Nine Thirty Eight 9:38
Report and Accounts Year ended 31 December 2023
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
NINE THIRTY EIGHT 9:38
LEGAL AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 DECEMBER 2023
ADDRESS FOR CORRESPONDENCE 78 Ashburn Road Stockport SK4 2PU GOVERNING DOCUMENT Declaration of Trust dated 30 January 2002 as amended 24 January 2024 CHARITY REGISTRATION NUMBER 1092881 TRUSTEES RESPONSIBLE FOR Richard Coekin (resigned December 2023) MANAGING THE CHARITY Fran Kirby Mark Murthen Orlando Saer (appointed January 2024) Elizabeth Smallwood Peter Snow BANKERS Lloyds Bank plc INDEPENDENT EXAMINER Jaimée Young Stewardship 1 Lamb's Passage LONDON EC1Y 8AB INDEX Page 1 Legal and Administrative Details Pages 2-3 Trustees' Report Page 4 Independent Examiner's Report Page 5 Receipts and Payments Account Page 6 Statement of Assets & Liabilities Page 7 Notes to the Accounts
Page 1
NINE THIRTY EIGHT 9:38
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
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.'
Review 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 2023, we held our annual Maximise Conference at High Leigh Conference Centre. Ministry Trainees were inspired and equipped to maximise their gospel ministry and church leaders were encouraged and sharpened in raising up others. The overall theme was ‘cross-centred ministry’.
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) We promoted ministry vacancies and training opportunities through enhanced online search engines, online advertising and social media.
5) The position of Chair of Trustee was passed from Richard Coekin to Orlando Saer (Senior Pastor of Christ Church Southampton) in winter 2023.
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 2023, public benefit could be seen in a number of ways:
✦ 9:38 held another Maximise Conference where attendees were equipped with quality training in how to invest their lives in the mission of Christ and reaching others with the good news.
✦ 9:38 continued to give consultancy to churches on setting up traineeships, specifically in the area of negotiating issues of financial support for trainees.
✦ 9:38 promoted 37 ministry positions in a range of local churches in England and Wales. These varied from Ministry Trainee positions (both paid and voluntary) through to staff team roles: Youth Workers, Assistant Ministers etc.
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Financial review
9:38’s income during 2023 decreased by £1,002 compared to 2022, while the expenditure rose by £13,449 over the same period. As a result, the cash held by the charity decreased by £20,199 to £50,516, of which £48,094 is unrestricted and can be used for any charitable purpose. There are various reasons for the drop in cash held by the charity:
✦ A delayed Gift Aid claim for the years 2021, 2022 and 2023. All three claims were filed in January 2024.
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✦ Increased spending on payroll due to employees’ hours increasing.
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✦ Decrease in revenue from online advertising due to 9:38’s advertising platform continuing to decline in use.
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✦ The costs of the conference centre continuing to increase (£123pp in 2021, to £148pp in 2022, to £166pp in 2023 conference).
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 £48,094 and the charity is complying with its reserves policy.
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 during 2023 was delegated to the 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 with regard to the Maximise Conference), thereby allowing the Trustees to focus on guarding the vision of 9:38.
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:
Mark Murthen
____ Mark Murthen (Oct 4, 2024 09:53 GMT+1) Mark Murthen
Date:_____ Oct 4, 2024
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INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
NINE THIRTY EIGHT 9:38
I report to the trustees on my examination of the accounts of Nine Thirty Eight 9:38 ('the charity') for the year ended 31 December 2023 on pages 5 to 7 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:
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accounting records were not kept in accordance with section 130 of the 2011 Act; or
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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.
