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2023-03-31-accounts

IAG UK Crickhowell Place, Winch Wen Swansea, SA1 7DP Web: www.iaguk.org | Email: hr@iaguk.org Tel: 0179 244 6161

INTERNATIONAL ASSEMBLIES OF GOD (IAG UK & EUROPE) Charity Number:1131858

TRUSTEES ANNUAL REPORT &

FINANCIAL STATEMENTS For the period 01 April 2022 to 31 March 2023

IAG UK & Europe Ltd (Registered Company: 14475235 & Registered Charity: 1131858) In Fellowship with Great Britain Assemblies of God

IAG UK Crickhowell Place, Winch Wen Swansea, SA1 7DP Web: www.iaguk.org | Email: hr@iaguk.org Tel: 0179 244 6161

The trustees present their report and the financial statements of the charity for the year ended 31 March 2023.

ADMINISTRATION DETAILS:

Registered Charity name: IAG UK & EUROPE

Charity number : 1131858

Charity’s operating address: IAG UK & EUROPE Crick Howell Place, Winch Wen Mansel Road Swansea, SA1 7DP

Contact number: 0044 7545035119

Email address: admin@iag.org

Website: www.iaguk.org

STRUCTURE, GOVERNANCE & MANAGEMENT

Type of Governing Document : Constitution

How the Charity is constituted: The constitution defines the governance structure, specifying the roles and responsibilities of trustees and the Directors overseeing the charity .

Trustee selection method: The Trustees are selected in the Annual General Meeting.

During the year, the following served as the Trustees of the Charity:

IAG UK & Europe Ltd (Registered Company: 14475235 & Registered Charity: 1131858) In Fellowship with Great Britain Assemblies of God

IAG UK Crickhowell Place, Winch Wen Swansea, SA1 7DP Web: www.iaguk.org | Email: hr@iaguk.org Tel: 0179 244 6161

OBJECTIVES & ACTIVITIES

Objectives of the Charity:

IAG UK & Europe is a thriving charity organization collaborating under the AOG GB in the United Kingdom. Supported by an active and enthusiastic trustee board, we diligently manage administrative affairs. Over the past year, our dedicated efforts have focused on community development, emphasizing hospitality and care to build a more resilient and cohesive society.

The main objectives include the following:

1) Advancement of the Christian Faith:

To diligently advance the Christian faith, utilizing various means and reaching diverse parts of the United Kingdom, as determined by the Church Council. This involves spreading the message of Christianity and fostering spiritual growth.

To promote the advancement of education in alignment with the Church’s vision. This encompasses various educational initiatives and programs aimed at enhancing knowledge and skills.

Activities of the Charity:

1) Church Planting

The Charity takes pride in its strong church planting dedicated to researching the unique dynamics of various regions across the UK. Over the past year, we have continue our pioneering efforts, successfully establishing numerous churches in key cities across the UK. Undoubtedly, training leadership for these pioneering churches presented significant challenges, but our commitment to growth and development has been unwavering. Throughout the year, our Church Planting team worked diligently focusing on the ongoing development and flourishing of these newly established churches and fellowships. Building upon the lessons and successes learned from previous years endeavors, we are proud to report substantial progress in our church planting initiatives.

IAG UK & Europe Ltd (Registered Company: 14475235 & Registered Charity: 1131858) In Fellowship with Great Britain Assemblies of God

IAG UK Crickhowell Place, Winch Wen Swansea, SA1 7DP Web: www.iaguk.org | Email: hr@iaguk.org Tel: 0179 244 6161

2) Youth Alive

Youth Alive serves as a transformative platform for children and young individuals to undergo spiritual and character growth while fostering a personal connection with Jesus. This initiative aims to equip them for success in the current challenging world. This year’s Youth Alive was conducted at Shrewsbury and it brought about a large number diverse attendance from various cities. Featuring an anointed speaker from Portugal, the event included a blend of indoor and outdoor activities, self-development programs, and teachings on biblical principles. The camp concluded with a multitude of inspiring testimonies and positive feedback from the youths, highlighting the impactful experiences gained during the enriching period.

