2024-05-31-accounts

The Foundry International Ltd. (A company limited by guarantee)

Report and financial statements For the Year ended 31[st] May 2024

Charity number: 1200205 Company number: 11986581

1

An introductory note from our Chair of Trustees

As we look back over this last year as a team, we give all thanks to God the Father, Son and Spirit. You will see within this report that our Father has continued to build team and expand our financial strategy and allowed us to give away a good number of grants via The Kings Purse.

As trustees we are clear that this is God’s work and that it is one part of the incredible tapestry of His mobilisation of His people to live with power and authority in these extraordinary times.

We also acknowledge and give thanks to all those within the Foundry family and beyond who have partnered with us by regular giving and gifts; we are so grateful as these have enabled the charity to achieve all it did this year.

Despite the chaos of the world and the prospect of greater to come, we are confident that as we continue to partner with the Spirit we will walk in His plans – His Work, done His way, on His terms and in His timing – which will be for the glory of His name and the saving of many.

Julie Shew Chair of The Foundry International Ltd

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An introductory note from our Strategic Lead

I echo all of Julie’s thanks to God and His people – regular times in prayer and worship with folk from the Foundry continue to be one of the richest sources of encouragement to me and to many others. I also want to thank the Trustee team for their oversight and encouragement. We continue to be led by the Lord, in Word and Spirit, for all this work.

We believe that in 2025 the Lord is going to move with mighty power in the UK and the nations, for revival, reformation and for harvest. At the heart of the Lord’s vision for His people is the raising of spiritual sons and daughters who carry the likeness, the love and the authority of Jesus into every place he has called them to live and work. This is our vision as well, and we see the Foundry as one of many tools in His hand. Next year we will continue to build relationally both within and beyond the Foundry family. Existing works such as Sutton Community Project, Kings Guard, Servants Quarters and partnerships with Kingdom Embassy and the School of Word & Spirit will continue to be a focus, even as we pursue Kingdom alliances with churches and leaders in various locations and lean into broader connection and influence across the body of Christ. These are extraordinary days to be alive, and especially to be alive in Jesus.

Join us as we seek and serve our King in these days, and let us know if we can serve you in any way.

Akhtar Shah Strategic lead, on behalf of the Foundry Stewards team

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Contents

Reference and administrative information	Page 5
Charity Purposes and Beneficiaries	Page 6 - 8
Core work and outcomes 2023 – 2024	Pages 9 - 23
Financial review	Pages 24 - 29
Looking ahead	Pages 30 – 34
Appendices	Pages 35 - 40

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Reference and administrative information

Charity Name : The Foundry International Ltd Charity registration number : 1200205 Company registration number : 11986581 Registered office: 74 Manor Drive North, New Malden, Surrey, KT3 5PA Trustees and Company Directors: Mrs J Shew - Chair of Trustees Mr L Campbell - Treasurer Ms Z Woodhams Mr SAA Shah Ms D Kurosu ( Resigned 1[st] March 2024 ) Financial Year: 1st June 2023 – 31st May 2024 Independent Examiner: Charles Tait Accounting Limited Bankers: Metro Bank, Kingston Upon Thames

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Charity Purposes and Beneficiaries

The charity’s purposes are:

1. The advancement of the Christian faith through the creation and provision of training materials, projects, events and other resources in order to catalyse church planting, disciple-making, networking and collaboration across the wider church.

2. To relieve poverty or financial hardship across the United Kingdom and other nations of the world by issuing grants and providing the charity’s resources to individuals and organisations that strategically support and empower effective social and community transformation.

We review our aims and objectives on an annual basis – considering what has been achieved in the previous year and the focus for the coming year. We refer to the Charity Commission’s guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

The beneficiaries of the work:

Since the inception of The Foundry International we have been clear in the view that beneficiaries will be individuals, churches, charities, community organisations and businesses. While there may be some beneficiaries that feel more closely aligned with the Foundry on an ongoing basis, the products, services and support will be accessible to all beneficiaries.

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Charity Purposes and Beneficiaries – How do they benefit?

Charity Purpose 1 . The advancement of the Christian faith through the creation and provision of training materials, projects, events and other resources in order to catalyse church planting, disciple-making, networking and collaboration across the wider church.

We seek to see healthy Christians, more local churches and productive relationships across local church communities.

Christianity brings meaning to the lives of Christians and provides a wider moral and ethical framework to live by – with core beliefs around dignity, compassion, justice and community. This offers many benefits to society, as well as to those individuals. Providing Biblical and spiritual training, events and meeting spaces for prayer and sharing is the resultant lives that people lead - lives with a greater sense of well-being, purpose, meaning and connection.

As a result:

• people are encouraged and inspired to live socially responsible, compassionate lives focused on service to family, neighbours, colleagues, friends and the wider community.

• programs and services that churches provide, such as creche facilities, youth groups, community meeting places, and food banks provide benefits to the wider community and contribute to community health, education and development.

All services provided by The Foundry International in the pursuit of their purpose are available to the general public, irrespective of their own beliefs, background or financial situation. Where meetings, teaching or resources are provided online there are no geographical restrictions.

With a concentration of relationships and churches already in the South London area, focus will initially be given to local events in and around this area – but as noted already, there is no exclusion based on a person’s location or financial situation.

The focus of this work is for The Foundry International to serve Christians and churches, so they in turn can serve their local communities, as well as sharing with anyone interested the joy of what it means to be a Christian and to live a life full to the potential of the purpose for which God has made them.

