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← Iag UK & Europe

2024-03-31-accounts

IAG UK & EUROPE 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 2023 to 31 March 2024

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

IAG UK & EUROPE 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 2024.

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 & EUROPE 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 continued 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 & EUROPE 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 we conducted a talent test for the youth section, wherein participants from all churches joined and participated, making it into a transformative event.

3) IAG Missions

IAG Missions, a pivotal arm of the Charity is dedicated to mobilizing the local church for mission. Our primary objective is to equip and inspire members to actively engage with God’s mission in every facet of their lives. Core projects under IAG Missions encompass Evangelism, Training, Church planting and distribution of tracts in towns and cities. By focusing on these key initiatives, we strive to empower our community to embrace and contribute to the larger mission of spreading the message of faith and building thriving church communities.

4)

IAG Conference

We have crossed 17 years of our National Annual conference. This year’s conference held in the city of Coventry, witnessed an overwhelming turnout, drawing large number of attendees from various cities and towns. The conference serves as a beacon of hope, welcoming individuals from diverse churches and societies, all seeking a life-changing experience. Building on the success of past events, we are eager to continue creating a space for inspiration, connection and profound change in the lives of those who attend. The journey continues and we look forward to many more years of hosting conferences that leave a lasting impact on individuals and communities alike .

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 includes bachelor’s programs, certificate courses, and BSB 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

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

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

nurturing and sending forth leaders who make a meaningful impact in their respective mission fields.

7) Seminars and Leadership Training

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

We have ladies from different churches all over the UK working on this platform. They have weekly and monthly meetings in their respective churches and an annual meeting for the ladies as well.

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.

10) IAG HUB

The IAG HUB is a major project under IAG UK & EUROPE, focused on education and community development. The first phase, encompassing the construction of the HUB, has been successfully completed. We are now advancing to the second phase of the project, which aims to operationalize the HUB’s facilities. This HUB will serve as a centralized location for training, leadership development, community programs, IT training, educational initiatives, further enhancing our commitment to nurturing and empowering communities across the UK & Europe.

11) Youth Talent Test

This year, the Talent test for the Youth provided an inspiring platform for young individuals to showcase their talents and abilities in various fields. The talent test was conducted in Coventry. The initiative aims to encourage and nurture the unique skills of participants, fostering confidence and personal growth in alignment with Christian values.

12) Sunday School

The Sunday school program remains a cornerstone of our activities, focusing on instilling biblical principles and teachings in children. They are designed to provide a strong spiritual foundation, helping children grow in their faith and understand Christian values.

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

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

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.

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 documents below.

FUNDING

This year, our funds raised were from receipts from voluntary donations made by the members.

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

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

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.

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 ahead, IAG UK & Europe is committed to strategic growth and impactful community engagement. Key future plans include expanding church planting initiatives to reach untapped communities and enhancing our community outreach programs to better address diverse needs. We also aim to establish a stronger global presence in mission work, focusing on underserved regions and participating in humanitarian efforts. The completion and operational launch of the IAG HUB is a pivotal step forward, centralizing our organizational activities and fostering collaboration, training, and community development. Additionally, we plan to introduce innovative educational projects and technology-driven solutions, tailored to evolving community needs. A special focus on youth and leadership development will create platforms for spiritual growth and character building, ensuring a vibrant and resilient future for our organization and the communities we serve

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

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

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.

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: 18[th] January 2025

Trustee 2

Full Name: Raichu Mathew 1 |_— Signature: Position: Trustee Member Date: 20[th] January 2025

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 & EUROPE

On accounts for the year 31 March 2024 Charity no 1131858 ended (if any)

Set out on pages 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 / 2024 .

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.

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.

