DAY ONE CHRISTIAN MINISTRIES FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 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 celebralion of the resurrection of the Lord Jesus Christ A day of rest and worship ofthe glory of God and Ihe benefit of man"
DAY ONE CHRISTIAN MINISTRIES FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2023 Contents Page Important information Notice of meeting Report of the directors Report of the Independent Examiner Statement of financial activtties Balance sheet Notes lo the financial slatemenls 9-14
DAY ONE CHRISTIAN MINISTRIES Directors of the Charity Rev Clive Anderson Rev Don Olden Rev Garelh James Rev Colin Jones (Chairman) Rev Howard Sayers Rev Dr Jim Winter Rev lan Cooper (Died 12 December 2023) David Hails Prèsident Mr John Roberts Managing Director and Company Secretary Mr Mark Roberts Key Management Personnel The directors and Mr Mark Roberts Slaff and Addresses Headquarters and registered offic8 Day One Christian Ministries Ryelands Road Leominster, Herefordshire. HR6 8NZ Telephone.. Fax.. 01568 613740 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 SUA 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 (DVI on 11 July 2024 via Zoom and 81 Dayone. Ryelands Road. Leominster. HR6 8NZ at 1pm for the following purposes". 1, To receive the financial statements for 2023 and the report of the independent examiner thereon. BY ORDER OF THE BOARD Mr Mark Roberts Company Secretary Day One Christian Ministries Ryelands Road Leominster Hereford5hire, 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 2023, which have been prepared in accordance wrth the Companies Act 2006 and in accordance with the Charities Statement of Recommended Practice (Charities SORP {FRS 10211 and Financial Reporting Standard 102 IFRS 1021 Objectives and activities Charitable objects The Charity is governed by its Memorandum and Articles ofAssociation. These stale 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 sel out in the Basis of Constitution. When planning the charity's activities. the direclors have considered the Chariiy Commission's guidance on public benefit. In order to achieve this. the below policies have been set out. Policios lo lurther our objects Extend our ministry within HM Prisons through the Charity's diary. Extend our ministry of helping lo produce books for Third World Countnes. Extend our range of publications. Structure, governance and managernent The Charity is run by a Board of Directors, who act as Trustees of the Charity. The directors are drawn from churches throughoul the United Kingdom. New directors are appointed by the existing directors and they are inducted and trained as part of the directors, meetings. ¢erall responsibility for the Charity's day-to-day management is delegated lo 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 stalemenls. 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 ¢onfirm that systems are in place lo mitigate those risks. Achievements and perforniance Covid 19 2023 Thankfully this year we had no Covid reslriction bul did end with a cost of living Crisis and high Energy costs. This naturally has had an impacl on all Ihe work that we do. However we are thankful lo God for His provision. Speaking engagaments and events 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 lo 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 190,000 diaries were distributed within prisons and youth centres Ihroughout the UK and abroad. Last year was the 45, Anniversary of our prison ministry. We plan to continue printing diaries in 2024 in order to fulfil demand. We now have a dedicated web site for the prison work. www. risons da one.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 Gonlinued to expand its range of literature for both adults and young people. Books continue lo be sent to Africa and third world countries and are also donated to Christian organisalions for evan9elislic 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 dislribulors 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. However trips to Israel are currently on hold. 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 Irusleeship. These tours are available to the general public who will gain much information from them. Vve 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 srte, are free of change and open lo anybody lo attend. Financial review Overall, the charity made a surplus of £25,867 (2022.. surplus of £101,351). The balance sheet shows nel assets of £1,018,38712022.' £992.5201 including bank and cash balances of £227,08012022. £236,035}. Reserves The Iruslees regularly review the level of reseNes held by the Charity. The trustees consider that the free reserves of £605,901 are sufficient but not excessive, and wll ensure that the Chanly is able to continue lo fulfil ils charitable obieclives for many yeats lo 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 ofthis 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 Minislries 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 Pfaclicel 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 Ihem consistently., observe the methods and principles in the Charities SORP., make judgements and eslimales that are reasonable and prudent". stale whether applicable UK Accounting Standards have been followed. subje¢t to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going GonM basis unless it is inappropriate to presume that the charitable company will continue its operations. The Iruslees are responsible for keeping adequate a¢unting records thal are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy al any time the financial position of the charitable company and enable them to ensure that the financial statements Gomply with the Companies Act 2006. They are also responsible for safeguarding the assels 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 accordan 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 