Charlty raÉl$tratlon number 1124226 Compony reglstratlon nurnber 06048127 (England and Walesl TURNING POINT FOR GOD OF GREAT BRITAIN ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
TURNING POINT FOR GOD OF GREAT BRITAIN LEGAL AND ADMINISTRATIVE INFORMATION Trustee5 Dr Davld Paul Jeremiah David Michael Jeremlah Andrew Tlmothy Saunders jeffrey Allen Wood Andrew Macdonald Chalrman Intl Dlrector lex officiiol Secretary & Correspondent 26 Parkway Noughton Regls LU5 5PT Secretary Andrew MacDon?Id Charlty number 1124226 Company number 06048127 Trading address Unit 9 Bumt Oak Buslness Park Waldron Heathfleld TN21 ONL Reglslered office St Mary's Court The Broadway Old Amer5ham Bucks HP70UT Independent examiner Samir Shah FCA Ramon Lee Ltd Chartered Accountsnts 93 Tabemacle street London EC2A4BA Bankers Barclays Bank Lelcester LE87 2BB
TURNING POINTFOR GOD OF GREAT BRITAIN CONTENTS Pago Trustee5' report Independent examiner's report Statement of flnanclal activities Balance sheet Notes to the financial statements 7-11
TURNING POINT FOR GOD OF GREAT BRITAIN TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30JUNE2024 The Trustee5 present thelrannual report and financlal statement5 for the year ended 30 lune 2024. The ststements appear in the format requlred by the Statement of Recommended Practlce forAccountln8 gnd Reportln8 by Charities. The report and statements also comply wlth the Companles Att 2006 slnce Turnln8 Polnt for God of Great Brftaln was IncorpoTrted by guarantee on 10th January 20D7, It has no share capital and is a registered charity. The guarantee of each member is Ilmited to £1. The governln8 document Is the Memordndum and Articles of Associatlon of the Company and members of the Board of Trustees are the Dlrector5 of the Company. Objectlvès and activiiles The principal actlvlty of the charitsble company durlng the year was the dissemination of the Chrlstlan faith through medla, REVIEWOF FINANaAL POSITION Turnlng Point for God of Great Brltsin remains a charlty that relles heavlly on the good will Df its suppliers and Its voluntsers,There Is no formal reserves pollcy In place. Funds lSed are usually expended In the year they have been received with any carry forward amount to be used against future deficlts,The Charlty has no full-tlme employees and does not employ a professlonal fundraiser. The Charlty is in a financlal posltlon now where It repays operatin8 Costs to Turning PoSnt for God USA and is dolng so on a regular basis. A worklng capital of three months, operating costs wlll be retained In the account at all times. The Trustees belleve that at all times they have sought to act wlthln the guideline5 relatlng to Publlc Beneflt and the progY8ms undertaken fall wlthin the charity's constitutlon. Operatlonally speakin81 the number of new names grew 44% over the prevlous year and total transactlons increased from 8,293 to 10,6SI lup 28%>. Over the same perlod, we a150 Saw a 32% Increase in the number of people who slEned up for our Blble stn8 Partner clubs. Iher the 5t year, the exchange rate between the US Dollar arKI Pound Stsrlln8 has increased In favor of the Dollar IRtween GBP £1 to USD $1.40- USD $1.23. A stronger Pound helps lovler costs orlglnatlng on USD expenses. During thls tlme, we had 3,711 total acthye donor5, the most we have ever had lup 22% over the same perlod last yearl. Included in thi5 total were 1.608 New Donors la 22% Increase up from 1,319 the year prior). We are actively cultlvatlng relationshlps wlth our top 75 donors. We will also contlnue to work with the Foundatlon TÈam in Arizona to further develop and implement Planned Giving strdtegles in the UK. We are currently broadcastlng on four radlo thtlons across the UK (Premler Radlo. TWR UK, Abacus Radlo, and Caleb Radlo In Scotlandl. We are a150 bro8dcastlng on UCB Ireland. Our weekly televislon pro8ram can be found on four networks ITBN UK, Daystsr, God TV, and Flow TVI, We are looking at adding CNBC as a secular station to the Ilneup and are currently Inve5tlEating costs.
