2022-12-31-accounts - Day One Christian Ministries

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

DAY ONE CHRISTIAN MINISTRIES FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Day One Christian Ministries Ryelands Road Leominster, Herefordshire, HR6 8NZ Telephone: 01568 613740 Fax: 01568 611473

Company Number: 260869 Charity Number: 233465

The charity exists to

“Uphold and proclaim the Lord’s Day as: A creation ordinance A command of God A celebration of the resurrection of the Lord Jesus Christ A day of rest and worship of the glory of God and the benefit of man”

DAY ONE CHRISTIAN MINISTRIES FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

Contents	Page
Important information	1
Notice of meeting	2
Report of the directors	3-5
Report of the Independent Examiner	6
Statement of financial activities	7
Balance sheet	8
Notes to the financial statements	9-14

DAY ONE CHRISTIAN MINISTRIES

Directors of the Charity

Rev Clive Anderson Rev Don Olden Rev Gareth James Rev Colin Jones (Chairman) Rev Howard Sayers Rev Dr Jim Winter Rev Ian Cooper David Hails (appointed 20 October 2022)

President

Mr John Roberts

Managing Director and Company Secretary

Mr Mark Roberts

Key Management Personnel

The directors and Mr Mark Roberts

Staff and Addresses

Headquarters and registered office Day One Christian Ministries Ryelands Road Leominster, Herefordshire, HR6 8NZ

Telephone: 01568 613740 Fax: 01568 611473

Independent Examiners

Jacob Cavenagh & Skeet 5 Robin Hood Lane Sutton Surrey SM1 2SW

Bankers

Barclays Bank plc 81 Sydenham Road Sydenham London SE26 5UA

CAF Bank Limited PO BOX 289 West Malling Kent ME19 4TA

DAY ONE CHRISTIAN MINISTRIES

NOTICE OF MEETING

Notice is hereby given that the 82nd annual general meeting of Day One Christian Ministries will be held (DV) on 13 July 2023 at DayOne offices and on Zoom at 1pm for the following purposes:

To receive the financial statements for 2022 and the report of the independent examiner thereon.
To re-elect the following directors:

Rev Clive Andersen, Rev Ian Cooper, Rev Gareth James, Rev Colin Jones

who retire under article 26b of the Charity Memorandum and Articles of Association and, being eligible, offer themselves for re-election.

BY ORDER OF THE BOARD

Mr Mark Roberts

Company Secretary

Day One Christian Ministries Ryelands Road Leominster Herefordshire, HR6 8NZ

DAY ONE CHRISTIAN MINISTRIES

REPORT OF THE DIRECTORS

(continued)

The directors present their annual report and the financial statements for the year ended 31 December 2022, which have been prepared in accordance with the Companies Act 2006 and in accordance with the Charities Statement of Recommended Practice (Charities SORP (FRS 102)) and Financial Reporting Standard 102 (FRS 102).

Objectives and activities

Charitable objects

The Charity is governed by its Memorandum and Articles of Association. These state the Charity’s two objects that bring spiritual, moral and practical benefits to all people:

To maintain the sanctity of the Lord’s Day
To maintain and promote the beliefs set out in the Basis of Constitution.

When planning the charity’s activities, the directors have considered the Charity Commission’s guidance on public benefit. In order to achieve this, the below policies have been set out.

Policies to further our objects

Extend our ministry within HM Prisons through the Charity’s diary.
Extend our ministry of helping to produce books for Third World Countries.
Extend our range of publications.

Structure, governance and management

The Charity is run by a Board of Directors, who act as Trustees of the Charity. The directors are drawn from churches throughout the United Kingdom . New directors are appointed by the existing directors and they are inducted and trained as part of the directors’ meetings. Overall responsibility for the Charity’s day-to-day management is delegated to Mr Mark Roberts. He, along with the directors are considered to be key management personnel and their remuneration and benefits, including expenses reimbursed are set out in note 10 to the financial statements. The pay of senior staff is reviewed annually and normally increased in accordance with average earnings.

Risk management

The directors have considered the major risks to which the Charity is exposed and confirm that systems are in place to mitigate those risks.

Achievements and performance

Covid 19

2022 was another year that started with Covid restriction and ended with a cost of living crisis. This naturally has had an impact on all the work that we do and will do in 2023. However sales have slightly increased and we received two large legacies, we are thankful to God for His provision.

