## **Trustees' Annual Report for the period**
Period start date Period end date
**From**
Day Month Year Day Month Year **01 April 2023 To 31 March 2024**
## Section A Reference and administration details
**Charity name** Brass Tacks Ltd **Other names charity is known by** Brass Tacks **Registered charity number (if any)** 298767 **Charity's principal address** Challenge House, 29 Canal Street Glasgow **Postcode G4 0AD**
## **Names of the charity trustees who manage the charity**
**----- Start of picture text -----**
Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Samuel Phillips Chairman
2 Paul Trotman Vice-Chairman To 08 Nov 2023
3 David Thorp
4 Colin Haxton Vice-Chairman From 08 Nov 2023
5 James Armstrong
Lawrence
6
McCleery
7 Naomi Wyatt From 08 Nov 2023
8
9
10
11
12
13
14
15
16
17
18
19
20
**----- End of picture text -----**
**Names of the trustees for the charity, if any, (for example, any custodian trustees)**
**Name Dates acted if not for whole year**
March **2012**
**TAR**
1
## **Names and addresses of advisers (Optional information)**
|**Type of adviser**|**Name**|**Address**|
|---|---|---|
||||
||||
||||
||||
|**Name of chief executive or names of senior staff members (Optional information)**|||
## **Section B Structure, governance and management**
## **Description of the charity’s trusts**
Type of governing document
Articles of Association
- (eg. trust deed, constitution)
Company limited by Guarantee How the charity is constituted
- (eg. trust, association, company)
Appointed from within board of trustees. Trustee selection methods
- (eg. appointed by, elected by)
## **Additional governance issues (Optional information)**
You **may choose** to include additional information, where relevant, about:
Regular updates are carried out to the Risk assessment document.
There is a consultative relationship with Echoes International missionary group, and their General Director is also a board member.
- policies and procedures adopted for the induction and training of trustees;
- the charity’s organisational structure and any wider network with which the charity works;
- relationship with any related parties;
- trustees’ consideration of major risks and the system and procedures to manage them.
## **Section C Objectives and activities**
**Summary of the objects of the charity set out in its governing document**
To promote maintain and advance the Christian faith through providing practical and financial assistance to Christian Churches, evangelical organisations and missionaries throughout the world.
To relieve mission organisations and full-time workers by assisting in the maintenance of their premises and building works, and providing services of skilled and unskilled labour and also tools and materials as appropriate.
March **2012**
**TAR**
2
The trustees select projects which meet the objectives of the charity and which result in maximum benefit for those who request the type of help in construction and maintenance which we offer. Each project is to have specific tangible benefit to those who are impacted by the social and spiritual ministries in each project.
**Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)**
**Additional details of objectives and activities (Optional information)**
Volunteering:
Volunteers have been used in addition to the charities own staff, and fulltime mission partners. There were between 1 and 6 workers on each of the seven projects.
Skills vary from those skilled tradesmen to willing helpers. All work is closely supervised and monitored.
You **may choose** to include further statements, where relevant, about:
- policy on grantmaking;
- policy programme related investment;
- contribution made by volunteers.
Grantmaking:
Any funds donated to Brass Tacks for a specific project beneficiary are passed on in their entirety to the intended recipients.
The full-time mission partners who assist the charity on projects are supported through grant contributions made to them through Echoes International, shown in the Payments heading: Fellowship Fund.
Some Mission organisations known to Brass Tacks through projects are supported through grant contributions with funds to use to fulfil their own projects directly, made to them through Echoes International, shown in the Payments heading: Fellowship Projects.
March **2012**
**TAR**
3
Section D Achievements and performance
Charitable activities for period 1[st] April 2023 to 31[st] March 2024: **Summary of the main achievements of the charity** 1. Lusaka Bible Centre, Zambia **during the year** A large building within the capital city limits which has been built from new for the purposes of a training centre and eventually also a Bible distribution centre. Several visits have been made to this project over the last few years. 2. Bethel Bible centre accommodation, Malawi This was the second visit made to the Bethel Bible Centre, where the concrete slab was poured for the building foundation. 3. Highgate Community church, London The new kitchen fitting required the removal of the old “dumb waiter”. This provided more useable space in this busy church. 4. Nazareth Bible Correspondence courses office, Isreal The biggest need was for floor tiling in this old building which is being renovated and fitted out as office and accommodation for the Emmaus Bible Correspondence school. 5. Coventry Gospel Hall The church in Coventry were erecting an extension which also involved major internal works. We had a team in place over 2 different visits providing partition work and fitting ceilings to the metal frames. 6. Shetland Youth Camp Centre This visit involved fitting ceilings and frames as well as joinery work to complete the doorframes and hang the doors. 7. Church building in Saurimo, Angola This is a steel frame construction. Three team members travelled out to supervise the erection. The costs for Projects are shown in the Payments headings: Projects: Tools and Materials; and Travel, accomm, subsistence.
