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ANNUAL REPORT
AND FINANCIAL STATEMENTS
For the year ending 31 March 2024
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|**1.**|**LEGAL AND ADMINISTRATIVE DETAILS**|**5**|
|---|---|---|
|**2.**|**TRUSTEES REPORT**|**7**|
|**3.**|**OVERVIEW AND VISION**|**10**|
|**4.**|**ACTIVITY DURING THE REPORTING PERIOD**|**12**|
|**5.**|**INDEPENDENT AUDITORS REPORT TO THE TRUSTEES**|**15**|
|**6.**|**STATEMENT OF FINANCIAL ACTIVITIES**|**19**|
|**7.**|**STATEMENT OF FINANCIAL POSITION**|**20**|
|**8.**|**STATEMENT OF CASHFLOWS**|**21**|
|**9.**|**NOTES TO THE ACCOUNTS**|**22**|
|**10.**|**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**|**29**|
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Edge Ministries Report - Year ending 31 March 2024
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Trustees Mr Alan Philip Price Mr Anthony William Pearse Mr Stephen Kenneth Martin Chief Executive Officer Mr C Beech Operations Director Mr S Martin Registered Office Chesterfield Road Staveley Chesterfield Derbyshire S43 3XD Registered Charity Number 225483 Bankers Lloyds Bank plc Unit 14 White River Shopping Centre St Austell Cornwalll PL25 5AZ Independent Auditors Stopfords (Mansfield) Ltd Synergy House 7 Acorn Business Park Commercial Gate Mansfield Nottinghamshire NG18 1EX Approved by the Board of Trustees and signed on its behalf by
> Mr Alan Philip Price 30/01/2025 Trustee
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Edge Ministries Report - Year ending 31 March 2024
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The Trustees present their report and the independently examined financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and 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 published in October 2019.
## **Trustees of the charity**
The trustees who have served during the year and since the year end were as follows:
Mr A P Price
Mr A W Pearse
Mr S K Martin
Power to appoint trustees rests with the board of trustees, by reference to a process defined in the governing document.
## **Training of new trustees**
The charity recognises the requirement to keep Trustees current in order to best administrate the charity and give help and advice to the Staff team. Training and updates from the Charity Commission will be given and circulated as frequently as possible.
## **Objects of the charity**
The object of the charity is to advance the evangelical Christian religion anywhere in the world in accordance with the basis of faith, including by (but not limited to):
- A. supporting churches, church planting and church leaders,
- B. supporting, teaching, instructing and encouraging Christians in their faith,
- C. working to prevent and relieve poverty,
- D. working to prevent and relieve loneliness,
- E. providing training and guidance in general life skills,
- F. supporting victims of abuse and people with addictions.
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Edge Ministries Report - Year ending 31 March 2024
## **Organisation of the charity**
The charity is governed by a trust deed 23 September 1964, amended 28 March 2008, 15 November 2019, 24 August 2022 and 6 September 2022. The running of the charity is overseen by a board of trustees. The trustees meet two to three times each year to oversee the ministry and staff. In between trustees' meetings, the Chief Executive Officer meets regularly with the Chairman of Trustees. Edge Ministries aims to have about three trustees who together bring to the board a selection of competencies such as evangelism, accountancy, human resources and management. The chairman is elected every year at the AGM, and trustees serve for a three-year term, when they may be re-elected by other trustees.
Arrangements for setting pay and remuneration of key management personnel rest with the board of trustees.
The trustees and executive staff manage the charity's finances through a rigorous budgeting and monitoring process. This process begins with the annual budget, which is approved by the trustees, which is then monitored against actual outcome on a continual basis and at the regular management meetings with the Chairman.
The Chief Executive Officer has informed the trustees that, due to health reasons, he anticipates his role changing in the next reporting period.
## **Fundraising Practices**
The charity employs a part time Fundraiser to research and submit grant and trust fund applications on its behalf. An annual Christmas appeal is also made. Edge Ministries has always been blessed by multiple regular generous gifts
## **Public Benefit**
The trustees have considered the Charity Commission’s guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
## **Reserves policy**
The trustees policy is to aim to retain sufficient cash and liquid assets to meet commitments in case the charitable company ceases to operate. Wherever possible we would consider this to be 2 months salaries and overheads.
