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2024-12-31-accounts

Registered number: 04546198 Charity number: 1097597

3P MINISTRIES

(A company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

3P MINISTRIES

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Company, its Trustees and advisers 1
Trustees' report 2 - 4
Independent examiner's report 5
Statement of financial activities 6
Income and expenditure account 7
Balance sheet 8
Statement of cash flows 9
Notes to the financial statements 10 - 21

3P MINISTRIES

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024

Trustees

DR S F Nash, Secretary Mr LL Pfister Mr A J Kittow Mrs M J Wooding-Jones Mr A W H Crow, Chair

Company registered number

04546198

Charity registered number

1097597

Registered office

Pacific House Business Centre Fletcher Way Parkhouse England CA3 0LJ

Company secretary

Dr S F Nash

Chief executive officer

Mr J Becker

Accountants

Baldwin Scofield Accountancy LLP Chartered Accountants 3 Newhouse Business Centre Old Crawley Road Horsham West Sussex RH12 4RU

Page 1

3P MINISTRIES

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees present their annual report together with the financial statements of the 3P Ministries for the year 1 January 2024 to 31 December 2024. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

Policies and objectives

The principal object of the company is the advancement of the Christian faith and, in particular, by church Planting and Prayer amongst the Persecuted.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Activities undertaken to achieve objectives

Over the years, the charity has continued to develop outreach work in a number of locations in countries where there is limited religious freedom.

A number of overseas trips were undertaken in the year by team members. Also undertaken was online training with the charity’s partners, supplemented by online coaching.

Main activities undertaken to further the Company's purposes for the public benefit

The Trustees have paid due regard to guidance issued by the Charities Commission on public benefit in deciding what activities the charity should undertake, even though these activities are highly confidential, for the advancement of religion in counties where the church is persecuted.

Achievements and performance

Key performance indicators

Restricted Fund activities cover the majority of activities undertaken by the charity and these activities are properly funded. It is recognised that funding for a project is received before activities commence and that this will result in fluctuating surplus/deficit outcomes over successive years.

Review of activities

The trustees review the charity's activities to identify those areas where the charity could be exposed to major risks with a view to establishing procedures to mitigate those risks, particularly in transferring money overseas. The team has a very tight reporting system to which requires partners must adhere, and the processes and risks are constantly monitored. Projects are not undertaken unless there is adequate finance available.

Page 2

3P MINISTRIES (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Financial review

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Reserves policy

The charity ensures that it maintains sufficient unrestricted reserves to meet three months' running expenditure. Projects are not undertaken unless there is adequate finance available.

Principal risks and uncertainties

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Structure, governance and management

Constitution

The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 26 September 2002 and is a registered charity number 1097597.

Methods of appointment or election of Trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum and Articles of Association as directors of the company.

The Board has the power to appoint additional non-voting advisors who attend trustee meetings.

Organisational structure and decision-making policies

The trustees meet regularly with the CEO and team members to manage its affairs. The CEO and team members are primarily engaged in direct charitable activities, which includes considering potential projects, running training courses and promoting the vision of church planting and prayer.

Certain overseas projects are classified as being Restricted Fund activities being carried out throughout the charity’s whole working region.

Plans for future periods

The Trustees plan to continue work in the current 15 nations and to continue to seek other nations/areas/people groups that the charity can work with within its geographical areas, subject to raising sufficient funds for new work.

3P team members continue to attend the North Africa Partnership, Middle East Muslim Partnership, Central Asia Consultation and Global Church Planting Network consultations. It is in these gatherings that new partners and projects are identified.

Page 3

3P MINISTRIES (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company 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 Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on 9 July 2025 and signed on their behalf by:

Mr A W H Crow

Page 4

3P MINISTRIES (A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

Independent examiner's report to the Trustees of 3P Ministries ('the Company')

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 December 2024.

Responsibilities and basis of report

As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out 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

Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.

Signed: Dated: 9 July 2025 Nicholas M Baldwin BA(Econ) FCA DChA

Baldwin Scofield Accountancy LLP

Chartered Accountants

Page 5

3P MINISTRIES

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income
Expenditure on:
Raising funds
Charitable activities
6
Total expenditure
Net income before net gains on
investments
Net gains on investments
Net movement in funds before other
recognised gains/(losses)
Other recognised gains/(losses):
Other losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2024
£
819,174
-
-
819,174
11,527
766,720
778,247
40,927
-
40,927
(17,076)
23,851
393,759
23,851
417,610		 Unrestricted
funds
2024
£
81,339
951
16
82,306
-
65,791
65,791
16,515
5,626
22,141
(6,421)
15,720
163,682
15,720
179,402		 Total
funds
2024
£
900,513
951
16
901,480
11,527
832,511
844,038
57,442
5,626
63,068
(23,497)
39,571
557,441
39,571
597,012		 Total
funds
2023
£
727,040
-
13
727,053
-
613,785
613,785
113,268
-
113,268
-
113,268
444,173
113,268
557,441

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 10 to 21 form part of these financial statements.

