## In Touch Ministries of the UK Charity # 1171043 FY 2023 Accounts Filing with UK's Charity Commission
I. Trustees' Annual Report II. Independent Examiner's Report III. Annual Accounts Filing
## **Trustees' Annual Report for the period**
||Period start date|Period start date|||Period end date|Period end date||
|---|---|---|---|---|---|---|---|
||01|October|2022||30|Septemb|2023|
|**From**||||**To**||er||
## Section A Reference and administration details
**Charity name** In Touch Ministries of the UK **Other names charity is known by** “In Touch,” “In Touch with Dr. Charles Stanley” **Registered charity number (if any)** 1171043
**Charity's principal address** 126 Fairlie Road Slough Berkshire **Postcode** SL 1 4PY
**Names of the charity trustees who manage the charity**
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2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||Stephen
Freshwater||||
||Colin Martin||||
||Charles Phillip
Bowen|Chairman||In Touch Ministries, Inc.
(USA)|
||Gerald Wolfe|||In Touch Ministries, Inc.
(USA)|
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**TAR**
March **2012**
1
**Names of the trustees for the charity, if any, (for example, any custodian trustees)**
|**Name**
**Dates acted if not for whole year**
**Names and addresses of advisers (Optional information)**
**Type of adviser**
**Name**
**Address**|**Name**|**Name**|**Dates acted if not for whole year**|
|---|---|---|---|
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|**Name of chief executive or names of senior staff members (Optional information)**||||
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**TAR**
March **2012**
2
**Section B Structure, governance and management**
## **Description of the charity’s trusts**
Type of governing document
Constitution
- (eg. trust deed, constitution)
Charitable incorporated organisation (CIO) How the charity is constituted
- (eg. trust, association, company)
Election by the other trustees of the charity or appointed by In Touch Trustee selection methods Ministries, Inc. (USA). There is a limit of two appointments by In Touch (eg. appointed by, elected by) Ministries, Inc. (USA).
## **Additional governance issues (Optional information)**
You **may choose** to include additional information, where relevant, about:
- policies and procedures adopted for the induction and training of trustees;
- the charity’s organisational structure and any wider network with which the charity works;
- relationship with any related parties;
- trustees’ consideration of major risks and the system and procedures to manage them.
## **Section C Objectives and activities**
The objects of the CIO are the advancement of the Christian faith for the benefit of the public, in particular, but not exclusively, by means of:
- 1) broadcasting, and if applicable, producing television and radio programmes featuring Biblical preaching, teaching, prayer and music;
**Summary of the objects of the charity set out in its governing document**
- 2) publishing and distributing literature featuring articles of Biblically based teaching;
- 3) producing and distributing discipleship resources; and
- 4) making available Biblically based teaching and resources on digital media;
to spread the Gospel of Jesus Christ and further the Christian religion by any charitable means as the charity trustees decide from time to time.
**TAR**
March **2012**
3
During fiscal year 2023, the charity's main activities were:
- 1) Distributing literature featuring articles of Biblically based teaching including a monthly In Touch Devotional and _From the Pastor's Heart_ Letters, provided to subscribers for free.
- 2) Distributing discipleship resources (free items and for sale items). For sale items include Bibles and recordings on CD and DVD of messages by Dr. Stanley.
**Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)**
- 3) Making available Biblically based teaching and resources on digital media at www.intouchuk.org and through In Touch's social media accounts.
## **Additional details of objectives and activities (Optional information)**
You **may choose** to include further statements, where relevant, about:
- policy on grantmaking;
- policy programme related investment;
- contribution made by volunteers.
## Section D Achievements and performance
**Summary of the main achievements of the charity during the year**
During the fiscal year 2023, In Touch Ministries of the UK accomplished the following: 1) Distributed over 44,000 copies of the free Monthly Devotional to residents of the UK.
- 2) Distributed over 42,000 copies of the “From the Pastor’s Heart” to residents of the UK.
**TAR**
March **2012**
4
Section E
Financial review
At 30 SeptstnLEr 2023 charty hal resVe5 of £415.230. all of which con5tstute free
. TIEse will ynt on futtjre Charitab lties.
Brief statement of the
charity's policy on reserves
Details of any funds materially
In deflclt
Not applicable
Further flnanclal revlew detalls Ioptlonal Infomiationl
You may choose to include
additional information, where
relevant about..
the charity's principal
sour5 of funds (including
any fundraisingl..
how expenditure has
supported the key objectives
of the charity.,
investment policy and
objectives including any
ethical investment policy
adopted.
Section F
Other optional information
Section G
Declaration
The trustees declare that they have approved the trustees, report above.
Slgned on behalf of thg charlty's trnstees
Slgnaturel81
Full namelsl
Position leg Secretary, Chair,
etcl
Charles Phillip Bowen
Chairman
Date
IS ¥A>tq
TAR
March 2012
## **In Touch Ministries of the UK Independent Examiner's Report to the Trustees of In Touch Ministries of the UK**
I report to the charity Trustees on my examination of the financial statements of In Touch Ministries of the UK (the CIO) for the year ended 30 September 2023.
## **Responsibilities and basis of report**
As the charity trustees of the CIO, 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 your Charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the 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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
p y pp q g 3. content of accounts set out in the Charities (Accounts and Reports) Regulations 2008
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 accounts to be reached.
## **Adam Fullerton (FCA DChA)**
Moore Kingston Smith LLP Chartered Accountants 6th Floor 9 Appold Street London EC2A 2AP
> Date: 14/06/2024
|In Touch Ministries ofthe UK|In Touch Ministries ofthe UK|In Touch Ministries ofthe UK|1171043|||
|---|---|---|---|---|---|
|Annualaccountsforthe period||||||
|01-Oct-22||**To**|30-Sep-23|||
## **Section A Statement of financial activities**
|**Recommended categories by**
**activity**
Guidance Note
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
S07
**Resources expended (Note 6)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material item of expense
S10
Other
S11
S12
S13
Net gains/(losses) on investments
S14
S15
**Extraordinary items**
S16
S17
S18
Other gains/(losses)
S19
S20
**_Reconciliation of funds:_**
S21
S22
**_Total_**
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) before investment**
**gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
**Other recognised gains/(losses):**
Gains and losses on revaluation of fixed assets for the charity’s own use|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03|**Total funds**
**Prior year**
**funds**
**£**
**£**
F04
F05|**Total funds**
**Prior year**
**funds**
**£**
**£**
F04
F05|
|---|---|---|---|---|---|
||51,608|-|-|51,608|35,400|
||163,547|-|-|163,547|156,222|
||4,263|-|-|4,263|6,538|
||-|-||-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||219,418|-|-|219,418|198,160|
|||||||
||-|-|-|-|-|
||160,006|-|-|160,006|144,713|
||-|-|-|-|-|
||4,440|-|-|4,440|3,540|
||164,446|-|-|164,446|148,253|
|||||||
||54,972|-|-|54,972|49,907|
||-|-|-|-|-|
||54,972|-|-|54,972|49,907|
||-|-|-|-|-|
||-|-|-|-|-|
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||54,972|-|-|54,972|49,907|
|||||||
||360,258|-|-|360,258|310,351|
||415,230|-|-|415,230|360,258|
FY 23 Annual Accounts
1
Section B
Balance sheet
Restricted
income
funds
Unrestrlcted
funds
Endowmenl Totsl thls
funds
year
Total last
year
Fixed assets
Intangible assets
Tangible assets
Herltage assets
Investments
F01
F02
F03
F04
F05
(Note 151
(Note 141
INotè 161
(Note 171
Total flxed assets W5
Current assets
Stocks
(Noto 181
Debtors
(Note 191
Invgstmonts
INoto 17.41
Cash al bank and In hand INote 241
Total cuffentassets BIO
4,440
4.440
3,540
360,258
363,798
Creditor8: amounts falllng duo wlthln
ona yoar
(Note 201
4.440
Net current aSset{lIabIllU¢s) B12
360,
Total assets 19$$ ¢urrent Ilabllltle$ 81$
360,25e
Creditors: amounts falllng due after
one year
INoto 201
Provlsions for Ilabllities
815
Total net assets or liabilities
BIO
415,230
415.230
360,258
Funds of the Charity
Endowmont funds (Note 271
Rgstrlcted Incomo funds INot• 271
Unrestrlctèd funds
Revaluation reserve
817
816
819
415230
415230
360 258
Total lunds 821
sign by one or two trustees on behalf of all
the Iwstee8
Date of
approval
ddlmml
SvJn8iuTe
Print Name
Charfes Philli
Bowen
FY 23 Annual Accounts
## **Section C Notes to the accounts**
## Note 1 **Basis of preparation**
## _**This section should be completed by all charities** ._
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities • and with* preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 the Financial Reporting Standard applicable in the United Kingdom and Republic of • and with* Ireland (FRS 102)
- and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.*
- -Tick as appropriate
## **1.2 Going concern**
## _**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_
An explanation as to those factors that support the conclusion that the charity is a going concern;
The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charitable entity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular, the trustees have considered the charitable entity's forecasts and projections and have taken account of pressures on donation and investment income. After making enquiries, the trustees have concluded that there is a reasonable expectation that the charitable entity has adequate resources to continue in operational existence for the foreseeable future. The charitable entity therefore continues to adopt the going concern basis in preparing its financial statements. There are no material uncertainties regarding going concern at the date of these financial statements.
