Company Reg No.. 04973607 {England & Wales) Charity Reg No.. 1103189 CONTRASTING HORIZONS LIMITED Report and Accounts 31 March 2024 Contrasting Horizons Limited Company Registered No.. 04973607 Charity Registered No: 1103189 TRUSTEES Mr A P Jopson Mrs H R Jopson Mrs L Henagulph Mr M Smith Mrs A M Troughton Mr M Troughton SECRETARY Mrs L Henagulph BANKERS Cooperative Bank plc PO Box 101 1 Balloon Street Manchester M60 4EP REGISTERED OFFICE Peverell Corner 246 Peverell Park Road Peverell Plymouth Devon PL3 4QG Contrasting Horizons Limited DIRECTORS, REPORT The directors of Contrasting Horizons Limited ("CH") for the purposes of the Companies Act 2006, present their annual report and the financial statement5 for the year ended 31 March 2024. The directors have adopted the provisions of the Statement of Recommended Practice (SORPI "Accounting and Reporting by Charities" in preparing the annual report and financial statements of CH. OBJECTIVES OF CONTRASTING HORIZONS, PRINCIPAL ACTIVITIES AND ORGANISATION OF OUR WORK CH is a company limited by guarantee having no share capital. The liability is limited, in the event of the company being wound up, to a maximum of £1 per Member. The company was incorporated on 24 November 2003, company registration number 04973607. CH is also a charity registered with the Charities Commission registered number 1103189. It achieved full recognised charitable status on 13 April 2004. CH exists for the following two main objectives.. 1. The relief of poverty by raising awareness of the contrasting horizons between rich and poor., the Third World and the Western World and to raise funds to help relieve poverty. 2. To communicate the contrasting horizons of lives lived under the lordship of Jesus Christ compared to those that are not. DEVELOPMENT, ACTIVITIES AND ACHIEVEMENTS IN THE YEAR INCOME Income in the year came mainly from 1. Interest {Mainly from CIF Budel and the new investment in M & G Investment 2. The value of the investment in M & G Unit Trust transferred from the Eliza Tyelh Trust in the year (a local charity with similar aims to CH) 3. Donations, the main one being from A P Jopson {gift aidable) EXPENDITURE & ACTIVITIES IN THE YEAR The following specific activities have been undertaken.. Donalions were given to make available predominantly Christian educational resources to the community of Peverell to enhance their lives, to resource the church in Peverell and disciple new Christians,. also lo provide Christian Outreach into the community. We run a weekly house group (Life group) exploring Chrislian Faith & olher Bible overview Courses & teaching as needed (Online using Zoom in current financial year). The making available of educational resources on topics such as money management, debt, marriage enhancement and parenting skills Contrasting Horizons Limited DIRECTORS, REPORT ular Standin Order ivin ear ended 31.3.24 The charity now sponsors 10 children @ £28 each per month £280 per month Apr & Dec £252. Compassion UK, The charity has given a total of £3,304 in the year Hope Baptist Church (youth work) has donated £Nil in this year lowards this cost. Israel David Lopez Marimon EC0039901446 based in Colombia 2. Given Asingwire Uganda UG-100900003 3. Tata Angele Abla Apelete based in Hedjegan, Togo TG0708, CDE La Merveille. Child ref TG070800095 4. (Ekua) Faustina Obo based in Senya Beraka, Ghana. GH0928, Senya Pentecost Child Development Centre. Child ref GH092899233 S. Yan Luis Gomez DR5001416 Based in Dominican Republic graduated in year,. new child is Ker)ner ES097700254 based in San Antionio Masahuat. El Salvador 6. Alidson Eulogio Cimarron De La Cruz. In Nuevo San Lorenzo EC0039901446 Ecuador 7. Brenda Ramos Ataucusi Now moved to new project in Canto Chico New Ref number PE024500963 from July 2019 graduated in the year,. new child has replaced 8. Juwita (Wita) Zendrato - Based in Bawodesolo, Indonesia- 101200374 9. Nayeli Mamani Ckacka - Based in Puitucani, Bolivia - B0064500240 10. Jhosep Herless Santacruz Avila Moved From Jan 2023 -Based in Peru Evangelica Missionary Church Pentecostal House of Prayer Matahuasi PE067000402 { Before Jan 2023 Hualhuas, Huncayp, Peru - PE9020106) CH underwrites the cost of sponsoring a1110 Children through Compassion.uk.org UCB ( United Christian Broadcasters) £30 per month Total £360 Cross Rhythms £60 per month - Evangelism = total £720 CAP- Life Changer £60 per month - Poverty relief Total £720 Creation fest £40 per month £480 this year. Care - Christian Action Research & Education £50 per month = £600 this year. The Christian Instilute- £100 per month £1200 this year. Open Doors- £100 per month - Persecuted Church - £1.200 this year. •5 Bible Society- £75 per month £900 this year. Release Internalional- £50 per month = £600 this year Contrasting Horizons Limited DIRECTORS, REPORT Bude Food Bank - £25 per month- Poverty Relief = £300 this year. Cap Project "PCC St Budeaux" Poverty Relief = £5934.00 this year £450 per month to 119123 Then £539 onwards- Timothy Slater- Football Mission - £100 per month - Evangelism - £1,200 This year •% SALT South West Grant - £450 per month from 1st June 2022 - £5,400 this year Regular Total monthly donations for 2024 = £1,959 per month from Oct 2023 {from £1,842 in A ril 2023. £1,870 er month from June 2023 CH operates with the kind assistance of volunteer directors & workers. ANNUAL AND FINANCIAL REVIEW The statement of Financial Activities shows nel increase in funds for the year to 31 March 2024 of £40,610 {2023 decrease of £11,488). This was due to the value of the investment transferred into CH from Eliza Tyeth Trust {£56,874). Without this funds would have decreased by £16,264. The total reserves stand at £162,821 of which £1,000 is a permanent endowment fund. RESERVES The company has sel aside reserve funds for future activities. There are currently no paid staff. RISK MANAGEMENT The directors actively review the major risks that the organisation faces on a regular basis. They have examined the operational and business risk faced by the organisation and confirm that they have established systems to mitigate significant risks. STATEMENT OF DIRECTORS, I TRUSTEES, RESPONSIBILITIES Trustees, responsibilities in relation to the financial statements The Trustees are responsible for keeping proper accounling records which disclose with reasonable accuracy at any lime the financial position of the company and lo enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees 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. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP IFRS 1021. The directors are satisfied that the company is entitled to exemption from the audit however the members have requested an independent examination. By order of the Board H R JOPSON Director Date: Contrasting Horizons Limiled INDEPENDENT EXAIAINER'S REPOAT TO ThÉ IAEII8EAJ OF COKTRASTrIQ HOAIZOIIS I repKJrt lo thè m•mborg on my •i•mln•lknn d ltr• fin•rY.ial •l•l•rn•rf• ol Limited for th• y••r •nd•d .? l Mamh X)J4 Iw1￿7 w• ••1 (xrt nn p•9•• 8 * 10 RMpon•lblllll•• •nd b••l• ol rnport A• lh• ch•rlty* Ini•l••• trf th• e¢mip•ry IMJ •l•o h tfvKtor• ftjv al c(ryMT)v l•w) ￿ •r• T•l￿n11b1• lh• W•P•f•ikM ol lh• M•rYJ•l •l•lwnw* •CLxMl•rK* wllh lh• rnqulr•m•nti of Compan*• Acl 20(X) ("Ih• 2cth kri H•Vtr￿ J•ll>fiod mygdl Ih•l the Iln•rtlal Jl•t•fn•nts (rf th• Chwty •f• rAX f•ou*•d lo b• •udlt8d under Part 18 ol tho 2006 Acl and are dWbl• for ind•p•nd•nl ox•min8lion. I rep(Kt in respècl ol my ex8minal￿n ol y￿r ch8rlty• flnonci•l slalemenls 83 c8rned oul undef section 145 ol Ihe Charilw Ad 2011 1"Ih• 2011 Act-l In c8rying oul my 8xamin81ion I h8ve l0l1(Y+ved the D*ocllon8 gfven ty Chanty CoMmiss￿n undef sectM)n 145(5Mb) ol Ihe 2011 P£t. The charity's trustees consider thal an audil 18 not iequlf•d li* th1• yow undw section 144(21 ol the 2011 Act and that an Independent ex8minal￿n