Registered charity number.. 1200065 BETHLEHEM DEVELOPMENT TRUST TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Chanter, Browne & Curry Chartered Accounlanls 1 Plalo Place 72-74 Sl Dionis Road London SW6 4TU.
BETHLEHEM DEVELOPMENT TRUST CONTENTS Page Truslees, report Independent examiner's report Slalemenl ol financial activities Balance sheet Notes to the financial slalemenls 9-11
BETHLEHEM DEVELOPMENT TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The IrLJsleès prèsent their annual report with the financial slalements ol the charity lor the year ended 31 March 2024. The financial slaiements have been prepared in accordance with the accounting policies sel out In note 1 to the ac¢ounts and comply wilh the charity's trust deed, the Charities Aci 2011 and Accounting and Reporting by Charities.. Stalement of Recommended Practice applicable to chaiilies preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (second edition October 20191 Icharity SORP IFRS 1021 Revised). Objectives and activities for the public benefit Our aims and objectives The aims and objects ol ihe charity are as lollows:_ I l To advance the Christian faith worldwide lor the benclit ol the public through producing and delivering Christian mossages ai churches, seminars, public ¢elebralion of religious leslivals and any other Christian gathering an¢ opportunities lor networking Ifellow5hip, discussion and working together) among establlshed as well as emerging churches and church leaders. 21 To advance the education ol the pupils at Bethlehem Bible College in Bethlehem, by assisting in ihe provision ol facilities lor education al the College provided either in person or online through provision ol funds and grants to the College for such purposes. 31 For the public benefit io promote the education lincluding language and leadership Irainingl ol people worldwide in such ways as the charity Iruslees think fit, including by awarding lo such person's scholarships, maintenance allowances or grants tenable al Bethlehem Bible College. 41 The prevention or relief ol poverty in Israel and the Occupied Falestinian Territories by providing humanitarian grants to Bethlehem Bible College who will then distribute Ihe funds to those suffering from financial hardship towards the following.. al Generally paying lor items and services such as food, medicine, utility bills or medical treatment., and bl For payment of luilion fees, cost ol èyaminalions or other expenses connected wilh vocational training ol students who lace financial diff iculties and otherwise will not be able lo complete their education al Bethlehem Bible college. The objectives ol the charity are sel lo reflect its community aims. Each year the trustees review the chaiily's obieclives and activities lo ensure Ihey continue 10 rellecl the aims ol the charity. In carrying out this review the trustees have considered the Charity Commission's general guidance on public benelrt and its 5upplemenlary public guidance on the advancement ol religitsn for ihe public benelrt. Page 1
BETHLEHEM DEVELOPMENT TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance Activities undertaken during the peiiod have included the lolloN¥ing'. 11 To advance the Chrislian faith worldwide. al Visits lo chLJrch. colleges, and the comfflunity throughout the UK to share and discuss about our work. bl Regular prayer meetings at our ollice. CI UK supporters can receive newsletters from Bethlèhem Bible College and the Shepherd Society. 21 To advance the education ol the pupils al Bethlehem Bible College al Funds are Taised in the UK lor the support ol the running ol the Bethlehem Bible College and lor the sludenls attending. bl A UK donor provides funds, to support a Master's sludenl al the college. 31 To promote education of people worldwide, including maintenance allowances or giant5 at Bethlehem Bible College al Contributions towards operational costs provided lo the college lacililale the educational activities ol the college. bl One ol the activities ol the college is online courses such as language (English and Arabic) which benelil people in various parts ol the world. 41 The prevention or relief ol povety In Israel and the Occupied Palestinian Territories. al The social outreach arm ol the Bethlehem Bible College is the Shepherd Society who then distribute the funds to those sullering from financial hardship. bl We raise funds lor the Shepherd Society. The funds are used lor food parcels. ulilily bills. medical cos15 lie edicines and surgery costs) and help with luilion lees and olher expenses connected with vocational Iraining ol students who are lacing financial dilliculties whilst allending the Bethlehem Bible College. Page 2
