Registered Charity 1017000
REFORMATION TODAY
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Contents: 1-2 Trustees' Report 3 Independent Examiner's Report 4 Receipts and Payments Account 5 Statement of Assets and Liabilities
David Cooke & Co Chartered Accountants 5 Briar Close Banbury Oxon OX16 9DS
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REFORMATION TODAY
Report of the Trustees for the Year Ended 31 March 2023
The Trustees have pleasure in submitting their report and the financial statements of The Reformation Today Trust for the year ended 31 March 2023.
Reference and Administrative Details
Reformation Today is a registered charity, no. 1017000. Its address is: 9 Ffordd Trem y Foel, Mold, Flintshire, CH7 1NG. The Trustees who served during the year were as follows:
Hugh Collier Stephen Dunning Andrew King Robert Strivens Oliver Allmand-Smith Paul Brunning (appointed 18/5/22)
Structure, Governance and Management
Reformation Today is an unincorporated association governed by its Trust Deed and administered by its Trustees. In accordance with the Trust Deed, new trustees may be appointed by the vote of the existing trustees at a duly convened trustees’ meeting.
Objectives and Activities
The principal object of Reformation Today is to promote the Christian faith, and in particular the Biblical and historic heritage represented by the 1689 Confession of Faith. It does this by means of publishing its magazine, “Reformation Today”, organizing the Carey Conference for those in Christian ministry and leadership, and supporting African Pastors’ Conferences (APC).
Achievement and Performance
The Reformation Today trust oversees the production and distribution of the Reformation Today magazine; the Reformation Today website; the annual Carey Conference for church leaders and their wives; it also oversees UK support for the African Pastors Conferences and a small number of books and booklets published under Carey publications.
This year has been a significant one in terms of the magazine. After a number of years as Editor, Kees Van Kralingen is standing down from the role. Kees had a significant medical issue during this year; we are thankful to the Lord for his return to health, but it has led to Kees deciding to stand back from various responsibilities, including that of editing the magazine. As trustees we would wish to record our sincere thanks to Kees for the many years he has edited the magazine. The standard of the magazine has been excellent throughout and Kees has overseen many changes, including the style and layout of the magazine. The magazine has continued to fulfil a unique role in encouraging and promoting Reformed Baptist theology and practice. The trustees are in the process of seeking a new editor, but are also conscious of the challenges of maintaining a printed magazine in this technological age and of the need for a new editor to consider new ways to get the content of the magazine into the hands of a new and younger readership.
The Trust also helps with overseeing some of the financial support for the African Pastors’ Conferences. Oliver Allmand-Smith, one of our trustees, is a director of APC and oversees this aspect of the work. It is a great joy to see the number of conferences. growing and the work advancing under better oversight. This has made supporting the work and sending funds and books much easier for the Trust.
121 REFORMATION TODAY Report of the Trustees for the Year Ended 31 Marth 2023 (continued) Achlevements and Perfomiance l¢ontlnued) At our Carey Conference sn January the numbers were very S1htty up from last year (with 107 full-time delegates and 12 day visitors) with a good number of new delegates. 8111 James wa5 the main speaker on the theme of resoicing in hope. These talks have been published as articles in RT. As ever. it was a good time of fellowship too, with opportunities to catch up with old friends and meet new ones too. The feedback we received about the conference was generally very encouraging. Next yearfs conference is planned for 2- 4 january, the theme being"A Holy Life" and the main speaker David Campbell. Brochures have been sent out and we tDJst that the confereftce will once again bè blessed. After the republj5hing of 'Children of Abraham., the trust has not been involved in any new publication projetts, however we have been very happy to give permission for a number of Erroll Hulse's book5 to be reprinted or available on print on demand. We are thankful to our trustee Stephen Dunning who looks after all the finances of the Trust, and has helped to simpllfy our accounting and banking. As ever, as a Trust. we acknowledge our dependence on the Lord for His help in all we do and give thanks for His faithfulness in sustaining us. In carying out its artiVTties in the year under review. the trustees have had regard to the public benefit guidance issued by the Charity Commission, and are satisfied that the artivities mentioned above have all been forthe public benefit. Revlew ol Flnances The results for the year are set out on page 4. The trustees conslder the financial state of affairs of the Tnjst to be satisfactory. It Is not the aim of the Trust to accumulate financial reserves. However. funds have to be kept in hand for the following purposes.. l. Provision for subscribers in the evert of a sudden end to the magazine's publication, and produrtion and postage costs for 4 issues of the magazine in the event of a Sudden loss of income from sub5criptions- 2. Planning and booking expenses for the CaY Conference- 3. Funds for the publication of new books,. 4. PlanninE and expenses for the African Pastors. Conferences- 5. Funds for fvture projects which have been proposed aThJ a cyrrelltty in development. The current ServeS of the Trust have been reviewed and considered appropriate for these purpose5. ON BEHALF OF THE TRusfEES H Collier. Tnlstee Date: Ltr_ lo
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INDEPENDENT EXAMINER’S REPORT
TO THE TRUSTEES OF REFORMATION TODAY
I report on the accounts of the charity for the year ended 31 March 2023 set out on pages 4 and 5.
