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2024-12-31-accounts

THIRD SPACE MINISTRIES Charity Registration No 1155538 FINANCIAL STATEMENTS for the YEAR ended 31 DECEMBER 2024

THIRD SPACE MINISTRIES

Legal and Administrative Information

The name of the charity is: Third Space Ministries

Registered Charity Number: 1155538

Third Space Ministries became officially incorporated as a charitable incorporated organisation on the 29th January 2014

Objective of the Charity:

The objective of the charity is to advance the Christian faith for the benefit of the public

Trustees:

Mr Peter Bailey (Chair) Mr Jerry Frempong (resigned 12 February 2024) Mrs Helen Harris Mr Andrew Paul - Treasurer Mrs Naomi Paul (appointed 4 March 2024) Mr Christian Wienkamp (appointed 7 April 2025)

Address:

Morden Baptist Church Crown Lane Morden Surrey SM4 5BL

Bankers:

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Mailing Kent ME19 4JQ

Independent Examiner:

Mrs Jenny Faulkner, 12A Potter Street, Spondon, Derby, DE21 7LH

CONTENTS

1 Legal and Administrative Information 2-6 Report of Trustees 7 Report of Independent Examiner 8 Statement of Financial Activities 9 Balance Sheet 10 Notes to the Financial Statements

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THIRD SPACE MINISTRIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees present their report and accounts for the year ended 31 December 2024.

Structure, Governance and Management

Third Space Ministries became officially incorporated as a charity on the 29th January 2014, and is set up as a CIO (Charitable Incorporated Organisation). The Trustees for Third Space Ministries, who served during the year 2024, were:

Mr Peter Bailey Mr Jerry Frempong (until 12 February 2024) Mrs Helen Harris Mr Andrew Paul Mrs Naomi Paul (from 4 March 2024)

The Trustees are legally responsible for the governance of the charity and met six times during 2024. The Trustees set the direction for the charity.

Trustees are appointed following a discussion among current trustees and approaches being made to potential candidates. Current trustees meet and discuss Third Space Ministries and its mission with potential new trustees and also assess their skills and how these would add to the current board. A final discussion is then had among trustees before an offer is made.

New trustees will undergo an onboarding process with the CEO and trustees and also be required to familiarise themselves with the Charity Commission publications outlining trustee responsibilities. Public training courses may be utilised as necessary.

Day to day running of the charity’s activities is delegated to Carolyn Skinner, CEO, based in Morden. Carolyn Skinner is also currently acting as secretary.

Third Space Ministries employed 4 staff members during 2024: Carolyn Skinner, Madison Kinzley, Nightlife Ministries Coordinator (2 days a week), Luke Rollins, DJ Ministry Coordinator (2 ½ days a week), and Helen Da Costa, Fundraising and Communications Officer (1 ½ days a week). During the year, Luke Rollins left Third Space Ministries after having built a thriving community among DJs in the music industry and pioneering the creation of the SoundCheck mental health and wellbeing chaplaincy. We were very fortunate that former trustee Jerry Frempong has stepped into the role to continue the amazing work that Luke started.

The Charity's Activities, Achievements and Performance

The charitable objective of Third Space Ministries is to advance the Christian faith for the benefit of the public. It exists to advance the Christian faith in the ‘third spaces’ of society ie the leisure industry, through chaplaincy, team mission, teaching and training.

In shaping the objectives of Third Space Ministries, the trustees have considered the Charity Commission’s guidance on public benefit. The charity exists to benefit members of the general public, who frequent ‘third spaces’ by serving their emotional and spiritual needs.

Our aim is to meet people at their point of need, to help them pastorally, practically and spiritually. We aim to show people God’s love in word and action, to break down some of the negative impressions people have of Christianity, and to seek to move them closer to understanding God’s love. We seek to achieve this through chaplaincy work, team mission, teaching and training.

The issues we are trying to address in society are:

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In the year to 31st December 2024 Third Space Ministries achieved the following:

DJ Ministry – The DJ Unity group continue to meet online and in person throughout the year for prayer and encouragement. Soundcheck chaplaincy continues with several individuals in the music industry requesting pastoral support.

Illuminate Soho –Madison continued to build relationships with the dancers in the clubs and to regularly visit 2 -3 clubs in Soho. She also continued to host worship nights and social events. After receiving the London Faith and Belief Award in 2023, we were invited to the King’s Garden Party at Buckingham Palace in May. Carolyn and Madison attended.

Sports –

Gym chaplaincy: As well as her weekly presence at the gym, Carolyn Skinner ran a wellbeing course for women at the gym in the spring. 7 ladies attended

Sports Chaplaincy UK: Carolyn continued to work alongside Sports Chaplaincy UK and support athletes through prayer and pastoral care. In particular she mentors 1 athlete overseas monthly. She also helped to plan and host the annual SCUK conference, and helps with the online induction of new chaplains.

Love All Serve All: our outreach to the overnight tennis queues at Wimbledon took place as usual. It was an encouraging fortnight. Over the fortnight we had 57 volunteers. There were 10 different churches or groups involved in some way. We spoke to over 420 people, gave out approx. 252 stress balls, 91 gospels, prayed with over 115 people.

Space to Talk – our monthly listening service in a local coffee shop continues to go well with several people responding positively to the service that is offered. 2 new volunteers joined the team this year.

Speaking engagements – there were 10 speaking engagements this year at churches, and prayer gatherings.

