UCCF Trustees Report and Financial Statements 2024
Universities & Colleges Christian
Fellowship
Company limited by guarantee and not having share capital
Company Registration No. 387932
Registered Charity No. 306137 in England and Wales
Scottish Charity Registration No. SC038499
Report and Financial Statements
for the year ended
30th April 2024
Universities and Colleges
Christian Fellowship
(UCCF)
Blue Boar House
5 Blue Boar Street
Oxford OX14EE
T: 01865 253678
E.. info@uccf.org.uk
W: www.uccf.org.uk
PROFESSIONAL ADVISERS
Main banke
Solicitors
Auditors
HSBC Bank plc
The Clock Tower
2-6 Gallowtree Gate
Leicester
LE1 1DA
Anthony Collins Solicitors
St Philips Gate
5 Waterloo Street
Bimiingham
B2 5PG
Forvis Mazars LLP
6 Dominus Way
Meridian Business Park
Leicester
LE19 1RP
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UCCF Trustses Report and Financial Statements 2024
Contents
Report of the UCCF Trust Board (Incorp)rating the Trustees, Reporti....................... . .
Independ8nt audito¢s r8POrt to the members of Universities & Colleges Christian Fellowship....
ststement of Financial Activities.............. ... . . . ..
.13
17
Balance Sheet.........................................................................
18
Cash FEOW Slatement........................................................................................................................................ ....
Notes to the Financial Statements....................................................................................................................
.19
.20
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Report of the UCCF Trust Board (Incorporating the Trustees, Report)
For the year ended 3￿ April 2024
The Trustees of the Universities and Colleges Christian Fellowship ("The Fellowship.) present their
Annual Report and the Financial Statements for the year ended April 2024.
CONSTITUTION
The Fellowship is a registered charity (No. 306137) which is a federation of evangelical Christian
Unions governed by a constitution dated January 1999 and subsequently revised in 2003.
OBJECTIVES & PRINCIPAL ACTIVITIES
The policies of The Fellimship remain those contained in its constitution. In summary this is to bear
witness to Jesus Christ as Saviour, Lord and God in the student world of England, Scotland and
Wales in accordan￿ with the doctrinal basis of The Fellowship. The Fellowship is committed to
evangelism. world mission, Biblical truth and spiritual growth.
The principal activities are:
To ￿-ordInate the work and to unite the members of the Christian Unions ("CUs°) in their witness to
the Christian faith in accordance with the doctrinal basis of The Fellowship.
To advise or assist Christian Unions in the work and to help create Christian Unions where they do
not yet exist.
To produ￿ and circulate literature and materials designed to advance the Christian faith.
To help CU members to appry Christian faith intelligently to their thinking and behaviour in all areas
of life including their academic studies.
To mentor key undergraduates and help them transition well to work after graduation.
To stimulate amongst students and former students an interest and active participation in home and
overseas missions and in the worf( of the churches.
Public Benefft
The Trustees are mindful of the Charty Commissbjn's guidance on °Charities and Public Benefif
and have embraced it. As stated above, UCCF'S overall objective is to help students bear witness to
Christ and his teaching. This includes equipping them to demonstrate the love of God in practical
ways. This report seeks to give examples of that public benefit In actron.
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Achievements & Performance
CU ministry in numbers
6,000-
7,000
148
16
,1,600
students involved
in CU weakly
active CU5
90
Cus that held
90
35%
90%
Including ￿ntffj
•f CVS ran an
Intsmallonal
ran evangeli5ti
events in
freshers, week
CU$ hosted a
carol serilce
160
students b#P￿sed
In the wevlou•
y•ar and who cltad
CU a• a major
114
of CU$ use UCCF-
produced Impact
Group malerial in
some form
of CU members
are international
sludents. and 30•/•
arè not white
Future Plans
We're immensely thankful for your falthful support over the past year. It's a true privilege to see the
Spirit at work on university campuses and through CU witness. Your prayers, heart for student
mission and generosity have made ourwork possible.
