Financial Statements for the Year Ended 31 March 2024 Philo Trust Philo Tt. Witton House. Lower Road. Chorleywood. WD3 5LB Chaiity Number 285762
Contents Admini5trati¥e Information Annual Report of the Trustees Message from Chair of Trustees Annual Report of the Director I31 Independent Auditorfs Report to the Trustees 32-35 ststement Financial Artivities 36 Balance Sheet 37 CasMk)w Statement N(*es to the Accounts 3945
Administrative Information Re8lstered tharfty Name Philo Trust ReglstÈrÈd tharlty Number 285762 Prlnclpal Offlce Witton House, Lower Road. Chorleywood, Rlckmansworth, WD3 5LB Tel: +441011923 287777 Trn$tees MrTerry Baker Mrs Juanita Baker Mr Adrian Bignell Mr Mike Carson Revd MSke Pavlou MrAlex Stewart<lark Mr David Withers IChalr} Dlrector Revd Canon j.john Audltors Dux Advlsory Llmlted, The Kennel Club, Gatehouse Way. Awesbury. Buckinghamshire. HP19 8DB Bank•rs Natwest, 16 South Parade, Nottingham, NGI 2JX PHILOTRUST- Admlnlstratlve Infomiation forthe year ended 31 March 20Z4
Annual Report of the Trustees The Trustees present thelr report and the financial 5tstements for the year ended 31 March 2024. which includes the admlnistratlve Information on page 3. Constitutional information PhS10 Trust Is constltutsd by a Deed of Trust and was estsbllshed Sn 1982. The charivs registration number Is 285762. Objectives. organisation and activities To proactivety tske inltlatlve In the orgaThlsation and implementstion of evangelistic opportunltie& To reartively respond to invitatlons-to co-labour with her5 Invofved In gng and existing evangelistlc strate8ie5. To equlp the next generation of evangellsts to fvlfll the full measure of thelr potentlal within their calllng. To educate, equlp and enthuse believers in order that they may Ilve out the Chrlstlan life to full. Operational structure "The Trustees met three tlmes this year. Each meeting hos substantlally the same principal agenda items: to review current finance and resources. stsff and employment matters, the Immediate past and future dlary of commltments, ?ThJ to re¢elve reports from staff on particular area5 relevant to their responslbllities. The Trustees believe that they Serve Phllo Trust under God, and TTU5tee meetlngs are therefore held In the context of devotional and interce550ry Prar. All policy declslons are reserved to the Trustees, following whlch implementation is delegated to the stsff under the dlrectlon of J.John. Any signrficant financlal commitment Is referred back to the Trustee5 before it is agreed and there is close liaison between the Trustees and J.John. PHILO TRUST-Annual Report of the Trustees for the year eywjed 31 Marth 2024
Trustees New Trustees Snvlted to serve Philo Trust a provlded with a copy of the CharSty Commission's leaflet The E55ential Trustee- CC3'. and join the Board of Trustees where they are encouraged to ask questlons and brief themselve5 on the current issues being addressed. At an early stage new Trustees have the opportunity to meet all key mernber5 of staff and learn Ilrst-hand about the artlvltles, operatlons and protocols of Phllo TrusL Each Trustee is encoura8ed to tske responslbilty for a partlcular area of the Trusvs operatlon commensurate wlth their interest. experieno and proven competence. and thereafter take the lead when supervlsing that area, and when developing policy and fvture plan New Trustees are encouraged to identify an area of responslbility In communlcatlon with the Chair of Trustee5. New Trustees are nomlnated either by a Trustee or JJohn. After discussion between the Chalr of Trustees and JJohn. the nominee rneets the presentTrustees; prayer and consideration follows. Only if there15 unanimous agreement will he or she be appointed to the Board. Decisions are made between the Trustées after prayer, discussion and unanimous a8reerr*nt betsveen all Trustees and JJohn. Financial review The 2023-2024 financial year has contlnued to see business as normal for Phllo TrusL We have contlnued with our broèdcastlng events as well as In-person events. Intematlonal travel has also returned to re8ul3r patterns following COVID-19, with fourtrips thi5 past year. Followlng on from the sucossful productlon of the ju5tlO Series, we revised and produced a new handbook to accompany the vlde05. We also prndUd Heroes of the Falth.. Volume 2 and Christmas ot the Movies, whi¢h meant our resources sales have contlnued to increase on the prevlous year. Expendlture has been reduced broadly in line with income, resultln8 in 3 deficit for the year. At the end of the flrst quarter. Income appears consSstent wlth last year and we are expectingto be 51i8htly above the budgeted level. Reserves policy The Trustees have established a pollcy whereby the unre5trlcted general funds not comrnltted or invested In tangible fixed assets and stock I'the free reseNes'l held by the charity should not be le55 than three months, normal runnin8 costs of the following yearfs budgeted expenditure. The expendlture bud8et for the 2024-2025 year Shov a quarterly budgeted amount of £218.063. Philo Trust had free resen5 (excluding those Invested In flxed assets. stock and those held In designated fundsl at 31 March 2024 of £310,074 for whith the Trustees are very grateful. The Trustees review this pollcy and the level from time to tlme. PHILO TRUST- Annual Report of the Trusteesforthe year erKled 31 Marth 2024
Risk policy The Trustees review rnajor risks to which the tharity is exposed, and sy5tem5 have been e5tabli5hed to mitigate those risks wherever p055ible. These sy5terns are revlewed perlodlcally to ensure best prartice is established forthe needs of the charity. The Trustees have adopted a risk mana8ement ststement and policy and established a risk register. Thts enables them to rank risks according to probability and severity. The Trustees belleve that the prlnclpal rlsks and uncertalntles are.. Reputational The Trustees re8ularly dlscuss any potentlal areas which miy cause reputational hami to the charity and any necessary actlon requlred15 discussed and tsken attordingty. Funding Philo Trust constsntly seeks to wlden its donor base and entouragÈ rè8ular donatlons. In order to provlde stablllty durln8 perlods of low income Philo Trust seek5 to maintain sufficient liquid re5erve5. Loss of rècords Daity batk-up of tomputerised records tskÈs place. This is done via the Cloud so that nD crftlcal dats Is only held physlcally wlthin the Witton House office. Vision, mission and values Irision Our vislon 15 to transform Ilves by communicating the truth of Christianlty. Mlsslon To have an Impact In every reglon of the UK, locally and natlonally, and speclflc countrles worldwlde: by presentlng the truth of Chrlstlanlty In a way that enables people to make an Infomied dedsion aboutjesus Christ. by teathin8 and tralnlng Christians to do the same. Phllo Trust has four maln areas of operatlon: Proclamatlon- communlcatln8 Chrlstlanlty Training- equipping Christian5 to Communicate Christianity Training evangelists- mentoring Producing resources for evangelism Values Our key focus is to transform the lives of people we meet by communicating the Good News of Christlanlty In a relevant and accesslble wav. PHILOTRUST-Annual Report of the Trustees for the yearended 31 Marth 2024
We lue 8ible-based Ilfestyles, teachable attitude5 and unity In the hearts of all those involved. We desi to be responsive to need and produce resources that meet the needs of the people wilh whom we are communlcatlng. We deslre everything V do at Phllo Trust to be blrthed In prayer, in line wlth the Blble. and In step wbth the Hoty Splrft. Review of activities The revlew of activities for the year Is set out In the Annual Report of the Director on pa8e5 10-31. Plans for future periods The Charity plans to continue the artivitie5 Qutllned above in the forthrnIng years subject to satisfactory fundlng arrangements. We have learned from our operatlons In the past and will apply the leswns we have learned from our experlence to fvrther our future plans. Public benefit The Trustees have consldered the Charlty Commlsslon's general guidance on public benefft and, In particular, the specific guldance on charTrtles for the advancement of religion, when ievlewlng the Trusvs aim5 and oblertlves and in planning future artlvltles and settlng the grant-makln8 pollcy for the year. The Trustees have, In theirview. met the public benefrt requirement by holdlng a varlety of events acr055 the world which are open to the general public and which seek, In accordance with thelr vlslon. to transfom Ilves and thus enable people to Ilve as responsible citizens in thelr communlty. The vision, mission and values of the Trust along with the yearfs oblettlves. actfvities and achievements a set out in this report and In the Annual Report of the Dlrertor. Responsibilities of Trustees The Trustees are responsible for preparing the Trustee Report and the flnancial ststements in accordanre with appllcable law and Unlted Kingdom Accountln8 Standards (Unlted Kingdom Generally Accepted Accountlng Practice). The law appllcable to charities In England and Wale5 requires the Trustees to prepare financial ststements for each flnancial year whl¢h 8lve a true and falr view of the state of affairs in the charfty and of the In¢oming resour¢es and appllcation of resources of the charity for that period. In preparlng these flnanclal statements, the Trustees are required to: • selert suitable accounting policies and then apply them conslstently; observe the methods and princlples in the Charities SORP; PHILOTRUST- Annual Report of the Trustees forthe year ended 31 March 2024
