## PURSUE
Report and Accounts Year ended 31 March 2025
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
## **PURSUE**
## **LEGAL & ADMINISTRATIVE DETAILS**
## **FOR THE YEAR ENDED 31 MARCH 2025**
ADDRESS FOR CORRESPONDENCE Beechwood Salisbury Road Coombe Bissett Salisbury SP5 4JT GOVERNING DOCUMENT CIO Foundation Constitution dated 14 May 2020 CHARITY REGISTRATION NUMBER 1189518 TRUSTEES RESPONSIBLE FOR Antony Isaac MANAGING THE CHARITY Richard Bell Rt Rev Timothy Wambunya Anne Wardroper Peter Coggan-Lennox (resigned September 2025) Paul Southgate Thokozani Mkandawire (appointed September 2025) Philip Hawkins (appointed 27 June 2024 resigned August 2025) INDEPENDENT EXAMINER Lisa Darby FCA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB **INDEX** Page 1 Legal & Administrative Details Pages 2-3 Trustees' Report Page 4 Independent Examiner's Report Page 5 Receipts and Payments Account Page 6 Statement of Assets & Liabilities Page 7 Notes to the Accounts
Page 1
## **PURSUE**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31 MARCH 2025**
The Trustees have pleasure in submitting the Report and Accounts for the year ended 31 March 2025.
## **Objects of the charity**
The charity is governed by a constitution and is constituted as a charitable incorporated organisation. The charity's principal objects, as set out in its governing document, are:
The objects of the CIO, which are carried out within a Christian ethos, are the advancement of education, and the relief of those in need by reason of disadvantage, such as youth, age, ill-health, disability, financial hardship or other disadvantage as the trustees determine from time to time, anywhere in the world, in particular through the provision of grants, services, guidance and support for community and education development projects.
## **Summary of the charity's main activities and achievements**
Pursue UK has continued to support Pursue Kenya over the past year. We are grateful to be part of the on going transformation of lives. Below is a highlight of key achievements and the transformative impact of Pursue UK's support
Some key achievements from the last year include:
## **Community Development**
As we entered 2024, the level of available finances and guaranteed income was insufficient to fund the full work of Pursue Kenya. This forced us to make tough decisions about where to focus our resources. It is a privilege to look back and see where Pursue has achieved long term sustainability within the Community Department. The goal was always to empower communities to take ownership of their development and the team have succeeded in doing that. This has enabled us to shift our focus to the Education Department and by March 2025, the Community projects will be run solely by the community themselves.
## **Education**
The Education programme in Kenya continues to operate with a reduced staff team to complete the School Development Programme in our existing 50 partner schools and run the mobile library until at least the end of 2025. We continue to actively pursue funding opportunities for this impactful work to continue.
## **Looking Ahead**
We re-doubled our efforts to find funding within the UK, and provided additional support to the team in Kenya for them to apply for direct funding from other grant giving organisations, to release some of the burden on Pursue.
Page 2
## **Conclusion**
The focus of the work has shifted, now continuing with a narrower focus on education, and a renewed effort on increasing our funding efforts.
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
## **Financial review**
During the year Pursue received income of £47,341 (2024: £30,079), and spent £43,158 (2024: £35,630). At the year end the cash held by the charity is £16,964 (2024: £12,781), of which £14,047 (2024: £11,463) is unrestricted and can be used for any charitable purpose.
## **Reserves policy**
Pursue is committed to ensuring that it is financially secure and to develop a full range of mitigating systems to support this aim. The trustees have decided to set the reserves level at 10-20% of their annual expenditure. At current budgeting forecast, that is between £4,300 and £8,600 which will provide us with 1.5 to 3 months general operating funds should this be needed. We believe that this should be adequate to cushion us against any unexpected dip in income and still be able to support the ongoing work.
## **Governance**
Responsibility for setting policy and for making operating decisions rest with the trustees who meet regularly to monitor the activities of the charity. New trustees are recruited and appointed by the existing trustees, by a majority vote.
## **Risk statement**
The charity is exposed to various risks, be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.
## **Responsibilities of trustees**
Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
## **Approval**
This report was approved by the trustees and signed on their behalf by:
## Richard Bell
……………………………………………………….. Richard Bell (Dec 5, 2025 10:52:22 GMT+3)
Richard Bell Chair and Trustee
Date: Dec 5, 2025
Page 3
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF**
## **PURSUE**
I report to the trustees on my examination of the accounts of Pursue ('the charity') for the year ended 31 March 2025 on pages 5 to 7 following.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 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 2011 Act.
