Charity Registration No. 1157662
Scottish Charity Registration No. SC053118
Reign Ministries
Trustees, Report and Financial Statements
or
erstone
COUNTING

Reign Ministries
Contents of the Financial Statements for the year ended 31 August 2024
Page
Trustees, Report
Report of the Independent Examiner
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
7-13

Ministries
the Trustees for the year ended 31 August 2024
tees are pleased to present their report together with the financial statements of the Charity for
ded 31 August 2024.
Bankers
Barclays Bank
36 Market Square
icester
66AQ
Cambridge and Counties Bank Redwood Bank
Charnwood Court
The Nexus Building
5B New Walk
Broadway
Leicester
Letchworth Garden City
LEI 6TE
SG6 3TA
OX2
Status o
rit
Reign Ministri
Organisation (Cl
1157662. On 13 Fe
Regulator IOSCR) unde
cument
ished in 2008, then was registered as a Charitable Incorporated
mission on l April 2014. It is registered under charity number
was also registered with the Office of the Scottish Charity
al
20

Reign Ministries
Report of the Trustees for the year ended 31 August 2024
Achievements and performance
This year we trained 10 students in Theology, Mission and Youth Ministry. We have also trained about 50
leaders and 5 churches on ways to develop a disciple making approach to engaging young people. We
have also had the opportunity to train a number of leaders within the Elim domination around disciple-
making. We have also invested time and resources into supporting a growing network of youth leaders
from around the UK called the 'Disciplemaking Projecy.
Financially, we have made some staffing changes which have reduced our overheads and help us to
remain financially stable in a season of change. We have received external advice on how to develop a
stronger structure and have also engaged in the services of an outside group to help us with our
fundraising needs. We see our streamlined team well positioned to adapt to programme changes or
developments - a strength many charities would be envious of.
The public has benefited this past year in three ways through the work of the charity. Firstly, by
connecting with regional partners we are expanding our influence on different groups of young people
across the UK. We are developing links and networks into areas we have never had much influence or
impact in before. Secondly, by investing in a generation of youth leaders- both paid and volunteer- we
are strengthening an aspect of the church and society which has been shrinking in recent times. This
investment will help these leaders to continue in youth ministry and be more effective in what they do.
Finally, as we are able to support others in their approach to youth work, we believe that we are making
the sector as a whole stronger which will therefore result in a healthier provision for young people in the
coming months and years.
We have restructured the way that we are helping deliver the degree-level training, and this year we have
established that it is viable. We can nowworkthrough our partnership5 to recruit and train more students
in the coming years.
We are also in the process of piloting a resource that we believe could be of huge value to the 15,000
churches in the UK who have 0-5 younE people in them.
Finally, we are investing more time and energy into the Disciplemaking Project. We believe that this
network has a huge potential to influence locally and nationally and therefore are very excited to see
where it is going to go.
Future plans
We have restructured the way that we are helping deliver the degree-level training, and this year we have
established that it is viable. We can nowworkthrough our partnerships to recruit and train more students
in the coming years.
We are also in the process of piloting a resource that we believe could be of huge value to the 15,000
churches in the UK who have 0-5 young people in them.
We are investing more time and energy into the Disciplemaking Project. We believe that this network has
huge potential to influence locally and nationally and therefore are very excited to see where it is going
to go.
Finally, the trustees are exploring the sale of the property held in Bicester in the next financial year. As
the activities and geographical location of ministry has shifted, the need for a building in Bicester has
largely disappeared. The trustees are inclined to think that the asset held as cash would se￿e the charity
better in the short to medium term as new opportunities and programmes are considered.
Page 2

Reign Ministries
Report of the Trustees for the year ended 31 August 2024
Financial review
Results for the year
The financial statements for the year are set out on pages 5 to 13.
The Statement of Financial Artivities on page 5 reflects net expenditure of £28.990 {2023: net income of
£2,910). This is in line with forecasts, as this year saw the charity plateau in student numbers, pivot its
strategy for student recruitment, and invest in new pilots and initiatives to build for a stronger and stable
future.
Reseryes
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.
Total reserves amounted to £477,94012023: £506,930). This was made up of £102,33012023: £122,685)
of unrestricted general reserves, £375,610 (2023: £376,017) of unrestricted designated reserves and £nil
12023: £8,228) 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.
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 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 Chariws assets and to prevent and detect
fraud and other irregularities.
On behalf of the Trustees
Dave Williams
Chair
6 March 2025
Page 3

## Reign Ministries 

## **Report of the Independent Examiner to the Trustees** for the year ended 31 August 2024 

I report on the accounts of the charity for the year ended 31 August 2024 which are set out on pages 5 to 13. 

