REGISTERED NUMBER.. 296834 Report of the Trustees and Financial Ststsments for the Year Ended 30 September 2024 for IMPACT GIVING (UK) TRUST
Ind8X to the Financial Statemer forthè Yèar Ended 30 September 2024 Page Chaiity Infomaiion Report of the Trustees Report of the Audilots Slalement of Financlal Actmues 881ance Sheet and Cashflow Statement Notes lo the Finanoal Stslements
IMPACT GIWNG IUKI TRiJST Charity Information for the Y•ar Endod 30 Septefflber 2024 TRUSTEES.. Chades Bethune Stephtn James Burt Fraser Clark ADMINISTRATORS.. S McNSwl A Challi$ REGISTERED OFFICE.. PO Box 220 Penrith CA11 1BH CHARITY NUMBER.. 296834 AUDITORS.. BK Plus Audit Lirnited Chartered Certrfied Acwuntants Registered Auditots 501 Mlddlelon Road Chadderton Oldham OL9 9LY BANKERS.. Royal Bank of S¢otlaTrJ plc Dnjmmond House, 1 Redheughs Avenue Edinburgh EH12 9JN INVESTMENTS HanY Economic Building Sotiety Granville House FestiV81 Part Hanley ST1 5TB CCLA Sen31or House 85 Queen Victoria Street London EC4V4ET Page 1
IMPACT GIVING IUKI TRUST Report of the TrustO8S for th• Y•8r End•d 30 Sept•mber 2024 The Trustees present their report and the financial staiements of the chantyfor the yearended 30th September2024. PRINCIPAL OBJECT Imp8Ct Giving IUKI Tru5twas established a$ a ¢haty undera tnjst deed dated 18th DetEmber 1986 and its prfnopal obj8Ct is that of advan¢lng the This is achieved prirnarilythrough the Ceipt of donations which a distributed as $perAfic Chn5tian charity payments in accordance wilh the donors shes. The trustees have regard to both the Charity Commission's general guidantrÉ on public benefit and the sperafic guidance on Ihe advanceTnent of religion for the public benefit. The trustees alway5 ensure 8$ faras is reasonabty podicAI that the regISted chSfftS. Christian ¢ongregations and workers to donalioD5 are paid are in Ilne Vlilh our charitable obje¢ts. TRUSTEES A list of the Iru5tees 15 given in the Charfvs Infomation on Page 1. The Tru%t is a member organts8Ion ofthe Evangelical Ajliance IEAI and all TFusiees sign up to the EA basis of faith. NevAy-appointed trustees are given an oVerVW of the Trust, a copy of ttle g)veming trust deed, and refrrred lo the Chaiity Commisslon's guidan The Essential Trustee". Wh8t You Need to Kno%Y. and links to other relevant documenlabon. Additional or replacement Trustees can be appointed bythe existsng Trustees, subject lo a MamuM numberof srL OPERAYION The charity is managed by the Admini5traior(sl underthe direct ntrol of the Tru$lees. ACHIEVEMENTS AND PERFORMAN¢e During the yearthe Trust acted upon the requests of members to distribute £1.762,024 in support of Christlan work. DuriNJ the y8arfvNJ$ have been Istribed to re9lStered charities, Christian con9regation$ and Christian worters. There was a 22% inO$e in donations to us on the prwou$ year and the financial aSsl8n¢e w8 prowded lo our beneficiaries in¢8sed by 9%. FINANCIAL AND RESERVES REWEW The financi31 activity of the charity is set out on pages 4 and 5. The balance ofthe free r88eNes available to cover admin15tratiDn costs is £460,171 12023 £387.5961. The poliry of the Trv5tee$ ts lo hold sufficlent reserves to enable the trust to meet Its expenses and liabileS as theyfall due. INVESTMENT POLICY The Trus18es have considered the m05t appropriate poliw for Investing fund5 and h8ve conduded that a ¢ombinalion of shorttem deposits a small investment in the Ethical Investment Fund of CCLA Invesimeni Managernent Ltd tneets their requiEments wthout restriction of access or excessive risk to the rnpital amount$ invested. The investment th CCLA Investment Management Ltd is on a unrt basi5. Thi$ approach is de51gned to ensure that dayto day investrnent deoskJns a free of any trustee int8rferenee or tAaS. RISK MANAGEMENT The Trustee5 