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2021-12-31-accounts

C+M MINISTRIES TRUSTEES" REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Charity No : 1029797

C+ M MINISTRIES

FINANCIAL STATEMENTS FOR THE YEAR ENDED

31° DECEMBER 2021

1

C+M MINISTRIES TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Charity No : 1029797

INDEX

Pages Charity tnfarmation 3 Trustees’ Report 4-6 independent Examiner's Report 7 Statement of Financial Activitles 8 Balance Sheet 9 Notes to the Financial Statements 10-15

2

C+M MINISTRIES TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Charity No : 1029797

CHARITY INFORMATION

Trustees

The Trustees during the year ended 31°* December 2021, and the perlod in 2022 prior to signing the 2021 Accounts, were as follows:

Mrs Jennifer Cooper Ms Vanessa Edmonds Mr Spyraklis Efthimiou Mr Neil Harvey Mr Stephen Hill Mrs Angela Isbister Mrs Alison Neurauter Mr Roy Smith Ms Virginia Symonds

appointed 7 February 2022 resigned 7 December 2021 resigned 7 December 2021 appointed 7 December 2021 appointed 7 February 2022 appointed 7 December 2021 appointed 7 February 2022 appointed 7 December 2021 resigned 7 December 2021

Heritage Directors

Dr Cilfford HiIl Mrs Monica Hill

Ministry Coordinator Mr Chris Cobbold

resigned 7 December 2021

Principal Office Address Bedford Heights Brickhill Orlve Becford MK41 7PH

independent Examiner Mr Paul Clark ACA 74 Palatine Avenue Scatforth Lancaster LA1 4HF

Bankers

CAF Bank Ltd 25 Kings HIll Avenue West Malling Kent ME19 43Q

Lloyds TSB Pie High Street Ashford Kent FN24 SS

Advisors Michael Fenton Jones FRICS David Lindsay David Noakes MA

3

C +M MINISTRIES TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Charity No : 1029797

TRUSTEES' REPORT

CHARITY INFORMATION

Structure, Governance and Management

Charitable Status

Registered Charity 1029797 — registered on 7™ December 1993. The Charlty’s governing document Is a Declaration of Trust dated 26" November 1993. On 25" October 2012 a supplemental agreement was signed by the Trustees regarding the number and appointment of Trustees, and submitted to the Charity Commission.

Anew CIO named Issachar Ministries UK has been created to develop the ongoing work of C+M Minlstrles and has become operative in 2022. C&M Ministries is continulng to support and develop the heritage work of Clifford and Manica Hill,.

Organisation

The Trustees responded to the needed change of emphasis and continuing Covid restrictions during 2021 in a number of different ways. The Impartance of the Heritage section of C&M Ministries had been affirmed and was growing in its significant relevance to ministry today as well as the fulffiling of its original objectives. The need was also recognised for Issachar Ministries to become a CIO In its own right at the same time as Prophecy Today retained its Independent Company status and these divisions and changes were accomplished during 2021.

As the staff were continuing to work from home, the Trustees took a break clause In the lease of their offices in Sandy at the end of August and took out a virtual business address in neighbouring Bedford from that time for all three ministries as well as storage facilities. Prophecy Today’s actlvities were from the start of the year being carried aut completely on tine while from September 2021, Jacqueline, used her home for any necessary activity and the once sub office at Hall Weston became the main base for all hard copy materials for the Herttage ministry.

Virginia Symonds, with Spyrakis Efthimlou and Vanessa Edmonds, chalred the trustees meetings throughout the year holding many subsidiary meetings to plan the new CIO which were reported to the July Trusteas meeting. The AGM for 2020 was also carried out In September. At the end of September a 2 day retreat was held at Swanwick Conference Centre when Trustees, Advisors and Team members met for fellowship, to confirm the directlon of ministry and to strategize for the future. At a specially convened December 2021 meeting Virginia handed over to Roy Smith to be the new chair. Vanessa and Spyrakis also resigned as Trustees and were replaced by Angela Isblster and Nell Harvey. It was affirmed that three Hitl family members would join them as Trustees at the official meeting in January 2022. Virginia Symonds continued to support Prophecy Today and Vanessa Edmionds and Spyrakls Efthitmlou concentrated on launching Issachar Ministries UK.

During the year, the Trustees and Principal Officers convened regularly on line to determine overall policy and overview the furtherance of the Charlty’s objects. The Advisors to the Minlstry covering specialist areas of the work continued to act as consultants to the Directors at intervals during the year.

