2022-11-30-accounts - Precept Ministries (UK)

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

PRECEPT MINISTRIES UK ANNUAL REPORT - 1 DECEMBER 2021 30 NOVEMBER 2022

Precept Leader Academy Staff and Students and where they are all from November 2022

PRECEPT MINISTRIES UK ANNUAL REPORT 1 DECEMBER 2021 - 30 NOVEMBER 2022

ADMINISTRATIVE DETAILS

Name: Precept Ministries UK Charity Registration Number: 1072938 Our public name is Precept UK, but our official name remains Precept Ministries UK

Address: Church Centre, Dews Road, Salisbury, Wiltshire SP2 7SN UK

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is constituted with a Board of Trustees and one National Director who oversees the running of the Ministry. The office which we rent from a local church is in Salisbury, Wiltshire. We employ 3 full-time staff: Helen Watts (National Director / Trainer); Sharon Goldie (Accounts / Administrator) and Zac Prosser (Marketing and Communications Manager).

New Trustees are appointed by majority vote and are selected because of their professional competence and support for the Ministry work. Precept Ministries UK was set up in 1998 by Charity Trust Deed.

Routine decisions are made by the UK National Director. Major decisions about strategy, fundraising, staff recruitment and out-of-the ordinary staff matters (e.g. disciplinary) are decided corporately by Trustees in conjunction with the National Director. The Ministry is affiliated to Precept Ministries International based in Chattanooga, Tennessee, USA.

FINANCIAL REVIEW

The Ministry’s principle funding sources are voluntary donations and the sale of inductive Bible study resources with a loss being made this Financial Year of £1,734.17. The Ministry continues to take practical steps to tighten internal financial controls in line with the Charity Commission guidelines (CC8 Jul 12).

A reserves policy of 3 months’ operating costs is in place and is monitored by the office and Trustees on an annual basis. Total sales (less discounts) for the year were £26,974 (a reduction on last year of 9%). Total donations were £66,330 (a 4% reduction on last year) . In addition to one-off gifts, 137 people regularly financially support us through standing orders or direct debits (a reduction of 7% on last year).

In addition to the regular donations received, an appeal was run during the financial year to raise funds for Ukrainian refugees to provide them with Precept resources in their own language (both Ukrainian and Russian).

A total of £32,299,02 was raised and £31,591,31 was sent (with Trustee approval) to our sister organisation, Precept Moldova. So far, £433.01 has been spent within the UK providing free Precept resources to Ukrainian refugees in the UK. The remainder (£274.70) is carried forward to next Financial Year to continue providing resources within the UK, when needed. The funding is held on the Balance Sheet as it is Restricted. Further information is given later in this Report.

FUNDS HELD AS CUSTODIAN TRUSTEE ON BEHALF OF OTHERS

We have no funds held as custodian trustee on behalf of others.

PUBLIC BENEFIT STATEMENT

We confirm we have complied with our duties and obligations regarding public benefit.

OBJECTIVES AND ACTIVITIES

Precept Ministries UK equips all people with engaging and practical tools to study the Bible, so they know God better and are transformed into the likeness of Christ. As people engage with the Bible in this way, lives are transformed as the Word of God works in people’s hearts and minds. We encourage and facilitate training within the whole church as the Body of Jesus Christ, irrespective of denomination, race or background and supply inductive Bible study resources.

We aim to help re-establish the authority of the Word of God in our nation.

MISSION, VISION AND VALUES

Our Mission is: ‘Engaging people in relationship with God through knowing His Word’

Our Vision is: ‘Every believer in Christ living out God’s Word every day’

PRECEPT MINISTRIES UK CORE VALUES

Our values determine decisions and behaviour: Truth, Unity, Service, Excellence and Innovation.

ACHIEVEMENTS AND PERFORMANCE

Introduction

As the year has unfolded the impact of the COVID-19 global pandemic has waned somewhat, however, war in Ukraine has dominated international news. This provided a spur for a brief fundraising campaign in which £32,299 was raised to provide Precept Bible study materials for Ukrainian refugees (see below).

Our training has been focussed mainly online although there have been a number of in-person training events, including to Moorlands Bible College, New Malden Baptist Church, an in-person men’s study in Salisbury, to name a few.

Our social media presence has continued to grow and we now have 1,900 followers on our YouTube channel, up from 1,430 a year ago and 1,000 two years ago.

One staff member has worked most days in the office and the other 2 staff members have continued with working mostly three days per week from home and in the office for the other two.

Young Lives Impacted

Precept continues to have a huge impact on lives across the UK. One example is of Joseph (photo to right) who has been studying Matthew’s gospel 5-6 times a week for his O level course work.

“ I enjoy it. I see a lot more detail. I know Matthew’s gospel better than I did before ” says Joseph .

His parents love to see him making new connections in the Word that he has never seen before.

Training Across the Ages

The youth study we started last year on Monday evenings on zoom has continued. The youth have grown in confidence and ability and are seeing the real benefits of slowing down to really see what the Bible says. Ewan , ( photo to the right ) has also attended additional training which he said has benefitted him even more.

Ukraine

Shortly after the war started in Ukraine on 24 February 2022, we put out an appeal for funds to pay for Precept Bible study books to be given for free to refugees. We had a tremendous response and as a result the Precept Moldovan team were able to print and give out, at no charge, thousands of books to those in need of spiritual encouragement across Europe. Some books were also given at no cost to refugees in the UK.

Other training workshops included training leaders how to study books of the Bible using the New Inductive Study Series (NISS), Precept Upon Precept (PUP) series and 40 Minute series. We also led Easter and Christmas taster “discovery” sessions which were attended by 110 people.

Our monthly men’s study has continued to meet (photos above) in a hybrid model, attracting some 25 guys, including one gentleman from South Africa. It has been exciting to see 2 men’s groups from other churches join as well.

Regular meetings took place for Precept Bible study group leaders , who we encouraged to share stories of the impact of studying God’s word together.

Fliss (photo to the right) commented:

“ There is a foreign lady (in her 30s) in my church. She does not speak English. I have been able to get her the 40 Minute ‘Being a Disciple’ book in her own language which she has loved. On hearing that the church was having a baptism service she decided to be baptised. I will continue to help her in her walk with Jesus .”

Fortnightly Precept Upon Precept (PUP) studies have continued

throughout the year, attracting people from across the UK and also Canada. We studied 2 Peter, Ezra/Haggai and Zechariah.

