223473 01￿CH UK REPORT AND FINANCIAL STATEME FOR THE YEAR ENDED 31&r MARCH 21n4 OUTREACH UK REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 21124 CONTENTS 14 Trustees. Report Indcpendcnt examiners. report to th¢ tws¢eos Statemeni of financial activities Balance shcct 8-13 Notes to the financlal stst¢m¢nts ol￿REAcH UK REPORT AND FINANCIAL ￿ATEmENTs FOR THE YEAR ENDED 31sr MARCH 2024 CHARITY INFORMATION Status A charity foundcd by its con5titulion in 1874 as The Christian Colportage Aswciation and rcgi5tered as a charity on 7 Dcccmbcr 1963. On 13 March 19918 special re501ution was passcd to changc its namc ￿ l.lomc Evangclism. On the 16th July 2008, by Resolution in the Minut4 the name ofthe Organisation was changed to Outreach UK. This approved by thc Charity Commission on 28th April 2009. Govcrning document: The charity was cstablishcd and is 8overned undcr a constilulion adopl¢d on 24 Febrnary 1874 and amend￿ on 19 Sepi¢mber 1990. Charity number: 223473 Re8islcred office nd operaiional addrcss.. 255 Kings Road, Manchcstcr M16 QJD 14onorary olTi¢¢rs: S Piggott Chairn) Principal stsff T Dickerson National Ficld Director l G￿￿ra1 Mana8¢r Bankcrs: National Wcslminstcr Bank pk 50 Iligh Strcct Egham Surrey TW20 9EU Independent Examiner: D Pearce Pearce Accounts Ltd 58 Semion Drive Swanley Kent BR8 7HT Solicitors: Leland Swaby Clarkc & Noffis 209r21 I South Strcet tiomford E￿X RM I IQL Invcstmcnt advisors: Trinity Wcalth Mana8cmcnt Cedar Court 6c Parkway Porters Wood St Albans Hert4 AL3 6P Pagc I OWREACH UK TRUSTEL5' REPORT FOR THE YEAR ENDED 31sr MARCH 2024 The Council present their rcport and the audiid financial ststcmcnts for thc y(xr ended 31 March 2024. Thc financial statements have been prepared on thc accounting p)licies sct out in nots l ￿ thc financial ststements and comply with the Charitys t￿￿ deed. applicable law and the requirements of th¢ Statement of Recommended Prnctice- Accounting and Reportin8 by Charities (SORP 2005). Structure? governallce & maDagcmeDt The Or8anisation is an uninc0ry￿rntcd charity re8iStcrcd as a charity on 7 DKcrn￿r 1963. The Mission is governed. at presenL by a Coun¢il consisting of fivc Christians dTrwn from Protcstant d￿OMinatIOnS and Indcpcndcnt Church fellow5hip5 and it meets thrL* (IM￿ a year. Since the commenccment orth¢ COVID 19 pandemic, Council has been conducting thesc meetings usin8 'Zoom' trchn0l0￿. and for thc lime bein8 intend5 to continue to do so. in order to overcome the problem of cxcessivc travelling distanccs for some mcmber5. li Continues to be the intention of those presently serving to rccruit new membcjs to ihc Council, as and when appropriaic, to strengthen its Tepresentation. Potential Council Members are recommended, and are intcrview¢d. oftcn bcing inviicd to att¢NI a m¢etin8 a5 8 guesL If thcn prepared lo scrvq and their appointmcni agrccd by the exisling Memkr& they are invi*d io serve indcfinitsly. When looking for new app)inl¢e4 considcration is giv¢n to the.balan￿ of skills, within th¢ Council. Thc Current Council has mcmbcrs with a rangc of managcrial and church leadcrship eX￿rience. and also includes two wilh the experien¢¢ of OUK associat¢ cvangelists. Flow¢v¢r. fvrther suP￿rt IS SOU8ht from new mcmbcrs with accountinyjtreasury backgrounds. Churchman5hip ran8es from Baptisi kn Inde￿dent Cvangelical and reflects