THE PROTESTANT ALLIANCE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2025 Charlty Reglstratlon Number 237987
THE PROTESTANT ALLIANCE (Charlty Registration Number 237987) CONTENTS REPORTS Page R8POrt of the Trustees Report of the Independent Examiner FINANCIAL STATEMENTS statement of Financial Activities Balance Sheet Notes to the Financial Statements 8-14
THE PROTESTANT ALLIANCE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Trustee5 present their annual report and financial statements of the charity for the year ended 31 March 2025. The financial statements have been prep8red in accordance with the accounting policies set out in note 1 to the accounts and comply wth the charity's trust deed, the Charities Act 2011 and Accounting and Reportin9 by Charities.. Statem8nt of Recommended Practice applicable to ch8rilies preparing their accounts in accordonce with the Financial Reporting Standard for Smaller Entities published on 16 July 2014. OBJECTIVES AND ACTIVITIES FOR THE PUBLIC 8ENEFIT The Council Members confimi that they have complied with their duties under section 17(51 of the Charities Act 2011 to refer to the guidance contained in the Charity Commission's gener81 guidance on public benefit when reviewing the Trust's aims and objectives and in planning futu activtties. The objects of The Protestant Alliance are.. To bring the saving faith of the Lord Jesus Chrisl to Roman Catholics, Anglo-catholics and to all those not knowing the Scriptures or the power of God. To m8inlain against all encroachrnent the Scriptural Doctrines of the Refonnats'on and the principles of religious liberty. Where possible to relieve poverty and advance religion among persecuted Protestants. To seek to preserve the purity of the Gospel as recorded in the Holy Scriptures. REVIEW OF ACHIEVEMENTS AND PERFORMANCE DELFVERING PUBLIC BENEFIT The benefits ofthe work of The Protestsnt Alliance are the dissemination and distribution of information about the Scriptural Doctrines of the Reformation and the relief of poverty and 8dv8ncemenl of religion among persecuted Protestants. These are achleved by.. Producing a periodical entitled 'The Reformerf. A preaching and lecturing ministy by Mr Charles Scott-Pearson. Bearing witness al Protestant Matyr Commemoration meetings, principally in area5 of England which were badly affected by the Marian persecution of Protestants from 1553 to 1558. Attending County and Agricultural shows. Supporting the Protestanl cause in Lithuania by helping wth the provision of good Blblical literature. 11 is Ihe firm and unsh8keable position of The Protestant Allian that the preaching of the Christian Gospel is beneficial not only to those who hear and respond positively lo it, but also to society as a whole. History shows that when Biblical principles have been the bedrock of society there has been a general peace and tranquillity. As Biblical principles have receded in British society. we have seen dramatic increase in crime and disorder, particulady wolenl crime. The public benefit of Biblical preaching to society is immeasurable. The Council conf1rn7 that they have complied with their duties under section 17(51 of the Charities Acl 201110 refer to the Charity Commission's general guidance on public benefrt when reviewing the aims and objectives and in planning future activities. The Trustees are grateful for the assistance of volunteers in administration. FINANCIAL REVIEW FINANCIAL REPORT FOR THE YEAR Details ofthe financial position of The Protestant Afiiance for the year ended 31 March 2025 are shown on pages 6 to 14. The funds have been applied to the objects of the charity in accordance with the ststement of Financial Activrties on page 6.
