REGISTERED CHARITY NUMBER: 1191719
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
PIONEER MISSION
Stewardship Services 1 Lamb's Passage London EC1Y 8AB
PIONEER MISSION
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 March 2024
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 16 |
| Detailed Statement of Financial Activities | 17 |
PIONEER MISSION
REFERENCE AND ADMINISTRATIVE DETAILS for the year ended 31 March 2024
TRUSTEES Mr J Warin Mr J Beardon Mr M Nightingale Dr R M Glover OBE Mr J J Taylor PRINCIPAL ADDRESS The Hope Centre 10 St Margarets Street Ipswich IP4 2AT REGISTERED CHARITY 1191719 NUMBER INDEPENDENT EXAMINER Stewardship Services 1 Lamb's Passage London EC1Y 8AB ACCOUNTANT Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF
Page 1
PIONEER MISSION
REPORT OF THE TRUSTEES for the year ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees 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 Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Pioneer Mission is a registered charity. It was originally registered as a Charity on 8 October 2020.
As detailed in its governing documentation the charity has the following charitable objects:
To advance the Christian Faith for the benefit of the public in the United Kingdom and in such other parts of the World as the trustees may from time to time think fit, in particular but not exclusively through:
Raising awareness of the Christian faith and the need for new churches through meetings, conferences, print and online publications;
Providing training, resources, coaching and ongoing support for those involved in planting new churches;
Supporting the establishment of new Christian church plants.
Significant activities
Over this period the charity has continued to develop and maintain a framework of activity to see 20 churches established in each of the 50 European nations by 2050.
The main focus has continued to be multiplication, strategically looking at how we can multiply our team and resources to help inspire and train others to fan into flame their leadership gifts and heart to plant churches in Europe.
Much of our activity has been carried out in partnership with other UK and Overseas charities, key partnerships include: Relational Mission, Revelation Church (London), Lighthouse Community and Newfrontiers, to name just a few.
The period up to 31 March 2024 has seen some significant steps taken, with Maurice and Rachel Nightingale continuing to spearhead our work into Europe, enabling much of this activity to take place.
Examples of what has been achieved with reference to our charitable objectives are as follows:
Awareness Raising
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The charity partnered with Relational Mission through the Call Conference to bring visibility to the mission in Europe. This was an in-person event in Ipswich, UK with the aim of inspiring people to embrace the Call God has placed on their lives. Over 600+ people attended the event.
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We again partnered with the European Leaders Forum (ELF) and Relational Mission to deliver 2 networks on Church Planting and Leadership, with the aim of establishing connections with Christians across Europe to break through into new nations.
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We have continued the process of developing language specific media teams (particularly in the Netherlands and Germany) to help translate key resources and messages into local languages. This is critical as overcoming language barriers and restrictions is a key factor for the success of the mission.
All in all (considering the activities detailed below also) awareness of our mission to Europe has been directly raised to 1,500+ individuals, across 17+ Nations in Europe.
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PIONEER MISSION
REPORT OF THE TRUSTEES for the year ended 31 March 2024
OBJECTIVES AND ACTIVITIES
Training, Resourcing and Coaching
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'Called to Go' programme of training (online and in person) has been established to engage those at the beginning of their pioneering journey. This year 20+ pioneers have been helped and supported, with 7 of those either moving to mainland Europe to either establish or join a church plant or actively ministering, with another couple looking to relocate in the coming year.
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Discipleship groups have been established to invest and mentor both those directly engaged in church leadership in Europe and key Ephesians 4 ministry that are supporting our churches in Europe.
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Added to the above, many one to one / small coaching sessions have been delivered with existing and emerging leaders across Europe, to help disciple and inspire them in their ministry.
It is estimated that 220+ individuals have been helped in this way.
Supporting Church Plants
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Dedicated time was spent 'on the ground' particularly in Croatia, Netherlands, Serbia, Sweden, the Ukraine and Germany to;
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strengthen local churches and key leaders.
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to work with local leaders to strategise and plan for expansion in their own communities and beyond in terms of new church plants and being 'Hubs' of connection across their nation.
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21 Eldership and planting teams in the UK/Europe have been directly assisted in terms of team development, with 2 of these seeing new elders appointed.
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Last year, as part of our local-language translocal team goal to serve churches in each European nation, we achieved our first milestone, a team being formed and legally established in the Netherlands. This year alongside continuing to develop the Netherlands team we have made progress forming a similar team in Germany. We are currently exploring the formation of a suitable legal structure to facilitate future development.