• make judgements and estSmates that are reasonable and prudent; state whether appllcable accounting stsndards have been followed, Subject to any materlal departures d15c105ed and explained In the financial statements: prepare the financlal statements on the golng conorn basis unless it is Inappropriate to presume that the charlty wlll continue in operation. The Trustees are responslble for keeping accountln8 records that disclose wlth reasonèble accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charitie5 Act 2011, the Chartty IAccounts and Reports) Regulations 21X)8 and Trust deed. They are also responsible for safeguardlng the assets of the charity and hence for taking reasonable Steps for the prevention and detertion of fraud and other Irregularities. Disclosure We, the Trustees of the charity, confirm, so far as we are aware. that: there 15 no relevant audit information of which the charivs auditors are unaware; and • we have tsken all the steps that we ought to have tsken as Trustees in order to make ourselves ovre of any relevant audlt Infomation and to estsbllsh that the charws audltors are aware of that informatbon. On behalf of the Board of Trustees Mr Terry Baker Chalr of Trustee5 Date: 160rtober 2024 PHILO TRUST-Annual Report of theTrustees forthe year ended 31 March 2024
Message from Chair of Trustees This annual report allows me the opportunlty to pause, reflect and give thanks for all of the ways that we have seen God at work through the ministry of Philo Twst thi5 last year. Alon8 wlth my fellow Trustees, we do not take for granted the privile8e of wltnessing the incredible things that God has done as we have sought to all8n ourselves wlth him and hi5 will. As in previous years, the staff team have held one 81ble verse for the year. The verse thls year was Romans 15.13: 'May the God of hopefill you with ollioy ondpeate os you trurtin hirn 50 thatyou moy overflow wlth hope by the power of the HolySw'rlt.' The Dirertorfs Report on the followlng pages report5 on the work that has been achieved thi5 year, but from my posltion as Chair of Trustees. I truly believe that the joy. peace and hope that Is mentloned In the Bible verse ha5 truly pemieated into the way that each of ourteam members has gone about thelr work and ministry. Th5s has been a Joy to wltnes5. Slnce the formation of Philo Trust there have been numerous opportunlttes for In-person ministry. This year, JJohn and Kilty have Served the church around the UK, USA, Singapore, Greece and Australla. As ever. mlnlstry has focused on proclamation evangellsm, equipping Christian5 to share their faith, and mentoring other evangellsts. We colnue to produce resources for evangelism and ft has been wonderful to see a number of new print fesources made avallable thls year. notably a booklet to commemorate the Icthh anniversary of Eric Liddell's vlctory In the Parls 1924 Olympi¢s. On behalf of the Trustees, I would like to take this opportunityto thank Jjohn. Killy and the staff team and contractors we have worked with who have been exemplary In all that they have done in this last year. I would like to extend my own gratitude to our frfends, supporters and donors. Thelr support has enabled this important work and mlnlstry to reach hundred5 of thousands of people wlth the 805pel. Finally. l also iake thls opportunlty to thank my fellow Tru5tee5 for their wisdom and work whlch they bring to Philo Trust. Mr Twry Baker Chalr of Trustees PHILO TRUST-Annual Report of theTrustees tor the year ended 31 Mar¢h 2024
Annual Report of the Director Philo Trust 15 committed to evangellsm through proclamatlon, tralnin& mentoring arKI resources. We have had many opportunities to share the relevance of Christianity In thls year and l am dell8hted to share them with you in this report. Evangelism through Proclamation We are committed to proclaiming the Good News of Christianity across the UK and around the world. Thi5 year, we have witnessed an increased number of people in tears a5 they have responded to the gospel. We believe that thi5 15 a Sign of people experlendng new-found hope in the mldst of the trlals that many people encounter In day-to-day Ilfe. Evangelism through Training We are comrnltted to tralnlng Christlans to share thelr falth. This yearwe have had a number of opportunities to tfdin and equip Chrirtians to share thelr falth through friendship evangelism. Kllly and I have spoken at a number of overseas training events in Singapore. Australla, Florfda and Dallas. Evangelism through Mentoring We are committed to mentorlng and coachlng other evangelists. The annual Evangeli5 Conference continue5 to bring together evangellsts from all over the UK and increasingly from overseas. We have held a significant number of one-ttrone meeting5 With other evangellsts. Evangelism through Resources Our re50urce5 continue to be used by churches and Chrlstians to Èncourage those with no faith to better understand Christianity. Our range of digital resources. broadcast content and other dlgltal medla contlnues to be wldety used by many churches and indlvlduals worldwide. PHILO TRUST-Annual Report of the Trustees forthe yearended 31 Marth 2024 io
Our opportunities: Proclamation Proclamatlon evangelism events are opportunltles to creatively and clearly communlcate the Christian message and encourage people in their journey of falth. We work In partnership with local churches to support their ministry and wider tommunlty. Across the Unlted Klngdom As part of our commltment to help the church In the UK build stron8 foundatlons to share the Good Nèws of Jesus, we have endeavoured to travel broadly to churthes of varying sizes and denomlnations. Where posslble we focus on events that a widè variety of the public can acce55 free of charge or with a nomlnal cost to attend. With good 5UPPOrt from Phllo Trust staff, we we able to travel, speak and see many encouragln8 responses. Thi5 year we partnered wfth,. Kenslngton Templè. Nottln8 Hlll: I preached two evan8ellstic sermons at Kenslngton Temple in London. St PauV5, Hadley Wood: I spoke at thls local Anglican thurch. DARE Conference, Northampton: I spoke to 1,000 women who gathered at the Old Savoy Theatre In Northampton from across the UK. Hosted by Elim Northampton, this conference sought to build up women to discover and use their gifts to make God's lovè known wlthin their communltles. One church, Lekester: I preached at two evangelistlc Sunday services as part of a weekend of events reachSnE the wider community. Rld8ewry Communlty Churth Dld¢ot: I preached at thi5'+1 Guesv ser41ce. Women ot God Conference: I spokè twlce at this conference in Somerset on the theme of'Look Up, Look In, Look Out. Killy and l also took part In a Q&A 5e55ion. The organisers shared the following: CHU I'm wrlting tc• extend my heartfrft gmtitudefvrJJohn ond Kill5 Involuoble contrlbution to making RISE UP on e%troordincry conference on Soturdoy. Thelr Sessions deeply Impocted the ladies in ottendonce, and we're thrilled to report thot many have made bothfirst-time cornmitments ond recommitments. Thls Is a powe1 te5tomenr to the goodne55 of God working through theirme55oge5 ond uch session. Ourtecm remalns steadfast in prnyer, bellevlng thot the seeds planted during the confrrence willyieldobundontfruit in due time. . . ThJnkyou once againfor their inspiring presence and impactfvl 5e55ion Throughout the year I spoke several time5 at My home church, Christchurch in Chorleywood. We have found the Support of our church invaluable over the years and I have appreciated the PHILO TRUST-Annual Report of the Trustees forthe year ended 31 March 2024 li
opportunlty to speak where our schedule allows. A particular highlight was SPean8 at two evan8eli5tic Christmas servlces. Internatlonal Mlnlstry We also had the opportunity to partake In Intematlonal minlstry trlps in the USA: C3 Trfnlty. Dallas: I had the opportunity to vlslt thbs church and preached three evangelistlc sermon5. Cornerstone Church, SlnEapore: It was a joy to speak at a '+1 Guesy 5eThiice and also teach on how to be natural in the way we share our faith. The Rfver Churth, Florida: I preached the gospel at thelr outdoor Sunday service. Tlmes Square Church. 14ew York: I had thejoy olvlsltlng this iconlc church on two occaslons this year and preached evangelistic messages. Zoe Church. Thessaloniki:15poke at a local church in The55?loniki. Greece. It was a Joy to see some of those present recelve Chrlst. Falth ChrlMian Church. Dandenong, Australla: I preached an evan8eli5tic message at two guest services. Hopè UC. Charnihaven, Auslralla: I preached an evangelistlc messa8e attheir church onference. The Chuich of the Apostlès, Atlanta: I preached at guest semces aimed at those on the fringe of Chrirtianlty at this lar8e church in Georgia. Awaken Church. San Dle80: I dellvered an evangellstlc me55age at this remarkable church that is paSt0d by Jurgen and Leanne Matthesius. Thirty-Six years ago I preached in the Snakepit Stadium in Wollongon8, Australia, and Leanne Ithen a teenager) received Christ. Elghteen years later, Leanne and Jurgen flew to San Die80 wlth their young famlly and have now planted elght congregations with an attendance of 12.1)Jo. It Is Incredible to think of the fruit bom by those early ministry trips to Australla and many other countries In the'80s and '90s. p• PHILO TRusf-Annual Report of the Trustee5 for the yearended 31 Marth 2024 12
