## Visible Ministries
Report and Accounts Year ended 31 August 2024
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
## **VISIBLE MINISTRIES**
## **CHARITY INFORMATION**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
**Trustees** J Hancock (Chair) C Healey (appointed March 2024) L Round (resigned September 2023) A Latty R Leslie S Ward (appointed October 2023) **Key Staff** I Henderson (CEO) **Governing Document** Constitution dated 10 January 2014 **Charity Registration Number** 1156788 **Principal Address** Glenn House Houston Park Manchester M50 2BP **Independent Examiner** Lisa Darby FCA Stewardship 1 Lamb's Passage London EC1Y 8AB **Bankers** Lloyds Bank
|**Contents**|**Page**|
|---|---|
|Charity Information|1|
|Trustees' Annual Report|2-8|
|Independent Examiner's Report|9|
|Statement of Financial Activities|10|
|Balance Sheet|11|
|Cashflow Statement|12|
|Notes to the Accounts|13-19|
|Detailed Statement of Financial Activities with Comparatives|20|
Page 1
## **VISIBLE MINISTRIES**
## **TRUSTEES’ ANNUAL REPORT**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
The Trustees present their report and accounts for the year ended 31 August 2024.
## **Objectives and Activities**
1. To advance Christianity for the benefit of the public.
2. To advance the education of the public, particularly, but not exclusively, in the area of Christianity and sexual health.
3. The relief of persons who are in need, hardship or distress, in particular, but not exclusively, by the provision of counselling and support.
The majority of Visible Ministries activities are delivered through the flagship initiative the Naked Truth project, which seeks to 'open eyes and free lives from the damaging impact of pornography'. A team of communicators, educators, and professional therapists work nationally with churches, schools, and other agencies to provide awareness, education, and recovery programs to men, women and young people.
## **Public Benefit**
In planning the activities of the charity, the trustees have given consideration to the guidance on public benefit issued by the Charity Commission, in particular to ensure that:
- There are identifiable benefits
- Benefits are to the public or a section of the public
- The benefits relate closely to the charitable objectives
## **Overview of Activities**
In April 2024, **Visible Ministries celebrated 10 years as a registered charity** —a remarkable milestone in our mission to “remove, restore, and reveal.” While the main anniversary event took place shortly after this reporting period (in October 2024), much of the planning, storytelling, and team mobilisation occurred during the year covered in this report.
Throughout the year, we continued to grow in reach and impact. Key developments included:
- The publication of a new **Theory of Change** to guide our impact evaluation.
- A strengthened **Senior Leadership Team (SLT)** providing structure and momentum.
Page 2
- The recruitment of **9 new associates** to expand delivery of both schools work and recovery programmes.
- A remote team of **over 60 staff, contractors and volunteers** working across the UK and internationally, supported by regular rhythms of online meetings, virtual office tools, and residential retreats.
Visible’s flagship initiative, the **Naked Truth Project** , continued to be the heart of our activity, delivering **awareness, education, and recovery** programmes that “open eyes and free lives” from the damaging impact of pornography.
## **Open Eyes (Awareness & Education)**
Our awareness and education work reached new heights in 2023/24, particularly through schools, churches, and online platforms.
## **Schools Programme**
- **21,842 pupils** reached through **276 sessions** delivered in **79 secondary schools** across the UK.
- Achieved a **91% return booking rate** , up from 75% the previous year.
- Increased reach from 45 schools in the previous year to 79.
- Delivered through a growing network of trained educators and **newly recruited associates** .
## **Parent Engagement**
- **570 parents** attended **in-person and online workshops** on pornography awareness and safeguarding.
## **Church Engagement & Training**
- Successfully launched a new **Naked Truth Church App** , available on Apple and Android stores.
- **389 individuals** completed training via the app.
- Delivered **8 online training events** specifically for churches, equipping leaders and volunteers.
- Reached a new milestone of **55,000 subscribers** to our **YouVersion Bible reading plans**
Page 3
## **Free Lives (Recovery & Transformation)**
Our recovery work continues to provide both accessible entry points and deeper therapeutic support for individuals and couples impacted by pornography.