Jone Chairman 11 July 2024 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 2023 set out on pages 7 10 14. Responsibilities and basis of report As the charity's trustees land also rts directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance wrth the requirements of the Companies Act 2006 {'the 2006 Act'l. Having satisfied mysèlf that the accounts of the Company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independenl examination. I report in respect of my examination of your charity's accounts as carried out under section 145 of the Chariles Act 2011 I'lhe 2011 Act'l In carrying out my examination I have followed the directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examiner's statement sin 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 thal l am qualified to undertake the examination because l 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 confimi Ihal no matters have come lo my attention in connection with the examination giving me cause to believe.. accounting records were not kepl in respe¢t of the Company as required by section 386 of the 2006 Act. or the accounts do not accord with those re¢ords', 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 'lrue and fair view which is not a maller 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 IFRS 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 lo be reached. Richard Haffenden MA FCA Jacob Cavenagh & Skeet 5 Robin Hood Lane Sutton Surrey SM1 2SW Date..1u1Y 2024
DAY ONE CHRISTIAN MINISTRIES STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2023 2023 2022 2022 2022 Unrestricted Restricted Total Unrestricted Restrictsd Total Funds Funds Funds Funds Funds Funds Note Income from: Donations and legacies Charitable activities Sales of publications Investment income - bank interest Tolal income 134,339 47.671 182,010 228,834 37,302 266,136 263,905 263,905 233,766 233,766 402 030 47671 449701 462600 37 302 499 902 Expenditure on: Raising funds Charitable activities Total expenditure 6,840 371 782 378 622 6,840 16.086 45.212 416 994 344 637 45 212 423 834 360.723 16,086 37 828 382 465 37 828 398 551 Net inGomellèxpenditurel 23,408 2,459 25,867 101,877 {5261 101,351 Transfer between funds 526 Net movement in funds 23,408 2,459 25,867 101,351 101,351 Reconciliation of funds Funds al 1 January 992 520 992 520 891 169 891 169 Funds at 31 December
DAY ONE CHRISTIAN MINISTRIES BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Note Fixed assets Tangible assets 410,027 409,974 Current assets Stocks - 9oods for resale Debtors Cash at bank and in hand 185.403 211.487 227 080 623 970 150,471 204,859 236 035 591.365 Creditors.. Amounts falling due within one year Accruals Trade Creditors 3,300 12 310 3,200 Net current assels 608 360 582 546 Total assets less current liabilitios Represented by: Unreslricled funds Restricted funds 1,015.928 992,520 The company is entitled lo the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2023 No member of the company has deposiled a notice, pursuant to section 476, requinng an audit of these financial slalemenls. 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 stale of affairs of the company as al the end of the financial year and of ils incoming resources and application of resources, Including Ils 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 lo financial slalements, so far as applicable to the company. These accounts have been prepared in accordance wth the provisions available lo companies subject to the small companies regime within Part 15 of the Companies Act 2006. BY ORDER OF THE BOARD Rev Colin Jones Chairman 11 July 2024 Company Number: 260869
DAY ONE CHRISTIAN MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 1. ACCOUNTING POLICIES The principal accounting policies adopted, judgements and key sources of eslimalion 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 an¢J in accordance with the Charities Statement of Recommended Practice (Charities SORP IFRS 102)) and Financial Reporting Standard 102 IFRS 102). The financial statements are drawn up on the historical cost basis of accounting, and are prepared in sterlin9. 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 Iruslees consider that there are no material UnrtaIntieS about the charity's abilily to ¢ontinu8 as a going concern. Tangible fixed assèts Tangible fixed assets are slated 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. al rates calculated lo wnte off the cost or valuation less eslimaled residual value of each asset over rts expected useful life as follows.. Furniture and fittings 100h per annum on reducing balance Computer equipment 330h per annum on a straight line basis Freehold land and buildings are not deprecialed 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 impaifmenl 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 lo 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 al the amount prepaid Cash at bank and in hand Cash al bank and In hand includes cash and short term highly liquid investmenls 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 2023 (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 al their settlement value. Income Voluntary income Donations and legacies are accounted for once the charily has enlitlemenl to the income. il 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 reipl. Other tradin9 activities Publication income is slated nel of Value Added Tax Expendlturo 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 relales. 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 lo 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 al the rate ruling at the dale of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated al the rale of exchange ruling at the balance sheet dale All differences are reported in the SOFA. Leases Rentals payable under operating leases are charged to the Statement of Financial Activities on a slraighl- line basis over the lease temi.
