ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 OCTOBER 2022
INTRODUCING MEN TOJESUS SINCE 1989
CONTENTS Trustees, Report Independent Examiner's Report Statement of Financial Activities Statement of Financial Position Statement of Cashflows Notes to the Accounts 06 15 18 19 20 21
TRUSTEES, REPORT The Trustees have pleasure in presenting their annual report together with the financial statements for the year ended 31 October 2022 Legal and administrative information Chairman: C Beech Trustees: B Priestley E Dring D Thorpe Nathan Blackaby Call Beech Chief Executive Officer. President: Operations Director: Registered Officv. S Martin Staveley Methodist Church Chesterfield Road Staveley Chesterfield 543 3XD Registered Number: Registered CharityNumber {England & Wales): 1071663 Registered CharityNumber (Scotland): SC043446 Bankers: HSBC Bank plc 45 Milsom Street Bath BAI IDU 3623498 Standard Life Bank Limited 30 Lothian Road Edinburgh EHI 2DH Stopfoids Synergy House 7 Acorn Business Park Commercial Gate Mansfield Notts NG181EX Auditor. P39e60128
Objects of the charitable company The charitable company is established to bring The Gospel of The Lord Jesus Christ to the men ofthe United Kingdom. The governing document is a memorandum of association. Organisation of the charitable company The running ofthe Charitable company is overseen by a Board ofTrustees whose members are directors within the meaning of the Companies Act 2006. The trustees meet two to three times each year to oversee the ministry and staff. In between trustees, meetings, the CEO meets with the Chair of Trustees as required. CVM aims to have about five trustees who together bring to the Board a selection of competencie5 such as Evangelism, Accountancy, Human Resources and Management.The Chairman is elected every year at the AGM, and trustees senie for a thiee-year term, when they may be r*elected by other trustees. Summarising CVM Christian Vision for Men's target is 'To equip the Church to introduce every man in the UK to Jesus Christ,. Principal activities and review of the year This has been another busy year for CVM, relaunched the Gathering in physical form back in the field, and introduced a new digital platform called Winning Men. Nathan Blackaby remains CEO responsible for the day-to-day activities of the charity, and Carl Beech brings his visionary, networking and fund-raising skills in the role a5 President. Annual Conference/Conferences The summer Festival (The Gathering) was held for the first time since 2019 with a great degree of success. Over1300 men celebrated the return to the Iield in June. Page 7of 28
Strategic Vision. l. To partner with l 000 men's groups across the UK CVM men's groups are evangelistic and are our primary method of communicatir)g the gospel. We are indebted to our group leaders and volunteers who work tirelessly to help reach men vvith the message of Jesus. The number of groups remains around 300. Since thing5 have opened up after the pandemic we are seeing groups becoming more and more active with new groups Starting and joining the network. partnering. The Winning Men app was launched during the reporting period, and is gaining support and interaction from men and group5 right across the country. 2.To run the premier evangelistic men's website in the UK The website is based around The Code and is linked to the evangelistic resource The Crazy Way It continues to be maintained and updated, with a view to building a new website in the next reporting period. Podcast5 and blogs continue to be sent out regularly with the podcasts particularly growing in popularity. 3. Become the major resource provider to enable evangelism to men CVM has an extensive range of unique resources, which is growing year on year. The following new resources were produced in the reporting period.. Winning men new App based platform The following new resource is prepared and ready to launch in the next reporting period.. Tac Comms EDC (Every Day Cariyl. This is a series of12 booklets containing 3 daily thought and bible verse. These will be sent out monthly to subsciibeis. 4. To become a Global ministry with in-nation teams transforming the UK model culturally CVM'S Ivolunteeil International coordinator provides support and training for groups overseas using regular internet calls with an emphasis on player. During the year we had regular contact with several countries, including Brazil, Cambodia, Fiance, Latvia, Serbia, Uganda, Australia, South Africa and Portugal. It has been particularly encouraging to see the local teams in beginning to grow and consolidate the work themselves within their countrie 5. To run the premier men's evangelistic festival in the UK The Gathering continues to Illl a unique slot in the Christian events calendar in the The event was back in physical form in the filed in June. Over 1300 men attended, with l 00 responding to the Gospel appeal. 6. Develop The Code, into a Global Discipleship movement The Code is CVMS tool foi developing mi55ional discipleship. The Code, alongside the Crazy Way, continues to be the key in Cvms resource library. Page8of28
