Company registration number.. 02634440 Charity registration number.. 1004774 Scottish Charity registration number.. SC039220 THE CHRISTIAN INSTITUTE (A company limrted by guarantee) Annual Report and Financial Statements for the Year Ended 31 December 2023 The Christian Institute Contents Reference and Administrative Details Trustees Report 2to9 Independ8nt Auditors, Report 10t012 Statement of Financial Activitie5 13 Balance Sheet 15 Statement of Cash Flows 16 Notes to the Financial Stalements 17to33 The Christian Institute Reference and Administrative Details Trustees Rev Dr R D Turnbull Mr R L Badams Rev R P Bentley-Taylor Mr J Bum OBE Rev G R Curry Rev D R J Holloway Mr T E James MrMTSJudge Rev J H A Leggett Mr K J Nelson MBE Rev Dr W J U Philip Prof P Robinson Key Management Personnel Mr C Hart {Director, deceased 13 March 2024) Mr S Calvert (Deputy Director) Mr C Kelly (Deputy Director) Mr J Errington (Head of Operations> Mr D Grealorex (Head of Research) Mr S Webster (In-house Solicitor) Registered Office Wilberforce House 4 Park Road Gosforth Business Park Newcastle upon Tyne NE12 8DG The charity is incorporaled in England and Wale5. Company Registration Number 02634440 Charlty Reglstratlon Number 1004774 Scottish Charlty reglstratlon number SC039220 Bankers Bank of Scotland London 33 Old Broad Street London EC2N 1HZ Auditor A2ets Audit Services Bulman House Regent Centre Gosforth Newcastle upon Tyne NE3 3LS The Christian Institute Trustees Report The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors. report of the charitable company for the year ended 31 December 2023. Colin Hart, 1963 - 2024 On 13 March 2024, The Instilute's chief executlV8, Colin Hart. was called home by the Lord to be wtth Him in glory. We give thanks to God for a servant-hearted man who devoted his life to The Institute in th8 service of his Lord and Saviour Jesus Christ. Colin wanted to equip believers to live out their faith publicly as well as privately. It was this sense of calling that led to the founding of The Institute, and over the last 35 years helped shape the UK'S legal, political and cultural landscape. Colin was its first chi8f executive. a position he would hold until his death. The trust888 are acting to appoint a new chief executive of the work of The Institute. In the interim, the work of The Institute continues, led by Ciaran Kelly, Deputy Dir8Ctor, as acting chief executive. Structure, governance and management Company and Charfty Status Th8 Christian Institute {'The Institute.) is a company limited by guarantee and is governed by its Articles of Association. It was incorporated on 1 August 1991 and registered with the Charty Commission in England on 16 October 1991. It was entered on the Scottish Charity Register on 29 January 2008. The members of The Institute have no shareholdings bul in the event of a winding up each has undertaken to contribute to the payment of liabilities such an amount as may be required not exceeding a total of £1. The number of guarantees as at 31 December 2023 totalled 14. The members of The Institute include current trustees and fonner trustees. Governance The charity is governed by its Council of Management which meets at least three times a year to set strategy and oversee governance. The chief executive has operational responsibility. Recrultment and appointment of tho Councll of Management Other than in these paragraphs Council Members are referred lo as trustees. They are appointed by the company in general meeting. They must be members of the company and will therefore have affirm8d agreement to the Doctrinal Basis of The Institute. Thereafter, the aim is to have a mix of experience and skills. Each year on&third of Council Members retire by rotation and those retiring are eligible for re-election. The Council has appoinled an Executiv8 Committee comprising three members of The Council whose meetings are normally attended by the chief executive. This committee operales under sp￿lfIC terms of reference which delegate certain functions to il from The Council and reports its decisions fully and promptly to The Council. The ExecutlV8 meets at least three times a year. Induction and training of tmstees New trustees are recruited from individuals who are known to support the work of The Institute. New trustees are given an induction briefing which includes: The obligations of trustees including the latest guidance from the Charity Commission for England and Wales and the Office of the Scottish Charity Regulator. The Articles of Association. and any operational documents adopted by the trustees. The Christian Institute Trustees Report The latest trustees, report and financial statements, and information on the current financial position of The Institute. Future plans and objeclives. Minutes of the trustees, m8etings for the twelve months preceding appointment. New trustees with little previous experience of trusteeship are strongly encouraged to attend a course or seminar dealing with the role and responsibilities of a trustee. They, along with all trustees, are also required to complete 'Declaration of Interests, and 'Fit and Proper Person, forms. All trustees take seriously their obligations to maintain their knowledge and attend relevant courses and seminars. Risk Management The trustees have identified the major risks to which they believe The Institute is exposed. Where appropriate, systems or procedures have been established to minim15e those risks. