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← Ministries Without Borders International

2025-03-31-accounts

REGISTERED CHARITY NUMBER: 1095446

Financial Statements for the Year Ended 31 March 2025

for

Ministries Without Borders International

The Rowleys Partnership Ltd Statutory Auditors Chartered Accountants Charnwood House Harcourt Way Meridian Business Park Leicester Leicestershire LE19 1WP

Ministries Without Borders International

Contents of the Financial Statements for the Year Ended 31 March 2025

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 6
Report of the Independent Auditors 7 to 10
Statement of Financial Activities 11
Balance Sheet 12 to 13
Cash Flow Statement 14
Notes to the Cash Flow Statement 15
Notes to the Financial Statements 16 to 26

Ministries Without Borders International

Reference and Administrative Details for the Year Ended 31 March 2025

TRUSTEES D Gregg
J C P Smith
J Ashton-Davies
PRINCIPAL ADDRESS All Nations Centre
Sachville Avenue
Heath
Cardiff
CF14 3NY
REGISTERED CHARITY NUMBER 1095446
AUDITORS The Rowleys Partnership Ltd
Statutory Auditors
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP
BANKERS HSBC Bank Plc
South Glamorgan
Cardiff
CF10 2PX

Page 1

Ministries Without Borders International

Report of the Trustees for the Year Ended 31 March 2025

The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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 (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Ministries Without Borders is very well established and actively engaged in the promotion of the Christian gospel in the United Kingdom and throughout the world. It works with churches and individuals to take the message of the gospel to every nation believing that there is no country that cannot be entered or borders crossed if God tells you to go.

We help individuals, churches and communities with practical assistance and financial aid. The finances to support this work come from the generous, faith fuelled giving of our partners in the gospel around the United Kingdom and beyond. We are so grateful to the individuals and churches that partner with us. They all know that funds donated, will get to the point of need, with a minimum of administration costs and help to show the practical love of Jesus and advance the gospel across the nations.

The objectives of Ministries Without Borders are to be carried out in such parts of the United Kingdom or the world as the trustees deem appropriate.

Our core objectives are:

Public benefit

Ministries Without Borders has advanced the gospel through various evangelism initiatives. Churches and the wider communities have benefitted from many activities and community programmes for all ages, both in the UK and abroad.

We have helped those in need, experiencing hardship, those in distress, or having issues with age or sickness, both in the local community and further afield. Finance has been made available to provide food, clothing and shelter or other resources as required.

We have provided instruction in the Christian faith by running conference and training events to equip all who attend.

ACHIEVEMENTS AND PERFORMANCE

The charity has provided financial support throughout the United Kingdom and to many countries overseas. Below is a global snapshot of our involvement:

World Watch Conference: We hosted this in Cardiff in November 2024 with contributions from many different nations. We focused on the growing of the gospel and making a difference in the world.

Page 2

Ministries Without Borders International

Report of the Trustees for the Year Ended 31 March 2025

Youth Conference: Hosted at Cefn Lea, Mid-Wales - We saw an increase in numbers from last year and over 200 teenagers joined together over a weekend to be encouraged, stirred and sharpened in their faith.

Prophetic ministry gatherings : A group of prophetic people have been regularly gathering for encouragement and instruction around the country - the aim is to continue to develop this in the coming year.

Young Adults Conference: Hosted at Cefn Lea, Mid-Wales, this conference titled "Awaken" drew together students and young adults from around the United Kingdom to hear teaching to strengthen faith, have opportunities to create friendships and be inspired to reach out and fulfill the Great Commission.

Example of support to a local community: In the United Kingdom, following the tragedy in Southport where 3 children were murdered at a holiday club, we were able to provide funds, administered by the local church that created various events and support, throughout the year to the local community. This included the offer of counselling, therapy, family activities and events, as well as a number of creative ways to express support to the children and town affected by the deaths. All this has had significant impact in the town.

Ministry Support & Development: Various ministry trips and gatherings have been co-coordinated and supported by Ministries Without Borders during the last year - including Apostles meeting together with other Ephesians 4 ministry gifts. Support has also been provided for ministries in Brazil, Norway, Philippines, the United Kingdom and Zambia.

