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← Increase Trust UK

2024-12-31-accounts

Trustees’ Annual Report for the period

January 1[st] 2024 to December 31[st] 2024

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 2024 we have continued to focus on
supporting the Increase Association as the
Association serves church-based training
organizations across Asia.
The main focus of the year has been on four
Strategic Regional Workshops bringing
together small leadership teams from Increase
Core Member Organisations for training,
sharing experience, learning from each other
and praying together. These workshops were
planned in consultation with Increase Core
Member Organisations and have strengthened
regional connection and collaboration.
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
decisions about the purpose and for whose
benefit funds have been spent. The trustees
have aimed to ensure that all monies spent to
support church-based training in Asia and
Asian diaspora. 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 main focus of the year has been on
Strategic Regional Workshops bringing
together local TEE groups form regions facing
similar circumstances to share experience and
good practice and to learn and pray together.
These workshops are planned to bring greater
collaboration and to strengthen regional
organisations.
The work of the charity has also encouraged
the building of partnerships with other
organisations who are involved in church-
based training, and partnerships between
Increase member organizations (church-based
training) and institutions offering formal
theological education.
In addition, existing initiatives have been
strengthened, with Increase Association
developing connections with the International
Council for Evangelical Theological Education,
the Asia Theological Association and the
Global Pastoral Training 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 £133k
mainly from donations. Gifts from key major
donors totalled just over £86.5 k with various
smaller donations including donations from
individuals contributing £42 k
The total funds at year end stood at £ £63,597
of which £ 26,933 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 From 2024, ITUK aims to maintain nine
months of fixed expenditure in reserves. The
fixed expenditure is defined as committed
costs such as Increase Association staff
salaries, rent for the Increase Office,
stationery and general overheads which
remain fixed regardless of the level of
activities as defined in our management
account reports. 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.
Amount of reserves held Para 1.22 £ 36,664
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 in funds 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 2025. 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 or when they
became trustees.

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
7
8		 Trustee name Office (if any) Dates acted if not for
whole year		 Name of person (or body)
entitled to appoint trustee (if
any)
Tiow ThangNg Treasurer Resigned 10/09/2024
Nicola Jane Aylett Resigned 9/12/2024
Harold Charles Snow Chair
Rev Yew Him Tham Increase Association
Martin Frank Hickey
Elizabeth Dales Pitcher
Allan Rui Min Mao Appointed 10/09/24 Increase Association
Stephen Wynford Amos Treasurer Appointed 17/03/25

– 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 information)

Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information) ~~oe~~ Exemptions from disclosure Reason for non-disclosure of key personnel details

~~SO~~ Other optional information In March 2021 Graham Aylett, husband of Nicola Aylett (a trustee of ITUK for most of the year), became CEO of Increase Association. Graham attends board meetings in an advisory capacity but is not a trustee and does not have a vote. Martin Hickey spends some of his time working for the Increase Association. 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. ~~OS~~

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Stephen Wynford Amos Full name(s) Harold Charles Snow Position (eg Secretary, Chair Treasurer Chair, etc) Date

Charity Name No (if any)
Increase Trust UK Increase Trust UK 1158018
Receipts and payments accounts CC16a
For the
period from		 Period start
01/01/2024		 To Period end
31/12/2024
Section A Receipts and payments Section A Receipts and payments Section A Receipts and payments Section A Receipts and payments
Unrestricted
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
Donors Donation income 20,835 107,839 - 128,674 57,442
Gift Aid Gift Aid 585 - - - 585 424
Membership Income from members 2,518 - - - 2,518 3,165
Other income Other income 488 - - - 488 216
Conference fees Conference Fees - - - - - 48
Interest Receivable Bank interest 1,076 - - - 1,076 152
- - -
25,502 107,839 - 133,341 61,447
Sub total(Gross income for AR)
A2 Asset and investment sales,
(see table).
-
-
-
-
-
-
-
-
-
Sub total
-
-
-
-
-
Total receipts
25,502
107,839
-
133,341
61,447
~~—————~~
A3 Payments
Conferences Increase conferences & consultations 620 62,602 - 63,222 1,836
Increase Training Course Writer Training - - - - - 25,454
Networking International networking 695 6,144 - 6,840 6,171
Expenditure Grant Grant to Increase Association 6,180 12,306 - 18,486 29,571
Committee meetings Committee meetings related travel - 1,213 - 1,213 8,463
Equippers Expenses Equippers expenditure - - - - - 5,596
Executive Team Executive Teams 581 - - - 581 5,188
Other Teams Other Teams - - - - - -
Other Comms Other communications and social media Other communications and social media143 - - - 143 -
Publications Publications - - - - -
Training for Equippers Trainingfor equippers - - - - - 197
Salaries Salary 6,259 200 200 - 6,459 5,913
Printing and Stationery Printingand Stationery - - - - - 20
Bank Charges Bank Charges 102 - - - 102 224
Other expenses Other expenses 71 1,980 - 2,051 -
**Sub total ** 14,651
84,445
-		 99,097
88,632
A4 Asset and investment
purchases,(see table)
-
-
-
-
-
-
-
-
Sub total
-
-
-
-
-
Total payments
14,651
84,445
-
99,097
88,632
~~——————~~
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end		 10,851
23,394
-
1,599
- -
22,177
3,539
-
34,627
26,933
-
~~===~~		 -
-
 34,245
(27,185)
1,599
-
25,716
52,901
61,560
25,716
~~==~~

Section B Statement of assets and liabilities at the end of the period

Unrestricte Restricted Endowmen
Categories Details d funds funds t funds
to nearest £ to nearest £ to nearest £
B1 Cash funds B1 Cash funds 34,627 26,933 -
- - -
- - -
Total cash funds 34,627 34,627 26,933 26,933 -

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(agree balances with receipts and payments account(s))
Unrestricte Restricted Endowmen
d funds funds t funds
Details to nearest £ to nearest £ to nearest £
B2 Other monetary assets Investment in P2P (non cash) [ 2,037 ] - -
- - -
- - -
- - -
- - -
- - -
== EEE
Fund to which Cost Current value
Details asset belongs (optional) (optional)
B3 Investment assets - -
- -
- -
- -
- -
== Ee.
Fund to which Cost Current value
Details asset belongs (optional) (optional)
B4 Assets retained for the - -
charity’s own use
- -
- -
- -
- -
- -
- -
- -
- -
==
Fund to which Amount due When due
liability (optional) (optional)
relates
Details
B5 Liabilities -
-
-
-
-
Signed by one or two trustees on
behalf of all the trustees Signature Print Name Date of approval
= Harold Snow es Harold Snow 12/09/2025
Stephen Wynford Amos Stephen Wynford Amos 12/09/2025
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Independent examiner's report to the trustees of Increase Trust UK, registered charity 1158018 (England & Wales), for the year ended 31 December 2024

| report to the trustees on my examination of the accounts of the Increase Trust UK (ITUK) for the year ended 31 December 2024

Responsibilities and basis of this report

As the charity trustees of TUK you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act)

| report in respect of my examination of |TUK's accounts, carried out under section 145 of the 2011 Act. In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145 (5) (b) of the Act.

Independent examiner's statement

| have completed my examination, | 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;

| 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

Signed:

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; ;
. f f
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Name: John Petersen

Address; 21 Applecroft Road, Welwyn Garden City, Hertfordshire, AL8 6JZ Date: 11 September 2025