Precept Bible School

(PBS). We offered three new courses on our Bible School this year (Joel, 2 Peter and Lamentations). We had people join from many places – see photo below for attendance at the Joel PBS in February:

This was Bev’s ( photo to right ) first PBS and she commented:

“ It was fab. So helpful to be guided through Joel and learn with others. Slowing down and reading/re-reading the verses to see the key words and themes brings the word alive. The message of Joel was just what I needed to hear God say "return to me wholeheartedly" and it has helped God's word become alive. It was really well done.. ’

Church and Bible College Visits

We have conducted in-person training at different churches (New Malden Baptist, Headley Park Baptist, Christchurch Community Church) and at Moorlands Bible College for the first time since the COVID pandemic. All trainings were very positively received and well over 150 people were reached through this training.

Photos to the right show Pastor Neil of Headley Park Baptist Church in Bristol in September and Molly Watts at New Malden Baptist in London in May. The photo below is of the training which took place at Headley Park Baptist.

Precept Leader Academy (PLA)

We ran the PLA as a UK-wide course with 24 students and 4 who led the training. The goals of the PLA are below:

To raise up competent Bible study leaders
Competent in Precept’s inductive Bible study method
Competent to lead others
o Competent to raise up new leaders
To identify potential Precept Trainers
To equip people to study and lead each type of Precept study in order for people to know God deeply and live differently.

A map of where attendees came from is below. In total there were 28 of us, 4 from N Ireland, 7 from Scotland and 17 from England/Wales. The course was overwhelmingly well received.

Testimonies received following the PLA included comments such as:

“
- It was really spot on for me ”
“
- This has done me much good.”
“I found all the sessions really beneficial .”
“
- It helped reinforce my faith in God.”
“It refreshed my own spirit.”
“It met my need for a deeper relationship with the Lord.”
“It was a really practical.”
“The topic was so relevant to various issues in today’s church.”
“It's actually hard to pick out the best/most beneficial bits as the whole thing was great.”

Administration

Precept UK could not operate were it not for Sharon who works from the office most days. She has many vital administrative roles and completes them all in a totally professional manner.

This year she has despatched over 2,955 books, printed hundreds of Precept studies, kept accounts meticulously, written our weekly Prayer Bulletin, answered people’s queries on the phone and by email, actively participated in our staff Precept Upon Precept studies to name a few of her responsibilities.

Sharon had dealt with sales to the following countries: Germany, Greece, Jamaica, Japan, Latvia, Liechtenstein, Moldova, Netherlands, Northern Ireland, Norway, Portugal, Republic of Ireland, Scotland, Singapore, Spain, Switzerland and the US and downloads from Australia, Austria, Canada, Finland, Iceland, Latvia, Leichenstein, Malaysia, Netherlands, Northern Ireland, Portugal Scotland, South Africa, Ukraine, United Arab Emirates and the USA. See the red dots on the map below for a visual representation of these countries on a world map. God is using Sharon’s gifts to grow His kingdom.

Social Media / Marketing / Communications

Zac has continued to work tirelessly reaching out to constituents across a wide variety of social media platforms. Our YouTube subscribers have increased, through his efforts from 1,430 followers in 2021 to over 1,900 is 2022.

For our videos, we have had some 82,200 views and 3,100 hours watched.

One feedback we received was as follows:

“ I am grateful to the two of you for these videos, I don't have to go through this book alone. It's just like having an in person study and I have you both to study and learn with...Thank you and God bless you. ”

Further testimonies that we have received on social media include:

Diana: “ I found out about Precept through watching YouTube videos about Bible journaling, but it was not until I attended a Precept Bible School but the full impact of this method of study hit me it has transformed my relationship with God and I now have such a desire to meet God in his word. A truly life changing experience. ”

Joanna said, “ What I find so encouraging is the method used in seeking out the information for yourself. It really benefits me as it helps me to retain the information a lot easier. ”

The Bible and Me Podcast. This year we released 12 podcast interviews. Interviews released were from Andrew Blackler, Dave Brennan, David Jackman, Helen Hender, James Davies, Jeremy Marshall, John Yianni, Patrick Regan OBE, Peter Gilbert, Reverend Jon Mackenzie, Richard Borgonon and Ruth O’Reilly-Smith. To date there have been over 21,000 downloads of the podcast. Zac collates these interviews and makes them available across podcast platforms. Photographs of those who were interviewed this year with podcasts released are below. Zac’s skills have been by God to reach people across the globe.

The Bible and Me podcast interviews 2022 - From L to R and top to bottom:

Andrew Blackler, Dave Brennan, David Jackman, Helen Hender, James Davies, Jeremy Marshall, John Yianni, Patrick Regan OBE, Peter Gilbert, Reverend Jon Mackenzie, Richard Borgonon and Ruth O’Reilly-Smith.

GOING FORWARD

Other goals looking forward include:

Run three more Precept Bible School courses
Run two Precept Leader Academy courses
Putting PUP courses online
Creating more film content for constituents
Refining and enhancing certain administrative processes

Precept UK Office Staff Nigel, Zac, Molly and Sharon

Lastly, we receive feedback often from those who do our studies. To end, we wanted to share just two of these. The first is from Quintin who did our study on Daniel. The second is from Lorna, a minister’s wife.

Quintin wrote:

“ This study has literally changed my life . I have not been able to think about anything else for four months. Daniel’s life was an example for believers today. I have realised how single minded I need to be when choosing the way of God…

It was like a light went on, that I really needed to be a man of insight, and to become that, I needed to study the Word of God. By doing this, I would be able to disciple others.”

Lorna wrote:

“ We are studying NISS “God’s Love Alive in You” – on 1,2 and 3 John. It has been wonderful. The conversations and the understanding that people have had has been a joy . The Word is changing their mindset. They love the study. They are so faithful, every week to come. We have a diverse group of people but each one is growing . I can see it in the way they relate to each other. One lady now sees a need in others and quietly and anonymously meets that need – it is so wonderful to see. They are using the skills I have taught them and are now much more able to connect Scripture with Scripture.

I have recently been appointed Chair of Governors in my local school. The Word of God has empowered me in my work as Chair of Governors . We had a difficult situation and because I was in the Word, I was able to take it and use it in this circumstance and a disaster was averted. God gave me a love for the other people and directed me to regaining unity as a board of governors. A board member was amazed how it all turned out. Glory to God . ’

ADDITIONAL REFERENCE AND ADMINISTRATIVE MATTERS

The day-to-day management has been delegated by the Trustees to Helen Watts (National Director, also known as ‘Molly’). Rawlence and Browne provide payroll services, and Clifford Fry and Co LLP are providing the Independent Examination service. The Charity did not experience any serious incidents during the year that should have been brought to their, or the Charity Commission’s, attention.

