C +M MINISTRIES TRUSTEES' REPORT AND FINANCIAL STATEMIENTS FOR THE YEAR ENDED 31 DECEMBER 2022
Charity No : 1029797
C +MMINISTRIES FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 DECEMBER 2022
1
C+M MINISTRIES TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
Charity No : 1029797
INDEX
| Pages | |
|---|---|
| Charity Information | 3 |
| Trustees’ Report | 4-6 |
| Independent Examiner's Report | 7 |
| Statement of Financia! Activities | 8 |
| Balance Sheet | 9 |
| NotestotheFinancialStatements | 10-15 |
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C+M MINISTRIES TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
Charity No : 1029797
CHARITY INFORMATION
Trustees
The Trustees during the year ended 31* December 2022, and the perlod in 2023 prior to slgning the 2022 Accounts, were as follows:
Mrs Jennifer Cooper - Chair appointed 7 February 2022 Mr Nell Harvey - Treasurer appointed 7 December 2021 Mr Stephen Hill appointed 7 February 2022 Mrs Angela Isbister appointed 7 December 2021 Mrs Allson Neurauter appointed 7 February 2022 Mr Roy Smith appointed 7 December 2021, resigned 25 April 2023
Heritage Directors Dr Clifford Hill Mrs Monica Hill
Principal Office Address Bellingham House 2 Huntingdon Street St Neots Cambridgeshire PE19 1BG
Indepandent Examiner
Mr Paul Clark ACA 74 Palatine Avenue . Scotforth Lancaster LA1 4KF
Bankers CAF Bank Ltd 25 Kings Hill Avenue West Mailing Kent ME19 430,
Lloyds TSB Pic High Street Ashford Kent TN24 SS
Advisors Michael Fenton Jones FRICS David Lindsay David Noakes MA
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C+ tiMminisimies TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
Charity No : 1029737
TRUSTEES’ REPORT
CHART WrOonMaATTON ‘Sauctcre,Governancesite Meuagoncem
Registered Charity 1029797 — registered on 7” December 1993. The Charity’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 [ssachar Ministries UK {Registered Charity 1192583) has been created to develop the ongoing work of C+M Ministries and has become operative in 2022. C&M Ministries Is continuing to Support and gevelop the nentage work of Cliftord and Manica Hill,.
Organisation
in December 2021 Nick Szkiler, Vanessa Edmonds and Aggy EfthImiou resigned from C&M Ministries (C&MM) to formally launch their new Independent charity, issachar Minlstries UK (IMUK). At this point, Ray Smith was appointed the new chairman of C&MM and, together with Angeta isbister and Neri Harvey, they took Tuli responsibiltyTor the charity. tt was agreed that ink would waxe respurisibiiity Tor aii ongaing projects and staff, allowing C&MMto regain Its original objectives and develop an archival heritage ministry of the various charitable acthticswm which Clarcrd and Whore Hl nea bean inwoweuli February, 2022, C&A was farther strengthened with the appointment of three riew trustees, Jeriny Cooper, Allson Néurduter arid Stephen Hill; with Jenriy Cooper taking over as Chairof tte charity fron July 2022.
During 2022 the C&MM trustees-have worked with IMUK to ensure a smooth split of resources and handover of responsibilities and have set up a new contact list for data protection. A working relationship was established for continuing input through the State of the Nation Update recordings and cantributlans to Prophecy Today, and for alt intellectual tangible resources to remain the property of CRMM with IMUK as distributor benefiting from sales. To support IMUK In this transition perlod C&MM provided a grant to support all the existing staff for IMUK’s first year of operation. C&MM also worked with IMUK to ensure a smooth handover of existing services and contracts, and to inform supporters of the changes and the ongoing plans of both charities. All handover arrangements were completed by 31st December 2022.
The Trustees have met on Zoom officially 3 times In 2022, with a Jaint Zoom meeting with IMUK Trustees In June and a second joint meeting in July when the Jast AGM for the combined ministries was held to approve the 2021 accounts. There have also been several smaller meetings to take forward different aspects of the on-going work. At the November meeting the Trustees resolved to meet twice a year in future, and at otier tes as needed. Throughout tre year, Tre Trustees rave worked witn Uittord and Monica Hifi to develop tire new herltage part of the ministry. A new website has been established, and this is gradually being populated with archival material relating to Varnus SrameS GF CatGrd Gidl Mon ma‘s past mirage}.
