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← Pioneers UK Ministries

2024-12-31-accounts

2024 Annual Report

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Table of Contents

REPORT OF TRUSTEES 1- 22
REPORT OF INDEPENDENT AUDITORS 23- 24
STATEMENT OF FINANCIAL ACTIVITIES 25
BALANCE SHEET 26
CASH FLOW STATEMENT 27
NOTES TO THE CASH FLOW STATEMENT 28
NOTES TO THE FINANCIAL STATEMENTS 29- 41
DETAILED STATEMENT OF FINANCIAL ACTIVITIES 42- 43

CONTENTS

Report of the Trustees

The Trustees who are also Directors of the Charity for the purposes of the Companies Act 2006, present their report with the financial statements of the Charity for the year ended 31 December 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES

› To advance the Christian faith among all peoples throughout the world, particularly amongst peoples of the Arab and African worlds wherever they may be found.

› To relieve persons in poverty, hardship, sickness or need regardless of their religion or ethnic origin throughout the world particularly amongst peoples of the Arab and African worlds wherever they may be found.

› To Advance the Christian education and training of peoples throughout the world, particularly amongst peoples of the Arab and African worlds.

› To promote awareness amongst those who profess to be committed followers of Jesus Christ of the spiritual needs of persons throughout the world, especially those of the Arab and African worlds.

PUBLIC BENEFIT

The Trustees are aware of the Charity Commission guidance on public benefit and this is taken into account when considering the Charity’s objectives. The Trustees believe that our work and current activities as illustrated in this document meet this guidance in every material respect.

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Welcome from the Co-Chairs

I am delighted to welcome you to our 2024 Annual Report!

Much time and effort in 2024 have been spent in pursuing full merger between Pioneers UK based in Bawtry, South Yorkshire and our partner organisation AWM-Pioneers based in Loughborough with the aim of forming one Mobilisation Base for Pioneers in the UK and Ireland. The merger into one new charity called Pioneers UKI (Pioneers United Kingdom and Ireland) became effective from 1st July 2024.

It was in 2007 that Action Partners joined the global family of Pioneers and Arab World Ministries (AWM) did so i n 2011. So, for the past thirteen years there have been two Pioneers Mobilisation Gateways in the UK. We have collaborated well together in sending workers to plant churches amongst unreached people groups. Pioneers UK has had a global focus whilst AWM-Pioneers has mobilised workers for the Arab world.

Over the past few years both the Boards and National Directors of Pioneers UK and AWM-Pioneers have been exploring how a full merger would enable a bigger impact for the Kingdom of God amongst the unreached. We agreed that merger would enable better pooling of resources, increased synergy and consequently increased effectiveness and expertise in equipping and serving our mission workers.

Following merger on 1st July, we are now Pioneers United Kingdom and Ireland and we have refined our charitable objectives to incorporate both Global Mission and a focus on both the African and Arab worlds, thus honouring the legacy of a combined total of over 250 years of ministry.

A high point of 2024 was the Horizon Vision Conference in Shropshire in August with a gathering of mission workers, retired workers, staff and trustees from both entities. It was a wonderful time of celebration, sharing together and relationship building. We also held our first board meeting of Pioneers UKI which is composed of five trustees from each of the two previous boards. Mike Hyde, the previous Board Chair of AWM-Pioneers, and myself Co-Chair the new board. We aim to recruit some new trustees in the near future and will be working on our new Strategic Plan together with the Senior Leadership Team.

I continue to be encouraged and inspired by all of our mission workers, staff and supporters who work tirelessly to make Christ’s name known among some of the most difficult places in the world.

DR JULIE RUTH HICKSON | CO-CHAIR, writing on behalf of both Co-Chairs

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History

NORTH AFRICA

Our earliest roots go back to a British couple, George and Jane Pearse. In 1876, on a trip to Algeria, they were convicted by the need in North Africa. Their friend Henry Grattan Guinness urged them to begin a new ministry and so, in 1881, the Pearses founded the Mission to the Kabyles. It would shortly afterwards be renamed the North Africa Mission (NAM). It is believed that this multicultural group were the only Protestants at the time sharing the gospel with local people across the Maghreb.

Later that decade, artist Lilias Trotter felt called at a NAM meeting and in 1888 travelled to Algeria with friends. Together, they formed the Algiers Mission Band (AMB), pioneers in contextualised literary ministry. In 1964, after decades of working closely together, AMB merged with NAM.

Other agencies joined NAM over the years, including two agencies focused on medical work in the south of Morocco, the Southern Morocco Mission and the Dades Valley Fellowship. With work in the Middle East growing, NAM was renamed Arab World Ministries (AWM) in 1987.

THE SAHEL

Almost two decades later, Henry Grattan Guinness and his daughter Lucy toured Egypt in 1900, guided by NAM missionary Karl Kumm. Sharing a compassion for unreached peoples, Karl and Lucy, both now students at Cliff College, Derbyshire, married and founded the Sudan United Mission (SUM) setting up the first office in Castleton. Seeing a need beyond North Africa, they raised awareness of the Sahel.

By 1904, four men, including Karl Kumm, had travelled to Nigeria. The ministry combined meeting humanitarian needs with sharing the gospel. Their work carries on in the church they founded, the Church of Christ in Nations (COCIN), now a very large denomination with whom the Mission continues in close partnership and fellowship. In 1989, the Mission changed its name to Action Partners and branched out into other parts of Africa.

PIONEERING MINISTRY

Ted Fletcher was the National Sales Manager at the Wall Street Journal when he felt called into mission. He and his wife Peggy spent a few years applying to different agencies, being rejected for not being ‘typical’ missionaries. Undeterred, and challenged by a trip to Nigeria, the Fletchers began a new ministry in 1979, renamed Pioneers to reflect a desire to go to the least reached peoples and places.

In 2007, Action Partners joined the global Pioneers movement, becoming Pioneers UK. AWM then joined in 2011 and was renamed AWM-Pioneers.

In 2024, following a long period of seeking the Lord together, the two organisations merged into one team and expanded our sending remit to encompass our histories. We are now Pioneers UK and Ireland, sending mission workers from both nations to the wider world and honouring our shared legacy.

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Welcome from the CEO

2024 saw Pioneers UK progress in several key areas.

We strengthened our office team with the addition of two new staff members, Rosie and Kefas. Rosie comes to us with extensive experience both in Africa and in member care. Rosie continues to lecture at All Nations Christian College and joins us, part-time, serving in our Member Care team. Kefas is a Nigerian and a Church of Christ in Nations (COCIN) minister resident in the UK. Kefas joins our mobilisation team with a specific remit to help us engage with and mobilise the vibrant and growing Afro-diaspora church here in the UK.

There has been another strengthening in 2024! The two historic Missions of AWM-Pioneers and Pioneers UK have for many years been two distinct ‘Mobilisation Gateways’ in the same global missions family that is Pioneers. August 2024 witnessed our two Missions become one Pioneers Gateway for the UK and Ireland following the merging together of AWM-Pioneers and Pioneers UK in the same month and the establishment of one united board. The significant and complex process to merge operating systems and communications began apace in 2024. A new, united, team structure was established during 2024 and we began to operate as one team from three physical Centres: Belfast, Bawtry, and Loughborough. Our new working name is Pioneers UK and Ireland.