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safely requiremenls covering staff, volunteers, and visitors to The Institute's premises. The Irustees believe that corruption, bribery and unfair actions as well as being conlrary lo Christian beliefs a150 hamper development and impede progress. The trustees insist on integrity in all aspects of The Institute's activities and expect the same from all those who work with The Instilute. Objectlves and actlvitles The principal activity of The Institule is the furtherance and promotion of the Christian Religion in the United Kingdom and elsewhere, and the advancement of education in accordance with the doctrines and principles set out in the Doctrinal Basis in the Articles of Association. Wilhin this The Institute seeks to promote Christian influence in a secular world. It does so by disseminaling Christian leaching relevant to current moral and elhical debates over marriage and the family, education, religious liberties, medical ethics, public morality and the constitution. It seeks to inform and educate government, the media and the public al large about such teaching,. and to encourage Christian men and women in their own wilness by helping to equip them for it in whatever sphere God has placed them. The principal means it uses are its own publications, website, lectures and conferences providing theological, philosophical and practical arguments in support of the biblical worldview. Public beneflt The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Achievements and performance The main activities undertaken to further the charitable purposes of The Institute for the public benefit are described in this section. The Institute continues lo respond to the large number of individual enquiries which come in by telephone, post and email. During 2023 The Institute reGorded almost 17,000 such enquiries. More complex questions are dealt with by staff qualified to explain Christian teaching across th& range of areas The Institute covers. Both the website and Annual Review, referred to below, include The Institute's doctrinal basis and beliefs on many contemporary issues. The Christian Institute Trustees Report The Institute's meetings enable il to encourage Christians across the country to be a positive Christian influence and to pray for the nation. Over the course of the year, staff spoke to more than 20,500 people at 402 events in-person and online. Every church meeting outlines biblical principles which underpin The Institute's work, and shows how those biblical principles should affect Christian involvement in today's society. During 2023, The Institute provided biblical teaching on a range of areas, including on Christ's command lo love our neighbour and the value of every human being. Many supporters first learn about The Institute's work at one of its meetings. Although audio recordings are rarely made of regular meetings in churches, many of The Inslilute's other meetings are recorded. The majorily of thes8 are available from The Institute's website in the form of free downloadable audio files. There were a total of 131,000 audio downloads from Th8 Institute's website in 2023. Every year Th8 Institute holds an 'Autumn Lectures, series given by guest speakers. The them8 of the five lectures for 2023 continued from the previous year 'Solid Foundations,. Revd Rupert Bentley-Taylor spoke about Christian maturity- Institute Chairman Revd Dr Richard Turnbull gave a talk about the Bible's call to do good works- Dr Calum MacKellar's theme was mankind being made in tha image of God., Revd Dan Peters spoke about the doctrine of the Holy Trinity,. and Revd Dr William Philip gave a talk on following 'the whole counsel of God,. During the year The Institute continued its programme of ongoing staff training, which reviewg the ethical, social and legal issues taken up by The Institut8 over the y8ars. Sessions were held both in-person and online by Social Policy Analyst Dr Sharon James. The Institute also continued its theological seminars for staff. In addition, Institute staff were addressed by visiting speakers on 8 range of topics. Of The Institute's total mailing list of 62,200 people, more than 5,400 are church leaders or representatives at a given church. The Instilute's financial support comes from ils mailing list, including from many of these churchas and church leaders. Church leaders often say how much The Institute's briefings help them in their preaching and pastoral work. Hundreds of churches use The Institute's material in their prayer meetings and services. The Institute is also aware that thousands of individual Christians on The Institute's mailing list use the material in their own prayers. Many use the material to promote discussion about Christian teaching in their home3 and Gommunities. The Institute is contacted almost every week by the media - local and national radio, TV and news outlets - usually to request a Christian view on an evenl, issue or argument upon which the media has chosen to r8POrt. In 2023 there were 106 opportunities. The Institute also responded lo individual journalists, requests for information on ethical and moral issues. As well as being clear about Christian belief, in any consideration of contemporary moral and 8thical issues it is imperative that tha facts ar8 pres8nted in a way which enables them to be easily understix)d. This means a large amount of staff time and resources is spent researching and writing aboul an issue from a Christian perspective in order to produce publications a¢cessibl8 to all. In addition, The