Ignite (Big Ideas) Trustees Report to the Charity Commission – End of March 2024
(IGNITE (Big Ideas) a registered charity no. 1146258, company limited by Guarantee No. 7935497)
During the year ending March 2024 the work of Ignite has continued to grow, specifically our work through the Gateway Project in India. Income is a mixture of committed individuals, key trusts such as the Awakening Foundation and the Message Trust and Elim churches such as City Church and City Church Caerphilly. Lucy Patterson continues as our freelance book keeper.
Trustees
There have been no changes to the Trustees, we still have 3 trustees currently appointed. Stephen Williams (Chair), Gary Smith and Ian Rowbottom. The Trustees will be appointing Nigel James to join them as a Trustee at their next AGM.
Summary of ‘Objects’
The Charity’s ‘Objects’ for the public benefit are to advance the Christian faith in accordance with the statement of beliefs appearing in the schedule hereto in such parts of South Wales, the United Kingdom or the World and the Trustees may from time to time think it is fit to fulfill such other purposes which are exclusively charitable according to the Law of England and Wales and are connected with the charitable work of the charity.
Details of Structure, Governance and Management
The directors of this charity are its Trustees for the purpose of charity law and are collectively called ‘Trustees’ throughout the report.
The trustees are recruited through personal contacts of the existing trustees. Potential trustees are elected based on expertise, wisdom and the knowledge that they can bring to the management and administration of the board of trustees. The decision of appointments is made by the board including the residing Chair of Trustees, Mr. Steve Williams.
The Board of Trustees have wide reaching experiences ranging from Christian Ministry to commercial business skills. They meet quarterly to supervise and strengthen the vision and strategies of the charity.
The board of trustees remain accountable to the Charity Commission and for their careful use of charitable and public funds. They are also responsible for the achievement of performance standards in the charity’s service provision.
Policy on Reserves
The board of trustees ensure that reserves are sufficient to meet the Trust’s immediate charitable objectives.
Barclays Bank Accounts
In November 2023 we were temporarily debanked by Barclays bank. Although we have banked with them for over 30 years, they began to ask for additional support information. All of this was produced in a timely manner but was either subsequently lost or rejected by Barclays. Duplicate and amended documents were sent to no avail. Without warning, all our accounts were closed. Barclays have since accepted liability for the mistakes that they have made and acknowledged that the accounts should not have been closed. The results of their actions meant a loss of Gift Aid for 3 months, a loss of income from many donors for 3 months and some donors not reinstating once the bank accounts were reopened. The Trust was compensated £300 plus postage.
International Contacts
India
There has been a lot of development in our support of the work in India under the direction of the local partner, Gateway Ministries. Church building has continued with 4 churches funded taking the total number to 36. The funds for these additional churches came from Gateway Caerphilly, a Christian couple and the Message Trust.
We continue to look at ways to reduce costs and develop income for the Gateway school and children’s home.
Liberia
Our relationship with Ignite Liberia is still strong, financial support has come directly from individual gifts and the awakening foundation, and as such has not been administered through Ignite.
Wales
Ignite continues to support initiatives that share the Christian faith in Wales. All support is channeled towards the work of The Message Trust in Wales. This includes the work of Cardiff Street Pastors.
Stephen Williams
Chair of Trustees
On Behalf of Ignite (Big Ideas)
IGNE {Blg Ideas) a registered charity no. 1146258 company Ilmlted by guarantee no.. 7935497 Financial stslements For the yaar ended 31st March 2024 Page Contents Stat8m8nt of financial activities Balance sheets Notes Independent Examiner's report IGNITE (Big Ideas} Stat@ment of financial activitigs For the year ended 31st March 2024 2023 Unrestrict8d fund Total incoming resources 144282 122332 Total resources expended 140511 122523 Surplus I deficit for year 3771 -191 Fund brought forward 1534 1725 Fund carried foNard 5305 1534 Page 1
IGNITE (Big Ideas) Balance sheet as at 2023 2022 Note FIXED ASSETS Tangible assets 1486 1486 CURRENT ASSETS Stock Debtors and prepayments Cash at bank 15D 1220S 150 15879 Total current assets 12356 16029 CREDITORS & PROVISIONS Amount falling due in one year 8537 15981 NET CURRENT ASSETS 3819 48 NET ASSETS 53Q5 1534 CREDITORS & PROVISIONS Amount falling due after one year FUNDS General unrestricted fund other funds 5305 1534 TOTAL FINANCE 5305 1534 The Trustaes approve the above balance sha8t Dat8 of approval: Signed on behalf of the trustees by., Page 2 GARLI,SL1{ - The notes on page 2 form part of these financial statements.
IGN ITE (Big Ideas) For the year ended 31st March Notgs to the financial statements. 1 ACCOUNTING POLICES The historical c05t convention is applied. The results of all the Trust's activities are included. Activities further the objects of the TrLtst. Provlslons to achieve charltable objects are held. 2 FIXED ASSETS Tangible assets C05t 31 March Additions Disposal 31 March Depreciation 31 March For year Disposal 31 March 2024 Computer5 Furniture EqLJipment Fittings TDtal 2023 2972 2972 2024 2972 2972 2023 1486 1488 1486 1486 Net book value 31 March 2024 31 March 2023 1486 1486 1486 1486 3 DEBTORS 2024 150 2023 150 Donations 4 LIABILITIES Due in one year Creditors Accrued expens8S Accru8d income 2024 2023 700 7837 700 15281 Total 8537 15981 5 PROVISIONS Due 8ftgr one year Creditors Accrued Income 2024 2023 Total Page 3
IGNITE (Big Ideas) Ind8P8ndent examine¢s report 3110312D2 Respoclive responsibililies of trustees and examiner The charity's trustees are responsible for the preparation of th8 accounts and It 18 considered that the audit requirement of section 43{2) of Ihe Charities Act 1993 does not apply. It is my responsibillty to state, by following procedures specified in the G8n8ral Directions given by the Charity Commissioners under soction 4317)Ibl of the Act, whether particular matters have come to my attention. Basis of my report My examination was carried out in accordance wilh the General Directions given by the Charity Commissioners. My examination included a review of the accounting r8cords kept by the charity and a comparlson of the accounts presented with those records. The procedures undertaken do not provide audit evid8nc8 and Ih8rafor& I do not express an audit opinion on the vlew given by the accounts. Statgmgnt Your attention is drawn to the fact that th& chartty has prepared financlal ststements in accordance with Accounting and Reporting by Charities: Statement of Recomm8nded Practice applicab18 lo charities preparing their accounts in accordance wlth the Financial Reporting Standard for Smaller Entities publlshed 16 July 2014, the Financial Reporting Slandard for Smaller Entities (FRSSE), in preference to the Accounting and Reporting by Charities: Slatemenl of Recommended Practic8 Issu@d on 1 April 2005 which is r8ferred tD in th8 extant regulations but has since been wlthdrawn. l understand that this has been done for the accounts to provide a true and fair view in accordance with Generally Accepted Accounting Pr8Gticfj effeolive for reporting periods beginning on or after 1 January 2015. In connection wilh my examination no matter has come to my altention which.. (1) oives me reasonable cause to beli8ve thal in any material respect the r8quir8ments to k6ep accounting rewrds in accordance with section 41 ofthe Act and to prepare accounts which accord with the accounting reoords and comply with the accounling r8quirem9nts of the Act have not been met, or 12> in my opinion should be drawn to the attention of users to 8nabla a proper plcture of the accounts lo be drawn, N Bevan. 19 Cymer Road, Glyncorrwg, Port Talbol, SA13 3AB. Page 3