# **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022**
## **TORCH MINISTRIES**
(Charitable Incorporated Organisation)
**CHARITY REGISTRATION NUMBER: 1185446**
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
1
## **TORCH MINISTRIES**
(Charitable Incorporated Organisation)
## **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
## **TORCH MINISTRIES**
(Charitable Incorporated Organisation)
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **CHARITY NUMBER**
**CHARITY NUMBER** 1185446 **DATE OF REGISTRATION** 23rd September 2019 **START OF FINANCIAL YEAR** 1st April 2021 **END OF FINANCIAL YEAR** 31st March 2022 **TRUSTEES AT 31ST MARCH 2022** Malcom Steer Samuel Bazmjou Patrick Wright
**LEGAL STATUS** Charitable Incorporated Organisation
## **GOVERNING INSTRUMENT**
CIO - Foundation Registered 23rd September 2019
## **OBJECTS**
1. The advancement of the Christian faith in such ways as the charity trustees may from time to time decide. 2. The relief of those in need by reason of poverty or social disadvantage, including via professional counselling to achieve and sustain positive mental health.
## **CORRESPONDENCE ADDRESS**
Torch Ministries PO Box 533 Farnborough Surrey GU14 4HN
## **PRIMARY BANKERS**
## **INDEPENDENT EXAMINERS**
Barclays Bank Plc 54 Cornmarket Street Oxford OX1 3HB Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
3
## **TORCH MINISTRIES**
(Charitable Incorporated Organisation)
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2022**
The trustees, who are also directors, present their report and accounts for the year ended 31st March 2022. The trustees who served during the period and up to the date of this report are set out on page 3.
## **Structure, Governance and Management**
Torch Ministries is a registered charity and is governed by the Governing Document the CIO - Foundation Registered 23rd September 2019.
## **Objects**
1. The advancement of the Christian faith in such ways as the charity trustees may from time to time decide. 2. The relief of those in need by reason of poverty or social disadvantage, including via professional counselling to achieve and sustain positive mental health.
## **Activities**
In pursuance of these objectives, we have professional counselling & psychotherapy for women and couples, discipleship, leadership & Bible training for churches, church leaders & disciple-makers, as well as women's ministry, media ministry and consultancy. All our Christian activities and goals are for public benefit including serving ethnic refugees.
## **Christian Psychotherapeutic Counselling, and Trauma Counselling for Young Girls, Women and Couples**
We continue to provide and offer many professional psychotherapeutic counselling, and trauma counselling sessions to young girls, women and couples, who have various mental health issues and come from abusive, vulnerable, domestic violence, traumatic and drug addiction backgrounds. We have provided group counselling also. Our counsellor is a member of British Association for Counselling and Psychography BACP-UK. Furthermore, our charitable purpose is to help vulnerable and abused women/people e.g., from traumatic backgrounds, to deal with their mental health and personal issues on a deeper level, to be transformed and be healthier mentally and socially. We also offer a mentoring and post counselling service.
## **Discipleship, Leadership & Bible Training**
We have run online and in person training conferences, meetings, seminars and workshops for churches, church leaders & disciple-makers to strengthen, equip and train them. Our charitable purpose is to help individuals and groups to grow in their Christian faith, be trained and become persons who grow in maturity and understanding, and are able to offer better Christian services to others.
## **Media**
We have broadcast, disseminated and produced Bible, discipleship, spiritual formation and theological (practical theology) teachings via satellite TV, podcast & video, and social media for Christians and non-Christians. Our charitable purpose is to help people to better understand the Christian faith and doctrine and also be trained Biblically and theologically (formational). Ultimately this will be reflected in their personal life and character, making them better able to serve others in various dimensions.
## **Women’s Ministry**
We have continued to provide ministry to women who have experienced, oppression, abuse or trauma. We had several discipleship and Bible training conferences, providing discipleship and systematic Bible trainings for women. Our charitable purpose is to help women in different age ranges to be trained, transformed and to grow in their Christian faith and serve others better.
## **Relief Ministries**
We have provided help and support for persecuted Christian including individuals, groups/churches and refugees.
## **Financial Review**
Still the COVID pandemic had an impact on our charitable fundraising. We need to raise more funds and donations to meet next year’s objectives. Trustees are optimistic to have a better financial year next ahead, to meet the target budgets.
