**REGISTERED CHARITY NUMBER: 328513**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **FOR**
## **TOGETHER FOR CHRIST HIS KINGDOM AND HIS CHURCH**
Harrison Beale & Owen Limited Chartered Accountants Highdown House 11 Highdown Road Leamington Spa Warwickshire CV31 1XT
**TOGETHER FOR CHRIST HIS KINGDOM AND HIS CHURCH**
## **CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 March 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**||6||
|**Notes to the Financial Statements**|7|to|11|
|**Detailed Statement of Financial Activities**|12|to|13|
## **TOGETHER FOR CHRIST HIS KINGDOM AND HIS CHURCH**
## **REPORT OF THE TRUSTEES for the year ended 31 March 2024**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions 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 Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
Together for Christ, His Kingdom and His Church was constituted by a Declaration of Trust dated 21st December 1989 and is a registered Charity number 328513.
The Charity's former name Covenant Ministries International was changed by supplementary deed dated, 15th July 2005.
The Charity operates under the name of Together for Christ, His Kingdom and His Church from its offices at Nettle Hill, Brinklow Road, Ansty, Coventry, CV7 9JL.
The objectives of the charity are:
1. The advancement of the Christian Faith
2. The relief of persons in need or hardship
3. The provision of education, on the basis of Christian principles
4. The provision of conference facilities to the Church and outside
The Trust supports the activities of men and women in ministering to the Church in the UK and elsewhere in the world.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The on-going aims of the Trust were the central focus this year, being outworked and fulfilled through a variety of activities including:
- Support and development of various people in ministry, by raising funding and support to specific UK and overseas missions (individuals and projects) via financial means;
- Pastoral care and support of individuals and church congregations within in UK, South Africa, USA, India, Sri Lanka and Germany;
- Regular leaders' gatherings for those with oversight of related churches/other leadership responsibilities;
- Support and finance for those in need, hardship and distress whenever possible;
- Continued work in both the UK and overseas, developing relationships with similar church settings along with national and international organisations;
- The provision of conference facilities for various events;
- National and International events including educational programmes, equipping and empowering people in various skills/vocations in their faith.
- Ongoing development of the South African teaching base,
- The Nettle Hill property has been placed on the market, as the Trustees desire to realign with the main aims and
- objectives, especially focused on the alleviation of poverty.
The trustees feel that the charity is on-line in fulfilling its objectives.
## **FINANCIAL REVIEW**
## **Financial performance and position**
Full details of the financial transactions are contained in the attached accounts and the total incoming resources for the year were £228,403. After deducting resources expended of £222,889, the net incoming resources were £5,514 compared with net outgoing resources of £4,012 last year. The net assets of the Trust at 31st March 2024 were £1,518,267.
## **Investment policy and objectives**
The Trustees have considered the most appropriate policy for investing funds. Short term reserves will be held in the Trusts' interest bearing bank account.
Page 1
**TOGETHER FOR CHRIST HIS KINGDOM AND HIS CHURCH**
## **REPORT OF THE TRUSTEES for the year ended 31 March 2024**
## **FINANCIAL REVIEW**
## **Reserves policy**
The Trustees have reviewed the Charity's needs for reserves in line with the guidance issued by the Charity Commission and consider it prudent that unrestricted reserves should be sufficient to avoid the necessary of realising fixed assets held for the Charity's use.
The Trustees are confident that future income will enable the charity to meet its foreseeable needs, on the basis of planned activity.
## **FUTURE PLANS**
The charity plans to continue to achieve its aims and objectives through its current activities as well as through the following future developments:
The charity aims to relocate to a different property where they can focus on an ecological theology/creational theology which effects mankind in every sphere, especially the poor of the world.
- Developing relationships with similar organisations in both the UK and overseas;
- The continual establishment of Covenant College courses at the South African campus;
- Development of widows programme
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **Organisation**
Trustees are appointed under the provisions of the Declaration of Trust.
The Trustees who served during the year and since the year end are set out below. Trustees meetings are held regularly to review the progress being made towards fulfilling the objectives of Together for Christ, His Kingdom and His Church and to set goals for future developments. There are no full-time employees, the day to day administration of the charity is carried out by volunteer help.