THE PROTESTANT ALLIANCE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ICONTINUEDI FINANCIAL REVIEW (CONTINUED) Totsl income received lor the year was £55.80412024: £75,824) of which £2.12212024: £2.3431 we$ restricted. The deficit on general unrestricted fund before nel gains or losses on investfflents wa$ £20.24212024.' surplus £1171. The surplus on restricted funds was £2.03412024: deficit £5,648). The net deficit before net gains or losses on investments was £18.20812024.. £5,531). The deficit on investments was £5.524 {2024: gain £9.8421, resulting in an overall net deficit of £23,732 12024.. surplus £4,311)- The Protestsnt Alliance has been operating on a deficit on the General Fund for some years. which had resulted in its reserves being progressively diminished. However, liquidity remains very good. The Trustees prayerfully anticipate the Lord providing all the needs of the charity according to His riches in glory. Present levels of voluntary income exduding legacies are inadequate to sustain current levels of expenditure. The dedining income in recent years reflects the diminishing constrtuency of Protestant Christianity in the United Kingdom. Nevertheless. there has been a welcome increase in income when he Refomierf magazine has been published. However, staff shortages due to the low levels of income and a lack of voluntary help are still hampering the work. particulady as increasing regulatory requirements for banking have had lo be met to ensure the tharity can continue lo operate. An inlernal review has been conducted by the Trustees to consider changes to the business model of the charrty. The Council is gratefvl to supporters for their continued sacrificial giving. Funds a raised almost entirely through the freewill giving of supporters. Funds are not raised in any way from the general public. The Tnjstees of The Protestant Alliance have received notificatson that Ihe organisation is a beneficiary of the estate of the late Mrs Joan Aspin. Whilst the executors, solicitors have not released detailed accounts at this tsme, provisional estimates place the amount to be over £250.01)O. This $ignific8ndy improves the charity's viability for several years. There are no resthctions on the Trustees, power to invest although their policy is to invesl in Iow-ri5k investments. and having regard to social, environmentsl and ethical considerations. GRANT-MAKING POLICY It is the policy of the Council to make grants from time to time in accx)rdance with the charity's objectives. RESERVES POLICY It is the wlicy of the Council to maintain unrestricted fijnds, which are the free reseNes of the charity. at a level which equates to approximately three months unreslricted expendlture. FINANCIAL POSITION ATTHE YEAR END The unrestricted general fund carried forward was £199.531 (2024.. £225,297). Restricted funds carried foNard were £17.222 {2024.' £15,188). PLANS FOR THE FUTURE The Council and staff will continue lo publish and distribule"The Reforn, arrange events. preach. and witness to bring the saving farth of the Lord Jesus Christ to olhers in the light of Holy Scripture. STRUCTURE, GOVERNANCE AND MANAGEMENT The Trust is a registered ch8rity. number 237987, and is govemed by a constitution dated 3 Octob8r 1992. The Trustees are the members of the Cour¢cil of Management who are elected by members at the Annual General Meeting. They are appointed for one year. Names of prospectsve Council Members are considered by the Council and proposed at the Annu81 General Meeting. The Chairman. Deputy Chairman and Minutes Secretary are appointed by the Council every year.
THE PROTESTANT ALLIANCE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 {CONTINUED) STRUCTURE OVERNANCE AND MANA EMENT CONTINUED TRUSTEES AND MEMBERS OF COUNCIL C N Banks Ichaimianl, F Raynsford (Deputy Chairman), H W Philpott (Minutes Secretary), D E Fayers, C J David, A P Toms and P Simpson. The following resigned during the year.. M Adridge111 May 2024}. P Lievesly became a trustee and member of the councll on 20 October 2025. LIFE MEMBERS OF THE COUNCIL T F Cook. G Glassbrook. PRINCIPAL OFFICE 7 Jubilee Cottages Station Road Marston MoreL8ine Bedford MK43 OPN OFFICE HOLDERS C W Scott-Pearson IGenw81 Secmtaryl K W Burden (Hon Treasurer) Iresign&Y 22 February 20251 INDEPENDENT EXAMINER M D Smith FCA 47 The Willows Little Harrowden Wellingborough Northants NN9 58J BANKERS Barclays Bank plc
