CHARITY REGISTRATION NUMBER: 1184691 Bethel Free Church Unaudited Financial Statements 31 December 2024 BOH LTD Chartered Certified Accountants 6 Howley Park Business Village Pullan Way Leeds England LS27 OBZ Bethel Free Church Financial Statements Year ended 31 December 2024 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial slatements Bethel Free Church Trustees. Annual Reporl Year ended 31 December 2024 The Iruslees present their report and the unaudited financial slalemenls ol the charity lor the year ended 31 December 2024. Reference and adminlstratlve detalls Registered charlty name Bethel Free Church Charity regislralion number 1184691 Prlnclpal oltlce Bethel Free Church - L&eds CIO Fourteenth Avenue Leeds LS121LE The trustees M Donoghue J Peel E Reeve G Reeve A search lor others lo serve Independent examiner D P Bohorun FCCA FCMI 6 Howley Park Business Villag& Pullan Way Leeds England LS27 OBZ Bethel Free Church Trustees, Annual Report (corjllnued) Year ended 31 December 2024 structurej governance and management Bethel Free Chur¢h- Leeds is a non-prolil Charitable Incorporated Organisalion and is registered with the Charity Commission lor England and Wales under number 1184691. A list ol the current Trustees can be found above. Its principal place ol business is.. Bethel Free Church - Leeds CIO Fourteenth Avenue Leeds LS12 1 LE Organisational Structure Bethel Free Church - Leeds CIO is governed by ils conslitulional documents, including an 'Expression ol our Church practice and Christian ethics, slalemenl, filed with the Charity Commission lor England and Wales from ils inception. By conslilulion Bethel Free Church - Leeds CIO musl have a minimum ol three Trustees. All new Charity Trustees must be appointed by a resolution passed al a prop&rly ¢onvened meeting ol the Charily Trustees. In selecting individuals lor appointment as Charity Trustees, the Charily Trustees musl have regard to the skills, knowledge and experience needed lor the ellective administration ol the CIO. All Charity Trustees must subscribe and adhere to, in belief and lileslyle, the Slalemenl ol Faith. Governance and Management Policy and slralegie docisions are referred lo and made by the Trustees at properly Constituted Meetings or electronic Communications when the subject maller allows. Decisions are taken according to a 60Vo majority ol voles ol Ihosts eligible lo vole al that meeting, unless il is a major decision when the maller will be adjourned until all can allend. Day to day decisions are delegated lo the Church Elcser and Church Members in line with agreed principals and objectives. Potential conflicts ol interests have been idenlilied, i.e., where married couple are both serving as Iruslees, il could appear that either one could exert inappropriate or disproportionate influence upon the other's decisions. 11 is agreed by the Janel Peel and myself that, whilst it is lo be expected and hoped that they will discuss Trusts mallers between themselves outside ol formal Truslees meetings, much as any Trustee may, we are ¢onlid8nl that their individual alI￿lance and commilmtrnl lo God first and loremosl. coupled with their respect lor each other, will result in Iherll expressing their own views and decisions in regard to Trusl mallers. Rlsk Management The Trustees have identified the major strategic risks lo which Bethel Free Church - Leeds CIO is exposed and has established controls and actions lo miligale them. Risk Management is carried out annually and is monilor&d al 6ach ol the Trustees quarterly Meetings. The Trustees lake all reasonable steps lo moderate and Tnanage the potential risks along wth buslness and financial risks. Bethel Free Church Trustees, Annual Report (Coljllnutsd) Year ended 31 December 2024 Objectives and activities Objectives: The Objectives ol the CIO are, lor the public benefit.. the advancement ol the Christian lailh in Leeds in accordance with the Slalement ol Faith and such other parts ol the United Kingdom and tha world as the Charity Trustees may from lime to lime decide. Activities: Although we remain conscious and alert to any new public health issues since the Covid 19 pandemic, in particular in regard lo mental health issues in adult and young people, and these will impact upon our capacity and abilities lo respond lo any given situation, never-the-less we have returned to and extended normal levels ol activity where volunteers and lime allow.. A plan lo 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 lo our kitchen facilities in time. In principle, improvements were agreed and plans lo upgrade the kitchen area ar& now in place and relevant members are undertaking training in the necessary Food Hygiene Certillcales. Other aetivities: Distribution 01750 'Good News, papers each month lo local families. Rolaled personal visits lo 170 families who have been contacted via this general distribution and wish contact with someone from the Church. Throughout the year a monthly book-lable, ollering free Bibles and Christian Books look place in the local Town Slreel. This continues lo