**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:
- 1) Rev. Varghese Abraham – Chairman
- 2) Sis Sheeba Philip – Trustee
- 3) Sis Raichu Mathew - Trustee
- 4) Br Saju Joseph - Trustee
**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.
- **2) Relief of Sickness and Financial Hardship, Promotion and Preservation of Good health:** To actively contribute to the well-being of individuals by relieving sickness and financial hardship. This includes provision of funds, goods or services of any kind, as well as offering counselling and support.
- **3) Advancement of Education:**
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:
- Select suitable accounting principles and apply them consistently.
- Make judgements and estimates that are reasonable and prudent,
- State whether the policies are in accordance with SORP
- Prepare the accounts on an ongoing basis
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.
- **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]] _._
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:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did 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 the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
* _Please delete the words in the brackets if they do not apply._ () ) **Signed: Date:** 20/01/2025 ~~Ui Karlewd Uecte lake | [ \ fr~~ **Name:** SAIF CHARTERED ACCOUNTANTS ~~ee~~ **Relevant professional** Association of Chartered Certified Accountants **qualification(s) or body (if any):**
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.
- Signature of the Chair of the meeting
Name of the Chair of the meeting: Rev. Varghese Abraham