Tisk Management Statentent
The Trustees review regularly the major risks to which the charity Is exposed and, where appropriate, put in place systems and activity to THitigate tihuse tisns. Trusiees are vosmnitied io onguy 1k assesoniend ord quality munitering pivceases. A Trustee indenmity Fuiny isin operation as well as other relevant insurance policies.
Objectives and Activities
“The Charity’s Goyects cenitinueto be the promution of the Ciristian Taith, as Set DUT in The governing Gocument, and supporting the Heritage work of the ministry initiated by Dr Clifford and Mrs Monica Hill. The tasks of developing the ongoing ministry and the future of Prophecy Totiey UK have Sten entiisted te Issacnar Ministries UK with etect tram Lat January 2022,
Achuevements and Performance
Two new books have been published during the year, with a third ‘Becoming an Issachar People’ being published early in 2023, In cooperation with Wik. Reacting Gui’ was published tn January Z02Z for 4 inajod naiiond Gunference and C&M woi kod ai Conabuieiion with the Movement for Justice and Reconciliation to produce the relevant and topical ‘Shades of Black’ book, culminating with a book 'sunch inParigmentin Movember 2022.
The ministry has also developed links with other organisations who might be interested in receiving some of C&MM'’s archival material In the future.
A regular bi-monthly newsletter ts now being emalled to our new and ever-expanding supporters' mailing list; with alternate bl-monthty supporter Zoom meetings. These Zoom meeting are generating interesting discussions and contacts with past supporters, with many sending memories which are gradually being collated and added to our collection of archival resources.
4
c+ NHN Tics TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
Charity Wo | ivZ5737
As tire work of C&M tas developed throughout 2022, tne Trustees rave been greatly encouraged With tie ammount of Ongoing support and regular donations continuing to be received. They have also been very grateful to the regular volunteers who have offered to help the chatty ia various Ways. TiS Tas THOWES ThE TURRETSto pron dive buageTor the Ggoirg neimape work ot the Chatty with cowadence.
Public Benefit
The Trustees have had due regard to the guidance published by the Charity Commission on Pubiic Benefit and they see a fulfilment of their responsibilities in the following ways: « = Advancing the Christian falth through writing, teaching and reminding people of this nation’s Christian heritage and culture Induding an understanding of our Christian history and iegacy and especiaify what that means today. * = Providing networking opportunitles Including news of Parliamentary activites, using our groups and our Internet links. S -Bcouragng sot teaching through Socks ae Dewseteers. « {nterpreting current events in the light of Christian values with monthly updates and bi-monthly recorded messages.
Firtartctat Revtew Qanatlons ta the ministry fram sunnorters. during the vear.enabledthe minictny.ta.continue an.a stable fonting so that.it.could fulfil. its
changing purpose and separation of the ongoing work from the historic archives.
‘The ministry received iegacies during the year which were added to the reserves, 10 be used in funding juture piars mm Z0zZ3 and Deyond. The Trustees are on constant watch to be good stewards of the resources received and using them tn accordance with the donors’ “oxpomotions.
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 Riese veo are Hetyby tie ChrartiyWo croure. e = Core activity can continue if funding Is lost * Fheshertterm contineztionofprotect: which the erannlention helteues ase valorble 4 finding cages:2 ond te olin time for other funding options to be exptored a The.organisating bas sufficlent.funds to.maet.all. itsstatutory .obligations.in the.evant of clasire
At thelr meeting.an Sth November 207.2 Trictees raviqured the sacioig Dactrictad Funds.and agreed the falling artians: 1, The Legacy Fund had been utilised to make a start-up grant to Issachar Ministries UK. The balance of the Fund was made up to £50,000 ond den esu ted frei Sist Devens 2022 as a Gesigndied Fund, accepting atp fia e tears.
-
Funds representing balances with Issachar Ministries UK and Prophecy Today Limited were cleared and settled with those organisations.
-
The Fund set aside for the replacement of the charity vehicle was reduced to zero with a single depreciation charge in the year.
