Charity Registration No. 1157662
Reign Ministries
Trustees, Report and Financial Statements
For the year ended 31 August 2023
ornerstone
ACCOUNTING

Reign Ministries
Contents of the Financial Statements for the year ended 31 August 2023
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 2023
The Trustees are pleased to present their report together with the financial statements of the Charity for
the year ended 31 August 2023.
Principal office
43 London Road
Bicester
Oxon
OX26 6BU
Bankers
Barclays Bank
36 Market Square
Bicester
OX26 6AQ
Status of Charity and Governing 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 undergraduate 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 leaders)
through a two year training and coaching cycle called Learning Communityi
We have rLJn 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.
The trustees have had regard to the Charity Commission's guidance on public benefit.
Trustees
The Trustees who served during the year and to the date of this report are-
Dave Williams
lenny Bodinham
Carrie Heyward
Alex Shoderu
Dr Alan Stanhope
Chair
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 necessaryforthem to gain an appropriate understanding
of the Charity.
The Trustees met online through the year and were able to conduct 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 2023
Achievements and performance
This year, we trained 21 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. We also expanded our influence by offering
professional development training for existing charities in England.
The financial aspects of the charity have been reshaped in the past year as we have reduced the number
of conferences we are delivering in person. We have been working on improving our fundraising ability
through staffing and financial management controls. We are developing our internal systems and
structures to help us maintain this growth going forward. The position of the charity is healthy
financially. We have made some changes as to how we are going to deliver the academic part of the
degree in the coming year. This will lead us to a more regional fotus and will put local training and
coaching on a higher plane.
The public has benefited in three ways this past year through the growth of the charity. Firstly, we are
now working with groups of teenager5 in a wider range of communities across the UK. Secondly, by
investing into a generation of young le3ders 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. We believe that we are going to hit our target
for the 20 movement leaders we want to see raised up and we are excited about that. We hope that by
taking a regional focus we also can be more agile and more effective around the UK. We have 2 hubs
started in 2023 and we hope in the coming year to add 1-2 to this list. We are going to accomplish this by
partnering with former students and with regional organisations that have a similar vision.
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 income of £2,91012022'. net expenditure of
£3,548). This is a positive result for the organisation, given the challenges of raising funds in today's
climate.
Reserves
The Trustee5 aim to hold the equivalent of 3 rllonths of general expenditure in the general fund at any
time as a contingency to cover unforeseen costs which may arise.
Total reserves amounted to £506,93012022.. £504,020). This was made up of £122,68512021.. £126,544)
of unrestricted general reserves, £376,017 12022.. £376,424) of unrestricted designated reserves and
£8,22812022: £1,052) of restricted reserves.
The unrestricted general reserves in place at the year-end therefore met our reserves policy.
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.
Page 2

Reign Ministries
Report of the Trustees for the year ended 31 August 2023
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 estimate5 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 5tatements,' and
prepare the financial statements on the 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 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 Charit￿5 assets and to prevent and detect
fraud and other irregularities.
On behalf of the Trustees
Dave Williams
Chair
27 April 2024
Page 3

## Reign Ministries 

**Report of the Independent Examiner to the Trustees** for the year ended 31 August 2023 

I report on the accounts of the charity for the year ended 31 August 2023 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** 

30 April 2024 

Cornerstone Accounting Ltd Chartered Accountants 

11 Erngath Road Bo’ness EH51 9DP 


Page 4 



Reign Ministries
Statement of Financial Activities
Forthe year ended 31 August 2023
General Deslgnaied Resirlrted
fvnds
fvnds
fvnds
2023
Totsl
General Designated Resrri¢ted
funds
funds
funds
2022
Total
Notes
In¢orne and endowments
Don3tions and legacies
17.297
81.513
38.936
1,931
36.425
8.420
3.149
53.72Z
89.933
42.085
1.931
26,773
102,698
27,73a
861
46,434
74,207
102,698
27,733
861
Investments
Other
47
47
Total income and endLwirnents
139,677
47,994 187,671
158,112
46,434 204,546
Expendlture
7.976
135,560
7.976
176,785
776
776
Charitable actwitie5
407
40.818
159,743
616
46,959 207,318
Total expenditure
143.536
407
40.818
184,761
160,519
616
46,959
208,094
Net lexpenditurellincome
13.8591
14071
7.176
2.910
2,4071
15251 13.5481
Tr8nsfers between funds
12
1377,0401
377,040
Net movement in funds
13,8591
14071
7,176
2,910 1379,4471
376,424
Total funds brought forward
126.544
376.424
1.05Z
504,020
505,991
1,577
507,568
Total funds carried forward
122.685
376.017
8.228
506,930
126,544
376,424
1,052
504,020
Represented bv..
General funds
Designated funds
Restricted funds
12 122.685
12
IZ2.685
376.017
8.228
8.218
8.228 506,930
126,544
126,544
376,424
1,052
S04.020
376.017
376,424
12
1,052
1.052
Total funds
122.685
376.017
126,544
376,424
The notes on page$ 7 to 13 form part of these flnan¢ial statements.
Pige S

