Charity registration number 1004774 (England and Wales) Charity registration number SC039220 (Scotland) Company registration number 026344401England and Walesl THE CHRISTIAN INSTITUTE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE CHRISTIAN INSTITUTE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Rev R P Benlley-Taylor Rev G R Curry Rev D R J Holloway Mr T E James MrMTSJudge Rev J HA Leggett Mr K J Nelson MBE Rev Dr WJ U Philip Prof PA Robinson Rev Dr R D Tumbull Key Management Personnel Mr C Hart (Director, deceased 13 MarGh 2024) Mr C Kelly (Director, appointed 5 August 2024) Mr S Calvert (Deputy Director} Mrs J Coulson {Head of Staffing and Supporter Development) Mr J Erringlon (Head of Opèrations) Mr D Greatorex (Head Of Policy and Research) Mr S Webster (In-house Solicitor) Charity number (England and Wales) 1004774 Charity number (Scotland) SC039220 Company number 02634440 Registered office Wilberforce House 4 Park Road Gosforth Business Park Newcastle upon Tyne NE12 8DG Auditor Azets Audit Services Bulman House Regent Centre Gosforth Newcastle upon Tyne NE3 3LS Bankers Bank of Scotland 33 Old Broad Street London United Kingdom EC2N 1 HW
THE CHRISTIAN INSTITUTE CONTENTS Page Twstees. report Independent auditor's report 9-12 Statement of financial a¢tivities 13-14 ststement of financial position 15 Statement of cash flows 16 Notes to the financial statements 17-34
THE CHRISTIAN INSTITUTE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their annual report and financial statemenls for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the financial statements and comply with the charity's Articles of Association, Ihe Companies Acl 2006, the Charities and Truslee Investment (Scolland) Act 2005. the Charities Accounts (S¢otland) Regulations 2006 (as amended) and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republio of Ireland {FRS 102)" (effective 1 January 2019). Colin Hart 1963- 2024 On 13 March 2024, The Institute's chief executive, Colin Hart. was called home by the Lord to be wth Him in glory. We give thanks to God for a servant-hearted man who devoted his life lo The In5titule in Ihe service of his Lord and Saviour Jesus Chrisl. Colin wanted to equip believers to live out their fatth 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 Ihe UK'S legal, political and cultural landscape. Colin was its first chief executive, a position he would hold until his death. The Iruslees appointed Ciaran Kelly as the new director of the work of The Institute on 5 August 2024. Mr Kelly had fulfilled the role of acting chief executive in the interim. The appoinlmenl was made with the unanimous support of the trustees and followed a rigorous appointment and interview process. John Burn OBE 1938- 2024 The Inslitute's founder and first Chairman, John Burn, also passed into glory in October 2024. He served as Chaimian until 2021. and remained closely involved as a Irustee, a member of the staff recruitment fk3nel. and as a lose friend and advisor to Colin Hart. Objectives and activities The prÈncipal activity of The Institute is the furtherance and promotion of the Christian Religion in the United Kingdom and elsewhere, and the advancement of education in accordance wilh the doctrines and ptinciples sel out in Ihe Doctrinal Basis in the Articles of Association. Within Ihis The Institute seeks lo promote Christian influence in a secular world. It does so by dissemiF)ating Chrislian teaching relevant to current moral and elhical debates over marriage and the family, educalion. religious liberties, medical ethics, vice and the constitution. It seeks to inform and educate governmenl. the media and the public at large about such teaching,. and to encoufage Christian men and women in their own witness by helping to equip them for it in whatever sphere God has placed them. The principal means it uses are ils own publications, websile. lectures and conferences providing theological, philosophical and practical arguments in support of the biblical worldview. Public benefit The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activilies the charity should undertake. Volunteers The trustees continue to be grateful for the unstinting efforts of the volunteers who help the worf( of The Institute. Many have voluntarily given their time to speak at Institule meelings. given seminars to staff and helped in Ihe organisation of The Instilule's meetings around the UK. The hospitality of Christians and congregations around the UK is a great blessing to slaff as Ihey host meetings and help such events to run smoothly. There are also Ihose who are willing to advise The Institute, giving to The Institute their professional knowledge and expertise. During 2024 volunteers conlinued to help with mailings al Wilberforce Housè, often at short notice. Truslees do not receive any payment or benefits for their work as a trustee.
THE CHRISTIAN INSTITUTE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and perfomiance The main activities undertaken to further the charitable purposes of The Institute for the public benefit are des¢ribed in this section. The Institute continues to respond to the large number of individual enquiries which come in by tdephone. post and email. During 2024, The Instilute recorded almost 12,000 such enquiries. More complex questions are dealt with by slaff qualified to explain Christian teaching across the 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 Institute's meetings enable it 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 23,000 people al 427 events in- person and online. Every church meeting outlines biblical principles which underpin The Institute's work. and shows how Ihose biblical principles should affect Christian involvement in today's sociely. During 2024, The Institute provided biblical teaching on a range of areas, including on the Bible's call to obey governing aulhorities, and the role of parenls. Supporters were also encouraged to participate in the General Election. Many supporters first learn about The Instilute's work at one of its meetings. Although audio recordings are rarely made of regular meetings in churches, many of The Institute's other meetings are recorded. The majority of these are available froffl The Institute's website in the form of free thwnloadable audio files. There were a totsl of 91,000 audio downloads from The Institute's website in 2024. Every year The Institute holds a series of lectures given by guest speakers. In 2024, il was renamed 'The Colin Hart Lectures. in memory of our late Director, and the theme was Christian friendship. Mike Judge gave a biblical introduction and some examples of friendships from Scripture- Instttute Chairman Revd Dr Richard Turnbull spoke about the 'Oxford Holy Club. and the 'Clapham Sect,; Kenneth Brownell's theme was the Haldane brothers.. and David Campbell spoke about a group of young missionaries known as the Cambridge Seven. During the year The Institute continued its programme of ongoing staff Iraining. which reviews the ethical, social and legal issues taken up by The Institute over the years. 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 a range of topics. Of The Institute's total mailing list of 63.000 people, around 5,500 are church leaders or representatives at a given thurch. The Institute's financial support comes from its mailing list, including from many of these churches and church leaders. Church leaders often say how much The Institule's briefings help them in their preaching and pastoral work. Hundfeds of churches use The Institute's material in their prayer meetings and se1$. The Institute is also aware that thousands of individual Christians on The Institule's mailing list use the material in their own prayers. Many use the material to promole discussion about Christian teaching in their homes and communities. 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 event, issue or argument upon which the media has chosen to report. In 2024 there were 113 opportunities. The Institute also responded to individual journalists, requests for information on ethical and moral issues.