Dream Center, Los Angeles:15poke at a mid-week Èvent for the church that was attended bythose on thelr programme recovering from drug addlrtlon. A5 ever, It was a joy and prlvilege to preach the gospèl; however, it was equally an in5plratlon to hear some of the incredible stories of transformatlon from those who had 8one thmugh the recovery programme. We are all broken people and we can only be healed in the broken body of Christ. Falth Assembly. Orfando: I preached the 8ospel at this largè thurch in Florida. The church sent us this message following the seNlces- TheAltor Callfmm the three servlces on Sundoy momlng ocross our three campuses sow over 600 people acpt Je5U5 und/or recommit theirlives to Jesus. Proise Godl Those 600+ people qre beingfvllowed up this week qnd Invited to toke their next5tep. Hlshlind Park preserfan Clwrch. Dallas: I spoke at two Sunday mornlng Services in this iar8e Presbyterian churth. There were a sl8nlficant number of people responding to the message at the end of each service. Lon8 Holl¢)w Church. Nashvllle: I preached the gospel at thelr Sunday mornlng servlce. There were 6,000 people In the congregation and it was a Joy to see many recefve Chrlst. In the Bible, Jesus spoke to large crowds, but also in the homes of those he stayed with. Killy and I try, where possible, to do likewlse. In one home where we shared the gospel. It was incredible to see three people present receivè Chrlst. In another of these vi5it5,1 led a dottor to Christ followln8 a meal with friends. He was shocked to discover that it was Jesus who said. You must be bom 8aln,' and that thls was in the Bible. Rejoicing In heaven arrfl on earth. Easter Easter fell twice across th15 last flnanclal year and I had the privlle8e of mlnlsterlng In local churche5 who used the opportunity to Invlte thelr local communities to unlque celebratlons of thls festlval: Hope Huddersfield120231: Ajoy to share the gospel with churches across Huddersfleld In the Town Hall. Landon Rlverslde Church12023): I delivered an Easter message in the Da8enham & Redbridge FC stsdlum wlth the comblned Churches that make up London Riverside Church. Soul Churth. Norwl¢h12024).. A prlvllege to dellver an Easter sermon at thls contemporary church in Norwlch In their bran&new buildin8". 2,402 attended the two servlces, 69 people PHILO TRUST-Annual Report of the Trustees for the yearended 31 March 2024 13
received Christ and many more re¢ornmitted their lives to him. It wa5 a joy to witness 75 people be baptised later that dav. Chrfstmas We partnered wlth groups of churches Sn towns and cftles across the UK to share the Good News of Chrlstmas. These events have not only been opportunlties for people to hearthe story and meaning of Chrlstmas, but have also provided churches With the tools and relationships required to host larBfr5cale event5 in the future. We were delighted to partner wlth multlple churches across local areas: Torbay: 1.200 people gathered at the Rlvlera Intematlonal Centre in Torquay. Devon. to hear an e¥an8eli5tic Chri5tmo5 message. Hull: 2,400 people gathered across 2 services to hear a Chrlstmas message in Hull Clty Hall. Twenty churchesJolned together to host these carol serylces. which included a local choir and live band. WarrlibBt¢xb: I spoke at the Halllwell Jones Stadlum Whe 3,OC#) people gathered to hear an evangellstlc Christmas messa8e. Thlrty churches were Involved in the h05ting of thls event which was a culmlnation of a yearf5 mlsslon chorle¥00d. I delivered two Christmas messages at my home church in Chorleywood. PHILO TRUST- knnual Report of the Trustees forthe year ended 31 March 2024 14
Our opportunities: Training Training Christlans to be more intentlonal in communicatlngthe relevance of Christianty has continued to fonn an Integral part of our mlntstry. We work with ¢hur¢hes and organisationsto equlp and inspire Christiansto share thelr own personal story of falth through prayln& carlng and sharfTha. Throu8hout the year I was able to partlcipate In conference5 for churth leaders, toencourage and challenge those attending to lead the church with an ¢xrtward-facin& 8ue5t-orientated mlndset I spoke at a Preachlng Workshop in St Matthev/s Cathedral. Dallas. Texas. I tau8ht I,Crf)O church leaders, representlng 3(X) thurche5 from the ACC network In Australla. how to encoura8e thelr congregations to be more Intentional in prayin& caring and 5harlng. A prlvllege to mlnlster at this three-day conference. I conducted evangelSsm tralnin8 for the staff and leaders at Cornerstone Chur¢h. Sinolpore. I spoke at the Annual Mlsslon Day for the EpiKopal Dlocese of Dallas for 200 leaders presentlng 65 churches. I conducted evangelism tralnin8 at the Bible School at The Rlver Church, Florfda. I met with the stsff of Tlmes Sou•re ChuKh. Yort and shared principles of how we can share our faith. SAINTChurch, East London: I spoke at the monthly pa5tor$ 8atherfn8. whlch Includes SAINT cler. ordinands and pastoral staff. Thls year we supported the followln8 congregation5 and organi5ations: Lo¢al Churches in Leicester. a 8roup of churche5 from across Leicester attended a training evening to be more intentlonal in personal evangelism. Blble Colle8e of Wales Graduatlon. Swansea: I spoke to students and their guests from 11 nations as they graduated from the School of Ministry. A5ceTr51on Trust & Streel Pastor5 Annlversary Celebratlon: I was the speaker for thls event that celebrated the work of Ascension Trust over the last 30 years. The event also commemorated the remarkable work of Street Pastors on thelr 20th anniversary. Hope UC Gatherln& Au5trnlia: I conducted j evang8llsm tralnlng at thls conference. PHILO TRUST-Annual Report of the Trustees for the year ended 31 March 2024 15
Repli¢Jte Collertlve, Nashvlll•: I was Interinved and then participated in a Q&A for a programme with over 120 church and mlnlstry leaders. Kllly spoke to 50 women from the Lfving in Faith Together group at London School of Theology. PHILO TRV-Annual Report of theTrustees forthe yearended 31 March 2024 16
Our opportunities: Mentoring Philo Trust Seeks to help support and mentor those who work to share the Chrlstlan falth. Thls takes a number of fonns such as speaking'one-on-one, with individua15, an annual Evan8ellsts' Conference, onllne gatherings of groups of evan8ellsts and supporting our associate evan8elists. Evangellsw Conf•ren¢e 2024 The Evangelists, Conference. organi5ed by Philo Trust, provides a unique opportunlty for evangelists to learn and be Inspired for the year ahead. The conference continues to attract an Increasing number of Intematlonal delegate5 and thls year It was wonderful to welcome people from Greece. Italy, Malta, Serbia, Moldova and the USA. They told us that they came to the conference as thwi didn't have a conference for evangellsts In thelr country. Speakers in January 2024 induded Mark Ryan, Dr Sally Bell, Noel Robinson, Matt Summerfield, Allson Fennin& Kelth 'Mltch' Mltchell, Mark Greene and Paul McGee. Addltionally. the conference intentionally provides extended time and space for evangelists to network. Here are a few comments from thls yearfs dele8ates: The Evangeli5ts' Conference Is the unmissablestart to myyeor. its blend olretreat and refresh, encoumgement and challenge, brlnq o much-neededfvelling up ond Inspirotlon to Jump Into the yeor oheodfired up ondreody to go to bring the Good News ofJesu5 through my ev¢Jngellst mlnlstry. lfvund the Conference SO inspiring ond am stillprocessing oll the amozing things we heunl. I hove olready booked to come ogain next yeorl Thonk5 $0 muchfvr allyou did before andduring the Conftrence to make It such on outstanding experieneefvr us oll. It toke5 o lot to ochieve exllenCe ondlt takes o lot to malntaln It too. I much appreciote It. Thls wos myfirst time at yourcvnference lfvundita real blesslng ondinspiration. PHILO TRUST- Annual Report of the Tru5tee5 forthe year ended 31 March 2024 17
Asso¢lates We continued to place a specific focus on mentorfng associate evangelists. Sam Rennle and I meet regularly with a550ciates throughout the year and also at a thredaY retreat organlsed by Philo Trust. These meétlngs wlth small groups of minlstry leaders gfve an opportunity to network and refocus. We invited Zach Meerkreebs to speak at our associates, retreat. Zath was present during the Asbury University revival and shared hi5 thought5 and reflertions to insplre us for the mission we are called to. Kllly John and I have also met one-on-one wlth more than 50 assoclates, evangelists and mlnlstry leaders. PHILO TRusf-Annual Report of the Trustees for the year ended 31 March 2024 18
