Registered Charity Number: 1170137
Report of the Trustees and Unaudited Financial Statements for the year ended 31[st] March 2021
4M UK
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 March 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial position | 5 |
| Notes to the Financial Statements | 6 to 9 |
| Detailed Statement of Financial Activities | 10 |
4M UK
REPORT OF THE TRUSTEES for the year ended 31 March 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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).
Objectives and Activities
4M is a worldwide movement of men - a band of brothers - it's a group of ordinary people living extraordinary lives. Our values are built on Faith, Brotherhood, Adventure & Justice. And we want men everywhere to throw all they have into mind, body & soul adventures that will impact them and their world forever.
An XCC is a mind, body and soul adventure - an active and challenging endurance event, out in the wild. The XCC is set up like one endless day; for 72 hours men are confronted with significant physical challenges, deep comradery and profound moments of moral and spiritual input. Through the XCC process, you can find perspective; evaluate who you are and find a purpose worth living for
Public benefit
The Trustees have considered the Charity Commission guidance on public benefit and consider that the activities of the charity meet its charitable objectives and provide a benefit to the public.
Achievement and performance
The activities in the year were 6 XCC events as follows;
April 20 - XCC in Scotland. We had 99 participants
May 20 - XCC for Hillsong Church in Scotland. There were 31 participants through our website shop …. Others directly through Hillsong
June 20 - XCC did not run.
October 20 - XCC in Wales. We had 35 participants on the first and 21 on the second event due to COVID-19 restrictions November 20 – XCC Dartmoor. This event had 29 participants due to COVID-19 restrictions
March 21 - XCC in England. This event was cancelled due to inclement weather. Many participants rebooked onto future events and all were given free access to the ‘XCC Remote’ product we developed early into the first lock-down.
Each event had its own merits and stories. We’ve seen lives changed, people opening up about struggles they don’t speak to people about, carried burdens and weights have been lifted and further people such as families notice the difference the XCCs have made to the people that participated.
Recruitment following the summer in 2020 was challenging and the autumn events, although under target, were still incredibly impactful.
Future plans
We have a vision to see EVERY person in the UK offered an XCC place if they need one. This will need more events as well as higher recruitment and donor income to support the funding of places for those who can’t afford it. To get there, we are growing the number of XCC events and doubling up the numbers on each location. A new location has been added in March and we are running more events online to help support people during the year. In addition, we are looking at beginning an activity for ‘Arise’ - a similar event but focused around women rather than just men as it has been to date.
We’d like to specially note our thanks to our donors for their support this year, and the many volunteers who help on our events.
Financial review
4M UK's income is made up primarily from donations and event fees. Donations, including funds reclaimed under the Gift Aid system were £125,041 (2020: £78,872). Income from charitable activities such as events and book sales were £53,035 (2020: £79,977).
Many thanks to everyone who has given generously throughout the year and to those who have organised and helped with fundraising activities.
There was a surplus at the year-end of £34,857 (2020: Deficit £41,591) after expenses totalling £167,661 (2020: £200,496)
Page 3
4M UK
REPORT OF THE TRUSTEES for the year ended 31 March 2021
Reserves policy
The policy of the organisation is to maintain three months running costs as reserves wherever possible. This reflects the concern of the trustees that they should maintain sufficient reserves to meet any unforeseen circumstances and in particular, to meet the organisation's obligations, in the event that the charity has to be wound up.
The year-end level of reserves is lower than the trustees would like. They are aware of the situation and are looking to build reserves in future years by organising larger numbers to attended XCC events. The charity received a sizable donation after the year end which has now enabled the charity to meet its reserves policy.
Structure, Governance and Management Governing document
The charity is controlled by its governing document, a constitution, and is a Charitable Incorporated Organisation (CIO) registered on 11[th] November 2016.
Recruitment and appointment of new trustees
All the trustees are already familiar with the practical work of the charity. Any new trustees will be invited and encouraged to attend training sessions to familiarise themselves with the charity and the context within which it operates.
All of the trustees give their time voluntarily and received no benefits from the charity. All payments made to related parties of the directors and key management are shown as a note to the accounts.
Induction and training of new trustees
New trustees are given an orientation pack, which briefs them on a trustee's legal obligations under charity law, the content of the governing document, the committee and decision-making process, and the most recent accounts and Annual Report.