Disclosure of any uncertainties that make the going concern assumption doubtful;
Not applicable
Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.
Not applicable
FY 23 Annual Accounts
3
**Section C Notes to the accounts**
## **1.3 Change of accounting policy**
The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.
|Yes*
No*
**_Please disclose:_**||* -Tick as appropriate|* -Tick as appropriate|
|---|---|---|---|
|||||
|||||
|**_(i) the nature of the change in accounting policy;_**|||Not applicable|
|**_(ii) the reasons why applying the new accounting policy_**
**_provides more reliable and more relevant information;_**
**_and_**|||Not applicable|
|**_(iii) the amount of the adjustment for each line affected_**
**_in the current period, each prior period presented and_**
**_the aggregate amount of the adjustment relating to_**
**_periods before those presented, 3.44 FRS 102 SORP._**|||Not applicable|
## **1.4 Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
Yes* * -Tick as appropriate No*
## _**Please disclose:**_
|**_Please disclose:_**||
|---|---|
|**_(i) the nature of any changes;_**|Not applicable|
|**_(ii) the effect of the change on income and expense or_**
**_assets and liabilities for the current period; and_**|Not applicable|
|**_(iii) where practicable, the effect of the change in one or_**
**_more future periods._**|Not applicable|
FY 23 Annual Accounts
4
## **Section C Notes to the accounts**
## **1.5 Material prior year errors**
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
|Yes*
No*
**_Please disclose:_**||* -Tick as appropriate|* -Tick as appropriate|
|---|---|---|---|
|||||
|||||
|**_(i) the nature of the prior_**||**_period error;_**|Not applicable|
|**_(ii) for each prior period presented in the accounts, the_**
**_amount of the correction for each account line item_**
**_affected; and_**|||Not applicable|
|**_(iii) the amount of the correction at the beginning of the_**
**_earliest prior period presented in the accounts._**|||Not applicable|
FY 23 Annual Accounts
5
**Section C Notes to the accounts (cont)**
## **Note 2 Accounting policies**
_Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable._
## **2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE**
Not Applicable **Please provide a description of the nature of each change in accounting policy Start of End of period period £ £ Fund balances as previously stated** _**Adjustments:**_ **Fund balance as restated** _**102**_ **End of £ Net income/(expenditure) as previously stated** _**Adjustments:**_ **Previous period net income/(expenditure) as restated**
## _**Reconcilation of funds per previous GAAP to funds determined under FRS 102**_
_**Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102**_
FY 23 Annual Accounts
6
**Section C Notes to the accounts (cont)**
## **Note 2 Accounting policies 2.2 INCOME**
_This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below._
|**Recognition of income**
The cost of any stock of goods donated for distribution to beneficiaries is deemed
to be the fair value of those gifts at the time of their receipt and they are recognised
on receipt. In the reporting period in which the stocks are distributed, they are
recognised as an expense at the carrying amount of the stocks at distribution.
These are included in the Statement of Financial Activities (SoFA) when:
the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
the monetary value can be measured with sufficient reliability.
**Donated goods**
**Contractual income and**
**performance related grants**
**Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless
required or permitted by the FRS 102 SORP or FRS 102.
**Grants and donations**
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
This is only included in the SoFA once the charity has provided the related goods
or services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could
be exchanged) unless impractical to do so.
In the case of performance related grants, income must only be recognised to the
extent that the charity has provided the specified goods or services as entitlement
to the grant only occurs when the performance related conditions are met (5.16
FRS 102 SORP).
**Legacies**
Legacies are included in the SOFA when receipt is probable, that is, when there
has been grant of probate, the executors have established that there are sufficient
assets in the estate and any conditions attached to the legacy are either within the
control of the charity or have been met.
**Government grants**
The charity has received government grants in the reporting period
**Tax reclaims on donations**
**and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the
donor. Any Gift Aid amount recovered on a donation is considered to be part of
that gift and is treated as an addition to the same fund as the initial donation unless
the donor or the terms of the appeal have specified otherwise.
Gifts in kind for use by the charity are included in the SoFA as income from
donations when receivable.
Donated goods for resale are measured at fair value on initial recognition, which is
the expected proceeds from sale less the expected costs of sale, and recognised in
'Income from other trading activities' with the corresponding stock recognised in the
balance sheet. On its sale the value of stock is charged against 'Income from other
trading activities' and the proceeds from sale are also recognised as 'Income from
other trading activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed
assets and included in the SoFA as incoming resources when receivable.|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a|
|---|---|---|---|
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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FY 23 Annual Accounts
7
|**Section C Notes to the accounts**|**(cont)**
Yes
No
N/a|**(cont)**
Yes
No
N/a|**(cont)**
Yes
No
N/a|
|---|---|---|---|
|Donated services and facilities that are consumed immediately are recognised as
income with an equivalent amount recognised as an expense under the
appropriate heading in the SOFA.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the
value of the gift to the charity provided the value of the gift can be measured
reliably.
This includes any realised or unrealised gains or losses on the sale of investments
and any gain or loss resulting from revaluing investments to market value at the
end of the year.
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount
receivable can be measured reliably.
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in
Donations and Legacies.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and
services as income from charitable activities.
**2.3 EXPENDITURE AND LIABILITIES**
**Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount
of the obligation can be measured with reasonable certainty.
**Investment gains and**
**losses**
The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs
11.17 to 11.19, FRS102 SORP.
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity
and its compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property
costs by floor areas, or per capita, staff costs by the time spent and other costs by
their usage.
**Grants with performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific
level of service or output to be provided, such grants are only recognised in the
SoFA once the recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity
to realistically avoid the commitment, a liability for the full funding obligation must
be recognised.
**Basic financial instruments**
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an
item of other income in the SoFA.
**Support costs**
The charity has incurred expenditure on support costs.
**Volunteer help**
The value of any voluntary help received is not included in the accounts but is
described in the trustees’ annual report.
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Creditors**
The charity has creditors which are measured at settlement amounts less any trade
discounts
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date||||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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||Yes
No
N/a|||
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FY 23 Annual Accounts
8
**Section C Notes to the accounts (cont)**
## **2.4 ASSETS**
|**Intangible fixed assets**
**Heritage assets**
**POLICIES ADOPTED**
**ADDITIONAL TO OR**
**DIFFERENT FROM**
**THOSE ABOVE**
**Current asset investments**
**Debtors**
**Investments**
**Stocks and work in**
**progress**
**Tangible fixed assets for**
**use by charity**|The charity has has investments which it holds for resale or pending their sale and
cash and cash equivalents with a maturity date less than one year. These include
cash on deposit and cash equivalents with a maturity date of less than one year
held for investment purposes rather than to meet short term cash commitments as
they fall due.