TURNING POINT FOR GOD OF GREAT BRITAIN TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR ThIE YEAR ENDED 30 JUNE2024 Achievements and pèrformance Charity goals for this coming fiscal year are to: Brlng more people than ever before to a savlng knowledge of Jesus Christ, CDntlnue to prornote our UK websFte and mobile apps. * Promote "Why The Natlvity?. to engage wrth churche5 and a larger audlence acro# the country. sttegiCallY place our televislon program on a seculartelev155Dn statlon to reach new and larger audlences. Drh new names, transactlons, and further engagement on the website through targeted dlgital campaigns and other prlnt opportunities. Utlllze excess product to drive revenue and create nevl names through booth5 at events or through emall campalgn5. Caroline Brazler of SKS Audlt LLP C/0 Cansdales Buslnèss Advisers Llmlted, St Marfs Court, The Broadway, Old Amersham, Bucks, HP7 OUT has been appolnted as Independent Examlner. Davld Saunders and Phill 5hSpskles of Halcyon Print Llmlted, Burnt Oak Buslness Parl Waldron, Heathfteld, TN21 ONL are the Management Consultants. Financial review Totsl Income for the year amounted tts £283,11312023.. £263.8821 with total expendlture being £331,62312023.. £212,277). This resulted in a deflclt of £48,51012023 surplu5 £51,6051. Total unrestricted funds are at 2024 Df £70,700 thi5 has been a decrease In reserves from the 2023 balance of E119.210. Structure, governance and maTragernent There 15 no maxlmum number of Trustees under the constltutlon. The minimum requlred under the charitV5 con5tltution belng three. Trustees are appointed as deemed necessary by the exlstlng board from a short Ilst drawn up for conslderation. The short115t Is dWTh from a wlder non-votlng membership. The Chalr and offlc@rs are appointed by the Trustees from amon8 their number. The Intematlonal Dlrector of Tumlng Point wlth Dr Jeremiah 15 appolnted as ex"offJcio Trustee. The whole Board corkvenes twice a year but Is reported to on a weelrly and monthly basls. The Board, f rom tlme to me wlll consult by means of video or telephone conferencin8. The Directors are satisfied that no conflltt of Interest Is present and should any such contlitt present itself the relevant party will excuse themselves from the Board vote.
TURNING POINT FOR GOD OF GREAT BRITAIN TRU5TEES' REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 JUNE 2024 Statement of trustees, responsibilitles The Trustees are responsible for preparlng the Annual Report and the flnanclal sta*ments In accordance wtth appllcable law and regvlatlons and to thls end have contracted the services of Cansdale5 Buslne5s Advisers Limlted. Company law requlres the trustee5 to prepare flnancial statements for each financlal year. Under that law the trustees have elected to prepare the flnanclal Statements In accordance with United Klngdom Generally Accepted ACC(ntIng Practi (United Klngdom Stsndard5 and appllcable Lawl. The firbancial ststements are required by law to give a true and falr view of the state of affalr5 of the company and of the proflt or105s of the comparyfor the perlod. In presentlngthese statement5, the trustees are required to: Seleet suitsble accountlng pollcles and apply them conslstently,. Make judgments and estimates that are reasonable and prudent; Present the financlal statements on the golrTrg concern basls unless it Is Inapproprigte to presume that the company v4111 continue. The tru5tee5 are responslble for keeping proper accounting records that disclose wlth reasonable accuracy at any tirne the flnanclal Position of the compary and enable them to ensure that the Flnancial ststements comply with tho Companie5 Act 2006. They are 8150 responsible for safeguarding the assets Of the company and for tsking reasonable steps for the prevention and detection of fraud and other Irregularities. The trustees (who are also the dlrectors of the company for the purposes Df company lawl conslder that an audltls not required for this year under section 144 of the Charities Act 2011 (the 2011 Act) arjd under the provision5 of sectlon 477 of the Companleg Act and that an Independent examlnation Is needed. The Independerrt examinatlon ha5 been undertaken bv Caroline Brazier of SKS Audlt LLP. The Members have not required the company to obtain an audlt for the year in questlon In accordance wlth sectlon 476 of the Att. l105ure of Inlormation to independerrt examlner So far as each director is aware at the tlme the report Is approved: There IB no relevant information of which the examlner is unaware, and the directors have taken all step5 they ought to have taken to make themselves aware of ary relevarrt Information and to establlsh that the examlner Is aware of that Informatlon. In preparlng thls report, the Directors have taken advantaee of the small companie5 exemptions as per the Companles Act 2006 and "Accountlng and Reportlng by Charities,. Statement of Recommended Prnctlce applicable to charltles preparing thelr accounts in accordanTr wlth the Financlal Reporting Stsndard appllcable in the UK and Republic of Ireland IFRS 1021" a5 amended for accountlng periods commencing from l January 20191 Th ru ort was pproved bythe Board of Trustees. qirifr ers Dated.. 7 October 2024