Reign Ministries
Balance sheet
As at 31 August 2023
General Deslsnared Restrlcred
fund5
fvnd5
fyThd5
2023
Total
2022
Nots5
fvnd5
fund5
fund5
Flxed assets
Tangible assets
376.017
376,017
376,424
376.424
Total fixed assets
176.017
376,017
376,424
376,424
turrent a55ets
Debtor5
Cash at bank and in hand
io
8,282
IIS,521
1,220
127,152
1,220
128,204
8,218
123,749
1.052
Total CurtÈntassÈts
123.801
8,228
128,372
1.052
129,424
li
1.1
1.1
1.828
1.828
Net currentassets
122.685
8.218
130.913
126.544
1.052
127.596
Total asstts less tuwent liabilkles
122,685
376,017
8,228
506.930
126,S44
376,424
1,052
504,020
Net45sets
122.685
976.017
8.228
506,930
126,544
376,424
1.052
504,020
Fund$ofthe charity
12
12
It2.6È5
122,615
376.017
8.228
126.S44
126,S44
376,424
1,052
Designated funds
176.017
376,424
Iz
8,215
1.052
Total CharftYf￿Thd5
122,685
176,017
8.228
506,930
126,544
376,424
1,052
51W,020
Thefinincial 5tatement5 on pige5 5t0 13 wereapprgved bytheTru¢ee5 27 April 2024¥nd Signed on theirbehalf by..
DaveWilliam5
Trustee
The noies on p3ges 7t0 13 form part of these financial statements.
Pè8e6

Reign Ministries
Notes to the Financial Statements for the year ended 31 August 2023
l. Accounting policies
Accountin9 convention
The financial statements are prepared under the historical cost convention and in accordance with the
Charities Act 2011, the Financial Reporting Standard 102 and in compliance with the Charities SORP 2019
IFRS 1021. The principal accounting policies adopted in the preparation of the financial statements are
set out below.
Reign Ministries meets the definition of a public benefit entity under FRS 102.
Basls offinanclal statements
The financial statements have been prepared on an accruals ba515. The Trustees consider that there are
no material uncertainties so the accounts have been prepared on the going concern basis.
Income ond debtors
All income is recognised when the Charity is legally entitled to the income, any performance conditions
attached to the income have been met, it is probable that the income will be received and the amount
can be measured reliably.
Debtors are valued at cost at the year-end and adjusted for any amounts considered to be irrecoverable.
Expenditure and creditors
Expenditure is accounted for on an accruals basis and has been classified under headinEs that aggregate
all cost related to the category. Support costs are those costs incurred directly in support of expenditLJre
on the objects of the charity.
Creditors are valued at cost at the year-end and split between amounts due in less than one year and
amounts due in more than one year.
Toxotion
The charity is exempt from Corporation Tax on its charitable activities.
Tongiblefixed assets and depreciation
Only tangible fixed asset additions over £1,000 are capitalised and are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated
residual value, over their expected useful lives, a5 follows..
Land and buildings
oy.
Building improvements
IO% straight line
Fixtures, fittings and equipment
20% straight line Ipreviously, reducing balance)
C05h ot bank ond in hund
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of
four months or less from the date of acquisition or opening of the deposit account.
Fund accounting
For the purpose of the Statement of Financial Activities, funds are defined as follows..
Unrestricted general funds comprise income received for the objects of the charity without further
specified purpose and are available as general funds.
Unrestricted designated fLJnds comprise those funds ringfenced by the Trustees for a particular
purpose in the year ahead.
RestrACted funds comprise income which has been received for the objects of the charity and specified
for a restricted purpose within these objects by the donor.
Page 7

Reign Ministries
Notes to the Financial Statements for the year ended 31 August 2023
l. Accounting policies (continued)
Opemting leose income
Rentals under operating leases are credited to the Statement of Financial Activities on a straight-line basis
over the lease term.
Pensions
The charity operates a defined contribution pension scheme. The pension charge represents the amount
payable by the charity on behalf of it5 employees.
Donated good5, focilitie5 and services
The Charity did not benefit from donated goods or facilities in the year.
We have 6 volunteers who support the Charity through specific roles and responsibilities in coaching or
advisory capacities. There are up to a further 10 volunteers that have assisted at charity events on an ad
hoc basis.
Page 8

