## **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 media**143**||**-**|**-**||**-**||**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**|**-**|
**----- Start of picture text -----**
(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
**----- End of picture text -----**
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;
- 1, Accounting records were not kept in respect of [TUK as required by section 130 of the Act
2. The accounts do not accord with those records
| 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:
**----- Start of picture text -----**
; ;
. f f
**----- End of picture text -----**
## Name: John Petersen
Address; 21 Applecroft Road, Welwyn Garden City, Hertfordshire, AL8 6JZ Date: 11 September 2025