activety review Ihe charivs major nsk area5 and believe Ihat regu18r rewews of erves, combined an annual rewew of controls, will provide sufficlent safeguards over charitable funds. The charivs unreslri¢ted fijnds can be affethed ty gener31 e¢onomic condrtions tyut the reserves policy 5eek5 to Tnaintain sufficientfvnds lo ensure tre continuity of operations. TRUSYEES. RESPONSIBILITIES IN RELAT1014 TO THE FINANCIAL STATEMENTS Charity law in England 8nd Wales requires the tru$tee$ to ppare financial 5tstements foreath financial ye8rwhich give a true and fdirview of the state of affairs of the chanty and of 115 income and expendrture forthatyear. In preparfng these financial ststemen15. the trustees should follow best prarjice and are required to.. select suitable accounting policies and then apply thern con$k%tenlty', observe the rneihods and prinuples in the charity SORP m8ke judgments and estimatès th8t 8re reasonable and prudent". $tatè vthelher appliuble accounting siand8rds and statements of rÈcomrnended pra¢tice have been follt)wed. subject to any departure$ osed and explained In the finanual statements, and prepare the financial statements on the going COTh[ ba$is unless rt is inappropriate to presume that the Charity wll Continue in opÈraiion. The Tru5tee$ are respon81ble for keeping properaccounting records which disclos? vAlh reasonable acwracy at any time the financial posltion ofthe Ch8rity and which enable them to ensure that the finanryal statements compty with the Chartrties Act 2011 and the Charity IAccounl$ and Reports) Re9ul8tions. They are also responsible for Safeguarding Ihe assets of the tharFty and hen* for taking reasonable $ieps forthe prtvention an detection of fraud and otrer irregularities. AUDITORS The auditors. BK Plus Limited Ifom)erlyWrvJley Partingtonl. Mn11 be proposed for re-appoiniment in accordan wlth Section 144 ofthe Chartbe$ Act AUDIT ENQUIRIES As far as the trustees are aware. there is no relevant audit infotmaiion of véhlch the charity's auditors are unaw8re. Each of the trustees has tsken all the steps that they should have taken as a tTU5tee to make themselve5 aware of any relevant au¢it infomation and lo establish thatthe tharity's audilots are aware of that inforrnation. Thls r8POrtwas approved by tho TYusts88 on and sÈgng4 on Its behaw by C Bethynerustsa & chairman Page 2
IMPACT GIVING IUKI TRUST Ind?pendeThtAuditQTS' Reportto thè TTUSte8s ol IMPACT GIViNG IUKI TRUST Thi$ report is made solety to the charws tste, as a body. in acCordare wth $.144 of the Charites Act 2011 and Ihe regulations rnade under Opinion We have 8udited the ffnanual stslernents of lrnpact Gniing IUKI Trust forthe yearended 30 September2024which comprise the statement of financi31 activities, the balance sheet, $t8temenl of cashflows and related notes indudin9 8 summary of swnificant ac¢ounllng poliues. The finantyal reporting framework that has been applied in their prep8r8ti0n Is applicable law an¢ Uniteu Kingdom Accounting Stan(5aTtls including Finanial Reporting Standard 102'The Flnanoal Reportsng Standard applicab in the UK and the Republic of i18nd (Unhed Kingdom GenernI Accepted A¢countiny Practice). In our opinlon the finanual slatemenl5'. - gnie a true and fairview of the slate of the charivs affalrs as al 30 September 2024 and olits Incoming re50urce5 and appllcatr.on of re50urtes, including 115 income and expenditure. for the year then ended.. - have been properly prepared In accordanTr wlh United Kingdom Generally Accepted Ac¢ounting Prathce.. and - have been prepared In accordonce with the requirnents of the Chantie5 Act 2011. Basi5 lor opinion We conducted our audit in aG¢ordante Trmth Intemation81 Standards on Auditing IUKI IISA'S IUKII and applicable18w. Our respon5ibilitie$ under