THE CHRISTIAN INSTITUTE TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 As well as being clear about Christian belief, in any consideration of contemporary moral and ethical issues it is imperative that the facts are presented in a way which enables them to be easily understood. This means a large amount of slaff time and resources is spent researching and writing about an issue from a Christian perspective in order lo produce publicalions accessible to all. In addition, The Institute publishes research into issues of religious liberty which directly affect The Institute, its supporters and other religious charities. The Institute's websile continued to provide a valuable means of disseminating information about the application of the Christian faith to contemporary issues. During 2024 there were 8,800,000 visits to The Institute's websile. The Institute's website slories are also posted on social media sites such as Facebook, where il has a combined following of more than 100,000. There were 2.300.000 views of over 500 Institute videos that were posted online in 2024. Also posted were video guides to voting in the General Election. The Institule produced eight new publications in 2024. as well as four newsletters, its Annual Review and two Week of Prayer leaflets, to provide clear and accurate information on a range of issues from a Christian perspedive. The publications were used by Christians, politicians. journalisls and the general public. Ahead of the General Election. The Institute published materials for sUPPOrters to help them engage with the democratic process. An Eleotion Briefing was published for Greal Britain, which provided factual informalion about the policies of the main political parties and key background information on recent legislation. A booklet for SUPPOrters in Northern Ireland was also published. The Instilule updated ils leaflets for supporters on assisted suicide and conversion therapy. A new version of Ihe assisted suicide leaflet for supporters in Scotland was also published. Two new leaflets were produced by The Instilute's Education team-. one introducing the work and another designed to help parents engage with their child's school. Throughout the year, The Institute's Education Department continued to equip Christians to be salt and light in the education system. The team gave tailored praclical advice lo 138 parents. teachers and school governors, helping them wilh a variety of queries, for example, relating to running Christian unions, collective worship. religious educalion and how issues of sexual ethics and gender can be dealt with in school. UK Prior to the General Election, The Institute produced videos, bO0etS and articles to help Christians engage in the democratic process. During 2024, The Institute continued to raise awareness of the thfeat to gospel freedom that the proposed bans on 'conversion Iherapy. could pose. The Inslitute's Let Us Pray campaign also coY)tinued to grow. In FePxuary, Jason Coppel KC produced a legal opinion on Lloyd Russell-moyle MP'S Privale Member's Bill. It said the Bill would cause a 'serious intrusion. into the ordinary work of churches and interfere with 'legitimate expression of gender critical views.. In the same month, Aidan O'Neill KC published a legal opinion on the Scottish Government's proposed law, which he called "ill-lhought out. and Yundamentally illiberal.. The Institute became concerned that the Consejvative Government's plan to widen the definition of 'extremism' would harm Chrislian freedom. A briefing was sent to the Joint Committee on HLtman Rights to highlight concerns. Ciaran Kelly and Sharon James continued their 'War of the Worldviews, tour with stops in Preston, Belfast, Leeds and Exeter. The presentation is a robust examination of the impact of Critical Theory on society and the church, and how Christians should respond.
THE CHRISTIAN INSTITUTE TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Great Britain Throughout the year, The Instilute continued to liaise with other like-minded groups lo coordinate opposition to attempts to change the law on assisted suicide. Supporters across the British Isles were kept fully informed of the latest developments, and encouraged to contact their elected representatives. Following the General Election, The Inslitute wrote to Culture Secretary Lisa Nandy to urge her to tighten restrictions on gambling. Wales Slaff spoke at 36 Institute meetings in Wales during 2024, attended by over 850 people. In October. Institute supporters were asked to contact their Mss to urge them to vote against a pro-assisted suicide motion being debated by the Welsh Parliarnenl. The motion was defeated. The Institute challenged the Welsh Government over plans for a ¢hild-tracking database that risked undennining the role of parents. Scouand In Scotland, The Institute held 85 in-person and online meetings which were attended by over 5,900 people. Thi5 inclLtded a series of Let Us Pray meetings, covering the issue of 'conversion therapy.. In February. more than 400 people attended a Let Us Pray conference in Glasgow. Northern Ireland During 2024 staff spoke at 103 meelings in Northern Ireland which were attended by over 4,400 people. This included a special meeting for younger people, considering the themes of idenlity and woAdview. Staff a150 gave interviews to a range of Norlhern Ireland media ouuets, and The Institute called on Northern Ireland's Department for Communities to introduce better regulation ofthe gambling industry. Republic of Ireland The Inslilule continued holding public meetings in the Republic of Ireland and exploring the devekjpment of the work there. In August. An Institiuid Chriostal (also known as The Christian Institute Ireland) was incorporated in Ireland as a Company Limited by Guarantee. An application for charitable status is being considered by the Charities Regulator. Legal Defence Fund The Institute's Legal Defence Fund is a restricted fund. It is used to finance the cosl of legal actions and their associated campaign work in cases of national importance for religious liberty. It is available to support Christians who daim to have been unlawfully harassed or discriminated against because of Iheir faith,. or other cases where a precedent could be set affecting Chflstian believer5. During 2024 it was used, among other cases, lo: Support a Christian parent to pursue a complaint to the Department for Education, with a threat of judicial review. The complaint asked the Department to investigate the use by her children's school of materials promoting gender ideology, in breach of rules prohibiling political indoctrination in schools. The investigation conduded with the school confirming that it had "recentlf updated its curriculum and that it would not teach any lesson on gender identity in the future. Advise a number of street preachers and street preaching groups on the best way to approach local councils in light of apparent restrictions on Gospel preaching. We also hosted a training morning for street preachers to help them better undersland their rights and responsibilities.
