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2023-10-31-accounts

Registered Charity number 1071663 (England and Wales) Registered Charity number SC043446 (Scotland) Company number 3623498

CHRISTIAN VISION FOR MEN

A COMPANY LIMITED BY GUARANTEE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

CHRISTIAN VISION FOR MEN

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

CONTENTS

CHRISTIAN VISION FOR MEN

LEGAL AND ADMINISTRATIVE DETAILS

Chairman Mr C Beech
Trustees Mr B T Priestley
Mr E A K Dring
Mr D C Thorpe
Chief Executive Officer Rev N Blackaby
Operations Director Mr S Martin
Registered Office Staveley Methodist Church
Chesterfield Road
Staveley
Derbyshire
S43 3XD
Registered Company Number 3623498
Registered Charity Number
England & Wales 1071663
Scotland SCO43446
Bankers HSBC Bank plc
45 Milsom Street
Bath
BA1 1DU
Lloyds Bank plc
83 High Street
Sevenoaks
TN13 1LG
Auditors Stopfords (Mansfield) Ltd
Synergy House
7 Acorn Business Park
Commercial Gate
Mansfield
Nottinghamshire
NG18 1EX

1

CHRISTIAN VISION FOR MEN

TRUSTEES REPORT for the year ended 31 OCTOBER 2023

The Trustees present their combined report (directors and trustees) and the audited financial statements of the charity for the year ended 31 October 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

Trustees of the charity

The directors of the charitable company are its trustees for the purposes of charity law. The trustees who have served during the year and since the year end were as follows:

Mr B T Priestley Mr E A K Dring Mr D C Thorpe

Power to appoint trustees rests with the board of trustees, by reference to a process defined in the Articles.

Training of new trustees,

CVM recognises the requirement to keep Trustees current in order to best administrate the charity and give help and advice to the Staff team. Training and updates from the charity Commission will be given and circulated as frequently as possible.

Objects of the charitable company

The charitable company is established to bring the Gospel of the Lord Jesus Christ to the men of the United Kingdom. The governing document is a memorandum of association.

Organisation of the charitable company

The charitable company is governed by its Memorandum and Articles of Association issued 28 August 1998. The running of the charitable company is overseen by a board of trustees 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 Chief Executive Officer meets regularly with the Chairman of Trustees. CVM aims to have about five trustees who together bring to the board a selection of competencies such as evangelism, accountancy, human resources and management. The chairman is elected every year at the AGM, and trustees serve for a three-year term, when they may be re-elected by other trustees.

Arrangements for setting pay and remuneration of key management personnel rest with the board of trustees.

The trustees and executive staff manage the charity's finances through a rigorous budgeting and monitoring process. This process begins with the annual budget which is approved by the trustees, which is then monitored against actual outcome on a continual basis and at the regular management meetings with the Chairman.

Fundraising Practices

The charity does not carry out regular significant fundraising activities, with the exception of two appeals, one at Christmas and one during the annual festival The Gathering. CVM has always been blessed by multiple regular generous gifts.

Review of the year

The accounts show a slight drop off in income of circa £36k down to £574k (2022 £611k). A small incremental change in annual giving mixed with a non-material movement in early ticket sales for ‘The Gathering’ is the cause. The Trustees put this down to simply yr-to-yr fluctuations and not a trend. Indeed at the point of this report being written ticket sales are ahead of the previous year & expected to continue.

Inflation uplift continued to add to the cost position for both ‘The Gathering’ event and general expenditure however, as with 2022 year, the board worked very hard to deliver events and overall operations within controlled cost bases in order to mitigate as much risk as possible. CVM’s net deficit for the year (-£6k) was much better than it might have been and going forward other operational costs will be removed over the next financial year leaving the charity to run on a lower fixed cost position without effecting service & delivery.

2

CHRISTIAN VISION FOR MEN

TRUSTEES REPORT (continued) for the year ended 31 OCTOBER 2023

As a consequence cash did reduce, however still with a small buffer of £46k. 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 forward.

A full review of our activities during the year can be found in the trustees annual report.

