**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:
1. 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 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.
Page 9
## **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