## **Click to Kick (Peer-Led Support)**
- Ran **31 new Click to Kick groups** , meeting our stated goal.
- Delivered **372 hours** of Click to Kick sessions
- Ctrl-Alt-Del, our on-demand introductory recovery course, was completed by **560 individuals** .
## **Professional Support & Counselling**
- Delivered a total of **3,465 hours** of online support across all formats.
- This included:
## ○ **997 recovery group sessions**
- **2,241 counselling sessions** for individuals and couples
- Welcomed **86 new subscribers** to the **WholeLife** and **WholeHearted** programmes.
## **Our Volunteers**
Visible Ministries are deeply grateful for the time, commitment, and compassion of our dedicated volunteers, who play a vital role in delivering the charity’s mission. A key area of volunteer contribution is the facilitation of Click to Kick recovery groups, which support individuals seeking freedom from pornography and sexual addiction.
Each Click to Kick group is facilitated by trained volunteers who offer weekly support, guidance, and accountability in a safe, non-judgmental environment. These facilitators undergo a structured onboarding process, are supported by our central team, and are provided with regular resources and training to ensure consistency and quality across all groups.
By using volunteers in this core delivery area, Visible is able to significantly extend its impact while keeping delivery costs low. On average, each volunteer facilitator contributes between 2–3 hours per week. With dozens of groups running throughout the year, this equates to hundreds of volunteer hours monthly—resources that would otherwise require paid staff or external contractors to deliver.
We estimate that the use of volunteers to run these groups saves the charity in excess of £70,000 annually in delivery costs alone, while also enriching the work with lived experience, peer support, and relational continuity. This model of volunteer-led facilitation not only contributes to financial sustainability but also enhances the authenticity and accessibility of our recovery programmes.
Visible Ministries remains committed to investing in and celebrating its volunteers, recognising that their contribution is both financially invaluable and spiritually transformative.
Page 4
## **Future Plans (2024/25)**
As we begin our second decade, we remain committed to equipping individuals, churches, and communities with transformational tools and support. Key goals for the coming year include:
## **People & Leadership**
- Recruit and train **75 active associates** to deliver schools and recovery programmes.
- Employ a new **staff member to conduct research and scoping** , especially for international development.
## **Education & Awareness**
- **Teach in 100 schools** across the UK and beyond.
- **Reach 500+ parents** through workshops and events.
- **Develop and launch** a new **video and podcast series** with **leading experts** .
- Expand into **university settings** , including:
- Awareness campaigns in at least one UK university.
- A new **University Toolkit** for students to lead events and support groups.
## **Recovery & Support**
- Support **180 individuals** through new Click to Kick groups.
- Provide **over 1,000 users** and **over 1,000 partners** with one-to-one counselling.
- **Develop ongoing support pathways for singles** .
- **Continue delivering 3–4 day intensives** in the **UK, US, and online** .
- **Conduct a research project** with young people around recovery and education needs.
## **International Expansion**
- Begin delivery of **school sessions, training, and policy development** in a **new country** outside the UK.
## **Celebrating 10 Years**
- Host the **10th Anniversary Celebration Event** in **October 2024** .
- Publish a **special commemorative magazine** in **December 2024** .
Page 5
## **Financial Review**
During the year income increased by £131,000 to £577,000, and expenditure increased by £87,000 to £500,000. As a result the charity has reported a surplus of £77,000 (2023: £33,000).
The Charity is grateful to all its supporters for their generous donations - the Charity could not operate without their continued support. Donation income increased by £52,000, which was largely due to an increase in grant funding. Income from the provision of our services increased by £76,000 as our capacity to help those affected by pornography continued to grow.
The amount we spent directly on the provision of our services increased by £73,000 as we continued to expand our capacity to help those affected by pornography. Pleasingly, this increase was matched by the extra income we received from the provision of our services. We also spent an additional £12,000 on fundraising as we recognised the importance of making potential supporters aware of the work we do so that they have an opportunity to partner with us.
