**Charity Number**
1191043
## **FREEDOM CHURCH TRUST CHARITY ACCOUNTS**
## **Report and Accounts**
**for the year ending**
**31 March 2022**
## **FREEDOM CHURCH TRUST CHARITY ACCOUNTS**
## **Report and Accounts for the year ending 31 March 2022**
|**Contents**|**Page**|
|---|---|
|Trust Information|1|
|Trustees Report|2-4|
|Trustees Responsibilities|5|
|Independent Examiner’s Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Accounts|9-11|
|Detailed Statement of Financial Activities||
|Tithe Account|12|
|Offerings Account|13|
|Restricted Offerings Account|14|
## **FREEDOM CHURCH TRUST CHARITY ACCOUNTS**
## **Trust Information for the year ending 31 March 2022**
**Charity Number** 1191043 **Trustees** S Allan (Chair) M Ayers Resigned 30.11.2021 P Woodthorpe Resigned 30.11.2021 I Nundy Appointed 01.12.2021 D Lavery Appointed 01.12.2021 / Resigned 31.03.2022 R Edden Appointed 01.04.2022 **Address** 7 Londesboro Terrace Leeds LS9 9NE **Independent Examiner** Samantha J Sutcliffe F.C.C.A Torevell Dent Limited Centre of Excellence Hope Park Trevor Foster Way Bradford BD5 8HH
Page 1
## **FREEDOM CHURCH TRUST CHARITY ACCOUNTS**
## **Trustees Annual Report**
## **for the year ending 31 March 2022**
The Trustees present their report and financial statements for the period ended 31 March 2022.
## **Objectives, Organisation and Activities**
Freedom Church Trust was constituted on the 27th August 2020 and is a Registered Charity numbered 1191043
The church presently gathers online due to Covid 19 pandemic.
The administrative address is 7 Londesboro Terrace, East End Park, LS9 9NE.
## **The Objectives of the Charity are:**
- a) the advancement of the Christian faith
- b) the promotion of Christian principles
- c) the relief of the poor, the sick or others in material need
- d) social welfare by means of recreation or other leisure pursuits
The Trust employs a small number of pastoral and administrative staff. Most activities however are led and supported by members of the Church community who work voluntary.
## **Activities include:**
- support for Christian ministry in Leeds and further afield;
- training and teaching in Biblical principles and practice;
- provision for families, young people and students
These activities are managed by a variety of leadership and support teams.
## **Trustees**
Those who served during the year were:
S Allan M Ayers P Woodthorpe I Nundy D Lavery
New trustees do not need to be members of the church congregation but need to have the competences to enable them to contribute to the work of the Trustee Board. The individual requirements would, to some extent, depend on the balance and composition of the board at the time of a vacancy.
Appointments are made by the existing trustees acting on the basis of recommendations from their
Page 2
own number and the leadership of the church.
Page 3
## **FREEDOM CHURCH TRUST CHARITY ACCOUNTS**
## **Trustees Annual Report (continued) for the year ending 31 March 2022**
The Trust's policy is to provide induction for any new Trustee. The Trustees meet when and as required to ensure timely decision making. Trustees are in regular communication which is noted digitally.
## **Agents and Advisers**
The Independent Examiner is Mrs S.J Sutcliffe FCCA of Torevell Dent Ltd, Chartered Certified Accountants of Bradford. The Bank accounts of the Trust are maintained at CAF Bank Ltd.
## **Public Benefit Statement**
Freedom Church Trust is involved with a wide range of activates in pursuance of its charitable aims. The trustees are always vigilant to ensure that the projects we undertake are in line with these objectives. The Trustees have paid due regard to the Charity Commission's guidance on the public benefit in deciding which activities the charity should undertake. The Trustees consider that these activities, which are summarised below, provide benefit to the public.
## **Review of Progress and Achievements**
During the year the Trust maintained support for ministries in the U.K. and also supported some international ministries with occasional gifts.
The Trust supported training and development for the staff team.