Debtors (including trade debtors and loans receivable) are measured on initial
recognition at settlement amount after any trade discounts or amount advanced by
the charity. Subsequently, they are measured at the cash or other consideration
expected to be received.
Work in progress is valued at cost less any foreseeable loss that is likely to occur
on the contract.
Goods or services provided as part of a charitable activity are measured at net
realisable value based on the service potential provided by items of stock.
Stocks held for sale as part of non-charitable trade are measured at the lower or
cost or net realisable value.
They are valued at fair value except where they qualify as basic financial
instruments.
They are valued at cost.
Fixed asset investments in quoted shares, traded bonds and similar investments
are valued at initially at cost and subsequently at fair value (their market value) at
the year end. The same treatment is applied to unlisted investments unless fair
value cannot be measured reliably in which case it is measured at cost less
impairment.
Investments held for resale or pending their sale and cash and cash equivalents
with a maturity date of less than 1 year are treated as current asset investments
The charity has intangible fixed assets, that is, non-monetary assets that do not
have physical substance but are identifiable and are controlled by the charity
through custody or legal rights. The amortisation rates and methods used are
disclosed in note 9.5
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The
depreciation rates and methods used as disclosed in note 9.6.1.4.
The depreciation rates and methods used are disclosed in note 9.2.
They are valued at cost.
These are capitalised if they can be used for more than one year, and cost at least|N/A|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a|
|---|---|---|---|---|---|
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||||Yes
No
N/a|||
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No
N/a|||
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No
N/a|||
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No
N/a|||
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No
N/a|||
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No
N/a|||
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||||Yes
No
N/a|||
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||||Yes
No
N/a|||
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||||Yes
No
N/a|||
|||||||
||||Yes
No
N/a|||
|||||||
||||Yes
No
N/a|||
|||||||
||||Yes
No
N/a|||
|||||||
|||||||
||**Donated Goods for Resale:**In Touch Ministries of the UK received various donated publications and
trade books from In Touch Ministries (US) that were available for sale. As the publications and trade
books could also be provided to an individual who contacted the Ministry at no charge, depending on
the individual's specific need, the stock held by In Touch Ministries of the UK as of September 30,
2023 was recognized as having a value of £0. Revenue from the sale of donated publications and
trade books was recognized at the point of sale.|||||
FY 23 Annual Accounts
9
## **Section C Notes to the accounts (cont)**
## **Note 3 Analysis of income**
|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
Donations and gifts
51,608
- - 51,608 35,400
Gift Aid
-
- - - -
Legacies
-
- - - -
General grants provided by government/other
charities
- - - - -
Membership subscriptions and sponsorships
which are in substance donations
- - - - -
Donated goods, facilities and services
4,263
- - 4,263
-
Other
-
- - - -
**Total** 55,871
- - 55,871 35,400
Grants for the provision of goods and services
as part of charitable activities
163,547
- - 163,547 156,222
- - -
-
- - - -
Other
- - - - -
**Total** 163,547
- - 163,547 156,222
Merchandise sales of donated goods
- - - - 6,538
-
- - - -
-
- - - -
Other
-
- - - -
**Total**
-
- - - 6,538
Interest income
-
- - - -
Dividend income
-
- - - -
Rental and leasing income
-
- - - -
Other
-
- - - -
**Total**
-
- - - -
-
- - - -
-
- - - -
-
- - - -
-
- - - -
**Total**
-
- - - -
Conversion of endowment funds into income
-
- - - -
Gain on disposal of a tangible fixed asset held
for charity's own use
- - - - -
Gain on disposal of a programme related
investment
- - - - -
Royalties from the exploitation of intellectual
property rights
- - - - -
Other
-
- - - -
**Total**
-
- - - -
219,418
- - 219,418 198,160
**TOTAL INCOME**
**Other:**
**Charitable**
**activities:**
**Other trading**
**activities:**
**Income from**
**investments:**
**Separate**
**material item**
**of income:**
**Analysis**
**Donations**
**and legacies:**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Analysis**|
|---|---|---|---|---|---|---|
||Donations and gifts|51,608|-|-|51,608|35,400|
||
Gift Aid|-|
-|-|-|-|
||Legacies|-|
-|-|-|-|
||General grants provided by government/other
charities|-|-|-|-|-|
||Membership subscriptions and sponsorships
which are in substance donations|-|-|-|-|-|
||Donated goods, facilities and services|4,263|-|-|4,263|-|
||
Other|-|
-|-|-|-|
||**Total**|55,871|-|-|55,871|35,400|
||||||||
||Grants for the provision of goods and services
as part of charitable activities|163,547|-|-|163,547|156,222|
||||-|-|-||
|||-|
-|-|-|-|
||Other|-|-|-|-|-|
||**Total**|163,547|-|-|163,547|156,222|
||||||||
||Merchandise sales of donated goods
|-|-|-|-|6,538|
|||-|
-|-|-|-|
|||-|
-|-|-|-|
||Other|-|
-|-|-|-|
||**Total**|-|
-|-|-|6,538|
||||||||
||Interest income|-|
-|-|-|-|
||Dividend income|-|
-|-|-|-|
||Rental and leasing income|-|
-|-|-|-|
||
Other|-|
-|-|-|-|
||**Total**|-|
-|-|-|-|
||||||||
|||-|
-|-|-|-|
|||-|
-|-|-|-|
|||-|
-|-|-|-|
|||-|
-|-|-|-|
||**Total**|-|
-|-|-|-|
||||||||
||Conversion of endowment funds into income|-|
-|-|-|-|
||Gain on disposal of a tangible fixed asset held
for charity's own use|-|-|-|-|-|
||
Gain on disposal of a programme related
investment|-|-|-|-|-|
||Royalties from the exploitation of intellectual
property rights|-|-|-|-|-|
||
Other|-|
-|-|-|-|
||**Total**|-|
-|-|-|-|
||||||||
|||219,418|-|-|219,418|198,160|
**Other information:**
**All income in the prior year was unrestricted except for: (please provide description and amounts)**
All income in the prior year was unrestricted.
Not applicable.
**Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion.**
**Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)**
Grants for the provision of goods and services as part of charitable activities were provided from In Touch Ministries (US) to In Touch Ministries of the UK. Donations are provided by partners to further the ministry's mission.
FY 23 Annual Accounts
10
## **Section C Notes to the accounts (cont)**
## **Note 4 Analysis of receipts of government grants**
|**Government grant 1**
**Government grant 2**
**Government grant 3**
**Other**
**_Please provide details of any_**
**_unfulfilled conditions and other_**
**_contingencies attaching to grants_**
**_that have been recognised in income._**
**_Please give details of other forms of_**
**_government assistance from which_**
**_the charity has directly benefited._**|**Description**|**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**|
|---|---|---|---|
||Not applicable|-|-|
|||-|-|
|||-|-|
|||-|-|
||**Total**|-|-|
|||||
||Not applicable|||
|||||
||Not applicable|||
FY 23 Annual Accounts
11
**Section C Notes to the accounts (cont)**
## **Note 5 Donated goods, facilities and services**
|**Use of property**
**Other**
**Seconded staff**||**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**|
|---|---|---|---|
|||-|-|
|||-|-|
|||-|-|
|||-|-|
|||||
|**Please provide details of the**
**accounting policy for the recognition**
**and valuation of donated goods,**
**facilities and services.**|**Donated Goods for Resale**: In Touch Ministries of
the UK received various donated publications and
trade books from In Touch Ministries (US) that were
available for sale. As the publications and trade
books could also be provided to an individual who
contacted the Ministry at no charge, depending on
the individual's specific need, the stock held by In
Touch Ministries of the UK as of September 30,
2023 was recognized as having a value of £0.