Plans for the future

A full review of the charitys future plans and strategy can be found in the trustees annual report.

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 Jesus Christ, 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 issues that are primarily a problem with / for men. Violence against women (Restored); working to assist men addicted to pornography (Naked Truth and Covenant Eyes); sponsorship of children across the world (Compassion); encouraging men to volunteer for short term Mission trips abroad (Tear Fund and Mission Direct). This list indicates that CVM works out its 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.

Reserves policy

The trustees policy is to aim to retain sufficient cash and liquid assets to meet commitments in case the charitable company ceases to operate. Wherever possible we would consider this to be 2 months salaries and overheads.

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 minimise the adverse effect of accidental losses upon CVM. The risk management process is vital to the personal health and safety of employees and the safety of the public. In financial terms, it is vital to our ability to pursue our goals, commence and operate programs and events, and to work out our charitable aim in an efficient and professional manner.

3

CHRISTIAN VISION FOR MEN

TRUSTEES REPORT (continued) for the year ended 31 OCTOBER 2023

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:

I. Avoiding exposure to accidental loss by not undertaking events, contracts, or activities where the potential loss is greater than the potential benefit to be derived from these undertakings,

  1. Preventing loss by identifying potential loss exposures and implementing policies and procedures to reduce the risk of these losses occurring,

  2. Controlling losses that do occur by:

  3. a. Developing contingency plans for possible loss scenarios

  4. b. Proper documentation and investigation of losses

  5. Raising the awareness of all Trustee board members, employees, and volunteers concerning risk management within CVM.

These goals and objectives will be accomplished by:

a. Establishing a Risk Management Committee led by the Chief Executive Officer, whose responsibilities will be to implement, monitor, evaluate and revise plans to achieve our goals and objectives,

b. Financial risk management to be monitored on a continual basis by the executive staff and any risks forthcoming to be reported to the chairman of the trustees at the regular meetings with the executive staff,

Trustees responsibilities

The trustees are responsible for preparing 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. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisified that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing those financial statements, the trustees are required to:

Select suitable accounting policies and apply them consistently,

Make judgements and estimates that are reasonable and prudent,

Prepare financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also resonsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.

4

CHRISTIAN VISION FOR MEN

TRUSTEES REPORT (continued) for the year ended 31 OCTOBER 2023

Auditors

A resolution proposing that Stopford Associates Ltd be re-appointed as Auditors of the charity will be put to the Annual General Meeting.

Trustees statement of disclosure to the auditor

We, the directors of the company who held office at the date of approval of these Financial Statements, as set out above, each confirm so far as we are aware, that:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

By order of the board of trustees

……………………………………………………. Ben Priestley (Jul 2, 2024 11:38 GMT+1) Mr B T Priestley Trustee

02/07/24 Date:………………………………………..

5

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 (the ‘charitable company’) for the year ended 31 October 2022 which comprise the Statement of Financial Activities, Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the charitable company’s affairs as at 31 October 2022, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial 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 basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s 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 other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

6

CHRISTIAN VISION FOR MEN

INDEPENDENT AUDITOR’S REPORT (CONTINUED) TO THE TRUSTEES OF CHRISTIAN VISION FOR MEN

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• the information given in the trustees’ report (incorporating the directors’ report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and

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 audit, we have not identified material misstatements in the directors’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 require us to report to you if, in our opinion:

• adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

• the trustees were not entitled to prepare financial statements in accordance with the small companies regime and take advantage of the small companies exemptions in preparing the directors report.

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 4, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud 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 concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with regulations made under those Acts.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

7

CHRISTIAN VISION FOR MEN

INDEPENDENT AUDITOR’S REPORT (CONTINUED) TO THE TRUSTEES OF CHRISTIAN VISION FOR MEN

Extent to which the audit was considered capable of detecting irregularities, including fraud

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

• We obtained an understanding of laws and regulations that affect the charitable company, 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 included the UK Companies Act, Charities and Trustee Investment (Scotland) Act 2005, regulation 8 of the Charities Accounts (Scotland) Regulations 2006, tax legislation and occupational 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 reviewed controls the trustees have in place to ensure compliance.

