Charity registration number: 1171159
## 222 Ministries International
Annual Report and Financial Statements for the Year Ended 31 December 2021
## **222 Ministries International**
## **Contents**
|**Contents**||
|---|---|
|Reference and Administrative Details|1|
|Trustees' Report|2 to 5|
|Statement of Trustees' Responsibilities|6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Notes to the Financial Statements|10 to 16|
## **222 Ministries International**
## **Reference and Administrative Details**
## **Trustees**
Reverend Lazarus Yeghnazar
Dr David Lister Mrs Jane Lister Mr Edgar Allan Rich
Mr Michael John Thomas
Mr Martin John Wade Reverend Maggie Yeghnazar
## **Principal Office**
4 Castle Road Camberley Surrey GU15 2DS
## **Charity Registration Number**
1171159
## **Independent Examiner**
Kolade Andrew Alli ACMA KARE Financial Management Consultants Ltd 10 Gatcombe Gardens West End, Hampshire SO18 3NA
Page 1
## **222 Ministries International**
## **Trustees' Report**
The Trustees have pleasure in presenting their report and the financial statements for the year ended 31st December 2021. The Directors 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 the Republic of Ireland (FRS 102) (effective 1 January 2015).
## **Structure, Governance and Management**
## _Constitution and Objectives_
The Charity is constituted under a CIO Foundation Constitution dated 17th January 2017 and is a Charitable Incorporated Organisation (the Charity) registered in England and Wales, No. 1171159. The objects of the Charity are:
- To advance the Christian faith for the benefit of all people in accordance with the statement of beliefs in such parts of the world as the Trustees consider appropriate;
- To provide charitable support and relief to people in such parts of the world as the Trustees consider appropriate, and;
- To further other such charitable purposes as the Directors from time to time consider appropriate.
## _Organisation_
The appointment of Trustees is governed by the Constitution. Existing Directors are authorised to appoint new Directors, and to fill vacancies arising through resignation, or death, of one of their number.
Trustees meet regularly to manage the activities of the Charity. The Chairman, L.Yeghnazar, together with the International Projects Director, are primarily responsible for implementing the decisions of the Trustees.
## _Investment Powers_
The Constitution authorises the Trustees to make, and hold, investments using the general funds of the Charity. No such investments are presently held.
Page 2
## **222 Ministries International**
## **Trustees' Report**
## **Structure and Activities**
The Charity, part of the 222 Ministries International church family, is accountable under UK regulation. 222 operations are largely based in the Middle East and Europe. The Charity works in partnership with other 222 charitable bodies registered in Germany, Netherlands, Turkey and USA, each charity being accountable under their national regulation.
222 Ministries seeks to advance the Kingdom of God in Iran and amongst Farsi speakers internationally by planting churches and training and resourcing servant leaders with tools and strategic support networks that enable lasting impacts to be achieved. Activities include TV, internet and radio ministry, publications, training and conferences. Online activities include a Bible College, Apologetics Centre, Prayer Meeting and Persian Community Church. Humanitarian support is provided for refugees in the region.
The Charity has one employee and relies significantly on the fulltime voluntary work and skills of the Chairman and his wife as well as the commitment of other trustees and supporters to maintain and develop the work.
## **Achievements**
2021 was an extraordinarily challenging year for 222, in particular with the continuation of the Covid pandemic, the upheaval in Afghanistan where 222 has churches, and increasing refugee numbers in the Middle East.
The Charity engaged in the following projects and activities through financial and human resource.
- Weekly online Zoom Persian Community Church meetings in Farsi which started in 2018 continued to draw over 20,000 people each month and provided a lifeline for many isolated Farsi speakers all over the world. Additionally there are thousands who later watch the meetings on social media.
- Through 222 we estimate that over a million people in Iran heard the gospel message in 2021 with thousands actively moving forward in their journey with Christ.
- 222 continued to conduct conferences and training, some virtually, with over 800 men and women attendees.
- In partnership with Biblica, 222 provided scholars to complete the total revision of the Persian (Farsi) Living Bible, which Biblica plans to launch in 2022.
- 222 supported over 1,600 displaced Afghans in desperate need.
- • Over 1,500 refugee children in four nations were impacted by the annual Christmas Joy festivities and bespoke practical gifts provided for the children.
- Temperatures can fall below - 25 ℃ in Turkey’s Anatolian plateau. 222’s Warm Homes project provided assistance for vulnerable refugee families and individuals unable to afford the cost of heating their homes
Page 3
## **222 Ministries International**
## **Trustees' Report**
## **Financial review**
Our financial position continued to strengthen although, following an exceptional year in 2020, total income moderated to £298,868. The Charity provided funds to sustain and support many 222 International activities including Afghanistan (£82,803), Bible translation (£58,924), ministry in Turkey including rent for buildings and child nursery (£27,430), Operation Christmas Joy (£24,343), Warm Homes Support and refugee medical expenses (£19,872) and training and conferences (£15,472).