Below are pie charts for income and expenditure for the FY 2021/2022:

NAMES OF THE CHARITY TRUSTEES WHO MANAGE THE CHARITY

	NAMES OF THE CHARITY TRUSTEES	WHO MANAGE THE CHARI
	Trustee Name	*Dates acted(if not for* whole year)**
1	Mr Nigel Watts - Chair
2	Mr John Butterworth
3	Mr Rob Guinney
4	Mrs Jane Guinney
5	Mr Nic Arkley

The Trustees declare that they have approved the Trustees Report above

	1	2
Signature(s)	Original Signed	NJI Watts
Full Name(s)	Nigel John Iremonger Watts
Position_(e.g. Chair)_	Chair
Date	DATE	1 March 2023

	PRECEPT MINISTRIES UK	PRECEPT MINISTRIES UK	PRECEPT MINISTRIES UK	Charity No:	1072938	*CC17* *(FRS102)*
	Annual Accounts for theperiod
	Period start date	01/12/2021	To	Period end date	30/11/2022

Section A	Statement of Financial Activities
Recommended categories by activity Guidance Notes Incoming resources (Note 3) Income and endowments from: Donations and legacies S01 Charitable activities S02 Other trading activities S03 Investments S04 Separate material item of income S05 Other S06 S07 Resources expended (Note 6) Expenditure on: Raising funds S08 Charitable activities S09 Separate material item of expense S10 Other S11 S12 S13 Net gains/(losses) on investments S14 S15 Extraordinary items S16 S17 S18 Other gains/(losses) S19 S20 *Reconciliation of funds:* S21 S22 *Total* *Net movement in funds* Total funds brought forward Total funds carried forward *Total* Net income/(expenditure) before investment gains/(losses) Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use		Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05
		66,330	-	-	66,330	69,374
		26,974	32,299	-	59,273	29,122
		3,382	-	-	3,382	3,275
		54	-		54	4
		-	-	-	-	-
		138	-	-	138	34
		96,878	32,299	-	129,177	101,809

		15,173	-	-	15,173	16,699
		83,714	32,024	-	115,738	79,780
		-	-	-	-	-
		-	-	-	-	1
		98,887	32,024	-	130,911	96,480

		2,009 -	275	-	1,734 -	5,329
		-	-	-	-	-
		2,009 -	275	-	1,734 -	5,329
		-	-	-	-	-
		-	-	-	-	-

		-	-	-	-	-
		-	-	-	-	-
		2,009 -	275	-	1,734 -	5,329


		72,754	-	-	72,754	67,425
		70,745	275	-	71,020	72,754

Section B Balance Sheet

Fixed assets Intangible assets (Note 15) Tangible assets (Note 14) Heritage assets (Note 16) Investments (Note 17) *Total fixed assets* Current assets Stocks (Note 18) Debtors (Note 19) Investments (Note 17.4) Cash at bank and in hand (Note 24) *Total current assets* Creditors: amounts falling due within one year (Note 20) *Net current assets/(liabilities)* *Total assets less current liabilities* Creditors: amounts falling due after one year (Note 20) Provisions for liabilities *Total net assets or liabilities* Funds of the Charity Endowment funds (Note 27) Restricted income funds (Note 27) Unrestricted funds Revaluation reserve *Total funds*	Guidance Notes B01 B02 B03 B04 B05 B06 B07 B08 B09 B10 B11 B12 B13 B14 B15 B16 B17 B18 B19 B20 B21	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05
		-	-	-	-	-
		4,160	-	-	4,160	6,023
		-	-	-	-	-
		-	-	-	-	-
		4,160	-	-	4,160	6,023

		15,712	-	-	15,712	13,275
		308	-	-	308	1,313
		-	-	-	-	-
		52,708	275	-	52,983	55,075
		68,728	275	-	69,003	69,663

		2,143	-	-	2,143	2,932

		66,585	275	-	66,860	66,731

		70,745	275	-	71,020	72,754

		-	-	-	-	-
		-	-	-	-	-

		70,745	275	-	71,020	72,754

		-	-	-	-	-
		-	275		275	-
		70,745	-	-	70,745	72,754
					-
		70,745	275	-	71,020	72,754

Signed by one or two trustees on behalf of all the trustees		Signature		Print Name		Date of approval dd/mm/yyyy
	Original Signed			NJI Watts		14.2.23

CC17a (Excel)

14/02/2023

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities • and with  preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 the Financial Reporting Standard applicable in the United Kingdom and Republic of • and with  Ireland (FRS 102)

and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*



* Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support the conclusion that the charity is a going concern;

Disclosure of any uncertainties that make the going concern assumption doubtful;

Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

There is no threat of liquidation within 12 months. The charity declares its intention to keep running its activities at least for the next year and to prepare financial statements accordingly.

Not applicable

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in notes 2.2 and 2.3.

Yes No

 * Tick as appropriate

CC17a (Excel)

14/02/2023

Please disclose:

*Please disclose:*
*(i) the nature of the change inaccounting policy;*	Not applicable
*(ii) the reasons why applying the new accounting policy* *provides more reliable and more relevant information;* *and*	Not applicable
*(iii) the amount of the adjustment for each line affected* *in the current period, each prior period presented and* *the aggregate amount of the adjustment relating to* *periods before those presented, 3.44 FRS 102 SORP.*	Not applicable

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

Yes  * Tick as appropriate No

Please disclose:

*Please disclose:*
*(i) the nature of any changes;*	Not applicable
*(ii) the effect of the change on income and expense or* *assets and liabilities for the currentperiod; and*	Not applicable
*(iii) where practicable, the effect of the change in one or* *more futureperiods.*	Not applicable

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes  No *Please disclose:*	* Tick as appropriate	* Tick as appropriate


*(i) the nature of the prior*	*period error;*	Not applicable
*(ii) for each prior period presented in the accounts, the* *amount of the correction for each account line item* *affected; and*		Not applicable
*(iii) the amount of the correction at the beginning of the* *earliestpriorperiodpresented in the accounts.*		Not applicable

CC17a (Excel)

14/02/2023

Section C Notes to the accounts (cont)

Note 2 Accounting policies

Please complete this note when first reporting under FRS102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable.

