Charity Number
1191043
FREEDOM INITIATIVES TRUST CHARITY ACCOUNTS
Report and Accounts
for the year endlng
31 March 2023

FREEDOM INITIATIVES TRUST CHARrrY AccouNrs
Report and Accounts
for the year endlng 31 March 2023
Contents
Pa8e
Trust Informatlon
Trustees Report
Trustees Responslbllltles
Independent Examiner's Report
Statement of Financlal Actlvities
Balance Sheet
Notes to the Accounts
9-11
Detsiled Statement of Financial Activities
Unrestricted Account
Restrlcted Account
12
13

FREEDOM INITIATIVES TRusf CHARrrY Accoumrs
Trust I￿OrMatIOn
for the year endln8 31 March 2023
Charity Number
1191043
Trustees
S Alan (Chair}
l Nundy
R Edden
W Wilson
Resigned l November 2023
Appoinled l November 2023
Appointed l November 2023
Addre55
7 Londe8b￿0 Ter
Leeds
LS9 gNE
Inde￿ndent Examlmr
Samantha J Suldtffe F.C.CA
Torevell Dent Llmited
Centre of Excellence
Hope Pa
Trevor Foster Way
Bradford
BD5 8HH
Page I

FREEDOM INITIATIVES TrUST CHARITY ACCOUNTS
Trustees Annual Report
for the year endin8 31 Marth Z023
The Trustees present their report and finandal statements for the period ended 31 March 2023.
Objedfves, Orpntsatlon and Actlvhles
Freedorn Initiative Trust was constrtuted on the 2nh August 2020 and is a Registered Charity numbered
1191043. Prevlously to the 4th Au8USt 2023 the Trusts name was Freedom Church Trust
The administrative address 1$ 7 Londesboro Terrace. East End Park, LS9 9NE.
The Oblertlves of the Charfty afe:
a) the advancement of the Christian faith
bl the promotion of Christian principles
I the relief of the poor, the sick or others In material need
dl social welfare by means of recreation or other leisure pursutts
The Trust employs a small number of pastoral and admlnlstrative staff. Most artlvlties however are
led and supported by members of the Church communlty who work voluntary.
Actlvltl05 Include:
support for Christlan m5nlstry In Leeds and further afield;
training and teaching In Biblical principles and practice;
provision for famllles. youn8 people and students
These actlvltle5 are managed by a varlety of leadershlp and sUPPOrt teams.
Trustees
Those who served durSn8 the year were:
S Allan
l Nundy
R Edden
Resi8ned l November 2023
W Wilsm Appointed l November 2023
K Lavery Appointed l November 2023
New trustees do not need to be members of the church con8regation but need to have the competences
to enable them to contribute to the work of the Trustee Board. The individual requirements would, to
sorne extent, depend on the balance and composition of the board at the time of a vacancy.
Appolntments are made by the existing trustees actin8 on the ba515 of recommendatlons from their
own number and the leadership of the church.
Page 2

FREEDOM INMATIVES TRUST CHARtTY ACCOUNTS
Trustees Annual Report l¢ontlnued)
for the year ending 31 March 2023
The Trust's pollcy 15 to provide induction for any new Trustee. The Trustees meet when and 35
requlred to ensure timely decision making. Trustees are in regular communicatlon which is noted digitally.
A8ents and Athiisers
The Independent Examiner is Mrs S.J Sutcliffe FCCA of Torevell Dent Ltd. Chartered Certified Accountants
of Bradford. The 8ank accounts of the Trust are maintained at CAF Bank Ltd.
Publlc Benellt Statemenl
Freedom Initiatlves Trust Is Involved with a wide range ol artivities In pursuance of its charltable alms.
The trustees are always vlgilanl 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 whlch artivltles the charity should undertake. The Trustees consider that these
activlties. which are summarised below. provide benefit to the public.
Revlew of Progre55 and Achlevements
The Trust developed a maln projert called There is an Answer,. an online based evangelistic website
and dlsclpleship programme aiming to connect people with a real world local church. The Trust invested
In equlpment {5uch a5 video equipment and other electronic devices) to help this project which use5 vldeo
as its primary engagement tool. The Trust changed its name from Freedom Church Trust to Freedom
Initiatlves to acknowledge this shift in focus.
The Trust took on a short term lease of an office and recordlng space.
The Trust contlnued to look for ways to financlally support Christian mini5trie5 Wlthin the UK.
The Trust contlnued to employ one full-tlme rnember of stsff and also regularty paid for the services of an
external advisor and contributor.
The Trust invested into the development and training of its Staff members by resourclng onllne learning
programmes.
Page 3

