**Charity number: 1176374 Company number: CE012734**
# **RECONCILING LEADERS NETWORK (A charitable incorporated organisation)**
## **TRUSTEES' REPORT, INDEPENDENT EXAMINER'S REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2023**
## **RECONCILING LEADERS NETWORK**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 4|
|**Independent examiner's report**|5|
|**Statement of financial activities**|6|
|**Balance sheet**|7|
|**Notes to the financial statements**|8 - 16|
## **RECONCILING LEADERS NETWORK**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023**
|**Trustees**|Canon David Porter, Chair|
|---|---|
||Rev Jesutosin Oladipo|
||Rev Christopher Russell|
|**Charity registered**
**number**
1176374
**Principal office**
Lambeth Palace
Lambeth Palace Road
London
SE1 7JU
**Independent Examiner**
Crowe U.K. LLP
55 Ludgate Hill
London
EC4M 7JW
**Bankers**
Barclays
99 Hatton Gardens
London
EC1N 8DN
**Solicitors**
Hunters
9 New Square
Lincoln's Inn
London
WC2A 3QN
**Accountants**
Charity Accounting Services
B108 Trident Business Centre
89 Bickersteth Road
London
SW17 9SH||
Page 1
## **RECONCILING LEADERS NETWORK**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023**
The Trustees of the Reconciling Leaders Network (RLN) are pleased to present their Report, which includes the Directors' Report, together with the financial statements of RLN for the year ended 31 March 2023.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is constituted as a Charitable Incorporated Organisation. Its governing document is its memorandum and articles of association.
## **Organisational structure**
Governance: The Trustees are appointed for fixed terms and, by mutual consent, may be reappointed. Trustees are recruited with regard to their respective areas of knowledge, skills and experience. There is a comprehensive pre-appointment briefing and an induction process for new Trustees. On-going training is made available to Trustees as required.
RLN is led by Kiera Phyo (Director of RLN) who reports to the Board of Trustees.
Management and administration: RLN is administered by Rebecca Stewart who provides charity office administration services and company secretarial duties under a contract with RLN. Charity Accounting Services provide book-keeping and accounting services to RLN.
## **ACHIEVEMENT AND PERFORMANCE**
The vision of the Archbishop of Canterbury's Reconciliation Ministry is for the church to be a reconciling presence in the midst of conflict. RLN's purpose is to train, equip and inspire a generation to live as peacemakers and reconcilers for a just and flourishing society, for the public benefit, both internationally and nationally.
During this period, the RLN team have continued to focus on developing the 'Difference' course, evaluating its effectiveness, training hosts to deliver the resource, developing the digital platform and creating content for different contexts. By the end of 2022/23, the Difference course was translated into three languages (Spanish, Portuguese and French) and its training and equipping of leaders and individuals was accessed in over 75 countries, reaching 15,000 people, including over 300 people in prison. _Difference_ has doubled its engagement with churches and chaplaincies, including the launch of a prison version of the course with 29 chaplaincies setting up a course so far, allowing an estimated 300 prisoners to participate in a _Difference_ course.
The team have worked with senior church leadership to integrate reconciling practices and principles into the life and rhythm of church and community, offering the Difference course as a resource for leaders to equip their congregations and churches. A bespoke Difference programme for senior church leaders was developed for the Lambeth Conference.
Difference ‘Champions’ have been appointed to help strengthen Difference and will be a key part of future development. The Champions integrate Difference into the rhythm of their church life, run diocese-wide roll outs of the course and pioneer Difference in sectors such as prisons.
Additionally the RLN team have supported Anglican and ecumenical leaders across the world, particularly in areas of conflict. Over the last year, Archbishop Justin has undertaken peacebuilding visits to Peshawar in northern Pakistan, Ukraine and the historic joint pilgrimage with the Pope and the Moderator of the Church of Scotland to South Sudan.
Page 2
## **RECONCILING LEADERS NETWORK**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023**
## **FUTURE PLANS**
The next financial year will focus on the following areas of development and growth:
- New adaptations of Difference will be developed for further contexts, including schools, young people, interfaith groups and the wider community.
- _Difference for Schools_ – this is being developed with the Church of England Education Office (CEEO) who
- aim to fully embed Difference in primary and secondary schools across the country. A team of educators have been commissioned to adapt the material for schools. The resource will launch in February 2024.
