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2023-12-31-accounts

Trustees’ Annual Report for the period

January 1[st] 2023 to December 31[st] 2023

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		 In 2023 we have continued to focus on
supporting the Increase Association as the
Association serves church-based training
organizations across Asia.
We have supported Increase’s participation in
international meetings, including the Future of
The Gospel Forum in Turkey and GPro
Congress held in Panama. International
events like these are developing new ways of
working and growing partnerships for the
future. There was a successful course writers’
training program that took place during the
year and the Increase Equippers have been
involved in providing training and processes to
assure quality of courses. There have been no
major gatherings in 2023.
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 Commissions,
public benefit guidance, when making decision
about the purpose and for whose benefit funds
have been spent. The trustees have aimed at
all times to ensure that all monies spent do
support church-based training in Asia. To this
end, accounts are kept in line with
Commission guidelines. The General
Secretary of the 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:

SORP
reference
Policy on grant making Para 1.38 Requests for grants from the Increase
Association are scrutinised by the Executive
Team of the 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 encouraged the
building of partnerships with other
organisations who are involved in church-
based training.
There has been more work on training course
writers and group leaders.
A number of new initiatives have also been
started in digitally enhanced learning and
developing an e-learning platform, for use on
smartphones.
In addition, existing initiatives have been
strengthened, with Increase Association
developing connections with the International
Council for Evangelical Theological Education
and the Asia Theological Association, Re-
Forma and the World Evangelical Alliance.

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

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 The total income for the year was £61k with
key donations coming from HMK
£22.9k(36%),and various general private
individual donors £28.3k(44%). The
widespread general donor support of 44% has
been positive and encouraging for our
operations.
The total funds at year end stood at £29,353
of which £3,539 were restricted funds.
We are not aware of any post year end events
or liabilities which would materially impact the
financial strength of ITUK.
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 to operate
reach a critical level, the charity can continue
to operate whilst the situation is rectified and
new funds are raised.
Going forward for 2024, the trustees have
reviewed and discussed to maintain nine
months of fixed expenditure in reserves. The
fixed expenditure is defined as committed
costs such as salaries, rent, stationeries and
general overheads which remain fixed
regardless of the level of activities as defined
in our management account reports.
This improves clarity and provides more
certainty to financial management planning.
Amount of reservesheld Para 1.22 £25,814
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 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 was reviewed in
March 2024 and the board has agreed to
invest any reserves which could be recalled
without notice. This is a sound financial
management approach which seeks to
maximise the productive use of funds.
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. We
are continually seeking to look out for more
trustees to bring fresh ideas as well as to
ensure a sufficient buffer over the quorum
level.
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.
Although Increase Trust UK
(ITUK) does not work directly with children
and adults at risk, it is committed to
safeguarding and promoting the welfare of the
communities it supports and is taking
reasonable steps to ensure the safety and
protection of those who come into contact with
ITUK. Accordingly, all the trustees have
undertaken a safeguarding Training course
conducted by NSPCC in 2023.

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 Trustees 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) Additional information (optional) Additional information (optional)
You may choose to include further statements where relevant about:
New trustees are invited to attend at least one
Policies and procedures meeting before appointment. On appointment
adopted for the induction the chair sends the new trustee Charity
and training of trustees Para 1.51 Commission resources about the role of
trustees and also key documents specific to
ITUK, such as the constitution and policies.
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.

Reference and Administrative details

Charityname IncreaseTrust 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 Resigned 19/09/2023
Tiow ThangNg Treasurer Appointed 15/02/2022
Nicola Jane Aylett
Harold Charles Snow Appointed chair on
19/09/2023 while being
a trustee throughout
theyear.
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 n/a held in this capacity 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 infrmation)
Type of
Name
Address
adviser		 Names and addresses of advisers (Optional infrmation)
Type of
Name
Address
adviser		 Names and addresses of advisers (Optional infrmation)
Type of
Name
Address
adviser
Name of chief executive or names of senior staf 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 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 satisfieq 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