3) IAG Missions

4) IAG Conference

5) HOPE AID

Hope Aid, a charitable initiative under IAG UK & Europe, is dedicated to making a positive impact in local cities. Our dedicated team with Hope Aid focuses on extending a helping hand to single mothers, low-income families and the homeless by providing essential necessities such as food, milk and bread. As part of our commitment to community welfare, we conduct free meal programs once a month, creating a supportive space for the local community. Looking ahead, we are actively working to expand and enhance this program, ensuring a broader reach and a more profound impact on the lives of those in need.

6) IAG ACADEMY

IAG Academy plays a pivotal role in equipping and nurturing leaders for service in the mission field. Our comprehensive course include bachelor’s programs, certificate courses, and BSB

IAG UK & Europe Ltd (Registered Company: 14475235 & Registered Charity: 1131858) In Fellowship with Great Britain Assemblies of God

IAG UK Crickhowell Place, Winch Wen Swansea, SA1 7DP Web: www.iaguk.org | Email: hr@iaguk.org Tel: 0179 244 6161

training. Annually a significant number of students undergo training at our Academy, contributing to their personal and professional growth.

In the most recent graduation ceremony, we proudly celebrated the success of over 50 students who completed their studies in Belgium and the UK. These graduates are now positioned in various cities and towns actively engaging in mission work. We are committed to continuously nurturing and sending forth leaders who make a meaningful impact in their respective mission fields.

Throughout the year, we conducted impactful leadership training and seminars in various cities, garnering a significant and positive response from the participants. These targeted programs were specifically designed to train and equip emerging leaders within our organization. The valuable feedback received from these events reflects the success of our efforts in providing focused and enriching training experiences for the next generation of leaders. We are committed to continuing such initiatives to foster leadership development and contribute to the ongoing growth of our organization.

8)

Lydia Ministry

9) Council Meeting

We held our general body meeting and leadership summit to discuss the present issues and how we can further build our organization to run successfully.

ACHIEVEMENTS & PERFORMANCE

Throughout the year, our organization has demonstrated exceptional achievements and impactful performance, anchored in our commitment to fostering spiritual growth and community well-being.

A cornerstone of our efforts is the provision of regular educational sessions, ensuring individuals have continuous opportunities to learn about Christian beliefs and prepare for their spiritual journeys. This commitment to education is fundamental to our mission of spreading awareness and understanding of our faith.

Our charity’s dedication to community impact is evident through a multifaceted approach. Outreach programs connect us with diverse communities spreading the transformative message of Christianity. Our youth ministries actively cater to the needs of the younger generation, creating spaces for growth, mentorships and connection.

IAG UK & Europe Ltd (Registered Company: 14475235 & Registered Charity: 1131858) In Fellowship with Great Britain Assemblies of God

IAG UK Crickhowell Place, Winch Wen Swansea, SA1 7DP Web: www.iaguk.org | Email: hr@iaguk.org Tel: 0179 244 6161

Charitable activities have been a significant focus, reflecting our mission to relieve suffering and promote well-being. Through initiatives such as individual counselling we provide personalized support, addressing the unique challenges individuals may face.

Regular Church services remain a consistent and vital aspect of our engagement. These services serve as a focal point for worship, fellowship and spiritual nourishment, contributing to the spiritual vitality of our community.

Our achievements are not only measured in these individual initiatives but in their collective impact on the community. Every outreach effort, counselling session and education program work together to achieve the goals outlined in our organization’s vision and mission. We take pride in our continuous strides towards realizing these objectives, ensuring that our organization remains a beacon of hope, learning and positive transformation within our community and beyond.

FINANCIAL REVIEW

The proper financial review is provided in the Financial statements provided below.

FUNDING

This year, our funds raised were from receipts from voluntary donations made by the members. We also received a grant from the Government.

