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2023-03-31-accounts

THE DISCOVER NETWORK

Trustees’ Annual Report & Financial Statements

For the period 1 April 2022 - 31 March 2023 Charity Registration Number: 1193870

Objectives and Activities

The Object of the Discover Network (TDN) is, for the public benefit, the advancement of the Christian faith in the United Kingdom and the world as the charity trustees may from time to time decide.

Public Benefit

The trustees are aware of the Charity Commission’s guidance on public benefit in the advancement of religion for the public benefit and have given due consideration to it in their administration of the charity.

TDN exists to advance the Christian faith, and provides a benefit to the public by:

Achievements and Performance

Discover Network

Discover App

2022-23 saw continuing partnerships which enabled considerable progress adding new Languages to the Discover App. These developments were independently funded (ie money did not go through TDN)

Financial Review

TDN entered the year with a small deficit in the form of an interest-free, indefinite term, personal loan which was given to cover set-up fees.

It received unrestricted income of £50, and restricted income of £383 towards support of work in Malawi which will be disbursed, along with additional pledged income in 2023-24. There was no other income or expenditure in the period.

The trustees are confident that TDN will continue as a going concern.

Statement of Financial Activities

As at As at
Unrestricted Restricted 31 Mar 2023 31 Mar 2022
Opening Balance £ (1170) £ (1,170) £ (1,170)
Income £ 50 £ 383 £ 433 £ 0
Expendtiture £ 0 £ 0
Net Surplus (Defcit) £ (1120) £ 383 £ (737) £ (1,170)

Statement of Assets and Liabilities

As at As at
Unrestricted Restricted 31 Mar 2023 31 Mar 2022
TDN Current Account £ 50 £ 50 £ 0
Stewardship Services £ 383 £ 383 £ 0
Liabilities (Personal Loan) £ (1170) £ (1,170) £ (1,170)
Totals £ (1120) £ 383 £ (737) £ (1,170)

Structure, Governance and Management

The Discover Network is constituted as a Charitable Incorporated Organisation (CIO) whose only voting members are its Charity Trustees. It is governed by a constitution

The management of the CIO is the responsibility of the Trustees who are appointed by resolution passed at a properly convened meeting of the Charity Trustees under the terms of the constitution.

Reference and Administrative Details

Charity Name

The Discover Network

Trustees

S Pilkington A Gilmour L Bolster

Charity Registration Number

1193870

Registered Office

Stampwell Farm Oxford Road Jordans BEACONSFIELD HP9 2XD