Our opportunities: Resources We seek to résource a wlde variety of individuals to better understand and communlcate the Chrlstlan falth. We do so through a variety of methods and plarforms, both digitsl and in print. We have seen a significant increase In thls area of our work and are dell8hted to see our resources being used by more people than ever before. We received many storles throughout the year of how our resources helped people in their journey of faith. We are alway5 Partlcularly encouraged when churches and Christlan5 order resource5 to 8ive awayto others. Here are y>me éncouragements we have recelved throughout the year: I connot tellyou how much l om blessed by thls wonderful reod [Heroes of the Falthl. Oftenlllllng myeyes with teor& All these beoutifvl Christian men and women who soldlered on despits whatever thelr challenge5. ljust wonted to thankyoufvr yourexcellent research ond anolntlng In writing thls book. Love love love this book ljesus Christ-The Truthlff Really Isfantastic on4115 one I Ilke to go back to regulorlyl My doughter obsolutefy loves her book tThe Chrlstmas Story]111 The best Chrlstmos story she ho5 everretyd. Publlshed Books Phllo Trust continue5 to publish books that convey and communicate Christlanlty to a wlde audlence. This year we have publlshed: Jusllo: God's Tlmeless Value5 for LlfeToday Thi5 book Is an In4epth study of each ol the Ten Commandments. It follow5 the same fomiat and style a5 the jurtlo video series and Is sulted to individua15 wanting to 80 deeper Into each of the commandment5. PHILO TRUST-Annual Report of the Trustees forthe yearended 31 March 2024 19
Heroes of the Faith: Volume Two Thi5 Second volume of ChrSstian heroes was a labour of love for myself and our team. Across both volumes. it has been an incredlble privilege to retell the stories of 110 Christian heroes. Thls second volume took many hours to research and wrSte. and our deslgn team superbly presented these inspirational storles with beautiful Illustrations ind hundreds of photographs. Running the Race of I wrote and the team have produced this Your Llfe: The Story short booklet to be glven away durln8 the of Eric Uddell Olympic and Paralymplc Game5 in 2024. We anticipate that it will be used by churches and individuals and look forward to reporting on its impact In next yearfs annual report. RACEOF YOURLIFE 11 Chrlslmas at the This is another'8lveawaTrl book that communlcates some festive reflertlons on ten of my favourlte Christmas films. Many Christian5 ordered copies of thls book to giveaway to thelr frlends and family on the frlnges of faith. &i.pJ rrtles contlnue to be available for th05e who are bllnd and partially slghted through our partnershlp wlth the Torch Trust. Where available, we have promoted these on our webslte to encourage thelr use. We have continued to donate books to children'5 h05Pita15 and h05pices throughout the year and have expanded thls project to enable us to also donate books to prisons. One children'5 hospital shared the followlng message with us. They also shared a number of personal stories from lents and their families (these have been redacted for privacy reasons). PHILO TRUST-Annual Report of the Trustees forthe year ended 31 Marth 2024 20
Thonkyou so muchfor the donation ojyour Easter Story booksfvrAlderHey. We held on Eoster event todoyand handed out o Lorof books- It was hord tofind a childin the hospital who didn't have a I0* by the endl spin•1 C•ie T¢•m Listeninc Ear The books were incredibly well reiVed by both the children and the pt7rents. Handlng them out also inltiated50me reullyspeclal conversation5 With fvmilies. Artl¢les Over the course of the year we have produced 41 artlcles to resource Christians. There were 92,699 vlews of articbes on canonjjohn.¢om in the last year. Additionallyi 307,928 e-letters were opened that includÈd an artlcle as their main feature. We have been encouraged by the global dSstrlbution of my artleles. In addition to the list below. the followlng articles were published in The fjmes newspaper. Great Stories change Ilves Wthey are real and relevant- Easter Is both- 30th March Forget secret Santa. Be an anonymous angel instead- 23rd December Why schadenfreude is not alway5 harmle55 fun- 8th Juty This year, artlcles were featured in: The firnes Newspaper (print and onllne, UK) Joyl New5 {online. South Africa) Sorted Mogozlne lonllne. UK) Inspire Magazlne lonllne, UK) Keep the Forth (online, UK) Thlnk Eternity (online, USA) Higher Ground (part of ihe Washlngton Tlmesl lanllne, USA) Together Magazine Iprlnt, UK) Church of Englond Newspaper Iprint, UK) Treodgold Executive Development lonllne, USA) Chri5tlon Today (online. UK) We were notified that many of my artlcles were translated into Serblan and shared through local commun6ties. PHILO TRUST- Annual Report of theTrustÈes for the year ended 31 Marth 2024 21
Article5 released this year include: Paid on the Nail David tiving5tone Palm Sunday On Seeing Spring 'It is Well wlth my Soul, Thriving in Time5 of Turbulence Why Keep Lent? DElUttering Uttle Ufe Lessons Ifour-part series) Dolng a Beautifvl Thing for Jesu5 What Christmas Means to Me Vthat Does God Want for Christmas? The Great Escape A Mother of Faith A Lament for the Church of England The Anatomy of Fathering Pentecost The Stste of the Nation: Fi8ures, Faith and Futures Empty Tornb. Full Lrfe Durlng the year. we also released 70 dally refiectlons on the Ten Commandments to eorrespond with the release of the justlo serie5. We recelve many response5 to each blog that Is released. It Is alV¥S a Joy to see people Interact wlth these resources. particularly when they have a lrfe-changing irnpact people such as the person below, who wrote in response to my artide Yhriving in Times of Turbulen. I've Just read yourl¢7rt1cleJ andftft the urge to thank you sincerelyfor the words ond quidonce you regulartyprovide. My me550ge will peTIp5 get10st among monyslmllor me550ges nonetheless I want to thank youfor howyou ve helped me in my journey to redlscover myfolth. You've truly helpedme to 5tOP 5earchingforfort5. eden and logic and Instead to rnpty give myself over to the love of God. How wonderful itfeels and whot o surpnse it hos been. Why dld I toke so long to retuml Now, 0$ port of my locol church community lftelport of something thatgive5 me a comfvrt wildty beyond what I thoughtlt wouldbrlng Into my Ilfr. I'm nelther o lonefyperson norllvlng a Ilfr of any51gnlficant hord5hip. indeedl have much to be very gratefvlfvrandyet this lovefor the Christianfaith has enriched ollports of my Ilfe. The church ond our locol community therein hove become realfy important to me and you have plL7yed t7 5ignificont part in me opening my hecrtand my mlnd to this to enoble It to be so. PHILO TRUST-Annual Report of the Trustees forthe yearended 31 March 2024 22
Dltal Resources- YouV•rslon Blbl¢ App We currentty have two Bible Reading Plans on the YouVer51on Blble App. In the last year 108,189 people subscribed to The Lorfs Prayer reading plan and 62,007 of those completed it. 5.886 people subscrlbed to the Ten Commondments//Re-Imagined reading plan and 3,682 of those completed it. The plan5 hwe an average rating of 4.65 out of 5 from 26.402 ratlrogs. Ditsl Res4wrces- Justlo Following thè filmlng of my justlo series as reported last year, we launched and released our jUStIO video resources in May 2023. These resource5 have been designed to be used by churches, small groups and Indlviduals. Across the entire justlo package. we Teleased: lustlo website: thls hosts all of the video content and support for those runnln8 the serles in groups. as well a5 Other helpful inforn)atlon. Jurtlo: Full LÉn8th Talks: each epi50de15 28.30 In duratlon. These have been watched by individuals and churches who are running the series. Justlo: Conversatlon Starter: these short 1MinUte episodes are'highllghv epSsodes gulding the viewer through the content In blte-sized section5, anql include question5 designed to inltlate gmup conversation. Justlo: Bo¢k: published for individual study Justlo: Partlclpanvs Journal: a free downloadoble joumal for those studylng the serie5 in group5 and churches. Austlo: Church Leaderfs Guldw. a free downloadable tool to help leaders maximise the opportunity that running a Justlo series offer5. Downloadable promotlonal materfals: we have made available a nurnber of sodal medla Posts and logos to help churches promote the series. In 2023-24 the full-length tslks have been viewed 79,125 times acr055 jUStIO.org and YouTube. The videos have been downloaded 1,127 times. which is a useful feature for churches wantin8 to play the vide05 through presentatlon software. We expect the artual number of vlewers Is much hl8her than the numbers above due to many people watchin8 thls content In groups and churche5. In 2023-24. Justjo.. ConVerSatk Starterwas vlewed 3.580 times on ju5tlo.org and downloaded 1,936 times. PHILO TRUST- Annual Report of the Trustees forthe year ended 31 March 2024 23
