## **Trustees’ Annual Report for the period** ## **January 1[st] 2022 to December 31[st] 2022** ## **Charity name: Increase Trust UK (ITUK)** ## **Charity registration number: 1158018** ## **Objectives and Activities** ||SORP
reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The purposes of the charity are 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 main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|The main activities in 2022 were the funding
and support of the first international
conference of the Increase Association for four
years. This was held in Seremban, Malaysia,
in November 2022, with 177 delegates from
33 nations. Funding for the conference came
from a successful round of grant applications
to charitable trusts. ITUK administered these
to fund conference costs and airfares for some
participants, along with a pre-conference
leaders’ day.
Other activities funded include a four-day
gathering of the Increase committee,
executive and 16 Equippers in Turkey and a
consultation and Course Writers workshop in
Central Asia. The Increase General Secretary
made visits to Indonesia and Malaysia to
observe the working context of TEE
participants and to prepare for the
international conference with the Increase
office staff.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The trustees have had regard for public
benefit in line with the Charity Commission’s
public benefit guidance when making
decisions about the purpose and beneficiaries
of funds spent. The trustees have aimed to
ensure that all monies spent support church-
based training in Asia. To this end, accounts
are kept in line with Charity Commission
guidelines. The General Secretary of Increase
Association presents a written report to the
trustees at every board meeting to highlight
the outcomes and impact of monies spent.| |**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:| |---|---|---| ||SORP
reference|| |Policy on grant making|Para 1.38|Requests for grants from members of Increase
Association are scrutinised by the executive
team of Increase Association and the board of
ITUK.
Requests for grants made directly to ITUK are
examined first by the ITUK chair and shared
with the board at the next meeting if the
request is clearly congruent with the purposes
of the charity.| |Policy on social investment
including program related
investment|Para 1.38|ITUK does not undertake social investment or
programme related investment| |Contribution made by
volunteers|Para 1.38|With the exception of the trustees, the charity
has no volunteers.| |Other||| |**Achievements and Performance**||| ||SORP
reference|| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The work of the charity has enabled large
numbers of people to attend and benefit from
the events listed above. A number of new
initiatives have also been started eg new
courses initiated in Central Asia and training in
TEE in new countries.
In addition, existing initiatives have been
strengthened, with Increase Association
achieving higher profiles in the International
Council for Evangelical Theological Education
(ICETE) and the Asia Theological Association
(ATA).
Numerous individuals have reported that they
have been educated and encouraged by the
activities they have participated in and so are
better equipped to be disciples and ministers.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| |Achievements against
objectives set|Para 1.41|| |Performance of fundraising
activities against objectives
set|Para 1.41|| |Investment performance
against objectives|Para 1.41|| |Other||| ## **Financial Review** |Review of the charity’s
financial position at the end
of the period|Para 1.21|The charity has enjoyed good widespread
financial support in 2022, receiving £148 000
in 2022 compared with £16 000 in 2021, an
increase in excess of 900%. Trusts
contributed 55%, and general donors 8%. The
increase in funding was attributed to deferral
of regular activities that resumed after the
pandemic, particularly the major conference
held in Malaysia.| |---|---|---| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|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. Reserves
are held so that, should funds reach a critical
level, the charity can continue to operate
whilst the situation is rectified and new funds
are raised.
The trustees monitor the level of reserves at
every board meeting when the accounts are
reviewed. The reserves policy is reviewed
annually.| |Amount of reserves held|Para 1.22|£53 000| |Reasons for holding zero
reserves|Para 1.22|n/a| |Details of fund materially in
deficit|Para 1.24|n/a| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|n/a| ## **Additional information (optional)** You may choose to include further statements where relevant about: |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|The 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.| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|The trustees agreed an investments policy in
November 2020. This 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.| |A description of the principal
risks facing the charity|Para 1.46|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 a new Treasurer was successfully
appointed in February 2022.| |Other||Like many others, the charity has been
experiencing increasing difficulty in
transferring funds to some parts of the world
and has needed to use methods other than
bank transfers more frequently. The trustees
have written detailed guidelines on cash
carriage, in line with Charity Commission
guidance, should this ever be necessary.| ## **Structure, Governance and Management** |Description of charity’s
trusts:||n/a| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Charitably Incorporated Organisation| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Trusteed are selected by appointment.
