THE INTERNATIONAL PRESBYfERIAN CHURCH
Ealing
REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Charlty Number: 1171604
JCS Accountants Ltd
5 Robln Hood Lane
Sutton
Surrey SM12SW

THE INTERNATIONAL PRESBYfERIAN CHURCH
Ealing
REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Contents
Pa9e
Reference and administrative details
Trustees, Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Statement of Cash Flows
Notes to the Financial Statements
10-17

THE INTERNATIONAL PRESBYfERIAN CHURCH Ealing
REFERENCE AND ADMINISTRATIVE DETAILS
Trustees and Elders
APLewy
C Cradock
R Hunter (appointed 1 April 2024)
A Little
P Lofthouse
ARae
J Silva
J Willcox
Chief Executive (Senior Pastor)
APLevy
Key Management Personnel
APLevy
Principal office
53 Dra￿on Green
West Ealing
London
W13 OJE
Independent Examiners
JCS Accountants Ltd
5 Robin Hood Lane
Sutton
Surrey SM12SW
Bankers
Lloyds
45 The Broadway
Ealing
London W5
Barclays Bank plc
53 The Broadway
Earing
London W5
Charlty reglstratlon number:
1171604
Page 1

THE INTERNATIONAL PRESBYfERIAN CHURCH Ealing
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their report and the financial staternents of The International Presbyterian Church
Ealing for the year ended 31 March 2025, which have been prepared in accordance with the Charities
Statement of Recommended Practice (Charities SORP (FRS 102)) and Financial Reporting Standard 102
(FRS 102).
Structure, governance and management
The International Presbyterian Church is a charitable incorporated organisation (CIO) formed on 14 February
2017.The assets and liabilities of the unincorporated founding charity, the International Presbyterian Church
Ealing Congregation, were gifted to 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 to do anything which is calculated to further its objects or is conducive or incidental to
doing so.
Membership of the CIO is open to anyone who (i) has been baptised, whether as a child or an adult. (li)
demonstrates a credible profession of faith in the Lord Jesus Christ as their Saviour and Lord; (iii) has publicly
declared and affirmed to the Congregation their profession of faith and ac￿ptanCe of membership, whether
verbally or in writing,. and (iv) unless the charity trustees otherwise allow, is not a member of any other church.
The charity trustees have discretion whether or not to admit a person to membership (a decision not to admit
must be supported with reasons and is open to appeal).
The charity trustees are responsible for managing the affairs of the CIO and are permitted to exercise all of
the powers of the CIO. All charity trustees must be rnembers of the CIO and may only be eligible for a
trusteeship if (i) ordained as an Elder in accordance with the Book of Church Order. {ii) is over 16 years of
age: and (iii) must not be excluded from holding the position by virtue of sections 178 to 180 Charities Act
2011. All charity trustees must 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, this then to be repeatedlrefreshed on a regular basis or as and when
appropriate.
Charity trustees may delegate their powers or functions to a committee or comrnittees within the Church. The
charity 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 finances and care of the
property to the Deacons.
One of the Elders (the minister Paul Levy) oversees the day-to-day running and administration of the church
and he meets formally with the other Elders regularly to monitor progress of the church and plan for the future.
His responsibility, for which he is paid, is to carry out pastoral work and the majority of the teaching on a full-
time basis.
The Trustees met on 10 occasions during the year to review the Trust's activities.
The Elders met on a fortnightly basis and the Deacons once every two months, and both reported to the
congregation at least ￿lce a year as part of the Annual General Meeting and a half-yearly meeting.
The key management 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) give of their time freely and only those Elders on the church staff received any remuneration in the
year. Details of Elders, expenses and related party transactions are disclosed in Note 7 to the financial
statements. The pay of the Senior Pastor and other senior staff is reviewed annually and normally increased
in accordance with average earnings.
Page 2