Ihc evangeli￿1 stance of the Mission. The policies that govern the working of thc Mission arc agr¢cd at Council and minutcd at its mcctings. Howcver. the day to day managemcnt is dcvolvcd io thc Naiional Ficld Dircctor. redcsi8natcd from January 2024 &$ General Manager. who is supported by an 0￿1¢¢ stru¢lurc involving an Adminisiration OITiccr, and 5cparnie Financ¢ O￿leer. Regular reports are presented by these o￿lcer￿ to the Council mcetings and suggestions and di￿l¢U1t1CS arc discussed. The National Field DirectorlGcneral Manager is responsible for wmmunicating thc dccisions of ihe Council to all evangelists and to respond to any ditTieuhies they may hav¢. In thc main he also works as the int¢rface with other Christian organi5ations and is rcsponsible for publicity and adv¢rtisin& Th¢ Administration & Finance Officer5 are responsible for thc general financial and administrative running of the mission. Thc Council membcrs also provide practical support by taking responsibility for &%signed iopics such as supporter liaison, financc and publicity. The Mission has increasingly develO￿d a strong network of volunte¢r Asso¢iatc Evangelists who worfc part-time overall under the guidance of the National Field Dir(ttorlGencral Manager, bul with tho ongoing cxpansion of thc work. an Area Field Officer, based in Manchester continucs to oversee th¢ volunleer Associat¢ Evangelists in Northcm Eng12nd' and a second Area Ficld Officer bas¢d in Milton Kcyncs oversecs voluntccr A550ciate Ivangelists in the Midlands and ELsi Anglia areas. Two more Afo posts were created from January 2024 to focus on the South West England and Walcs areas. The Council of Outreach UK is grateful to GI￿1 for14is provision over the past year. both in financial tern15 and in new associate personnel joining the Mission. Our praycr is to see the work furthcr expand so that a gr¢aler number of persons may Lx reach¢d with th¢ Gosp¢l of th¢ tA)rd J&sus Chrtst through th¢ work of our &<4ociatc ¢vartgelists. Achievements pcrforniancc During the year up to 31 March 2024. &8 indicated aE*)vc, thc Mission continued the policy not to cmploy any fvll- time evangelists, but increased under contract the number of Area Field Officers to four on J part-timc. self4mploy¢d basis to assist the National field DirectorlG¢n¢ral Managcr in identifying aThl ovcrs¢cing Ass￿l8t¢ Evangelists in England and Wales. Page 2 OUTREACH UK TRUSTF.V.S' REPORT FOR THE YEAR ENDED315T MARCH 21124 Associate Evangelists. often alon8 with the National Field Director or Area field 0￿]CerS. have again ken working with churches in outreach pro8fdms. often h¢lping in iho training of individuals within the local churches who are keen to be involved in personal evan8¢1ism. With this in mind, the flexible trainin8 resource cntitled 'Casting your Nets,, has continucd. This has becomc a partncr5hip with the Good Ncws ncwspapcr and Pockct Tcstament t£ague in providin8 evan8elistic literaturc for thos¢ who have r¢ccivcd training through this initiative to use in one•to-one cvan8elisti¢ with¢ss in their local communitics. Also, partnership with thc Good N¢ws for Everyonc Association (formerly Gideons UK). training in one-lo-one evan8¢lism was offered to GNFL members. Some designat¢d gifts arc rcccivcd dircct by Ilcad 0￿1¢¢ and are fonyardcd to the relevant evangelists. Central