- _Difference for Interfaith_ - scriptural reasoning resources will be piloted Q2 2023, in partnership with Rose
- Castle Foundation and Cambridge University.
- _Difference for Youth Groups_ – this is being developed in partnership with youth agencies to launch in 2024.
- _Difference for Communities_ – this includes resourcing parishes with the three reconciling habits. The
- team are working with organisations to support efforts on social cohesion and societal disagreement.
- _Difference for churches_ – the aim is to dramatically increase church and chaplaincy engagement with
- churches. There is also demand for further translation of the Difference course, it is currently being translated it into Arabic.
## **FINANCIAL REVIEW**
The total income for the period was £282,547 comprising grants and donations. The Trustees seek to continue to release the funds raised each year to fund the work of the charity. Remuneration is set by the Trustees, taking into consideration market rates of pay for similar positions. The total funds of Reconciling Leaders Network at 31 March 2023 were £155,415.
## **Reserves policy**
Taking one year with another, the Trustees seek to spend all net income as it arises. Trustees seek to maintain a sufficient base of unrestricted funds appropriate to the operation of the charity. The Trustees consider that the value of the unrestricted funds at 31 March 2023 of £155,415 meets these objectives.
## **Public benefit**
The Trustees have regard to the Charity Commission’s guidance on public benefit. Taking the Charity Commission's guidance into consideration, the Board is satisfied that the public benefit requirements have been met. The Archbishop's priority of reconciliation provides resources to encourage people in their Christian faith.
## **Going Concern**
After making appropriate enquiries, including assessments of the key risks and future budgets, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, the Trustees continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies at Note 1.
Page 3
## **RECONCILING LEADERS NETWORK**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare a statement of assets and liabilities for each financial year which give a true and fair view of the state of affairs of the charitable incorporated organisation and of the incoming resources and application of resources, including the receipts and payments, of the charitable incorporated organisation for that period. In preparing those 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 judgments and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable incorporated organisation will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy, at any time, the financial position of the charitable incorporated organisation. These enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charitable incorporated organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The make-up of the Trustee body is reviewed regularly to ensure that it is suitably skilled and diverse.
Approved by order of the members of the board of Trustees on 20th June 2023 and signed on their behalf by:
**Tosin Oladipo** Chair
Page 4
## **RECONCILING LEADERS NETWORK**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023**
## **Independent examiner's report to the Trustees of Reconciling Leaders Network ('the charity')**
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2023, which are set out on pages 6 to 15.
This report is made solely to the charity’s Trustees, as a body, in accordance with section 154 of the Charities Act 2011. My independent examiner’s work has been undertaken so that I might state to the charity’s Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity, the charity’s members as a body and the charity’s Trustees as a body for my independent examiner’s work, for this report, or for the opinions I have formed.
## **Responsibilities and basis of report**
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charity'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 ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I 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.
Signed: Tim Redwood FCA
> Dated: 3 August 2023
## **Crowe U.K. LLP**
55 Ludgate Hill London EC4M 7JW
Page 5
## **RECONCILING LEADERS NETWORK**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023**
|**Note**
**Income from:**
Donations
4
**Total income**
**Expenditure on:**
Charitable activities
5
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2023**
**£**
**282,547**
**282,547**
**244,804**
**244,804**
**37,743**
**117,672**
**37,743**
**155,415**|**Total**
**funds**
**2023**
**£**
**282,547**
**282,547**
**244,804**
**244,804**
**37,743**
**117,672**
**37,743**
**155,415**|_Total_
_funds_
_2022_
_£_
_313,000_
_313,000_|
|---|---|---|---|
||||_277,360_
_277,360_|
||||_35,640_|
||||_82,032_
_35,640_
_117,672_|
The notes on pages 8 to 16 form part of these financial statements.