THE PROTESTANT ALLIANCE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) TRUSTEES. RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS The charity Trustees are responsible for preparing a Trustees, annual report and financial statements in accordance with appIlble law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales require5 the charity Trustees to prepare finallcial st8tements for each year which give a true and fair view of the stsle of affairs of the charity and of the incoming resources and application of resour$ of th8 charity for that period. In preparing the financial stalements, the Trustees are required to: select suitable accountillg policies and then apply them consislenUy- obseNe the methods and principles in the applicable Chanties SORP., make judgements and estimates thal are reasonable and prudent.. state whether applicable accounting standards have been followed. subjecl to any material departures disclosed and explained in the financi81 s18temenls: prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply vAth the Char¢ties Act 2011, the applicable Ch8rities (Accounts and Reports) Regulations, and the promsions of the Trust deed. They are also responsible for safeguarding the assets of the chanty and taking reasonable steps for the prevention and detection of fraud and other iThegul8rities. The Trustees are responsible for the maintenance and integrity of the charity and fin8na81 infomiation included on the charity's website. Legislation in the United Kingdom goveming the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by the Trustees on 6 December 2025 and signed on their behalf by: C BANKS Chairman
THE PROTESTANT ALLIANCE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PROTESTANT ALLIANCE I report lo the Trustees on my examination of the accounts of The Protestant Allan (Ihe Trust'l for the year ended 31 March 2025, which are set out on pages 6 to 14. RESPONSIBILITIES AND BASIS OF REPORT As the Charity's Trustees you are responsible for the preparation of the aixounts of the Trust in accordance with the requirements of the Charities Act 2011 {'the Act'l. I rewrt in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in Trying out my examination I have followed all the applicable Direction$ given by the Charty Commission under sedion 145 {5)Ibl of the Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by section 130 of the Act., or 2. the accounts do not accord with those records: or 3. the accounts do not comply with the applicable requirements conceming the fom and content of accounts set out in the Charities {AOUnts and Reports) Regulations 2008 otherthan any requirement that the accounts give a 'true and fair view, which is not a matter considered a$ parl of all independent examination. I have no o)ncems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. T). Wkw M D Smith FCA 47 The Willows Little Harrowden Wellingborough Northants NN9 SBJ 6 December 2025
THE PROTESTANT ALLIANCE STATEMENT OF FINANCIAL ACTIVITIES THE YEAR ENDED 31 MARCH 202 Unrestricted Restricted Funds Income Funds Total Funds 2025 Total Funds 2024 Notes INCOMING RESOURCES SubscriptlODS. donations and legacies Sale of books and pamphlets Inveslment income 49.595 10 4,077 1.245 50.840 10 4.954 71.403 25 4.396 877 TOTAL INCOMING RESOURCES 53,682 2,122 55.804 75,824 RESOURCES EXPENDED Cost of books and pamphlet$ for sale Charitable activities 21 73.903 21 73,991 35 81.320 88 TOTAL RESOURCES EXPENDED 73,924 74.012 81,355 Not InGomo 1 {&xpendlture) for tho yaar 120,242} 2.034 118.2081 {5,531) Net gainl{lossl on fixed asset investments (5,524} {5.5241 9,842 Transfers between funds NET MOVEMENT IN FUNDS for the year {25.7661 2,034 123,7321 4.311 RECONCILIATION OF FUNDS Total funds brought fOard 225,297 15,188 240.485 236.174 TOTAL FUNDS CARRIED FORWARD 199,531 17.222 216.753 240,485
THE PROTESTANT ALLIANCE BALANCE SHEET AT 31 MARCH 2025 2025 Total 2024 Total Funds Unrestricted Fund5 Restricted Income Funds Funds Notes FIXED ASSETS Tangible Fixed A55ets Investment Assets 22.560 113,045 22,560 113,045 26,513 118,569 Total Fixed Assets 135,605 135,605 145,082 CURRENT ASSETS Stocks io 543 543 564 Debtors Charities Deposit Funds Cash at Bank and in Hand li 2,744 17,183 45,903 249 18,569 11,5961 2.993 35.752 44,307 2,065 34,064 61.805 Totsl Current Assets 66,373 17,222 83,595 98.498 CREDITORS: Amounts falllng due within one year 12 12.4471 12.4471 13,0951 NET CURRENT ASSETS 63,926 17,222 81.148 95,403 TOTAL ASSETS LESS CURRENT 199,531 17,222 216.753 240,485 LIABILITIES FUNDS OF THE CHARITY Restricted Funds 13 17,222 17.222 15,188 Unrestricted Funds 199,531 199,531 225.297 TOTAL CHARITY FUNDS 199.531 17.222 216,753 240,485 These financial statements were approved by thè Trusteos on 6 Dember 2025 and signed on their behalf by C BANKS Chaiman
