2023-11-30-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 2022 30 NOVEMBER 2023

(Visit to Yorkshire Camps 16-18 January 2023)

PRECEPT MINISTRIES UK ANNUAL REPORT 1 DECEMBER 2022 - 30 NOVEMBER 2023

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 is rented from a local church 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 profit being made this Financial Year of £1,584. 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 for the year were £26,838 (a reduction on last year of 4%). Total donations were £69,193 (a 4% increase, ignoring the restricted donations received last year for our Ukraine appeal) . In addition to one-off gifts, as at 30 Nov 2023, 129 people regularly financially support us through standing orders or direct debits (a reduction of 6% on Nov 2022).

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

Our training has been focussed mainly online although there have been a number of in-person training events, including to Yorkshire Camps, Basingstoke Baptist Church, and an in-person men’s study in Salisbury.

We have continued to offer regular online Bible study courses, training and leader meetings. Our social media presence has continued to grow and we now have 2,400 followers on our YouTube channel, up from 1,900 a year ago and 1,400 two years ago.

We have continued working flexibly from home and in the office.

Young Lives Impacted

Precept continues to have a huge impact on lives. One example is Christine who has continued to study with our young adults group this year. She has grown in confidence as the year has gone on and it was a joy to see her join our Spiritual Warfare National Conference in November. This is what Christine says: “ I have been blessed to do the study on a Monday night. It has brought me closer to God and know his true word. Precept is visual so those who are visual learners can learn about the Bible . Many thanks for this opportunity.”

We shall continue to run regular online courses to train the next generation.

It was also fabulous to be able to attend the wedding of Noah and Jess who have both been studying the Bible with us over the last 2 years in the young adults group.

Their faith has been strengthened through studying with Precept and we wish them well in their married life together.

Yorkshire Camps

An invitation to go to ‘Yorkshire Camps’ (photo above) Christian Centre was extended to us and we spent 2 days teaching the Permanent Staff and Training Team. They run Gospel-centred camps for children aged 8-18 and to schools. It was tricky getting there in the snow and ice but was well worth it once we arrived.

Basingstoke Baptist Church

Reverend Dave Bishop (photo to right) leads Basingstoke Baptist Church. He knew Molly, Precept UK Director, over 35 years ago when they worked together in a secular field.

He invited us to come and introduce his church members to Precept and inductive study.

We ran two sessions in the day and were able to train their small group leaders to disciple their groups.

Above - Basingstoke Baptist Church being introduced to Precept’s 40 Minute Bible studies – January 2023

Precept Bible Schools (PBS)

We ran 3 Bible Schools this year, Jude from 17-20 February, Esther from 19-21 May and 1 Thessalonians from 20-23 October. 15 people from across the UK and one from South Africa joined for the October study on 1 Thessalonians PUP. It was an excellent course with students planning ongoing studies.

Mark (photo to the left) attended his first PBS in October and said at the end of the school:

“ I will never be able to read a chapter of the Bible the same way again - Knowing which key questions to ask of the text following the Precept Bible School. It was delivered excellently, with plenty of group participation. It has definitely impacted my reading of Scripture for the better, helping me to recognise key words and chapter themes more easily. I would definitely recommend Precept training to anyone seeking to know & understand God's word more”.

Moorlands Bible College

In March we were invited back to Moorlands to teach first year students the basics of Inductive Bible study.

We spent the whole morning studying the Word and the students were very grateful for the skills they learnt.

The Precept Leader Academy (PLA)

We ran two more PLA courses this year. The first was how to reach children, using the ‘Discover For Yourself’ (D4Y) study on Jonah from 24-26 April 2023 and the second was using ‘Lord Teach Me to Study the Bible in 28 Days’ from 13-16 November 2023. 12 attended the D4Y course including one from Switzerland, one from France and one from South Africa (photo bottom left) and, as can be seen from the photo bottom right, we had people join from different countries in Europe for the November PLA.

PLA Apr D4Y Jonah

PLA Nov ‘Lord, Teach Me to Study the Bible in 28 Days’

Comments on the D4Y Jonah PLA included: Nana : “I enjoyed the process and look forward to seeing children get even more excited about the Word of God - the puzzles, drawings, creative ideas were lots of fun and educative at the same time” and Meng said: “These skills will equip children for lifelong study of the Bible.”

After the PLA on ‘Lord, Teach Me to Study the Bible in 28 Days’ PLA Ben wrote : “I will think twice now before I put down my Bible and replace it with something that seems so infinitely less valuable. God is always urging us to keep His knowledge which is far more powerful a force than we realise.”