be popular with many local families and individuals, both UK and world citizens, and by God's grace we intend lo continue il as an ongoing Servi￿ lo these peoples from differing cultures, communities and COLJnlri8s whom we would not meet in our normal distribution area. Although sometimes our regular liming conflicts with another group there have been no issues and we respect each other's right and desire lo be there. A themed Children's Book Table has been run b￿lce in 2024 at the end ol school-lerms whore larnilies and local children have been invited to lind a reading or colouring book lor use in the school holidays. Books for the parents have also been freely available and Bibles on request. Bethel look part in Iwo local 'Communily Festivals, and hosted a'MacMillian' Collee allernoon. Mike has continued taking assemblies al a local primary school, where he is also a Governor with lead responsibility lor safeguarding. Mike continues lo support lo¢al primary s¢hools lo resist any allempls by radical groups to press their views on school policies and practices that would have be&n damaging lo the pupils and stall's mental and emotional we11being and attended the lrtal 'anli- knife and organised crime inilialives. Nancy Obinwa has also become a School Governor and taken on the lead role ol SEND Governor. Bethel provided an inleraclive Bible Exhibition for the local school and Workbooks lor RE on Christianity lo assist teachers with minimal preparation lor the Christian part ol the syllabus. Bethel has used ils links and contacts lo provide an opportunity lor residential groups from the school and stall al a reduced cost, bul these have not yel been taken up. The member ol stall currently responsible is due lo retire and this oller will be made again once the new person has been idenlilied. Bethel was again able to be a conduit lor the distribution ol Christmas presents for families in need Bethel Free Church Trustees. Annual Report (contlnuedl Year ended 31 December 2024 from the Sainsbury stores collection scheme. Mike undertakes occasional leadership ol a local walking group lor those men who are socially isolated and al risk ol sell-harm (suicide amongst young men is reported lo be in lop 10°k lor England). Mike is available lo lake Funeral services ol individuals who had some association wlh Bethel il the family requests that we undertake this last act lor them. This ollered free as many families struggle lo pay lor the basic funeral, even so many are now diverted into the low-cosl cremation service approach. This is now raising issues regarding the relative's unfulfilled bereavement and Bethel members are sought out lor comfort, guidance and emotional support. Where mor8 expert support is required people are supported lo access Ih8se. Any monies forthcoming lo the church or individuals from ollering Funerals are paid into the Church account. Mike has had lo be extensively involved with those attending church In.. resolving inheritance claims,. searching lor lost relatives.. encouraging people lo make Wills., supporting those who appear lo have been tricked into coming to UK on promise ol 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 lace lo lace meetings took place. Genera1 Sunday seNices and midweek meetings remained open to 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 support lo those known lo the church whose income does not meel their needs eg. Paying a phone bill lo allow continued communication and access lo Universal Credit accounts. Advice and assistance in ensLJrino homes are warm, dry and sale. Arbilralion between neighbours lo reduce social tension and avold escalation ol violence. Information sharino ICCTV loolagel with the Police lo identify possible perpelralors and solve crime. Bethel Free Church Trustees, Annual Reporl (contlnuedj Year ended 31 December 2024 Achlevements and performance Further lo those outlined above and in lurlherance ol our duly lo God lo meet the whole needs ol people and not just spiritual, Bethel Free Church- Leeds GIO, has used every opporlunily available to support those in the Community who have sought or needed emotional, mental and spiritual support and guidance especially at weekends or holidays when the professional agencies are unavaiable. 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 Ihose volunteers ollering such services from over commitment or 6xploilalion. The Elder and pastoral team have also.. continued lo support one family through the Family Court process,. engaged with Children's Services or Schools on behalf ol children and families lo ensure fairness and understanding., supported individuals into work., continued lo raise the dillicully local lamilies have ol obtaining inexpensive Photo ID, as the local Agency failed aller one success lo work with a private company ollering such services. Bethel has been invited to take a major part in the local ComTnunily Days in 2024. Throughout 2024, Bethel saw an increase in those allending who originate from outside the UK and who w&re unknown lo each other before allending. We have, by therefore become an 'inl&rnalional church. and created a 'lamilY where people feel welcomed, supported and encouraged. 