donation& including legacies. havc cnablcd the Mission to continu¢ its work ov¢r th¢ year. The Associale Evang¢lists T¢am was ¢stablish¢d in 1997 to enable volunteer5 to work in conjunction wilh local ¢hurchc5 in variou5 area5 of thc countryj cach onc givin8 at Icast twelvc hours pcr month in one-t04)ne evangelism. They receive literature and training from the National l-'i¢ld Director andlor Ar¢a l.icld Officer and also senior A$S￿late evangelists. Thcrc wcrc, around scvcnty associate cvan8elists workin8 during thc year. During the past year the Mission purchascd gospels. Scriplure portions. Christian litcrdlurc, especially Good N¢w5 Newspapers and DVDS for salc and frcc distribution lo the various contacts made through visitation. The official magazine of Outreach UK is called'outrcach" and is produc¢d pcriodically throu8h the year. It contains reature articles of general intercst conccming the Mission &s well a5 repotts from the evangelists in thc ficld. Mcanwhile, a monthly 'Prnycr Diary, is also produccd for Mission 5UPPOrt¢r5 who havc cxprcsscd a desirc to prny daily for the evRn8elists and general needs ofthe work. This is initially sent out by cmail. and copi¢s are made locally by some churches for further distribution. The diary continu¢s to be well re¢civ¢d and usa for faithful prayer. Thc Mission also provides a wcbsite where articles and infomiation are r¢￿rd¢d for usc by interested partics. Thc website continues to be a fruitful route for reaching new A5sociat¢ Evangclists. Pyblie Benefit Outreach UK is a non-dcnominational Chrislian mission committed to working alongsidc Protcslant churches who are seeking lo s¢ry¢ th¢ir local communilies through the practical cxprcssion of th¢ir faiih as well as by making opportunity for those who are intsrested, from any racial or ethnic 8roup. or any so¢ial strala. to find out the bclicfs and practices of a Christian church. Wc do this in a variely of ways that wc bclievc arc cncompassed in the 8uidance given by Government and the Charity Commission to enable u5 to say that thc charli￿5 aims and objcctiv¢s are for the public benefiL Some of the ways we undertake the Aims and Objcctivcs of thc Organisalion are hcrc listed - although over this year, the on80in8 effect of the Covid 19 pandemic. has meant that some of thcse aims hav¢ bcen r¢duced or cvcn curtailed tcmwrarily :_ Working with local churches to provid¢ opportunity for any intcrcstcd pcrson lo explore thc beliefs and teachin8 of th¢ Christian faith Carrying out, as a practical cxprcssion of religious beli¢fs. oth¢r activili¢s (such as visitation to those ill, bereaved. lonelylshut in or disablcd) Contributing to the Spiri￿al and moral education of children through work in schools supports the National Curriculum Contributing to good mentsl and physical and Spiritual hcalth. fostsring composure in the face of ill h¢alth. providin8 comfort to the bereaved- Visiting in rctircmcnt & nursing hom¢s, thosc unablc lo alt¢nd a placc of worship Opening up multi-ethnic and multi-racial workshops to sharc the basis of the Christian religion with people of other faiths or persuasions who havc art intercsl in what Chrislianily is aboul Page 3 OUTREACH UK TRusfEES' REPORT FOR THE YEAR ENDED 31sr MARCH 2024 Finaneial Revi¢w The Mission relies heavily on donation4 covcnanted gifts and legacics