## **THE DISCOVER NETWORK** 

## **Trustees’ Annual Report & Financial Statements** 

**For the period 1 April 2023 - 31 March 2024** _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: 

- Enabling people to encounter faith using Discovery Bible Studies (DBS) 

- Equipping faith leaders with training and mentoring 

- Offering creative ways to enable people to engage with the Bible 

- Mobilising prayer 

- Developing resources which allow people to engage with faith 

## **Achievements and Performance** 

## **Discover Network** 

- Running online and in-person training sessions for groups interested in running DBS both in the UK and overseas including train-the-trainer sessions in Malawi. 

- Continuing to mentor leaders worldwide who are onwardly starting DBS groups, training new leaders and mentoring emerging leaders 

- Hosting Introduction to DBS meetings with interested individuals and partner organisations 

- Running DBS groups online and in-person 

## **Financial Review** 

TDN entered the year with a small deficit in the form of an interest-free, indefinite term, personal loan for set-up fees, which has now been paid in full. 

Income from the Malawi fund-raising, which commenced prior to the previous Annual Review was fully disbursed to support the Malawi training, closing the fund. 

Unrestricted project funding was used during the year to support the ongoing travel, hospitality and general expenses of disciple-makers. 

Income raised for the Flourish project, supporting discipleship amongst women will be disbursed in 2024-25. 

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



## **Balance Sheet** 

|**Balance Sheet**||||||||
|---|---|---|---|---|---|---|---|
||||||**As at**||**As At**|
|||**Unrestricted**|**Restricted**||**31 Mar 2024**||**31 Mar 2023**|
|**Opening Balance**|£|<br>(1,120) £|383|£|<br>(737)|£|<br>(1,170)|
|**Income**|£|<br>6,751 £|5,828|£|<br>12,579|£|<br>433|
|**Expenditure**|£|<br>2,794 £|5,462|£|<br>8,255|||
|**Closing Balance**|**£**|**2,837 £**|**750**|**£**|**3,587**|**£**|**(737)**|



## **Income and Expenditure** 

|**Income**||**Unrestricted**||**Restricted**|**Total**||
|---|---|---|---|---|---|---|
|**One-of**|£|0|£|4,363 £||4,363|
|**Regular**|£|30|£|0 £||30|
|**Grants - Stewardship**|£|5,221|£|1,465 £||6,686|
|**Grants - Other**|£|1,500|£|0 £||1,500|
|**Total Income**|**£**|**6,751**|**£**|**5,828 £**||**12,579**|
|**Expenditure**||**Unrestricted**||**Restricted**|**Total**||
|**Training (Malawi)**|£|184|£|5,262 £||5,445|
|**Projects**|£|2,150|£|200 £||2,350|
|**Admin**|£|460||£||460|
|**Total Expenditure**|**£**|**2,794**|**£**|**5,462 £**||**8,255**|
||**£**|**3,957**|**£**|**367 £**||**4,324**|





## **Statement of Assets and Liabilities** 

|||||||**As at**||**As At**|
|---|---|---|---|---|---|---|---|---|
|||**Unrestricted**||**Restricted**||**31 Mar 2024**||**31 Mar 2023**|
|**TDN Current Account**|£|<br>2,837|£|750|£|<br>3,587|£|<br>50|
|**Stewardship Services**|£|<br>0|£|0|£|<br>0|£|<br>383|
|**Debts (carried forward)**|£|<br>0|£|0|£|<br>0|£|<br>(1,170)|
|**Totals**|**£**|**2,837**|**£**|**750 **|**£**|**3,587**|**£**|**(737)**|



## **Fund Movements** 

|**Fund Movements**|||||||||
|---|---|---|---|---|---|---|---|---|
|||**Opening**||**Income**||**Expenditure**||**Closing**|
|**General (unrestricted)**|£|(1,120)|£|6,751|£|<br>2,794|£|2,837|
|**Malawi (restricted)**|£|383|£|4,878|£|<br>5,262|£|0|
|**Flourish (restricted)**|£|0|£|950|£|<br>200|£|750|
|**Totals**|**£**|**(737)**|**£**|**12,579 **|**£**|**8,255**|**£**|**3,587**|



## **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