• We gained an understanding of the controls that the trustees have in place to prevent and detect fraud. We enquired about any incidences of fraud that had taken place during the accounting period.

• The risk of fraud and non-compliance with laws and regulations and fraud was discussed within the audit team and tests were planned and performed to address these risks. We identified the potential for fraud in the following areas: misappropriation of cash and other assets

• We reviewed financial statement disclosures and tested to supporting documentation to assess compliance with relevant laws and regulations discussed above.

• We enquired of the trustees about actual and potential litigation and claims.

• In addressing the risk of fraud due to management override of internal controls we tested 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 to identify any unusual or unexpected relationships that might indicate risk of material misstatement 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-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the charitable company’s trustees, as a body, in accordance with regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company’s members and trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company, the charitable company’s members as a body and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Phillip Nicholson

Phillip Nicholson (Jul 4, 2024 12:01 GMT+1)

Mr Phillip Nicholson (Senior Statutory Auditor) for and on behalf of Stopfords (Mansfield) Ltd Chartered Accountants Statutory Auditor

04/07/24 …............................

Date:

Synergy House 7 Acorn Business Park Commercial Gate Mansfield Nottinghamshire NG18 1EX

8

CHRISTIAN VISION FOR MEN

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 OCTOBER 2023 Including INCOME AND EXPENDITURE Account

Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacies
1
Income from charitable activities
Group subscriptions
Sales of products and publications
Events
Lanzarote timeshare
Speaking income
Other income
Investments
Interest received
Total Income and endowments:
EXPENDITURE ON:
Raising funds:
Cost of products sold
Salary and other costs
1 & 5
Charitable activities
Conference, events & Lanzarote
Gathering event
Other charitable expenditure
1 & 6
Other
Independent Examiner's fees
1 & 7
Total resources expended
2 & 3
Net income/(expenditure) before transfers
Transfers between funds
Net income/(expenditure) after transfers
Balances brought forward at 1 November 2022
Balances carried forward at 31 October 2023		 Unrestricted
Restricted
Total
Total
2023
2023
2023
2022
£
£
£
£
297,154
-
297,154 326,209
18,287
18,287 21,391
8,376
8,376 5,477
247,009
247,009
257,547
-
-
-
3,093
3,093 610
414
-
414
19
327,324
247,009
574,334
611,253
5,592
5,592
3,884
22,372
22,372
23,996
5,764
5,764
2,812
234,631
234,631
217,664
320,400
320,400
309,149
4,740
-
4,740
4,800
358,868
234,631
593,499
562,305
(31,543)
12,378
(19,165)
48,948
12,378
(12,378)
-
-
(19,165)
(19,165)
48,948
5,939
7,052
12,991
(35,957)
(13,226)
7,052
(6,174)
12,991

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

The notes on pages 12 to 18 form part of these financial statements.

9

CHRISTIAN VISION FOR MEN

STATEMENT OF FINANCIAL POSITION as at 31 OCTOBER 2023

Notes
Fixed assets
Intangible fixed assets
8
Tangible fixed assets
9
Current assets
Stock
10
Debtors
11
Bank and cash
Creditors:Amounts falling due within
one year
12a
Net current assets/(liabilities)
Creditors:Amounts falling due in more
than one year
12b
Total assets less current liabilities
Charity funds
Unrestricted
14
Restricted funds
14
Total charity funds		 2023
2022
£
£
£
£
7,052
7,052
4,198
3,889
8,404
10,406
26,651
27,843
45,788
84,195
80,842
122,444
98,267
120,394
(17,424)
2,050
(6,174)
12,991
(6,174)
12,991
(13,226)
5,939
7,052
7,052
(6,174)
12,991

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:

----- Start of picture text -----
Ben Priestley (Jul 2, 2024 11:38 GMT+1) 02/07/24
….....................................................
Mr B T Priestley Trustee
Registered Company Number 3623498
Registered Charity Number
England & Wales 1071663
Scotland SCO43446
----- End of picture text -----

The notes on pages 12 to 18 form part of these financial statements.

