First IPC Presbytery of the United Kingdom Report and Accounts Year ended 31 December 2024 Documonl Ref.. ¢7KDH-SSZEF-MAMOQ.6EZDT
FIRST IPC PRESBYTERY OF THE UNITED KINGDOM CHARITY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Timothy Houghton Rev John B. Schutter Rev David Thomas Governing Document Constitution dated 13 January 2021 Charity Registration Number 1114788 Principal Address 53 Drayton Green West Ealing W130JE Independent Examiner Miriam Hickson FCA JCS Accountants Ltd 5 Robin Hood Lane Sutton, Surrey SM12SW Bankers HSBC UK Nalwesl Kingdom Bank Virgin Money Contents Charity Information Trustees, Annual Report Independent Examiner's Report statement of Financial Activities Balance Sheet Notes to the Accounts Detailed Statement of Financial Activities with Comparatives Page 7-12 13 Documenl Rel.. C7KDH-SSZEF-MAMQQ4EZDr Page 1
FIRST IPC PRESBYfERY OF THE UNITED KINGDOM TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEM8ER 2024 The trustees have pleasure in submitting the Report and Accounts for the year. Objects of the charlty The charity is a charitable incorporated organisation and is governed by rts Constitution. The objects of the charity, as sel out in the governing document are to advance the Christian religion in accordance with the subordinate standard of faith as defined in the Book of Church Order of the International Presbyterian Church I'BCO" l applicable to the member congregations of the churches in Presbytery in the United Kingdom or elsewhere In the world as the Trustees from time to lime think fil and to fulfil such other purposes consistent with the BCO which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the Trust, inter alia this includes (but 15 nol Iimrted lol the objects. al to further the religious and other charitable work of the denomination known as the International Presbyterian Church I'IPC") anywhere in the world, bl to care for and govern congregations of the Presbytery anhere in the world in accordance wrth Iradrtional principles of Presbyterian government as sel out in the BCO, c} to advance Christianrty in any part of the world by means of planting new churches under the auspices of the IPC and in a¢cordance with its governmenl., d) to provide or augment the remuneration of any pastOT or elder in the IPC OT assist him in meeting the expenses incurred In the performance of his duties or relieve in cases of financial need pastors or elders or retired retired pastors or elders who have served in any congregations under the care and governance of the Presbytery, el to advan religious education in accordan with the doctrines and principles of the IPC as set out in the Constitution by means of training and examining prospective pastors or elders or deacons or missionaries for service in the ministry of IPC anywhere in the world or by means of eslablishing in the United Kingdom or Europe a seminary for that and other purposes ancillary thereto Summary of the charity's main activitles and achievements To further the above objects and vision, Ihe charity's main activities and achievements were as follows. a) Convening regular meetings of the Presbytery and its committees, bl examining and ordaining leaching and ruling elders in the various churches of Presbytery, cl makin9 grants to individuals under care of Presbytery studying al serninary, and church plants under care of the Church Planting Committee, and dl providing oversight and support to churches and church plants of Presbytery. Most of the Charity's activities are undertaken by volunteers and the charity could not operate effectively without their efforts. In planning the activities the Trustees have applied the guidance on public benefit Issued by the Charrty Commission. Structure. Governance and Management Responsibility for setting policy and for determining the parameters within which the charity should operate rests with the trustees who meet regularly to monitor the activities of the charity Responsibility for the day to day operation of the charity has been delegated to the moderator and clerk, and a range of committees appointed by the Presbytery New trustees are recruited and appointed the members of the charity by a majority vote. Documenl Rel.. C7KDH4SZEF.MAMao-6EZDT Page 2