11 is rare lor anyone who comes into the church for the first lime not to have some complicating issues and whilst our first priority lo spread the Christian message, we believe we are following the Lord's example ol His love lo all in seeking lo address their whole needs. Consequently, by God's grac6, we are able to continue lo serve the Armley and New Wortley Communities in His Name and are a recognised, respected and received addition to the Community. Flnancial review The Iruslees submit the financial slalements lor the year ended 31 December 2024. The Slalemenl ol Financial Aclivilies shows a surplus of £63 12023.. delicil £1,562) which is unrestricted. Funds ol the Trust al 31 Dec&mber 2024 amount lo £146,62312023'. £146.5601. The Iruslees, annual Yeporl was approved on Iruslees by,. and signed on behalf of the board of MDO Trust Bethel Free Church Independent Examlner's Report lo the Truslees of Bethel Free Church Year ended 31 December 2024 I report lo the trustees on my examination ol the financial slalemenls ol Bethel Free Church I'the charily'l lor the year ended 31 December 2024. Responsibilities and basls ol report As the trustees ol the charity you are resF)onsible lor the preparation ol the financial statements in accordance with the requirements of the Charities Act 20111'lhe Acl'l. I report in respect ol my examination ol the charills financial slalemenls carried out under section 145 ol the 2011 Acl and in carrying out my examinalion I have followed all the applicable Directions given by the Charity Commission under section 14515llbl ol the Act. Independent examlner's statement I have completed my examination. I confirm that no material matters have coffle lo my allenlion in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respe¢l ol the charity as required by section 130 01 the Act., or the financial slalemenls do not accord with those reeords., or the financial slalements do not comply with the applicable requirements concerning the form and conlenl ol accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and lair, view which is not a matter considered as part ol an independent examination. have no concerns and have Come across no other rnallers in conneclion with the examination lo which a tion should be drawn in this report in order to enable a prop8r understanding ol the acc reached. DPBO fdepe FCCA FCMI nt Examiner 6 Howley Park Business Village Pullan Way Le&ds England LS27 OBZ Bethel Free Church Statement of Financial Activities Year ended 31 December 2024 2024 Unrestricted funds Tolal funds 2023 Total funds Nole Income and endowments Donations and legacies Charitable activities Investment income 6,227 6,374 6,227 6,374 6,725 4,532 Total Income 12,601 12,601 11,263 Expèndllure Expenditure on charitable actiwli6s Total expèndllure 12,538 12,538 12,825 12,825 12,538 12.538 Net incomel{expenditure} and net movemenl in funds 63 63 11.5621 Reconcllialion of lunds Tolal funds brought forward Total funds carried forward 146,560 146,560 146,623 148,122 146,623 146,560 The slalemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing acllvilies. The notes on pages 9 to 15 form part of these Ilnanclal $latem8nls. Bethel Free Church Statement of Financial Position 31 December 2024 2024 2023 Note Fixed assets Tangible fixed assets 125,983 126,229 Current assets Cash at bank and in hand 21,679 21,576 Creditors: amounts falllng due within one year Net current assets 14 1,039 20,640 146,623 146,623 1,245 20,331 Total assets less current Ilabllltles 146,560 146,560 Nel assets Funds of the charity Unreslricled funds 146,623 146,623 146,560 146,560 Total charity lunds 15 Th se financial slalemenls were approved by the toard ol trustees and aulhorised lor issue on and are signed on behalf ol the board by.. M Dono Trustee The notes on pages 9 to 15 form part of these financlal statements. Bethel Free Church Notes to the Flnancial Statements Year ended 31 December 2024 General informatlon The charity is a public benefit enlily and a regislered charity in England and Wales and is unincorporated. The address ol the principal ollice is Bethel Free Church Leeds CIO, Fourleenlh Avenue, Leeds, LS12 1 LE. Statement of compliance These financial slalemenls have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic ol Ireland,. the Slalement ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 Icharilies SORP IFRS 10211 and the Charities Act 2011. Accountlng pollcies Basts ol preparation The financial slalemenls have been prepared on the historical cost basis, as modified by the revaluation ol certain financial assets and liabilities and investment properties measured at lair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entily. Golng concern There are no material uncertainties about the charilvs ability lo continue. Judgements and key sources of estlmatlon uncertainty The preparation ol the financial statements requires management to make judgements, estimates and assumptions