A number of church leaders who have used these new resources responded with the followin8 feedback: ljust wonted to 50ya big thanksfor the updoted Justlo resources. We recently ran the 5erles at our church, and ifs been a great series to teach. wlth the book, note5 ond videos all enhondng the use. Oursmollgmups usedthe online content during the week ondpreochers delvedlntoJJohn'5 bookfvrfurther content on Sundaymornlngs. Overall, justlo Is o greot5eries which covers so many of the loundotions offaith and Christiun living. I think the serle$1s o greotdisthple5hip tool ond we willbe looklng to useJustlOpost-Alpha Course in thefuture. So mt7ny of the Christian fvundotlon5 that have been lostln sodety in recentyears con be tolked about andbrought to theforefmnt oIdtscussion through thls serles. Thqnk youforproduclng Justlo In th15 cUrrentAomt andformoklng itfreely (M7ilable. My wrfe andl ore rnnnlng it ot ourchurch. and ithos been very well recelved. We hove now completed3 weeks of thefullhay-lwui talk5 and we also pmvide drink5 and cake wlth opportunltyfvrdiscu$5ion. In thefirst week a lody, who dt)e5 not go to church, sold the ppeolproyer which condudes the tolk Thls series on the Ten Commandments is a real blessing. Thank you. PHILO TRUST-Annual Report of theTrustees *orthe year ended 31 Mah 2024 24
'Digital Platforms, and Broadcast Summary Dlstrlbutln8 digital content. whether wrltten. audlo or video, has been a contlnued area of growth for Philo Trust. We use a number of platforms as a tool to ald our work in the proclamatlon of the Christian messa8e, equlpplng Christians and re50urclng the church. The content shared to these platforms Is deslgned to encourage and inspire ourfollowers. We use a range of videography. audio, motion graphics, photography and graphlc deslgn, much of vthlch Is extracted from Sermons, Focing the Conon interview¥ and books. We currently focus on the followlng broadcast, dl8ltal media and soclal medla platforms: Instagram l@JJohnglobal) Facebook l@iiohngloball YouTube l@Mohngloball rikTok l@iiohnglobal) Pod(05t {The JJohn Podcast) Televlslon networks we Currently broadcast on: o GOD TV (UK, USA Africa, Asla, Australia) o Shine TV (New Zealand) o Kanal 10 (Sweden and Finland, Northem Europe) Revelation {UKI o New Hope TV Ilndla) Radio: o TWR-UK UCB Ireland Branch FM o Pure 2417 Radio o Konnect Radio Youverslon Blble App Pray.com Inst4ram We have been delighted to see our In5ta8ram profile continue to reach new audiences with the gospel. Our Instagram channel had a reach of 4.21XI.QOO In 2023-24, an increase of 35.8% compared to the prevlous year. In the 2023-24 finanaal year, Instagram followers Increased by 66% to a total of 124,600 followers. PHILO TRusf- Annual Report of the Trustees for the year ended 31 March 2024
The content we shared aimed to encourage a we audience to engage with Christianity and make faith in Je5U5 a prlority In thelr Ies. Facebook We have seen continued growth on Facebook. In 2023-24 we saw an 11.2% Increase in FaboOk followers, rising to 77,4(Kl followers. Our Facebook page had a reach of 4.6 million In 2023-24. Thls year, vbdeos on our page were viewed for a cumulative 2.4 mllllon minutes. Posts to the page recetved a combined 181.8LKJ likes. reaction5. comments or share& As wlth Instagram, the content we shared almed to encourage a wlde aUdIen to engage wtth Chri5tianty and make faith in Jesus a priority in their Iwes. TheJJohn Podcost recelved a hugely encouraging 155,880 download5 in 2023-24. 46.7% of Ilsteners were in the Vnited Kingdom. 20.YA in the United States and 13.2% were in Austrdlla. Other countries with a notsble listenershlp Include Canada, New Zealand. Sin8apoTe and South Africa. The podcast follow5 our broadcast schedule for Trf and radlo and gives listeners an opportunty to listen to high-quality Christian content focused on encouraglng a wlde audlence to understsnd more about Christianity. One listener sent us the follovAn8 encouragement: I hod been a Chri5tianfor over30years but not o reolfvllower of Jesus, even though there were moments of breokthmugh. I relied Dn others, teachings and was o lozy bellever. I did not reod God's Word much orspend time in t7 lot of prayer. In short, l rnight have looked Ilke a tree but there were no deep roots. When my sister. who w¢75 o bet7utrfvI believer and had trustedforheolinth died, myfolth rumbled. Anger ond di517ppointment took over. For 5 yeors my heartgrew horder ond horder tll the last ember was nearty gone. Recently, I decided to listen to yourpodca5ts (I rememberedyou beingfunny) to help me sleep as l often had trouble. I stirred ont night and in the middle of one of your interviews yourgue5t wa5 recounting on event when he ond hi5friends were nearby o church ond one of them went in to give the priest a hard time in confession. The prlest told hlm to go outslde ond look up at the cross ond 50y, I don't Ct7re.' When he tried to do that, he realised he couldn't. Thot mornent 50ved him. Th¢7t moment saved me too. I realised I couldn't soy those word5 either. That wos my turning point. I hove o second chonce now to be o truefollower. I loveJe5U5 my Bible time. my proyer time ond l am learning how to share myfaith, l arnfinolly beginning to walk the walk. PHILO TRUST-Annual ReFX)rt of the Trustee5 for the year ended 31 March 2024 26
YouTube We have contlnued to see much fruit from uslng YouTube to share storie5 of faith. Our YouTube content Includes our weekty TV series and other short ¢llps. The number of subxribers on our YouTube channel grew 31.7% In 2023-24 to a total of 29,116 subscrlbers. Sub5criber5 are those who choose to be notified any tlme we post vldeo. and so to see our channel grow by close to a thlrd In one calendar yeor is deeply encouraging. Thls Increase represents 7,IIXI new YouTube subscriber5 in 2023-24. which is an 5ncrease of 14.5% In our rate of growth cornparèd to 2022-23. Our YouTube channel had 1,239.549 views In 2023-24, an Increase of 21.2% compared to 2022-23. These 1.2 million view5 equate to approximately 120,400 hours of Mewing tlme. 30.1% of our viewers are based In the UK and 29% are based in the United States. There are also signlflcant numbers of vlewers In Australia, Canada. South Africa, Indla and New Zealand. Addltlonally. our historic kning the Canon interview5 on a separate YouTube Channel have recelved 154,501 views in 2023-24 and an addltlonal 927 5ub5cribers. Websttes Our websltes remaln an Important slgnpost to content and an Integral part of our Stratt0 communlcate the releThee of Chrlstlanlty to a wlde audience. They Inform vlsltors of our charltsble objective5, our events and the resource5 produced by the Trust. We have a range of resources avallable free of charge and others available to purthase onllne. Content on our prlmary website Iwww.canonjjohn.coml 15 artivèly updated throughout the year. We have continued to refine the user experience and iterate the design to keep it current and to better cross-link resource5 and media across the site. The canonjjohn.com webSe ha5 been vlsited over 831,lJ)O times by more than 608.900 people slnce its launch In 2019. The Evan8elists' Confereno webslte has been v151ted over 40,IXhl tlmes by more than 31.000 people slnce Its launch in 2017. The Justlo website has been vlsited over 34.000 times by more than 16,000 pople slnce its launch in 2023. Bmadcast Our wèekly broadcast has reached hundreds of thousand5 Of people over the last year. The serles alrs on GOD Trf. 5hlne TV, Kanal 10. Revelation TV. New Hope TV. T¥VR-UK, UC8 Ireland, Branch FM. Pure 24-7 Radlo, Konnect Radio, YouTube and Facebook. Episodes were shared on TheJ.John Podcost and short cllps from eplsodes were also shared on social media. These short dips not only provide insight and Insplration to the viewers, but they also slgnpost to the fijll intervlew. PHILO TRUST-Annual Report of the Trustees for the year ended 31 Marth 2024 27
Today withJJohn con5i5ts of a variety of intervlews (Facing the Conon) and sermon5. Our Intervlews hwle the dual purpose of sharlng insplratlonal storles to help people in their own journey of faith and allowin8 Other mlnlstrbes the opportunity to share the platform we have been blessed with to a55i5t them in their mi55i0n and mlnlstry. In the last year, the following inteNiews were broadcast: Simon Allaby- Evangelist wlth a heart to Use storie5 to Share faith. Pat Allerton- Church leader known as the'Portable Prie5V during the coronavtrus lockdown. Arun Arora- Church of England Blshop. Terry and Juanlta Baker- Church leader5 and Tru5tee5 of Philo Trust. They shared about miracles. marriage and eeneroslty. Amy Boucher Pye- Authrff, Speaker and spiritual director. Matt Brown- Digital evangelist. rim Dllena- Senior Pastor of Tlmes Square Church. New York. John Edwards- Evangelist with a life-changing storyfrom substance abuse and homelessness to finding true freedom. Allson Fennlng- Evangèlist wlth a pa55ion to see people from all walks of life connert wlth Jesus. Mick Fleming- Church leader whose Ilfe was transfornied from crlme and addietlon when he dlscovered God. O.S. Hawklns- Pastor, author and Chancellor of Southwestern Baptist Theolo8lcal Seminary, Fort Worth, Texas. Rachael Heffer- Head of Mission at the Evangelical Alliance Les Isaac- Founder of stet Pastors. Rachel Jones-Author ofA