those siand8rds 8re fijrther described in the Auditors responsibilities forthe audit of the financial 5tatemen18 sedion of our report. We 8re independent of the charity in accordanGe with the ethical requirements that are relevanttts our audlt of the finanual st8temenls in tre UK. induding the FRC'S Ethical Standard. and we have fuffilletl ourotherethical PonSibl&le$ in accorttance with these requirernents We believe that the audit evilence we have obtsineu 15 suffi¢nt and appropriate lo provide a basis for our opinion. Cgn¢lusio$ rÈlating ¢0 going Concern We have nothing to port in respect of the follong rnatters in relation to whid) the ISA'S (UK) require us to report to you where.. - the trustees, use of the golng concern b35is of accounting in the preparation of tre finanual statements is not appropriate, or - the trustees have not dIsCOsed in the finanual 51atemeThts any idenlrfied material uncertainties that may cast 51gnffitani doubt about ttE ¢haWs abilityto ¢ontinve to adopt the going concern b8sls of accountin9 for a period of at least tsvee months from Ihe date Vlhen tre financial ststements are author15ed for Issue. Other information The other inf0rn18tion comprises the inform3tion induded in the Trustees, Report. otherthan Ihe fin8nual statement5 and our audrtofs report thereon. The trustees are responsible for the Other information. Our opinion on the financial ststemenls does not cover the other infom)8tion an except to the extent olherwse expliulty stated in our pOrt. wè do not express anyform of assurance conclusion Ihereon.1n connection our audit of the fin8nu81 statements. our responsibilty Is to read the other infom)ation 8nd. in doing so. Gon$iderwhether the glher infomalion is malenally inconsistent with the finantial statèments or our knovledge obtsined in the audii or olherwse appears to be materially rnissialed. If identify such material inconsistenue5 or appat tnHterial misst8temenls, we are required to detem)ine whelherthere is 8 material rnisstalement in the financi8I statements or a m81enal mi8s1alement of the other irifotrnalion. If. based on the wotk we h8ve perforned. we ¢ondude thatthere is material misstalemenl of this other information, we 8re required to report that fact. We have nothing lo report in thi5 regard. Mattèrs on which w8 are requlred to report by ex¢eptiort We h8ve nothing lo report in Spect of the fo110vn9 matters in relation to whiGh Ihe Charfyes Wccounts ènd Report51 Re9ulations 2008 requio us to report lo you if, in our opinion.. - the infomialion given in the finan31 slalements inconstent in any rnaleria1 spe¢tWrth the tnJstee$' report., or SLrfficient accounting Tecords have not been kept., or -the fin8nrAal slalemenls are not in agreement with the accounting records., or - we have not receDied all the infornation and explanations we requlre forour audiL Responsibilltles of tnjstees A5 explained mDre fylly in Ihe trustees, responsibilities 5tstement Set out on page 2. the tnjstees are responsible forthe preparatson of the finanual statements and for being satisfied that they gwe a true and f8irwew. and for 5Uth intemal control as the trustees determine is necessaryto enab18 the preparation of financial st8tements that are free from material misst8tement vthelher due to traud orerror. In preparing the finan&81 statements. the trustees are spOnsIble for asse55ing Ihe charity5 abiltyto continue 85 a going concern. disc105ing, 8S appliuble, Tnattets relating to golng con*m an¢ using the going concern bas of acttounting unless the Itustees elther intend to liquidate kne Gh8thty orto cease operations. orhave no realistic altemative bul to do so. ALtdltofs responsibilitiès forthe audlt of the flnancial ststements We have been appointed 8$ auditor under s.144 of the