Mission Support: A variety of support has been given to teams and individuals who went on missions to places including Kenya, Eswatini, Brazil and a new church plant in Leamington Spa, England.

In addition, Dunamis teams from Brazil have visited some of the churches in Wales, the Midlands and the north of England. They have worked alongside the churches to reach out in evangelism. There have been many people who have heard the gospel, been prayed for, and amongst the churches, there are testimonies of people having received Christ. This partnership has proved to be encouraging for both the churches and the Dunamis teams and we look forward to further developing the links with them in the years ahead.

Support Into The Nations: During the year we have been able to offer support to people, ministries and churches in various nations around the world including In Bhutan, Brazil, Estonia, Eswatini, Kenya, Norway, Philippines, and Zambia.

Whether we support the poor, a church plant, a church ministry, a mission or provide funds for medicines, a bus project or housing - all our donations make a huge difference whatever the nation.

Poor & Needy support

We have throughout the year been able to support many people in the United Kingdom and countries beyond from our "poor and needy" fund - helping them in times of hardship and difficulty.

Page 3

Ministries Without Borders International

Report of the Trustees for the Year Ended 31 March 2025

FINANCIAL REVIEW

Financial review and reserves policy

Full details of the financial transactions are contained in the attached accounts. The total incoming resources for the year were £836,372 (2024 - £948,563), and after deducting resources expended of £681,408 (2024 - £795,442), this resulted in a surplus for the year of £154,964 (2024 - £153,121). The net assets of the Charity at 31 March 2025 amounted to £1,888,451 (2024 - £1,733,487) of which £191,628 (2024 - £119,424) was restricted.

The level of reserves will vary depending on the level of income as well as unexpected projects and opportunities we will support as Ministries Without Borders. As a minimum, we expect to carry a reserve level of £100,000, excluding restricted funds.

It is acknowledged by the Trustees that funds are currently high at the balance sheet date. Our reserves policy indicates that we will hold a minimum of 6 months running costs in our accounts and significant other reserves that enable the Charity to rapidly respond to immediate needs that happen around the world.

In light of the ongoing uncertain economic climate, we believe it is prudent to hold additional funds both from an income and poor & needy perspective. The Trustees are also always cognisant of the possibility of a property being purchased and while substantial funds have been designated for this, more maybe required.

Page 4

Ministries Without Borders International

Report of the Trustees for the Year Ended 31 March 2025

FUTURE PLANS

The Trustees intend to continue with the objectives of the charity as stated, with a particular focus on evangelism and equipping the churches.

There is a hoped for and anticipated development of our support and co-operation with DUNAMIS teams from Brazil - seeing teams of young missionaries from Brazil come into the United Kingdom, partnering with local churches in preaching the gospel and equipping the believers to better share their faith.

There will be a further United Kingdom Ministries and Elders conference in November 2025 - hosted at All Nations Church, Cardiff.

It is anticipated that we will host a "World Watch" Conference in November 2025 - drawing together people to hear what is happening around the churches in various nations - in particular where we have sent ministry and financial support.

It is planned that there will be another weekend Youth conference called "Ransomed" that will draw in youth from around the United Kingdom at Cefn Lea Conference Centre, in Wales.

It is hoped to see a continued development of prophetic ministries in the United Kingdom with gatherings around the regions during the year ahead.

Plans are already in place to establish the Neuma School of Mission. - We anticipate this will be running by Summer 2025. A part time course for those with a full time job! There will be online teaching, tutorials and encouragements, opportunities to participate in mission and outreach and be equipped to be sowers of seed and harvesters in the Kingdom.

In relation to the development and equipping of leaders MWB is co-ordinating the launch of AMP - The Applied Ministry Programme. This initiative will see current and future leaders equipped to handle the word of God, be given insight into leadership and teamwork and be inspired for mission. There will be in-person and online classes with mentoring from established leaders and teachers.

The existing trustees will in the coming year strengthen the trust by actively seeking an extension to the number of trustees.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

Ministries Without Borders International is constituted by a Declaration of Trust dated 28 August 2002 and is a Registered Charity, numbered 1095446.

