## **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023**
# **TEN THOUSAND GOOD REASONS**
**CHARITY REGISTRATION NUMBER: 1181816**
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
## **TEN THOUSAND GOOD REASONS**
## **CONTENTS**
|Page 3|Legal and Administrative Information|
|---|---|
|Pages 4 to 5|Trustees' Report|
|Page 6|Statement of Financial Activities|
|Page 7|Balance Sheet|
|Pages 8 to 12|Notes to the Financial Statements|
|Page 13|Independent Examiner's Report|
2
## **TEN THOUSAND GOOD REASONS**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **CHARITY NUMBER**
1181816
**DATE OF REGISTRATION** 31st January 2019 **START OF FINANCIAL YEAR** 1st April 2022 **END OF FINANCIAL YEAR** 31st March 2023 **TRUSTEES AT 31ST MARCH 2023** S. Lewis M. Lewis D. Lewis
**LEGAL STATUS** Unincorporated Charity
## **GOVERNING INSTRUMENT**
Trust Deed as Amended by Special Resolution Dated 30th January 2019
## **OBJECTS**
The prevention or relief of poverty within the UK by providing grants or money, interest free loan or money, items, services or facilities to individuals in need and/or Charities or other organisations working to prevent or relieve poverty. The advancement of the Christian Religion within the UK and outside the UK, Worldwide by raising awareness and understanding of religious beliefs and practices, carrying out religious devotional acts, carrying out and/or supporting or contributing financially towards missionary and outreach work.
## **CORRESPONDENCE ADDRESS**
## **PRIMARY BANKERS**
19 Oakley Road Bordon Hampshire GU35 0JG Lloyds Bank Plc 25 Gresham Street London EC2V 7HN
## **INDEPENDENT EXAMINERS**
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
3
## **TEN THOUSAND GOOD REASONS**
## **TRUSTEES' REPORT**
## **FOR THE YEAR ENDED 31ST MARCH 2023**
## **Charity Activities**
TTGR’s activities have been carefully planned out giving full consideration to the Charity Commission’s public benefit guidance. Commitment to advance the Christian faith through adhering to the Charity Commission’s guidance on public benefit, specifically for charities for the advancement of religion, TTGR seeks to:
- Carry out religious devotional acts and practices.
- Raise awareness and understanding of all aspects of Christianity throughout the UK and the World.
- Contribute financially towards missionary and outreach work for Christianity.
Interest free loans are subject to the policies set out within TTGR’s policies. These applications are decided upon not only the policy documentation but if this complies with the objects specified and compliance to the Charity Commission’s guidance on public benefit.
All donations from TTGR are tested using the Charity Commissions guidance and the policies and objects of TTGR:
- Providing financial relief.
- Provision of items services or facilities.
## **Achievements & Performance**
## **Homeless & Needy**
There have been many encounters with homeless people in Guildford, Godalming, Reading, Basingstoke, Southampton and Folkstone, (to name a few). Upon talking to people TTGR has been able to discuss Christianity with them and demonstrate God’s love for them by providing:
- Meals and supplies (such as sanitary products).
- Equipment (such as duvets, clothing etc.).
- Paying for sheltered accommodation.
## **UK Families & Individuals**
TTGR has provided a means of relief through:
- Payment of bills.
- Purchasing a car.
- Paying for car repairs.
- Clearing/reducing debt.
- Providing groceries.
- Helping with transportation.
## **Missionaries**
TTGR supports three missionaries in India who are facing persecution daily due to their Christian faith, but continue to God’s work. There have been Churches planted by our brothers in India who are not only Church planting but running Bible Colleges and supporting their students throughout the year with housing and food. There is training and support after graduation to further the ministry.
The Indian missionaries have built a water well for all in their local community after access was denied to any Christians in the local area to the wells owned by the non-Christians. Clothing, bedding, food and medicine has been provided to the poor by missionary workers in India. They have managed to get resources to people who would have otherwise been left to die due to flooding and COVID lockdowns preventing food transportation.
## **Outreach**
Opportunity to bring evangelism to the streets has been successful giving out 100’s of free Bibles and encountering many people interested in hearing the good news of Jesus Christ.
