PLATFORM 67 CIO ANNUAL REPORT AND INDEPENDENTLY EXAMINED FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 DECEMBER 2024
PLATFORM 67 CIO LEGALANDADMINISTRATIVE INFORMATION Trusiees Mrs Rachel Iley (Chairl DrThomasThorp Mr Michael Cornall Mr lan McBirnle Key Managemem Personnel MrAndrew Dudgeon Mrs Pamek Dudgeon Charttynumber 1191045 Rewstered office 89 Worden Lane Leyiand PR253BD Independent examlner OINer Grills FCA J A Fell& Company 40 Hoghton Street Southport PR90PQ Bankers Rebance Bank Limited Faith House 23-24 Lovat Lane London EC3R8E8 Bankers LLoyds Bank PO Box 621 Craigavon BT64 9EN
PLATFORM 67 CIO CONTENTS Page TrLBts¢$' roport IrKlgperKlontgxaminge¥ report ststgmgnt of finan¢lal a1¥111¢$ Balan¢e shett io Notss to the financial statements 11-14
PLATFORM 67 CIO TRUSTEES. REPORT FOR THE YEAR ENDED31 DECEMBER2024 Thetru5tses presemtheirannual report and financialstatements knrtheyear ended 31 December21Y24. Thefinancial5tatements have been prepared in accordance vK(hlhe accountingpubcies Set out in note Itothe financial statemenis and c0tnplyththe chartiys go¥emingdocumem. the Charities Act2011 ana"A¢¢ounting and Reporting by Charit5- sraiement Recommended Practice appticabletocharilles preparlngtheir accounis in accordance wtth the Financial Rery)rtingStsn(JarO Jppbcable inthe UKand Repub16c of Iland IFRS 1021. leffeuive ljanuary 20191. Objectivesand actNittes The chantys objects a. to advancethe chsHn religion bythe proclarnaiion and furtherance otthe Gospel ol God coft¢ernifjg his SOII Jesus Christ our Lor(J and the prea¢hingand teachingof Ihechristsan faith inthe Unrted Kingdom3nd eLsewhere.' and Ille preveOn orietief of povertywortOw¥Je. ty. notmned10 proidinggrants. rtems and seNbces to indiwduais in need anttlor charItS. ortoother organisatK)ns thatareworkingto pre¥entor retieve poverty. The Chaity ¢arries outthese obje¢ts byprociaitnin& teachingane informingthe Christian public. investing resources in helping churches inlhe2r Bibbcal undeiststldingof ERi$5ion. In addtion. the Charty makes granis io appropriate illstitutionsto achieve irs objefflsespecially arnongihosewth leasi Christian awareness. The aims oflhe ch3rftya.. ensuringihe Goo(J News ollhe Chrlsifian message Teaches thosewho have ieastopportunityto heartt Bibleteachlng in churches. grani-makingio ministsy partne w[thSmwÈ can tl)rktOgetherfOrth& sake ofthe Gospel. and generaiiThginlomied prayerlormissioTraryen(JeavuJr. Thetrustees have paid due regardtoguKlan¢e issuefl tylhe Charity Commission ifi decidingwhacliitiesthe Chartyshouid yndertake. The charffy is an active member of GlobaLConnections. Ihe tM)ty Pfoviding¢)verSighllorChris1Tr agenc in the UK. *aff of PLatlorrn 67 participated in trainingopporrunffies prowded. Piattom 67 hèsworkediowards its chèrtralAe objects duringtheyear andthe foiiowngsummaries of achievement5 indicate the workwe have carried ouiin 2024. Page I