More, and healthier, churches will be able to provide more and better services to their communities.

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Charity Purposes and Beneficiaries – How do they benefit?

Charity Purpose 2 . To relieve poverty or financial hardship across the United Kingdom and other nations of the world by issuing grants and providing the charity’s resources to individuals and organisations that strategically support and empower effective social and community transformation.

We believe Christians have a responsibility to fight against poverty and financial hardship and to support people in need.

A minimum of 51% of all charity income is set aside to be given away through The King’s Purse for redistribution in the form of grants and gifts. The trustees have determined that the current priorities for support are:

• The advancement of the Christian faith;

• Church planting and network opportunities across the Christian church;

• Relief of poverty or financial hardship;

• Individuals who can evidence financial hardship; and

• Giving to small and medium organisations or individuals, where there is likely to be a more significant impact (rather than giving to large or UK-wide organisations.)

We aim to give towards addressing the causes of and prevention of poverty as well as to direct relief of poverty - whether for one individual, family, charity or organisations that helps multiple individuals, families, or a sector of the population.

We also want to find other ways beyond financial support to catalyse work, support or instigate works that fight against poverty and financial hardship.

There is no requirement that any applicants for a grant or recipient of a gift share our faith or beliefs or attend our events/initiatives - therefore beneficiaries of grants can include any member of the public so long as the purpose for which the grant is sought is in line with The Foundry International’s charitable purposes, the criteria noted and any applicable policies.

The aim behind this purpose is to benefit wider society through lives that are changed for the better through relief of financial hardship, as well as through strategic social and community transformation.

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Core work and outcomes 2023 – 2024: Headlines

The target work for 2023-2024 was established around three areas of focus:

1. Teams

o Establish a new Executive Team to lead on strategy and direction of travel

Running the charity well

• On 20th July 2023 we established a “Stewards” team – this is the hub leadership team for the Foundry Family, the Foundry International charity and their related works.

• This four-person team meets every other week, with input from the various charity teams and is leading on strategy, reporting into the Trustee team.

• New rhythms of meetings for core teams, better articulation of roles, specific proposals regarding personnel and potential volunteers, and to designate team leaders for each of the 4 teams.

Running the charity well

• A new schedule of co-ordinated meetings was established for all core teams – across Trustees, Stewards, Operations and the Sutton Community Project team.

• There is more work to be done around establishment of these teams, but we have seen benefits of improved structures over this last year.

o Create a pathway for the recruitment of new trustees.

• A small working team was set-up to review our Trustee processes, as well as identifying future trustees and their recruitment and induction.

Running the charity well

• One of our faithful Trustees, Deb Kurosu, felt it was time for her to finish in this position. We were incredibly blessed by her diligence, faith and hard work during this formative time in the establishment of the charity. We released her with blessing and thanks.

• We also have identified several potential new trustees and started conversations with them about taking on this role.

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Core work and outcomes 2023 – 2024: Headlines

The target work for 2023-2024 was established around three areas of focus:

2. Finance

• Setting up the mechanisms for applying for Gift Aid and set a regular schedule Running the charity well

• In August 2023 we received our first Gift Aid payment from HMRC. We have established a schedule for these payments, as well as processes for Gift Aid forms from givers.

o The King’s Purse

(i) Ensure that there is a balanced focus on grants/gifts in support of both charitable purposes Charity Purpose #1 & #2

• (ii)Review the management, with a view to trustee oversight but a team to manage the process

  • We have re-worked our Giving and King’s Purse policy, following a wider review.

  • More details regarding the activity of The King’s Purse follow in this report.

• Continue with the prudent approach to using contractors, where there is budget and need Running the charity well > We have continued to use contractors and provide details in the financial overview.

• Review and improve as necessary our current financial processes, to ensure continued robust control over Running the charity well spending, adhering to budget and adapting to new opportunities. > We reviewed financial controls around bank account access, spending and signatories; and the financial reports and regular information provided to trustees.

• A new “Foundry International Finance Policy (Inc. Reserves Policy)” was also created.

• Consider the way we thank and inform givers about the impact of their giving Running the charity well > We have now started sending annual thank you letters to givers, along with an end of year summary of their giving to the charity and how the money was used.

• o Review our current sources of income and investigate other means of incoming finance for the charity Running the charity well > We have had conversations with a couple of individuals with professional experience in this area but have not yet implemented any new strategies.

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Core work and outcomes 2023 – 2024: Headlines

The target work was set around three areas of focus:

3. Activity

o Basecamp Online

• (i) Forge: Continue the current schedule of prayer meetings

• (ii)The Armoury: Publish the ‘On The Road’ series, and consider how to include a variety of voices and other media

• We still hold 3 regular prayer meetings across Tuesdays, Thursdays and Sundays – over 150 prayer meetings a year. On average there are 20 attendees, from a variety of backgrounds and locations across the UK, as well as from South Africa and Australia.

• We published 11 episodes of “On The Road” each with a different guest sharing some of their story. There were 1,019 views across our YouTube channel; and 358 podcast downloads, across 213 unique listeners in this reporting year (53.4% of listeners were based in the UK, the remainder across 13 other countries.)

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Charity Purpose #1
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o Website

• (i) Review our LinkedIn and Facebook pages and decide about whether to remove them or invest time

• (ii)Monitor traffic to the website and consider benefits of pursuing increased traffic, to allow wider access to charity services

Running the charity well Charity Purpose #1 & #2

• We have not invested any time in LinkedIn or Facebook but chose to leave the pages live.