## **Independent examiner’s statement**
I have completed my examination. I 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 accordance with section 130 of the 2011 Act; or
2. the accounts do not accord with the accounting records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## Lisa Darby
Lisa Darby (Dec 8, 2025 10:17:44 GMT)
Lisa Darby FCA
Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
Date: Dec 8, 2025
Page 4
## **PURSUE**
## **RECEIPTS AND PAYMENTS ACCOUNT**
## **FOR THE YEAR ENDED 31 MARCH 2025**
|**Notes**
**_Income receipts_**
Donations
Gift aid receipts
Events
Grants
Sales of goods
Bank interest
Other income
**_Total receipts_**
**_Payments_**
2
3
**_Total payments_**
Transfers between funds
4
**Net movement in funds**
Total funds brought forward
**Total funds carried forward**
A
Net of receipts / (payments) before
Grants
paid
in
relation
to
charitable
activities undertaken by others
Payments
in
relation
to
charitable
activities undertaken directly|**Unrestricted**
**General**
**Funds**
**£**
26,275
3,881
940
4,000
1,240
34
103
36,473
3,089
30,271
33,360
3,113
(529)
2,584
11,463
14,047|**Restricted**
**Funds**
**£**
5,641
1,054
-
4,170
-
-
3
10,868
19
9,779
9,798
1,070
529
1,599
1,318
2,917|**2025**
**£**
31,916
4,935
940
8,170
1,240
34
106
47,341
3,108
40,050
43,158
4,183
-
4,183
12,781
16,964|**2024**
**£**|
|---|---|---|---|---|
|||||19,392
6,416
-
3,500
684
87
-|
|||||30,079|
|||||1,662
33,968|
|||||35,630|
|||||(5,551)
-|
|||||(5,551)
18,332|
|||||12,781|
Differences of £1 may appear in these figures due to rounding.
The notes on page 7 form part of these accounts.
Page 5
## **PURSUE**
## **STATEMENT OF ASSETS AND LIABILITIES AS AT 31 MARCH 2025**
|**Notes**
**A Cash funds**
Cash at bank with immediate access
**B Other monetary assets**
Gift aid due to charity
**C Liabilities**
**Falling due within one year**
Fee for Independent Examination|**Unrestricted**
**General**
**funds**
**£**
14,047
**14,047**
4,803
**4,803**
1,710
1,710|**Restricted**
**funds**
**£**
2,917
**2,917**
589
**589**
-
-|**2025**
**£**
16,964
**16,964**
5,392
**5,392**
1,710
1,710|**2024**
**£**|
|---|---|---|---|---|
|||||12,781|
|||||**12,781**|
|||||4,938|
|||||**4,938**|
|||||1,560|
|||||1,560|
## **D Guarantees and secured debts**
The charity has not given any guarantees and has not provided its assets as security for any liabilities.
The accounts were approved by the trustees and signed on their behalf by:
## Richard Bell
-------------------------------------------Richard Bell (Dec 5, 2025 10:52:22 GMT+3) Richard Bell Chair and Trustee Date: Dec 5, 2025
Differences of £1 may appear in these figures due to rounding.
The notes on page 7 form part of these accounts.
Page 6
## **PURSUE**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 MARCH 2025**
## **1 Accounting policies**
The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
|**2**
**Payments in relation to charitable activities undertaken directly**
Accounts preparation and independent examination
Office costs
**3**
**Grants paid in relation to charitable activities undertaken by others**
Grants for:
Education and community projects
**4**
**Movement of funds**
**Balance at**
**31 Mar 2024**
**£**
General funds
11,463
**Restricted funds**
Mobile Library
-
Education Training Officer Wages and Expenses
1,299
Education
-
Income generation
19
Souter Trust
-
1,318
**Total funds**
12,781|**Unrestricted**
**General**
**funds**
**£**
1,262
1,827
3,089
30,271
30,271
**Receipts**
**£**
36,473
2,395
5,473
-
3,000
10,868
47,341|**Restricted**
**Funds**
**£**
-
19
19
9,779
9,779
**Payments**
**£**
(33,360)
(2,924)
(1,105)
(2,772)
-
(2,998)
(9,798)
(43,158)|**Total**
**2025**
**£**
1,262
1,846
3,108
40,050
40,050
**Transfers**
**£**
(529)
529
-
2
-
(2)
529
-|**Total**
**2024**
**£**|
|---|---|---|---|---|
|||||-
1,662|
|||||1,662|
|||||33,968|
|||||33,968|
|||||**Balance at**
**31 Mar 2025**
**£**
14,047
-
194
2,703
19
-|
|||||2,917|
|||||16,964|
Education Training Officer Wages and Expenses: Funding for staffing and expenses for Education officers. Education: funds held specifically for general education projects.
Income generation: funding available to support starting new social and community enterprises. Mobile Library: Funding the provision of a mobile library to visit schools.
Souter Trust: Literacy Enhancement Programme.
Any remaining funds held in the two education funds will be transferred to Pursue Kenya after year-end.
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