clity Number 1191043 FREEDOM INITIATIVES TRUST CHARITY ACCOUNTS Report and Accounts for the year endln8 31 March 2025
FREEDOM INMATIVES TRUST CHARITY ACCOUMtS Report and A£counts for the year ending 31 Mah 2025 Contents Page Trust Information Trustees Report Trustees Responslbllit5es Independent Examlnerfs Report Statement ol Financial Activlties Balance Sheet Notes to the Accounts 10-12 Detailed Statement of Financial Acttvities Unrestricted Account Restricted Account 13 14
FREEI)OM INrriATIVES TRUST CHARITY ACCOUNTS Trust Inf0MtTOn forthe year ending 31 March 2025 Charity Number 1191043 Trustees S Allan (Chalrl l Nundy Wwilson K Lavery Address 10 Litton Wav Leeds L514 2DL Independent Emamlner Samantho J Sutcliffe F.C.C.A Torevell Dent Limited Centre of Excellence Hope Park Trevor F05ter Way Bradford BDS 8HH Page I
FREEDOM INITIATniE5 TRUST CHARITY ACCOUNTS TrustÈes Annual Report for the year endln8 31 March 2025 The Trustee5 present their report and financial statement5 for the period ended 31 March 2025. The total Income for the period was £1.70912024: £4.598) Freedom Initiative Trust was constituted on the 27th August 2020 and is a Registered Charity numbered 1191043. Previously to the 4th August 2023 the Trusts name was Freedom Church Trust The administratlve address 15 10 Litton Way* Leeds LS14 2DL. The Objectlves of the Charlty are: a) the advancement of the Christian faith bl the promotion of Christian principles cl the relief of the poor. the sick or others in material need dl soclal welfare by means of recreatlon or other leisure pursuits The Trust employs one member of full-time staff and contracts an external advlsorlcontrlbutor, both of whom work on the development of the There Is an answer.net' project. Actlvliles Include.. the recording of a ran8e of videos describin8 variou5 individuals, journeys through crlsls to Christlan faith the development of a website to host the above Mdeos with guidance on discipleshlp and how to connect with local churches Networklng and planning future developments to support local churches wlth outreach The Individuals engaged In the above artivities are supported by ongoing meetlngs wlth the trustees, offering feedback and guldance. Trustees Those who served durlng the year were: S Allan l Nundy W Wilson K Lavery New trustees 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 compositlon of the board at the tirne of a vacancy. Appointments are made by the existing trustees acting on the basis of recommendations from their own number. Page 2
FREEDOM INMATIVES TRUST CHARITY ACCOUNTS Trustee5 Annual Report Icontlnued) forthe year endin8 31 March 2025 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 Certlfled Accountants ol Bradford. The Bank accounts of the Trust are maintained at CAF Bank Ltd. Publlc Benefit statement Freedom Initiatives Trust Is involved with a wlde range of activities In pursuance of its charitable alms. The trustees are always vlgllant to ensure that the projects we undertake are in line with these objectlves. The Trustees have paid due regard to the Charity Commission's 8uldance on the public benefSt Sn deciding which activities the charity should undertake. The Trustees consider that these activltles, which are summari5ed below. provlde benefit to the public. Revlew of Progress and Athlevements Durlng the year Aprll 2024 to March 2025 the Trust focussed on completlng and launching its two rnaln prolects. The firsL There is an Answer. an onllne evongelistic website supported by a serles of recorded vldeos. Alongside this. the Trust created, recorded and edited the Disciple Makers course and developed a connected webslte enabling churches and Individua15 to purchase and acce55 the programme onllne. The Trust concluded its short.term lease and instead began usln8 the recording studlo facllitie5 of a local church. whlch were generously made available at no cost. Both There is an Answer and Disciple Makers were trialled with two local churches during the year, and