TURNING POINT FOR GOD OF GREAT BRITAIN INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TURNING POINT FOR GOD OF GREAT BRITAIN I report to the Trustees on my examlnation of the financial Statements ol Turnlng Polnt for God of Great BrStaln (the charity) for the year ended 30 lune 2024. ReSpOnbilItIeS alld basls of pOrt As the Trustees of the charlty land also it5 dlrectors ft)r the purwses of company lawl you are responslble for the preparatlon of the financlal statement5 In accordance wlth the requirements of the Companles Act 2006 Ithe 2006 Attl, Hwlng satlsfled myself that the fln8n¢lal ststements of the charity are not requlred to be audlted under Part 16 of the 2006 Act and are ellgible for independent eKaminatlon, I report In respect of my examination of the ch8rWs financlal 5t3tements carried out under section 145 of the Charltles Act 2011 (the 2011 Act). In carrylng out my examlnation I have followed all the appllcable Directlons glven by the Charlty Comm1551on under sectlon 14515llbl of the 2011 Act, Independent examlner's statement Slnce the charlty's gros5 Income exceeded £250,0 your eKamlner must be a member of a bc¥ listed In section 145 of the 2011 Act. I conflrm that l arn quallfled to undertake the examin8tlon because l am a member of ICAEW, whlch Is one of the115ted b(dles, I have completed my examination. I conflrm that no matters have come to my attentlon In connectlon with the examination givin8 me cause to belleve that In aw material respect: accout)ting rordS were not kept in respect of the charttv a5 requlred by section 386 of the 2006 Att,. or the financial 5tatemerrt5 do not accord wlth those records- or the flnanclal statements do not comply with the accountlAg requlrements of section 396 of the 2006 Att other than any requirement that the account5 glv@ a true and fair view which Is not a matter CDnsldered as part of an Independent examlnation; or the financial 5tstements have not been prepared in accordance with the methods and prlnclples of the Ststement of Recommended Practlce for accounting and reportlng by charities appllcable to charltie5 preparing thelr accounts In accordance with the Financlal Reportlng Stsndard applicable in the UK and Republlc of Ireland IFRS 1021. I hwe no concerns and have come across no other Matte in connection with the examlnatlon to whlch attention should be drdwn In thts report In order to enable a proper understsndlng of the flnanclal statements to be reached. Use of my report Thls report is made solely to the charlty's trustees, In accordance with the Charftles Act 2011, My worlc has been undertal(en so that I mlEht state to the charity's trustees those matters l am requlred to state to them in an Independent examiner's report and for no other puoSe. To the fullest extent permitted by law, I do not accept or assume responslblllty to 8nyon@ Dther than the charity and the charlty's trustees as a body, for rny Independent Examinatlon, for thls report, orfor the opinions I have formed. Samlr Shah FCA Ramon Lee Ltd Chartered Accountants 93 Tabernacle Street London EC2A 4BA Dated,. 7 October 2024
TURNING POINT FOR GOD OF GREATBRITAIN STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INcof•AE AND EXPENDITURE ACCOUNT FOR THE YE4R ENDED 30JUIVE 2024 2024 2023 Notes Income from: Donations and le8aries 283,113 263,882 endliure on: Charltable a¢tivStles 331.623 212,277 Net {expeItUre>rln[Ome for the year/ Net movement In fund5 148,5101 51,6L)5 Fund balances at I july 2023 119,210 67,605 Fund balae5 at 30 June 2024 70,700 119,210 The statement of flnancial activities includes all Bain5 2nd losses recogni5ed In the year. All Income and expendlture derive from continuin8 activitle5 and Is considered to be unrestritted for both this year and the previous. The statement of financial activitie5 also complles with the requlrements for an income and expendf(ure account under the Q)mpanles Act 2(XJ6.
