Charitable Incorporated Organisation Registered Charity Number 1161612
Trustees Report and Accounts
FOR THE YEAR ENDED MARCH 2021 31[ST]
Table of Contents
Trustees Report
Introduction .................................................................................................................................. 2 Charity Information ..................................................................................................................... 2 Structure, Governance and Management .................................................................................. 2 Objectives and Activities ............................................................................................................. 3 Public Benefit Statement ......................................................................................................... 3 Achievements and Performance ................................................................................................. 3 Training & Equipping ............................................................................................................... 3 Regular Weekly Teachings ...................................................................................................... 3 Other Events and Mentions .................................................................................................... 4 Environmental Impact: Coronavirus (COVID-19) ................................................................. 4 Financial Review ........................................................................................................................... 5 Reserves Policy.......................................................................................................................... 5 Risk Management ..................................................................................................................... 5 Financial Outgoings Overview ................................................................................................ 6 Plan for Future Periods ................................................................................................................ 6 Trustee Responsibilities ............................................................................................................... 7
Accounts
Financial Statement - Notes to the Accounts ............................................................................ 8 Reporting Standards ................................................................................................................. 8 Funds ......................................................................................................................................... 8 Future Commitments ............................................................................................................... 8 Public Benefit ............................................................................................................................ 8 Receipts and Payments ................................................................................................................ 9 Assets and Liabilities .................................................................................................................. 10
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Introduction
The trustees are pleased to present their report for the year ended 31[st] March 2021 for the charity, One New Man with charity number 1161612.
The Trustees of the charity for this period: Gary Challoner Neelam Challoner Priya Kalyan
Charity Information
Registered Charity Name: ONM The Way One New Man (also known as, referred as)
Registered Charity Number: 1161612 Principle Office Address: Two Acre Cottage, Framewood Road, Wexham, South Bucks SL2 4QS Bankers: Charities Aid Foundation (CAF) Bank 25 Kings Hill Avenue, West Malling ME19 4TA Insurance Policy Number: CHF 6126568 Insurers: Ansvar Insurance Ansvar House, St Leonards Road, East Sussex BN21 3UR
Structure, Governance and Management
The charity governing document is constituted as a Charitable Incorporated Organisation (CIO) – Foundation, registered 11[th] May 2015. The charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position. For the recruitment and appointment of new trustees, guidelines are followed according to the recommendations of the charity commission.
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Objectives and Activities
The purpose of the charity (objects) are to advance the Christian religion by;
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Promoting the knowledge of God and Yeshua (Jesus) the messiah as set forth in the Bible (both old and new covenants)
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Providing a place of fellowship for the worship, teaching and preaching of biblical knowledge and celebrating biblical festivals
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Supporting the religious and charitable work of Bible believing fellowships, organisations and individuals in the United Kingdom and overseas
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Promoting the knowledge among Christians of the teaching of the Bible concerning Israel's place in the purposes of God
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To pursue such other charitable purposes as the trustees shall from time to time think fit
PUBLIC BENEFIT STATEMENT
The trustees confirm that they have had due regard to the guidance issued by the commission on public benefit before deciding what activities the charity should undertake.
Achievements and Performance
Summary of the charity achievements for this period as related to its Objects.
TRAINING & EQUIPPING
No requirements for training this period, however ‘equipping’ continued in hand with internal mentoring activities, specifically for leadership.
Designed and piloted new bible study series to convey the scriptural basis and understanding of One New Man as well as what replacement theology is.
REGULAR WEEKLY TEACHINGS
This consisted of worship, teachings and fellowship, with an average of 15 people in attendance (adults and children).
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Spiritual growth in faith and knowledge of the Bible
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Leadership continue to provide support in faith and everyday life through ministry visits, smaller group and 1 to 1’s - either face to face, via telephone, email or messaging as appropriate in accordance with changing environmental restrictions
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OTHER EVENTS AND MENTIONS
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Continued donations to humanitarian needs including The Homeless; The elderly and children in Israel, various other ministries and charities. Based on our approach of sowing into Local, National and International organisations
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Continued celebration and teachings around the biblical calendar and feasts
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A number of key activities were held including, leadership ordination and bar mitzvahs
ENVIRONMENTAL IMPACT: CORONAVIRUS (COVID-19)
Conditions that arose within the previous financial reporting year, continue to be reviewed and maintained by the trustees/leadership team to mitigate the impact of COVID-19 and safeguards for operational activities.
At One New Man, we have Covid-19 risk assessment processes in place for all areas of our charity activities. Examining each part of the charity and fellowship in light of the Government's continually updated and changing guidance on managing the risk of coronavirus.
Although our activities are localised within England, we’re also taking in to account arrangements as required for each region/borough as they move across Tier or Lockdown restrictions.
Through the risk assessment process:
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We’re taking all reasonable steps to help and support people by holding fellowship meetings online where physical meetings are not possible
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We’ve enhanced our cleaning regimes
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We encourage handwashing and hygiene procedures in line with Government guidance, supply essential products and promote this via communications
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We’re taking all reasonable steps to maintain a two-metre distance at meetings
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Where people cannot be two-metres apart, we’ve done everything we can to manage the risk of transmission (provision of masks, sanitisation lotion)
We will continue to monitor and reassess the risks associated with our operations and will make changes and improvements where we can.
