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2023-12-31-accounts

Charity No: 1029797

C+M MINISTRIES TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

MINISTRIES C+ M FINANCIAL STATEMENTS FOR THE YEAR ENDED 31*DECEMBER2023

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C+M MINISTRIES TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Charity No : 1029797

INDEX

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|||||| |---|---|---|---|---| |Pages| |Charity|Information|3| |Trustees’|Report|45| |Independent|Examiner's|Report|6| |Statement|of Financial|Activities|?| |Balance|Sheet|8| |Notes|to the|Financial|Statements|9-12|

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C+ MINISTRIES TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Charity No : 1029797

CHARITY INFORMATION

Trustees

The Trustees during the year ended 31” December 2023, and the perlod In 2024 prior to signing the 2023 Accounts, were as follows:

Mrs tennifer Cooper - Chair Mr Nell Harvey - Treasurer Mr Stephen Hill Mrs Angela Isbister Mrs Alison Neurauter Mr Ray Smith

appointed 7 February 2022 appointed 7 December 2021 appointed 7 February 2022 appointed 7 December 2021 appointed 7 February 2022 resigned 25 April 2023

Herttage Directors

Or Gifford Hill Mrs Monica Hill

Principat Office Address Bellingham House 2 Huntingdon Street St Neots Cambridgeshire PE19 1BS

Independent Examiner

Mr Richard Holland FCA 5 Tabor Close Harlington Dunstable LUS 6PF

Bankers CAF Bank Ltd 25 Kings HI Avenue West Malling Kent ME19 4J0

Lloyds TSB Ple High Street Ashford Kent TN24 5S

Advisors Michael Fenton Jones FRICS David Noakes MA

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C+M MINISTRIES TRUSTEES* REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Charity No : 1029797

TRUSTEES’ REPORT

CHARITY INFORMATION Structure, Governance and Management

Charitable Status

Registered Charity 1029797 — registered on 7* Dacember 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 appaintment af Trustees, and submitted to the Charity Commission.

AGO named Issachar Ministries UK (Registered Charity 1192583) exsts to develop the ongoing work of C+M Minlsteies and has been operative sinca 2023. C&M Ministries continues to support and develop the heritage work of Clifford and Monica Hill.

Organisation

The Trustees have met on Zoom officially 3 times In 2023; on 25th April 2023 and 10th October 2023 for general trustees’ meetings and on 23rd May 2023 for the AGM. The trustees also met informally to discuss various on-going mattars as required. In accordance with the trustee retirement rata, Roy Smith retired as a trustee at the Trustees meeting on 25th April 2023 and Angela Isbister was re-appointed for a further term of office. Richard Holland retired from the post of Finance Manager at the end of 2022 and was replaced by Simon Copley In January 2023. Paul Clark had intimated that 2022 would be his last year as our Independent Examiner and he was thanked for hls work over many years. Richard Holland agreed to act as Independent Examiner for the year ending 31st December 2023.

During 2023 the trustees have continued to work with Issachar Ministries UK to Inform supporters of the ongoing plans of both charities, and to ensure that all donations received were allocated to the intended charity. By the end of the year, the trustees were satisfied that all monies now being received were properly accounted for as between the two organisations. C&M Ministres will continue to retain close links with Issachar Ministries UK, notwithstanding their different aims and organisation.

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 angoing risk assessment and quality monitoring processes. A Trustee Indemnity Policy Is in operation as well as other relevant Insurances policias.

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 heritage work of the ministry initiated by Dr Cilfford and Mrs Monica Hilt. Achievementsand Performance

C&M Ministries (C2MNM} Is happy to report that over 400 supporters have now signed up to their new dedicated supporter database, and on-going donations are covering all the charity's general operating costs. A regular quarterly newsletter is now being emailed to our everaxpanding supporter’s mailing fist; with alternate quarterly supporter zoom meetings. These zoom meetings are generating interesting discussions and contacts with past supporters, with many sending memaries which are gradually being collated and added to our collection of archival resources on the CMM website.

Throughout the year, the trustees have worked with Gifford and Monica Hill to develop the heritage website ministry. A large team of voluntary supporters has been actively digitalising and upgrading past records. After careful consideration of new web designers, Martin Price was granted the contract and an expanded version of the new website fs now being designed; and 3 number af new pages are due to go live in February 2024. Plans are in place to gradually digitailse more of the archival material relating to various stages of Clifford and Monica‘s past ministry, and then to add the documents to the website as they became avaltable.