## Investment policy
There are no specific restrictions on the trustees' investment powers. The charity has no long-term investments or endowments. Cash surplus to monthly requirements is held in two savings accounts.
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Edge Ministries Report - Year ending 31 March 2024
## **Risk analysis**
Risk management is the process of making and carrying out decisions that will minimise the adverse effect of accidental losses upon the charity. The risk management process is vital to the personal health and safety of employees and the safety of the public. In financial terms, it is vital to our ability to pursue our goals, commence and operate programs and events, and to work out our charitable aim in an efficient and professional manner.
The trustees of The Edge Ministries have put in place a risk management strategy to pursue our risk management goals and objectives. These goals and objectives include:
1. Avoiding exposure to accidental loss by not undertaking events, contracts, or activities where the potential loss is greater than the potential benefit to be derived from these undertakings,
2. Preventing loss by identifying potential loss exposures and implementing policies and procedures to reduce the risk of these losses occurring,
3. Controlling losses that do occur by:
- a. Developing contingency plans for possible loss scenarios
- b. Proper documentation and investigation of losses
4. Raising the awareness of all Trustee board members, employees, and volunteers concerning risk management within The Edge Ministries.
- These goals and objectives will be accomplished by:
- a. Establishing a Risk Management Committee led by the Chief Executive Officer, whose responsibilities will be to implement, monitor, evaluate and revise plans to achieve our goals and objectives,
- b. Financial risk management to be monitored on a continual basis by the executive staff and any risks forthcoming to be reported to the chairman of the trustees at the regular meetings with the executive staff,
- c. Risk management is a standing item for discussion at each weekly team meeting
5. Cooperation is needed from all Trustees, employees and volunteers. Only by working as a team with common goals and objectives can we ensure the success of this risk management strategy and its part in working out our aims and vision.
## **Trustees responsibilities**
The trustees are responsible for preparing financial statements in accordance with applicable law and United Kingdom generally accepted accounting practice.
Charity law requires the trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing those financial statements, the trustees are required to:
Select suitable accounting policies and apply them consistently,
Make judgements and estimates that are reasonable and prudent,
Prepare financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and 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. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.
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Edge Ministries Report - Year ending 31 March 2024
## **Reaching Forgotten people in forgotten places**
Edge Ministries is an evangelical Christian mission focused on providing hope and help for all in forgotten places. We do this in several ways:
## **The Edge Faith Community**
In Chesterfield, at the heart of the UK, we have established our Edge Faith Community, a band of missionaries committed to proclaiming Christ, serving the poor, living to a set of simple Christ centred values, and practicing what it means to live as a dispersed community together. Regularly sharing communion meals, committing to serve our wider community, following a simple rule of life called ‘Stuff we do’ and keeping the sabbath holy. We operate ‘open living rooms’ as a place of welcome and hospitality. We worship, pray, and eat together regularly. Everything we do points to gathering around a table, and the table points to Christ. This is our ‘church’ community, dispersed across three sites in Chesterfield.
## **Edge Centres**
These are rescue centres that are manned by a team of local volunteers, alongside expert help from our associates to provide all manner of help, hope and interventions. Offering housing, benefits and debt advice, parenting courses, toddler groups, recovery work, counselling, community gardens, drop in cafes, social activities, preloved school uniform shops, community support groups and more. Each Edge Centre offers a warm, non-judgmental welcome to all, regardless of gender, race, or religion in the local community.
## **Evangelism**
As a ministry we are completely committed to evangelism and outreach. The teams at each Edge Centre are passionate about sharing their faith in a friendly and non-judgmental manner. During the reporting period we created the role of Community Chaplain to work across our Chesterfield centres, both within our Faith Community, to support those new to faith, and the local communities.
## **Mission partnerships and Alliances**
We work closely with many national and local mission agencies to power the Edge Centres, projects within the Edge Community and our associate Edge Centres across the country.
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Edge Ministries Report - Year ending 31 March 2024
## **Churches and Edge Faith Community hubs**
We have a network of churches and leaders across the country, who mutually support, encourage, and pray for each other. They all have a heart for the poor and are working in acutely deprived communities. We also work with a small number of churches to help them get on the front foot of mission or help them through difficult seasons.