Changes in GDPR regulations were carried out effectively on both our prayer partner database and our Prophecy Today readers’ e-mall listings during the year and, following legal! separation In the New Year, the Heritage will build up its own database.

Fram 1‘ January 2022, the staff were transferred to Issachar Ministries UK with one year’s funding costs from the legacy reserves, and Issachar Ministries UK committed to giving any time needed by the C+M Ministries as they settled into a different role using mainly volunteers.

Risk Management Statement

The Trustees review regularly the major risks to which the charity is exposed and, where appropriate, put in place systems and activity to mitigate those risks. Trustees are committed to ongoing risk assessment and quality monitoring processes. A Trustee Indemnity Pollcy is In operation as weil as other retevant Insurance policies.

Objectives and Activities

The Charity’s objects continue to be the promotion of the Christian faith, as set out in the governing document, and supporting the mintstry Initiated by Dr Clifford and Mrs Monica HIfl. Progress was made towards developing Issachar Ministries UK to embrace the ongolng work of the ministry and to ensure the future of Prophecy Today UK.

4

C+M MINISTRIES TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Charity No : 1029797

Achievements and Performance

Issachar Ministries UK took full responsibility for the Outside In and Prayer Ministry establishing many more on-line support groups to carry this forward. In the anticipation of a return to regular face to-face meetings a support network for ‘Community Clusters’ started ta be established.

The number of midweek teaching webinars online expanded and It was agreed would continue indefinitely Into the future. Various subjects were covered to equip the Body of Christ in relevant ways for the changing situation today.

The Sunday Gathering Fellowship, meeting on a Sunday afternoon so that it did not conflict with church services, flourlshed with around 200 plus attendees each week and became a main support network for many.

Plans are already in place for using the exlsting combined website purely for on-going ministry and steps are already being taken to launch during 2022 2 new more archival and comprehensive website for the existing C and M Ministries.

Subscription-based resources of CDs and serlalised hard copies continued and were expanded digitally with downloads. Substantial numbers of book were offered at reduced prices to prayer partners in thls country and made avallable overseas specially to third world countries at no cast

During the year a number of the hard copy resources of earller emphases were digitallsed, republished and brought Into use and two new books ‘The Post Pandemic Church’ and ‘The Social Structure of the New Testament Church’, written by Clifford HIll, one of the founders of the ministry, were published and made avallable to the general public.

Public Benefit

The Trustees have had due regard to the guidance published by the Charity Commission on Public Benefit and they see a fulfllment of their responsibilities in the following ways:

Interpreting current events In the Ilght of Christian values with monthly updates and bi-monthly recorded messages.

Financial Review

Donations to the ministry from supporters during the year enabled the ministry to continue on a stable faoting so that it could fulfil Its

changing purpose and possible separation of the angoing work from the historic archives.

The ministry recelved legacies during the year which were added to the reserves, to be used In funding future plans in 2022 and beyond. The Trustees are on constant watch to be good stewards of the resources received and using them In accordance with the donors’ expectations.

Income and Expenditure are reported and reviewed by the Officers on a quarterly basis, while bank balances are monitored on a monthly or more frequent basis.

Reserves Policy

Reserves are held by the Charity ta ensure:

« §©Core activity can continue If funding fs lost

® The organisation has sufficientfunds tomeet all its statutory obligations in the event ofclosure The organisation has sufficientfunds tomeet all its statutory obligations in the event ofclosure
At 31 December 2021, the level ofreserves after making allowance for restricted funds Is as follows:
Legacy Fund 105,828
Prophecy Today -5,351 ;
Ministry car replacement 724
tssachar Ministries UK 6,534
Movementfor Justice and Reconciliation 266
Other restricted funds 470
Restricted Funds £108,470
Unrestricted Funds -General Fund £71,326
TotalReserves £179,796

On 1st January 2022, atl employees of C+M Ministries were transferred to the employment of Issachar Ministries UK (IMUK} under arrangements in Sine with TUPE 2006 regulations. As at that date, the charlty pald to IMUK the sum of £65,000 as a start-up grant, a sum sufficient to support the transferred staff far a period of one year. This payment was made fram the charity's Legacy Fund. The charity disposed of Its offices in Sandy during 2021 and has transferred Its laptop computers to IMUK at net book value.

In these circumstances, the Trustees believe that there is no longer a need for a spectfic level of reserves in the General Fund to cover core expenditure after 31 December 2021.