BETHLEHEM DEVELOPMENT TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Financial review The attached financial statements summarise the charity's transactions for the year ended 31 March 2024. Total income lor year is £64,75712023.. £87,052). Total expenditure is £67,79412023.. £5,234). The net delicil is £3,037 12023.. £81.818 surplus). Tota15 funds al the year-end was £78,781 12023. £81.8181, made up ol unrestricted funds 01 £23,57012023.. £6,450) and restricted funds of £55,211 12023.. £75,3681. Prlncipal f unding Sources The charity's principal sources of funding are from gifts and donations. Reserves policy It is the policy ol Ihe charity to maintain unrestricted funds al a level which equates lo approximately Melve months unrestricted expenditure. This provides sufficient lund5 to cover fflanagemenl, adminislralion, and support costs. Risk management The trustees actively review the major risks which the charity laces on a regular basis and believe that maintaining unrestricted reserves at current levels. combined with an annual review ol the controls over key financial systems, will provide sufficient resources in the event ol adverse conditions. The Iruslees have also examined other operational and business risks laced by the charity and confirm that they have established systems to miligale the significant risks. Structure, governance and management Governing document Bethlehem Development Trust is an unincorporated public benefit entity and was eslablished in England under a trust deed dated 28 May 2021 , as amended by a resolution dated 1 Augusl 2022. 11 became a registered charity on 15 August 2022. Recruitment and appointment of Irustees The trust deed ol the charity requires that there musl be al least 3 trustees Aparl Irom the first trustees every Iruslee must be appointed lor a term 013 years by a resolution of the trustees passed at a special meeting (held before or after an ordinary meetingl. The board ol Irustee5 is aulhorised lo appoint new trustees lo lill vacancies arising through resignation or death ol an existing trustee. Trustees have thè right to co-opt members lo serve as Iru5tees between special rneetings. Trustee induction The trustees receive document5 relating lo the rules and obligations ol Iruslees as sel out by the Charity Commission and are supported appropriately. Organisalional structure There is a chairpeTSOn and other trustees. These officers and the other Iruslees were appointed Dn 15 August 2022 and serve lor 3 years al a time. Going concern Albeil, with the uncertainly ol Ihe region ol Israel and Occupied Palestinian Territories, there is still much need lor funds lor the sUPPOrt of our work. There is no reason lo believe that this need is not required lor the foreseeable lulure. Page 3
BETHLEHEM DEVELOPMENT TRUST TRUSTEES, REPORT (CONTINUED} FOR THE YEAR ENDEO 31 MARCH 2024 Reference and administrative information Chair person Tanas Alqassis Trustees Tanas AlqasSIS Jacob Sara Andrew Pagel Mojisola Olu-oyeyemi John Angle (resigned June 20231 Anne Ple5ted Registered charity number 1200065 Registered office Post Ollice House Hambridge Langport Somerset TA10 OAU Indep@ndent Examiner Chanter, Browne & Curry Chartered Accountants 1 Plato Place 72-74 Sl Dionis Road London SW6 4TU. Accountants Elizabeth Sanders Limited 25 Gordon Road Windsor Berkshire SL4 3RG. Bankers Lloyds Bank PLC 24-26 High Street Wells Somersel BA5 2SJ. Page 4
BETHLEHEM DEVELOPMENT TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Trustees, responsibilities in relation to the financlal statements The charity Iruslees are responsible for preparing a trustees, annual report and financial statefftenls in accordance with applicable law and Unilod Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable lo charities in England and Wales requires the charity Iruslees lo prepare financial slalemenls for each year which give a true and lair view ol thÈ slate of allairs ol the ¢harily and ol the incoming resources and application of resources, ol the charity lor that period. In preparing the financial slalemenls. the Iruslees are required lo.. select suitable ac¢ounling PDlicies and