We are working across the UK to establish regional Edge Faith Community hubs. These will be selffinancing but drawing on the model and rules of life being developed in the Chesterfield EFC. One of these Edge Centres was opened by Darlington Baptist Church in the reporting period.
## **Staff**
The staff team comprises of mainly part time staff, both on payroll and contractors. In the reporting period new roles included Staveley Café / Foodbank supervisor, Holme Hall Centre manager, Community Chaplain, Facilities and Maintenance manager.
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Edge Ministries Report - Year ending 31 March 2024
This year has seen continued growth across our main hub in Chesterfield, and the growth of services provided from the Edge Centre’s. We completed the transfer of the Tupton and Holme Hall Edge Centres and these are now reflected on our balance sheet.
## **Chesterfield**
## **Staveley**
Edge continues to operate its National HQ from leased offices in Staveley Methodist Church. Discussions are ongoing regarding a 10 year lease for the majority of the building, allowing us to expand our projects and services to the community. The office space is shared with our partner organisation Christian Vison for Men (CVM). The Edge Centre also operates out of the building, with all projects and services free to all visitors. Strong links have been formed with the local council, health providers and various other local agencies and support groups.
During the reporting period the following projects were operating:
- Community café with free advice, numbers attending the café are 30 – 35 weekly, with 2-3 receiving advice from the on-site advisor.
- Communion meal. Around 25 – 30 now attend the Communion meals on a regular basis.
- Foodbank. The local independent Foodbank were rendered ‘homeless’ during the reporting period. The transfer of premises to the Edge Centre was undertaken with 1 months’ notice. The long-term plan is to move to a Pantry model within the next reporting period.
- Community garden project continues to grow (!) on land to the front and rear of the building.
- Bingo – 25-30 older people attend this social time weekly.
- Youth Club. A monthly club for school years 6-9, with an average of 35 young people attending.
- Little Stars toddler group. Weekly group with average of 25 children present.
- Pre-loved school uniform project. Uniform ‘events’ held three times a year, and also available in emergencies on a one-to-one basis as required outside of these main events.
- A very successful Christmas event was held in partnership with a local Community Group with over 250 children meeting Santa!
## **Tupton**
The legal transfer of Tupton Evangelical Church to Edge Ministries completed in July 2023.
The following projects were operating in the reporting period:
- Community Café, with an average of 15 weekly.
- Little Stars toddler group with an average of 16 children weekly
- Communion meal with an average of 20.
- Preloved school uniform event, 3 times annually.
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Edge Ministries Report - Year ending 31 March 2024
## **Holme Hall**
The Legal transfer of Holme Hall community centre to Edge Ministries completed in May 2023. This included the Trust document under which the building is held.
The following projects were operating in the reporting period:
- Community Café, with an average of 15 weekly.
- Little Stars toddler group with an average of 24 children weekly
- Communion meal with an average of 25.
- Preloved school uniform event, 3 times annually.
- Totcycle – baby equipment and support hub.
## **Town wide**
the three centres and communities operate as one Edge Faith Community, coming together regularly to worship, eat together and socialise. This includes monthly worship evenings and quarterly communion meals (‘Feastivals’). Three ‘Edge Presents’ outreach evenings were held with approx 80 people from across the EFC coming together to hear testimony / gospel message.
## **Edge Centres**
During the reporting period in addition to the centres in Chesterfield there were 2 Edge Centres operating across the country, with the specialist support provided by our partners, The Freedom Project.
## **Partner Ministries**
- Freedom Project continue to provide the professional expertise to Edge Centres in the areas of Financial, Housing and Debt advice.
- Kids Matter – some of the team are fully trained and a course was run for 6 parents at Tupton.
- Totcycle - mums hubs and baby equipment
## **National Events**
- Ladies Rise up. Edge Ministries ladies weekend was held in March 2024, with over 70 ladies coming together to pray and explore their calling to serve God in their local community and raise up leaders from across the Edge Faith Communities.
- A 24 hour retreat was held for 8 Church leaders from around the country to pray together and consider how the work can grow nationally.