The Trust enabled and participated in a number of events and continues to work in partnership with Kidz Klub Leeds to connect with, and provide for, venerable children and families within East End Park. The church continues to develop relationships with All Saints School, with two church members serving as Governors.
We also increased, and invested into our internet and social media exposure, particularly due to the COVID-19 pandemic. We began an outreach channel call 'Crossed Wires' on YouTube, discussing contempory themes and interviewing Christians working in different spheres of business and the arts.
The leadership team of the church has been developed further with investment into these people through training and personal development.
It is of note that the activities of the church occurred online during the COVid-19 pandemic. This primarily included Zoom meetings for whole church prayer, mission groups and youth, as well as Sunday Service broadcast via YouTube.
Page 3
## **FREEDOM CHURCH TRUST CHARITY ACCOUNTS**
## **Trustees Annual Report (continued)**
## **for the year ending 31 March 2022**
## **Review of Financial Activities and Affairs**
The total income for the period was £131,936
After deducting expenditure of £101,327 the net incomin
The Trust's cash-flow is funded in part by gift-aided tax t
Full details of the financial transactions are contained in charity at 31 March 2022 were £371,574
## **Future Plans**
The Trust, together with the church leadership, plan to d maintaining the Trust and its core objectives. As well as support relevant Christian projects predominantly in the from these organisations for small monetary grants. Th equipment to zero. The Trust will look at changing the na
The Trust continues with its core mission and policy of in poor relief and ministry support.
## **Reserves Policy**
It is the policy of the charity to maintain unrestricted fun to cover administration and support costs, to meet conti unrestricted funds varies throughout the year in respons income flows.
Signed on behalf of the trustees
……………………………….
## **Stuart Allan Chair**
## **3 January 2023**
Page 4
Page 4
## **FREEDOM CHURCH TRUST CHARITY ACCOUNTS**
## **Statement of Trustees Responsibilities for the year ending 31 March 2022**
The trustees are responsible for preparing the Report of the Trustees and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards.
The law applicable to charities in England and Wales, the Charity Act 2011 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the Financial Statements;
- prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the Financial Statements comply with the Charities Act 2011 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 5
## **FREEDOM CHURCH TRUST CHARITY ACCOUNTS**
## **Independent Examiner’s Report to the Trustees of Freedom Church Trust for the year ending 31 March 2022**
I report on the accounts of the Trust for the period ending 31 March 2022, which are set out on pages 7 to 11.
## **Responsibilities and basis of report**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the Trust's accounts 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 145(5)(b) of the Act.
## **Independent Examiner’s Statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- **.** accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
- **.** the accounts do not accord with those records; or
- **.** the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts 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 matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
………………………………………………………