## **Respective responsibilities of Trustees and Examiner** 

The Charity Trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011, the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).  The Charity Trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Charities and Trustee Investment (Scotland) Act 2005 and to state whether particular matters have come to my attention.  In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011. 

## **Basis of Independent Examiner’s statement** 

My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations (as amended) and 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** 

In the course of my examination, no matter has come to my attention 

1. which gives me reasonable cause to believe that in any material respect the requirements: 

- to keep accounting records in accordance with Section 130 of the Charities Act 2011, Section 44(1) (a) of the Charities and Trustee Investment (Scotland) Act 2005 Act and Regulation 4 of the 2006 Accounts Regulations (as amended), and 

- to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations (as amended) 

have not been met, or 

2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

## **Alison Franks CA Director** 

12 March 2025 

Cornerstone Accounting Ltd Chartered Accountants 

11 Erngath Road Bo’ness EH51 9DP 

Page 4 



Reign Ministries
Statement of Financial Activities
For the year ended 31 August 2024
General Designated Restrirted
funds
funds
funds
2024 General Designated Restricted
Total
funds
funds
funds
2023
Total
Note
Income and endowments
Donations and legacies
Charitable activities
Other trading activities
Investments
7.181
35.831
39,300
3,623
13.515
1.200
960
20.696
37.031
40.260
3,623
17.297
81.513
38,936
1,931
36,425
8,420
3,149
53,722
89,933
42,085
1,931
Total income and endowments
85.935
15.675 101.610 139,677
47,994 187,671
Expenditure
Raising funds
Charitable activities
6.515
99,775
6.515
7,976
23,903 124.085 135,560
7,976
40.818 176,785
407
407
Total expenditure
106,290
407
23,903 130,600 143,536
407
40,818 184,761
Net income/lexpenditurel
120.355)
{407) {8.2281 {28.990) 13,8591
14071
7,176
2,910
Transfers between funds
li
Net movement In funds
120.3551
{407) {8.2281 {28.990) 13,8591
14071
7,176
2,910
Total funds brought forward
122.685
376.017
.228 506.930 126,544
376,424
1,052 504,020
Total funds carried forward
102.330
375.610
477.940 122,685
376,017
8,228 506,930
Represented by:
General funds
Designated funds
Restricted funds
11 102.330
li
li
102.330 122,685
375.610
122,685
376,017
8,228
8,228
8,228 506,930
375.610
376,017
Total funds
102,330
375,610
477,940 122,685
376,017
The notes on pages 7 to 13 form part of these financial statements.
Page 5

Reign Ministries
Balance sheet
As at 31 August 2024
General Designated Restricted
funds
funds
funds
2024 General Designated Restricted
Total
funds
funds
funds
2023
Total
Note:
Fixed assets
Tangible assets
375.610
375.610
376,017
376.017
Total fixed assets
375.610
375.610
376,017
376,017
Current assets
Debtors
Cash at bank and in hand
9.375
96.508
9.375
8.282
96.508 115,521
8,282
8,228 123.749
Total current assets
105.883
105.883 123.803
8.228 132,031
Liabilities
Creditors.. falling due within one year
io
3,553
3.553
1.118
1,118
Net current assets
102.330
102.330 122,685
8,228 130,913
Total assets less current liabilitses
102.330
375.610
477.940 122,685
376,017
8,228 506,930
Net a55ets
102,330
375,610
477,940 122,685
376,017
8,228 $06,930
Funds of the charity
General funds
Designated funds
Restricted funds
11 102.330
li
li
102.330 122,685
375.610
122.685
376,017
8,228
375.610
376,017
8,228
Total charity funds
102,330
375.610
477,940 122.685
376,017
8,228 506,930
The financial statements on pages 5 to 13 were approved by the Trustees on 6 March 2025 and signed on their behalf bv..
Dave Williams
Trustee
The notes on pages 7 to 13 fomi part of these financial statements.
Page 6

Reign Ministries
Notes to the Financial Statements for the year ended 31 August 2024
l. Accounting policies
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the
Charities Act 2011, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Financial
Reporting Standard 102 and in compliance with the Charities SORP 2019 (FRS 102). 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.
Basis offinuncial 5tatementS
The financial statements have been prepared on an accruals basis. The Trustees consider that there are
no material uncertainties so the accounts have been prepared on the going concern basis.
Income and 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 headings that aggregate
all cost related to the category. Support costs are those costs incurred directly in 5UPPOrt of expenditure
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.
Taxation
The charity is exempt from Corporation Tax on its charitable activities.
Tangiblefixed assets und 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, as follows:
Land and buildings
Building improvements
Fixtures, fittings and equipment
IO% straight line
20% straight line (previously, reducing balance)
Cash at bank and in hond
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 funds comprise those funds ringfenced by the Trustees for a particular
purpose in the year ahead.
Restrictedfunds comprise income which has been received forthe objects of the charity and specified
for a restricted purpose within these objecis by the donor.
Page 7