2024 also realised the signing of a Memorandum of Partnership with the Church of Christ in Nations; a partnership designed to support this large indigenous Nigerian denomination in its own missional outreach to unreached people groups in Nigeria and beyond.

As well as engaging with the Women’s Guild of the Church of Scotland throughout the year, Pioneers UK and Ireland continued to enjoy and benefit from strong working relationships with the international family of Pioneers and the Global Connections network of UK mission agencies.

We hope that as you read through this annual report of our 2024 activities, you too will be encouraged and inspired by the worldwide Pioneers mission family and network of mission agencies across the body of Christ within which we work for the sake of God’s Kingdom.

On behalf of the Pioneers UK and Ireland team,

REV STEPHEN CARLING | CEO

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Strategic Report & Charitable Activities

Pioneers UKI continues to be deeply committed to ministering to not only the spiritual needs but also the material and felt needs of those with whom we work. Below are some examples of how our workers have toiled to promote a positive and more just society in 2024 through our charitable aims.

The threat of HIV/Aids may have gone out of the headlines but it remains a current worry for many families in West Africa. Our team of staff and volunteers in Nigeria visit local schools and churches offering a message of nonjudgemental hope for HIV/AIDs sufferers and their families. Taboos and social

We have made a difference through the relief of persons in poverty, hardship, sickness or need regardless of their religion or ethnic origin in the Arab and African worlds.

isolation over HIV are challenged as a message of prevention is promoted. HIV/AIDs testing is offered free of charge. People testing positive are invited to accept their HIV status and be open rather than live in secrecy. They are offered counselling and support, and follow-up quarterly visits are made. Over 40,000 adults and school children in Nigeria and neighbouring countries are visited in a year.

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GOATS AS BANK ACCOUNTS FOR THE POOREST OF UGANDAN WOMEN AND FAMILIES

Abandoned women and widows in Uganda have very few rights and often their land and possessions are ‘grabbed’ by relatives when their husband dies or walks out, meaning they cannot even grow their own food. A Pioneers UKI Team Leader serves as Assistant Director within a Ugandanled charity registered in both Uganda and Scotland. Thanks to several grants from British charitable trusts partnering with Pioneers UKI, he and the team have been able to buy many high-quality female goats to act as ‘cash cows’, quite literally. The goats are a source of tangible hope for the widows who will be able to sell the offspring for medical requirements, school fees or food. Over 400 widows or abandoned women have benefitted from this project since 2020.

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OFFERING HOPE THROUGH EDUCATION AND NUTRITION FOR POOR AND MIGRANT CHILDREN

Uganda has one of the youngest and most rapidly growing populations in the world, with over 50% of the population under 15 years of age. The Northeast Ugandan district of Arua experiences multiple social problems caused by alcohol and drug addiction, family breakdown and a high disease burden. Many children are neglected, and many parents and guardians cannot afford to send their children to school. They are often expected to bring in extra pennies.

Cheka Child, set up by Pioneers UKI field members alongside Ugandan nationals, helps facilitate a sponsorship project that grants access to education for poverty-stricken children, selected by local social workers. In 2024, 46 children were supported through school who otherwise wouldn’t have been able to attend.

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EMPOWERING WOMEN FROM ARAB AND ASIAN COMMUNITIES TO INTEGRATE INTO SOCIETY AND GAIN EMPLOYMENT.

It is recognised that migrants and women in some Arab and Asian communities living in the UK are at risk of experiencing extreme loneliness and isolation. The Beeston and Holbeck areas of Leeds fall into the most deprived 20% of Britain’s communities (Indices of Multiple Deprivation 2019) and this combination of poverty and isolation can have an immense effect upon women’s mental health.

Our Cardiff-based project supports upwards of 80 migrant beneficiaries by running inclusive, integrative events and classes led by our Pioneers member, who is a qualified Special Needs teacher, herself of Asian origin. Such families see this network as a lifeline and frequently express their gratitude.

Other Pioneers UKI workers provide friendship and hospitality to those who are most lonely.

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VITAL SUPPORT RECEIVED FROM GRANT-MAKING TRUSTS

In addition to our ongoing projects, we are grateful that many grant-making trusts in 2024 have provided funds to allow us to meet a number of one-off community development needs, each overseen by our Pioneers UKI field workers. Our grant income was used, for example, to:

have also built bathing facilities to encourage better sanitation .

We are most grateful to the charitable trusts who have invested in our work this year and we are working hard to develop these relationships into 2025 and beyond so that we may further increase our capacity to nurture positive change in the communities we serve and work towards all our objectives.

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We have made a difference through the advancement of the Christian Faith throughout the world, particularly in the Arab and African worlds.

By the end of 2024 we had over 140 active adult field workers in PI UK (excluding short-term workers). This reflects one or two families completing their term of service whilst other families and individuals have been launched on their longterm service, sent from their home churches to be salt and light in a needy world.

To integrate effectively into local communities, our workers are encouraged to undertake intensive language learning

and all will have received some cross-cultural training as well as rigorous security training prior to departure. There is a dedicated Member Care team, including specialist volunteers, providing ongoing practical and mental health support.

We also carry out much work in the UK. For example, there are over 58,000 Thai people living in the UK, the vast majority of whom have never heard about Jesus Christ either in their own language or even in English. Numerous Thai women, often married to British men, live in relative isolation with few people to befriend them.

Our Pioneers workers work hard across England to bring together Christian Thai women in fellowship and to reach out to other Thai women and their white British husbands who have never heard the good news of Jesus.

In addition to the projects described above, our workers are engaged in local hospitals; schools (local and International); tertiary education (including theological colleges); youth initiatives; HIV/Aids screening and training; IT administration and teaching; prison outreach; community development; environmental work; authoring books; setting up local business initiatives and encouraging understanding and friendship with other faith groups. In most cases, they are befriending the most vulnerable, often despised, in societies.

It is in these contexts that each worker sought to sensitively share the life, love and hope they have as a Christian in a gracious and loving way, both in actions and words.

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We have made a difference in Advancing Christian education and training of peoples throughout the world, particularly amongst peoples of the Arab and African worlds.

Throughout 2024 we continued to strengthen our long-term working partnerships with sister sending bases in Africa, Asia, Oceania and the Americas, and other agencies through the placement of field staff in numerous countries worldwide and by financial support of projects engaged in the holistic well-being of local communities.

The assessment of outcomes of such work is reinforced with field visits by the UKI Director and base staff from time to time, as finances permit, and regular feedback from the Pioneers International network of local and regional leadership.

Medical and allied health students on electives who have been sent and supported through Pioneers UKI in 2024 to work in overseas hospital and field clinics were able to learn from local doctors and nurses within a cross-cultural setting in African and Asian countries. These local medical staff are often Christian and so they too are being trained to express their faith in actions as well as words.