The Charity’s net assets increased by £77,000 (this year’s surplus) to £214,000. This comprised cash of £283,000 (of which £202,000 was unrestricted) less other net current liabilities of £69,000.
## **Reserves Policy**
Staff costs are the Charity’s principal fixed overhead and the Trustees believe it is sufficient to aim to hold free reserves (defined as being unrestricted net current assets) of no less than £100,000, which equates to about 2 months of budgeted expenditure. This level of reserves should be sufficient to enable the Charity continue to operate smoothly when there are temporary shortfalls in income or, if the reduction in income seems to be more permanent, to provide for an orderly reduction in activity. The Charity ended the year with unrestricted net current assets of £133,000 and the Charity is complying with its reserves policy.
## **Structure, Governance and Management**
Visible Ministries is a **Charitable Incorporated Organisation (CIO)** governed by a Board of Trustees. Trustees are appointed based on relevant expertise and shared alignment with our mission and values. The board meets regularly to provide oversight, ensure compliance with the charity’s objectives, and support the strategic direction of the leadership team.
New Trustees are appointed by the existing Trustees, by majority vote. All Trustees are provided with resources to help them understand and undertake their roles.
Responsibility for the day-to- day operation of the Charity is delegated to a senior leadership (which comprises the CEO, Director of Operations, and Director of Recovery). They meet monthly in person and biweekly online, providing clear leadership and accountability.
Page 6
## **Remuneration of Key Management Personnel**
Visible currently has one key management person: the Chief Executive Officer, Ian Henderson. The remuneration of the CEO is determined by the Board of Trustees in line with our commitment to transparency, stewardship of charitable funds, and sector best practices.
To ensure the salary is fair, proportionate, and reflective of the responsibilities of the role, the Board considers the following factors:
- **Sector Benchmarks** : We use publicly available salary data from comparable charities of a similar size, income, and mission focus. Where available, data from sector sources such as NCVO, ACEVO, and Charity Job salary surveys are referenced.
- **Job Scope and Responsibility** : The CEO role is assessed in terms of leadership, strategic responsibility, fundraising targets, line management, and accountability for delivery of Visible’s mission and impact.
- **Charity Size and Affordability** : Remuneration is evaluated within the context of the charity’s annual turnover, financial health, and long-term sustainability. Trustees ensure the package represents value for money in pursuit of our charitable objectives.
- **Annual Review** : The CEO's salary is reviewed annually by the Board, with any adjustments requiring Trustee approval. No individual is involved in setting their own pay.
No bonuses or performance-related pay are currently offered. Any changes to the remuneration framework will be documented and approved by the Board to ensure alignment with our charitable purpose and the expectations of stakeholders.
## **Principal Risks and Uncertainties**
The Trustees of Visible Ministries take seriously their responsibility to identify, assess, and manage the risks that could impact on the charity's ability to achieve its objectives. Risk management is embedded within the organisation’s governance structure and is reviewed at least annually.
Visible maintains a comprehensive risk register which categorises key risks across governance, finance, operations, compliance, external perception, and safeguarding. For each identified risk, the register outlines the potential impact, likelihood of occurrence, and the mitigation steps being implemented.
## **Key Risk Areas and Mitigations**
- **Governance Risks** : These include lack of strategic direction, skills gaps within the Trustee body, and conflicts of interest. Trustees mitigate these risks by regularly reviewing strategy, recruiting with a skills-based framework, and implementing a robust conflict of interest policy with agreed disclosure procedures.
- **Financial Risks** : Financial sustainability is actively monitored through strategic planning, diversified income streams, donor care strategies, and contingency budgeting. Financial controls are reviewed annually by Trustees, with an oversight of restricted and unrestricted fund use and regular reporting to funders.
- **Safeguarding and Operational Risks** : Given Visible’s work with young people and vulnerable groups, safeguarding is a high priority. Risks are mitigated through safe recruitment practices, training, safeguarding agreements for high-risk individuals, and close liaison with statutory agencies. Project and service delivery risks are addressed via complaints procedures, quality assurance processes, and beneficiary feedback mechanisms.