The focus of Cus will always be student leaders, supported by UCCF staff. Students contlnued to be
a wonderful encouragement and this year has On￿ again been a story of students, creativity and
boldness as they share the good news of Jesus with their friends.
Appolntment of a new CEO
Richard Cunningham, National Director of the Universities and Colleges Christian Fellowship
(UCCF) decided to step down in the financial year after decades leading the fellowship and
supporting Christian Unions on campuses across Great Britain.
We're delighted to announce the appointment of 8 new CEO. Matt Lillicrap ha8 been in church
ministry in Cambridge for several years and will be joining UCCF this autumn to take up this crucial
role. This is an answer to prayer and is a result of a thorough and prayerful recruitment process, with
nput from advisors with extensive Christian ministry experien￿. Please join us in praying for Matt
as he settles into the role.
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Govemance and employment practlc8S
Following the conclusion of the independent investigation into our employment praCtI￿S in 2023, we
have been reviewing our staff contracts and HR processes. We remain committed to implementing
four specific recommendations in full and have been methodically working through these this year.
We are particularly thankful to our Directors for the work they have done, listening Careful￿ to our
staff.
In light of the investigation, the Trust Board made a commitment to undertake a review of our
governance structures. We want to attain best practi￿ as an employer. so that every employee's
experience matches the high standards we have set ourselves. We have begun to add￿$S some of
these issues by commissioning a legal fim, Mills & Reeve, to review our governance arrangements
and highlight areas for improvement. We are currently working through their recommendations.
Appointment of trustees
The purpose of the Trust Board is to ensure UCCF is effectively meeting its charitable objectives. IYS
our desire for UCCF'S Trust Board to reflect the breadth of belief and practi￿ represented across
the Fellowship, with diversity of opinion and experience. We have five trustees and are actively
looking to appoint new members to the board.
We currently have extensive experience of secular employment and would welcome applications
from candidates with ministry experience. We also particularly welcome applications from women
and those from minority ethnic backgrounds as these groups are currently underrepresented on our
Trust Board. If you are interested in joining our board, please contact US at info@uccf.org.uL
Financial Summary
As we consider our finances, we are abundantly grateful ft)r your faithful supwrt There is much to
be thankful for, and much to fuel our prayers for the coming year.
Rising costs and a decrease in our income mean we have continued to face significant financial
challenges. Inflation over the past few years has been high, impacting on costs across the t*)ard.
And supFx)rt from various sources, including individual donations and trusts, has seen a decrease.
The accumulative impact of this over several years meant that we anticipated a deficit of £671,000
in FY 2024, calculated by expected staffing levels and predicted donations. We ended the year with
a reduced deficit of £416.315. This was thanks largely to higher legacy income, and a large increase
in the value of investments to budget.
The financial reality of a significant structural operating deficit ￿Ulted in a commitment to some
prudent cost- saving measures. including the hard decision to reduce the numter of CU Staff
Workers that we employ and requiring us to be more operationally efficient in several areas.
Slrategic planning
This dual pressure of increasing costs and decreasing income requires us to be even more diligent
in our financial management and strategic planning. We are seeking to balan￿ ministry needs with
prayerful stewardship of our ￿Qu￿5, with trwo points to note:
1) Resourcing ministry through staff.,
We are committed to effectivety resourcing CU leaders by placing excellent, well-trained
and diverse staff on the ground. As a result, over the next two years we are committing to
providing Staff Workers in key areas, exwding our current income. This is a strategic
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decision to best serve university campuses, resulting in a budgeted deficlt of £443,000 in
FY 2025, which will be funded from our reserves.
2) Developing partnership
Over the next two years we are prioritising a strategy for developing existing relationships
with our donors and prayerfully considering ways to develop new partnerships. This is vital
as we work to reduce the gap be￿een our income and expenditure to enable us to
continue this work long-term.