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Many of our workers gave many hours of their time sharing their faith to encourage younger or less mature believers. This may be in an informal setting such as youth work, sports coaching, medical and health advisory roles or community development work. Additionally, some of our workers have been involved in more formal settings as teachers or lecturers.

Our vital initiative, ‘Love Language’, en A 4 ny HER ee cicases. ~*~ based in central and northern , oe ‘. . rina a OS: “neisisedtora,: Nigeria, aims to train local _ » * i a ok’ - WES SS Sages ' weet te. eo) fr Beary ae= Christians to live in peace with their Muslim neighbours despite the tense climate of conflict that has existed there for many years. By bringing words of peace and love in the face of intimidation or hostility, believers have testified to the effectiveness of this training with stories of reconciliation and bridges are being built within and between neighbourhoods in mixed faith areas.

Our veteran workers at the Theological College of Northern Nigeria continued to prepare church pastors and evangelists for work in the more remote regions of the country while another field worker in South East Asia helped to strengthen the faith of young Christian school teachers being trained and sent out to state schools across the country. Here they will probably be the only Christian in the schools they serve.

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During 2024 staff members and volunteers promoted the humanitarian and spiritual needs of people in Africa and the Middle East and around the world at events, Bible colleges and churches across the UK. We were able to make good use of promotional materials, the internet, social media sites and public meetings.

We have made a difference in promoting awareness amongst those who profess to be committed followers of Jesus Christ of the spiritual needs of persons throughout the world especially in the Arab and African worlds.

Our ‘Mission:Explored’ envisioning weekends have been especially effective in describing the spiritual need across the world and inviting enquirers to consider where they may fit into God’s plan for reaching the needy.

Our Horizon 24 conference, held in Shropshire in the summer, gave an opportunity for current staff and volunteers, retired members, many overseas workers as well as friends of both our charities to enjoy a week of fellowship and envisioning as we celebrated our merging with our partner charity, AWM-Pioneers. After many fruitful years of working side by side and within the Pioneers International

family, we can now form a unified team which is more efficient and certainly more effective as we each bring our specialisms in global, African and Arab world ministry.

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Financial Review

The financial results for the company for the year ended 31 December 2024 are set out in the Financial Statements.

The Trustees of Pioneers UKI are committed to investing in the future development of the Charity whilst managing the possible, likely or very likely risks facing us, with the reserves target and budget being driven by the balance of both investment and risk.

HOW WE STEWARD OUR FINANCES

Our unrestricted reserves for the year ending 2024 show a balance of £1,915,953 (2023: £1,071,247).

Of which £684,296 is held as an investment with St James’s Place portfolio. This can be withdrawn as cash, with seven days’ notice if the Charity were to need it. We also hold investments with Lazard of £63,572, M&G Equities £8,569, Janus of £1,233, BlackRock of £61,454 and CCLA of £1,332,119. Therefore, the fixed assets are easily accessible in nature.

Within the unrestricted reserves amount, there is a designated amount of £502,654 (2023: £502,654) which is the direct income from the sale of the previous freehold offices and is currently set aside for the future purchase of new suitable premises. There is also designated funds totalling £203,993 which are amounts set aside from general funds to support specific UK ministry projects, and to fund medical expenses overseas. We have a separate designated fund of £531,246 which relates to our members missions.

The remaining undesignated amount of £678,060 (£1,915,953 - £502,654 reserved for the new building - £203,993 for specific UK ministry projects - £531,246 for member funds) is split into the following areas:

Our policy is to maintain available reserves of over £350,000, which is composed of:

Our reserve policy sets out the target reserves level and key principles by which we manage any excesses or deficits are compared to the budget. Our aim is to maintain our reserves at a sufficient level to ensure our financial resilience and sustainability, including protecting us against risk identified in the risk register/policies. We will endeavour to gain the appropriate balance between ensuring a sustainable financial position and using funds to fulfil our charitable activities and mission.

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BUDGET AND COSTS

In recognition of the amount in investment, we operated on a deficit budget basis during 2024, so that all undesignated funds can be fully utilised for the ongoing running and growth of the organisation, with any deficit being covered by ROI.

The underlying position of PIUK on unrestricted funds comprised a surplus before gains on investments of £640,138 (2023: £400,075 deficit) and total surplus before gains on investments on all funds for the year of £1,865,962 (2023: £437,180 deficit). The net surplus after gains on all funds was £1,985,795 (2023: £355,933 deficit). These figures included the exceptional transfer of Arab World Ministries if £2,421,818, of which £1,318,739 was unrestricted.

During 2024 costs continued to be monitored and controlled well by management. In 2024, UK projects and overseas projects saw an increase in grants given out to the work of this ministry. Thank you to all our partners who gave generously towards this great cause.

Following the deficit in 2023 we were cautiously still able to invest in and encourage an increasing number of missionaries during 2024, which, with our financial planning, means we are confident any increase can be supported ongoing. Our policy of a deficit budget will continue into the 2025 financial year.

Most of the funding towards underlying costs comes from voluntary donors, for whom we are most grateful. Their generosity not only provided the bulk of supporting general funds but also made gifts of

£185,180 to additional projects supported and championed by PIUKI.

With the considerable help of Global Connections, we have pension arrangements (with Scottish Widows) in place for our UK employees which comply with the UK Government’s Auto Enrolment regulations. Our staging date for Auto Enrolment was 1st June 2020. We can confirm that we are fully compliant. Similar arrangements are in place for our overseas missionaries.

At the end of the period covered by this report, Pioneers UKI remains in a sound financial position, benefiting from reserves accumulated over several years and more recently from the sale of Bawtry Hall.

FINANCIAL CONCERNS

In the process of the merger journey, the management and trustees recognised there were some financial control deficiencies which had led to an amount of money being lost by Pioneers UK Ministries. On discovery of this, and with the support of their independent Auditors, the Charity immediately reviewed all the existing controls and put into place additional procedures and safeguards to prevent any such loss in the future. Management and trustees have approved and actioned these additional procedures and are confident there are now very robust financial controls in place.

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INVESTMENT POLICY AND OBJECTIVES

During 2014, £1,250,000 was placed in a portfolio of investments designed to produce a prudent 5% return. During 2015, £650,000 was transferred back into cash and reinvested in a longer-term savings account. The trustees are now considering investing a portion of this into residential investment properties and using £500,000 to purchase a new head office for the Charity.

The largest investment held by the charity is the St James’s Place portfolio, totalling £684,296 and this can be withdrawn as Cash, with seven days’ notice if the charity has need of it. Therefore, this Fixed Asset, is actually very liquid in nature.

The trustees continue to take a lower risk approach with a view to maximise capital growth rather than short-term investment income.

Trustees work alongside financial advisors to ensure funds are invested ethically in line with the Charity Commission guidelines. Investments are reviewed annually to ensure fund managers continue to comply with the investment policy as set by trustees.