THE CHRISTIAN INSTITUTE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Develop a new 'Charter' for street preachers in relation to their rights and responsibilities. Assist ¢hur¢hes. Christian charities and individuals to avoid legal disputes whilst remaining true to their Christian convictions. This included= helping a number of Chrislian event or retreat venues and churches to adopt policies lawfully restricling accommodation or facilities, where appropriate. on the basis of biological sex, andlor helping them deal with challenges that had arisen; helping a number of Christians who sought advice on running their businesses in accordance with Chrislian principles whilst operaling within equality law.. helping Christian employees facing pressures in the workplace because of a confFict belween their faith and some aspecl of their job le.g. becausè of an unbaland approach to EDI and a resulling impact on freedom of expression). Fundraising disclosures The year-on-year fundraising activities of The InstitLrte have been minimal. The Institute does not.. contact Fls 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 requiied to do so by a lawful authorrty: use third parties, such as telephone call centres. lo contact potential donors on The Instrtute's behalf- retain the services of a professional fundraiser or consultant- apply for loltery funding. None of the staff have a fundraising brief. In general, fundraising events are not held. The Instilute's mailing lisl is flee 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 recipient to make a donation and email communications include an opportunity to make a donation via The Inslitute's website. However, the trustees believe the cost of isolaling the expendilure attributable to this would be greater than the expenditure itself. Financial review The work of The Institute is financed almost entirely by gift income. It receives no public funding. The gifi income in Ihe year under review, including gifts to the restricted funds. was £4.259,699 against £3,500,843 for the previous year. At the end of 2024 the liquid resources available for the general work of The Institute stood at £1,039.436. The trustees wish to record their thanks to all The Instilule's supporters for their prayers, advi, words of encouragemenl, and not leasl the generosity of their giving. The trustees are particularly encouraged by the continuing growth in committed and regular giving. This is a great help in planning and budgeting. The InslitLrte's forecasts and projedions for the next e1ve months show that the charily should be able to continue in operational existence for Ihat period. The Institute has a strong positive cash position and is brecasting that this will continue to be the case. The trustees have stress lesled their forecasts, taking into account various scenarios, and remain confident that the uncertainlies do not cast significant doubt on The Institute's ability to continue as a going concern. Based on the factors set oul above the trustees believe that it remains appropriate to prepare the financial statemenls on a going concern basis. Policy on reserves The truslees have examined the requirement for reserves in the light of the main risks to The Institute. The trustees adopted the policy of holding in resetve unrestricted funds, not committed or invested in tangible fixed assets, equivalent lo three months, expenditure. The emphasis is on affording a measure of proleclion against a sudden and unpredicted fall in income or an unpredicted demand on expendilure. This policy is kept under review by the trustees.
THE CHRISTIAN INSTITUTE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Investments The trustees have considered the need to safeguard and invest the cash resources of the Charity, and Ihat the Executive Committee have sufficient expertise lo make investment decisions. A Fixed Asset Inveslmenl is in place with the COIF Charilie5 Investment Fund. Further to this Fixed Assel Investment, cash resources are placed with a range of financial institutions with AAA rats'ng or similar to provide a relum on funds without placing undue reliance on any one institution. Risk management The trustees have identtfied the major risks to which Ihey believe The Inslitute is exposed. Where appropriate, systems or procedures have been established to minimise those risks. Internal conlrol 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 safety requirements covering staff. volunteers, and visitors lo The Institute's premises. The trustees believe that corruption, bribery and unfair actions as well as being contrary to Christian beliefs also hamper development and impede progress. The trustees insist on inlegrity in all aspects of The Institute's activities and expect the same from all those who work with The Institute. Plans for future periods Under God, The Institute shall continue the work of promoling Christian influence in a secular world. and, by means of publications, website, lectures and COnferenS, provide theological, philosophical and practical arguments in support of the biblical Worldview. Structure, govemance and management The charily is a company limited by guaranlee and is governed by ils Artides of Association. It was incorporated on 1 August 1991 and registered with the Charity Commission in England on 16 October 1991. It was entered on the Scottish Charity Register on 29 January 2008. The members ofThe Institute have no shareholdings but in the event of a winding up each has undertaken to conlribute 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 2024 totalled 13. The members of The Institute include currenl trustees and foimer trustees. The charily is govemed by its Council of Management which meels al least three times a year to sd strategy and oversee governan. The chief executive has operational responsibility. The trustees, who are also the directors for the purpose of cofflpany law, and who served during the year and up to the dale of signature of the financial statements were.. Mr R L Badams (Resigned 8 August 2025) Rev R P Benlley-Taylor RevGRCury 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 A Robinson Rev Dr R D Tumbull Mr J Burn OBE (Deased 25 October 2024)