10

CHRISTIAN VISION FOR MEN

STATEMENT OF CASHFLOWS for the year ended 31 OCTOBER 2023

Notes
Cash flows from operating activities
Net income/(expenditure)
Adjustments for:
Depreciation of tangible fixed assets
Other interest receivable and similar income
Loss on disposal of tangible fixed assets
Accrued expenses
Changes in:
Stocks
Trade and other debtors
Trade and other creditors
Cash generated from operations
Interest received
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible assets
Proceeds from sale of tangible assets
Net cash from/(used in) investing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
16		 2023
£
(19,165)
2,265
2,003
1,192
(22,127)
(35,833)
(35,833)
(2,574)
(2,574)
(38,407)
84,195
45,788		 2022
£
48,948
1,964
—
1,359
65,170
(68,655)
48,786
48,786
(3,460)
(3,460)
45,326
38,869
84,195

The notes on pages 12 to 18 form part of these financial statements.

11

CHRISTIAN VISION FOR MEN

NOTES TO THE ACCOUNTS for the year ended 31 OCTOBER 2023

1. Accounting policies

a. Basis 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 limited to £10 per member. The registered office is Staveley methodist Church, 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 with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

b. Judgements and key sources of estimation uncertainty

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 associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

c. Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Depreciation

The directors review depreciation rates and useful lives of the tangible fixed assets on an annual basis to ensure the effects of usage, wear and tear or technical obsolescence are reflected in the carrying value of the asset.

Impairment

The directors review fixed assets for indications of impairment in conjunction with review of depreciation above. The company has policies in place to review assets on an ongoing basis.

d. Going concern

These financial statements are prepared on the going concern basis. The trustees have a reasonable expectation that the company will 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 statements and reinforce decision making with forecasting, making allowance for all available information.

The trustees consider that the Charitys main activities are underpinned adequately by donations and income from Charitable actvities. After careful consideration and evaluation of current management information and forecasts they continue to adopt the going concern basis of preparation.

12

CHRISTIAN VISION FOR MEN

NOTES TO THE ACCOUNTS (CONTINUED) for the year ended 31 OCTOBER 2023

e. Financial instruments

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

f. Income

Donations and other forms of voluntary income are recognised within the Accounts when received.

Legacies are accounted for when notified. Income tax recoverable on gifts received is recognised in the period when the gift is received.

Income received in respect of The Gathering is deferred and released at the time of the event.

g. Investment assets and the income arising

Investment income is treated as income when received.

h. Basis of allocation of expenses

Expenses are recognised when incurred and are apportioned where possible exactly to the category to which they relate. In circumstances 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 voluntary income are apportioned by either 3% or 5% and other charitable expenditure by 97% or 95%.

i. Fund raising

These costs are an allocation of expenses incurred.

j. Intangible fixed assets

The charitable company’s interest in a Timeshare in Lanzarote has in excess of 50 years to run. The asset is recognised at cost, no amortisation is provided.

k. Tangible fixed assets

Fixed assets are recognised at cost.

Depreciation is charged on computers and office equipment at a rate of 33% per annum.

Depreciation is charged on motor vehicles at a rate of 33% per annum.

l. Funds accounting

Funds held by the charity are:

(a) Unrestricted general funds - these funds can be used in accordance with the charitable objects at the discretion of the trustees.

(b) Restricted funds - these are funds that can only be used for a particular restricted purpose within the objects of the charitable company. Restrictions arise when specified by the donor when funds are raised for particular purposes.

m. Stock

Stock is stated at lower of cost and net realisable value.

n. Pension costs

The charitable company operates a defined contribution pension scheme. Contributions payable to this scheme are charged to the profit and loss account in the period to which they relate. These contributions are invested separately from the company’s assets.