We are excited to play our part in helping students and recent graduates grow in the gift of giving.
walking with them to establish healthy rhythms as they enter the workplace. We want to deepen
our relationships with existing supporters and help all of our supporters to feel genuinely engaged
with this exciting minlstry amongst students. This will require an increase in personnel and
resources as we seek to increase our income. We're delighted to be welcoming a new Key
Relationships Manager to the fundraising team, a first step in increasing personnel. We are
prayerfully considering how we can continue to ensure we partner well with supporters to enable
generosity.
Income
We have seen a decrease in our
income compared to the
previous year, attributed to two
main factors. a decrease in
contributions from trusts and
decline in legacy gifts. Our last
financial year saw a seven-year
hKJh in legacy income. Despite
this decline, we have much to be thankful for, the generosity of supporters in their wills is deeply
cherished and enables us to continue our work.
Total Income
23124
£4.629k
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Indlvldual donors are our largest Source of
income1$7%). The generosty of so many
continues to be a real encouragement, and this
faithful support enables us to continue working
alongside Cus whilst also seeking to increase our
income.
Total
income
£4,Cthk
Tll￿ts. Churches and Legacles constrtute 25%
of our income. We are immensely grateful not only
for their financial support but also for the many
practical ways in which churches partner with us,
working alongside UCCF staff and supporting CU
students in sharing the gospel. Ifs a joy to work in
partnership WFih the local church.
Donatlonj from Indmduals £2.305k {57%}
Donotlong from Churches £313k (8%)
Donotlvns from Ihth £561k114%)
L•gocSB¥ £425k (11 %)
Expenditure
Othw £402k (10%)
staff costs totsl £3,168,296. 700h of
total Costs.
We remain conVin￿d that Cus are most
effective when led by students
themselve8. We're committed to
equipping students for missions, both
through training and resources. as well as
the provision of our staff to support Cus. As a result, a large portion of our expenditure is spent on
staffing costs. investing in our staff is crucial as they play a vital role in transfomiing students, lives
each year. The year included a pay raise for all staff equivalent to a 5% raise for junior staff
members to help provide financial security and continued ministy effectiveness. Despite this pay
increase. staff vacancies meant costs only increased marginally compared to prior year. We aim to
manage these vacancies and recruit into high-priority mission areas with excellent and diverse staff.
We're thankful for a large number of staff joining the team this summer (August 2024). each ready to
come alongside and equip students for mission. As part of our commitment to resouTcing Cus.
during the last academic year we carried out around 20 training events throughout the UK. training
over 2,000 student leaders. These are invaluable events, and the direct costs, make up around 7%
of our expenditure.
Total Expéndituro
23124
22123
£4.672k
Governance costs total £153,564, 3% of total costs.
Governance costs were higher this year due to one-off costs for the independent investigation into
our employment practices. The cost of this investigation and a&%)ciated legal fees were necessary
and deliberate in order to conduct a rigorous review and determine effective next steps. We have
continued to work through these steps and remain committed to transparency and accountability.
Looking forward with thanks
We rejoi￿ in your partnership in this gospel ministy. This is a key moment for the fellowship as we
anticipate Matt Lillicrap beginning as our new CEO and are excited to See what God has in store for
us during this transition period.
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Your support and prayers are vital to our mission. We are deeply thankful for your ongoing
generosity and commitment and are committed to carefully managing our resources.
Please continue to pray for wisdom and discernment as we seek to steward our resou￿$ well for
the good of the 2.2 million students in Britsin and the glory of God.
Thanks for stsnding with us in this important work.
PRINCIPAL RISKS & UNCERTAINTIES
Risk Management
The Trustees have sought to identify the major risks to which The Fellowship is exposed and have
established controls and actions to minimise potents.al adverse outcomes. These risks and mitigating
actions are set out in a comprehensive and detailed risk register.
The strategic and operational risks are identified for each area, together with an explanation of how
they are being or will be managed. The register is reviewed fomially by the Trustees on an annual
basis but is kept up to date with regular input from the Executive team to identify emerging or
escalating risks. Risks are scored against probability and impact Griteria with mitigating controls,
monitoring processes, and action plan5 considered for all risk areas.