Respective responsibilities of trustees and independent examiner
The charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year (under section 44(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.
It is my responsibility to:
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Examine the accounts under section 145 of the 2011 Act;
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To follow the procedures laid down in the General Directions given by the Charity Commissioners under
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section 145 (5) (b) of the 2011 Act; and
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To state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which give me cause to believe that, in any material respect
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of
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accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
David Cooke MA (Oxon) FCA FCIE
Chartered Accountant
David Cooke & Co 5 Briar Clos Banbury Oxon. OX16 9DS Date: 24 October 2023
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Reformation Today
Receipts and Payments Account for the year ended 31 March 2023
| Receipts Gifts & Donations Gift Aid Donations Sales of books, magazines Conference Fees Magazine subscriptions Bank interest Other income Total Receipts Payments Printing/Binding costs Purchase of books Editing, proof-reading, etc. Conference costs Postage Website costs Trustees expenses Bank and PayPal charges Independent examination African Pastor's Conferences Surplus/(Deficit) Transfer between funds Balance brought forward Balance carried forward |
General -------------Designated Funds----------- 2023 2022 Fund Reformation Carey African Pastors' Total Total Today Conference Conferences £ £ £ £ £ £ - 75 - 19,323 19,398 17,737 - 629 - 120 749 1,081 - 796 - - 796 263 - - 19,790 - 19,790 16,730 - 4,546 - - 4,546 3,683 - - - - - - 1 - 6,046 19,790 19,443 45,279 39,495 - 3,595 - - 3,595 3,941 - - - 9,939 9,939 22,347 - - - - - - - - 21,807 - 21,807 16,126 - 3,132 - 3,132 3,724 155 - 267 - 422 348 399 - - - 399 342 - 73 244 3 320 286 540 - 540 510 - - - - - - 1,094 6,800 22,318 9,942 40,154 47,624 (1,094) (754) (2,528) 9,501 5,125 (8,129) 1,094 (6,838) 1,130 4,614 - - - (7,592) (1,398) 14,115 5,125 (8,129) - 9,408 1,493 985 11,886 20,015 - 1,816 95 15,100 17,011 11,886 |
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Reformation Today
Statement of Assets and Liabilies as at 31 March[2023]
| General | .------------Designated | .------------Designated | .------------Designated | 2023 | 2023 | 2023 | 2022 | 2022 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | Reformaon | Carey | African Pastors' | Total | Total | |||||||
| Today | Conference | Conferences | ||||||||||
| E | ||||||||||||
| Assets | ||||||||||||
| Cash and | bank balances: | |||||||||||
| Bank accounts | 1,307 | 95 | 15,100 | 16,502 | 11,303 | |||||||
| PayPal Account | 278 | 278 | 567 | |||||||||
| Cash | 231 | 231 | 16 | |||||||||
| 1,816 | 95 | 15,100 | 17,011 | 11,886 | ||||||||
| Liabilies | ||||||||||||
| Independent | Examiners fee | (190) | (190) | (190) | (570) | (540) | ||||||
| Net Assets | 1,626 | (95) | 14,910 | 16,441 | 11,346 |
Approved by the trustees on: jo
Trustee
Trustee