2023-03-31-accounts - Onm The Way

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Charitable Incorporated Organisation Registered Charity Number 1161612

Trustees Report and Accounts

FOR THE YEAR ENDED 31[ST] MARCH 2023

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 .................................................................................................... 3 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

PAGE 1

Introduction

The trustees are pleased to present their report for the year ended 31[st] March 2023 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: The Hide, Hammersley Lane, Penn Buckinghamshire HP10 8HF 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.

PAGE 2

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.

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

OTHER EVENTS AND MENTIONS

Celebration/Observation and teachings of the biblical calendar and feasts
Donations to humanitarian needs including various other ministries and charities. Based on our approach of sowing into Local, National and International organisations

PAGE 3

ENVIRONMENTAL IMPACT: CORONAVIRUS (COVID-19)

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 accordance with Government guidelines on managing the risk of coronavirus.

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.

PAGE 4

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.

Costs for period remain within targets in terms of ensuring the majority of funds are allocated to support activities and charitable giving.

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 continues 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.

PAGE 5

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

Continued focus on core objective for Biblical teachings
Maintain ability to operate with minimal overheads during times of reduced donations
Reassess core offering and future focus of both charity and fellowship activities

PAGE 6

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:

Select suitable accounting policies and apply them consistently
Make judgements and estimates that are reasonable and prudent
State whether the applicable accounting standards have been followed
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 18[th] September 2024 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 2023.

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.

PAGE 8

Receipts and Payments

One New Man Receipts & Payments

1 April 2022 through 31 March 2023

		Total 2023 £		Total 2022 £
Grp-Ref	0 1528	0 1528 1528 72 - 152 243 1141 929 - - 2538 -1010 -1010 - -1010 500	0 2704	0 2704

				2704
				96 - 1002 239 697 496 - -
OpCo TrnEquip ChGiv OpCo ReFell Res ChAct TrnEquip
				2530

				174
				174
				1510 - -

PAGE 9

Assets and Liabilities

One New Man Statement of Assets and Liabilities

at 31 March 2023

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) Gazebo Resource Materials	Unrestricted Funds 2023 £ 350 150 500 - - 400 20 420	2022 £ 1360 150
		1510
		20 - - 20
		40

Liabilities

0 0

These accounts were approved by the trustees on 18[th] September 2024 and signed on their behalf.

Signature(s)

Full Name(s) Mr G. Challoner Position Chair

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