PLATFORM67CIO TRUSTEES. REPORT (Co1NVED1 FOR THE YEAR ENDED 31 DECEMBER2024 alTO ènsurètht GTrJd N8ws oithechristian me55age reaches thosewho have Least opportunltyio hearit. In 2024. theeffects 0fcmtunresttrefeEl in marry places. Platforrn 67supported efforts in Thailand to help refvgeesrtowinga¢ross the borderfrom Mrdnmar.Thousand5 have iostlheir homes and are nowdispiaeed. The pros10Th ol rice and vegetables was a signfficarrtblessiTrgto tnany.A similar story unfolded in Manipur. InLlia and the charitywa5 pleased to supporr help provided by existing partners in the gIon. Several ministsieswere assisted in efftirtsio heipongoing ChrisliHnwitness. This included supportinga lon standingtheological college in PaEiswithfund5forsch¢Aarships. Encouragingly, evangeLlcaÈChrlstianity cont1nuestogW in France. The availabilEtyof the Bible in a mediurn people can U[ersnd arKJ acce55 ¥emaiThs an importaniyocus and accordinglyihe charity prowded Scriptures suitame torthe deat.the rton-liteiate.thosewithoutelectricityand sorne who have verha¢j a copy in iheirowm tanguage before. The Charitywas pleasedlo SUPPOrtthe provision otsoiaraudio 'bleS that have allowed gteater a¢¢essto Chiistianteaching. Supporting indigenous gospelworkers L83 W partof this wort. In 2024. ministry by local e¥angebsts was supported in Nepal. I13 andthe Phibppines. amongother places. This knclude(J the p¥owsion ol rNerboais lor eVangeSiS accessiThgcoMmuThitieserethere are Th) (oads and (fvers arethe onlymeans of a¢¢ess. In 2025, the trustees anticipate colltinuingto Supr rnaryof the cuffent projects at expanding into new areasvthere Piattomi67can make a diffence. blToemphasizt Bibleteaehingin churches. One of the Charitis desires Is lor rnore peopleto LNe their lives inthe UKwith a broad VKJrtthwan¢ th better under5tandirhg of the maaydNer5e nation5 in the world a[ h¢Mthe Christian faith impacts on everyone's life and the complex issue5theyface. The irusiees believe ihai ihe provision of Bibieieachingiochurches acrossihe cwnlry isthe bestwayto generate long-ierrn adveS lorthe purposesof the Charrty. Accordingly. desptte one ofthe chartys keypersonnel retirin& Èn 2024theChantym3itained a busyschedule of meetings across the United KingOom.We are exrremelygratefulforeveryopportunityto speak in churches and forthe ionstarbdingconfiden¢e displayed byso manyinthe wothwe do. Flansfor2025 include devetopingnew conlacisand opportunitieswhpie possime. extènsNè Schedule Df meetings hasalready been piepared aswe empha5ise Bible teachingacross chuiches wemsit. This interest from churches is a bealthyand encoUrang indicatorof corKeTh forchristian vffjrkwortdwbTde. Page2
PL4TFORM 67 CIO TRUSTEES. REPORT(COPINuEDl FORIHEYEAR ENDED31 DECEMBER2024 ¢1 To makeyant$to mlnlstypartxetswlthwhom wecan bestwOl0rthSak¢f thegospel As a means to lulfiuingits charrtabie otsjects.the Charrty enjoys partnershipswith otheichafities arvj non-profits with 5irniiar objectives. Every partner recetvingftjndingundergoes a proce55 of due ditigeTrceto ensure accouniabiuty. We are gratefulto God torHis provisK)n an010 so manywho have exertised coTrfiUence in the workof Plattomi 67. This etworkof existing relationships and partners has auowed the Charityto respondwith speed arKI efficiencyto local eed5. Plans for 2025 inciudefaceto face treting5with as mafty partners as we are able. We regar¢lhese opportunrties as vitsl elements in sustainingtrueO ye.0ships. open communution. an(J healthyaccountability. dlTo generate informed prayerformissionaryend¢avour. The ¢hariVs main avenuelor rèportingremains its magaane. Thiswas issued to au subs¢rfbersthreetimes in 2024 providingfeedbackfrom benefKianesasEl&aS informed waysto engage in prayer. In arjdltion, the Charrty