March **2012**
**TAR**
4
## **Section E Financial review**
**Brief statement of the charity’s policy on reserves**
The charity aims to always hold a minimum of the lower of £175,000 or twelve months of costs (2024 £167,571; 2023 £154,345) in reserve, excluding any restricted funds. The closing general reserves £333,159 (2023 £330,879) are sufficient to cover nearly two years of charitable activities and administrative expenditure.
The unknown nature of future costs (projects yet to be applied for) mean that higher reserves give a safety net for continuing to deliver the charity’s objectives and activities to those who need it. The reserves are exaggerated by large exceptional donations received in the year.
**Details of any funds materially in deficit**
## **Further financial review details (Optional information)**
The principal funding sources for the charity are donations and grants. You **may choose** to include additional information, where Short term surplus cash is held in interest bearing bank accounts, with relevant about: options reviewed at least annually.
- the charity’s principal sources of funds (including Exceptional donations in the year including legacies of £60,000 (2023 any fundraising); £80,128) means that excess funds are held in an account with higher investment interest.
- how expenditure has Consideration is also being made regarding potential use of the reserves
- supported the key objectives to fund projects where costs could be met by the charity on behalf of
- of the charity; applicants who could not meet a share of the project costs themselves.
- investment policy and objectives including any ethical investment policy adopted.
## **Section F Other optional information**
The year to 31[st] March 2024 is the third year of reporting through Receipts and Payments Accounts; which are Independently Examined.
There are no longer comparative figures required due to the change over from Financial Statements with accruals and prepayments and depreciation, to Receipts and Payments accounts.
## **Section G Declaration**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**Signature(s)** COLIN D HAXTON **Full name(s)** SAMUEL J T PHILLIPS **Position (eg Secretary, Chair,** CHAIR OF TRUSTEES TRUSTEE **etc) Date** 30/12/2024
March **2012**
**TAR**
5
Charity Name No (if any) Brass Tacks Limited 298767 Receipts and payments accounts CC16a For the period Period start date Period end date To from Apr-23 Mar-24
## Section A Receipts and payments
|||Unrestricted
funds||Restricted funds||Endowment
funds||Total funds||Last year||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||to the nearest £||to the nearest £||to the nearest £||to the nearest £||to the nearest £||
|A1 Receipts||||||||||||
|Donations||89,095||-||-||89,095||83,362||
|Earmarked donations||-||6,200||-||6,200||500||
|Gift Aid Tax recovered in year||-||-||-||-||818||
|Bank deposit interest||6,295||-||-||6,295||1,713||
|Exceptional donations - church clos||8,261||-||-||8,261||48,250||
|Exceptional donations - legacies||60,000||-||-||60,000||80,128||
|||-||-||-||-||-||
|_Sub total(Gross income for AR)_||163,651||6,200||-||169,851||214,771||
|||||||||||||
|A2 Asset and investment sales,||||||||||||
|(see table).||||||||||||
|||-||-||-||-||||
|||-||-||-||-||-||
|_Sub total_||-||-||-||-||-||
|||||||||||||
|_Total receipts_||163,651||6,200||-||169,851||214,771||
|A3 Payments||||||||||||
|Salaries and National Insurance||55,726||-||-||55,726||49,915||
|Employer Pension contributions||3,617||-||-||3,617||3,431||
|Projects: Tools and Materials||10,642||-||-||10,642||10,465||
|Travel, accomm, subsistence||30,686||-||-||30,686||34,736||
|Office: Telephone, IT, subs; Equipm||8,158||-||-||8,158||4,832||
|Printing, postage and stationery||8,690||-||-||8,690||3,766||
|Insurances||1,877||-||-||1,877||3,578||
|Exhibition costs, meetings||6,820||-||-||6,820||5,319||
|Challenge House costs (premises)||7,946||-||-||7,946||7,358||
|Sundry (bank charges, etc)||209||-||-||209||1,741||
|Fellowship Fund||24,000||-||-||24,000||29,204||
|Fellowship Projects||3,000||6,200||-||9,200||-||
|Accountant||-||-||-||-||-||
|||||||||||||
|_Sub total_||161,371||6,200||-||167,571||154,345||