J. Young J. Young (Oct 4, 2024 09:57 GMT+1) _____ Jaimée Young
Stewardship 1 Lamb's Passage LONDON EC1Y 8AB Oct 4, 2024 Date:______
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NINE THIRTY EIGHT 9:38
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
| Unrestricted | Funds | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| General | Designated | Restricted | Total | Total | ||||||||
| Funds | Funds | Funds | 2023 | 2022 | ||||||||
| Notes | £ | £ | £ | £ | £ | |||||||
| Income receipts | ||||||||||||
| Donations | 13,514 | - | 10,000 | 23,514 | 18,317 | |||||||
| Gift aid receipts | - | - | - | - | - | |||||||
| Income from Maximise Conference | 15,887 | - | - | 15,887 | 20,656 | |||||||
| Advertising | 3,130 | - | - | 3,130 | 4,690 | |||||||
| Other | 293 | - | - | 293 | 164 | |||||||
| Total receipts | 32,825 | - | 10,000 | 42,825 | 43,827 | |||||||
| Payments | ||||||||||||
| Payments in relation to activities undertaken directly |
charitable | 2 | 55,366 | - | 7,578 | 62,944 | 49,495 | |||||
| Total payments | 55,366 | - | 7,578 | 62,944 | 49,495 | |||||||
| Net of receipts / transfers |
(payments) | before | (22,541) | - | 2,422 | (20,119) | (5,668) | |||||
| Transfers between funds | 4 | - | - | - | - | - | ||||||
| Net movement in funds | (22,541) | - | 2,422 | (20,119) | (5,668) | |||||||
| Cash funds as at | last | year end | 70,635 | - | - | 70,635 | 76,303 | |||||
| Cash funds at this year end | A | 48,094 | - | 2,422 | 50,516 | 70,635 |
The notes on page 7 form part of these accounts.
Page 5
NINE THIRTY EIGHT 9:38
STATEMENT OF ASSETS AND LIABILITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
| A Cash funds Cash at bank with immediate access B Other monetary assets Gift aid due to charity Other debtors C Liabilities Falling due within one year: Conference fees received in advance Fee for Independent Examination |
General Designated funds funds £ £ 48,094 - 48,094 - 2,724 - 1,783 - 4,506 - 15,441 - 840 - 16,281 - Unrestricted Funds |
Restricted funds £ 2,422 2,422 2,500 2,500 - - - |
Total 2023 £ 50,516 50,516 5,224 1,783 7,006 15,441 840 16,281 |
Total 2022 £ |
|---|---|---|---|---|
| 70,635 | ||||
| 70,635 | ||||
| 2,082 700 |
||||
| 2,782 | ||||
| 16,428 720 |
||||
| 17,148 |
| D | Assets retained for charity's own use |
|---|---|
| Equipment |
| Fund to which asset belongs General |
Value 2023 £ |
| 7,578 | |
| 7,578 |
Current values have been estimated by the trustees.
The accounts were approved by the trustees and signed on their behalf
by Mark Murthen (Oct 4, 2024 09:53 GMT+1) _____Mark Murthen Mark Murthen date _____ Oct 4, 2024
The notes on page 7 form part of these accounts.
Page 6
NINE THIRTY EIGHT 9:38
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
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 and insurance Maximise Conference Travel Professional fees & governance Podcast equipment and material Other costs |
Unrestrict | Designated funds £ - - - - - - - - ed Funds |
Restricted Funds £ - - - - - 7,578 - 7,578 |
Total 2023 £ 35,183 1,398 17,165 846 720 7,578 55 62,944 |
Total 2022 £ |
|
|---|---|---|---|---|---|---|
| General funds £ 35,183 1,398 17,165 846 720 - 55 55,366 |
||||||
| 25,783 954 21,624 415 720 - - |
||||||
| 49,495 |
Transactions with related parties
No payments were made to trustees or persons related to them, except for reimbursement of expenses paid out on behalf of the charity.
| 4 Movement of funds General funds Restricted funds Podcasting and website Total funds |
Opening balance £ 70,635 70,635 - - 70,635 |
Receipts £ 32,825 32,825 10,000 10,000 42,825 |
Payments £ (55,366) (55,366) (7,578) (7,578) (62,944) |
Transfers £ - - - - - |
Closing balance £ |
|---|---|---|---|---|---|
| 48,094 | |||||
| 48,094 | |||||
| 2,422 | |||||
| 2,422 | |||||
| 50,516 |
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