Charitable Incorporated Organisation Registered Charity Number 1161612
Trustees Report and Accounts
FOR THE YEAR ENDED MARCH 2022 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 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 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;
- Promoting the knowledge of God and Yeshua (Jesus) the Messiah as set forth in the Bible (both Old and New Testament)
- Providing a place of fellowship for worship, study and teaching of biblical knowledge and celebrating biblical festivals
- Supporting the religious and charitable work of Bible believing fellowships, organisations and individuals in the United Kingdom and overseas
- Promoting the knowledge among Christians of the teaching of the Bible concerning Israel's place in the purposes of God
- 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 official requirements for training this period.
Designed and piloted new bible study series to convey the scriptural basis and understanding of One New Man.
## REGULAR TEACHINGS
This consisted of worship, teachings and fellowship, with an average of 18 people in attendance (adults and children).
- Spiritual growth in faith and knowledge of the Bible
- 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, online, or messaging
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## OTHER EVENTS AND MENTIONS
- Donations to humanitarian needs including various other ministries and charities. Based on our approach of sowing into Local, National and International organisations
- Celebration/Observation and teachings of the biblical calendar and feasts
- A number of key activities were held including, dedications and bar mitzvah
## 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 and when government advised/directed.
Through the risk assessment process and (future) application when required:
- We will take all reasonable steps to help and support people by holding fellowship meetings online where physical meetings are not possible
- We will apply enhanced cleaning regimes
- We will encourage handwashing and hygiene procedures in line with Government guidance, supply essential products and promote this via communications
- We will take all reasonable steps to maintain recommended distances between people at meetings
- Where people are unable to observe this, we ensure we have 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 recent 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.
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. However, impact has been seen via a reduction in donations, where regular contributors might encounter financial difficulties, loss/reduction of income and general cost of living increases.
## 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 previously 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.
## Plan for Future Periods
- Continue Biblical teachings for discipleship
- New location with additional space as required
- Continue donating significant portion of charitable income to other humanitarian/charitable needs
- Create an online media presence for spreading the core biblical message
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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:
1. Select suitable accounting policies and apply them consistently
2. Make judgements and estimates that are reasonable and prudent
3. State whether the applicable accounting standards have been followed
4. 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 31[st] January 2023 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 2022.
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 Receipts & Payments**
**1 April 2021 through 31 March 2022**
|**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
Gifts and Blessings
Insurance
Refreshments - Shabbat
Resources
Speakers Donation
Training & Equipping
**Total Payments (Expense)**
Net Receipts/(Payments)
**Surplus/(Deficit)**for the Year
**Reconciliation 31 March 2022**
Cash at bank & in-hand 31 March 2021
Surplus/(Deficit)for the Year
Cash at bank & in-hand 31 March 2022|||**Total**
**2022**
**£**||**Total**
**2021**
**£**|
|---|---|---|---|---|---|
||_Grp-Ref_|0
2704|0
2704
**2704**
96
-
1002
239
697
496
-
-
**2530**
174
**174**
-
174
1510|0
4602|0
4602|
|||||||
||||||**4602**|
||||||69
251
2524
232
536
707
-
-|
||_OpCo_
_TrnEquip_
_ChGiv_
_OpCo_
_ReFell_
_OpCo_
_ChAct_
_TrnEquip_|||||
||||||**4318**|
|||||||
||||||284|
||||||**284**|
||||||1336
-
-|
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## Assets and Liabilities
## **One New Man Statement of Assets and Liabilities**
## **at 31 March 2022**
|**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**
**2022**
**£**
1360
150
**1510**
20
-
20
**40**
**0**|**2021**
**£**
1186
150|
|---|---|---|
|||**1336**|
|||40
-
40|
|||**80**|
||||
|||**0**|
These accounts were approved by the trustees on 31[st] January 2023 and signed on their behalf.
Signature(s) Full Name(s) Mr G. Challoner Position Chair
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