Institute publish8s research into issues of religious liberty which direclly affect The Institute, its supporters and other religious charities. The Institute's website continued to provide a valuable means of disseminating information about the application of the Christian faith to contemporary issues. During 2023 thare were 5,400,000 visits to The Institute's website. The Institute's website stories are also posted on social media sites such as Facebook and X, where it has a combined following of 94,000. There were 5,500,000 views of 400 Institute videos that were posted online in 2023. Also posted was a four-part discussion of critical theory. featuring our Social Policy Analyst, and an "In Conversation With... interview with Miriam Cates MP. The Christian Institute Trustees Report The Instttute produced ten new publications in 2023, as well as four newsletters. its Annual Review and two Week of Prayer leaflets, lo provide clear and accurate information on a range of issues from a Christian perspective. The publications were used by Christians, politicians, journalists and the general public. The Institute published a summary booklet of the 'conversion therapy, law in Victoria, Australia, as well as producing a leaflet on the Scottish Government's plans for its own law. The Institute's expansion of its work in the Republic of Ireland necessitated new leaflets on the issues of conversion therapy, hate crime, euthanasia and abortion. Dr Sharon James produced a booklet responding to Critical Theory, and this was turned into a shorter leaflet. Institute Trustee Rupert Bentley-Taylor wrote a booklet on the Fourth Commandment, and Institute Chairman Revd Dr Richard Tumbull wrote a booklet on the Christian origins of Humanism. Throughout the year The InstitLrte's Education Department continued to equip Christians to be salt and light in the education system. This included holding a series of public meetings in England to help supporters think through education issues from a Christian perspective. The team also gave tailored practical advice to over 210 parents, teachers and school governors, helping them address practical implications raised by the Equality Act, sex education, Religious Education and how issues of sexual ethics and gender can be dealt with in school. UK During 2023 The Institute continued to raise awareness of the threat to gospel freedom that the proposed bans on 'conversion therapy, could pose. The Insts'tute's Let Us Pray campaign also continued to grow. In Decamber, Jason Coppel KC produced a legal opinion on Baroness Burt's Private Member's Bill. It described the Bill as 'notably broad in scope" and showed that it would interfere with four Articles of the European Convention on Human Rights. Inslitute-commi55ioned polling released in September found that the vast majority of over 2,000 adults surveyed did not think conversion therapy should be a priority for the governments at Westminster or Holyrood. The Institute also wrote to Prime Minister Rishi Sunak urging him to heed the warnings from Victoria, Australia and not legislate on so-called conversion therapy. Throughout the year The Institute continued to engage with th8 Governmenys Online Safety Bill, including writing to Peers detailing concerns for religious liberty and children's safety online. The Bill became an Act in October. Wales Staff spoke at 30 Institute meetings in Wales during 2023, attended by almost 700 people. During 2023 The Institute was seeking to recruit a new Wales OffiGer, after the retirement of Gareth Edwards. Rhys Roberts was appointed in February 2024. The Christian Institute Trustees Report Scotland In Scotland The Institute held 113 in-person and online meetings which were attended by over 5,200 people. This included a series of Let Us Pray meetings. covering the issue of'conversion theraprf. The Institute helped supporters respond to a Holyrood Health Committee call for evidence on MSP Gillian Mackay's Bill to introduce 'Saf8 Access Zones, around all abortion clinics in Scotland. Northern Ireland During 2023 staff spok8 at 117 meelings in Northem Ireland which were attended by over 7.800 people. This included a special meeting for younger people, considering the themes of rdentty and worldview. Staff also gave interviews lo a range of Northern Ireland media oullels The Institute helped supporters respond to a consultation on teaching about abortion and contraception in post-primary schools. Rapubllc of Ireland The Institute began holding public m88tings in the Republic of Ireland, and our Deputy Diréctor met a number of people working on issues relevant to The Institute. The Institute submitted a response to the call for evidence from the Irish Parliament's Joint Committee on Assisted Dying. The registration of a new company in Ireland is underway (Cl Irelandl. An application for registration as a charity is intended in due course. Legal Defence Fund The Inslilute's Legal Defence Fund is 8 restricted fund. 11 is used to finance the cost of legal actions and their associated campaign work in cases of national importance for religious liberty. 