Page 7
- **External and Reputational Risks** : These include public perception and adverse media. Mitigation strategies include clear public communication, crisis planning, and consistent engagement with supporters and beneficiaries.
- **Compliance Risks** : Visible keeps up to date with regulatory requirements (including employment law, safeguarding, tax, and data protection) through regular reviews, trustee and staff training, and access to professional advice where required.
The risk register is updated annually or more frequently if a significant change occurs, such as new legislation, operational shifts, or changes in key personnel. The Trustees are committed to maintaining a risk-aware culture while enabling the charity to pursue its mission with integrity, wisdom, and confidence.
## **Trustees Responsibilities Under Charity Law**
The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:
1. select suitable accounting policies and apply them consistently;
2. observe the methods and principles in the Charities SORP;
3. make judgements and estimates that are reasonable and prudent;
4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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 and the Charity (Accounts and Reports) Regulations 2008. 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.
## **Approval**
This report was approved by the trustees and signed on their behalf by:
J Hancock Jun 26, 2025 ………………………….. J Hancock (Jun 26, 2025 13:24 GMT+1) ………………………….. J Hancock – Chair Date:
Page 8
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF**
## **VISIBLE MINISTRIES ('the Charity')**
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 August 2024 on pages 10 to 20 following, which have been prepared on the basis of the accounting policies set out on pages 13 and 14.
## **Responsibilities and basis of report**
As the charity’s trustees of the Charitable Incorporated Organisation 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**
Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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; or
3. the accounts do not comply with the applicable requirements concerning 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 fair' view which is not a matter considered as part of an independent examination.
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.
## Lisa Darby
Lisa Darby (Jun 26, 2025 16:09 GMT+1)
Lisa Darby FCA Institute of Chartered Accountants in England and Wales Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: Jun 26, 2025
Page 9
## **VISIBLE MINISTRIES**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
4
Investments: bank interest
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities
5
Raising funds
5
**Total expenditure**
**Net income/(expenditure)**
**Transfers between funds**
12
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
12|Unrestricted
Funds
£
168,028
334,240
2,870
505,137
460,256
19,734
479,990
25,147
-
25,147
108,268
133,415|Restricted
Funds
£
72,649
-
-
72,649
20,385
-
20,385
52,263
-
52,263
28,867
81,130|Total
Funds
2024
£
240,676
334,240
2,870
577,786
480,641
19,734
500,375
77,411
-
77,411
137,134
214,545|Total
Funds
2023
£
188,241
257,728
506|
|---|---|---|---|---|
|||||446,475|
|||||406,040
7,400|
|||||413,441|
||||||
|||||33,034
-|
|||||33,034
104,100|
|||||137,134|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing operations.
The notes on pages 13 to 20 form part of these accounts.
Page 10
## **VISIBLE MINISTRIES**
## **BALANCE SHEET**
## **AS AT 31 AUGUST 2024**
|Note
**CURRENT ASSETS**
Debtors
8
Cash at bank and in hand
9
**CREDITORS: Amounts falling**
**due within one year**
10
**Net current assets / (liabilities)**
**TOTAL NET ASSETS**
**FUND BALANCES**
12
Unrestricted Funds
General funds
Designated funds
Restricted Funds|Unrestricted
Funds
£
1,996
202,025
204,021
(70,605)
133,416
133,416
133,415
-
-
133,415|Restricted
Funds
£
-
81,130
81,130
-
81,130
81,130
-
-
81,130
81,130|Total
Funds
2024
£
1,996
283,155
285,151
(70,605)
214,545
214,545
133,415
-
81,130
214,544|Total
Funds
2023
£
7,453
155,637|
|---|---|---|---|---|
|||||163,089
(25,955)|
|||||137,134|
|||||137,134|
|||||108,268
-
28,867|
|||||137,134|
The financial statements were approved by the Board of Trustees and were signed on its behalf by:
J Hancock Jun 26, 2025 J Hancock (Jun 26, 2025 13:24 GMT+1) ----------------------------------------------------------------------------J Hancock - Chair Date
Charity number: 1156788
The notes on pages 13 to 20 form part of these accounts.
