## **The Forge Christian Ministries**
## **Charity Number 1208618**
## **Reports & Accounts**
## Financial Year Ending 31/12/2024
## **Contents**
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2 Legal & Administrative Details
3-5 Trustees Report
6 Statement of Financial Activities
7 Statement of Financial Position
8 Statement of Cash Flows
9-11 Notes - Accounting Policies
12-13 Notes - Analysis of Income & Expenditure
14 Notes - Analysis of Net Assets Between Funds
15-17 Notes - Other
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## **Legal & Administrative Details**
Charity Name: The Forge Christian Ministries Charity Number: 1208618 Charity Address: 49 Little Woodcote Lane Carshalton SM5 4BY Trustees: Stephen Ledger (Chair) Appointed 11/06/2024 John Baldwin Appointed 11/06/2024 Andrew Downs Appointed 11/06/2024 Anthony French Appointed 11/06/2024 Neil Hardy Appointed 11/06/2024 Paul Hedderly Appointed 11/06/2024 Rev Philip Hornsey Appointed 11/06/2024 Jonathan Hubbard Appointed 11/06/2024
Key Management All members of the team are volunteers and form the steering Personnel: group for the charity.
Name & Address of Primary HSBC Banker: 54 Woodcote Road Wallington Surrey SM6 0NJ
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## **Trustees Report**
## **Objects of the charity**
The objects of the charity from its constitution are "To advance the Christian faith for the benefit of the public in accordance with the statement of faith by providing pastoral, evangelical and ecumenical events and activities."
## **Summary of the charity's main activities and achievements**
To further the above objects and vision, the charity\s main activities and achievements were as follows:
The charity was started in June 2024 and is a continuation of events that had previously been run by "The Forge", an unincorporated organisation, since 2017.
The main event run in September 2024, was The Forge men's event, which ran over a weekend in September. Approximately 200 men gathered to share food and activities together and to have the good news of Jesus shared on the Saturday evening at the site.
In addition, for the first time, the Thursday before The Forge, the site was used for a new event for young men and women (aged under 16-30) - The Fuse. This is a night of worshipping God and hearing God's word. The event used the same facilities as The Forge and was attended by approximately 100 young people.
In planning the activities, the trustees have applied the guidance on public benefit issued by the Charity Commission.
## **Plans for the future**
For the forthcoming year, the charity plans to run The Forge and The Fuse events again, with the aim of increasing attendance by strengthening relationships with local churches in south London and Surrey. There are currently no plans to run a future battlefields trip.
## **Structure, Governance and Management**
The charity is governed by a group of trustees, who are known as "The Forge Steering Group". The trustees are listed earlier in this document. The group is supported by several sub-teams, who have responsibility for various areas for the events (for example, activities, food, site preparation, technology, marketing, comms, admin/finance). The charity has no employees and is run completely by unpaid volunteers.
New trustees are appointed by a resolution of the existing trustee body. All new trustees undergo an induction process which includes reviewing the governing document, understanding their fiduciary duties, and being familiarised with the charity's activities and financial controls.
The Steering Group meets regularly to manage the charity's affairs.
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## **Financial Review**
For the first year of operation, the assets of "The Forge" (the unincorporated association) were transferred to the charity. This was £9,865.
In the year, The Fuse was run at no cost to the organisers, as the event is run on the site of The Forge men's event and does not charge for attendance. The Forge 2024 (TF24) generated income of £9,402 and cost £9,186 to run. This is a net income of £216, which has increased the funds held to £10,081.
## **Reserves Policy**
The trustees have adopted a formal reserves policy. The charity's free reserves (unrestricted funds less fixed assets and designated funds) are held to ensure the charity can meet its ongoing operational costs and cover any unforeseen expenses, thereby providing financial stability. The trustees have set a target level of free reserves at £8,000, which is approximately the cost of running one annual Forge event. At the year-end, the charity held free reserves of £10,081. The trustees consider this level to be in line with their policy.
## **Responsibilities of Trustees under charity law**
The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:
1. select suitable accounting policies and apply them consistently;
2. observe the methods and principles in the Charities SORP;
3. make judgements and estimates that are reasonable and prudent;
4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. 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.
The charity is exempt from the requirement to have an independent examination under the Charities Act 2011 as its gross income for the year was less than £25,000.