The Trustees also review on a regular basis the major financial risks that The Fellowship frdces. By
malntaining free reserves at the target levels, and regularly reviewing the controls over key financial
systems, The Fellowship will ensure that it has sufficient resources in the event of advense
conditions.
Principal Risks
The principal risks are those which could affect our financial position, our fundraising capabilities. or
our IT systems and include:
Reputational risk due to adverse publicity and fear of religious extremism.
Risk of corruption of IT systems or dats and unauthorised a￿sS to central IT systems.
Risk of a targeted attack on UCCF'S Christian values.
Volatility of income received from individual donors and trusts which is difficult to predict.
The Trustees, assessment is that adequate control measures are in place for the identified risks and
that the ongoing monitoring process and review by the senior management team is sufficient to
ensure that any new risks are identified.
STRUCTURE, GOVERNANCE & MANAGEMENT
Structure
UCCF exists to engage in evangelical and evangelistic Christian work in tertiary education
institutions.
The UCCF Trust Board is the primary committee within The Fellowship having fully vested powers of
governan￿ as further set out in The Fellowship's Memorandum and Articles of Association.
The UCCF Trust Board continues to devolve certain levels and types of executive authority to The
Fellowship's various operating divisions, but it retains ultimate responsibility for all the work of The
Fellowship.
The Fellowship is affiliated to the International Fellowship of Evangelical Students {IFES) and is
thereby identified with other member movements around the world.
All Trustees give their time voluntarily and do not re￿1ve any personal financial benefit from The
Fellowship.
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Composition of the Board
The membership of the UCCF Trust Board at 30 April 2024 was:
Mr Simn Day (Interim Chair)
Mr Mark Childs
Mr Gareth Burns
Mr James MacKenzie
Mr Jai Padam
ointments durin
thelma
2023 - 30 A rll 2024 •rlod boin
Mr Jai Padam appointed 21 June 2023
Mr Gar&th Bums appointed 23° Novemter 2023
Mr Mark Childs appoint￿1 28th December 2023
orted
Resi
nations durln
the1Ma
2023- 30 A rll 2024
Mrs Jenny Charteris resigned 7 September 2023
Mr Glynn Harrison resvJned 25 Septemter 2023
Mr Stephen Rigby resigned 25 September 2023
Mrs Abigail Marthinet-Glover resigned 2 October 2023
Mr John Stevens resigned 2 October 2023
Dr Christopher Imllmott resigned 9 October 2023
Rev Raymond Brown resigned 26 January 2024
Mrs Jenny Brown resigned 15 March 2024
oriod bein
rted
intments and Resl natlons aft•r 30 A
authorisation
Miss Begho Akoko appointed 22 May 2024
Mr Jai Padam resigned 22 May 2024
ril 2024 but
rior to financlal statement
Appointrnent, Induction and Tralning of Trustees
Trustees are elected, or if agreed re*lected, on a defined rotational basis and new Trustees are
provided WFth a suitable induction into The Fellowship's objects and ways of working from a
governance perspective.
The procedures and training in pla￿ ft)r new trustees are detsiled below.
The new Trustee is sent..
he Essential Trustee- What you need to knO￿- Charty Commission publication
Memordndum & Articles
The Constitution 2004
Governance Manual 2006
List of Trustees & Members
The new Trustee signs..
Doctrinal Basis- re-signed if and when their Trusteeship is extended beyond three years.
Statement of obligations as a Trustee.
Declaration of Interest and then signed at every subsequent AGM.
Various members of staff also routinely attend the Trust Board ex-officio (non-votlng). These
particularty include the Director of Christian Unions, the Company Secretary. the Field tlrector, and
the Head of Finance.
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Statement of Trustees, Responsibilities
The Trustees are responsible for preparing the annual report and the financial statements in
accordance with applicable law and United Kingdom Accountj'ng Standards (United Kingdom
Generally Accepted Accounting Practi￿).
Company law applicable to charities in England and Wales requires the Trustees to prepare
financial statements for each financial year that give a true and fair view of the charity's financial
activities during the year and of its financial position at the end of the year.