• We have had some early conversations with a website designer around a refresh of our website and may consider social media channels as part of that work.

• Across the year there have been 949 active website users; 936 of them new users. And over 5,000 page views.

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Core work and outcomes 2023 – 2024: Headlines

The target work was set around three areas of focus:

3. Activity

o Continue to articulate how Servants Quarters will be established and run

Charity Purpose #1

• The purpose of Servants Quarters (SQ) is, “To gather, by the Spirit of God and in the name of Jesus, an exemplary and strategic table for men and women from diverse streams and contexts, called to apostolic mission and willing to serve God and one another in these days.”

> The Foundry’s investment in this work is:

1. For the Foundry International to serve and support key servants in God’s wider family in a way which fosters and models oneness across the body of Christ and thereby advances the Christian faith in support of the Foundry’s first charitable aim.

2. For this team to serve the work of the Foundry International by carrying some responsibility before God for key, specific aspects of the charity’s work.

3. For this team to provide exemplary servant leadership and care to the broad and eclectic group of beneficiaries known colloquially as the Foundry Family.

4. Over the last year there have been two focuses – providing more strategy and direction about SQ’s purpose and activity; starting to build community within the first cohort.

5. There are an initial 21 people in SQ, with two others acting in a prayer support capacity.

6. They meet online twice a week for prayer; there have been two in-person training events; alongside an active WhatsApp group.

7. A fuller strategic plan for SQ has been drafted and is under review by the Trustee team for the new year ahead.

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Core work and outcomes 2023 – 2024: Headlines

The target work was set around three areas of focus:

3. Activity

• Focus any future work around five key aims:

Charity Purpose #1 & #2

• (i) Content creation: including “other voices” and potentially more targeted ‘products’ e.g. church leaders, etc.

• (ii)Communal activity: gathering believers for worship and/or training; online or in person

• (iii)Incubation: establishing support for pioneers within our community, and strategies to release to see new dreams and ministries realised and established

• (iv)Adoption: adopting individuals and ministries into the Foundry to nurture and support their growth

• (v)Launch and Release: review activities and consider whether continue, decommissioned or established independently

• We want to always retain a sensitivity to the Spirit of God, to be responsive to what He is doing. For this reason, we set the above focus - knowing that these were broad brush but that we would engage in works during the year we could not anticipate at its outset.

• In line with this approach, and the focus above, the following highlights some of the works we’ve led or joined this last year.

KingsGuard was established because we believe there is a need to prioritise prayer and intercession, and to keep these at the heart of any work of God which we are called to share in. The KingsGuard is a key part of the Foundry’s prayer strategy and is becoming a ‘team of teams’ which carries a grace to enjoy and propagate intimacy with God.

Dec 2023 - initial meeting and idea development

Jan 2024 - KingsGuard proposition written and shared with core teams

Feb 2024 - initial prayer meeting with core group and now prayer team provide cover for Foundry works Apr 2024 - broadened cover includes other connected works.

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Core work and outcomes 2023 – 2024: Additional Activities

All Through This Hour (allthroughthishour.com)

All Through This Hour (ATTH) is a movement of prayer and worship, led by a small team initially from the ‘Kingdom Embassy’ family: it centres on the prophetic significance of Big Ben – it’s renovation, re-sounding (13th November 2022), chimes (the melody is taken from Handel’s Messiah) and the inscription in the Elizabeth Tower.

Initially ATTH coordinated several smaller, unadvertised prayer and worship events around Parliament, at the London Eye and in St. Mary’s Woolnoth. The Foundry International partnered with them to hold their largest event to date - a public prayer and worship event in Parliament Square in London on 24[th] August 2023.

The event consisted of prayer, worship and an explanation about the historical and current significance of Big Ben’s chimes and melody (using the song, “Jesus Reigns” which includes the words and melody of Big Ben’s Chimes.)

It was part celebration and part a prayerful re-commitment of the church and the UK to the Lord - calling the nation to prayer and worship. And seeing Big Ben re-pealing as a signal that the church across the nation will have her voice restored - for justice, for truth and for the gospel.

Over 100 people actively participated on the day and many thousands passed by and engaged – either through listening, discussion or receiving prayer. Event stewards recorded many of the incredible moments or people meeting with God, testimonies about how they had ended up being present and the impact of prayer received. The event was positively covered in UK Christian press and radio.

We were delighted to support All Through This Hour.

To find out more about this event or to enjoy teaching and training resources visit: allthroughthishour.com

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Core work and outcomes 2023 – 2024: Additional Activities

Other Activities

Throughout this year people from the Foundry have taken part in many other Kingdom works and have helped to shape other Kingdom communities, all in keeping with the Foundry’s charitable aims. Some notable examples of this include:

The creation of SOW/S, the School of Word and Spirit. Launched in January 2024, this work has included the releasing of several hours’ worth of thematic teaching and the gathering of an online community, the “SOW/S cohort”. In 2025 the school will move into 12 months of sequential teaching from Genesis to Revelation, as well as creating a more focused, intensive course for a cadre of leaders who will receive training and pass it on to others in real time. Most of the teaching and interactive session have been online, but there have been two in-person gatherings as well. All the SOW/S material is available to Foundry beneficiaries and the Foundry.