to cnablc the work to conlinuc. The Council continucs lo explore support from other trusts with an intcT¢sl in the corc objcctivcs ofthe Mission and is supported by unpaid prof¢ssional Cxpertise in this reS￿eL Invcstment policy Alihou8h over the pasl ycar income has been somewhat rcduced. any suitablc S￿rpluS funds thal may become availabl¢ would be invesied based on advice from an Indcpcndent Financial Advisor. Thc portfolio is reviewed periodically by th¢ trust¢cs in consuliation with the IFA. Rcserv Th¢ Mission is reliant on volunlary donations to mcct its eommitmenis in th¢ support of its work. As local giving has consi51cntly fallen short of the cost of running the Mission. the ¢harity nccds rcs¢r¥¢s to make good this annual shortfall. rcc r¢scrves (Ihat 15 thosc funds nol licd up in langiblc fixed &%scts. dcsi8naicd or rcstrI¢i￿ funds) have bccn ccumulaicd in thc pasl primarily from thc salc of fTechold properties. no longer required for thc usc of the charity or ils employec5. and capital growth fTom ihc subscquenl investh)ents. Risk The Council has continued to revicw all Identif￿ble risks io th¢ Organisation. durin8 the year, ￿ ¢nttble & strategy to be put into place to monitor continuously thc most appareni and p)tcnlially damaging risks. A review of all insurance ov¢r. financial policy. porsonncl appoinlmcnls and ongoing managcment is dont via the regular periodic Council m¢ctin8s. The Council bclicvcs ihat through this strat¢gy it will minimis¢ thos¢ risks which are p)Icntially most damagin& and control. as far 85 p05siblc. any I¢s5er poientially damaging risk elemcnts identified. StAtement ofresponslbillties of (he Coulldl Law applicable to charities in England and Wales requires th¢ trustecs to prcparc financial slatcm¢nts for each financial year which giv¢ a true and fair vi¢w of the charity's financial activitics during the ￿rIOd and of its financial position at the end ofthc pcriod. In preparing financial stat¢m¢nts giving a truc and fair vicw. th¢ Iru51ees should follow best practice and: S¢l¢¢t suilabl¢ ￿COUntin8 policies and then apply them consistently Make judgements and e￿ImateS that are rcasonable and prudcnl Statc whcther applicable a¢￿untIng standards and ststements ofre¢ommended practice have been followcd, subjcct to any departU￿S discloscd and explained in thc financial Sta￿ments Prepare the finan¢i81 slatemcnts on thc 80in8 concern bLsis unlcs5 il is inappropriatc to presumc thai the charily will continue in opcration Th¢ Council are ￿spOnSible for ke￿Ing accounting records which dis¢losc with rwonablc ￿Cu￿cY the financial position ofthe charily and which cnable them to ensure that the financial sfat¢m¢nts comply with thc Charitics Act 2011. lThc Council arc a150 rcsponsible for 5afcguarding the assets of thc charity and hcncc for taking rcasonable steps ror the prevcntion and d¢t¢ction of fraud and othcr irre8ulariti Pagc 4 OUTREACH UK TRUSTEES. REPORT FOR THE YEAR ENDED 31ST MARCH 2024 Mcmbers of¢he Counell MemiKrs of the Council who scrvcd as charily Iruslees during ih¢ ycar and up lo thc date of this r¢port wcrc as follows.. Steve Piggoit Stuart Beadle Mike Mellor Derck Clark Mark Walts Chairnian Memb¢rs of th¢ Coun¢il hav¢ no b¢n¢ficial intercst in Ihc charity. Approved by the Council on 4, Scplcmbcr 2024 and signcd on its bchaif by S Pi8golt Chairnian