our charitable activities.
The following ministries have been supported, maintained and developed during the financial year.
Sunday Church Services: The church has continued to hold services of worship every Sunday, which have included singing, prayer, preaching / Bible teaching, and throughout the year, age-related activities for children have also been provided. These take place at the Belvedere Academy.
Midweek Bible Study and Prayer meetings: These are held every Wednesday evening, either at the Belvedere Academy, or in homes of church members. Most recently these have been at the Academy. We also hold Zoom online prayer meetings on Monday and Friday mornings.
Youth Ministry (“Impact”). - This operates every Friday evening at 8pm - and a group of up to 15 young people would attend.
Children’s work - Sunday school and “BBB” group – BBB operates every Friday evening, and 10 – 15 different children might attend each week. Sunday school operates on Sunday mornings, within the main service. There is also a Sunday evening children's class. The children who attend appreciate the meetings and what they learn there.
Holiday Bible Club - this club has run for over 50 years - and has been a week of free activities in the summer holidays for primary and junior school age children. This ran in August 2022.
Week of Prayer – is a week in January set aside to call the church together to pray for our church, our city, our country and our world.
Adult Ministries - “Edify” Ladies’ group & Men’s prayer breakfast. These groups meet monthly / bi-monthly as advertised.
Student welcome and ministry - “Open House” lunch group. This offers any students (and those of a similar age) a free lunch, a welcome and a chance to meet and get to know a local family.
Young Adults Group - a training provision for the young adults in the church, meeting fortnightly on Thursday evening. Many different topics have been covered this past year, including "Speech" and "Prayer".
Door to Door - Outreach work takes place three days a week, one week in each of the summer months of May, June, July, and August. Church members visit the houses in the local community, discussing the aims of the church, and inviting residents to church services, the children’s work, and anything else of interest.
Weekend away at Cefn Lea: In October 2022, we took circa 60 people to a weekend retreat at the Cefn Lea conference centre in mid-Wales, where there was teaching (from Alastair Begg), good fellowship, and enjoyable recreation.
Care Team: This ministry exists to provide both practical and spiritual care to members and friends of the church, who find themselves in particular need. This ranges from visits, provision of meals, etc.
Mature Munch - a monthly opportunity to have Sunday lunch together in someone's home.
Wednesday "McDonalds" meeting - a group of men who meet on a Wednesday morning to discuss the Sunday teaching - and just enjoy company together.
All of these meetings have been open to the general public, whom we have from time to time invited by means of a leaflet campaign and visitation in the surrounding area, and invitation via our website.
In addition, Baptisms, Weddings and Funerals have all been held during the year for friends and members of the church, and open to the public.
Page 2
**Belvidere Road Church, Liverpool**
## **Report of the Trustees for the Year Ended 31 March 2023**
## **OBJECTIVES AND ACTIVITIES**
Missionary Outreach and Support
The church has also maintained its support for missionary work throughout the UK and the world. We support Christian work in Sri Lanka, Kenya, and Romania specifically, along with other support for work in Eastern Europe, Papua New Guinea, and Albania.
## **Grantmaking**
The church currently aims to allocate at least 10% of the total donations received in the year to external missionary and outreach activities.
Gifts to external organisations and individuals are considered by the Trustees on the basis of need and fulfilment of the charitable activities. There are no upper or lower limits of support.
## **ACHIEVEMENT AND PERFORMANCE**
## **Fundraising activities**
Belvidere Road Church relies entirely on the freewill giving of members and others sympathetic with our aims and objectives. No public appeals for money are made.
Opportunities for support of specific projects by prayer, in kind, by giving of time or resources may be communicated to the membership and congregation from time to time
## **FINANCIAL REVIEW**
## **Reserves policy**
The church seeks to maintain a level of reserves sufficient to cover a few month’s running costs. The level of reserves is reviewed annually.