that allecl the amounts reported. These eslimales and judgements are continually reviewed and are based on experience and other laclors, including expe¢lalions ol lulure events that are believed lo be reasonable under the eircumslances. Fund accounting Unreslricled funds are available lor use al the discretion ol the Iruslees lo further any ol the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees lor particular lulure project or comrnilmenl. Reslri¢led funds are subjected lo reslriclions on their exp6ndilure declared by the donor or through the terms of an appeal, and fall into one ol two sub-classes.. reslricled income funds or endowment funds. Bethel Free Church Notes to Ihe Flnancial Statements (Con11n￿d? Year ended 31 December 2024 Accounting policies (cantltjupdj Incoming resources All incoming resources are included in the slalement ol financial activities when enlillemenl has passed lo the ¢harily- il is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories ol income.. income from donations or grants is recognised when there is evidence ol enlillemonl lo 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 at the lair value ol the goods unless this is impractical lo m&asure reliably, in which case the value is derived from the cost lo the donor or the eslimaled resale value. Donaled facilities and services are recognised in the accounts when received il the value can be reliably measured. No amounts are included lor the contribution of oeneral volunteers. income from contracts for the supply of services is recognised with the delivery of the Gonlracled service. This is classified as unreslricled funds unless there 15 a conlraclual requirement lor it to be spent on a particular PLJrpose and returned il unspent, in which case il may be regarded as reslricled. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be lully recovered, and is classified under headings ol the statement of linanclal activities lo which il relates.. expenditure on raising funds includes the costs of all fundraising aclivilies, events, non- charitable trading aclivilies, and the sale ol donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims lor the benefit ol ils beneficiaries. including those supporl costs and costs relating lo the governance ol the charity apportioned to charitable aclivilies. other expenditure includes all expenditure that is neilher related to raising funds lor the charity nor part ol ils expenditure on charitable aclivilies. All costs are allo¢aled lo expenditure categories reflecting the use ol the resource. Direct costs allribulable to a single activity are allocated directly lo that aclivily. Shared costs are apportioned between the activities they contribute lo on a reasonabl&, jusliliable and consistent basis. Tanglble assets Tangible assets are initially recorded at cost, and subsequently slated al cost less any accumulated depreciation and impairment losses. Any tangible assets carried al revalued amounts are recorded al the lair value al the dale ol revaluation less any subsequenl accumulated depreciation and subsequent accumulated impairment losses. 10 Bethel Free Church Notes to the FinancTal Statements (contlnuodl Year ended 31 December 2024 Accounting policies (conllnued) Tangible a$setS {conllnued? An increase in the carrying amount ol an asset as a result of a revaluation, is recognised in other recognised gains and losses. unless il reverses a charge lor impairment that has previously b&en recognised as expenditure ￿￿thIn the slalemenl ol financial activities. A decrease in the carrying amoLJnl ol an asset as a result ol revaluation, is recognised in other recognised gains and 5osses, except lo which it ollsels any previous reva5ualion gain. in which case the loss is shown within olher recognised gains and losses on the statement ol financial activities. Doprecialion Depreciation is calculated so as to write oll the cost or valuation ol an asset. less ils residual value, over the useful economic life ol that asset as follows= Equipment 20°/0 reducing balance Impairmenl of fixed assets A review lor indicators of impairment is carried OLJI al each reporting dale, with the recoverable amount being eslimaled where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed lor possible reversal at each reporting dale. For the purposes ol impairment lesling, when il is not possible lo estimate the recoverable amount ol an individual asset, an estimate is mad& ol the recoverable amount ol the cash- generating unil lo which the asset belongs. The cash-generaling unil is the smallest idenliliable group ol assets Ihal includes the assel and generates cash inflows that largely independent ol the cash inflows from other assets or groups ol assets. For impairment lesling ol goodwill. the goodwill acquired in a business combination is, from the acquisition dale, allocated lo each ol the cash-generating units that are expected lo benefit Iro the synergie5 01 the combination, irrespective ol whether other assets or liabilities ol the charity are assigned to those units. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party lo the conlraclual provisions ol the inslrumenl. Basic financial instruments are initially recognised al the amount rec8ivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected lo be paid or received and not discounted. Debt instruments are subsequently measured al amortised cost. Where investments in shares are publicly trad￿ or their lair value Can olhervmse be measured reliably, the investment is subsequently measured at lair value with changes in lair value recoonised in in¢ome and expenditure. All other such investments are subsequenlly measured al cost less impairment. 11 Bethel Free Church Notes to the Financial Statements (coniinued) Year ended 31 December 2024 Accounling policies (Lontltyu￿J Flnanclal Inslruments (conllJ7ued? Other financial inslrumenls, including derivatives, ar6 initially recognised al lair value, unless payment lor an asset is deferred beyond normal busines5 terms or financed al a rale ol inloresl that is not a market rate, in which case the asset is measured al the present value ol the lulure payments discounted al a market rale ol inl&resl lor a similar debt inslrumenl. Other financial instruments are subsequently measured al tair value, with any changes recognised in the slalemenl ol financial aclivilies, wth the exoeplion of hedging instrumen15 in a designated hedging relationship. Financial assets that are measured al cost or amortised cost are reviewed for objective evidence ol impairment al the end ol each reporting dale. 11 there is objective evidence ol impairment, an impairment loss is recognised under the appropriate heading in the statement ol financial aclivili&s in which th& initia5 gain was recognised. For all equity instruments regardless ol significance, and other financial assets that are individually significant, these are assessed individually lor impairrnenl. Other financial assets are either assessed individually or grouped on the basis ol similar ¢redil risk chara¢lerisli¢s. Any reversals ol impairment are recognised immediately, lo the extent that the reversal does not result in a carrying amount ol the financial asset Ihal exceeds what the carrying amount would have b&en had th& impairment not previously been recognised. Donatlons and legacles Unreslricled Total Funds Unreslricled Total Funds Funds 2024 Funds 2023 Donations Donations 6,227 6,227 3,225 3,225 Grants Grants 3.500 3.500 6,227 6.227 6.725 6.725 Charltable acllvltles Unreslricled Total Funds Unreslricled Total Funds Funds 2024 Funds 2023 Other income from charitable activili8s 6,374 6,374 4,532 4,532 Investment Income Unreslricled Total Funds Unreslricled Total Funds Funds 2024 Funds 2023 Bank interest receivable 12 Bethel Free Church Noles to the Financial Statements (conllnued) Year ended 31 December 2024 Expendlture on charitable activities by lund type Unreslricled Total Funds Unreslricled Total Funds Funds 2024 Funds 2023 Charitable Aclivilies Support costs 11,663 875 11,663 875 11,918 907 11,918 907 12,538 12,538 12,825 12.825 Expenditure on charltable actlvltles by activity type Activities undertaken directly Support costs Total lunds 2024 Total fund 2023 Charitable Activities Governance costs 11,663 11.663 875 11,918 907 875 11,663 875 12,538 12,825 Net incomel{expendlturel Nel incomellexpendilur&l is slated aller chargingllcredilingl.. 2024 2023 Depreciation ol tangible fixed assets 246 307 10. Independent examinatlon lees 2024 2023 Fees payable lo the independent examiner for.. Independent examination ol the financial slalements 630 630 11. Staff costs The average head count ol employees during the year was Nil12023.' Nill. No employee received employee benefits ol mor& than £60,000 during the year12023: Nill. 12. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a relaled enlily were received by the Iruslees. 13 Bethel Free Church Notes to the Financial Statemenls {oonllnued) Year ended 31 December 2024 13. Tangible fixed assets Fr&ehold property Equipment Total Cost At 1 January 2024 and 31 December 2024 Depreciation At 1 January 2024 Charge lor the year At 31 Decembei 2024 125,000 3,000 128.000 1,771 246 1,771 246 2,017 2,017 Carrylng amount At 31 December 2024 125,000 983 125,983 Ai 31 Oecember 2023 125,000 1,229 126,229 14. Credltors: amounts falllng due within one year 2024 2023 Accruals and deferred income Other cr&dilors 630 409 630 615 1,039 1,245 15. Analysls of charitable funds Unrestricted funds Al l January 202 310ecember 2024 Income Expendilure General funds 146,560 12.601 112.5381 146,623 Al 1 January 202 Al 31 December 2023 Income Expenditure General funds 148,122 11,263 112.8251 146,560 14 Bethel Free Church Notes to the Financial Statemenls f¢onllnued) Year ended 31 December 2024 16. Analysis of net assèts between funds Unrestricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Nel assets 125,983 21,679 11,0391 146,623 125,983 21,679 11,0391 146,623 Unreslricled Total Funds Funds 2023 Tangible fixed assets current assets Credilors less than 1 year Net assets 126,229 21,576 11,2451 146,560 126,229 21,576 11,2451 146,560 15