issued weekly emails detaiting pwerand project news io subscTibers. The quaiitymaterlals as51St people in theirchristian dutie5 and and we therefore aitnforaswide a di5tribLrtioTr a5 Possible. Grant maklng pollcy Thetr¥Jslees have agreed thatthetrre priorilorIUndnd3Te= al The advancemenr of thechriwan laithtmthin localcomrnunities across the wortO. but particuiariywhere1he Gospel is least known.. bl The Ye"e1 of povertywithin iocalcommunin"eSar aMongthertd'5 depred neertypeoples.wth parbcltiar focus or¢where the Gospel is Leastkrv)wrk. When gffts are ma(Je io extemaEorganisations. extensNe research is urmlertakento ensutethe Charity knows its partners an(J beneficiaries. Aildue di1¢ prOdureSwere iewewd in 2022. The criierLa consK1ered bystaff and Iru5tees inciu¢Je'. . COnstenCY ofthe proJectth PLorn 6T5 obieth4ts The potentkil for sw3nffi¢ant pubtr l)enefit The level of rk lo PL3tfotrn 67 The darty. measurabilty. and achvdbilty of9oaLs Tro partneffs abilty to realise the goaL Peer review5 and reports of the partner The partnetrs pasleffectNeness in d8fverirwJ prDieLts Clarity of ts parb)ers governan systems Presence of finanual a(wunlability slnthres and contrd systems Reliability Df reporting CharlI5[[S The clarity. measurabslity, and achwabilityotgoals These are iong-5tsndingcrtteria that have seNed thecharrtywetL TheChaTitydoe5 notinvTte application5forgrants butgrantsto partner agencies areone ofthe mechanLsms bYich itsgoalsareachieved. Page 3
PLATFORM 67CIO TRUSTEES. REPORTICONTINUEDI FOR THEYEARENDED31 DECEMBER2024 Aehlevements and perfom)ance Some ofthe highlightsof the Charity'swork in 2024a-. A busy roster of church meeting5 acr055the Uniled Kingdom provided a platlorm foydeveiopingthe Christian faith asit is practiced and experienced. Close 10 2500 diwtal BibleswEre distsibuted tothosevthoare rn-lIterale.The$eare soiar-FN)wered Blblesfoiaieas eff-grid and see a irital role in disseminatingtheChEt5tian message. ThoUndsmo[e copies of God'swordwere provided on SIM cards in South Asia. Translation woikwas supportedlor avisualversion ofthe BiblefortheEstonian sign4anguageforthenon-ilteraie deaf so that the Bible can bevideoed and viewed on rnobiie piattoFm5. Bible translation was alsosuptyxted fora Min0ntynguage in EastAsia. fvogresswas made in tomrfeting Luke's Gospel. DiscipLeship materialsre tnade available ¢ma secureappforthosÈ ¢omingiofaith ÈnwestAfrica. The 2024 Pafls Olympics otrered a significant piattomfoChristian wikness and accordlngiyscriptuies were provided in various languages lor street distribution amongisttor5tothe city. Longterrn inveslment in the ctturch in France was helped through scholar5hipslorstttdenls at a Frenih Bible trainingcouege. The charity continuedto help workamongmigrani cornmuniiies iRSpain. Renovatlonswere carried out at 2 culturalcentre helping NorthAfricans better settte into Europe through language classes. SimiLareffortsto helpthe lesS-pri1eged took place in Athens. Greecewherealongwih the provision of food and showers, relationshipswere developed those eTrduringhornelessne5S. The charitysupported similarwork in 8osnia.This also offered¥clOnaItralIng in an effortto provide long-temi solutions. This was a newpartner IDr2024. There was a Eenerous responsetTom donoTStotheterribieeventsin Myanrnarvtherefl(K)dsdevastated