THE CHRISTIAN INSTITUTE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Recruitment and appointment of The Council of Management other than in these paragraphs Council Members are referred to as truslees. They are appointed by the Company in general meeting. They must be members of the company and will therefore have affirmed agreement to the Doctrinal Basis of The Institule. Thereafter, the aim is lo have a mix of experience and skills. Each year one-third of Council Members retire by rotation and those retiring are eligible for re-eleclion. The Council has appoinled an Execulive Committee comprising three members of The Council whose meetings are normally attended by the chief execulive. This committee operates under specific terms of reference which delegate certain functions to it from The Council and reports its decisions fully and promptly to The Council. The Executive meets at least three times a year. Induction and training of trustee5 New trustees are recruited from individuals who are known to support Ihe 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 Charily Regulator. The Articles ofAssociation, and any operational documents adopted by the trustees. The latest trustees, report and financial ststements, and infomiation on the current financial position of the Institute. Future plans and objectives. Minutes of the Irustees. meetings 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. Pay Policy for Key Management Personnel The trustees consider that they, togelher with the individuals lisled in Note 25, comprise the Key Managemenl Personnel (KMP) of The Instilute in charge of directing and controlling the Charity, and running and operaling the activities on a day-tIFday basis. The pay of the KMP is reviewed annually. No truslee receives remuneration for work as a truslee. 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 leve15 are then set using this information together wilh 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 (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Statement of trustees, responsibilities The trustees, who are also the directors of The Christian Institute for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordan wilh applicable law and United Kingdom A¢UntIng Standards (United Kingdom Generally A¢pIed Accounting Practice). Company Law requires the trustees to prepare financAal statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for thal year. In preparing these financial slalemenls, the trustees are required to.. select suitable accounting policies and then apply them consistently. obseNe the methods and principles in the Charities SORP.. make judgements and estimates that are reasonable and prudenl-, and prepare the financial statements on the going concem basis unless it is inappropriate lo presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disdose with reasonable accuracy at any time the financial position of the charily and enable them to ensure that the financial statements comply wtth the Companies Act 2006, the Charities and Trustee Investment (Scotland} Act 2005 and the Charities Accounls (Scotland} Regulations 2006 (as amended). They are also responsible for safeguarding the assets of Ihe charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor In accordance with the company's articles, a resolution proposing thal Azets Audit Services be reappointed as auditor of the company will be put at a General Meeting. Disclosure of infomiation to auditor Each of the trustees has confimied that there is no infomiation of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have ftjrther confimed Ihat they have taken appropriate steps to identify such relevanl information and to establish that the auditor is aware of such information. The truslees, report was approved by the Board of Trustees. Rev Dr R D Tumbull Trustee i11.g1.Lc)z
THE CHRISTIAN INSTITUTE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF THE CHRISTIAN INSTITUTE Opinlon We have audited the financial statements of The Christian Instilule (the 'charity') for the year ended 31 December 2024 which comprise the statement of financial activities, Ihe slatemenl of financial position, the slatement of cash flows and notes lo the financial statements, including significant accounting policies. The financial reporting framework thal has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Rapublic ol lrnland (Uniled Kingdom Generally Accepted Accounling Practice). In our opinion, the financial statements: give a true and fair view of the state of the charitable Company's affairs as at 31 December 2024 and of its incoming resources and application of resOUrS. including its income and expenditure, for Ihe year then have been properly prepared in accordance with United Kingdom Generally Accepted Accounting practi., and have been prepared in accordance with the requirements of the Companies Acl 2006, the Charities and Trustee Investment {ScoUand) Act 2005 and regulation 8 of the Charilies Accounts (SGoUand) Regulations 2006 (as amended). Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK) {ISAs {UK)} and applicable law. Our responsibilities under those standards are further described in the AuditoRs responsibilities for the audit ol the financial statements section of our report. We are independenl of the charily in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the UK. including the FRC'S Elhical Standard, and we have fulfilled our other elhical responsibilities in accordance with these requirements. We believe that the audit evidence we have oblained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial slalements. we have concluded thal the trustees, use of the going concem basis of accounting in the preparalion of the financial statements is appropriate. Based on the work we have performed, we have not idenliFied any material uncertainties relating to events or conditions thal. individually or collectively, may cast significanl doubt on the charity's ability to continue as a going concern for a period of at least Iwelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the truslees with respect to going concern are described in the relevant sections of Ihis report. Other inforniation The other information comprises the information included in the annual report other than the financial statements and our audito¢s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial slalements does not cover the other information and, except to the extent otherwise explicitly staled in our report, we do nol express any form of assurance conclusion Ihereon. Our responsibility is to read the other informalion and, in doing so, consider whether the other information is malerially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identrfy such material inconsistencies or apparent material fflisstatements, we are required to determine whether this gives rise to a material misstatemenl in the financial slalements themselves. If, based on the work we have performed, we conclude thal there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