5

C+ M MINISTRIES

Charity No : 1029797

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Trustees Statement

The Trustees have continually examined the structures and management of C+M Ministries and are satisfied that it is operating in the best way to fulfil the purposes for which it was established. In 2022, Issachar Ministries UK will operate Independently from C+M Ministries to carry out and develop the on-going ministry, Prophecy Today Limited (Reg. No. 09465144}, a company limited by guarantee, will continue and take operational responsibility for producing the on-line magazine "Prophecy Today”. The Company will continue to be informally connected to C+M Ministries.

Both the Trustees who served during 2021 and those newly appolnted for 2022 look forward with confidence to a creative year of service and expansion, with thanksgiving to Ged and to all the supporters of the Trust. The Trustees of both C+M Ministries and issachar Ministries UK remain committed to a united vision and they each take a personal Interest in the activities of both the Trust and the ClO.

Responsibilitiesof the Trustees

The financial statements have been prepared In accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities, preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.

The Trustees are responsible for keeping accourting records which disclose with reasonable accuracy at any tlme the financial position of the Charity, and which enable them to ensure that the financial staternents comply with applicable iaw and regulations. The Trustees are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

These statements have been reviewed and agreed bath by the Trustees In post for the majority of 2021 and by the Trustees newly appointed in December 2021

The Trustees confirm that they are In agreement with these responsibilities and that they keep up to date with Charity Law and are continuing to take the necessary action to ensure that their responsibilities are discharged with due diligence. The report has been prepared having taken advantage of the smal! companies exemption in the Companies Act 2006.

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f
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Jennifer Cooper Chair of Trustees

Neil Harvey Trustee and Treasurer

Approved on: 19th July 2022

6

C+M MINISTRIES TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2021

Charity No : 1029797

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF C & M MINISTRIES

| report on the Financial Statements of the Trust for the year ended 31st December 2021, which are set out on pages 8 to 18.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charlty’s trustees consider that an audit Is not required for this year under section 144{2) of the Charltles Act 2011 (the 2011 Act) and that an Independent examination is needed. : itis my responsibilty: 1. to examine the accounts under section 145 of the 2011 Act; ;

  1. to follow the procedures laid down In the General Directions given by the Charity Commission under $,145{5){b} of the 2011 Act; and

3, to state whether particular matters have come to my attention.

Basls of independent axaminer's statement

My examination was carried out in accordance with General Directions glven by the Charity Commission. 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

.

In the course of our examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that, in any material respect, the requirements:

‘ to keep accounting records in accordance with section 130 of the 2011 Act; and ‘ to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act

have not been met; or

  1. to which, In our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Payl Clark ACA 74 Palatine Avenue Scotforth Lancaster LA1 4HF

.

?

C + M MINISTRIES

Charity No : 1029797

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

STATEMENTOF FINANCIAL ACTIVINES

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|Total| |Note|Funds|Fumds|2021|2020| |£|£|£|£| |Voluntary|Income| |Donations,|legacles|and|simllar|resources|2|71,272|82,652|153,924|103,903| |Incoming|Resources|from|Charitable Activities| |Sales and|Conference income|3|22,429|1,077|23,506|28,609| |Investment|Income| |Bank|deposit|Interest|13|-|13|36| |Loan|interest|-|-|-|-| |Total|incoming|resources|93,714|83,729|177,443|132,548| |Sere| |Resources|Expended| |Charitable|expenditure|4|97,761|29,812|127,573|126,907| |Fundraising costs|5|1,448|-|1,A48|2,047| |Govemance|costs|6|2,869|-|2,869|4,183| |Total|Resources|Expended|102,078|29,812|131,890|133,137| |ee| |Net Incotriing/(Outgoing) Resources|-|8,364|53,917|45,553|-|589| |Transfers|between|funds|241|-|241|-|-| |Fund balances brought forward|79,449|54,794|134,243|134,832| |Fund balances|carried forward|71,326|108,470|179,796|134,243|:|

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There were no recognised gains or losses far the above two financial years, other than those shown in the statement of financlal activities.

The nates an pages 10 to 15 form part of these Accounts.

8

C+M MINISTRIES

Charity No : 1029797

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

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BALANCE SHEET
Notes 2921 2020
£ £ £ £
FIXED ASSETS
Tangible Fixed Assets 8 3,170 2,127
CURRENT ASSETS
Stock 9 3,089 2,115
Debtors 10 11,670 13,901
Cash at Bank and in hand 166,458 123,175
181,217 139,191
CURRENT LIABILITIES
Creditors
Amounts falling due within one year 11 4,592 7,075
NET CURRENT ASSETS 176,626 132,116
NET ASSETS 179,796 134,243
———E en e e me
RESERVES
Restricted funds 12 108,470 54,794
Unrestricted funds:
General 2 71,326 79,449
Designated 12 - -
179,796 134,243
eee eee
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We approve these Financial Statements and confirm that we have made available all relevant recards and information for thelr presentation.