Reign Ministries
Notes to the finantlal statements
For the year ended 31 August 2023
2. Oonation5 and legarie5
General Restrlcted
funds
lunds
Total
General
funds
Restritted
funds
Total
2022
2023
UK donation5
Over5ea5 don4tions
Gift aid reclaimed
10,366
75
1.590
3.000
2,266
16,856
17,942
27,222
18,017
1,590
9,679
6,062
1,361
6,000
3,671
18,917
27,517
28,596
33,579
1,361
6,000
3,671
Grants
Fundraising income
1,627
3,893
17,297
36,425
53,722
26,773
46,434
73,207
The following grants were received in the year-.
Bruderhof Community
Church Communities Fund
3.000
6,000
6,000
3.000
6,000
6,000
3. Charltable artlvltles
General Restrlcted
fund5
funds
Totsl
2023
General
funds
Restricted
funds
Total
2022
Degree income
Internship income
Movèolution intome
Church partnership income
Tr8ining event income
Event income
Consultancy income
75,925
75,925
91,673
215
210
91,673
215
210
375
375
9,000
1,000
600
9,000
1,000
600
4,468
745
5(Kl
4,968
745
7,920
7,920
81,513
8,420
89,933
102,698
102,698
4. Trading income
General Re51ricted
funds
funds
Totsl
2023
General
funds
Restricted
funds
Total
2022
Resources sales
Venue hire
12
9,316
29,608
3,149
3,161
9,316
29,608
2,191
4,376
21,166
2,191
4,376
21,166
38,936
3,149
42,085
27,733
27,733
S. Investments
General Re51ricted
funds
funds
Totsl
2023
General
fund5
Restricted
funds
Total
2022
Bank interest
1,931
1,931
861
861
1.931
1.931
861
861
6. Other
General Restricted
funds
funds
Total
2023
General
funds
Restricted
funds
Total
2022
Other income
47
47
47
47
Pa8e 9

Reign Ministries
Notes to the finantlal statements
For the year ended 31 August 2023
7. Expenditure on rai5ingfunds
General Restrlcted
funds
lunds
Total
General
funds
Restritted
funds
Total
2022
2023
Flat rental costs
Paypal fee5
Event Costs
Fundraising rèsourcès costs
6,249
42
852
833
6.249
42
852
833
49
327
400
49
327
400
7,976
7,976
776
49
8. Expenditure on charitable artivities
General Restritted
funds
lunds
Total
Z023
General
funds
Restricted
funds
Total
2022
Dire¢t¢h#ritoble expendityre
DÈgrÈÈ costs
Learning community costs
Fiesource costs
22,365
22,365
25,896
115
25,896
115
2,196
2,196
Itjdlrertchorltoble expendlture
Wages and salaries
Employer's Nl
Pension costs
Other staff cost5
Contractor tosts
47.280
16.113
63.393
68,922
17,854
86,776
2,266
307
37,454
1.634
loo
828
2,842
815
5,195
2.846
2.627
1,434
645
2,914
145
2.266
549
48,633
1,634
3.880
828
2,842
815
5,195
2.846
3.419
2.613
5,170
3,012
145
2,910
2.469
1,345
443
36,318
1,343
44
2,599
2,443
1,146
4,534
2,591
3,504
1,345
443
42,211
1,343
7,226
2,599
2,443
1,146
4,534
2,591
3,504
1,250
13,047
1,214
242
11,179
5,893
Cluster leaders
Training materi81s and printing costs
Venue hire and event costs
Rates and water
Insurance
HÈat and IIEht
Repairs and maintenance
Office, telephone and IT costs
Conference expenses
Advertising
Tr3vel and 5ub515tence
Membership fÈÈs
Leg31 and professional fees
Accounting fees
Independent examination fee
Depreciation
Bad debt5
Bank chÈrgÈs
Sundry expenses
3.780
7.182
792
1.179
4,S25
1,250
12,584
463
1,214
2,910
2.469
880
1,926
880
1,926
880
345
169
345
169
3,083
98
836
3,083
98
836
Total expenditure
135,560
40,818
176,378
IS9,743
46,959
206,702
Support costs have not been separately identified as the trustees consider there is only one charitable activity.
Depreciation of £407 has been charged in the year through the designated assets fund.
The average number of st8ff during the year was 612022.. 71. No employees were paid more th8n £60,000.
Key Management Personnel of the Ch3rity are defined 3S the Managing Director. His remuneration rotèlled £19,24112022..
£18,463).
No 3ccrual has been made for holiday pay at the year-end as there were no material amounts due.
Pa8e 10