FREEDOM INITIATIVES TRUST CHARITY ACCOUNTS
Trustees Annual Report (continued)
for the year ending 31 March 2023
Review of Financlal Actlvlties and Affairs
The total Sncome for the period wa5 £64,393 (2022 . £131.936)
After deducting expenditure of £117,92212022 - £101.3271 the net expenditure 15 £53,529 12022 .
net incoming resources £30,609)
The Trust's cash-flowls funded in part by gift-aided tax that is recovered.
Full details of the financial transaction5 are contained in the attached accounts. The net asset5 Of the
charlty at 31 March 2023 were £318,04512022 . £371,574).
Future Plans
The Trust will continue to develop what Is now its core projert of establishing an evangellstlc video
based website and discipleship pro8ramme I'There is an Answer'l to help those seeking Christian falth
to connect wlth a local church. This will involve a small group of churches who are willing to pilot the
programme after the Summer 2024 with a hope to open the project up to more churches acr055 the UK
and internatlonally at the start of 2025.
The videos produced for Yhere is an Answer, will come with an accompanyln8 printed book as well as an
eBook for disciplers.
Concurrently, the Trust will develop an online Bible school / training programme whlch will provlde more
in depth Biblical teaching. This will be able to be purchased and used by anyone who wishe5 to do so
separatley to the main project.
The Trust will continue to look at opportunities to invest into people through tralning, mission and
minlstry support where appropriate.
Page 4

FREEDOM INITIATIVES TRUST CHARITY ACCOUNTS
Trustees Annual Report (continued)
for the year endlng 31 March 1023
Reserves Policv
It Is the policy of the charity to maintain unrestrlcted funds, which are the free reserves of the charity,
to cover administration and support costs, to meet contingencies and to create flexibility. The level of
unrestricted funds varie5 throughout the year in response to demands made upon them and according
to Income flows.
Slgned on behalf of the trustees
Stuart Allan
Chalr
Page S

FREEDOM INITIATIVES TRUST CHARrrY ACCOUNTS
Statement of Trustee5 Responsibilltles
for the year endlng 31 March 2023
The trustees are responsible for preparing the Report of the Trustees and the Financial Statements
in accordance with applicable law and United Kingdom Accountin8 Standards.
The law applicable to charities in England and Wales, the Charity Art 2011 and the provisions of the
trust deed requires the trustee5 to prepare financial statements for each financlal year which give
true and fair view of the state of affairs of the charity and of the incoming resource5 and application
of resources, including the income and expenditure, of the charity for that period. In preparin8 those
financial statements, the trustees are required to
selert sultable accountin8 policies and then apply them conslstently,.
make Judgements and estimates that are reasonable and prudent;
state whether applicable accountin8 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 contlnue in busine5S.
The trustee5 are responsible for kecping proper accountlng 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 lor takin8 reasonable steps
for the prevention and detection of fraud and other irregularities.
Page 6