THE CHRISTIAN INSTITUTE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS AND TRUSTEES OF THE CHRISTIAN INSTITUTE Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit.. the information given in the trustees. report for the financial year for which the financial statements are prepared. which includes the directors, report prepared for the purposes of ¢ompany law, is consistent with the financtal statements,. and the directors, report in¢luded within the truslees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of Ihe charily and its environment obtsined in Ihe course of the audit, we have not identified material misstatements in the directors, report included within the trustees, report. We have nothing to report in respect of the following matters in relalion to which the Companies Act 2006 and the Charities Accounts {ScoUand) Regulations 2006 (as amended) require us to report lo you if, in our opinion-. adequate and proper 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 disclosures of trustees, remuneration specified by law are not made- or we have not received all the information and explanations we require for our audit., or the trustees weie not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of Ihe small companies, exemptions in preparing the trustees, report and from the requirement to prepare a strategic report. Responsibilities of trustees As explained more fully in the statement of trustees, responsibilities. the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial stalemenls and for being satisfied that they give a true and fair view, and for such internal conlrol as the trustees determine is necessary to enable the preparation of financial statements that are free from material misslalement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charily's ability to continue as a going concern, disclosing, as applicable, matters related to going concem and using the going concern basis of accounting unless the trustees either intend lo liquidate the charitable company or to cease operations, or have no realistic altemative but to do so. Auditorfs responsibilities for the audit of the financial statements We have been appointed as auditor under section 44{1){c) of the Charities and Trustee Investment {Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with the Acts and relevant regulations fflade or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always delect a material misstatement when it exists. Misstatements can arise from fraud or errof 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. A further description of our responsibilities is available on the Financial Reporting Council's website at.. https'.11 .frc.org.uklauditorsresponsibilities. This description forms part of our auditols report. 10-
THE CHRISTIAN INSTITUTE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS AND TRUSTEES OF THE CHRISTIAN INSTITUTE Extent to which the audit was considered capable of detecting irregularlties. including fraud Irregularities. including fraud, are instances of non-compliance with laws and regulalions. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council's websile, to deteGt material misstatements in respect of irregularities, including fraud. We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation lo Ihe legal and regulatory framework applicable and how the entity is complying with Ihat framework. Based on this understanding, we identify and assess the risks of malerial misstalemenl of the financial statements. whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of ads by the entity that were contrary to applicable laws and regulations, including fraud. In response lo the risk of irregularitie5 and non-compliance with laws and regulations, inGiuding fraud, we designed procedures which included-. Enquiry of management and those charged with govemance around actual and potential litigation and claims as well as actual, suspected and alleged fraud., Reviewing minutes of meelings of those charged with governance- Assessing the extenl of compliance with Ihe laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enqLfiry and inspection.. Reviewing financial statement disclosures and testing to supporting documentation to assess complian wilh applicable laws and Tegulations- Performing audit work over the risk of management bi35 and override of controls. including testing of journal entries and other adjustments for approprialeness. evaluating the business rationale of significant transactions outside the normal course of business and reviewing aGcounting estimates for indicators of potential bias. Because of the field in which the charity operales, we idenlffied the following areas as those most likely lo have a material impact on the financial statements,. health and safety and compliance wilh both Ihe UK Companies Act and UK CharitiesAct. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities. including those leading to a malerial misstatement in the financial statements or non-complian with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of norFcompliance. The risk of not delecling a material misstatement resulling from fraud is higher Ihan for one resulting from error, as fraud may involve collusion, forgery, intentional omissions. misrepresentalions, or the override of internal control. Use of our report This report is made solely to the Gharilable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so thal we might state to the charttable CoMpanS members and Irustees thosè matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permilted by law, we do not accept or assume responsibility to anyone other than the charitable company, the charitable company's members as a body, and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed. 11
THE CHRISTIAN INSTITUTE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS AND TRUSTEES OF THE CHRISTIAN INSTITUTE Simon Brown BA ACA DChA {Senlor Ststutory Auditor) forand on behalf of Azets Audit Servl¢e$ Chartered Accountants ststutory Auditor Bulman House Regent Centre Gosforth Newcaslle upon Tyne NE3 3LS 12-
THE CHRISTIAN INSTITUTE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Currentfinancial year Unrestricted Restricted funds funds 2024 2024 Total Totsl 2024 2023 Note$ AA Donations and lega¢ies Investments Other income 3,947,691 34,935 1,893 312.008 4,259.699 8,141 43,076 1,893 3.500,843 28,077 13.047 Totsl income 3,984.519 320.149 4.304,668 3,541,967 Raising funds 44,931 5,669 50,600 51.594 Charitable activities 3,547,715 108,174 3,655,889 3.146,994 Other 1.685 1,685 1,580 Total expenditure 3.594,331 113,843 3.708.174 3.200,168 Net gainsl{losses) on investments 13 2.720 2,720 10,213 Net movement in funds 392,908 206,306 599.214 352,012 Fund balances at 1 January 2024 3,368,481 358,267 3,726,748 3,374.736 Fund balances at 31 December 2024 3.761.389 564.573 4,325,962 3,726,748 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also Complies with the requirements for an income and expenditure account under the Companies Act 2006. 13-
THE CHRISTIAN INSTITUTE STATEMENT OF FINANCIALACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Prlor financial year Unrestricted Restrlcted funds funds 2023 2023 Total 2023 Notes Donations and legacies Investments Other income 3,211,663 23.816 3.647 289,180 3,500,843 4,261 28,077 9,400 13.047 Total income 3,239,126 302,841 3,541,967 Raising funds 47,003 4,591 51,594 Charitable activities 3.099.833 47,161 3.146,994 Other 1,580 1,580 Totsl expenditure 3,148,416 51,752 3,200,168 Net gainsl(losses) on investhienls 13 10,213 10,213 Net movement in funds 100.923 251.089 352,012 Fund balances al 1 January 2023 3,267,558 107,178 3,374.736 Fund balances at 31 December 2023 3,368,481 358.267 3,726,748 14-