----- Start of picture text -----
Signature(s)
Full name(s) Harold Snow
Position (eg Secretary, Chair
Treasurer
Chair, etc)'-- ----------��------------�
Date
28 May 2024
----- End of picture text -----

CHARITY COMMISSION Charity Name FOR ENGLAND ANO WALES

Charity Name No (if any) Increase Trust UK 1158018 Receipts and payments accounts •• C For the Period start Period end To period from 01/01/2023 31/12/2023 B

Section A Receipts and payments

Unrestricted
funds		 Unrestricted
funds		 Restricted
funds		 Restricted
funds		 Endowment
funds		 Total funds Last year
to the nearest to the nearest to the nearest to the nearest to the nearest
£ £ £ £ £
A1 Receipts
Donation income 30,482 26,960 57,442 **126,956 **
Gif Aid 424 - 424 21
Income from members 3,165 ~~-~~ 3,165 **1,909 **
Other income 216 ~~-~~ 216 15
Conference Fees 48 - 48 **18,817 **
Bank interest 152 ~~-~~ 152 213
~~-~~ -
34,487 26,960 61,47 147,931
Sub total(Gross income for AR)
A2 Asset and investment sales,
I
Sub totl
Total receipts
A3 Payments		 (see table).
~~- :1~~§ § §
34,4711
26,960I . ~~I _~~____ -. II
61,471		 §
~~.~~
1 ___
141.931
.I
Increase conferences & consultations 1,836 - 1,836 **42,709 **
Course Writer Training 694 24,760 25,454 25,848
International netorking 4,029 2,142 **6,171 ** 5,088
Grant to Increase Association 29,571 - **29,571 ** 58,938
Committee meetings related travel 4,458 4,005 **8,463 ** 6,167
Equippers expenditure 1,392 4,204 5,596 **2,273 **
Executive Teams 3,984 1,204 5,188 2,375
Other Teams - - ~~-~~ **7,045 **
Other communications and social media - - ~~-~~ 3,000
Publications ~~-~~ - - 1,531
Trainingfor equippers ~~-~~ 197 **197 ** 13,122
Salary 1,360 4,553 5,913 4,423
Printingand Stationery 20 - **20 ** 4,424
Bank Charges 224 ~~-~~ 224 141
Other expenses ~~-~~ - ~~-~~ 84
Sub total 47,567 41,065 88,632 **177,168 **
table)
�ubto
tal_~~I~~§§§§
Total payments 47,56711
41,0651 ~~_ ___ -11~~
88,63211
~~_~~__
111, 16 8. I
Net of receiptsl(payments
AS Transfers between funds
A6 Cash funds last year end
Cash funds this year end

Section B Statement of assets and liabilities at the end of the period Unrestricted Restricted Endowment to twrest£ to nÈartst£ to nearest£ B1 Cash funds 21171 3.539 Totsl cash funts 21177 1539 lagrE8 balancts wilh ￿lpts al￿ payments accountlsll twrest£ to nparÈst£ to nea￿$t£ 82 Other monelary assets Fund towhkh C¢)st Cyrr¢ntvaluo loptionall B3 Investmertt assets FundtOWh￿h Cost Cuvrentvalue asset lop￿￿) low10n￿l l¢**thkh Amowrtduo When du bnrty loptmal) loptiDn•ll BS Llabllttles s[qn￿ by one or ￿ trustees on b8haWofall Signatsre Harold Snow HaTokl SrThi 28 May 2024 riow N

Independent examiner's report to the trustees of Increase Trust UK, registered charity 1158018 (England & Wales). for the year ended 31 December 2023 I report to the trustees on my examination of the accounts of the Increase Trust UK (ITUK) for the year ended 31 December 2023 Responsibilities and basis of this report As the charity trustees of ITUK you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act). -1 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. Independent examiner's statement 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 concems and have come across no other matters in connection with the examination to which attention should be drawn in this ￿pOrt in order to enable a proper understanding of the accounts to be reached Signed.. Name.. John Petersen Address: 21 Applecroft Road, Welwyn Garden Cty, Hertfordshire, AL8 6JZ Date: 14 May 2024