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Support has also been given to many existing church plants and developing situations in Eastern Europe through the Lighthouse Community (in post communist nations) and directly via team days, preaching and coaching.
Overall, including the above 25+ churches/plants have been directly invested in over the year.
Public benefit
In planning and undertaking activity above the Trustees have had due regard to the guidance on public benefit issued by the Charity Commission.
Grantmaking
Pioneer Mission works with churches and charities worldwide and where these contacts are able to fulfil the objectives of the charity more ably, or maintain closer working links with activities or projects, grants are sometimes provided. These are made in line with the charity's grant framework and financial policy.
FINANCIAL REVIEW
Financial position
Pioneer Mission is financially dependent upon the donations made by supporting churches, individuals, grants from charitable trusts and income generated via events.
Pioneer Mission Trustees and team would like to thank all the churches, individuals and organisations that have supported the charity throughout the year.
During the year Pioneer Mission had income of £180,971, £73,462 of which was for restricted purposes.
Expended resources for the period were £144,494 in total of which £32,914 were restricted.
At the end of March 2024 Pioneer Mission had a surplus of £36,242 with £40,748 restricted.
Investment policy and objectives
Pioneer Mission has no formal investment policy as it currently does not intend to make any investments, aside from placing surplus funds in deposit accounts to gain interest. This approach is reviewed yearly.
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PIONEER MISSION
REPORT OF THE TRUSTEES for the year ended 31 March 2024
FINANCIAL REVIEW
Reserves policy
On an ongoing basis the Trustees consider the level of reserves they wish to retain, appropriate to the Charity's needs and circumstances. This is based on the charity's size and level of commitments held. The Trustees endeavour not to set aside funds unnecessarily.
The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. In doing this the Trustees aim to make sure that the current budget forecast and reserves levels allow the charity to continue in operation for a rolling 12 month period. This is reviewed at a minimum at two points within the financial year.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a constitution, and is a Charitable Incorporated Organisation (CIO).
Management structure
Five trustees have run Pioneer Mission over this reporting period, each with differing backgrounds and expertise that can contribute to the delivery of the charity's objectives.
The policy and key operating decisions (i.e. budget setting, risk management) of the charity rest with the trustees who meet regularly to monitor the activities of the charity. Day to day operation has been delegated to the Operations Team.
Over the last year, Pioneer Mission has not directly employed staff, but has delivered its activities through retained consultants and volunteers.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The Trustees have and continue to review the major strategic, business and operational risks, which a small charity is likely to be exposed to. A framework has been established and procedures are in place to identify, monitor and review these risks on a regular basis.
All major insurable risks have been covered by the charity's insurance coverage. Contracts and associated risks are reviewed before being finalised to ensure they do not significantly impact (negatively) upon the charity's ability to fulfil its objectives.
The Charity has all required policies in place (as per Charity Commission guidelines) and no significant material issues arose during the year in relation to these policies.
TRUSTEES' RESPONSIBILITY STATEMENT
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).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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PIONEER MISSION
REPORT OF THE TRUSTEES for the year ended 31 March 2024
TRUSTEES' RESPONSIBILITY STATEMENT - continued
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They 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.
Oct 30, 2024 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
James Taylor James Taylor (Oct 30, 2024 10:45 GMT+1)........................................................................ Mr J J Taylor - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PIONEER MISSION
Independent examiner's report to the trustees of Pioneer Mission
I report to the charity trustees on my examination of the accounts of Pioneer Mission (the Trust) for the year ended 31 March 2024 on pages 7 to 16 following, which have been prepared on the basis of the accounting policies set out on pages 9 to 10.’
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable 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:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
Sarah Crispin Sarah Crispin (Nov 5, 2024 10:27 GMT) Sarah Crispin ACA
Stewardship Services 1 Lamb's Passage London EC1Y 8AB
Nov 5, 2024 Date: .............................................