Charilies A¢t 2011 and report in a(xord8nce wth the A¢t and relevant regulation made or having effect thereunder. Our objectwes are lo obtain reasonable assurance aboutvthetherthe financial $tstements 8S a vrtioie a free from material misstaternent. whether due 10 fr8ud or eor. and to issue an aurtitorfs report that include5 our opinion. Re8sonable assurance is a high level of 8SSUfanTr. but 1$ not gu8rantee that an audit ¢ofKlu¢ted in 8CcOrdan with ISAS (UK) will always detect a materi81 misstatement when il exis15. Missiatemenls can arise frotn fraud or error and are considered material if, individually or in the aggregate, they could reasonabty be expected lo influence the economic de&sions of users taken on the basis of these finanual ststemenl5. A further deScp110n of our responsibilities forthe audit of the financial statements is located on the Finandal Reptriing Council's website at .froorglaudito@re$pon$ibilitr&s. This description form5 part of our audrtofs report. Use of OUT report This report is made 801ely to the chari¥5 trustees. as a body. in accordanGe with Part 4 ofthe Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so thatwe might state to the charivs Iru5tees those matters we are quIred lo state to them in an auditorts report and for no other putpose. To the fullest exienl permitted by18w. we do not accept or assurne responsibility to anyone other than the charity and the ch8rW8 trustees as a body, for our audltwork. forthE report, orforthe opinions we have fomed. Domlnlc Yuxley (Senior Statutory Auditor) For and on behaff of Plus Audit Mited 501 Middleton Road. Chadtlerton, Oldham. OL9 9LY Pa9e 3
IMPACT GNING IUKI TRUST ststement of Financial ActNitie5 forth• Year Ended 30 September 2024 30.09.24 Unrestrficted Funds 30.09.23 Total Funds Restricted Funds Total Fund$ Incorning Re50urces.- Incoming Resources from generated fvnd8 Reip1S from donors undergift 8id arrangements wlh the Trust T8x recovered forgift5 Lègocies Investment inGome Dividends and Interest Sundry Income Total Incoming Resource8 1,517,646 254.478 29.r16 1.547.422 254.478 1.269.603 236.674 62.479 62.479 38.683 1.772.125 92,254 1.864.379 1,544.960 Resources Expended.. ¢haritsble Activities Donors Specific Chaty payments Stsff Costs Employers N8tlonal Insurance Working Expense$ Printing Costs stationery 8nd Office Expen5e5 PrornDlion Development Computer C051s Sundry expenses Deptiation compLrter equlprnent 1.762.024 1,762,024 75.283 2.320 243 1,613.456 74,715 1.872 297 75.283 2.320 243 414 414 254 439 1,451 439 1,451 439 1.380 1.762,024 80.150 1.842.174 1.692,413 Govemance Audit Fees 1,830 1.830 1.725 1.830 1,830 1.725 Other Resources Expended Insurance Le9al 1.548 1.548 1.364 1.$48 1,548 1.364 Totsl Re50ur¢ès Expended 1.762.024 83.528 1.845.552 1.695.502 NET INCOMING RESOURCES 10,100 ,726 18.827 -150.542 Gairbslllossosl on Investments 83.849 63,849 7,768 Totsl Funds 8rought Forward 1.493,235 387,598 1.B80.830 2,023,606 TOTAL FUNDS CARRIED FORWARD £1,503.335 £460.171 £1.963.506 £1.880,830 Page 4
IMPACT GIVING IUKI TRUST BALANCE SHEET forthè Yoai Ended 30 Sèptemb8r2024 30.09.24 30.09.23 Nota8 FIXED ASSETS: Tangible as5et5 6a Inve5trnents 6b 658.048 594,199 CURRENT ASSETS.. Debtors Cash al bank 1.308.486 1.308.486 1,291.251 1,291.251 LIABILlmES= Amounts falling due within one year 3,029 4.821 NET CURReNT ASSETS.. 1,305,457 1.286.630 NET ASSETS: 1,963,506 1.880.830 FUNDS: Resirithed Fund5 Unrestricted Funds 1.503.335 460.171 1.493,235 387.596 1,963,506 1,880.830 APPROVED V TRUSE ON BEHALF OF THE TRUST.. C Bethune Date.. 29th July 2025 Date-. 29th July 2025 CASHFLOW STATEMENT forthe Year Ended 30 Soptembfrr 2024 Reconuliation of movement In funds to net f*$hflowfrom oper8ting acti¥es.. 2024 2023 Net surplus for the yearfrom operating acti15 18.827 -150,542 Deduct inlernsl income shown in investing aolivthes -62,479 48.683 Purchase of investments Iln¢rea5elldecrease in ijebto In¢sSe/{de¢8Sel in (¥editors -1.592 324 Net from operating actiwlies 45,244 -188.901 Cash from investing adivrtl8S 62,479 38,683 Inrxease in cash and cash equivalents the year 17.235 -150,218 Cash and ca$h equivalent$ at the 5tsrt ofthe year 1.291.251 1,441.469 1,308,486 1.291.251 Page 5
