BUSINESS MEN'S FELLOWSHIP
Scottish Charity Number: SCO25720
ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST DECEMBER 2024
Business Men's Fellowship Legal and Administration
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Current Trustees:
Chair
Treasurer
Charity No: SCO25720
Registered Office:
Independent Examiner:
Bankers:
Solicitors:
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Business Men's Fellowship Trustees Report For the year ended 31st December 2024
Structure Governance & Management
Constitution
The Fellowship is established by constitution (Nov 1997) in the UK and oversees other groups throughout Europe. The Fellowship is a Scottish Charity (No. SC 025720 )
Appointment of Trustees
Trustees are appointed on recommendation of the Council and ratified by the members at any General Meeting convened for the purpose.
Management
The Fellowship is democratic in policy and in its running is undertaken by the office bearers and members of local groups or chapters who propose and elect the National Directors at the AGM. The Council which meets quarterly comprises the Directors and Trustees who are supported by the National Treasurer and National Administrator. These meetings are open to any member who may wish to attend.
The Office Bearers who served during the year and to the date of this report were as follows;
Charitable purposes
The aims of the Fellowship are in line with its Mission Statement – ‘to reach men in all nations for Jesus Christ, to call men back to God, to help believers be baptised in the Holy Spirit and grow spiritually, to bring greater unity in the church, the body of Christ.’ It is affiliated to other groups with the same vision through the Full Gospel Global Forum. This includes almost all Business Mens Fellowship and Full Gospel Business Mens Fellowship groups throughout Europe, Africa, Asia-Pacific, north America, Central America and South America.
Activities
Our reach and impact online continues to increase greatly. We have been live streaming a testimony and interview event every Monday night, which is seen by tens of thousands of people over our social media accounts on Zoom, Streamyard, Facebook and Youtube. The testimonies are recorded and edited for sharing on Spotify, radio programs and highlight/TV style episodes on Youtube. We have spent a small amount of money on adverstising our videos and website on Facebook, Google and Youtube, which has helped us to increase our reach of audience exponentially. Our testimony videos and highlight videos have been watched by millions of people in 200 countries. Our online work is branded as ‘Lifestories Worldwide.’
We held a conference in Newport, Wales. This was our second in person gathering following the covid pandemic. It was a great success, being attended by over 100 people.
Our members continue to meet every Thursday night for a prayer meeting on Zoom, in which we are often joined by some of our partner members from USA, Canada and Latvia.
We also provide leadership and participation in the Full Gospel Global Forum and are active in supporting the work of BMF in other countries such as Kenya, Uganda, Lithuania and Latvia. Specifically in countries such as Kenya and Uganda, we provide a great deal of support for those suffering through abject poverty, through the provision of sports activities, prison visits and basic provisions.
Achievements & Performance
We successfully built our ‘Life Stories @ Lunch’ and ‘Lifestories Worldwide’ accounts on Facebook and Youtube to many thousands. Our social media platform is used to live stream events and share edited testimonies, including exclusive interviews with the likes of Holywood actor Jin Caviezel and popstar Yazz. Our videos have been watched by millions of people in 200 countries. Outreach events continued in Uganda and Kenya to great effect.
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Business Men's Fellowship Trustees Report For the year ended 31st December 2024
We continue to support a food growing and distribution project in Uganda we started to address food insecurity during the global pandemic. We continue to support an employment program in Kenya we started to help bring people out of poverty through being registered street cleaners. This program has helped bolster the income of hundreds of people across the country.
We have started a new group in Linlithgow, Scotland, who are meeting monthly to share life stories, worship and fellowship together. The first meeting was held in November 2024 and was attended by 19 men interested in becoming members.
Financial Review
Reserves Policy
There are no overheads , paid employees or loan commitments and there is therefore no requirement for a financial reserve.
Grant Making Policy
The Fellowship may give some financial support to new groups to establish the work overseas and within the UK.
Risk Management
The Trustees assess the risks to which the charity is exposed on an ongoing basis and have established review procedures to Risk is low as there are no salaried staff or fixed overheads.
Plans for Future Periods
The Fellowship plans to promote new groups in the UK and overseas as opportunity and funding allows. We will continue to host Monday night live streamed events and propose to expand our online audience worldwide through social media platforms, podcasts and radio air time. We also anticipate having another conference in Wales, following the success of the conference there in 2024. We plan to hold a conference in Linlithgow, Scotland in May 2025. We will continue to engage with the FGGF and promote future international events to our members.
