REGIERED COMPANY NUMBER: 04178132 (England and Wales) REGISTERED CHARITY NUMBER: 1085931 Ex loits Minis Re ort of the Trustees and Unaudited Finar)cial Statements for the Year Ended 31 March 2024 Thorne Widgery Accountancy Ltd Chartered Accountants 2 Wyevale Business Park Kings Acre Hereford Herefordshire HR4 7B5
E loits Minist Contents of the Financial Statements for the Year Ended 31 March 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8 to 13 Detailed Statement of Financial Activities 14
E loits Minist Re ort of the Trustees for the Year Ended 31 March 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006. present their report with the financial statements of the charity for the year ended 31 March 2024. The trustee5 have adupted the provisions of Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their account5 7n accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims The name of the charity is inspired by a Bible verse. Daniel 11:32b, 'The people who know God will be strong and carry out exploits.. In the past year. with the increased lifting of travel restrictions. we have endeavoured to strive to help all peoples within the Church and outside of the Church to achieve a better quality of life, health and well-being through our inspirational conferences. Holy Land tours in Israel. e-books, newsletters, television programmes, Internet website and humanitarian projects. We describe ourselves as a ministry of reconciliation. We are, by the call of God, peace-makers and all-inclusive worker5 of reconciliation by our commitment to take the Good News of Jesus back to the Bible Lands where the Gospel began, without partiality. We actively seek to advance the education of the British public in all aspects of Christianity and the Abrahamic faiths through the written and spoken word. through worship. through drama, conferences, Gospel (.ampaigns, church meetings, the arts and primarily through all aspect5 of tnedia. We make efforts to counter anti-semitism through our conferences and seminars. All of our events are documented in our newsletters called Exploits. As a small Society. we are nevertheless helping to build peace in the Middle East and to streno.then the Judeo-christian foundations of our society. For example. we continue to co-administer a Facebook group of Christians and Jews. Our annual Passover Conference, vthich was reinstituted in 2022 after Covid, is truly a cutting-edge ministry, bringing together key Jewish and Christian leaders. Some of the charities that we support in the Mideast include the Jerusalem MERIT organization a5 well as Israel's emergency services Magen David Adom. which serves all the peoples of the region without prejudice. Among the other projects we 5UPPOrt are the Mercy Fund of Jerusalem's Christ Church (Anglican) as well as the huinanitarian effort5 of a charity, Awake Israel. Root Source and the Genesis 123 Foundation (the latter two are bridie-building charitie5 between Jews and Christians). Our main objectives have continued to be the promotion and fostering of Christian knowledge. education and propagation in a world that is increasingly confused and drifting without a moral compass. Slgnificant activities In establishing the activities to meet the above objectives during this financial period. the Trustees have continued due regard to the guidance published by the Charity Commission on public benefit. During the year, the charity continued with our work 5UPPOrting humanitarian projects and teaching.. Rev C Darg and Mr P Darg continue to represent the charitable company in promotional videos and other work. They are compensated for their time via contributions from Exploits Ministry to their personal pension schemes. The cost of which is shown within "Protnotion of Christian Knowledge" in the financial statements. Public beneflt The trustees have had due regard for the Charity Commission's published guidance on public benefit. Volunteers The Charity has one volunteer who is given a monthly honorarium to cover expenses. Rev. Christine Darg is the charity's key worker, responsible for administration and conducting ministry work both in the UK and internationally, but as a volunteer. Page 1
loit5 Minist Re ort of the Trustees for the Year Ended 31 March 2024 OBJECTIVES AND ACTNITIES Safeguarding and risk assessment The Charity continues to maintain full liability insurance coverage on all aspects of travel, public event5, Its members and Trustees, all equipment assets valued at over £200. The Charity continues to be enrolled as a member of the government's GDPR department, assuring protection of its database. ACHIEVEMENT AND PERFORMANCE The trustees continue to be satisfied that this charity, which is a Christian ministry. has achieved regular Gospel meetings and results of souls challenged. elevated. healed, and bettered both in the UK, in the Bible laTrd5 and Asia. We have produced a number of TV programmes available 2417 also at www.cross.tv and www.exploits.tv for the general public to explain Christianity in a simple and logical way. The Trustees receive regular reports f rom viewers who say the programs have an unusual clarity concerning difficult spiritual issues. In addition to