REAPER MINISTRIES INTERNATIONAL
REPORT AND FINANCIAL STATEMENTS
YEAR ENDING 31 JULY 2022
Charity number 1161632
REAPER MINISTRIES INTERNATIONAL
Contents
| Page | |
|---|---|
| Trustee’s report | 1-3 |
| Independent examiner’s report | 4 |
| Statement of Financial Activities | 5 |
| Statement of Assets and Liabilities | 6 |
| Notes to Financial Statements | 7 |
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REAPER MINISTRIES INTERNATIONAL
TRUSTEES REPORT
YEAR ENDED 31 JULY 2022
The trustees present their report for the year ending 31 July 2022.
The financial statements comply with the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
Constitution and objects
The charity is a Charitable Incorporated Organisation created by a deed dated 23[rd] November 2014 (and amended on 13[th] March 2015).
The objects of the CIO are: -
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1.To advance the education of the public in 3[rd] world countries (in particular but not exclusively in Malawi) as the trustees see fit, including by
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a) Providing and assisting in the provision of a free primary school for orphaned children and children from the poorest families
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b) The provision of a free breakfast for the children in the school, to enable effective learning.
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c) The provision of free teaching for illiterate and innumerate parents and carers of the children in the school
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d) The awarding of grants to enable the children in the school to progress to secondary schools.
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2.To advance the Christian religion (as outlined in the Evangelical Alliance Statement of Faith), mainly but not exclusively in third world countries, for the benefit of the public, including through the holding of free conferences, seminars, and public meetings.
Governance
It is governed by a Board of Trustees. The charity’s income is made up of donations made by individuals and other bodies.
The trustees meet formally twice a year and decide matters of policy in the use of the resources of the trust. However, the trustees are in consultation on a regular basis throughout the year on the day-to-day work.
REAPER MINISTRIES INTERNATIONAL
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TRUSTEES REPORT
YEAR ENDED 31 JULY 2022
Trustees
The trustees who served during the period were as follows
Ron Bignell Michael Bushby Richard Trotter June Trotter Mike McGarry (Appointed 02/08/21, Resigned 25/01/23) Martha McGarry (Appointed 02/08/21) Joe McFadden (Appointed 24/09/21) Mal McFadden (Appointed 24/09/21)
Activities
All of the current activities are in the Third World – currently in Malawi . This work is carried out through a Malawian based company (Reaper Ministries International Ltd) – a company limited by guarantee. Some of the trustees of RMI are also Directors of RMI Ltd (along with one Malawian national).
The majority of the work is the operation and development of a primary school in Malawi - Good Hope Free Primary School in Lilongwe, the capital of Malawi. In July 2022 it had approximately 500 pupils. A child sponsorship scheme to assist leavers from Good Hope School started in late 2017.
The other activity in Lilongwe is the initiative Hope for the Hopeless which assists in combatting domestic violence and those affected.
A team from the UK aims to visit Malawi annually - partly to carry out teaching and preaching in collaboration with various local churches in Lilongwe and area and partly to liaise with those in Malawi on the running and development of the school and the Hope for the Hopeless initiative.
The expenditure of RMI Ltd in the same period 2021-22 was the equivalent of approx. £33,000 and included purchase of a plot of land and three buildings thereon, for the purpose of building a community centre incorporating a church venue.
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REAPER MINISTRIES INTERNATIONAL
TRUSTEES REPORT
YEAR ENDED 31 JULY 2022
Reserves
The charity held in the bank £11,807 at the year end. The organisation has no established policy on maximum or minimum bank balances. Gift Aid claims to the value of £4,450 were in progress as at 31 July 22.
The majority of funds received are utilized for the Good Hope School and HFHI. There are designated funds of £4,500 in the closing reserves for the building of a community centre incorporating a church venue. As far as is feasible funds are kept in higher interest accounts.
Reserves policy and going concern
Reserves should be built up to bridge the gap between the spending and receiving of income and to cover unplanned repairs and other expenditure.
The trustees consider the charity is currently in a stable financial position.
Approved by the trustees on 12[th] May 2023 and signed on their behalf by
Mike McGarry
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REAPER MINISTRIES INTERNATIONAL
Report of the Independent Examiner to the trustees of Reaper Ministries International
I report on the financial statements of Reaper Ministries International for the year ended 31 July 2022 which are set out on pages 5 to 7.
Respective responsibility of trustees and examiner
The charity’s trustees are responsible for the preparation of the financial statements. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011(the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to
Examine the accounts under section 145 of the 2011 Act.
To follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act) and
To state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view, and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements
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. to keep accounting records in accordance with section 130 of the Charities Act; and
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. to prepare financial statements which accord with the accounting records and to comply with the accounting requirements of the Charities Act,
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have not been met; or
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(2) to which, in my opinion, attention should be drawn to enable a proper understanding of the financial statements to be reached.
M J Hall FCA Melkinmere Hackthorpe Penrith Cumbria CA10 2HX
12[th] May 2023
REAPER MINISTRIES INTERNATIONAL
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STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 JULY 2022
| Notes INCOME Giving - School 2 Giving – Mission and general 3 Giving - Hope for the Hopeless 4 Giving – UK Team Visit (£1,838 Gift Aid thereon received in following year) Other Interest TOTAL INCOME EXPENDITURE Transfers to Malawi UK Team Visit & Mission expenses Other payments TOTAL EXPENDITURE NET MOVEMENT IN FUNDS Funds bought forward Funds carried forward |
2022 2021 £ £ 15,643 27,588 4,226 15,911 2,890 4,405 7,352 - - 89 6 1 |
|---|---|
| 30,117 47,994 |
|
| 25,000 38,209 10,095 - 197 151 |
|
| 35,292 38,360 |
|
| -5,175 9,634 16,982 7,348 |
|
| 11,807 16,982 |
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REAPER MINISTRIES INTERNATIONAL
| STATEMENT OF ASSETS AND LIABILITIES AS AT 31 JULY 2022 | STATEMENT OF ASSETS AND LIABILITIES AS AT 31 JULY 2022 | |
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Current assets | ||
| Cash at bank | 11,807 | 16,982 |
| Amounts due from Gift Aid Claims | 4,450 | - |
| Liabilities | ||
| Accountancy fee | 180 | 180 |
REAPER MINISTRIES INTERNATIONAL
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NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2022
1 Accounting Policies
Basis of preparation
The financial statements have been prepared on a receipts and payments basis.
2 Giving - school
| Giving Secondary school sponsorship School food programme Gift aid tax 3 Giving – mission and general Designated re land purchase General Gift aid tax re general Football Club/Mission Gift aid tax re Mission 4 Hope for the Hopeless Giving Gift aid tax |
2022 £ 14,238 905 500 - 15,643 2022 £ - 3,726 - 500 4,226 2022 £ 2,890 - 2,890 |
2021 £ 22,024 1,779 - 3,785 27,588 2021 £ 15,000 754 5 120 32 15,911 2021 £ 3,780 625 4,405 |
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