Page 6

3P MINISTRIES

(A company limited by guarantee)

SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024

Note
Income
Losses on investments
Gross income in the reporting period
Less: Total expenditure
Net income for the reporting period
The notes on pages 10 to 21 form part of these financial statements.		 Total funds
2024
£
901,480
(17,871)
883,609
(844,038)
39,571		 Total funds
2023
£
727,053
-
727,053
(613,785)
113,268

Page 7

3P MINISTRIES (A company limited by guarantee) REGISTERED NUMBER: 04546198

BALANCE SHEET AS AT 31 DECEMBER 2024

Note
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
13
Net current assets
Total net assets
Charity funds
Restricted funds
15
Unrestricted funds
15
Total funds		 10,896
608,797
619,693
(22,681)		 2024
£
-
597,012
597,012
417,610
179,402
597,012		 7,549
552,024
559,573
(2,645)		 2023
£
513
556,928
557,441
393,759
163,682
557,441

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 09 July 2025 and signed on their behalf by:

Mr A W H Crow

The notes on pages 10 to 21 form part of these financial statements.

Page 8

3P MINISTRIES

(A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Net cash provided by investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
The notes on pages 10 to 21 form part of these financial statements		 2024
£
56,774
-
-
56,774
552,024
608,798		 2023
£
107,205
-
-
107,205
444,819
552,024

Page 9

3P MINISTRIES

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. General information

The company is registered as a charitable company limited by guarantee in England & Wales and was set up by a Memorandum of Association on 26 September 2002.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

3P Ministries meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

Page 10

3P MINISTRIES

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment - 25%
Other fixed assets - 25%

2.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.9 Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 11

3P MINISTRIES

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.10 Pensions

2.11 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Donations
Grants
Donations
Grants		 Restricted
funds
2024
Unrestricted
funds
2024
£
£
47,388
29,567
771,786
51,772
819,174
81,339
Restricted
funds
2023
Unrestricted
funds
2023
£
£
35,297
24,912
598,668
68,163
633,965
93,075		 Total
funds
2024
£
76,955
823,558
900,513
Total
funds
2023
£
60,209
666,831
727,040

Page 12

3P MINISTRIES

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

4. Income from charitable activities

Unrestricted Total Total
funds funds funds
2024 2024 2023
£ £ £
Income from charitable activities 951 951 -

5. Investment income

Unrestricted
funds
2024
£
Investment income - bank interest
16
Unrestricted
funds
2023
£
Investment income - bank interest
13		 Total
funds
2024
£
16
Total
funds
2023
£
13

Page 13

3P MINISTRIES

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

6. Analysis of expenditure on charitable activities

Summary by fund type

Direct costs - field and project costs
Direct costs - field and project costs		 Restricted
funds
2024
Unrestricted
funds
2024
£
£
766,720
65,791
Restricted
funds
2023
Unrestricted
funds
2023
£
£
573,612
40,173		 Total
2024
£
832,511
Total
2023
£
613,785

7. Analysis of expenditure by activities

Costs of charitable activities
Costs of charitable activities		 Activities
undertaken
directly
2024
£
801,635
Activities
undertaken
directly
2023
£
593,269		 Support
costs
2024
£
30,876
Support
costs
2023
£
20,516		 Total
funds
2024
£
832,511
Total
funds
2023
£
613,785

Page 14

3P MINISTRIES

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

7. Analysis of expenditure by activities (continued)

Analysis of support costs

Support costs
Statutory redudancy payments
Other governance costs
Governance costs - depreciation
Support costs
Governance costs - depreciation
8.
Independent examiner's remuneration
Fees payable to the Company's independent examiner for the independent
examination of the Company's annual accounts
9.
Staff costs
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 Activities
2024
£
19,235
11,247
223
171
30,876
Activities
2023
£
20,345
171
20,516
2024
£
3,900
2024
£
98,313
1,863
2,681
102,857		 Total
funds
2024
£
19,235
11,247
223
171
30,876
Total
funds
2023
£
20,345
171
20,516
2023
£
4,250
2023
£
71,827
5
2,732
74,564

Page 15

3P MINISTRIES (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

9. Staff costs (continued)

The average number of persons employed by the Company during the year was as follows:

Project Staff
Administration		 2024
No.
5
1
6		 2023
No.
6
1
7

No employee received remuneration amounting to more than £60,000 in either year.

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .

During the year ended 31 December 2024, no Trustee expenses have been incurred (2023 - £NIL) .

