THE INTERNATIONAL PRESBYfERIAN CHURCH Ealing REPORT AND FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 MARCH 2024 Charity Number. 1171604 Jacob Cavenagh & Skeet Chartered Accountants 5 Robin Hood Lane Sutton Surrey SM12SW THE INTERNATIONAL PRESBYTERIAN CHURCH Ealing REPORT AND FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 MARCH 2024 Contsnts Page Reference and administr*ive details Trustees. Report Independent Examiner's ReFQrt Statement of Financial Activities Balance Sheet Statement of Cash Flows Notes lo the Financial Stalements 10-17 THE INTERNATIONAL PRESBYTERIAN CHURCH Ealing REFERENCE AND ADMINISTRATIVE DETAILS Trustees and Elders APLevy C Cradock R Hunter lapFoinled 1 April 20241 A Little P Lofthouse ARae J Silva J Willcox Chief Executlve (Senior Pastor} APLevy Key Managoment Porsonn61 APLevy PrSncipal offlce 53 Drayton Green West Ealing London W130JE Independent Examln&rs Jacob Cavenagh & Sk6et 5 Robin Hcod Lane Sutton Surrey SM1 2SW Bankers Lloyds 45 The Broadway Ealing London W5 Barclays Bank plc 53 The Broadway Ealing London W5 Charlty reglstratlon numbor: 1171604 Page 1 THE INTERNATIONAL PRESBYTERIAN CHURCH Ealing TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their report and the financial slalements of The Intemational Presbyterian Church Ealing for the year ended 31 March 2024, which h8ve been prepared in accordance with the Charities Slalement of Recommended Praclice (Charities SORP IFRS 102)) and Financial Reporting Standard 102 IFRS 1021. Structure, governance and management The International Presbyterian Church is a charrtable incorporated organisation (CIO) fomied on 14 February 2017.The assets and liabilities of the unincorporated founding charity, the International Presbyterian Church Ealing Congregation, were gifted lo the CIO on 1 March 2017. IPC Ealing is a congregation of The International Presbyterian Church and is a member of the First IPC Presbytery of England. The government of the church is Presbyterian. The CIO has power lo do arylhing which is calculated to further its objects or is conducive or incidental to doing so. Membership of the CIO is open to anyone who lil has been baptised, whether as a child or an adult,. lill demonstrates a credible profession of farth in the Lord Jesus Christ as their Saviour and Lord; liiil has publicly declared and affimied to the Congregation their profession of faith and acceptance of membership, whether verbalty or in writing,. and {iv} unless the charity trustees otherwise allow, is not a member of any other church. The charty trustees have discretion whether or not lo admil a person to membership la decision not to admit musl be supported with reasons and is open to appeal). The charity trustees are responsible for managing the affairs of the CIO and are pemiitted to exercise all of the powers of the CIO. All charity trustees must be members of the CIO and may only be eligible for a trusteeship if lil ordained as an Elder in accordance with the Book of Church Order., lill is over 16 years of age,. and liiil must not be excluded from holding the position by virtue of sections 178 to 180 Charities Act 2011. All charity Iwstees musl expressly acknowledge their acceptance of the office of a charity trustee. New trustees will undergo training such as that provided by Stewardship and existing trustees will have training scheduled in this current financial year, Ihis then to be repeatedlrefreshed on a regular basis or as and when appropriate. Charity Iruslees may delegate their powers or functions lo a committee or commtttees wtthin the Church. The charty trustees have overall responsibility for the affairs of the CIO, but have delegated responsibilities for the spiritual oversight of the congregation to the Elders and the administration of the fInan￿S and care of the propety to the Deacons. One of the Elders Ilhe minister Paul Levyl oversees the day-towday running and administration of the church and he meets fornally wrth the other Elders regular￿ lo monitor progress of the church and plan for the future. His responsibility, for which he is paid, is to carry out pastoral work and Ihe majorty of Ihe teaching on a full- time basis. The Trustees met on 12 cccasions during the year to review the Trust's activities. The Elders met on a fortnight￿ basis and the Deacons once every Iwo months, and both reported lo the congregation al least tsVI￿ a year as part of the Annual General Meeting and a half-yearly meeting. The key mana9emenl personnel of the