## Nine Thirty Eight 9:38 Report and Accounts Year ended 31 December 2024 1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk 1 ## **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 1 ## **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). 2 ## **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 3 ## **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 2. 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 4 ## **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. 5 ## **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. 6 ## **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| 7