THE PROTESTANT ALLIANCE NOTES TO THE FINANCIAL STATEMENTS R THE YEA ENDED 31 RCH2 ACCOUNTING POLICIES (al Basi$ of preparatlon and assessment of golng concern The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise staled in the relevant notelsl to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in acwrdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102} and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared on a going concem basis atthough the Trustees are aware that present levels of voluntary income excluding legacies are inadequate to sustsin the current levels of expenditure. The Trustees. judgement is that the charity mainS a going concem. Assets and liabilities are initially recognised al historical cost or transaction value unless othetwise stated in the relevant accounting policy notes. Ib) Funds structure The charty has both unrestricted and restricted income funds. Unrestricted income fvnds mpriSe those funds which the Trustees are free to use for any purpose in furtherance of the charitable objects. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor. Further details of each fund are disclosed in note 13. (cl Incorng rocognltlon All income is recognised once the charity has entiuement lo the income. it is probable that Ihfj InMe wtll be received and the amount of income receivable can be measured reliably. Donations are recognised when the charity has been notified in writing of both the amount and setuement dal@. Legacy gifts are rea)gnised on a case by case basis following the granting of probate when the administralorlexecutor for the estate has communicated in writing both the amount and settlemenl date. Interest on funds held on deposit is induded when receivable and the amount can be measured reliably by the charity,. this is nomially upon notification of the interest paid or payable by the bank. (d) ExndItuTe recognltlon Liabilities are recognised as expenditure as soon as there is a legal or Constructive obligation committing the charity to that expendrture, it is pn)bable that settiement will be required and the amount of the obligation can be measured reliably. AJI expenditure is accounted for on an accruals basis. Al expenditure including support u)sts and govemance costs is shown in note 6 under applicable headings. Irrecoverable VAT is charged 8$ a cost against Ihe activty for which the expenditure was incurred. (el Allocatlon of support and govomance costs Support costs in relation to charitsble activities have been allocated betsveen govemance costs and other support costs. Governance costs comprise all costs involving the public accountsbility of the charity and its compliance with regulation and goc%l practice induding costs related to independent examination.
THE PROTESTANT ALLIANCE NOTES TO THE FINANCIAL STATEMENTS R THE YEAR ENDED 31 MARCH 202 CONTINUED ACCOUNTING POLICIES {CONTINUED) ifj Fornlgn currencles Assets and liabilities in foreign currencies are translated into steding at the rates of 8xchange ruling at the balance sheet date. Trdnsactions in foreign cuwencies are translated inlo sleding at an average rate of exchange for the year. Exchange differences are taken into account in aNing at the net surplus or deficit. (gl Tanglble flxed assets and depreclatlon All assets c4)sling mre than £500 are capitalised and valued at historical cost. Depreciation is charged on.. plant and equipment (office sludiol at 100A per annum on reducing balance plant and equipment lolherl at 25 10 per anr)um on reducing balance motor vehicles at 25¥0 on reducing balance. {hl Flxed asset Investmènts Some funds of the charity have been invested in a COIF long-t8rm investment fund. This investment is valued at fair v81ue at the balance sheet date. Reallsed gains and105ses All gains and losses are taken to the Statement of Financial Actiwties ag they arise. Realised gains and losses on investments are calculated as the difference beeen sales proceeds and their carrying value. Unrealised gains and losses are calculated as the drfference between the fair value at the year end and their carying value. Realised and unre81ised investment gains and losses are combined in the Statement of Financial Activrties. u) Stocks Stocks, comprising books and literature, are valued at fair value. the lower of cost and net realisable value. {kl Penslons The charity has operated a defined contribution'money purchase. scheme during the year. The charlty contribution is restricted to the contributions disclosed in nole 7. The costs of the defined contribution scheme are included within support costs in note 6. All paid stsff are enrolled in the National Employment Superannuation Trust {NEST}.