Jennifer Cooper Chalr of Trustees

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Neil Harvey
Trustee and Treasurer
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Date: 19th July 2022

The notes on pages 10 to 15 form part of these Accounts.

9

C+M MINISTRIES TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Charity No : 1029797

NOTES TO THE FINANCIAL STATEMENTS

1 Principat Accounting Policies

1.1 Accounting Convention

The financial statements have been prepared In accordance with the accounting policles set out in notes to the accounts and camply with the charlty’s governing document, the Charitles Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014, The charity has taken advantage of the provisions in the SORP for charities applying FRS102 Update Bulletin 1 nat to prepare a Statement of Cash Flows The financial statements have been prepared in acoardance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financlal Reporting Standard applicable in the United Kingdom and Repubilc of treland (FRS 102) and the Charltles Act 2011 and UK Generally Accepted Practice as it applies frorn 1 January 2015. The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only ta the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charitles preparing their accounts in accordance with the Financlat Reporting Standard applicable In the UK and Republic of Iretand (FRS 102} Issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The accounts are prepared in sterling, which is the functionat currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical cost convention.

1.2 Going concern

At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue In operational existence for the foreseeable future. The trustees continue to adopt the going concern basis of accounting in preparing the accounts.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees In furtherance of their charitable objectives untess the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used, The purposes and uses of the restricted funds are set out In the notes to the accounts. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Incoming Resources

Income is recognised when the charity Is legally entitled to it after any performance conditions have been met, the amounts can be measured rellably and It s probable that Income will be received. Cash donations are recognised on recelpt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.

1.5 Resources Expended

Basic financial Ifabilitles, Including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of Interest. Financial lfabllities classtfied as payable within one year are not amortised. Debt Instruments are subsequently carried at amortised cost, using the effective Interest rate method,

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classifled as current llabilitles if payment is due within one year or less, If not, they are presented as non-current Hlabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cast using the effective Interest method.

10

C +M MINISTRIES

Charity No : 1029797

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS (continued

1.6 Tangible Fixed Assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation Is recognised so as ta write off the cost or valuation of assets less their residual vatues over thelr useful lives on the following bases:

Fumiture — 25% straight line

Computer equipment — 25% straight line

Motor vehicles — 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and Is recognised in net income/{expenditure} far the year.

1,7 Stocks

Stocks of books, tapes and discs are assets which are held for sale In the ordinary course of business, or in the process of production for sale or in the form of materials or supplies to be consumed in the production process aor in the rendering or providing of services. They are valued at the lower of cost and net realisable value.

1.8 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Sectlon 12 ‘Other Financial Instruments Issues’ of FRS 102 to ail of its flnancial Instruments.

Financlai assets and labllities are offset, with the net amounts presented In the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intentian to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initlally measured at transaction price Including transaction costs and are subsequently carried at amortised cost using the effective interest method uniess the arrangement constitutes a financing transaction, where the transaction Is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basicfinancial ficblilities

Basic financial liabilities, Including creditors and bank loans are initially recognised at transaction price uniess the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of Interest. Financlal Hab{lttes classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obilgatlons to pay for goods or services that have been acquired In the ordinary course of operations from suppliers. Amounts payable are classified as current liabitities if payment is due within one year or less. If not, they are presented as non-cusrent llabllities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition offinancial liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

1.9 Employee benefits

The cost of any unused holiday entitement is recognised in the period in which the employee’s services are received. Termination benefits are recognised Immediately as an expense when the charity Is demonstrably committed to terminate the employment of an employee or to pravide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

11

C +M MINISTRIES TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Charity No : 1029797

NOTES TO THE FINANCIAL STATEMENTS (continued)

1.11 Leases

Rentals payable under operating leases, including any lease incentives received, are charged to income ona straight line basis over the term of the relevant lease.