## **Risk management**
The Trustees have assessed the major risks to which the charity is exposed, in particular those relating to the operations and finance of Together for Christ, His Kingdom and His Church, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
328513
## **Principal address**
Nettle Hill Brinklow Road Ansty Coventry West Midlands CV7 9JL
## **Trustees**
A R Hulley (resigned 12.9.2023) G F H Parker G L Duffty Ms A N Lynch
Page 2
## **TOGETHER FOR CHRIST HIS KINGDOM AND HIS CHURCH**
## **REPORT OF THE TRUSTEES for the year ended 31 March 2024**
## **REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner**
Harrison Beale & Owen Limited Chartered Accountants Highdown House 11 Highdown Road Leamington Spa Warwickshire CV31 1XT
## **Bankers**
Lloyds Bank 30 High Street Coventry West Midlands CV1 5RA
Approved by order of the board of trustees on 27 January 2025 and signed on its behalf by:
G L Duffty - Trustee
Page 3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TOGETHER FOR CHRIST HIS KINGDOM AND HIS CHURCH**
## **Independent examiner's report to the trustees of Together for Christ His Kingdom and His Church**
I report to the charity trustees on my examination of the accounts of Together for Christ His Kingdom and His Church (the Trust) for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form 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 independent examination.
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.
Gregg Olner MPhil BA(Hons) ACA
Harrison Beale & Owen Limited Chartered Accountants Highdown House 11 Highdown Road Leamington Spa Warwickshire CV31 1XT
27 January 2025
Page 4
## **TOGETHER FOR CHRIST HIS KINGDOM AND HIS CHURCH**
## **STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other trading activities
2
Investment income
3
**Total**
**EXPENDITURE ON**
**Charitable activities**
General
Charitable activities
Other
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**2024**
**Unrestricted**
**funds**
**£**
**133,302**
**18**
**95,083**
**228,403**
**-**
**134,637**
**88,522**
**223,159**
**5,244**
**1,512,753**
**1,517,997**|2023
Total
funds
£
39,151
5,514
108,754
153,419
(3,095)
130,691
29,835
157,431
(4,012)
1,516,765
1,512,753|
|---|---|---|
The notes form part of these financial statements
Page 5
## **TOGETHER FOR CHRIST HIS KINGDOM AND HIS CHURCH**
## **BALANCE SHEET 31 March 2024**
|||**2024**|2023|
|---|---|---|---|
|||**Unrestricted**|Total|
|||**funds**|funds|
||Notes|**£**|£|
|**FIXED ASSETS**||||
|Tangible assets|5|**1,657,244**|1,658,522|
|Investments|6|**2,000**|2,000|
|**CURRENT ASSETS**||**1,659,244**|1,660,522|
|Cash at bank||**1,527**|-|
|**CREDITORS**||||
|Amounts falling due within one year|7|**(100,882)**|(32,248)|
|**NET CURRENT ASSETS**||**(99,355)**|(32,248)|
|**TOTAL ASSETS LESS CURRENT**||||
|**LIABILITIES**||**1,559,889**|1,628,274|
|**CREDITORS**||||
|Amounts falling due after more than one year|8|**(41,892)**|(115,521)|
|**NET ASSETS**||**1,517,997**|1,512,753|
|**FUNDS**|10|||
|Unrestricted funds||**1,517,997**|1,512,753|
|**TOTAL FUNDS**||**1,517,997**|1,512,753|
The financial statements were approved by the Board of Trustees and authorised for issue on 27 January 2025 and were signed on its behalf by:
G L Duffty - Trustee
The notes form part of these financial statements
Page 6
**TOGETHER FOR CHRIST HIS KINGDOM AND HIS CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments and land and buildings which are included at market value, as modified by the revaluation of certain assets.
The financial statements contain information about Together for Christ, His Kingdom and His Church as an individual charity and do not contain consolidated financial information as the parent of a group.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - shown at market value Fixtures and fittings - 15% on reducing balance
## **Related party exemption**
The charity has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Foreign currencies**
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
## **Investments**
Investments are recognised at cost less impairments.
continued...
Page 7
**TOGETHER FOR CHRIST HIS KINGDOM AND HIS CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024**
## **2. OTHER TRADING ACTIVITIES**
|**OTHER TRADING ACTIVITIES**|||
|---|---|---|
||**2024**|2023|
||**£**|£|
|Restoration Music|**-**|5,500|
|Other income|**18**|14|
||**18**|5,514|
|**INVESTMENT INCOME**|||
|Rents received|**2024**
**£**
**95,083**|2023
£
108,754|
## **3. INVESTMENT INCOME**
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
During the year one trustee received fees of £20,844 (2023 - £21,005) in relation to ministering to the church in the UK and overseas.
The secretary received fees of £11,935 (2023 - £12,950) in relation to secretarial matters.
## **Trustees' expenses**
Expenses amounting to £2,760 (2023 - £940) were paid to the trustees during the year to cover motor, travel and telephone costs.