2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE

Please provide a description of the nature of each change None in accounting policy Start of End of period period £ £

Reconcilation of funds per previous GAAP to funds determined under FRS 102

Fund balances as previously stated Adjustments:

Fund balance as restated

Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS102

End of period £ Net income/(expenditure) as previously stated Adjustments:

Previous period net income/(expenditure) as restated

CC17a (Excel)

14/02/2023

Section C Notes to the accounts (cont)

Note 2 Accounting policies

2.2 INCOME

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

Yes No N/a	Yes No N/a	Yes No N/a

Yes No N/a

Yes No N/a

Yes No N/a
		
Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
		
Yes No N/a
		
Yes No N/a
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Yes No N/a
		
Yes No N/a

Yes No N/a

Yes No N/a
		
Yes No N/a
		

	Yes No N/a	Yes No N/a	Yes No N/a
	
	Yes No N/a
			
	Yes No N/a
	
	Yes No N/a
	
	Yes No N/a
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	Yes No N/a
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	Yes No N/a
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	Yes No N/a
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	Yes No N/a
		
	Yes No N/a
	
	Yes No N/a
	
	Yes No N/a
			
	Yes No N/a
£100

	
	Yes No N/a
		
	Yes No N/a
			
	Yes No N/a
		
	Yes No N/a
			
	Yes No N/a
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	Yes No N/a
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	Yes No N/a
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	Yes No N/a
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	Yes No N/a
			
	Yes No N/a

	recognition at settlement amount after any trade discounts or amount advanced by the
	charity. Subsequently, they are measured at the cash or other consideration expected
	to be received.
Current asset	The charity has investments which it holds for resale or pending their sale and cash and
investments	cash equivalents with a maturity date less than one year. These include cash on deposit
	and cash equivalents with a maturity date of less than one year held for investment
	purposes rather than to meet short term cash commitments as they fall due.
	They are valued at fair value except where they qualify as basic financial instruments.


Yes No N/a
	
Yes No N/a
		

POLICIES ADOPTED ADDITIONAL TO, OR DIFFERENT FROM, THOSE ABOVE	Not applicable

Section C Notes to the accounts (cont)

Note 3 Analysis of income

Note 3	Analysis of income	Analysis of income	Analysis of income	Analysis of income	Analysis of income	Analysis of income
TOTAL INCO Other: Other trading activities: Income from investments: Separate material item of income: Donations and legacies: Charitable activities:	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis
	Donations and gifts	57,027		-	57,027	59,087
	Gift Aid	9,303	-	-	9,303	10,287
	Legacies	-	-	-	-	-
	General grants provided by government / othercharities	-	-	-	-	-
	Membership subscriptions and sponsorships which are in substance donations	-	-	-	-	-
	Donatedgoods,facilities and services	-	-	-	-	-
	Other	-	-	-	-	-
	Total	66,330	-	-	66,330	69,374

	Sale of books, CDs, DVDs and other items	26,974	-	-	26,974	29,122
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	26,974	-	-	26,974	29,122

	Conference / Workshop Fees	3,382	-	-	3,382	3,275
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	3,382	-	-	3,382	3,275

	Interest income	54	-	-	54	4
	Dividend income	-	-	-	-	-
	Rental and leasing income	-	-	-	-	-
	Other	-	-	-	-	-
	Total	54	-	-	54	4

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	-	-	-	-	-

	Conversion of endowment funds into income	-	-	-	-	-
	Gain on disposal of a tangible fixed asset heldforcharity's ownuse	-	-	-	-	-
	Gain on disposal of a programme related investment	-	-	-	-	-
	Royalties from the exploitation of intellectual propertyrights	-	-	-	-	-
	Other	138	-	-	138	34
	Total ME	138	-	-	138	34
		96,878	-	-	96,878	101,809

Other information:

All income in the prior year was unrestricted except for: (please Not applicable provide description and amounts) Where any endowment fund is converted into income in the Not applicable reporting period, please give the reason for the conversion. Within the income items above the following items are material: (please disclose the nature, amount and any prior N/A

Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)

CC17a (Excel)

14/02/2023

Section C Notes to the accounts (cont)

Note 4 Analysis of receipts of government grants

Note 4 Analysis of receipts of government grants	eceipts of government grants
Government grant 1 Not applicable Government grant 2 Government grant 3 Other Total *Please provide details of any unfulfilled conditions and other* *contingencies attaching to grants that have been recognised in* *income.* *Please give details of other forms of government assistance from* *which the charity has directly benefited.* Description	Description	This year Last year £ £
	Not applicable	-	-
		-	-
		-	-
		-	-
		-	-

		Not applicable

		Not applicable

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Section C Notes to the accounts (cont)

Note 5 Donated goods, facilities and services

Seconded staff Use of property Other		This year Last year £ £	This year Last year £ £
		-	-
		-	-
		-	-
		-	-

Please provide details of the accounting policy for the recognition and valuation of donated goods, facilities and services.	Not applicable
Please provide details of any unfulfilled conditions and other contingencies attaching to resources from donated goods and services not recognised in income. Please give details of other forms of other donated goods and services not recognised in the accounts, eg contribution of unpaid volunteers.
	Not applicable

	Mr Nigel Watts is a voluteer PUK Director There are other volunteers that help the ministry from running training to helping man a book stand at an event, when they are held (there have not been anythisyear).

CC17a (Excel)

14/02/2023

Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

Analysis	Unrestricted funds Restricted income funds Endowment funds Total funds £ Prior year £	Unrestricted funds Restricted income funds Endowment funds Total funds £ Prior year £	Unrestricted funds Restricted income funds Endowment funds Total funds £ Prior year £	Unrestricted funds Restricted income funds Endowment funds Total funds £ Prior year £	Unrestricted funds Restricted income funds Endowment funds Total funds £ Prior year £
Incurred seeking donations	-	-	-	-	-
Incurred seekinglegacies	-	-	-	-	-
Incurred seeking grants	-	-	-	-	-
Operating membership schemes and social lotteries	-	-	-	-	-
Stagingfundraising events	-	-	-	-	-
Fundraising agents	-	-	-	-	-
Operating charity shops	-	-	-	-	-
Operating atrading company	-	-	-	-	-
Advertising, marketing, direct mail and publicity	-	-	-	-	-
Start up costs incurred in generating new source of future income	-	-	-	-	-
Database developmentcosts	-	-	-	-	-
Other trading activities	15,173	-	-	15,173	16,699
Investment managementcosts:	-	-	-	-	-
Portfolio management costs	-	-	-	-	-
Cost of obtaininginvestment advice	-	-	-	-	-
Investment administration costs	-	-	-	-	-
Intellectualpropertylicencingcosts	-	-	-	-	-
Rent collection, property repairs and maintenance charges	-	-	-	-	-
Total expenditure on raising funds	15,173	-	-	15,173	16,699

Conferences/Workshops	487	-	-	487	663
Salary Costs	63,698	-	-	63,698	60,375
CharitableActivities Costs	19,025	-	-	19,025	18,310
Independent Examination Fee	504	-	-	504	432
Total expenditure on charitable activities	83,714	-	-	83,714	79,780

	-	-	-	-	-
	-	-	-	-	-
Total material item of expense	-	-	-	-	-

Rounding adjustment	-	-	-	-	1
	-	-	-	-	-
URE Total other expenditure	-	-	-	-	1
	98,887	-	-	98,887	96,480

Other information (Analysis of expenditure on charitable activities):

Activity or programme	Activities undertaken directly	Grant funding of activities	Support Costs	Total this year	*Total* *prior year*
	£	£	£	£	£
Activity1
Activity2
Other
Total
Within the expenditure items above the following items are material: (please disclose the nature, amount and any prior year amounts) Prior year expenditure on charitable activities can be analysed as follows:
	Not applicable

	Not applicable

CC17a (Excel)

14/02/2023

Section C Notes to the accounts (cont)

Note 7 Extraordinary items

Please explain the nature of each extraordinary item occurring in the period.

