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2022-03-31-accounts

INTERNATIONAL TEAMS UK TRUST

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Charitable Incorporated Organisation Number: 1089864 St. Gabriels Centre, Keysworth Road, Poole, Dorset, BH16 5BH

INTERNATIONAL TEAMS UK TRUST

REFERENCE & ADMINISTRATIVE INFORMATION

Registered Charity Number 1089864
Principal Address St. Gabriels Centre
Keysworth Road
Poole
Dorset
BH16 5BH
Trustees Scott Olson (Chair)
Gareth Killa
Judy Luhombo
Jason Rogers
Bookkeepers Your Business Hub Services Ltd
Ty Menter
Navigation Park
Abercynon
CF45 4SN
Bankers NatWest Bank PLC
122 High Street
Merthyr Tydfil
CF47 8BN

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INTERNATIONAL TEAMS UK TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their report and the financial statements of the charity for the year ended 31 March 2022

CONSTITUTION & LEGAL STATUS

International Teams UK Trust is a Charitable Incorporated Organisation (CIO).

The first meeting of the Trustees of the CIO was held on 18 March 2020. The CIO is governed by a constitution that was drawn up 9 March 2020.

International Teams (UK) Trust known as ITUK was established in May 1995 by trust deed, on 31st August 2002, the unincorporated charity, International Teams (UK) Trust (Charity Number: 1047932) was wound up and transferred into the Charitable Company. The company was incorporated on 13 March 2001 and was dormant until 31 August 2002. The company has taken advantage of Section 30 of the Companies Act 1985 for exemption from using the word “Limited” in the company name. On 23 April 2004 the Charity Number 1047932 was ceased and started as 1089864. On 9 March 2020 the Charitable Company (04178676) was converted/closed to become the CIO.

OBJECTS OF THE CHARITY

In the transition from charitable company, the objects of the Charity have been updated and modified to;

To advance the Christian faith by encouraging, supporting and facilitating Christian mission work throughout the world by such means or charitable purposes as the trustees shall, in their absolute discretion, consider appropriate.

TRUSTEES

The method of appointment of trustees is set out in the CIO Constitution.

During the year 1 April 2021-31 March 2022 the following people acted as trustees:

Scott Olson (Chair) Gareth Killa Judy Luhombo Jason Rogers

The need for new trustees is reviewed regularly and when appropriate possible names are presented at a trustee meeting for consideration. The existing trustees make any new appointments, for a 3 year period. The charity trustees will make available to each new charity trustee, on or before his or her first appointment:

REVIEW OF THE YEAR

ITUK continues to support missionaries in a number of countries across the world. The activities include a wide range of different ministries such as evangelism, work with young people and street children, local church support, anti-slavery and refugee support.

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INTERNATIONAL TEAMS UK TRUST

ITUK seeks to network with churches in the UK to share a passion and action for mission, both local and global.

The public benefits that emanate from the organisation include

Missionaries wishing to work with the trust are required to arrange sponsorship from outside sources at a level that will cover the costs of the mission and associated administration costs. Grants are then paid in line with the funding made available, less administration costs charged at the appropriate rate.

ITUK has volunteer based pastoral care services for missionaries

ITUK has developed good working relationships with organisations that are actively involved in the care of disadvantaged people or people groups. Examples of these include the Matumaini Rehabilitation Centre, Molo Street Children’s Project; There is Hope Malawi, Voice of Gospel, Turi Micah Project, YADA Burundi, Casa de PAN and IT Tender Ministries, Philippines.

ITUK is autonomous but works in partnership with other international team organisations based in USA, Canada, Australia, Netherlands and the Philippines. The CEO is part of the International Teams Fellowship which meets annually to review issues that impact the organisations globally and provide much needed global perspective to the work of each of the organisations.

ACHIEVEMENTS AND PERFORMANCE

ITUK has continued to pursue its main objective to see more Christian workers supported by the organisation deployed in locations around the world to provide a compassionate and caring service to the most vulnerable in society.

They have sought to improve and develop training programmes to equip better those people joining the organisation to go to work in different cultures and environments. ITUK continues to focus on providing personal and leadership support for a variety of projects around the world involving indigenous organisations with whom we partner.