church as listed on page 1 are in charge of directing, controlling. running and operating the church on a day to day basis. All Elders (except the Senior Pastor and Associate Minister I give of their lime freety and only those Elders on the church staff received any remUnerat￿}n in the year. Details of Elders, expenses and related paty transactions are disclosed in Note 7 to the financial statements. The pay of the Senior Pastor and other senior staff is reviewed annualty and normally increased in accordance with average earnings. Page 2 THE INTERNATIONAL PRESBYfERIAN CHURCH Ealing TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Iconlinuedl Objects of the Church The objects of the CIO are {al lo advance the Christian religion through the public worship of God and the preaching and teaching of the Holy Scriptures of the Old and New Testsments,. Ibl such other charitable purposes as the charity trustees from time to time may think fit. The principal activities of the church These are the conduct of services on a Sunday, prayer meetings, bible study groups, the running of Child￿n,$ clubs and the provision of any other services in response to needs identified in the local community. such as the teaching of English as a foreign language. Public Benefit The Trustees are aware of their duty, set out in section 4 of the Charities Act 2006, to have due regard lo the public benefit guidance published by the Charity Commission. They therefore ahvays ensure that the chvrch's activities are in line with ils objects which are sel out earlier in this report. They seek to proclaim the leaching and example of Jesus Christ. These a￿ widely recognised by people of other faiths land none) as being of the highest ethical standards and upon which much of this country's legal system has been based. By setting forth these standards and encouraging those who attend the church ServI￿S to follow and apply them in daily life, as well as engaging in the other activrties set out above and in Ihe following paragraph, the church makes a positive input into the Community. Revlew of Progress - 23124 The Trustees aim lo continue the church's work as set out in the above paragraph and will continue to look for other ways of pursuing Ihe objects of the Church as set out eadier in this rewrt, this is not limrfed to our physical location as we meet as small groups bolh in person in people's houses and online via video COnfe￿nCe. During this year we continued to hold our Sunday worship services in our own building in Drayton Green. We have added a number of new members to the congregation and our current voting membership sland$ at 153. The Church has deepened its commitment to the task of the publlc worshlp of God by.. Continuing to meet publicly for worship on Sundays, both in Ihe morning and evening and also on Tuesday lunchtimes We have run Children's and Young people's clubs in person. for school years 1-6 & 7-12 We have developed our online presence lo enable those who were not able lo meet with us in person with a small but regular attendee group including those whose physical ailments prevent attendance in person The exercise of Pastoral care Running a parent and babiesl toddler group, this year this has expanded into Ihe main hall and has seen numbers of 60 babiesltoddlers {plus carerslparentsl in attendance English language Class for women Taking part in the Blythswood sh￿bOX appeal which sends shoeboxes of gifts lo the needy. Running 8 Bible study for Farsi speakers with new resource added to this work who have Farsi language skills Running a Hope Explored group Running a ministry amongst Japanese people Iwing in West London. This ministry has started to meet every olher Sunday afternoon over the past year Supporting the work of Hope a charity supporting women with unplanned pregnancy. We have reduced the loan on the building considerably lo around £264k, a reduclion in the year of some £40k We hosl IPC Presbytery ￿lCe a year, which is where the leaders of our denominalion meet together We host a Theology conference wrth people coming from all over the UK and beyond with visitors from sister churches in the Philippines and Eastern EuroFX Page 3 THE INTERNATIONAL PRESBYfERIAN CHURCH Ealing TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 C￿tInu￿) Review of Progress {continued) On Sundays we have Christban ed￿tion groups for tK)th Children and Adulls, and a young people's Study Group lakes place on Sunday evenings We have run a Holiday B1￿￿e Club for