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## **Signature**
These accounts were prepared with the assistance of Rui Domingues, FCCA. This report was approved by the trustees, and is signed on their behalf by:
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Name
Signature
Date
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## **Statement of Financial Activities**
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Unrestricted Restricted Total Prior Year
Incoming Resources
Donations & Legacies 1,450 0 1,450 0
Charitable Activities 7,952 0 7,952 0
Investments 0 0 0 0
Trading Activities 0 0 0 0
Other 0 0 0 0
Total incoming resources 9,402 0 9,402 0
Resources Used
Charitable Activities 9,186 0 9,186 0
Raising Funds 0 0 0 0
Governance Costs 0 0 0 0
Support 0 0 0 0
Other 0 0 0 0
Total resources used 9,186 0 9,186 0
Net Incoming / Outgoing 216 0 216 0
Resources (before transfers)
Fund Transfers In 0 0 0 0
Fund Transfers Out 0 0 0 0
Net Incoming / Outgoing 216 0 216 0
Resources (before gains/losses)
Investment Gains (or Losses) 0 0 0 0
Net Incoming / Outgoing 216 0 216 0
Resources (before Asset
Revaluation)
Asset Revaluation 0 0 0 0
Net Movement of Funds 216 0 216 0
Total Funds Brought Forward 9,865 0 9,865 9,865
Total Funds Carried Forward 10,081 0 10,081 9,865
Represented By
The Forge (Unrestricted) 10,081 0 10,081 9,865
Battlefields' trips (Designated) 0 0 0 0
The Fuse (Designated) 0 0 0 0
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## **Statement of Financial Position**
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Unrestricted Restricted Total Prior Year
Current Assets
Cash 9,341 0 9,341 8,123
Accounts Receivable 0 0 0 0
Prepayments 1,350 0 1,350 1,839
Total 10,691 0 10,691 9,963
Non-Current Assets
Fixed Assets 0 0 0 0
Investments 0 0 0 0
Total 0 0 0 0
Non-Current Assets
Accounts Payable 0 0 0 0
Deferred Income 610 0 610 98
Total 610 0 610 98
Non-Current Liabilities
Long Term Loan / Mortgage 0 0 0 0
Total 0 0 0 0
Net Current Assets 10,081 0 10,081 9,865
Total Net Assets (Assets Minus 10,081 0 10,081 9,865
Liabilities)
Represented By
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## **Signature**
These accounts have been approved by the trustees, and are signed on their behalf by:
Name Signature Date
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## **Statement of Cash Flows**
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Total Prior Year
Cash Flow from Operating Activities
Net Surplus (deficit) 216 0
Adjustments For:
Fixed Asset Depreciation 0 0
Less Investment Gains 0 0
Accounts Receivable Decrease 0 0
Prepayments Decrease 489 0
Accounts Payable Increase 0 0
Deferred Income Increase 512 0
Less Interest Received 0 0
Less Sale of Assets 0 0
Less Asset Revaluation 0 0
Loan Interest Paid 0 0
NET Cash Flow from Operating Activities 1,218 0
Cash Flow from Investing Activities
Interest Received 0 0
Sales of Assets 0 0
Less Purchase of Assets 0 0
Return of Investments 0 0
Less Money Invested 0 0
NET Cash Flow from Investing Activities 0 0
Cash Flow from Financing Activities
Loans Received 0 0
Less Loan Repayments 0 0
Less Loan Interest Paid 0 0
NET Cash Flow from Financing Activities 0 0
Increase (decrease) in Cash 1,218 0
Cash at start of period 8,123 0
Cash at end of period 9,341 0
Represented By:
The Forge (Unrestricted) 9,341 0
Battlefields' trips (Designated) 0 0
The Fuse (Designated) 0 0
TOTAL Represented By 9,341 0
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## **Notes - Accounting Policies**
## **Basis of Preparation**
These 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 (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The principles adopted in the preparation of the financial statements are set out in the accounting policies below.
## **Going Concern**
The Trustees consider The Forge Christian Ministries a going concern at the date for approving the accounts. There are no material uncertainties that the charity can continue as a going concern for the next year.
## **Key Risks & Uncertainties**
The charity is exposed to various risks, including operational, financial and reputational risks. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.
## **Fund Accounting**
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the term of specific appeal. Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
## **Incoming Resources**
All incoming resources are recognised once the charity has entitlement to the resources, it is probable that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.