|||||||||||||
|A4 Asset and investment||||||||||||
|purchases, (see table)||||||||||||
|||-||-||-||-||||
|||-||-||-||-||||
|_Sub total_||-||-||-||-||-||
|||||||||||||
|_Total payments_||161,371||6,200||-||167,571||154,345||
|||||||||||||
|_Net of receipts/(payments)_||2,280||-||-||2,280||60,426||
|A5 Transfers between funds||-||-||-||-||-||
|A6 Cash funds last year end||330,879||-||-||330,879||270,453||
|_Cash funds this year end_||333,159||-||-||333,159||330,879||
## Section B Statement of assets and liabilities at the end of the period
|Categories
B1 Cash funds
B2 Other monetary assets
B3 Investment assets
B5 Liabilities
B4 Assets retained for the
charity’s own use
Signed by one or two trustees on
behalf of all the trustees|Details
CAF Bank
Kingdom Bank
Cash in hand
Details
Details
Details
Details
Signature
_Total cash funds_
(agree balances with receipts and payments
account(s))|to nearest £
to nearest £
244,203
-
88,356
-
600
-
333,159
-
OK
OK
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Cost (optional)
-
-
-
-
-
Cost (optional)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Print Name
SAM J T PHILLIPS
COLIN D. HAXTON
Unrestricted
funds
Restricted funds
Unrestricted
funds
Restricted funds
Fund to which asset
belongs
Fund to which asset
belongs
Fund to which
liabilityrelates
Amount due
(optional)|to nearest £
Endowment
funds|
|---|---|---|---|
||||-|
||||-|
||||-|
||||-|
||||OK|
||||to nearest £
Endowment
funds|
||||-|
||||-|
||||-|
||||-|
||||-|
||||-|
||||Current value
(optional)|
||||-|
||||-|
||||-|
||||-|
||||-|
||||Current value
(optional)|
||||-|
||||-|
||||-|
||||-|
||||-|
||||-|
||||-|
||||-|
||||-|
||||When due
(optional)|
|||||
|||||
|||||
|||||
|||||
|||||
||||Date of
approval|
|||SAM J T PHILLIPS|11/8/2024|
|||COLIN D. HAXTON|11/8/2024|
CHARITY COMMISSION I Independent examinerfs report on the
FOR ENGLAND AND WALES I
accounts
Section A
Independent Examinerfs Report
Report to the trusteesl
members of
Brass Tacks Ltd
On accounts for the year
ended
31 March 2024
Charity no ,' 298767
{if any)
Set out on pages
1and2
I report lo Ihe trustees on my examination of the accounts of the above
charity 1.the Trust") for the year ended 3110312024.
Responsibilities and
basis of report
As the charity's trustees: you are responsible for the preparation of the
accounts in accordance with the requirements of the Chaflties Act 2011
{"the Act.).
I report in respect of my examination of the Trust's accounts carried out
under section 145 of the 2011 Act and in carrying oul my examination, I
have followed all the applicable Directions given by the Charity Commission
under section 145(5){b) of the Act.
Independent IThe charity's gross income exceeded £250,000 and l am qualified to
examiner's statement undertake the examination by being a qualified member of linsert name of
applicable listed bodyll. Delete { } if not applicable.
I have completed my examination. I confimi that no material matters have
come to my attention in connection with the examination {other than thal
disclosed below "I which gives me cause to believe that in, any material
respecl..
the accounting records We not kept in accordan with section 130
of the Charities Act- or
the accounts did nol accord with the accounting records., or
the accounts did nol comply with the applicable requirements
conceming the fomi and content of accounts set out in the Charities
(Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fair, view which is not a matter
considered as part of an independenl examination.
I have no concerns and have come across no olher matters in connection
with the examination to whi¢h attention should be drawn in this report in
order to enable a proper understanding of the accounts to be reached.
Please delete the rdS in the brackets rflhey do not apply.
Signed:
Name".
Relevant professional
qualificationls) or b¢xIy
IER
Oct 2018
(If any):
Address:
JA a¢V.s
rL ie)71
Section B
Disclosure
Only complete if the examiner needs lo highlight material matters of cOnrn
(see CC32. Independent examination of charity accounts.. dire¢tions and
guidan for examiners).
Glvo hgre brief details of
any Itèms that the
examlner wlshes to
disclose.
IER
Oct 2018