RESERVES POLICY

To uphold the financial stability of the charity organization and fulfill both its immediate financial obligations and broader mission, the charity deems it necessary to formalize a comprehensive reserve policy. This policy is crafted with the objective of ensuring the charity’s long-term financial sustainability. The Board of Trustees, in formulating this policy, has referred to CC19 Charity Reserves: Building Resilience, a guideline issued by the Charity Commission.

SAFEGUARDING

Our leadership is dedicated to fostering a vigilant safeguarding environment through continuous training and development for all workers. We prioritize the cultivation of a culture of awareness around safeguarding issues, aiming to protect the well-being of everyone involved. To achieve this, all workers undergo comprehensive induction training and regularly participate in recognized safeguarding training sessions.

IAG UK & Europe Ltd (Registered Company: 14475235 & Registered Charity: 1131858) In Fellowship with Great Britain Assemblies of God

IAG UK Crickhowell Place, Winch Wen Swansea, SA1 7DP Web: www.iaguk.org | Email: hr@iaguk.org Tel: 0179 244 6161

Additionally, our commitment extends to ensuring that children and adults with care and support needs have access to information on seeking help and advice. This includes addressing concerns related to abuse, discrimination, bullying or any matter emphasizing a proactive approach to safeguarding within our community.

FUTURE PLANS

In the unfolding chapters of our journey, our future vision is expansive and purpose-driven. At the forefront of our ambitions lies the strategic expansion of our church planting initiative, a deliberate effort to extend the transformative message of faith to untapped communities. Our unwavering commitment to community outreach remains a cornerstone, with a focus on creating impactful programs tailored to the diverse needs of those we aim to serve.

Looking beyond our local boundaries, we aspire to establish a more prominent global presence in mission work, directing our efforts towards undeserved areas and actively participating in humanitarian endeavors. Simultaneously, the completion and operational launch of the IAG HUB stand as a cornerstone in consolidating our organizational activities, fostering collaboration, training and community development.

In parallel, our gaze is fixed on innovative approaches and initiatives that adapt to the evolving needs of our community. We aim to introduce educational projects and programs and technology-driven solutions that align with our mission. A dedicated focus on youth and leadership development will aim to create platforms for spiritual growth and character development. These comprehensive future plans embody our steadfast dedication to continual growth, community enrichment and the enduring pursuit of our mission to positively impact lives through the transformative teachings of faith and love.

DECLARATION

Trustees responsibilities statement:

Charity law requires the trustees to prepare a statement of financial activities, and statement of assets and liabilities for each financial year. For 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 church and to enable them to ensure that the financial statements comply with the applicable Accounting standards and policies, the Companies Act 2006 and the regulations made under Charities Act 2011. They are also responsible for safe guarding the assets of the church and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

IAG UK & Europe Ltd (Registered Company: 14475235 & Registered Charity: 1131858) In Fellowship with Great Britain Assemblies of God

IAG UK Crickhowell Place, Winch Wen Swansea, SA1 7DP Web: www.iaguk.org | Email: hr@iaguk.org Tel: 0179 244 6161

The Trustees declare that they have approved the Trustees Report above.

Signed on behalf of the Charity’s Trustees

Trustee 1

Full Name: Rev. Varghese Abraham

Signature:

Position: Chairman

Date: 25/01/2024

Trustee 2

Full Name: Sheeba Philip Signature:

Position: Trustee Member

Date: 25/01/2024

IAG UK & Europe Ltd (Registered Company: 14475235 & Registered Charity: 1131858) In Fellowship with Great Britain Assemblies of God

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees Charity Name IAG UK

On accounts for the year
ended
Set out on pages		 31 March 2023 Charity no
(if any)		 1131858
Pages given below)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 / 03 / 2023 .

Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 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 [The charity’s gross income exceeded £250,000 and I am qualified to examiner's statement undertake the examination by being a qualified member of [insert name of applicable listed body]]. Delete [ ] if not applicable.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

Date: 25/01/2024

Name: SAIF CHARTERED ACCOUNTANTS

Relevant professional Association of Chartered Certified Accountants

1

IER

Jan 2024

qualification(s) or body (if any):

Address: Cardiff Gate Business Park, Malthouse Ave, Pontprennau Cardiff CF23 8RU

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

2

IER

Jan 2024

Statement of Financial Activities (SOFA) for the year ended 31 March 2023

Notes to
the
accounts
Income
1Donations andlegacies
4
2Incomefrom monetary investments
6
3Income from investment properties
4Assessments on Churches
5 CapitalReceipts
6 Grantsreceived
4
7 Othercharitable income
5
8 Total income
Expenditure
9Grants and donations
10 Salaries andassociatedcosts
10
11 Property maintenance
12Connexionallyassessment&model trust levy
13 District Assessment&Levy
14Depreciation
15 Officeexpenses
16 Other outgoings
17 Total charitableexpenditure
18 Gains/(losses) onmonetary investments
19Gains/(losses)on investment properties
20 Net income/(expenditure)
21Transfers betweenfunds
22Other gains/(losses)
23 Net movement in funds
24 Total fundsbrought forward
25 Totalfundscarried forward		 General Fund Circuit Model Designated
Restricted Endowment
Total
(Unrestricted)
Trust
Funds
Funds
Funds
2022-23

(Unrestricted) (unrestricted)
£
£
£
£
£
£
508,154
508,154
279,400
279,400
3,278
3,278
790,832
790,832
95,665
95,665
140,414
140,414
6,016
6,016
124,287
124,287
111,748
111,748
478,130
478,130
312,702

312,702
312,702

312,702
95,241
95,241
407,943
407,943

Statement of Financial Activities (SOFA) for the year ended 31 March 2022

Notesto
the
accounts		 GeneralFund
(Unrestricted)
Circuit Model
Trust
(Unrestricted)		 Designated
Funds
(unrestricted)		 Restricted
Funds		 Endowment
Funds		 Total
2021-22
£ £ £ £ £ £
Income
1Donations and legacies 4 273,314 273,314
2Income frommonetaryinvestments 6
3Incomefrominvestmentproperties
4Assessments on Churches
5 CapitalReceipts
6 Grantsreceived 4 7,772 7,772
7 Other charitable income 5
8 Totalincome 281,086 281,086
Expenditure
9 Grants anddonations 21,830 21,830
10 Salariesand associated costs 10 50,794 50,794
11 Property maintenance 422 422
12Connexional assessment &model trust levy
13District Assessment&Levy
14 Depreciation
15 Office expenses 94,172 94,172
16Otheroutgoings 86,113 86,113
17Totalcharitableexpenditure 253,331 253,331
18Gains/(losses) onmonetary investments
19Gains/(losses)on investmentproperties
20Netincome/(expenditure) 27,755 27,755
21 Transfersbetweenfunds
22Othergains/(losses)
23Netmovement infunds 27,755 27,755
24Totalfundsbrought forward 67,486 67,486
25Totalfundscarried forward 95,241 95,241

Balance Sheet as at 31 March 2023

Fixed Assets Notes lothe
Accounts		 GeneralFund
{Unrestricted)
£		 Circuit Model
Trusts
(Unrestricted)
£		 Design
{Unre		 ated Funds
stricted}
£
Restricted
Funds
£		 Endowment
Funds
£		 Totals2023
£
CircuitManses&Equipment 11
Investmentproperties
Investments 12
Total fixed assets - -
Current Assets
Debtorsandprepayments 13
Loansbythe Circuit
InvestmentswithTMCP
TrusteesforMethodist ChurchPurpose 14
CentralFinanceBoard Deposits 14
Cash atBankandinhand 14 407,943 407,943 95,241
Total current assets 407,943 407,943 95,241
Currrentliabilities
Creditors (due inunder 1year) 15
Total current liabilities 1
Netcurrent assets/liabilities
TotalassetsJesscurrent liabilities j 407,943I I 407,943 95,241
Longtermliabilities
(dueafter morethanoneyear)
Loansby theCircuit
Net assets 407,943 407,943 95,241
Fundsof theCircuit
GeneralFund(Unrestricted) 18 407,943
 I
 407,943 95,241
Circuit ModelTrustFunds(Unrestricted) I
I
DesignatedFunds(Unrestricted) 18 I
Total Unrestricted Funds I
RestrictedFunds 18
EndowmentFunds ~~I~~
Total Funds 407,943I ~~I~~ ~~I~~ ~~I~~ 407,943 95,241

Signed

Notes to the Accounts

1. Basis of accounting

The financial statements have been prepared under the historic cost convention, and in accordance with the 2019 version of Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with FRS102- the Charities SORP (FRS102) and the Charities Act 2011.