*period.*
Extraordinary item 1 Not applicable Extraordinary item 2 Extraordinary item 3 Extraordinary item 4 Total extrordinary items Description	Description	This year Last year £ £
	Not applicable	-	-

		-	-
		-	-
		-	-

		-	-
		-	-

CC17a (Excel)

14/02/2023

Section C Notes to the accounts (cont)

Note 8 Funds received as agent

8.1 Please complete this note if the charity has agreed to administer the funds of another entity as its agent. Note: If a charity is acting as an agent, it should not recognise the income in the Statement of Financial Activities or the Balance Sheet.

*Financial Activities or the Balance Sheet.*	*Financial Activities or the Balance Sheet.*
		Amount received		Amount paid out		Balance held at period end
Description/name of party	Related party (Yes or No)	This year	Last year	This year	Last year	This year	Last year
		£	£	£	£	£	£
Not applicable		-	-	-	-	-	-
		-	-	-	-	-	-
		-	-	-	-	-	-
		-	-	-	-	-	-
		-	-	-	-	-	-
Total		-	-	-	-	-	-

8.2 Where a consortia or similar arrangement exists whereby 2 or more charities co-operate to achieve economies in the purchase of goods or services, please discose details of any balances outstanding between any participating members.

*between any participating members.*
Description/name of party	Balance held at period end
	Thisyear	Lastyear
	£	£
	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

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14/02/2023

Section C Notes to the accounts (cont

Note 9 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

*costs.*
Support cost	Raising funds £	Activity 1 £	Activity 2 £	Activity 3 £	Grand total £	Basis of allocation
						(Describe method)
Not applicable	-	-		-	-
	-	-		-	-
	-	-		-	-
	-	-		-	-
	-	-		-	-
Total	-	-		-	-

Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.

CC17a (Excel)

14/02/2023

Section C Notes to the accounts (cont

Note 10 Details of certain items of expenditure

10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

*Please provide details of the amount paid for any statutory external scrutiny of* *accounts and other services provided by your independent examiner. If nothing* *was paid please enter '0' in the appropriate box(es).* 10.1 Fees for examination of the accounts
Other fees (for example: financial advice, consultancy, accountancy services paid to the independent examiner) Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees	This year £	Last year £
	540	480
	-	-
	-	-
	-	-

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14/02/2023

Section C Notes to the accounts (cont)

Note 11 Paid employees

Please complete this note if the charity has any employees.

*Please give details of the number of employees whose total* *employee benefits (excluding employer pension costs) fell within* *each band of £10,000 from £60,000 upwards. If there are no such* *transactions, please enter 'true' in the box provided.* No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000 Social security costs Other employee benefits Total staff costs Pension costs (defined contribution scheme) Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party Salaries and wages 11.1 Staff Costs
	Thisyear £	Lastyear £
	64,402	61,221
	807	586
	-	-
	-	-
	65,209	61,807

	None

	TRUE
	TRUE

Band	Number of employees
£60,000 to £69,999	0
£70,000 to £79,999	0
£80,000 to £89,999	0
£90,000 to £99,999	0
£100,000 to £109,999	0
Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity
	Mrs Helen Watts (National Director) £23,326 (gross)

	This year Number	Last year Number
Fundraising	0.11	0.11
Charitable Activities	2.64	2.64
Governance	0.25	0.25
Other	-	-
Total	3.00	3.00
Not applicable

Not applicable

Not applicable

Not applicable

CC17a (Excel)

14/02/2023

Section C Notes to the accounts (cont)

Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.

12.1 Please complete this note if a defined contribution pension scheme is operated.

Amount of contributions recognised in Not applicable the SOFA as an expense Please explain the basis for allocating the liability and expense of defined All eligible employees were offered the new statutory workplace contribution pension scheme between pension. PUK opted to use NEST, however, all eligible employees activities and between restricted and opted out of the scheme. unrestricted funds.

12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.

Please confirm that altough the scheme is accounted for as a defined Not applicable contribution plan, it is a defined benefit plan. Please provide such information as is available about the plan's surplus or Not applicable deficit and the implications, if any, for the reporting charity

12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.

Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms Not applicable and conditions of the multi-employer plan

CC17a (Excel)

14/02/2023

Section C Notes to the accounts (cont)

Note 13 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

13.1 Analysis of grants paid (included in cost of charitable activities)

Analysis	Grants to institutions	Grants to individuals	Support costs	Total
Activityorproject 1	Not applicable		£	£
Activityorproject 2			-	-
Activityorproject 3			-	-
Activityorproject 4			-	-
*Total*	-	-	-	-

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.2 Grants made to institutions

13.2 Grants made to institutions	13.2 Grants made to institutions
*My charity has made grants to particular institutions that are* *material in the context of its grantmaking. Details of the institution* *supported, purpose of the grant and total paid to each institution is* *available on the charity's web site.*			*Please provide* *details of charity's* *URL*
		No	*Provide details* *below*

Names of institution	Purpose		Total amount of grantspaid £
Notapplicable			-
			-
			-
*TOTAL GRANTS PAID* *Other unanalysed grants* *Total grants to institutions in reporting period*			-
			-
			-

CC17a (Excel)

14/02/2023

Section C Notes to the accounts (cont)

Note 14 Tangible fixed assets

Please complete this note if the charity has any tangible fixed assets 14.1 Cost or valuation

Freehold land & buildings £	Other land & buildings £	Plant, machinery and motor vehicles £	Fixtures, fittings and equipment £	Total £
-	-	29,285	23,289	52,574
-	-	-	390	390
-	-	-	-	-
-	-	-	- 3,686	- 3,686
-	-	-	-	-
-	-	29,285	19,993	49,278

14.2 Depreciation and impairments

SL	SL	SL	SL
		5 years / fully depreciated	5 years
- - 29,285 17,266 46,551 - - - - 3,686 - 3,686 - - - 2,253 2,253 - - - - - - - - - - - - 29,285 15,833 45,118 - - - 6,023 6,023 - - - 4,160 4,160
-	-	-	6,023	6,023
-	-	-	4,160	4,160

14.4 Impairment

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

Not applicable

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14.5 Revaluation

If an accounting policy of revaluation is adopted, please provide: the effective date of the revaluation Not applicable the name of independent valuer, if applicable Not applicable the methods applied and significant Not applicable assumptions the carrying amount that would have been recognised had the assets been carried under Not applicable the cost model.