THE PROTESTANT ALLIANCE NOTES TO THE FINANCIAL STATEMENTS FOR THE R ENDED 31 MARCH 2 ED Unrestricted Restricted Funds Funds Totsl 2025 Total 2024 SUBSCRIPTIONS, DONATIONS AND LEGACIES Donatiolls. gifts. and subscriptions (including Grft Aid tsx recoverable) Income from meetings Legacies 29.257 1,245 30,502 15.302 9,146 11,192 9.146 11.192 10,448 45,653 £49,595 £1,245 £50.840 £71,403 INVESTMENT INCOME Dividends receivable on investments Interest on cash deposits 3,225 852 3,225 1.729 3,162 1,234 877 £4.077 £877 £4,954 £4,396 BOOKS AND PAMPHLETS The charity derived income of £10 (2024: £25} from sales of books and pamphlets with a corresFKsnding Cost of £2112024: £351. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES Grants made Governance costs Support costs 88 88 7,991 500 72,829 73,903 73,903 £73.3 £88 £73.991 £81.320 10
THE PROTESTANT ALLIANCE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 202S CONTINUED SUPPORT COSTS Support costs in lation to charitable activities are given below: _ 2025 2024 GENERAL SUPPORT stationery, Printing and Postage, induding 'The Ref0erf IT costs. Consumable equipment Travel, motor and 8c£ommodation Staff costs (Note 71 Books and reports Premises and office costs Depreciation and10gses on disposals Lossllgain) on ex¢hange rate 3.697 1.283 738 7,236 51,951 189 4,612. 3,953 244 2.580 1.741 279 7.469 52.226 22 3.912 4,520 80 GOVERNANCE Independent examlnation - ntribUtIon for laptop 500 TOTAL £73,903 £73,329 STAFF COSTS 2025 2024 Gross Salaries Employerfs National Insurance Employerfs Pension Contributions (Nole 14) 48.667 859 2,425 48.910 859 2,457 £51.951 £52.226 No employee received emoluments in excess of£60,000 during the year. The average monthly head count was 2 staff12024= 2) and the 8verage number of full-time equivalent employ8es (including part-time staffl during the year was 1.25 {2024.' 1.51. Employee benefrts in the form of a car are provided to the General Secretary for travel to preaching and lecture engagements and county shows. Private use ig allowed but at the individual's own expense. 11
THE PROTESTANT ALLIANCE NOTES TO THE FINANCIAL STATEMENTS FOR ENDED 31 MARCH 2 IN ED TANGIBLE FIXED ASSETS Plant and Equipment Motor Vehicles Total Cost or Valuation At 1 April 2024 Additions Disposals 60.200 50,191 10.009 15491 (549) At 31 March 2025 59.651 49,642 10.009 Depreciation At 1 April 2024 Charge for the year Disposals 33,687 3,721 {3171 27.900 2.665 1317} 5,787 1,056 At 31 March 2025 37,091 30.248 6,843 Net Book Value At 31 March 2025 £22.560 £19,394 £3.166 At 31 March 2024 £26,513 £22.291 £4,222 INVESTMENT ASSETS Long-Tem Investsmenl Fair value at 1 April 2024 118,569 Loss on revaluation {5.524) Fair value at 31 March 2025 £113,045 The long-term investm&nl is with the COIF Charities Investment Fund. This investment is liable to fluctuations in value according to market conditions. 12
THE PROTESTANT ALLIANCE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2025 CONTINUED 2025 2024 10 STOCK Books and Literature £543 £564 11 DEBTORS Income Tax Recoverable Other Debtors and Prepayments 1,886 1,107 1,493 572 £2,993 £2.065 12 LIABILrriES: AMOUNTS FALLING DUE WITHIN ONE YEAR Social Security and other Taxes AecnJ8ls 2.447 2.343 752 £2.447 £3.095 13 RESTRICTED FUNDS At 1 April Incoming Outgoing 2024 Resources Resources At 31 March 2025 Transfers Lithuanian Gener81 Fund Prolestant Memorial Fund Harding Memorial Fund 12,311 2.473 404 2.001 121 188) 14,224 2.594 404 £15,188 £2.122 £1881 £17.222 The Lithuanian General Fund was established to provide resour$ for work within Lithuania In accord8nce with the objects of the charity. The Protestsnt Memorial Fund was originally established as the Oxlord Memorial Fund to renovate a Martyrs Memorial in Oxford. The Thomas Harding memorial at Chesham needs to be renovated and the Harding MeTh)rial Fund for this purpose is being deployed in support of a third-paty initiative. 13
THE PROTESTANT ALLIANCE NOTES TO THE FINANCIAL STATEMENTS FOR T YEAR ENDED 31 MARCH 202 ED 14 PENSION SCHEME The charity operated a defined contribution scheme during the year. The assets of the scheme are held sep8ralely from Ihose of the charity in independenuy administered funds. The employer's pension contributions paid during the year amounted lo £2,425 {2024.' £2,457)- The tharity had no materi81 outstanding obligations at the year end. 15 TRANSACTIONS WITH TRUSTEES No trustee received remuneration or reimbursement of expenses during the year12024'. nil}. 16 CONTINGENT ASSETS The charity has been notified that it is the beneficiary under wills of people who have died recenuy. However. at the present lime it is not practicable to quantify all the amounts which might ultimately eventuate to the charity. 14