11 is available to support Christians who claim to have been Un1￿ul1Y harassed or discriminated against because of their faith,. or olh&r cases whera a precedent could be set affecting Christian believers. During 2023 it was used. amongst other cases, lo.. S8cur8 the relnstatement of 8 Christian parenl-governor to the governing body of a primary school after she was unlawfulty removed for questioning the lawfulness of the school's policy on Relationships and Sex Education. Th8 reinstat8m8nt was enabled by a High Court order quashing the governing body's decision. Help secure a significant out of court settlement for a Christian preacher in Scotland after he was unlawfully arresled whilst preaching in Glasgow city centr&. Help a Christian minister pursue a complaint against the Metropolitan Police for their approach to street evangelism and conduct towards him whilst preaching. Wotk constructively with a city council to secure an important change lo its code of conduct for street evangelists. Assist churches, Christian charities and individuals to avoid legal disputes or situations where their religious liberty might be infringed, enabling them to know their rights, responsibilitias and legal protections. Financial review The work of The Institute 13 financed almost entirely by gfft income. It receives no public funding. The gift income in the year under review, including gffts to the reslricled funds, was £3,500,843 against £3,149,565 for the previous year. The Christian Institute Trustees Report At the end of 2023 the liquid resources available for the general work of The Institute stood at £1,169,035. The trustees wish to record their thanks to all The Institute's supporters, collectively and severally, for their prayers. advice, words of encouragement, and not least the generosity of their gtving. The trustees are particularly encouraged by the continuing growth in committed and regular giving. This is a great help in planning and budgeting. The Institute's forecasts and projections for the next twelve months show that the charity should be able to continue in operational existence for that period. The Institute has a strong positive cash position and is forecasting for this to continue to be the case. The trustees have stress tested their forecasts, taking into account various scenarios, and remain confident that the uncertainties do not cast significant doubt on The Institute's ability lo continue as a going concern. Based on the factors set out above the trustees believe thal it remains appropriate to prepare the financial statements on a going concern basis. Volunteers The trustees continue to be grateful for the unstinting efforts of the volunteers who help the work of The Institute. Many have voluntarily given their time to speak at Institute meetings, given seminars to staff and helped in the organisation of The Institute's meetings around the UK. The hospitality of Christians and congregations around the UK is a great blessing to staff as they h05t meetings and help such events to run smoothly. There are also those who are willing to advise The Institute, giving to The Institute their professional knowledge and expertise. During 2023 volunteers continued to help with mailings at Wilberforce House, oflen at short notice. Trustees do not receive any payment or benefrts for their work as a trustee. Pay Pollcy for Key Management Personnel The trustees consider that they, together with the individuals listed in Note 12, comprise the Key Management Personnel {KMP) of The Institute in charge of directing and controlling the charity, and running and operating the activities on a day-to￿aY basis. The pay of the KMP is reviewed annually. No trustee receives remuneration for work as a trustee. For KMP who are employees the trustees benchmark against inflation and against the pay levels of individuals in other sectors with similar roles and responsibilities. Pay levels are then set using this information together with budget and forecast information, ensuring that The Institute can afford any proposed increases. The trustees then agree any uplift to remuneration. The Christian Institute Trustees Report Fundraising disclosures The year-on-year fundraising activities of The Institute have been minimal. The Institute does not.. contact its supporters by telephone in order to solicit donations., sell, or, in any way, share details of its own supporters with third parties., reveal the details of any donation unless requir8d to do so by a lawful authority, use third parties, such as telephon8 call centres, to contact potential donors on The Instrtute's behalF,' retain the services of a professional fundraiser or consultant., apply for lottery funding. None of the staff have a fundraising brief. In general, fundraising events are not held. The Institute's mailing list is free of charge to join. All of The Institute's postal and electronic mailings (in common with most of the meetings) have as their primary aim the furtherance of the charitable objects by disseminating in-house literature and encouraging the recipients to pray about andlor take action on a particular issue. Many postal mailings do contain a reply slip inviting the recipienl to make a donation and amail communications may include an opportunity to make a donatlon via The Institute's website. However. the trustees believe the cost of isolating the expenditure attributable to this would be grèater than the expenditure itself. Pollcy on reserves The trustees hav8 8xamined the requirement for reserves in the light of the main risks to The Institute. The trustees adopted the policy of holding in reserve unrestricted funds, not committed or invested in tangible fixed assets, equivalent to three months, exp8nditur8. The emphasis is on affording a measure of protection against a Sudden and unpredicted fall in income or an unpredicted demand on expenditure. An overdraft facility of £50,000 has been