Revenue from the sale of donated publications and
trade books was recognized at thepoint of sale.|||
|**Please provide details of any**
**unfulfilled conditions and other**
**contingencies attaching to resources**
**from donated goods and services not**
**recognised in income.**
**Please give details of other forms of**
**other donated goods and services**
**not recognised in the accounts, eg**
**contribution of unpaid volunteers.**||||
||
Not applicable|||
|||||
||Not applicable|||
FY 23 Annual Accounts
12
**Section C Notes to the accounts (cont)**
## **Note 6 Analysis of expenditure**
|**Expenditure on**
**charitable**
**activities**
**Expenditure on**
**raising funds:**
**Separate material**
**item of expense**|**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|
|---|---|---|---|---|---|---|
||Incurred seeking donations (postage &
printing)|-|-|-|-|-|
||Incurred seeking legacies|-|-|-|-|-|
||Incurred seeking grants|-|-|-|-|-|
||Operating membership schemes and
social lotteries|-|-|-|-|-|
||Staging fundraising events|-|-|-|-|-|
||Fudraising agents|-|-|-|-|-|
||Operating charity shops|-|-|-|-|-|
||Operating a trading company
undertaking non-charitable trading
activity|-|-|-|-|-|
||Advertising, marketing, direct mail and
publicity|-|-|-|-|-|
||Start up costs incurred in generating
new source of future income|-|-|-|-|-|
||Database development costs|-|-|-|-|-|
||Other trading activities||||||
||Investment management costs:|-|-|-|-||
||Portfolio management costs
|-|-|-|-|-|
||
Cost of obtaining investment advice|-|-|-|-|-|
||Investment administration costs
|-|-|-|-|-|
||Intellectual property licencing costs|-|-|-|-|-|
||Rent collection, property repairs and
maintenance charges
|-|-|-|-|-|
|||-|-|-|-|-|
||**Total expenditure on raising funds**|-|-|-|-|-|
||||||||
||Printing and postage of Ministry
resources|132,137|-|-|132,137|121,100|
||Donor communication and
administration|27,869|-|-|27,869|23,613|
|||-|-|-|-|-|
|||-|-|-|-|-|
||**Total expenditure on charitable**
**activities**|160,006|-|-|160,006|144,713|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
||**Total**|-|-|-|-|-|
FY 23 Annual Accounts
13
## **Section C Notes to the accounts (cont)**
## **Other**
|Independent exam of accounts|3,540|-|-|3,540|3,540|
|---|---|---|---|---|---|
|
Annual tax return preparation fees|900|-|-|900|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
|**URE**
**Total other expenditure**|4,440|-|-|4,440|3,540|
|||||||
||164,446|-|-|164,446|148,253|
## **TOTAL EXPENDITURE**
## **Other information:**
## **Analysis of expenditure on charitable activities**
|**Activity or**
**programme**|**Activities undertaken directly**|**Grant**
**funding of**
**activities**|**Support**
**Costs**|**Total this**
**year**|**_Total prior_**
**_year_**|
|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|
|Printing and postage
of Ministryresources|132,137|-|-|132,137|121,100|
|Donor
communication and
administration|-|-|27,869|27,869|23,613|
|||||||
|**Total**||-|27,869|160,006|144,713|
**Prior year expenditure on charitable activities can be analysed as follows:**
Prior year expenditure noted above was paid to carry on In Touch Ministries of the UK's charitable activities.
**Within the expenditure items above the following items are material: (please disclose the nature, amount and any prior year amounts)**
"Printing and postage of Ministry resources" and "Donor communication and administration" items are both material items. In Touch Ministries (US) paid, via noncash grants, for the majority of these expenditures in fiscal year 2023 to assist In Touch Ministries of the UK in the performance of its charitable activities.
FY 23 Annual Accounts
14
**Section C Notes to the accounts (cont)**
## **Note 7 Extraordinary items**
## _**Please explain the nature of each extraordinary item occurring in the period.**_
|**Extraordinary item 1**
**Extraordinary item 2**
**Extraordinary item 3**
**Extraordinary item 4**
Not applicable
Not applicable
**Total extrordinary items**
**Description**
Not applicable
Not applicable|**Description**|**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**|
|---|---|---|---|---|
||Not applicable|-|-||
||||||
||Not applicable|-|-||
||||||
||Not applicable|-|-||
||||||
||Not applicable|-|-||
|||-|-||
FY 23 Annual Accounts
15
**Section C Notes to the accounts**
## **Note 8 Funds received as agent**
## _**8.1 Please complete this note if the charity has agreed to administer the funds of another entity as its agent. Note: If a charity is acting as an agent, it should not recognise the income in the Statement of Financial Activities or the Balance Sheet.**_
|||**Amount received**|**Amount received**|**Amountpaid out**|**Amountpaid out**|**Balance held at period**
**end**|**Balance held at period**
**end**|
|---|---|---|---|---|---|---|---|
|**Description/name of**
**party**|**Related**
**party (Yes**
**or No)**|**This year**|**Last year**|**This year**|**Last year**|**This year**|**Last year**|
|||**£**|**£**|**£**|**£**|**£**|**£**|
|Not applicable||-|-|-|-|-|-|
|||-|-|-|-|-|-|
|||-|-|-|-|-|-|
|||-|-|-|-|-|-|
|||-|-|-|-|-|-|
|**Total**||-|-|-|-|-|-|
## _**8.2 Where a consortia or similar arrangement exists whereby 2 or more charities co-operate to achieve economies in the purchase of goods or services, please discose details of any balances outstanding between any participating members.**_
|**_members._**|||
|---|---|---|
|**Description/name of party**|**Balance held at period**
**end**||
|Not applicable|**This year**|**Last year**|
||**£**|**£**|
||-|-|
||-|-|
||-|-|
||-|-|
||-|-|
|**Total**|-|-|
FY 23 Annual Accounts
16
**Section C Notes to the accounts**
**Note 9 Support Costs** _**Please complete this note if the charity has analysed its expenses using activity categories and has support costs.**_
|**Support cost**
**(examples)**|**Raising funds**
**£**|**Expenditure on**
**Charitable**
**Activities**
**£**|**Other**
**£**|**Grand total**
**£**|**Basis of**
**allocation**|
|---|---|---|---|---|---|
||||||**(Describe**
**method)**|
|Management Fees|-|6,120|-|6,120||
|Banking Fees|-|93|-|93||
|Donation Receipt &
Data Entry, Fulfilment,
Mailings, Postage, Etc.|-|21,656|-|21,656||
|Governance|-|-|4,440|4,440||
|**Total**|-|27,869|4,440|32,309||
_**Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.**_
Support costs shown above for the "Management Fees", "Banking Fees", "Donation Receipt & Data Entry, Fulfilment, Mailing, Postage, Etc.", and "Governance" lines are actual line item costs reflected in vendor invoicing plus associated VAT.