Reign Ministries
Notes to the Financial Statements for the year ended 31 August 2024
l. Accounting policies {continued)
Operating lease income
Rentals under operating leases are credited to the Statement of Financial Activities on a stra ight-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 its employees.
Donated goods. fvcilities 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 financial statements
For the year ended 31 August 2024
2. Donations and legacie5
General Restrirted
funds
funds
Totsl
2024
General
funds
Restrirted
funds
Total
2023
UK donations
Oversea5 donations
Gift aid reclaimed
Grant- Bruderhofcommunity
Fundraising income
5,016
75
13,515
18,531
75
10,366
75
16,856
17,942
27,222
18,017
1,590
3,000
3,893
1,015
1,015
1,590
3,000
2,266
1,075
1,075
1,627
7,181
13,515
20,696
17,297
36,425
53,722
3. Charitable activities
General Restritted
funds
funds
Total
2024
General
funds
Restricted
funds
Total
2023
Degree income
Church partnership income
Training event income
Event income
Consultancy income
30,298
30,298
75,925
375
75,925
375
203
1,130
4,21)0
203
4,468
745
500
4,968
745
1,130
1,200
7,920
7,920
35.831
1.200
37,031
81.513
8,420
89.933
4. Tradlng Income
General Restrlrted
funds
funds
Total
2024
General
funds
Restricted
funds
Total
2023
Resources sales
Venue hire
Flat rental
156
9.500
29.644
960
1.116
9.500
29.644
12
9.316
29,608
3,149
3,161
9,316
29,608
39.300
960
40.260
38,936
3,149
42,085
5. Investments
General Restricted
funds
funds
Total
General
funds
Restricted
funds
Total
2024
2023
Bank interest
3,623
3,623
1,931
1,931
3.623
3.623
1.931
1.931
6. Expendlture on ralsing funds
General Restrlcted
funds
funds
Totsl
2024
General
funds
Restricted
funds
Total
2023
Flat rental costs
Paypal fees
Event Costs
6.449
42
6,449
42
6.249
42
852
833
6.249
42
852
833
Fundraising resources Costs
24
24
6.515
6.515
7,976
7,976
Page 9

Reign Ministries
Notes to the financial statements
For the year ended 31 August 2024
7. Expenditure on charitsble activities
General Restrirted
fund5
funds
Total
2024
General
funds
Restrirted
funds
Total
2023
Dirert charitable expenditure
Degree costs
6.824
6.824
22,365
22,365
Indirert chcritable expenditure
Wages and salaries
Pension costs
Other staff costs
Contractor costs
Cluster leaders
Training materials and printing costs
Venue hire and event costs
Rates and water
Insurance
Heat and light
Repairs and maintenance
Office, telephone and IT costs
Conference expenses
Advertising
Travel and subsistence
Membership fees
Legal and professional fees
Trustee expenses
Transfer to Start to Stir charity
Accounting fees
Pension admin fees
Independent examination fee
Depreciation
Bad debts
Bank charges
Sundry expenses
46,830
1,236
976
17,197
1,908
13,515
60,345
1,236
976
47,280
2,266
307
37,454
1,634
loo
16,113
63,393
2,266
549
242
531
17,728
1,908
406
11,179
48,633
1,634
3,880
828
62
3,780
1,373
2,592
1,060
3,580
2,947
1,872
1,971
326
1,608
1,373
2,592
1,338
3,580
3,077
2,237
1,971
2,759
1,608
828
2,842
815
2,842
815
278
5,195
2,846
2,627
1,434
645
5,195
2,846
3,419
2,613
5,170
3,012
145
130
365
792
1,179
4,525
98
2,433
2,914
145
144
1,128
177
2,910
2,910
177
6,445
6,445
2,288
31x1
2,288
300
2,469
2,469
1,200
1,200
880
880
1,895
102
1,895
102
345
345
169
169
185
185
Total expendlture
99.775
23.903
123.678
135,560
40,818
176,378
Support costs have not been separately identified as the trustees consider there is only one charitable activity.
Depreciation of £40712023: £4071 has been charged in the year through the designated assets fund.
The average number of staff during the year was 612023= 61. No employees were paid more than £60.000.
Key Management Personnel of the Charity are defined as the Managing Director. His remuneration totalled £20,71512023'.
£19,421).
No accrual has been made for holiday pay at the year-end as there were no material amounts due.
Page 10