RESERVES POLICY

The level of reserves can be seen from a review of the Balance Sheet at 31 December 2024 and stands at £3,272,952 (2023: £1,287,156). Of this, £502,654 has been set to one side in a designated property fund to purchase a new head office for the Charity. The head office will be used for training and supporting the charitable objectives. There is also designated funds totalling £203,993 which are amounts set aside from general funds to support specific UK ministry projects, and to fund medical expenses overseas. We have a separate designated fund of £531,246 which relates to our members missions.

PI UK keeps what it believes is sufficient funds, in deposits with reputable bank accounts and at short notice to meet short- and medium-term losses, financial setbacks, and known projects. Apart from that invested in St James’ Place, Lazard Asset Management, M&G Investments, BlackRock, CCLA and Lloyds Banking Group, any remaining reserves are invested in low-risk term deposits, to ensure the maximum rate of interest, whilst, as far as practical, still being covered by the FSCS guarantee.

Reserves have been maintained at this level or more throughout 2024. The Board receives an update on its 3 years’ Reserves Projection through the year, as a key aspect of its financial reporting.

The Board, in 2020, decided to significantly streamline our reserves in order to invest funds over the next five years in at least one visionary field project. Therefore, over these years, we will see a planned reduction in our unrestricted funds to reflect our commitment to responsible stewardship of the resources placed into our care.

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Alongside this, in 2021, PI UK trustees agreed to start including any legacy giving within their annual budget, with any legacies received helping to offset the deficit. We work on the assumption that legacy giving may begin to decline with an ageing demographic of legacy givers. In addition, income gained from the investment policies also helps to offset the annual deficit. So far, we have managed to reduce the deficit each year based on this strategy.

The trustees believe that this new divestment and continued policy of a deficit budget rightly use the cash resources to move the organisation forward whilst maintaining a healthy reserves balance.

FUNDRAISING POLICY

Pioneers UKI is fully compliant with the Code of Fundraising Practice and we are registered with, and recognised by, the Fundraising Regulator. In addition, our Partnership Development Manager, responsible for fundraising, is registered with the Chartered Institute of Fundraising.

GOING CONCERN

The Trustees have a reasonable expectation that the company (and group) has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis for accounting in preparing the annual financial statements.

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Structure, Governance & Management

Pioneers UKI is a company limited by guarantee to the value of £1 per member and not having a share capital. The governing document is the Memorandum and Articles of Association of the company and members of the Pioneers UKI Board are the Directors of the company.

The Pioneers UKI Board is the governing body of Trustees, to whom CEO, Reverend Stephen Carling, is accountable. New Trustees are proposed and appointed by the existing members, to serve for an initial term of five years. They are orientated to their task by the Board Chair and are given an induction pack with detailed information and the roles and responsibilities of Trustees.

In 2024 the Board met three times, in addition to the AGM. These meetings included time with office staff as a mechanism to improve communication and obtain additional reassurances on efficiency and effectiveness. Ad hoc committees are formed to address specific issues. The Trustees also hold planned Zoom calls in between Board meetings for the purpose of update and brief review. The Board’s governance role focuses on compliance and strategic policy development. The Trustees bring a mix of skills and experience to the governing body, many of whom have had a long, and therefore stable, association with the work.

STAFFING AND OFFICE

The UK office staff team are responsible for the implementation and execution of the policies and strategies and for maintaining the operational efficiency of the organisation. Paid employees working in this team spread over the UK equate to 12 FTE. We were very pleased to welcome Mrs Rosie Button, based in Gloucester, onto the team to enhance the Member Care work with her extensive experience in that area. This is in addition to the appointment of Rev Kefas Tang’an, based in west London, as a parttime Mission Mentor and someone who is in a position to strengthen our connections with the African churches throughout Britain. Thus, we are very pleased to continue to be a significantly multi-cultural staff team, with staff from Asia, North America and Africa!

VOLUNTEERS

We are very grateful to our volunteers who help in the office and with activities in different areas of the UK. This includes maintaining and developing a very active cohort of former SUM and Action Partners missionaries, whose prayerful, ongoing support of the present-day work of Pioneers UK Ministries is vital. In 2024 we had help from seven regular volunteers and a few occasional volunteers.

KEY MANAGEMENT REMUNERATION

Total remuneration paid to key management during the year amounted to £139,400 (2023: £225,161).

This is set by the board of Trustees, in consultation with the Director of Pioneers UK. The trustees have reviewed key management personnel and made changes to responsibilities in the year.

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RISK MANAGEMENT

The Board of Trustees annually review the assessment of risks to which the Charity may be exposed. A Risk Map (Assessment) has been updated for the year and this is done on an annual basis. The exercise closely examines risk in the following categories: strategic risk, operational risk, personnel risk, financial risk and reputational risk.

A current operational risk concerns the IT systems, data security and backing up of data. To mitigate this risk, we have outsourced this aspect to an IT company (Aspen) who provide appropriate solutions. Additionally, we run our finance systems on two online platforms (Infoodle and Xero) to help lower risk regarding the backing up of financial and CRM-related data.

DATA PROTECTION AND THE UK-GDPR

As an established charity, we are fully aware and compliant with the Data Protection Act 2019 (DPA 2019) and the UK General Data Protection Regulation (UK-GDPR). Dr Katherine McConkey is the Trustee responsible for the oversight of Data Protection and is supported by a staff member responsible as the Data Protection Officer. Pioneers UKI has a clear Data Protection Policy issued to all employees, both within the UK and overseas. In addition, we have a Data Breach Policy. Our digital data is stored entirely online and is managed by a professional IT consultancy. Discussions on current law, security and compliance are regularly held both locally and across various Pioneers International working groups worldwide.

SIGNIFICANT RELATIONSHIPS

We continue as a UK national base for the international Pioneers movement. During 2023 we continued the significant ministry partnership with the Afro Diaspora Mission Network (ADMiN) approved by the Trustees in 2021. This Afro-indigenous initiative, founded in the UK, to mobilise global African diaspora Christians to serve African and other people groups across the world, is in the final stages of applying for UK charitable status itself. A second objective of ADMiN is to support mobilisation movements in the global south and the Trustees of Pioneers UKI began to look at how this can be done practically, with plans to offer consultancy support to other Pioneers bases in 2024.

The Director visited Nigeria and the Church of Christ in Nations (COCIN) in 2024 to pursue the strengthening of our historic partnership with this large African denomination for the sake of relevant mobilisation of Christians within the global south as well as other parts of the world.

The relationship between Pioneers UKI and Action Partners Corporation (APC) continues, though APC is now a dormant charity.

The increasingly close relationship with Arab World Ministries-Pioneers (also a member of the Pioneers International movement), has been strengthened throughout the year via regular meetings between Trustees, the two respective Directors and staff plus engaging in various joint programmes; culminating in the merging together in July.

Pioneers UKI is a member of Global Connections, formerly the Evangelical Missionary Alliance.

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In Summary

We are very pleased to say that Pioneers UKI continued to make progress towards its objectives in 2024 as evidenced by the increase of applicants to join as field worker members being sent to their new workplaces, representing a growing capacity.