FY 23 Annual Accounts
17
**Section C Notes to the accounts**
## **Note 10 Details of certain items of expenditure**
## **10.1 Fees for examination of the accounts**
_**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).**_
|**_Please provide details of the amount paid for any statutory external scrutiny of_**
**_accounts and other services provided by your independent examiner. If nothing_**
**_was paid please enter '0' in the appropriate box(es)._**|||
|---|---|---|
|**Other fees (for example: financial advice, consultancy, accountancy services) paid**
**to the independent examiner**
**Independent examiner’s fees**
**Assurance services other than audit or independent examination**
**Tax advisory fees**|**This year**
**£**|**Last year**
**£**|
||3,540|3,540|
||-|-|
||900|-|
||-
|-|
FY 23 Annual Accounts
18
## **Section C Notes to the accounts (cont)**
## **Note 11 Paid employees** _**Please complete this note if the charity has any employees.**_
## **11.1 Staff Costs**
|**Salaries and wages**
**Social security costs**
**Other employee benefits**
**Total staff costs**
**Pension costs (defined contribution scheme)**|**This year**
**£**|**Last year**
**£**|
|---|---|---|
||-|-|
||-|-|
||||
||-|-|
||-|-|
**Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party**
_**Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.**_
**No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000**
**TRUE**
|**Band**|**Number of employees**|
|---|---|
|**£60,000 to £69,999**||
|**£70,000 to £79,999**||
|**£80,000 to £89,999**||
|**£90,000 to £99,999**||
|**£100,000 to £109,999**||
|||
|||
|||
**Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity**
## **11.2 Average head count in the year**
**The parts of the charity in which the employees work**
||**This year**
**Number**|**Last year**
**Number**|
|---|---|---|
|**Fundraising**|-|-|
|**Charitable Activities**|-|-|
|**Governance**|-|-|
|**Other**|-|-|
|**Total**|-|-|
FY 23 Annual Accounts
19
**Section C Notes to the accounts (cont)**
**11.3 Ex-gratia payments to employees and others (excluding trustees)** _**Please complete if an ex-gratia payment is made.**_
**Please explain the nature of the payment**
**Please state the legal authority or reason for making the payment**
**Please state the amount of the payment (or value of any waiver of a right to an asset)**
## **11.4 Redundancy payments**
_**Please complete if any redundancy or termination payment is made in the period.**_
**Total amount of payment**
**The nature of the payment (cash, asset etc.)**
**The extent of redundancy funding at the balance sheet date**
**Please state the accounting policy for any redundancy or termination payments**
FY 23 Annual Accounts
20
**Section C Notes to the accounts (cont)**
**Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.**
_**12.1 Please complete this note if a defined contribution pension scheme is operated.**_
**Amount of contributions recognised in the SOFA as an expense**
**Please explain the basis for allocating the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds.**
_**12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.**_
**Please confirm that altough the scheme is accounted for as a defined contribution plan, it is a defined benefit plan.**
**Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity**
_**12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.**_
**Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms and conditions of the multi-employer plan**
FY 23 Annual Accounts
21
**Section C Notes to the accounts (cont)**
## **Note 13 Grantmaking**
_**Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.**_
## **13.1 Analysis of grants paid (included in cost of charitable activities)**
|**Analysis**|~~**Grants to**~~
**institutions**|~~**Grants to**~~
**individuals**|**Support costs**|**Total**|
|---|---|---|---|---|
|Activityorproject 1|||**£**|**£**|
|Activityorproject 2|||-|-|
|Activityorproject 3|||-|-|
|Activityorproject 4|||-|-|
|**_Total_**|**-**|**-**|**-**|**-**|
## _**Please enter “Nil” if the charity does not identify and/or allocate support costs.**_
## **13.2 Grants made to institutions**
|**13.2 Grants made to institutions**|**13.2 Grants made to institutions**|||
|---|---|---|---|
|**_My charity has made grants to particular institutions that are material in_**
**_the context of its grantmaking. Details of the institution supported,_**
**_purpose of the grant and total paid to each institution is available on_**
**_the charity's web site._**||**_Yes_**|**_Please provide_**
**_details of charity's_**
**_URL._**|
|||**_No_**|**_Provide details_**
**_below_**|
|||||
|**Names of institution**|**Purpose**||**Total amount of**
**grantspaid £**|
||||-|
||||-|
||||-|
||||-|
||||-|
||||-|
||||-|
||||-|
||||-|
||||-|
|**_TOTAL GRANTS PAID_**
**_Other unanalysed grants_**
**_Total grants to institutions in reporting period_**|||**-**|
||||-|
||||-|
FY 23 Annual Accounts
22
**Section C Notes to the accounts (cont)**
## **Note 14 Tangible fixed assets** _**Please complete this note if the charity has any tangible fixed assets**_
## **14.1 Cost or valuation**
|At the beginning of
the year
Additions
Revaluations
Disposals
Transfers *
At end of the year|**Freehold land**
**& buildings**
**£**|**Other land &**
**buildings**
**£**|**Plant,**
**machinery and**
**motor vehicles**
**£**|
**Fixtures,**
**fittings and**
**equipment**
**£**|**Total**
**£**|
|---|---|---|---|---|---|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
## **14.2 Depreciation and impairments**
|****Basis**
**** Rate**
At beginning of the
year
Disposals
Depreciation
Impairment
Transfers*
At end of the year
Net book value at the
beginning of the year
Net book value at the
end of the year
**14.3 Net book value**|SL or RB|SL or RB|SL or RB|SL or RB|SL or RB|Straight Line
("SL") or
Reducing
Balance
("RB")|
|---|---|---|---|---|---|---|
||||||||
||- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -||||||
||-|-|-|-|-||
||-|-|-|-|-||
## **14.4 Impairment**
_**Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_
FY 23 Annual Accounts
23
**Section C Notes to the accounts (cont)**
## **14.5 Revaluation**
_**If an accounting policy of revaluation is adopted, please provide:**_
_**the effective date of the revaluation**_
_**the name of independent valuer, if applicable**_
_**the methods applied and significant assumptions the carrying amount that would have been recognised had the assets been carried under the cost model.**_
## **14.6 Other disclosures**
_**(i) Please state the amount of borrowing costs, if any, capitalised in the construction of tangible fixed assets and the capitalisation rate used.**_
_**(ii) Please provide the amount of contractual commitments for the acquisition of tangible fixed assets.**_
_**(iii) Details of the existence and carrying amounts of property, plant and equipment to which the charity has restricted title or that are pledged as security for liabilities.**_
_* The "transfers" row is for movements between fixed asset categories._
_** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction._
FY 23 Annual Accounts
24
**Section C Notes to the accounts (cont)**
## **Note 15 Intangible assets** _**Please complete this note if the charity has any intangible assets**_
## **15.1 Cost or valuation**
|At beginning of the
year
Additions
Disposals
Revaluations
Transfers *
At end of the year|**Research &**
**development**
**£**|**Patents and**
**trademarks**
**£**|**Other**
**£**|**Total**
**£**|
|---|---|---|---|---|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
## **15.2 Amortisation and impairments**
|****Basis**
**** Rate**
At beginning of the
year
Disposals
Amortisation
Impairment
Transfers*
At end of year
Nat book value at the
beginning of the year
Net book value at the
end of the year
**15.3 Net book value**|SL or RB|SL or RB|SL or RB|SL or RB|Straight Line
("SL") or
Reducing
Balance
("RB")|
|---|---|---|---|---|---|
|||||||
||- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -|||||
||-|-|-|-||
||-|-|-|-||
## **15.4 Accounting policy**
_**Please disclose the accounting policy for intangible fixed assets including: Reasons for choosing amortisation rates Policies for the recognition of any capital development**_
FY 23 Annual Accounts
25
**Section C Notes to the accounts (cont)**
## **15.5 Impairment**
_**Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_
## **15.6 Revaluation**
_**If an accounting policy of revaluation is adopted, please provide:**_
_**the effective date of the revaluation**_