Page 6
## **RECONCILING LEADERS NETWORK**
## **BALANCE SHEET AS AT 31 MARCH 2023**
|**Note**
**Fixed assets**
Tangible assets
10
**Current assets**
Debtors
11
**901**
Cash at bank and in hand
**165,507**
**166,408**
Creditors: amounts falling due within one
year
12
**(10,993)**
**Net current assets**
**Total net assets**
**Charity funds**
Unrestricted funds
13
**Total funds**
The financial statements were approved and authorised for issue by
signed on their behalf by:|**2023**
_2022_
**£**
_£_
**-**
_39_
**-**
_39_
_769_
_130,355_
_131,124_
_(13,491)_
**155,415**
_117,633_
**155,415**
_117,672_
**155,415**
_117,672_
**155,415**
_117,672_
theTrusteeson
20 June 2023
and|
|---|---|
**Tosin Oladipo** Chair
The notes on pages 8 to 16 form part of these financial statements.
Page 7
## **RECONCILING LEADERS NETWORK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **1. General information**
Reconciling Leaders Network is a charitable incorporated organisation limited by guarantee (registered number CE012734) and a registered charity in England and Wales (number 1176374). Its registered office is Lambeth Palace, Lambeth Palace Road, London, SE1 7JU.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Reconciling Leaders Network 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.
## **2.2 Going concern**
Having reviewed the financial position, the Trustees have a reasonable expectation that the charity has adequate resources to continue its activities for the foreseeable future and that there are no material uncertainties about its ability to continue. Accordingly they continue to adopt a going concern basis in preparing the financial statements.
## **2.3 Income**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
## **2.4 Expenditure**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be attributed to particular headings they have been allocated to activities on a basis consistent with the use of resource.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
## **2.5 Tangible fixed assets and depreciation**
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
Office equipment - 33%
Page 8
**RECONCILING LEADERS NETWORK**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **2. Accounting policies (continued)**
## **2.6 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.7 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.8 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
## **2.9 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost using the effective interest method. Financial assets held at amortised cost comprise cash at bank and in hand, together with trade and other debtors. Financial liabilities held at amortised cost comprise trade and other creditors.
## **2.10 Pensions**
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.
## **2.11 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 9
## **RECONCILING LEADERS NETWORK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **3. Critical accounting estimates and areas of judgement**
In the application of the Charity's accounting policies, Trustees are required to make judgments, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of revision and future periods if the revision affects the current and future periods.
In the view of the Trustees, no assumptions concerning the future or estimation uncertainty affecting assets and liabilities at the Balance Sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year.
## **4. Income from donations**
|**Unrestricted**
**funds**
**2023**
**£**
Donations
1,647
Grants
280,900
282,547
_Total 2022_
_313,000_|**Total**
**funds**
**2023**
**£**
**1,647**
**280,900**
**282,547**
_313,000_|_Total_
_funds_
_2022_
_£_
_-_
_313,000_
_313,000_|
|---|---|---|
||||
## **5. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|Charitable activities
_Total 2022_|**Restricted**
**funds**
**2023**
**Unrestricted**
**funds**
**2023**
**£**
**£**
-
244,804
_13,000_
_264,360_|**Total**
**2023**
**£**
**244,804**
_277,360_|_Total_
_2022_
_£_
_277,360_|
|---|---|---|---|
|||||
Page 10
## **RECONCILING LEADERS NETWORK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **6. Analysis of expenditure by activities**
|**Activities**
**undertaken**
**directly**
**2023**
**£**
Charitable activities
200,291
_Total 2022_
_234,921_
**Analysis of direct costs**
Staff costs
Other direct costs
**Analysis of support costs**
Depreciation
Office costs
Accounting and bookkeeping
Trust Executive
Miscellaneous costs
Governance costs: Independent Examiner's fee|**Support**
**costs**
**2023**
**£**
44,513
_42,439_|**Total**
**funds**
**2023**
**£**
**244,804**
_277,360_
**Total**
**funds**
**2023**
**£**
**130,201**
**70,090**
**200,291**
**Total**
**funds**
**2023**
**£**
**40**
**1,876**
**9,740**
**28,400**
**(1,063)**
**5,520**
**44,513**|_Total_
_funds_
_2022_
_£_
_277,360_|
|---|---|---|---|
||||_Total_
_funds_
_2022_
_£_
_149,165_
_85,756_
_234,921_|
||||_Total_
_funds_
_2022_
_£_
_738_
_1,148_
_9,000_
_26,000_
_393_
_5,160_
_42,439_|
Page 11
## **RECONCILING LEADERS NETWORK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **7. Independent examiner's remuneration**
||**2023**|_2022_|
|---|---|---|
||**£**|_£_|
|Fees payable to the charity independent examiner for the independent|||
|examination of the charity`s annual accounts|**5,520**|_5,160_|
## **8. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2023**
**£**
**111,033**
**8,064**
**11,104**
**130,201**|_2022_
_£_
_126,677_
_9,820_
_12,668_|
|---|---|---|
|||_149,165_|
The average number of persons employed by the charity during the year was as follows:
||**2023**|_2022_|
|---|---|---|
||**No.**|_No._|
|Average headcount|**2**|_3_|
No employee received remuneration amounting to more than £60,000 in either year.