4, The small and histeric balances on remaining Restricted Funds were de-restricted and transferradto Unrasticted Funds The effect of these changes can he seen at Note 12 to the attached Financlal Stateamants.. with the balancesat 2151 Necember.202? as follows: Unrestricted Funds -Designated Fund £50,000 Unrestricted Funds - General Fund £82,926 Total Reserves £132,526
dn there.ciccumetances, the Trataes halle that there le ne longer.a.nead fora snacifir faval nf reserves inthe Ganeral Fund to.caver.care expenditure after 3ist December 2021.
Trustees Stutement
:
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 has operated independently from C+M Ministries to Carry Out and develop the on-going mintstry. Propnecy Today United (Reg. No. 19405144), a company iimited by guarantee, nas continued with operational responsibility for producing the on-line magazine “Prophecy Today”. The Company will continue to be informally Coneste CH ee.
5
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ES
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Charity No : 1029797
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C+M MINISTRIES Charity No TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees look forward with confidence to a creative year of service and expansion, with thanksgiving to God 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 frust and the CiO.
Responsibilities of the Trustees
The financial statements have been préparéd 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 accounting records which disclose with reasonable accuracy at any time the financial position of the Charity, and which enable them to ensure that the financial statements comply with applicable law and regulations. The Trustees are also responsible for safeguarding the assets of the Charity and hence for taking reasonable stens for the prevention and detection of fraud and other irregularities.
These statements have been reviewed and agreed by the Trustees.
The Trustees confirm that they are in agreement with these responsibilities and that they keep up to date with Charity Law and are continuing tn take the necessary action to ensure that their responsibilities are discharged with due diligence. The report has been prepared having taken advantage of the small companies exemption in the Companies Act 2006.
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Jennifer Coopei Chair of Trustees
Neil Harvey Trustee and Treasurer
Approved on: 23" May 2023
TTEE
6
C+M MINISTRIES TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
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 3ist December 2022, which are set aut on pages 2 to 15.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an Independent examination is needed.
It Is my responsiblllty:
1, to examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the General Directions given by the Charity Commission under $.145(5}(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
Basis of Independent examiner's statement
My examination was carried out In accordance with General Directions given by the Charlty Commission. An examination indudes a review cf the accounting recerds kept by the charity and a comparison of the accounts presented with thase 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 givan as toe whether the accounts present a “true and fair view” and thnBEES rcsorCPOE laFo CHTHesitead CoieBe Istettel mattPr e rse natSU Am beSRthn Iebb ae be!lsvyeEL
independent examiner's statement ‘
in the course of our examination, no matter has come to my attention:
- which gives me reasonable cause to belleve that, In any materlal respect, the requirements:
: to keep accounting records In accordance with sectlon 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
- to which, In our opinion, attentlan should be drawn In order to enable a proper understanding of the accounts to be reached.
74 Palatine Avenue Scotforth Lancaster LA1 4HF
7
Charity No: 1029797
C+M MINISTRIES
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | Unrestricted | Restricted | Totai | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Note | Funds | Funds | 2022 | 2021 | ||||
| £ | £ | £ | £ | |||||
| Voluntary Income | ||||||||
| Donatlons, legacies andsimilarresources | 2 | 36,441 | - | 36,441 | 153,924 | |||
| incoming Resources from CharitableActivities | ||||||||
| Sales and Conference income | 3 | 3,701 | 5,351 | 9,052 | 23,506 | |||
| Investment Income | ||||||||
| Bank deposit interest | 155 | - | 155 | 13 | ||||
| Loan interest | : | - | - | - | ||||
| Total incomingresources | 40,297 | 5,351 | 45,648 | 177,443 | ||||
| LL | ||||||||
| Resources Expended | ||||||||
| Charitable expenditure | 4 | 19,063 | 71,534 | 90,597 | 127,573 | |||
| Fundraising cocte | 5 | age | - | aea | 1,442 | |||
| Governance costs | 6 | 1,533 | - | 1,533 | 2,869 | |||
| Total Resources Expanded | 20,984 | 71,534 | 92,518 | 131,890 | ||||
| feet incoming/{Cungoling) Resources ; |
415,313 | - | 66,183 | - | 46,876 | 45,553 | ||
| Transfers betweenfunds | . | 7,713 | 7,713 | - | ” | |||
| Creation of theReserve Fundas8Gesignated rund | 50,000 | - | 50,000 | - | - | |||
| Fund balances broughtforward | 71,326 | 108,470 | 179,796 | 134,243 | ||||
| Fundbalancescarriedforward | 132,926 | - | 132,926 | 179,796 | ||||
| Therewere no recognised gains or !osses fortheabovetwo | two financial | years, otherthan thoseshown | in the statement of | |||||
| financialactivitles. |
The notes on pages £0 to 15 form part of these Accounts.