iwes. Fi>od and basic medicine distribution and sheiierwere provlded in the immediareaftemiath. Manythousands of emaiiswere sent providingprayer rnaterlaiseueryk in theyearlorchurches and IndlduaLSto freely use. 15,000 NewTest3rnents printed in mtnontyindian languages forlree distribution. Localevèngelistswere supported in Phiuppines. Paknan, Nepal. BraziL among others. Workwas supported in Indla that provides neightk)urhO[ Bibletiub5 along¥h basic hyyJ"eneand edtjcattonal heiplorthose mostin need. nancialrevlew ThetJU5tees set the reserves p0Cysh01d such funds ever be needed, maifflainlnga p¥udent levelof reseryestoensu stabikntyand flexibility. It Isihe policyofthe Charttythat unrestricted fUndsl¢h have notbeen designated lor a specific use shoulil be maintained ata levelequivalentto six Months, expenditure. ThetnJsteescon51dertttTeSeNes this level wllensurethat, in the event ofa signrficant drop infundin& theywUt*abletoconUnuethe cbanvs currentactmiwwhile consideration15gfven tObYdy5 in which additionallunds may be raised. Incorne forthE Trust isgenerated almost entireiyfrorn voluntary¢Jonation$from membersofthe publlei08ether%th a small amount of bank intereM earned on retainedfunds. The attached accounts showthatdonauonsancs bank interest receNe(S amountedto È434.770 duringtheyearl20f8: £403.4241 vthitethe expendituretotslled £407.23812023.. £392,138). leavlnga suiplusforthe yearot£27,532. Grani-making support continwlto be stron& refiectifigthecornmitinent of supporterswho have geneiouslygNen to meet the neerjs ofothers in the laceof enoffjK)usOobalchaLienges. The Chartyiakes great careto ensurefunds are used in accordarkcewtth thestated aims and objectives. At315t December 2024. unresiiKtsd funds amountedto £126.681which includes E60,000 SeNe$. Itls Intendedlhatthe excess funds wtll bè distrii¥rted in the year ahead. Page 4
PLATFORM 67CIO TRUSTEE5' REPORTICONTINiIEDI FOR THE YEARE14DE031 DECEMBER2024 Risk policy In 2024.IhetfUSteesagain8sse55eJlheffjaiorrisksiowlu¢Ththecharnysexp05edand aresaii5fied Ihatsymems are inplaceto mitl8JTrexpD5ure iottrE tnaiorrisls. TneiÈadeisnipieamrewlaityi&?EwsthesystemsarKlproEeoUreswhhareinpEa¢QI0 m8nagelho5eris 8ndrewrtsiothe ivJarOoftrustees. ThÈtwomain lacedtylhelw51rema.The5e areihegrani-maknn8ixoce55aThlwilhtheihreatoft>bercr+me. InordertotsdOrÈssthese nsks. proced# bÉen IM placeioenswe IheettectJ¥e e0f Érants. Efforts are madeto knDWWèII the potential recipienis of graftis. andlo EnsuetheypossesslheskilL8. sys1em5aryjd1acrerlo makepropLY Ltseof Erants anoio coopefaTean¢ communKaieY4ilhth2 arYo$reW¥e0. Prèciicalstgps havekneentant0redErheth1e3I Df cyber-attacks. Effonsare m8dero eUleihat$I8ff th noi iEavellQ dan8eiousare3sondthèta sirorrftravelinsurarKe pa¢ka8ectr4ers£ilaff Iravel.AIIoihermajorinsurabler15k53resubjeCitDnomalinsurarecrfftrag2. includiTgoificeequipmeni. Data protectlon Platroim87Tecllgni5e51hai pwsothtl(5ata oloursupportersi5¥aIvable.TheTrustseeksÈmWbe$t pradiceinthewaywe gather. stotEand u5epeisoftaldaia. . We prod CfJnfKenbakty ol wifr)Thatith)aThJ As sewdyat ll¥rts. . we 40 not Pass 5UPPOrters' LlaS to aTyotlwcrwvy¢xcirW[¥Skn. We nÈithei sel gwthase tetS(XWI d&aIrTr par. Plattotm67'5Fin8Ke Man8gÈF 15responsYoleloidaT2 pletOn3nd1orkeep1ngvp1odalÉhgu70ees aswdl Js ensuringall ie5wnsertewcesènddata