Reglsterad charfty number., 1200U65 BETHLEHEM DEVELOPMENT TRUST TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023 Chanter, Browne & Curry Chartered Accountants 1 Plato Place 72-74 St Dionis Road London SW6 4TU.
BETHLEHEM DEVELOPMENT TRUST CONTENTS Pago Trust88s' report Independanl examinerfs r8POrt Stalement of financial activities Balance sheet Notes to the financial statem8nts 9- 11
BETHLEHEM DEVELOPMENT TRUST TRUSTEES, REPORT FOR THE PERIOD 15 AUGUST 2022 TO 31 MARCH 2(Y23 trustees present their annu report wlth ing finan0" statemerrts ol th8 charty for the peric4115 August 2022 (dale of r&glslration as a charity) to 31 March 2023. The financial stalemerrts have b8en prepared in accordance wf(h the accountlng pollclos set ct in note 1 to the accounts and comply with the chariws trusl d. Iho Charities Act 2011 and Accountlng aFx1 Reporting by Charities: Statement of Recommended Practice aWicabl8 to chariti8s preparing their accounts in accordance wlh the Finan¢id Reporting Standard applicable in the UK and RepUbC of Ireland IFRS 102115eGond edits'on - October 20191- (Charity SORP (FRS 1021 Revlsedl. Obl8ctlvos and actlvltles lor tho publlc bonellt Our alms and oblectlves The aims and ¢2bjeGts of th8 charity are as follows'.- 11 To advance the Chrtstian lalth wodthryd¢ for the benefit of tho pUbr through FKoducing and d8lfverlng Christian messages at churches, sominars, public celebration ol rellglous fesltvals and any other Chrlstian galhering and opportunities for nelwotklr¥J (fellowship. discussion and workiwj together) among 88tlshed as well as emerging Churchps and church leadgrs. 21 To advartt the edu¢atlon of the puFils at Bethlehem BiL48 College In Bethlehem, by asststiTh3 in tF proTrAslon of facilities for education at the College provid&J eithèr in person or online through provish)n of fund$ aNI grants lo the Collegè for such wrposes. 3) For the public benefit to promote the education lilUdIng language atKI leadership trainiTh31 of ppIe wothKle in such wayB as charty trusteos think lit. including by awardlng lo such person's s¢holarshlps, malnlenance allowances or grants lenatl8 at Bethl8hem Bible Colleoe. 41 The preventlon or reliel of PDvety in Israel and th8 Occupied PalestiThan Territories by provKllng humanitarian grarrts to BetheM Bible College who wll then distrfbLrte funts io those suffering from financial har(Iship towards the following: a) GenerlY pawng for items and Serv such as fo(xJ. mediclno. utilty bills or rned trealrnent: and bl For, paymènt of tuition fees, costs ol examinationg or other expenses cneCted wlth v¢xailonal training of Sdents who face flnanclal thfficuhles and hewISe wll not bo able to complete their edutn at BethlBh8m Bit4e College. The objtNe5 of the chartty are set to reffi1 ns communty m5. Each year th8 tr[08$ review the chartys Obl[Ve9 and activities to gnsure they conilnue lo refiect the m5 of the charity. In ¢atyng OLrt this revTr thg trustees have con5Klered the Charity Commlssion's generd guldanco on public benefit and ts 5uwlem8ntary wblic guidance on the athancement of rdlglon for tho public t¢nèftt. Pag8 1
BETHLEHEM DEVELOPMENT TRUST TRUSTEES. REPORT (COtrnNUED) FOR THE PERIOD 15 AUGUST 2022 TO 31 MARCH 20fJ Achlevements and performance Adivlues uTr*rtak9n thring the period have induded the lollowiro.. 1) To advance the Christlan faSth wodolvide. a) Vislts to church. colleges. and the community throughout UK to share and d$¢u$s about our work. b) Regular prayer meelings al our office. cl UK SUFV)rteTS can receive newsletters from Bethlehem Bble College and the Shepherd Soaety. 21 To advanc8 the edUCaOn of the wpils at Bethlehem Bible College. al Funds are Msed in the UK for the supp)rt ol the running of the Bethlehem Bib18 College and for the students attendlng. bl A UK donor provides funds. to support a Masterf8 Student at the collfjge. 31 To promote education ol people worldwlde. inclLpJing maintenance allowanc85 or grants al Beihlehem Bible College. a} Operational costs provlded lo the college facllltate the education a¢tlvltt8s of Iho collegg. bl ol the aCtive5 of the colleoe 15 online courses such a8 language (Engllsh and Arabic) whith tenefil peoplg in vartOU5 parts of the world. 