Charity number. 1156475 BINYAMIN MINISTRIES UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
BINYAMIN MINISTRIES CONTENTS Page Reference and Administrative Details of the Charity. its Trustees and Adviser5 Trustees. Report Independent Examinerfs Report Slatement of Financial Activities Balance Sheet Notes to the Financial Statements 7-13
BINYAMIN MINISTRIES REFERENCE AND ADMINISTRATNE DAlLs OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2026 Trustees Matyn Cooper (Chair of Trustees) Justin Caplin Eileen Baehr Monica Jane Ursell Charity register number 1156475 Principal office 50 Bellevue Road Lon¢on N113ER Bankern CAF Bank Page 1
BINYAMIN MINISTRIES TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report together with the financial statements of the Binyamin Ministries for the year 1 April 2024 to 31 March 2025. In setting objectives and planning for activities, the Trustees have given due consideration to general guidan published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a charity (PB2)'. Binyamin Ministries, for the past year. has been carrying out activities reaching out to people with programs such as a community choir with food and fellowship provided. weekly Bible classes, music and singing lessons and Pastoral care and therapy for people who need help with emotional issues. Talks on the Jewish Festivals such as Christ in the Passover and Christ in the Festival of Roshonah Benjamin teaches English to Ukrainian war survivors online as part of an outreach. We are in regular contact with Israelis through music and past evangelism Binyamin Ministries is speaking regularly on Genesis Christian Radio which gives information about Binyamin Ministries on a more international level The house is used as the main Ministry premtses at the moment. Imthin the year we have spoken at several churches teaching Christ in the Jewish festivals and general Bible topics. We presented a Rosh Hashana service with some Jewish people attending. We provided Christmas outreach and invited people who were not regular attendees. It was a time when people felt part of a community. We also provided Shabbat services as outreach. elderly lady stayed, and we provided a meal for her. A native Isrdeli speaker has offered and has been giving online Hebrew Sessons as a form of outreach and will resume lessons again this year. A]so, once a month Benjamin speaks at a church on the Jewish roots of the Christian faith Binyamin Ministries will be developing more ways for evangelism to the Jewish and non- Jewish communities We do a weekly Bible Study and fellowship. Long tem goal will be to get an office space to do more outreach. We provide hospitality and fellowship for people. . Going concem After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. structure, govemance and management a. Constitution Binyamin Ministries is a registered charity, number 1156475, and is constituted under a Trust deed. b. Methods of appointment or election of Trustees The management of the Cherty is the responsibility of the Trustees who are elected and co-opted under the temis of the Twst deed. Page 2
BINYAMIN mINIsTEs TRUSTEES. REPORT (CONTINUED) FOR THEYEAR ENDED 31 MARCH 2025 Statement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees, 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 af the Charity and of its incoming reSoUrS and application of resources, including its income and expenditure. for that period. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistenuy. observe the methods and principles of the Charities SORP (FRS 102); make judgments and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Stsndards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disdose with reasonable accuracy at any lime the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (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. Approved by order of the members of the board of Trustees on 13 June 2025 and signed on their behalf by: Martyn Cooper (Chair of Trustees) Page 3
BINYAMIN MINISTRIES INDEPENDENT EXAMINER'S REPORT FOR THEYEAR ENDED 31 MARCH 2025 Independent Examinerfs Report to the Trustees of Binyamin Ministries ('the Charity.) I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2025. Responsibilities and Basis of Report As the Tnjstees of the Charty 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 AGt. Indepondent ExaMineS Statement Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordan with the Generally Accepted Accounting Practice effective for porting periods beginning on or after 1 January 2015. I have completed my examination. I confinn that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act. or the accounts do not accord with those records., or the accounts do not comply with the applicabSe requirements Conrning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no COnrnS 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: Dated: 13 June 2025 KoladeAndrewAlli ACMA The ARK Financial Management Consultancy Ltd 10 Gatcombe Gardens West End Hampshire S018 3NA Page 4