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Edge Ministries Report - Year ending 31 March 2024
## **Summary**
The board believes Edge Ministries is perfectly placed to provide a growing level of support and hope to many in some of the most challenging areas of deprivation in the UK.
The Trustees are thankful to God for the financial support from individuals, churches and trust fund grants that have enabled the work to grow over the reporting period, which places Edge Ministries in a sound position as reported in the annual accounts.
Approved by the Board of Trustees and signed on its behalf
Mr Alan Philip Price 30/01/2025
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Edge Ministries Report - Year ending 31 March 2024
## **Opinion**
We have audited the financial statements of The Edge Ministries (the ‘charity’) for the year ended 31 March 2024 which comprise the Statement of Financial Activities, Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charity's affairs as at 31 March 2024, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
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Edge Ministries Report - Year ending 31 March 2024
## **Other information**
The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon.
The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
- the information given in the trustees' report is inconsistent in any material respect with the financial statements; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
As explained more fully in the trustees’ responsibilities statement set out on page 7, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
## **Auditor’s responsibilities for the audit of the financial statements**
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate,
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they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Extent to which the audit was considered capable of detecting irregularities, including fraud
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:
- We obtained an understanding of laws and regulations that affect the charity, focusing on those that had a direct effect on the financial statements or that had a fundamental effect on its operations. Key laws and regulations that we identified included the Charities Act 2011, Charities Act 2022, the Charities (Accounts and Reports) Regulations 2008 and Charity Commission guidance.
- We enquired of the trustees, reviewed correspondence and reviewed trustees meeting minutes for evidence of non-compliance with relevant laws and regulations. We also reviewed controls the trustees have in place to ensure compliance.
- We gained an understanding of the controls that the trustees have in place to prevent and detect fraud. We enquired about any incidences of fraud that had taken place during the accounting period.
- The risk of fraud and non-compliance with laws and regulations and fraud was discussed within the audit team and tests were planned and performed to address these risks. We identified the potential for fraud in the following areas: misappropriation of cash and other assets.
- We reviewed financial statement disclosures and tested to supporting documentation to assess compliance with relevant laws and regulations discussed above.
- We enquired of the trustees about actual and potential litigation and claims.
- In addressing the risk of fraud due to management override of internal controls we tested the appropriateness of journal entries and assessed whether the judgements made in making accounting estimates were indicative of a potential bias.
- We performed analytical procedures to identify any unusual or unexpected relationships that might indicate risk of material misstatement due to fraud.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
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Edge Ministries Report - Year ending 31 March 2024
## **Use of our report**
This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Mr Phillip Nicholson (Senior Statutory Auditor) for and on behalf of Stopfords (Mansfield) Ltd Chartered Accountants Statutory Auditor
## 30/01/2025
Synergy House 7 Acorn Business Park Commercial Gate Mansfield Nottinghamshire NG18 1EX
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Edge Ministries Report - Year ending 31 March 2024
|**Notes**
**Income and endowments from:**
Donations and legacies
3
Other trading activities
4
Other income
5
**Total income**
**Expenditure on:**
Charitable activities
6
Other
**Total**
**Net income/(expenditure)**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2024**
**£**
329,795
26,842
1,575,344
**1,931,981**
342,072
**342,072**
**1,589,909**
274,143
**1,864,053**|**Unrestricted**
**funds**
**2023**
**£**
246,075
28,565
**274,640**
224,296
33,336
**257,632**
**17,008**
257,135
**274,143**|
|---|---|---|
The notes on pages 22-28 form part of these financial statements
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Edge Ministries Report - Year ending 31 March 2024
|**Notes**
**Fixed assets**
Tangible assets
9
**Current assets**
Stock
10
Debtors
11
Cash at bank and in hand
12
**Current assets**
Creditors - amounts due within one year
13
**Net current assets**
**Total assets less current liabilities**
**The funds of the charity**
Unrestricted income funds
14