tapruieforniscomJyi¢hthe5pirirand nOIalaP101ec1logts1dinÈs. siru¢turg, yovernan£e and mana9gmont IheCharityisgo4emed bytheCon$tllviioDesièbbSIMtletheChatNyiegtsrÈrÈfjon27¢hAug2o>j.Thel$ieestho seNe(J OUrg IheyÈarof Ihefinancialsiaiementswwe." Mr5R¥1(chbl1l. MrTlbxnasThorp. mrmichaeicoalIandMr13in McBifnie. Tru5reesares¢cI¢dOn1heba5ISOfrhe1XoYl@adètshIp5IIs.nSstharywdreneeMPerlenÈtajersity11ia1iY bringio 1heirteets0dy.asweII8SrherinIethtyb pÈrformttirbJth)nsastrustÈes. AIITrUStee5m5 bElullysuprtWe oltheÈihos and¥3lues¢ttheor8a)lSiorL AU3ppiopfiaiechecks3retakentoensurett4ia wospe¢ir4einJsioÈ tSbothebw"eand su(tJble to act Inihistapacity.Allifu5tÈes receive backgiouno infoimationontheworkoleharity. itspoloiesand practices. Ntwtweesareatso encouragedto usethe Charitycommission pUbcoll0n-HoWIo0eÈn EffeciNe ChatltyTrusiee-. Theboardoltru5tees isiequiredbythevu51 deedlo bel1301p [bEr. rhedayto dayoper31ionsolihech3iily15 undErlIcontI0i0r1Is1oÈ[5hiplm. The leoueiship ieam oportstDthe chaiiol tiusteeson a regu13rbasis. 3ndfullmeeiin¥s of theirusieesiake pLatereguL4fLyrhtoughoutiheye31. Keytn8n8gementptrsoThnel iemDTheratitiR The trusteestonsl1the b03rdoiifL6tees3tKJme senwsiatttoDeihekeyEnanagppeFs0MQioTtTheCr1fy. reswJnsiblefor dirottingand controllingihechaiity. t4ore[nurèl1onylasp&XJllhelrsIee5.Yreffl0roofiOf the$tèttis rewewed afjnuauyby The UsIeS. rewrtvia5 aiyo%& by ol TIlEe5. Pages
PLATFORM67CIO INDEPENDENTEXAMINER'SREPORT YOTHETRUSTEESOF PLATFORM 67CIO I reporttothetiusteeson myexamlnati(M) olthe financiaismementsof Piattom)67CIO (the chatitylfortheyea¥ ended 31 December2024. Responsibibtiosand basis of report Astheiyusiees ofthechantyyou are responsible foi the preparation ofthefinancial statsments in accordancelth the requiremems oftheCharitieskt2011 Ithe2011Acll. I report in respectof myexaminaiion ollhecharivsfinancial ststements carried out under section 145 olthe2011 ACL In carrying out rnyexaminaiion I havefollowed all ihe appU"cable DirectionsgNen bythe Charitycommission under section 14515llbl otlhe 2011AcL Independentexamlnefsstattment Since rhe charity'sgross income exceeded £250.OOOyouTexarninermustbe a mernberof a bodyli5ted in 5ectioD 145 olthe2011 Act I confirm that l arn quabfiedto undèrtake the èxamination because l am a memberof ICAEW, which is oneofthe listed bodles I ha¥ecomNeie(J my exarnination. I c0nfirMthatrMatters ha¥ecNneiO myattertion in ConneI0nWlththe eKamiTration gmngmecauseto believethat in anymaterial$pe¢t accounting recordswere notkeptin respeciofthecharity as required bysection 130 olthe 2011 Act: or the financial slatemeffls do accofdimthlhose COrds.0[ the financial statements do not cornplywith the appticable requÈrementsconcerningthefom) and contentof accoLLnts set oulinthe Chartties IAccounts and Reportsl ReguLitions2008 otherthan any¥equirementthatthe accounts gNe a true andfairwewwhich is not a mattel considered as partof an indepenttentexaminaifion I have no concems and have come across no other matters in connectionwrth the examinath"ontowhich attention should be drawn in this reportin oiderto enable a propel undetstandingof the financial atements io be reached. Olfver GrlllsFCA Date Chartered Accountant J A Feu &Cornpany 40 Hoghion Street Southport PR9 OPQ Page8