Brief Theology of Period5. Sam D. Klm- Harvard-troined ethicist and co-founder of 180 Church. New York. Phil Knox- Evangelism and Missio108y Senior specialist at the Evangelical Alliance and author of The Best of Frlends. John Lawson- Experlenced life-changlng transforniation whllst in prison. John had terrninal cancer whilst on the programme and discussed his attitude towards lrfe and death. John lost his battle wlth cancer and was promoted to glory In Aprll 2024. Greg Laurie- Senior Pastor of HaNest Christian Fellowship. Cathy Madavan- Speaker and author of Why Less Means More. Barry Megular- Christian businessman with a passion for evangellsm. Eric Metaxas- Broadcaster and New York Tlmes Be5t-sellin8 Author. Mitch- Former fireman tumed evangelist with a vision to reach the island of Ireland. Nigel Mumford Itwo episodes)- Pastor and former Royal Marine. now mlnlster with partlcular focus on seeln8 the mlraculous and minlstry to veterans. Alanzo Jullan Paul- Apologetics and reaching young people with the gospel. Geoff and Hope Prlce (two eplsodesl- Angels and mlrades. Terence Russoff - Church leader with a remarkable story of having a vlslon of Jesus. Fergus Scarfe- UK and Ireland Regional Direttor for GOD TV. Glen Scrlvener- Creatlve evange115t wlth a passion to use medla to share the gospel. Ward Simpson- CEO of GOD TV. Slmon Thomas- Broadcarter and author. PHILO TRUST-Annual Report of the Trustees for the year ended 31 Marth 2024 28
Will Van Der Hart-Chur¢h mlnlster wlth a passion to See healing in the area of mentsl and emotlonal health. Arianna Walker- CEO of Mercy UK. Joanna Watson- author of Light Through the Cmcks: storles of God breaklng through In difficult situations. Andrew Whlte- Fonnerly known as the Vitar of Baghdad. Philip Yan¢ey- Best-sellln8 Chrlstlan author. Four speclal eplsodes were broadcast: Faith Storie5 Christmas wlth j.john and Friends (3 episodes) The following sermons were also broadcast: The IntatiOn justIO: How to Find True Contentment Justlo: How to Hold to the Truth justIO: How to Prosper wlth a Clear Cons¢len justIO: How to Affair-Proof Our RelatIShIpS Iu5tlO: How to Manage Our Anger PHILOTRUST-Annual Report of the Tru5tee5 fortheyear ended 31 March 2024
lustlo: How to Keep the Peace wtth Our Parents justIO: How to Prevent Burnout justIO: How to Take God Serlously justIO: How to Know God justIO: How to Live by Priorities Chri5tma5 Unwrapped Each episode is worked on by the entlre staff team, from prfrproductlon through to POSt- productlon and dlstrlbutlon, and Is shared across our dI8al piatfomis. belng adapted to best sult the platform and reach the widest audience possible. Radlo and TV There have been a number of opportunltles to loln broadcasters on radlo, p(Klcasts and TV ststions: DaystarTV Network: Killy and I were inlerviewed on Jonl Table Talk. The wnversation fcKused around 'Heroes of the Falth.. The Erlc Metsxas Show: Killy and I were interviewed on the Eric Metaxas Show. We feotured in two episodes and the focus wa5 'Heroes of the Faith.. Avery Tall Man: I was Intervlewed by Gary Hoog¥llet from Shlne TV In New zealand about life and ministry. The Cry: Kllly and I were IntenAewed by Revd Betty Klng for two epSsodes of her serles The Crf which broadcast5 on GOD TV. Prunler Chr15tlan Radio- Worship at Home: I shared an evangellstlc message on Premler Chrlstian Radlo during an interview with host David Senior. Parentlng for Falth Podcast: I was Intervlewed on thls Fxxlcast whlch equlps parents and ¢arer5 With tools to help thelr ehlldren meet and knowGod, Pure 24n: I was interviewed about my joumey of Ilfe and falth. Standlng TogethÈr. GOD TV: Kllly and I partlcipated in two programmes. Focus on the Famlly Broadcast: My talk Who God Says You Are, was featured on the Focus on the Farni radio network. PHILOTRusf-Annual Report of the Trustses forthe year ended 31 Mah 2024
We have been deeply encouraged by the opportunities we have been gNen this year to reach hundreds ofthousands of people through inprson events. resources. OntrODe meetings, broadcast and other forms of dlgitsl medla. Completin8 thls annual report. we are grateful to God for all the lives that we were able to Impact in 2023-24, and we are expectsnt for all that will happen in thè comlng year. Thanks be to God. Revd Canon JJohn Director Ihte: 16 October 2024 PHILO TRUST-Annual Report of the Trustees for the year ended 31 March 2024 31
Independent Auditor's Report to the Trustees of Philo Trust Opinion We have audlted the financial statements of Phllo Trust {the °charitf I for the year ended 31 March 2024 which comprise the statement of flnanclal actlvltles, the balance sheeL the cashflow statement and notes to the financlal statements. Including a summary of slgnlficant accounting policies. The financial reporting framework that has been applied in their preparation is appllcable lèw and United Kingdom Accounting Stsndards, including Financlal Reporting Standard 102 The Flnonclol Reportlng Stondord appllcoble In the UKand Republk Df Ireland {Unlted Klng(lom Generally Accepted Accounting Practi¢el. In our opinion the financial statements: 81ve a true and fair view of the 5tste of the charrws affairs as at 31 March 2024, and of its incoming resources and appllcatlon of resources. for the year then ended- have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practice: and have been prepared In accordance with the requirements of the Charltles Act 2011. Basis for opinion We conducted our audlt In accordance wlth International Standards on Auditing IUKI IISAS (UKII and appllcable law. Our responslbllftles under those Standards are further descrlbed In the Auditorf5 responslbilities for the audit of the financlal statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audlt of the financlal ststements Sn the UK Includlng the FRC5 Ethlcal Standard. and we have fulfilled our other ethical re5pon5ibilitle5 In accordance with these requlrements. We believe that the audit evidence we have obtsined is sufficient and appropriate to provide a basi5 for our opinion. PHILO TRUSf-Annual Report of the Trustees forthe year ended 31 Mafth 2024 32
Conclusions relating to going concem We have nothin8 to report Sn respert of the followlng matters In Telatlon to which the ISA$ IUKI require us to report to you where: the Trustees, use of the going contsm basls oAaccounting in the preporotlon of thefinancial statements 15 not opproprlote." or the Trustees have not disclosedin thefinoncia15tatements ttny Identffjedmaterlal uncertointie5 thot moytostslgnificant doubt cbout the charIt5 ability to continue to odopt the going concern bosls of accountlngfvra period of ot leost twelve monthslrom the dote when thefinoncial stotements ore outhorisedfori$5ue. Other information The Trustees are responsible for the other Informatlon. The other informatlon comprises the Information Included in the Trustees, annual report, otherthan the financial Statements and our audltorfs report thereon. Our opinion on the financial ststements does not cover the other Information and, except to the extent otherwise explicitly stated in our report. we do not expre55 any form of assurance conclusion thereon. In connection with our audlt of the financial 5tstements, our responsibility is to read the other Informatlon and. in dolng 50, ¢onsSder whether the other information is materially incon51Stent with the flnanclal ststements or our knowledge obtalned in the audlt or othekwlse appears to be materlally misstated. If we identlfy such material inconslstencles or apparent materlal mi5Statements, we are required tt> determine whether there 15 a material misststement in the finan¢lal statements or a matedal misstatement of the other Information. If, based on the work we have performed, we conclude that there Is a material mlsstatement of thls other Information, we are requlred to report that fact. We have nothln8 to report Sn thls regard. Matters on which we are required to report by exception We have nothing to report In respect of the followin8 matters In relation to which the Charities (Accounts and Reportsl Re8ulatlons 2tN)8 require u5 to report to you If. In our oplnlon: the Information 8iven in the financial ststements is Inconslstent in any material re5pett with the Trustees, report: or sufficient ateounting records have not been kept; or the flnancial ststements arè not in agreement with the attountln8 records; or we have not received all the Information and explanations we require for our audlt. PHILO TftUST- Annual Report of the Trusteesforthe yoar ended 31 March 2024 33