13

CHRISTIAN VISION FOR MEN

NOTES TO THE ACCOUNTS (CONTINUED) for the year ended 31 OCTOBER 2023

o. Hire purchase agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

2.Income and expenditure account
Is arrived at after charging/(crediting)
Remuneration of trustees
Travelling expenses reimbursed to trustees
Hire purchase interest
Auditors fee (2021 Independent examiner’s fee )
Fees for accounting services
Independent auditor’s fee
3a.Staff costs
Wages and salaries
Social security costs
Pension costs
Other costs
Average number of staff for the year
Average number of staff - based on equivalent full time
Ministry
Support staff
No individual employee had emoluments above £60,000 during the year.		 2023
2022
£
£
-
-
-
-
-
-
4,800
4,800
18,150
19,800
-
-
181,398
175,638
12,446
12,037
4,500
4,483
198,344
192,158
6
7
3
3
3
4
6
7

3b. Trustees' and key management personnel remuneration and expenses

The trustees received no remuneration or reimbursement of expenses during the year.

The total amount of employee benefits received by key management personnel during the year was £86,802 (2022 £90,367).

The Trust considers its key management personnel compromise:

Executive Director Ministry Rev N Blackaby Operations Director Mr S Martin

4. Taxation

The charitable company is exempt from payment of corporation and income tax as it is a registered charity.

14

CHRISTIAN VISION FOR MEN

NOTES TO THE ACCOUNTS (CONTINUED) for the year ended 31 OCTOBER 2023

5.Costs of raising funds
Fund raising costs CAF/Just Giving
Salaries and other employment costs [5%]
Travel costs (5%)
Office costs (5%)
Exhibitions and other publicity
Website and other means of communication (3%)
6.Charitable activities
Salaries and other employment costs (95%)
Consultancy fees (100%)
Travel costs (95%)
Office costs (95%)
Website and other means of communication (97%)
7Analysis of resources expended
Governance costs
Independent auditor’s fee
Independent examiner's fee		 Unrestricted
Restricted
2023
2022
Funds
Funds
Total
Total
£
£
£
£
4,448
-
4,448
4,708
9,917
-
9,917
9,608
1,083
-
1,083
963
2,908
-
2,908
3,136
3,933
3,933
5,482
83
-
83
100
22,372
-
22,372
23,996
Unrestricted
Restricted
2023
2022
Funds
Funds
Total
Total
£
£
£
£
188,428
-
188,428
182,550
53,460
53,460
45,500
20,578
-
20,578
18,303
55,251
-
55,251
59,578
2,683
-
2,683
3,218
320,400
-
320,400
309,149
Unrestricted
Restricted
2023
2022
Funds
Funds
Total
Total
£
£
£
£
-
4,740
-
4,740
4,800
4,740
-
4,740
4,800
8.Intangible fixed assets 2023
2022
£
£
Interest in Timeshare 7,052
7,052

The charitable company has acquired an interest in a Timeshare in Lanzarote for use in connection with its charitable objectives.

15

CHRISTIAN VISION FOR MEN

NOTES TO THE ACCOUNTS (CONTINUED) for the year ended 31 OCTOBER 2023

9. Tangible fixed assets

Cost
At 1 November 2022
Additions
Eliminated on disposal
At 31 October 2023
Depreciation
At 1 November 2022
Charge for the year
Eliminated on disposal
At 31 October 2023
Net book value
At 31 October 2023
At 31 October 2022
There were no outstanding capital commitments at 31 October 2023.
10.Stock
Books, resources, learning materials
11.Debtors
Income tax recoverable re Gift Aid
Prepayments and accrued income
12a.Creditors: Amounts falling due within one year
Loans
Other creditors
Taxation and social security
Trade creditors
Accruals and deferred income		 Motor
Fixtures &
Office
Total
Vehicles
Fittings
Equip'
£
£
£
£
5,300
7,348
61,632
74,280
-
2,574
2,574
-
-
-
-
-
5,300
7,348
64,206
76,854
5,300
6,453
58,638
70,391
-
345
1,920
2,265
-
-
-
-
-
5,300
6,798
60,558
72,656
-
550
3,648
4,198
-
895
2,994
3,889
2023
2022
£
£
8,404
10,406
2023
2022
£
£
4,071
9,177
22,580
18,666
26,651
27,843
2023
2022
£
£
-
-
4,294
4,834
4,406
4,213
15,769
14,636
73,797
96,711
98,267
120,394

16

CHRISTIAN VISION FOR MEN

2023 2022 £ £ - -

NOTES TO THE ACCOUNTS (CONTINUED) for the year ended 31 OCTOBER 2023

12b. Creditors: Amounts falling due in more than one year

Loans

13. Company status

The company is limited by guarantee. The company is also a registered charity.