adju5tmer)ts were made to content and practise based on feedback. In order to malntain financlal viability of the Trust it Was agreed by the trustees for the Trust to divest itself of the ownership of the residential property 7 Londesboro Terrace. The process was initlated during financial year 2024125 with a vlew to completion in July/August 2025. Thi5 would release finances to enable the Trust to continue to employ Mark Kelly and contract David Lavery. to continue the maln work of ihe Trust of launching and developing"There is an An5wer.Net". as well as the development of the Disciple Makers resource. The Trust continued to employ one full-tlme member of staff and to engage an external advisor and contribulor. It also Invested in stsff developmenl through acces5 to online learning programmes. Page 3
FREEDOM INITIATIVES TRUST CHARITY Accoumrs Trustees Annual Report (contlnuedl for the year ending 31 March 2025 Review of Financial Artivltles and Affair5 The total income for the perlod w05 El.70912024 - £4,598) After deducting expendlture of E92,21212024 .' £88,698) the net expenditure 15 £90.50312024 '. E84,1001 Full details of the financial transactlons are contained in the attached account5. The net a55ets of the charity at 31 March 2025 were £143.44212024 .. £233,945). Future Plans The Trust intends to continue promoting the Disciple Makers course and to expand the video Ilbrary of There is an Answer. Work Is expected to begin on the development of an Online 8ible School. combinin8 in-studlo teachin8 with monthly Saturday sessSons based in a Sheffield church. These sessions are planned to be recorded and made avallable online behlnd a paywall, with the expectation that they will provide both training resources and a source of income for the Trust. The Trust is supporting the church plant Freedorn Church Sheffield. which developed out of a small 8roup uslng the Disciple Makers material. The Trust expects to act as the administrative and charitable structure for this church plant for the foreseeable future. with regular giving from the congregation anticipated to form part of the Trust's Income. In addition, another small Broup in Sheffield has expre55ed interest In adopting the Disciple Makers materlal. The Trust will also continue to consider opportunrties to invest in people through tralnin8, mi55i0n, and mlnlstry 5UPPOrt where appropriate. Page 4
FREEDOM INITIATIVES TRUST CHARtrY ACCOUNTS Trttee$ Annual Report {¢ontlnued) for th• year endhw 31 M•rth 2025 Reser5 Pollty It is the policy of the charity to maintain unrestricted funds, which are the fe reserves of the charlty. to cover administration and support costs. to meet contlngencles and to create flexlbillly, The level of unrestricted fund5 varles throughout the year in response to demands made upon them and according to income flows. ned on behalf of the trustees Stuart Allan Chalr 16th Oct 2025 Page 5
FREEDOM INMATIVES TRUST CFIARITY ACCOUNTS Statement of Trustee5 Re5ponslblllties for the year ending 31 March 2025 The Trustees are responslble for preparing the Report of the Trustees and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards. The law appllcable to charlties in England and Wales. the Charity Act 2011 and the provision5 of the trust deed requlres the trustees to prepare financial statements for each financial year which glve a true and fair view of the state of affairs of the charity and of the Incoming resources and application of resources, includln8 the income and expenditu. of the charity for that perlod. In preparlng those flnancial statements, the trustees are required to select suitable accounting pollcies and then apply them consistently," make judgements and estimates that are reasonable and prudent,. state whether appllcable accountlng standards and statements of recommended practice have been followed. subject to any materSal departures dlsclosed and explained In the Financial Statements- prepare the Financial Statements on the golng concern basis unless It Is Inapproprlate to presume that the charlty will Continue in business. The trvstees are reSpOnble for keeplng proper accounting records which disclose with reasonable accuracy at any time the flnanclal position of the charlty and to enable them to ensure that the Flnancial Statements comply with the Charltles Act 2011 and the provisions of the trust deed. They are also responsible for safeguardin8 the assets of the charity and hence for taking reasonable steps for the preventlon and detectlon of fraud and other irre8ularStles. Page 6