Responsibilities of Trustees A5 explalned more fully In the Trustees. reswnsibilities Statement set out on pages 7-8, the Trustees are responsible for the preparation of financial ststements whlch glve a true and fair vlew. and for such internal control as the Trustees determlne Is neceary to enable the preparatlon of financial ststements that awe free from material misstatement. whether due to fraud or error, In preparing the financlal statements, the Twstees are responsible for assessing the charitys ablllty to continue as a goin8 concern. disclosin& as applicable, matters related to 8oing concern and using the going concern basls of attounting unless the Tnjstees either intend to liquldate the ¢harfty or to cease operations. or have no reallstlc alternatlve but to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed a5 an audltor under sectlon 144of the Charftles Act 2011 and report In accordance wlth re8ulatlons made under section 154 of that Act. Our obJertlves are to obtain reasonable assurance about whether the financlal ststements a5 a whole are free from materlal mlsstatement. whether due to fraud or error, and to Issue an audltorfs report that Includes our opinion. Reasonable assurance Is a hlgh level of assurance, but Is not a guarantee that an audit conducted in accordance wlth ISAS (UK) wlll always detert o material misstatement when it exists. Misstatsments can arise from fraud or error and are considered material if. indNidually or in the ag8regate. they could reasonably be expected to influence the economlc declslons of users taken on the ba515 of these finandal ststernents. As part of an audlt In accordance with I (UK). we exercise professlonal Jud8ement and rnaintsin professional 5cepticism throughout the audit. We also: Identify and assess the rlsks of materlal mlsthtement of the flnanclal statements. whether due to fraud or error, design and perform audit procedures responslve to those ri5k5, and obtain audit evidence that is sufflclent and appropriate to provide a basi5 for our opinion. The r15k of not detectlng a material mlsstatement reSu5n8 from fraud Is hlgher than for one resultlng from error, as fraud may involve collusion, forgery. Intentional omissions, mlsrepresentations, or the override of internal control. Obtain an understandlng of Internal control relevant to the audlt In order to deslgn audlt procedures that are approprlate In the circumstance5, but not for the purpose of expressing an opinion on the effectiveness of the charl$ internal control. PHILO TRUST- Annual Report of*he Tru5tee5 for theyear ended 31 March 2024
Evaluate the approprlateness of accounting policies used and the reasonableness of accountln8 estimates and related disclosures made by the Trustees. Conclude on the approprlateness of the Tru5tees' use of the going concem basis of accountlng and. based on the audlt evldence obtsined. whether a materSal uncertalnty exists rèlated to events or conditions that may cast slgnificant doubt on the charit¢5 abillty to contlnue as a golng concern. If we Conclude that a material uncertalnty exlsts, we are required to draw attention in our auditorfs report to the related dlsclosures in the financial statements or, if such disc105ures are Inadequate, to modlfy our opinion. Our concluslons are based on the audlt evidence obtained up to the date of our auditorfs report. However, future events or conditions may cause the charlty to cease to contlnue as a going concern. Evaluatè the overall presentation, structure and content of the financial 5tstements, Includlng the disclosu$, and whether the financial ststements represent the underlying transacti0Tr5 and events In a manner that achleves falr presentatlon. We communicate with those charged with governance regardlr& among other rnatters, the planned scope and tlming of the audit and signffi¢ant audlt findin85. including any sl8nlfKant defidencles In Internal control that we Identlfy during our audlt. Use of our report Thls report15 made 501ely to the Trustees of the Charity, a5 3 body. In accordance with Part 4 of the charities (Accounts and Reports) Regulations 2008, Our audit work has been undertaken so that we might state to the Trustees of the Charity those matters we are required to state to them in an audltorfs report and for no other purpose. To the fullest extent permitted by law. we do not accept or ?55ume responslbllity to anyone other than the Charbty and the Trustees of the Charlty as a body, for our audit work, for thls report. or foT the oplnSons we have formed. Pofvrn Blan¢• Permal FCA Dux Adv150ry Limited Chartered Accountsnts and statOry Auditors Kennel Club House Aylesbury Bucks, HP19 8DB. Date: U N¢NErnbor tha4 PHILO TRUST-Annual Report of the Trustees for the year ended 31 March 2024 35
Statement of Financial Activities For the Year Ended 31 March 2024 Unr•StrI¢ Total Unrertrlrted Funds 2024 Funds Total 2023 In¢omo & Endowments fram: Donations and legacies Investments Charltable actmtles: Sale5 Other Income Income from royalties 809,610 809.610 2,810 2,810 938549 237 938,549 2.037 190.663 190.663 188 188 360 360 183,140 150 183,140 150 Total Income and endowments LiJ)3,631 1,IX>3,631 1,123,876 1,123.876 Expendlture on: Raising funds Charltable activities 5,359 5,359 1,051.318 L051,318 5.116 5,116 1,120,359 1,120,359 Total expendlture 1,056,677 1,056,677 1.125.475 1.125.475 Net Incom•/lEMpendlture) ftythe year 153,046) {53.046) 11,599) 11.5991 Transfers between I15 Total funds brought fonvard 525,872 525,872 527,471 527,471 Total fund$ ¢aYrled forward 472,826 472,826 525,872 525,872 PHILO TRUST-Ant)ual Report of the Trustees for the year ended 31 March 2024 36
Balance Sheet As at 31 March 2024 2024 2023 Fixod Assets: Talble a55ets 45,356 67,661 Current assets: Stock Debtors Cash at bank and In hand 96.343 75.781 310,074 95.310 io 333,776 482,198 523,169 Amounts fa115n due In one year li 154.7281 {64,958 {54,728) 164.9581 Net current assets Totsl assets le55 ¢uTwent liabllltles 427,470 472.826 458,211 525,872 Funds Restricted general funds Deslgnated funds unre5tr1rt funds 13 13 55.660 417.166 472,826 74,626 451.246 525,872 These flnanclal statements were approved and auth0ri5ed by the Trustees on 16 October 2024 and Si8ned on their behalf by: MrTerry Baker Chair of Trustees Date: 16 Ortober 2024 PHILOTRUST-Annual Report of the Trustees forthe year ended 31 March 2024 37
Cashflow Statement For the Year Ended 31 March 2024 2023 Net movement in funds {53,0461 (L5991 Adjustment for.. Depreclation Investment Income 28.414 12,8101 17.885 (2,0371 25.604 15,848 Decrease/llncrea5el in stock Decrease/llncrea5el in debtors Increase/{Decrease) in creditors 11,0331 18.302 110,230) 16.1841 11,335 13,573 7,039 18.724 Net cash from operatlnl Income 120,403) 32,973 InvestinK artfvltles Purchase of fixed assets Dlsposal of fixed assets Investment income 16,109} {28,190) 2,810 2.037 13,2991 126.1531 Net change in cash and cash equNalents Cash and cash equivalents at start of year Cash and cash equlvalents at the end of year {23,7021 333,776 6,820 326,956 310.074 333.776 Analysis of changes in net debt Other nOnsh thaw At 31 Marth 2024 At l Aprfl 202J Cash flows Cash at bank Cash equivalents 333.776 1103.7021 80,0 123,7021 230,074 80,OiXI 310,074 333.776 PHILO TRUST- Annual Report of the Trustees for the year ended 31 March 2024
Notes to the Accounts 31 March 2024 Note l. Accounting Policies The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared under the historical cost conventlon with items reco8nlsed at cost or transaction value except for Investment assets, which are shown at falr value. The flnanclal statements have been prepared to glve a 'true and fairf view and have departed from the Charities IAccount and Reports) Regulations 28 only to the extent requlred to provide a 'true and falrf vlew. Thi5 departure has Involved early adoption of the Accountlng and Reporting bv Charitie5: Ststement of Recommended Pra¢tice appllcable to charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republk of Ireland {FRS 1021 foi actountln8 perlods beginning on or after l January 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended pract1 effective from l Aprll 2CK15 which has been withdrawn. The finanual statements are prepared in accordance with the Charltles Act 2011. These financlal Statements are presented In Sterlln& which Is the functlonal Currency of the charity and rounded to the nearest £. The Trustees con51der that due to the amount of reserves avallable there 15 no material uncertainty about the Trusys ablllty lo continue as a 8oln8 concern. Income Income is recognlsed in the period in which the tharty is legally entitled to the ineome and the amount can be quantified with re050nable atcuracy. For legacies. Income Is accounted for as soon as the Trust Is notlfied of sts legal entitlement, the amount due 15 quantifiable and its ultimate receipt 15 more Ilkely than not. Tax recoverable on Gift Aidls accounted for sn the perlod In whlch the related gift aided amount Is recelved and Included In donations with the orlglnal gift. Empendlture Resource5 expended are included In the financlal ststements on an accruals basls Includlng VAT where this cannot be recovered. Grants are accounted for when paid. Certain expenditure Is dlrectly attributable to specfflc actlvltles and has been allocated to those cost categorie5. Certoln other costs. Irrecoverable VAT and staff c05t5 are attributable to more than one attivity. In these Cases the costs have been apportioned to the individual activltles on the basis of time spent by staff on matters relating to those actlvltles. Central sUPPQrt costs have been allocated on the basls of resources used. PHILO TRUST-Annual Report oltheTrustees forthe year ermled 31 Marth 2024