Other Training Workshops

We ran a number of training events in 2023 to equip people to study God’s Word and enable them to be established in the Word of God. These included:

Two basic Precept Upon Precept (PUP) workshops.
Advanced PUP Leader training.
Introduction to the New Inductive Study Series (NISS).
A Lent and Advent study, between which over 150 people attended.

We also met with leaders on a regular basis, sharing study time together and praying for each other.

Men’s Bible Study Our men’s Bible study continued this year. We kicked it off in 2023 with a meal which was cooked by 3 professional chefs.

Kingsley, James and Jeff

Men’s Dinner September 2023

20 guys meet in person with others joining online.

We have studied two of our ‘40 Minute’ studies – see photos to the right.

Leader Meetings Regular meetings have taken place all year for our Precept leaders.

We have studied ‘Anointed’ by Pam Gillespie based on Isaiah 53 and ‘Lord Help Me Grow Spiritually Strong in 28 Days.’

Both studies have provided us with an opportunity to meet with leaders from around the country, and abroad, and offer encouragement and prayer.

The office has run fortnightly Precept Upon Precept studies throughout the year, attracting people from across the UK. We studied Esther, 1 Thessalonians and Nehemiah.

Precept UK National Conference

On 4 November 2023 we hosted our first online conference. We entitled it ‘Spiritual Warfare – Hidden in Plain Sight – Living Victoriously in Distorted Days.’ Dr Georg Huber, Director of Precept in German-Speaking Europe, was the guest speaker (photo to right). We also had additional input to the conference in the form of two pre-prepared videos, one from Vasile Filat, Director of Precept in Eurasia, and the other from Zac Prosser, Precept UK’s media staff member.

Over 150 people attended. We received much positive feedback from the conference including from Bridget : “Thank you so much for today’s conference that was so full of quality teaching and godly wisdom. Georg is indeed a very gifted teacher and able to impart the truths of God’s word in a simple and yet profound way.”

Angela wrote: “The conference was excellent and I'm looking forward to studying the material again through the attached notes (so helpful)! God's richest blessings to all at Precepts. You are all so appreciated!”

Online PUP Training Filming

Recognising the power of the internet and video content to reach and train people, we embarked on the process of filming our Precept upon Precept (PUP) introductory/beginners course using Genesis Part 3, the life of Abraham.

When we release this series of videos it will provide ready access 24/7 from home to those wishing to study PUP. We pray that it would be used by people far and wide.

Filming Genesis Part 3

New Precept UK Trainer

This year Diana Adams became a trainer for Precept UK. This is what she said on being asked to become a trainer:

“I first came across Precept UK in September 2018. I attended the Precept Bible School in Salisbury in May 2019 and was convicted by God that I needed to share this with others.

I began leading Precept Bible groups in my church. I completed the 6 modules of the Precept Leadership Academy in June 2023 and was honoured and delighted to be asked to join the Precept UK Training team.

Building a relationship with God through studying His word has transformed my life and my faith and I feel so privileged to be able to help others to do this too.”

We are delighted Diana has joined us and she is already being used by God to teach and train others.

Administration

Sharon Goldie (Precept UK Administrator) has continued her outstanding administrative work to keep Precept UK functioning well. This year she has despatched over 2,887 books (a reduction of 2%) , printed Precept studies for customers, kept our accounts in order, communicated with our constituents regularly with a weekly Prayer Bulletin and by phone and email.

She also communicates regularly with our sister organisation in the USA, Precept International, and with other Precept European offices. She has also fully participated in our staff Precept Upon Precept studies. This year she has also overseen a volunteer who has come into the office once a week.

Sharon has dealt with sales or downloads to the following countries: Australia, Belgium, Bermuda, Bulgaria, Canada, Colombia, Denmark, France, Germany, Guatemala, Honduras, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Jamaica, Japan, Malaysia, Mexico, Moldova, Netherlands, New Zealand, Nigeria, Norway, Philippines, Poland, Portugal, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Ukraine, UAE and the USA.

See the red dots on the map below for a visual representation of these countries on a world map.

Social Media / Marketing / Communications

Zac Prosser has worked very creatively and consistently to reach people across social media channels to great effect. His work has been appreciated around the world. Here are some statistics:

Instagram followers – 823 Facebook followers 1,900 PODCAST show listens total – 26,677 YouTube subscribers – 2,430 (up by 552 a year ago) The highest performing video has 54,231 views, representing 457 hours of watching.