For the first part of 2023, Clifford continued to provide ‘State of the Nation Update’ recordings for Issachar Ministries UK. Clifford and Manlca have recorded these bi-monthly messages for over 20 years, but [t was agreed that the July 2023 message would be the last. Clifford, however, continues to make contributions to the Prophecy Today ontine magazine.

One new book, ‘Becaming an Issachar People’, was published during the year and was done in cogperation with IMUK. A second book, Ezeklel (volumes 1 and 2}, is dus to be published by Handsel Press in earty 2024. The ministry has aiso developed links with ather organisations and archival groups who might be Interested in receiving some of C&MM’s unique material in the future.

Public Benefit

The Trustees have had due regard to the guidance published by the Charity Commission on Public Benefit and they see a fulfilment of

their responsibilities in the following ways: e = Advancing the Christian faith through writing, teaching and reminding people of this nation’s Christian heritage and culture induding an understanding of aur Christian history and legacy and especially what that means today. * =Providing networking opportunities Induding news of Partiamentary activities, using our groups and our internet links. e Encouraging and teaching thraugh books and newsletters.

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C +M MINISTRIES

Charity No : 1029797

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Financial Review

As the work of C&M Ministries has developed throughout 2023, the trustees have been greatly encouraged with the amount 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 charity in various ways. This has allowed the trustees to plan and budget for the ongoing heritage work of the charity with confidence. Regular donations from supporters during the year have covered the general costs of the Ministry and enabled it to continue on a stable footing. Trustees have agreed that legacies and additional gifts should be used, in accordance with the objectives of the charity, to fund both grants and special projects relating to the digitalisation and facilitation of archive material, thus providing greater access through the ministry website and other organisations.

The legacies received by the Ministry received during the year have been added to the Designated Fund, to be used in the future plans for 2024 and beyond. The Trustees are an 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 to ensure: ° Core activity can continue if funding is lost e The short term continuation of projects the organisation believes are valuable if funding ceases and to allow time for other funding options to be explored © The organisation has sufficient funds to meet all its statutory obligations in the event of closure

On 8th November 2022, Trustees de-restricted the various previous Restricted Funds.
The balance onthe LegacyFund was retained from 31stDecember2022 as a Designated Fund, accepting any further legacies. A legacy of
£65,622 was received in August2023andadded tothe Designated Fund.
The effect can be seen at Note 10tothe attached Financial Statements ,with the balances at 31st December2023 as follows:
Unrestricted Funds - Designated Fund
£115,622
Unrestricted Funds -General Fund
£90,416
TotalReserves
£206,038

Trustees believe that there is no longer a need for a specific level of reserves in the General Fund to cover core expenditure.

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. Issachar Ministries UK and Prophecy Today Limited are completely independent operations, but continue to be informally connected to C+M Ministries.

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 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 steps 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 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 small companies exemption in the Companies Act 2006.

JennifereesCooperatl NeilatsHarvey fener Chair of Trustees Trustee and Treasurer

Approved on 30th April 2024

C+M MINISTRIES TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Charity No : 1029797

N A DENT I Ri Ti TEES OF C & M MINKTRIES

| report on the Financial Statements of the Trust for the year ended 31st December 2023, which are set out on pages 7 to

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12.
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Recpective 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 responsibility:

  1. to examine the accounts under section 145 of the 2011 Act;

  2. 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.

Basis of Independant examiner's statement

My examination was carrled out in accordance with General Directions ghven by the Charity Commission. An examination includes a review af the accounting records kept by the charity and a comparison of the accounts presented with thase records. It alsa Includes consideration of any unusual items or disclosures in the accounts, and seaking explanations from you as trusteas concerning any such matters, The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no apinion 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

| have completed my examination. 1 confirm that no material matters have come to my attention In connection with the examination which gives me cause to belleve that, In any maternal respect: : accounting records were no kept in accordance with section 130 of the 2011 Act, or : the accounts do not accord with the accounting records

| have no concerns and have come across he other matters In connection with the examination to which attentian should be drawn In order to enable a proper understanding of the accounts to be reached.