Following the move of the Chairman and his wife who had previously provided free office accommodation, the Charity moved into rented office accommodation in Camberley in April, followed by another move to Oxford in December. Despite the increase in overheads General Fund year end cash and assets increased to over £76,000, enabling us to increase the minimum reserves level to £35,000.
Global events and an inflationary environment provide challenges for us in 2022. We are confident that with current financial resources and the continuing support of our generous donors, together with faith in God’s abundant provision, the Charity has adequate funds to fulfil its objectives. We are grateful for the financial support from churches, individuals, charities and foundations.
In determining the programmes Trustees have regard for the Charity Commission’s general guidance on public benefit, including those aspects related to the relief of poverty. The Trustees ensure that the Charity’s programmes are in line with its charitable objects and aims.
Page 4
## **222 Ministries International**
## **Trustees' Report**
## **Stated Reserves Policy**
Trustees regularly review the appropriate reserves. Reserves are required because the Charity has no endowment funding and is entirely dependent for income on donor funding from year to year, which is inevitably subject to fluctuation.
Trustees consider a reserves policy of £35,000 is appropriate, representing about six months unrestricted operating costs. At the year-end unrestricted funds were £76,497, representing an excess of £41,497 on the reserves policy. The situation will continue to be monitored in 2022.
## _Risk Management and Financial Controls_
The Trustees have established risk management policies and procedures to enable them to assess the major risks faced by the Charity and to take mitigating action where appropriate. Trustees have also established financial controls to comply with good practice and to meet guidelines recommended by the Charity Commission. Policies are reviewed annually to ensure they remain appropriate to the Charity's needs and that they are aligned to the Charity's overall governance framework.
The annual report was approved by the Trustees of the charity on 16th June 2022 and signed on its behalf by:
Reverend Lazarus Yeghnazar Chair of Trustees
Page 5
## **222 Ministries International**
## **Statement of Trustees' Responsibilities**
The Trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees of the charity on 16th June 2022 and signed on its behalf by:
Reverend Lazarus Yeghnazar Chair of Trustees
Page 6
## **222 Ministries International**
## **Independent Examiner's Report to the trustees of 222 Ministries International**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2021 which are set out on pages 8 to 16.
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees of 222 Ministries International 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 222 Ministries International's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
Since 222 Ministries International's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Chartered Institute of Management Accountants UK, which is one of the listed bodies.
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 222 Ministries International as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting 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 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.
...................................... Kolade Andrew Alli ACMA
KARE Financial Management Consultants Ltd 10 Gatcombe Gardens West End, Hampshire SO18 3NA
16th June 2022
Page 7
## **222 Ministries International**
## **Statement of Financial Activities for the Year Ended 31 December 2021**
|**Statement of Financial Activities for the Year Ended 31 December**
**2021**|**Statement of Financial Activities for the Year Ended 31 December**
**2021**|
|---|---|
|**Unrestricted**
**Restricted**
**Total**
**2021**
**Total**
**2020**||
|**Note**
**£**
**£**
**£**
**£**||
|**Income and Endowments from:**||
|Charitable activities|86,783
212,085
298,868
465,074|
|**Expenditure on:**||
|Charitable activities|(65,318)
(246,349)
(311,667)
(257,950)|
|Total expenditure||
||(65,318)
(246,349)
(311,667)
(257,950)|
|Net||
|income/(expenditure)|21,465
(34,264)
(12,799)
207,124|
|Gross transfers between||
|funds|-
-
-
(23,788)|
|Net movement in funds||
||21,465
(34,264)
(12,799)
183,336|
|**Reconciliation of funds**||
|Total funds brought||
|forward|55,026
210,800
265,826
82,490|
|Total funds carried||
|forward
8|76,491
176,536
253,027
265,826|
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2020 is shown in note 8.