FREEDOM INrtlATWES TRUST CHARITY ACCOUNTS
Independent Examlnerfs fleport to the TNstees of Freedom Inrtiatlves Trust
for the year endlng 31 Marth 2023
I report on the accounts of the Trust for the period ending 31 Marth 2023. which are set out on
pages 7 to 11.
Responslbilities and basls of report
As the charity's trustees you are responslble for the preparation of the accounts in accordance with
the requirements of the Charities Act 2011.
I report in respect ol my examinatlori 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 Dlrections given by
the Charity Commission under section 14515)(bl of the Act.
Independent Examinees Statemènt
I have completed my examination. I confirm that no material matters have tome to My attention In
connectlon with the examination glving me cause to belleve that In any materlal respect..
accountin8 records were not kept In respect of the Trust as required by 5ettlon 130 of the
Act,. or
the accounts do not accord with those records. or
the accounts do not comply with the applicable requlrernents concernlng the form and
content of accounts set out in the Charities (Accounts and Reports) Regulatlons 2￿8
other than any requlrement that the accounts give a 'true and falr, view whlch is not
matter considered as part of an Independent exarninatlon.
I have no concerns and have come acros5 no other matters in connection with the examination to
which attention should be drawn In thi5 report in order to enable a proper under5tandlng of the
account5 to be reached.
Mrs S. J. Sutcllffe FCCA
Torevell Dent Umlted
Chartered Certllled Accountants
Centre of Excellente
Hope Park
Trevor Foster Way
Bradford
BD5 8HH
Page 7

FREEDOM INITIATIVES TRusf CHARITY AccouKrs
Statement of Financial Artlvltles
for the year ending 31 March 2023
2023
Total
Fund5
2022
Total
Funds
Unrestrirted
Funds
Re5trlrted
Funds
Notes
Income from:
Donation5 and Legacies
Other income
Investment Income
2,123
17,602
43.200
19,725
43.2(X)
1,468
115,921
15.981
34
1.468
Total
3.591
60,802
64,393
131,936
Expendlture on:
Charitable Activities
Other
76,251
9.303
32,368
108,619
9,303
95,343
5.984
Total expendlture
85,554
32,368
117,922
101,327
Net In¢ornel{expendlture) before ialns
and losses
181.963)
28,434
153.529)
30,609
Transfer of funds
Net movement In funds
181,9631
18,434
153.529)
30,609
Funds brought forward
371.574
371.574
340,965
Total fvnds Carrled forward
289,611
28,434
318,045
371,574
Page 8

FREEDOM INITIATIVES TRUST CHARITY ACCOUNTS
Balance Sheet as at 3tst March 2023.
2023
Totsl
Fund5
2022
TotJl
Funds
Unrestricted
Funds
Restrlcted
Funds
Notes
Hxed Assets
Tangible assets
124,041
124,041
124,041
124.041
124,041
124.041
Current Assets
Debtors
Cash at bank and in hand
228
167.631
2,847
25.587
3,075
193,218
252,452
167,859
28.434
196.293
252,452
Llabllltles
Credltors.. Amounts falling due
within one year
12.289)
(2,289)
14,9191
Net Current Assets
165,570
28.434
194,004
247,533
Total Nrt Assets oi Llabllltles
289,611
28,434
318,IM5
371,574
The Funds of the Charlty
Unrestricted Funds
Restricted Income Funds
289,611
28,434
371,574
Totsl Charity Funds
318,045
371,574
The flnancial statements were approved by the Trustees on ......... and signed on their behalf bv:_
S Allan- Chair
Page 9

FREEDOM INITIATIVES TRUST CHARrfY ACCOUNTS
Note5 to the Auotsnts
for the year endlnz 31 March 2023
Statement of Acc¢)untlng Policles
a) Accounting policies
These Financlal Statements are prepared on the going concern basis. There are no materSal
uncertainties in respect of the company's ability to continue as a going concern. The Financlal
Statements are prepared under the historical cost convention. on an accruals ba515, in
accordance with the Companie5 Act 2006 and applicable accountin8 Standard5 in the U.K.
b> Accountlng conventlon
The Financial Statements have been prepared under the historical cost conventlon as
modified by the revaluation of investments to market value.
c) Investments
Investments are stated at market value. Realised and unrealised galns or losses on Investments
are reflected as a change in the permanent capital of the Company.
d) Olrert Charltable Expendlture and Other Costs
Direct charitable expenditure Includes all expenditure dirertly related to the objects of the
charity.
e) Flxed Assets
Depreclètion is provided at the follow5n8 annual rates in order to wrlte off each asset over Its
estimated useful Ilfe.
Freehold Property
Technical Service Equlpment
Offlce Equipment
Computer & Software
No Depreclatlon
25% on cost
25% on c05t
33% on cost
No depreciatlon 15 charged on Freehold Property as this Is malntained to a standard to ensure
that It5 value is at least equal to the value at which it 15 disclosed in the Financial 5tatement5.
Taxation
The charity is exempt from tax on it5 charitable activities.
81 Fund Accounting
Unrestricted funds can be used in accordan￿ with the charitable objectives at the discretlon of
the trustee5. Restrirted funds can only be used for particular restricted purposes within the
objects of the Charity. Reslrictions arise when specified by the donor or when funds are raised
for particular restricted purposes.
Page 10

