NETWORK IBCM NETWORK A Charitable Incorporated Organisation Charity Registration Number. 1182514 Report and Flnanclal Statements For the perlod l January 2014 - 31 Dec¢mb¢r 2024 IBCM NETWORK Report and Financbal Statements Contents Paze L•8al & Admlnlstratlve Inforniation R•port ofth• T￿￿¢5 Ind•p•b)d•nt Examlnerfs Reffi to the Trustees Statement ol Flnancial Activi Balanc¢ 5h•¢t Notss to th Flnanclal Statem•nts IBCM NETWORK Legal & Admlnlstratlve Infom)atlon For the p¢riod ended 31 December 2024 Chw4ty name Gov•rTrlng Docum•nt IBCM NeThY￿ wa> rets¢ered as a charitable I￿01￿0rated ¢)rrdfftisawn (CK)) ty the CF4rTty Comryussion for England and Wale$ I￿ 18 Marth 2019. and ¢an* k)ro beSng by thai acL Iu docU￿At is based ¢)n the Charity Cornmissi￿ model cortswvon f¢x •'F￿r￿lI0n. type ofao. with a Ilmi￿d nmber of mod￿￿30t)n$ To $4wr the CIO'S posiOon as a chariy whlth adwan¢e5 ChristRnity accwthng co thE obiert 5perified con51iiution. The CIO was ftYff*d w rake over tht work olthe In￿rnatIonal Brtthren c￿kneS ￿ Mitsion 118CM), between 1993 and 2019 operared on an irknNI and ad hoc basis to arrdnp internatit)nal Charlty R•ilstratlon No. 1182514 Prlnclp*l Addr•ss GLO 78 Strttk MotlwwdL UK MLI 3HE Trust••s strved durfng the finanual year of rep)rt andlor * co the da￿ of this report were {v•ith their ctsuw of r¢5id•Ke).' Phikp Barntt (Canada) until 12 December 2024 JO￿ Hwwy ￿rnesS {UKI 7 May 2024 Jotl Anthew Hernandez IUSAI Hadyn Marshall (St v￿Cent & Grenadlnes) until 26 luty X124 C￿V￿O Q￿ter0$ {AryeThonal since 4 November 2024 N*1 s￿nn¥¢nOTh {UK) Un￿ 17June 2024 Awom ThoYr4s Ilnd4) Frédénc Wakaven {Nether&nds) K•y M*n4¢m•nt Personnel Those Perso￿ ha*in¥ reSpN￿1b1rty for cry*rollI￿ directi￿ and the attNI1￿ of the ch¥ity. havlnz sigfirficant reSp¢)n$l￿11ry for the dar¢￿daY running of the charlty. are the ustees for the tim2 being ind in additIL￿ Dr Dayid smith in h1$ executive capacity as In¢¥nari￿1 Threcror of the tharrty. 8athk• rdays 8aftk London W2 4QG IBCM NETWORK Report of the Trustees For the perlod ended 31 December 2024 The truK¢es sd>mit ther report and firarK41 Matern￿tr for IBCM Netsvork fthe thirity, or"18CMN') k*r the period I january 2024 to 31 Decerrthr 1014. The wustees have ads)wd the W0￿$1•n$ of kcoun￿nI and Reponing by Charities: Statemetsr ol RecorThnended PrattKe appjicabk to tharltles preparlThg their accounts in accordance vrith the Financial Refftng Srandard apFIKablt in the UK and Rtpublc of Iretsnd (FRS 1021 effe¢dve I ￿n￿ary 20191- l. Strurtur•. Gov•rnanr• & M•naz•m•nt 1.1 Th• GO￿rnIng Docum•nt Thé governlng document Is a CIO 'fouThlaiioD' consuD￿ (based on the Charity Commlssion's model text) which came into force with the re8i5trat*)n of the CIO by the Chariry Comm￿lon for Enoand Wales L 18 Marth 2019. The tharity was lorrned to take lepl and managerial resP￿￿N￿￿ for the work of t*ha¢ had until then be*rt * Inform￿ Intwnatyonal youp initia￿lOrmed in 1991 to arranze glob￿ t￿lerent¢S for nadonil leader5 in the Chriswl Brethren movemenL a network o( now. some 40.CQO independent evangellul con8rèrdtsons to be fr￿fid In at least 160 prnent in rnany countries across rhe worl4 and in others N*ke often unseen and unvalued contylbudons ro qualiry oflrfe local eommufti¢*s. The charity's work kry leaders and acrmsrs encourages their efftttiveness ITh th￿r role5 in these conuega1i￿3 