- Income from charitable trading activities, such as event ticket sales, is accounted for when the charity has a right to consideration for its performance.
- All voluntary income from members of the charity is recognised as donations and are included in full, with associated Gift Aid receivable in the Statement of Financial Activities.
- Grants where entitlement is not conditional on the delivery of specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant.
- Donated services and facilities are included at the value to the charity where this can be quantified.
- Gifts in Kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
- Volunteer time, the value of voluntary support for the work of the charity, is not included in the accounts but is described in the Trustees Annual Report.
- Investment Income is included in the accounts when receivable.
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## **Resources Expended**
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
## **Governance Costs**
Governance costs include costs associated with the independent examination of the financial statements (when required), compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity. Governance costs are shown within ‘Analysis of Expenditure’ note.
## **Liability Recognition**
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
## **Tangible Fixed Assets**
Assets over the value of £1,000 are capitalised. Depreciation is provided on tangible fixed assets at rates calculated to write off the cost of an asset, less its estimated residual value, over the expected useful economic life of that asset, as follows:
- Freehold property - Not depreciated
- Musical and Technical Equipment - 5 years on straight line basis
- Office and computer equipment - 3 years on straight line basis
- Furniture, fixtures and fittings - 3 years on straight line basis
## **Pensions**
The charity does not have any employees and therefore does not operate a pension scheme.
## **Operating Leases**
Rental charges payable under operating leases are charged on a straight-line basis over the terms of the lease.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Judgements and Key Sources of Estimation**
The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.
In preparing financial statements certain judgements, estimates and assumptions have to be made that affect the amounts recognised in the financial statements. The trustees consider the following to be significant:
- The annual depreciation charge for property, plant and equipment is sensitive to changes in the estimates for useful economic life and residual value. These estimates are reassessed annually and, when necessary, adjusted to reflect current circumstances.
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- The constructive obligation for grants payable is based on an assessment of the likely duration of the supported activity. This estimate is re-assessed annually, and the obligation is adjusted to reflect current expectations.
## **Concessionary Loans**
The charity initially recognises and measures concessionary loans at the amount received or receivable. The carrying amount is adjusted in subsequent years to reflect repayments and any accrued interest.
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## **Notes - Analysis of Income & Expenditure**
## **Analysis of Income**
## Current Year
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Unrestricted Restricted Total
Incoming Resources
Donations & Legacies
Donations 1,450 0 1,450
Gift Aid 0 0 0
Grants 0 0 0
Charitable Activities
Event Income 7,952 0 7,952
Investments
Bank Interest 0 0 0
Trading Activities
Rental Income 0 0 0
Sales 0 0 0
Other
Other Income 0 0 0
Total incoming resources 9,402 0 9,402
Prior Year
Unrestricted Restricted Total
Incoming Resources
Donations & Legacies
Donations 0 0 0
Gift Aid 0 0 0
Grants 0 0 0
Charitable Activities
Event Income 0 0 0
Investments
Bank Interest 0 0 0
Trading Activities
Rental Income 0 0 0
Sales 0 0 0
Other
Other Income 0 0 0
Total incoming resources 0 0 0
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## **Analysis of Expenditure**
## Current Year
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Unrestricted Restricted Total
Resources Used
Charitable Activities
Activities 0 0 0
Admin 1,198 0 1,198
Advertising 0 0 0
Bank Charges 58 0 58
Depreciation 0 0 0
Event Costs 7,930 0 7,930
Gifts Given 0 0 0
Other Expenditure 0 0 0
Premises 0 0 0
Staff Costs 0 0 0
Governance Costs
Governance Costs 0 0 0
Total resources used 9,186 0 9,186
Prior Year
Unrestricted Restricted Total
Resources Used
Charitable Activities
Activities 0 0 0
Admin 0 0 0
Advertising 0 0 0
Bank Charges 0 0 0
Depreciation 0 0 0
Event Costs 0 0 0
Gifts Given 0 0 0
Other Expenditure 0 0 0
Premises 0 0 0
Staff Costs 0 0 0
Governance Costs
Governance Costs 0 0 0
Total resources used 0 0 0
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## **Notes - Analysis of Net Assets Between Funds**
## Current Year
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Unrestricted Restricted Total
Current Assets 10,691 0 10,691
Non-Current Assets 0 0 0
Current Liabilities 610 0 610
Non-Current Liabilities 0 0 0
Total Net Assets (Assets Minus Liabilities) 10,081 0 10,081
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## Prior Year
||**Unrestricted**|**Restricted**|**Total**|
|---|---|---|---|
|Current Assets|9,963|0|9,963|
|Non-Current Assets|0|0|0|
|Current Liabilities|98|0|98|
|Non-Current Liabilities|0|0|0|
|Total Net Assets (Assets Minus Liabilities)|9,865|0|9,865|
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## **Notes - Other**
## **Volunteers**
The charity benefits greatly from the voluntary contributions of time and money. Please refer to the trustees' report for further detail about volunteer contributions in the organisation.