The committee of the Increase Association is
entitled to nominate and appoint one or two
trustees to the ITUK board.| |**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:| |---|---|---| |Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|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.| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|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.| |Relationship with any related
parties|Para 1.51|| |Other||The charity reviews all its policies on a rolling
basis. Policies on reserves, investment,
financial standard operating procedures and
the risk register are reviewed annually.
There have been no irregularities on review of
policies and there have been no serious
incidents to report.
In February 2022 a General Meeting was held
to amend the constitution to allow for
electronic meetings. The amended constitution
was filed with the Charity Commission.| ## **Reference and Administrative details** |Charity name|Increase Trust UK| |---|---| |Other name the charity uses|ITUK| |Registered charity number|1158018| |Charity’s principal address|10A Albert Road
Finsbury Park
London N4 3RW| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6|**Trustee name**|**Office (if any)**|**Dates acted if not for**
**whole year**|**Name of person (or body)**
**entitled to appoint trustee (if**
**any)**| |---|---|---|---|---| ||Kathryn Gwyneth Myers|Chair||| ||Tiow ThangNg|Treasurer|Appointed 15/02/2022|| ||Nicola Jane Aylett|||| ||Harold Charles Snow|||| ||Rev Yew Him Tham|||Increase Association| ||Martin Frank Hickey|||| – Corporate trustees names of the directors at the date the report was approved **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** |Description of the assets
held in this capacity|n/a| |---|---| |Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects|| |Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own
assets|| **Names and addresses of advisers (Optional information)** ## **Type of Name Address adviser** ## **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** In February 2021 Graham Aylett, husband of Nicola Aylett, a trustee of ITUK, became General Secretary 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. ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signature(s)**
**Full name(s)**
**Position (eg**
**Secretary, Chair, etc) **
**Date**||| |---|---|---| ||Kathryn Myers|Harold Snow| ||
Chair|Trustee| ||14 July 2023|| ||14 July 2023|| CC16a I￿1￿071 To 111 12,iJ2d SL'LtI()11 A Ri"LQll)tS J• IT.• ?P.714 •3 14r pr?d ilie 10{1 R•4¢rktsid EfM1owm•n C*l#gon•¥ fund• 81 Cmh lund• 2SV 17.W MJ•y d fundJ t lun0• Why Mvtrs Kftiiifh4 rhVrfS 14J712uts fcgknJ ItI7ILczg Independent examlner'8 roport to th• trust•as of Incr•as• Trust UK, reglstered charfty 1158018 (England & Wale•i, for the y•ar •nded 31 December 2022 I report to the trustees on my 8xamination of the accounts of the Increase Trust UK (ITUK) for the year ended 31 December 2022 Respon•lblllllM and ba81$ of th18 rnport As the charity trustees of ITUK you afe responsible for the preparatlon of the accounts in accordance with the requirements of the Charities Act 2011 (the Act). I report in respect of my examination of ITUK'S accounts, carried out under Section 145 of the 2011 Act. In carying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145 (5) {b) of the Act. Ind•p•nd•nt •xamlnof8 ststsm•nt I have completed my exarnination. I confinn that no mat8ri81 matters have corne to my attention in connection with the examination giving me cause to believe that in any material respect: 1. Accounting records We￿ not kept in respect of ITUK a8 required by s8dion 130 of the Act 2. Th• accounts do not accord with th08e recfxds I have no concems and have come across no other mattern in connectlon wlth the examination to which attents'on should be drawn in this report in order to enable a proper understanding of the accounts to be reached Signed: Name.. John Peter8en Addre88.' 21 Applecroft Road, Welwyn G8rden Cty, Herttord8hir•, AL8 6JZ Date: 14 Juty 2023