Speaking engagements and events

John Roberts spoke at churches and events throughout the UK. Some of our Council Members also took meetings on behalf of the charity. We plan to increase the number of people that take meetings for the Charity as John Roberts has now retired and stopped taking meeting on behalf of the charity. Churches can contact the office if they would like a speaker to come to their church. All of these meetings are free to attend and open to the public. We are also attending and exhibiting at a number of events in the UK, some by invitation and others to exhibit.

DAY ONE CHRISTIAN MINISTRIES

REPORT OF THE DIRECTORS

(continued)

Prison Ministry

Last year over 180,000 diaries were distributed within prisons and youth centres throughout the UK and abroad. Last year was the 44th Anniversary of our prison ministry. We plan to continue printing diaries in 2023 in order to fulfil demand. We now have a dedicated web site for the prison work. www.prisons.dayone.co.uk. The cost of printing the diaries mainly due to the cost of paper has increased and we are thankful to God for the higher donations towards this work.

Publications

The Charity continued to expand its range of literature for both adults and young people. Books continue to be sent to Africa and third world countries and are also donated to Christian organisations for evangelistic outreach. Grace Distribution led by Ben Knerr continues to distribute our products in the USA now under CVBBS in order to extend this work. We also now have a number of distributors in various parts of the world. Due to demand and requests we are also increasing our range of general greetings cards and stationery items.

Day One Tours

Over the past years the Charity has led and promoted parties to the Holy Land and various other destinations. We also arrange tours around the British Museum on a regular basis. These are led by Mike Keeping and others from the trustees and a number of others outside of the trusteeship. These tours are available to the general public who will gain much information from them. We also run a number of events linked to some of our books. The two most popular are Evidence for the Bible and God’s Tree. Details of these events are on the web site, are free of change and open to anybody to attend.

Financial review

Overall, the charity made a surplus of £101,351 (2021: surplus of £76,910). The balance sheet shows net assets of £992,520 (2021: £891,169) including bank and cash balances of £236,035 (2021: £90,490).

Reserves

The trustees regularly review the level of reserves held by the Charity. The trustees consider that the free reserves of £432,075 are sufficient but not excessive, and will ensure that the Charity is able to continue to fulfil its charitable objectives for many years to come.

Investment powers

The directors have discretion on how to invest surplus Charity funds.

Directors

Members of the Board of Directors, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are shown on page 1.

DAY ONE CHRISTIAN MINISTRIES

REPORT OF THE DIRECTORS

(continued)

Directors’ responsibilities

The trustees (who are also directors of Day One Christian Ministries for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue its operations.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company

The above report is prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

BY ORDER OF THE BOARD

Rev Colin Jones Chairman

13 July 2023

Day One Christian Ministries Ryelands Road Leominster Herefordshire HR6 8NZ

REPORT OF THE INDEPENDENT EXAMINER

TO THE TRUSTEES OF

DAY ONE CHRISTIAN MINISTRIES

Independent examiner’s report to the trustees of Day One Christian Ministries

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022 set out on pages 7 to 14.

Responsibilities and basis of report

As the charity’s trustees (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charites Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
the accounts have not been prepared in accordance with the methods and principles 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 the Republic of Ireland (FRS 102)

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.

Richard Haffenden MA FCA Jacob Cavenagh & Skeet 5 Robin Hood Lane Sutton Surrey SM1 2SW

Date: July 2023

DAY ONE CHRISTIAN MINISTRIES

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 DECEMBER 2022

2022 2022 Unrestricted Restricted Funds Funds Note £ £ Income from: Donations and legacies 228,834 37,302 Charitable activities Sales of publications 233,766 - Other income 2 - - Total income 462,600 37,302 Expenditure on: Raising funds 16,086 - Charitable activities 344,637 37,828 Total expenditure 4 360,723 37,828 Net income/(expenditure) 101,877 (526) Transfer between funds (526) 526 Net movement in funds 101,351 - Reconciliation of funds Funds at 1 January 891,169 - Funds at 31 December 992,520 -	2022 2021 2021 Total Unrestricted Restricted Funds Funds Funds £ £ £ 266,136 171,387 32,209 233,766 211,620 - - 36,293 - 499,902 419,300 32,209 16,086 7,845 - 382,465 332,990 33,764 398,551 340,835 33,764 101,351 78,465 (1,555) - (1,555) 1,555 101,351 76,910 - 891,169 814,259 - 992,520 891,169 -	2021 Total Funds £ 203,596 211,620 36,293 451,509 7,845 366,754 374,599 76,910 - 76,910 814,259 891,169