The Trustees who served during the year were:

D Gregg J C P Smith J Ashton-Davies

The Trustees are responsible for the appointment and training of any new Trustee, including awareness of a trustee's responsibilities, the trust deed, charitable objectives and procedures.

Trustee meetings are held quarterly, and regular contact is maintained throughout the year to determine the distribution of funds.

Page 5

Ministries Without Borders International

Report of the Trustees for the Year Ended 31 March 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on ............................................. and signed on its 04/12/2025 behalf by:

JCPSmith

signed on 04/12/2025, 16:06:59 GMT

..................................................

J C P Smith - Trustee

Page 6

Report of the Independent Auditors to the Trustees of Ministries Without Borders International

Opinion

We have audited the financial statements of Ministries Without Borders International (the 'charity') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Page 7

Report of the Independent Auditors to the Trustees of Ministries Without Borders International

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Page 8

Report of the Independent Auditors to the Trustees of Ministries Without Borders International

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 9

Report of the Independent Auditors to the Trustees of Ministries Without Borders International

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

signed on 08/12/2025, 16:03:30 GMT The Rowleys Partnership Ltd (Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006) Statutory Auditors Chartered Accountants Charnwood House Harcourt Way Meridian Business Park Leicester Leicestershire LE19 1WP 08/12/2025

Date: .............................................

Page 10

Ministries Without Borders International

Statement of Financial Activities for the Year Ended 31 March 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Investment income
4
Total
EXPENDITURE ON
Raising funds
5
Charitable activities
6
Ministry
Support, Mission and Ministry expenses
Other
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
15
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
528,796
73,524
602,320
-
247,502
21,400
132,892
401,794
200,526
(117,766)
82,760
1,614,063
1,696,823		 Restricted
funds
£
234,052
-
234,052
76,342
173,032
30,183
57
279,614
(45,562)
117,766
72,204
119,424
191,628		 2025
Total
funds
£
762,848
73,524
836,372
76,342
420,534
51,583
132,949
681,408
154,964
-
154,964
1,733,487
1,888,451		 2024
Total
funds
£
888,992
59,571
948,563
91,866
531,945
67,829
103,802
795,442
153,121
-
153,121
1,580,366
1,733,487

The notes form part of these financial statements

Page 11

Ministries Without Borders International

Balance Sheet 31 March 2025

Notes
FIXED ASSETS
Tangible assets
12
CURRENT ASSETS
Debtors
13
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS		 Unrestricted
fund
£
288,251
4,406
1,415,866
1,420,272
(11,700)
1,408,572
1,696,823
1,696,823		 Restricted
funds
£
-
4,595
197,946
202,541
(10,913)
191,628
191,628
191,628		 2025
Total
funds
£
288,251
9,001
1,613,812
1,622,813
(22,613)
1,600,200
1,888,451
1,888,451		 2024
Total
funds
£
295,817
494,713
961,952
1,456,665
(18,995)
1,437,670
1,733,487
1,733,487

The notes form part of these financial statements

continued...

Page 12

Ministries Without Borders International

Balance Sheet - continued 31 March 2025

FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS		 1,696,823
191,628
1,888,451		 1,614,063
119,424
1,733,487

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 04/12/2025

Julie Ashton-Davies

.J Ashton-Davies - Trustee ~~...........................................~~ signed on 08/12/2025, 09:41:20 GMT .

David Gre gg

............................................. signed on 06/12/2025, 00:23:23 GMT D Gregg - Trustee

JCPSmith

.... ~~.........................................~~ signed on 04/12/2025, 16:06:59 GMT J C P Smith - Trustee

The notes form part of these financial statements

Page 13

Ministries Without Borders International

Cash Flow Statement for the Year Ended 31 March 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash provided by investing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 2025
£
629,916
629,916
(699)
22,643
21,944
651,860
961,952
1,613,812		 2024
£
(376,163)
(376,163)
-
24,074
24,074
(352,089)
1,314,041
961,952