14.6 Other disclosures

(i) Please state the amount of borrowing costs, if any, capitalised in the construction of tangible fixed assets and the capitalisation rate used. (ii) Please provide the amount of contractual commitments for the acquisition of tangible fixed assets. (iii) Details of the existence and carrying amounts of property, plant and equipment to which the charity has restricted title or that are pledged as security for liabilities.

None None None

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

CC17a (Excel)

14/02/2023

Section C Notes to the accounts (cont)

Note 15 Intangible assets

Please complete this note if the charity has any intangible assets

15.1 Cost or valuation

15.1 Cost or valuation	15.1 Cost or valuation	15.1 Cost or valuation	15.1 Cost or valuation	15.1 Cost or valuation	15.1 Cost or valuation
Research & development Patents and trademarks Other Total £ £ £ £ At beginning of the year - - - - Additions - - - - Disposals - - - - Revaluations - - - - Transfers - - - - At end of the year - - - - Basis* Straight Line ("SL") or Reducing Balance ("RB") Rate At beginning of the year - - - - Disposals - - - - Amortisation - - - - Impairment - - - - Transfers - - - - At end of year - - - - Nat book value at the beginning of the year - - - - Net book value at the end of the year - - - - 15.2 Amortisation and impairments 15.3 Net book value*
					Straight Line ("SL") or Reducing Balance ("RB")

	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
	-	-	-	-
	-	-	-	-

15.4 Accounting policy Please disclose the accounting policy for intangible fixed assets including: Reasons for choosing Not applicable amortisation rates Policies for the recognition of any Not applicable capital development

15.5 Impairment

Please provide a description of the events and circumstances that led to the recognition or Not applicable reversal of an impairment loss.

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15.6 Revaluation

15.7 Other disclosures *(iii) Please provide the amount of contractual* *commitments for the acquisition of intangible* *assets.* *If an accounting policy of revaluation is adopted,* *the carrying amount that would have been* *recognised had the assets been carried under* *the cost model.* *the effective date of the revaluation* *(iv) State the amount of research and* *development expenditure recognised as* *expenditure in the year.* *(vi) Please detail the headings in the SOFA in* *which a charge for amortisation of intangible* *assets is included.* *the name of independent valuer, if applicable* *the methods applied* *(vii) For any material intangible assets, please* *provide a description, its carrying amount and* *any remaining amortisation period.* *(i) If your intangible asset was acquired by way* *of grant, provide value on initial recognition and* *carrying amount of the asset.* *(ii) Details of the carrying amounts of any* *intangible assets to which the charity has* *restricted title or that are pledged as security for* *liabilities.*	*please provide:*
	Not applicable
	Not applicable
	Not applicable
	Not applicable

	Not applicable
	Not applicable
	Not applicable
	Not applicable
	Not applicable
	Not applicable

* The "transfers" row is for movements between fixed asset categories.

CC17a (Excel)

14/02/2023

Section C Notes to the accounts (cont)

Note 16 Heritage assets Please complete this note if the charity has heritage assets

16.1 General disclosures for all charities holding heritage assets

(i) Explain the nature and scale of heritage assets held.

Not applicable

(ii) Explain the policy for the acquisition, preservation, management and disposal of heritage assets.

16.2 Cost or valuation

Heritage asset 1 £	Heritage asset 2 £	Heritage asset 3 £	Heritage asset 4 £	Total £
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

16.3 Depreciation and impairments



- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

16.4 Net book value

Nat book value at the beginning of the year - - - - - Net book value at the end of the year - - - - -

16.5 Impairment

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

16.6 Revaluation

If an accounting policy of revaluation is adopted, please provide: the effective date of the revaluation

the name of independent valuer, if applicable qualifications of independent valuer the methods applied and significant assumptions any significant limitations on the valuation

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16.7 Analysis of heritage assets by class or group distinguishing those at cost and those at valuation

At valuation Group A £	At cost Group B £	Total £
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-

16.8 Heritage assets (where heritage assets are not recoignised on the balance sheet)

(i) Explain the reason why heritage Not applicable assets have not been recognised on the balance sheet. (ii) Describe the significance and Not applicable nature of heritage assets. (iii) Disclose information that is Not applicable helpful in assessing the value of heritage assets. (iv) Explain the reason why it is not Not applicable practicable to obtain a valuation of heritage assets.

16.9 Five year summary of heritage assets transactions


£	£	£	£	£

-	-	-	-	-
-	-	-	-	-
-
-

-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-


-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-


-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

CC17a (Excel)

14/02/2023

Section C Notes to the accounts (cont)

Note 17 Investment assets

Please complete this note if the charity has any investment assets.

17.1 Fixed assets investments (please provide for each class of investment)

Cash & cash equivalents	Listed investments	Investment properties	Social investments	Other	Total
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-

	Not applicable

Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.

17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.

Analysis of investments

Cash or cash equivalents Investment properties Listed investments Social investments Other investments Grand total (Fair value at year end+Cost less impairment) Total	Fair value at year end £	Cost less impairment £
	-	-
	-	-
	-	-
	-	-
	-	-
	-	-

17.3 If your charity holds investment properties, please complete the following note:

(i) Explain the methods and significant assumptions in determining the fair value of investment property held by the charity (ii) Name or independent valuer, if applicable, and relevant qualifications

(iii) Provide details of any restrictions on the ability to realise investment property or on the remittance of income or disposal proceeds

Not applicable Not applicable Not applicable

CC17a (Excel)

14/02/2023

(iv) Explain any contractual obligations for the purchase, construction or development of investment property or for repairs, maintenance or enhancements

Not applicable

17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.

Analysis of current asset investments

Cash or cash equivalents Listed investments Investment properties Social investments Other investments Total

This year £	Last year £
-	-
-	-
-	-
-	-
-	-
-	-

17.5 Guarantees

Please provide details and amount of any guarantee made to or on behalf of a third party Name of the entity or entities benefitting from those guarantees

Please explain how the guarantee furthers the charity's aims

17.6 Concessionary loans

Amount of concessionary loans made ( Multiple loans made may be disclosed in aggregate provided that such aggregation does not obsure significant information ).