Page 11
## **VISIBLE MINISTRIES**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
## **CASH FLOW STATEMENT**
|Note
**Cash flows from operating activities:**
**_Net cash provided by/(used in) operating activities_**
a
**Cash flows from investing activities:**
Bank interest receivable
**_Net cash provided by/(used in) investing activities_**
b
b
**Cash and equivalents at the beginning of the year**
**_Cash and cash equivalents at the end of the year_**
**_Change in cash and equivalents in the reporting period_**|2024
£
124,649
2,870
2,870
127,519
155,637
283,156|2023
£
34,199|
|---|---|---|
|||506|
|||506|
|||34,705
120,932|
|||155,637|
## **Note a: Reconciliation of net income/(expenditure) to net cash flow from operating activities**
|**Adjustments for:**
Bank interest receivable
(Increase)/decrease in debtors
Increase/(decrease) in creditors
**_Net cash provided by (used in) operating activities_**
**Note b: Analysis of cash and cash equivalents**
Cash at bank with immediate access
Payment processing accounts (e.g. Stripe, PayPal etc)
**Total cash and cash equivalents**
**_Net income/(expenditure) for the reporting period (as per the statement of_**
**_financial activities)_**|2024
£
77,411
(2,870)
5,457
44,650
124,649
2024
£
275,435
7,720
283,155|2023
£
33,034
(506)
(6,880)
8,550|
|---|---|---|
|||34,199|
|||2023
£
149,584
6,053|
|||155,637|
An analysis of changes in net debt has not been presented because the charity does not have any borrowings.
Page 12
## **VISIBLE MINISTRIES**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
## **1 Statutory Information**
The charity is a charitable incorporated organisation registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.
## **2 Accounting Policies**
These financial statements are prepared on a going concern basis, under the historical cost convention.
These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.
The principles adopted in the preparation of the financial statements are set out below.
## a) Going concern
The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
## b) Income
Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations and legacies include recoverable gift aid, which is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
The charity relies on volunteers to carry out some of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.
- Income from charitable activities represents income receivable from goods and services supplied in furtherance of the charity's charitable objects. It includes income from: i) Coaching and counselling sessions with those seeking recovery and healing from the affects of problematic sexual behaviour; income is recognised when counselling sessions are delivered.
- ii) Recovery subscriptions, which gives subscribers access to support groups and other resources; subscriptions are payable monthly and is recognised as income when the subscription period commences
iii) School sessions and other events. Income is recognised when these sessions and events take place.
## c) Expenditure
Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.
The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.
The charity's overheads, being costs that have not been incurred directly on a charitable activity, have been have been disclosed separately in the notes under the heading 'Support costs'. These costs have been allocated to the charity's activities based on each activity's share of expenditure incurred directly on activities.
Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.
Page 13
## **VISIBLE MINISTRIES**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
## **2 Accounting Policies (continued)**
## d) Fund accounting
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. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
## e) Tangible fixed assets
Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £500 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective office equipment and computer equipment are depreciated evenly over four years. To date the charity has not incurred any capital expenditure that needs to be capitalised.
f) Leased assets Leases which do not transfer substantially all the risks and rewards of ownership to the charity are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
g) Pension scheme arrangements The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.
## h) Taxation The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
- i) Financial instruments The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive).
## j) Foreign currency translation
These financial statements are presented in sterling, which is the charity's functional currency.
- i) Income and expenditure denominated in a foreign currency is translated into sterling at the exchange rate prevailing on the date of the transaction.
- ii) Monetary assets and liabilities denominated in a foreign currency are re-translated at the exchange rate prevailing at the balance sheet date.
All differences arising from the application of the above policy are charged (or credited) to the Statement of Financial Activities.