The total employee benefits of key management personnel were £130,201 _(2022: £149,165)_ .
The key management personnel consists of the Reconciling Leaders Network Co-ordinator, Reconciling Leaders Network Director and Director of Peacebuilding.
## **9. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2022 - £NIL)_ .
During the year ended 31 March 2023, no Trustee expenses have been incurred _(2022 - £NIL)_ .
Page 12
## **RECONCILING LEADERS NETWORK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
|**10.**
**Tangible fixed assets**
**Cost**
At 1 April 2022
At 31 March 2023
**Depreciation**
At 1 April 2022
Charge for the year
At 31 March 2023
**Net book value**
At 31 March 2023
_At 31 March 2022_
**11.**
**Debtors**
Other debtors
**12.**
**Creditors: Amounts falling due within one year**
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income|**2023**
**£**
**901**
**2023**
**£**
**-**
**236**
**1,114**
**9,643**
**10,993**|**Office**
**equipment**
**£**
**2,607**|
|---|---|---|
|||**2,607**|
|||**2,568**
**39**|
|||**2,607**|
|||**-**|
|||_39_|
|||_2022_
_£_
_769_
_2022_
_£_
_2,448_
_3,460_
_1,103_
_6,480_
_13,491_|
Page 13
## **RECONCILING LEADERS NETWORK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **13. Statement of funds**
|**Statement of funds - current year**
**Unrestricted funds**
General Funds - all funds
**Statement of funds - prior year**
**Unrestricted funds**
General Funds - all funds
**Restricted funds**
Prison Fund
**Total of funds**
**Prison Fund**|**Balance at 1**
**April 2022**
**£**
**117,672**
_Balance at_
_1 April 2021_
_£_
_69,032_
_Balance at_
_1 April 2021_
_£_
_13,000_
_82,032_|**Income**
**£**
**282,547**
_Income_
_£_
_313,000_
_Income_
_£_
_-_
_313,000_|**Expenditure**
**£**
**(244,804)**
_Expenditure_
_£_
_(264,360)_
_Expenditure_
_£_
_(13,000)_
_(277,360)_|**Balance at**
**31 March**
**2023**
**£**
**155,415**|
|---|---|---|---|---|
|||||_Balance at_
_31 March_
_2022_
_£_
_117,672_|
|||||_Balance at_
_31 March_
_2022_
_£_
_-_|
|||||_117,672_|
||||||
This fund finances part of the salary of a staff member to support prison support activities.
Page 14
## **RECONCILING LEADERS NETWORK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **14. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|**Unrestricted**
**funds**
**2023**
**£**
Current assets
166,408
Creditors due within one year
(10,993)
**Total**
155,415|**Total**
**funds**
**2023**
**£**
**166,408**
**(10,993)**
**155,415**|
|---|---|
## **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2022_
_£_
_39_
_131,124_
_(13,491)_
_117,672_|_Total_
_funds_
_2022_
_£_
_39_
_131,124_
_(13,491)_
_117,672_|
|---|---|---|
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## **RECONCILING LEADERS NETWORK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **15. Pension commitments**
The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £11,104 _(2022: £12,688)_ . Contributions totalling £1,072 _(2022: £1,103)_ were payable to the fund at the Balance sheet date and are included in other creditors.
## **16. Related party transactions**
During the year the charity received a grant of £280,900 _(2022: £313,000)_ from The Lambeth Trust. The Lambeth Trust is a related party as there was one Trustee in common during the year ended 31 March 2022, Mr Ken Costa.
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