Page 8
## **222 Ministries International**
## **(Registration number: 1171159) Balance Sheet as at 31 December 2021**
|**(Registration number: 1171159)**
**Balance Sheet as at 31 December 2021**|**(Registration number: 1171159)**
**Balance Sheet as at 31 December 2021**|
|---|---|
|**2021**
**2020**||
|**Note**
**£**
**£**||
|**Current assets**||
|||
|Debtors
6|1,650
-|
|Cash at bank and in hand
7|251,377
265,826|
||253,027
265,826|
|**Funds of the charity:**||
|**Restricted income funds**||
|||
|Restricted funds|176,536
210,800|
|**Unrestricted income funds**||
|||
|Unrestricted funds|76,491
55,026|
|**Total funds**
8||
||253,027
265,826|
The financial statements on pages 8 to 16 were approved by the Trustees, and authorised for issue on 16th June 2022 and signed on their behalf by:
Reverend Lazarus Yeghnazar Chair of Trustees
Page 9
## **222 Ministries International**
## **Notes to the Financial Statements for the Year Ended 31**
## **December 2021**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
222 Ministries International meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Page 10
## **222 Ministries International**
## **Notes to the Financial Statements for the Year Ended 31 December 2021**
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Page 11
## **222 Ministries International**
## **Notes to the Financial Statements for the Year Ended 31 December 2021**
## **2 Income from charitable activities**
|**2**
**Income from charitable activities**|**2**
**Income from charitable activities**|
|---|---|
|**Unrestricted**||
|**General**
**Restricted**
**Total**
**2021**
**Total**
**2020**||
|**£**
**£**
**£**
**£**||
|**Income from charitable activities**||
|Gift aid|6,550
3,334
9,884
17,591|
|Donations|80,080
204,216
284,296
444,247|
|Income from trade|-
4,309
4,309
2,705|
|Miscellaneous income|153
226
379
2|
|||
||86,783
212,085
298,868
465,074|
Page 12
## **222 Ministries International**
## **Notes to the Financial Statements for the Year Ended 31 December 2021**
**3 Expenditure on charitable activities**
||**Unrestricted**|
|---|---|
|||
||**Total**
**Total**|
||**General**
**Restricted**
**2021**
**2020**|
||**£**
**£**
**£**
**£**|
|||
|Expenditure on charitable||
|
activities||
||(65,318)
(246,349)
(311,667)
(257,950)|
Page 13
## **222 Ministries International**
## **Notes to the Financial Statements for the Year Ended 31 December 2021**
## **4 Trustees remuneration and expenses**
During the 2021 financial year, the charity made the following transactions with trustees; (2020: £2,150)
Lazarus Yeghnazar - £1,512.97 - All related to essential operational work or fundraising for the Trust
Maggie Yeghnazar - £608.17 - All related to essential operational work or fundraising for the Trust
Edgar Allan Rich - £28.80 - Operational travel expenses.
No Trustees have received any other benefits from the charity during the year.
## **5 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **6 Debtors**
|**6**
**Debtors**||
|---|---|
||**2021**|
||**£**|
|Other debtors|1,650|
|**7**
**Cash and cash equivalents**||
||**2021**
**2020**|
||**£**
**£**|
|Cash at bank|251,377
265,826|
Page 14
## **222 Ministries International**
## **Notes to the Financial Statements for the Year Ended 31 December 2021**
## **8 Funds**
|**8**
**Funds**||
|---|---|
||**Balance at 31**|
||**Balance at 1**
**Incoming**
**Resources**
**December**|
||**January 2021**
**resources**
**expended**
**2021**|
||
**£**
**£**
**£**
**£**|
|**Unrestricted funds**||
|**_General_**||
|||
|General|55,027
86,788
(65,318)
76,497|
|**Restricted funds**||
|||
|Building Rent|8,705
34,337
(16,448)
26,594|
|Business Development|7,776
-
-
7,776|
|Church Planting|34,696
-
-
34,696|
|Humanitarian Relief|99,758
89,124
(101,648)
87,234|
|Ministry in Turkey|10,423
2,741
(7,241)
5,923|
|Publications Restricted|2,444
4,579
(5,014)
2,009|
|Support to Pastors|3,393
5,408
(6,382)
2,419|
|Training|-
49,802
(49,629)
173|
|TV/DVD Production|782
1,333
(92)
2,023|
|Bible Translation|35,547
24,757
(59,896)
408|
|Trainingand familysupport|7,275
-
-
7,275|
|**Total restricted funds**||
||210,799
212,081
(246,350)
176,530|
|**Total funds**||
||265,826
298,869
(311,668)
253,027|
Page 15
## **222 Ministries International**
## **Notes to the Financial Statements for the Year Ended 31 December 2021**
||**December 2021**|
|---|---|
||**Balance at**
**1 January**
**Incoming**
**Resources**
**Balance at**
**31**
**December**|
||**2020**
**resources**
**expended**
**Transfers**
**2020**|
||**£**
**£**
**£**
**£**
**£**|
|**Unrestricted funds**||
|**_General_**||
|||
|General|23,119
94,020
(61,531)
(581)
55,027|
|**Restricted funds**||
|||
|Building Rent|5,608
20,277
(17,045)
(135)
8,705|
|Business Development|7,776
-
-
-
7,776|
|Church Planting|8,395
26,800
(499)
-
34,696|
|Humanitarian Relief|10,925
135,232
(37,612)
(8,787)
99,758|
|Ministry in Turkey|7,559
31,941
(29,077)
-
10,423|
|Publications Restricted|2,076
3,101
(2,709)
(24)
2,444|
|Support to Pastors|1,368
11,842
(9,817)
-
3,393|
|Training|-
3,406
(3,539)
133
-|
|TV/DVD Production|1,246
164
(628)
-
782|
|Stocks (Publications and||
|TV/DVD)|14,418
-
-
(14,418)
-|
|222 Ministries USA|-
1,522
(1,546)
24
-|
|Bible Translation|-
122,690
(87,143)
-
35,547|
|Training and family||
|support|-
14,077
(6,802)
-
7,275|
|**Total restricted funds**||
||59,371
371,052
(196,417)
(23,207)
210,799|
|**Total funds**||
||82,490
465,072
(257,948)
(23,788)
265,826|
Page 16