THE CHRISTIAN INSTITUTE STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024 2024 2023 Notes Fixed assets Tangible assets Investments 15 16 1.594,573 123,095 1,577,893 120,375 1,717.668 1,698,268 Current assets Stocks Debtors Cash at bank and in hand 17 18 3,730 473.217 2,325,293 4,214 281.668 1.958,979 2,802,240 2.244,861 Creditors: amounts falling due within one year 19 (193,946) {216,381) Net current assets 2,608,294 2,028,480 Total assets less current liabilities 4.325,962 3.726.748 Income funds Restricted funds Unfestricled fu Designated funds General unrestricted funds 21 564,573 358,267 22 1.004.285 2.757,104 501,178 2,867.303 3.761.389 3,368.481 4,325,962 3,726,748 The financial statemenls were approved by the Trustees on ..... OLJ Mr T E James Trustee Company registration number 02634440 15-
THE CHRISTIAN INSTITUTE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash flows from operating attivities Cash generaled from operations 26 428.388 76,723 Investing actlvities Purchase of tangible fixed assets Investment income reiVed {105,150) 43,076 (42,880) 28.077 Net cash used in investing activities {62,074) (14,803) Net cash used in financing activities Net increase in Gash and cash equivalents 366.314 61,920 Cash and cash equivalents at beginning of year 1.958.979 1,897,059 Cash and cash equivalents at end of year 2,325,293 1.958,979 16-
THE CHRISTIAN INSTITUTE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charity inforn)ation The chariiy is a private company limited by guarantee, registered in England and Wales and consequently does not have share capital. Each of the truslees is liable to contribute an amount not exceeding £1 towards the assets of the charity in Ihe event of liquidation. It is also a registered charity in England atKI Wales. and in Scotland. The address of its registered office is.. Wilberforce House, 4 Park Road, Gosforth Business Park, NewGastle upon Tyne, NE12 8DG. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's Articles of AssocialK)n, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Acl 2005, the Charities Account5 (Scotland) Regulations 2006 (as amended), FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. I'FRS 102°} and the Charities SORP "Accounting and Reporting by Charities.. stalemenl 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)" (effeclive 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial slalements are prepared in sterling. which is the functional currency of the charity. Monetary amounts in these finanGial statements are rounded lo the nearest £. The financial statements have been prepared under Ihe hislorical cost convention, modified to include listed inveslments at fair value. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial slatemenls, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The charity has a strong posilive cash position and is forecasling for this to continue to be the case.The Trustees have stress tested their forecasls. taking into account various scenarios and remain confident that there are no material uncertainties thal cast signtficanl doubt on the charity's ability to continue as a going concem. Thus the Truslees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objeotives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes lo the financial statements. 1A Income All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. The following specific policie5 are applied to particular categories of income. Donations Donations are recognised when the charily has been notified in wriling of the amount and settlement is foreseeablè. In Ihe evenl that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled lo the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charily and it is probable that these Conditions will be fulfilled in Ihe reporting period. 17
THE CHRISTIAN INSTITUTE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) Legacies Legacy gifts are recognised on a case by case basis following the grant of probale when the administratorl executor for the eslate has communicated in writing the amount and seltlement is foreseeable. In the event that the gift is in the fomi of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject lo the value of the gift being reliably measurable with a degree of reasonable accura¢y and the tille to the asset having been transferred to the charity. Grants receivable Grants are recognised when the charity has an entillement to the funds and any conditions linked io the grants have been met. Where perfomiance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. Invesbnent income Investment income consists of bank interest and returns from investments held. Bank interest is recognised on a received basis. Other income Other income relales to the sale of teaching malerials related to the work of The Institute, such as theological books and CDS. It is recognised on receipt of the money from the sale. Other income also records income received from Insuran claims made and refunded legal costs during the year. 1.5 Expenditure All expenditure is recognised once there is a legal or constructive obligalion to thal expenditure. it is piobable settlement is required and Ihe amount can be measured reliably. All costs are allocaled to the applicable expenditure heading that aggregate similar costs to that category. Wheie costs cannot be directly attrtbuted to particular headings they have been apportioned between the activities they conlribute to on a reasonable, justifiable and consistent basis. Raising funds Expenditure on raising funds includes Ihe costs of all fundraising aclivities induding charges made by third parties for the processing of donations on The Institule's behalf and the charges made by financial institutions for processing deposits. Charitable activities Charitable expenditure comprrses those costs incurred by the charty in the delivery of its aclivilies and services for its beneficiaries. It indudes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary lo support them. Governance costs These include the costs attributable to the charitys compliance wrth constitutional and statutory requirements, including audit, strategic management and trustees, meetings and reimbursed expenses. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequendy measured at cost or valuation, net of depreciation and any impaimient losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold land and buildings Fixtures and fittings 20A Straight Line 25% to 40 % Reducing Balance The gain or loss arising on the disposal of an assel is detemined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 18-