This year, we have seen a gentle but burgeoning interaction between the work of the Foundry and the work of an informal community known as Kingdom Embassy. Individuals from the Kingdom Embassy family were invited to take part in Foundry prayer meetings and SOW/S teaching and learning sessions. While Kingdom Embassy leaders have also opened-up their prayer and briefing sessions, which involve spiritual commentary on cultural, social, political and economic issues, to a wider audience including, very intentionally, the Foundry family.

A group of believers from Kingdom Embassy and the Foundry offered spiritual support to the team organising the lighting of the beacons across the Nation as a part of the D-Day 80 celebrations, taking part in the ceremony for the lighting of the principal beacon at Her Majesty’s Naval Base in Portsmouth on the 6th June 2024.

All these partnerships have been engineered and explored with a view to serving others in a pure sense, with no pursuit of personal or organisational gain.

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Core work and outcomes 2023 – 2024 : Sutton Community Project

Sutton Community Project

In November 2020 during the COVID-19 pandemic and national lockdown in the UK, Andrew and Sayuri Ritchie started to collect unsold surplus food from local food stores to save it from going to waste - they brought it home, listed it on the OLIO app and redistributed it to their neighbours. Over 180 families were fed during this time.

In July 2021 they moved from a private home to the Thomas Wall Centre - which is located in the most deprived area of Sutton, in the heart of the Sutton community itself.

The impact of the project and the number of people helped has continued to grow with the project and the team rightly being recognised for the passion, commitment, resilience and incredible work over these years.

The project has been supported by local churches, individuals and organisations – and it was the privilege of The Foundry International to provide some financial and prayer support to the project during this time.

On 1[st] January 2024 we were delighted to announce that Sutton Community Project was fully ‘adopted in’ to the Foundry Charity – with full integration of operations, finances and leadership; but, importantly, with the project still being led by Andy and Sayuri.

This was a mutually beneficial arrangement – the Foundry could help support SCP to grow the work; while SCP brings practical delivery regards the charity objective to relieve poverty.

It was, and remains, a privilege to work alongside Andy, Sayuri and the SCP team.

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Core work and outcomes 2023 – 2024 : Sutton Community Project

Headline impacts of Sutton Community Project, since January 2024

• 597 families received support 1[st] January - 31[st] July.

• Family sizes range from 1 to 10 people.

• 140 – 150 healthy food boxes were distributed every week.

• Additionally provided every week is a safe space where free tea, coffee and cake are served for visitors to enjoy chatting, meeting new people and building friendship.

• 100 volunteers work with the project, with a dedicated core of 20-30 every week.

• Weekly courses include:

• The ‘Keys to freedom’ course

• In person bible study (2 sessions per week)

• Online bible study.

• In 2023/2024 the team had the privilege of baptising 10 people.

• There have been partnerships with people from Christ Church London Sutton, Sutton Vineyard Church, New Waves Chapel, United Life, Riverside church, and Christians Against Poverty.

• The project was also certified as a “Be Well Hub” (‘a safe space located within community organisations for people to turn to when they feel their mental health is low or they feel isolated.’)

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London
Borough
of Sutton
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Seven neighbourhoods in Sutton are within the most deprived 20% of the country.

Sutton’s Strategic Needs Assessment estimate that 18% of Sutton’s residents live in poverty. Rising to 25% of children in the borough.

Find out more at suttoncommunityproject.com.

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Core work and outcomes 2023 – 2024: The King’s Purse

The Foundry International Trustees have committed to prayerfully and carefully giving away more of our income than we spend. This means that a minimum of 51% of our income goes into what we call ‘The King's Purse.’ These resources are redistributed in the form of grants and gifts to:

support the advancement of the Christian faith;

support church planting and network opportunities across the Christian church; help in the relief of poverty or financial hardship; help individuals who can evidence financial hardship.

In 2023-2024 The King’s Purse awarded grants or gifts to:

The King’s Purse:

Opening Balance: £7,219 Income: £29,448.97 (from 51% of charity income) Grants and Gifts awarded: (£29,834.22) KP Balance YE: £6,833.75

Part of a Sutton Community Project – who feed and support up to 150 families in financial difficulty every Registered week, as well as providing community space and Christian teaching. (Prior to “adoption”) Charity All Nations – a diverse church family based in Wolverhampton who want to glorify God - their Registered vision is to impact the city, the region and other nations. Their founding characteristics are Charity about serving the poor, audacious faith and welcoming all people. A Christian worker – financial support to help them continue their ministry, which focusses on An individual outreach work via sport in Northamptonshire. A Christian worker – to cover training course costs and ministry travel costs for an individual in An individual financial difficulty. African Vision – work to empower marginalised people in a rural 400km area in Malawi to get Registered out of poverty and become self-sufficient. Our support focussed on the purchase of prosthetics Charity or wheelchairs for people with disabilities.

…continues on the next page

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Core work and outcomes 2023 – 2024: The King’s Purse

The King’s Purse: Opening Balance: £7,219 Income: £29,448.97 (from 51% of charity income) Grants and Gifts awarded: (£29,834.22) KP Balance YE: £6,833.75

Tearfund – to support a “Church and Community Transformation” process for three rural Registered communities in Mali to identify needs and mobilise resources to bring about restoration and Charity transformation. Individual – the purchase of some specialist equipment to support a care leaver who was in An individual financial difficulty.

