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2022-12-31-accounts

Nine Thirty Eight Report and Accounts Year ended 31 December 2022 09:38 GOSPEL WORKERS FOR LOCAL CHURCHES

Nine Thirty Eight

LEGAL & ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 31 DECEMBER 2022

ADDRESS FOR CORRESPONDENCE 577 Kingston Road Raynes Park London SW20 8SA GOVERNING DOCUMENT Declaration of Trust dated 30th January 2002 Constitution dated November 2021 CHARITY REGISTRATION NUMBER 109288 TRUSTEES RESPONSIBLE FOR Richard Coekin (Chair) MANAGING THE CHARITY Fran Kirby (appointed 4th February 2022) Mark Murthen (appointed 21 October 2022) Elizabeth Smallwood Peter Snow STEERING COMMITTEE Danny Rurlander Carrie Sandom Ralph Cunnington Lizzie Ling INDEPENDENT EXAMINER Sarah Crispin ACA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

INDEX

Page 1 Legal & Administrative Details Pages 2-4 Trustees' Report Page 5 Independent Examiner's Report Page 6 Receipts and Payments Account Page 7 Statement of Assets & Liabilities Page 8 Notes to the Accounts

Page 1

Nine Thirty Eight

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2022

The Trustees have pleasure in submitting the Report and Accounts for the year ended 31 December 2022.

Objects of the charity

The charity is governed by a Trust deed and is constituted as a trust. The charity's principal object, as set out in its governing document, is 'To promote the gospel of our Lord Jesus Christ, in particular by encouraging, recruiting and training men and women to be involved in gospel ministry.'

Summary of the charity's main activities and achievements

To further the above objects and vision, the charity's main activities and achievements were as follows:

1) In January 2022 we had our first in person conference after the COVID-19 Pandemic. It was held at High Leigh Conference Centre. Ministry Trainees were inspired and equipped to Maximise their gospel ministry, Students and workers were given the opportunity to consider full or part time gospel work, and trainers were encouraged and sharpened in raising up others. The over all theme was outreach and evangelism.

2) Through connecting and networking with local clusters of churches or regional gospel partnerships we encouraged people to consider gospel work, and encouraged and equipped local churches to be considering how they can grow that work in their church.

3) We developed our website to include more resources on how we can equip more people to think about Gospel ministry, and how to get the most out of their ministry.

4) To promote ministry vacancies and training opportunities through enhanced online search engines, online advertising and social media.

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Page 2

In setting our strategic objectives and planning our activities, our Trustees have given careful consideration to the Charity Commission’s public benefit guidance. Specifically, in 2022, public benefit could be seen in a number of ways:

Financial review

During the year income decreased by £5,174, to £43,827, and expenditure increased by £10,959, to £49,495. As a result the cash held by the charity decreased by £5,668 to £70,635 all of which is unrestricted and can be used for any charitable purpose.

There are various reasons for the drop in cash held by the charity:

Reserves policy

The trustees have determined that the charity should aim to hold unrestricted cash of no less than £30,000 (which equates to about six months' of unrestricted expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £70,635 and the charity is complying with its reserves policy.

Page 3

Governance

Responsibility for setting policy and for making operating decisions rest with the trustees who meet regularly to monitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to our Director Andy Fenton. New trustees are recruited and appointed by the existing trustees, by a majority vote.

We Maintained our ‘Steering Group’ to advise 9:38, particularly over the development of Maximise 2023 and development of ministry, continuing to allow the trustees to focus on guarding the vision of 9:38.

In March 2022 we met for a vision day to rethink and strategise the way forward for 9:38. Both Trustees and Steering group were invited to this day. The main topics of the discussion were as follows:

Responsibilities of trustees

Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.

We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.

We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

Approval

This report was approved by the trustees and signed on their behalf by:

_________ Fran Kirby

Date:_____30/10/23

Page 4

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

Nine Thirty Eight

I report to the trustees on my examination of the accounts of Nine Thirty Eight ('the charity') for the year ended 31 December 2022 on pages 6 to 8 following.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).

I report in respect of my examination of the charity’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(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in accordance with section 130 of the 2011 Act; or

  1. the accounts do not accord with the accounting records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Sarah Crispin ACA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

Date: 30 October 2023

Page 5

Nine Thirty Eight

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2022

Notes
Income receipts
Donations
Gift aid receipts
Income from Maximise Conference
Advertising
Other
Total receipts
Payments
2
Total payments
Net of receipts / (payments) before transfers
Transfers between funds
4
Net movement in funds
Cash funds as at last year end
Cash funds at this year end
A
Payments
in
relation
to
charitable
activities undertaken directly		 General
Designated
Funds
Funds
£
£
18,317
-
-
20,656
-
4,690
-
164
-
43,827
-
42,814
-
42,814
-
1,013
-
-
1,013
-
69,622
-
70,635
-
Unrestricted Funds		 Restricted
Funds
£
-
-
-
-
-
-
6,681
6,681
(6,681)
-
(6,681)
6,681
-		 2022
£
18,317
-
20,656
4,690
164
43,827
49,495
49,495
(5,668)
-
(5,668)
76,303
70,635		 2021
£
General
Funds
£
18,317
20,656
4,690
164
43,827
42,814
42,814
1,013
-
1,013
69,622
70,635
24,045
1,084
17,250
6,273
349
49,001
38,536
38,536
10,465
-
10,465
65,838
76,303

The notes on page 8 form part of these accounts.

Page 6

Nine Thirty Eight

STATEMENT OF ASSETS AND LIABILITIES

FOR THE YEAR ENDED 31 DECEMBER 2022

Notes
A Cash funds
Cash at bank with immediate access
Petty cash
B
Other monetary assets
Gift aid due to charity
Other debtors
C
Liabilities
Falling due within one year
Trade creditors
Fee for Independent Examination
Falling due after one year:
Trade Creditors
Total
he accounts were approved by the trustees and signed o
_____
Fran Kirby
Date:_____
30/10/23		 General
Designated
funds
funds
£
£
70,635
-
-
-
70,635
-
2,082
-
700
-
2,782
-
16,428
-
720
-
17,148
-
-
-
-
-
17,148
-
n their behalf by:
Unrestricted Funds		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-		 2022
£
70,635
-
70,635
2,082
700
2,782
16,428
720
17,148
-
-
17,148		 2021
£
76,273
30
76,303
962
500
1,462
17,798
600
18,398
18,592
18,592
36,990

The accounts were approved by the trustees and signed on their behalf by:

The notes on page 8 form part of these accounts.

Page 7

Nine Thirty Eight

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

2
Payments in relation to charitable activities undertaken directly
Employment costs
Office costs
Maximise Conference
Travel
Professional fees & governance		 Unrestrict Designated
funds
£
-
-
-
-
-
-
ed Funds		 Restricted
Funds
£
6,681
-
-
-
-
6,681		 Total
2022
£
24,721
954
21,624
415
1,782
49,495		 Total
2021
£
General
funds
£
18,040
954
21,624
415
1,782
42,814
29,644
912
6,386
149
1,445
38,536

3 Transactions with related parties

No payments outside of normal expenses were paid to trustees or close connections.

4 Movement of funds

General funds
Restricted funds
Director's Fund
Total funds		 Opening
balance
£
69,622
6,681
6,681
76,303		 Receipts
£
43,827
-
-
43,827		 Payments
£
(42,814)
(6,681)
(6,681)
(49,495)		 Transfers
£
-
-
-
-		 Closing
balance
£
70,635
-
-
70,635

Page 8