A new set of videos based around the Code entitled 'CodeTalks' was released in early 2022 accompanied by a Leader's guide and workbool this was provided to all our groups, is part of the resource pack that new groups receive and is included in our resources'shop.. The Code will feature at the centre of the new website which has been roll over to the next reporting period. 7.To be a voice for Gospel issues in the public square and in the UK church We aim to be viewed as thought leaders when it comes to men and mission. Our voice is growing across Wales, including within the We15h speaking community. We have links with partners engaged in significant areas of advocacy such as tackling violence against women, the proliferation of pornography and the whole area of fatherhood. Key partnerships continue to be forged in this area, specifically associated with pornography (Azalea Flintl, violence against women (Restoredl, marriage (Engage foiuml, sponsoring children growing up in poverty ICompas5ionl, working in deprived areas of the UK IEdge Ministries), fatherhood and adoption (Who Let The Dads Out and Home For Good). All these campaigns continue to be actively promoted across the network for example over l 000 children have now been sponsored as a direct result of the partnership with Compassion. 8. To hold events suitable forall men. Physical events are coming back slowly, with The Gathering being central. In the next reporting period itls planned to hold a tour of day events in key locations across the nation, and smaller Gatherings for leaders across a local region. Page90128
Public Benefit CVM exists to proclaim the Christian gospel by working with churches to introduce men in the UK to Jesus Christ, and operates across the nation wherever churches seek to develop their outreach to their communities and beyond. In compiling this report the Trustees confirm that they have had due regard to the public benefit guidance issued by the Charity Commission. CVM believes that the Christian faith is a benefit to society and individuals through transforming men's lives and the impact on themselves, their families and society as a whole. CVM works with churches and partner organisations to tackle many social issue5 that are primarily a problem with/ for men. Violence against women (Restoredl,. working to asslst men addicted to pornography (Naked Truth and Azalea Flintl,. sponsorship of children across the world (Compassionl,. encouraging men to engage with some of the most deprived social areas in the UK (Edge Network),. encouraging men in the area of making marriage work (Engage forum). This list indicates that CVM works out it5 Public Benefit in a number of ways and seeks to demonstrate this benefit through its activities in the UK as detailed throughout the Trustees report. Financial review. The acc(unts show a significant increase in income of £206k up to £61 I k12021 £405kl. This once again is entirely due to the charity's major event Thhe Gathering), however unlike previous 2 years the event went ahead. This was a significant step forward post pandeynic and the income increase reflects that many people agreed with the Boards decision to go ahead with large ticket sales This was also mirrored as usual by higher specific expenditure for the same reason. The board worked very hard to deliver the event at a decreased cost base in order to mitigate any risk of lower ticket volumes. CVM'S net income therefore wa5 again positive1£49kl, further having the effect of covering off all remaining caiiied fomard10sses. CVM lind5 Itself in a strong financial position at the end of this year. Material costs were again reviewed and where appropriate taken out of the charity on an ongoing basis. As a consequence and continuing previous years direction, cash improved materially, this time by a larger £45k12021 £23kl. The board of Trustees feel confident that future physical The Gathering, events will continue to go ahead and cost reviews done for the event will create a sustainable model to take fonward. Reserves policy The Trustees, policy is to aim to retain sufficient reseNe5 to meet commitments in case the charitable company ceased to operate. PagelOof28
Investment policy There are no specific restrictions on the Trustees, investment powers. CVM has no long-term investments or endowments. Cash surplus to monthly requirements is held in two savings accounts. Risk analysis Risk management IS the process of making and carrying out decisions that will minimize the adverse effect of accidental losses upon CVM. The risk management process is vital to the personal health and safety of employees and the fetY of the public. In financial terms, it is vit31 to our ability to pursue our goals, commence and operate piograms and events, and to work out our Charitable Aim in an efficient and professional manner. The Trustees of CVM have put in place a risk management strategy to pursue our risk management goals and objectives. These goals and objectives include.. 