and rth¥orkk As re50urce5 PErnMC relief IJ given in coun￿e5 v*th¢re Brethren thUrd￿ afflicred by naunl tha#er5. The (rus¢ees recwize their duty under ETh￿45h aThl We15h law to have re8ard w the Chartty Cornmiss￿n.S l￿dance on the publit bts*efit whKh charities n¥J5t we rf aaiviiies are to be Charitab￿ They are Satisfied ¢haL In the way5 explained above. thwr ittmties 5ub5tsnval public benefit and do noc glve rlse to coynter-balancin8 harm. The atten￿0￿ of trustee5 has betn called co the Comnwssion's revised 8uidance of 2019 on public benefrt and they had reprd to 5hapng the woth of the Char￿Y. 3. FSMnclal Aevlew 3.1 Flnandal A¢tlvlty Flnanclal Pothl•)n The Statement of ￿nancial Acti¥w and Baknce Sheet ol the charity for the period from l January 2024 . 31 December 2024 are at Pages I l and 12 respe¢tiveFy below. T¢xal Income tr the period of operndon w £145.696 and expendirure £141,051 ylelthnz ¥ swtAu5 of £4.644. The balmce (arried for¥wdrd on 31December 2024 was £50NZ. 1¢ should be noted thaL for praeDol reasons the International txrector arbd the Adrinlstrat4y are each (lirecdy employed by bodle5 ID the countrie5 where they are and are seconded to IBCM Network which meets ¢he full c05ts of thelr empbymemt under vrtitten a8reements t*•ith the errployn8 bodie5 In Australia and IDty respéetively. The Fthan￿ Officer provides ser¥Ke5 to IKM Netw* Cont￿ as p#t p¢ytfoiio of contratts to proylde fin>￿id1 5eTritts w thfferent bodiE5. 3.1 R•%erve> polScy On basil ol their several expthence5 in ChriMHn str¥ice many ￿aT5. the vus¢ees believe thar In the grace ol God the financial needs of the will be provided as thry ari5È In ylnd*. the trustees believe thai monles received by the charity should be used in fwtherance of the charity's o¥ect5 as soon as k% prnaical and 15 con*stent wth tht orderty and 5tewardthp of the aydilthle Wbth irs strategic plans. The ¢ruxee5 tt*ntinue ro monbtor bts aAd ash Ilows carelulty, and adlust Irom period to perlod, to fit the ro¢al lunds availabte or promwd The tru5tee5' wm 1% to hold *) operarln8 reserve equivalent to six months budgeted expenditure. 3.3 Grant Maklng Polity The acti¥ityes whKh the charity ha5 taken over consisod prinapalx of a glow qtsadrennitl conference. Key to the 5uc¢ess of this conf*re•ce has been ha¥iTr¥ the re50ur¢es to make to indfvlduals to cover sorne ol the substanti￿ costs vthich they incur In attending the 8lobal conference Funds granred to 18CMN by bodie5 in a limtted range of tountries have been alocated to th￿. w cover C￿ler¢￿e fees and m*e a partial Contribu￿0￿ ro the varying travel 4thkh it was known wodd incw. Without such thiWbur￿n% ￿aderS from IA p•r¢i¢￿ Africa South and Solrtheast Asia, Latln Amerfca. and Oceania would be uNt4e to attend the tonftrence. The charity expecrs thaL as in thE Case of the 18CM8 onference in lune 2013. ir wll bE nete55ary to contmue to ￿ke ffor fv¢ure events. The charlty ￿11 also conslder whether. rf lund5 are availatA¢ grants should be made for other purposes f%ilitarlng achlvement ol its objett Pohcy on granr m•knnz will therefore be kept under rtvitw as theworkolthe charity. and a¥allablefund develop. 