Reign Ministries
Notes to the finantlal statements
For the year ended 31 August 2023
9. Tangiblefixed assets
Fixtures,
Land and
Property ffittlngs and
bulldlngs Improvements equlpment
Total
Cost
At I September 2022
373,875
2,658
2,487
379.020
At 31 August 2023
373.875
2,658
2,487
379.020
Depreciution
At I September 2022
Charge for the year
532
266
2,064
141
2,596
407
At 31 August 2023
798
2,205
3,003
Netbook volue
At 31 August 2023
373,875
1,860
282
376,017
At 31 August 2022
373,875
2,126
423
376,424
10. Debtors
General Restricted
funds
fund5
General
funds
Restricted
fund5
2023
2022
Trade dèbtors
Prep3ymenrs and accrued income
Other debtors
2.002
720
5,560
2.002
720
5,560
1,220
1,220
8,282
8,282
1,220
1,220
11. Credltors.. falllng due wlthln one year
General Restrlcted
funds
funds
General
funds
Restricted
funds
2023
2022
Accrua15
Other creditors
Taxation and soci31 security
1,000
880
810
138
880
810
138
118
118
1,118
1,118
1,828
1,828
Pa8e 11

Reign Ministries
Notes to the finantlal statements
For the year ended 31 August 2023
12. Funds movernents
Current year
Balance at
I Sept 2022
Balance at
Transfers 31 Aug 2023
Income
Expenditure
Unrestricted funds
General fund
De5ign4ted a55ets fund
126,544
376,424
139,677
1143,5361
14071
122,685
376.017
Total unrestricted funds
502,968
139,677
1143,9431
498,702
Restrlcted funds
Resources project fund
Staff conference fund
C Staff support fund
D Staff 5UPPOrt fund
660
392
30,857
787
12,899
3,451
123,2891
11,1791
112,8991
13,4511
8,228
Total restricted funds
1,052
47,994
140,8181
8,228
Total charity funds
504,020
187,671
1184,7611
506,930
Bolonce ut
I Sept2021
Bolunce at
Tmn5ftr5 31 Aug2022
Prior year
Income
Expenditure
UftrÈstrirtedfunds
General fund
Oesign8ted assets fund
505,991
158,112
{160,5191 1377,040)
16161
377,040
126,544
376.424
505,991
158,112
(161,135)
502,968
Restrictedfunds
Resources projectfund
Staff conferencefund
Cstoff sUPPOrtfund
D Stoff supportftsnd
750
827
27,765
815
12,464
5,390
{27,8551
11,2501
{12,4641
(5,3901
660
392
1,577
46,434
146,9591
1,052
Totolchurityfvnds
507,568
204,546
{208,094J
504,020
Explanatlon of funds
Unrestrictedfunds..
The Generolfund represents 811 income and expenditure re18ting to the prim8ry focus activities of the charity. other than those
for which funding is designated or restricted.
The Dtsignoted ossetsfund holds the fixed assets of the Charity separately from the liquid assets.
Restrictedlunds..
The Resources Projectfund represents donations received to fund the development of resources such as videos and printed
materials for sale to Christian youth workers.
The 5toff conferencefund represents funding received towards an annual staff retreat and associated costs.
The Stoff 5upportfunds arise where employees are partially self-supported, that is. where the Charity agrees a fixed salary to be
Paid out of general funds, but the employees can also fundraise for additional salary costs. All these additional salary costs are
paid through payroll with the necessary deductions of ta¥ and national insurance.
Pa8e 12

Reign Ministries
Notes to the finantlal statements
For the year ended 31 August 2023
13. Operatlng leases
At 31 August 2023, the Charity held two operating lea5e5 as the le550r:
The office space in Bicester is let directly. A 2 year lease agreement was signed on I September 2022 for £9,000 per annum
plus £500 contribution to utilitie5.
The flat is let through a property letting agency who are paid a 13% management fee on all rental income. No income is
guaranteed where the flat 15 not let and the agreement can be terminated with 3 month's notice.
14. Pension commitments
The Charity operÈtes an aut(Fenrolrnent pension scheme with Smart Pension Limited for all eligible employees. Employer
contributions to the scheme are disclosed in note 8.
15. Trustee and related party transactions
There was no remuneration paid to Trustees during the year ended 31 August 202312022.. nill. Total expenses of £39 were
paid to one Trustee for refreshments at the AGM.
m Williams, the son of trustee Dève Williams, is employed by the Charity 8nd received remuneration of E7,66412022'.
£10,621) in the year. Matt Bodinham, the son of trustee Jenny Bodinham, is also employed bythe Charity and received
remuneration of £5,42112022.. £5,248) in the year.
Unrestrirted donations of £94112022.. EI,3501 were received by the Charity from Trustees and related parties. £1,29112022..
£1,052) of restricted donations to support staff members were made byTrustees and related parties.
16. Volunteers
We have 6 volunteers who 5UPPOrt the Chzritythrough specific role5 and responsibilitie5 in coaching or advisory capacities.
There are up to 3 further 10 volunteer5 that have a5515ted at charity event5 on an Hd hoc bas15.
Pa8e 13