Across 2024 we have settled on an effective hybrid of virtual and in-person engagement with churches, supporters and enquirers … as well as strengthening a hybrid approach to staff team gatherings and resourcing. A good proportion of our staff and volunteers work remotely now, reflecting the way that many organisations are operating. This allows us to employ some of the best people in the sector and to have a greater geographic reach than before.

Significant relationships with supporters, like-minded organisations and strategic listening have helped to create further network partnership opportunities for growth in each of our objectives.

We continue to enjoy the benefits of belonging to the wider Pioneers International network which has over 3,000 members, most of whom work on the field in 465 teams, working in 108 countries and 441 distinct people groups. Therefore, we have every reason to look forward to seeing much growth in 2025

FUTURE PLANS

We remain committed to the promotion of Pioneers in the UK and Ireland to increase the number of people being mentored and, in due course, being sent out to where they feel they are called. This includes developing our working relationship with other like-minded agencies. Now we are a merged agency, we can have a presence at addition Christian events and university Christian unions and work together in targeted areas of mobilisation. Diaspora ministry will continue and be strengthened.

We will explore developing mutually supportive relationships with the three African mobilisation offices for Pioneers in Africa.

The Trustees’ decision to divest some of its money to put into new mobilising projects – especially where this supports global south initiatives - has the potential to move the organisation forward significantly over the coming years. We hope to strengthen current pathways, alongside new ones, to maximise the impact of the resources we have.

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Pioneers UK Ministries (Registered number: 02917955)

Report of the Trustees for the Year Ended 31 December 2024

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02917955 (England and Wales)

Registered Charity number 1037154

Registered office Bawtry Hall Bawtry Doncaster South Yorkshire DN10 6JH

Trustees

C J Bignell (resigned 31.1.24) J R Hickson S D Jenkins D R Maddock (resigned 31.1.24) P J Maddock K J McConkey J Barthow (resigned 31.1.24) E Aryee

Chief Executive Officer

S Carling

Company Secretary P J Maddock

Auditors

Wright Vigar Limited Statutory Auditors Chartered Accountants & Business Advisers Chancery Court 34 West Street Retford Nottinghamshire DN22 6ES

Solicitors

Anthony Collins LLP 134 Edmund Street Birmingham B3 2ES

Bankers

National Westminster Bank plc 12 High Street Doncaster DN1 1ED

Key Management Personnel

Chief Executive Officer Director of Member Care Director of HR and Mobilisation Director of Communications and Operations

Page 21

Pioneers UK Ministries (Registered number: 02917955)

Report of the Trustees for the Year Ended 31 December 2024

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Pioneers UK Ministries for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

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 the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to 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.

In so far as the trustees are aware:

AUDITORS

The auditors, Wright Vigar Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 30 January 2026 and signed on the board's behalf by:

J R Hickson - Trustee

Page 22

Report of the Independent Auditors to the Members of Pioneers UK Ministries (Registered number: 02917955)

Opinion

We have audited the financial statements of Pioneers UK Ministries (the 'charitable company') for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence 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 appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

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 Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated 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 this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

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:

Page 23

Report of the Independent Auditors to the Members of Pioneers UK Ministries (Registered number: 02917955)

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) 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 charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

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 a Report of the Independent Auditors 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 detect a material misstatement 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our work is performed to include an assessment of the susceptibility of the entity's financial statements to material misstatement, including the risk of fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

In identifying and assessing risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:

During our initial assessment we noted that there were control deficiencies in the segregation of duties relating to management override making the charity susceptible to material fraud. Our approach was reviewed and additional testing was undertaken on transactions with management to increase the likelihood of detecting material fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Paul Colcomb FCCA (Senior Statutory Auditor) for and on behalf of Wright Vigar Limited Statutory Auditors Chartered Accountants & Business Advisers Chancery Court 34 West Street Retford Nottinghamshire DN22 6ES Date: 30 January 2026

Page 24

Pioneers UK Ministries

Statement of Financial Activities for the Year Ended 31 December 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS
FROM
Donations and legacies
3
3,099,095
Other trading activities
4
149,749
Investment income
5
41,057
Other income
3,680
Total
3,293,581
EXPENDITURE ON
Raising funds
6
145,082
Charitable activities
7
UK Ministries
761,065
Overseas Ministries
482,038
Support of projects
212,876
Infrastructure
906,527
AWM Ministry Costs
145,855
Total
2,653,443
Net gains/(losses) on
investments
101,400
NET INCOME/(EXPENDITURE)
741,538
Transfers between funds
21
84,168
Other recognised
gains/(losses)
Gains on revaluation of fxed
assets
19,000
Net movement in funds
844,706
RECONCILIATION OF FUNDS
Total funds brought forward
1,071,247
TOTAL FUNDS CARRIED
FORWARD
1,915,953		 Restricted
funds
£
2,250,135
-
-
-
2,250,135
-
-
-
104,815
-
919,496
1,024,311
3
1,225,827
(84,168)
-
1,141,659
148,075
1,289,734		 Endowment
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
(569)
(569)
-
-
(569)
67,834
67,265		 2024
Total
funds
£
5,349,230
149,749
41,057
3,680
5,543,716
145,082
761,065
482,038
317,691
906,527
1,065,351
3,677,754
100,834
1,966,796
-
19,000
1,985,796
1,287,156
3,272,952		 2023
Total
funds
£
1,546,142
130,995
8,915
70
1,686,122
102,042
568,157
694,896
146,905
611,302
-
2,123,302
81,247
(355,933)
-
20,000
(335,933)
1,623,089
1,287,156

The notes form part of these financial statements

Page 25

Pioneers UK Ministries (Registered number: 02917955)

Balance Sheet 31 December 2024

2024 2023
Unrestricted Restricted Endowment Total Total
funds funds funds funds funds
Notes £ £ £ £ £
FIXED ASSETS
Tangible assets 15 456,823 - - 456,823 3,450
Investments
Investments 16 1,136,943 947,098 67,265 2,151,306 844,079
Investment property 17 220,000 - - 220,000 201,000
1,813,766 947,098 67,265 2,828,129 1,048,529
CURRENT ASSETS
Stocks 18 3,850 - - 3,850 -
Debtors 19 105,992 13,939 - 119,931 61,351
Cash at bank and in hand 113,708 361,842 - 475,550 201,491
223,550 375,781 - 599,331 262,842
CREDITORS
Amounts falling due within one
year 20 (121,363) (33,145) - (154,508) (24,215)
NET CURRENT ASSETS 102,187 342,636 - 444,823 238,627
TOTAL ASSETS LESS
CURRENT LIABILITIES 1,915,953 1,289,734 67,265 3,272,952 1,287,156
NET ASSETS 1,915,953 1,289,734 67,265 3,272,952 1,287,156
FUNDS 21
Unrestricted funds 1,915,953 1,071,247
Restricted funds 1,289,734 148,075
Endowment funds 67,265 67,834
TOTAL FUNDS 3,272,952 1,287,156

The financial statements were approved by the Board of Trustees and authorised for issue on 30 January 2026 and were signed on its behalf by:

J R Hickson - Trustee

The notes form part of these financial statements

Page 26

Pioneers UK Ministries

Cash Flow Statement
for the Year Ended 31 December 2024
2024
Notes
£
Cash fows from operating activities
Cash generated from operations
1
1,936,924
Net cash provided by/(used in) operating activities
1,936,924
Cash fows from investing activities
Purchase of tangible fxed assets
(456,472)
Purchase of fxed asset investments
(1,402,693)
Sale of fxed asset investments
196,300
Interest received
-
Net cash (used in)/provided by investing activities
(1,662,865)
Change in cash and cash equivalents in
the reporting period
274,059
Cash and cash equivalents at the
beginning of the reporting period
201,491
Cash and cash equivalents at the end of
the reporting period
475,550		 2023
£
(455,153)
(455,153)
(1,046)
-
165,558
1,035
165,547
(289,606)
491,097
201,491

The notes form part of these financial statements

Page 27

Pioneers UK Ministries

Notes to the Cash Flow Statement for the Year Ended 31 December 2024

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Gain on investments
Interest received
Increase in stocks
Increase in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operations		 2024
£
1,966,796
3,099
(100,834)
-
(3,850)
(58,580)
130,293
1,936,924		 2023
£
(355,933)
2,276
(81,247)
(1,035)
-
(10,178)
(9,036)
(455,153)

2.

ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24 Cash fow At 31.12.24
£ £ £
Net cash
Cash at bank and in hand 201,491 274,059 475,550
201,491 274,059 475,550
Total 201,491 274,059 475,550

The notes form part of these financial statements

Page 28

Pioneers UK Ministries

Notes to the Financial Statements for the Year Ended 31 December 2024

1. LEGAL STATUS OF THE CHARITY

The charity is a company limited by guarantee registered in England and Wales. Details of the company number and registered office can be found in the reference and administration section of the Report of the Trustees.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The trustees have taken advantage of Section 405 of the Companies Act 2006 and Section 24 of the Charities SORP (FRS102) to not prepare consolidated financial statements as the subsidiary (Action Partners Corporation) is not material for the purpose of giving a true and fair view.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Allocation and apportionment of costs

Expenditure, which is charged on an accruals basis, is allocated between:

Expenditure includes attributable VAT which cannot be recovered.

In the year, the Trustees decided to adopt a more specific allocation method to head office costs. It was decided that 90% of costs would be allocated to general support costs with the remaining 10% allocated to the costs associated with raising funds.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% Straight line Fixtures and fittings - 25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Page 29

continued...

Pioneers UK Ministries

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

3. DONATIONS AND LEGACIES

Donations
Legacies
Assets transferred on merger
Donations:
UK Ministries
Overseas Ministries and projects
Contribution towards AWM payroll
Support of projects
Infrastructure
Legacies		 2024
Unrestricted
funds
£
482,363
814,092
465,841
-
252,881
2,015,177
75,212
2,090,389		 2024
Restricted funds
£
-
-
-
122,537
-
122,537
-
122,537		 2024
Restricted funds
£
-
-
-
122,537
-
122,537
-
122,537		 2024
£
2,806,849
120,563
2,421,818
5,349,230
2024
Total
£
482,363
814,092
465,841
122,537
252,881
2,137,714
75,212
2,212,926		 2023
£
1,456,682
89,460
-
1,546,142
2023
Total
£
446,680
673,170
-
55,164
281,668
1,456,682
89,460
1,546,142

Page 30

continued...

Pioneers UK Ministries

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

4. OTHER TRADING ACTIVITIES

4.
OTHER TRADING ACTIVITIES
Admin fee income
5.
INVESTMENT INCOME
Rents received
Investment income
Deposit account interest
6.
RAISING FUNDS
Raising donations and legacies
Staf costs
Travel
Rates and water
Insurance
Postage and stationery
Sundries
Promotions activity
Travel
Internet/email
Books / literature
Computer support
Photocopier
Staf training
Staf conference
Ofce equipment support
Bank charges
HR Support costs
Fundraising costs
Gift boxes
Depreciation
Other trading activities
Staf costs - mobilisation
Trustees' expenses		 2024
£
149,749
2024
£
11,769
29,288
-
41,057
2024
£
51,167
1,161
3,048
119
2,002
3,686
150
7,855
523
110
1,434
48
765
-
4,619
552
90
3,027
26,966
310
107,632
2024
£
23,065
-
23,065		 2023
£
130,995
2023
£
5,961
1,919
1,035
8,915
2023
£
30,391
301
2,888
166
1,307
12,057
534
940
404
66
167
52
194
2,005
1,962
502
-
1,820
18,734
228
74,718
2023
£
11,201
565
11,766

Page 31

continued...

Pioneers UK Ministries

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

6. RAISING FUNDS - continued

Investment management costs

Investment management costs
Portfolio management
Property repairs
Aggregate amounts		 2024
£
14,182
203
14,385
145,082		 2023
£
15,558
-
15,558
102,042

7. CHARITABLE ACTIVITIES COSTS

8.

CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
Direct
(see note
Costs
8)
£
£
UK Ministries
761,065
-
Overseas Ministries
481,976
-
Support of projects
-
317,691
Infrastructure
185,955
-
AWM Ministry Costs
943,260
-
2,372,256
317,691
GRANTS PAYABLE
Support of projects
The total grants paid to institutions during the year was as follows:
2023
2024
The following Institutions were the recipients of the grants made during the year:
Pioneers Europe
Pioneers USA
Pioneers Australia
Pioneers UK
Pioneers Nigeria
Pioneers South Sudan
Pioneers India
Pioneers Kenya
Pioneers Uganda
Pioneers Singapore
Pioneers Nepal
Pioneers South Kosovo
Arboleda grant
Pioneers overseas		 Support
costs (see
note 9)
£
-
62
-
720,572
122,091
842,725
2024
£
317,691
2024
£
-
317,691
317,691
2024
£
1,910
73,929
94,724
8,643
17,623
27,045
7,866
361
14,255
9,243
27,403
1.620
2,850
30,219
317,691		 Totals
£
761,065
482,038
317,691
906,527
1,065,351
3,532,672
2023
£
146,905
2023
£
146,905
-
146,905
2023
£
-
-
-
16,614
5,285
26,169
-
-
3,635
-
66,735
-
-
28,467
146,905

Page 32

continued...