1. Avoiding exposure to accidental Ioss by not undertaking events, contracts, 01 activities where the potential loss is greater than the potential benefit to be derived from these undertakings. 2. Preventing loss by identifying potential10s5 exposures and implementing policies and procedures to reduce the risk of these losses occurring. 3. Controllinglosses that do occur by.. a. Developing contingency plans for possible loss scenarios b. Proper documentation and investigation of losses 4. Raising the awareness of all Trustee board members, employees, and volunteers concerning risk management within CVM. These goals and objectives are.. a. A Risk Management Committee led by the Operations Director, whose responsibilities are to implement, monitor, evaluate and revise plans to achieve our goals and objectives. b. Financial risk management is monitored by the Executive staff and any risks forthcoming are reported to the Chairman ofThe Trustees by the Executive Staff. c. Risk Management IS a Standing item for discussion at each weekly team meeting. 5. Cooperation is needed from all Trustees, employees and volunteers. Only by working as a team with common goals and objectives can we ensure the success of this risk management strategy and its part in working out our aims and vision. 6. CVM will continue to assess the risks due to the COVID pandemic in accordance with Government Guidelines and advice. Pagell of28
Trustees The Trustees who have served during the year and up to the date of this report are as follows.. B Priestley E Dring D Thorpe CVM aims to have four to five trustees who together bring to the Board a selection of competencie5 such as Evangelism, Accountancy, Human Resources and Management. The Trustees continue to seek an additional member of the board to complement the existing skillset. The Chairman is elected every year at the AGM, and trustees sepie for a three-year term, when they may be r&elected by other trustees. The Chairman, CEO and other trustees along with the President review possible future trustees and introduce them to the management and operation ofCVM before inviting any to become trustees. Trustees, responsi bilities The Trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the charitable company's Iinancial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the Trustees are required to.. o select suitable accounting policies and apply them consistently., o make judgements and estimates that are reasonable and prudent., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy the financial position of the charity, and which enable them to ascertain the financial position of the charity and which enable5 them to ensure that the financial statements comply with the Companies Act 2006. They 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. Trustees, statement of disclosure to Auditor So far as the Trustee5 are aware, there is no relevant audit information of which the chaiitls auditors are unaware and they have taken all the necessary steps that they ought to have taken as trustee5 to make themselve5 aware of any relevant audit information and to establish that the charity's auditors are aware of that information. Page12of28
Auditor The charitable company is required to appoint independent advisors / auditors. Stopfords of Mansfield will be re-appointed a5 auditors. In preparing this report, the Directors have taken advantage of the small Companies exemptions provided by section 415A ofthe Companies Act 2006. Mr B T Priestley Trustee Dated. 0810612023 Page13of28
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CHRISTIAN VISION FOR MEN INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CHRISTIAN VISION FOR MEN Opinion We have audited the financial statements of Christian Vision for men Ithe 'charitable company'l for the year ended 31 October 2022 which comprise the Statement of Financial Activitie5, Balan Sheet and notes to the financial statements. induding a surnmary of significant accnunting PDlicie$. The financial reporting fr8mework that ha$ been applied in their preparation 1$ applicable law and United Kingdom Accounting Standards, Including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Iunited Kingdom Generally Accepted Accounting PrSctil. In our opinion the financial statements-. give a true and fair view of the Stale of the charitable company'$ affairs as at 31 O¢tober 2022. and of its incoming resou$ and appIltiOn of resour$, Including ils income and expenditure, for the year then ended", have been properly prepared in awordance with United Kingdom Generally Accepted Awounting Practi.. and hsve been prepared in accordan with the requirements of the Companies Act 2(, the Charitie5 and Trustee Inve5tsrent Iscotlandl A¢t 2005 and regulation 8 of the Charities A¢ntS IS¢otlandl RUlationS 2006. Bas1$ for oplnlon We conducted our audit in accord8nce wth Internstionsl Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Audilorfs responsibilities for the audit of the financial statements $e¢tion of our report. We a Independent of the Charitable