14. Analysis of charity funds

Unrestricted funds
General fund
Restricted funds
Lanzarote Timeshare
Events
Autumn Conference & Online Gathering		 2022
Income
Expenditure
Transfers
2023
£
£
£
£
£
5,939
327,324
(358,868)
12,378
(13,226)
7,052
7,052
247,009
(234,631)
(12,378)
7,052
247,009
(234,631)
(12,378)
7,052
12,991
574,334
(593,499)
(6,174)

The Lanzarote Timeshare Fund arises from a specific gift made to enable the charitable company to purchase an interest in a Timeshare, which is used to take men’s groups for fellowship and teaching.

Any surplus or deficit for an event hosted during the year is transferred to unrestricted general funds when complete, this may mean funds are transferred to cover deficits.

15. Analysis of Net Liabilities between Funds

Restricted Funds
Unrestricted Funds
Total funds at 31 October 2023		 Intan'
Fixed
Assets
Tangible Fixed
Assets
Net Current
Assets/ Liab'
Creditor
due after 1
year
Total
£
£
£
£
£
7,052
7,052
4,198
(17,424)
(13,226)
7,052
4,198
(17,424)
(6,174)

16. Cash and cash equivalents

Cash and cash equivalents comprise the following:
Cash at bank and in hand		 2023
2022
£
£
45,788
84,195

17. Pensions and other post-retirement benefits

The charity operates a defined contribution pension plan for its employees. The amount recognised as an expense in the period was £4,500 (2022 £4,483).

Where required pension costs are allocated on the same basis as staff costs for the purpose of allocation between restricted and unrestricted funds.

17

CHRISTIAN VISION FOR MEN

NOTES TO THE ACCOUNTS (CONTINUED) for the year ended 31 OCTOBER 2023

18. Deferred income

Deferred income represents visitor tickets and exhibitor bookings in respect of The Autumn Conference and The Gathering events.

At 1 November 2022
Additions during the year
Released to income
At 31 October 2023		 The
The
Gathering Wilderness
£
£
69,322
15,989
170,319
(173,943)
(15,989)
65,698

19. Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023 2022
£ £
Not later than one year 1,622 2,326
Later than one and not later than five years 589 209

20. Related Party Transactions

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 offices which are sublet from The Edge Ministries, a registered charity number 225483, in which operations director Mr Steve Martin is a trustee.

Rent charged during the year was £3,960 (2022 £3,690), other expenses charged amounted to £ nil (2022 £3,500). All transactions were made on commercial terms. £ nil (2022 £5,730) remained owing to The Edge Ministries at the balance sheet date.

18

CVM Final Accounts 2023

Final Audit Report

2024-07-04

Created: 2024-07-02 By: Alastair Weller (al.weller@edgeministries.net) Status: Signed Transaction ID: CBJCHBCAABAA6vBfcr0pNnUo5gESLp9TzXjbJRFhnseB

"CVM Final Accounts 2023" History

Document created by Alastair Weller (al.weller@edgeministries.net)

2024-07-02 - 10:18:01 AM GMT

Document emailed to Ben Priestley (priestleyben@hotmail.com) for signature 2024-07-02 - 10:18:05 AM GMT

2024-07-02 - 10:18:38 AM GMT

Signer Phil Nicolson (phil@stopfords.co.uk) entered name at signing as Phillip Nicholson 2024-07-04 - 11:01:53 AM GMT

Document e-signed by Phillip Nicholson (phil@stopfords.co.uk) Signature Date: 2024-07-04 - 11:01:55 AM GMT - Time Source: server

Agreement completed.

2024-07-04 - 11:01:55 AM GMT