## TNT MINISTRIES
Report and Accounts Year ended 05 April 2023
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
## **TNT MINISTRIES**
## **LEGAL AND ADMINISTRATIVE DETAILS**
## **FOR THE YEAR ENDED 05 APRIL 2023**
ADDRESS FOR CORRESPONDENCE Hammonds East Street Billingshurst RH14 9DA GOVERNING DOCUMENT Declaration of Trust dated 11th July 2003 CHARITY REGISTRATION NUMBER 1102864 TRUSTEES RESPONSIBLE FOR Iain Taylor MANAGING THE CHARITY Allen Cope Rupert Brindley BANKERS Royal Bank of Scotland plc TSB Bank plc Kingdom Bank INDEPENDENT EXAMINER Jaimée Young Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
## **INDEX**
Page 1 Legal and Administrative Details Pages 2-4 Trustees' Report Page 5 Independent Examiner's Report Page 6 Receipts and Payments Account Page 7 Statement of Assets & Liabilities Pages 8-9 Notes to the Accounts
Page 1
## **TNT MINISTRIES**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 05 APRIL 2023**
The Trustees have pleasure in submitting the Report and Accounts for the year ended 05 April 2023.
## **Objects of the charity**
The charity, governed by a trust deed, seeks to demonstrate the Christian faith in action by providing Bible-centred teaching materials and training to UK and international churches, theological colleges, para-church organisations and children/youth groups.
## **Review of the charity's main activities and achievements**
To further the above objects and vision, the charity's main activities and achievements were as follows:
**Publishing** – Over the past year, we have translated a further eight Serbian, nine Italian, nine French, nine Brazilian Portuguese, seven Chinese and thirty Latvian products. We have also started translation into Russian and European Portuguese. We have also published one more product in the 11-18 range and hope to make more rapid progress with this range in the coming year due to a new staff appointment in March 2024.
**Training** – The training events aim to equip adults to teach the Bible to children. This is in line with TnT's stated objectives. Training supports our publishing work by allowing us to train those already using our resources and make our resources known to a broader audience.
Though less than last year, we are still feeling the impact of COVID-19 as churches seem reluctant to book training events long in advance. Nevertheless, we conducted eighteen training events, primarily full in-person days, a couple of evening sessions and two on Zoom. Our training abroad included a return to Lebanon and a new opportunity in Jordan. We also started a collaborative training programme in partnership with Growing Young Disciples. This partnership comprises weekly online Zoom training with the GYD Academy and in-person Fortify training days in several locations in the UK and the Republic of Ireland.
## **Staff**
We appointed a new worker in September whose primary responsibility is to complete the 11-18s resources. This brings the current staff count to two full-time and one part-time.
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
Page 2
## **Financial review**
During the year, income increased by £7,300, to £135,800. The cost of production for Mustard Seeds resources increased from £6,200 to £30,400 due to an increase in translation activity and a fixed-term contract for the production of 11-18s resources. Partnership programme expenses for the development of the Arabic training network tripled to £3,700. £16,700 was spent on leadership development programmes by providing sponsorship for attendees in partnership with Growing Young Disciples, The Fellowship of Independent Evangelical Churches and Contagious Bible Ministries.
However, revenue from Mustard Seeds subscriptions increased by £21,100. As a result, the cash held by the charity only decreased by £5,300, to £166,500, all of which is unrestricted and can be used for any charitable purpose due to the Partnership Programme expenses exceeding the amount in the fund by £196 (see Note 6 to the accounts).
Total gift income (inclusive of tax relief) decreased from £55,100 to £40,500 due to one-off donations from the previous year not being repeated and supporters understanding that the charity has significant excess funds.
TnT Ministries continues to be a going concern.
## **Continued Impact of Covid-19**
We continue to feel the impact of Covid-19 on the size and number of our training events. Our training diary is still running at about 50% capacity. However, this is up on last year when it was only 25%, and we already have more bookings for the coming year than we did at year-end in the previous year.
## **Reserves policy**
The trustees have determined that the charity should aim to hold unrestricted cash of no less than £25,000 (which equates to about three months of unrestricted expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely.
At the year-end, the charity held unrestricted cash of £166,500, and the charity is holding excess funds to fund various translation projects and leadership development programmes in the UK, Sub-Saharan Africa and the Middle East.
## **Governance**
The policy and operating decisions of the charity rest with the Trustees, who meet regularly to monitor the activities and financial health of the charity. A Board of Governors, comprising trustees, expert technicians and employees, are responsible for implementing the Trustees' decisions. New Trustees may be appointed by a resolution of the Trustees passed by a majority of the Trustees.
## **Post year end**
A decision was made at the board meeting on 10 November 2021 to convert the charity to a CIO. We hope to complete this process by the end of March 2024. A CIO in the name of TnT Ministries was registered on 1 July 2022 (charity number 1199522).
## **Risk statement**
The trustees have reviewed the risks to which a small charity operating with three employees in areas of education and The Children Act of 1989 are exposed. Appropriate procedures are in place to identify, monitor and review these risks on a regular basis.
Page 3
## **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.
We 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.
## **Approval**
This report was approved by the trustees and signed on their behalf by:
I. H. Taylor
Dr Iain Harold Taylor Chairman – TnT Ministries
Date: 23 January 2024
Page 4
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF**
## **TNT MINISTRIES**
I report to the trustees on my examination of the accounts of TNT Ministries ('the charity') for the year ended 05 April 2023 on pages 6 to 9 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.