arranged with The Institute's bank. This is available in addition lo the funds held in reserve. This policy is kept under review by the trustees. Plans for futuro perlods Under God. The Inslitute shall continue tha work of promoting Christian influence in a secular world, and, by means of publications, website, leetures and conferences, provide theological. philosophical and practical arguments in support of the biblical worldview. ststement of Trustees, Responsibilities The trustees (who are also the directors of The Christian Institute for the purposes of company law) are responsible for preparing the financial statements in accordance with applicabl8 law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). including FRS 102"The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law r8quires the trustees to prepare financial statements for each financial year. Under company 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 charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial ststements, the trustees are required to.. select suitable accounting policies and apply them consistently,. observe the methods and princip18s in the Charities SORP. make judgements and estimates Ihat are reasonable and prudent,. state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements,. and The Christian Institute Trustees Report prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them lo 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. Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware. Small companies provlslon ststement This report has been prepared in accordance with the small companies regime under the Companies Act 2006. Reappointment of auditor Azets Audit Services are deemed to be reappointed under section 44(1){c) of the Charities and Trustee Investment {Scotlandl Act 2005 and section 487{2) of the Companies Act 2006. The trustees, annual report was approved on 12 September 2024 and signed on behalf of the board of Irustees by.. Rev Dr R D Turnbull Chairman The Christian Institute Independent Auditor's Report to the Members of The Christian Institute Oplnion We have audited the financial statements of The Christian Institute (the 'charity') for the year ended 31 December 2023, which comprise the Stalement of Financial Activities, Balance Sheet, statement of Cash Flows, 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 United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law (United Kingdorn Generally Acc8pted Accounting Practice). In our opinion the financial statements: give a true and fair view of the stale of the charity's affairs as at 31 D8C8mber 2023 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 wilh United Kingdom Generally Accepted Accounting PractlC8', and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for oplnion 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 responsibilitie5 for the audit of the financial statements section of our report. We are independent of Ihe charity in accordance with the ethical r8quirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Elhical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit 8vidence 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 appropriale. Based on the work we have performed, we have not identified any mat8rial unc@rtalntSes relaling 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 ￿e1ve month3 from when the financial statements were authorised for issue. Our responsibilitie5 and the responsibilities of the trustees with respect to going concern are described in the relevant $8Ctions of this report. Other informatlon The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to Ihe extent othemise explicitly slated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other infonnation. we are required lo report Ihal fact. We have nothing to report in this regard. 10 The Christian Institute Independent Auditor's Report to the Members of The Christian Institute Oplnlon on other matter prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the for the financial year for which the financial statements are prepared is consistent with the financial statements; and the Trustees report has been prepared in accordance with applicable legal requirements. Matters on which we are requlred to report by exception In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us- or the financial statements are not in agreement with the accounting records and returns., or certain disclosure3 of trustees remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities (set out on page 8}, 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 charty's ability to Gontinue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounling unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Audltor's responslbllltles for the audlt of the flnanclal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstaternent, whether due lo 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 thal an audit conducted in accordance with ISAS (UK) will always detect a material misslalement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularilies, 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: 11 The Christian Institute Independent Auditorfs Report to the Members of The Christian Institute .Enquiries with management, about any known or suspected inslances of non-compliance with laws and regulations and fraud-, .Reviewing board minutes., .Challenging assumptions and judgements made by management in their significant accounting estimates., and .Auditing the risk of managem8nt