We have had many positive comments and feedback on our social media channels. Sandra commented on a YouTube video about the Inductive Study Bible : “This was a very helpful review. Thank you so much. I’d looked at lots of reviews of this Bible but they didn’t give half of the information you covered. Much appreciated.”

People from the following countries have seen our YouTube channel:

USA, UK, Costa Rica, Canada, Singapore, Australia, Kenya, Philippines, Bermuda, South Africa, Sweden, India, New Zealand, Indonesia, Germany, Malaysia, Ireland, Portugal, Spain, Malawi, Bolivia, Brazil, Romania, UAE, Nigeria, Ukraine, Myanmar, Peru, British Virgin Islands.

The Bible and Me Podcast. This year we released 12 podcast interviews. Zac collates them interviews and makes them available across podcast platforms.

Photographs of those who were interviewed this year, with podcasts released, are below.

From L to R, top to bottom:

John Mackinnon, Jon Stockley, Josh Fortune, Niyi Daramola, Margaret Court Jonathan Lamb, Gareth Pope, Bruce Kuhn, Andy Paterson and Sharon Dirckx.

Regular Communication

We communicate regularly with our constituents as follows:

E-Newsletter . We continue to email out a monthly E-Newsletter.
Prayer Bulletin . We continue to email out a weekly Prayer Bulletin.
Companion Updates . We write to our financial donors 3 times per year.
Prayer Team . Andrew Blackler continues to oversee the Precept Prayer team for which we are so grateful.

GOING FORWARD

Other goals looking forward include:

Make PUP training available online
Run three Precept Bible School courses
Run two Precept Leader Academy courses
- Regular leader meetings
Regular young adults meetings
- In-person training at camps and churches

Precept UK Office Staff Nigel, Zac, Molly and Sharon

Lastly, we receive feedback often from those who do our studies. Here is one which we include as encouragement.

Andy “ Thank you very much for hosting the school. I loved the time and opportunity to dive deeply into God's Word and to meditate on some of the truths. I found it very challenging towards my approach in discipling others and particularly how my life and conduct reflects the Lord Jesus and the gospel entrusted as passed on to me by others. I love being shown the discipline of slowing down with my Bible reading, of purposefully reading the text several times, of asking different questions, of making lists and reviewing them, of checking the original Greek for key words and then prayerfully meditating and asking further questions of the text before understanding what it meant to the original recipients and how it applies to my life and walk with the Lord today. Thank you for all you do to facilitate and help in making this happen. I really enjoyed it .”

Althea: “ This was my first Precept Bible School that I attended. This has completely challenged and shaped the way I plan to do my Bible studie s. The best part I love is the observation and application part . I never knew writing word for word about characters, events etc could give insight in such a powerful way about God . I thought it was all about reading the chapter many times and waiting on the Holy Spirit. Even though the process is slow, the revelation is huge compared to a quick read and short revelation. This way of study makes me look for God in every Scripture I am reading because He is the Word . I plan to take up other books and do it on my own. Definitely will attend the next one.”

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 2022/2023:

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
Full Name(s)	Nigel John Iremonger Watts
Position_(e.g. Chair)_	Chair
Date	12.4.24

	PRECEPT MINISTRIES UK	PRECEPT MINISTRIES UK	PRECEPT MINISTRIES UK	Charity No:	1072938	*CC17* *(FRS102)*
	Annual Accounts for theperiod
	Period start date	01/12/2022	To	Period end date	30/11/2023

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
		69,193	-	-	69,193	66,330
		26,838	-	-	26,838	59,273
		3,721	-	-	3,721	3,382
		621	-		621	54
		1,922	-	-	1,922	-
		28	-	-	28	138
		102,323	-	-	102,323	129,177

		14,346	-	-	14,346	15,173
		85,391	275	-	85,666	115,738
		728	-	-	728	-
			-	-	-	-
		100,465	275	-	100,740	130,911

		1,858	275 -	-	1,583	1,734 -
		-	-	-	-	-
		1,858	275 -	-	1,583	1,734 -
		-	-	-	-	-
		-	-	-	-	-

		-	-	-	-	-
		1	-	-	1	-
		1,859	275 -	-	1,584	1,734 -


		70,745	275	-	71,020	72,754
		72,604	-	-	72,604	71,020

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
		-	-	-	-	-
		3,296	-	-	3,296	4,160
		-	-	-	-	-
		-	-	-	-	-
		3,296	-	-	3,296	4,160