Pa8¢ 5 INDEPENDE￿ EXAMINERS• REPORT TO THE TRUSTE&S OF OtrrREACH UK FOR THE YEAR £NDED 31sr MARCH 2024 I have examined the financial ststrmcnts on pages 6 kn 13. Thesc financial ststsmcnts have b¢¢n prepar¢d under the historical cost convention and the accounting policies sct out thercirA. Respec¢ive re8tN)nsibili¢ies of the ¢rus¢ee8 and ¢Jaminer The Trustces. responsibilities for preparing the Annual Report and thc financial statsmcnts in accordance with applicable law and United Kingdom Accounting Stsndkrds are set out in the Statement of Trustees Responsibilities. The charity's Trustees cortsidcr that an audit is n¢A rwuired for this year under section 144(2) of the Charities Act 2011 and that an independent examination is ncded. It is my responsibility to: examine the acLounts under section 145 of the 2011 Act to follow the procedures laid down in the General DirectM)ns given by thc CharitiC5 Commissioner under scction 145(5)(b) of thc 2011 Act: and to statc whcthcr particular matters have come io my attention. BASIS of oplnlon My cxarnination was carried out in accordance with thc General Dirfftions given by ihe Charity Commissioner. An examination includes a revi¢w of th¢ ￿￿Ounting recon15 kw by the charity and a comparison of the accounts presented with thosc records. It also includcs consideTatiiJn of any unusual itthis or disclosur¢s in the accounts. and the s¢eking of explanation5 frnm you as Irusice conccmTng any such matters. The procedures undcrtaken do not provide all the cvidence that would Ix requircd in an audit and, cons¢qucntly no opinion is givcn as to wh¢thcr thc a¢¢ounts prescrtt a 'tru¢ and fair vicw, and thc report is limitcd to those mattets set out ift thc siatement below. Illd¢pendent examiner's statemeDt In conncction with my cxamination, no matter has cornc to my attention= which gives mc reasonable caus¢ to believe thaL in any matsrial respecL th¢ rquirements: (a) to kecp accounting records in accordancc with ￿tIon 130 of the 2011 ACL and (b) to prepare accounts which accord with the accounting T¢￿rdS to comply with thc a￿UntIng rcquir¢m¢nts of thc 2011 ACL have not becn mct. or to which. in my opinion. attention should bc drawn in (rd¢r io ¢nable a prow undcrstanding of the accounts to be reached. D Pearce Pearce Accounts Limited Chartcrcd Certified Accountants 58 Scmion Drive Swanlcy Kent BR8 7Frr Dat¢d: ts.q.aaalF Page 6 OUTREACH UK ATEMENT OF FINANCIAL ACTIVITIES FOR THF. YEAR ENDED 31ST MARCH 2024 2024 Total 2023 Total Cndowment Re5trÈct¢d Unrcstri¢t¢d Not¢ Incoming resourecs Inwming resourcesfrom genera¢edfunds Voluntary income Activities for generating funds 53.889 53,889 166,017 5.000 Investment incom¢ lrtcoming r￿ourC￿frOrn ¢horilabl¢ ¢7¢1ivitie% Evangelistic Ministy Sales of literature Other incoming rcsoiirccs 18.303 18J03 8.420 270 566 735 836 735 914 592 Total ineomlng resourees 270 181454 Resourcc5 expended Cosis ofgeneralingfvnd%.' Costs of 8eneraiing voluntary income Charilable aCiivili&s Evangelistic Ministry Purchases of literature 19.666 19,666 19,573 360 83.159 14.904 83,S19 14,904 80,199 14,717 Governance 720 72Q 816 Total r¢50ur¢e5 expcnded 360 118449 118809 115305 Net incomingl(outgoing) rcsourees before transfcrs (90) (44,956) (45,046) 66,149 Gross transfers beÉwttn funds Net outgoing resources before other r¢YDgni5ed g4itt$ 4nd l•ss¢s (90) (44.956) (45,IM6) 66.149 Gain￿(105Se$) on invcstmcnts Net movemtnt in fllrtds Rcconelllatlon offunds Total fijnds brought forward 10.466 190) (44.956) (34,580) 61.71 113947 164210 279461 217750 Total funds tarricd lorward 124 413 14 119254 244881 279461 All ofthe above results are derived from continuing activities. Thcr¢ wcrc no other Tecogniscd gain5 or low$ other than those ststed above. Movements in fijnds are disclosed in Note I I to the financial 5tatemcnts. Page 7 Ol￿REAcH UK BALANCE SHEET AsAT31￿ MARCH 2024 2024 2023 N(*c Fixed Asscts Tangfole fLxcd asscts Inveslments 276 307 124,689 114254 Current Aysets DCb￿ and prepMymxnts Cash at bAnk aThl in hand 5,139 805 119713 16 la7n 167,944 c￿ditOr￿. Amounts &lling due v#ithin one 9 ￿83 year Net cunTnt ￿sets 737 165 07 Net IlS8ets 10 Funds Endowmert ReStr￿ted fimds Unrcstr￿ted furds 124,413 1214 54 113.947 IJ04 164210 Tot￿ funds Approved by the Council on 4 Septemb¢r 2024 and si8ned on its behalf by S Pi88Ott Chairnian Pag¢ 8 OUTREACH UK NOT&S TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES h) Ba515 of accounting lTh¢ a¢¢ounts havc b¢¢n p￿pared in accordancc with th¢ s￿temen1 of R¢commcndcd Pra¢ii¢e A¢¢ountittg for ond reporting by Chariti¢5 preparing thcir accounts in accordancc with ihe financial R¢porting Siandard appli¢oble in ihe UK and Rcpublic of Ireland {fRS 102) (cffcctivo l January 2015)- IChariti¢s SORP {fRS102)), thc Charilics Act 201 l and th¢ Companies Act 2006. Asscts and liabiliiies or¢ ini¢i$lly r¢cognis¢d at histori￿1 cost or transaction valuc unlcss ￿herWISe sthtcd in th¢ r¢l¢vani a¢¢ouniin8 policy or rt0￿. Voluniary in¢om¢ is r¢¢¢iv¢d by way of donations ond 8itts and is included in full in ihc slatcmcnt of financial activiiies wh¢n re¢eivabl¢. Donai¢d goods ond s¢rvi¢es and 8ifts in kind arc not included unlcs5 ihcy rcprcsent goods or 5crvl¢¢s which would hav¢ otherwise b¢cn pur¢has¢d. in whi¢h casc thcy Brc valucd and brought in a5 income and the appropriate oxpenditure. b) Publle bcTrcflt cntlty Thc charitsble Company mccts thc dcfinition of a publ1¢ b¢nefi¢ ¢niity under fRS 102. f) Income from Icycicj Income from le8acies is accounlcd for on a rcccivablc basis, ond is r¢¢ognIS￿ in full in th¢ finan¢ial siat¢ments in ihc period in which probaic 15 8rnnlcd and wherc thc amounl Tcccivable Can b¢ r¢liably measured. d) Re•tri¢t¢d furtds polley Rcsirlcicd funds are to be used for specific purposes 0$ laid down by the donor. Cixpcndilurc which m¢ets ihesc eri￿ria is ¢har8¢d to ¢h¢ fvnd. c} Desl8nat¢d ￿ndS Dc5ignat¢d funds are unrc5trictcd funds cannaTkcd by the I'ru5teos for a p•rfi¢ular purpos¢, A new fvnd callcd the'Cnablln8 Ministrie5 fund. was c5tabli5hcd by a transfcr from G¢neral funds io provid¢ financial support lo freel8nce evang¢lis¢s who havc committed io work with Oulrcach UK in m￿tIng ils choritablc obj¢¢tiv¢s. The fr¢elance evangelists hayc th¢ir own indcpendcnt Tru5ls and grdnts arc madc to thc5c from limc io lime at th¢ dis¢r¢tion of the Council of Oulrcach UK. Th¢ runds rcccived by trdnsfcr from anoihcr charity in a previous yeBr have becn desi8nated by Council as B "dcv¢lopm¢nt fund" and will be used to fund short tern) placements with the Mission from coll¢gc 5tudcnts inlcr¢stcd in invcstl8ating personal QV8ngelism os a possibl¢ calling. Council will offer fund5 on un individual basis