Reserves in our particular situation are needed to:Cover unforeseen emergency expenditure on facilities Cover a dramatic and drastic loss of income Meet our commitments in the short to medium term to those who labour in the gospel among us Demonstrate good stewardship and financial management
Meet unexpected ministry calls or gospel opportunities that may present themselves
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The organisation is established and operates under a “Constitution” and “Rules and Regulations” document. The new constitution was accepted by the church at a meeting of members on 8th July 2019.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
CE017690 (England and Wales)
## **Registered Charity number**
1183691
## **Registered office**
476 Aigburth Road Liverpool Merseyside L19 3QE
## **Trustees**
G A Back I D Higham E T Walsh S P Draper (resigned 28.11.22)
Page 3
**Belvidere Road Church, Liverpool**
**Report of the Trustees for the Year Ended 31 March 2023**
## **REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner**
Corbett & Co Accountants Ltd Chartered Certified Accountants 555 Smithdown Road Liverpool Merseyside L15 5AF
Approved by order of the board of trustees on 4 December 2023 and signed on its behalf by:
G A Back - Trustee
Page 4
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## **Belvidere Road Church, Liverpool**
## **Statement of Financial Activities for the Year Ended 31 March 2023**
|31.3.23
Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
105,285
Investment income
2
2,197
**Total**
107,482
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
126,522
**NET INCOME/(EXPENDITURE)**
(19,040)
**RECONCILIATION OF FUNDS**
Total funds brought forward
403,352
**TOTAL FUNDS CARRIED FORWARD**
384,312|31.3.22
Total
funds
£
142,128
1,501|
|---|---|
||143,629|
||167,083|
||(23,454)
426,806|
||403,352|
The notes form part of these financial statements
Page 6
## **Belvidere Road Church, Liverpool**
## **Balance Sheet**
## **31 March 2023**
|31.3.23
Unrestricted
funds
Notes
£
**CURRENT ASSETS**
Cash at bank
386,423
**CREDITORS**
Amounts falling due within one year
6
(2,111)
**NET CURRENT ASSETS**
384,312
**TOTAL ASSETS LESS CURRENT LIABILITIES**
384,312
**NET ASSETS**
384,312
**FUNDS**
7
Unrestricted funds
384,312
**TOTAL FUNDS**
384,312|31.3.22
Total
funds
£
404,134
(782)|
|---|---|
||403,352|
||403,352|
||403,352|
||403,352|
||403,352|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 4 December 2023 and were signed on its behalf by:
G A Back - Trustee
I D Higham - Trustee
The notes form part of these financial statements
Page 7
**Belvidere Road Church, Liverpool**
## **Notes to the Financial Statements for the Year Ended 31 March 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
||31.3.23|31.3.22|
||£|£|
|Deposit account interest|2,197|1,501|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
I D Higham, a trustee, received remuneration in the year of £44,516 (2022 £44,331)
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Page 8
continued...
**Belvidere Road Church, Liverpool**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023**
## **4. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Trustee
No employees received emoluments in excess of £60,000.
**5.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**6.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Social security and other taxes
Accrued expenses
**7.**
**MOVEMENT IN FUNDS**
At 1.4.22
£
**Unrestricted funds**
General fund
403,352
**TOTAL FUNDS**
403,352|31.3.23
31.3.22
1
1
Unrestricted
funds
£
142,128
1,501
143,629
167,083
(23,454)
426,806
403,352
31.3.23
31.3.22
£
£
1,343
-
768
782
2,111
782
Net
movement
At
in funds
31.3.23
£
£
(19,040)
384,312
(19,040)
384,312|
|---|---|
Page 9
continued...
**Belvidere Road Church, Liverpool**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023**
## **7. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
107,482
107,482|Resources
Movement
expended
in funds
£
£
(126,522)
(19,040)
(126,522)
(19,040)|Resources
Movement
expended
in funds
£
£
(126,522)
(19,040)
(126,522)
(19,040)|
|---|---|---|---|
||||(19,040)|
## **Comparatives for movement in funds**
|At 1.4.21
£
**Unrestricted funds**
General fund
426,806
**TOTAL FUNDS**
426,806
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
143,629
**TOTAL FUNDS**
143,629|Net
movement
At
in funds
31.3.22
£
£
(23,454)
403,352
(23,454)
403,352
Resources
Movement
expended
in funds
£
£
(167,083)
(23,454)
(167,083)
(23,454)|At
31.3.22
£
403,352|
|---|---|---|
|||403,352|
|||(23,454)|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.4.21
£
426,806
426,806|Net
movement
in funds
£
(42,494)
(42,494)|At
31.3.23
£
384,312|
|---|---|---|---|
||||384,312|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|251,111|(293,605)|(42,494)|
|**TOTAL FUNDS**|251,111|(293,605)|(42,494)|
Page 10
continued...
**Belvidere Road Church, Liverpool**
**Notes to the Financial Statements - continued for the Year Ended 31 March 2023**
## **8. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2023.
Page 11
## **Belvidere Road Church, Liverpool**
||**Detailed Statement of Financial Activities**|||
|---|---|---|---|
||**for the Year Ended 31 March 2023**|||
|||31.3.23|31.3.22|
|||£|£|
|**INCOME AND ENDOWMENTS**||||
|**Donations and legacies**||||
|Committed giving||89,239|125,197|
|Gift aid||16,046|16,931|
|||105,285|142,128|
|**Investment income**||||
|Deposit account interest||2,197|1,501|
|**Total incoming resources**||107,482|143,629|
|**EXPENDITURE**||||
|**Charitable activities**||||
|Wages||44,516|44,331|
|Social security||5,145|4,897|
|Pensions||2,226|2,217|
|Charitable donations||52,821|89,301|
|Postage and stationery||965|2,275|
|Rent||15,943|16,230|
|Office expenses||3,500|4,488|
|Travel costs||-|2,110|
|Insurance||381|345|
|Bank charges||257|109|
|||125,754|166,303|
|**Support costs**||||
|**Governance costs**||||
|Accountancy and legal fees||768|780|
|Total resources expended||126,522|167,083|
|**Net expenditure**||(19,040)|(23,454)|
This page does not form part of the statutory financial statements
Page 12