_**the name of independent valuer, if applicable**_
_**the methods applied**_
_**the carrying amount that would have been recognised had the assets been carried under the cost model.**_
## **15.7 Other disclosures**
_**(i) If your intangible asset was acquired by way of grant, provide value on initial recognition and carrying amount of the asset. (ii) Details of the carrying amounts of any intangible assets to which the charity has restricted title or that are pledged as security for liabilities. (iii) Please provide the amount of contractual commitments for the acquisition of intangible assets. (iv) State the amount of research and development expenditure recognised as expenditure in the year. (vi) Please detail the headings in the SOFA in which a charge for amortisation of intangible assets is included. (vii) For any material intangible assets, please provide a description, its carrying amount and any remaining amortisation period.**_
_* The "transfers" row is for movements between fixed asset categories._
_** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction._
FY 23 Annual Accounts
26
**Section C Notes to the accounts (cont)**
**Note 16 Heritage assets** _**Please complete this note if the charity has heritage assets**_
## **16.1 General disclosures for all charities holding heritage assets**
**(i) Explain the nature and scale of heritage assets held.**
**(ii) Explain the policy for the acquisition, preservation, management and disposal of heritage assets.**
## **16.2 Cost or valuation**
|**Heritage asset**
**1**
**Heritage asset**
**2**
**Heritage asset**
**3**
**Heritage asset**
**4**
**Total**
**£**
**£**
**£**
**£**
**£**
At beginning of the year
- - - - -
Additions
- - - - -
Disposals
- - - - -
Revaluations
- - - - -
Transfers *
- - - - -
At end of the year
- - - - -
****Basis**
Straight Line
("SL") or
Reducing
Balance
**** Rate**
At beginning of the year
- - - - -
Disposals
- - - - -
Depreciation
- - - - -
Impairment
- - - - -
Transfers*
- - - - -
At end of year
- - - - -
Nat book value at the beginning
of the year
- - - - -
Net book value at the end of the
year
- - - - -
**16.3 Depreciation and impairments**
**16.4 Net book value**|**Heritage asset**
**1**
**Heritage asset**
**2**
**Heritage asset**
**3**
**Heritage asset**
**4**
**Total**
**£**
**£**
**£**
**£**
**£**
At beginning of the year
- - - - -
Additions
- - - - -
Disposals
- - - - -
Revaluations
- - - - -
Transfers *
- - - - -
At end of the year
- - - - -
****Basis**
Straight Line
("SL") or
Reducing
Balance
**** Rate**
At beginning of the year
- - - - -
Disposals
- - - - -
Depreciation
- - - - -
Impairment
- - - - -
Transfers*
- - - - -
At end of year
- - - - -
Nat book value at the beginning
of the year
- - - - -
Net book value at the end of the
year
- - - - -
**16.3 Depreciation and impairments**
**16.4 Net book value**|**Heritage asset**
**1**
**Heritage asset**
**2**
**Heritage asset**
**3**
**Heritage asset**
**4**
**Total**
**£**
**£**
**£**
**£**
**£**
At beginning of the year
- - - - -
Additions
- - - - -
Disposals
- - - - -
Revaluations
- - - - -
Transfers *
- - - - -
At end of the year
- - - - -
****Basis**
Straight Line
("SL") or
Reducing
Balance
**** Rate**
At beginning of the year
- - - - -
Disposals
- - - - -
Depreciation
- - - - -
Impairment
- - - - -
Transfers*
- - - - -
At end of year
- - - - -
Nat book value at the beginning
of the year
- - - - -
Net book value at the end of the
year
- - - - -
**16.3 Depreciation and impairments**
**16.4 Net book value**|**Heritage asset**
**1**
**Heritage asset**
**2**
**Heritage asset**
**3**
**Heritage asset**
**4**
**Total**
**£**
**£**
**£**
**£**
**£**
At beginning of the year
- - - - -
Additions
- - - - -
Disposals
- - - - -
Revaluations
- - - - -
Transfers *
- - - - -
At end of the year
- - - - -
****Basis**
Straight Line
("SL") or
Reducing
Balance
**** Rate**
At beginning of the year
- - - - -
Disposals
- - - - -
Depreciation
- - - - -
Impairment
- - - - -
Transfers*
- - - - -
At end of year
- - - - -
Nat book value at the beginning
of the year
- - - - -
Net book value at the end of the
year
- - - - -
**16.3 Depreciation and impairments**
**16.4 Net book value**|**Heritage asset**
**1**
**Heritage asset**
**2**
**Heritage asset**
**3**
**Heritage asset**
**4**
**Total**
**£**
**£**
**£**
**£**
**£**
At beginning of the year
- - - - -
Additions
- - - - -
Disposals
- - - - -
Revaluations
- - - - -
Transfers *
- - - - -
At end of the year
- - - - -
****Basis**
Straight Line
("SL") or
Reducing
Balance
**** Rate**
At beginning of the year
- - - - -
Disposals
- - - - -
Depreciation
- - - - -
Impairment
- - - - -
Transfers*
- - - - -
At end of year
- - - - -
Nat book value at the beginning
of the year
- - - - -
Net book value at the end of the
year
- - - - -
**16.3 Depreciation and impairments**
**16.4 Net book value**|**Heritage asset**
**1**
**Heritage asset**
**2**
**Heritage asset**
**3**
**Heritage asset**
**4**
**Total**
**£**
**£**
**£**
**£**
**£**
At beginning of the year
- - - - -
Additions
- - - - -
Disposals
- - - - -
Revaluations
- - - - -
Transfers *
- - - - -
At end of the year
- - - - -
****Basis**
Straight Line
("SL") or
Reducing
Balance
**** Rate**
At beginning of the year
- - - - -
Disposals
- - - - -
Depreciation
- - - - -
Impairment
- - - - -
Transfers*
- - - - -
At end of year
- - - - -
Nat book value at the beginning
of the year
- - - - -
Net book value at the end of the
year
- - - - -
**16.3 Depreciation and impairments**
**16.4 Net book value**|**Heritage asset**
**1**
**Heritage asset**
**2**
**Heritage asset**
**3**
**Heritage asset**
**4**
**Total**
**£**
**£**
**£**
**£**
**£**
At beginning of the year
- - - - -
Additions
- - - - -
Disposals
- - - - -
Revaluations
- - - - -
Transfers *
- - - - -
At end of the year
- - - - -
****Basis**
Straight Line
("SL") or
Reducing
Balance
**** Rate**
At beginning of the year
- - - - -
Disposals
- - - - -
Depreciation
- - - - -
Impairment
- - - - -
Transfers*
- - - - -
At end of year
- - - - -
Nat book value at the beginning
of the year
- - - - -
Net book value at the end of the
year
- - - - -
**16.3 Depreciation and impairments**
**16.4 Net book value**|
|---|---|---|---|---|---|---|
|||||||Straight Line
("SL") or
Reducing
Balance|
||||||||
||- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -||||||
||-|-|-|-|-||
||-|-|-|-|-||
FY 23 Annual Accounts
27
## **Section C Notes to the accounts (cont)**
## **16.5 Impairment**
_**Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_
## **16.6 Revaluation**
_**If an accounting policy of revaluation is adopted, please provide:**_
_**the effective date of the revaluation**_
_**the name of independent valuer, if applicable qualifications of independent valuer**_
_**the methods applied and significant assumptions**_
_**any significant limitations on the valuation**_
## **16.7 Analysis of heritage assets by class or group distinguishing those at cost and those at valuation**
|Carrying amount at the beginning
of the period
Additions
Disposals
Depreciation/impairment
Revaluation
Carrying amount at the end of
period|**At valuation**
**Group A**
**£**|**At cost Group**
**B**
**£**|**Total**
**£**|
|---|---|---|---|
||-|-|-|
||-|-|-|
||-|-|-|
||-|-|-|
||-|-|-|
||-|-|-|
## **16.8 Heritage assets (where heritage assets are not recoignised on the balance sheet)**
**(i) Explain the reason why heritage assets have not been recognised on the balance sheet (ii) Describe the significance and nature of heritage assets.**
**(iii) Disclose information that is helpful in assessing the value of heritage assets. (iv) Explain the reason why it is not practicable to obtain a valuation of heritage assets.**
FY 23 Annual Accounts
28
**Section C Notes to the accounts (cont)**
## **16.9 Five year summary of heritage assets transactions**
||**2016**|**2015**|**2014**|**2013**|**2012**|
|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|
|**Purchases**
Group A
Group B
Group C
Other
**Donations**
Group A
Group B
Group C
Other
**Total additions**
**Charge for impairment**
Group A
Group B
Group C
Other
**Total charge for impairment**
**Disposals**
Group A - carrying amount
Group B - carrying amount
Group C
Other
**Total disposals**||||||
||-|-|-|-|-|
||-|-|-|-|-|
||-|||||
||-|||||
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||**-**|**-**|**-**|**-**|**-**|
|||||||
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||**-**|**-**|**-**|**-**|**-**|
|||||||
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||**-**|**-**|**-**|**-**|**-**|
FY 23 Annual Accounts
29
