CHARITY REGISTRATION NUMBER.. 1184691 Bethel Free Church Unaudited Financial Statements 31 December 2023 BOHORUN & CO LTD Chartered Certified Accountants 6 Howley Park Business Village Pullan Way Leeds England LS27 OBZ
Bethel Free Church Financial Statements Year ended 31 December 2023 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements
Bethel Free Church Trustees, Annual Report Year endod 31 December 2023 The Iruslees present their report and the unaudited financial statements of the charity for the year ended 31 December 2023. Reference and administrative details Registerad charity nama Bethel Free Church Charity registration number 1184691 Principal office Bethel Free Church - Leeds CIO Fourteenth Avenue Leeds LS12 1LE The trustees M Donoghue J Pe61 E Reeve G Reeve A seah for others to seNe Independent examiner D P Bohorun FCCA FCMI 6 Howley Park Business Village Pullan Way Leeds England LS27 OBZ
Bethel Free Church Trustees, Annual Report (conllnuedj Year ended 31 December 2023 Structure* governance and management Bethel Free Church- Leecls is a non-profit Charitable Incorporated Organisalion and is registered with the Charity Commission for England and Wales under number 1184691. A list of the current Trustees Can be found above. Ils principal place of business is., Bethel Free Church - Leeds CIO Fourteenth Avenue Leeds LS12 1 LE Organisatlonal Structure Bethel Free Church Leeds CIO is governed by ils conslilulional documents, including an 'Expression of our Church practice and Christian ethics. sialement, filed with the Charity Commission for England and Wales from ils inception. By conslilulion Bethel Free Church - Leeds CIO must have a minimurn of three Trustees. All new Charity Trustees musl be appointed by a resolLJlion passed al a properly convened meeting of the Charity Trustees. In selecting individuals for appointment as Charity Trustees. the Charity Trustees must have regard lo the skills. knowledge and experience needed for the effective adminislralion of the CIO. All Charity Trustees musl subscribe and adhere lo. in belief and lifestyle, the Slalemenl of Faith. Governance and Management Policy and strategic decisions are referred lo and made by the Trustees at properly Constituted Meetings or electronic communications when the subject maller allows. Decisions are taken a¢cording lo a 600/0 majority of voles of those eligible lo vole al that meeting. Day to day decisions aTe delegated lo the Church Elder and Church Members in line with agreed principals and objectives. A potential conflict of interests has been identified following Charity Commission training.. in as much as, Liz and Giles Reeve are a married Couple and therefore, il could appear, that either one could exert inappropriate or disproportionate influence upon the other's decisions. 11 is agreed by Janel Peel and myself that, whilst il is to be expected and hoped that they will discuss Trusts matters between themselves outside of formal Trustees meetings, much as any Trustee may, we are confident that their individual allegiance and commitment lo God first and foremost, coupled with their respect for each other, will result in them expressing their own views and decisions in regard to Trust mallers. Risk Management The Trusle&s have identified the major strategic risks to which Bethel Free Church - Leeds CIO is exposed and has established controls and actions to miligale them. Risk Management is carried out annually and is monitored at each of the Trustees quarterly Meetings. The Trustees lake all reasonable steps lo moderate and manage the potential risks along with business and financial risks.