11. Tangible fixed assets

At 1 January 2024
Disposals
At 31 December 2024
At 1 January 2024
Charge for the year
On disposals
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 Office
equipment
£
4,472
(4,472)
-
4,055
139
(4,194)
-
-
417		 Other fixed
assets
£
9,198
(9,198)
-
9,103
32
(9,135)
-
-
95		 Total
£
13,670
(13,670)
-
13,158
171
(13,329)
-
-
512

Page 16

3P MINISTRIES

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

12. Debtors

Due within one year
Prepayments and accrued income		 2024
£
10,896
10,896		 2023
£
7,549
7,549

13. Creditors: Amounts falling due within one year

Other creditors
Accruals and deferred income		 2024
£
-
22,681
22,681		 2023
£
2,645
-
2,645
14. Financial instruments
2024 2023
£ £
Financial assets
Financial assets measured at fair value through income and expenditure 608,797 552,024

Financial assets measured at fair value through income and expenditure comprise bank balances.

Page 17

3P MINISTRIES

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

15. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds - all funds
Restricted funds
North Africa
Middle East
Central Asia
Orphan Fund
Capacity Fund
Other
Total of funds		 Balance at 1
January
2024
£
163,682
157,324
2,700
36,737
5,819
138,285
52,894
393,759
557,441		 Income
£
82,306
394,133
7,200
185,951
275
130,878
100,737
819,174
901,480		 Expenditure
£
(65,791)
(354,002)
(7,073)
(161,225)
(3,910)
(200,525)
(51,512)
(778,247)
(844,038)		 Gains/
(Losses)
£
(795)
(1,159)
(69)
2,470
(722)
(10,014)
(7,582)
(17,076)
(17,871)		 Balance at
31
December
2024
£
179,402
196,296
2,758
63,933
1,462
58,624
94,537
417,610
597,012

Page 18

3P MINISTRIES

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

15. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General funds
Restricted funds
North Africa
Middle East
Central Asia
Arabian Peninsula
Orphan Fund
Capacity Fund
Other
Total of funds		 Balance at
1 January
2023
£
110,768
135,135
3,000
26,728
-
5,059
84,098
79,386
333,406
444,174		 Income
£
93,088
256,506
2,700
151,798
4,521
10,131
196,587
11,722
633,965
727,053		 Expenditure
£
(40,174)
(234,317)
(3,000)
(141,789)
(4,521)
(9,371)
(142,400)
(38,214)
(573,612)
(613,786)		 Balance at
31
December
2023
£
163,682
157,324
2,700
36,737
-
5,819
138,285
52,894
393,759
557,441

16. Summary of funds

Summary of funds - current year

General funds
Restricted funds		 Balance at 1
January
2024
£
163,682
393,759
557,441		 Income
£
82,306
819,174
901,480		 Expenditure
£
(65,791)
(778,247)
(844,038)		 Gains/
(Losses)
£
(795)
(17,076)
(17,871)		 Balance at
31
December
2024
£
179,402
417,610
597,012

Page 19

3P MINISTRIES

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

16. Summary of funds (continued)

Summary of funds - prior year

Balance at
Balance at 31
1 January December
2023 Income Expenditure
2023
£ £ £
£
General funds 110,768 93,088 (40,174)
163,682
Restricted funds 333,406 633,965 (573,612)
393,759
444,174 727,053 (613,786)
557,441
Analysis of net assets between funds
Analysis of net assets between funds - current period
Restricted Unrestricted
Total
funds funds
funds
2024 2024
2024
£ £
£
Current assets 417,610 202,083
619,693
Creditors due within one year - (22,681)
(22,681)
Total 417,610 179,402
597,012
Analysis of net assets between funds - prior period
Restricted Unrestricted
Total
funds funds
funds
2023 2023
2023
£ £
£
Tangible fixed assets - 513
513
Current assets 393,759 165,814
559,573
Creditors due within one year - (2,645)
(2,645)
Total 393,759 163,682
557,441
17. Analysis of net assets between funds
Analysis of net assets between funds - current period

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3P MINISTRIES

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

18. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the period (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Loss on the disposal of fixed assets
Increase in debtors
Increase/(decrease) in creditors
Other losses as per statement of financial activities
Net cash provided by operating activities		 2024
£
63,068
171
342
(3,347)
20,036
(23,496)
56,774		 2023
£
113,268
171
-
(2,634)
(3,600)
-
107,205
19.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
20.
Analysis of changes in net debt		 2024
£
608,798
608,798		 2023
£
552,024
552,024
Cash at bank and in hand At 1
January
2024
£
552,024
552,024		 Cash flows
£
56,773
56,773		 At 31
December
2024
£
608,797
608,797

21. Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,681 (2023 - £2,732). There were no contributions outstanding at year-end (2023 - £nil).

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