Amount of concessionary loans received (Multiple loans received may be disclosed in aggregate provided that such aggregation does not obsure significant information).

Terms and conditions eg interest rate, security provided

Value of any concessionary loans which have been committed but not taken up at the reporting date

Amounts payable within 1 year Amounts payable after more than 1 year Amounts receivable within 1 year Amounts receivable after more than 1 year

*Description*	Thisyear £	Lastyear £
Not applicable

*Total*

*Description*	Thisyear £	Lastyear £
Not applicable

*Total*

Not applicable
Not applicable
Not applicable
Not applicable
Not applicable
Not applicable

17.7 Additional information

Please provide information about the significance of investments to the charity's financial position or performance eg. terms and conditions of loans or the use of hedging to manage financial risk.

Not applicable Not applicable Not applicable

For all investments measured at fair value, the basis for determining the value, including any assumptions applied when using a valuation technique.

Where a charity has provided financial assets as a form of security, the carrying amount of the financial asset pledged as security and the terms and conditions relating to its pledge.

CC17a (Excel)

14/02/2023

Section C Notes to the accounts (cont)

Note 18 Stocks

Please complete this note if the charity holds any stock items

18.1 Please state the carrying amount of stock and work in progress analysed between activities.

Stock	Stock	Donatedgoods	Donatedgoods	Work in progress
For distribution	For resale	For distribution	For resale
£	£	£	£	£

-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-


-	13,274	-	-	-
-	13,371	-	-	-
-	- 10,722	-	-	-
-	- 211	-	-	-
-	15,712	-	-	-


-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	15,712	-	-	-
-	13,274	-	-	-

18.2 Please specify the carrying amount of any stocks pledged as security for liabilities

Not applicable

CC17a (Excel)

14/02/2023

Section C Notes to the accounts (cont)

Note 19 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Note 19 Debtors and prepayments *Please complete this note if the charity has any debtors or prepayments.*
19.1 Analysis of debtors Trade debtors Prepayments and accrued income Other debtors Total	This year £	Last year £
	236	477
	72	836
	-	-
	308	1,313

Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.

19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)

Trade debtors Prepayments and accrued income Other debtors Total	This year £	Last year £
	-	-
	-	-
	-	-
	-	-
	-	-

CC17a (Excel)

14/02/2023

Section C Notes to the accounts (cont)

Note 20 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
This year £	Last year £	This year £	Last year £
-	-	-	-
-	-	-	-
285	338	-	-
-	-	-	-
1,111	1,874	-	-
747	720	-	-
-	-	-	-
2,143	2,932	-	-

20.2 Deferred income

Please complete this note if the charity has deferred income.

Please explain the reasons why income is deferred.

During the Financial Year, bookings and payments to attend the Precept Bible School and the Precept Leader Academy during 2023 (i.e. the next Financial Year) were received so are carried on the Balance Sheet to next Financial Year.

*Movement in deferred income account* Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period	This year £	Last year £
	-	-
	499	1,322
	-	-
	499	1,322

CC17a (Excel)

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Section C Notes to the accounts (cont)

Note 21 Provisions for liabilities and charges

Please complete this note if you have included in charity expenditure any provisions. A provision is made when the charity has a liability of uncertain timing or amount.

21.1 Please provide:

- a brief description of any obligations on the balance sheet and the expected amount and timing of resulting payments;

balance sheet and the expected amount and timing of Not applicable resulting payments; - an indication of the uncertainties about the amount Not applicable or timing of those outflows; and - the amount of any expected reimbursement, stating the amount of any asset that has been recognised for Not applicable that expected reimbursement.

21.2 Movements in recognised provisions and funding commitment during the period

Balance at the start of the reporting period Amounts added in current period Amounts charged against the provision in the current period Unused amounts reversed during the period Balance at the end of the reporting period	This year £	Last year £
	-	-
	-	-
	-	-
	-	-
	-	-

21.3 For any funding commitment that is not recognised as a liability or provision, provide details of commitment made, the time frame of that commitment, any performance-related conditions and Not applicable details of how the commitment will be funded (with contracts for capital expenditure separately identified). 21.4 Where unrestricted funds have been designated to a fund commitment, please disclose the nature of Not applicable any amounts designated and the likely timing of that expenditure.

CC17a (Excel)

14/02/2023

Section C Notes to the accounts (cont)

Note 22 Other disclosures for debtors, creditors and other basic financial instruments

22.1 Please provide information about the
significance of financial instruments (eg. debtors,
creditors, investments etc) to the charity's financial
position or performance, for example, the terms and
conditions of loans or the use of hedging to manage
financial risk.
22.2 If the charity has provided financial assets as a
form of security, the carrying amount of the financial
assets pledged as security and the terms and
conitions related to its pledge should be given here.

DEBTORS:
(1) There is a minor Prepayment which relates to a
carried forward voucher not yet redeemed;
(2) Minus £1300 is carried forward into next FY relating
to Precept Europe trips for which money will be spent
during next Financial Year (the trip money refund had
already been received this Financial Year from Precept
International who funds trips conducted by Nigel Watts).
CREDITORS: The Accruals and Deferred Income figure
is due to:
(1) Pre-sales for the Precept Bible School and the
Precept Leader Academy which aren't due to happen
until next Financial Year;
(2) Bills due to be paid which hadn't been received by
the end of the Financial Year;
(3) A new restricted category where money was raised
for UKRAINE refugees to receive free Precept book
resources, of which £275 is still held for use in the future.

Not applicable

CC17a (Excel)

14/02/2023

Section C Notes to the accounts (cont)

Note 23 Contingent liabilities and contingent assets

23.1 Contingent liabilities

Where the charity has contingent liabililities, please complete the following section unless the possibility of their existence is remote.

their existence is remote.
Description of item including its legal nature. Please describe any security provided in connection to the liability.	Estimate of financial effect
Not applicable

23.2 Contingent assets

Where the charity has contingent assets, please complete the following section when their existence is probable

Description of item Estimate of financial effect Not applicable 23.4 Other disclosures for contingent assets and/or liabilities Please provide the following information where practicable: Explain any uncertainties relating to the amount or timing of settlement; and the possibilty of any Not applicable reimbursement Where it is not practical to make one or more of these disclosures, please state this fact Not applicable

CC17a (Excel)

14/02/2023

Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

Note 24 Cash at bank and in hand
Other Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date) Short term deposits	This year £	Last year £
	-	-
	-	-
	52,983	55,075
	-	-
	52,983	55,075

CC17a (Excel)

14/02/2023

Section C Notes to the accounts (cont)

Note 25 Fair value of assets and liabilities

25.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks.

25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.

