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2024-06-30-accounts

Charity Registration No. 1163349

WALK THROUGH THE BIBLE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

92 Station Road Clacton on Sea Essex CO15 1SG

WALK THROUGH THE BIBLE

CONTENTS

Page
Company informaton 1
Trustees report 2 - 3
Independent examiner's report 4
Statement of fnancial actvites 5
Balance sheet 6
Notes to the fnancial statements 7 - 13

WALK THROUGH THE BIBLE

COMPANY INFORMATION

Trustees Mr P Ewart Mr G Gresham-Cooke Mr M F Hodgson Mr C Keeys Mrs M Keeys Mr J Lower Rev M Massey Miss R Williams Charity number 1163349 Independent examiner TC Group 92 Station Road Clacton on Sea Essex CO15 1SG

WALK THROUGH THE BIBLE

TRUSTEES REPORT

FOR THE YEAR ENDED 30 JUNE 2024

The Trustees present their annual report and financial statements for the year ended 30 June 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, 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)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The objects of the CIO are:

The advancement of religion as an educational ministry which assists:

  1. Local churches in the ministry of education and edification about the Bible:

  2. Local schools in the fulfilment of their locally agreed syllabus on Religious Education;

  3. Adult training establishments in their understanding of the Bible.

The policies adopted in furtherance of these objects are to provide Christian education to the community as deemed appropriate by the Trustees, and there has been no change in these during the year.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Now that COVID-19 restrictions have ended, we are seeing increasing numbers of schools requesting presenters to teach Live Events for their children. The videos recorded for lock-down periods are now being used predominantly in areas where our team is limited. Churches were proving to be slower in their return to booking Live Events, but there appears to be an increase as we move further from the uncertainty of lockdowns. We are encouraged to see some growth, but are acutely aware that bookings for next year are not yet close to pre COVID-19 levels.

Financial review

The Trustees consider that the financial performance of the charity during the year is in line with their revised expectations taking into account the COVID-19 restrictions.

As we have done for many years it continues to be the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to twelve months expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. God continues to be good. Faithful support from donors has left us in a position where we hold a satisfactory reserve. Projects in the following year will see some expansion of our teaching programmes, while our reserves may reduce.

The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

The Trustees' intention is to continue with the current funding activities of the charity in line with it's objects.

WALK THROUGH THE BIBLE

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

Structure, governance and management

The Trustees who served during the year and up to the date of signature of the financial statements were: Mr P Ewart

Mr G Gresham-Cooke Mr M F Hodgson Mr C Keeys Mrs M Keeys Mr J Lower Rev M Massey Miss R Williams

New Trustees are recruited through nomination by existing Trustees from our growing group of supporters who share our ministry vision. None of the Trustees has any beneficial interest in the charity.

Induction and training is undertaken informally through the sharing of documents and minutes, and outlining the aims, activities, and processes of the charity.

The charity is controlled by a board of Trustees consisting of representatives from supporters of our ministry vision. The day to day running of the charity is carried out by it's employees, directed by Paul Keeys.

The Trustees report was approved by the Board of Trustees.

Mr C Keeys Chair of Trustees Dated: 18 November 2024

WALK THROUGH THE BIBLE

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF WALK THROUGH THE BIBLE

I report to the Trustees on my examination of the financial statements of Walk Through The Bible (the charity) for the year ended 30 June 2024.

Responsibilities and basis of report

As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

TC Group

92 Station Road Clacton on Sea Essex CO15 1SG

Dated: 18 November 2024

WALK THROUGH THE BIBLE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donatons and legacies
3
166,280
-
Charitable actvites
4
42,183
-
Investments
5
3,616
-
Total income
212,079
-
Expenditure on:
Charitable actvites
6
216,132
-
Total expenditure
216,132
-
Net expenditure
(4,053)
-
Transfers between
funds
(277,445)
277,445
Net movement in
funds
(281,498)
277,445
Reconciliaton of funds:
Fund balances at 1 July 2023
523,792
(277,445)
Fund balances at 30 June 2024
242,294
-		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
166,280
182,345
7,888
42,183
41,167
-
3,616
1,256
-
212,079
224,768
7,888
216,132
284,033
-
216,132
284,033
-
(4,053)
(59,265)
7,888
-
-
-
(4,053)
(59,265)
7,888
246,347
583,057
(285,333)
242,294
523,792
(277,445)		 Total
2023
£
190,233
41,167
1,256
232,656
284,033
284,033
(51,377)
-
(51,377)
297,724
246,347