In preparing the financial statements. giving a true and fair view, the Trustees should follow best
practice and..
Select suitable accounting policies and apply them consistently.
Make judgements and estlmates that are reasonable and prudent.
State whether applicable accounting standards and statements of recommended practlce have teen
followed, subject to any material departures disclosed and explained In the financial statements.
Prepare the financial statements on the going con￿rn basis unless it is inappropriate to presume
that the charty will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose, with reasonable
accuracy, the financial position of The Felbwship and which enables them to ascertain the financial
position of The Fellowship and ensure that the financial statements comply with applicable law. They
are also responsible for safeguarding the assets of The Fellowship and hence for taking reasonable
steps for the detection and prevention of fraud and other irregularities.
UCCF has Directors and Offi￿rS insurance which covers trustees for claims first made against
UCCF or a named trustee.
RESERVES POLICY
NOTE- in this s8Ction the tem? "reserves" is taken to mean unrestriGted liquid assets that a
readily availabl8 for us8 and thus excludes reserves taking the form of fixed assets or other
restiicted reserves which are funds received for specrfic pmiect wo￿.
The Trustees recognise that reserves are essential in order to ensure that fluctuations in income do
not have a detrimental knock-on effect on the work. They have adopted as a policy that unrestricted
reserve equating to eight weeks of operating costs should be maintained, calculated on the basis of
an annual budget. The Trustees believe that this balances the need to apply funds to the mission
whilst ensuring that there are sufficient funds available to run the day to day activities and manage
any financial risks or any short-tem income volatility.
At the end of the financial year. unrestricted reserves totalled £632,335 and represented just short of
8 weeks of operating costs. Th8 Trustees feel that these reserves along with our investments, which
can be withdrawn in 10 days, provide sufficient liquidity and security for any short t6m volatility.
INVESTMENT POLICY
The "growth" portFolio strategy seeks to generat8 8 return above inflation over the long ts￿n. but with
a level of risk that is acceptable within the volatility of the market. The portfolio is structured as
Capital for the long temi, but none of it is illiquid, meaning it can be readily ac￿SSed should the need
arise. Income generated from the capital is paid into a cash account, allowing the Trustees to decide
annually on whether to spend the cash, carry it forward or increase the capital.
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REMUNERATION POLICY
UCCF seeks to be a good employer, both stewarding supwrters, money and providing staff with
realistic salary so they can afft)rd necessities such as rent, food, and other living costs, as well as
leisure activtties. In this regard, UCCF seeks to be an attractive employer to potential candidates
and to retain excellent personnel whether single. married, or with a family to support.
A fellowship-wide pay increase is considered on an annual basls and is primarily dependent on
UCCF'S income. The pay increase is based on a range of indices such as the Retail Price Index and
Consumer Pri￿ Index. Consideration of what other organisations are doing regarding salary
increases is made on a semi regular basis. This 0/0 pay increase applied to all staff is recommended
as part of the budget and this is then reviewed and approved by the Trustees as part of the overall
budget review.
Salary benchmarking for ￿rtain roles is carried out when recommended by the Trust Board. The
last review for senior staff was completed in September 2015 with the conclusion that no adjustment
Was required at that time.
All staff are paid above the recomm8nded living wage and those working in London are paid an
additional London allowan￿. In addition to salary and employee pension, UCCF provides life
insurance for staff who have a financial responsibility to a family member while they are working for
The Fellowship.
In financial year 2024-2025 UCCF plan to review our Remuneration Policy and principles as part of
a wider Ple￿ of work evaluating how we support and enable our people to have confidence and joy
in their vrfork with us.
CONTRIBUTION OF VOLUNTEERS
Some sixty volunteers (known as 'Relay Workers,) work closely alongside our own CU Staff Workers
as part of their training on the Relay scheme. Relay Workers stay with UCCF for ten months, usually
joining the scheme shortly after graduating. This scheme is a signfficant part of the work of The
Fellowship.
Around 33 volunteer Associate Staff Workers additionally contributed to our work locally in various
ways imp)rtant ways.