Financial review During the year income Increased by £1,876 to £195,750, and expenditure increased by £71.943, to £195, 156. As result surplus for the year decreased by £70,067, 10 £594 and the charity's nel assets increased by the same amount, 10 £406,268. Net current assets also increased by £594, to £406.268. Reserves policy The trustees have determined that the charity should aim to hold unrestricted cash sufficient so that the charity could continue to operate should income and l oi expenditure vary adversely At Ihe year erKJ, the chaTlty held unrestricted cash lunrestricted cash in general fund less credilorsl of £51, 08812023 £38,564) and the charrty is complying with its reserves policy. The charity can draw on additional contributions from churches who are part of the denominalion should the need occur Going Concern After reviewing the CIO'S forecasts and projections. the Trustees have a reasonable expectation that the CIO has adequate reSoUrS lo continue in operational existence for the foreseeable future. Key risks and uncertsinties The charity Is exposed to various risks - be they operational, financial or reputational The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to miligale those risks Responsibilities of trustees The trustees are responsible for preparing the trustees, annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally A¢cepted Accounting Practice). Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the slate of the affairs of the charity as al the balance sheet dale and of Ils incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial slatements, the trustees are Fequired to. 1. select suitable accounling policies and apply them Consistently, observe the methods and principles In the Charities SORP., 3. make judgements and estimates that are reasonable and prudent.. 4. state whelher Ihe applicable accounting standards have been followed, subject to any material departures disclosed and explained In the financial statements., and 5 prepare the financial statements on a going concern basis unless rt is inappropriate lo presume that the chanty will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. They 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. Approval This report was approved by the trustees and signed on their tehalf by.. REV JOHN B SCHUTTER Date.. 2025-07-14 DocurnÈnt Ref." C7KOH-SSZEF-AIAMQQ-6EZDT Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FIRST IPC PRESBYTERY OF THE UNITED KINGDOM {'the Charity,) I report to the charity trustees on my examinalion of the accounts of the Charity for the year end8d 31 December 2024 on pages 5 to 13. Responsibilities and basis of report As the charity's trustees of the Charitable Incorporated Organisation you are responsible for the preparats'on of the accounts in accordance with the requirements of the Charikn-es Act 2011 ('the Act,). I report in respect of my examination of the Charity's accounts carried out under sects'on 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in conneckn'on with the examinats'on giving me cause to believe: 1. accounting records were not kept in respect of the Charity as required by section 130 of the Act., or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no Concerns and have come across no other matters in connection with Ihe examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Miriam Hickson FCA Member of the Institute of Chartered Accountants in England & Wales JCS Accountants Ltd 5 Robin Hood Lane Sutton, Surrey SM12SW Date.. 30 JLLLY 202S Docurnenl Ref.. C7KOH-SSZEF-MAMao4EZDT Page 4
FIRST IPC PRESBYTERY OF THE UNITED KINGDOM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Total Funds 2024 Totsl Funds 2023 Unrestricted Funds Restricted Funds Note INCOME AND ENDOWMENTS FROM.. Donalions and legacies Charitable activities Investments 11,271 22,636 8,543 153,300 164,571 22,636 8,543 173,579 15,581 4,714 Total income and endowments 42,450 153,300 195,750 193,874 EXPENDITURE ON: Charitable acts'vities 35,568 159,588 195.156 123,213 Total expenditure 35,568 159,588 195,156 123,213 Net in¢omel{expenditure) 6,882 (6,288) 594 70,661 Transfers between funds 12 483 7,365 483 (6,771 > 594 70,661 Net movement in funds 7,365 {6,771> 594 70,661 Reconciliation of funds.. Total funds brought forward 46,363 359,311 405,674 335,013 Total funds carried forward 12 352 540 406,268 405,674 The statement of financial activities in¢ludes all gains and losses recognised in the year. AJI income and expenditure derive from continuing operations. The notes on pages 7-13 form part of these accounts. Document Ref C7KDH4SZEF-MAMQ¢>6EZDT Page 5