3.4 Value of Inpyt by volurteeys Consisfent the tr4thuon ofthe Brethren neTh¥orkv*thith the serw muth oftht work ofthe charity Is carried ou¢ by volunteern Whk the trusrees cwider thaL rfthe is io develop e1fettiv*￿, it is essentlal tha[ some ol it shouhj be Ca￿led our ty pernunent Pa￿ errployees. nevertheless 1¢ v*iN remain irryonartt thai there should be considerablt input co the work olthe charxy by ¥thJrbteers. both trustee5 and other5. That h•$ been the case ower the reF￿￿8 period Thls w(rt has siKnific3nt morley 5 worth to the tharity. bu[ k would be of qUesti￿)Ible accurary. to sefk to e5ubkth any [￿eaSe monwary fye vAth respett to it. 4. Responslbllitl¢s of trtht*•s for ¢h• FIn￿(la1 Statsments The wus¢ees are resp)nsible for preparing the report aNJ the financAt 5¢•t¢ments in aceordancewlth appli¢ablt law and Unlted Kingdom Generally Ac(ewed Ac(￿J￿try Pr3aice. Ch*rfry law r4uires the trustees to prepare finantial statements for eath ffinancial year whKh ghe i tyu¢ and fair wiew olthe sts¢e of affair5 of the charity and of its financi￿ fcf that Fer*Jd In pr*parww those fift￿£111 statementy th tyusrees ire rwmrtd tty. selecr accountini poli•es and thèm constsreAty. rrrdke ludgements and estwnatES thar are reasorubl* and prepare the flnandal s¢atements on the golng concern trAsis thless it 15 inappropriate ro presume tlHt the aul￿￿e5 of the ch* will cantinue. The trustee5 are responslble for keepwi8 proper atcountwry records V*hKh th5dose reasortable ac¢uraey ar any time the￿￿￿claI poyvon ofthecharityand enable them to ensure tha¢the financial statEmenu comply th the Charities Att 2011. The tru5tee5 ¥e akn respgnsible lor *rding the assers of the th¥ity and hence for reasonable steps the yebEntioti and detectitin of fraud and other rre8ularitles. 5. Approval The ryort of the trustees was by the trustees on 3 February 2015 and w8ned on rts be￿￿1 ty. Trustee- Fr•d•rlc W4kaven (thalr) IBCM Network Indep¢ndent Examlnerfs wort to the Trustees of IBCM Network (Trhe ¢h41rty) for the Peri<¥d endlng 31" D¢¢¢mber 2024 CharityNo 1182514 I re￿rt on the a((oynts of the ch¥iw fw the p￿d thjed 31" De¢ethr 2024. *thith are out on pays 11 to 18. The trustees are responsible for the prepaMioD of ts acojunts in Icctyd￿ ¥Ath the requireftwu of the Charides Art 2011 (the 2011 kn>. The chary'5 trustees conskler that an audit is no¢ reyed for thh >w sectiDn 14412) of the 201 I Att and thar an Ind¢pty￿￿E examina11r￿ 15 netded. As Independ￿¢ enrniner. it is my resP￿thI￿￿ tth. examine the acammts sectsn 145 ofthe 2011 ¢0 follow the prrKetses hid down in the General Dre¢¢W￿ &Y¥en ty the Chuiry Commlssion un¢kr settitin 145{5)Ib> of the 2011 Acc and My eXamInatN￿ was Ca￿led out In actordance with the GeTwal DSrecti¢xts ¥iYen by the Chty Commlss5on. An examination includes ¥ rvMewoftheac¢ourrtkng record$ kepr ty the charity and a comp¥i50n ofthtaccoLtnts presented with those reths. Italso includes Conshkntion ofany unusual item5 or dhsclosures in the accounts. and che seeknng ol explanations from you as wy such Ma￿er$. The procedures undertakerb do noc prwde all the thdence that would be requred in an audit and. con5equen*. no opinK*n is jven as to whether tht accounts present a 'true and lair view. and the report is limited to thtsst matters ￿ out In the staterneni below. IBCM Netw¢Yk Independert Exon￿￿*￿8 report to the T￿￿ee$ of IBCM Network fvr the perlod eftdlng 31" December 2024 Indep¢ndent Examin¢r's StatemeTrt In connettion v*ith my exaftynawK no mauer come to my attentio l. me reasonaNe cause to bef*4e