THE CHRISTIAN INSTITUTE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies {Contlnued) 1.7 Fixed asset Investments Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference beeen sales proceeds and their market value al the start of the year, or Iheir subsequent cost, and are charged or credited to the Statement of Financial Activilies in the period of disposal. Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial AGtivities based on the market value at the year end. 1.8 Impairnient of fixed assets At each reporting end date, the charity reviews the carying amounts of ils tangible assels to delemiine whether there is any indication that those assets have suffered an impairment loss. If any such IndatIOn exists, the re¢overable amount of the asset Is estimated in order to determine the extent of the impairment loss (rf any). 1.9 Stocks Stocks are stated al the lower of cost and net realisable value. 1.10 Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits. and other short-teim highly liquid investments that are readily converlible to a known amount of cash and are subject to an insignificant risk of change in value. 1.11 FinancÉal instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of ils financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the contraclual provisions of the instrument. Basic financial assets Trade and olher debtors are recognised at the settlement amount due after any trade discounts offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Basic financial liabilities Creditors and provisions are iecognised where the charity has a presenl obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amounl due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 1.12 Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accofdingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporalion Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the exlent that such income or gains are applied exclusively to charitable purposes. 19-
THE CHRISTIAN INSTITUTE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) 1.13 Retirement benefits Penslons and other post retirement obligations The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligalion to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee Servi in the current and prior periods. Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service. the excess is recognised as a prepayment. 1.14 Leases Rentals payable under operating leases, including any lease incentives received, are charged as an expense to the period to which they relate. Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, eslimales and assumptions about the carrying amount of assels and liabilities thal are not readily apparent from olher sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these eslimales. The eslimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects {lY that period, or in the period of the revision and future periods where the revision affects both current and future periods. Key sources of estimation uncertainty Legacies The charity includes (in its debtors) arnounts due from legacies, where these have been notified prior lo the year end. These are based on best information reiVed prior to complelion of the amounts and are only estimates made by solicitors which are subject to change. -20-
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THE CHRISTIAN INSTITUTE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Other income Unrestricted funds Unrestricted Restricted funds funds Total 2024 2023 2023 2023 Sale of books and CDS Refunded legal costs 1.893 3,647 3,647 9,400 9,400 1,893 3.647 9,400 13.047 -22-
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THE CHRISTIAN INSTITUTE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charitable activities Christian Institute 2024 Christian Institute 2023 Staff costs Depreciation and impaimient Property costs Conference and meeting costs Office - prinling. postage and stationery costs Office- equipment costs ReferenGe materials Travel Professional fees Bank and financial charges Loss on disposal fixed assets General costs 2,019,061 1,867.610 86.648 63,751 169,666 165,922 23,340 31,935 639,458 455,729 129.325 129,607 84,280 86,159 216,243 190,734 ji 250,086 3.369 1,822 2,955 124.981 4.809 2,000 3,626.253 3.123,237 Share of governance costs (see note 9) 29.636 23,757 3,655,889 3.146,994 Analysis by fund Unrestrtcted funds Restricted funds 3,547,715 3.099,833 108,174 47.161 3,655,889 3,146,994 Other Unrestricted Unrestricted funds funds 2024 2023 Purchase cost of books and CDS 1,685 1,580 1,685 1,580 -24-
THE CHRISTIAN INSTITUTE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs Governance costs 2024 2023 Staff costs 2.606 2,606 2,510 Audit fee5 Accountancy Other governance costs 10,800 2.400 13,830 10.800 2,400 13,830 8,000 4,000 9,247 29,636 29,636 23,757 Analysed beeen Charitable adivities 29,636 29,636 23,757 The charitable company allocales cosls directly lo activities as far as possible. then identifies the remaining costs of its support functions. It then identifies those costs which relate to the governance function. Having identFfied its governance costs, the remaining support costs are apportioned between the key charitable aclivilies undertaken during the year. Timesheet data forms the basis for apportionment of these remaining support costs. Governance Costs includes payments to the auditors of £10,800 (2023.. £8.000) for audit fees and £2,400 {2023.' £4,000) for non-audit fees. 10 Auditorfs remuneration Fees payable to the charity's auditor and associates: 2024 2023 Audit of Ihe charity's annLFal accounts 10,800 8.000 Non-audit services All other non-audit services 2,400 4.000 11 Trustees None of the trustees or persons connected with them received any remuneration or benefrts in the year for work as a trustee (2023.. Nil). Directly incurred expenses of the trustees borne by the charity or paid lo or on behalf of the trustees totalled £18,808 {2023'. £11.863) in respect of travel and CounGil meeting expenses for all trustees. All claims for expenses are subject lo the charity's normal intemal control procedures. 12 Employees The average monlhly number of employees during Ihe year was- 2024 Number 2023 Number 50 48 -25-
THE CHRISTIAN INSTITUTE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Employees (Continued) Employment ¢o$ts 2024 2023 Wages and salaries Social security costs Other pension costs 1.608.672 160,678 252,677 1,487,454 148,410 234,256 2.022,027 1,870,120 The number of employees whose annual remuneration was more than £60,000 is as follows.. 2024 Number 2023 Number £60,001- £70,000 £80.001 _ £90,000 13 Net gainsl(losses) on investments Unrestricted Unrestricted funds funds 2024 2023 Revalualion of investments 2,720 10,213 14 Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent thal these are applied to its tharitable objects. -26-