PLATFORM 67 CIO STATEMENTOF FINANCIAL ACTivmES INCLUDINGINCOMEANDEXPENDITUREAccouKr FOR THEYEARENDED31DECEMBER2024 Unrestricted Restricted Funds Funds Total Unrestricted Restricted funijs funds Totsl 2024 2023 2023 2023 Notes DonatlOn5 legacies Investments 319,884 3.107 111,779 431.663 3.107 303,0 97,838 400,844 2.580 Total Income 322.991 111.779 &W.770 305,586 97, 403.424 Charitable activities 297.001 110.237 407,238 296,646 95,492 392,138 Net incorne fortheyearl Net movement in fvnds 25,990 27,532 11,286 Fund balances at lJanuary2024 100.691 2.639 103,330 91,751 92,044 Fund balances at31 December2024 126.681 4.181 130,862 100.691 2.639 103,330 The staiernent of financial actiM*es includes 311 gains and losses recoBMised in theyear. All income and expenditure derNeftom continuingactmtjes The notes on pages 9t0 14fonn part ofthesefinanclalsiatements. Page 7
PLATFORM 67 CIO BALAf4CE SHEET AS AT31 gECEM8ER2O24 202 2023 Noies Current assets DeLl#f io 2,494 130.488 132,962 12.1001 2.922 102.328 105,25n 11.9201 CD5M JtbankJn¢ In hano Credilors amouD15 1allingdveFlhln tsrbeyear li NetcurrÈniasseis 120.862 103.330 Incomeiunds 4.181 126.681 2,639 100,691 Totalcharity funds 13D,862 103.330 TheliDanciaS siaieiiients¥*re &ppiiNeo Dy LheTiusteeson..... M¥ThoinasThoip / YrusteÈ Trusiee Ihc notes on ge5 910 14 form p3rtottbe5e financia151aiements. Page 8
PLATFORM 67CIO NOTESTOTHE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 DECEMBER2024 AccounlfingUcles Charbtylnlomiatfjon Plattorm 67 CIO is a CharitaNe Incorporated Organisationgovemed byits constrtution dafrd 27thAugust 2020 Aecountfingconventlon The financialsraierneNrs have been prepared in accordancewiih the charfvs trust deed, the Chaiities Act 2011 a"ACCoU$ll5ng8nrt Reporting byCharilies= ateMeTht0f Recommended Pract&ce appticable to charities preparingtheir accounts in accoroancewnh Ihe Financial Reporting stsndard appkn"cable in the UKand Repubbc of Ireland IFRS 1021" las amended toraccounting periods comrrTrcingfmm l January20161. The charity is Public Bènèfit Entttyas dèfined by FRS 102. The charty hastaken advantage ofihe pm¥isions in theSORP lor charities applyfing FRS 102 Update Buiieiin I notto prepare a Statementof Cash Ftty•ts. The financialstsiernenrs are prepared in sterU"ng. which is the fUnlOnal currency olthecharffy. Monetary amounts inthesefinanetalstatements are rounded tothe nearest É. The financial statements have been prepared underthe hisioricalcostcorNents)n.The pttncipala¢¢ouniing policies adopted are setout below. Goingconcern Al the time of approwThgihefinancral siatements.theirustees have a asOnable expecMioTrthaithe charity has aoequaie resourcestocontinue in operationalexi5tence forthefweseeable future. Thus thetrustees continue to adoptthegoingconcem tSIS ol accouftting in preparingthefinanckilstatements. Charltablefunds Unrestricte(l ftJn(Js are aalIable forusè atthèdiSCr10n ofthe trustees infurtranCeOf their charitable objectives. RestTiCted funds are subjeclto 5pecfficcondrbons bydonots asto h(w4thtymay be used. The puwse5 an(J uses otthe resiricied funds are sei out in the note5tOlhe financial stsiements. Endowmeffjfun(Js are subJ"ectio specffic con(JKiOn5 tydonois Ihaiihe capiial must be maintalne(J tythe charrty. Income Income is recagnised when thechatity islegallyentitled to itafterany pertom)ance conditions ttave been met. the amounts can be measured