BINYAMIN MINISTRIES STATEMENT OF FINANCIAL ACTIVITIES FOR THEYEARENDED 31 MARCH 2025 Restricted Unrestricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and legacies 36,562 36,562 48,905 Total income 36,562 36,562 48,905 Expenditure on: Chartiable activities 41,272 41,272 41,210 Total expendlture 41,272 41,272 41,210 Net movement in funds {4,710) (4.710) 7,695 Reconciliation of funds: Total funds brought forward Net movement in funds 1,212 16,172 (4,710 17,384 (4.710) 9,689 7,695 Total funds carried forward 1,212 11,462 12,674 17,384 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 7 to 13 fonn part of these financial statements. Page 5
BINYAMIN MINISTRIES BALANCE SHEET ASAT31 MARCH2025 2025 2024 Note Fixed assets Currnnt assets Cash at bank and in hand 13,374 18,084 13.374 18,084 Creditors: amountsfalling due within one year (700) (700) Net current assets 12.674 17,384 Total assets less current liabilities 12,674 17,384 Not assets axcludlng penslon asset 12,674 17,384 Total net assets 12,674 17,384 Charity funds Restricted funds Unrestricted funds 1,212 11,462 1,212 16,172 Total funds 12,674 17,384 The financial statements were approved and authorised for issue by the Trustees on 13 June 2025 and signed on their behalf by.. Martyn Cooper (Chair of Trustees) The notes on pages 7 to 13 fonn part of these financial statements. Page 6
BINYAMIN MINISTRIES NOTESTOTHE FINANCIALSTATEMENTS FOR THEYEAR ENDED 31 MARCH 2025 Accounting policies 1.1 Basis of preparation of financial statements The financial statements have been prepared in accordan with the Charities SORP (FRS 102) Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fairf view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the exient required to provide a 'true and fairf view. This departure has involved following the Charities SORP {FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Binyamin Ministries meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otheNise stated in the relevant accounting policy. 1.2 Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably, 1.3 Expenditure Expenditure is re¢ognised once there is a legal or constructive obligation to transfer economic benefrt to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverab18 VAT. 1.4 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 7
BINYANIIN MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (continued) 1.5 Liabilities and provisiong Liabilities are recognised when there is an obligation at the Balan Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. 1.6 Fund aGGounting 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 and which have not been designated for other purposes. Restricted fvnds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Page 8
BINYAMIN MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2. Income from donations and legacies Unrestricted funds General Total Total 2025 2024 Donations and Offerings Gift Aid tax reclaimed Other Income Shop Takings Bank Interest 32,493 3,822 189 32,493 44,000 3,822 1,981 189 2,419 200 305 58 58 36,562 36,562 48,905 Page 9
BINYAMIN MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 3. Expenditure on charitable activities Unrestricted funds Total Total General 2025 2024 Bank Charges Building repairs and maintenance Consultancy fees Gifts and other ministry costs Independent examiner's fee Insurance Motor Vehicle Expenses other Expenses Printingi Postage, and Stationery Professional Fees Shop Ministry and Food Expenses Subscriptions Telephone & Broadband Utilities Wages and salaries Training Rent 186 186 1,724 1,724 19,296 19,296 124 124 700 700 1,327 1,327 13 13 2,937 2,937 413 413 2,459 2,459 1,988 1,988 1,016 1,016 372 372 2,574 2,574 411 2,751 4,000 700 1,500 1,430 1,077 382 2,650 9,428 244 1,399 3,731 6,035 1,072 4,400 193 5,950 193 5,950 41,272 41,272 41,210 Page 10
BINYAMIN MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Independent examinefs remuneration 2025 2024 Fees payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts 71JO 700 Trustees. remuneration and expenses Benjamin Samuel Hersh During the year ended 31 March 2025. expenses totaling £9,648 were paid directly to Benjamin Samuel Hersh {2024 - £5,018) in relation to work done on behalf of the charity. Chiara Hersh During the year ended 31 March 2025, expenses totsling £9,648 were paid directly to Chiara Hersh (2024 - £5,018) in relation to work done on behalf of the charity. Creditors: Amounts falling due within one year 2025 2024 Accruals and deferred income 700 700 Page 11
BINYAMIN MINISTRIES NOTESTOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Statement of funds Statement of funds - current year Balance at 31 March 2025 Balance at 1 April 2024 Income Expenditure Unrestricted funds General Funds 16,172 36.562 {41,2721 11,462 Restricted funds Restricted Fund 1,212 1,212 Total of funds 17,384 36,562 {41,272 12,674 Page 12
BINYAIJIIN MINISTRIES NOTES TO THE FINANCIAL STATEMFNTS FOR THE YEAR ENDED 31 MARCH 2025 Statement of funds (continued) Ststement of funds- prioryear Balance at 31 March 2024 Balan at l Apnl 2023 Income E¥penditu Unrestricted funds General Funds 8,477 48,905 (41,210) 16,172 R•stricted funds Restricted Fund 1,212 1,212 Total of funds 9,689 48,905 (41,210) 17,384 Page 13