&
ea
C+M MINISTRIES TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
Charity No : 1029797
<
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BALANCE SHEET
Notes 2022 2021
£ £ £ £
FIXED ASSETS
Tangible Fixed Assets 8 - 3,170
CURRENT ASSETS
Stock 9 1,655 3,089
Debtors io 12,714 11,670
Cash at Bank and in hand 120,157 166,458
134,526 181,217
CURRENT LIABILITIES
Creditors
Amounts falling due within one year 11 1,600 4,591
NET CURRENT ASSETS 132,926 176,626
NET ASSETS 132,926 179,796
————_—__— 7 SS
RESERVES
Restricted funds 12 - 108,470
Unrestricted funds:
General 12 82,926 71,326
Designated 12 50,060 -
132,926 179,796
as ——————————
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;
We approve these Financial Statements and confirm that we have made available all relevant records and information for their presentation.
Jennifer Cooper Cooper
Jennifer Cooper Cooper Neil Harvey Chair of Trustees Trustee and Treasurer
Date: 23rd May 2023
The notes on pages 10 to 15 form part of these Accounts.
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nnnnel
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C + M MINISTRIES TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
Charity Na ; 1029797
NOTES TO THE FINANCIAL STATEMENTS
1 Principal Accounting Policies
1.1 Accounting Convention
The financial statements have been prepared in accordance with the accounting policies set out In notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to chartties preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of treland published on 16th July 2014.
The charity has taken advantage of the provisions in the SORP for charitles applying FRS102 Update Bulletin 1 not to prepare a Statement of Cash Flows ’ The financial statements have been prepared Jn accordance with the Statement of Recommended Practice: Accounting and DannrtingReporting huby CharitlacCharitles nranactnapreparing thalethelr a reniinteccounts ImIn zeac cordance wlthwith thethe ClnanclalFinancia! DannrtneReporting CtaSta nd ea rd applicableannlineble inin thathe LIVUK and Republic of treland (FRS 102) issued on 16th July 2014 and the Financial Reporting Standard applicable In the United Kingdom and Repubilc of ireland (FRS 102} and the Charities Act 2011 and UX Generally Accepted Practice as it applles fram Ast 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 Charities preparing their accounts In accordance with the Financial Reporting Standard applicable In the UK and Republic of[treland][{FRS][102)][issued][ on][16th][ July][ 2014][rather][ than][the] Accounting anid Reporting by Charities: Statement of Recommended Practice effective from ist April 2605 witch tas since been withdrawn.
The accounts are prepared In sterling, which Is the functional 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 Golng 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 unless 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 legalty entitled to it after any performance conditions have been met, the amaunts can he measured reilably and It fs nrahahle that Income uilll he racehvad Cach danatians are recagniced on reraint 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 Nabilitles, 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 liabilities classified az payable within one year are not amortiseu, Debt iistrusiens are subsequently Carried at atu Used Lost, 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 classified as current flabllities if payment ts due within one year or less. If not, they are presented as non-current llabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective Interest method.
10
C + MINISTRIES
Charity No : 1029797
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
NOTES TO THE FINANCIAL STATEMENTS (conunued)
1.6 Tangible Fixed Assets
Tangible flxed assets are Initlalty measured at cost and subsequently measured at cost or valuation, net of depreciation and any Impalrment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Furniture — 25% stralght line
Computer equipment — 25% straight line
Motor vehicle — 25% reducing balance.
The gain or loss arising on the disposal ofan asset is determined as the difference between the sale proceeds and the carrying value of the asset, and Is recognised in net iIncome/({expenditure) for the year.