		15,241	-	-	15,241	15,712
		365	-	-	365	308
		-	-	-	-	-
		55,815	-	-	55,815	52,983
		71,421	-	-	71,421	69,003

		2,113	-	-	2,113	2,143

		69,308	-	-	69,308	66,860

		72,604	-	-	72,604	71,020

		-	-	-	-	-
		-	-	-	-	-

		72,604	-	-	72,604	71,020

		-	-	-	-	-
		-	-		-	275
		72,604	-	-	72,604	70,745
					-
		72,604	-	-	72,604	71,020

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		12.4.24

CC17a (Excel)

12/04/2024

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
• and with* ✓ the Financial Reporting Standard applicable in the United Kingdom and Republic of 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 There is no threat of liquidation within 12 months. The charity the conclusion that the charity is a going declares its intention to keep running its activities at least for the concern; next year and to prepare financial statements accordingly.

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

Not applicable

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

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 ✓ * Tick as appropriate No

CC17a (Excel)

12/04/2024

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 ✓ No *Please disclose:*	✓	* Tick as appropriate	* Tick as appropriate


*(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 ✓ * Tick as appropriate No

Please disclose:

*(i) the nature of the prior period error;*	A minor error of £275 has been identified in the prior year figures and corrected in this FY Accounts, where 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)

12/04/2024

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)

12/04/2024

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
		✓
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
✓
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
			✓
	Yes No N/a
	✓
	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
			✓
	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
		✓

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

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 andgifts	58,941		-	58,941	57,027
	Gift Aid	10,252	-	-	10,252	9,303
	Legacies	-	-	-	-	-
	General grants provided by government / othercharities	-	-	-	-	-
	Membership subscriptions and sponsorships which are in substance donations	-	-	-	-	-
	Donatedgoods,facilities and services	-	-	-	-	-
	Other	-	-	-	-	-
	Total	69,193	-	-	69,193	66,330

	Sale of books, CDs, DVDs and other items	26,838	-	-	26,838	26,974
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	26,838	-	-	26,838	26,974

	Conference / WorkshopFees	3,721	-	-	3,721	3,382
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	3,721	-	-	3,721	3,382

	Interest income	621	-	-	621	54
	Dividend income	-	-	-	-	-
	Rental and leasingincome	-	-	-	-	-
	Other	-	-	-	-	-
	Total	621	-	-	621	54

	Sale of assets(proceeds from sale)	1,922	-	-	1,922	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	1,922	-	-	1,922	-

	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 - Insurance / parcel loss compensation	28	-	-	28	138
	Total ME	28	-	-	28	138
		102,323	-	-	102,323	96,878

Other information:

All income in the prior year was unrestricted except for: (please provide description and amounts)

Not applicable Not applicable N/A

Where any endowment fund is converted into income in the 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 year amounts)

CC17a (Excel)

12/04/2024

Section C Notes to the accounts (cont)

Note 4 Analysis of receipts of government grants

Description	This year Last year £ £	This year Last year £ £
Not applicable	-	-
	-	-
	-	-
	-	-
	-	-

	Not applicable

	Not applicable

CC17a (Excel)

12/04/2024

Section C Notes to the accounts (cont)

Note 5 Donated goods, facilities and services

Seconded staff Use of property Other

Please provide details of the accounting policy for the recognition and valuation of donated goods, facilities and services.

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.

facilities and services	facilities and services
This year Last year £ £
-	-
-	-
-	-
-	-

Not applicable

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. Voluntary work this year has been carried out by helping with online training.

CC17a (Excel)

12/04/2024

Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

Note 6	Analysis of expenditure
Separate material item of expense Other TOTAL EXPENDIT Expenditure on raising funds: Expenditure on charitable activities	Analysis	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 a trading company	-	-	-	-	-
	Advertising, marketing, direct mail and publicity	-	-	-	-	-
	Start up costs incurred in generating new source of future income	-	-	-	-	-
	Database development costs	-	-	-	-	-
	Othertrading activities	14,346	-	-	14,346	15,173
	Investmentmanagement costs:	-	-	-	-	-
	Portfolio management costs	-	-	-	-	-
	Cost of obtaininginvestment advice	-	-	-	-	-
	Investment administration costs	-	-	-	-	-
	Intellectualpropertylicencingcosts	-	-	-	-	-
	Rent collection, property repairs and maintenance charges	-	-	-	-	-
	Total expenditure on raising funds	14,346	-	-	14,346	15,173