2. Funds

The funds held constitute: General Funds held for any purpose of the Circuit which are Unrestricted. The Circuit Model Trust Fund has wide purposes defined in Standing Orders and is categorized as unrestricted. Restricted funds which are held for a narrower purpose. Details of each material fund are disclosed in the final note to these accounts. Any funds may be represented by more than just cash.

3. Accounting policies

Basis

These accounts have been prepared on the basis of historical cost except that investments are shown at their market value at the end of the year, on the accruals basis to show a true and fair view of the Charity’s financial position and activities .

Income recognition

Income is included in the Statement of Financial Activities (SOFA) when the Circuit becomes entitled to the resources, and the trustees are reasonably certain they will receive the resources; and the monetary value can be measured with sufficient reliability.

Resources expended

This is recognized when a liability is incurred, or a constructive obligation arises, that results in the payment being unavoidable. Liabilities are recognized as soon as an outflow of economic benefit is considered more likely than not under the legal or constructive obligation committing the Circuit to pay out resources.

Investment Properties

Investment properties - no property is currently deemed to not be held for the long term purposes of the charity.

Investments

Investments are valued in the balance sheet at market value at the year end. Investment income is included in the accounts when receivable and any gains or losses on revaluation at the year-end are shown in the SOFA

4. Donations and legacies
Donations, tithes and other offerings
from churches:
Victory AG Church, Cardiff
Horeb Church, Bristol
New Hope, Newport
Bethel AG, Harrow
Royal Signet, IAG London
Victory Worship Centre, Oxford
Coventry Worship Centre
New Life AG, Preston
MCC, Middlesborough
El-Shaddai Church, Liverpool
Swansea Pentecostal Church
Christ Generation, Leicester
Bethel Church, Belfast
Donations from UK General Office
and Headquarters
Grants
Total
5.Charitable activities
Rental Income
Sundry
Total
6.Investmentincome
Interest and dividends
Total
7.Other trading activity
Otherincome		 Unrestricted Circuit
Model
Trust
Fund
Designated
Funds
Restricted
2023
Total
2022
Total
£
£
£
£
£
£

14,017
5,200
7,323
11,369
40,263
74,118
70,599
60,531
21,658
3,431
888
5,585
405
315,387
192,767
14,017
5,200
7,323
11,369
40,263
74,118
70,599
60,531
21,658
3,431
888
5,585
405
315,387
192,767
273,314
279,400
279,400
7,772
787,554
787,554
281,086
Unrestricted
C Model
Designated Restricted
2023
2022
Trust
Fund
Funds
Total
Total
£
£
£
£
£
£
3,278
3,278
3,278
3,278
Unrestricted
Model
Designated Restricted
2023
2022
Trust
Fund
Funds
Total
Total
£
£
£
£
£
£		 Unrestricted Circuit
Model
Trust
Fund
Designated
Funds
Restricted
2023
Total
2022
Total
£
£
£
£
£
£

14,017
5,200
7,323
11,369
40,263
74,118
70,599
60,531
21,658
3,431
888
5,585
405
315,387
192,767
14,017
5,200
7,323
11,369
40,263
74,118
70,599
60,531
21,658
3,431
888
5,585
405
315,387
192,767
273,314
279,400
279,400
7,772
787,554
787,554
281,086
Unrestricted
C Model
Designated Restricted
2023
2022
Trust
Fund
Funds
Total
Total
£
£
£
£
£
£
3,278
3,278
3,278
3,278
Unrestricted
Model
Designated Restricted
2023
2022
Trust
Fund
Funds
Total
Total
£
£
£
£
£
£
Unrestricted Model
Trust
Fund
Designated
Funds
Restricted


