Trustees' Annual Report for the period
Period start date Period end date
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01 Januar 2021 31 Decemb 2021
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Section A Reference and administration details
Charity name Increase Trust UK Other names charity is known by Registered charity number (if any) 1158018 Charity's principal address 10A Albert Road Finsbury Park London Postcode N4 3RW
Names of the charity trustees who manage the charity
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Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 Kathryn Myers Chair
2 Priscilla Bartlett Treasurer
3 Timothy Green Resigned 16/2/2021
4 Nicola Aylett
5 Harold Snow
6 Aaron Tham Increase Association
7 Martin Hickey Appointed 16/2/2021
8 Philip Ng Appointed 15/02/2022
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Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
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Names and addresses of advisers (Optional information)
Type of adviser Name Address
Name of chief executive or names of senior staff members (Optional information)
Section B Structure, governance and management
Description of the charity’s trusts
Type of governing document
Constitution
- (eg. trust deed, constitution)
Charitably Incorporated Organisation How the charity is constituted
- (eg. trust, association, company)
Trustee selection methods
Appointment
- (eg. appointed by, elected by)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
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policies and procedures adopted for the induction and training of trustees;
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the charity’s organisational structure and any wider network with which the charity works;
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relationship with any related parties;
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trustees’ consideration of major risks and the system and procedures to manage them.
The charity works in close association with Increase Association which has authority to nominate two trustees. Relationships with the Increase Association committee and its employees are good, with a high level of co-operative working. In 2021 the Memorandum of Understanding between ITUK and Increase Association, originally written in 2014, was revised and renewed.
The charity reviews all its policies on a rolling basis with reserves and investment policies, financial standard operating procedures and the risk register being reviewed annually. There is a policy and procedure for managing conflicts of interest and a register of trustees’ interests. Trustees’ terms of service are regularly reviewed.
A major risk is having insufficient trustees to fill the main offices of the charity. A programme for recruitment of new trustees has continued and towards the end of the year an individual able to take over the role of Treasurer in 2022 was identified.
New trustees are invited to attend at least one meeting before appointment. On appointment the chair sends the new trustee Charity Commission resources about the role of trustees and also key documents specific to ITUK, such as the constitution and policies.
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Section C Objectives and activities
To advance the Christian faith for the benefit of the public by supporting adult education and training programmes which lead to discipleship and ministry. Summary of the objects of the charity set out in its governing document
For the second year in succession, many of the activities that ITUK supports were curtailed or moved on line because of the Covid pandemic.
Key activities included:
A virtual international conference for over 200 people from 20+ countries in March 2021.
Support for Increase staff involved in writing and launching a book ‘TEE for the 21[st] Century’ published by Langham Global Summary of the main Library. activities undertaken for the public benefit in Support for Increase staff and volunteers to attend ICETE relation to these objects (International Council for Evangelical Theological Education) and (include within this ATA (Asia Theological Association) consultations. section the statutory declaration that trustees Support for Equippers to travel to work internationally, where have had regard to the possible. guidance issued by the Charity Commission on Support for Increase staff and volunteers carrying out a major public benefit) international consultation exercise involving all interested parties (eg. member organisations, collaborators, grant-making organisations etc) to inform the future direction and emphases of Increase Association in the light of global trends.
Additional details of objectives and activities (Optional information)
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You may choose to include further statements, where relevant, about:
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
Section D Achievements and performance
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Section D Achievements and performance
Summary of the main achievements of the charity during the year
The Charity has successfully supported all the activities listed in Section C and has continued to function and develop in spite of the pandemic. Trustee numbers have been maintained, the financial position is strong and all key policies and procedures are in place and are regularly reviewed.
Section E Financial review
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Brief statement of the charity’s policy on reserves
ITUK aims to maintain between six months to one year’s normal expenditure in reserves. Normal expenditure is defined as the average expense over a three-year period adjusted as appropriate for known changes (either increases or decreases) in activity. The trustees monitor the level of reserves at every board meeting when the accounts are reviewed.
Details of any funds materially in deficit
None
Further financial review details (Optional information)
You may choose to include additional information, where relevant about:
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the charity’s principal sources of funds (including any fundraising);
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how expenditure has supported the key objectives of the charity;
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investment policy and objectives including any ethical investment policy adopted.
Our principal sources of funding are donations from trusts and individuals and membership fees from national organisations that belong to Increase Association.
Increase Trust UK does not raise funds from the general public.
The trustees agreed an investments policy in November 2020 which seeks to invest a small proportion of the Trust’s assets, subject to the needs for liquidity and protection of capital value. The investment policy is reviewed annually and returns on investments are scrutinised twice every year as part of the treasurer’s biannual report to the board.
Section F Other optional information
In February 2021 Graham Aylett, husband of Nicola Aylett, a trustee of ITUK, became CEO of Increase Association. Graham attends board meetings in an advisory capacity but is not a trustee and does not have a vote.
The board has discussed the potential for conflicts of interest and this discussion has been minuted. The trustees were fully satisfied that any conflict can being managed adequately by the current Conflicts of Interest policy and procedures. All potential conflicts of interest are declared and minuted at the beginning of every board meeting.
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Harold Snow Full name(s) Kathryn Myers Position (eg Secretary, Trustee Chair, etc)[Chair] Date 05/04/2022
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Independent èxamlner's report to the trustees of Increase Trust UK, reglstsrod charity 1158018 (England & Wales), for the year ended 31 December 2021 I report to the trustees on my examination of the accounts of the Increase Trust UK (ITUK) for the year ended 31 December 2021 Re8pon8lbllltles and basls of th5s report As the charity trustees of ITUK you are responsible for the preparation of the accounts in accordance with the requirements of the Charikn'es Act 2011 (the Acl). I report in respect of my examination of ITUK'S accounts, carried out under section 145 of the 2011 Act. 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 examlnerfs ststement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. 1. Accounting records were not kept in respect of ITUK as required by section 130 of the Act 2. The accounts do not accord with those records I have no concerns and have come across no other matters in connection with the examinats'on to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached Signed.. Name. John Richard Eames-Petersen Address.. 38 Hazel Grove, Hatfield, Hertfordshire, AL10 9DN Date.. 17 June 2021
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