Governance costs ompri5e all cost5 relating to the publlc accountablllty of the charity and its compliance wlth regulatlon and gwj practice. These costs Include costs relating to the ststutory audit. Flxed Assets and Depreciation Tangible fixed assets are 5tsted at cost, less accumulated depre¢iatlon. Items with a unlt cost below £l.000 are written off through the Ststement of Financial Artivities Unle a number of Items bought together with a unlt cost below that value exceed £l.OLXI In total. Depreciatlon Is calculated on a monthFy basis so as to wrlte off the unit cost of an asset, less Its estimated resldual value. on a 5tralght-line basis over the uselul economic life of that asset as follows: Motor vehicle5 25% OfFke furnlture and equipment 2&33% Flxtures and Fittings Leasehold Improvemènts Operailng Leases Rentals applicable to oper3ting leases where substantially all of the benefrts and ri5k5 of ownership remain with the le550r are charged in the Statement of Financial Activities on a straight- line basts over the period of the lease. Penslons The Charity offers a workplace penslon scheme to all 5tsff member5. Charges are made In Statement of Flnancial Activities as they arise. Sto¢k Stock 15 Stated at the lower of cost and net reallsable value where cost IS the purchase prlce. Produrtion costs are wrltten off as Incurred. Forelgn Exchange All assets and Ilabllities held in thi8n currencie5 are translated Into Sterlln8 at the rate of exchange at the balance sheet date. Translatlons in foreign currencies during the year are translated into Sterlln8 at the rate of exchange on the transaction date. All exchange dlfference5 are tsken into account In arriving at the result forthe year. Tax Status The Trust is a reglstered charity within the definitions of section 50611) Intome and Corporation Taxes Act 1988 and therefore 15 not a55essable to Income Tax Dn any 5urplu5 charftable funds. Fund kcountlng Fund5 held by the charlty are: Unrestricted generolfvnds- these are funds whlch can be used in accordance with the charitable objects at the di5cretlon of the Trustees. DegnIedfvnd5-the5e are fvnds set aside by the Trustees out of unrestricted general funds for Specific future purposes or projects. Restrirtedfvnds-the5e are fund5 which can only be used for partlcular purpose5 Within the objects of the charlty. Restrictlons arlse when Specified by the donor or when funds are raised for particular re5trirted purpose5. PHILOTRUST-Annual Report of the Trustees forthe year ended 31 March 2024
The Trustees make transfers between funds when expendlturÈ is to be met frorn more than one type of fund. The maximum level of these transfers is agreed by the Trustees prior to the expendlture. Cash ¥nd C•sh Equlvalents Cash and cash equlvalents comprlse cash on hand, demand deposlt% and short-term, highly Ilquid Investments that a readily convertible to known amounts of cash and which are sublect to an insignificant risk of than8es In value. These Include balances wlth banks and other flnanclal Institutlons. as well as any short-term Investments wlth a maturity of three months or les& The Charity holds a fixed rate business bond, which. due to Its maturity date being within three months from the balance sheet date, quallfles as a cash equivalent as at the year end. The charlty malntalns these funds to ensure liquidity and to meet its short-term obligations as they lall due. Crltlcal Accountl Estlmates The preparation of financial statements in conformty wlth the Charltles SORP IFRS 1021 requires the use of certaln crltlcal accountin8 estlmates. It also requires management to exercise its judgement In the process of applyin8 the ¢harWs accounting policies. The areas involviryd a higher degree of judgement or complexity. or areas where assumptions and estimates are sl8nlflcant to the financial Statements, Include the valuation of donated goods and Services, the estimation of useful lives of tangible fixed asset5, and the assessment of any provi5i0ns and contlngent Ilabilities where applicable. These estlmates and underlying assumptlons are reviewed on an ongolng basls. and any revisions to accounting estlmates are renISed in the period in whith the estimate is revised and in any future perlods affetted. Note 2. Net incoming / (outgoing) resources 2024 2023 This is stated after: Audftorfs remuneration In relation to audit work In relatlon to other work 6.475 3,750 28.414 64,828 2,232 17.885 66.155 Depreclatlon Operdtln8 lease payments Note 3. Voluntary income Donatlons Gift Aid Honoraria Total 668,497 17,061 124,052 809,610 818,135 20,563 99,851 938,549 PHILO TRUST- Annual Report of the Trustee5 for the year ended 31 March 2024 41
Note 4. Charitable expenditure other costs Total Total 2023 Salarfes Depreclatlon Grant5 made {see note 71 Resource production costs Resource 5ale5 C05ts Tralnlng costs Conferences Mlsslons Support Costs Governance costs Total 13,118 13.118 16.991 40,587 96,211 100,124 28.990 105.472 106,969 17,394 38,253 40,037 34.787 64,917 68,894 278,3C#J 431,265 466.190 168.137 286.337 306,528 6,475 15,745 14.626 587,788 1,051,318 1,120,359 52,214 71,794 19,580 28.283 143,588 110.955 8,702 435,116 3NIO 4.688 1,279 1,847 9,377 7.245 568 28,414 Note 5. Governance cost 2024 2023 Staff 5alarle5 Professional fees Office and other costs Totsl 8,702 6.475 568 8,585 5.683 3S8 15.745 14.626 Note 6. Staff costs 2024 2023 Wages and salaries Soclal Securlty costs Pension costs Total 369,099 42,574 23,443 435.116 369.206 38,090 21.963 429.259 Staff numbers 2024 Evan8ellsm Support and administration AvÈragÈ number of monthly full-time equivalent employees io io PHILO TRUST- Annual RepDrt of theTru5tee5 forthe year ended 31 March 2024 42
During the year, there were 3 {2023: 31 members of staff who are considered key monagernent of the charity. They received rÈmuneratlon totallin£ £153,11512023: £140,478). Included in this was £68.000 (2023: £64,978) whlth was paid to one member of stsff. No remuneratlon dSrectly or Indlrectly out of funds of the tharity was pald or payable for the year to a Trustee or any persons known to be connerted wlth them in their capacity as Trustees12023: nill. No relmbursement of expen5e5 ha5 been made or Is due to be made to any of the Trustees In respect of the year12023: nill. Note 7. Analysis of grants made Grants to Grants to Totsl Instftutlon5 individuals 2024 Total 2023 Grants to carry out Chrlstlan ministrie5 and evan eli5m Total 13,118 13,118 16,991 13.118 13.118 16.991 Note 8. Fixed assets Flxtures & Leasehold Fftllngs Improvements Offi¢e Furnlture & Equlpment C05t: At l Aprll 2023 Additions Dlsposals 47,438 20,087 87.818 6,109 155.343 6,109 At 31 March 2024 47.438 20,087 93,927 161.452 Depreciation: At l April 2023 charge for the year Diswsa15 27,218 5,973 10.044 50A20 20.433 87,682 28,414 At 31 March 2024 33,191 12,052 70,853 116,096 Net Book Values: At 31 March 2024 14,247 8,035 23,074 45,356 At 31 March 2023 20,220 10,043 37,398 67,661 PHILO TRUST-Annual Report of the Trustees for theyear ended 31 March 2024 43
Note 9. Stock 2024 2021 Books and DVDS 96.343 95.310 During the year the amount of pur¢ha5ed stock expensed had a value of £84,95912023: £95,774). Note l O. Debtors 2023 Trade debtor5 Glft Ald Accrued income Employee loan VAT 8,916 3,500 11,200 20,562 1,583 4,250 305 56.183 94.083 1,250 7,315 54,8 75.781 Prepayments and accrued income Total Note I l. Creditors: Amount falling due in less than one year 2024 2023 Trade credltors Credlt tard Accruals Penslon PAYE Credltor Total 7,222 4,624 27.558 4,709 10.615 54.728 12.693 19.328 21,403 2,122 9,412 64,958 Note 12. Funds Balance Brought Forward Iorne Expendltur¢ Trnn5fers Balance Carrfed Forward Designated- Fixed a55ets Evangelists Conference Subtotal General funds Total 67.661 28.414 6,109 45,356 6,966 36.102 57.175 24AII 10,304 74.627 451,245 525,8n 36,102 967,529 1,003,631 85,589 971,088 1,056,677 30,520 (30,5201 55,660 417.166 472,826 PHILO TRUST-Annual Report of theTrustee5 forihe year ended 31 March 2024
The Rxed A55ets fund is established to take attount of the future use of flxed assets. The Evangellsts, Conference fund reco8nises that deposits were made at the 2024 c0Thferen for the 2D25 conference. The fund has been Set up to match the Income received for the conference against the expendlture ot thÈ conference due to occur in January 2025. Note 13. Analysis of net assets between funds Unrnstrlrted Deslgnated Funds Fund$ Restrtrted Funds Totsl Fixed assets Stock Other assets less current Ilabilltles Total 45,356 45.356 96,343 96,343 320.823 331.127 417.166 55.660 4nA26 Note 14. Operating lease commitments 2024 Z023 Land and Bulldlngs 2024 2023 Amounts due". In less than one year In one to two years In two to five years In morethan fwe Total 33.000 33,000 45,375 33,0(KJ 33.196 84,658 16.462 6.023 11.788 3.927 ars 111.375 150,854 22,485 15.715 Note 15. Capital commitments and contingent liabilities There Vre no capitsl commitments or contin8ent liabilities at 31 March 202412023: nlll. Note 16. Related party transactions Durlng the year. the charlty recelved donations totalling £6,39712023: 6,1201 from 512023: 3) Trustees. Note 17. Control Tre Is no ultimate controllin8 party. PHILO TRUST-Annual Report oftheTrustees forthe year ended 31 March 2024