£
£
£
£		 2023
Total
2022
Total
£
£

Total

8. Payment to Trustees

Payments made to trustees for additional services provided to the Charity by agreement with the Circuit Meeting

Number of trustees who were paid expenses

Nature of the expenses

Natureoftheexpenses
9.Fees for examination or audit oftheaccounts
Independentexaminer's or auditors'feesfor reporting ontheaccounts
£
Otherfees (eg:advice,accountancyservices) paid to the independentexaminer or auditor
£
10.Paidemployees
Staff Costs paid during the year were:
Grosswages, salaries andbenefits inkind
Employer's National Insurancecosts
Pensioncosts
Supernumeraries
ApprenticeshipLevy
Payrollservice charge
Totalstaff costs
£
£
£
£
139,121
1,293
140,414
50,432
362
50,794

Average number of full-time equivalent employees in the year were:

11. Tangible Fixed Assets

11.Tangible FixedAssets
Residential
Land
£		 OtherLand
£		 Manses
£		 Fixtures,
fittings and
equipment
£		 Payments on
account and
assets under
construction
£


Total
£
Balance brought forward
Additions
Revaluations(+/-)
Disposals(-)
Transfers*(+/-)
Balance carriedforward - -
Accumulated depreciation
Balancebroughtforward
Depreciationcharge foryear(-)
Revaluations(+/-) -
Disposals(-) -
Transfers*(+/-) -
Balance carried forward - - - -
Net book value
Broughtforward - - -
Carried forward - - -

12. Investments

. This year Prev year

Analysis of investment movements Investments listed on a recognized Stock Exchange Investments held in CFB Managed Funds Securities not listed on a recognized stock exchanqe Other investments Total

Analysis of investment movements
£ £
Investmentslisted on a recognized Stock Exchange
Investments heldinCFB Managed Funds
Securities not listed on a recognized stock exchanqe
Other investments
Total
Changein investment values Thisyear
£		 Prevyear
£
Carrying (market)value at beginningofyear
Add:additions to investmentsat cost
Less:disposals at carryingvalue
Netgain/(loss)on revaluation
Carrying (market)valueatend ofyear

13. Analysis of current assets

Debtors and prepayments

Prepayments

Accrued income

Total debtors and prepayments

14 Analysis of cash at bank

Bank balance

Bank balance held in Stipends Account / CFB Account

Central Finance Board Fund Accounts

Total Cash and Bank

----- Start of picture text -----
This year Last year
----- End of picture text -----

----- Start of picture text -----
£ £
407,943 95,241
407,943 95,241
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15. Analysis of current liabilities and long term creditors

Trade creditors

Other creditors

Deferred income

Accruals

Total Current Liabilities

----- Start of picture text -----
- -
- -
-
----- End of picture text -----

16. Capital commitments and contingent liabilities

At the 31st March 2023 the Charity has no capital commitments. No Contingent liabilities were identified at 31st March 2023.

17. Loans and creditors due after one year

There are no loans or creditors due after one year.

18. Detailed analysis of individual fund movements

Unrestricted Funds

Unrestricted Funds
Fund Name Opening
Balance		 Income Expenditure Transfers Closing
Balance		 Purpose of the
fund
General Fund 95,241
790,832		 478,130 407,943
DesignatedFunds
CMTF
Totals 95,241 790,832 478,130 407,943

Restricted Funds

Fund Name Opening
Balance		 Income Expenditure Transfers Closing
Balance		 Purpose ofthe
fund
ProbusHolding fund Futureworks at
Probus
Interest inCurrentAccount Interestfrom
Gerrans,
Medlynand
Nicholls funds.
JHMedlyn Upkeepof
building
Totals

Endowment Funds

Fund Name Opening
Balance		 Income Expenditure Transfers Closing
Balance		 Purpose of the
fund
Totals
- - - - - -