children in the commnty in our church, held in the summer holidays too We have continued a Free English Class in the evening for people in the area We have begun training of another tranche of ne•V elders and deacons in the churth to strenglhen the leadership We hosted Ealing Churches winter night shelter for Iwo monlhs during JanlFeb We have seen toth our Sunday mL¥ning and Sunday evening congregations growing in numbers Church Staff In addition lo the Minister. we have continued to èmploy our Japanese Mission worker Yuki Maeda. Our Women's worker left lo serve in another church at the teginning of the year. Welcome addrtions this year have been the appointment of Reuben Hunter as our Asscciale Minister. Reuben comes lo us from a background of evangelism and church planting and the comrrencement of Andrew Kueh as our assistant minister workino under Reuben Hunter to develop his skills in preaching and church governance. W8 currently have volunteers working with us from the Unrted Stales - Kerslen Kazen volunteers at Hope Pregnancy Centre and Dawson Bean. who is seeking to understand ministry in the Unrted Kingdom. A number of our elders {Irustees) serve in our denominalion. Chris Cradock chairs the Gbbal Oversight Committee which works wrth churches overseas wanting to join the denominatson. Chris also serves on Ihe Candidate8 and Credentials Committee. Paul Levy serves on the Church Planting Commrttee and is a trustee of Grace Church, Hammersmtth {IPCI John Sifva served as a loan elder for Sl Petels List until Seplember 2023. We give ￿ntInUed support to a missionary from our congregation for his work in France. Flnanclal Revlow and R￿erVeS The church was in a stable financial P￿rt￿n al the end of the financial year. The maiorty of the charty's income is donations from church members and general giving has remained at a surtable level lo support the ongoing work of the church. At the end of the finanaal year the charty had total reserves 01 £2,742,20312023'. £2,663.2081 of which £85.48712023'. £70,350) were restricted and £2.620,39812023.' £2,650.4601 is invested in fixed assets. The remaining free reserves of £300,015 are in excess of the £45,000 minimum required by the reserves policy. We are grateful that a signifunt anount has been paid off against the building loan. Future Plans We are continuing to help expand the work of Hope Pregnanoy Centre and in this coming year hope lo open Ihe centre in Ealiw which will be open to public and from which the ministry will be based. We wish to prioritise paying off the capital on the building loan over the coming years. We are hoping to develop the work of a thurch administrator with a new starter due to begin in August 2024. We continue lo supp)rt Church Puqnts in London and are exploring vthat Fossibilrties there are to plant a church in Wesl London. We are continuing to train and should appoint Deacons and Eklers in this coming year that will strengthen the leadership of the Church. 8mong which is our assistant minister. Page 4 THE INTERNATIONAL PRESBYTERIAN CHURCH Ealing TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Iconlinued) Risk Analysis and Management The Trustees and Elders regularly considef the potential risks the Church encounters in the routine operations in which it is engaged. They consider these in connection with finance, strategic planning, operational. environmental and regulatory issues. Whilst they recognise il is not feasible to be involved in any activity without being subject to certain risks, Ihey hold the view their policies reduce these lo an acceptably low lev81 and do not believe any further action by them is necessary at this present lime. Based on these considerations. the Trustees and Elders believe Ihe mosl relevant risks, and the n￿an9 by which they may be miligaled, to be as follows.. Risks.. Reduction in income from voluntary donations Unforeseen repair work Plans for expansion Mrtigation.. We encourage and welcomé new members and attendees lo give lo the life of the church We undertake 8 regular review of church finances, by deacons and congregational meetings ￿lCe a year. We also actively seek funding for specific projects from outside donors We aim to ke6p financial reserves al Iypi¢8lly 3 months expenditure. TnIst￿8. R88pon8lbllltl08 The law requires those responsible for the adminislralion of charities to prepare financial statements for each financial year which give a true and fair view of the stsle of the affairs of the charity and of the