override of controls, including through testing journal entries and other adjustm8nts for appropriateness. Because of the field in which the client operates, we identified the following areas as those most lik81y to have a material impact on the financial statements.. Heatth and Safety and complianc8 With both the UK Companies Act and UK Charities Act. Owing to the inherent limitations of an audit, there is an unavoidable risk that some material misstatements in the financial statements may not b8 detected. even though the audit is properly planned and performed in accordance wilh the ISAS (UK). For instance, the further removed non-compliance is from the ev8nts and transactions ￿flected in the financial statements, the less likéty the auditor is to become aware of it or to recognise the non-compliance. Use of our report This report is made solely to the charitable company's Iruste8s, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been und&rtaken so that we might stale to the charity's trustees those matters we are required to stale to them in an auditor's report and for no other purpose. To the full8St ext8nt permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its trustèas as a body, for our audit work this report, or for the opinions we have fomied. Simon Brown BA ACA For and on behalf of Azets Audit Services Chartered Accountants statutory Auditor Bulman House Regent Centre Gosforth Newcastle upon Tyne NE3 3LS (Senior Statutory Auditor) Azets Audit Servic8s is a trading name of Azets Audit Services Limited 12 The Christian Institute Statement of Financial Activities for the Year Ended 31 December 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2023 Total 2022 Unrestricted Restricted Note Income and Endowments from: Donations and legacies Investment income Other income 3,211,663 23,816 3,647 289.180 4,261 9,400 3,500,843 28,077 13,047 3,149,565 6,972 7,762 Total Income 3,239,126 302,841 3,541,967 3 164,299 Expendlture on: Raising funds Charitable activities other expenditure (47,003} (3,099,833) 1,580 {4,591) (47,161) {51,594) (3,146,994) 1,580 {26,481) {3,183,708) 1,916 Total Expenditure Gainsl{lossesl on investment of assets (3,148,416) (51,752) (3,200,168) (3,212,105) 16 10,213 10,213 14,410 Net incomel(expenditure) Net movement in funds 100,923 251,089 352,012 62,216 100,923 251,089 352,012 (62,216) Reconclllatlon of funds Total funds brought forward Total funds carried forward 3,267,558 107,178 3.374.736 3,436.952 22 3,368,481 358,267 3,726,748 3,374,736 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 22. 13 The Christian Institute Comparative Statement of Financial Activities for the Year Ended 31 December 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2022 Unrestricted Restricted Note Incoma and Endowments from: Donations and legacies Investment income Other income 2,878,832 5,541 7,762 270,733 1,431 3.149,565 6,972 7,762 Total incom8 2,892,135 272,164 3,164,299 Expenditure on: Raising funds Charitable activities other expenditure {20,706) (2,789,076) 1,916 (5,775) (394,6321 {26,481) 13,183,708) 1,916 Total expenditure Gainsllosses on investment assets {2,811,698) 14,410 {400,407} (3,212,105> 14,410 Net incomel{expendilure) Net movement in funds 66,027 128,243 62,216 68,027 1128,243) (62,216) Reconclllation of funds Total funds brought foNard Total funds carried foNard 3,201,531 235,421 3,436,952 3,374,736 22 3,267,558 107,178 14 The Christian Institute (Registration number: 02634440) Balance Sheet as at 31 December 2023 2023 2022 Note Fixed assets Tangible assets Investments 15 16 1,577.893 120,375 1,698,268 1,598,764 110,162 1,708,926 Current assets Stocks Debtors Cash at bank and in hand 17 18 4,214 281,668 1,958,979 4,227 167,277 1,897,059 2,068,563 2,244,861 216.381 Creditors: Amounts falllng due wlthln one year Net current assets 19 <402,753 2,028,480 1.665.810 Net assets 3,726,748 3,374,736 Funds of the charity: Restricted 358,267 107,178 Unrestrlcted Income funds Unrestricled funds 3,368,481 3,267,558 3,374,736 Total funds 22 3,726,748 The financial slalements on pages 13 to 33 were approved by the trustees, and authorised for issue on 12 September 2024 and signed on their behalf by.. Mr T E James Trustee 15 The Christian Institute Statement of Cash Flows for the Year Ended 31 December 2023 2023 2022 Note Cash flows from operating activities Net cash incomel(expenditure) Adjustments to cash flows from non is a campaign to support marriage as the union of one man and one woman in Scotland. During 2023, the late Mr C Hart was an unpaid Director of Scotland for Marriage Limited. During the year a contribution was made by The InstitLrte to Scotland for Marriage Limited of £2,05012022.' £1,600). Rlchard Turnbull Richard Turnbull, Trustee of The Institute, provides teaching and training to The Instituts. The Institute paid £3,900 {2022'. £4,281) for the provision of teaching and training in the year. In addition expenses relating to the provision of this teaching and training of £1,741 {2022: £1,814) were reimbursed. Thé Bible Tèaching Trust The Bible Teaching Trust (charity number 1156102) provide8 teaching and training to Christl8n organisations and individuals. Rev Rupert B8ntley-Taylor, who is not a trustee of the Bible Teaching Trust, provides teaching services on behalf of the Trust. The Institule paid the Trust £3,584 {2022.' £423) for the provision of teaching and training in the year. In addition expenses relating to the provision of this teaching and training of £500 (2022= £981 were reimbursed. 33