	Conferences/Workshops	507	-	-	507	487
	SalaryCosts	63,984	-	-	63,984	63,698
	Charitable Activities Costs	20,480	275	-	20,755	19,025
	Independent Examination Fee	420	-	-	420	504
	Total expenditure on charitable activities	85,391	275	-	85,666	83,714

	Sale ofassets (NBVofassets sold)	728	-	-	728	-
		-	-	-	-	-
	Total material item of expense	728	-	-	728	-

	Rounding adjustment	-	-	-	-	-
		-	-	-	-	-
	URE Total other expenditure	-	-	-	728	-
		100,465	275	-	100,740	98,887

Other information (Analysis of expenditure on charitable activities):

Activity or programme	Activities undertaken directly	Grant funding of activities	Support Costs	Total this year	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)

12/04/2024

Section C Notes to the accounts (cont)

Note 7 Extraordinary items

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

Description	This year Last year £ £	This year Last year £ £
Not applicable	-	-

	-	-
	-	-
	-	-

	-	-
	-	-

CC17a (Excel)

12/04/2024

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.

Description/name of party	Balance held at period end	Balance held at period end
	Thisyear	Lastyear
	£	£
	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

CC17a (Excel)

12/04/2024

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.

Support cost	Raising funds £	Activity 1 £	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)

12/04/2024

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).

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 £
	420	540
	-	-
	-	-
	-	-

CC17a (Excel)

12/04/2024

Section C Notes to the accounts (cont)

Note 11 Paid employees

Please complete this note if the charity has any employees.

11.1 Staff Costs

*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	Thisyear £	Lastyear £
	65,935	64,402
	537	807
	-	-
	-	-
	66,472	65,209

	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 Mrs Helen Watts (National Director) £23,974 (gross) trustees and senior management) for their services to the charity

	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

11.3 Ex-gratia payments to employees and others (excluding trustees) Please complete if an ex-gratia payment is made.

Please explain the nature of the payment	Not applicable

Please state the legal authority or reason for making the payment	Not applicable
Please state the amount of the payment
(or value of any waiver of a right to an	Not applicable
asset)
11.4 Redundancy payments
*Please complete if any redundancy or termination payment is made in the period.*
Total amount of payment	Not applicable

The nature of the payment (cash, asset etc.)	Not applicable

The extent of redundancy funding at the balance sheet date	Not applicable
Please state the accounting policy for
any redundancy or termination	Not applicable
payments

CC17a (Excel)

12/04/2024

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 the SOFA as an expense Please explain the basis for allocating the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds.

Not applicable

All eligible employees were offered the new statutory workplace pension. PUK opted to use NEST, however, all eligible employees opted out of the scheme.

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 contribution plan, it is a defined benefit plan.

Not applicable

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 and conditions of the multi-employer plan

Not applicable

CC17a (Excel)

12/04/2024

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
*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 £
Not applicable		-
		-
		-
*TOTAL GRANTS PAID* *Other unanalysed grants* *Total grants to institutions in reporting period*		-
		-
		-

CC17a (Excel)

12/04/2024

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	19,993	49,278
-	-	-	1,779	1,779
-	-	-	-	-
-	-	-	-4,606	-4,606
-	-	-	-	-
-	-	29,285	17,166	46,451

14.2 Depreciation and impairments

SL	SL	SL	SL
		5 years / fully depreciated	5 years
- - 29,285 15,833 45,118 - - - -3,903-3,903 - - -1,940 1,940 - - - - - - - - - - - - 29,285 13,870 43,155 - - - 4,160 4,160 - - - 3,296 3,296
-	-	-	4,160	4,160
-	-	-	3,296	3,296

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

CC17a (Excel)

12/04/2024

14.5 Revaluation

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

the effective date of the revaluation the name of independent valuer, if applicable the methods applied and significant assumptions the carrying amount that would have been recognised had the assets been carried under the cost model.

Not applicable Not applicable Not applicable Not applicable

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)

12/04/2024

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.

CC17a (Excel)

12/04/2024

15.6 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 Not applicable the carrying amount that would have been recognised had the assets been carried under Not applicable the cost model.

15.7 Other disclosures *(iii) Please provide the amount of contractual* *commitments for the acquisition of intangible* *assets.* *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.*	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)

12/04/2024

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 £	Total £
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
					Straight Line ("SL") or Reducing Balance

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

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

CC17a (Excel)

12/04/2024

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 assets have not been recognised on the balance sheet.

(ii) Describe the significance and nature of heritage assets.