AUDITORS
A ￿SOlution to reappoint Forvis Mazars LLP as auditors to the Company and to authorise the
Trustses to fix their remuneration was approved at the Annual General Meeting held on 241h
November 2023.
Forrfis Mazars LLP have expressed their willingness to continue in office as auditors and this will be
submitted to the Annual General Meeting in November 2024.
CHARITY FUNDRAISING
UCCF is a Fellowship of students. staff, and supporters. All three groups are needed to achieve our
vision of giving every student in Great Britsin an opportunity to hear and respond to the gospel of
Jesus Christ. Therefore. it is important to us that we are good gospel partners and communicate VRII
with our supporters. The Development and Communications Team support and train all stsff in
fundraising best practice so that together we effectively resource this ministry through financial and
prayer support. We do not use any fvndraisers or commercial participators.
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As an organisation registered with the Fundraising Regulator we are committed to best practice and
upholding the Fundraising Promise of legal, open, honest, and respecfful fundraising. We pay the
voluntary levy, and we abide by the Code of Fundraising Practice. The relevant members of the
Development and Communications Team are members of the Institute of Fundraising.
In the 2023-24 financial year UCCF re￿iVed 1 fundraising complaint. Policies are in pla￿ to handle
and investigate fundraising complaints should they arise.
We are committed to treating our supporters well and being good gospel partners. We have signed
up to receive suppressions under the Fundraising Preferen￿ Servi￿. We have also followed
guidance from both the Fundraising Regulator and the Institute of Fundraising on how to ensure we
protect vulnerable people and others in connecting with our fundraising.
We recognise that some of the people that we engage with through our fundraising activtty will not
always have the capacity, at the point of the interaction, to fully understand the nature of the
donats.on they are being asked to give to UCCF or the consequences of making that donation. UCCF
also understands that people in vulnerable circumstan￿5 may need further support before making a
decision about whether to make a donation.
We therefore have a poliw which provides a foundation of awareness and knowledge which enables
all UCCF fundraisers to respond appropriately to people in vulnerable circumStan￿s, putting the
needs of the individual first, above and beyond securing a donation. It applies to all UCCF staff and
volunteers who undertake fundraising on behalf of UCCF, that includes the Development and
Communications Team as they fundraise ￿ntrally. and Staff Workers and Relay Workers as they
raise personal support.
OTHER INFORMATION
The principal and registered address of The Fellowship is Blue Boar House, 5 Blue Boar Street,
Oxford OX14EE.
This report has been prepared in accordan￿ with the Statement of Recommended Practi￿ and
Accounting by Charities (revised 2019).
So far as the Trustees are aware, there is no relevant audit information of which the company's
auditors are unaware, and they have taken all the steps that they ought to have taken as Trustees in
order to make themselves aware of any relevant audit infomiation and to establish that the
company's auditors are aware of that information, and they have made such enquiries of their fellow
Trustees and of the company's auditors for that purFX)se, and taken such other steps (if any) for that
purpose, as were required by their duty as Trustees of the company to exercise due care. skill, and
diligence.
The financial statements have been prepared in accordance with the provisions applicable to
companies. subject to the small companies. regime and in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102).
The Trustees Report was approved by the Board on and signed on its behalf by:
Mr Simon Day
CHAIR ofTRUST BOARD
Date: lo 2oLY
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Independent audltor's report to the members of Universities & Colleges
Chrlstian Fellowship
Opinion
bve have audited the financial ststements of Universities & Colleges Christian Fellowship (the
'charity') for the year ended 30 April 2024 which comprise the Statement of Financial Activities, the
Balance Sheet, the Cash Flow Statement and notes to the financial ststements, including a
summary of significant accounting poliaes. The financial reporting framework that has been applied
in their preparation is applicable law and United Kingdom Accounting Standards. including FRS 102
"The Financial Reporting Standard applicable in the UK and Republic of Ireland. (United Kingdom
Generally Accepted Accounting Practice).