IMPACT GIVING IUKI TRUST Notes to the Financial Statements for th• Year Ended 30 September2024 ACCOUNTING POLICIES 8asi5 ofpreparation The finanual slalemenls have been prepared underthe hisloncal c051 convention and in acwrd3nGe with the siaiemenl of Recommended Pr8cticè." Accounting and Reporbng by Charitie$ preparing thelr accounts in accordan wlh the Finanual Repothng Standard applicable in the UK and the Republic of Ireland IFRS 1021 issued on 16th July 2014 and the Charits Act2011. The Trustees conslder that Ihere are no material unc8rtaSnties about the charitys ability lo continue a5 a goirvj concem. Incornlng resources JI incoming resources are induded in the SOFA véhen the charity is leg811y enliled lo the income. there is Trrtainty of rtreipl and the amount can be quantified Vlilh reasonable acracY. Receipts are recognised In the statement of finanGial è¢tiwlies as received and when the condition5 for receipt have been rrEI. Where a dairn for repayment of irtme tax has been made Ihe lax actually recovered in the year is shoym in the 8Ctounts. Investment income is fecognised on a recePrf8ble basis. Legacies are recognised as Ihey Hre re1ve orwhen receipt is probable. that is, when there has been gr8nl of probate, the exe¢Lrtors have established that there are suffiaern 8ssels in the 8slale 8nd any conditions attzched to Ihe legacy a eitherwithin the control of the charity or have already been met. Resources expJded l expenditure is accounied for on 8n accru81s b88is and has been dassrfied under headings Ihal aggregate all co$ts related to the cgtegory. whe ¢o$ts ¢annot be directty attributed lo parbcu1ar heatlings Ihey h8ve been allocated to activilEs on a basi5 consistent with use of the resources. Costs relating lo a particular activity are allocated directty. others are apportiDned on an appropriate basi5 le.g. estimated usage). Ch8ri1able expenditu comprises those costs incurred by the chaty in the delwery of its actiwlies and 5etvi¢e$. and include both the direct costs and support costs relating lo these 3Ctivitie5. Goveman ¢05ts indude those c051s 35$0ualed wlh meeting Ihe constitutional and statutory requirement5 ofthe charity and indude the audit fees and costs1Snk8d to the strategic management of the charity. Tangible fixeda55ets anddepreciation Depreaation has been provided on all tangible fixed assets al rates calDJlaled to write off the c05t of ea¢h a$setoverlts expecteu u$efvl ife as follows Office equipment 8nd fixtures - 20% on cost Fundaccounting Compulef equipment - 25% on cost Unrestricted funds comprfse accumulated surplLF8e8 and deficlts on general fund5 that 8re available for use al the discretion of the truslee51clirectors in futheranTr of the general objeGtives of the Charity and that have not been Llesignated for other purposes. Restricted funds are fvnds subject 10 restrictions Imposed by the donor or by the 5peixfic iemis of the appeal underwhich the fvnds are raised. Designated funds Mprise uno5tricted funds that have been put aslde al the dkscretion of the trusteesldirectors for partscular purpos. Fln8nci81 instruments The charity accounts for b>5icfinancial instAJments, debtors and prepayments and creditors ond accruals. atthe UndCOUnted 8mount of the fsh or Other consideration expected to be received or paid. Donordonatlons Donatsons to charits from donor accounts are calculated by reference to the $pecthc instructlons from individual donors supports documentation to their gift to thi5 charity. TAX RECOVERED FOR GIFTS A5 all rnonies held wlhin the re51ri¢ted fur1 b81anf are available for dlslribulion ai a donors vdsh the Tnlee5 only include those sum$ adualty recovered from HM Revenue and Cusloffjs I14RCI during the year. There are Sums due al the yearend on donations red ¥thin the finanual yeerwhiGh are not t09fted in the accounts. 