THE INTERNATIONAL PRESBYfERIAN CHURCH Ealing
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025 (continued)
Objects of the Church
The objects of the CIO are (a) to advance the Christian religion through the public worship of God and the
preaching and teaching of the Holy Scriptures of the Old and New Testaments., (b) 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 children's
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 to the
public benefit guidance published by the Charity Commission. They therefore always ensure that the church's
activities are in line with its objects which are set out earlier in this report. They seek to proclaim the teaching
and example of Jesus Christ. These are widely recognised by people of other faiths (and 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 services to follow and apply them in daily
life, as well as engaging in the other activities set out above and in the following paragraph, the church makes
a positive input into the community.
Revlew of Progress - 24125
The Trustees aim to continue the church's work as set out in the above paragraph and will continue to look
for other ways of pursuing the objects of the Church as set out earlier in this report, this is not limited to our
physical location as we meet as small groups both in person in people's houses and online via video
conference. 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
stands at 153.
The Church has deepened its commltment to the task of the public worship of God by..
Continuing to meet publicly for worship on Sundays, both in the 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 to enable those who were not able to 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 the main hall and has
seen numbers of 60 babiesltoddlers (plus carerslparents) in attendance
English language Class for women
Taking part in the Blythswood Shoebox appeal which sends shoeboxes of gifts to the needy.
Running a 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 living in West London. This ministry has continued to
meet three Sunday afternoons a month over the past year
The continuing work of Hope Pregnancy Centre as a Charity
We have reduced the loan on the building considerably to around £205,000
We host IPC Presbytery once or twice a year, which is where the leaders of our denomination meet
together-
We host a Theology conference with people coming from all over the UK and beyond with visitors
from sister churches in the Philippines and Eastern Europe
Page 3

THE INTERNATIONAL PRESBYfERIAN CHURCH Ealing
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025 (continued)
Review of Progress (continued)
On Sundays we have Christian education groups for both Children and Adults. We have run a Holiday
Bible Club for children in the community and 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 hosted Ealing Churches winter night shelter for two months during JanlFeb
We have seen both our Sunday morning and Sunday evening congregations growing in numbers
We have begun a Pastoral Drop in twice a month to allow people to access Pastoral care
Church Staff
In addition to the Minister. we have continued to employ our Japanese Mission worker Yuki Maeda, Reuben
Hunter has continued his role as Associate Minister and Andrew Kueh also as Assistant Minister. We currently
have two volunteers working with us from the United States - Kersten Kazen volunteers at Hope Pregnancy
Centre and Christopher Kitchen works with us seeking to help us reach out to the Persian community locally.
Dawson Bean has moved on from church staff at the end of his 2-year term in the summer of 2024. We were
joined in September 2024 by our first Minister in Training Harry Ovey who will be with us for a year in the
hope of going on to Theological College afterwards. Lori Cromie has joined the church staff as Church
Manager in a 3 day a week role.
We have been delighted to see 4 new elders Ordained in our congregation: Olly Mallett, Yuki Maeda. Paul
Felix and Andrew Kueh.
A number of our elders (trustees) serve in our denomination. Chris Cradock chairs the Global Oversight
Committee which works with churches overseas wanting to join the denomination, Chris also serves on the
Candidates and Credentials Committee. Paul Levy serves on the Church Planting Committee and is a trustee
of Grace Church, Hammersmith (IPC). John Silva and Jono Willcox have served on the committee for
admitting new congregations to the IPC. As an eldership we have helped Christ Church, Headington whilst
they don't have an eldership of their own yet.
Financial Review and Reserves
The church was in a stable financial position at the end of the financial year. The majority of the charity's
income is donations from church members and general giving has remained at a suitable level to support the
ongoing work of the church. At the end of the financial year the charity had total reserves of £2,910,715 (2024:
£2,742,203) of which £106,202 (2024: £85,487) were restricted and £2,618,047 (2024.. £2,620,398) is
invested in fixed assets. The remaining free resen4es of £186,466 are in excess of the £45.000 minimum
required by the reserves policy. We are grateful that a significant amount has been paid off against the
building loan.
We continued supporting a missionary from our congregation in his work in France.
Grant making policy
There are established processes by which the church gives rnoney to other organisations and individuals.
Mission partners are supported via grants to their sending denominationl churches l organisation. Funds
are raised for these as part of our regular allocated giving I special offerings I fund raising events.
Donations are made to other causes as needs come to our attention and funds available..
Future Plans
We are continuing to expand the work of Hope Pregnancy Centre and are working in partnership with
another local church Dean Hall Christian Centre to see a potential place for Hope Centre.
We wish to prioritise paying off the capital on the building loan over the coming years
We desire to buy a residential propety in the area to enable us to house future workers for the church
We continue to support Church Plants in London and are exploring what possibilities there are to plant
a church in West London
Page 4

