Forum of Christian Leaders UK CIO
Report and Accounts Year ended 30 September 2021
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
FORUM OF CHRISTIAN LEADERS UK CIO
YEAR ENDED 30 SEPTEMBER 2021
LEGAL AND ADMINISTRATIVE DETAILS
ADDRESS FOR CORRESPONDENCE Tyndale Lodge Grange Road Cambridge, CB3 9AS GOVERNING DOCUMENT CIO Foundation registered 2 September 2015
CHARITY REGISTRATION NUMBER 1163385 TRUSTEES RESPONSIBLE FOR Mr A Fellows MANAGING THE CHARITY Dr P Mead Dr G Pritchard (Chairman) Mrs N Leach Dr P Williams Mr A Myrick REPORTING ACCOUNTANTS Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
INDEX
Page 1 Legal & Administrative Details Pages 2-3 Trustees' Report Page 4 Accountant's Report Page 5 Receipts and Payments Account Page 6 Statement of Assets & Liabilities Page 7 Notes to the Accounts
Page 1
FORUM OF CHRISTIAN LEADERS UK CIO
REPORT OF THE TRUSTEES
YEAR ENDED 30 SEPTEMBER 2021
The Trustees have pleasure in submitting the Report and Accounts for the year ended 30 September 2021.
Objects of the charity
The object of the charity is to advance the Christian faith by providing leadership training and development for those involved in Christian ministries.
Organisational structure and partner charities
New trustees are recruited and appointed by the existing trustees, by a majority vote.
The policy and operating decisions of the charity rest with the Trustees who meet regularly to monitor the activities of the CIO.
Forum of Christian Leaders UK CIO partners with Forum of Christian Leaders, a 501(c)3 non-profit organisation based in the United States, in order to pursue their mutual object to advance the Christian faith by providing leadership training and development for those involved in Christian ministries.
The charity also partners with the European Leadership Forum, a coalition movement of hundreds of Christian organisations working together in network across Europe.
Summary of the charity's main activities and achievements
The charity advances the Christian faith by providing grants to support the activities of their partner organisation, the Forum of Christian Leaders, in order to pursue their mutual object to advance the Christian faith by providing leadership training and development for those involved in Christian ministries.
The grants made by the charity helped to provide training through the activities organised by the US based charity Forum of Christian Leaders:
1. Cambridge Scholars Network
The Cambridge Scholars Network mentored the young Christian academics in an online retreat during July of 2021 toward spiritual maturity and academic excellence.
2. Cambridge Leaders Network
The Cambridge Leaders Network online provided emerging leaders with mentoring in management and leadership from some experienced Christian leaders.
In planning the charity's activities the Trustees apply the guidance on public benefit issued by the Charity Commission.
Grant-making policy
The trustees carries out sufficient due diligence to ensure that all grants are expended in accordance with the charitable purposes of the charity (as set out in its governing document) and, where grants were made from restricted funds, in accordance with any donor imposed restrictions.
In July 2019 the Trustees adopted a grant-making policy. In constructing this policy, the trustees have considered guidance published by the Charity Commission.
Financial review
During the year the charity received donations totalling £20,891 (2020: £19,499), paid grants totalling £14,000 (2020: £nil) and incurred other expenses totalling £1,634 (2020: £3,601). As a result cash increased by £5,257 to £23,502, of which £20,670 is restricted.
Reserves policy
The trustees note that most of the charity's expenditure is discretionary and have determined that the charity should aim to hold unrestricted cash of no less than £1,000 so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £2,833 and the charity is complying with its reserves policy.
Page 2
FORUM OF CHRISTIAN LEADERS UK CIO
REPORT OF THE TRUSTEES
YEAR ENDED 30 SEPTEMBER 2021
Risk management policy
The trustees abide by a risk management policy adopted during the financial year ending in 2018. The trustees acknowledge that the responsibility for the management and control of the charity rests with them and that an integral part of this management and control is the development of a risk management policy.
Our policy is to identify and manage the possible and probably risks that the charity may face in the short and medium term as an integral part of governance. The trustees overriding responsibility is to develop, oversee and put into place systems, procedures and controls that enable the charity to be successful in achieving the purposes for which it was established and to be honouring to God.
In constructing this policy, the trustees paid due consideration to the Charity Commission guidance “How to manage risks in your charity”.
Responsibilities of trustees
Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
Approval
This report was approved by the trustees and signed on their behalf by:
G Pritchard
………………………………………………………..