4
TORCH MINISTRIES
TRUSTEES. REPORT l¢onllnwdl
FOR THE YEAR ENDED 31ST IAAR¢H 2022
ol the et•ts of arydrn of CKI Ind d the CK) fty th•t pwkny. In w•p•rir¥ lh fin¥V *t4*nwts il*
fffwjal ofthè CIO. •rn oItsC*¥I t• lorw I(•bI•
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## **TORCH MINISTRIES**
(Charitable Incorporated Organisation)
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022**
|**Notes**
**INCOMING RESOURCES**
**Incoming Resources from Generated Funds**
Donations, Grants & Legacies
**3a**
**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
**2021/22**
**2020/21**
£
£
£
£
17,013
-
17,013
80,124
**17,013**
**-**
**17,013**
**80,124**
60,976
-
60,976
34,479
1,086
-
1,086
920
**62,062**
**-**
**62,062**
**35,399**
**(45,049)**
**-**
**(45,049)**
**44,725**
44,725
-
44,725
-
**(324)**
**-**
**(324)**
**44,725**|
|---|---|
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
TORCH MWIISTRIES
aALAI•CE SHEET
AS AT JIST IAARtH J122
To
Total
J14lar.21
FthJ5
In¥*strreAts
Detrrtor• &
428
428
4S.478
47$
MET CURRENT A38ETS
(3241
13241
1•
44721
o¢th• Cl
Gerwl Fimo•
13241
{324)
44,r2S
Toial
1472$
Swed Qn Trwdw
+7iliC
(Gy{
## **TORCH MINISTRIES**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022**
## **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 has 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
## **TORCH MINISTRIES**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022**
## **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% - Reducing Balance
## **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 2022: None
31st March 2021: None
9
## **TORCH MINISTRIES**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022**
## **3. INCOMING RESOURCES**
|**a) Donations, Grants & Legacies**
Gifts & Donations
Grants Received|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2021/22**
**2020/21**
£
£
£
£
9,317
-
9,317
43,095
7,696
-
7,696
37,029
**17,013**
**-**
**17,013**
**80,124**|
|---|---|
## **4. RESOURCES EXPENDED**
|**Note**
**a) Cost of Charitable Activities**
Advertising & Publicity
Leadership, Discipleship, Bible Training & Media Costs
Equipment Costs
Gifts & Donations
Office Costs
Psychotherapeutic Counselling & Women's Ministry
Relief Ministries
Sundry Expenses
Travel & Subsistence
`
**b) Governance Costs**
Independent Examiners Fees
**9**
Legal & Professional Fees|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2021/22**
**2020/21**
£
£
£
£
1,486
-
1,486
250
10,904
-
10,904
7,393
1,825
-
1,825
3,690
68
-
68
125
3,000
-
3,000
460
34,072
-
34,072
17,100
9,621
-
9,621
5,060
-
-
-
264
-
-
-
138
**60,976**
**-**
**60,976**
**34,479**
750
-
750
750
336
-
336
170
**1,086**
**-**
**1,086**
**920**|
|---|---|
10
## **TORCH MINISTRIES**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022**
## **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|Unrestricted|Restricted|**Total**|**Total**|
|---|---|---|---|---|---|
|||Fund|Fund|**31-Mar-22**|**31-Mar-21**|
|||£|£|**£**|**£**|
|Cash at Bank & in Hand||426||-
426
45,475||
|||**426**||**-**
**426**
**45,475**||
|**8. DEBTORS AND PREPAYMENTS**||||||
|Sundry Debtors|Unrestricted
Fund
£
-||Restricted
Fund
£|**Total**
**31-Mar-22**
**£**
-|**Total**
**31-Mar-21**
**£**
-
-|
|||**-**||**-**|**-**
**-**|
|**9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||||
|Independent Examiners Fees|Unrestricted
Fund
£
750||Restricted
Fund
£|**Total**
**Total**
**31-Mar-22**
**31-Mar-21**
**£**
**£**
-
750
750||
|||**750**||**-**
**750**
**750**||
## **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**
Fund
Fund
**31-Mar-22**
**31-Mar-21**
£
£
**£**
**£**
-
-
-
-
(324)
-
(324)
44,725
-
-
-
-
**(324)**
**-**
**(324)**
**44,725**|
|---|---|
11
## **TORCH MINISTRIES**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022**
## **12. STAFF COSTS AND NUMBERS**
The CIO employed no members of staff during this or the previous financial period.