THE INTERNATIONAL PRESBYfERIAN CHURCH Ealing
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
continued)
Risk Analysis and Management
The Trustees and Elders regularly consider 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 it is not feasible to be involved in any activity
without being subject to certain risks, they hold the view their policies reduce these to an acceptably low level
and do not believe any further action by them is necessary at this present time.
Based on these considerations, the Trustees and Elders believe the most relevant risks, and the means by
which they may be mitigated, to be:
Risks:
Reduction in income from voluntary donations
Unforeseen repair work
Plans for expansion
Mitigation..
We encourage and welcome new members and attendees to give to the life of the church
We undertake a regular review of church finances, by deacons and congregational meetings twice a
year. We also actively seek funding for specific projects from outside donors
We aim to keep financial reserves at typically 3 months expenditure.
Trustees. Responslbllities
The law requires those responsible for the administration of charities to prepare financial statements for each
financial year which give a true and fair view of the state of the affairs of the charity and of the surplus or
deficit of the charity for that year. In preparing those financial statements, they are required to..
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis.
They have overall responsibility for ensuring that the charity has appropriate systems of control, financial and
othep¥ViSe.
Those responsible for the administration of charities are required to keep proper accounting records which
disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure
that the financial statements comply with the Charities 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 the trustees
AfA/T
APLevy
16 December 2025
Page 5

INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF
THE INTERNATIONAL PRESBYfERIAN CHURCH Ealing
I report to the charity trustees on my examination of the accounts of the International Presbyterian Church
Ealing (the Charity) for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 ('the Act,).
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 applicable Directions given by the Charity Commission
under section 145(5)(b) of the Act.
Independent examiner's statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am
member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confinn that no matters have come to my attention in connection with
the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the Trust as required by section 130 of the Act,. or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Report) Regulations 2008 other than any
requirement that the accounts give a 'true and fair view, which is not a matter considered as part
of an independent examination.
I 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.
Miriam Hickson CTA FCA
JCS Accountants Ltd
5 Robin Hood Lane
Sutton
Surrey
SM12SW
22 Do(AknkJ2025
Page 6

041 roroin-
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cw(N

THE INTERNATIONAL PRESBYfERIAN CHURCH Ealing
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Note
Fixed assets
Tangible assets
2,618,047
2,620,398
Current assets
Debtors
Cash at bank and in hand
10
93.255
429 233
522,488
76,214
323 825
400,039
Creditors: amounts falling due
within one year
11
(56 563)
(46 204)
Net current a55ets
465 925
353 835
Total assets less current liabilities
3,083,972
2,974,233
Creditors: amounts falling due
after more than one year
Net assets
12
( 173257)
(232 030)
Reserves
Restricted funds
Unrestricted income funds
13
13
106,202
2804 513
85,487
2 656 716
Total charity funds
Approved by the Trustees on 16 December 2025 and signed on their behalf by:
Aff7
APLevy
Chief Executive
Page 8