- k) Critical accounting estimates and areas of judgement The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.
Page 14
## **VISIBLE MINISTRIES**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
## **3 Donations and legacies**
For the year income from donations and legacies comprised:
|Open Eyes
£
Gifts - individuals
-
Gifts - Churches
-
Gifts - Businesses
-
Grants income from Trusts and other grant making bodies
115,000
Gift aid tax receivable
-
115,000
In the previous year income from donations and legacies comprised:
Open Eyes
£
Gifts - individuals
-
Gifts - Churches
-
Gifts - Businesses
-
Grants income from Trusts and other grant making bodies
-
Gift aid tax receivable
-
-|Free lives
£
-
-
-
-
-
-
Free lives
£
-
-
-
-
-
-|For general
purposes
£
58,913
11,341
3,410
46,100
5,912
125,676
For general
purposes
£
53,594
12,554
7,103
103,100
11,889
188,241|2024
£
58,913
11,341
3,410
161,100
5,912
240,676
2023
£
53,594
12,554
7,103
103,100
11,889
188,241|
|---|---|---|---|
## **4 Income from charitable activities**
For the year income from charitable activities comprised:
|Coaching and counselling
Recovery subscriptions
Speaking fees and honorariums
Sales of resources
School sessions
Event income|Open Eyes
£
-
300
458
995
31,559
1,420
34,732|Free lives
£
176,391
83,283
8,332
50
-
28,804
296,860|For general
purposes
£
-
-
2,460
188
-
-
2,648|2024
£
176,391
83,583
11,250
1,233
31,559
30,224
334,240|
|---|---|---|---|---|
In the previous year income from charitable activites comprised:
|Coaching and counselling
Recovery subscriptions
Speaking fees and honorariums
Sales of resources
School sessions
Event income|Open Eyes
£
-
-
-
925
22,787
-
23,711|Free lives
£
133,185
85,606
-
-
-
13,610
232,401|For general
purposes
£
-
-
800
815
-
-
1,615|2023
£
133,185
85,606
800
1,740
22,787
13,610
257,728|
|---|---|---|---|---|
Page 15
**VISIBLE MINISTRIES**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
## **5 Expenditure**
For the year th charity's expenditure comprised:
|_Incurred directly on activities_
Staff costs
Freelance coaches, counsellors and consultants
Project delivery costs
Web design and IT software
Fundraising expenses and marketing
Other directly attributable expenses
Grants payable (see note 6)
_Support costs_
Staff costs
Travel and subsistence
Other administrative expenses
Governance:
Independent examainer's fee|Open
Eyes
_£_
63,940
12,194
8,230
6,650
1,370
194
-
92,578
7,801
1,580
1,819
1,017
12,217
104,795|Free
Lives
_£_
90,154
210,670
7,448
6,896
1,481
10,395
-
327,044
27,558
5,580
6,427
3,592
43,157
370,200|Supporting
other
charities
_£_
-
-
-
-
-
-
5,646
5,646
-
-
-
-
-
5,646|Total
Charitable
Expenditure
2024
£
154,094
222,864
15,678
13,546
2,851
10,588
5,646
425,268
35,359
7,160
8,246
4,609
55,373
480,641|Raising
funds
2024
£
6,317
6,853
-
126
4,136
-
17,433
1,469
297
343
191
2,300
19,734|
|---|---|---|---|---|---|
In the previous year the charity's expenditure comprised:
|_Incurred directly on activities_
Staff costs
Freelance coaches, counsellors and consultants
Project delivery costs
Web design and IT software
Fundraising expenses and marketing
Other directly attributable expenses
Grants payable (see note 6)
_Support costs_
Staff costs
Travel and subsistence
Other administrative expenses
Governance:
Independent examainer's fee|Open
Eyes
_£_
60,260
8,715
5,767
8,081
3,142
-
-
85,965
9,114
1,899
1,441
876
13,330
99,295|Free
Lives
_£_
77,839
157,370
8,650
8,081
3,142
5,852
-
260,934
27,664
5,765
4,373
2,659
40,460
301,394|Supporting
other
charities
_£_
-
-
-
-
-
5,351
5,351
-
-
-
-
-
5,351|Total
Charitable
Expenditure
2023
£
138,099
166,085
14,417
16,162
6,285
5,852
5,351
352,250
36,777
7,664
5,814
3,535
53,790
406,040|Raising
funds
2023
£
5,829
-
-
-
578
-
6,407
679
142
107
65
993
7,400|
|---|---|---|---|---|---|
The fee payable to the independent examiner for preparing and examining the 2024 accounts was £4,800 (2023: £3,600).