41 The prevenJon or rellef of povety in Israel and the Occupiad Palestrnian Terrflorfes. al The soryal outreach arm of the Bethlehem Bil8 CDllege is the Sheph8rd Society who Ihen dlsmbuto the funds to those 8ullering from linanctal hardship. b) We raise funds for the Shepherd Society. The funds are used for food parls, uUIIty bllls, medical costs lie mediane5 and surgery costs) and help vlth tuluon fees ar)d other expenses conne¢t¢d with vocaoonal training of students who are facing financial difficulties whilst attendlng the Bethlehem Bibl8 College. Pag8 2
BETHLEHEM DEVELOPMENT TRUST TRUSTEES. REPORT (coKfiNUED) FOR THE PERIOD 15 AUGUST 2022 TO 31 MARCH 2023 Flnanclal revlew The attached finamal statements summarlse the charity's transaGtlons for the period end8d 31 Marth 2023. Totat incxsme for year is £87.052 (which included a transfer of funds from another ¢harfty, Hopo Christian Trust). Total expendilure Is £5.234. The net profil Is £81.818. Totals lurJs at the year-end was £81,818. made up ol unr981rf¢ted funds of £6.450 and restricted funds of £75,868. Prlnclpal fundlng sources The charitys prfndpal sources of funding are from gifts and donations. Reserves pollcy It ss Ihe pollcy of the to malnknn unrosiricted funds al a ievei wlilc Uate$ to approximdtety Iwelve morrths unreslricled expendffture. Tlis provid98 sufficaent fuNJs to ver marKgemerrt. administration, and support costs. Rlsk managemenl The trustees actively miew th8 major risks whith the charlty faces on a regular basls and believe that MaIntning unrestricted reserves al currgnl levels, comblned yth an annual revlew of the conlrols over key tinanclal system4 will provide sufficlent resources in the event of adverse conditions. The truste88 have alsD examined olher operallonal and business rfsks faced by the ¢harlty arKI conllm that they have establlshed systems to mitigate the signrflN rfsks. Slructurei governance and management Governlng document B&thlehem Developm8nt Trust is an unincorporated pukllc bonelit enttty and was established In England undgr a trust deed daled 28 May 2021, as amerKl8d by a resolution dated 1 August 2022.11 beeAme a regislered chlty on 15 August 2022. Recrultrnent and appolntment of Iruste89 The trust deed of the charity requires that there must be at least 3 trustees. Apart from the lir5t trustees every trustee must be aFwirrted for a term of 3 yèars by a resolulion of the trustees passed al a speclal mething {h81d ore or after an ordinary meeltng). The b)ard of trustees is authorised lo apwinl new trustees to fill vacandes arlsing through resignalon or dealh of an existing trustee. Twslees have the right to co-opt members to 38rve as trust88S tetween special meetings. Trustee Inductlon The trustees recèive dUments relalng lo the wles arKI obllgations of trustoes as set out by the Charity Commlsslon and are supported appropriately. organl8atloI Structure There is a thairperson and other tW8tee8. These offiL*rs and the othgr trustees w8r8 apFx)inted on 15 August 2022 and sorvo for 3 years at a time. Page 3
BETHLEHEM DEVELOPMENT TRUST TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD 15 AUGUST 2022 TO 31 MARCH 2023 R8feren¢e and admlnlslrative Infonnallon Chwr p8rson Tanas Alqassis Truslees Tanas Alqassis Jacob Sara Andrew Paget Mojisola OIu-Oyeyemi Johrb Angle IsIgned Jun8 20231 Anno Plested Registered charity number 1200065 Registered officg Post Otrice HoLe Hambr*e London Lanoport Somerset TA10 OAU Independent Examinér Chanter. Browne & Curry Chartered Acwuntants 1 Plalo Place 72-74 St Dionis Road London SW8 4TU. Accountants Elizabgth Sanders Ltmited 25 Gordon Road Windsor Berkshire SL4 3RG. Bankers Uoyds Bank PLC 24-26 Hlgh Street Wells Somerset BA5 2SJ. Pag8 4