The notes form part of these financial statements

Page 14

Ministries Without Borders International

Notes to the Cash Flow Statement for the Year Ended 31 March 2025

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operations
2.
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.24
£
Net cash
Cash at bank and in hand
961,952
961,952
Total
961,952		 2025
£
154,964
8,265
(22,643)
485,712
3,618
629,916
Cash flow
£
651,860
651,860
651,860		 2024
£
153,121
8,169
(24,074)
(486,357)
(27,022)
(376,163)
At 31.3.25
£
1,613,812
1,613,812
1,613,812

The notes form part of these financial statements

Page 15

Ministries Without Borders International

Notes to the Financial Statements for the Year Ended 31 March 2025

1. LEGAL STATUS OF THE CHARITY

Ministries Without Borders International is an unincorporated charity which is constituted by a Declaration of Trust dated 28 August 2002. The charity is registered with the Charity Commission under charity number 1095446. The registered office is All Nations Centre, Sachville Avenue, Heath, Cardiff CF14 3NY.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon 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 basis 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 payable are accounted for when they are paid or become legally enforceable.

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

Allocation and apportionment of costs

Governance costs comprise the costs of running the charity, including audit fees, legal advice and all costs in connection with statutory compliance and public accountability.

Tangible fixed assets

All tangible assets are capitalised and included at cost.

Depreciation has been provided to write off the cost less estimated residual values of tangible fixed assets, other than freehold land over their expected useful lives using the following rates

continued...

Page 16

Ministries Without Borders International

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Tangible fixed assets

Furniture and fittings 20% on cost Music and computer equipment 33.3% on cost Long leasehold property 2% on cost

Taxation

The Trust is a registered charity and accordingly is exempt from taxation on its income and gains where they are applied for charitable purposes.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives 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.Where gifts relate to capital items acquired or concern building issues, an appropriate transfer is made between restricted and unrestricted funds.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Concessionary loans

The charity provides interest free loans to other churches and institutions, these loans are not made to achieve a financial return but wholly to advance charitable purposes for the benefit of the charity's beneficiaries and are deemed as social investments.

These loans carry no formal repayment terms and are deemed repayable on demand, as a result the carrying amount of these loans has not been adjusted to fair value and are shown as other debtors due in less than one year.

Cash and cash equivalents

Cash and cash equivalents comprise cash in hand and cash on deposit.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

continued...

Page 17

Ministries Without Borders International

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

3. DONATIONS AND LEGACIES

Unrestricted
funds
£
Gifts
528,796
Conference fees
-
528,796		 Restricted
funds
£
162,135
71,917
234,052		 2025
Total
funds
£
690,931
71,917
762,848		 2024
Total
funds
£
828,642
60,350
888,992

4. INVESTMENT INCOME

Unrestricted
Restricted
funds
funds
£
£
Rents received
50,881
-
Deposit account interest
22,643
-
73,524
-		 2025
Total
funds
£
50,881
22,643
73,524		 2024
Total
funds
£
35,497
24,074
59,571

5. RAISING FUNDS

Raising donations and legacies

Unrestricted
Restricted
funds
funds
£
£
Room hire, catering and conference
costs
-
76,307
Accommodation costs
-
35
Tuition, course and graduation fees
-
-
-
76,342		 2025
Total
funds
£
76,307
35
-
76,342		 2024
Total
funds
£
68,665
19,835
3,366
91,866

continued...

Page 18

Ministries Without Borders International

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

6. CHARITABLE ACTIVITIES COSTS

Direct
Costs
£
Ministry
-
Support, Mission and Ministry
expenses
51,583
51,583
7.
GRANTS PAYABLE
Ministry
An analysis of payable gifts paid out by the charity in the year:
Ministry gifts
Other gifts
8.
SUPPORT COSTS
Management
£
Other resources expended
117,969		 Grant
funding of
activities
(see note
7)
£
420,534
-
420,534
2025
£
420,534
31.3.25
£
354,761
57,773
412,534
Governance
costs
£
14,980		 Totals
£
420,534
51,583
472,117
2024
£
531,945
31.3.24
£
480,529
51,416
531,945
Totals
£
132,949

continued...