In our opinion, the financial statements..
give a true and fair view of the state of the charty's affairs as at 30 April 2024 and of its
income and expenditure for the year then ended"
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practi￿. and
have b*n prepared in accordan￿ with the requirements of the Companies Act 2006. the
Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities
Accounts (Scotland) Regulations 2006.
Basis for oplnlon
Vve conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK))
and applicable law. Our responsibilities under those standards are further descrlted in the "Auditorfs
responsibilities for the audit of the financial statements. section of our report. We are independent of
the charty in accordance with the ethical requirements that are relevant to our audit of the financial
ststements in the UK including the FRC'S Ethical Standard and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have conduded that the trustees, use of the going concem
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfomed, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubt on the charitls ability
to continue as a going concem for a period of at least bNelve months from when the financial
statements are authorised for issue.
Our responsibtlities and the responsibilities of the trustees with respect to going concem are
described in the relevant sections of this report.
Other inforniatlon
The other information comprises the infomation included in the Trustees report, other than the
financial ststements and our auditor's report thereon. The trustees are responsible for the other
information contalned in the annual report. Our opinion on the financial ststements does not cover
the other infonnation and, except to the extent otherwise explicitly stated in our report, we do not
express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other
infomation is materially inconsistent with the financial statements or our knowledge obtained in the
course of the audit, or otherwise appears to be materially misstated. If we identrfy such material
inconsistencies or apparent material misstatements, we are required to detemine whether this gives
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rise to a material misstatement in the financial statements themselves. If, based on the work we
have performed, we conclude that there is a material misstatement of this other information, we are
required to report that fact.
We have nothing to report in this regard.
Opinions on other matter8 pre8cribed by the Companie8 Act 2006
In our opinion, based on the work undertaken in the wurse of the audit..
the information given in the Trustees. Report which includes the Directors. Report prepared
for the purposes of company law, for the financial year for which the financial statements are
prepared is consistent with the financial statements: and
Directors, Report included within the Trustees, Report has been prepared in accordance with
appllcable legal requirements.
Matters on which we are required to report by exception
In light of the knowledge and understsnding of the charity and its environment obtained in the
course of the audit, we have not identif￿d materÉal misstatements in the Directors, Report included
within the Trustees, Report.
We have nothing to report in respect of the following matter8 in relation to which the Companies Act
2006 and Charities Accounts (Scotland) Regulations 2006 requires us to report to you rf, in our
opinion=
adequate accounting records have not been kept or retums adequate for our audit have not
been re￿iVed from branches not visited by us. or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees, remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit; or
the trustees were not entitled to prepare the financial statements in accordance with the
small companies regime and take advantage of the small companies, exemption from the
requirement to prepare a Strategic Report.
Responsibilities of Trustees
As explained more fully in the trustees. responsibilities ststement set out on page 9, the trustees
(who are also the directors of the charitable company for the purposes of company law) are
responsible for the preparation of the financial statements and for being satisfied that they give a
twe and fair view, and for such internal control as the trustees dete￿Ine 18 necessary to enable the
preparation of financial statements that are free from material misstatement, whether due to fraud or
error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability
to continue as a going concern. disclosing, as applicable, matters related to going con￿rn and
uslng the going concem basis of accounting unless the trustees either intend to liquidate the charity
or to cease operations, or have no realistic alternative but to do so.
The
Christian
F Unions
Page 14 of 29

UCCF Trustees Report and Financial Statements 2024
Auditor's rosponsiblllties for tho audit of the financial statements
We have been appointed as auditors under Sects'on 44(1)(C) of the Charities and Trustee
Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with
regulations made under those Acts. Our objectives are to obtain reasonable assurance about
whether the financial statements as a whole are free from materi81 misstatement, whether due to
fraud or eThor, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a
high level of assuran￿ but is not a guarantee that an audit conducted in accordance with ISAS {UK)
will always detect a material misstatement when it exists. Misstatements can arise from fraud or
e￿or and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of the financial
statements.
The extent to which our prO￿dureS are capable of detecb'ng irregularitres. including fraud. is
detailed below.