We have been especially grateful for our supporters, both individuals and churches, who provide the means and the people who help to make such a difference in people’s lives.

A significant partnership was established with an American organisation called One Collective which brought new operational leadership and a range of new systems and support which has been a tremendous help to the organisation.

PLANS FOR FUTURE PERIODS

ITUK faces great opportunities in the year ahead to be different and to make a difference in many people’s lives that will show God’s love and heart to a hurting generation. ITUK is seeking to grow our presence within our ministries and within our supporting churches so we can affect the change in people’s lives that Jesus wants. We therefore look forward to a new year in which we will be successful in furthering God’s work to help change more lives.

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INTERNATIONAL TEAMS UK TRUST

RISK REVIEW

The management committee regularly reviews the major risks to which the charity is exposed and systems are established to mitigate these risks. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.

RESERVES POLICY

The Trustees have decided to maintain a small financial reserve, approximately equivalent to 3 months predictable outgoings.

Funds donated in a restricted form are sought to be used for that purpose as soon as practicable need arises. Normally restricted funds would only be granted without use of unrestricted funds, however where there is insufficient funds due to minor timing differences and refusal to make payment would cause hardship, the temporary overdrawn balance is covered by general funds.

The Restricted beneficiaries and projects did not spend all the monies given to them to date, leaving a surplus of £99,953 (2021 £116,538) to be carried forward. Each missionary contributes up to 15% of funds after Gift Aid towards central costs. The unrestricted funds finished the year with a surplus of £43,175 (2021 £36,843).

It is the policy of the Board to provide an increased contribution to the salary cost of the Chief Executive and to cover the costs of improved training and awareness.

RESPONSIBILITIES OF THE TRUSTEES

Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Trust as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure for the financial year.

In preparing those financial statements the trustees should follow best practice and

The trustees are responsible for maintaining proper accounting records which disclose at any time the financial position of the charity and to enable them to ensure that the financial statements comply with charity legislation. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees on 6[th] January 2023 and signed on their behalf

………………………………………………………………. Mr Scott Olson Trustee (Chair)

………………………………………………………………. Mr Gareth Killa Trustee

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INTERNATIONAL TEAMS UK TRUST

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES ON THE UNAUDITED FINANCIAL STATEMENTS OF INTERNATIONAL TEAMS UK TRUST FOR THE YEAR ENDED 31 MARCH 2022

I report on the accounts of International Teams UK Trust for the year ended 31 March 2022 set out on pages 6 to 11.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER

As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 144(2) of the Charities Act 2011 (the Act) does not apply and that an independent examination is needed. It is my responsibility to examine the accounts under section 145 of the Act, to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Act, and to state whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER'S STATEMENT

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

In connection with my examination, no matter has come to my attention:

……………………………………………………………….

Asem Din Hughes Isaac & Co 86 Newport Road Caldicot NP26 4BR

Date: 31 January 2023

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INTERNATIONAL TEAMS UK TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.

All the above amounts relate to continuing services

Notes
Incoming resources
Voluntary Income
2
Interest
Gift Aid
Total incoming resources
Resources expended
Worker & Project Support
3
Staff Costs
4
Administration
Office
Total resources expended
Net incoming/(outgoing)
resources before transfers
Transfer between funds
Net incoming/(outgoing)
resources for the year
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
Restricted
Funds
2021-22
Total
£
£
£
6,881
465,471
472,352
11
0
11
513
34,281
34,794
7,405
499,752
507,156
0
464,416
464,416
35,742
0
35,742
14,042
0
14,042
3,210
0
3,210
52,993
464,416
517,409
(45,589)
35,336
(10,253)
51,920
(51,920)
0
6,332
(16,585)
(10,253)
36,843
116,538
153,381
43,175
99,953
143,128		 2020-21
Total
£
473,922
44
31,831
505,798
405,446
34,167
13,076
2,070
454,759
51,038
0
51,038
102,343
153,381

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INTERNATIONAL TEAMS UK TRUST