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||||| |---|---|---|---| |Servants Quarters|–|to cover travel costs for three individuals to attend our Servants Quarters|Individuals| |events, where financial difficulty would’ve prevented their joining.| |Individual|–|helping a vulnerable individual in financial difficulty work towards being free of fuel|An individual| |debt.|

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Part of a Fuel the fire – we provided financial support to enable a two-day event focussed on training, Registered support and equipping church and ministry leaders to pursue God’s plans for their churches. Charity Part of a Sisterhood Sanctuary – which (as part of the Kingston Womens Hub) focusses on food, Registered pampering, art, conversation and friendship for women who’ve faced domestic violence, abuse Charity or long-term physical and mental health issues. Registered Hope City Furniture – who provide furniture to those in Derby who have been rehoused due to Charity crisis, along with emotional and spiritual support. St John’s Egham – to support the salary costs of a parish worker focussed on a variety of Registered Charity community works around gospel expression, as well as other projects e.g. a community fridge.

The following pages provide additional information about some of the works we’ve supported.

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Core work and outcomes 2023 – 2024 : The King’s Purse

Hope City Furniture furnish homes for people who have experienced sudden or unexpected crisis in Derby. Their desire is to demonstrate God’s love practically; reduce social exclusion; develop community and treat all people with dignity and respect.

In their last financial year Hope City Furniture:

• Received over 160 referrals for furniture provision

• Gave away 750 items of furniture and appliances

• Distributed over 100 New Testaments and tracts in various languages

All the furniture is very good quality as they believe the furniture they put into people's houses should impact their sense of self-worth, self-esteem and reflect their value as people.

“On Wednesday I have received very beautiful furniture from the Hope City Furniture which we needed desperately…from the depth of my heart I want to say thank you so much for this great help and meeting our desperate need. I have no words to express my gratitude for your kind consideration.” (Client)

"Thank you very much for your help to me and my friends. We are very grateful to you." (Ukrainian Refugee)

We were delighted to support Hope City through The King’s Purse. To find out more, visit: hopecityfurniture.org.uk

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Core work and outcomes 2023 – 2024 : The King’s Purse

Tearfund is a Christian charity that partners with churches in more than 50 of the world’s poorest countries. They tackle poverty through sustainable development, responding to disasters, and challenging injustice. They believe an end to extreme poverty is possible.

The King’s Purse part-funded a project in in rural Mali to support three local villages, through the local church, to identify their needs and mobilise resources to bring about restoration and transformation. There were 1,975 direct beneficiaries and 12,850 indirect beneficiaries.

• 13 Churches committed to implement the Church and Community Mobilization Process and 20 bible study cofacilitators were trained. This equips church leaders and members to be involved in their local community and to use their own resources to reach their local community.

• There has been education in Water, Hygiene and Sanitation (“WASH”) and provision of water filters and aquatabs for cleaning water.

• WASH kits have been given to members of the village WASH management committees after the training.

• A deep well was rehabilitated in the village of Danadoungourou. The community provided unskilled labour as necessary, and 10 volunteers were trained in the construction and maintenance of wells and a Water Committee was created. The newly rehabilitated well allows approximately 1,000 people to have access to drinking water.

• There have been three savings groups set up in three villages which encourage individuals to save and work together for small businesses.

• 5,000 people have changed their living conditions through agricultural training, reducing challenge during lean periods because of the agricultural techniques promoted such as crop rotation.

• There are 809 compost pits in the area to improve agricultural yields in a low cost and environmentally friendly way.

• Improved varieties of local crops were given to producers in the 3 villages.

• 205 trees were planted by the communities and will be maintained by them - trees were chosen for their fruit and leaves.

• These agricultural interventions have significantly decreased hunger in the area.

• Conflict prevention and peacebuilding training was provided to 1,121 individuals in the target area; peace awareness messages are also broadcast on two community radio stations in three languages, which has a reach up to half a million people.

• 24 people were trained in disaster prevention and disaster management as part of the training workshop on disaster management and early warning systems.

We were delighted to support Tearfund through The King’s Purse. To find out more, visit: tearfund.org

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Core work and outcomes 2023 – 2024 : The King’s Purse

Since 2005 African Vision Malawi has been helping children and vulnerable people in Malawi, one of the poorest countries in the world. Their aim is to empower marginalised people in a rural 400km area to get out of poverty and become self-sufficient via holistic programmes around education, health, agriculture and self-sufficiency.

The Kings Purse grant contributed to their Disability Outreach programme and the provision of therapeutic devices for people with physical disabilities attending the “500 Miles” orthotic service.

• 28 clients were identified in their Disability Outreach programme, with various referrals and actions taken (3 examples below.)

• 12 people received wheelchairs/tricycles which gives them independence and changes the lives of the whole family and not just the individual

• The extended impact, beyond these 40 people is approximately 200 when including their families.

• Additionally, funds were used to buy occupational and speech and Language therapy resources for the SEND (Special Educational Needs and Disability) assessment unit they are in the process of building.

Lameck is a young boy who was involved in a motor bike accident that resulted in one leg being amputated. He was referred to 500Miles where an above knee prosthesis was made for him. He is now able to walk without any problem. He works and is now able to support his siblings.

Alfred, aged 53, was assisted to get support at 500Miles for an extension prosthesis as well as a tricycle at Bwaila hospital. He is now able to work on his own and has started his own business selling groceries and can feed his family with the proceeds.

