Charity no. 1096249
Rickfords Hill Publishing Ltd. Trustees’ Annual Report 30/09/2023
A) Charity information B)
Other names: Charity also known as RHP, RHP Ltd., RHPBOOKS.
Registered Charity no. 1096249 Registered in England and Wales
Registered Company no. 4500076 Registered in England and Wales
Principal address and registered office: 24 High Street, Winslow, Buckingham MK18 3HF.
Incorporated: 31[st] July, 2002
Bank: HSBC, 8 Market Square, Aylesbury, Buckinghamshire, HP20 1TW
Charity Trustees (all Trustees are also Company Directors):
1. Paul Victor Fellows of 70 Sutherland Road, London N9 7QG
2. Daniel Peter Harrison of 24 High Street, Winslow, Buckingham MK18 3HF.
3. Thomas Edward George Harrison of 124 High Street, Winslow, Buckingham MK18 3DQ.
Appointment of Trustees: Trustees are appointed by a vote of the membership.
Charity objects: The Charity’s objects are (1) To advance and maintain the Christian Religion through the production and distribution of Christian literature, the provision of Christian instruction and the provision of buildings and equipment for Christian instruction and worship; (2) The relief of the sick, infirm and poor living in undeveloped countries either generally or individually through the provision of grants, goods or services.
— B) Report of Activities and progress for the period 01/10/2022 30/09/2023
Part 1 – Objectives for the period
The objectives for the year ahead were
a. Publishing
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i. to continue the process of marketing and distributing the titles already published;
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ii. to reprint any titles with low stocks
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iii. to publish two new Essential Classics
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iv. to re-obtain book rights as necessary
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b. Retail
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i. to continue to maintain the retail side of the company including continuing to publish the Source catalogue.
b. Ministry
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i. to continue the visits to Uganda to provide teaching to pastors and church members;
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ii. To continue to work with Zerubbabel Ministries (Uganda), building up a team of young people and supporting them through education and in their personal lives; supporting the Zerubbabel home for former street children.
Part 2 – Strategy
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i. The work of distribution of published books was to continue to be done through bookshops.
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ii. Publishing staff would continue to work on the new titles and rights issues.
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iii. The staff would continue to seek to find ways to increase retail sales by promoting the website and catalogue
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iv. The staff would make visits to Uganda to give teaching and monitor the projects receiving grants.
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v. The directors would seek to raise funds to support the projects in Uganda.
– Part 3 Activities, progress and results
a) Publishing: Distribution of books
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i. Distribution. Distribution through CLC continues to be effective.
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ii. Marketing. Our books being well established no new marketing was undertaken.
By the end of the year, 28,468 (previous: 28,617, 17,049, 19,571, 27,636 32,677, 27,396 , 44,936, 55,630) items had been sold. Total sales for retail and publishing came to £30,156 (previous £33,333).
b) Publications
Two new titles were published.
d) RHP Ministries
Work continued with Vision Uganda. £69,715 was given to our partner organization Zerubbabel Ministries Uganda, rescuing street children and supporting children and young adults through education.
e) Tabernacle Books
Tabernacle Books continued to trade.
f) The Source
The catalogue continued to generate sales and increase the mailing list.
g) Staff
No paid staff were employed during this period.
Part 4 – The future
Rickfords Hill Publishing continues to meet an important need in providing excellent Christian literature at affordable prices and providing assistance to needy young people and churches in Africa. This should continue.
a) Reprinting
Work should continue on new publications, some of which are in the pipeline.
b) Tabernacle Books
The shop should now be open on a daily basis.
c) Uganda
The work in Uganda should expand as opportunities arise and support for Zerubbabel Ministries should continue.
d) The Source
The catalogue should continue to be published.
Since Rickfords Hill Publishing Ltd. is a charitable Company with a gross income of less than £90,000, an independent examination of accounts was arranged.
