Charity Registration No. 1157662 Reign Ministries Trustees, Report and Financial Statements For the year ended 31 August 2022 orner5tone ACCOUNTING Reign Ministries Contents of the Financial Statements for the year ended 31 August 2022 Page Trustees, Report Report of the Independent Examiner Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7-13 Reign Ministries Report of the Trustees for the year ended 31 August 2022 The Trustees are pleased to present their report together with the financial statements of the Charity for the year ended 31 August 2022. Principal office 43 London Road Bicester Oxon OX26 6BU Bankers Barclays Bank 36 Market Square Bicester OX26 6AQ Status of Charity and Goveming Document Reign Ministries was originally established in 2008, then was registered as a Charitable Incorporated Organisation ICIOI with the Charity Commission on l April 2014. It is registered under Charity Number 1157662. Objectives and activities Our purpose is to advance the Christian faith, particularly amongst young people, and to encourage and support training and coaching in youth leadership. We meet these objectives by undertaking the following activities.. We deliver an underEraduate degree proEramme to train youth ministers lin co-operation with Formission College and Newman University),. We train church and organisational youth teams Imade up of employed and volunteer youth leadersl through a two year training and coaching cycle called Learning Communityi We have run a pilot programme called Strategic Church Partnerships to offer additional levels of support, training and coaching to a youth leader and the church,. and We sell resources to further equip youth leaders with tools to aid their work and support of young people. Trustees The Trustees who served during the year and to the date of this report are.. Jenny Bodinham Carrie Heyward Alex Shoderu Dr Alan Stanhope David Williams Ms B O'Brien Mr D Wickens (appointed 20 November 20211 (resigned 20 November 20211 (resigned 20 November 20211 There must be at least 3 charity trustees. Existing trustees provide suitable names for new trustees and following assessment of this list of names, individuals are invited to become trustees. They must be appointed by resolution at a properly convened Board meeting. New trustees are inducted and trained through provision of the constitution, the latest annual report and statement of accounts and any other documents necessary forthem to gain an appropriate understanding of the Charitv. The Trustees met online through the year and were able to condutt all their usual business without impediment. The day to day operations are delegated to the Managing Director, Kyle McKinnon. Page I Reign Ministries Report of the Trustees for the year ended 31 August 2022 Achievements and performance This year, we trained just under 30 students in Theology, Mission and Youth Ministry. We have spent charity resources on coaching churches, charities and lay volunteers to develop effective youth ministries through training courses and strategic church partnerships. The financial aspects of the charity have been reshaped in the past year as we have reduced some of the programmes that we offer and therefore the staff related to those programmes have left. We have been working on improving our fundraising ability through staffing and financial management controls. We are working and developing our internal systems and structures to help us maintain this growth going forward. The position of the charity is healthy financially. We have added some new team roles which has positioned us to grow in our ability to recruit more participants in the coming year. This effectiveness will hopefully lead to a greater number of people we are training, which has a positive knock on effect to our financial stability. The public has benefited in three ways this past year through the growth of the charity. Firstly, we are now working with groups of teenagers in a wider range of communities across the UK. Secondlyi by investing into a generation of young leaders we are also helping society to be more resilient and in a healthier place for the future as these leaders grow and expand their personal scope of influence. Finally, we have been able to support other youth organisations in their approach and work with young people, therefore helping with provision of further and more effective youth work when the sector and young people desperately need this. Future plans We are almost halfway through our 10 year strategic plan. Our goa15 for the rllediurn term are to explore the growth and expansion of our suite of training opportunities, to establish three regional hubs across the UK, and to assess team health, opportunities and skills against future needs. Financial review Resultsfor the year The financial statements for the year are set out on pages 5 to 13. The Statement of Financial Activities on page 5 reflects net expenditure of £3,54812021.' net income of £2,091). This