Page 19

Ministries Without Borders International

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

8. SUPPORT COSTS - continued

Support costs, included in the above, are as follows:

Wages
Pensions
Rent, rates and insurance
Sundries
Depreciation of tangible assets
Auditors' remuneration
Bank charges		 2025
Other
resources
expended
£
47,065
2,127
42,180
18,332
8,265
13,545
1,435
132,949		 2024
Total
activities
£
50,999
2,394
23,358
8,522
8,169
9,000
1,360
103,802

9. TRUSTEES' REMUNERATION AND BENEFITS

The remuneration was paid in respect of administrative services and not for the role of a Trustee. This amounted to £8,874 for J Ashton-Davies for the year ended 31 March 2025 (2024: £7,533).

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

10. STAFF COSTS

Wages and salaries
Other pension costs		 2025
£
47,065
2,127
49,192		 2024
£
50,999
2,394
53,393

The average monthly number of employees during the year was as follows:

2025 2024
Administration staff 2 2

No employees received emoluments in excess of £60,000.

continued...

Page 20

Ministries Without Borders International

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Ministry
Support, Mission and Ministry expenses
Other
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
763,610
59,571
823,181
18,694
499,561
33,775
103,741
655,771
167,410
(1,007)
166,403
1,447,660
1,614,063		 Restricted
funds
£
125,382
-
125,382
73,172
32,384
34,054
61
139,671
(14,289)
1,007
(13,282)
132,706
119,424		 Total
funds
£
888,992
59,571
948,563
91,866
531,945
67,829
103,802
795,442
153,121
-
153,121
1,580,366
1,733,487

continued...

Page 21

Ministries Without Borders International

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

12. TANGIBLE FIXED ASSETS

Long
leasehold
£
COST
At 1 April 2024
371,479
Additions
-
At 31 March 2025
371,479
DEPRECIATION
At 1 April 2024
76,400
Charge for year
7,430
At 31 March 2025
83,830
NET BOOK VALUE
At 31 March 2025
287,649
At 31 March 2024
295,079
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments and accrued income		 Fixtures
and
fittings
£
4,265
-
4,265
4,265
-
4,265
-
-		 Computer
equipment
£
24,214
699
24,913
23,476
835
24,311
602
738
2025
£
4,406
4,595
9,001		 Totals
£
399,958
699
400,657
104,141
8,265
112,406
288,251
295,817
2024
£
490,305
4,408
494,713

continued...

Page 22

Ministries Without Borders International

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accruals and deferred income
Deferred income
Deferred income at 1 April 2024
Resources deferred in the year
Amounts released from previous years
Deferred income at 31 March 2025		 2025
£
22,613
2025
£
9,995
10,913
(9,995)		 2024
£
18,995
2024
£
20,303
9,995
(20,303)
9,995		 2024
£
18,995
10,913

At the reporting date, the charity was holding funds in relation to events that are due to take place in 2025/26.

15. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Philippines
Poor & Needy
Bible Training
Conference
Ministry
Literature
Evangelism
Kenya
Overseas Pastoral Support
Mission
TOTAL FUNDS		 At 1.4.24
£
1,614,063
-
80,293
8,839
-
2,596
17,523
10,173
-
-
-
119,424
1,733,487		 Net
movement
in funds
£
200,526
74
29,176
(35)
(4,447)
(10,596)
-
(30,183)
(13)
(29,538)
-
(45,562)
154,964		 Transfers
between
funds
£
(117,766)
(74)
-
(8,000)
4,447
8,000
-
77,221
13
36,085
74
117,766
-		 At
31.3.25
£
1,696,823
-
109,469
804
-
-
17,523
57,211
-
6,547
74
191,628
1,888,451

continued...