to inlerwlcd parties. The fund may also used to help support others in invcsti8atin8.evangclism' as'work,. Q Unrestricted funds Unrcstrithd fund5 aro donaiions and other in¢omin8 resour¢es rccel￿d orgcncratcd for th¢ charitsbl¢ purposes. g) F.Thdowrncnt fund The endowrnent fund was c5tabli5hed in 20001018ftcr the transfcr of assets from an indepcndent charity. Thc ￿ets are to b¢ tr¢4t¢d &8 a p¢rman¢n¢ ertdowmeni with thc ineomc to be used for gcncral purposcs of thc charity. h) Alloegtlon of expens Staff costs and ov¢rhead ¢xp¢nses are allocated to aclivitiC5 on thc basis of staff time S￿nI on thosc 4ctivi¢i¢s. i) Fundraising ¢05ts l."undraising and publici¢y costs rcla¢o lo the ¢0sts incurred by the chariry in inducin8 Others to make voluntary ¢otttributions l¥ge 9 OUTREACH UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31sr MARCH 2024 Aecounting pollclu (continued) j) R¢50urces cxpcnded Resources ¢xp¢nded are r¢¢ognised in th¢ wiod in which they ue incurred. Resourcu expended include attributobl¢ VAT whi¢h ¢gnnot be recov¢rcd. Resources exwided arc allrKated to the particular activity whcr¢ thc r¢lales directly lo that activiry. Howevcr, the cosi of overall dir¢¢¢ion and administration of cach activiiy. comprising thc Salary and overhead costs of the central function. is apportion¢d on th¢ following basis whi¢h ar¢ an csiimaie. based on stsrr tim< of the amount attributable ￿ exh xtivity. Fundraising & publicity Slf Evangcli$iic Ministry Governancc costs arc the costs associated with the governance arrdn8emenL% of the charity. Thesc costs ar¢ a5$0ciawd with the constitulional and statutory rLyuir¢m¢nts and in¢ludc any costs aS￿la￿d with the strat¢8ic mana8¢mentof ¢h¢ charitys activiti￿. k) IkpreclAtIDTr of t1￿81b1¢ assc¢S D¢pre¢iation is provid¢d on all lan8ibk fixed assets. other than land. at rntcs calculatcd ￿ wri* Otrthe cost of cach ass over its cxpccicd useful life. The strai8hi line depT¢¢i8tion Ta￿ in ¥s¢ ￿ 0$ follows: rixturcs & fittin85 15% tkpr¢¢i4tion are all0¢•￿d w x¢iviii¢s on thc basis of the use of thc related •ss¢ts in ih(Ise aciivities. Itcm3 are c￿1¢411$¢d wh¢r¢ lh¢ pyr¢hu¢ price excecds £l,IXKI. l) Penslon scherne The charity Contribut￿ to a group personal pension schcmc and to various personal pcn5ions s¢hem¢s brought inlo the Mission by crnploye¢s from previous employments. The assets of the scheme arc hcld scparatcly from th0￿ ofthc charity In an ind¢p¢ndcntly administered fund. Th¢ wision cosl char8e reprcscnts conthbution5 payable by the charity ￿ ihe fund scheme. Thc charily I￿ no liability und¢r th¢ s¢h¢mc othcr than for thc paymenl ofthose ￿L￿1but10lls. Inve5tmcnt inromo ha5 been includcd on ￿ a¢crnals i*sis n) Market vglue Invcsiments have been stated at mukct value. Inv¢stsncni gains and losses both rcalised and unrealised are diseloscd in the statement of financial activili Page 10 OUTREACH UK N(rfES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31￿ MARCH 21124 DIRE￿ CHARITABLE EXPENDITURE Fwthiii18 EvaTy15￿ Pwchucs CM)brmance SupFKrt & wbkty mini5ty of rrternturc Costs Costs 2024 To¢*1 Totsl StalT costs {nde 3) Staff traiiing Evan8clists' expemes m¢ expense4 travel and subsistcncc ctc. Self cmptoyed cvan8eliMs Literawr¢ pwchases Adwnisllig and pubkty Confer¢n¢e ¢XF¢nKs OtTi¢¢ and ¢stab￿¥hmcll1 ¢xp¢ns¢s DonalThs Bank char8CS ProfcssKThI fees