the production of our weekly TV program whTch was aired in the UK, Romania, Norway and the USA, during the year we also published a quarterly magazine called -Exploits. Furthermore, the Charity produced an eBook edition of its fomler bth)k "Miracles Among Muslims. We also created an audio travelogue book called "Sailaway. The trustees are encouraged wth the extent of the activities being achieved by the charity. Internal and external fartor5 affecting the Charity The trustees have rnade a full assessment of the internal and external factors that may affect our financial statements. FINANCIAL REVIEW Financial position During the year ended 31 March 2024 net expenditure amounted to £10.645 {2023: £11,249). Reserves policy Recommended good practice from the Charity Commission is to have free reserves covering anticipated expenditure for the following six months, which is an aim that the Charity continues to work towards. We are thankful that we Vre able to meet all operating expenses and maintain the schedule of projects, ending the year with limited debt. Our free reserves at the year end totalled 12.72012023: £14.0561. this does not equate to a month 12023: 2 months) of the charity'5 annual expenditure. The charity will aim to build reserves to meet the charity commissions recommended 6 months. Going concern The trustees have made a full assessment of the internal and external factors that may affect our financial statements, including whether the Charity is financially viable for the foreseeable future and have concluded that the charitable company is a going concern. STRUCTURE, GOVERNANCE AND MANAGEMEMT Governing document The charity is controlled by its governing document. a deed of trust. and constTtutes a ITmited company. limited by guarantee, as defined by the Companies Act 2006. with members. contributions limited to £1 in the event of the charity being d7ssolved. The charity was incorporated on 13 March 2001 and TS registered Nwth the Charity Commission. Membership of the charity is open to any individual or organisation interested in promoting the charity's objects and is approved by the Trustees. There shall be a minimum of three and a maximum of ten Trustees serving at any one tirne. Page Z
loits Minist Re ort of the Trustees for the Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees All potential Tru5tee5 shall be checked to ensure of their eligibility to Serve under the Charitie5 Act 2011. Further, selection will a150 be based upon the individual's interest in the ministry and his or her ability to make a contribution to the charity's work. Organisational structure The Charity currently has 3 Trustees who have oversight and control over the ministry yrker. The worker's role is supported by volunteers locally re£arding administrative duties. Induction and training of new trustees Any potential new Trustee would undergo briefings on their legal obligations under charity and company law and are given a copy of the charity's governing document together with the background information furnished by the Charity Commission when the charity was registered in 2001. Related parties Rev.Dr Christine Darg s (Company Secretary) spouse, Mr Peter Darg. receives pension contributions of £6,000 during the year. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04178132 (England and Wales) Registered Charity number 1085931 Registered office 2 Wyevale Business Park Kings Acre Hereford Herefordshiie HR4 7BS Trustees Rev M E Masih (Chairman) Miss B Dingle (Administrator) Mr P Lineen (Accountant) Company Secretary Rev. Dr C Darg Independent Examiner Lisa Weaver FCCA Thorne Widgery Accountancy Ltd Chartered Accountants 2 Wyevale Business Park Kings Acre Hereford Herefordshire HR4 7BS Bankers Royal Bank of Scotland 21 Broad Street Hereford HR4 9AP Page 3
Ex loits Minist Re ort of the Tru5tee5 for the Year Ended 31 March 2024 EVENTS SINCE THE END OF THE YEAR Information relating to events 5Tnce the end of the year is given in the notes to the financial statements. Approved by order of the board of tnjstees on . and Signed on it5 behalf by- Mr P Lineen Trustee Page 4
Inde endent Examiner's Re ort to the Trustees of Ex loits Minist Independent examiner's report to the trustees of Exploits Ministry {'the Company ) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basis of report As the charity s trustees of the Company land also its directors for the purposes of company law} you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 1.the 2006 Act.). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 21K)6 Act and are eligible for Tndependent examination, I report in respect of my examination of your charity s accounts as carried out under Section 145 of the Charitie5 Act 2011 1.the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145151 Ibl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by Section 386 of the 21X)6 Act. or the accounts do not accord with those records- or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination" or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities {applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matters in connectloll WTth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Lisa Weaver FCCA Thorne Widgery Accountancy Ltd Chartered Accountants 2 Wyevale Business Park King5 Acre Hereford Herefordshire HR4 7BS Date: ..4.i.s.Izs Page 5