Exposure is very low. Most people pay (e.g. for resources) at point of sale. Credit is extended to only a few customers who are well known to the Ministry. Liquidity risk is low and the Charity meets its target for maintaining 3 months-worth of operating resources. If there was a liquidity problem, Precept International may well step in to help out. There is no market risk.

None

CC17a (Excel)

14/02/2023

Section C Notes to the accounts (cont)

Note 26 Events after the end of the reporting period

Please complete this note where events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.

Please provide details of the nature of the event

Provide an estimate of the financial effect of the event or a statement that such an estimate cannot be made

Not applicable Not applicable

CC17a (Excel)

14/02/2023

Section C Notes to the accounts

Note 27 Charity funds

27.1 Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the Balance Sheet.

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

Fund names	Type PE, EE R or UR *	Purpose and Restrictions	Fund balances brought forward £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
Reserves	U	Normal Ministry activities (unrestricted)	72,754	-	- 2,009	-	-	70,745
						-	-	-

Total Funds			72,754	-	- 2,009	-	-	70,745

CC17a (Excel)

14/02/2023

Section C Notes to the accounts

Note 27 Charity funds (cont)

27.2 Details of material funds held and movements during the PREVIOUS reporting period

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

Fund names	Type PE, EE R or UR *	Purpose and Restrictions	Fund balances brought forward £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
Reserves	U	Normal Ministry activities (unrestricted)	67,425	5,329	-	-	-	72,754

Total Funds			67,425	5,329	-	-	-	72,754

CC17a (Excel)

14/02/2023

Section C Notes to the accounts (cont)

Note 27 Charity funds (cont)

27.3 Transfers between funds

	Reason for transfer and where endowment is converted to income, legal power for its conversion	Amount
Between unrestricted and restricted funds	None
Between endowment and restricted funds	None
Between endowment and unrestricted funds	None
27.4 Designated funds
Planned use	Purpose of the designation	Amount
Not applicable

CC17a (Excel)

14/02/2023

Section C Notes to the accounts (cont)

Note 28 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

28.1 Trustee remuneration and benefits

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

TRUE

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Name of Trustee	Amountspaid or benefit value	Amountspaid or benefit value	Amountspaid or benefit value	Amountspaid or benefit value	Amountspaid or benefit value
	This year				Last year
	Remuneration	Pension contribution	Redundancy (including loss of office)/ex gratia	Other	TOTAL
	£	£	£	£	£
None

*Please give details of why remuneration or other* *employment benefits were paid.* *Where an ex gratia payment has been made to a trustee,* *provide an explanation of the nature of the payment.*
	Not applicable
	Not applicable

28.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

No trustee expenses have been incurred (True or False)		FALSE

Type of Expenses Reimbursed	Thisyear	Lastyear
	£	£
Travel	34	0
Subsistence	0	0
Accommodation	0	0
Other(please specify):
TOTAL	34	-

Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity

One

28.3 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

There have been no related party transactions in the reporting period (True or False)	There have been no related party transactions in the reporting period (True or False)	There have been no related party transactions in the reporting period (True or False)	There have been no related party transactions in the reporting period (True or False)	There have been no related party transactions in the reporting period (True or False)	There have been no related party transactions in the reporting period (True or False)	TRUE

Name of the Trustee or related party	Relationship to charity	Description of the transaction(s)	Amount	Balance at period end	Provision for bad debts at period end	Amounts written off during reporting period
			£	£	£	£


*For any related party, please provide details of any* *guarantees given or received.* *In relation to the transactions above, please provide the* *terms and conditions, including any security and the nature* *of any payment (consideration) to be provided in* *settlement.*
			Not applicable

			Not applicable

CC17a (Excel)

14/02/2023

Section C Notes to the accounts (cont)

Note 29 Additional Disclosures

The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.

Note 11.1 - the table has been changed slightly to reflect the amount of Employers National Insurance part of the Salary. Last financial year's Salary figure has been changed also because it was incorrectly stated in error (the amount stated was the apportioned amount of Salary for 'charitable activities' only and not the total Salary).

Mr Nigel Watts is the Chair of Trustees for Precept UK (PUK) and is a voluntary PUK National Director.

During the Financial Year 1 Dec 2021 to 30 Nov 2022 (FY21/22), Mr Nigel Watts was also acting on behalf of Precept International (PMI) based in Chattanooga Tennessee USA and he received remuneration from them which was not part of PUK funding (PMI is a separate entity under American Law). Under his remit, he has responsibility and oversight for the Precept Ireland and Precept Scotland offices on behalf of Precept International (PMI).

As part of his duties Mr Nigel Watts was allocated a Budget by PMI in the furtherance of PMI's Vision and Objectives (which are also shared with PUK). Expenditure on behalf of Mr Watts' various activities was paid for by PUK and held on the Balance Sheet as a DEBTOR. Full refunds of all costs incurred were made quarterly by PMI and were supported by clear audit trails of costs incurred. At the end of this Financial Year, PMI had refunded back more than was required, so this surplus amount is transferred to next Financial Year on the Balance Sheet to cover planned spends.

During the Financial Year, an appeal was made to raise funds for Ukrainian refugees to provide them with free Precept resources / books. A total of £32,299.02 was raised and £32,024.32 was spent (the majority of the money was sent to Precept Moldova in line with the Ministry Trust Deed rules, so that the books could be printed and distributed). The remainder is carried forward to next Financial Year to provide resources, if needed as "Restricted Funds".

CC17a (Excel)

14/02/2023

CHARITY (OMMISSION FOR ENGLAND ANO WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of PRECEPT MINISTRIES UK On accounts for the year ended 30 NOVEMBER 2022 Charlty no (If any) 1072938 Set out on pages 1T041 I report to the truslees on my examination of the accounts of thè above charity {"the Trust") for the year ended 3011112022. Responslbilltles and basis of report As the charity's trustees, you are responsible for the pr8paration of the accounts in accordan with the requirements of the Charities Act 2011 ('Ihe Act.). I report in respect of my examination of the Trust's accounts Carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(51(bl of the Act. Independent I have completed my examination. I confirm that no material matters have examiner's statsment come to my attention in connection with the examination which gives me cause to believe that in, any material respèd.. the accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts did not accord with the accounting records., or the accounts did not comply with th6 applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports> Regulations 2008 other than any requirement that the aGcounts give a 'true and fair, view which is not a matter considered as part of an independenl examination. I have no GOnrn$ and have cornè across no olher matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Dale: 14.2.2023 Name: ERICA PARKER Relevant professional qualification(s) or body (if any): FCCA Address: CLIFFORD FRY & CO ST MARY'S HOUSE NETHERHAMPTON, SALISBURY. SP2 8PU


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