BALANCE SHEET AS AT 31 MARCH 2022

Notes
Current Assets
Cash at bank and in hand
Debtors
Prepayments
Total Current Assets
Current Liabilities
Creditor amounts falling due within one year
Net Current Assets
Fixed Assets
Tangible Assets
Total Assets less Current Liabilities
Non-Current Liabilities
Creditor amounts falling due after more than one
year
Net assets
Funds
Restricted Funds
6
Unrestricted Funds
7
Total funds		 31 March 22
£
154,671
17,867
0
172,538
(29,409)
143,128
0
143,128
0
143,128
99,953
43,175
143,128		 31 March
21
£
158,941
17,916
2
176,859
(23,476)
153,383
0
153,383
0
153,383
116,538
36,843
153,381

Notes in pages 9 to 11 form part of these accounts

Approved by the Trustees on 6[th] January 2023 and signed on their behalf

………………………………………………………………. Mr Scott Olson Trustee (Chair)

………………………………………………………………. Mr Gareth Killa Trustee

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INTERNATIONAL TEAMS UK TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. Accounting Policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the year preceding.

1.1. Basis of Preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102); and the Charities Act 2011.

The accounts have been prepared on an accrual’s basis.

1.2. Cashflow

The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity.

1.3. Fund Accounting

Funds held by the charity are either:

  1. Unrestricted Funds - these are funds which can be used in accordance with the charity's objectives, at the discretion of the trustees.

  2. Designated Funds - these are funds set aside by the trustees out of unrestricted general funds for a specific future purpose or projects

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

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

1.4. Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific polices are applied to particular categories of income:

  1. Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable.

  2. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.

  3. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Other grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.

  4. Legacies are included when the charity is advised by the personal representative of an estate that payment will be made or property transferred and the amount involved can be quantified

1.5. Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.

Costs of generating funds comprise the costs associated with attracting voluntary income.

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INTERNATIONAL TEAMS UK TRUST

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of as indirect nature necessary to support them.

Governance costs include those associated with meeting the constitutional and statutory requirements of the charity and include accountancy fees, costs relating to the strategic development of the charity, management of assets and organisational administration.

1.6. Tangible fixed assets and depreciation

There are currently no Fixed Assets

2. Voluntary Income

2.
Voluntary Income
Donations from UK
Donations from One Collective
Total
3.
Worker & Project Support
Grants to Workers
Grants to Projects
Other Grants
Grants to IT Australia
Grants to IT Canada
Grants to IT Netherlands
Grants to IT Philippines
Grants to One Collective
Grants to Singular
Total
4.
Employment Costs
Salaries
Pension & National Insurance
Training & Resources
Total		 Unrestricted
Funds
Restricted
Funds
2021-22
Total
£
£
£
4,349
235,568
239,917
0
232,435
232,435
4,349
468,003
472,352
Unrestricted
Funds
Restricted
Funds
2021-22
Total
£
£
£
0
270,088
270,088
0
141,500
141,500
0
1,200
1,200
0
0
0
0
8,250
8,250
0
1,189
1,189
0
6,884
6,884
0
32,876
32,876
0
1,821
1,821
0
463,808
463,808
Unrestricted
Funds
Restricted
Funds
2021-22
Total
£
£
£
21,318
0
21,318
494
0
494
13,930
0
13,930
35,742
0
35,742		 2020-21
Total
£
219,154
254,768
473,922
2020-21
Total
£
266,881
88,803
1,436
588
8,250
2,628
10,764
24,676
1,419
405,446
2020-21
Total
£
20,459
654
13,055
34,167

No employee received emoluments of more than £60,000 (2020: none)

5. Transactions with Trustees

There were no transactions with the Trustees during the year

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INTERNATIONAL TEAMS UK TRUST

6. Restricted Funds

6.
Restricted Funds
Restricted Funds
Total
7.
Unrestricted Funds
Unrestricted Funds
Total		 At 1st
April
2021
Incoming
resources
Outgoing
resources
Transfers
£
£
£
£
116,538
499,752
(464,416)
(51,920)
116,538
499,752
(464,416)
(51,920)
At 1st
April
2021
Incoming
resources
Outgoing
resources
Transfers
£
£
£
£
36,843
7,405
(52,993)
51,920
36,843
7,405
(52,993)
51,920		 At 31st
March 2022
£
99,953
99,953
At 31st
March 2022
£
43,175
43,175

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