## **13. PAYMENTS TO TRUSTEES AND OTHER RELATED PARTIES**
During the financial year Trustee Mr Samuel Bazmjou received £11,006 (2020/21:£7,393) for Discipleship, Bible Training & Media costs in his capacity as Reverend of Torch Ministries in furtherance of the Charity's objects.
During the financial year Mrs Rashin Soodmand-Bazmjou (Wife of Trustee Mr Samuel Bazmjou) received £33,462 (2020/21:£17,100) for Psychotherapeutic Counselling & Women's Ministry costs supplied to Torch Ministries in furtherance of the Charity's objects.
The only other payments made to the Trustees consisted of reimbursements of expenses incurred in furthering the Charity's objects and no other direct benefits were received by the Trustees during the financial year.
No other payments were made to trustees or any persons connected with them during this financial period. No other 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
TORCH MINISTRIES
Icharitable Incorwxated organ1)
INDEPENDEKf EXAMINER'S REPORT ON THE ACCOUNTS
R8POrt to the twsteesl membets of Torth Minth"e8 cffi the *wJnts lor lh8 year ended 31st MAreh 2022 sgt oul on PAgp$ 8
to 12.
Rtive Rp01b11l1l•1 ol Tn¢* •nd Examlner
The charity's trustees are rèsponsible for the preparatth ol the a(xnts. The tharrty's iru$tg83 nSider that an audrt is not
required for this year under 8eth.on 144 of th8 Choribe8 Act 2011 (thè cha Acll and thal an iThJep•nd8nt ¢xarninalion 18
needed.
It 1$ my rèsponsibilty..
to examine the aco)unts under s8dJon 145 of Ihe Chantses Act.
to folh)w Ihe procedures 18KI in Ihe general Direc*or* 9Nen by th• Chanty Cornffli88i¢)n (under 8ectKJn
14515llbl olth? Ch8ritie8 A¢a. and
lo slate %thether part1rYJr rnatt•r8 hm come to my ètt•nti
ea•1• ol Ind•pondgrrt Exwnln•rf• Stst•mont
My examinatlon was rried out in accordanc• wilh 9erwal Clirnction6 gN•n by the Charity Commission. An ¢xominalion
indude$ a rlW ol I. Jnljno r•cordg kept by lh• eh*iity and a eornp•ri•on of th• atsount6 pr•s•nt•d With tho$•
records. 11 also induds$ ¢onsideration of any unu$u•l iterns or disdosures in thè •¢counts. and seeking 6xplanation5 from
the trustees conc•min9 any ¥uth matters. Tho pro¢edures undertaken do not prowde all Ihe evidence that would b8
r•quir¢d in an audit. and consequently nts opinion is gNen as lo ler the wjunts Went a 'tru• •nd foirf view and the
report 18 limrted to thos• mailw¥ sol o*Jt the 8tal•mant bgfv.
Ind•p•nd•nt Examln•rf• 8t•t•m•nt
In connection hth rny 9mInatiOn. moll*r has niy ull¥itluri.
which gi¥•s mè rèasonable cause to beli•¥e thal ¢n. any mat8ri81 respect. th• r•quir•rn•ni$'.
to keep accounting r•eorth in acc¢>rd*nc• ffith s•ditin 120 of thg Choriti06 Ad." ond
to prepare 8rAxJnts vthich acccrfd *ith Ihe a£ting reciyds and comply the aminbng wuirem•nt8
of Ihe Charlll88 Act
have not b8•n mèt.. or
to 1th. in my oplnion. 81knlh)n 8h¢xHd t* in ord•r a woper under8tanding of aUnts to be
r•aeh•d.
K. Collaku MAAT
Ca511e View Accounting Ltd
New Bam
Mudberry La
B05ham
Chichester
Wesl Sussex
Pn18 AT8
Dats.. 141h Jary 2023
13