## **5. TANGIBLE FIXED ASSETS**
|**COST OR VALUATION**
At 1 April 2023 and 31 March 2024
**DEPRECIATION**
At 1 April 2023
Charge for year
At 31 March 2024
**NET BOOK VALUE**
At 31 March 2024
At 31 March 2023
Cost or valuation at 31 March 2024 is represented by:
Valuation in 2024|Freehold
property
£
**1,650,000**
**-**
**-**
**-**
**1,650,000**
1,650,000
**Freehold**
**property**
**£**
**1,650,000**|Fixtures
and
fittings
£
**478,741**
**470,219**
**1,278**
**471,497**
**7,244**
8,522
**Fixtures**
**and**
**fittings**
**£**
**478,741**|Totals
£
**2,128,741**
**470,219**
**1,278**
**471,497**
**1,657,244**
1,658,522
**Totals**
**£**
**2,128,741**|
|---|---|---|---|
continued...
Page 8
**TOGETHER FOR CHRIST HIS KINGDOM AND HIS CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024**
## **6. FIXED ASSET INVESTMENTS**
|**FIXED ASSET INVESTMENTS**||
|---|---|
||Shares in|
||group|
||undertakings|
||£|
|**COST LESS IMPAIRMENT**||
|At 1 April 2023 and 31 March 2024|**2,000**|
|**NET BOOK VALUE**||
|At 31 March 2024|**2,000**|
|At 31 March 2023|2,000|
There were no investment assets outside the UK.
The Charity owns 100% of the share capital of Nettle Hill Limited and Restoration Music Limited. The registered offices for both of these companies are Nettle Hill, Brinklow Road, Ansty, Coventry, Warwickshire, CV7 9JL.
## **7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|**2024**
**£**
Bank loans and overdrafts (see note 9)
**6,777**
Other creditors
**94,105**
**100,882**
**8.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
**2024**
**£**
Bank loans (see note 9)
**41,892**
**9.**
**LOANS**
An analysis of the maturity of loans is given below:
**2024**
**£**
Amounts falling due within one year on demand:
Bank overdrafts
**-**
Bank loans
**6,777**
**6,777**
Amounts falling due between two and five years:
Bank loans - 2-5 years
**41,892**|2023
£
26,283
5,965
32,248
2023
£
115,521
2023
£
138
26,145
26,283
115,521|
|---|---|
continued...
Page 9
## **TOGETHER FOR CHRIST HIS KINGDOM AND HIS CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024**
## **10. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Comparative net movement in funds, included in the above are as
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.4.23
£
**1,512,753**
**1,512,753**
Incoming
resources
£
**228,403**
**228,403**
At 1.4.22
£
1,516,765
1,516,765
follows:
Incoming
resources
£
153,419
153,419||Net
movement
in funds
£
**5,244**
**5,244**
Resources
expended
£
**(223,159)**
**(223,159)**
Net
movement
in funds
£
(4,012)
(4,012)
Resources
expended
£
(157,431)
(157,431)|At
31.3.24
£
**1,517,997**
**1,517,997**
Movement
in funds
£
**5,244**
**5,244**
At
31.3.23
£
1,512,753
1,512,753
Movement
in funds
£
(4,012)
(4,012)|
|---|---|---|---|---|
continued...
Page 10
**TOGETHER FOR CHRIST HIS KINGDOM AND HIS CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024**
## **11. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2024.
Page 11
## **TOGETHER FOR CHRIST HIS KINGDOM AND HIS CHURCH**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Gifts
Gift Aid
**Other trading activities**
Restoration Music
Other income
**Investment income**
Rents received
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Insurance
Telephone
Postage and stationery
Advertising
Sundries
Property services costs
Administration and consultancy costs
Computer and equipment costs
Motor expenses
Travel and subsistence costs
Charitable donations
Bank charges
Hospitality
Rates and Water
Depreciation of fixtures & fittings
Bank loan interest
**Other**
Related party loan write off
**Support costs**
**Governance costs**
Independent examiner's fees|2024
£
**126,760**
**6,542**
**133,302**
**-**
**18**
**18**
**95,083**
**228,403**
**35**
**2,042**
**536**
**1,448**
**8,870**
**15,373**
**35,539**
**1,973**
**5,393**
**10,253**
**31,985**
**1,826**
**4,999**
**1,152**
**1,278**
**8,084**
**130,786**
**88,522**
**3,851**|2023
£
37,338
1,813
39,151
5,500
14
5,514
108,754
153,419
320
2,365
847
302
3,378
33,201
36,505
1,300
4,597
3,357
23,661
475
5,246
1,589
1,493
5,038
123,674
29,835
3,922|
|---|---|---|
This page does not form part of the statutory financial statements
Page 12
## **TOGETHER FOR CHRIST HIS KINGDOM AND HIS CHURCH**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024**
|Total resources expended
**Net income/(expenditure)**|2024
£
**223,159**
**5,244**|2023
£
157,431
(4,012)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 13
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