Ex loits Minist Statement of Financial Activitie5 for the Year Ended 31 March 2024 31.3.24 Unrestricted fund 31.3.23 Total funds Notes INCOME AND ENDOWMENTS FROAI Donations and legacies 67,109 62,870 Investment income 151 67 Total 67,260 62,937 EXPENDITURE ON Charitable activities Promotion of Christian knowledge 77,905 74,186 NET INCOMEI(EXPENDITURE {10.6451 {11,2491 RECONCILIATION OF FUNDS Total f unds brought forward 100,057 111,306 TOTAL FUNDS CARRIED FORWARD 89.412 100,057 The notes fomi part of these financTal statements Page 6
Ex loit5 Minist Balance Sheet 31 March 2024 31.3.24 Unrestricted fund 31.3.23 Total funds Notes FIXED ASSETS Tangible assets 10 86,692 86,001 CURRENT ASSETS Debtors Cash at bank 11 1,352 4,861 451 13,605 6,213 14,056 CREDITORS Amounts falling due within one year 12 (3.493) NET CURRENT ASSETS 2,720 14,056 TOTAL ASSETS LESS CURRENT LIABILITIES 89,412 100,057 NET ASSETS 89.412 100,057 FUNDS Unrestricted fLAnds 13 89,412 100,057 TOTAL FUNDS 89,412 100,057 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for la) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirement5 of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. Ibl These financial statements have been prepared in accordance with the provisions applicable to charitable companie5 subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue and were signed on it5 behalf by: on Mr P Lineen Trustee The notes form part of these financial statement5
loits Minist Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES BasTS of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charitie5- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191,, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 2006. The financial statements have been prepared under the histoiical cost convention. Going concern The Trustee5 have considered the future of the organisation in light of the current economic pressures and feel that due to its nature, the income will not be adversely affected. however Tf it were, savings in expenditure can be made in the short to medium term. At the year end a deficit was made of £10,645 {2023: £11,249) and cash at bank was 14,861 (2023: £13,605). Due to these factors, the Trustees believe the organisation is a going concern for the foreseeable future or at least twelve months from date of signing these financial statements.Although there is still some uncertainty, the trustee5 consider that the going concern ba515 is appropriate. Income Income is recognised when the charity has entitlement to the funds. any performance conditions attached to the itemlsl of income have been met. 7t is probable that the income will be received and the amount can be measured reliably. Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met. the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank. Expenditure Liabilities are recognised as expenditure as 500n as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basi5 and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Tangible fixed asset5 Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Long leasehold Fixtures and fittings Computer equipment Over the life of the lease 15% on reducing balance 33% on reducing balance Taxation The charity is exempt from corporation tax on its charitable activities. Page 8 continued.
Ex loits Minist Notes to the Financial Statement5 - continue(I for the Year Ended 31 March 2024 ACCOUNTING POLICIES- continued Fund accounting Unrestricted funds can be used in accordance with the charitable obiectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discount5 due. Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less f rom the date of acquisition or opening of the deposit or similar account. Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of fund5 to a third party and the afflount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowng for any trade discounts due. DONATIONS AND LEGACIES 31.3.24 31.3.23 Donations Gift aid donations Gift aid received 38,834 21,843 6,432 38,310 21.922 2.638 67,109 62.870 INVESTMENT INCOME 31.3.24 31.3.23 Deposit account interest 151 67 Page 9 continued..-
loits Minist Notes to the Financial Statements - continued for the Year Ended 31 March 2024 CHARITABLE ACTIVITIES COSTS Grant funding of activities {see note 5) Support costs (see note 61 DTrect Costs Totals Promotion of Christian knowledge 66,025 8,510 3,370 77,905 GRANTS PAYABLE 31.3.24 31.3.23 Promotion of Christian knowledge 8.510 7,440 The total grants paid to institutions during the year was as foll0v- 31.3.24 31.3.23 Euro Vision Revelation TV Christian Friends of Magen David Adom. Israel Medical Charity Cawrm Ltd Red Cross Israel 240 4.800 2,300 300 870 240 4,800 300 1,800 8,510 7,440 SUPPORT COSTS Governance costs Finance Totals Promotion of Christian knowledge 250 3.120 3,370 NET INCOMEI{EXPENDITURE Net income/ (expenditure) is stated after chargingl (crediting): 31.3.24 31.3.23 Depreciation owned assets Surplus on disposal of fixed assets Independent examination fee 2,518 17771 3,120 1,640 2,981 Page 10 continued...