Wendy, aged 6, was diagnosed with bowed legs and complained of pain when she walked long distances. She benefitted from successful Bilateral Hole Plating surgery. Her mother was supported with transport and upkeep allowance during this time. Wendy no longer complains of pain when walking and this year will be enrolled in school, which would not have previously been possible for her.

We were delighted to support African Vision Malawi through The King’s Purse. To find out more, visit: africanvision.org.uk

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Core work and outcomes 2023 – 2024 : The King’s Purse

As part of St John’s Egham, their Parish worker (part funded by The King’s Purse) leads a weekly Community Café which serves an average of 80 people a week. This feeds some people who struggle to feed themselves, combats poverty and signposts people to other ministries (Christians against Poverty, for example). Their ‘clients' are encouraged to attend the weekly Communion Service that runs before Hope Hub.

We were delighted to support St John’s, Egham and Hope Hub through The King’s Purse. To find out more, visit: stjohnsegham.com

Based out of Kingsgate Church in Kingston, they work with women recovering from abuse and other challenges. Creating a space where these women are supported and loved and where Jesus can be shared with those who are interested. Each week up to 60 women attend, receiving a healthy meal, pampering, art and a space to chat and connect. Some are open to receiving prayer, a few have prayed asking Jesus into their lives in the last year and many have had very negative perceptions of church and Christians broken down. Sisterhood sanctuary is part of ongoing work to uplift women who have experienced abuse and other disadvantages.

The King’s Purse provided 3 months funding to bridge the gap between two of their key grants.

We were delighted to support Sisterhood Sanctuary through The King’s Purse. To find out more, visit: kingsgatechurch.org.uk/community-outreach/

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Financial Review: a snapshot of income, expenditure, operational and King’s Purse cash FY 2023-2024

Operations Expenditure Charity Income The King’s Purse (KP) Donations received: £44,367.22 Professional Fees: (£24,165) Opening Balance: £7,219 Communication: (£1,905.20) HMRC Gift Aid: £13,375.85 Income: £29,448.97 Venue Hire: (£750) (from 51% of charity income) 51% to The King’s Purse: (£29,448.97) Events and Conferences: (£698.77) Grants and Gifts awarded: Legal and Professional: (£324.92) (£29,834.22) SCP Bank Transfer: £3,292.93 Insurance: (£287.56) SCP Grant Funding: £500 Equipment: (£117.78) Total Operations Income: £32,087.03 Total Ops Expenditure: (£28,249.23) KP Balance YE: £6,833.75 Operations Summary Charity cash Balance YE Opening Bank Balance: £4,140.79 King’s Purse Cash: £6,833.75 Operations Income: £32,087.03 Ops Cash: £7,978.59 Operations Expenditure: (£28,249.23) Operations Balance YE: £7,978.59 Cash in Bank: £14,812.34

24

Financial Review : Charity donations and Income

Charity Income

Donations received: £44,367.22

HMRC Gift Aid: £13,375.85

51% to King’s Purse: (£29,448.97)

SCP Bank Transfer: £3,292.93

We are blessed by incredible generosity.

There are a number of faithful individuals who have practically supported the vision for The Foundry International with financial donations.

We received on average donations of £3,697 per month. There have been 21 unique givers in the financial year – although 82% of income comes from only 3 givers, so we are heavily dependent on a small number of givers to continue functioning. Six of these givers have completed Gift Aid forms.

We also received funding of £500 via Neighbourly.com for Sutton Community Project.

SCP Grant Funding: £500

Total Operations Income: £32,087.03

25

Financial Review: Overview of operational spend

Operations Expenditure

Professional Fees: (£24,165) Communication: (£1,905.20) Venue Hire: (£750) Events and Conferences: (£698.77) Legal and Professional: (£324.92) Insurance: (£287.56) Equipment: (£117.78)

Total Ops Expenditure: (£28,249.23)

Professional Fees: we have engaged two contractors throughout the year to deliver targeted packages of work to help establish the charity, administrate the King’s Purse, and begin practical works to deliver against the Charity’s operational plan. We engage an independent examiner for our accounts, as per Charity Commission requirements.

Contractors: £23,925 Independent Examiner Fees: £240

Communication: We have four main groups of tools we use: Google provides all our email; storage and collaboration tools; Zoom is used to host online meetings; and Restream, Captivate and Squadcast are used to record and distribute training and teaching material; and then costs for our website.

Website hosting: £475.20 Restream: £405.11 Google: £364.36 Captivate: £204 Squadcast: £197.5 Zoom: £187.08 Website Domain Renewal: £71.95

Venue Hire - £750: with the adoption of SCP into the charity, we incurred some venue hire costs. This was only for part of the venue, for part of the year and will be higher in the next financial year.

26

Financial Review: Overview of operational spend

Operations Expenditure Events and Conferences: we held a Servants Quarter event in March 2024 and a “Big Lunch” event in June 2024 with SCP (some costs were incurred in advance of the event and so fell into this financial Year.) Professional Fees: (£24,165) Communication: (£1,905.20) SCP Big Lunch: £477.27 Servants Quarters: £221.50 Venue Hire: (£750) Events and Conferences: (£698.77) Legal and Professional: the bulk of costs were for completing safeguarding checks for people working within SCP, and a small fee for Companies House. Legal and Professional: (£324.92) Insurance: (£287.56) DBS Checks: £290.92 Companies House: £34 Equipment: (£117.78) Insurance - £287.56: our annual cost for insurance. Total Ops Expenditure: (£28,249.23) Equipment - £117.78: Some additional costs for equipment required for SCP.