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PIONEER MISSION
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 106,164 Charitable activities 3 Advancement of Christian Faith 962 Investment income 2 1 Other income 382 Total 107,509 EXPENDITURE ON Charitable activities Advancement of Christian Faith 111,580 Net gains/(losses) on investments (235) NET INCOME/(EXPENDITURE) (4,306) Transfers between funds 9 (200) Net movement in funds (4,506) RECONCILIATION OF FUNDS Total funds brought forward 91,885 TOTAL FUNDS CARRIED FORWARD 87,379 |
Restricted funds £ 72,596 866 - - 73,462 32,914 - 40,548 200 40,748 26,967 67,715 |
31.3.24 Total funds £ 178,760 1,828 1 382 180,971 144,494 (235) 36,242 - 36,242 118,852 155,094 |
31.3.23 Total funds £ 150,853 14,514 - - 165,367 147,157 (120) 18,090 - 18,090 100,762 118,852 |
|---|---|---|---|
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
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PIONEER MISSION
BALANCE SHEET 31 March 2024
| Unrestricted funds Notes £ CURRENT ASSETS Debtors 6 8,545 Cash at bank 85,957 94,502 CREDITORS Amounts falling due within one year 7 (7,123) NET CURRENT ASSETS 87,379 TOTAL ASSETS LESS CURRENT LIABILITIES 87,379 NET ASSETS 87,379 FUNDS 9 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - 108,460 108,460 (40,745) 67,715 67,715 67,715 |
31.3.24 Total funds £ 8,545 194,417 202,962 (47,868) 155,094 155,094 155,094 87,379 67,715 155,094 |
31.3.23 Total funds £ 4,400 125,922 130,322 (11,470) 118,852 118,852 118,852 91,885 26,967 118,852 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: Oct 30, 2024
James Taylor James Taylor (Oct 30, 2024 10:45 GMT+1)
.............................................
Mr J J Taylor - Trustee
Jeffrey Warin Jeffrey Warin (Nov 4, 2024 09:30 GMT) .............................................
Mr J Warin - Trustee
The notes form part of these financial statements
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PIONEER MISSION
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements and assessment of going concern
The financial statements of the charity, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Therefore the financial statements are prepared on a going concern basis.
The financial statements are presented in sterling (£).
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
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the requirements of Section 7 Statement of Cash Flows;
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the requirement of paragraph 3.17(d);
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the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
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the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
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the requirement of paragraph 33.7;
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the requirement of paragraph 24(b) of IFRS 6.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from support for pioneering situations, reimbursement of expenditure incurred and amounts received toward future pioneering costs.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Details of individual grants and payments made are not included in the financial statements in accordance with Charity SORP 16.21. The trustees confirm that appropriate due diligence is carried out on all payments to third parties and that a full list of recipients can be obtained upon request.
Taxation
The charity is exempt from tax on its charitable activities.
continued...
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PIONEER MISSION
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024
1. ACCOUNTING POLICIES - continued
Taxation
Debtors
Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.
Cash at bank and in hand
Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.
Creditors
Creditors are recognised where then charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Donated goods
Donated services and facilities donated for the charity's own use are recognised as income when receivable at their value to the charity.
2. INVESTMENT INCOME
| 31.3.24 £ Deposit account interest 1 3. INCOME FROM CHARITABLE ACTIVITIES 31.3.24 Activity £ Ticket Sales Advancement of Christian Faith 1,828 Net income/(expenditure) is stated after charging/(crediting): 31.3.24 £ Independent Examination 1,440 |
31.3.23 £ - 31.3.23 £ 14,514 31.3.23 £ 1,200 |
|---|---|
continued...
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PIONEER MISSION
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024
4. TRUSTEES' REMUNERATION AND BENEFITS
The trustee received the following remuneration occurred during the period for services not relating to those of trusteeship:
Mr J Warin £nil for administration. (2023: £230)
Mr M Nightingale £56,550 (2023:£55,558) for Apostolic fees and £28,654 (2023: £27,294) for the associated travel costs
Mr J Beardon £256 (2023: £2,385) for travel costs.
Mr J Taylor £nil (2023: £455) for travel costs.
Trustees' expenses
There were no further trustees' expenses, other than those listed above, paid for the year ended 31 March 2024 nor for the period ended 31 March 2023.
5.
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 124,089 Charitable activities Advancement of Christian Faith 14,514 Total 138,603 EXPENDITURE ON Charitable activities Advancement of Christian Faith 108,344 Net gains/(losses) on investments (120) NET INCOME/(EXPENDITURE) 30,139 Transfers between funds 13,220 Net movement in funds 43,359 RECONCILIATION OF FUNDS Total funds brought forward 48,526 TOTAL FUNDS CARRIED FORWARD 91,885 |
Restricted funds £ 26,764 - 26,764 38,813 - (12,049) (13,220) (25,269) 52,236 26,967 |
Total funds £ 150,853 14,514 165,367 147,157 (120) 18,090 - 18,090 100,762 118,852 |
|---|---|---|
continued...