retiably. and it 15 probablethat iome(L be reeèwed. Cash donation5 are recogniseo on receipt. Other donations are recogni once the charity has en notthed ot thè (lon10, unless pertormanceconditions require deferralof the amount. Incorne tax tecoverame in relation to donations TeceNed under GftAid ordeeds of c(wenant is recognise(l thetime ofthe (JoTratlon. Legaciesare recogrbised on receiptorothernvise tfthecharity has been nofftfied of an imFendlngdisirfbuiion.Ihe amount is knovm, and ieceipi is expected. Eltheamount is not knoknTr.the legacy istreated as a contingent asset. GovernmentGFants Governmentgrant5 ate [ecoled atthe tairvalueotthe asset received or receNab1ebeThIhe is reasonable a55urance thatthe grafitcondiiions will be metand the grartswu be receNeO. Agrantthai specffies pertormance conditions 15 recognised in incomewhen the performance conditio5 are met. Where a grant does specbfy performance conditions n is recognised in incomewhenlhe proceeds are received or recewable. Agrant receNed befDrethe recogntknon criteria are s*tsfied is ognISed as a liability. Page 9
PLATFORM 67 CIO NOTESTO THE FINANCFALSTATEMEPlts IcoKnNUEDI FOR THEYEAR ENDED31 DECEMBER2024 Accountlne polEcles Ictyttinyeill Expenditure abiirties are recolsed as soon as there is a legaLorconstrUcQbEégi0n ¢omtnitiingthechartyiO Ihai expenttiture, rt is probabiethat settiemerrtwlibe required and the amoum ofthe obtigation can be reliably measured. Grant5 paydbie are payments madetothifd parn.es in furtheranceof the charitable objects of the trusL Grants payableare recognlsed whenthe offerof the graui ha5 been madeand Iheamount deiermined. Supportcosts and govefftance costs ha¥È been aprtiOnedtO chariiable actNitses on the basts of usage. Cash and ¢a$h equivalents Cash and cash equNaients include cash in hand. (Jeposits held atcallwilh banks. other 5hort-ierm "qUid investments With original maturtties ofthree rrM>nths or Less. and bankover(Jfafts. Bank overdrafts are shown wlthin boriowings in current babitities Employee benellts The costof anyunu5ed hOdaYenIJt[ernen1 is CogniSed in peri(#l Fnwhich ttemrAoyee's servlces are recewed. Terrninaiion benefitsare recognised Immediatelyas an exper*e charTtyiS demonstrablycommttte toterminate theempioyment of an ernployee orto pr(Mdètem)ination benefft5. Reiirementbeneflls Payrnents to detined contribution Miremem beneffts¢hemes are charged as an expense astheyfall due. Ciits¢aLa¢coufftingestimatssand judgenwnts Inthe applKation ofthe chaFtys accounting W"cies.thetrustee5 aTe required to rllakelud8ernent5. esiimaies and assumptions abosji the catyng am(HJntof assets ath1 ItabltIeS tNataTe not readilyappareni from other sources. The estime5 and associated assumptions are based on historicaLexperienGe and other factors thatare considered to be relevant Auualresults maydrfferfrorn these estImes. The eSMateS and un(Jeriying assumptsonsère leyte(1 on an ongoing basi5. RevisioTrsio aCCtyJnilng estirnates are recogni5ed in the period inwhich the estirnate is wsed wherethe revis50n affects onlythal period, or in the perio of the lsiOn and future periodsv•ttere the wsion affects both currelltandfuture peJiods. Page 10