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G2
‘ [/] > ¢
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Richard Holland FCA 5 Tabor Clase Harlington Dunstable

LUS 6PF

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C+M MINISTRIES

Charity No : 1029797

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

STATEMENTOF FINANCIAL ACTIVITIES

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|||||||||| |---|---|---|---|---|---|---|---|---| |General|= Designoted|Total|Total| |Note|Fund|Fund|2023|aOze| |£|£|£|£| |Voluntary|Income| |Donations,|legacies|and|similar resources|2|24,876|65,622|90,498|36,441| |Incaming|Resources from|Charitable|Acthaties| |Salas and|Conferance income|3|3,642|-|3,642|9,052| |Investment|Income| |Bank|deposit|interest|1,745|-|1,745|155| |Loan|interest|>|:|~|-| |Total|Incoming resources|30,263|65,622|95,385|45,648| |Lt| |Resources|Expended| |Charitable expenditure|4|20,909|-|20,909|90,597| |Fundraising|costs|5|395|-|395|388| |Governence|costs|6|1,124|-|1,124|1,533| |Total|Resources Expended|22,428|-|22,428|92,518| |a| |Net|Incoming/{Outgoing)|Resources|7,835|65,622|73,457|-|46,870| |Transfers|between funds|-|-|-|-| |Fund balances|brought forward|&2,926|50,000|132,926|179,796| |Fund belances|carried forward|90,761|115,622|206,383|132,526|

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

The notes on pages 9 to 12 form part of these Accounts.

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C +M MINISTRIES

Charity No : 1029797

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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BALANCE SHEET
Notes 2023 2022
£ £ £ £
CURRENT ASSETS
Stock 7 - 1,655
Debtors 8 14,714 12,714
Cash at Bank and in hand 192,299 120,157
207,013 134,526
CURRENT LIABILITIES
Creditors
Amounts falling due within one year 9 630 1,600
NET CURRENT ASSETS 206,383 132,926
NET ASSETS 206,383 132,926
RESERVES —$= ———o
Unrestricted funds: 10
General 90,761 82,926
Designated 115,622 50,000
206,383 132,926
—— ——————
We approve these Financial Statements and confirm that we have made available all relevant records and information for
their presentation.
a
Jennifer Cooper Neil Harvey
Chair of Trustees Trustee and Treasurer
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Date: 30th April 2024

The notes on pages 9 to 12 form part of these Accounts.

C+ MINISTRIES TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Charlty No : 1029797

NOTES TO THE FINANCIAL STATEMENTS

1 Principal Accounting Policfes

1.1 Agcounting Convention

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|||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Tha|financial|statements|have|been|prepared|in|accordance|with|the|accounting|policles|set|out|In|notes|to|the|accounts| |ahd|comply with|the|charity's|governing|document,|the|Charities 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 treland|published on|16th|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|Flaws| |The|financlal|statements|have been|prepared|in|accordance|with|the Statement of Recommended|Practice:|Accounting|and| |Reporting|by Charitles|praparing|thelr|accounts|In|accordance|with|the|Financial|Reporting|Standard|applicable|in|the|UK| |and|Republic of Ireland|{FRS|102)|Issued on|16th|July 2014 and|the Finandial|Reporting|Standard|applicable|in the United| |Kingdom|and|Republle of|Ireland|(FRS|102)|and|the|Charitles|Act 2011|and|UK|Generally Accepted|Practice|as|it|applies|from| |ist 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 to the|extent|required|to|provide|a|‘true and|fair view’.|This| |departure|has|invotved|following|Accounting|and|Reporting|by|Charities|preparing thelr|accounts|In|accordance|with|the| |Financial|Reporting|Standard|applicable|in|the|UK and|Republic of|Ireland|{FRS|102)|issued on|16th July 2014|rather than the| |Accounting|and|Reporting|by|Charities:|Statement af Recommended|Practice|effective from|1st|April|2005|which|has|since| |been|withdrawn.|

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The accounts are prepared In sterling, which fs the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared under the hstorical 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 ta continue In operational existence for the foreseeable future. The trustees continue to adopt the gaing 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 heen designated for other purposes. Since 31 December 2022, there have been no Restricted funds subject ta spectfic canditians.

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 reliably and it is 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 liabilities, 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 llabllitles classifled 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 obilgations to pay for goods or services that have been acquired in the ordinary course of operations from suppltars. Amounts payable are classified as current liabitities if payment is due within one year or less. If not, they are presented as non-current Ilabllities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effactive interest method.

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C+ M MINISTRIES TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Chartty No : 1029797

NOTES TO THE FINANCIAL STATEMENTS {continued

1.6 Stocks

The charity no langer plans to retail books and has been donating or giving away the stocks of books held at 1st January 2023. Any remaining stocks at 31st December 2023 have been reduced to nil value. The production costs of new books and pamphlets are now written off in the year of publication, with distribution of copies as and when requested.