company in accordance with the ethical qUireMents that a relevant to our audit of the finanual statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a ba$1$ for our opinion. Conclusions relating to going concern In auditing the financial statements, we have ¢on¢luded that the trustees, use ol the going conrn basis of accounting in the preparation of the financial 5tatetnentS 15 appropriate. Based on the work we have performed, we have not identified any material uncertainties lating to events or conditions that, inclividually or collectively, may cast signifint doubt on the charitable company's ability to continue as a going COnM for a peri£ of at least twelve months from when the financial statements are authorised for issue. Our iespon51bilities and the responsibilitie5 of the tru5tee5 Wth ie5pect to going concern are described in the reVant 5ectiOn5 of this report. Other Informatoon The other information comprises the infom18tion included in the trustees, annual report. other than the fi'nancial statements and our auditorfs report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the othei information and, eXpt lo the extent otherw15e explicidy stated in our report, we do not express any form of 8ssurance condusion thereon. Our responsibility 1$ to read the other information and, in doing so. ¢onsider whether the other information is materially inconsistent with the financial statements or our knowledge obtained In the course of the audit or otherwise appears lo be materially misstated. If we Identify such materisl Inconsistencies 01 apparent material misst3tement5, we are required to determine whether this give5 rise to a msterial mi8Stalement in the finan¢ial statements themselves. If, based on the work we have performed, we ¢on¢lude that there is a material misstatement of this other Infomation, we a quIred to report that fact. We have nothing to report in this regard. PagelS0128
CHRISTIAN VISION FOR MEN INDEPENDENT AUDITOR'S REPORT CONTINUED TO THE TRUSTEES OF CHRISTIAN VISION FOR MEN Oplnlons on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the wort( undertaken in the course of the audit.. the information given in the tru5tees' report lincorporating the direct015' report) foi the financial year foi which the financial 5tstements are prepared is consistent with the finanu81 statements.. and the directors, report has been prepared in accordance 1th appIlble gaI requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the charitable Company and its environment obtained In the course of the audrt, we have not identified material mis51atements in the directOf5' report. We have nothing lo report in SpeCt of the following matters in latiOn to which the Companies Act 2006 and the Charities Accounts (Scotlandl RegulatlOn5 2006 require us to report to you if, in our opinion. adequate and proper accounting COrdS have not been kept. or returns adequate for our audit have not been reiVed from branches not Vi51ted by u5, or the financial Statements a not in agreement with the accounting COrdS and rtturns,. or certain disclosures of directors, remuneration specified by law are not made.. or we have not received all the infottnation and explanations we require for our audit," or . the trustees were not entitled to prepare financial ststements in accordan with the small companie5 regime snd take advantsge of the small Nmpanies exemptions in pparIng the directors report. Responslbllltles of tru$tee$ As explained more fully in the trustee5' responsibilities statement set out on page 4. the trustees (who are also the directors of the ¢haritable ¢ompany for the purposes of company lawl are responsible for the preparation of the financial statements and for being $ati$fied that they give a true and fair view, and for such internal Control as the trustees detem)ine is ne$sary to enable the preparation of financial statements that are free from material misstatement, whether due to frsud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concem and using the going conr basis of accounting unless the trustees either intend to liquidate the ¢haritsble company or to tta$e operations, or have no all$tI¢ alternative bul to do so. Auditor's responsibilities for the audit of the financial Statements We have been appointed as auditor under section 4411llcl of the Charities and Trustee Investment (Scotlandl Act 2005 and under the Companies Act 2006 and report in accordance with regulations made under those Acts. Our objective5 are to obtain re350nable assurance about whether the financial 5tatement5 as a whole are free from material rnisstatement, whether due to fraud or error. and to issue an audilorfs report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordan¢e with ISAS IUKI will always detect a material misstatement when it exists. M15Staternents can arise from fraud or errol and are con51deied material if, individually 01 in the aggregate, they could ieasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities. including fraud. a instsnct$ of non-¢ompliantt with laws and regulations. We design procedure$ in line with our sponsibilities, outlined above. to deted material misstatements In res*ct of irregularities. including fraud. The extent to which our procedures are capable of detecting iiregularities, including fiaud 15 detailed below.. Page16of28