Trustees Responsibilities
Under legislation relating to charities in Scotland, the Trustees are required to prepare financial statements for each financial year 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
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Fellowship will continue its activities.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the Aug 25 2025 Approved by the trustees on ____ and signed on their behalf by:
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Independent Examiner's Report to the trustees of Business Men's Fellowship I report on the FJllall¢ial Statell1ts of the chgriry the Fgr ended 31 Decen]b 2024, gre set out on 6 to 9 Respective Iesponsibi]ities of Tnjstees and Examiner The Ckn13 twstees ie5ponsible Eor the plepatiOn of the accounts UL ACCOtd&oce th the terllL5 OE the Clwitie5 aud TThtre Investment (Scotland) 2005 Act and the Chatities Accounts (Scotw Regthations 2(K)6. The cljatiry ttUStees considct that the audit iequiremetit of Regulauon 10(l) Id) of the Accounts Regulations does not apply. It is my iesponsiblliry to examitie the accounts as iewed ullder section 4411) (cl of the Act at to srate whetheI pgrtiCLkn have come to tlly etiOn. Basis of Independent Examinees StatexJ)eni My ex2[DitiolS CaLed out ill accordallce RtiOn I l of the Clutities Accouats IScod2nffj Regdatiolls 21M)6. A e3gxtlltlltiollJadude5 a of the accouotit]g iecoIds kept by dLe chatity Aad & coD¥>atison ofthe accoullts pIe5ellted witEL t}Se Iccoid5. It 3150 ChNIC3 COnduation of auy UllU5Ld ite3 01 di5dosuIcs the cOUnt5 and seck5 expl3atiOnS frotn thc tru5tce5 Coti¢ellits any such mattexs. The procedures undextaken do tiot provide all the that TrDuld be requixed in an audlt ax)d. cot]swtty, I do llot esS Audit 00 on the accounts. Independent Exatnjner 5 Statetnent Its coiuiecrion Thryth my ex2mination, no m2trer has come to my arenuon'.- I me IeAsob1e cause to believe in iesFc¢ the ryents:_ to keep accounts xecoids In accordance with section H(11 {a) of the 2(K)5 Act and Regulation 4 of the 2(KJ6 Accounts to piepare accoullt5 which accoid the accollnti records and cwly Re8tiO1} 9 of the 2(KkS Accounts RegtiOnS have not been or to TKhid4 op1t]io attention should be d[ll ill der to eble a pioper ustslg of the accounts to be rcache(L Page'.5
Business Men's Fellowship Statement of Receipts and Payments Foi the year ended 31st December 2024 Unrestricied Funds Resttieted Funds Total 2024 Toial 2023 Notes RecPt5 Voluntary Rec¥ts Doll&tion5 & Gifts Grants B¥JJk Intettst 21810 15,406 38,215 65,416 19 Total Recexpis 21814 15,406 38,219 65.435 Payments Cost of Fund 1knisg C}ltsble Activities E(kncation & Trainiog Comttxwiiry Fdlowship Govemance costs 827 827 1.928 &537 3.324 947 8.537 28,323 947 14.011 63.298 833 24.999 Total Payments 13,636 24.999 38.635 80.070 Su15/[DefiQt) for the yeAt beEoLe ttansEers 9.178 19593) (416) (14.635) Tiallsfers fillmjs ,59 9,593 Surylus/(Defiat) for the year (416) {416) (14.635) The Notes on pages 8 ¢0 10 form afA Antwal pgxt of these accounts All reco£ni5ed gain5 Ios5e5 ate iacluded the Ststell1t of RecPts & Payments. Page'.6
Business Men's Fellowship Statement of Balances as at 31st December 2024
| Notes Reconciliation of Funds Fund balances brought forward at 1st January 2024 Surplus/(Deficit) for the year Fund balances carried forward at 31st December 2024 6 Bank & Cash Balances Cash at Bank Cash in Hand Other Assets (Unrestricted Funds) Equipments Gift Aid accrued on donations at the year end Liabilities (Unrestricted Funds) Hall Hire All funds are unrestricted The Notes on pages 8 to 10 form an integral part of these ac |
Unrestricted Funds £ 8,219 (415) 7,804 counts |
Restricted Funds £ - - |
Total 2024 £ 8,219 (416) 7,803 2024 £ 7,803 7,803 - - |
Total 2023 £ 22,854 (14,635) 8,219 2023 £ 8,219 8,219 - - |
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Aug 25 2025
Approved by the trustees on _______ and signed on their behalf by:-
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Business Men's Fellowship Notes to the Financial Statements For the year ended 31st December 2024
1 Accounting policies
Basis of Accounting
These accounts have been prepared on the Receipts & Payments basis in accordance with the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
Nature and purpose of funds
Unrestricted funds comprise accumulated surpluses and deficits on general funds. They are available for use at the discretion of the Trustees in furtherance of the general charitable objectives.
Restricted funds are funds that are to be used in accordance with specific restrictions imposed by the donors or which have been raised by the charity for specific purpose. The cost of raising and administering such funds is charged against the specific fund.
2 Voluntary Receipts - Donations and Gifts
| Offerings, Collections, Donations Gifts Total |
Unrestricted Funds £ 5,147 17,663 22,810 |
Restricted Funds £ 15,406 15,406 |
Total 2024 £ 5,147 33,069 38,215 |
Total 2023 £ 5,869 59,548 65,416 |
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3 Trustees Remuneration and Reimbursed Expenses
No members of the Trustees received remuneration for their services during the year (2023 - £Nil).
No members of the Trustees received any reimbursed expenses during the year (2023 - £Nil)
4 Analysis of Charitable Expenditure
| Restricted Gifts to Kenya Restricted Gifts to Uganda Conferences Fellowship Support Total |
Education & Training £ 8,537 8,537 |
Community Fellowship £ 8,660 16,339 3,324 28,323 |
Total 2024 £ 8,660 16,339 8,537 3,324 36,861 |
Total 2023 £ 11,798 18,428 14,011 33,073 77,309 |
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Business Men's Fellowship Notes to the Financial Statements For the year ended 31st December 2024 (Continued)
5 Governance Costs
| Insurance Independent Examination & Accountancy Bank Fees 6 Funds Unrestricted funds Restricted funds Total funds |
Balance at 1st Jan. 2024 £ 8,219 - 8,219 |
(Deficit)/ Surplus for the year £ (416) H Mole (416) |
Transfers £ - - - |
2024 £ 379 568 - 947 Utilised/ Realised £ - - - |
2023 £ 266 568 - 833 Balance at 31st Dec. 2024 £ 7,803 - 7,803 |
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