1

IER

Jan 2024

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

IAG UK & EUROPE

Statement of Financial Activities (SOFA) for the year ended 31 March 2024

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 Model Designated
Restricted Endowment
Total
(Unrestricted)
Trust
Funds
Funds
Funds
2023-24

(Unrestricted) (unrestricted)
£
£
£
£
£
£
816,218
816,218
816,218
816,218
340,877
340,877
191,479
191,479
2,320
2,320
186,072
186,072
176,637
176,637
897,385
897,385
(81,167)

(81,167)
(81,167)

(81,167)
407,943
407,943
326,776
326,776

Balance Sheet as at 31 March 2024

Circuit Model Genera l Fund Trusts Designated Funds Restricted Endowment Totals 2024 Totals 2023 Notes lo the {U nr es tricted) (Unrestricted) {Unrestricted} Fund s Funds Accounts £ £ £ £ £ £ ~~PT Ty yy et~~ Fixed Assets Circuit Manses & Equipment 11 Investment properties Investments 12 Total fixed assets - - ~~SSS SSS~~ Cu r rent Assets ~~=~~ Debtors and prepayments 13 Loans by the Circuit Investments with TMCP Trustees for Methodist Church Purpose 14 Centr al Finance Board Deposits 14 Cash at Bank and in hand 14 326,776 326,776 407,943 Total current as sets 326,776 326,776 407,943 Current liabilities Creditors (due in under 1 year) 15 Total current liabilities Net current assets/liabilities ~~——EE~~ Total assets Jess current liabilities j 326,776 I 326,776 1 407,943 Long term liabilities (due aft er more than one year) Loans by the Circuit Net assets 326,776 326,776 407,943 Funds of the Circuit GeneCircuit Moderal Funl d (Unrestricted)Trust Funds (Unrestricted) 18 326,776 ~~I~~ 326,776 407,943 Designated Funds (Un restricted) 18 I I Total Unrestricted Funds Restricted Funds 18 I I Endowment Funds ~~I =—-Be~~ _Total Funds 326,776 ~~I I I~~ 326,776 407,943

IAG UK & EUROPE

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 Charity which are Unrestricted. The Charity 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 Charity 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.

Grants

Grants made by the Charity from its own funds are recognized in full at the time of agreement or when it accepts that there is a legal or operational obligation to make the payment. When the grant is recurrent over more than one year the balance payable in future years is treated as a provision for future commitments in the Balance sheet against the appropriate fund, the provision being released in future years as instalments are paid in accordance with the originally agreed terms.

Tangible fixed assets for use by the Charity

Tangible fixed assets are capitalized if they can be used for more than one year, and cost at least £1,000. The freehold property is shown in the accounts at original cost and improvement expenditure to date. No depreciation is provided on the buildings because the trustees consider the current residual fair value of the manse buildings (on the assumption that it had reached the end of its useful economic life by the year-end) to be not less than its current value. Any depreciation would not be material. The property has been reviewed for impairment.

Depreciation

Depreciation is charged as to write off the cost of the assets, other than freehold property, over their estimated useful lives.

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.

Debtors and Prepayments

These amounts are owed to the Circuit and include the payment of the September stipend in August, together with other prepayments and accrued income.

Creditors

Creditors include both sundry expenses and specifically the 1st quarter assessment received in advance.