4
TEN THOUSAND GOOD REASONS
TRUSTEES. REPORT Icontinuedl
FOR THE YEAR ENDED 31ST MARCH 2023
TruBtee8' Responslbllltles
The Charilfds Act 2011 rwLlres th8 L8$ fK*nti31 G131BrnBr*s 8a¢h ar which gv8 a true 8ThY f8Y
vivw ol the stole ofaffairs ol CY ofllt cl Ihe Cb8nty fr¢ Ihat ITr tte faTrrAal 5latetnenls
th8 trust88s are rèwred lo".
. M*ejutlgemenis and esti18$ Ihai are ¢ea8th1* ar%1 Kmxltrnt
. prepa fmantyal statements on wrmj crKtem J)85is unkns is to Ihai the Irusl wlll
The Iru8lees are res*e Ic¢ leerry rycper XC(thllg record& *tw¢h ¢Jtcb#8 vmth rea*ATh Briurjcy al jny lirre tho
financwl tx)wliw ol Ihe Charity. TW we 50 re¥KWtle lor s818gu¥¢iry th8 ass c4 the ctY and hence lor takino
$iop8 prv%*ntrffi dBteCtl Offroar¥j o¢tw Krogth'lie&
21" Ao&o&T 202.3.....................................................................
A[e£l byt1 Tnjslees .. ....
on Ihew b8h8llby Trte8.....
Prlnled Namw.
SIAr4 LE
## **TEN THOUSAND GOOD REASONS**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023**
|**Notes**
**INCOMING RESOURCES**
**Incoming Resources from Generated Funds**
Donations, Grants & Legacies
**3a**
Other Incoming Resources
**3b**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**Costs of Generating Funds**
Cost of Charitable Activities
**4a**
Governance Costs
**4b**
**TOTAL RESOURCES EXPENDED**
**NET INCOMING (OUTGOING) RESOURCES**
Funds Brought Forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2022/23**
**2021/22**
£
£
£
£
30,102
-
30,102
34,089
58
-
58
602
**30,160**
**-**
**30,160**
**34,691**
25,606
-
25,606
32,801
650
-
650
550
**26,256**
**-**
**26,256**
**33,351**
**3,904**
**-**
**3,904**
**1,340**
3,759
-
3,759
2,419
**7,663**
**-**
**7,663**
**3,759**|
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 8 to 12 form part of these financial statements.
6
TEN THOUSAND GOOD REASONS
BALANCE SHEET
AS AT 31ST MARCH 2023
Total
31-Mar-23
Total
31-Mar-22
FurM18
Fur
Flxed Assets
TangikAe Assets
Inve51fflenls
Total Flxed
Curr•nt A•a•ti
D8bior8 & PreyMentS
C4$h at Bank In H
Total CueTht Ass•tA
42S4
4.059
8.Jt3
4.254
4,059
8.313
2.325
4.309
Cr•dllor¥'. AJrK)unts falir¥J duB
*ar
NET CURRENT ASSETS
7.663
3,759
TOTAL ASSETS knBcvrront I8bBI
7.663
7.663
3,7S9
Cr•dllor•'. Amwnls faIn9 dLWJ in than
year
10
NET ASSETS
7.863
7.663
3.759
Fundi ol Ih•Charlty
Ggneral Fund5
Reslricled Fund
7.663
3,759
Total Fundi
7.863
7.863
3,759
AFproved by I Tru8te88 on .. ..
ned l*hltsYTl$1ee........
Printèd Nar*'.
## **TEN THOUSAND GOOD REASONS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of Preparation & Assessment of Going Concern**
## **Basis of Preparation**
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
## **Assessment of Going Concern**
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
## **Incoming Resources**
## _**Recognition of Incoming Resources**_
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
## _**Incoming Resources with Related Expenditure**_
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
## _**Grants and Donations**_
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
## _**Tax Reclaims on Donations and Gifts**_
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
## _**Contractual Income and Performance Related Grants**_
This is only included in the SOFA once the related goods or services have been delivered.
## _**Gifts in Kind**_
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
## _**Donated Services and Facilities**_
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
## _**Volunteer Help**_
The value of any voluntary help received is not included in the accounts.
## _**Investment Income**_
This is included in the accounts when receivable.
## _**Investment Gains and Losses**_
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
8
## **TEN THOUSAND GOOD REASONS**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023**
## **1. ACCOUNTING POLICIES (continued)**
## **Expenditure and Liabilities**
## _**Liability Recognition**_
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
## _**Governance Costs**_
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.