Notwithstanding this policy, Trustees agreed to transfer al! Fumiture and Computer Equipment to Issachar Ministries UK at Net Book Value at tet tanuary 2029, Furthermore, Trusteae agreed to raduce the hook value of the motor yvahicla to zero at 31st December 2022.
- 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 ta be consumed in the production process or in the rendering or providing of services. They are valued at the jower of cost and net realisable value.
1.8 Financtat instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial tnstruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of Its financial Instruments.
Financial Instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and lasiities 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 intention to settle on a net basis or to realise the asset and settle the llability simuttaneously.
Basic financial assets
Basic financial assets, which Include debtors and cash and bank balances, are Initially measured at transaction price Including transactlon costs and are subsequently carrled at amortised cost using the effective Interest method unless the arrangement constitutes a financing transaction, where the transaction [s measured at the present value of the future receipts discounted at a market rate of Interest, Financial assets classified as recelvable within one year are not amortised.
Basic finoncdl liabilities
Baslc filnanclal llabititles, including creditors and bank loans are initlally recognised at transactian 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 lfabllitfes 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 obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current Hlabilities If payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective Interest method.
Derecognition offinancial liabilities
Financial Nabilfties are derecognised when the charity's contractual obligations expire or are discharged or cancelled.
1.9 Employee benefits
The charity transferred Its employees to Issachar Ministries UK at ist January 2022 under the TUPE 2006 regulations.
1.10 Retirement benefits
The charity transferred its employees to Issachar Ministries UK at ist January 2022 under the TUPE 2006 regulations.
i1
C+M MINISTRIES TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
Charity No : 1029797
NOTES TO THE FINANCIAL STATEMENTS (continued)
1.11 Leases
Rentals payable under operating leases, Including any lease Incentives recelved, are charged to income ana straight line basis over the term of the relevant jease.
1.12 Basis of allocation of resaurces expended
| 1.12 | Basis of allocation of resaurcesresaurces expended | Basis of allocation of resaurcesresaurces expended | |||
|---|---|---|---|---|---|
| Trusteesview the charitable activities as a singleenterprise attracting | overhead andsupport | support costswith | with theexception of | ||
| apportanments as follows: | |||||
| Fundraising | 5% | ||||
| Governance | 5% | ||||
| 2 | Voluntary income | ||||
| Unrestricted Funds |
Restricted Funds |
Tote!2022 Total2622 TO |
|||
| £ | £ | £ | £ | ||
| Donations | 32,641 | - | 32,641 | 145,009 | |
| GiftAid refunds | 3,800 | - | 3,800 | 8,915 | |
| 36,441 | - | 36,441 | 153,924 | ||
| 3 | Incoming Resources from Charitable Activities | ||||
| Unrestricted Funds |
Restricted Funds |
54012022 | Total 2021 EE |
||
| £ | £ | £ | £ | ||
| ‘Stateofthe Nation Updatemessage’ subscriptions | 100 | - | 100 | 8,660 | |
| Sale ofbooks andtapes | 1,460 | - | 1,466 | 11,319 | |
| Issachar MinIstries UK | 2,141 | - | 2,141 | ~ | |