OtsKr costs 35J74 4.477 39JSI 43,026 1842 35.W3 8.842 44.948 14,904 990 9,165 41,C(#) 14.717 1275 &955 14A 4,690 3.310 554 720 4.741 3JlO 554 565 816 19 18 76 118.8119 115 05 Cffants made to Enabln8 Mlliistrns More2 Govcrnancc ¢￿ts Supwt cthts 3f {720) Tot•1 ¢h4rll#bl¢ expendltwre 10 17 118,809 115 05 STAFF COSTS 2024 2023 Stsff costs during thc pcricrfl: SalJri¢s and wag¢s Pension costs 32.248 39,721 Pag¢ll OUTREACH UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31ST MARCH 2024 'Thc average nurnbor of employecs durin8 the period was: 2024 2023 Evangelism Support and administration TRUSTEE REMUNERATION AND EXPENSES No Coun¢il member or person with a family or busin¢s$ conn¢¢iion with & Council member rcceiycd any r¢muncrY4tion either dire¢tly or indirectly from the Mission during this year. TAXATION The chariiy is ¢x¢mpt from corporaiion os all its income is charilablc and is applied for ¢horitoble purpO￿S. TANGIBLE FIXED ASSFTS Furnitu￿ fittings & equipmcnl Tota COST Ai l April 2023 At 31 March 2024 47 DEPRECIATION At l April 2023 Charge for ihc year 47,578 31 17,S78 31 Ar 31 Ma￿h 2024 NET BOOK VALUE At 31 March 2024 276 276 At 31 Mareh 2023 307 307 All tan8ible r￿ed assets are used for direcl ch8ritabl¢ purpose$. FIXED ASSET INVESTMENTS Market valuo At l April 2023 Disposals Additions in year Net gainsl(105scs) in y¢ar 113.947 At 31 March 2024 Pagc 12 OUTREACH UK NOTES TO THE FINANCIAL STATEMF.NTS FOR THE YEAR ENDED31ST MARCH 2024 DEBTORS Gift aid Prepayments and accrued incomc 3.064 4,630 509 CREDITORS: Amount5 falling due wi¢hin one year 17 576 Accruals ANALYSIS OF NET ASSETS BETWEEN FUNDS Tan817>￿ fiNEd assets Inve$tntnts Ojrrent assels Curnmt liabilili¢s Total rJldOw￿rnI fund 124.413 124,413 1214 119254 Resirictcd fjJnd5 1.214 121,563 Unrestricted funds 276 11585) 276 124A13 122,777 (2,585 244081 Pag¢ 13 OUTREACH UK NOTES TO THF FIIYANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 MOVEMENT IIY FUNDS A¢ l April Incomin8 Out80in8 rc$oU￿CS tesour￿8 Tran5fcr5 and gain511055¢$ At31 Trtsreh 2024 Di51TiCIS: (240) (120) 10 30 1.174 IX)rs¢i 90 Mort 2Ufe 1,174 'rotal res¢rl¢t¢d fvnd• IJ04 270 1360) 1314 FAdo*ment fun Maihew Mo￿On Proctor Fund 113,947 IQ466 124A13 Ikilgn8ted Dcveiopn%nt project 41.848 41048 rmablinB Ministries fund 15J38 15J38 Cén¢r81 fund 1(15,8 73,493 {11&449) 61*68 Tot81 unrtitrlcled 16421 73,493 (118A49) 119354 Totsl funth 279061 73,763 (118009 10,466 244181 Purposc of funds The Cnabling Ministrics Fund is a dcsignatcd fund sei ￿lde by the Trustees EO L8SiSt freclancc evangelists a5sociatcd with the organi5ation. Thc Deyclopment Project- reprcsents funds transferred to the mission from anoiher charity that has b¢¢n wound up and closed. The Trustecs ofoutreaeh UK have set ihis money aside to provid¢ for th¢ partial funding of bible college students who wish to spend time wilh the mission lo find oui about and work in an environmcni of p¢rgonal evangelism. Several bible collcgls have been 4pproa¢h¢d to ¢onsidcr 5¢nding s¢ud¢nL4 on placemcnl or recommcndcd work cxpcricncc with Outr¢ach UK- this has ycl lo happcn. Thc Maithcw Mowson Proctor Fund was ¢stsbli5h¢d in 2000101 after the transfer of gssets from an independent Charity held in that nam¢. Th¢ p5￿19 arc to b¢ ¢r¢atgd a5 a p¢rnancn¢ ¢Ddowment with the income to be used for general purposes of ¢he chArity.