FREEDOM INITIATIVES TRUST CHARITY AccouNrs Independent Examlnerfs ftep to the Tntstees of Fieedom Iniliatives Trust forthe year endln8 31 PA•rth 2025 I report on the accounts of the Trust for the period ending 31 March 2025, which are set out on Pa8es 8 to 12. Re5P4)nslbilltles and basls of report As the charlvs trustees you are responslble for the preparation of the accounts in accordance wlth the requlrements of the Charitie5 Acl 2011. I report In respett of my examination ol the Trust's account5 carried out under Section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions gNen by the Charity Commisslon under section 145{5llbl of the Art. Independent Examlnerfs Ststement I have completed my examination. I confirrn that no material matters have tome lo my attentlon In connectlon wlth the examlnatlon glvlng me cause to belleve that In any materlal Yespect: accountln8 records were not kepl in respect of the Trust as required by sectlon 130 of the Act,. or the accounts do not accord with those records; or the accounts do not comply wtth the applkable requlrements wncernlng the form and content of accounts set out In the Charltles (Accounts and Reports) Re8ulatlons 2C other than any requlrement that the accounts 8Ne a 'tnJe and falr, vlew whlch Is not matter consldered as part of an Independent examination. I have no concerns and have corne acT055 no other matters In connectlDn wlth the examlnatlon to whSch attentlon should be drawn Sn this report in order to enable a proper understandln8 of the accounts to be reached. rs S. J. sclte FC Torevell Dent Umlted Chartered Certlfled Accguntants Centre of Excellence Hope Park Trevor Foster Way Bradford BD5 8HH Date... /.G./ID/202 Page 7
FREEDOM INMATIVES TRUST CHARITY ACCOUKTS Statement of Fin•141 A¢ti¥itses for the year endlfig 31 March 2025 2025 Total Funds 2024 Total Funds Funds Funds Income fr¢m: Donations and Legacles Other income Investment Income 2(K) 21J) 595 3,1(Kl 1.509 Totsl Expendlture on: Charltable Artlvltles other 89,910 2,302 89,910 2,302 86,074 2,624 Totsl expendlture 92212 92,212 Ne¢ In¢omellexpendltur•) before ialns and loss•s 190,5031 190.5031 184,ICQI Transfer of funds Net movement In fvnds 190,503) 19),5031 184,1001 Funds brought forward 205.511 28.434 233.945 318,045 Total lunds carrl¢d forward 115,1 28,434 143,442 233.945 Page 8
FREEDOM INITIATIVES TRLtsT CHARITY Accoupirs 8alaTrKe Sheet •$ èt 31st Marth 2025 2025 Totsl Funds 2024 Total Fund5 Unrestrlcted Reslrlrted Funds Funds Ftsed A55•ts Tangible assets 98.454 25.587 124.041 124,041 98,454 25.587 124,041 124,041 Debtovs Cash at bank and In h•nd 228 18,770 2.847 3.075 18,770 3.075 110,621 18.998 2.847 21,845 113,696 U•lJllltles Credltors.. Amounts f•llln8 due wbthln one year 12.4441 12.4441 13,7921 Net Cwr•nt Awts 16,554 19,401 109,904 Tatsl Net Ass•ts or ilabllltl•s I.008 28834 143,442 233,945 Th• Funds ol th• Charlty Unrestrlrted F4Jnds Ae5trlcted Incon Funds 115,W8 28.434 205,511 28.434 Totsl Ch•rlty Funds 143.442 233.945 The Ilnancial statements were approved by the Trustee5 on....... - and s18fted on ihelr behalf by:_ 16th Oct 2025 S Allan- Chalr Page 9