FIRST IPC PRESBYTERY OF THE UNITED KINGDOM BALANCE SHEET AS AT 31 DECEMBER 2024 Total Funds 2024 Total Funds 2023 Unrestricted Funds Restricted Funds Note CURRENT ASSETS Debtors Cash at bank and in hand 341 56.307 341 410,837 253 409,326 354,530 56,648 354.530 411,178 409,579 CREDITORS: Amounts falllng due wlthln one year 10 12,9201 11,9901 14,9101 13,90SI Net Cuf rent assets l {Ilabllltlesl 352 540 406 268 405 674 Total assets less current Ilabllltles 53,728 352.540 406,268 405,874 TOTAL NET ASSETS 352 540 406 268 405 674 FUND BALANCES Unrestricted Funds General fund5 Designated funds 12 51.429 2,299 53.728 51,429 2,299 53.728 38,817 7,546 46,363 359,311 Restricted Funds 352,540 352,540 406 268 352 540 405 674 The financial statements were approved by the Board of TrL(Stees and were signed on its behalf by.. JOAA 6 REV JOHN B SCHUTTER Date.. 2025-07-14 Charrty number.. 1114788 The notes on pages 7-13 form part of these accounts. Docurnent R81.. C7KDH-SSZEF-MAMQQ*EZDT Page 6
FIRST IPC PRESBYTERY OF THE UNITED KINGDOM NOTES TO THE ACCOUNTS FOR TrIE YEAR ENDED 31 DECEMBER 2024 Statutory Infonnation The charity is a charitable incorporated organisalion registered with the Charty Commisgon in England & Wales. Thè charity's registered number and principal address can be found on the Charity Information page. Accounting Policses These financial stalemenls are prepared on a going concern basis, under the historical cost )nventIOn, rounded lo the nearèst £. These linanoal slalemenls have been prepared in accordance wllh the Slalemenl ol Recommended Practice.. Accounting and Reporting by Charities preparing their a¢counls in accordance with the Financial Reporting Slaftdard applicable in the UK and Republic ol Ireland IFRS 1021 I'lhe Charities SORP'I, with the Financlal Reporting Standard applicable in the United Kingdom and Republic of Ireland I'FRS 102,1 and wrth the Charities AGI 2011. The charity meets thè definition of a public benefit entity as sel out In FRS 102. The principles adopted in the preparation of the linoncial slalemenls are sel OLtI below. oi The Iruslees have a&gessed whether the use of Ihe golng eoneern basis 1$ appropriate and have consldered possble events or ¢ondilions that might cast Significant doubl on the ability of the Charity lo continue as a going concern The Iruslees have made Ihis assessment for a period ol al least one year from the dale ol approval of the financial stalemenl8. In part1¢ular the Iruslees have considered the charills lorecasls and projections and the pos&ble Implications should projected Income and l or expenditure vary uneypecledly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resource5 to continue lo operate lor the loreseeable lulure. The charity Iherefoie continues lo adopt the going concern basis in preparing its flnancial 31?1gmenls. Income, including investment and grant income, is recognisec* ln the period in whi¢h the charity becomes enlilled lo receipt, the arnounl receivable can measured with reasonable rtainty. and receipt Is probable. For the m05t part, income is generally recognised when il is received. Income Is Only deferred when the charity has lo lullil condrtions before becoming entitled lo il or wheie the donor ha$ specified that ltte Income 18 to be expended in a lulure period. Income Irom donations includes.. Recoverable gift ald. This is recognised when the related donation is recelved. Gift aid that has not been recJ)vered by the balance sheet dale is included as a debtor. Tho charity relies on volunteers lo carry out rnany of ils a¢livi1$. However. In acts)rdance with thè SORP, the value of these services has not tseen included in these financial statemen18 as they cannot be reliably measured Income from charitable activities represents income receivable Irom goods, setvices and facilities Supplied in furtherance ol the charity's charitable objects. tt predominantly includes income from conferences. Expenditure, including irreeover8ble VAT. Is recognised when il Is incurred or. if earlier, when a legal or conslruclive obligation for a payment arises provided that Il is probable Ihal selllemenl will be required and the amount ol the obligation Gan be measured rellably. The ¢harily makes grants lo other Inslilulions and individuals lo further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity &Kpresses a commitment lo the recipient that can be measured reliably and then only lo the exlenl that any conéilions associated with the grant are outsde of the control of the charty. The cost ol raing funds is not signilicanl and has not been paratelY disclosed. Governance costs, 1¢h are included in expenditure on charitable activits'es bul arg identified separately in the notes lo the a¢Unt$, includes costs associated with the independent examination ol the financial statements, compliance with constitutional and slalulory requirements and any other expenditure 1ncurred on the strategic management ol the charity. Documenl Ref. C7KDH4SZEF-MAMQQ-6EZDr Pa9e 7