## _**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**_
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
## _**Investments**_
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
## _**Unrestricted funds**_
These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.
## _**Restricted funds**_
These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes.
## _**Designated funds**_
These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects.
## _**Fixed Assets**_
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
## _**Depreciation Expense**_
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:
Fixtures, Fittings and Equipment
25% - Straight Line Basis
## **2. TANGIBLE FIXED ASSETS**
The CIO held no fixed assets during this or the previous financial period.
The annual commitments under non-cancelling operating leases and capital commitments are as follows:
31st March 2023 : None
31st March 2022 : None
9
## **TEN THOUSAND GOOD REASONS**
**NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023**
## **3. INCOMING RESOURCES**
|**a) Donations, Grants & Legacies**
Gifts & Donations
**b) Other Incoming Resources**
Refunds|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2022/23**
**2021/22**
£
£
£
£
30,102
-
30,102
34,089
**30,102**
**-**
**30,102**
**34,089**
58
-
58
602
**58**
**-**
**58**
**602**|
|---|---|
## **4. RESOURCES EXPENDED**
|**a) Cost of Charitable Activities**
Administrative Expenses
Books & Publications
Financial Relief
Foreign Missions
Gifts & Donations
Homeless Support
**b) Governance Costs**
Independent Examiners Fees
**9**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2022/23**
**2021/22**
£
£
£
£
200
-
200
250
-
-
-
306
3,296
-
3,296
3,920
14,576
-
14,576
25,953
5,828
-
5,828
720
1,706
-
1,706
1,652
**25,606**
**-**
**25,606**
**32,801**
650
-
650
550
**650**
**-**
**650**
**550**|
|---|---|
10
## **TEN THOUSAND GOOD REASONS**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023**
## **5. RESTRICTED FUNDS**
The CIO held no Restricted Funds during this or the previous financial period.
## **6. INVESTMENTS**
The CIO held no fixed assets investments during this or the previous financial period.
## **7. CASH AT BANK AND IN HAND**
||Unrestricted|Restricted|**Total**|**Total**|
|---|---|---|---|---|
||Fund|Fund|**31-Mar-23**|**31-Mar-22**|
||£|£|**£**|**£**|
|Cash at Bank & in Hand|4,059||-
4,059|1,984|
||**4,059**||**-**
**4,059**|**1,984**|
|**8. DEBTORS AND PREPAYMENTS**
Loans|Unrestricted
Fund
£
4,254|Restricted
Fund
£|**Total**
**31-Mar-23**
**£**
-
4,254|**Total**
**31-Mar-22**
**£**
2,325|
||**4,254**||**-**
**4,254**|**2,325**|
|**9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Independent Examiners Fees|Unrestricted
Fund
£
650|Restricted
Fund
£|**Total**
**31-Mar-23**
**£**
-
650|**Total**
**31-Mar-22**
**£**
550|
||**650**||**-**
**650**|**550**|
## **10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR**
The CIO held no long term liabilities during this or the previous financial period.
## **11. NET ASSETS BETWEEN FUNDS**
|Fixed Asset Investments
Net Current Assets
Long Term Liabilities|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Mar-23**
**31-Mar-22**
£
£
£
£
-
-
-
-
7,663
-
7,663
3,759
-
-
-
-
**7,663**
**-**
**7,663**
**3,759**|
|---|---|
11
## **TEN THOUSAND GOOD REASONS**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023**
## **12. STAFF COSTS AND NUMBERS**
The CIO employed no members of staff during this or the previous financial period.
## **13. TRUSTEES AND OTHER RELATED PARTIES**
The only payments made to the Trustees consisted of reimbursements of expenses incurred in furthering the Charity's objects and no direct benefits were received by the Trustees or any related parties during the financial period.
No other payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.
## **14. RISK ASSESSMENT**
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
## **15. RESERVES POLICY**
The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
## **16. PUBLIC BENEFIT**
The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake
12
TEN THOUSAND GOOD REASONS
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
Report to th8 truBt88sI rn8rn of Tgn Th)usand Gcod Rea8(MK8 on the accounts for the year end 31st March 2023 set
out on pages 6 to 12.
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