then apply them consislenlly., observe the methods and principles in Ihe applicable Charities SORP.. make judgements and estimates that are reasonable and prudent., stale whether applicable accounting standards have been lollowed, subject lo any material departures disclosed and explained in the financial slaternenls., prepare the financial slalemenls on the going concern basis unless il is inappropriate to presume that the charity will continue in business. The trustees are responsible lor keeping proper accounting records that disclose with reasonable accLJracy at any lime the financial position ol the charity and to enable them lo eysure that Ihe financial slalements comply with the Charities Act 2011, the applicable charities IAccounls and Reportsl Regulations, and the provisions of the Trust deed They are also iesponsible lor safeguarding the assels ol the charity and taking reasonable steps lor the prevention and detection ol fraud and other irregularities. The trustees are responsible lor the maintenance and integrity ol the charity and financial information included o the charity's website. Legislation in the Uniled Kingdom governing the preparalion and disseminalion ol financial slalemenls may differ Irofft legislation in other jurisdictions. This report was approved by the trustees on 9 December 2024 and is signed on their behalf. Tanas Alqassis Chaif Person Page 5
BETHLEHEM DEVELOPMENT TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES I report lo Ihe Iruslees on my examination ol the financial statements r)1 the above charity lor the year ended 31 March 2024, which comprise the slalemenl ol financial aclivilies, the balance sheet and the related notes on pages91011 Responsibilities and b8sIs of report As the charity's trustees, you are responsible lor the preparation ol the financial slalements in accordance with the requirements ol the Charities Act 2011 1.the Acl l. I report in respect ol my examination of the Irusl's financial statements carried out under section 145 01 the Act and in carrying out my examination, I have followed all the applicable directions given by the Charity Commission under section 14515llbl ol the Act. Independent examiner's ststemenl I have completed my examination. I confirm that no material matters have come to my attention in connection with the examinalion which give rne reasonable cause to believe that in, any material respect= the accounting iecords were not kept in accordance with section 130 01 the Act.. or the financial slalemenls did not accord wilh the accounting records., or the financial slalemenls did not comply with the applicable requirements concerning the form and conlenl ol financial slalemenls sel out in the Charities (Accounts and RepDrtsl Regulations 2008 other than any requirement that the linancial statements give a 'lrue and fair, view which Is not a matter considered as part of a Independent examinatiofj. I have no concerns and have come across no other matters in connection with the examinath'on lo which attention should be drawn in this report in order lo enable a proper under51anding ol the financial statements lo be reached. P.G. Browne FCA CTA Chanter, Browne & Curry Chartered Accountants 1 Plato Place 72-74 Sl Dionis Road London SW6 4TU. Date.. 9 DeGember 2024. Page S
BETHLEHEM DEVELOPMENT TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 SUMMARY INCOME AND EXPENDITURE ACCOUNT 2024 Restricted lund$ 2023 Notes Unrestricted funds Total Tolal INCOME Gifts and donation5 24,986 39,771 64.757 87.052 Tolal income 24.986 39,771 64,757 87,052 EXPENDITURE Charitable aclivilies 7,866 59,928 67,794 5.234 Tolal expenditure 7.866 59.928 67,794 5.234 Net incomellexpenditurel 17.120 120.1571 13.0371 81,818 Total funds brought lorward 6,450 75,368 81.818 Total funds carrièd lorward 23.570 55.211 78.781 81.818 The slalement ol financial activities Include5 all gains and losses in ihe period. All incoming resources and resources expended derive from cc>nlinuing activities. The notes on pages 9 10 I t fortn an Integral part ol these financial staiemenls. Page 7
BETHLEHEM DEVELOPMENT TRUST BALANCE SHEET AT 31 MARCH 2024 2024 Total lunds 2023 Notes Total funds Current assets Debtors Cash al bank 1.066 80,315 81,381 83.290 83.296 Creditors= amounts falling due wilhin one year 2,600 1,478 Net assels 78.781 81.818 Funds of the charity Restricted income funds Unreslricled income funds 55,211 23,570 75,368 6,450 81,818 Approved by the tru51ees and signed on their behall".- Tana5 Alqassis Chair Person Dale- 9 December 2024. The notes on pages 9 10 11 form an integral part ol these financial slalemenls. Page 8