Reference and Administration Details
Registered name
4M UK (Working names: 4M; The 4[th] Musketeer) Registered Charity number 1170137
Principal address
16 Barwick Close Littlehampton West Sussex BN16 3TT
Trustees
Name Position Appointments/Resignations J Ray Chair J Skeates B Jacob
Independent Examiner
Magnus Proctor FFA Lindisfarne, Landkey Road Barnstaple, EX32 9BW
Approved by the board of trustees on 16[th] November 2021 and signed on its behalf by:
............................................. J Ray, Chair
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF 4M UK
Independent examiner's report to the trustees of 4M UK
I report to the charity trustees on my examination of the accounts of 4M UK (the Trust) for the year ended 31[st] March 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
Signed:
Magnus Proctor FFA Institute of Financial Accountants Lindisfarne Landkey Road Barnstaple Devon EX32 9BW
Date: 16[th] November 2021
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4M UK
STATEMENT OF FINANCIAL ACTIVITIES for the Year ended 31 March 2021
| Notes Income and Endowments Donations and legacies 2 Charitable activities 3 Investment income 4 Other income – Government grant Total Incoming Resources Expenditure Charitable activities Advancement of the Christian Faith Total Resources Expended Net Incoming / (Outgoing) resources Reconciliation of Funds Total Funds brought forward Total Funds carried forward |
2021 2020 Unrestricted funds Restricted funds Total Total £ £ £ £ 117,513 7,508 125,041 78,872 53,035 0 53,035 79,977 7 0 7 56 24,435 0 24,435 0 |
|---|---|
| 195,010 7,508 202,518 158,905 |
|
| 167,661 0 167,661 200,496 |
|
| 167,661 0 167,661 200,496 |
|
| 27,349 7,508 34,857 (41,591) (18,013) 0 (18,013) 23,578 |
|
| 9,336 7,508 16,844 (18,013) |
The notes form part of the financial statements
Page 6
4M UK
STATEMENT OF FINANCIAL POSITION At 31 March 2021
| Notes Fixed Assets Tangible assets 7 Current Assets Stocks Debtors 8 Cash at bank Current Liabilities Amounts falling due within one year 9 Current Assets less Current Liabilities Total Assets less Current Liabilities Funds Unrestricted Funds 10 |
2021 2020 Unrestricted funds Restricted funds Total Total £ £ £ £ 4,195 4,195 7,010 343 343 486 10,110 6,000 16,110 16,562 54,803 1,508 56,311 28,519 |
|---|---|
| 65,256 7,508 72,764 45,567 (60,115) 0 (60,115) (70,591) |
|
| 5,141 7,508 12,649 (25,023) |
|
| 9,336 7,508 16,844 (18,013) |
|
| 9,336 7,508 16,844 (18,013) |
The financial statements were approved by the Board of Trustees on 16[th] November 2021 and were signed on its behalf by:
.............................................
J Ray, Chair
The notes form part of the financial statements
Page 7
4M UK
NOTES TO THE FINANCIAL STATEMENTS for the Year ended 31 March 2021
1. Accounting Policies
Basis of preparing the financial statements and assessment of going concern
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The trustees refer you to Note 14 Post Balance Sheet Event and the Trustees Annual Report concerning uncertainties about the charity's ability to continue as a going concern.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment
33% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Debtors
Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.
Cash at bank and in hand
Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.
Creditors
Creditors are recognised where then charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
The notes form part of the financial statements
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4M UK
NOTES TO THE FINANCIAL STATEMENTS for the Year ended 31 March 2021
2. Donations and Legacies
| Donations Gift Aid receivable Charitable Activities Fees Sale of merchandise Investment income Interest received Expenditure on charitable activities The operation of 4M UK Support costs Analysis of support costs Independent examiner Management and accountancy fees Bank charges Office and IT costs Consultancy fees Insurance |
2021 2020 £ £ 111,892 66,662 13,149 12,210 125,041 78,872 2021 2020 £ £ 52,763 78,850 272 1,127 53,035 79,977 2021 2020 £ £ 7 56 7 56 2021 2020 £ £ 137,399 173,430 30,262 27,066 167,661 200,496 2021 2020 £ £ 500 500 18,044 17,366 1,519 1,433 5,814 3,292 0 113 4,385 4,362 30,262 27,066 |
|---|---|
3. Charitable Activities
4. Investment income
5. Expenditure on charitable activities
6. Analysis of support costs
The notes form part of these financial statements
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4M UK
NOTES TO THE FINANCIAL STATEMENTS for the Year ended 31 March 2021
7. Employee’s Remuneration and Benefits
| Employee’s salaries Employee's social security Pension costs |
2021 2021 £ £ 96,792 95,700 5,720 6,634 2,042 2,018 104,554 104,352 |
|---|---|
Trustees’ expenses
There were no trustees' expenses paid for the period ended 31 March 2021.