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PIONEER MISSION
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Prepayments | 8,545 | 4,400 | |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Bank loans and overdrafts (see note 8) | - | 57 | |
| Trade creditors | 5,683 | - | |
| Other creditors | 42,185 | 11,413 | |
| 47,868 | 11,470 | ||
| 8. | LOANS | ||
| An analysis of the maturity of loans is given below: | |||
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Amounts falling due within one year on demand: | |||
| Bank overdrafts | - | 57 |
The £57 of bank overdrafts, in the comparative year, relates to the amounts spent on funds in advance of receipts.
£57 relates to the Called to Go course which is a continuing activity which produced a surplus in the current year.
9. MOVEMENT IN FUNDS
| Unrestricted funds General fund Development Fund European Leaders Forum Restricted funds Called to Go European Leaders Forum Lille Fund Translation Fund Malmo Fund Pioneer Europe Offering Malaga Church Fund Serbia Roof Fund TOTAL FUNDS |
At 1.4.23 £ 38,297 52,478 1,110 91,885 (57) - 3,103 10,768 662 12,491 - - 26,967 118,852 |
Net movement in funds £ 5,315 (8,511) (1,110) (4,306) 137 7,210 (946) (4,298) - (12,491) 13,586 37,350 40,548 36,242 |
Transfers between funds £ (200) - - (200) - - 200 - - - - - 200 - |
At 31.3.24 £ 43,412 43,967 - 87,379 80 7,210 2,357 6,470 662 - 13,586 37,350 67,715 155,094 |
|---|---|---|---|---|
continued...
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PIONEER MISSION
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Development Fund European Leaders Forum Restricted funds Called to Go European Leaders Forum Lille Fund Translation Fund Pioneer Europe Offering Travel Expenses Malaga Church Fund Serbia Shoe Fund Serbia Roof Fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Development Fund European Leaders Forum Restricted funds Called to Go European Leaders Forum Lille Fund Translation Fund Malmo Fund Netherlands Fund Pioneer Europe Mission Fund Pioneer Europe Offering TOTAL FUNDS |
Incoming resources £ 107,508 1 - 107,509 867 14,742 1,275 - - 3,128 15,000 1,100 37,350 73,462 180,971 At 1.4.22 £ 48,526 - - 48,526 842 632 1,665 7,500 - 12,789 28,808 - 52,236 100,762 |
Resources expended £ (101,958) (8,512) (1,110) (111,580) (730) (7,532) (2,221) (4,298) (12,491) (3,128) (1,414) (1,100) - (32,914) (144,494) Net movement in funds £ 30,139 - - 30,139 (899) (4,676) 1,438 3,268 4,507 (7,064) (21,114) 12,491 (12,049) 18,090 |
Gains and Movement losses in funds £ £ (235) 5,315 - (8,511) - (1,110) (235) (4,306) - 137 - 7,210 - (946) - (4,298) - (12,491) - - - 13,586 - - - 37,350 - 40,548 (235) 36,242 Transfers between At funds 31.3.23 £ £ (40,368) 38,297 52,478 52,478 1,110 1,110 13,220 91,885 - (57) 4,044 - - 3,103 - 10,768 (3,845) 662 (5,725) - (7,694) - - 12,491 (13,220) 26,967 - 118,852 |
|---|---|---|---|
continued...
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PIONEER MISSION
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Called to Go European Leaders Forum Lille Fund Translation Fund Malmo Fund Netherlands Fund Pioneer Europe Mission Fund Pioneer Europe Offering TOTAL FUNDS |
Incoming resources £ 138,603 - - 1,620 7,500 4,625 - 528 12,491 26,764 165,367 |
Resources expended £ (108,344) (899) (4,676) (182) (4,232) (118) (7,064) (21,642) - (38,813) (147,157) |
Gains and Movement losses in funds £ £ (120) 30,139 - (899) - (4,676) - 1,438 - 3,268 - 4,507 - (7,064) - (21,114) - 12,491 - (12,049) (120) 18,090 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Development Fund European Leaders Forum Restricted funds Called to Go European Leaders Forum Lille Fund Translation Fund Malmo Fund Netherlands Fund Pioneer Europe Mission Fund Malaga Church Fund Serbia Roof Fund TOTAL FUNDS |
At 1.4.22 £ 48,526 - - 48,526 842 632 1,665 7,500 - 12,789 28,808 - - 52,236 100,762 |
Net movement in funds £ 35,454 (8,511) (1,110) 25,833 (762) 2,534 492 (1,030) 4,507 (7,064) (21,114) 13,586 37,350 28,499 54,332 |
Transfers between funds £ (40,568) 52,478 1,110 13,020 - 4,044 200 - (3,845) (5,725) (7,694) - - (13,020) - |
At 31.3.24 £ 43,412 43,967 - 87,379 80 7,210 2,357 6,470 662 - - 13,586 37,350 67,715 155,094 |
|---|---|---|---|---|
continued...