27

Financial Review: Overview of operational spend

Contractor Engagement – hours worked

The maximum billable hours have flexed throughout the year based on work required, available budget and contractor availability.

The contractors bill a month in arears – so the invoices in Jul-23 totalling £2,620 would be for hours worked in Jun-23.

We are confident we continue to utilise the best strategy with our method of contractor engagement. We would not have been able to make as much progress against our plans without engaging workers, yet we could not afford to employ permanent members of staff.

It has been pragmatic as well as providing financial protection to the charity, allowing us to flex engagement based on available finances.

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£3,255
£3,000 £2,995
£2,770
£2,620
180
£1,975
£1,600
£1,400 £1,000
160 £1,340
£1,000 £970
140
120
100
80
60
40
20
0
Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24
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Akhtar hours total: 612.5 (prev. FY was 769.5 hrs) Lewis hours total: 587.75 (prev. FY was 468 hrs) Total contractor costs

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Financial Review: Overview of The King’s Purse

An overview of The King’s Purse was provided earlier in “Core Work and Outcomes” – but for completeness, here is a profile breakdown of The King’s Purse across the FY.

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Looking Ahead: Strategic Plan for the year ahead, and beyond…

Our intentional approach

We want to always retain a sensitivity to the Spirit of God, to be responsive to what He is doing – this has been the one key in all that has happened to date. For this reason, we set the focus ahead knowing that these are ‘broad brush’ but that we will react and engage in works during the year we could not anticipate at its outset.

In line with this approach, the following highlights some of the work we anticipate now as well as a framework for others we don’t yet know about.

Through all this, our charitable aims will be worked out in several ways:

• Advancing Christianity through prayer, worship, evangelising, healing, equipping, gathering, supporting, and funding;

• And relieving poverty through prayer, worship, healing, equipping, gathering, supporting and funding.

Some of this work will be initiated from the Foundry directly, while other works will be initiated by others and supported by the Foundry in diverse ways.

All these strategic priorities should catalyse, support and inform the Foundry’s work.

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Looking Ahead: Looking ahead

Core works

(Charity Operation)

Stewards team: to further develop this leadership team for the whole of the Foundry charity. Spiritual leadership is key, but there should be a gathering of practical, operational and familial threads into this team.

Charity team: Foundry charity workers, contractors, trustees etc. need to be considered and gathered as a whole charity team - refreshed supervision/support lines to be established for all key workers, along with new rhythms and routines for prayer, worship and spiritual formation to build a broader sense of family and journey.

Treasury team : a new team, potentially including regular givers to the Foundry, the Treasury team will pray for and support the gathering-in of finance into the Foundry. This team will not have any authority over expenditure or outward giving and will not include anyone who has sight of the identity or generosity of those who support the Foundry financially.

Contractor Arrangements: Continued review of this approach, the nature of engagement and roles required.

Internal and External Communications : Considering the ways in which we can better communicate internally and externally, to enhance the performance and service of the charity and it’s aims.

Trustees: work to identify potential new trustees, to ensure continued strong oversight for the charity.

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Looking Ahead: Looking ahead

Proprietary works (Charity ‘Owned’)

Existing works:

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Sutton
Basecamp Servants The King’s
Community KingGuard
Online Quarters Purse
Project
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||||| |---|---|---|---| |Review current|Present existing|Appoint designated leaders to oversee and lead development of these services| |support structures|material to a wider|over the year ahead.| |to find any|audience;| |enhancements;|create/curate more|Refine then get sign-off on their strategic plans and|Continue to review| |include more in|material from a|begin implementation no later than early 2025|the balance of| |wider charity team;|wider range of|applications and| |and maintain|voices; and|awards to ensure an| |support of the|investigate potential|appropriate cover of| |incredible work|partners to enhance|all charitable aims| |already underway.|this work.|and objectives set in| |the policy.|

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Identified works: consider the existing ‘potential new works’ that have been identified (e.g. “Serve the Servants” - Gathering wider leaders for prayer, worship, instruction and equipping; or “Sons of Calvary” - gathering men for prayer, worship, discipleship and equipping) and prayerfully review whether they are works to be started in this next year.

New works: ensure regular and prayerful awareness to any new works that are to be established; works to be ‘adopted’ into the charity; or ones to be released from the charity and established outside the aegis of the Foundry.

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Looking Ahead: Looking ahead

Supporting works

(‘Owned’ by others)

Focussed partnerships: we currently operate within a wider ecosystem of partners and Kingdom families (e.g. Kingdom Embassy, the School of Word and Spirit, All Through This Hour, All Nations etc.) Ensure we continue to support, as led by God, the integration and mutuality of these different thread families and works.

Regional Impact: we have some influence on local works (advancing the Christian faith, relieving poverty and encouraging oneness in the body of Christ) in three different regions – Sutton, Kingston and more broadly across South-West London. In this next season it would be good to track and share something of the story for learning, inspiration and prophetic encouragement. As well as identify other areas Foundry representatives have establishing influence to continue to work in partnership for the fullness of all that God has for these areas.

National Impact: both from the initial naming of the charity – The Foundry International – and prophetic words, we believe there is a calling to serve the bride of Christ in different nations. In-line with the regional point above, begin to explore how we might support (spiritually at very least) connected Christians in other nations.

Associate Partners: potential investigation of an associate's programme for individuals who wish to receive specific spiritual, and potentially financial, support from the Foundry in their ministry work.