Pioneers UK Ministries

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

9. SUPPORT COSTS

SUPPORT COSTS
Human
Finance
resources
£
£
Overseas Ministries
19
-
Infrastructure
214,721
146,896
AWM Ministry Costs
-
44,928
214,740
191,824
Governance
Mobilisation
costs
£
£
Overseas Ministries
34
-
Infrastructure
222,336
55,754
AWM Ministry Costs
6,267
-
228,637
55,754		 Head
ofce
£
9
80,865
70,896
151,770
Totals
£
62
720,572
122,091
842,725

Support costs, included in the above, are as follows:

Finance

Wages
Social security
Pensions
Sundries
Bank charges
Human resources
Wages
Social security
Pensions
Sundries
Travel
Medical expenses
Head ofce
Rates and water
Insurance
Postage and stationery
IT expenses
Staf training
Staf conferences
Carried forward		 Overseas
Ministries
Infrastructure
£
£
-
180,098
-
9,348
19
14,986
-
5,322
-
4,967
19
214,721
AWM
Ministry
Infrastructure
Costs
£
£
114,928
-
5,756
-
9,965
-
11,332
36,264
4,915
-
-
8,664
146,896
44,928
AWM
Overseas Ministry
Total
Ministries
Infrastructure
Costs
£
£
£
-
27,431
-
9
1,468
-
-
7,631
-
-
17,615
33,882
-
2,263
37,014
-
16,841
-
9
73,249
70,896		 2024
Total
activities
£
180,098
9,348
15,005
5,322
4,967
214,740
2024
Total
activities
£
114,928
5,756
9,965
47,596
4,915
8,664
191,824
2024
Total
activities
£
27,431
1,477
7,631
51,497
39,277
16,841
144,154		 2023
Total
activities
£
134,718
8,448
14,271
16,465
4,515
178,417
2023
Total
activities
£
71,826
4,606
8,550
10,729
3,369
-
99,080
2023
activities
£
25,995
1,586
6,009
5,134
1,750
21,072
61,546

Page 33

continued...

Pioneers UK Ministries

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

9. SUPPORT COSTS - continued

Head office - continued

Brought forward
Repairs and renewals
Mobilisation
Wages
Social security
Pensions
Travel
Promotions activity		 Overseas Ministry
Ministries
Infrastructure
£
£
9
73,249
-
7,616
9
80,865
Overseas Ministry
Ministries
Infrastructure
£
£
34
187,497
-
7,639
-
12,443
-
13,795
-
962
34
222,336		 AWM
Total
Costs
£
70,896
-
70,896
AWM
Total
Costs
£
-
-
-
1,987
4,280
6,267		 2024
Total
activities
£
144,154
7,616
151,770
2024
Total
activities
£
187,531
7,639
12,443
15,782
5,242
228,637		 2023
activities
£
61,546
17,657
79,203
2023
activities
£
89,161
4,708
6,938
4,266
4,024
109,097

Mobilisation

Governance costs

Trustees' expenses
Auditors' remuneration
Auditors' remuneration for non audit work
Legal and professional fees
Conference
Membership/subscriptions
10.
NET INCOME/(EXPENDITURE)
Depreciation
Travel
11.
AUDITORS' REMUNERATION
Fees payable to the charity's auditors and their associates for the audit of the
charity's fnancial statements
Auditors' remuneration for non audit work		 2024
2023
Total
Infrastructure
activities
£
£
3,059
6,894
30,429
15,144
2,650
2,400
3,668
12,364
5,444
11,496
10,504
10,221
55,754
58,519
2024
2023
£
£
3,126
2,276
32,234
10,169
2024
2023
£
£
30,429
15,144
2,650
2,400

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continued...

Pioneers UK Ministries

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

12. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

During the year 4 trustees were reimbursed a total £3,059 (2023: £2,713) for expenses.

13. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Overseas and city ministries staf
UK ofce		 2024
£
1,349,417
63,999
96,136
1,509,552
2024
56
18
74		 2023
£
1,036,131
48,426
92,421
1,176,978
2023
40
14
54

No employees received emoluments in excess of £60,000.

The staff costs include all head office employees and members in the United Kingdom and overseas.

14. EXCEPTIONAL ITEMS

Included within exceptional items includes a donation of assets of £2,421,818 from Arab World Ministries, a charity that merged with Pioneers Uk Ministries on 01 July 2024. The value of assets were agreed within the signed deed of transfer signed on 16 July 2024.

Arab World Ministries is a registered charitable company whose objective's are the advancement of the Christian Faith amongst Muslim peoples of the Arab World. Charity number - 1059106 Company number - 03275009

15. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
COST
At 1 January 2024
Additions
At 31 December 2024
DEPRECIATION
At 1 January 2024
Charge for year
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023		 Freehold
property
£
-
438,968
438,968
-
-
-
438,968
-		 Fixtures
and
fttings
£
10,045
17,504
27,549
6,595
3,099
9,694
17,855
3,450		 Totals
£
10,045
456,472
466,517
6,595
3,099
9,694
456,823
3,450

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Pioneers UK Ministries

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

16. FIXED ASSET INVESTMENTS

MARKET VALUE
At 1 January 2024
Additions
Disposals
Revaluations
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023		 Listed
investments
£
844,079
1,417,833
(198,398)
87,792
2,151,306
2,151,306
844,079

At 31 December 2024 there were £531,619 (2023: £427,387) of assets invested outside the UK.

Cost or valuation at 31 December 2024 is represented by:

Valuation in 2022
Valuation in 2023
Valuation in 2024
Cost		 Listed
investments
£
(69,050)
81,246
87,792
2,051,318
2,151,306

The company's investments at the balance sheet date in the share capital of companies include the following:

Action Partners Corporation

Registered office: Bawtry Hall, South Parade, Bawtry, Doncaster, South Yorkshire, DN10 6JH Nature of business: Dormant Charitable Company

%
Class of share:
holding
Ordinary
100
31.12.24
£
Aggregate capital and reserves
1
17.
INVESTMENT PROPERTY
FAIR VALUE
At 1 January 2024
Revaluation
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023		 31.12.23
£
1
£
201,000
19,000
220,000
220,000
201,000

In December 2024, the investment properties were valued at £220,000 by the trustees following consultations with their letting agent.

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Pioneers UK Ministries

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

17. INVESTMENT PROPERTY - continued

Fair value at 31 December 2024 is represented by:

Fair value at 31 December 2024 is represented by:
Valuation in 2022
Valuation in 2023
Valuation in 2024
Cost		 £
1,900
20,000
19,000
179,100
220,000

The directors have reviewed the properties as at 31 December 2024 and believe that the valuation reflects the current fair value. Their valuation was derived from using recent valuation estimates if they were to sell the properties.

18. STOCKS

19.

20.

STOCKS
Stocks
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments and accrued income
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accrued expenses		 2024
£
3,850
2024
£
10,819
80,195
28,917
119,931
2024
£
16,627
28,004
80,376
29,501
154,508		 2023
£
-
2023
£
-
48,902
12,449		 2023
£
-
61,351
2023
£
152
13,093
5,069
5,901
24,215

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continued...