ttr4L in ¥y Materi￿ respecL the requirtr))enrs'. keep aCcO￿tin8 records In acconla•Ke vAth section 130 of the 2011 kn. ¢0 prepare accounts %Nthich accord the xcountrq rect)rds aThJ coftwy ￿ the appli¢able requlrements c¢)ntemin¥ the form and cty)cenr olaccourts Set out in the char￿e$ Ikcounts and Reports) Regulations ILW)B (other than any requrement thac the accounts yve a'true and fair. ¥i¢w. which is not a mat¢er Co￿ld￿￿ as pm d an indepentht examination) have noi been me or I to vANth kn my Opin￿Tr. atten& to be reathed. Edra¥hm in 4)rder to erHWe a FYOW undersw* olthe accounts NAME: Kenne t Ondependent Exarniner} ADDRESS: I Campbell Lane ADDRESS: Hamllton ML3 60B IBCM Network STATEMENT OF FINANCIAL ACTivrriES Includlng income and expenditure FOR THE PERIOD ENDING JI DECEMBER 2024 Unrnstrictsd R•gtrfrted funth Totsl Futhds Prlor p•rlod INCOME FROM: (Nots 3) DonatiOll5 and leD¢ies Charitable activities 48.707 4I70Y 82.310 96.9•9 94981 487.270 Investment I)￿Me Total ￿(ome 48.707 94.91? 569.586 EXPENDITURE ON: (No¢• 4) Raising funtjs Charitable actyities Total expenditure 71166 71866 141.OS2 141.052 633.462 633.462 116 Net Income (Expenditure) <24,159) 24.OJ• 21.103 (63.876) Transfer5 (24.031) Net movement in Funds (121) 4.765 4.644 {63,876) R•tonclllatkm of funds Funds brought forw¥d Bahnce C￿led forward S.171 4•.228 45.399 109.27S 5.050 44.992 SlJ.042 45,399 All of the activities of the d￿rItY are ckssed as conuNi IBCM Network BALANCE SHEET As at 31" DECEMBER 2024 31 December 2024 Prlor period CURRENT ASSETS Debtors Cash at bank and in hand 50,042 45.399 CREDITORS Amounts f￿ling due within one year NET ASSETS RESERVES UnrestricTrd fuThJs 5.050 5.171 Restricted fund$ All of the ac¢iviDes of the d￿ri￿ are dassed as c(wrtinuin& The thariry has no reco8nlsed zains or losses othw than the rewhs for the yEar as se¢ ou¢ abov There are no mxtertal diffwffKes bet*rnen the 5￿p￿S on ordinary actlviw and the swplus for the financial year stated above. and ther historical cosc equivalents. The notes on page$ 13 to 16 fom) part of these financlal statements IBCM Network Not•s to the Finandal Statements for the perkxl ending 31" Decémber 2024 I STATUTORY INFORIIATION IBCM Network h a charity. established as a Charirybk Incorpornted Orzani5atK)n, regifftred in England and Wales. The charity's rewstered nwnber and reBi5tered offtt address Can be found in the Report of the Truxee& 2 ACCOUNTING POUCIES Basis of accountlnz The financial $tttemen￿ have been tryared in accordance wtth •c¢¢un¢inz policies set out in the now to the accounrs and ¢¢>mpty with the tharity's governN)g ￿0￿men( the Chariues Art 2011 aThl Accounting and Reporring by Charities: StatemwK of Recommended Pra¢¢ice 3ppli¢able to charities preparing their acc*Junts in accordance with the Ffftancral Reporting Standard applicable in the UK and Republic of Ireland publshed on 16 July 2014 (as amended by Update Bulletin I published on 2 February 2016). The charity is a pubhc benefrt Thwe are no matWAI uncenaintiEs affectiry the abuity of the dwity ro continue as a going concern. In adopting FRS102 for the firs¢ tthi)e no wior >Ear r￿berS have t•een affected. Income Income is recognlsed in the StstwnpJrt of FwwKial Act1¥it￿ when the ¢hari¢y becomes entitled to the resources the trustees believe the rtt￿pt of the resourres is wobable ar the monetary ¥￿￿e can be measured with suffKient reliibikty. Expenditur• Expendlwre is recognised on an acuuals ￿sIS as and Yknen a lerdl or constructive Obl￿t￿ arises. Governance Costs w￿ude tlw cosrs associated with meeung the constituknal and statutory requirements of the tharty and ind￿e ar¥J costs lir*ed to the strathlic Man￿￿ent of the charity. Goverrrdnce cos¢s are indth within Supw¢ cost& Fixed ass•ts Fixed a55ets are ststed al cort and new itwns ¢osting more than £i,fJY) are capitsknsed. Depredation 15 calculated $0 as to wrire off the cost of t￿e￿ assets on a 5tra¢ht hne basis over th e5timared useful lives. Taxation The charity 15 not Ilable to tax on it5 tharitable income as k)ng a5 it 15 applled for charboble purposes. It b not considered there are any xthttrs gi¥xry rise to a rax liability. Fund accounting Unrestricted funds can be used n accordan￿ with the ¢hari¢able oblecdves at the discretlon of the ustee5. Re5tritted funds can only be used for par¢raJtsr restricted purposes within the obie¢ts of the charity. Re5trittions arise when $pecrf￿d by the donor or vh*n funds are raised for particular re5trirted purpose& A full descrlption of each ￿ the is mcluded under Nore IQ 3 INCOME Analysis of Income Unrestrirted Fund5 Reglonal Conferences IBCM 819 Disarter Relief Prior Year Donations Lezacies Donations & Gifts Grants from Other Charities 1.063 5,395 47.644 76,921 Total 48.707 81316 Charltabl• Activitles Donations &Grfts Conference Fees 9.828 41252 371,354 Total 54.737 42.252 371.354 4 EXPENDITURE Analys15 of Expenditurn Charitabl¢ Acdvlti•s Staff & Contrattor Costs Conference Costs BTN ReOon•l Conferences IBCM 819 Funds Relief Year 65.143 126.059 5Q.641 483.383 Disaster Relief Grfts 17.54S Other Admin Total 7.n3 71866 24,020 633.462 50,641 17.545 5 PEOPLE RESOURCES There were no employees for the period covered by this report however the service5 of an internauonal directtt and an adminisrdtor were seconded to the charrty. 6 CREDITORS 2024 Pr•or period Accruals 7 MOVEMENT IN FUNDS The movements in Funds in the period to 31° December 2024 as follovn:. At I Income January 2024 5.171 4&707 Expenses Transfers At31 funds 24.038 1024 5.050 Unrescrirted (ll866) Restricted Brethren Trainin8 Ne¢work Disas¢er Relief IBCM 819 Europe & Rew'onal Total Fund5 3.665 3.665 24,707 41252 (17.545) 35.838 0 (35.838) ns 54.737 (50.641) 45.399 145.696 (141.052) 16.620 50,042 De$¢rlptlon and purpose of (unds and trnn5fÈrs Unrestricted Fund5 These are funds thac may be used for any purpose that lie5 within the aim5 and objects of the chariry as the trustees deode. Restrlrt¢d Fund5 Brethren Training Network This fund supports training initiatives on an internationa] IMSIS. a key parc of which ￿ a regular conference I￿nded by delega￿S from many countrie5. Dlsaster Relief This fijnd is for gifts that have come in for dirett trdnsfer to disasw relief projects that we are associated with. Reglonal Conference5 Thi5 fund comprises in¢ome for re8ional conferences. 18CM 819 This fund holds grants and grf¢s rK￿yed for administrn￿ve costs and sponsorship of delegatss to attend our main global ccffiferences. 8 TRANSACTIONS WITH TRUSTEES xpenditure There were no payments w trusrees in the period for their services to the charity apart from the reimbursement of out of p(xket expenses incurred by trusrees on behalf of the chariw.