**Mrs S. J. Sutcliffe FCCA Torevell Dent Limited Chartered and Certified Accountants Centre of Excellence Hope Park Trevor Foster Way Bradford BD5 8HH**
**03 January 2023**
Page 6
## **FREEDOM CHURCH TRUST CHARITY ACCOUNTS**
## **Statement of Financial Activities for the year ending 31 March 2022**
|**Notes**
**Income from:**
Donations and Legacies
Other income
Investment Income
**Total**
**Expenditure on:**
Charitable Activities
2
Other
2
**Total expenditure**
**Net income/(expenditure) before gains**
**and losses**
Transfer of funds
**Net movement in funds**
Funds brought forward
**Total funds carried forward**|**Unrestricted**
**Funds**
**£**
115,921
15,981
34
**131,936**
76,325
5,984
**82,309**
49,627
(19,018)
**30,609**
340,965
**371,574**|**Restricted**
**Funds**
**£**
-
-
-
19,018
-
**19,018**
(19,018)
19,018
**-**
-
**-**|**2022**
**2021**
**Total**
**Total**
**Funds**
**Funds**
**£**
**£**
115,921
43,658
15,981
342,421
34
-
**131,936**
**386,079**
95,343
40,236
5,984
4,878
**101,327**
**45,114**
30,609
340,965
-
-
**30,609**
**340,965**
340,965
-
**371,574**
**340,965**|
|---|---|---|---|
Page 7
## **FREEDOM CHURCH TRUST CHARITY ACCOUNTS**
## **Balance Sheet as at 31st March 2022.**
|**Notes**
**Fixed Assets**
Tangible assets
3
**Current Assets**
Debtors
4
Cash at bank and in hand
**Liabilities**
Creditors: Amounts falling due
5
within one year
**Net Current Assets**
**Total Net Assets or Liabilities**
**The Funds of the Charity**
Unrestricted Funds
Restricted Income Funds
**Total Charity Funds**|**Unrestricted**
**Funds**
**£**
124,041
124,041
-
252,452
252,452
(4,919)
**247,533**
**371,574**|**Restricted**
**Funds**
**£**
-
-
-
-
-
-
**-**
**-**|**2022**
**Total**
**Funds**
**£**
124,041
124,041
-
252,452
252,452
(4,919)
**247,533**
**371,574**
371,574
-
**371,574**|**2021**
**Total**
**Funds**
**£**
124,041|
|---|---|---|---|---|
|||||124,041
5,886
215,669|
|||||221,555
(4,631)|
|||||**216,924**|
||||||
|||||**340,965**|
|||||340,965
-|
|||||**340,965**|
The financial statements were approved by the Trustees on 3 January 2023 and signed on their behalf by:-
……………………………….
## **S Allan - Chair**
Page 8
## **FREEDOM CHURCH TRUST CHARITY ACCOUNTS**
## **Notes to the Accounts**
**for the year ending 31 March 2022**
## **1. Statement of Accounting Policies**
## **a) Accounting policies**
These Financial Statements are prepared on the going concern basis. There are no material uncertainties in respect of the company's ability to continue as a going concern. The Financial Statements are prepared under the historical cost convention, on an accruals basis, in accordance with the Companies Act 2006 and applicable accounting standards in the U.K.
## **b) Accounting convention**
The Financial Statements have been prepared under the historical cost convention as modified by the revaluation of investments to market value.
## **c) Investments**
Investments are stated at market value. Realised and unrealised gains or losses on investments are reflected as a change in the permanent capital of the Company.
## **d) Direct Charitable Expenditure and Other Costs**
Direct charitable expenditure includes all expenditure directly related to the objects of the charity.
## **e) Fixed Assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
|Freehold Property|- No Depreciation|
|---|---|
|Technical Service Equipment|- 25% on cost|
|Office Equipment|- 25% on cost|
|Computer & Software|- 33% on cost|
No depreciation is charged on Freehold Property as this is maintained to a standard to ensure that its value is at least equal to the value at which it is disclosed in the Financial Statements.
## **f) Taxation**
The charity is exempt from tax on its charitable activities.