CHRISTIAN VISION FOR MEN INDEPENDENT AUDITOR'S REPORT CONTINUED TO THE TRUSTEES OF CHRISTIAN VISION FOR MEN Extent to which the audit wa$ considered capable of detecting irregularities, including fraud In Identifying and assessing risks of tnaterial misstatement in respect of Irregularities, Induding fraud and nOn-COtnplian with laws and regulations, we considered the following.. We obtained an understanding of laws and regulations that affect the charitable ompany, focusing on those that had a direct effect on the financial statements or that had a fundamental effect on Its operations Key laws and regulations that we Identified Induded the UK Companies Act, Charities and Trustee Investment Iscodandl Act 2005, regulation 8 of the Charities Accounts Iscotlandl Regulatson5 2006, tax legislation and occup8tion81 health and employment legislation. .We enquired of the trustees. reviewed correspondence and reviewed trustees meeting minutes for evidence of non-compliance with relevant laws and regulations. We also vieWed controls the trustees have In pla to ensure complian. We gained an understanding of the controls that the trustees have in place to prevent and detect fiaud. We enquired about any incidences of fraud that had t8ken place during the 8ccounting period. The risk of fraud and non-compliance with law8 and regulations and fraud was discussed within the audit team and tests were planned and perfomied to address these risks. We identified the potential for fffjud in the following areas. misappropriation of cash and other assets We vieWed financial statement disclosu$ and tested to supporting documentation to assess compliance with relevant laws and regulation5 discussed above. We enquired of the trustees about actual and potential litigation and dairns. In addressing the risk of fraud due to management override of internal controls we te$led the appropriateness of journal entries and assessed whether the judgements made In making accounting estimates were indicative of a potential bias. We performed analytical procedures lo identify any unusual or unexpected relationships that might indicate risk of material mis$tatemenl due to fraud. Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-complian wth regulation. This risk Increases the rn0 that Complian with a law or regulation is removed trorn the events and trsnsaction5 reflected in the financial statements, as we will be less likely to become awsre of instances of non-compliance. The risk is also greater regarding irregul8rilie$ occurring due lo fraud rather than error. as fraud involves intentional GOnalMent. forgery, collusion. omission or misreprtsenlation. A further description of our responsibilities forthe audit of the financial statetnents Is located on the Financial Reporting Council's websrte at.. www.frc.org.uklauditDrsresponsibilities. This description forms part of our auditorfs report. We communicate with those charged with governance regarding. among other matters, the planned scope and timing of the audit and significant audit findings. Induding any significant deficiencies in Internal control that we identify during our audit Use of our report This report Is made solely to the charitable cornpany s metnbers, as a b£y, in accordance wth Chapter 3 of Part 16 of the Companies Act 2006 and to the charitable company's trustees, as 8 body, in 8ccord8nce with regulation 10 of the Charities Accounts Iscotlandl Regulations 2006. Our audit work has been undertaken so that we might slate to the charitable company's members and trustees those tnattet5 we are required to state to thern in an auditor's report and for no other purpose. To the fUlst extent permitted by law, we do not accept Dr assume responsibility to 8nyone other than the charitable company. the charitable company's mernbers a8 8 body and its trustees as a body. for our audit work, for this pOrt. or for the opinions we have formed. Mr Phllllp Nl¢hol$on (Senlor Statsjtory Audltorl for and on behalf of Sttspfords Imansfieldl Ltd Chartered Accountants Stathtory Audltor Date.. Jul 11, 2023 Synergy House 7 Acorn Business Park Comtnercial Gate Mansfield Notlinghamshi NG18 1EX Page17of28