Page 16
## **VISIBLE MINISTRIES**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
## **6 Grants payable**
Grants payable for the year comprised:
|Institutions
£
Grants for Christian outreach
5,250
Grants for the relief of poverty
-
5,250
The comparatives for the previous year are as follows:
Institutions
£
Grants for Christian outreach
4,955
Grants for the relief of poverty
396
5,351
The charity's principal grants to institutions comprised:
Stewardship
World Outreach
Grants to institutions for less than £1,000 each
Gross wages and salaries
Social security
Pension costs
Other employment benefits
**Analysis of staff costs, the cost of key management personnel and trustee remuneration**|Individuals
£
-
396
396
Individuals
£
-
-
-
2024
£
3,400
1,675
571
5,646
2024
£
172,147
6,584
8,607
4,177
191,515|2024
£
5,250
396
5,646
2023
£
4,955
396
5,351
2023
£
4,500
-
851
5,351
2023
£
152,771
16,368
7,639
5,225
182,002|
|---|---|---|
## **7 Analysis of staff costs, the cost of key management personnel and trustee remuneration**
The average monthly number of employees during the year was 6.8 (2023: 6.4). Most of the charity's activities are carried out by volunteers.
No staff received salaries at a rate of more than £60,000 per annum.
The charity's key management comprise the trustees and the key staff named on the Charity Information page. During the year key management received employment benefits totalling £60,920 (2023: £57,854).
No trustees received employment benefits in either the current or preceding year.
## **8 Debtors**
|Trade debtors
Gift aid recoverable
**9**
**Cash at Bank and in Hand**
Cash at bank with immediate access
Payment processing accounts (e.g. Stripe, PayPal etc)|2024
£
1,558
438
1,996
2024
£
275,435
7,720
283,155|2023
£
3,107
4,345
7,453
2023
£
149,584
6,053
155,637|
|---|---|---|
Page 17
## **VISIBLE MINISTRIES**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
## **10 Creditors: liabilities falling due within one year**
|Employment taxes
Other creditors
Accruals
Deferred income|2024
£
3,395
1,820
23,391
42,000
70,605|2023
£
1,485
1,483
22,987
-
25,955|
|---|---|---|
Deferred income comprises a grant received before the year end to fund activities in the new financial year when the grants will be recognised as income.
## **11 Pension commitments**
During the year employer’s pension contributions totalling £8,607 (2023: £7,639) were payable to defined contribution personal pension schemes. At the balance date pension contributions totalling £1,820 (2023: £1,483) were owed.