## J. Young
Jaimée Young
Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
Date: 24 January 2024
Page 5
## **TNT MINISTRIES**
## **RECEIPTS AND PAYMENTS ACCOUNT**
## **FOR THE YEAR ENDED 05 APRIL 2023**
||||||||Unrestricted|Funds|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||General|Designated||Restricted|Total|Total|
||||||||Funds||Funds|Funds|2023|2022|
|||||||Notes|£||£|£|£|£|
|**_Income receipts_**|||||||||||||
|Donations|||||||34,407||-|240|34,647|48,959|
|Gift aid receipts|||||||5,890||-|-|5,890|6,193|
|Training fees and sales materials||||||2|95,035||-|-|95,035|72,977|
|Interest received|||||||200||-|-|200|98|
|Royalties|||||||17||-|-|17|-|
|Other|||||||-||-|-|-|240|
|**_Total receipts_**|||||||135,549||-|240|135,789|128,466|
|**_Payments_**|||||||||||||
|Payments
in
relation
to
activities undertaken directly||||charitable||3|118,306||-|3,740|122,046|79,730|
|Grants
paid
in
relation
to
activities undertaken by others||||charitable||4|19,075||-|-|19,075|-|
|**_Total payments_**|||||||137,381||-|3,740|141,121|79,730|
|Net
of
receipts
/
transfers|(payments)||||before||(1,832)||-|(3,500)|(5,333)|48,736|
|Transfers between funds||||||6|(196)||-|196|-|-|
|**Net movement in funds**|||||||(2,028)||-|(3,304)|(5,333)|48,736|
|Cash funds as at last|year|end|||||168,530||-|3,304|171,834|123,098|
|**Cash funds at this year end**||||||A|166,501||-|-|166,501|171,834|
The notes on pages 8-9 form part of these accounts.
Page 6
## **TNT MINISTRIES**
## **STATEMENT OF ASSETS AND LIABILITIES**
## **FOR THE YEAR ENDED 05 APRIL 2023**
|**A**
**Cash funds**
Held at bank
Notice deposits
**B**
**Other monetary assets**
Gift aid due to charity
**C**
**Liabilities**
**Falling due within one year:**
Pension due
Fee for Independent Examination
**D**
**Assets retained for charity's own use**
Contents and equipment|General
Designated
funds
funds
£
£
115,025
-
51,476
-
**166,501**
**-**
4,159
-
**4,159**
**-**
1,289
-
1,050
-
**2,339**
**-**
Unrestricted Funds|Restricted
funds
£
-
-
**-**
-
**-**
-
-
**-**|Total
2023
£
115,025
51,476
**166,501**
4,159
**4,159**
1,289
1,050
**2,339**
Value
2023
£
5,317
**5,317**|Total
2022
£|
|---|---|---|---|---|
|||||120,558
51,276|
|||||**171,834**|
|||||5,890|
|||||**5,890**|
|||||337
990|
|||||**1,327**|
|||||Value
2022
£|
|||||4,838|
|||||**4,838**|
The trustees have used insurance values for contents and equipment as the trustees are unable to reliably estimate current values; insurance values may differ materially from current values.
The accounts were approved by the trustees and signed on their behalf
by I. H. Taylor
> date 23 January 2024
Dr Iain Harold Taylor
The notes on pages 8-9 form part of these accounts.
Page 7
## **TNT MINISTRIES**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 05 APRIL 2023**
## **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**
Training services
Conferences
Downloads
Other
**3**
**Payments in relation to charitable activities undertaken directly**
Employment costs (including training)
Production costs
Travel
Insurance
Telephone and internet
Website hosting and development
Governance and legal costs
Equipment purchases & computer
Office running costs
Bank and finance charges
Other general expenditure
**4**
**Grants and gifts paid to others**
Organisations:
Growing Young Disciples
The Fellowship of Independent Evangelical Churches [FIEC]
LatinLink
Crosslinks
Contagious Bible Ministries||Unrestrict|Designated
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
ed Funds|Restricted
Funds
£
-
-
-
-
-
-
-
3,740
-
-
-
-
-
-
-
-
3,740
-
-
-
-
-
-|Total
2023
£
1,045
2,972
90,463
555
95,035
67,666
30,421
7,212
688
580
6,459
2,700
1,771
200
3,219
1,131
122,046
9,600
3,075
1,200
1,200
4,000
19,075|Total
2022
£|
|---|---|---|---|---|---|---|
|||||||884
2,754
69,339
-|
|||||||72,977|
|||||||58,820
6,202
3,223
651
688
4,520
994
1,170
163
2,712
587|
|||||||79,730|
|||||||-
-
-
-
-|
|||||||-|
Page 8
## **TNT MINISTRIES**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 05 APRIL 2023**
## **Transactions with related parties**
No payments were made to any trustees, or persons connected to trustees, other than direct reimbursement of expenses paid on behalf of the charity.
|**6**
**Movement of funds**
General funds
Restricted funds
Partnership funds
Total funds|Opening
balance
£
168,530
168,530
3,304
3,304
171,834|Receipts
£
135,549
135,549
240
240
135,789|Payments
£
(137,381)
(137,381)
(3,740)
(3,740)
(141,121)|Transfers
£
(196)
(196)
196
196
-|Closing
balance
£|
|---|---|---|---|---|---|
||||||166,501|
||||||166,501|
||||||-|
||||||-|
|||||||
||||||166,501|
Currently the Partnership Fund exists to support an Arabic trainer/promoter. Since no suitable candidate has yet been identified for this roll, funds are being used to establish an Arabic training network in Lebanon, Jordan and Egypt.
Page 9