**Section C Notes to the accounts (cont)**
## **Note 17 Investment assets**
## _**Please complete this note if the charity has any investment assets.**_
## **17.1 Fixed assets investments (please provide for each class of investment)**
Carrying (fair) value at beginning of period
**Add:** additions to investments during period* **Less:** disposals at carrying value
## **Less: impairments**
## **Add: Reversal of impairments**
**Add/(deduct):** transfer in/(out) in the period **Add/(deduct):** net gain/(loss) on revaluation Carrying (fair) value at end of year
|**Cash &**
**cash**
**equivalents**|**Listed**
**investments**|**Investment**
**properties**|**Social**
**investments**|**Other**|**Total**|
|---|---|---|---|---|---|
|-|-|-|-|-|-|
|-|-|-|-|-|-|
|-|-|-|-|-|-|
|-|-|-|-|-|-|
|-|-|-|-|-|-|
|-|-|-|-|-|-|
|-|-|-|-|-|-|
|-|-|-|-|-|-|
***Please specify additions resulting from acquisitions through business combinations, if any.**
_**Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.**_
## **17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.**
## **Analysis of investments**
**Cash or cash equivalents**
**Listed investments**
**Investment properties**
**Social investments**
**Other investments**
**Total**
**Grand total (Fair value at year end+Cost less impairment)**
||||
|---|---|---|
|**Fair value at year end**|**Cost less impairment**||
|**£**|**£**||
|-|-||
|-|-||
|-|-||
|-|-||
|-|-||
|-|-||
||||
FY 23 Annual Accounts
30
**Section C Notes to the accounts (cont)**
## **17.3 If your charity holds investment properties, please complete the following note:**
**(i) Explain the methods and significant assumptions in determining the fair value of investment property held by the charity (ii) Name or independent valuer, if applicable, and relevant qualifications**
**(iii) Provide details of any restrictions on the ability to realise investment property or on the remittance of income or disposal proceeds**
**(iv) Explain any contractual obligations for the purchase, construction or development of investment property or for repairs, maintenance or enhancements**
## **17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.**
|**Analysis of current asset**
**investments**
**Cash or cash equivalents**
**Investment properties**
**Social investments**
**Listed investments**
**Other investments**
**Total**|**This year**|**Last year**|
|---|---|---|
||**£**|**£**|
||-|-|
||-|-|
||-|-|
||-|-|
||-|-|
||-|-|
||||
## **17.5 Guarantees**
**Please provide details and amount of any guarantee made to or on behalf of a third party**
**Name of the entity or entities benefitting from those guarantees**
**Please explain how the guarantee furthers the charity's aims**
FY 23 Annual Accounts
31
## **Section C Notes to the accounts (cont)**
## **17.6 Concessionary loans**
|
**Amount of concessionary loans made**
**(****_Multiple loans made may be disclosed in_**
**_aggregate provided that such aggregation does_**
**_not obsure significant information_ ).**
**Terms and conditions eg interest rate,**
**security provided**
**Value of any concessionary loans which**
**have been committed but not taken up at the**
**reporting date**
**Amounts payable within 1 year**
**Amount of concessionary loans received**
**_(Multiple loans received may be disclosed in_**
**_aggregate provided that such aggregation does_**
**_not obsure significant information)._**
**For all investments measured at fair value,**
**the basis for determining the value, including**
**any assumptions applied when using a**
**valuation technique.**
**17.7 Additional information**
**Please provide information about the**
**significance of investments to the charity's**
**financial position or performance eg. terms**
**and conditions of loans or the use of**
**hedging to manage financial risk.**
**Amounts receivable after more than 1 year**
**Amounts payable after more than 1 year**
**Amounts receivable within 1 year**
**Where a charity has provided financial**
**assets as a form of security, the carrying**
**amount of the financial asset pledged as**
**security and the terms and conditions**
**relating to its pledge.**|**_Description_**|**This year £**|**Last year £**|
|---|---|---|---|
|||||
|||||
|||||
|||||
||**_Total_**|||
|||||
||**_Description_**|**This year £**|**Last year £**|
|||||
|||||
|||||
||**_Total_**|||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
FY 23 Annual Accounts
32
**Section C Notes to the accounts (cont)**
## **Note 18 Stocks**
## _**Please complete this note if the charity holds any stock items**_
## **18.1 Please state the carrying amount of stock and work in progress analysed between activities.**
|**Charitable activities:**
**_Opening_**
**_Added in period_**
**_Expensed in period_**
**_Impaired_**
**_Closing_**
**Other trading activities:**
**_Opening_**
**_Added in period_**
**_Expensed in period_**
**_Impaired_**
**_Closing_**
**Other:**
**_Opening_**
**_Added in period_**
**_Expensed in period_**
**_Impaired_**
**_Closing_**
**Total this year**
**_Total previous year_**|**Stock**|**Stock**|**Donated goods**|**Donated goods**|**Work in**
**progress**|
|---|---|---|---|---|---|
||**For**
**distribution**|**For resale**|**For**
**distribution**|**For resale**||
||**£**|**£**|**£**|**£**|**£**|
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||**-**|**-**|**-**|**-**|**-**|
|||||||
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||**-**|**-**|**-**|**-**|**-**|
|||||||
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||**-**|**-**|**-**|**-**|**-**|
||-|-|-|-|-|
||-|-|-|-|-|
**18.2 Please specify the carrying amount of any stocks pledged as security for liabilities**
FY 23 Annual Accounts
33
## **Section C Notes to the accounts (cont)**
## **Note 19 Debtors and prepayments**
## _**Please complete this note if the charity has any debtors or prepayments.**_
|**_Please complete this note if the charity has any_**
**_debtors or prepayments._**
**Note 19 Debtors and prepayments**|||
|---|---|---|
|**19.1 Analysis of debtors**
**Trade debtors**
**Prepayments and accrued income**
**Other debtors**
**Total**|**This year**
**£**|**Last year**
**£**|
||-|-|
||-|-|
||4,440|3,540|
||4,440|3,540|
## _**Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.**_
## **19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)**
|**19.2 Analysis of debtors recoverable in more than 1 year (included in debtors**|**above)**||
|---|---|---|
|**Total**
**Prepayments and accrued income**
**Other debtors**
**Trade debtors**|**This year**
**£**|**Last year**
**£**|
||-|-|
||-|-|
||-|-|
||-|-|
||-|-|
FY 23 Annual Accounts
34
**Section C Notes to the accounts (cont)**
## **Note 20 Creditors and accruals**
_**Please complete this note if the charity has any creditors or accruals.**_
## **20.1 Analysis of creditors**
|**Accruals for grants payable**
**Bank loans and overdrafts**
**Trade creditors**
**Payments received on account for contracts or**
**performance-related grants**
**Accruals and deferred income**
**Taxation and social security**
**Other creditors**
**Total**|**Amounts falling due**
**within oneyear**|**Amounts falling due**
**within oneyear**|**Amounts falling due after**
**more than oneyear**|**Amounts falling due after**
**more than oneyear**|
|---|---|---|---|---|
||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||4,440|3,540|-|-|
||-|-|-|-|
||-|-|-|-|
||4,440|3,540|-|-|
## **20.2 Deferred income**
_**Please complete this note if the charity has deferred income.**_
## _**Please explain the reasons why income is deferred.**_
|**_Movement in deferred income account_**
**Balance at the start of the reporting period**
**Amounts added in current period**
**Amounts released to income from previous periods**
**Balance at the end of the reporting period**|**This year**
**£**|**Last year**
**£**|
|---|---|---|
||-|-|
||-|-|
||-|-|
||-|-|
FY 23 Annual Accounts
35
**Section C Notes to the accounts (cont)**
## **Note 21 Provisions for liabilities and charges**
_**Please complete this note if you have included in charity expenditure any provisions. A provision is made when the charity has a liability of uncertain timing or amount.**_
**----- Start of picture text -----**
21.1 Please provide:
- a brief description of any obligations on the
balance sheet and the expected amount and timing
of resulting payments;
- an indication of the uncertainties about the amount
or timing of those outflows; and
- the amount of any expected reimbursement,
stating the amount of any asset that has been
recognised for that expected reimbursement.