4. Donations and legacies
Unrestricted Model
Trust
Fund
£
£
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
Calvary AG, Manchester
Bethel Church, Belfast
Elim Worship Centre
Grace Worship Centre
Manchester Worship Centre
Grants
Donations and contributions from UK
General Office and Headquarters
20,683
12,750
16,409
32,778
42,164
116,214
84,147
81,744
24,589
6,609
7,444
1,285
3,579
1,618
567
23,459
340,179
Total
816,218
5.Charitable activities
Unrestricted
Model
Trust
Fund
£
£
Manse rentalincome
Sundry
Total
6.Investmentincome
Unrestricted
Circuit
Model
Trust
Fund
£
£
Interest and dividends
Total
7.Other trading activity
Unrestricted Circuit
Model
Trust
Fund
£
£
Otherincome
Total		 4. Donations and legacies
Unrestricted Model
Trust
Fund
£
£
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
Calvary AG, Manchester
Bethel Church, Belfast
Elim Worship Centre
Grace Worship Centre
Manchester Worship Centre
Grants
Donations and contributions from UK
General Office and Headquarters
20,683
12,750
16,409
32,778
42,164
116,214
84,147
81,744
24,589
6,609
7,444
1,285
3,579
1,618
567
23,459
340,179
Total
816,218
5.Charitable activities
Unrestricted
Model
Trust
Fund
£
£
Manse rentalincome
Sundry
Total
6.Investmentincome
Unrestricted
Circuit
Model
Trust
Fund
£
£
Interest and dividends
Total
7.Other trading activity
Unrestricted Circuit
Model
Trust
Fund
£
£
Otherincome
Total		 IAG UK & EUROPE
Designated
Funds
Restricted
2024
Total
2023
Total
£
£
£
£
20,683
12,750
16,409
32,778
42,164
116,214
84,147
81,744
24,589
6,609
7,444
1,285
3,579
1,618
567
23,459
340,179
14,017
5,200
7,323
11,369
40,263
74,118
70,599
60,531
21,658
3,431
888
5,585
405
-
-
-
279,400
192,767
816,218
787,554
Designated Restricted
2024
2023
Funds
Total
Total
£
£
£
£
3,278
3,278
Designated Restricted
2024
2023
Funds
Total
Total
£
£
£
£		 IAG UK & EUROPE
Designated
Funds
Restricted
2024
Total
2023
Total
£
£
£
£
20,683
12,750
16,409
32,778
42,164
116,214
84,147
81,744
24,589
6,609
7,444
1,285
3,579
1,618
567
23,459
340,179
14,017
5,200
7,323
11,369
40,263
74,118
70,599
60,531
21,658
3,431
888
5,585
405
-
-
-
279,400
192,767
816,218
787,554
Designated Restricted
2024
2023
Funds
Total
Total
£
£
£
£
3,278
3,278
Designated Restricted
2024
2023
Funds
Total
Total
£
£
£
£
Unrestricted Circuit
Model
Trust
Fund
£
£
Designated
Funds
Restricted


£
£		 2024
Total
2023
Total
£
£

IAG UK & EUROPE

8. Payment to Trustees

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

Number of trustees who were paid expenses

Nature of the expenses

9 trustees were reimbursed travel expenses totaling £2,594 during the period.

9. Fees for examination or audit of the accounts

Independent examiner's or auditors' fees for reporting on the accounts £ Other fees (e.g.: advice, accountancy services) paid to the independent examiner or auditor £

10. Paid employees

10.Paid employeesemployees
Staff Costs paid during the year were:
Grosswages, salaries andbenefits inkind £ 190,092 092 139,121
Employer's National InsuranceCosts £
Pensioncosts £ 1,388 388 1,293
Supernumeraries
ApprenticeshipLevy
Payrollservice charge
Totalstaff costs £ 191,479 479 140,414

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

11. Tangible Fixed Assets

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

The funds that support the Trust Fund and the Manses Fund are various accounts held by TMCP in Trustees Interest Funds on which interest is credited to the accounts each month. These are regarded as medium- and long-term 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

This year Prev year

Change in investment values

Changein investment values
£ £
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 Circuit Fund Accounts

Total Cash and Bank

----- Start of picture text -----
This year Last year
£ £
326,776 407,943
326,776 407,943
----- End of picture text -----

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 2024 the Charity has no capital commitments. No Contingent liabilities were identified at 31st March 2024.

IAG UK & EUROPE

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 407,943
816,218		 897,385 326,776
DesignatedFunds
CMTF
Totals 407,943 816,218 897,385 326,776

Restricted Funds

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

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

Declarations and Scrutiny

I confirm that these accruals-based accounts for the year to 31 March 2024 have been prepared from the records of the Circuit and that they include all funds under the control of the Circuit meeting.

Signature of treasurer Date 18[th] January 2025

Name and address of treasurer: Ben Mathew, 34 The Greenway, Rickmansworth,

Post Code: WD3 8HU

Presentation to the Board meeting

I confirm that the annual report and accounts for the year ended 31 March 2024 were presented to the Charity Board meeting and approved by the members.

Name of the Chair of the meeting: Rev. Varghese Abraham