TURNING POINT FOR GOD OF GREAT BRITAIN BALANCE SHEEr ASAT30JUNE2024 2024 2023 Notes Current assets Debtors Cash at bank and In hand 3,180 100,065 2,370 145,080 103,245 147,450 Credttors.. amounts falllng due wlthln one io 132,5451 128,2401 Net current assets 70,700 119,210 Income fvnds Unrestrlcted fvnds li 70,700 119,210 70,700 119,210 The company Is entltled to the exemption from the audit requirement contalned In sertlon 477 of the CoMpanle5 Act 2(K)6, for the year ended 30 June 2024, The dirertors acknowledge their re5pon5jbilitle5 for complylr)g wlth the requirements of the Companies Act 2005 wlth respect to accountlng records and the preparatlon of flnancial ststement5, The mernrs have not requlred the company to obtsin an audit of its financial statements for the year In question in accordance with section 476. These flnanclal statements have been prepared in aCcolance wlth the provlsions appllcable to companies subject to the Small companie5 ¥eglme. The financial ent5 ere approved by the Trustees on 7 October 2024 An Company Reglstratlon No. 06048127
TURNING POINT FOR GOD OF GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE2024 Ac¢ountlng pdlcles Charlty Informatlon Turnln8 Polnt for of Great Brltsin 15 a prlvate company limlted by guarantee incorForated In England & Wales, The registered office Is St Mary's Court, The Broadwiyi Old Amer5ham, Bucks HP7 OUT. 1.1 Accountlng corwentlon The financial statements have been prepared In 8¢cordance wlth the charltable company's goveming document, the Companles Act 2006 and 'Accounting and Reportlng by Charities.. Statement of Recommended Practlce appllcable to charitie5 preparing thelr account5 in accordanTr wlth the Flnanclal Reportlng Stsndard appllcable In the UK and Republlc of Ireland IFRS 102Y' la5 amended for accountin8 periods commencing from l January 20191. The charltsble company is a Public Benefit Entity as defined by FKS 102, The flnanclal statements are prepared in sterlin& which 15 the functlonal currency of the Charlty. Monetary amounts In these financial Statements are rounded to the nearest £. The financial statements have been prepared under the h15torlcal cost conventlon, mDdlfled to include the revaluation of freehold propertles and to Include Investment propertie5 and certain f inancial instruments at falr value. The prlnclpal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financlal statements, the Trustees have a reasonable expectstlon that the charity has adequate resources to contlnue In operatlonal existence ft)r the foreseeable future. Thus the Trustees contlnue to adopt the going concern bas5 of accounting in pparIng the flnanclal ststements. 1.3 Intome IrKome Is recDgnlsed when the chartty Is legally entvcled to it after any performance conditions have been meL the amounts can be measured reliably. and it Is probable that income will be recelved. Cash donatlon5 are recognised on receipt. Other donations are recogni5ed once the chaffty ha5 been notified Df the donatk)n, unles5 performance conditlons require deferrnl of the amount. Income tax recoverable In relation to donatlon5 reiVed under Gift or deeds of covenant is rewised at the time of the donatlon. IA Expendlture Expendlture Is accounted for on an 8c¢wals b8sls. Incluslve of VAT whlch cannot be Covered. Charltable Activities Includes those costs which meet the objectives of the charitable company by rel3ting d1ctlY to the advancement, 5UPPOrt ènd educatlon of rellgious and charfftable groups. Governance costs are those Incurred in meeting the statutory requirements of running the charitable company. 1.5 Tanglble flxed assets Tanglble flxed assets are inltially measured at cost and subsequently measured at C05t or valuation, net of depCiatIon and any impairment losse& Depreclation Is recognised so as to write off the cost or valuatlon of assets less thelr residual values over thelr usefijl Ilves on the following bases: Computer Softvlare 3 years 5tralght line The gain or105s ari51n8 on the disposal of an asset Is determlned as the dkfference between the sale proceed5 and the arrylng value of the asset, and Is rècognlsed in the statement of financial activitiu.