G Pritchard
Date: 1 July 2022
Page 3
Accountant’s Report to the Trustees of Forum of Christian Leader UK CIO ("the Charity") on the Charity's unaudited accounts for the year ended 30 September 2021
In order to assist you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the accounts of the Charity for the year ended 30 September 2021, as set out on pages 5 to 7, from the accounting records and from information and explanations you have given us.
This report is made solely to the Trustees of the charity, as a body, in accordance with the terms of our engagement letter . Our work has been undertaken solely to prepare for your approval the accounts of the charity and state those matters that we have agreed to state to the Trustees of the charity. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its Trustees as a body for our work or for this report.
It is your duty to ensure that the charity has kept adequate records and to prepare statutory accounts that meet the requirements of the Charities Act 2011 for the charity. You consider that the charity is exempt from the statutory audit requirement for the year and is eligible to prepare ‘Receipts and Payments’ accounts.
We have not been instructed to carry out an audit or review of the accounts of the charity. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Stewardship
Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
Date: 6 July 2022
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FORUM OF CHRISTIAN LEADERS UK CIO
RECEIPTS AND PAYMENTS ACCOUNT
YEAR ENDED 30 SEPTEMBER 2021
| Notes Income receipts Donations, legacies and grants Total receipts Payments 2 3 Total payments Transfers between funds Net movement in funds Cash funds as at last year end Cash funds at this year end A Net of receipts / (payments) before transfers Grants paid to Forum of Christian Leaders Administrative expenses Return of grants received in error |
Unrestricted Funds £ 3,088 3,088 - - 1,634 1,634 1,454 364 1,818 1,015 2,833 |
Restricted Funds £ 17,803 17,803 14,000 - - 14,000 3,803 (364) 3,439 17,231 20,670 |
2021 £ 20,891 20,891 14,000 - 1,634 15,634 5,257 - 5,257 18,246 23,502 |
2020 £ |
|---|---|---|---|---|
| 19,499 | ||||
| 19,499 | ||||
| - 3,295 306 |
||||
| 3,601 | ||||
| 15,898 - |
||||
| 15,898 2,348 |
||||
| 18,246 |
The notes on page 7 form part of these accounts.
Page 5
FORUM OF CHRISTIAN LEADERS UK CIO
STATEMENT OF ASSETS AND LIABILITIES
YEAR ENDED 30 SEPTEMBER 2021
| h funds Cash at bank with immediate access er monetary assets Other debtors bilities Forum of Christian Leaders USA Fees for preparation of accounts: 2019 accounts 2020 accounts 2021 accounts |
Unrestricted funds £ 2,833 - 4,430 - - 540 4,970 |
Restricted funds £ 20,670 - - - - - - |
2021 £ 23,502 - 4,430 - - 540 4,970 |
2020 £ |
|---|---|---|---|---|
| 18,246 | ||||
| - | ||||
| 2,646 780 540 - |
||||
| 3,966 |
A Cash funds
B Other monetary assets
C Liabilities
D Guarantees and secured debts
The charity has not given any guarantees and has not provided its assets as security for any liabilities.
The accounts were approved by the trustees and signed on their behalf
by G Pritchard -------------------------------------------G. Pritchard
date: 1 July 2022
The notes on page 7 form part of these accounts.
Page 6
FORUM OF CHRISTIAN LEADERS UK CIO
NOTES TO THE ACCOUNTS
YEAR ENDED 30 SEPTEMBER 2021
1 Accounting policies
The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.
Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
| 2 Grants paid to Forum of Christian Leaders for: Cambridge Scholars Network Cambridge Leaders Network |
Unrestricted funds £ - - - |
Restricted Funds £ 10,000 4,000 14,000 |
Total 2021 £ 10,000 4,000 14,000 |
Total 2020 £ |
|---|---|---|---|---|
| - | ||||
| - |
All of the above grants were paid to Forum of Christian Leaders (a charity registered in the USA) to provide leadership training to those engaged in Christian ministry.
3 Administrative expenses:
| Preparation of accounts Other governance expenses ement on restricted funds Cambridge Scholars Network Cambridge Leaders Network European Leadership Forum McCarthy Ministry |
Balance at 30.9.20 £ 10,000 6,500 367 364 17,231 |
1,320 314 1,634 Receipts £ - - 17,803 - 17,803 |
- - - Payments £ (10,000) (4,000) - - (14,000) |
1,320 314 1,634 Transfers £ - - - (364) (364) |
- 306 |
|---|---|---|---|---|---|
| 306 | |||||
| Balance at 30.9.21 £ - 2,500 18,170 - |
|||||
| 20,670 |
- 4 Movement on restricted funds
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