CHRISTIAN VISION FOR MEN STATEMENT OF FINANCIAL ACTIVITIES for the Includin INCOME AND EXPENDITURE Account ear ended 31 OCTOBER 2022 Notes Unrgstricted Rgstricted 2022 Total 2022 Total 2021 2022 INCOME AND ENDOWMENTS FROM: Donatlons and legacles 326,209 326,209 373,612 Income from charitable activities Group subscriptions Sales of products and publications Events Lanzarote timeshare Speaking incotne Other income 21,391 5.477 21,391 5,477 257.547 22,214 2,874 3.594 257,547 610 610 2,775 Investrnents IThte$t 1Ved 19 19 Total Income and endowments.. 353,705 257,547 611,253 405.071 EXPENDITURE ON.. Ralslny funds.. Cost of pioducts sold Salary and other costs 3.884 23,996 3.884 23.996 1,635 22,162 1&5 Charitable activities Conference. events & Lsnzarote Gathering event other charitable expenditure 2,812 2.812 217,664 309.149 12,533 23.930 331,405 217,664 1&6 309,149 Other Independent Exarninerfs fees 1&7 4,800 4,800 2,400 Totsl reSoue$ expended 2&3 344,641 217,684 562,305 394.065 Net incomellexpenditurel before transfers 9,064 39,884 48,948 11.006 Transfers belween funds 39,884 139,884 Net In¢omellexpendlturel after transfers 48,948 48,948 11.006 Balances brought forward at 1 November 2021 143,0091 7,052 135,9571 146.9631 Balances carried forward at 31 October 2022 5,939 7,052 12,991 135.9571 The statement of financjal activities also complies wrth the requireTnents for an incotne and expenditure account under the Companie5 Act 2006. The notes on pages 12 to 18 form part of these financial statements. Page18of28
CHRISTIAN VISION FOR MEN STATEMENT OF FINANCIAL POSITION as at 31 OCTOBER 2022 Note5 2022 2021 Flxed assets Intangible fixed assets Tangible fixed assets 7,052 3,889 7,052 2,393 Current 888ets Stock Debtors Bank and cash 10 11 10,406 27,843 11,765 93,013 38 869 143,647 122,444 Creditors- Amounts falling due within one year 12a 120394 189049 2,050 12,991 45.402 135.9571 ¢reditors- Amounts falling due In more than one year 12b Totsl 888ets le88 current liabilities 12,991 35.957 Charlty funds Unrestricted Restricted funds 14 14 5,939 7,052 143.0091 7.052 Total charity fund5 12,991 35,957 These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The financial statements were approved by the trustees on". Jul 11, 2023 Mr B T Pri8Stley Trustee Registe company Number 3623498 Registered Charity Number England & W81es Scotland 1071683 S¢043446 The notes on pages 12 to 18 form part of these financial statements. Page19of28
CHRISTIAN VISION FOR MEN STATEMENT OF ¢ASHFLOWS for the r ended 31 O¢TOBER 2022 Notes 2022 2021 Cash flow8 from operatlng actlvltles Net incomellexpend1tuI 48,948 11.006 Acljustments for.. Oepieciation of tangible fixed assets Other interest receivab and similar income Loss on disposal of tangible fixed assets Accrued expenses 1,891 Changes in.. Stocks Trade and other debtors Trade snd other creditors 1,359 65,170 168,6551 12.1201 111.2301 23.866 Cash generated from operations 48,786 23,413 Interest reIved Net cash used In operating activities 48,786 23,413 Cash flowB from Investlng actlvltles Purchase of tangible assets Pro¢eed$ from sale of tangible 8$sets 13,4601 16581 Net cash fromllused inl investing activitie5 13,460 16581 Net decrease In cash 8nd cash equivalents Cash and cash equivalents at beginning of ye8r 45,326 38,869 22.755 16.114 Cash and cash equivalents at end of year 18 38.869 The notes on pages 12 to 18 form part of these financial st8tement5. Page 20of 28
CHRISTIAN VISION FOR MEN NOTES TO THE A¢¢OUNTS for the ear ended 31 OCTOBER 2022 1. Accountin olicies B88is of accounting Christian Vision for Men is a private company limited by guarantee incorporated in England and Wales. In the event of the charity being wound up. the liability in respect of the guarantee is lirnrted to £10 per member. The registered office is staVeY methodist Chur¢h, Chesterfield Road, Staveley, Derbyshire, S43 3XD. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance wth Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to ch8riliÈs preparing their accounts in accordan with the Financial Reporting Standard applicable In the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011, the Companies Act 20C6 and UK Generally Accepted Ac¢ounling Practice. The financial statements are prepad on a going conrn basis under the historical cost convention. The financial statements are presented in sterfing which is the functional currency of the charity. The signifi¢anl accounting policies applied in the pparatIOn of these financial statements a sel out below. These policies have been COn5i5tently applied to all years piesented unless otherwise stated. b. Judgements and key sources of estlmatlon uncertalnty In the application of the company's accounting policies, the trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and asso¢iated assumptions are b35ed on historical experience and other factors that are considered to be relevant. Actual re5utts may differ from these estimates. The estimates and undedying assumptions are vieWed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estirnate is revised where the revision sffect5 only that period, or in the peri£ of the revision and future periods where the revision affects both current and future periods. ¢. Crltlcal Judgements The following judgements (apart from those invofving estimates) have had the most significant effect on amounts rewnised in the financial statements. Depreciation The directors review depreciation rates and useful lives of the tangib fixed assets on an annual basis to ensu the effects ol usage, wear and tear or technical obsolescence are ieflected in the carrying value of the asset. Impairment The direct015 review fixed as5et5 for indications of