TURNING POINT FOR GOD OF GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUIVE 2024 L>onatlons and lega¢les Unrestrlcled Unrestricted funds lunds 2024 2023 Donatlons and glfts 283,113 263,882 Charltable actl¥ltles Charltable Governance Actlvltles Costs Total 2024 Total 2023 Independent examlnation fee Fee to Independent examlnerfor Dther serwlce5 Premier Christlan Radio Management Fee Volceovers 3,144 2,700 3,144 2,7LK) 131,936 38,388 5,635 1,555 135,380 10,352 2,418 115 2,910 2,526 34,418 38,388 4,800 131,936 38,388 5,635 1,55S 135.380 10,352 2.418 115 Maintainance Agreement Fee Postagè and Prlnt Digital Campaign FInan Cost Other C05t 90,428 35,185 3,108 514 325,779 5,844 331,623 212,277 325,779 5,844 331,623 212,277 Anatysls byfund Unrestricted funds 325,779 5,844 331,623 325,779 5,844 331,623 For tho year ended 30 June 2023 Unrestrlcted funds 206,841 5,436 212,277 206,841 5,436 212,277
TURNING POINT FOR GOD OF GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUAIE 2024 INCOMEIIEXPENDITUREI Net income/lexpenditurel is ststed after chargingllcditlngl,. At 30.6.24 At 30.6.23 Independent Examlnatlons, remuneRtlon Other non-audlt servlces Deprecl3tlon- owned assets 3,144 2,7LX) 2,910 2,526 Trusteès None of the Trustees lor any persons connected wlth them) recelved any remuneration or benefits from the charlty durlng the year. None of the Trustees (Dr any person5 connected with them) received expenses relmbursed Dr donated Income to the charitsble Company In the year. Employee5 There were no employees during the year12023', None), Taxalion The charity is exemptf rom taxation on it5 activities because all it5 income 15 applled for charltable purposes. Thngible flxed assets Computsr Software Cost At l July 2023 18,602 At 30 June 202d 18,602 Depreciation and impairment At l July 2023 18,602 At 30June 2024 18,6D2
TURNING POINT FOR GOD OF GREAT BRITAIN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE2024 Debtors 2024 2023 Amounts falllng due wlthln one year: Other debtor5 3,180 2,370 3,18D 2,370 10 Creditors: amounts falllng due wlthln one year 2024 2023 Other creditor5 Accrua15 and deferred Income 26,701 22,804 5,436 32,545 28,240 11 Unrestricted funds The unrestrltted funds of the charlty tomprise the unexpended balances of donations and grdnts whlch are not subject to specific condition5 by donors an'd grantors as to how they may be used. Thèse Include desigrbated funds which have been set aslde out of unrestrlcted funds by the trustees for specific purposes. At ljuty 2023 Incoming resources Resources At 30 June 2024 expertded General funds 119,210 283.113 1331,6231 70,700 Pre¥lous year: At l July 2022 Incoming resourcès Reswrces At 30 June 2023 expended General funds 67,605 263,882 1212,2771 119,210 10-
TURNING POINT FOR GOD OF GREAT BRITAIN NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE2024 12 Analysls of net assets between fUJ5 Unrestrlcted Unrestrlcted fund5 funds 2024 2023 Fund balances at 30June 2024 are presentsd by.. Current as5ets/lllabllltlesl 70,700 119,210 70,700 119,210 13 Related party transactlons In the year ended 30 June 2024 Halcyon Prlnt Management Limited the tradlng company where Andrew Saunder51s a Director, made supply prlntlng & ststlonery and paid retainer fees of totsl £111,71012023.' £131,788) to the charlty. Payment made to Turnlng Polnt for GDd USA, where Dr David jeremiah and D8vid Michael Jeremlah are Trustees, of £163,88412023.. £24,783) for media expenw, televtslon program dellvery expenses, and printlng/mailing of devotional magailnes. 11