## **Independent Examination Fees**
In accordance with Section 144 of the Charities Act 2011, the charity is exempt from the requirement to have an independent examination of its financial statements due to its gross income in the current and prior year being below the statutory threshold of £25,000.
## **Staff Costs**
There are no employees in the charity, therefore there is nothing to report in this section.
## **Key Management Personnel**
There are no employees at the charity, so there are no key personnel to list and disclose here.
## **Trustee Remuneration**
During the year 0 trustees received remuneration, as all the trustees are unremunerated.
## **Trustee Expenses**
During the year the all the trustees submitted expenses for the running of the events, as that's how the events are funded. Therefore, the total funded was the total expenditure of £9,186. All expenses were incurred for the day-to-day running of the charity's activities. These expenses were predominantly for event-related costs such as venue hire, equipment, catering, and marketing, which were initially paid by trustees and subsequently reimbursed from charity funds.
## **Trustee Donations**
There are no donations from trustees in the year.
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## **Tangible Fixed Assets**
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Total
Cost
Prior to 1st June 2024 0
Additions in financial year 0
Total as at 31st December 2024 0
Depreciation
Prior to 1st June 2024 0
Additions in financial year 0
Total as at 31st December 2024 0
Net Book Value
As at 31st December 2024 0
As at 31st May 2024 0
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## **Debtors**
## Accounts Receivable
|**Description**|**Amount**|
|---|---|
|Gift Aid|0|
|Trade Debtors|0|
|Total|0|
## Prepayments
|**Description**|**Amount**|
|---|---|
|Prepayments|1,350|
|Total|1,350|
## **Creditors**
Accounts Payable
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Description Amount
Accruals 0
Finance Lease Liabilities 0
Tax & Social Security 0
Trade Creditors 0
Total 0
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## Deferred Income
|**Description**|**Amount**|
|---|---|
|Deferred Income|610|
|Total|610|
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## **Analysis of Charitable Funds**
## Current Year
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Fund Name Opening Balance Income Expenditure Fund Transfers Closing Balance
Unrestricted
The Forge (Unrestricted) 9,865 9,402 9,186 0 10,081
Total 9,865 9,402 9,186 0 10,081
Designated
Battlefields' trips 0 0 0 0 0
(Designated)
The Fuse (Designated) 0 0 0 0 0
Total 0 0 0 0 0
Unrestricted Total 9,865 9,402 9,186 0 10,081
Restricted Total 0 0 0 0 0
TOTAL 9,865 9,402 9,186 0 10,081
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## Prior Year
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Fund Name Opening Balance Income Expenditure Fund Transfers Closing Balance
Unrestricted
The Forge (Unrestricted) 9,865 0 0 0 9,865
Total 9,865 0 0 0 9,865
Designated
Battlefields' trips 0 0 0 0 0
(Designated)
The Fuse (Designated) 0 0 0 0 0
Total 0 0 0 0 0
Unrestricted Total 9,865 0 0 0 9,865
Restricted Total 0 0 0 0 0
TOTAL 9,865 0 0 0 9,865
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The prior year funds represent the initial transfer of assets from the unincorporated 'The Forge' association upon the establishment of the CIO.
## **Fund Transfers**
There were no Fund Transfers this financial year.
## **Fund Descriptions**
|**Name**|**Description**|
|---|---|
|The Forge|The Forge - 24-hours men's outreach event|
|Battlefields trips|Men's outreach trips to visit the battlefields of Europe|
|The Fuse|The Fuse - Young person's praise and worship night|
## **Transactions to Related Parties**
There were no transactions to related parties.
## **Prior Period Adjustment**
There were no prior year adjustments.
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