| ProphecyToday | - | 9,351 | 5,351 | 1,077 | |
| Movement for Justiceand Reconcillation | - | - | - | - | |
| Community ofPrayer and Study | - | - | - | - | |
| Webinars | - | - | . | 2,450 | |
| Miscellaneous Income | - | - | - | - | |
| 3,701 | 5,351 | 9,052 | 23,506 | ||
| 4 | Charitable expenditure | ||||
| Unrestricted Funds |
Restricted Funds |
5443/2022 | Total 2021 —— |
||
| £ | £ | £ | £ | ||
| Salaries | - | - | - | 65,051 | |
| Fees | 2,030 | - | 2,030 | 9,951 | |
| ‘State ofthe Nation Update message’ costs | - | - | - | 3,238 | |
| Events and weblnars | ” | - | - | 2,192 | |
| Ministryexpenses | 988 | - | 588 | 2,570 | |
| ProphecyToday costs | - | - | - | 4,915 | |
| Issachar Ministries UK | - | 6,534 | 6,534 | - | |
| Cost ofresources | 7,629 | - | 7,629 | 8,352 | |
| Officecosts | 2,909 | - | 2,909 | 14,841 | |
| Officeservice charges | 3,423 | - | 3,423 | 13,569 | |
| Depreciation & lasson disposal of fixed assets | 759 | - | 759 | 1,853 | |
| 17,738 | 6,534 | 24,272 | 126,532 | ||
| Donations andsupport | 1,325 | 65,000 | 66,325 | 1,041 | |
| 19,063 | 71,534 | 90,597 | 127,573 |
12
CharityNo > 1029797
C +M MINISTRIES TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
:
NOTES TO THE FINANCIAL STATEMENTS {continued}
5 Fundraising costs
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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|144512022SEESTotal2021|
|Funds|Funds|9|>|
|£|£|£|£|
|Ministry|expenses|-|-|-|-|
|Office|service|charges|175|-|175|550|
|Office|costs|171|-|171|795|
|Depreciation|&|loss|on|disposal|of fixed|assets|42|-|42|103.|
|388|-|388|1,448|
|6|Governance|costs|
|Unrestricted|Restricted|+ 44412022|Total 2021|
|Funds|Funds|eT|
|£|£|£|£|
|Fees|270|-|270|297|
|Ministry|expenses|.|.|-|-|
|Office|service|charges|400|-|400|1,024|
|Office|costs|321|-|321|945|
|Trustees'|Meetings expenses|>|-|-|-|
|Deprecation &|loss|on|disposal|of fixed|assets|42|-|42|103|
|Examiner's fees|500|-|500|500|
|1,533|:|1533|2,869|
|7|Empioyee|information|
|The|average|number|of persons|employed|during the|year|Is|as|follows:|2022|2021|
|FulHtime|-|-|
|Part-time|-|5|
|Employment costs of all employees|Included above|£|£|
|comprised:|
|Gross|Salarles|& wages|-|63,667|
|Employer's|National|Insurance|-|1°)|
|Employer's|Pension|contributions|-|1384|
|Total|Salaries & wages|costs|Q|65,051|
|All|employees|transferred|to|Issachar Ministries UK on Ministries UK on UK on on|1st|January 2022 2022|under the provisions the provisions provisions|of the TUPE the TUPE TUPE|
|No employee employee|earned|emoluments|in|excess|of £60,000. £60,000.|
|No Trustee|received|remuneration|nor|reimbursed|expenses|during the|year|(2021|-|ENil).|
|Furniture|&|
|8|Tanglble|Fixed|Assets|Computer|Sst|kee|
|TO|
|Equipment|Vehicles|Assets Total|
|£|£|£|
|Cost|
|At|1st January 2022|6,702|13,199|19,901|
|Additions|-|*|-|
|Transfers|to|issachar|Ministries UK|-|3,600|--|3,600|
|Disposals|:|3,102|--|3,102|
|At|315t|December|2022|:|13,199|13,199|
|Depreciation|
|At|1st|January|2022|4,255|12,476|16,731|
|Charge|for the Year|120|723|B43|
|Transfers|to|Issachar|Ministries|UK|-|3,600|“>|3,600|
|Disposals|-|775|--|7758|
|At|31st|December|2022|-|13,199|13,199|
|Net|Book|Value|
|At|31st|December|2022|+|-|-|
|At 31st December 2021|2,447|723|3,170|
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All employees transferred to Issachar Ministries UK on Ministries UK on UK on on 1st January 2022 2022 under the provisions the provisions provisions of the TUPE the TUPE TUPE Regulations 2006. No employee employee earned emoluments in excess of £60,000. £60,000.