BETHLEHEM DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies 1.1 Basis of 8ceounllng The charity is an uninGoorated public benefit entity established in England under a Iwst deed dated 28 May 2021, as amended by a resolution dated l August 2022. The financial statomgnts have been prepared in accordance with Accounting and Reporting by Charities.. Sialernenl ol Recommended Practice applicable to charities preparing their accounts in accordance with the FiTTrancial Reporting Standard applicable in ihe UK and Republic ol Ireland IFRS 1021 (second edition October 20191- (Charity SORP IFRS 1021 Revisèdl. The Financial Reporting Standard applicable in the UK and Republic ol Ireland (FR8 1021 and the Charilies Act 2011. The linancial slalernents have been prepared under the historica1 cost convention with items recognised at cost or transaction value un185S Dtherwise staled. 1.2 Going concern The trustees consider that there are no material uncertainties about Ihe charity's ability to ¢ontinue as a going concern. 1.3 Ineome Income Ig Included In the Slatemeni ol Financial Activitigs whèn-_ the charily becornes entitled lo th9 resources, the trustees are virtually certain they will receive th8 resources.. and the monplary value can be measured with sufficient reliability. Gitts and donations are recorded as Income in the accounling pgriod In which they ar9 received. except where the donor specilies that they should b9 used lor a specific period. 1.4 Expendlture Expenditure Is included in Ihe Statement ol Financial Aclivili8s on an accruals basis, inclusive of any VAT which cannot be recovered. Income from gifts and donations 2024 Reslricltrd funds 2023 Unrestiicted funds Total Total Gift5 and donations received Gift Aid receivable 23.892 1.094 24.986 39.771 63,663 1.094 64,757 87,046 29.771 87.052 Page 9
BETHLEHEM DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on charltable 8ctlvltles 2024 estricted funds 2023 UnrÈstrieted tunds Total Toial A¢tlvitles undertal(en direclly and support cosls Priniino and slalionery Postage and couriers Consulting cost5 Renl and rates Travel Bank charges Donations paid Scholarships Conferences Tel&phone and inlernel 308 313 100 408 313 7,500 2,470 1.018 45 44,996 6.450 2,342 80 129 91 550 600 299 7.500 2.470 837 45 44,996 6.450 2,342 80 59.928 65.622 1.669 Governance eosts Accountancy fees Independent examiner's fe& Legal expenses Board expenses 935 1.140 935 1,140 398 1.080 1.997 90 97 97 2.172 No staff were etnployed by the charity during the two periods ended 31 March 2024. None of the Iruslees InDI any persons connected with Ihernl received any remuneration during the two periods ended 31 March 2024. During the year ended 31 March 2024, ¢onsulling lees lotalling £7.500 were paid to a IrL4siee, Anne Plesled. During Ihe year ended 31 March 2024. one trustee was reimbursed £1,018 ft>r travel expenses and one trustee was reimbursed £97 for board expenses. DeblOIS 2024 Restrlcted funds 2023 Unre5trictgLI lund5 Total Total Gift Aid receivable 1.066 1.066 Credltors.. amounts falling due within one year 2024 Resirlcted funds 2023 Unr88trlcted fttnils Tot81 Total Accruals 2.600 2.600 2.600 2.600 1.478 1.478 Page10
BETHLEHEM DEVELOPMENT TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Statement of Income funds Unre$trietet1 funds Reslricted funds Total funds Al 1 April 2023 6,450 75.368 81,818 Incoming resources 24.986 31,436 64.757 146.575 115.139 Resource5 expended 17,8661 159,9281 167.7941 At 31 March 2024 23.570 55,211 78,781 Resirlcled funds Resiricted funds comprise the followirvJ'. 11 Fund to support the running of the Bethlehem 8ible College and lor the students attending. 21 Fund lor the Shepherds Society whioh is the social outreach arm of the Bethlehem Bible College. The fund is used lor food parcels. utility bills, medical costs li.e. medicines and surg8ry coslsl and help with tuiiion lees and other expenses conn&cied with vocational training ol students who are lacing financial diffieullies whilst attending the Bethlehem Bible coll8. 31 Fund to support a master's sludeni al the Bethleh8rn Bible College. 41 Funds have been raised lor a Gaza Appeal, which will be administered by the Shepherds Society for Gaza. Page11