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Father we once again surrender all this Foundry work, and ourselves, to Your mercy, Your grace and Your will. Lord Jesus, work in us, for us and through us for Your glory and for the saving of many lives. We love you and we long to lay our lives down for you – and to help other sons and daughters of God to do the same.

We long to play our part in the glorious harvest, gathering in the lost who are the bride in waiting – and helping to adorn and prepare Your bride, in joyful anticipation of Your soon return. Lord bless us as we seek You and seek to do Your will, by Your Spirit, on Your terms and in Your timing.

We are yours, now and forever, Amen.

“We do not know what to do, but our eyes are on you.”

2 Chronicles 20:12

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Appendices 35

The Foundry International ANNUAL REPORT AND ACCOUNTS

Financial Statements

Statement of Financial Activities (Incorporating an Income and Expenditure Account) Year Ended 31st May 2024 Note Income from: Donations 2 Total income Expenditure on: Charitable activities 3 Total expenditure Net Surplus Total Unrestricted funds brought forward at 1 June 2023 Total Unrestricted funds carried forward at 31 May 2024		Unrestricted funds 2024 £ 61,536 61,536 58,073 58,073 3,463 11,109 14,572		Unrestricted funds 2023 £ 54,925	Unrestricted funds 2023 £ 54,925
					54,925
					43,816
					43,816
					11,109 -
					11,109

The Foundry International ANNUAL REPORT AND ACCOUNTS

Financial Statements Balance Sheet Year Ended 31st May 2024

Current assets Cash at bank Liabilities Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Funds Unrestricted funds:	Note 5		2024 £ 14,812 (240) 14,572 14,572		2023 £ 11,359 (250)
					11,109.00
					11,109

Notes 1 to 6 form part of these financial statements.

The financial statements were approved and authorised for issue by the Board of Trustees on 10th January 2025 and signed on their behalf by:

___________ Mrs J.Shew Trustee The Foundary International ( Company number 11986581)

Financial Statements Statement of Cash Flows Year Ended 31st May 2024

Cash flows from operating activities Net income for the year (as per the Statement of Financial Activities) Adjustments for: Decrease/(increase) in debtors (Decrease)/increase in creditors Cash flows (used in)/generated from operating activities Cash flows from investing activities Net cash provided by investing activities (Decrease)/increase in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Analysis of cash and cash equivalents Cash in hand Cash in bank Total cash and cash equivalents		Total funds 2024 £ 3,463 - (10) 3,453 - 3,453 3,453 11,359 14,812 2024 - 14,812 14,812 -		Total funds 2023 £ 11,109 - (7,775) 3,334 - 3,334 3,334 8,025 11,359 2023 - 11,359 11,359 - .

The Foundry International ANNUAL REPORT AND ACCOUNTS

Notes to the Accounts Year Ended 31st May 2024

1

ACCOUNTING POLICIES

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

1.1

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (as amended for accounting periods commencing from 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Foundry International meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

1.2 Going concern

Free unrestricted reserves of the charity at the year end amounted to £14,572 (2023: £11,109). The Trustees are also satisfied with the controls in place for monitoring and flexing the budget throughout the year.

1.3 Incoming resources

Cash donations are recognised on receipt including gift aid. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.

2

3

4

5

Income from grants, donations and legacies Individuals Grants for Trust, Foundations and churches Gift Aids Analysis of expenditure on charitable activities Grant and Donations - The Kings purse Professional fees to train and support churches and christians in their mission Support Cost Communication Insurance Venue Hire Travel, Events & Conferences Printing, Postage and Stationery Bank charges Governance costs Review of Accounts Total Support and governance cost Trustee and employee information a) Trustee information No trustees received any remuneration or other benefits during the year (2023: £Nil). Five trustees served during the year (2023: Five). Two trustees were paid professional fees, one for £12,250 (2023 £15,390) and another was paid £11,675 (2023 £9,360 ) One trustee was reimbursed for travel & other expenses £680 (2023 £283) b) Employee information There are no employees working for charity for 2023 and 2024 Creditors: amounts falling due within one year Accruals	2024 £ 47,660 500 13,376 61,536 2024 £ 29,834 23,925 53,759 2024 £ 1,905 288 750 699 442 - 4,084 230 4,314 2024 £ 240 240	2023 £ 54,925 - -
		54,925
		2023 £ 16,700 24,750
		41,450
		2023 £ 1,289 259 175 376 13 4
		2,116
		250
		2,366
		2023 £ - 250
		250

6

Independent examiner's report to the Trustees on the unaudited financial statements of The Foundry International Limited.

I report on the financial statements for The Foundry International Limited for the year ended 31[st] May 2024 set out on the following pages.

Respective responsibilities of Trustees and examiner

The charity’s Trustees (who are also the Directors for the purpose of company law) are responsible for the preparation of the accounts. The charity’s Trustees consider that an audit is not required for this period (under Section 144(2) of the Charities Act 2011 (the 2011 Act)), and that an independent examination is required.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility:

• to examine the accounts under Section 145 of the 2011 Act

• to follow the procedures laid down in the General Directions given by the Charity Commission (under Section

• 145(5)(b) of the 2011 Act); and

• to state whether particular matters have come to my attention.

Basis of the independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statements below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that, in any material respect, the requirements:

● to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and

● to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Charles Tait Charles Tait Accounting Limited

Date: 15 January 2025

1