**Total funds**|-
3,578
91,653
95,231
6,321|**2024**
**£**
1,775,143
30,710
119,373
150,083
31,062
88,910
**1,864,053**
1,864,053
**1,864,053**|**2023**
**£**
155,122
119,021
**274,143**
274,143
**274,143**|
|---|---|---|---|
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mr A P Price **Trustee Date** 30/01/2025
The notes on pages 22-28 form part of these financial statementsf f f
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Edge Ministries Report - Year ending 31 March 2024
|**Notes**
**Cash flows from operating activities**
Net income/(expenditure)
_Adjustments for:_
Depreciation of tangible fixed assets
Other interest receivable and similar income
Loss on disposal of tangible fixed assets
Accrued expenses
_Changes in:_
Stocks
Trade and other debtors
Trade and other creditors
Cash generated from operations
Interest received
Net cash used in operating activities
**Cash flows from investing activities**
Purchase of tangible assets
Proceeds from sale of tangible assets
Net cash from/(used in) investing activities
**Net decrease in cash and cash equivalents**
**Cash and cash equivalents at beginning of year**
**Cash and cash equivalents at end of year**
12|**2024**
**£**
1,589,909
3,065
27,133
(24,742)
1,595,365
1,595,365
(1,623,086)
(1,623,086)
(27,720)
119,373
91,653|**2023**
**£**
17,008
-
122
-
-
-
-
2,626
31,062
50,818
50,818
-
-
-
50,818
68,555
119,373|
|---|---|---|
The notes on pages 22-28 form part of these financial statements
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Edge Ministries Report - Year ending 31 March 2024
## **1. Accounting policies**
## **a. Basis of accounting**
The Edge Ministries is a charity registered in England, governed by a trust deed dated . In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 3 of these financial statements. The nature of the charity’s operations and principal activities are disclosed on page 2.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **b. Judgements and key sources of estimation uncertainty**
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **c. Critical judgements**
The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.
**Depreciation** The trustees review depreciation rates and useful lives of the tangible fixed assets on an annual basis to ensure the effects of usage, wear and tear or technical obsolescence are reflected in the carrying value of the asset.
## **Impairment**
The trustees review fixed assets for indications of impairment in conjunction with review of depreciation above. The charity has policies in place to review assets on an ongoing basis.
## **d. Going concern**
These financial statements are prepared on the going concern basis. The trustees have a reasonable expectation that the company will continue in operational existence for the foreseeable future.
The trustees have considered the level of cash, current assets held and the expected level of income and expenditure for 12 months from authorising these financial statements and reinforce decision making with forecasting, making allowance for all available information.
The trustees consider that the Charitys main activities are underpinned adequately by donations and income from Charitable actvities. After careful consideration and evaluation of current management information and forecasts they continue to adopt the going concern basis of preparation.
## **e. Financial instruments**
## **Debtors and creditors receivable/payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
## **f. Income**
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not deferred over the life of the asset.
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Edge Ministries Report - Year ending 31 March 2024
## **1. Accounting policies (continued)**
## **f. Income (continued)**
Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.
Legacies are accounted for when notified. Income tax recoverable on gifts received is recognised in the period when the gift is received.
## **g. Investment assets and the income arising**
Investment income is treated as income when received.
## **h. Expenditure recognition**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
## **i. Fund raising**
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities
## **k. Tangible fixed assets**
Fixed assets are recognised at cost.
Depreciation is charged on fixtures and fittings at a rate of 20% per annum.
Land and buildings were introduced at valuation for insurance purposes.
## **l. Stock**
Stocks are stated at the lower of cost and estimated selling price.
## **m. Funds accounting**
Funds held by the charity are:
(a) Unrestricted general funds - these funds can be used in accordance with the charitable objects at the discretion of the trustees.
(b) Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements
(c) Restricted funds - these are funds that can only be used for a particular restricted purpose within the objects of the charitable company. Restrictions arise when specified by the donor when funds are raised for particular purposes.
## **n. Pension costs**
The charity operates a defined contribution pension scheme. Contributions payable to this scheme are charged to the Statement of Financial Activities in the period to which they relate. These contributions are invested separately from the charity’s assets.