Bethel Free Church Trustees. Annual Report (¢onlinyerlJ Year ended 31 December 2023 Objectlves an(1 actlvltles Objectives.. The Objectives of the CIO are. for the public benefit.. the advancement of the Christian faith in Leeds in accordance with the Slalemenl of Faith and such other parts of the United Kingdom and the world as the Charity Trustees may from time to lime decide. Activitias: Although we remain conscious that although the risk of Covid 19 has now been assigned lo that of other infectious diseases and newer public health issues have arisen, in particular in regard to mental health. and will continue lo be identified, we have, more or less returned to pre cowd levels of activity where volunteers and time allow.. A plan to open up the Church as a 'warm space. under the Local Authority scheme was unable lo go ahead as we were unable lo obtain advice from them in regard to our kitchen facilities in lime. In principle, improvements were agreed and plans lo upgrade the kitchen area are now in place and relevant members are undertaking training in the necessary Food Hygiene Certificates. Other actlvltles: Distribution of 600 'Good News, papers each month lo local families. Rotsted personal visits 10 170 families who have been ¢onla¢ted via this general distribution and wish contact with someone from the church. Throughout the year a rnonthly book-table, offering free Bibles and Christian Books look place in the local Town Street. This ¢onlinues to be popular with many local families and individuals, both UK and world Citizens, and by God's grace we intend lo continue it as an ongoing service to these peoples from differing cultures, communities and countries whom we would not meet in our normal dislribulion area. Although sometimes our regular liming conflicts with another group there have been no issues and we respect each otherfs right and desire lo be there. A themed Children's Book Table has been run al the end of each school-lerm where families and local children have been invited lo find a reading or colouring book for use in the school holidays. Books for the parents have also been freely available and Bibles on request. Bethel look part in the'Leeds City of Culture, day and a'MacMillian' Coffee afternoon. Mike has continued taking assemblies al a local primary school. where he is also a Governor with lead responsibility for safeguarding. Mike continues to support local primary schools lo resist any allempls by radical groups to press their views on school policies and practices that would have been damaging lo the pupils and staffs mental and emotional wellbeing and allended the local'anli- knife and organised crime inilialives. Bethel provided an inlera¢live Bible Exhibition for the local school and Workbooks for RE on Chrislianily lo assist teachers wilh minimal preparation for the Christian part of the syllabus. Bethel has used ils links and contacts lo provide an opportunity for residential groups from the school and staff at a reduced cost, bul these have not yet been taken up. The member of staff currently responsible is due lo retire and this offer will be made again once the new person has been identified. Bethel was again able lo be a conduit for the distribution of Christma8 presents for families in need from the Sainsbury stores Co1ction scheme.
Bethel Free Church Trustees. Annual Report (continue Year ended 31 December 2023 Mike undertakes occasional leadership of a local walking group for those men who are s(1811Y isolated and al risk of self-harm Isuicide amongst young men is reported to be in top 1 OOA for England). Mike is available lo lake Funeral sejvices of individuals who had some association with Bethel if the family requests that we undertake this last acl for them. This offered free as many families struggle lo pay for the basic funeral, even so many are now diverted into the low-cosl ¢rem8lion service approach. This is now raising issues regarding the relalive's unfulfilled bereavement and Bethel members are sought OLJI for comfort, guidan and emotional support. Where more expert support is required people are supported to a¢sS these. Any monies forthcoming lo the chur¢h or individuals from offering Funerals are paid into Ihe Church account. Mike has had lo be extensively involved with those 8llending church in-. resolving inheritance claims.. searching for lost relatives., encouraging people lo make Wills., supporting those who appear lo have been tricked into coming lo UK on promise of non-exisling work and liaising with Immigration Department when required. Telephone and email support is made available lo anyone in the Community who needs il and where appropriate fa¢e lo face meetings look place. General Sunday services and midweek meetings remained open lo all adults who wished lo allend and could respect others, rights lo be present and not feel intimidated. 'Sunday School, Limited and lime sensitive financial SLJPPOrt lo those known lo the church whose income does not meet their needs eg. Paying a phone bill lo allow continued communication and a¢coss to Universal Credit ac¢ounls. Advice and assistance in ensuring homes are warm, dry and safe. Arbilralion between neighbours to reduce social tension and avoid escalation of violence. Information sharing {CCTV footage) with the Police lo identify possible perpetrators and solve clime.