BETHLEHEM DEVELOPMENT TRUST TRUSTEES, REPORT (CONTINUED) FOR THE PERIOD 15 AUGUST 2022 TO 31 MARCH 2023 Trustees. SpOnsIbIlItIeS In relatlon to the Ilnanclal slatemenl8 The charity trustees are responsible for pr8paring a trustees, annual report and financial statements in accordance with applicab19 law and Unitsd Kingdom Acc4)untSng Standards {United Kingdom Generally AccqAad ACUntIng Practice). The law applioable to Chare$ In England and Wales requlres the charity trustees to prepare finandal statements for each year which give a trne and fr view of Ihe stale of affairs of the charity ar of ihe incoming rosourrA8S and application of resources, of the charity for that Feriod. In preparing the financial statements. the trustees are required lo.. select suitable a(xountirMJ Dolicles and Ihon apply them ConsSsteny.' ob59rve th8 methods and principles in the applicablg Charities SORP., make jLKfvJements and esumates that are reasonable and prLthnl,' Slate whether applicablg accounting standards have been lollowed, subject to any malerial dePareS rfisclosed and &xplained In the financlat statem8nts', prepare the financlal statem8nts on th8 going concern basi8 unless it 15 inawopriate to presume that the Charity will ConnUe in busine5S. The trustees are responslbl8 for keeF4ng proper accounlno records that dsdose reasonable accuracy at any tlm8 the finanad posiion of Ihe charity and to Orble them lo ensure that the linanGial slatements comply wtth the charaS Act 201 I, the applicable Charities (Accounts and Reports) Regulations. and the provislons ol the Trust deed. They are also sponSible for safeguarding assets of Iho charity and tthng reasonthle steps for the prevention and detection of traud and other irregulariles. The truslees arg rgsp)nsible lorlhe maintenance and integrfty of the charity and flnancial information indud&l on the chariws webslte. LegISlaOn in thg United lfjngdom govemlng the preparalion and dlssemination of Ilnancial statements may dlllèr from19glslation in olherjurisdiction5. Thls rewrt was approved by the trustses on 16 May 2024 and is signed on their behalf. Tanas Alqassis Chair Person Page 5
BETHLEHEM DEVELOPMENT TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES I report to thg trustees on my examination of the finanrAal slalgmerts of the above charity for the Ferfod 15 August 2022 to 31 March 2023. wch comprise Ihe Statement of finanoiai acYviti8s, the balance sheel and the related notes on pages 9 10 11. Rosponslbllltles and basls of roport AS the ¢harfty's trustee5, you are responsible lor the preparation of the linanclal statements in aOrdanCe with the requirements of the Charities Act 2011 {The Acfl. I rep)rt in respect of my examination ot the trust's firsan¢Fal statements carried out under section 145 of the Act and in catyng out my examinatlon, I have followed all the applicable diredions given by the Charity Commlssion undor section 145151{b) of the Acl. Independent axamlnor's statsmeni I have completed my examination. l o)nlimi that no materfal matters havg come to my attention in Gonnection wlth Ihe examinatron which gtve me reasonable cal& to believe that in. any material resp8¢t: . the a¢c¥)unllThJ rordS were rt kept In accordance with secllon 130 of the Ad. or . the financial statements did nol accord vlth the actounting rewrds. or . Ihe flnandd slatsmenls dld not conwy wilh the appllcable requirements conceming the form and corrtent of financlal statements 591 out In the Charibes IAccounts and R9POrts) Rg3ulations 2008 olher than any requirement that the Ilnandal slatemgnts glve a Irue and falrf vlew whlch Is rKit a matter consldered as part of an independ9nt examinaOn. I have no concem5 arKI have come across no other mattws in connection the examination to whlch attenlton shoukd be drawn In this rep)rt in OTd8r to enat18 a propgr und8rstarKthng of the finandd slalements to be reached. P.G. Browne FCA CTA Chonler, Browno & Curry Chart9red Accountants 1 Plalo Place 72-74 St Dionls Road LorKJon SW6 4TU. Date.. 16 May 2024. Page 6
BETHLEHEM DEVELOPMENT TRUST STATEMEKf OF FINANCIAL AcTIVlEs FOR THE PERIOD 15 AUGUST 2022 TO 31 MARCH 2023 SUMMARY INCOME AND EXPENDrruRE ACCOUNT Noles Unrestrlcled RerICted funds TrAo1 INCOME Gifts and donations 11,684 75.368 87,052 Total Incom8 11.684 75.368 87,052 EXPENDftURE Charftable aL*vilies 5.234 5.234 Total oxpendltura 5,234 5,234 Net Incom•l(expendli(re) 6.450 75,368 81,818 Totsl caffled lorward 6.450 The statement ol linanciaf activities indude5 all gn8 and losses in the perlod. All InmIng resources and resources expendgd d8riv8 Irom continuing activiles. The noles on pages 9 to 11 form an inlegral part of these finar[al statements. Page 7