Key management
The trustees consider the Key Management to be the position of the Trustees; the remuneration of which is disclosed above.
8. Staff costs
| The average monthly number of employees during the period was as follows: No employees received emoluments in excess of £60,000. Tangible fixed Assets Cost Cost brought forward Additions Total cost carried forward Depreciation Depreciation brought forward Charge for year Total depreciation carried forward Net Book Value At 31 March 2020 At 31 March 2019 Debtors Trade debtors Prepayments and accrued income Other debtors |
2021 2020 No. No. 3 3 Equipment Total £ 10,656 10,656 0 0 |
|---|---|
| 10,656 10,656 |
|
| 3,646 3,646 2,815 2,815 |
|
| 6,461 6,461 |
|
| 4,195 4,195 7,010 7,010 2021 2020 £ £ 669 669 2,292 3,683 13,149 12,210 |
|
| 16,110 16,562 |
No employees received emoluments in excess of £60,000.
9. Tangible fixed Assets
10. Debtors
The notes form part of these financial statements
Page 9
4M UK
NOTES TO THE FINANCIAL STATEMENTS for the Year ended 31 March 2021
11. Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | |
|---|---|
| Trade creditors Taxation and social security Accruals and deferred income |
2021 2020 £ £ 587 3,817 2,865 2,403 56,663 64,370 |
| 60,115 70,590 |
12. Movement in Funds
| 12. Movement in Funds | |
|---|---|
| Unrestricted Funds General Fund Global Support Fund Total Funds Unrestricted Funds General Fund Global Support Fund Total Funds |
Balance Income Expenditure Transfers Balance 1st April 2020 31st March 2021 (18,013) 195,010 (167,661) 9,336 0 7,508 (0) 7,508 |
| (18,013) 202,518 (167,661) 0 16,844 |
|
| Balance Income Expenditure Transfers Balance 1st April 2019 31st March 2020 18,070 158,905 (194,988) (18,013) 5,508 0 (5,508) 0 |
|
| 23,578 158,905 (200,496) 0 (18,013) |
The Global Support Fund is money to support the global mission of 4M
13. Related Party Disclosures
E Ray, wife of trustee, J Ray (Trustee) received a salary of £16,200 during the year. (2020: £16,200)
The notes form part of these financial statements
Page 10
4M UK
The following pages do not form part of the Financial Statements
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
| Income and endowments Donations and legacies Donations Gift Aid received Total income from donations and legacies Charitable activities Fees Sale of merchandise Total income from charitable activities Investment income Interest received Total income from investment income Other Income – Government Grant Total incoming resources Expenditure Charitable activities Materials for XCC Venue Hire Equipment hire Food and drink for XCC Coach hire and transportation Parking facility XCC Commission Merchandise Contributions (NL) Advertising and marketing Charitable donations Refreshments Entertainment Salaries Employers national insurance costs Staff training Pension costs Subscriptions Telephone and internet Travel - national Travel - international Mileage Unrealised currency losses (gains) Realised currency losses (gains) Depreciation Total expenditure on charitable activities Support costs Independent examiner Management and accountancy fees Bank charges Office and IT costs Consultancy fees Insurance Total support costs Total resources expended Net incoming/(outgoing) resources |
2021 2020 £ £ 111,892 66,662 13,149 12,210 |
|---|---|
| 125,041 78,872 52,763 78,850 272 1,127 |
|
| 53,035 79,977 7 56 |
|
| 7 56 |
|
| 24,435 0 |
|
| 202,518 158,905 |
|
| 2,808 10,599 0 3,260 0 596 889 10,398 0 5,253 0 11 1,689 0 138 1,046 1,819 1,556 19,989 17,952 1,000 245 0 467 232 771 96,792 95,700 5,720 6,634 0 154 2,042 2,018 8 2,109 1,365 930 93 1,269 0 10,287 0 263 0 1 0 23 2,815 1,888 |
|
| 137,399 173,430 500 500 18,044 17,366 1,519 1,433 5,814 3,292 0 113 4,385 4,362 |
|
| 30,262 27,066 167,661 200,496 |
|
| 34,857 (41,591) |
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