1.12 Basis of allocation of resources expended

Trustees view the charitable activities as a single enterprise attracting overhead and support costs with the exception of apportionments as follows:

apportionments as follows:
Fundralsing 5%
Governance 5%
2 Valuntary income :
Unrestricted
Funds
£		 Restricted
Funds
£		 +44312021
Total2020
ae
FS
E
Donations 62,357 82,652 145,009 96,073
GiftAld refunds 8,915 - 8,915 7,830
71,272 82,652 153,924 103,903
3 Incoming Resourcesfrom Charitable Activittes
Unrestricted
Funds		 Restricted
funds		 Total 2021
Total2020
Ore
£ £ £ £
‘State ofthe Nation Update message’ subscriptions 8,660 - 8,660 11,611
Sale ofbooks and tapes 11,319 - 11,319 9,364
Pardes events - - - -
ProphecyToday - 1,077 1,077 4,613
Movement forJustice and Reconciliation - - - -
Community ofPrayer and Study - - - 100
Webinars 2,450 - 2,450 2,921
Misceflaneous Income : - - -
22,429 L077 23,506 28,609
4 Charitable expenditure
Unrestricted
Funds		 Restricted
Funds		 Total 2021
Total 2020
OE
£ £ £ £
Salaries 42,741 22,310 65,051 54,251
Fees 9,951 9,951 20,236
‘State ofthe Nation Update message’ casts 3,238 3,238 2,998
Events andwebinars 2,192 2,192 ~
Pardes events - - -
Ministryexpenses 2,570 2,570 2,242
ProphecyToday costs ~ 4,915 4,915 7,325
CPS costs - - -
Cost ofresources 5,765 2,587 8,352 4,266
Office costs 14,841 14,841 15,294
Office service charges 13,569 13,569 17,840
Motor and travel - - -
Depreciation&losson disposal offixed assets 1,853 1,853 1,705
96,720 29,812 126,532 126,157
Donationsand support 1,041
97,761		 23,812 1,041
127,573		 750
126,907

3 Incoming Resources from Charitable Activittes

4 Charitable expenditure

,

12

Charity No: 1029797

C +M MINISTRIES

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS (continued)

5 Fundraising costs

5 Fundraising costs
Unrestricted
Funds		 Restricted
Funds		 +41 2021
Total 2020
ee
£ £ £ £
Salaries > - - 277
Fees - - - -
Ministry expenses - - - -
Office service charges S50 - 550 817
Office costs 735 - 795 858
Depreciation & Joss on disposal offixed fixed assets 103 - 103 95
1,448 ~ 1,448 2,047
6 Governance costs Sane aaa Total2021 Total2020
£ £ £ £
Salarles - - - 554
Fees 297 - 297 702
Ministry expenses - - - -
Officeservice charges 1,024 - 1,024 1,324
Officecosts 945 - 945 1,008
Trustees’ Meetings expenses - - - -
Depreciation & losson disposal of fled assets 103 - 103 ble)
Examiner's fees 500 - 500 500
2,869 - 2,869 4.183
7 Employee Information .
The averagenumberofpersons employed during the year Is as follows: 2021 2020
Full-time - -
Part-tlme 5 4
Employmentcostsofallemployees includedabove
comprised:		 e ¢
Gross Salaries &wages 63,667 53,656
Employer's National Insurance - 129
Employer's Pension contributions 1,384 1298
Total Salaries&wages costs 65,051 55,083
No employee earned emoluments In excess of£60,000.
NoTrustee received remuneration nor relmbursed expenses duringthe year (2020 - ENIl).
8Tangible Tangible
Fixed Assets		 Furniture &
oo
Computer
Equipment		 Motor
Vehicles
—		 Fixed
AssetsTotal
£ £ £
Cost
At 1January2021 19,407 13,199 32,606
Additions 3,102 . 3,102
Disposals - 15,807 - - 15,807
At 31 December2021 6,702 13,139 19,901
Depreciation
At 1January2021 18,244 12,235 30,479
Charge forthe Year 1,818 241 2,059
Disposals - 15,807 - - 15,807
At31 December2021 4,255. 12,476 16,731
Net Book Value
At 31 December2021 2,447 723 3,170
At31December2020 1,163 964 2.127

13

C+ MINISTRIES TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Charity No: 1029797

NOTES TO THE FINANCIAL STATEMENTS (continued)