BETHLEHEM DEVELOPMENT TRUST BALANCE SHEEr AT 31 MARCH 2023 Note8 Totsl lunds Current aS8ets Debtors Cash at bank 83,296 Credltors: annts falling the within one year 1,478 Nét assets 81,818 Funds ol the charlty Restriclgd income lund5 Unr8thcted income fvnds 75.368 6,450 v8d by the trustses and signed on their behall.'_ Tana Aqassis Chair Person Datg: 16 May 2024. The notes on pages 9 to 11 form an integral part of these financiaf statsments. Page 8
BETHLEHEM DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 15 AUGUST 2022 TO 31 MARCH %123 Accwntlng Wlde¥ 1.1 Ba815 of accountFng Th8 charity is unlnCorWra PL)1 bengfft enfjty 9stabshed In Englarxl ur a trjst deed dat&J 28 May 2021, a8 am8nd8d by a resolutlon datgd 1 Aust 2022. Thè lInaw stat8rnonts have b08n prepared in aCwrd0n wlth A(wunting atKI Rep)rdno by CharfU88'. Statemènt ol Re¢ommend8d Practice appllcabl8 to charfdes pr8parlng thalr accounts in accordance vllh th9 nana Reporting Standard applScable In the UK aFKI Republ of IreLand IFRS 1021 Isacond edliM)n - Octobei 20191- (Charlty SORP IFRS 1021 Revi88. The Fniancld ReIn9 Standard applicae in the UK and Republic ol Irgland IFRS 1021 and tha Chathes Act 2011. The fi'naaF steThents havg bgw. pr8pared under the hlstorfcal cost convenOn Iterns recognls8d al -08t or tran5&Ction valu8 unl888 L)oMse stat&J. 1.2 Golng concgm Thè tru8teès considgr that there are no Materf urertn0vs about the tharity5 abilty lo conllnue as a golng on¢¢rn. 1.3 In¢om• Income Is In the Slatsmenl ol FInla1 Acttvib•s wh8n:. - the charity b008 8ntiUed to the resources,. - the trustees are certain Iheywlll r8ceN8 tho rasouris,' . thg monewyvdue can bè m$Ted vAth 8uffldent relialylity. Gtrts and donations ar8 recorded a8 In¢ornè in the aUnlIng pgrtr)J In wh¢h ihey are receed. except vthore th8 Ik*trXW speclfies thatttrw Bhould b9 Usgd for a spgdfic pwkA. 1.4 Expendllur? ndthre Is Indudad in Iho Staternert ol Hnanual Activitiès on an awuals bas1$. Ind9 of any VAT whlth carrnt b8 recovered. Inu>mg from glftl and donatkJn# UnreBtrfcted R•8trSct8d furbd Tol81 Gifts and O)nalon8 rOI¥8d Gtft weW)le 11.678 75.368 87,046 11,684 87,052 Page 9
BETHLEHEM DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD 15 AUGUST 2022 TO 31 MARCH 2023 Expondlture on charfl•ble actlvltles Unreslrlcted fundg Re8tri¢t8d fund$ Total Acll¥llla8 undwt•ken dlrectty And #upport PrindrYJ and stationery Postagg and courl&r8 Consutting costs Rent Travel 129 91 550 91 550 600 299 299 1,669 ¢3oveman¢e ¢06t8 ountary febs Indendent examlnefs 180 Legal expen$os Board expen868 398 1.080 1.997 1,997 No staff wgrg omph)ygd by the charty durfng Ihè pèriod endBd 31 March 2023. Nona of the tru8ts98 Inor any person8 conn¢¢ted wlth thgm) 1ved any remuneratb)n thrfng thb endGd 31 Marth 2023. None of the Iw8tee8 Inor any pgtsons GOnnted ¥Ath ttwm} reSmtX4r8ed lor exn8&S duriThJ the perh)d gnded 31 March 2023. Debto UnreJlrf¢t•d R••lrlcted fundg funds Total Gift recefvable Cr6(Ator8: amounts lalltng wthln one year UnrtrIcted lunds R•strlctod funds Page 10
BETHLEHEM DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMETrrfs (CONTINUED) FOR THE PERIOD 15 AUGUST 2022 TO 31 MARCH 2023 Stsfom•nl ol Income funds Unrestrfotgd Re8trlcl8d funds lund¥ Inwrnlrq resourc 11,884 Resourcès 04)ended 15.2341 Ai 31 March 2073 6,450 R8iirlct8d fund¥ R8slrl¢t&l funds o)mpisè the lollon9. 11 Fund to SUFVOrt th8 runniryd of the Bethlehem BILl8 Collo98 for the sttJd8nts attending. 21 Fund for thè Shepherds Soclety which is the sodai outreach arm of th8 Béth19hgm ble Cdlege. Thg fund Is uwl tor pArcal3. uJlity btlls, mtdicd tsJsts11.g. medIcIn eJKJ surgery cosl81 h81p with tultion 18as 8nd other expenses COnnd wlth vocational trainirw of studBnts who are laang ffinan dMficUe8 whllst attènding the BethM &bl8 Col*e. 31 FuThl lo sUprt a m88tefs student at fv Bgtrlehom &bl& Golkge. Page 11