is a positive result for the organisation, Biven the challenges of raising funds during the pandemic. Reserve5 The Trustees aim to hold the equivalent of 3 months of general expenditure in the general fund at any time as a contingency to cover unforeseen costs which may arise. To enable better management of this reserves policy, the Trustees set up a new designated assets fund in the year to hold the value of the property and other non-liquid assets. This means that the funds held in the general fund are now fully liquid funds which can be used by the Charity to deliver the financial objectives. Total reserves amounted to £504,02012021.. £507,568). This was made up of £126,54412021- £505,991) of unrestricted general reserves, £376,424 12021.. nil) of unrestrirted designated reserves and £1,052 12021.. £1,5771 of restricted reserves. The unrestricted general reserves in place at the year-end therefore met our reserves poliry. Page 2 Reign Ministries Report of the Trustees for the year ended 31 August 2022 Statement on risk The Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees have considered those risks and are satisfied that they have introduced procedures to mitigate the possible effects of those risks. Statement of responsibilities of the Trustees Charity law 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 its income and expenditure for that year. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently,. observe the methods and principles in the applicable Charities SORP,. make judgements and estimates that are reasonable and prudent,. State whether applicable accounting standards and Statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presLJme that the Charity will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable the Trustees to ensure that the financial statements comply with the Charities Act 2011. The Trustees are also responsible for taking such steps as are reasonably open to them to safeguard the Charitls assets and to prevent and detect fraud and other irregularities. On behalf of the Trustees David Williams Choir 12 November 2022 Page 3 ## Reign Ministries ## **Report of the Independent Examiner to the Trustees** for the year ended 31 August 2022 I report on the accounts of the charity for the year ended 31 August 2022 which are set out on pages 5 to 13. ## **Respective responsibilities of Trustees and Examiner** The Charity’s Trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 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. It is my responsibility to examine the accounts as required and to state whether particular matters have come to my attention. ## **Basis of Independent Examiner’s statement** My examination is carried out in accordance with the Charities Act 2011. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the Trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. ## **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 Trust 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 to enable a proper understanding of the accounts to be reached. ## **Alison Franks CA Director** 12 November 2022 Cornerstone Accounting Ltd Chartered Accountants 11 Erngath Road Bo’ness EH51 9DP Page 4 Reign M inistries Staternent of Financial Activitie$ For the year ènded 31 August 2022 General Designated Restricted funds funds funds 2022 Totsl General Designated Restricted funds funds funds 2021 Total Note5 Income and endowment5 Donations and legacie5 Charitable activitie5 26,773 102,698 27,733 46.434 73,207 102,698 27,733 861 65,431 49,411 76,075 5,186 141,506 54,597 888 Inve5tment5 Other 902 902 47 47 30.012 30.012 Totsl income and endowments 158,112 46,434 204,546 146,644 81,261 227,905 Expenditure 776 776 Charitable artivitie5 159.743 616 46,959 207,31B 146,016 79,798 225,814 Total expenditure 160,519 616 46,959 208,094 146,016 79,798 225,814 Net lexpenditurell1nc(￿e 12.4071 16161 15251 11.5481 628 1,463 2,091 Transfers between funds 12 1377.0401 377.040 Net movemerf In luthds 1379,4471 376,424 15251 13,5481 628 1,463 2,091 Total fund5 brought forward 505,991 1.577 507,568 505,363 114 505,477 Totsl funds carried forward 126,544 376.424 1.052 504,020 505,991 1,577 507,568 Represented bv.. General funds Designated funds Restricted funds 12 126.544 12 IZ6.544 376.424 1.05Z 504,020 505,991 505,991 376.424 Iz 1.05Z 1,052 1,577 1,577 1.577 507.568 Total funds 126.544 376.424 505.991 The notes on page$ 7 ro 13 form part of rhese flnancial statements. Page S Reign Ministries Balante sheet As at 31 August 2022 General tle51Bnated Re5trirted fuhds funds fU￿ts 2022 Total General Designated fund5 funds 2021 Total Notès funds Fixed assets TangibleassEtS 376.424 376,424 377,ts10 377.D40 Totalfixed assets 376.424 376,424 377,040 377,NO Curferrtassets Debtors Cash ai bankand in hand io 1,220 127,15Z L220 IZ8,ZQ4 1,585 133.631 1,585 135.208 1,052 1.577 Total cwrenta&sets 128,372 L052 129A24 135,216 1,577 136,793 Creditors..falling due within one year li 1.828 L828 6,265 6,265 Net