FREEDOM IN￿lATIvEs TRUST CHARITY ACCOUNTS
Note5 to the Accounts
for the year endlng 31 March 2023
2. Expendhure
2023
Total
Funds
2022
Total
Funds
Unrestrlcted Restricted
Funds
Ftsnds
Charitable artivStle5:
Ministry support
Charitable gifts
Staff costs
Premlses expenses
Adminlstration costs
EveDt5 and activitles
30,000
30.000
21,010
43,114
4,142
7.527
2,826
309
19,018
34,918
13,534
7,446
20.118
21,010
43.114
4.142
6.506
1.479
1,021
1,347
76,251
32,368
108,619
95,343
Professional fees
Legal and professlonal charges
Independent examination
7.653
1.650
7,653
1,650
4,334
1,650
9,303
9,303
5.984
3. Tanglble Fixed Assets
Freehold
Property
Costs
At l April 2022
Addition5
Disposals
124.041
At 31 March 2023
124,041
De reciatlon
At l April 2022
Disposal
Charge for perlod
At 31 March 1023
Net Book Value
At 31 March 2023
124,041
At 31 March 2022
124.041
Page 11

FREEDOM INMATIVES TRUST CHARITY ACCOUNTS
Notes to the Accounts
for the year ending 31 March 2023
Debtors and prepayments
2023
Total
Funds
2022
Total
Funds
Unre5trlrted
Funds
Restrirted
Funds
Income tax recoverable
228
2,847
3.075
228
2,847
3,075
Credltors- due withln one year
2023
Total
Funds
2022
Tolal
Funds
Unrestrlrted
Funds
Restrlcted
Fund5
Accruals
Other credltors
1.592
697
1,592
697
4,479
440
2,289
2.289
4.919
2023
Totsl
1022
Total
Staff Costs
Salaries and Wages
43,114
34.918
43,114
34,918
Transaction5 wlth trustees
None of the Trustees received expenses during the perlod ending 31.03.2023 (31.03.2022- ENII}.
Page 12

FREEDOM INfTIATIVES TRU￿ CHARITY ACCOUNTS
Detalled Statement of Flnantial Activitses
for the year ending 31 March 2023
Unrestrlcted A¢count
YE 31 March 2023
YE 31 March 2022
Incomln8 Re50ur¢e5:
Members tlthes. offerlngs &
Gift Aid tax reclaimed
2.123
131,902
Interest received
1.468
3.591
34
131,936
Resources Expended:
Relmbursed expense5
Salaries and national Insurance
House & storage costs
Insurances
Catering
Postage. statlonery and printing
Internet and web-site costs
Bookkeeping
Legal and professlonal
Bank charges
Telephone and Internet
Evangelism
Youth and childrens, work
Trainlng
Miscellaneous expenses
Team Fund
1,277
43,114
2,021
4,544
34,918
10.930
1,095
1.369
684
5,900
5,105
879
304
1.220
12.065
309
821
1.672
494
699
5,735
1.650
7.653
72
715
21,010
202
85,554
81,309
Net (expendlture)hncome
(81,963)
49.627
Page 13

FREEDOM INITIATIVE5 TRUST CHARfTY ACCOUNTS
Detalled Statement of Financlal Artl¥ltles
for the year ending 31 March 2023
Restrirted Account
YE 31 March 2023
YE 31 March 2022
Incoming Resources:
Earmarked gifts
60,802
60,802
Resources Expended:
Earmarked gifts
Internet and web-slte costs
Evangelisrn
Trainlng
Miscellaneou5 expen5e5
19,018
1.021
230
1.095
22
32,368
19.018
Net Incamel(expenditure)
28,434
119.0181
Page 14