The health, safety, and wellbeing of all associated with our charity and fellowship is at the forefront of our decision making.
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Financial Review
The income of the charity is below £10,000; derived from donations and offerings from regular attendees and visitors. Year on year costs were effectively managed over this period and are in line with the final surplus and reserves policy.
Although costs have increased to cater for the changes in our current climate, they still remain well below our own targets in terms of ensuring the majority of funds are allocated to charitable giving and support activities.
Charitable giving demonstrated a strong increase year on year with the exception of higher than usual previous year, where we were able to utilise additional donations and benefit from lower costs over the period.
No fund is in deficit and it is the agreement that any operations are run in such a way that a deficit should not occur.
At this time and immediate future, we do not foresee any significant impact on financial operations as a result of Coronavirus. Mainly due to the nature of our operations and ability to mitigate physical activities. Any potential impact is likely to be seen via a reduction in donations, where regular contributors might encounter financial difficulties, loss/reduction of income.
RESERVES POLICY
It is the agreement of the charity trustees to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditure that may arise from time to time. The charity will seek to maintain this level throughout the year. This agreement will be formalised in to policy as the work of the charity progresses and financial practices require.
As reviewed, this already accounts for situations such as COVID-19.
RISK MANAGEMENT
The charity has assessed all the major risks to which the charity is exposed, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
As outlined in previous section, this includes management of activities and considerations for UK Government and HSE guidelines as related to COVID-19.
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FINANCIAL OUTGOINGS OVERVIEW
As detailed in the accounts for receipts and payments, the outgoings have been grouped by activity in order to provide a high-level view of expenditure for the charity.
----- Start of picture text -----
Outgoings by Activity Group
Operating Costs
6%
12% 23%
Resources
0%
Charitable Giving
Regular Fellowship Meetings
59%
Training & Equipping
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Plan for Future Periods
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Continue Biblical teachings that equip a person in their faith and everyday life and to ensure teaching with Hebraic roots and understanding
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Continue donating significant portion of charitable income to other humanitarian/charitable needs
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Create wider online media presence for spreading the core biblical message
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Further increase frequency of fellowship meetings and study groups
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Trustee Responsibilities
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the charity. They are required to:
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Select suitable accounting policies and apply them consistently
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Make judgements and estimates that are reasonable and prudent
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State whether the applicable accounting standards have been followed
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Prepare financial statements on an ongoing basis
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the charity at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the charity and to take reasonable steps to detect fraud or other irregularities.
Approved by the trustees on 30[th] January 2021 and signed on their behalf
Signature(s) Full Name(s) Mr G.Challoner Position Chair
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Financial Statement - Notes to the Accounts
REPORTING STANDARDS
The accounts and financial statements have been prepared in accordance with the Charity Commission reporting and accounting guidelines on the receipts and payments basis with all revenue and expenses shown on a cash basis. Non-monetary assets are shown as estimates of the value at end of the financial reporting year.
FUNDS
The charity has a general unrestricted fund that receives voluntary donations from events and fellowship meetings.
FUTURE COMMITMENTS
The charity and trustees have no liabilities or material future commitments as at 31st March 2021.
Banking facilities have been arranged to ensure the charity account cannot operate in deficit, with no provision for overdraft or loan services.
PUBLIC BENEFIT
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit. Details of how this is achieved are provided in the Trustees Report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
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Receipts and Payments
One New Man - The Way Receipts & Payments
1 April 2020 through 31 March 2021
| Receipts Cash Donations Gifts and Donations Income Gift Aid donations (n/a) Non-Gift Aid Donations/Credit Total Gifts and Donations Income Total Receipts (Income) Payments Banking Books and Resources Consumable Supplies Gifts and Blessings Insurance Refreshments - Shabbat Resources Speakers Donation Training & Equipping Venue Expense Total Payments (Expense) Net Receipts/(Payments) Surplus/(Deficit)for the Year Reconciliation 31 March 2021 Cash at bank & in-hand 31 March 2020 Surplus/(Deficit)for the Year Cash at bank & in-hand 31 March 2021 |
Total 2021 £ |
Total 2020 £ |
|||
|---|---|---|---|---|---|
| Grp-Ref | 0 4602 |
0 4602 4602 69 251 - 2524 232 536 707 - - - 4318 284 284 - 284 1336 |
0 2303 |
767 2303 |
|
| 3070 | |||||
| 60 45 114 3215 235 106 236 - 100 95 |
|||||
| OpCo TrnEquip Res ChGiv OpCo ReFell OpCo ChAct TrnEquip OpCo |
|||||
| 4207 | |||||
| -1137 | |||||
| -1137 | |||||
| 1052 - - |
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Assets and Liabilities
One New Man - The Way Statement of Assets and Liabilities
at 31 March 2021
| Monetary Assets Cash Funds Bank Cash Total Cash Funds Assets retained for the charity's own use Non-Monetary Assets and Liabilities Upholstered Folding Chairs x20 Folding Table(s) Resource Materials Liabilities - |
Unrestricted Funds 2021 £ 1186 150 1336 40 - 40 80 0 |
2020 £ 902 150 |
|---|---|---|
| 1052 | ||
| 60 - 60 |
||
| 120 | ||
| 0 |
These accounts were approved by the trustees on 30[th] January 2021 and signed on their behalf
Signature(s) Full Name(s) Mr G.Challoner Position Chair
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