THE CHRISTIAN INSTITUTE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Tangible fixed assets Frgghold land Fixtur•$ and and bulldlngs fittings Total Cost Al 1 January 2024 Additions Disposals 2,134,072 333,185 105,150 (65,750) 2,467,257 105,150 (65,750) At 31 December 2024 2,134,072 372,585 2,506,657 Depreciation and impairment At 1 January 2024 Deprecialion charged in the year Impairment losses Eliminated in respect of disposals 611,473 42,681 277,891 43,549 418 (63,928) 889,364 86.230 418 (63,928) At 31 December 2024 654,154 257.930 912.084 Carrying amount At 31 December 2024 1.479.918 114,655 1,594,573 At 31 December 2023 1,522,599 55.294 1,577,893 16 Fixed asset investments Listed investments Cost or valuation At 1 January 2024 Valuation changes 120.375 2,720 At 31 December 2024 123,095 Carrying amount At 31 December 2024 123,095 At 31 December 2023 120,375 The inveslmenl relales to a COIF Charities Investment Fund. The historical cost of the investment is £105,000. -27-
THE CHRISTIAN INSTITUTE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Stocks 2024 2023 Resources. including books and CD'S 3,730 4,214 18 Debtors 2024 2023 Amounts falling due within one year: Gift aid tax refunds Other debtors Legacies 21.959 9,579 441.679 21,436 12,185 248,047 473,217 281.668 19 Creditors: amounts falling due within one year 2024 2023 Trade creditors Other creditors Accruals 90,260 71,441 32,245 82,044 65,837 68,500 193,946 216,381 20 Retirernent benefit schemes Defined contribution schemes The charity operates a defined contribution pension scheme for all qualifying employees. The assels of the scheme are held separately from those of the charity in an independenlly administered fund. The charge to profit or loss in respect of defined contribution schemes was £252,677 {2023 - £234.256). -28-
THE CHRISTIAN INSTITUTE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 Restricted funds The income funds of the charity in¢lude restricted funds comprising the following unexpended balanS of donalions and giants held on trust for specific purposes.. Movement in funds Incoming Ro$our¢*$ Balance at resources èxpèndod1 January 2024 Movement In funds Incoming R•sour¢g$ Balance at resources $xpond•d 31 Dgcember 2024 8alan¢e at 1 January 2023 Legal Defence Fund Growth Fund Other Restricted Fund5 107,178 299,634 1,301 (48,720) (1.126} 358,092 175 298,395 1.244 (91,914) (1.419) 564,573 1,906 (1.906) 20,510 (20.510) 107,178 302.841 (51,752) 358,267 320.149 (113,843) 564,573 The specific purposes for which the restricled funds are to be applied are as follows-. The Legal Defence Fund is used to finance the cost of legal actions and the associated campaign work in cases of national importance for religious liberty. 11 is available to support Christians who claim to have been unlawfully harassed or discriminaled against because of their faith. The Other Restricted FLFnds are used to caplure and monitor any other restricted income over the period and ensure the expenditure fits the purpose of the donation. The Growth Fund is lo support the growth of The Institute's work including developing three centres of excellence. for legal work, media work and supporting Christians. -29-
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THE CHRISTIAN INSTITUTE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 23 Analysis of net assets between funds Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restrlcted funds funds 2023 2023 Totsl 2024 2023 Fund balances at 31 December 2024 are represented by: Tangible assets Investments Current assetsl(liabilities) 1,594.573 123,095 1,137,847 1,594,573 123.095 564,573 2,608,294 1.577,893 120,375 1.169,035 1,577,893 120,375 358,267 2,028,480 2,855.515 564.573 4.325,962 2,867,303 358.267 3.726,748 -32-
THE CHRISTIAN INSTITUTE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 24 Operating lease Commitments 2024 2023 Within one year Beeen and five years In over five years 115.059 90,836 59,915 93,954 31.543 205.895 185,412 25 Related party transactions Remuneration of key management personnel The remuneration of key management personnel is as follows. 2024 2023 Aggregate compensation 510,992 501,357 The key management personnel (KMP) of Ihe charity comprise the trustees and the following six slaff,. Mr C Hart {up to 13 March 2024), Mr C Kelly. Mr S Calvert, Mr J Errington, Mr D Grealorex. Mr S Webster and Mrs J Coulson (from 1 Augusl 2024). The total employee benefrts accruing to the KMP include pension and social security costs. Transactions with related parties During the year the charity entered inlo Ihe following transactions with related parties.. Coalition for Marriage Limited Coalition for Marriage Ltd (company number 07880604) is an umbrella group of individuals and organisations in the UK that support traditional marriage. Mr C Hart, The Institute's Chief Executive until 13 March 2024, was an unpaid Director of Coalition for Marriage Ltd. Mr R Badams was a Trustee of The Instilute and an unpaid Director of Coalition for Marriage Ltd until 8 August 2025. Mr D Greatorex, an employee of the Institute and one of its Key Management Personnel, was appointed as an unpaid Director of Coalition for Marriage Lld on 26 May 2025. Expenses incurred by The Inslitule on behalf of Coalition for Marriage Lld and reimbursed were £5,80612023.' £6,833). The balance owed by Coalition for Marriage Ltd al 31 December 2024 amounted to £394 (2023= £242). -33-
THE CHRISTIAN INSTITUTE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 25 Related party transactions (Continued) The Bible Teaching Trust The Bible Teaching Trust (charity number 1156102) provides teaching and training to Christian organisations and individuals. Rev Rupert Benlley-Taylor, who is not a Irustee of the Bible Teaching Trust, provides teaching setvices on behalf of the Trust. The Instilute paid the Trust £1.12912023'. £3.584) for the provision of leaching and training in the year. In addition expenses relating to the provision of this teaching and training of £168 (2023- £500) were reimbursed. Richard Turnbull Richard Turnbull. Trustee of The Instttute, provides teaching and training to The Inslitute. The Institute paid £3.600 (2023.. £3,900) for the provision of teaching and Iraining in the year. In addition expenses relating to the provision of this teaching and training of £3.253 {2023- £1,741) were reimbursed. Scotland for Marriage Limited Scotland for Marriage Ltd (company number SC411348) is a campaign to support marriage as the union of one man and one woman in Scotland. Mr C Hart was an unpaid Director of Scotland for Marriage Ltd until 13 March 2024. Mr C Kelly, The Instilute's Chief Executive was an unpaid Director of Scotland for Marriage Ltd from 14 March 2024. During the year a contribution was made by The Institute to Scotland for Marriage Limited of £1,950 (2023= £2,050). 26 Cash generated from operations 2024 2023 Surplus for the year 599.214 352,012 Adjustments for= Investmenl income recognised in stalement of financial aclivities Loss on disposal of tangible fixed assets Fair value gains and losses on investments Depreciation and impairment of tangible fixed assels (43.076) 1,822 (2,720) 86,648 (28.077) (10,2131 63,751 Movements in working capital= Decrease in stocks (Increase) in debtors {Decrease} in creditors 13 {114,391) (186,372) (191,549) (22,435) Cash generatsd from operations 428,388 76,723