(iii) Disclose information that is helpful in assessing the value of heritage assets.

(iv) Explain the reason why it is not practicable to obtain a valuation of heritage assets.

Not applicable

16.9 Five year summary of heritage assets transactions


£	£	£	£	£

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

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


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


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

CC17a (Excel)

12/04/2024

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

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

Not applicable Not applicable Not applicable Not applicable

CC17a (Excel)

12/04/2024

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

	This year £	Last year £	Last year £	Last year £
	-	-
	-	-
	-	-
	-	-
	-	-
	-	-
Not applicable
Not applicable
Not applicable
*Description*			Thisyear £	Lastyear £
Not applicable

*Total*

*Description*			Thisyear £	Lastyear £
Not applicable

*Total*

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

Not applicable
Not applicable
Not applicable

CC17a (Excel)

12/04/2024

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	Donated goods	Donated goods	Work in progress
For distribution	For resale	For distribution	For resale
£	£	£	£	£

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


-	15,712	-	-	-
-	10,420	-	-	-
-	-10,763	-	-	-
-	- 128	-	-	-
-	15,241	-	-	-


-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	15,241	-	-	-
-	15,712	-	-	-

	Not applicable

CC17a (Excel)

12/04/2024

Section C Notes to the accounts (cont)

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 £
	45	236
	320	72
	-	-
	365	308

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)

12/04/2024

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 £
-	-	-	-
-	-	-	-
134	285	-	-
-	-	-	-
1,224	1,111	-	-
755	747	-	-
-	275	-	-
2,113	2,418	-	-

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 during 2024 (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 £
	-	-
	182	499
	-	-
	182	499

CC17a (Excel)

12/04/2024

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)

12/04/2024

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
vouchers not yet redeemed;
(2) Minus £904 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 the trips conducted by Nigel
Watts).
CREDITORS: The Accruals and Deferred Income figure
is due to:
(1) Pre-sales for the Precept Bible School 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) Restricted money held on the Balance Sheet for
UKRAINE (£275) and held over since the prior FY, were
spent in this FY.

Not applicable

CC17a (Excel)

12/04/2024

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.

possibility of 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	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 reimbursement Where it is not practical to make one or more of these disclosures, please state this fact

Not applicable Not applicable

CC17a (Excel)

12/04/2024

Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

Short term cash investments (less than 3 months maturity date) Short term deposits Cash at bank and on hand Other Total	This year £	Last year £
	-	-
	-	-
	55,815	52,983
	-	-
	55,815	52,983

CC17a (Excel)

12/04/2024

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)

12/04/2024

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)

12/04/2024

Section C Notes to the accounts (cont)

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)	70,470	2,134		-	-	72,604
Reserves	R	Ukraine	275		- 275	-	-	-
Total Funds			70,745	2,134	- 275	-	-	72,604

CC17a (Excel)

12/04/2024

Section C Notes to the accounts (cont)

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)	72,754		- 2,009	-	-	70,745
Reserves	R	Ukraine	-	32,299	- 32,024			275
Total Funds			72,754	32,299	- 34,033	-	-	71,020

CC17a (Excel)

12/04/2024

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)

12/04/2024

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	13	34
Subsistence	0	0
Accommodation	0	0
Other(please specify):
TOTAL	13	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)

12/04/2024

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.

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 2022 to 30 Nov 2023 (FY22/23), 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.

CC17a (Excel)

12/04/2024

CHARITY COMMISSION FOR ENGLAND AND 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 2023 Charity no {if any) 1072938 Set out on pages 1 T041 I report to the trustees on my examination of Ihe accounts of the above charity ("Ihe Trust") for the year ended 3011112023. Responslbllities and basis of report As the Gharity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {"the Act.). I report in respect of my examination of the Trust's accounts carried out under section 145 of th8 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. l Confirm that no material matters have examiner's statement come to my attention in connection with Ihe examination which gives me ause to believe that in, any material respect.. 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 accounls did not comply with the 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 accounts give a 'true and fair, view which is not a maller considered as part of an independenl examination. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in Ihis report in order to enable a proper underslanding of the accounts to be reached. Signed: F>iLtr- ERICA PARKER Date: 12.4.2024 Name: Relevant professional qualification{s) or body lif any): FCCA Address: CLIFFORD FRY & CO ST MARY'S HOUSE NETHERHAMPTON, SALISBURY. SP2 8PU


£	£	£	£	£

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

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


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


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


£	£	£	£	£

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

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


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


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


£	£	£	£	£

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

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


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


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