THE INTERNATIONAL PRESBrfERIAN CHURCH Ealing
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Cash provided by operating activities (note (a) below)
205,297
97,930
Cash flows from investing activities
Investment income
Loan interest paid
Payments for fixed asset additions
Cash (used in) investing activities
1,816
(13,452)
(29 480)
1,043
(13,814)
(41,116)
(12,771)
Cash flows from financing activities
Repayments of borrowing
Cash (used in) financing activities
(58 773)
(40 957)
(58 773)
{40 957)
Net cash inflow
105,408
44,202
Cash and cash equivalents at 1 April 2024
323 825
279 623
Cash and cash equivalents at 31 March 2025
(a) Reconciliation of net income to net cash flow from operating activltles
Net Income
168,512
78,995
Depreciation
Loan interest paid
Investment income
Increase in debtors
Increase in creditors
31,831
13,452
(1,816)
(17,041)
30,062
13,814
(1,043)
(27,298)
Cash provided by operatlng actlvlties
(b) Analysls of changes In net debt
At 1 April
2024
Cash
flows
Non•cash
changes
At 31 March
2025
Cash
Loans falling due within one year
Loans falling due after more than
one year
Total
323,825
(31,667>
105,408
429,233
(31,667)
(232 030)
(173 257)
Page 9

THE INTERNATIONAL PRESBYfERIAN CHURCH Ealing
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES
The International Presbyierian Church is a charitable incorporated organisation formed on 11 February
2017. The principal office is 53 Drayton Green. West Ealing, London W13 OJE.
(a) Basis of accounting
These financial statements have been prepared in accordance with FRS 102 "The Financial
Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102"), "Accounting and
Reporting by Charities" the Statement of Recommended Practice for charities applying FRS 102,
the Charities Act 2011 and UK Generally Accepted Accounting Practice. The church is a Public
Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the church.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention,
(b) Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that
the charity has adequate resources to continue in operational existence for the foreseeable future.
Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial
ststements.
(c) Income
Voluntary income and donations (including legacies) are accounted for once the charity has
entitlement to the income, it is probable the income will be received and the amount of income
receivable can be reliably measured. Where material assets are donated to the company for its
use, these are capitalised at the estimated market value at the date of the gift and included under
income.
(d) Expenditure
Expenditure is accrued as soon as a liability is considered probable, discounted to present value
for longer term liabilities. Charitable expenditure includes all support costs in respect of the
ompany's activities.
(e) Grants payable
Grants payable are accounted for as they are paid over.
(fj Governance
This comprises all the expenditure incurred in meeting the constitutional requirements of the charity
and is included in charitable expenditure.
Page 10

THE INTERNATIONAL PRESBYTERIAN CHURCH Ealing
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025 (continued)
ACCOUNTING POLICIES (continued)
(g) Fixed assets
Land and buildings are included at historic cost. Freehold land is not depreciated. Where the
charity adopts a policy of maintaining properties to a standard that prolongs their lives and
enhances their residual value, the charity considers any depreciation arising to be insignificant and
the properties are not depreciated. Where the buildings do not satisfy these criteria they will be
depreciated.
Freehold buildings in the course of construction are depreciated when ready for use.
Fixtures, fittings and equipment are ststed at cost less depreciation. Depreciation is provided at
rates calculated to write off the cost less estimated residual value of each asset over its expected
useful life. as follows:
Buildings
Fixtures, fittings & equipment
over 100 years
over 3 years
(h) Debtors
Gift Aid recoverable and other debtors are included at the settlement amount due. Prepayments
are valued at the amount prepaid.
(i) Cash and cash equlvalents
Cash at bank and in hand includes cash and short term highly liquid investments with a short
maturity of three months or less from the date of opening of the deposit.
') Credltors and provisions
Creditors and provisions are recognised where the charity has a present obligation arising from a
past event that will probably result in the transfer of funds to a third party and the amount due to
settle the obligation can be measured or estimated reliably. Creditors and provisions are
recognised at their settlement amount. Concessionary loans are included at historic cost.
(k) Flnanclal Instruments
The charity only has financial assets and liabilities of a kind that qualrfy as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value.
(l) Penslon contributlons
Contributions to personal pension schemes are charged as they fall due.
Page 11