Page 23 of 32
Edge Ministries Report - Year ending 31 March 2024
|**2. Net income is stated after charging**
**2024**
**£**
Depreciation of tangible fixed assets
3,065
Auditor’s remuneration
2,400
**3. Income from donations and legacies**
**2024**
**£**
**Unrestricted funds**
Donations received
247,487
Grants
82,308
**329,795**
**2024**
**Analysis of grants**
**£**
One Stop Community Partnership Fund - Café and food pantry
1,000
Foundation Derbyshire
14,564
Derbyshire Voluntary Action
1,000
Blue Arrow Trust
2,000
Chesterfield Borough Council - Community Garden
1,000
Rural Action Derbyshire
13,500
Chesterfield Borough Council - Duckmanton Edge Centre Grant
6,000
Staveley Presents - Christmas Event Catering
535
Derbyshire County Council - Warm Spaces
1,000
National Lottery Community Fund - cost of living support
14,229
Foundation Derbyshire - Community Garden
2,420
Derbyshire Community Hub - Food pantry
60
Deo Gloria Trust
3,000
Stewardship Grant
15,000
Duke of Devonshire
5,000
Anonymous donors
2,000
Tupton Parish Council
Staveley Town Council
Crowdfunder UK
National Grid - Community Matters
82,308
**4. Income earned from other activities**
**2024**
**£**
Events
16,139
Rental income
6,703
Edge centres
4,000
**26,842**
**5. Other income**
**2024**
**£**
Transfer of property
1,575,344
**1,575,344**
Transfer of property comprises Land and Buidlings at the Holme Hall and Tupton Edge Centres.|**2023**
**£**
122
-
**2023**
**£**
219,086
26,989
**246,075**
**2023**
**£**
10,000
2,000
200
4,789|
|---|---|
||10,000
26,989
**2023**
**£**
16,625
5,940
6,000
**28,565**
**2023**
**£**
-
**-**|
Page 24 of 32
Edge Ministries Report - Year ending 31 March 2024
**----- Start of picture text -----**
6. Expenditure on generating donations and legacies 2024 2023
£ £
Charitable actvities
Unrestricted funds
Mission work 118,577 101,953
Support costs 223,495 122,343
342,072 224,296
7. Analysis of support costs 2024 2023
£ £
Support Costs
Bank charges 725 712
Events 15,633 25,883
Fund raising costs 19,655 10,554
Insurance 3,020 1,610
IT, website and design 1,524 3,154
Light and heat 8170 3284
Office costs 21,930 4,329
Post and stationery 442 301
Telephone 1210 367
Travel and subsistence 13,318 11,966
Staff Salaries 69,659 26,935
Self Employed Contractors 28,237
Safeguarding 684 287
Property (Maintenance) 4,001 11,032
Property (Rent) 28,062 14,310
Depreciation 3065 122
219,334 114,843
Governance costs
Legal fees 296 3,512
Accountancy fees 1,465 3,988
Auditors remuneration 2,400
223,495 122,343
Other costs
Edge Events Ltd - debt written off - 26,600
Historic debt written off - 6,736
- 33,336
8. Staff costs and emoluments 2024 2023
£ £
Salaries and wages 68,620 26,935
Social security - -
Pension 1,039
69,659 26,935
Average number of staff for the year 4.75 3
Average number of staff - based on equivalent full time
Support staff 3.80 3
**----- End of picture text -----**
Page 25 of 32
Edge Ministries Report - Year ending 31 March 2024
|**9. Tangible fixed assets**
**Cost or valuation**
At 01 April 2023
Additions during the year
Disposals during the year
At 31 March 2024
**Depreciation**
At 01 April 2023
Charge for year
Eliminated on disposals
At 31 March 2024
**Net book values**
At 31 March 2024
At 31 March 2023
**10. Stock**
Food Bank - Pantry stock
**11. Debtors**
**Amounts due within one year:**
Amounts due by group and associated undertakings
Invoiced debtors
Other debtors
**12. Cash at bank and in hand**
Lloyds current account
Lloyds treasury account
Lloyds covenant account
Stripe
Petty cash|**Total**
**£**
**£**
**£**
**£**
**£**
155,000
29,948
11,609
366
196,923
1,608,373
14,713
1,623,086
(29,948)
(11,609)
(41,557)
1,763,373
-
14,713
366
1,778,452
-
29,948
11,609
244
41,801
-
