2024-12-31-accounts

Nine Thirty Eight 9:38

Report and Accounts Year ended 31 December 2024

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

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NINE THIRTY EIGHT 9:38

LEGAL AND ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 31 DECEMBER 2024

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 MANAGING THE CHARITY

Fran Kirby Mark Murthen Orlando Saer (appointed January 2024) Elizabeth Smallwood Peter Snow (resigned May 2025)

BANKERS INDEPENDENT EXAMINER

Lloyds Bank plc

Sarah Crispin ACA 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

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Nine Thirty Eight

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees have pleasure in submitting the Report and Accounts for the year ended 31 December 2024.

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 objectives and vision, the charity's main activities and achievements were as follows:

• 1) In January 2024, 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 ‘The Word of God and why it matters’.

• 2) We held a Consultation Day in May 2024 where we brought together stakeholders from churches, parachurch organisations, regional networks and theological colleges to discuss how to address the shortage of people stepping forward to be trained for gospel work.

• 3) 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.

• 4) We began the process of building a new website (to be launched March 2025).

• 5) We promoted 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.

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 2024, 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’s Consultation Day was a key opportunity for developing relationships across the UK’s evangelical networks as well as addressing the issue of a shortfall in trained gospel workers.

• ✦ 9:38 promoted 42 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 such as Associate Pastor for Women, Finance Manager and Children’s Minister.

Financial review

9:38’s income during 2024 increased by £1,530 compared to 2023, while the expenditure decreased by £2,629 over the same period. The cash held by the charity decreased by £15,960 to £34,556 which is unrestricted and can be used for any charitable purpose. It is worth noting that expenditure on the Maximise Conference was extremely and unusually high for 2024 because The Christian Conference Trust (which owns High Leigh, the conference venue) has changed its billing schedule and this was the financial year in which that change hit 9:38. In 2024, 9:38 paid the bulk of the cost for Maximise 2024 (£15,186 in January) as well as the entirety of the cost for Maximise 2025 (£25,154 spread over three payments).

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Reserves policy

The Trustees have determined that the charity should aim to hold unrestricted cash which equates to approximately six months of unrestricted expenditure so that the charity could continue to operate should income and / or expenditure vary adversely. With only one part-time employee, that means 9:38 must always hold at least £16,500 in unrestricted cash. At the year end, the charity held unrestricted cash of £30,714 and restricted cash of £3,842 and is therefore 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 2024 was delegated to the Director, Andy Fenton, and then (upon his resignation in April 2024) to Fran Kirby (Administrator and Trustee). 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.

9:38’s Trustees 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.

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

Mark Murthen Mark Murthen (Sep 12, 2025 10:04:58 GMT+1) Sep 12, 2025

Mark Murthen

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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 2024 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: 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

Sarah Crispin (Sep 18, 2025 09:03:15 GMT+1)

_____ Sarah Crispin ACA

Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

Date:______ Sep 18, 2025

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NINE THIRTY EIGHT 9:38

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

							Unrestricted	Funds
							General	Designated		Restricted	Total	Total
							Funds		Funds	Funds	2024	2023
						Notes	£		£	£	£	£
Income receipts
Donations							13,845		-	-	13,845	23,514
Gift aid receipts							2,804		-	2,500	5,304	-
Income from Maximise Conference							21,975		-	-	21,975	15,887
Advertising							2,870		-	-	2,870	3,130
Bank Interest							361		-	-	361	293
Total receipts							41,855		-	2,500	44,355	42,825
Payments
Payments in relation to activities undertaken directly				charitable		2	59,235		-	1,080	60,315	62,944
Total payments							59,235		-	1,080	60,315	62,944
Net of receipts / transfers		(payments)			before		(17,380)		-	1,420	(15,960)	(20,119)
Transfers between funds						4	-		-	-	-	-
Net movement in funds							(17,380)		-	1,420	(15,960)	(20,119)
Cash funds as at	last	year end					48,094		-	2,422	50,516	70,635
Cash funds at this year end						A	30,714		-	3,842	34,556	50,516

The notes on page 7 form part of these accounts.

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NINE THIRTY EIGHT 9:38

STATEMENT OF ASSETS AND LIABILITIES

FOR THE YEAR ENDED 31 DECEMBER 2024

A Cash funds Cash at bank with immediate access B Other monetary assets Gift aid due to charity Conference costs paid in advance Other debtors C Liabilities Falling due within one year: Conference fees received in advance Fee for Independent Examination	General Designated funds funds £ £ 30,714 - 30,714 - 362 - 25,620 2,614 - 28,596 - 20,972 - 906 - 21,878 - Unrestricted Funds	Restricted funds £ 3,842 3,842 - - - -	Total 2024 £ 34,556 34,556 362 2,614 2,976 20,972 906 21,878	Total 2023 £
				50,516
				50,516
				5,224 1,783
				7,006
				15,441 840
				16,281

D Assets retained for charity's own use

Equipment

Fund to which asset belongs General	Value 2024 £
	6,465
	6,465

Current values have been estimated by the trustees.

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

by Mark Murthen (Sep 12, 2025 10:04:58 GMT+1)Mark Murthen date Sep 12, 2025

_____Mark Murthen _____

The notes on page 7 form part of these accounts.

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NINE THIRTY EIGHT 9:38

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

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 £ - - - - - 1,080 - 1,080	Total 2024 £ 15,259 1,384 40,731 461 910 1,080 490 60,315	Total 2023 £
		General funds £ 15,259 1,384 40,731 461 910 - 490 59,235
						35,183 1,398 17,165 846 720 7,578 55
						62,944

3 Transactions with related parties

Francesca Kirby was employed by the charity as administrator and was paid £8436 for serving in that capacity, not for serving as trustee.

No other 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 £ 48,094 48,094 2,422 2,422 50,516	Receipts £ 41,855 41,855 2,500 2,500 44,355	Payments £ (59,235) (59,235) (1,080) (1,080) (60,315)	Transfers £ - - - - -	Closing balance £
					30,714
					30,714
					3,842
					3,842
					34,556

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