DAY ONE CHRISTIAN MINISTRIES

BALANCE SHEET

AS AT 31 DECEMBER 2022

Note Fixed assets Tangible assets 5 Current assets Stocks – goods for resale Debtors 6 Cash at bank and in hand Creditors: Amounts falling due within one year Accruals Trade Creditors Net current assets Total assets less current liabilities Represented by: Unrestricted funds Restricted funds 7	2022 £ £ 409,974 150,471 204,859 236,035 591,365 3,200 5,619 8,819 582,546 992,520 992,520 - 992,520	2021 £ £ 404,260 143,969 260,876 90,490 495,335 3,552 4,874 8,426 486,909 891,169 891,169 - 891,169

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2022. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements.

The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

These accounts have been prepared in accordance with the provisions available to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

BY ORDER OF THE BOARD

Rev Colin Jones Chairman 13 July 2023

Company Number: 260869

DAY ONE CHRISTIAN MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1. ACCOUNTING POLICIES

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Basis of accounting

The financial statements have been prepared under the Companies Act 2006 and in accordance with the Charities Statement of Recommended Practice (Charities SORP (FRS 102)) and Financial Reporting Standard 102 (FRS 102). The financial statements are drawn up on the historical cost basis of accounting, and are prepared in sterling, which is the financial currency of the charity, rounded to the nearest £.

Day One Christian Ministries is a private company limited by guarantee incorporated in England and Wales. The registered office is Ryelands Road, Leominster, Herefordshire, HR6 8NZ. The charity meets the definition of a public benefit entity under FRS 102.

The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation. The costs of minor additions or those costing less than £1,000 are not capitalised. Depreciation is provided on all tangible fixed assets, other than freehold buildings, at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life as follows:

Furniture and fittings 10% per annum on reducing balance Computer equipment 33% per annum on a straight line basis

Freehold land and buildings are not depreciated as the directors consider that the useful economic life is so long and the residual value so high as to render any depreciation charge immaterial. The carrying value of the freehold buildings is reviewed annually to consider if any impairment needs to be recognised.

Stocks

Stocks comprise goods for resale and are stated at the lower of cost and net realisable value. It is the policy of the Charity to provide against any stocks that are slow moving or obsolete, and in any event against stocks that are likely to remain in stock five years after the year end date.

Debtors

Income tax receivable and other debtors are included at the settlement amount due. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of opening of the deposit.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probably 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 and provisions are recognised at their settlement amount.

DAY ONE CHRISTIAN MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

(continued)

1. ACCOUNTING POLICIES (continued)

Financial instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Income

Voluntary income

Donations and legacies are accounted for once the charity has entitlement to the income, it is probable the income will be received and the amount of income receivable can be reliably measured.

Investment income

Dividends, interest and rental income is recognised gross in the year of receipt.

Other trading activities

Publication income is stated net of Value Added Tax.

Job Retention Scheme government grant income

For JRS grant income, the income is recognised in the period to which the underlying furloughed staff costs relate to.

Expenditure

Expenditure is accrued as soon as a liability is considered probable, discounted to present value for longer term liabilities. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Raising funds

These comprise the costs associated with attracting voluntary income.

Charitable expenditure

Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those of an indirect nature necessary to support them. They also include governance costs which comprise costs associated with meeting the constitutional and statutory requirements of the Charity and include costs linked to the strategic management of the Charity.

Pension scheme

Pension costs are charged to outgoing resources as they arise.

Exchange gains and losses

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are reported in the SOFA.

Leases

Rentals payable under operating leases are charged to the Statement of Financial Activities on a straightline basis over the lease term.

DAY ONE CHRISTIAN MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

(continued)

