REGISTERED CHARITY NUMBER: 287481
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2025
for
INTERNATIONAL PRESBYTERIAN CHURCH (LISS)
B20 Limited Chartered Certified Accountants Charwell House Wilsom Road Alton Hampshire GU34 2PP
INTERNATIONAL PRESBYTERIAN CHURCH (LISS)
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
INTERNATIONAL PRESBYTERIAN CHURCH (LISS)
Report of the Trustees for the Year Ended 31 March 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
We seek to encourage people in their Christian lives, explain the Christian faith to others, and demonstrate our faith in our actions. Our regular programme of events centres on our weekly Sunday worship services, which are also live streamed.
Significant activities
We hold regular Bible studies, prayer meetings, book discussions and evangelistic meetings. We had various special events, including a nativity event at Christmas. The church has also been used for a wedding.
There are ongoing discussions with St Peters IPC Trust Corporation about the fabric of the building, and possible future development.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
In addition to the above, we continue to support a range of missionaries and Christian organisations. This has included a Christmas Appeal / collection for the ongoing needs of Afghanistan, Ukraine and Lebanon and a targeted collection for the Foodbank in our village.
FINANCIAL REVIEW
Reserves policy
Our aim is to keep 3 months expenditure in reserve per BCO 6.5.1 plus an additional month of budgeted employment costs. This equates to £15,822 and £3,595 being £19,417.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its Declaration of Constitution and Book of Church Order, controlled by the Synod of the International Presbyterian Church.
Recruitment and appointment of new trustees
Trustees are selected according to the Book of Church Order, nominated by the local congregation and examined and elected by presbytery.
Wider network
The Church is part of the UK English Speaking Presbytery of the International Presbyterian Church.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
287481
Principal address
Church Street Liss Hampshire GU33 6JY
Trustees
J Raines J Buchanan J Barrs
Page 1
INTERNATIONAL PRESBYTERIAN CHURCH (LISS)
Report of the Trustees for the Year Ended 31 March 2025
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner B20 Limited Chartered Certified Accountants Charwell House Wilsom Road Alton Hampshire GU34 2PP Approved by order of the board of trustees on ............................................. and signed on its behalf by: 5th January 2026
James Buchanan
........................................................................ Trustee
Page 2
Independent Examiner's Report to the Trustees of INTERNATIONAL PRESBYTERIAN CHURCH (LISS)
Independent examiner's report to the trustees of INTERNATIONAL PRESBYTERIAN CHURCH (LISS)
I report to the charity trustees on my examination of the accounts of INTERNATIONAL PRESBYTERIAN CHURCH (LISS) (the Trust) for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm 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
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns 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.
Mrs Caroline Scull BA FCCA
B20 Limited Chartered Certified Accountants Charwell House Wilsom Road Alton Hampshire GU34 2PP
Date: 5th January 2026.....................................
Page 3
INTERNATIONAL PRESBYTERIAN CHURCH (LISS)
Statement of Financial Activities for the Year Ended 31 March 2025
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 62,553 Investment income 2 - Total 62,553 EXPENDITURE ON Charitable activities Church Activities 69,481 Other - Total 69,481 NET INCOME/(EXPENDITURE) (6,928) Transfers between funds 8 (196) Net movement in funds (7,124) RECONCILIATION OF FUNDS Total funds brought forward 323,403 TOTAL FUNDS CARRIED FORWARD 316,279 |
Restricted funds £ 5,661 381 6,042 1,784 - 1,784 4,258 196 4,454 15,986 20,440 |
31.3.25 Total funds £ 68,214 381 68,595 71,265 - 71,265 (2,670) - (2,670) 339,389 336,719 |
31.3.24 Total funds £ 61,560 276 61,836 66,152 390 66,542 (4,706) - (4,706) 344,095 339,389 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
INTERNATIONAL PRESBYTERIAN CHURCH (LISS)
Balance Sheet 31 March 2025
| Unrestricted funds Notes £ FIXED ASSETS Heritage assets 5 289,106 CURRENT ASSETS Debtors 6 10,992 Cash at bank 13,231 24,223 CREDITORS Amounts falling due within one year 7 2,950 NET CURRENT ASSETS 27,173 TOTAL ASSETS LESS CURRENT LIABILITIES 316,279 NET ASSETS 316,279 FUNDS 8 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - - 20,440 20,440 - 20,440 20,440 20,440 |
31.3.25 Total funds £ 289,106 10,992 33,671 44,663 2,950 47,613 336,719 336,719 316,279 20,440 336,719 |
31.3.24 Total funds £ 296,984 - 40,351 |
|---|---|---|---|
| 40,351 2,054 |
|||
| 42,405 | |||
| 339,389 | |||
| 339,389 | |||
| 323,403 15,986 |
|||
| 339,389 |
The financial statements were approved by the Board of Trustees and authorised for issue on 5th January 2026 ............................................. and were signed on its behalf by:
James Buchanan
............................................. Trustee
The notes form part of these financial statements
Page 5
INTERNATIONAL PRESBYTERIAN CHURCH (LISS)
Notes to the Financial Statements for the Year Ended 31 March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 6
INTERNATIONAL PRESBYTERIAN CHURCH (LISS)
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Deposit account interest | 381 | 276 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
Minister No employees received emoluments in excess of £60,000. 5. HERITAGE ASSETS MARKET VALUE At 1 April 2024 and 31 March 2025 PROVISIONS At 1 April 2024 Charge for year At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors |
31.3.25 1 31.3.25 £ 10,992 |
31.3.24 1 Total £ 375,764 |
|
|---|---|---|---|
| 78,780 7,878 |
|||
| 86,658 | |||
| 289,106 | |||
| 296,984 | |||
| 31.3.24 £ - |
continued...