Surplus or deficit of the charity for th8t year. In preparing Ihose financial slalements, they are required to.. select suilable accounting policies and apply them consistently., observe the methods and principles io tyle CharrtSes SORP., make judgements and estimates that are reasonable and prudent,. stale whether applicable accounting standards have been followed, subject to any matèrial departures disclosed and explained in the financial slatemenls,. and prepare Ihe financial statements on the going concem basis. They have overall responsibilty for ensuring Ihal the charity has appropriate systems of control, financial and otherwise. Those responsible for the 8dminislration of charFties are required lo keep proper accounting records which di￿lOse with reasonable accuracy at any lime the financial position of the charty and enable them lo ensure that the financial statements comply with the Charrties Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. For and on behalf of th trustees APLevy 15111 IL Page 5 INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF THE INTERNATIONAL pREsB￿ER1AN CHURCH Ealin l ￿pOrt to the charty trustees on my examination of the accounts of the Intemational Presbyterian Church Ealing Ilhe Charity) for the year ended 31 March 2024. Responsibilities and basis of roport As the charity's tnjstees you are responsible for Ihe kyeparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Act'i. I report in respect of my examination of the Trust's accounts as carried out under section 145 of the Act and in carrying out my examination I have followed all the appluble Th"reCt￿nS given by the Charity Commission under section 145{5)Ibl of the Act. Inde￿ndent examinorf• Statement Since the Charty's gross in￿rne exceeded £250,(NJO your examiner must be a member of a tM)dy listed in section 145 of the 2011 Act. I confim that l am qualified lo undertake the examination because l am member of the Institute of Chartered A£counlanls in EThJLgnd and Wales, vthich is one of the listed I>￿Ie$. I have completed my examination. I Confi￿ that no matters have cm lo rry attention In ￿nnectIOn with the examination giving rrt cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as requir&J by section 130 of the Act.. or the acwunts do nol wrth those records,. the accounts do not comply wrth the applicable requirements conceming Ihe fom and content of accounts set out in the Charrties (Accounts and Report) Regulations 2008 other than any requirement that the accounts give a .tn￿ and fair view. whth is nol a matter considered as part of an independent examinalion. I have no concems and have conk across no other matters in connection wrth the examination to which attention should be drawn in this report in order to enable a proper urKlerstsnding of the accounts lo be reached. Miriam Hicks￿ CTA FCA Jacob Cavenagh & Skeet 5 Robin Hc*)d Lane Sutton Surrey SM1 2SW 2024 Page 6 on QoCL)Q W U)LL THE INTERNATIONAL PRESBYfERIAN CHURCH Ealing BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Fixed assets Tangible assels 2,620,398 2.650.460 Current assets Debtors Cash at bank and in hand 10 76,214 323 825 400,039 48.916 279 623 328.539 Croditors." amounts falling due wrthin one year 11 42 Net current assets 285 735 Totsl assets less current liabililies 2,974,233 2.936.195 Creditors.. amounts falling due after n￿re than ￿e year Net assets 12 232 030 272 9871 Reserves Restricted funds Unreslricted incon* funds 13 13 85,487 2 656 716 70,350 2 592 858 Totsl charity fvnds Approv&J by the Trustees on by.. and suned on their behalf ISII I ILLt APLevy Chief Executive Page 8 THE INTERNATIONAL PRE5B￿ERIAN CHURCH Ealing STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash provlded by operating activltles (note {a) below) 98,973 128,140 Cash flows from investlng actlvlties Loan interest paid Payments for fixed asset additions Cash (u•ed Inl Investing activlti 113,8141 110,3281 {13,8141 112,0631 Cash flows from flnancing adivlti Repaymenls of borrowing Cash {used Inl financing actlvltles Net cash Inflow 44.202 31,860 Cash and ¢88h equivalents at 1 April 2023 247 763 Cash and cash equivalents at 31 March 2024 (al Re¢on¢lllatlon of net Incomo to not calh flow from opèratlng acllvitigs Not Incomè 78,995 75,438 Oeprecialion Loan interest paid Decreasellincreasel in debtors Increaselldecreasel in Creditors 30,062 13,814 127,2981 43,848 10,328 11,8941 420 Cash provided by operatlng octlvltl•$ {bl Analy818 of changès in nèt debt At 1 Aprll 2023 Ca8h flov Non