Teaching: Carolyn continued to lecture on the Pioneer Chaplaincy & Mission course with the Light College at their residentials 2x a year

Training : in September we trained our team and volunteers in Active Listening, provided by Acorn Christian Trust.

Communications - Third Space Ministries staff have had approx. 7 media opportunities to speak on radio. These have included Premier Christian Radio, UCB, BBC. Highlights included Carolyn doing Prayer for The Day on Radio 4 for the fourth year running.

Fundraisin g - Over 2024 we received grants from London Baptists, Magnify and Firtree

Other activities :

Week of Prayer – we held an online week of prayer in May

Birthday coffee morning – in October we held a birthday coffee morning to share stories and thank our supporters.

Staff and trustee changes

In January 2024 Naomi Paul (after taking a year out) was reappointed as a Trustee for a term of 3 years In May 2024 Luke Rollins stepped down as DJ Ministry Coordinator. Jerry Frempong was appointed to the role with the new job title Music Industry Chaplain

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Risk Management

The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to those risks. The risk register is reviewed regularly at trustee meetings.

Financial review

The financial review for the period showed total income of £69k (2023: £61.7k) of which £19k (2023: £1.4k) was in restricted funds. A grant of £14k was part of restricted income (2023: £0). Total expenditure was £76.5k (2023: £73.6k) of which £32.3k (2023: £32.2k) was against restricted funds. Expenditure against unrestricted income included personnel costs of £41.4k (2023: £37.2k). Expenditure against restricted income included personnel costs of £25.8k, (2023: 26.9k). The charity started the year with total funds of £29.2k, £0.2k of which was restricted, and ended the year with total funds of £21.8k, £0.8k of which is restricted.

The income for the period was in line with the trustee’s expectations.

The expenditure was broadly in line with budget.

We were particularly blessed with strong responses to requests for donations towards the costs of specific Nightlife events and to purchase a replacement laptop computer.

The trustees had set a deficit budget for the year but were please to note that the deficit was not as large as budgeted.

Reserves policy

In the Trustees’ view, the reserves should provide the charity with adequate financial stability and the means for it to meet its charitable objectives for the foreseeable future.

The Trustees propose to maintain the charity’s reserves at a level which is at least equivalent to four months operational expenditure (staffing costs) and have done so having regards to its manner of operation of likely funding streams. This equates to approximately £23,000 for the budgeted 2025 staffing costs.

The Trustees review the amount of reserves that are required to ensure that they are adequate to fulfil the charity’s continuing obligations on a quarterly basis at their finance meeting.

There are no free reserves (ie unrestricted funds less the reserves policy amount) at 31 December 2024. Having set deficit budgets for the last few years, the trustees feel that reserves are now at a reasonable level and so while having set another deficit budget for 2025 are actively exploring new funding streams.

Thanks to all our supporters

We offer our very grateful thanks to Morden Baptist Church for their financial, prayer and practical support, including the provision of office space. And we are also grateful to Open Door Church, Market Deeping for their regular financial and prayer support.

We are very grateful to 24-7 Ibiza, the YMCA, and Sports Chaplaincy UK for such positive working relationships.

We are especially grateful to our volunteers and to all our individual donors who have given their money, time and talents to support our work. There are too many to list here. We are also very grateful for the committed prayer support of so many.

On behalf of the Trustees of Third Space Ministries

Name: Andrew Paul

Signature:

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Position: Trustee Dated: 30 October 2025

Name: Peter Bailey

Signature:

Position: Trustee Dated: 30 October 2025

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Statement of Trustees Responsibilities

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Independent Examiner

The independent examiner, Mrs Jenny Faulkner was appointed at the trustees meeting held on the 22[nd] July 2019. Mrs Faulkner is a chartered accountant and technical consultant with Mercia Group Limited, a specialist technical and training company in the UK accountancy market, and has considerable experience of the charity sector.

Approval

This report was approved by the Trustees on the 30 October 2025 and signed on its behalf by:

Peter Bailey Trustee

Andrew Paul Trustee

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Independent Examiner's Report to the Trustees of Third Space Ministries Charity

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which are set out on pages 8 to 10.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 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 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 respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records.

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.

Signed

Mrs Jennifer Faulkner, FCA

12A Potter Street Spondon Derby DE21 7LH

30 October 2025

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THIRD SPACE MINISTRIES

Statement of Financial Activities for year ended 31 December 2024

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THIRD SPACE MINISTRIES

Balance Sheet as at 31 December 2024

Approved by the Trustees on the 30 October 2025 and signed on its behalf by:

Peter Bailey Trustee

Andrew Paul Trustee

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THIRD SPACE MINISTRIES

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

1. Accounting Policies

1.1. The financial statements are prepared under the historical cost convention.

The accounts have been prepared on a receipts and payments basis as permitted by Charity Law.

The provisions of the Charities SORP 2019 (Accounting and Reporting by Charities) have been followed where required.

1.2. Incoming Resources

Income comprises grants received and donations received from various sources. Income is accounted for in the period in which the money is received.

1.3. Resources Expended

Expenditure is included in the period in which it is expended.

1.4 Funds

Restricted funds are those moneys given to the Charity for specific projects. Current restricted fund balances are shown on the balance sheet above.

Unrestricted General funds are those moneys given to the Charity for the furtherance of our charitable objectives, but without any specific restrictions as to its use.

Unrestricted Designated Funds consist of a grant given to the charity to fund training across all projects. The trustees decided to designate these funds to make donor reporting more transparent.

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