1.7 Financial instruments

The chartty has elected to apply the provisions of Section 11 Basic Financal Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FAS 102 to all of its financial Instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party ta the contractual Provisions of the instrument. Financial assets and liabilities 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 fs an intentlan to settle on a net basis or to realise the asset and settle the Hablllty simultaneously.

Basie financlal assets

Basic financal assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsaquently carried at amortised cost using the effective interest method untess the arrangement constitutes a financing transaction, where the transaction is measured at the present value af the future receipts discounted at a market rate of Interest. Financial assets classified as receivable within one year are not amortised.

Basic financial Hebitities

Basic financial liabilities, including creditors and bank loans are initlally 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 llabilities 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 [n the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as notrcurrent Ifabilities. Trade creditors are recognised Initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial iebilities

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

1.8 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: Fundraising 5% Governance 5%

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C+M MIMSTRIES

Chasity No : 1029797

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

NOTES TO THE FINANCIAL STATEMENTS {continued)

2 Voluntary Income
GeneralFund Fund Total2023 Total2022
: £ £ £ £
Danations 22,876 - 22,876 32,641
Legacyincome . 65,622 65,622 -
Gift Aid refunds 2,000
24/876
-
65,622
2,000
90,498
2,800
36441
3 Incoming Resources from CharitableActivities
GeneralFund P8Seated 5.4,)2023 Total2022
£ £ £ £
‘State ofthe Nation Update message’ subscriptions - - - 100
Sale ofbooksandtapes 3,640 - 3,640 1,460
tssachac Ministries UK - - - 2,141
Prophecy Today - - - 5,351
Miscellaneous income 2 - 2 :
3,642 - 3,642 9,052
4 Charitable expenditure
GeneralFund Pesianate’ Total2023 Total2022
£ £ £ £
Fees 9390 - 950 2,030
Ministry expenses 4,365 * 4,365 988
tssachar Ministries UK - - - 6,534
Cast ofresources 6,635 - 6,635 7,629
Office costs 694 - 694 2,909
Office service charges 6,425 - 6425 3,423
Depredation & toss on disposal of fixed assets : - - 759
19,109 - 19,109 24,272
Donationsand support 1,800
20,303
:
-
1,800
20,909
66,325
90,597
5 Fundraising costs
GeneralFund ted
PSOE
Total2023 Totol2022
£ £ £E £
Fees 55 - SS .
Office service charges 313 - 313 175
Office costs 27 - 27 171
Depreciation & loss on disposal of fixed assets - - - 42
395 - 395 383
G Governance costs
GeneralFund
TT
Designated
—SBPRES
Eund
541012023 Total2022
£ £ £
Feas 55 : 55 270
Office servicecharges 542 - 542 400
Office costs 27 : 27 321
Depreciation& loss on disposal of flxed assets - - - 42
Examiner'sfees 500 - 500 500
1,124 - 1124 1333

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C+ M MIMISTRIES

Charity No : 1029797

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

NOTES TO THE FINANCIAL STATEMENTS (continued}

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7 Stock 2023 2022
£ £
Literature — Books - 1,655
& Debtors 2023 2022
£ £
Gift Aid tax recoverable 14,714 12,714
14,714 12,714
9 Current Liabllitles 2023 2922
£ £
Accruals 630 1,600
630 1,600
10 Funds
. .
Unrestricted: Balance1.1.23 at Resourcesincoming ResourcesOutgoing Transfers Balance31.13.23 at
£ £ £ £ £
General Fund 82,926 30,263 - 22,428 - 90,761
Designated Fund 50,000 65,622 115,622
132,926 95,885 - 22,428 - 206,383
i
Analysisof Funds
General Fund Desenated Tata
£ £ £
Tanglble fixed assets -
Current assets 91,391 115,622 207,013
Current liablilitles - 630 - 630
a
90,761 115,622 206,383
ee
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11 Capital Commitments

The Charity was not committed ta any capital expenditure as at 31 December 2023 (2022~ £Nil}.

12 Non Cash Gifts

There were no nortcash gifts donated to the Charity during the year

13 Controlling Party

The Charity is under the control of itsTrustees. There Is no overall cantrolling party.

14 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 books and archivat material. The Charity will also continue its role as a grant-making body to other charitable organisations in line with Its objectives.

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