dl Fund accountin General funds are unrestricted funds which are available for use al the discretion of the Iruslees in furtherance of the general objectives tsl the charity Designated funds comprise unrestricted funds that have been sel aside by the trustees for particular purposes. Restricted funds are donations which are lo be used in accordance with specific reslriclions imposed by donors,. they include donations received from appeals for specific activities or projects. Endowment funds are donations that are retained as ¢apilal in accordance with the donofs wishes. The nature ol the restriction determines whether the endowments represent permanent endowmen15 or expendable endowments. The charity has taken advantage of the various reliets from laxalion available to charrties and no lax is payable on the charS1ls income. Financial instruments The charity's financial assets and financial liabiliti•$ all qualify as basic financial instruments. as defined by FRS102. Except for 88nk deposits which are immediately available, or with a notice period 014 months or less. are classfied as"Cash at bank and in hand" re arin a cashflow slalement The charily has taken advantage ol an exemption conferred by the Charities SORP and has not prepared a cash Ilow stal8menl. h) In preparing financial slalemenls certsin iudgemenls, eslimales and assumptions have lo be made that alfeol the amounts reGo9nised in the financial slalemenls The Iruslees consider the following lo be signlficanl.. il The conslruclive obligation lor grants payable Is based on an assessment ol the likely duration of the supported activity. Again this gslimale is re-assessed annually and the obligation is adjusted lo reflect current expectations. Donations 2024 2023 Donations ol cash and similar Income lax recoverable 158.365 6.206 164 571 167,803 5,776 173579 Income f¥om charitable activities 2024 2023 Calalysl Conference 22.636 15,581 15581 Investment incorne 2024 2023 Bank interest 8,543 8543 4,714 Charitable expendlture 2024 2023 Costs incurred directly on specific Jctiwlies Conference Church plan11ng cost5 Presbytery meetings Salaries. travel and expenses, including admin assslance IT and Ore Insurance 27,877 1,560 14,015 1,125 543 4,598 534 531 21,346 3.026 564 548 Grants payable Inole 6¢) 159,588 193163 99,388 120,734 Docurnenl Ref.. C7KDH-SSZEF-MAMao4EZDT Page 8
Costs Incurred on support & administration Governance costs Independent examiner's lee 1.920 1.920 1.854 1,4 Printing, postage and stationery Subscriptions and professional lees Bank charges 595 30 2.479 73 1,993 Total expenditure 123213 The lee payable to the independent examiner for examining the accounts was £1,95012023.' £1,854). Grants payable Inslilutlons Indlviduals 2024 Grants lor church planting Grants lor education, inclLtding ministry Irair¢ing 75.wo 75.fJ)O 84.588 159588 40,588 40 588 119000 The comparatives for the previous year are as follows.. Inslilulions Individuals 2023 Grants lor church planting Grants for edLtcalion, including minlslry training 20.000 24.000 20,000 79,388 55.388 The charity's principal grants lo institutions comprised.. 2024 2023 Trinity Church Cheslei All Nations Illord Christ Church Derby Trinity Church York 30,000 10.000 35.000 44 000 44 000 Analysls of staff costs, the cost ol key rnanagemenl personnel and trustee rernuneratlon The charity did not employ any staff during the ye8r12023'. nill. Most ol the ¢haTItYs activities are carrbed out by volunteers. The charity's key managemènt comprise the Iruslees and the key staff named on the Charty Inlormalion page. No employment benefits were payable lo key management during the year12023.' nil). No Iruslees reckived employment benefits or expens8s in either the ctsrrent or preceding year. Oebtors 2024 2023 Falling due within one year: Tax recovefable Prepayments and accrued income 341 253 341 253 Total debtois 341 253 Cash at Bank and in Hand 2024 2023 Cash at bank with immediate access Notice deposits Iwlh a term of three months or lessl Notice deposits Iwth a term ol four months} 231,198 74,648 104,991 410837 236,282 72,536 100,508 Document Ref C7KDH4SZEF-MAMQQ-6EZDT Page g