Page 23

Ministries Without Borders International

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

15. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Philippines
Poor & Needy
Bible Training
Conference
Ministry
Evangelism
Kenya
Overseas Pastoral Support
Brazil
TOTAL FUNDS		 Incoming
resources
£
602,320
2,924
57,613
-
71,917
1,232
-
11,361
83,880
5,125
234,052
836,372		 Resources
Movement
expended
in funds
£
£
(401,794)
200,526
(2,850)
74
(28,437)
29,176
(35)
(35)
(76,364)
(4,447)
(11,828)
(10,596)
(30,183)
(30,183)
(11,374)
(13)
(113,418)
(29,538)
(5,125)
-
(279,614)
(45,562)
(681,408)
154,964

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Poor & Needy
Bible Training
Conference
Ministry
Literature
Evangelism
TOTAL FUNDS		 At 1.4.23
£
1,447,660
52,230
11,358
7,368
-
17,523
44,227
132,706
1,580,366		 Net
movement
in funds
£
167,410
28,063
(2,519)
(8,375)
2,596
-
(34,054)
(14,289)
153,121		 Transfers
between
funds
£
(1,007)
-
-
1,007
-
-
-
1,007
-		 At
31.3.24
£
1,614,063
80,293
8,839
-
2,596
17,523
10,173
119,424
1,733,487

continued...

Page 24

Ministries Without Borders International

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

15. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Poor & Needy
Bible Training
Conference
Ministry
Evangelism
TOTAL FUNDS		 Incoming
resources
£
823,181
60,447
1,988
60,351
2,596
-
125,382
948,563		 Resources
Movement
expended
in funds
£
£
(655,771)
167,410
(32,384)
28,063
(4,507)
(2,519)
(68,726)
(8,375)
-
2,596
(34,054)
(34,054)
(139,671)
(14,289)
(795,442)
153,121

Restricted funds

Poor & Needy

The fund is to help with those in conditions of need, hardship, distress, aged or sick both in the local community and further afield. Finance has been made available to provide food, clothing and shelter as required.

Bible Training

The fund is to continue to train Christians helping them to become biblically strong, spiritually passionate, socially aware and culturally relevant.

Conference

The fund is for the instruction in the Christian faith by running conference and training events which were made open for anyone to attend.

Evangelism

The fund is for the advancement in gospel through evangelism programmes. Churches and the wider communities have benefitted from many activities and community programmes for all ages, both in the UK and abroad.

Overseas pastoral support

The fund is supporting many pastors in countries where it is difficult for the churches to provide enough themselves.

Kenya

The fund is supporting various projects in Kenya.

Transfers between funds

continued...

Page 25

Ministries Without Borders International

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

15. MOVEMENT IN FUNDS - continued

Restricted funds - continued

Transfers relate to a reallocation of funds as appropriate.

16. RELATED PARTY DISCLOSURES

During the year the Charity received donations of £30,120 (2024 - £85,120) from Sole 2 Soul Foundation in which J C P Smith is a trustee.

During the year the Charity received gifts of £10,000, made gifts of £19,063 in 2024 to Hesed Trust which J C P Smith is a trustee.

During the year the Charity made gifts of £10,000, received gifts of £13,850 in 2024 from The Community Church Southport in which D Gregg is a trustee.

During the year £650 (2024: £1,550) donations were received without conditions from trustees.

The long leasehold properties with a cost value of £371,479 are managed by 240 Whitchurch Road Management Company Limited. D Gregg and J C P Smith are Directors of this company. The Charity also has a 60% shareholding in 240 Whitchurch Road Management Company Limited. The remaining 40% is held by All Nations Church Cardiff. During the year the Charity received £79,819 (2024 - £246,394) from All Nations Church Cardiff. They also made payments amounting to £31,920 (2024 - £5,140) to All Nations Church Cardiff.

Amounts received and paid were done so for the fulfilment of the charity objectives.

All transactions with related parties were carried out at arms length and are in accordance with the Charity's objectives.

17. DESIGNATED FUNDS

The Charity has designated part of the general funds for the following purposes;

Heap
Africa
Kenya
Mission
Property Fund		 At 1.4.24
£
149,899
37
13
57,211
400,000
607,160		 Voluntary
income
£
140,894
-
-
-
-
140,894		 Charitable
expenditure
£
(57,773)
-
-
-
-
(57,773)		 Transfer
s
£
-
(37)
(13)
(57,211)
-
(57,261)		 At 31.3.25
£
233,020
-
-
-
400,000
633,020

Page 26