THE INTERNATIONAL PRESBYfERIAN CHURCH Ealing
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025 (continued)
DONATIONS AND LEGACIES
Unrestricted Restricted
funds
funds
Total
2025
Total
2024
Donations and gifts
Gift aid recoverable
423,414
143,113
566,527
383,628
INCOME FROM CHARITABLE ACTIVITIES
Unrestricted Restricted
funds
funds
Total
2025
Total
2024
Events
Bookshop
903
903
326
GRANTS
Unrestricted Restricted
funds
funds
Total
2025
Total
2024
Institutional grants
Mission
All Nations Ilford
UFM Worldwide
London City Mission
Ealing Churches Winter Night Shelter
Operation Mobilisation
European Mission Fellowship
Reformed Evangelistic Fellowship
Hope Pregnancy advice
IPC Presbytery
6,000
7,658
5,344
2,500
2,336
4,981
1,409
5,198
6,000
7,658
5,344
2,500
2,336
4,981
1,409
5,198
7,300
4,748
1,343
5,375
Total institutional grants
68,025
68,025
43,931
Individuals
Total grants
Page 12

THE INTERNATIONAL PRESBYfERIAN CHURCH Ealing
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025 (continued)
EXPENDITURE ON CHARITABLE ACTIVITIES
Unrestricfed Restricted
funds
funds
Total
2025
Total
2024
Grants (see note 4)
Ministry costs
Home Ministries
Sound System
Training costs
Travel costs
12,534
25
12,534
25
13,599
860
Staff costs (see note 7)
157 723
237 407
177819
Church running costs
Rent
Water Rates
Insurance
Utilities
Repairs and renewals
Loan interest
Building depreciation
37,189
145
10,714
17,847
12,804
37,189
145
10,714
17,847
15,905
13,452
16,200
10.077
16,463
9,576
13,814
3,101
13,452
104867
121420
Support costs
Printing and stationery
IT Software and consumables
Telephone and postage
Bank charges
Governance costs (see note 6)
Professional fees
Fixture & fittings depreciation charge
Miscellaneous expenditure
4,288
1,734
1,166
233
3,674
309
5,663
4,288
1,734
1,166
233
3,674
309
5,663
4,745
4,520
1,639
82
4,500
97
3,894
GOVERNANCE COSTS
Total
2025
Total
2024
Independent Examination
Accountancy
2,076
2,280
Page 13

THE INTERNATIONAL PRESBYfERIAN CHURCH Ealing
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025 (continued)
STAFF COSTS AND RELATED PARTY TRANSACTIONS
Total
2025
Total
2024
Salaries
Employer's National Insurance contributions
Employer's pension contributions
209,801
17,798
157.893
11,901
The average number of employees during the year was as follows..
2025
No.
2024
No.
Employees earning £60,000 - £70,000
A P Levy received remuneration of £69,297 (2024: £67,060) and pension contributions of £5,679 (2024..
£5,582) during the year as full time Pastor of the church. R Hunter became a trustee at the start of the
year and received remuneration of £69,297 and pension contributions of £2,079 during the year as
Associate Minister. These payments are permitted by the constitution of the CIO. No other trustees
received remuneration.
During the year, trustee's and Elder's travel expenses of £1,116 were reimbursed to 2 trustees (2024..
£1,107).
The total employee benefits of Key Management Personnel during the year amounted to £83,284 (2024:
£80,641).
Durtng the year, the trustees and Elders made total unrestricted donations of £52,443 (2024: £48,176)
and £8,191 (2024: £8,017) restricted donations to the charity.
The Charity agreed to the payments of £5,198 and £250 to Hope Pregnancy Advice Centre for
Pregnancy Advice and other small fees respectively in which J C Silva is a trustee (2024.. £5,375).
TAXATION
The charity is exempt from taxation on its charitable activities.
Page 14