DAY ONE CHRISTIAN MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (continued) 2. DONATIONS AND LEGACIES 2023 2022 Donations Gift aid on donations Grants Legacies 93,031 6,984 8,000 81,769 5,977 178390 3. NET INCOME 2023 2022 This is slated after charging". Independent examiner's fee Depreciation 1,220 1,105 4. EXPENDITURE Raising Funds Charitable Activities Total 2023 Total 2022 Operational costs Advertising and exhibitions Day One magazine Prison Work Publications - purchases Publications change in stock Royalties and commissions paid Board and travel Postage Printing and stationery 6,840 6,840 2,544 1,370 121,396 34,932 10,325 10,727 47,649 15.762 251 545 16,086 2,862 606 133,704 6,502 5,796 6,484 54,514 2,544 1,370 121,396 34,932 10,325 10,727 47,649 244 705 240 148 Staff ¢o$ts Pension contributions Salaries and national insurance 16.320 107 373 123693 16,320 107 373 123 693 14,569 99 978 114547 Prernises costs Depreciation Head office premises expenses Computer costs Insurance Light, heal and water Repairs and renewals 2,631 6,531 7.382 3,869 9,975 2.631 6,531 7,382 3,869 9,975 3674 426 5,486 4,821 3,822 9,585 Other costs Independent examiners fee Professional fees Realised Igainl on foreign exchange Sundry expenses Telephone 1,220 2,135 1311 2,032 1,220 2,135 131} 2,032 9178 1,105 2,143 1,676 14 606 Total expenditure 41
DAY ONE CHRISTIAN MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (continued) 5. TANGIBLE FIXED ASSETS Freehold Fixtures land and and Computer Total buildings fittings equipment Cost or valuation Al 1 January 2023 Additions Disposals At 31 December 2023 400.000 20.956 6,140 427,096 2,684 2,684 400 000 8 824 429 780 Depreciation At 1 January 2023 Charge for year Released on disposals Al 31 December 2023 17,122 383 17.122 2,631 2.248 19 753 Net book value Al 31 December 2023 Al 31 December 2022 6. DEBTORS 2023 2022 Trade debtors Income tax recoverable Other debtors Prepayments 110,085 3,884 91,624 5894 103,201 3,086 95,594 2978
DAY ONE CHRISTIAN MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (continued) 7. RESTRICTED FUNDS Prison Work Fund 2023 2022 Income Expenditure 47.671 {45 212) 37,302 37 828} Nel incomellexpenditure) 2.459 1526} Transfers 526 Balance as at 1 January 2023 Balance as at 31 December 2023 Prison Work Fund Resources were used to distribute pocket diaries (with scripture texts} to prisoners via prison chaplains. A transfer from the general fund lo the restricted fund took place lo ensure the fund was not in deficit in 2022. 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 sel out in clause 8 of the Memorandum of Association. The number of members is 98 (2022. 1201. 9. LEASE COMMITMENTS The total future minimum lease payments under non-cancellable operating leases are payable.. 2023 2022 Within 1 year Two to five years 6,580 8,493 The lease expenditure in the year was 13
DAY ONE CHRISTIAN MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (continued) 10. EMPLOYEE INFORMATION 2023 2022 Wages and salaries Social security costs Other pension costs 102,854 4,519 16 320 95,830 4,148 14 569 The average number of persons employed during the year was No employe8s had emoluments of more than £60.000. Directors, remuneratlon The director5 received no remuneration and no directors (2022.. nil) were reimbursed travelling expenses {2022. £nill Key Management Personnel The total employee benefits of the key management personnel of the charity as listed on page 1 were £62,553 {2022. £55,976} The managing director's wife received total remuneration of £38,785 (2022. £35.4161 and pension contributions of £6.593 {2022. £5,912) for her work. The managing director's father received total remuneration of £2,188 during 2022 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 £16.320 for the year12022. £14,569). 14