Page 7
INTERNATIONAL PRESBYTERIAN CHURCH (LISS)
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Taxation and social security Other creditors MOVEMENT IN FUNDS Unrestricted funds General fund General reserve Restricted funds Restricted fund Pastor's remuneration fund Pastor's remuneration reserve TOTAL FUNDS |
At 1.4.24 £ 306,868 16,535 323,403 - 15,986 - 15,986 339,389 |
Net movement in funds £ (6,928) - (6,928) (196) 4,454 - 4,258 (2,670) |
31.3.25 £ (3,454) 504 (2,950) Transfers between funds £ 11,302 (11,498) (196) 196 (14,380) 14,380 196 - |
31.3.24 £ (2,558) 504 (2,054) At 31.3.25 £ 311,242 5,037 316,279 - 6,060 14,380 20,440 336,719 |
|---|---|---|---|---|
8. MOVEMENT IN FUNDS
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | Movement | |
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 62,553 | (69,481) | (6,928) | |
| Restricted funds | ||||
| Restricted fund | 1,588 | (1,784) | (196) | |
| Pastor's remuneration fund | 4,454 | - | 4,454 | |
| 6,042 | (1,784) | 4,258 | ||
| TOTAL FUNDS | 68,595 | (71,265) | (2,670) |
continued...
Page 8
INTERNATIONAL PRESBYTERIAN CHURCH (LISS)
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.23 £ Unrestricted funds General fund 314,850 General reserve 16,535 331,385 Restricted funds Pastor's remuneration fund 12,710 TOTAL FUNDS 344,095 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 57,143 Restricted funds Restricted fund 1,417 Pastor's remuneration fund 3,276 4,693 TOTAL FUNDS 61,836 |
Net movement At in funds 31.3.24 £ £ (7,982) 306,868 - 16,535 (7,982) 323,403 3,276 15,986 (4,706) 339,389 Resources Movement expended in funds £ £ (65,125) (7,982) (1,417) - - 3,276 (1,417) 3,276 (66,542) (4,706) |
|---|---|
9. RELATED PARTY DISCLOSURES
During the year under review there were no financial transactions with St Peters IPC Trust Corporation.
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INTERNATIONAL PRESBYTERIAN CHURCH (LISS)
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 March 2025 | ||
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 68,214 | 61,560 |
| Investment income | ||
| Deposit account interest | 381 | 276 |
| Total incoming resources | 68,595 | 61,836 |
| EXPENDITURE | ||
| Charitable activities | ||
| Pastor's remuneration | 39,220 | 37,000 |
| Pensions | 2,820 | 2,700 |
| Pastor's books and conference | 1,053 | 999 |
| Deacon's Fund | 400 | 400 |
| Children's work | 471 | 242 |
| Worship resources | 943 | 1,597 |
| Parish events | 657 | 603 |
| Establishment costs | 3,377 | 2,830 |
| Travel and sundry expenses | 262 | 140 |
| Office costs | 1,708 | 2,029 |
| Denominational support | 5,000 | 3,000 |
| Toddlers Together - Mother and Toddler Group | 1,142 | 1,357 |
| Grants to institutions | 5,944 | 5,377 |
| 62,997 | 58,274 | |
| Support costs | ||
| Other | ||
| Amortisation of building | 7,878 | 7,878 |
| Governance costs | ||
| Accountancy | 390 | 390 |
| Total resources expended | 71,265 | 66,542 |
| Net expenditure | (2,670) | (4,706) |
This page does not form part of the statutory financial statements
Page 10