## **g) 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.
Page 9
## **FREEDOM CHURCH TRUST CHARITY ACCOUNTS**
## **Notes to the Accounts**
## **for the year ending 31 March 2022**
|**2.**
**Expenditure**
**Charitable activities:**
Ministry support
Charitable gifts
Staff costs
Premises expenses
Administration costs
Events and activities
**Professional fees**
Legal and professional charges
Independent examination|**Unrestricted**
**Funds**
**£**
309
34,918
13,534
7,446
20,118
**76,325**
4,334
1,650
**5,984**|**Restricted**
**Funds**
**£**
-
19,018
-
-
-
-|**2022**
**Total**
**Funds**
**£**
309
19,018
34,918
13,534
7,446
20,118
**95,343**
4,334
1,650
**5,984**|**2021**
**Total**
**Funds**
**£**
493
4,082
19,489
8,254
4,206
3,712|
|---|---|---|---|---|
|||**19,018**||**40,236**|
|||-
-||3,228
1,650|
|||**-**||**4,878**|
**3. Tangible Fixed Assets**
|**Costs**
At 1 April 2021
Additions
Disposals
**At 31 March 2022**
**Depreciation**
At 1 April 2021
Disposal
Charge for period
**At 31 March 2022**
**Net Book Value**
**At 31 March 2021**
**At 31 March 2022**|**Freehold**
**Property**
124,041
-
-|
|---|---|
||124,041|
||-
-
-|
||-|
||**124,041**|
||**124,041**|
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## **FREEDOM CHURCH TRUST CHARITY ACCOUNTS**
## **Notes to the Accounts**
**for the year ending 31 March 2022**
## **4. Debtors and prepayments**
|Income tax recoverable
**5.**
**Creditors - due within one year**
Accruals
Other creditors
**6.**
**Staff Costs**
Salaries and Wages
Social Security Costs|**Unrestricted**
**Funds**
**£**
-
**-**
**Unrestricted**
**Funds**
**£**
4,479
440
**4,919**
**2022**
**Total**
**£**
34,918
-
**34,918**|**Restricted**
**Funds**
**£**
-
**-**
**Restricted**
**Funds**
**£**
-
-
**-**
**2021**
**Total**
**£**
18,946
543
**19,489**|**2022**
**Total**
**Funds**
**£**
-
**-**
**2022**
**Total**
**Funds**
**£**
4,479
440
**4,919**|**2021**
**Total**
**Funds**
**£**
5,886|
|---|---|---|---|---|
|||||**5,886**|
|||||**2021**
**Total**
**Funds**
**£**
4,584
47|
|||||**4,631**|
||||||
## **7. Transactions with trustees**
None of the Trustees received expenses during the period ending 31.03.2022 ( 31.03.2021 - £Nil).
Page 11
## **FREEDOM CHURCH TRUST CHARITY ACCOUNTS**
## **Detailed Statement of Financial Activities for the year ending 31 March 2022 Tithe account (unrestricted)**
|**Incoming Resources:**
Members tithes &
Gift Aid tax reclaimed
**Resources Expended:**
Reimbursed expenses
Salaries and national insurance
Team fund
**Net income**|**£**
**£**
**£**
**£**
111,650
41,262
**111,650**
**41,262**
4,544
1,096
34,918
19,489
494
54
**39,956**
**20,639**
**71,694**
**20,623**
**YE 31 March 2022**
**PE 31 March 2021**|
|---|---|
|||
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## **FREEDOM CHURCH TRUST CHARITY ACCOUNTS**
## **Detailed Statement of Financial Activities for the year ending 31 March 2022 Offering account (unrestricted)**
|**Incoming Resources:**
Offerings
Sundry income
Interest received
Gift From City Church Leeds
**Resources Expended:**
House & storage costs
Insurances
Catering
Postage, stationery and printing
Internet and web-site costs
Bookkeeping
Legal and professional
Bank charges
Telephone and internet
Evangelism
Youth and childrens' work
Training
Miscellaneous expenses
**Net expenditure/ Income**|**£**
**£**
**£**
**£**
4,271
2,396
15,981
1,403
34
-
-
341,018
**20,286**
**344,817**
10,930
5,630
1,095
681
1,369
360
684
527
5,900
3,245
5,105
4,878
879
-
304
344
1,220
1,943
12,065
1,350
309
493
821
485
1,672
457
**42,353**
**20,393**
**(22,067)**
**324,424**
**YE 31 March 2022**
**PE 31 March 2021**|
|---|---|
|||
Page 13
## **FREEDOM CHURCH TRUST CHARITY ACCOUNTS**
## **Detailed Statement of Financial Activities for the year ending 31 March 2022 Offering account (restricted)**
|**Incoming Resources:**
Earmarked Gifts
**Resources Expended:**
Earmarked Gifts
**Net expenditure**|**£**
**£**
**£**
**£**
-
-
**-**
**-**
19,018
4,082
**19,018**
**4,082**
**(19,018)**
**(4,082)**
**YE 31 March 2022**
**PE 31 March 2021**|
|---|---|
|||
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