impairrnent in conjunction wth review of depreciation above. The cornpany ha5 policies in place to review assets on an ongoing b8SIS. d. Going concern These financial statements are prepared on the going conTrrn basis. The trustees have a reasonable expectation that the cornpany wll continue in operational existence for the foreseeable future. The trustees have considered the level of cash, current assets held and the expected level of income and expenditure for 12 months from authorising these financial 5tstement5 and reinforce decision making wth forecasting, making allowan for all available information. The trustees consider that the Charitys main activities a underpinned adequately by donations and income from Charitable actvilies. After careful consideration and evaluation of current management information and forecasts they continue to adopt the going concern basis of preparation. Page21 of28
CHRISTIAN VISION FOR MEN NOTES TO THE A¢¢OUNTS ¢ONTINUED for the ear ended 31 OCTOBER 2022 Financial instruments Debtors and credltors recelvablelpayable wlthln one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction prir£. Any losses arising from Impairment are cOgnised In the profit and loss ac¢ount In other administrative expenses. f. Income Donations and other forms of voluntsry income are recognised Mrithin the Accounts when 1ved. Legaaes are sccounted forwhen notified. Income tax recoverable on gifts reiVed is recognised in the period when the gift is reived. Income received in respect of The Gathering is deferred and released at the time of the event. g. Investment assets anil the Income arlslng Investment incorne is treated as income when received. Basi5 of allocation of expense5 Expenses are re¢wni$ed when in¢urred and are apportioned where possib exadly to the CatOry to whi¢h they relate. In circumstan$ where this Is not possible the trustees apportion the amounts In what they Consider to be fair proportions to each category. generally based on time spent. Costs associated with voluntsry income ale apportioned by either 3D/o or 5Vo and other charitable expenditure by 97Q/o or 95°/o. Fund raising These costs are an allocation of expenses incurred. l. Intsnylble fixed assets The charitable company's interest in a Timeshare in Lanzarote ha5 in eXs8 of 50 years to run. The asset 1$ ¢ThIsd at cost, no amortisation 1$ provided. Tangible fixed assets Fixed assets are recognised at cost. Depre¢ialion is ¢harged on computers and Offi equipment 8t a rate of 330A per annum. Depreciation is charged on motor vehicles at a rate of 33010 per annum. Fund5 accounting Fund$ held by the ¢harity are.. lal Unrestricted general funds- these funds can be used in accordance with the charitable objects at the discretion of the trustees. Ibl Restricted funds- these are funds that can only be used for 8 particulsr iestricted purpose wthin the objects of the charitable ¢ompany. Re$tri¢tions arise when specified by the donor when funds are raised for particular purposes. Stock Stock 15 Stated at lower of c05t and net realisable value. Pension costs The charitable company operates a defined contribution pension $¢heme. Contributions payable to this scheme are charged to the profrt and loss account in the period to which they relate. These contributions are invested separately from the company's assets. Page 22 of 28
CHRISTIAN VISION FOR MEN NOTES TO THE A¢¢OUNTS ¢ONTINUED for the ear ended 31 OCTOBER 2022 o. Hlre purchase agreements Assets held under hire purchase agreernents are capitalised and disd05ed under tangible fixed assets at their fair value. The capital element of the futu payment$ 1$ treated a$ a liability and the interest is charged to the profil and los$ account on a $tr8ight line basis. 2022 2021 Income and ex enditure account Is arrived at after chargingllcreditingl Remuneration of trustees Travelling expenses reimbursed to trustees Hire purchase interest Auditors fee12021 Independent examiner's fee I Fees for accounting servi$ Independent auditor's fee 4,800 19,800 2,400 19.800 3a. Staff co8t8 Wages and salaries Social security costs Pension cost5 Other ¢osts 175,638 12,037 4,483 182,609 7.990 4.726 192,158 195.326 Average number of staff for the year Average number of staff- based on equivalent full time Ministry Support 5tsff No individual employee had emoluments above £60,000 during the year. 3b. Trustees. and key management personnel remuneratlon and expenses The tru$tee$ received no remuneration or reimbursement of expenses during the year. The total amount of ernployee benefits received by key tnanagetnent personnel during the year was £90.36712021 £79,781). The Trust considers its key management personnel compromise. Executive Director Ministry Operations Director Rev N Blsckaby Mr S Martin The charitable company Is exempl from payment of wrporation and Income tax as It is a registered charity. Page 23 of 28