Reign Ministries
Notes to the financial statements
For the year ended 31 August 2024
8. Tangible fixed a55ets
Fixture5,
Property fittings and
improvements
equipment
Land and
buildings
Total
C05t
At I September 2023
373,875
2,658
2,487
379.020
At 31 August 2024
373,875
2,658
2,487
379.020
Depreciation
At I September 2023
Charge for the year
798
266
2,205
141
3,003
407
At 31 August 2024
1.064
2,346
3.410
Net book value
At 31 August 2024
373,875
1,594
141
375,610
At 31 August 2023
373,875
1,860
282
376,017
The property owned by the charity is the office premises at 43 London Road. Bicester and comprises an office, an open meeting
space and a self-contained flat.
9. Debtors
General Restrlrted
funds
funds
General
funds
Restricted
funds
2024
2023
Trade debtors
Prepayments and accrued income
Other debtors
2.550
5.810
1.015
9.375
2.550
5.810
1.015
9.375
2,CK)2
720
5,560
8,282
2,002
720
5,560
8,282
10. Creditors: falllng due within one year
General Restrirted
funds
funds
General
funds
Restricted
funds
2024
2023
Deferred income
Accruals
Taxation and social security
1.675
1.385
493
1.675
1.385
493
1,000
118
1,000
118
3.553
3.553
1,118
1,118
Page 11

Reign Ministries
Notes to the financial statements
For the year ended 31 August 2024
11. Funds movements
Current year
Balance at
I Sept 2023
Bolance at
Transfer5 31 Aug 2024
Income
Expenditure
Unrestricted funds
Gener31 fund
Designated assets fund
122.685
376.017
85.935
1106.2901
14071
102,330
375.610
Total unrestritted funds
498,702
85,935
1106,6971
477,940
Restricted funds
Resources project fund
C Staff support fund
8.228
2,160
13,515
110,3881
113,5151
Total restrirted funds
8.228
15.675
123.903)
Total charity funds
506.930
101.610
1130.6001
477.940
Prior year
8alance ot
I Sept2022
Balonce ut
Transfers 31 Aug 2023
Income
Expenditure
Unrestrirtedfvnds
General fund
Designated assets fund
126,544
376.424
139,677
(143,536)
{407)
122,685
376,017
502.968
139,677
(143,943)
498, 702
Restrirtedfunds
Resources projectfund
Staff conferencefurjd
C Staff supportfund
D Staff supportfund
660
392
30,857
787
12.899
3,451
(23,289)
fl,179)
112,899)
(3,451)
8,228
1.052
47.994
{40.818J
8,228
Total charityfvnds
504,020
187.671
(184, 761)
506,930
Explanation of funds
Unrestrirtedfvnds..
The Generolfund represents all income and expenditure relating to the primary focus activities of the charity, other than those
for which funding is designated or restricted.
The Designated ossetsfund holds the fixed assets of the Charity separately from the liquid assets.
RestrirtedAunds.'
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 Staff conferencefund represents funding received towards an annual staff retreat and associated costs.
The Staff supportfunds 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 tax and national insurance.
Page 12

Reign Ministries
Notes to the financial statements
For the year ended 31 August 2024
12. Operating leases
At 31 August 2024, the Charity held two operating leases as the lessor-
The office space in Bicester 15 let directly. A 2 year lease agreernent expired on 31 August 2024 and 15 continuing now on a
month to month basis.
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 is not let and the agreement can be terminated with 3 month's notice.
13. Pension commitments
The Charity operates an avto-enrolment pension scheme with Smart Pension Limited for all eligible employees. Employer
contributions to the scheme are disclosed in note 8.
14. Trustee and related party transartions
There wa5 no remuneration paid to Trustees during the year ended 31 August 202412023.. nill. Total expenses of £124 were
paid to one Trustee for travel12023.' nil) and £53 were paid to one Trustee for refreshments at the AGM12023- £391.
Matt Bodinham, the son of trustee Jenny Bodinham. is employed by the Charity and received remuneration of £5,70712023'.
£5,421) in the year.
Unrestricted donations of £28912023- £9411 were received by the Charity from Trustees and related parties. No restricted
donations were made to support staff members by Trustees and related parties12023- £1,291).
15. Volunteers
We have 6 volunteers who support the Charity through spectfic roles and responsibilities in coaching or advisory capacities.
There are up to a further 10 volunteer5 that have assisted at charity events on an ad hoc basis.
Page 13