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8 Tanglble Fixed Assets
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All Furniture and Computer Equipment was transferred to Issachar Ministries UK at Net Book Value at 1st January 2022. Trustees agreed to a full write-down of the book value of the Motor Vehicle at 31st December 2022
13
C +M MINISTRIES TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
Charity No : 1029797
NOTES TO THE FINANCIAL STATEMENTS {continuea
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||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|9|Stock|2022|2021|
|£|£|
|Literature — Books|1,655|3,089|
|10|Debtors|2022|2021|
|£|£|
|Gift Ald|tax|recoverable|12,714|8,914|
|Prepayments|:|2.756|
|12,714|11,670|
|11|Current|Liabilities|2022|2021|
|£|£|
|Trade|creditors|-|2,318|
|Taxation|and|social|security|-|423|
|Accruals|1,600|1,850|
|3,600|4,591|
|12|Funds|
|A|Estrivted:|Balanceat.|Ingoming|Qutgoing,|te|Balanceat_|
|°|4.1.22|Resources|Resources|Tae|31,412.22|
|£|£|£|£|£|
|Ministry|Car|replacement|723|-|"-|723|-|
|Prophecy Today|Limited|-|5,351|5,351|-|-|-|
|Legacy Fund|105,828|-|-|65,000|-|40,828|-|
|tssachar Ministries UK|6,534|--|6,534|-|-|
|Movement|for|Justice and|Reconciliation|(MJR}|266|-|“|266|-|
|CPS|100|-|--|100|-|
|Other|Restricted|Funds|370|-|“-|370|-|
|108,470|5,351|-|71,534|-|42,287|-|
|tt|a|
|Following the|senaration|of activities|and|the|independent|development|of|Issachar|Ministries|UK|and|Prophecy|Today|
|Limited,|the|movementsagainst|these|funds raprasantthe|settlementof|balances,|The|CPS|balance|of £100 was|similarly|
|paid|over during|the year. Trustees|agreed with MUR|to de-restrict|the balance|of|£266|and set|it against a joint book|
|publication|in|progress|at the year-end. They|also|agreed|that|several|small|amounts,|held|in|“Other|Restricted|Funds” and|
|relating|to|activities|no fonger|in|place,|should|be transferred|back to|General|Fund. Trustees|agreed to|a|full write-down|of|
|the|book|value|of the|Ministry|Car|{see|Note|8).|
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At 1st January 2022, C+M Ministries paid to IMUK the surn of £65,000 as a start-up grant, 8 sum sufficlent to support the transferred staff for a perioa of one year. This grant came fom the Legacy Fuind. Tite Lalanve of the Legacy Fund was topped up fri Geriéral Furid, dé-réstricted drid renamed as a Designated Fund (the Reserve Furid} of £50,000;
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Unrestricted:|Balance at|Incoming|Outgoing|Traiisters|Balance at|
|To|1.1.22|Resources|Resources|~~7|31,12.22|
|£|£|£|£|£|
|Reserve|Fund|{Designated}|50,000|50,000|
|General|Fund|71,326|40,297|-|20,984|-|7,713|82,926|
|71,326|40,257|-|20,984|42,287|132,926|
||aa|
|Analysis|of Funds|
|Unrestricted|Restricted|
|TT|Tatal|
|Funds|Eunds|—|
|£|£|£|
|Tangible|fixed|assets|~|-|-|
|Current|assets|134,526|-|134,526|
|Current|liabilities|-|1,500|--|1,600|
|ee|
|132,926|“|132,926|
|a|
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14
C+M MINISTRIES
Charity No : 1029797
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
NOTES TO THE FINANCIAL STATEMENTS (continued)
13 Capital Commitments
The Charity was not committed te any capita! expenditure as at 21 December 2022 (2004 — EMI,
14 Non Cash Gifts
There were no non-cash gifts donated to the Charity during the year
15 Controlling Party
The Charity is under the control of its Trustees. There fs no overall controliing party.
16 Related Parties
Prophecy Today Limited (PTL} was connected to the Charity through related parties. PTL is a company limited by guarantee and produces the online magazine Prophecy Today. From 1st January 2022, the Company has operated as an Independent company with [ts own Editorial Board.
Clifford Hill is a Director of the Charity and was a member of the Editorial Board of the Company during the year. At 31st December 2022, there are no related parties with either PTL or Issachar Ministries UK. However, going forward, both organisations will continue to be informally connected to CHM Ministries.
17 Post Balance Sheet Events
C+M Ministries continues to operate for the maintenance and development of the heritage work of Dr Clifford and Mrs Monica HIll and their ministry, through the production and publication of further books. The Charity will also continue its role as a grant-making body to other charftable organisations in tine with its objectives.
15