**----- End of picture text -----**
## **21.2 Movements in recognised provisions and funding commitment during the period**
**----- Start of picture text -----**
This year Last year
£ £
Balance at the start of the reporting period - -
Amounts added in current period - -
Amounts charged against the provision in the current period - -
Unused amounts reversed during the period - -
- -
Balance at the end of the reporting period
**----- End of picture text -----**
**----- Start of picture text -----**
21.3 For any funding commitment that is not
recognised as a liability or provision, provide details
of commitment made, the time frame of that
commitment, any performance-related conditions
and details of how the commitment will be funded
(with contracts for capital expenditure separately
identified).
21.4 Where unrestricted funds have been designated
to a fund commitment, please disclose the nature of
any amounts designated and the likely timing of that
expenditure.
**----- End of picture text -----**
FY 23 Annual Accounts
36
**Section C Notes to the accounts (cont)**
## **Note 22 Other disclosures for debtors, creditors and other basic financial instruments**
**22.1 Please provide information about the significance of financial instruments (eg. debtors, creditors, investments etc) to the charity's financial position or performance, for example, the terms and conditions of loans or the use of hedging to manage financial risk.**
In Note 19, the amounts due from "Other Debtors" for both last year and this year wholly related to one organization - In Touch Ministries US.
**22.2 If the charity has provided financial assets as a form of security, the carrying amount of the financial assets pledged as security and the terms and conitions related to its pledge should be given here.**
Not applicable
FY 23 Annual Accounts
37
**Section C Notes to the accounts (cont)**
## **Note 23 Contingent liabilities and contingent assets**
## **23.1 Contingent liabilities**
**Where the charity has contingent liabililities, please complete the following section unless the possibility of their existence is remote.**
**Description of item including its legal nature. Please Estimate of financial effect describe any security provided in connection to the liability.**
## **23.2 Contingent assets**
## **Where the charity has contingent assets, please complete the following section when their existence is probable**
**Description of item Estimate of financial effect**
**23.4 Other disclosures for contingent assets and/or liabilities Please provide the following information where practicable:**
**Explain any uncertainties relating to the amount or timing of settlement; and the possibilty of any reimbursement**
**Where it is not practical to make one or more of these disclosures, please state this fact**
FY 23 Annual Accounts
38
## **Section C Notes to the accounts (cont)**
## **Note 24 Cash at bank and in hand**
|**Note 24 Cash at bank and in hand**||||
|---|---|---|---|
|**Other**
**Cash at bank and on hand**
**Total**
**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**|**This year**
**£**|**Last year**
**£**||
||-|-||
||-|-||
||415,230|360,258||
||-|-||
||415,230|360,258||
FY 23 Annual Accounts
39
**Section C Notes to the accounts (cont)**
## **Note 25 Fair value of assets and liabilities**
**25.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks.**
In Touch Ministries of the UK's only exposure relates to cash, which is minimal as a result of banking with major financial institutions who have deposit insurance under the Financial Services Compensation Scheme.
Not applicable
**25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.**
FY 23 Annual Accounts
40
**Section C Notes to the accounts (cont)**
## **Note 26 Events after the end of the reporting period**
_**Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.**_
**Please provide details of the nature of the event**
**Provide an estimate of the financial effect of the event or a statement that such an estimate cannot be made**
FY 23 Annual Accounts
41
## **Section C Notes to the accounts (cont)**
## **Note 27 Charity funds**
## **27.1 Details of material funds held and movements during the CURRENT reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.**_
## _*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
|**Fund names**|**Type PE,**
**EE R or**
**UR ***|**Purpose and**
**Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Gains and**
**losses**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**|
|---|---|---|---|---|---|---|---|---|
|Unrestricted
funds|UR|Norestrictions|360,258|219,418|- 164,446|-|-|415,230|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
|**_Other funds_**|**N/a**|**N/a**|-|-|-|-|-|-|
|**Total Funds**|||360,258|219,418|- 164,446|-|-|415,230|
FY 23 Annual Accounts
42
## **Section C Notes to the accounts (cont)**
## **Note 27 Charity funds (cont)**
## **27.2 Details of material funds held and movements during the PREVIOUS reporting period**
## _**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.**_
## _*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
|**Fund names**|**Type PE,**
**EE R or**
**UR ***|**Purpose and**
**Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Gains and**
**losses**
**£**|
**Fund**
**balances**
**carried**
**forward**
**£**|
|---|---|---|---|---|---|---|---|---|
|Unrestricted
funds|UR|Norestrictions|360,258|198,160|- 148,253|-|-|410,165|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
||||-|-|-|-|-|-|
|**_Other funds_**|N/a|N/a|-|-|-|-|-|-|
|**Total Funds**|||360,258|198,160|- 148,253|-|-|410,165|
FY 23 Annual Accounts
43
**Section C Notes to the accounts (cont)**
## **Note 27 Charity funds (cont)**
## **27.3 Transfers between funds**
||**Reason for transfer and where endowment is converted to**
**income, legalpower for its conversion**|**Amount**|
|---|---|---|
|Between unrestricted and
restricted funds|||
|Between endowment and
restricted funds|||
|Between endowment and
unrestricted funds|||
||||
## **27.4 Designated funds**
**Planned use Purpose of the designation Amount**
FY 23 Annual Accounts
44
**Section C Notes to the accounts (cont)**
## **Note 28 Transactions with trustees and related parties**
_**If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.**_
## **28.1 Trustee remuneration and benefits**
**None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)**
FALSE
_**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company**_
|**Name of trustee**|**Legal authority (eg**
**order, governing**
**document)**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|
|---|---|---|---|---|---|---|
|||**This year**||||**Last year**|
|||**Remuneration**|**Pension**
**contribution**
|**Redund**
**ancy**
**(includi**
**ng loss**
~~**of**~~|**Other**|
**TOTAL**|
|||**£**|**£**||**£**|**£**|
|**Charles Phillip Bowen**|**Chairman**||||||
||||||||
||||||||
||||||||
_**Please give details of why remuneration or other employment benefits were paid.**_
**Mr. Bowen is provided remuneration and certain other employment benefits by In Touch Ministries, Inc. (ITM-US) for services performed as CEO of ITM-US. No remuneration, or employment benefits, are provided to Mr. Bowen for services performed as a trustee for In Touch Ministries of the UK.**
_**Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.**_
**Not applicable**
FY 23 Annual Accounts
45
**Section C Notes to the accounts (cont)**
## **28.2 Trustees' expenses**
_**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_
|**_report, please enter "False"._**|||
|---|---|---|
|**No trustee expenses have been incurred (True or False)**||_TRUE_|
||||
|**Type of expenses reimbursed**|**This year**|**Last year**|
||**£**|**£**|
|**Travel**|||
|**Subsistence**|||
|**Accommodation**|||
|**Other (please specify):**|||
||||
|**TOTAL**|-||
**Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity**
FY 23 Annual Accounts
46
**Section C Notes to the accounts (cont)**
## **28.3 Transaction(s) with related parties**
## _**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.**_
|||||||||
|---|---|---|---|---|---|---|---|
|**There have been no related party transactions in the reporting period (True or False)**||||||_FALSE_||
|||||||||
|**Name of the trustee**
**or related party**|**Relationship**
**to charity**|**Description of the**
**transaction(s)**|**Amount**|**Balance at**
**period end**|**Provision for bad**
**debts at period**
**end**||**Amounts**
**written off**
**during**
**reporting**
**period**
|
||||**£**|**£**|**£**||**£**|
|**In Touch Ministries (US)**|Affiliated Entity|Grants for services to
conduct charitable
activities|163,547|
0|0||0|
|**In Touch Ministries (US)**|Affiliated Entity|Debtor|4,440|4,440|
0||0|
_**In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.**_
_**For any related party, please provide details of any guarantees given or received.**_
FY 23 Annual Accounts
47
**Section C Notes to the accounts (cont)**
## **Note 29 Additional Disclosures**
**The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.**
In Touch Ministries US ("ITM-US") is a related party to In Touch Ministries of the UK as ITM-US has the power to appoint two trustees per the In Touch Ministries of the UK's Constitution.
FY 23 Annual Accounts
48