## **12 Funds**
During the year the movements in the charity's funds were as follows:
|_General Unrestricted Funds_
_Restricted Funds_
Bursary fund
Youth media fund
Open Eyes fund
Aggregate of funds|Opening
balance
2024
£
108,268
11,922
16,945
-
28,867
137,134|Incoming
resources
2024
£
505,137
149
-
72,500
72,649
577,786|Outgoing
resources
2024
£
(479,990)
(3,850)
-
(16,535)
(20,385)
(500,375)|Transfers
in the year
2024
£
-
-
-
-
-
-|Closing
balance
2024
£
133,415
8,221
16,945
55,965
81,130
214,545|
|---|---|---|---|---|---|
## **Analysis of net assets by fund**
The assets and liabilities of the various funds were as follows:
|General
Designated
funds
funds
£
£
Debtors
1,996
-
Cash at bank and in hand
202,025
-
Creditors falling due within one year
(70,605)
-
133,415
-
In the previous year the movements in the charity's funds were as follows:
Opening
Incoming
Outgoing
balance
resources
resources
2023
2023
2023
£
£
£
_General Unrestricted Funds_
86,422
446,381
(407,590)
_Restricted Funds_
Bursary fund
17,678
94
(5,850)
Youth media fund
-
-
-
17,678
94
(5,850)
Unrestricted Funds
Aggregate of funds
104,100
446,475
(413,440)|Restricted
funds
£
-
81,130
-
81,130
Transfers
in the year
2023
£
(16,945)
-
16,945
16,945
-|2024
£
1,996
283,155
(70,605)
214,545
Closing
balance
2023
£
108,268
11,922
16,945
28,867
137,134|
|---|---|---|
Page 18
**VISIBLE MINISTRIES**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
## **12 Funds continued**
## **Analysis of net assets by fund**
In the previous year, the assets and liabilities of the various funds were as follows:
|Debtors
Cash at bank and in hand
Creditors falling due within one year|General
Designated
funds
funds
£
£
7,453
-
120,920
-
(20,105)
-
108,268
-
Unrestricted Funds|Restricted
funds
£
-
34,717
(5,850)
28,867|2023
£
7,453
155,637
(25,955)
137,134|
|---|---|---|---|
The **Bursary** fund was created from donations received to subsidise clinical fees for individuals who have been referred for therapy.
The **Youth media** fund was created from a donations received in a previous year to help develop media resources for young people.
The **Open Eyes** fund was created from a variety of grants received to help make people (and especially young people) aware of the harmful affects of pornography and to provide them with resources that can help them deal with this.
## **13 Operating lease commitments**
The charity had an operating lease for a motor vehicle, which has now ended. The minimum amount payable in respect of this lease was as follows:
|Within one year
Between one and five years
Payments falling due:|2024
£
-
-
-|2023
£
2,680
-
2,680|
|---|---|---|
During the year the charity was charged £4,177 (2023: £4,594) for its operating lease.
## **14 Transactions with related parties**
During the year the charity:
- a) received donations totalling £3,815 (2023: £2,000) from related parties (which includes trustees, any other members of key management and anyone closely connected to them).
- b) paid £1,842 (2023: £224) to A Latty, who is a trustee, for website design services; these payments are permitted by the Charity's governing document.
Except for the reimbursement of expenses incurred when acting as agent for the charity, no expenses (2023: £nil) were paid to (or for) the trustees.
Except as disclosed in note 7 'Analysis of staff costs', there have been no other transactions with related parties during the year.
Page 19
## **VISIBLE MINISTRIES**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES**
## **FOR THE YEAR ENDED 31 AUGUST 2024**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
4
Investments: bank interest
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities:
5
Raising funds
5
**Total Expenditure**
**Net income/(expenditure)**
**Transfers between funds**
12
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
12||General
Designated
2024
2024
£
£
168,028
-
334,240
-
2,870
-
505,137
-
460,256
-
19,734
-
479,990
-
25,147
-
-
-
25,147
-
108,268
-
133,415
-
Unrestricted funds|Restricted
2024
£
72,649
-
-
72,649
20,385
-
20,385
52,263
-
52,263
28,867
81,130|Total
2024
£
240,676
334,240
2,870
577,786
480,641
19,734
500,375
77,411
-
77,411
137,134
214,545|||General
Designated
2023
2023
£
£
188,241
-
257,728
-
412
-
446,381
-
400,190
-
7,400
-
407,590
-
38,790
-
(16,945)
-
21,846
-
86,422
-
108,268
-
Unrestricted funds|Restricted
2023
£
-
-
94
94
5,850
-
5,850
(5,756)
16,945
11,189
17,678
28,867|Total
2023
£
188,241
257,728
506
446,475
406,040
7,400
413,440
33,034
-
33,034
104,100
137,134|
|---|---|---|---|---|---|---|---|---|---|
Page 20