10 Creditors: liabilities lalling due wtthin one year 2024 2023 Accruals Deferred Income (note 111 Grant obligations 2,920 1,854 1,990 2,051 11 Deferred income Deferred income Comprises the following. Conlerence Income X124 2023 Balance al the beginning of the reporting period Arnounl released lo inwme Balance al ltte end ol the reporting period 500 500 12 Funds During the year the mov8m¢nls in the Gharity's funds were as follows.. Opening Income balance 2024 Expenditure Transfers in the year 2024 Gainsand losses 2024 Closing balance 2024 2024 2024 Design8led Funds Calalysl nference fund 7,546 22,636 127.8831 2,299 7,546 38,817 22,636 19,814 127,883> 17.6851 2,299 51.429 General Unrfrstricled Funds Total Unrestricted Funds 46,363 42.4SO 135,5681 53,728 Restricted Funds Church pl&nh"ng funds Church Planting fund Lincoln Church Plant 238,063 57,801 9,590 175,000} 220,864 9,590 Other funds Diaconal fund 8 other resourees Buildings & Ministers, 14831 86,795 10,122 76,917 Educafvon & training lunds AW Pastoral Education fund MK Pastoral Education fund ST Pastoral Educats'on fund ZL Pastoral Education lund Asw'stanl Ministers Training Fund 159 16,003 7.410 17.017 35,198 11591 116,0031 17.4101 117,0171 143,9991 53,970 45,1e9 359,311 153,300 1159,588) 14831 352,5410 Aggregate of funds 405,674 195.750 {195,1561 406.268 O¢eumen1 F¢8f.. C7KDH-SSZEF.MAMQQ4EZDT Page10
Analysis of net assets by fund Thè assets and liabililies of the vartous fund5 were as follows.. Un¥estricled Funds Genera1 De&gnated runds funds Restricted funds 2024 Debtors Cash al bank and in hand Creditors falling due within one year 341 S3,008 11.9201 341 410,837 {4,9101 3.299 {1,0001 354,530 (1.9901 51.429 2.299 352.540 406,268 In the previous year the movements in the charrty's funds were as follows.. Opening Income balance 2023 Expenditure Transfers in the year 2023 Gains and losses 2023 Closing balance 2023 2023 2023 Deggnated Funds Catalyst conference fund 5,980 15,581 114,0151 7,S46 5,980 15.581 114,0151 7,546 General Unrestricled Funds 30,794 17,303 19,2801 38,817 rot81 Unrestn'cted Funds 36,774 32,884 123.2951 46,363 Restri¢tgd Funds Church planting funds Church Planting lund 201,313 S7,280 120,5301 238,063 oth8r lunds Di8¢0nal lund 8 other resources Buildlngs & Ministers. 57,933 8.862 66,795 Educats'on & tr•ining fvnds AW Pastoral Education lund AK Pa51oral Education fund MK Pastoral Education fund ST Pastoral Education fund ZL Posloral Education lund As&stanl Ministers Tralning Fund 196 6,635 21 ,363 8,759 18,435 39,460 11961 16,6351 121.3635 18,7591 118,4351 124,0001 38,510 53.970 298,239 160,990 199,9181 359,311 Aggregate of lunds 335,013 193,874 1123,2131 405,674 Documeni Rtrf.. C7KDH-SSZEF-MAMQQ-6EZDT Page11
Anatysls of net assets by fund In the previous year, the assets and liabilitie5 01 the various funds were as follow5.' Unreslrided Funds General Designated funds funds Restricted funds 2023 Debtors Cash al bank and in hand Credrtors falling due within one year 253 41.969 13,4051 253 409,326 13.9051 8.046 15001 359,311 38.817 7,S46 359.311 405.674 The deggnaled Calalysl conference fund represents the surplus generated ty the Calalysl conferenGe in the current and previous years Funds generated by this conference have been designated for future investment In this conference. The church planting lunds repsent funds rerEived for particular church plants ILincoln, Coventry and Cheslerl and general church planting activities ol the IPC. The Buildings and Ministers, Accommodation Fund IBMAFI represent funds received lo provide support lo IPC churches lo purchase buildings. Pastoral education funds represenl funding raised for the education ol men under care ol presbwery al seminary or Bible college. As funds other than the Church Planting, Diaconal, 8MAF and Assistant Ministers. fund are committed al year-end. any surplus available in these funds are recogniseé as grants payable and rep)rted as amounts owed at year4nd in accordance with the SORP. The Iransler in the current year from the reslricled Diaconal Assistance Fund lo the General Fund follows a decion rnade by the Iruslees pursuant lo the new powers enacted by the Charities Act 2022 relating to fundraising appeals, as the amount is below the £1,000 threshold envisaged in the Act, and the trustees believe the orlginal purposes ol this fund can be achleved from the General Fund if needed 13 Tfansactions with related partles David Thomas who 18 a Ifustee is also a truslee of All Nations Chufch, Ilford ¥thich rÈctived a £10,000 grant from the A¥¥stant Minister Training Fund. Grants are approved by ¢y)mmillees and the lull pr&sbytery. and there 15 thus no conflict of interest. DocumErrt Ref.. c7KoHSzEF-mAmaQ-6EzDT Page 12
CERTIFICATE of SIGNATURE REF. NUMBER C7XDH-SSZEF-14AIIQQ-6EZDT nf.IIK4FP4T r.pi.IPl FT AI I PA TrTIFq ri 14 JUL 2025 12:53..13 Tyrc SIONER TIMESTAMP SIGNATURE JOHN B SCHUTTER 14 JUL 2025 07..00:57 LfTC BARR¥SCHUTTZR@r3MAIL. COM 14 JUL 2025 12:52:34 UTC JoA6(6 JcA14Her 14 JUL 2025 12:53:13 TYTC 66.108.231.38 IONTICELLO, IJNZTED StATES RECIPIENTVERIFICATION 14 JUL 2025 12..32..34 UTC 819n•d wlth PandaDoc PAGEIOFI