2. OTHER INCOME

Government grant: Job Retention Scheme Government grant: Covid-19 Reimbursed legal costs NET INCOME This is stated after charging: Independent examiner’s fee Depreciation EXPENDITURE *Raising* *Charitable* *Funds* *Activities* £ £ Operational costs Advertising and exhibitions 16,086 - Day One magazine - 2,862 Prison Work - 606 Publications - purchases - 133,704 Publications – change in stock - 6,502 Royalties and commissions paid - 5,796 Board and travel - 6,484 Postage - 54,514 Printing and stationery - 13,594 16,086 224,062 Staff costs Pension contributions - 14,569 Salaries and national insurance - 99,978 - 114,547 Premises costs Depreciation - 426 Head office premises expenses - 5,486 Computer costs - 4,821 Insurance - 3,822 Light, heat and water - 9,585 Repairs and renewals - 5,110 Loss on disposal of fixed assets - - - 29,250 Other costs Independent examiners fee - 1,105 Professional fees - 2,143 Realised (gain) on foreign exchange - - Sundry expenses - 1,676 Telephone - 9,682 - 14,606 Total expenditure 16,086 382,465	*2022* £ - - - - *2022* £ 1,105 426 *Total* *2022* £ 16,086 2,862 606 133,704 6,502 5,796 6,484 54,514 13,594 240,148 14,569 99,978 114,547 426 5,486 4,821 3,822 9,585 5,110 - 29,250 1,105 2,143 - 1,676 9,682 14,606 398,551	*2021* £ 24,293 7,000 5,000 36,293 *2021* £ 1,100 473 *Total* *2021* £ 7,845 5,418 1,705 127,405 (10,087) 9,942 4,458 47,514 11,597 205,797 14,354 101,377 115,731 473 9,224 2,767 3,799 7,771 6,285 6,044 36,363 1,100 6,446 ( 167) 1,695 7,634 16,708 374,599

3. NET INCOME

4. EXPENDITURE

DAY ONE CHRISTIAN MINISTRIES NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

(continued)

5. TANGIBLE FIXED ASSETS

*Freehold* *land and* *buildings* *Cost or valuation* £ At 1 January 2022 400,000 Additions - Disposals - At 31 December 2022 400,000 Depreciation At 1 January 2022 - Charge for year - Released on disposals - At 31 December 2022 - Net book value At 31 December 2022 400,000 At 31 December 2021 400,000 6. DEBTORS Trade debtors Income tax recoverable Other debtors Prepayments	*Fixtures* *and* *Computer* *fittings equipment* £ £ 20,956 1,444 - 6,140 - (1,444) 20,956 6,140 16,696 1,444 426 - - (1,444) 17,122 - 3,834 6,140 4,260 - 2022 £ 103,201 3,086 95,594 2,978 204,859	*Total* £ 428,540 6,140 (1,444) 427,096 18,140 426 ( 1,444) 17,122 409,974 404,260 2021 £ 102,871 1,749 152,000 4,256 260,876
	20,956
	16,696 426 -
	17,122
	3,834
	4,260

DAY ONE CHRISTIAN MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

(continued)

7. RESTRICTED FUNDS

Income Expenditure Net expenditure Transfers Balance as at 1 January 2022 Balance as at 31 December 2022		Prison Work Fund 2022 2021 £ £ 37,302 32,209 (37,828) (33,764) (526) (1,555) 526 1,555 - - - -

Prison Work Fund

Resources were used to distribute pocket diaries (with scripture texts) to prisoners via prison chaplains.

A transfer from the general fund to the restricted fund took place to ensure the fund was not in deficit.

8. CONSTITUTION OF THE COMPANY

The company is limited by guarantee and each member is under covenant to contribute a sum not exceeding one year’s subscription in certain circumstances as set out in clause 8 of the Memorandum of Association.

The number of members is 120 (2021: 121).

9. LEASE COMMITMENTS

The total future minimum lease payments under non-cancellable operating leases are payable:

Within 1 year Two to five years The lease expenditure in the year was	2022 £ 8,493 10,014 8,493	2021 £ 8,493 18,507 8,493

DAY ONE CHRISTIAN MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

(continued)

10. EMPLOYEE INFORMATION Wages and salaries Social security costs Other pension costs The average number of persons employed during the year was No employees had emoluments of more than £60,000.	2022 £ 95,830 4,148 14,569 114,547 No 4	2021 £ 97,046 4,331 14,354 115,731 No 4

Directors’ remuneration

The directors received no remuneration and no directors (2021: nil) were reimbursed travelling expenses (2021: £nil).

In addition, certain of the trustees also write books which are published by the Charity. Royalties paid on normal commercial terms to trustees amounted to £nil (2021: £500).

Key Management Personnel

The total employee benefits of the key management personnel of the charity as listed on page 1 were £55,976 (2021: £55,175).

The managing director’s wife received total remuneration of £35,416 (2021: £34,211) and pension contributions of £5,912 (2021: £5,816) for her work. The managing director’s father received total remuneration of £2,188 (2021: £7,200) for his work for the Society.

Pension scheme

The Charity makes defined contributions to a group personal pension scheme. Contributions are recognised when paid and amounted to £14,569 for the year (2021: £14,354).