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

WALK THROUGH THE BIBLE

BALANCE SHEET

AS AT 30 JUNE 2024

Notes
Fixed assets
Tangible assets
10
Current assets
Stocks
11
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within one
year
13
Net current assets
Total assets less current liabilites
The funds of the charity
Restricted income funds
15
Unrestricted funds
16		 2024
£
31,714
16,276
194,270
242,260
(4,299)		 £
4,333
237,961
242,294
-
242,294
242,294		 2023
£
£
2,101
20,274
14,648
213,824
248,746
(4,500)
244,246
246,347
(277,445)
523,792
246,347

The financial statements were approved by the Trustees on 18 November 2024

Mr C Keeys Trustee

WALK THROUGH THE BIBLE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

1 Accounting policies

Charity information

Walk Through The Bible is a public benefit entity and a registered charity in England and Wales, and is unincorporated. The address of the principle office is Oak Business Park, Beaumont, Essex, CO16 0AT.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity'charity's governing document, 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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

WALK THROUGH THE BIBLE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

1 Accounting policies

(Continued)

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of timespent, and depreciation charges are allocated on the portion of the asset’s use.

1.5 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 25% reducing balance Computers 50% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.6 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, other costs incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

1.8 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

WALK THROUGH THE BIBLE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Donatons and gifs
Donated goods and services
Other
4
Income from charitable actvites
Events and miscellaneous income
5
Income from investments
Interest receivable		 Total
2024
£
163,755
2,525
-
166,280
Total
2024
£
42,183
Total
2024
£
3,616		 Total
2023
£
154,700
1,533
34,000
190,233
Total
2023
£
41,167
Total
2023
£
1,256

WALK THROUGH THE BIBLE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

6 Charitable activities

Staf costs
Depreciaton
Purchases
Instructor fees and expenses
Moses and Easter resource costs
Rent rates and water
Light and heat
Repairs and maintenance
Insurance
Motor and travelling expenses
Legal and professional fees
Telephone
Other ofce costs
Advertsing and promotons
Bank and credit card charges
Foreign exchange loss/(gain)
Sundry expenses		 2024
£
127,050
1,546
19,072
3,830
6,910
6,698
3,091
655
1,421
15,436
2,833
2,072
12,053
5,885
875
286
6,419
216,132		 2023
£
124,905
1,050
29,300
2,724
51,865
6,755
2,782
875
1,314
20,384
10,175
2,135
18,767
4,851
1,069
160
4,922
284,033

7 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

8 Employees

The average monthly number of employees during the year was:
Employment costs
Wages and salaries
Social security costs
Other pension costs		 5
2024
£
117,851
4,900
4,299
127,050		 5
2023
£
115,695
4,983
4,227
124,905

WALK THROUGH THE BIBLE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

9 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

10 Tangible fixed assets

Fixtures and
ftngs
£
Cost
At 1 July 2023
43,937
Additons
-
Disposals
-
At 30 June 2024
43,937
Depreciaton and impairment
At 1 July 2023
43,041
Depreciaton charged in the year
225
Eliminated in respect of disposals
-
At 30 June 2024
43,266
Carrying amount
At 30 June 2024
671
At 30 June 2023
896
11
Stocks
Goods for resale
12
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income		 Computers
£
8,609
3,777
(3,809)
8,577
7,403
1,321
(3,809)
4,915
3,662
1,205
2024
£
31,714
2024
£
886
2,572
12,818
16,276		 Total
£
52,546
3,777
(3,809)
52,514
50,444
1,546
(3,809)
48,181
4,333
2,101
2023
£
20,274
2023
£
955
2,439
11,254
14,648

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

13 Creditors: amounts falling due within one year

Other taxaton and social security
Other creditors
Accruals and deferred income
14
Retrement beneft schemes
Defned contributon schemes
Charge to proft or loss in respect of defned contributon schemes		 2024
£
1,367
532
2,400
4,299
2024
£
4,299		 2023
£
1,594
506
2,400
4,500
2023
£
4,227

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

15 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 July 2023 Incoming Transfers At 30 June
resources 2024
£ £ £ £
(277,445) - 277,445 -
Previous year: At 1 July 2022 Incoming Transfers At 30 June
resources 2023
£ £ £ £
(285,333) 7,888 - (277,445)

WALK THROUGH THE BIBLE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

16 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 July 2023 Incoming Resources Transfers At 30 June
resources expended 2024
£ £ £ £ £
General funds 523,792 212,079 (216,132) (277,445) 242,294
Previous year: At 1 July 2022 Incoming Resources Transfers At 30 June
resources expended 2023
£ £ £ £ £
General funds 583,057 224,768 (284,033) - 523,792

17 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).