-
2,943
122
3,065
(29,948)
(11,609)
(41,557)
-
-
2,943
366
3,309
1,763,373
-
11,770
-
1,775,143
155,000
-
-
122
155,122
**2024**
**2023**
**£**
**£**
-
-
**2024**
**2023**
**£**
**£**
220
2,100
3,358
28,610
**3,578**
**30,710**
**2024**
**2023**
**£**
**£**
69,188
101,963
20,883
17,113
66
66
954
210
562
21
**91,653**
**119,373**
**Land and**
**Buildings**
**Plant and**
**Machinery**
**Fixtures and**
**Fittings**
**Computer**
**Equipment**|
|---|---|
Page 26 of 32
Edge Ministries Report - Year ending 31 March 2024
## **13. Creditors**
|**Amounts due within one year:**
Supplier invoices
Deferred income
Accruals
Other creditors|**2024**
**£**
3,611
2,400
310
**6,321**|**2023**
**£**
1,596
15,000
14,466
**31,062**|
|---|---|---|
## **14. Movement in funds**
|**Unrestricted Funds**
General fund
Designated funds
Holme Hall Refurbishment
Community Pantry
Community Garden
Warm Spaces
Christmas Event
Cost of Living Support
Duckmanton
Community Chaplain
CVW|**01/04/2023**
**Transfers**
**31/03/2024**
**£**
**£**
**£**
**£**
**£**
271,867
1,871,673
(306,804)
-
1,836,737
2,276
3,162
(2,609)
2,829
25,962
(7,756)
18,206
3,420
(1,000)
2,420
2,000
(2,000)
535
(535)
14,229
(14,229)
6,000
(3,855)
2,145
3,000
(3,000)
2,000
(284)
1,716
2,276
60,308
(35,268)
27,316
**274,143**
**1,931,981**
**(342,072)**
**1,864,053**
**Incoming**
**resources**
**Outgoing**
**resources**|
|---|---|
## **Purpose of unrestricted designated funds**
Holme Hall Refurbishment General refurbishment of the Holme Hall building. Community Pantry Setup and operation of community pantry at Staveley Community Garden Specific funding for community garden at Staveley Warm Spaces Generic funding for warm spaces across Edge Centres Christmas Event Christmas community event at Staveley Cost of Living Support Operation of community pantry and café at Staveley Duckmanton Setup and operation of café at Duckmanton Community Chaplain Contribution to Community Chaplain project CVW Establishing CVW ministry
Page 27 of 32
Edge Ministries Report - Year ending 31 March 2024
|**15. Analysis of net assets between funds**
**Unrestricted funds**
General
Designated
**Previous year**
**Unrestricted funds**
General|**Total**
1,775,143
86,081
1,861,224
2,829
2,829
**1,775,143**
**88,910**
**1,864,053**
**Total**
155,122
119,021
274,143
**155,122**
**119,021**
**274,143**
**Tangible fixed**
**assets**
**Net current**
**assets**
**Tangible fixed**
**assets**
**Net current**
**assets**|
|---|---|
Page 28 of 32
Edge Ministries Report - Year ending 31 March 2024
|**INCOME AND ENDOWMENT**
**Donations and legacies**
Gift aid
Donations
Grants
**Other trading activities**
Events
Rents received
Edge centres
**Other income**
Transfer of property
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Mission work
**SUPPORT COSTS**
**Support Costs**
Support Costs
**Governance costs**
Governance costs
**Other costs**
Edge Events Ltd - debt written off
Historic debt written off
**Total resources expended**
**Net Income**|**2024**
**£**
15,507
231,980
82,308
**329,795**
16,139
6,703
4,000
**26,842**
1,575,344
**1,575,344**
**1,931,981**
118,577
**118,577**
219,334
**219,334**
4,161
**4,161**
**342,072**
**1,589,909**|**2023**
**£**
15,744
230,331
**246,075**
16,625
5,940
6,000
**28,565**
**274,640**
101,953
**101,953**
114,843
**114,843**
7,500
**7,500**
26,600
6,736
**33,336**
**257,632**
**17,008**|
|---|---|---|
Page 29 of 32
Edge Ministries Report - Year ending 31 March 2024
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. heDGe ,
MINISTRIES
Chesterfieldld'ad
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## edge-ministries-annual-report-2023-24 INDESIGN
## Final Audit Report
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