30.09.24 30.09.23 Monies auualty te1Ve dun9 year Sums lo be paid in subsequent daim$10 HMRQ 254.478 51.371 236.674 48.308 NET INCOMING RESOURCES The surplus for the year is slated after charging.. 30.09.24 30.09.23 Depriation- owned asset$ Tru$tee$' emoluments and other benefits eto Taxatlon and Ivrecov&rable VAT As a registered chantythe Trust Is exempt from tsx on inc9mÈ 2nd gains to the extent that they are appld to its charitable objectives and no pro$10 for lax is thef0 ¢onsidered nÈrss8ry. The charity pay5 VAT on rtain costs but rt is not registered forVAT, the irrecoverable VAT is induded In the cost of those ilern5 to which it relates. Page 6
IMPACT GNING IUKI TRLIST Notes to the Financial Ststem¢nts forthe YeaT Ended 30 Septgmbor 2024 TRANSACTIONS WITH TRUSTEES AND OTHER CONNECTED PERSONS No trustees or other person related to the charity hao any personal interest in any contract ortransactlon entered irito by the charfty during the yearwith the exception of donations to 8nd by the charity In the normal course of business. The totèl amount donated to the chanty by Trustee5 was £2.20012023 £7.5001 fOrstricted purposes. Funds 811ocaled by Trustee5, under instructlon. lo becorne unre5tri¢ted was £20012023 £2001. Trustee's Indemnty Insuran* has been taken tt)i% year. TANGI8LE FIXED ASSETS Cornputer Equlpm8rit COST.. At 1 October2023 3.252 Additions Di8POS818 At 30 September 2024 3.252 DEPRECIATJON.. At 1 October2023 3,251 Charge foryear m. On Oi%po$al At 30 September 2024 3.251 NET BOOK VALUE.. At 30 SeptembÈr 2024 At 30 September 2023 6b INVESTMENTS 212.760.96 units COIF Charities Elhi¢al Investment Fund at martet vslue blfwd 594,199 Unrealised gainloossl in the year 63.849 Market value at 30 Seplember2024 658.048 DEBTORS 30.09.24 30.09.23 Otherdeblors CURRENT LiABILIMES- AMOUNTS FALLING DUE WITHIN ONE YEAR 30.05.24 30.09.23 Olher Taxes and Sooal Sewnty Arxrued Expenses 1,220 3,401 1,888 3.029 4.621 Page 7
IKIPACT GIV]NG IUKI TRUST Statomem Financlal ActivitT85 for thÈ Year Ended 30 Sèptèm1 2024 30.09.24 Restrictèd Funds Unrestricted Funds 30.09.23 Rèsiricted Funds Unr8Strlctsd Funds In¢amiftg Résources." Incoming Resources trom generatsd ftJnd$ fteipts frorn donors under gift aid 8ngements Wlih the trnst Tax recove for gifts Legacies Dividend$ and Inte$t Sundry income Total Ineominy Resource5 1,517,646 254,478 29,776 1.237.697 236,674 31.906 62.479 38.683 1.772,125 92.254 1,474.371 70,589 Resourres Expended.. CharitsbleActivi&es.' Donors spec4fic charity payments Staff co$1$ Employer5 national insurance Working expense8 Prfniing co$ts Stationery ano offi expenses Promotion and development Computer costs Sunllry expenses Depreciation.. Cofflputer equipment 1.762,024 1,613,456 75.283 2,320 243 74,715 1.872 297 414 254 439 1,451 439 1,380 1.762.024 80.150 1,613,456 78.957 Govern•n¢e Costs Audit fees 1.830 1.725 1,830 1,725 Oth¢rResources E¥pended Insuranix Legal 1,548 1,364 1.364 TOTAL RESOURces EXPENDED 1.762.024 83,528 1.613.456 82,047 NET MOVEMENT IN FUNDS 10.100 8,726 -139,084 -11.458 Gainslllossèsl on investsnents 63.849 7.766 Total funtl$ brought foward 1.493.235 387,596 1.632.319 391,287 TOTAL FUNDS CARED FORWARD 1.503.335 460.171 1.493,235 387.596 Thls pag8 do05 not form part of th? stutoryfinan¢ial $tatèmèn Page 8