9 Stock 2021 2020
£ £
Literature—Books 3,089 2,115
10 Debtors 2021 2020
£ £
GiftAld tax recoverable 8,914 7,830
Prepayments 2,756 6,071
11,670 13,901
11 Current Liabilities 2024
£		 2020
£
Trade creditors 2,318 3,348
Taxation and soclal security 423 622
Accruals 1,850 3,105
4591 7,075
12 Funds
.
Restricted:		 Balanceat
1.1.24		 incoming
Resources		 Outgoing
Resources		 Transfers Balanceat
31.12.24
£ £ £ £ £
MinistryCarreplacement 964 - -- 241 723
Prophecy Today 9,766 14,695 - 29,812 - 5,351
Legacy Fund 43,328 62,500 - 105,828
issachar MinistriesUK 6,534 6,534
Movement forlustice and Reconciliation 266 - 266
CPS 100 100
OtherRestricted Funds 370 - 370
54,794 83,729 - 29,812 - 241 108,470
a
ad

Prophecy Today Limited was connected to the Charity through related parties - see Note 16. The Company was dormant at 31 December 2020 and its operations were conducted within the Charity through a single Restricted Fund.

Unrestricted:
eT		 Balanceat
1.1.21		 Incoming
Resources		 Outgoing
fAesources		 Transfers
~—		 Balanceat
31.12.21
£ £ £ £ £
General Fund 79,449 93,714 - 102,078 241 71,326
Analysis ofFunds
Unrestricted
Funds		 Restricted
Funds		 Total
—
£ £ £
Tangibleflxed assets 2,447 723 3,170
Current assets 73,470 107,747 181,217
Current liabilities - 4,591 -- 4,591
Se
71,326 108,470 179,796
8
eeod

14

C+M MINISTRIES TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Charity No : 1029797

NOTES TG THE FINANCIAL STATEMENTS

The Charity was not committed to any capital expenditure as at 31 December 2021 (2020 —- ENIl).

14 Non Cash Gifts

There were .no non-cash gifts donated to the Charlty durlng the year

15 Controlling Pa

The Charity is under the contra! of its Trustees. There is no overall controlling party.

16 Related Parties

At tst January 2019, Prophecy Today Limited (PTL) was connected to the Charity through related parties. PTL is a company limited by guarantee and had produced the online magazine Prophecy Today. During 2019 the operations of PTL were returned to the Charity. From 1st January 2022, the Company has been reactivated as an independent company with [ts own Editorial Board.

Virginia Symonds was a Trustee of the Charity until 7th December 2021 and also chaired the Editorial Board of Prophecy Today. Clifford Hil and Monica Hill are Directors of the Charity and members of the Editorial Board of the Company.

During the year, the Charity recetved Income totalling £14,695 (2020 - £22,167} for the work of PT and its resources. The Charity incurred expenses on behalfof PT totalling £29,812 (2020 - £26,402). These funds are treated as Restricted Funds by the Charlty, to be transferred back to PTL and used for the work and development of the PT website and its resources. However, the balance In this fund at 3ist December 2021 was overdrawn by £5,351 (2020 - £9,766 positive), and this amount was repaid to the Charity in 2022,

Vanessa Edmonds and Spyrakis Efthimiou were Trustees of both C+M Ministries and Issachar Ministries UK (IMUK)} from the foundation of IMUK on 30th November 2020 yntil 7th Decamber 2021, although IMUK was not an active organisation until ist January 2022,

17 Post Balance Sheet Events

On 1 January 2022 all employees of C+M Mintstries were transferred to issachar Ministries UK (IMUK) under arrangements In lIne with TUPE 2006 regulations. Fixed assets, comprising laptop computers were also transferred to IMUK on that date. Responsibility for the ongoing ministry work passed to IMUK at 1* January 2022 and this will be funded from donations and grants recelved. During 2021, the Charity received income totalling £6,534 (2020 - £nil} for the work of IMUK. These funds were treated as Restricted Funds by the Charity and the outstanding balance has been transferred to [MUK during 2022.

C+M Ministries continues to operate for the maintenance and development ofthe heritage work of Or Clifford and Monica Hitl and their ministry, through the production and publication of further books. The Charfty will also continue its role as a grant-making body to other charitable organisations In line with its objectives. At 1" January 2022, C+M Ministries paid to IMUK the sum of £65,000 as a start-up grant, a sum sufficlent to support the transferred staff for a period of one year.

Prophecy Today Limited (PTL), a company limited by guarantee, was previously connected to C+M Ministries through related parties. From 1** January 2022, PTL continues to produce the online magazine “Prophecy Today”, as an independent company with its own Editorial Board. During 2021, the Charity received Income totalling £14,695 (2020 - £22,167) for the work of PT and its resources. The Charity incurred expenses on behalf of PT totalling £29,812 (2020 - £26,402). These funds were treated as Restricted Funds by the Charity and the outstanding balance owed by PTL of £5,351 was settled during 2022.

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