Bethel Free Church Trustees. Annual Report (conllnuedj Year ended 31 December 2023 Achievements and perfomiance Further lo those outlined above and in furtherance of our duty lo God lo meet the whole needs of people and not just spiritual. Bethel Free Church- Leeds CIO, has used every opportunity available to support those in the Community who have sought or needed emotional, mental and spiritual support and guidance especially at weekends or holidays en the professional agencies are unavailable. Ulilizing new and traditional methods, we have sought all those who allend lo become'good neighbours, or friends, lo any in need whilst endeavouring lo protect those volunteers offering such services from over commitment or exploilalion. The Elder and pastoral team have also.. continued to 8UPPOrt one family through the Family Court process,. engaged with Children's Services or Schools on behalf of children and families lo ensure fairness and understanding., supported individuals into work., continLJed lo raise the difficulty local families have of obtaining inexpensive Photo ID, as the local Agency failed after one SucsS to work wilh a private company offering such services. Bethel has been invited lo lake a major part in the local Community Days in 2024. Throughout 2023, Bethel saw an incre8se in those attending who originate from outside the UK and who were unknown lo each other before allending. We have. by therefore become in 'inlernalional church, and created a'family, where people feel welcomed, supported and encouraged. 11 is rare for anyone who comes into the church for the first lime not lo have some complicating issues and whilst our first priorily lo spread the Chrislian message. we believe wo are followng the Lord's example of His love lo all in seeking lo address their whole needs. Consequently, by God's grace, we are able lo continue to serve the Armley and New Wortley Communities in His Name and are a re¢ognised, respected and ceiVed addition to the Community. Financial review The Iruslees submit the financial slalemenls for the year ended 31 December 2023. The Stslemenl of Financial Activities shows a deficit of £1,56212022". surplus £4.494) which is unreslricled. Funds of the Trust at 31 December 2023 amount to £146,56012022.. £148,122). The trustees, annual report was approved on 14 October 2024 and signed on behalf of the board of Iruslees by.. M Donoghue Trustee
Bethel Free Church Indepèndent Examiner's Report to the Trustees of Bethel Free Church Year ended 31 December 2023 report to the trustees on my examination of the financial statements of Bethel Free Church I'lhe chariy) for the year ended 31 December 2023. Responsibilities and basis of report As the Iruslees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Chaiilies Act 20111'lhe Acl'l. I report in respect of my examination of the charity's financial slalemenls carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145151{bl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come lo my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act.. or the financial slalemenls do not accord with those records., or the financial statements do not comply with the applicable requirements Concerning the form and content of accounts sel out in the Charities IAccounls and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other mallers in connection with the examination to which allenlion should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Prik3511 Bolioiun IOct23,1024 14-.30GMT+ll D P Bohorun FCCA FCMI Independent Examiner 6 Howley Park Business Village Pullan Way Leeds England LS27 OBZ
Bethel Free Church Statement of Financial Activities Year ended 31 December 2023 2023 Unrestricted funds Total funds Total funds 2022 Note Income and endowments Donations and legacies Charitable activities Investment income 6,725 4,532 6,725 4,532 9,334 5,813 Totsl income 11,263 11,263 15,147 Expendlture Expenditure on charitable activities Total expenditure 12,825 12,825 12,825 10,653 12,825 10.653 Net lexpenditurellincome and net movement in funds 11.5621 11,5621 4,494 Reconciliation of funds Total funds broughl foward Total funds carried foNiard 148,122 148,122 143,628 148,122 146,560 146,560 The slalemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 9 to 15 form part of these finanelal $tatsmants.
Bethel Free Church statement of Financial Position 31 December 2023 2023 2022 Note Fixed assets Tangible fixed assets 13 126,229 126.536 Current assets Debtors Cash al bank and in hand 14 4.598 17,618 22,216 21,576 21,576 Crodltors.. amounts falllng due wlthin one year Net current assets 1.245 630 20,331 21,586 148,122 Totsl assets less current liabilities 146,560 146,560 Net assets 148,122 Funds of the charlty Unr&slricled funds 146,560 148.122 148.122 Total charity funds 16 146,560 These financial statements were approved by the board of Iruslees and aulhorised for issue on 14 October 2024, and are signed on behalf of the board by.. M Donoghue Trustee The notes on pages 9 to 15 form part of these fin8nclal statem8nts.