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TEG Harrison Signed on behalf of the Trustees
Date 09/07/2024
Financial Report 30 September, 2023
Period 1/10/2022 to 30/09/2023
A. Income and expenditure:
1/10/2022 ‒ 30/09/2023 Publishing and Retail Income: 30,156 Expense: 13,426.90
RHP Ministries
Income (gifts): £65,079 Expenses and grants: £68,715
Whole Charity
Total Income: £95,234 Total Expenses: £95,760
B. Balance sheet: notable figures
Current loans: £146831.14
Publishing Bank account: £4702 Ministry Bank Account: £706 Tabernacle Books: £496 Stock assets of books at cost price: £126,423 Equipment (computers, forklift, etc.): £1272
Projected value of stock at sale price: circa £180,000
Total Assets: £136,211.69 Total current liabilities: £153,321.65 Total equity: -£17,109.96
Rickfords Hill Publishing
Profit and Loss Report
01 October, 2022 - 30 September, 2023
| Sales | ||
|---|---|---|
| 4000 - Sales Type A | 51,330.68 | |
| 4009 - Sales Discounts | -21,175.12 | |
| 4900 - Other income | 7,208.60 | |
| 10305 - Uganda Gift | 57,870.00 | |
| Total Sales | £95,234.16 | |
| Direct Expenses | ||
| 5000 - Cost of sales - goods | 33,761.67 | |
| 5010 - Cost of sales - materials | 193.53 | |
| 5015 - Cost of sales - delivery | 3,036.61 | |
| 5100 - Carriage on Purchases | 18.55 | |
| 5201 - Change in stock value | -12,618.32 | |
| 10000 - Ebay Fees | 0.10 | |
| 10206 - Printing | 1,335.34 | |
| 10303 - Transaction Charges | 20.54 | |
| 10304 - PayPal Fees | 107.29 | |
| 102212 - Card Charges | 102.16 | |
| 102226 - Grants | 69,714.87 | |
| 102227 - Typesetting | 87.75 | |
| Total Direct Expenses | £95,760.09 | |
| GROSS PROFIT / LOSS | -£525.93 | |
| Overheads | ||
| 6200 - Marketing | 2,722.81 | |
| 7100 - Rates | 254.19 | |
02 Jul 2024 17:52
Page 1 of 2
| 7500 - Office costs 519.39 |
|
|---|---|
| 7600 - Legal and Professional 13.00 |
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| 7610 - Insurance 599.19 |
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| 7800 - Repairs and renewals 56.35 |
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| 7900 - Bank charges and interest 638.43 |
|
| 8000 - Depreciation 426.73 |
|
| 8200 - General Expenses 202.00 |
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| 9999 - Corrections 545.15 |
|
| 10202 - Telephone/Broadband 579.75 |
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| 10203 - EposNow 480.00 |
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| 10205 - Website 347.73 |
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| 10209 - Graphics 35.00 |
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| 10212 - Royalties 668.37 |
|
| 10302 - Merchant Terminal 191.88 |
|
| Total Overheads | £8,279.97 |
| NET PROFIT / LOSS | -£8,805.90 |
02 Jul 2024 17:52
Page 2 of 2
Rickfords Hill Publishing
Balance Sheet Report
To: 30 September, 2023
| ASSETS | ASSETS | |
|---|---|---|
| Fixed Assets | ||
| 0030 - Office equipment and IT - Cost 39.99 |
||
| 0031 - Office equipment and IT - Accumulated Depreciation 1,021.64 |
||
| 0040 - Fixtures and fittings - Cost | 210.69 | |
| Total Fixed Assets | £1,272.32 | |
| Current Assets | ||
| 1000 - Stock | 126,422.56 | |
| 1100 - Trade Debtors | 1,666.28 | |
| 1200 - Current | 495.63 | |
| 1210 - Cash | 947.42 | |
| 1230 - RickfordHill | 4,701.58 | |
| 1260 - RHP Ministries | 705.90 | |
| Total Current Assets | £134,939.37 | |
| TOTAL ASSETS | £136,211.69 | |
| LIABILITIES | ||
| Current Liabilities | ||
| 1220 - PayPal | 106.31 | |
| 1240 - Loan DH | 76,250.00 | |
| 1250 - Loan TH | 70,581.14 | |
| 2100 - Trade Creditors | 6,464.17 | |
| VAT | -79.97 | |
02 Jul 2024 17:51
Page 1 of 2
| 2200 - VAT on Sales -16.97 |
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|---|---|
| 2201 - VAT on Purchases -63.00 |
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| Total Current Liabilities | £153,321.65 |
| Future Liabilities | |
| Total Future Liabilities | £0.00 |
| TOTAL LIABILITIES | £153,321.65 |
| TOTAL NET ASSETS | -£17,109.96 |
| EQUITY | |
| Net Profit / Loss -17,109.96 |
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| Net Profit / Loss (prior year(s)) -11,406.09 |
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| Net Profit / Loss (current year) -5,703.87 |
|
| TOTAL EQUITY | -£17,109.96 |
02 Jul 2024 17:51
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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinorfs Report Report to the Rickfofds Hill Publishing Ltd. trusteesldirectorsi | members of On accounts for the year ended 30 September 2023 Charity no.: | 1096249 Company no." 4500076 Set out on pages I report lo the charity truslees on my examination of the accounts of the Company for the year ended 3010912023. Responsibilities and basis of report As the charity's trustees of the Company (who are also the directors of the company for the purposes of company lawl. you are responsible for the preparation of the accounts in accordance with the requirernents of the Companies Act 2006 {"Ihe 2006 Act"). Having sali5fied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as Caled out under section 145 of the Charities Act 2011 I'the 2011 Act"). In carrying oul my examination, I have followed the 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 lo my attention which gives me cause to believe that.. accounting records were not kept in accordance with section 386 of the Companies Act 2006.. or the accounts do not accord with such records., or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination," or .the accounls have not been prepared in accordan with the Charities SORP IFRS1021. I have no concerns and have come across no other matters in connection wrth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Please delete th ords in the brackets rf they do not apply. Signed: Date: Zs IER October 2018
Name: Michael Scott Hotard
Relevant professional qualification(s) or body (if any):
M I M I
Address:
85 Spring Lane
Great Horwood
Milton Keynes, MK17 0QP
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
October 2018
2
IER