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PIONEER MISSION
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Development Fund European Leaders Forum Restricted funds Called to Go European Leaders Forum Lille Fund Translation Fund Malmo Fund Netherlands Fund Pioneer Europe Mission Fund Pioneer Europe Offering Travel Expenses Malaga Church Fund Serbia Shoe Fund Serbia Roof Fund TOTAL FUNDS |
Incoming resources £ 246,111 1 - 246,112 867 14,742 2,895 7,500 4,625 - 528 12,491 3,128 15,000 1,100 37,350 100,226 346,338 |
Resources expended £ (210,302) (8,512) (1,110) (219,924) (1,629) (12,208) (2,403) (8,530) (118) (7,064) (21,642) (12,491) (3,128) (1,414) (1,100) - (71,727) (291,651) |
Gains and Movement losses in funds £ £ (355) 35,454 - (8,511) - (1,110) (355) 25,833 - (762) - 2,534 - 492 - (1,030) - 4,507 - (7,064) - (21,114) - - - - - 13,586 - - - 37,350 - 28,499 (355) 54,332 |
|---|---|---|---|
Development Fund: Funds put aside by the trustees for investing in Church situations across mainland Europe. Called to Go: A fund for those who are exploring a call to mission.
European Leaders Forum: Specific grants received to help fund out involvement in the European Leaders Foundation.
Lille Fund: Funds received for the support of the Lille Church plant.
Translation Fund: Funds received to support the translation of material to local languages.
Malmo Fund: Funds received to support a Church plant in Malmo.
Netherlands Fund: Funds received for the support and development of the church in Netherlands
Pioneer Europe Mission Fund: Funds received for the support and development of the church in Europe
Pioneer Europe Offering: Proceeds of an offering held at the Pioneering Conference to be used to support church planting and pioneering activities at the trustees discretion.
Malaga Church Fund: Funds given with the specific restriction of being used to develop church community in and around Malaga , Spain.
Travel Expenses: Funds received for travel expenses of Pioneer Mission personnel
Serbia Shoe Fund: Funds received to purchase shoe for people in Serbia
Serbia Roof Fund: a gift received to fund the roof on a new Church building in Serbia. The total fund was paid to the Serbian Church just after the year end.
Transfers between funds
During the year ending 31 March 2024 the following transfers between funds occurred: General Fund, £200 was transferred to cover the incorrect allocation of historic donations.
During the comparative year ending 31 March 2023 the following transfers between funds occurred: Netherlands Fund, £5,725 was a release of restriction by the donor, this was allocated into the Development Fund.
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PIONEER MISSION
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024
9. MOVEMENT IN FUNDS - continued
Transfers between funds - continued
Pioner Europe Mission Fund, £7,694 was a release of the restriction by the donor, this was allocated into the Development Fund.
European Leaders Forum, £4,043 was allocated to the restricted fund from General Funds as Pioneer Mission's contribution to the ELF event in 2022.
European Leaders Forum, £1,110 was to put aside the funds for the tickets bought in advance of the ELF event in 2023.
Development Fund, £52,478 this is funds put aside by the trustees for Church Development.
Malmo Find, £3,845 was allocated to the General Fund to cover costs already paid in relation to this restriction.
10. RELATED PARTY DISCLOSURES
Pioneer Mission received sums in the year from the following registered charities which are connected by virtue of having a trustee sitting on the donor charity board:
Relational Mission £10,142 (2023: £14,000) Donation & Grants (JR Beardon) Christ Community Church Attleborough £4,225 (2023: £2,942) Donation (JR Beardon) Wellspring Family Church Dereham £6,750 (2023: £6,750) Donation (JR Beardon)
Pioneer Mission made payment in the year to the following individuals who are connected to a trustee:
Mrs R Nightingale £nil (2023: £5,000) Honorarium (spouse of M Nightingale)
Ursa Products £nil (2023: £2,100) Website content and communication (D Nightingale, related to M Nightingale)
Pioneer Mission made payment in the year to the following charities/businesses who are connected to a trustee: Relational Mission £6,309 (2023: 17,990) grants (JR Beardon - Trustee)
Fruitful Being £15,480 (2023: £5,225) consultancy costs and £1,659 in expense reclaims (2023: £nil) (J Taylor - Director)
Lighthouse Community Church £5,829 (2023: £nil) in grants (M Nightingale & J Taylor - Trustees)
There are no further Related Party Transactions
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