Ex loits Minist Notes to the Financial Statements - continued for the Year Ended 31 March 2024 TRUSTEES. REMUMERATION AND BENEFITS There were no trustees. remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenses Expenses of £Nil 12023: £Nill was reimbursed to no 12023- no) trustee. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 62,870 Investment income 67 Total 62,937 EXPENDITURE ON Charitable activities Promotion of Christian knowledge 74,186 NET INCOME/(EXPENDITURE) 111,2491 RECONCILIATION OF FUNDS Total funds brought forward 111,306 TOTAL FUND5 CARRIED FORWARD 100,057 10. TANGIBLE FIXED ASSETS Fixtures and fittTngs Long leasehold Computer equipment Totals COST At 1 April 2023 Additions 101.758 7.227 9,986 3,209 118,971 3,209 At 31 March 2024 101.758 7.227 13,195 122,180 DEPRECIATION At 1 April 2023 Charge for year 17,474 1,027 6.492 110 32,970 2,518 1,381 At 31 March 2024 18,501 6.602 10,385 35,488 NET BOOK VALUE At 31 March 2024 83,257 625 2.810 86,692 At 31 March 2023 84.284 735 982 86,CN)1 Page11 continued...
loits Minist Notes to the Financial Statements - continued for the Year Ended 31 March 2024 10. TANGIBLE FIXED ASSETS- continued The long leasehold consists of a 99 year lease of a property. this is included at cost less depreciation in the accounts. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Prepayments and accrued income 1,352 451 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Accruals and deferred income 3,493 MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 100,057 {10,6451 89,412 TOTAL FUNDS 100,057 {10,6451 89,412 Net movement in funds. included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 67.260 (77,905} 110,6451 TOTAL FUNDS 67,260 {77,905 110,6451 Comparatives for movement in funds Net movement in fund5 At 31.3.23 At 1.4.22 Unrestricted funds General fund 111,306 111,2491 1(Kl,057 TOTAL FUNDS 111,306 111,2491 100,057 Page 12 continued...
Ex loits Minist Notes to the Financial Statements - continued for the Year Ended 31 March 2024 13. MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows- Incoming resources Resources expended Movement in funds Unrestricted funds General fund 62.937 174,1861 111,2491 TOTAL FUNDS 62.937 74,1861 111,2491 14. RELATED PARTY DISCLOSURES Rev C Darg and Mr P Darg continue to represent the charitable company in promotional videos and other work. They are compensated lor their time via contributions from Exploits Ministry to their personal pension scheme5. The cost of which is shown within -Promotion of Christian Knowledge- in the financial statements. Pension contributions of £6.IXiO 12023: £6.0001 were made to Rev. Dr. Christine Darg, company secretary to the charitable company, and £6.0(K)12023: £6.000) to Mr Peter Darg spouse. on their behalf by the charitable company. 15. POST BALANCE SHEET EVENTS Legal proceedings are ongoing to ascertain the ultimate ownership of the leasehold property included on the balance shtset with a net book value of £83.256. as this is being disputed. This property 15 currently held under a 99 year lease by the charitable company. At present there are no indications that the charitable company will not be able to continue using the property for their charitable purpose5. 16. ULTIMATE CONTROLLING PARTY The company is jointly controlled by the Trustees. Page 13