CHRISTIAN VISION FOR MEN NOTES TO THE A¢¢OUNTS ¢ONTINUED for the ear ended 31 OCTOBER 2022 Unrestrl¢ted Funds Restrlcted Funds 2022 Totsl 2021 Total 6. Costs of raisin fund8 Fund raising costs CAFlJust Giving Salaries snd other employment C05ts15QAI Travel costs15.kl offi ¢osls15°kn1 Exhibition5 and other publiaty Website and other means of communic3tion13%1 4.708 9,608 963 3.136 5,482 100 4,708 9,608 963 3,136 5,482 100 2.309 9.766 817 4.249 4.933 86 23,996 23,996 22,162 Unre$tri¢ted Funds Restricted Funds 2022 Total 2021 Total 6. Charitable activitie8 Salaries and other employment ¢osls195°1o1 Consultancy fee511000AI Travel costs195O/ol offi ¢osls195°1o1 Website and other rneans of communicstion1970AI 182.550 45,500 18,303 59,578 3,218 182,550 45,500 18,303 59,578 3,218 185.559 46.788 15,532 80.737 2.789 309,149 309,149 331.405 Unrgstricted Restricted 2022 2021 7 Anal 1$ of re$ouree$ ex Governance costs ended Funds Funds Totsl Total Independent auditor's fee Independent examine¢s fee 4.800 4,800 2.400 4,800 4,800 2.400 2022 2021 8. In Interest in fimeshare 7,052 7.052 The charitable company has acquired an interest in a Timesha in Lanzarote for use in connection wrth Its d)aritable objectives. Page 24of 28
CHRISTIAN VISION FOR MEN NOTES TO THE A¢¢OUNTS ¢ONTINUED for the ear ended 31 OCTOBER 2022 9.Ta ible fixed assets Motor Vehicl8S Flxtures & Fittings Offl¢e Equip. Totsl At 1 November 2021 Additions 5.300 6,448 900 59,072 2,560 70.820 3.460 Eliminated on disposal At 31 O¢tober 2022 5,300 7,348 61,632 74.280 reciation At 1 November 2021 Charge for the year 5.300 6,133 320 56,994 1,644 68.427 1.964 Eliminated on disposal At 31 O¢tober 2022 5,300 6,453 58,638 70.391 At 31 October 2022 895 2,994 3.889 At 31 O¢tober 2021 315 2,078 2,393 There were no outstanding capitsl commitments at 31 October 2022. 2022 2021 10. Stock Books, resources, learning materia 10,406 11.765 2022 2021 11. Debtors Income tax coVerable Gift Aid Prepayments and accrued income 9,177 18,666 4,582 88,432 27,843 93,013 2022 2021 12a. C Loans Othei creditors Taxation and $o¢ial security Trade tdItOrS Accruals and deferred income 5.000 3.457 4,129 47.417 129.046 4,834 4,213 14,636 96,711 120,394 189.049 Page 25 0128
CHRISTIAN VISION FOR MEN NOTES TO THE A¢¢OUNTS ¢ONTINUED for the ear ended 31 OCTOBER 2022 2022 2021 12b. Creditors.. Amounts fallin due in more than one ar Loan$ 13. Com an status The company is limited by guarantee. The company is 8180 a registered charity. 14. Anal is of chari funds 2021 Income Expendltu Transfers 2022 Unrestrlcted funds Gener81 fund 43.009 353.705 344,641 39,884 5.939 Restricted funds Lanzarote Timeshare Events Autumn Conference & Online Gathering 7.052 7,052 257,547 1217,6641 139,8841 7,052 257,547 217,664 39,884 7,052 35.9571 611,253 1562,305 12.991 The Lanzarote Tirneshare Fund arises frorn a specific gift rnade to enable the charrtable company to purchase an interest In a Timeshare, which is used lo take men's groups for fellowship and te8ching. Any surplus or deficit for an event hosted during the year is transferred to unreslricled general funds when complete. this may mean funds a transferred lo cover deficits. 15. Analysls of Net Llabllltles between Funds Intan, Fixed Tanylble Fixed Assets Assets credltor Net CurTht due after 1 Assetsl Llab, year Totsl Restricted Funds Unrestricted Funds 7,052 7,052 5.939 3,889 2,050 Total funds at 31 October 2022 7,052 3,889 2,050 12,991 16. Cash and cash equivalents 2022 2021 Cash and cash equivalents comprise the following. Cash 8t bank and in hand 84,195 38.869 17. Pen$lon$ and other post-retlrement benefits The charity operstes a defined contribution pension plan for its employe88. The amount recognis8d as an 8xp8ns8 in the period was £4,48312021 £4.7261. Where r8quired pension Costs are allocated on th8 same basis as staff cost5 for th8 purpose of allocation between restricted and unre$trided funds. Page 26of 28
CHRISTIAN VISION FOR MEN NOTES TO THE A¢¢OUNTS ¢ONTINUED for the ear ended 31 OCTOBER 2022 18. Deferred Income Deferred Income presents visitor tickets and exhibitor bookings in respect ol The Autumn Conference and The Gathering events. The The Gathering Wildern85S At 1 November 2021 Additions during the year Released to income 107,357 163,332 1201,3671 15,989 At 31 October 2022 69,322 15.989 19. Operdting lea58 commitment5 At the reporting end date the ¢ompany had outstsnding Commitments for tre minimum lease payments under nOn-¢anlIable operating leases. as follows. 2022 2021 Not later than one year Later than one and not later than five years 835 1,699 8,307 2.534 The charitable company Is controlled by the trustees who are also the members and guarantors, the extent of each member's guarantee being £10. During the year the charitable Company moved Into offi$ which are sUbt from The Edge Ministries, a registered charrty number 225463, in which operations director Mr Steve Martin 15 a trustee. Rent charged during the year w8s £3.69012021 £6001, other expenses charged amounted lo £3.50012021 £2,2101. All transactions were made on commercial terms. £5.73012021 £3,000) remained owing to The Edge Ministries at the balance sheet date. Page 27 of 28
CVM CHRISTIAN VISION FOR MEN Chesterfield Road Staveley S43 3XD cvm.org.uk