PLATFORM 67 CIO NOTESTOTHE FINANCIAL STATEMENTS ICONTrNUEDI FOR THEYEAR ENDE031 DECEM8ER2024 Donations and legacie5 Unresirlcted Restsicted TotaL UnrestrÈcted Restricted funds Totsl funds lunds funds 2024 2024 2023 2023 2023 Donations and wfts 319.884 319.884 111.rn 431.663 111.779 431.6&3 303.008 303.006 97.838 4(ID,844 97.&38 400.844 Investments Unrestrfcted Unrestricted tunds (unds 2024 2023 Interest receNabie 3.107 2.580 Charftabie acUvllle5 Grant Mlnlsty Total Toial makl 2024 2023 Staff Costs rtyblishithg Cosrs TraveLCosts 47.272 9.373 8.733 2.505 67,883 47.272 9,373 71.792 8,387 8.517 3.751 92,447 Resources 2.505 67.883 Grantfufidingof actwities (see fte61 276.5SJ 276,593 239,500 Share of supportCOSts (see note 7) Share orgovemare costs (see note7) 30,241 1,140 30.241 1.140 60,482 2,280 58.271 1,920 307,974 99.264 407,238 392,138 Analysls bylund Unrestricted fund5 Restriaeofunos 197,737 110237 3.264 297.(X)I 110,237 307,974 99.264 407,238 Page 11
PLATFORM67CIO NOTES TOTHE FINANCIALStATEMENTSICOllflNUEDI FOR THE YEAR ENDED 31 DECEMBER2024 Grnnts payable 2023 Grantsto Inslttutlons: All Nations Deaf Bibles Evangelisk Mission France Mission Frontlines Gosend IMB 15,000 30,000 10.000 5.000 10.000 78.000 35,000 17,743 30,000 Is.000 ngar(Js Megavoicè Mi55ion India Missiontojews Missionwrthout Bordérs Nation2Nation Pioneers Radstock Startish Word of Ltte ctSffe Other 25.000 20,000 5,000 10.0 5.OlXJ 10,000 5.0( 52.250 10,000 Is.000 11,200 276.593 15,000 5,000 25.0 10,000 1,500 239,500 Support ¢osts Support Governanee costs Support Govemance costs costs 2023 Staff costs Overheads Travel Bank charges 47272 10.9)0 1.792 47.272 10.900 1.792 518 45,522 10,307 1817 525 10,307 1,917 525 Audiiyees 2,280 1.920 1,920 60.482 2,280 62.762 58,271 1.920 60,191 Analysed between Charitable actNities 60.482 2.280 62.762 58.271 1.920 60,191 Trustee5 Duringtheyear none ofthetsumees rece arypaymenL Page 12
PLATFORM 67 CIO NOTESTO TME FINANCIALSTATEMEKtS ICOlmNUEDI FOR THEYEAR ENDED 31 DECEMBER2024 Employee5 Numlwofemptoye85 The average monthly numbeTemployees ¢Juringthe peiiod was= 2024 2023 Number Number EmpiownentC05ts 2W23 Wages and salaries Social securityCOSts Other pensioncosts 79272 3,429 11,844 97,517 5,215 14,582 117,314 io Debtors 2024 2023 Amounts fa11illgduebthin oneyear Tradè debtors 2.494 2.922 li Ciedltors 2024 2023 mountsfaU2ngduewithin one year Accruats an¢J (JefÈtted irfome 2.100 1.920 Page 13
PLATFORM 67CIO NOTESTO THE FINANCIAL STATEMENTS ICOPlllMUEDI FOR THE YEAR ENDED31 DECEMBER2024 12 Restwleted Funds The income IndS ol the charrty include restricted fUS comprising the foLthAng unexpended balances ol donations and antS held on trustforspecrfK purposes. Movement infimd5 8aiance at 111124 Resources Resources Daslgnated Deslgnated Fund Balance funds lunds Transfers at31112124 Incomlng expended Bible Fund Frontiers Fun Showand Tell Fund On the Move Fund Te¢hnologyFund Love Europe Fund Pakistan Schools lund Greece 16 2.816 15.612 I201} 115.6121 I45) 62.214 39.051 25A45 162.2141 139.0511 125.4451 31 502 19.208 502 119.2081 37.692 137.6921 2.031 48.374 20.339 ISOAOSI 117.6581 11,8451 111,779 1110,2371 166,247 1166,247) 4.181 13 Analysis otnetassets 8en fvnds Toial Unrestricte¢J Jnds 2023 Restricted funds 2023 Totsi lunds furtds Fund balances at31 December2024 are represented by= Currentassetsi Iltabl-ties) 2024 2023 126.681 126.681 4.181 4.181 130.W2 130.862 100,691 l(K).691 2.639 103,330 2.639 103,330 Page 14