FREEDOM INITIATIVES TRUST CHARITY ACCOUNTS Notes to the Acc(Mmts the ye*r endini 31 March 2025 Stslement of Accountin8 Polldes a) Accounting policles These Financial Stotements are prepared on the 8oin8 concern basis. There are no materlal uncertalnties in respect of the company's ability to continue as a 80in8 concern. The Financial Statements are prepared under the historical cost convention, on an accrua15 bas15, In accordance wlth the Companles Art 2[6 and applicable accountlng standards In the U.K, bl Actounting corw•nt The Financial Statements have been prepared under the hlstorical cost convention a5 mOdled by the revaluation of investments to market value. cl Investments Investments are statèd at market value. ReallsÈd and unreallsed galns or lossès on Investments are reflected 05 a chan8e In the permanent capltal of the Company. dl Dlrect Charit•ble ExpeThl•ture and Other Costs Dlrecl charitable expenditu includes all expendilure dlrertly related io the objects ot the charlty. o) Flx•d Assets Depreclatlon Is provlded at the followln8 annual rates In order to wrlte off each asset over its estlmated usefvl Ilfe. Freehold Property Technlcal SeThke EquSpment OfFKe Equipment Computer & Software No Depreclatlon 25% on cost 25% on cost - 33% on t05t No depreciation 15 charged on Freehold Property as this15 maintained to a standard to ensure that Its Value Is at least equal to the value at whlch Is disdosed In the Flnancbal Statements. Taxatlon The charity exempt from tax on Its charitable artlvltle5. 8) Fund AccouThtln8 Unrestricted fun(ts can be used in accordance wlth the charrtable objectlves at the discretion of the truslee5. Re5trided fund5 can onty be used for particular restricted purposes wrthin the objects of the charlty. Restrlrtlons ar15e when Specifd by the donor or when funds are rabsed for particular restricted purposes. Page 10
FIIEEDOM INmATIVE5 TRUST CHARITY ACCOUNTS Notes to the Accounts for the year endln8 31 March 2025 2. Expendlture 2025 Totsl Funds 2024 Totsl Funds Unre5tr1rted Restrlcted Funds Funds Charlt•ble artivities.. Mini51ry support CharStable gffts Staff costs Premises expenses Admlnistratlon costs Events and actlvitles 223 223 43.9)8 2.195 4.554 39,030 43.8 2.195 4,554 39,030 40,542 4,195 4,011 37.326 89,910 89,910 86,074 Proknslon*l h¢5 Le8al and professlonal charges Independent examlnation 824 2.302 2,302 2,302 2,302 2,624 3. T•n8lble Flxed Assets Freehold Property sts At l Aprll 2024 Addltlons Disposals 124.041 At 31 M•r¢h 2025 124.041 De reciation At l April 2024 DisKh)sal Charge for perlod At 31 March 2025 Net Book Val At 31 Marth 2025 114041 At 31 March 2024 1248141 Page 11
FREEDOM INITIATIVES TRUST CHARrrY ACCOUNTS Notes to the Acc4yuThts for the year endln8 31 Marth 2025 Debtors and prepayments 2025 Totsl Funds 2024 Totsl Funds Unre5trfcted Funds Restrlcted Funds Income tax retoverable 228 2,847 3,075 3,075 228 2,847 3.075 3,075 Credltors- due wlthln one ye•r Z025 Total Funds 2024 Tol41 Funds Unvestrlrted Restrfrted Funds Furbds Accruals Other credltors 1.763 1,763 3.095 697 3.792 2025 Total 2024 Total St•ff Costs Salarles and Wages 43.908 40.542 43.908 40,542 Transartlons wlth trustees None of the Trustees receNed expenses duriry the period endin8 31.032025131.03.2024- £NIII. Pa8e 12
FREEDOM INITIATIVES TRU CHARITY ACCOUKf5 DetaHed Statement of Flnandal Artl for the year endln8 31 Marth 2025 Unrestrl¢ted Accou YE 31 March 2015 YE 31 March 2024 Inccmln8 Resources: Members lithes. offerin85 & Glft Aid tax reclalmed Othei Interest recelved 200 595 3,100 4,$98 1,509 1,709 Resour¢es Expended: Relrnbursed expenses Salaries and natlonal Insurance House & storage cost5 Insurances Postage, statlonery and prlntln8 Iniernel and web-site costs Bookkeeplng Legal and profe5slon•l Bank charge5 Telephone and Internet Evan8elism Tralnlng Mlscellaneous expenses 1.480 43,8 311 1.063 966 40,542 2.877 511 iio 3,841 1,81XI 823 4.494 2.302 821 37,550 808 36,250 iio 223 92212 88.698 Net expendliure 190,503) 184,100 Page 13
FREEDOM INITIAnvES TRUST CHARITY AccouNrs Detalled Ststement of Financlal Artivltles for the year endln8 31 M•r¢h 2025 Restrtctsd Ac¢ount YE 31 March 2025 YE 31 Marth 2024 IKomlng Resources: Earmarked 8ift5 Resourc•s Expended: Earmarked Éffts Intemet and wettrslte costs Evan8ellsm Tralnln8 M15cellaneous expenses Net Income Page 14