Pioneers UK Ministries

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

21. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Property fund
Medical Fund (Designated)
UK Ministries (Designated)
Arab Workers (Designated)
Regional Expansion Fund (Designated)
Members Funds (Designated)
Restricted funds
UK
Burkina Faso
Cameroon
Chad
Ethopia
India
Nigeria
Kenya
Sudan
Pioneers Europe
Sundry
Uganda
USA
Nepal
Egypt
Kosovo
Bosnia
Tanzania
Education / Humanitarian
Media
National Workers
Other / Relief
UK Projects
Non UK Support
UK Support
Endowment funds
The Simmonds bequest
The Sidmouth bequest
TOTAL FUNDS		 At 1.1.24
£
568,593
502,654
-
-
-
-
-
1,071,247
18,432
4,299
2,954
51
56
-
51,901
-
-
30,709
10,197
3,941
723
22,976
880
794
162
-
-
-
-
-
-
-
-
148,075
2,712
65,122
67,834
1,287,156		 Net
movement
in funds
£
624,188
-
1,563
(55,595)
76,525
113,857
-
760,538
5,725
-
-
-
-
12,404
10,281
108
(697)
-
-
3,617
-
(14,850)
-
133
-
1,000
122,691
6,781
57,049
27,406
9,488
39,341
945,350
1,225,827
65
(634)
(569)
1,985,796		 Transfers
between
funds
£
(514,721)
-
23,347
55,595
(11,299)
-
531,246
84,168
-
-
-
-
-
-
-
-
697
-
-
-
-
-
-
-
-
-
(1,427)
(4,072)
1,323
(34)
(96)
(1,171)
(79,388)
(84,168)
-
-
-
-		 At
31.12.24
£
678,060
502,654
24,910
-
65,226
113,857
531,246
1,915,953
24,157
4,299
2,954
51
56
12,404
62,182
108
-
30,709
10,197
7,558
723
8,126
880
927
162
1,000
121,264
2,709
58,372
27,372
9,392
38,170
865,962
1,289,734
2,777
64,488
67,265
3,272,952

Page 38

continued...

Pioneers UK Ministries

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

21. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Medical Fund (Designated)
UK Ministries (Designated)
Arab Workers (Designated)
Regional Expansion Fund (Designated)
Restricted funds
UK
India
Nigeria
Kenya
Sudan
Uganda
Nepal
Kosovo
Tanzania
Education / Humanitarian
Media
National Workers
Other / Relief
UK Projects
Non UK Support
UK Support
Endowment funds
The Simmonds bequest
The Sidmouth bequest
TOTAL FUNDS		 Incoming
resources
£
3,144,905
10,227
(51,933)
76,525
113,857
3,293,581
14,367
20,271
27,904
468
26,348
17,872
12,552
1,752
1,000
136,400
44,586
223,881
30,292
10,948
67,698
1,613,796
2,250,135
-
-
-
5,543,716		 Resources
expended
£
(2,641,117)
(8,664)
(3,662)
-
-
(2,653,443)
(8,643)
(7,866)
(17,623)
(361)
(27,045)
(14,255)
(27,403)
(1,620)
-
(13,709)
(37,804)
(166,832)
(2,887)
(1,460)
(28,357)
(668,446)
(1,024,311)
-
-
-
(3,677,754)		 Gains and
losses
£
120,400
-
-
-
-
120,400
1
(1)
-
1
-
-
1
1
-
-
(1)
-
1
-
-
-
3
65
(634)
(569)
119,834		 Movement
in funds
£
624,188
1,563
(55,595)
76,525
113,857
760,538
5,725
12,404
10,281
108
(697)
3,617
(14,850)
133
1,000
122,691
6,781
57,049
27,406
9,488
39,341
945,350
1,225,827
65
(634)
(569)
1,985,796

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continued...

Pioneers UK Ministries

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

21. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Property fund
Restricted funds
UK
Burkina Faso
Cameroon
Chad
Ethopia
Nigeria
Pioneers Europe
Sundry
Uganda
USA
Nepal
Egypt
Kosovo
Bosnia
Endowment funds
The Simmonds bequest
The Sidmouth bequest
TOTAL FUNDS		 At 1.1.23
£
867,838
502,654
1,370,492
15,298
4,299
2,954
51
56
40,295
30,709
10,197
2,321
723
76,441
880
794
162
185,180
2,777
64,640
67,417
1,623,089		 Net
movement
in funds
£
(299,245)
-
(299,245)
3,134
-
-
-
-
11,606
-
-
1,620
-
(53,465)
-
-
-
(37,105)
(65)
482
417
(335,933)		 At
31.12.23
£
568,593
502,654
1,071,247
18,432
4,299
2,954
51
56
51,901
30,709
10,197
3,941
723
22,976
880
794
162
148,075
2,712
65,122
67,834
1,287,156

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
UK
Nigeria
Uganda
Nepal
Endowment funds
The Simmonds bequest
The Sidmouth bequest
TOTAL FUNDS		 Incoming
resources
£
1,630,958
19,748
16,891
5,255
13,270
55,164
-
-
-
1,686,122		 Resources
expended
£
(2,031,033)
(16,614)
(5,285)
(3,635)
(66,735)
(92,269)
-
-
-
(2,123,302)		 Gains and
losses
£
100,830
-
-
-
-
-
(65)
482
417
101,247		 Movement
in funds
£
(299,245)
3,134
11,606
1,620
(53,465)
(37,105)
(65)
482
417
(335,933)

Page 40

continued...

Pioneers UK Ministries

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

21. MOVEMENT IN FUNDS - continued DETAILS OF FUNDS HELD BY THE CHARITY

Property Fund

The property fund is a designated fund created for the future purchase of offices for the charity.

Designated Funds

The Designated funds are amounts set aside from general funds to support specific UK ministry projects, and to fund medical expenses overseas. Unspent reserves from funds designated in 2021 to assist with the recruitment and training of workers in or for the Arab world remain designated for future training purposes.

Members Funds

These are specific designated funds which are for members to enable them to complete their missions.

Restricted Funds:

These are funds that can only be used for a specific purpose as determined by the donor. By recording them as such the donor can be assured that their use will only be for the purpose specified by them.

Country Specifc Funds

Restricted funds for specific countries have arisen following missionaries fundraising for their trips or from donors who have given monies for use in certain countries or on certain projects.

Pioneers Europe

This restricted fund has arisen from funds generated by Pioneers Europe for use in Europe but is held by the charity.

Restricted Projects

These are charitable activities of the mission over and above the responsibilities of individual workers. Donations are received for these purposes and held in these funds. Most of the funds (including all the larger funds) are paid out in full each month to the managers of those funds and accounted for elsewhere.

Restricted Support Funds

These funds are used for the accommodation and general living expenses of workers both in the UK and abroad. Included within these funds are amounts to enable the workers to establish themselves in their place of ministry and to cover the costs of performing their ministry.

Endowment funds:

Endowment funds are funds held from the Simmonds and Sidmouth bequest, which under a Charity Commission ruling, cannot be sold unless they agree to the sale. Dividends come into general funds.

Transfers between funds

All transfers between funds relate to the support from general funds of the overspend on restricted funds. It also relates to administration charges relating to the management of restricted incoming resources.

A transfer was made between general fund and member funds (designated) in the year, this was to allocate any funds relating to supporting members on their missions against the correct designated fund.

22. RELATED PARTY DISCLOSURES

During the year 2 members of key management personnel were reimbursed a total £2,771 (2023: £843) for expenses.

Details of key management remuneration is shown in the trustee report on Page 21.

This page does not form part of the statutory financial statements

Page 41