Bethel Free Church Notes to the Financial Statements Year ended 31 December 2023 General Information The ¢harily is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Bethel Free Church Leeds CIO, Fourteenth Avenue. Leeds. LS12 1 LE. Statement of compliance These financial stslemenls have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP {FRS 1021) and the Charities Act 2011. Accountlng pollcles Basis of preparation The financial slalemenls have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured al fair value through income or expenditure. The financial slalemenls are prepared in sterling, which is the functional currency of the enlily. Going concern There are no material uncertainties about the charills ability to continue. Judgements and key sources of estimation uncertalnty The preparation of the financial slalemenls requires management lo make judgements, eslimales and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, in¢luding expe¢talions of future events that are believed lo be reasonable under the circumstances. Fund accounting Unreslricled funds are available for use al the discretion of the trustees lo further any of the charitls purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Reslricled funds are subjected lo reslriclions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of sub-classes.. restricted income funcls or endowment funds.
Bethel Free Church Notes to the Financial Statements (conlinued) Year ended 31 December 2023 Accounting pollcles (contlnued) Incoming resources All incoming resources are included in the slalemenl of financial aclimlies when enlillement has passed lo the charity.. il is probable that the economic benefits associated with the transaction will flow lo the charity and the arnounl can be reliably measured. The following specific policies are applied lo particular Categories of in¢ome'. income from donations or grants is recognised when there is evidence of enlillement to the gift. receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and enlillement is established. income from donated goods is measured al the fair value of the goods unless this is impracli¢al lo measure reliably, in which case the value is derived from the cost lo the donor or the eslimaled r¢sale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from conlr2cls for the supply of setvitts is recognised Mrilh the delivery of the contracted service. This is ¢lassified as unreslricled funds unless there is a contractual requirement for il to be spent on a particular purpose and returned if unspent, in which case il may be reg8rded as reslricled. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classrfied under headings of the slalement of financial activities lo which It relates.. expendFture on raising funds includes the costs of all fundraising aclNilies, events, non- charitable trading aclivilies, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of ils beneficiaries, including those support costs and Costs relating lo the governance of the charity apportioned lo charitable aclivilies. other expenditure includes all expenditure that is neither related lo raising funds for the charity nor part of ils expendiluro on charitable aclivilies. All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs allribulable lo a single activity are allocated directly lo that aclivily. Shared costs are apportioned between the aclivilies they contribute lo on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded al cost, and subsequently staled al cost less any accumulated depreciation and impairment losses. Any tangible assets carried al revalued amounts are recorded al the fair value al the dale of revaluation less any subsequent accumulated depreciation and SLJbsequenl accumulated impairment losses. 10
Bethel Free Church Notes to the Financial Statements (conllnuad) Year ended 31 December 2023 Accountlng pollcles {contlnvedJ Tangible assets (conllnuedj An increase in the carrying amount of an asset as a result of a revaluation, is rewgnised in other recognised 9ains and losses. unless il reverses a charge for impairment that has pieviously been recognised as expenditure within the slalemenl of financial aclivilies. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other re¢ognised gains and losses, except lo which il offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial aclivilies. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less ils residLJal value, over the useful economic life of Ihal asset as follows.. Equipment 200A reducing balance Impairment of flxed assets A review for indicators of impairme1 is carried out al each reporting dale, with the recoverable amount being estimated where such indicators exist. Where the Carrying value eXedS the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal al each reporting dale. For the purposes of impaimienl testing, when il is not possible lo estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amoLJnl of the cash- generating unil to which the asset belongs. The cash-generaling Ltnil is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment lesling of goodwill, the goodwill acquired in a business ¢ombinalion is, from the acquisition dale, allocated to each of the cash-generaling units that are expected lo benefit from the synergies of the combillalion, irrespective of whether other assets or liabilities of the charity are assigned lo those units. Flnanclal instruments A financial asset or a financial liability is recognised only when the charity becomes a party lo the contractual provisions of the inslrumenl. Basic financial instruments are initially recognised al the amount receivable or payable in¢luding any related transaction costs. Current assets and current liabilities are subsequenlly measured al the cash or other consideTalion expected to be paid or received and not discounted. Debt instruments are subsequently measured al amortised cost. Where investments in shares are publicly traded or their fair value can otherwse be measured reliably, the investment is subsequently measured al fair value wlh changes in fair value recognised in income and expenditure. All other such investments are subsequently measured al cost less impairrnenl.