THE INTERNATIONAL PRESBYfERIAN CHURCH Ealing
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025 (continued)
TANGIBLE FIXED ASSETS
Freehold
property
Fixture &
fittings
Totals
Cost
At 1 April 2024
Additions
2,741,753
147,113
2,888,866
As at 31 March 2025
2 741753
176593
2 918 346
Depreciation
At 1 April 2024
Charge for year
121.932
146,536
268,468
As at 31 March 2025
148 100
152 199
300 299
Net book value
At 31 March 2025
At 31 March 2024
10 DEBTORS
2025
2024
Gift aid recoverable
Other debtors
54,532
37,823
11 CREDITORS: Amounts falling due within one year
2025
2024
Bank loans
Tax and social security
Other creditors
Accruals
31,667
5,974
1,925
31,667
4,921
1,163
12 CREDITORS: Amounts falling due after more than one year
2025
2024
Bank loans
The bank loan is secured on the church property. Interest is charged at 5.40/0 and the loan is repayable
by 31 December 2047. Instalments of £46,590 (2024.. £105,363) are due after more than five years.
Page 15

THE INTERNATIONAL PRESBrfERIAN CHURCH Ealing
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025 (continued)
13 FUNDS
1 April
2024
31 March
2025
Income
Expenditure
Transfers
Restricted
Building Project Fund
Church Furniture
Mortgage Capital
Uxbridge Fund
Hardship Fund
Staff support
45,898
1.708
1,254
12,505
8,874
28,848
(16,553)
58,193
1,708
27.700
(28.954)
12,505
4,330
1,874
( 6,418)
79 684)
(102,655)
85.487
152,324
(28,954)
106,202
Unrestricted
General Fund
2 656 716
492 126
(373 283)
2 804 513
l April
2023
31 March
2024
Income
Expenditure
Transfers
Restrlcted
Building Project Fund
Church Furniture
Mortgage Capital
Uxbridge Fund
Support for Joanna McFarland
Support for Reuben Hunter
Hardship Fund
Green Man Estate
39,590
1,708
24,940
(18,632)
45,898
1,708
1,254
12,505
19,036
(17,782)
12,505
7,034
(2,361)
(44,425)
(788)
(1200)
(67,406)
(4.673)
4,673
55,000
1,349
15,248
8,874
8.313
70,350
100,325
(17,782)
85,487
Unrestricted
General Fund
2 592 858
337 794
291718)
2 656 716
The Building Project fund receives donations to fund the building project. The Church Furniture and
Mortgage Capital appeals are for new furniture for the building and to enable mortgage capital to be
repaid. Where fixed assets are purchased or mortgage capital is repaid in the year from the restricted
fund, a transfer is made to general funds.
The Uxbridge Fund has been established to help meet the costs of a Church Plant in that area.
The support funds are for specific staff members. Joanna McFarland left last year and the donors agreed
for the funds to be used to support Reuben Hunter so a transfer has been shown. During the current
year funds were received to support various staff members so the fund name was changed to reflect
this.
The Hardship Fund receives donations to support those in financial need.
Page 16

THE INTERNATIONAL PRESBYfERIAN CHURCH Ealing
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025 (continued)
14 ANALYSIS OF NET ASSETS BETWEEN FUNDS
2025
Tangible
assets
Net current Long terni
assets
Total
Restricted funds
Unrestricted funds
106.202
359 723
106,202
2804 513
2618047
(173 257)
2024
Tangible
assets
Net current Long terni
assets
liabilities
Total
Restricted funds
Unrestricted funds
85,487
268 348
85.487
2 656 716
2 620 398
(232 030)
Page 17