i• neod•J. lnd•￿d•nt •xamln•r'• 8tat•m•nt I Iwe completed my examinalion. I can confirm that no matenal matters have com• to my attention in connection with the exarninat￿n giving me cause to b•lwie Ihal any material respect: the accountin9 records were r￿1 kept in accordance with section 386 01 the 2008 Art. or the financial statements do not accord with those records: or the financial stslements do not comply wlth th8 accounling requirements undw S￿tIOn 396 of the 2IJ06 Acl other than any requirement that the financial stalemenls give a Irue and faif view which is not a matter considered as part of an independent examinatv)n,' or the financial statement shave not been twepared in accordance with the mettrths and principles of the Stalemenl of Recommended pract￿ for accounlirwj arnj reporting by charities application to charities preparing their a¢¢ounts in accordance with the Financial Reporting Standard applicable in the UK arKI Rewblic of Irelarnj (FRS 102). I have no corThms and have come acxoss no olhef matters In cOnnect￿n with tt examinalion to ¥Yhich attention shoukl be drawn In this rep￿ In order to enable Yoper urthrslanding of Ihe financial slalernents lo be reached. S Glenister Date Charterod CertIf￿1 Acc(yJntanl D￿￿8 A￿￿nIants LImit￿. Unll 112. 91 Mayfio*er Street. PIYrn￿th, PL1 1 SB Contrasting Horizons Limited STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING SUMMARY INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH Total 2024 Total 2023 INCOMING RESOURCES Donations from Tony Jopson & Co client accl Other donations in (New Life Fellowshipl A P Jopson) Gift Aid due Interest on CIF Bude Ltd Interest on M & G investment {E Tyeth) Interest received (bank) 71 2,500 625 1,950 527 10,877 1,950 285 6,795 13,112 Value of investment transferred in from Eliza Tyeth Trust 56,874 TOTAL INCOMING RESOURCES 63,669 13,112 RESOURCES EXPENDED Direct charitable expenditure Compassion children Annual return fees Rates Donations given away Cross Rhythms {Donation out) CAP Life Changer {Donalion out) CAP Projecl - Centre St Budeaux Creation Fest Care The Christian Institute Open Doors Bible Society Release International Oceans Food Bank UCB (United Christian Broadcasters) Tim Slater- Football Mission Northants SALT- South Wesl Grant CPO- Window displays 3,304 13 128 3,360 256 2,715 720 720 5,400 480 600 1,200 1,200 900 600 300 360 1,200 4,500 76 720 720 5,934 480 600 1,200 1,200 900 600 300 360 1,200 5,400 TOTAL RESOURCES EXPENDED 23,059 24,600 NET MOVEMENT IN RESOURCES 40,610 {11,4881 BALANCE BROUGHT FORWARD 122,211 133,699 BALANCE CARRIED FORWARD AS AT 31 March 162,821 122,211 Contrasting Horizons Limited BALANCE SHEET AT 31 MARCH 2024 2023 CURRENT ASSETS Cash at bank CIF Bude Ltd Debtor - gift aid M & G Investment 75,322 30,000 625 92,211 30,000 Total current assets 162,821 122,211 Current liabilities NET ASSETS 162,821 122,211 FUNDS Permanent endowment fund {restricled} Other funds 1,000 161,821 1,000 121,211 TOTAL FUNDS 162,821 122,211 These accounts have been prepared in accordance with the financial provisions applicable lo companies subject to the small companies regime and in accordance with FRS102 SORP. Approved by the Board of Directors on I I I I l L < and signed on its behalf. nfJ],- A P JOPSON Director Company Number:. 04973607 Contrasting Horizons Limited NOTES TO THE ACCOUNTS ACCOUNTING POLICIES Basis of preparation of accounts The accounts have been prepared in accordance with the Statement of Recommended Practice 'Accounling 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 on 16 July 2014 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102} Incoming resources Income is recorded on an accruals basis. Resources expended Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT, which cannot be recovered. Taxation Based on its Status as a charity and a not for profit company limited by guarantee, the company is effectively exempt from corporation lax.