Bethel Free Church Notes to the Financial Statements (toijtinued) Year ended 31 December 2023 A¢countlng policies (Collllnued) Fillancial instrum&nts (eonlinuerl) Other financial inslrumenls, including derivatives. are initially recognised al fair value, unless payment for an asset is deferred beyond normal business terms or financed al a rale of interest that is not a market rate. in which case the asset is measured al the present value of the future payments discounted al a market rate of interest for a similar debt inslrumenl. Other financial instruments are subsequently measureé al fair value, with any changes recognised in the slalemenl of financial activities, with the eXpIlOn of hedging instruments in a designated hedging relationship. Financial assets that are measured al cost or amortised cost are reviewed for ohjeclive evidence of impairment al the end of each reporting dale. If there is objective evidence of impairment, an impairment loss is re¢ognised under the appropriate heading in the slalemenl of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance. and other frnancial assets that are individually signilicanl, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characlerisli¢s. Any reversals of impaimienl are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carryin9 amount would have been had the impairment not previous been recognised. Donations and legacies Unreslricled Total Funds Unreslricled Total Funds Funds 2023 Funds 2022 Donations Donations 3,225 3,225 7.334 7,334 Grants Grants 3,500 6.725 3,500 6.725 2,000 9,334 2,000 9,334 Charitable activities Unrestricted Total Funds Unreslricled Total Funds Funds 2023 Funds 2022 Other ineome from charitable activities 4,532 4,532 5.813 5,813 Investment income Unreslricled Total Funds Unreslricled Total Funds Funds 2023 Funds 2022 Bank interest receivable 12
Bethel Free Church Notes to the Financial Statements (coyjtinued) Year ended 31 December 2023 Expendlturo on charltable actlvltlos by fund type Unreslricled Total Funds Unreslricled Total Funds Funds 2023 Funds 2022 Charitable Activities Support costs 11.918 907 11,918 907 9.699 954 9,699 954 12,825 12,825 10,653 10,653 Expendlture on charltable actlvltles by actlvity type Activities undertaken directly Support costs Total funds 2023 Total fund 2022 Charitable A¢liwlies Governance costs 11,918 11,918 907 9,699 954 907 11,918 S07 12,825 10,653 Net lexpenditurellincome Nel lexpendilurellincome is staled after chargingl{¢redilingl'. 2023 2022 Depreciation of tangible fixed assets 307 384 10. Independent examlnatlon fees 2023 2022 Fees payable lo the independent examiner for.. Independent examination of the financial slalemenls 630 630 11. Stsff costs The average head count of employees during the year was Nil {2022.' Nill. No employee reiVed employee benefits of more than £60.000 during the year {2022'. Nill. 12. Trustee remuneration and expenses No remuneration or other benefits from employment with the ¢harily or a related enlily were received by the Iruslees. 13
Bethel Free Church Notes to the Financial Statements (conllnuerl) Year ended 31 December 2023 13. Tanglble fixed assots Freehold property Equipment Total Cost At 1 January 2023 and 31 December 2023 Depreclatlon Al 1 January 2023 Charge for the year At 31 December 2023 125,000 3,000 128,000 1,464 307 1,464 307 1,771 1,771 Carrylng amount At 31 December 2023 125,000 125,OQO 1.229 1,536 126,229 126,536 Al 31 December 2022 14. Debtors 2023 2022 Other debtors 4.598 15. Creditors: amounts falling due within one year 2023 2022 Accruals and deferred income Other Creditors 630 615 630 1,245 630 16. Analysls of charltable funds Unrestricted funds Al 1 January 202 At 31 Decembar 2023 Income Expenditure General funds 148,122 11,263 112,8251 146,0 Al 1 January 202 Al 31 December 2022 Incomo Expenditure General funds 143.628 15,147 {10.653) 148,122 14
Bethel Free Church Notes to the Financial Statements (Conllntsedj Year ended 31 De¢ember 2023 17. AnaSysls of net assets between funds Unrestlicted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net a55ets 126,229 21,576 11.2451 146,560 126,229 21,576 11,245) 146,560 Unreslricled Total Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 year Net assets 126,536 22,216 16301 148,122 126,536 22.216 16301 148,122 15