Ir￿ularitieS. including fraud. are InStan￿S of non-complian￿ with laws and ￿gUlatIOnS. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in
respect of irregularits"es. including fraud.
8ased on our understanding of the charty and its activities, we considered that non-compliance with
the following laws and regulations might have a material effect on the financial statements: Charities
Act 2011, the Charities Statement of Recommended Practice, employment regulation, health and
safety regulation and anti-money laundering regulations.
To help us identify instances of non-compliance with these lay￿ and regulalions, and in identifying
and assessing the risks of material misstatement in respect to non-complian￿, our procedures
included, but were not limited to..
Inquiring of management and, where appropriate, those charged with governance, as to
whether the ¢harityis in compliance with laws and regulations. and discussing their policles
and procedures regarding compliance with laws and regulations.
Inspecting corresponden￿, if any, with relevant Ilcensing or regulatory authorities.,
Communicating identified laws and regulations to the engagement team and remaining alert
to any indications of non-complian￿ throughout our audit. and
Considering the risk of acts by the charity which were contrary to applicable laws and
regulations, including fraud.
We also considered those laws and regulations that have a di￿1 effect on the preparation of the
financial statements, such as tax legislation. pension legislation and the Companies Act 2006.
In addition, VR evaluated the trustees, and management's incentives and opportunities for fraudulent
manipulation of the financial statements (including the risk of ove￿Ide of controls) and detemiined
that the principal risks Nvere related to posting manual journal entries to manipulate financial
performance, management bias through judgements and assumptions in signrficant accounting
estimates, in particular in relation to income recognition (which we pinpointed to the cut off
assertion) and the use of restricted funds. significant one-off or unusual transactions.
Our audit prO￿dureS in ￿latIon to fraud included but were not limited to:
Making enquiries of the trustees and management on whether they had knowledge of any
actual, suspected or alleged fraud.
Gaining an understanding of the intemal controls established to mitigate risks related to
Discussing amongst the engagement team the risks of fraud," and
Addressing the risks of fraud through management override of controls by perfonning journal
entry testing.
Page 15 of29
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UCCF Trustees Report and Financlal Statsments 2024
There are inherent limitations in the audit procedures described above and the primary responsibility
for the prevention and detection of irregularities including fraud rests with management. As with any
audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery.
intentional ornissions, misrepresentations or the override of internal controls.
A further description of our responsibilrties for the audit of the financial statements is located on the
Financial Reporting Council's websrte at wNYw.frc.org. uklauditorsresponsibilities. This description
fonns part of our auditor's repo
Use of the audit report
This report is made solely to the charity's members as a bc*ly in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
charity's members those matters we are required to state to them in an auditor's report and for no
other purpose. To the fullest extent permitted by law, we do not accept or assume responsibilty to
anyone other than the charity and the charty's members as a body for our audit work, for this repor(
or for the opinions we have formed.
David Hoose INov25.2024 IB..43 Gmn
David Hoose
(Senior Statutory Auditor
for and on behalf of Forvls Mazars LLP
Chartered Accountants and Statutory Auditor
6 Domlnus Way
Merfdian Business Park
Leicester
LE19 1RP
Date: Nov 25, 2024
Page 16 of 29
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UCCF Tru3tees Report and Financial Ststsments 2024
Statement of Financial Activities
For the year ended 30" April 2024 {incorporating an income and expenditure account)
2024
Total Unrestricted Restricted
Funds
Funds
Funds
2023
Total
Funds
Unrestricted Restricted
Fun(ts
Funds
INCOME from:
Donations
Legacies
Charitable Activities
Other Trading Activities
Investments
Other
Total Income
Note
3.102,868
424,538
290.339
62,128
49.092
168
3.929,133
76,380 3,179,248
424538
290,653
62.292
49,092
168
76.858 4,005,991
3,101,527
651,985
314,680
17,789
45.322
496,581 3.698,108
651,985
316,610
17,789
45.322
314
1,930
4,131,303
498,511 4,629,814
EXPENDITURE on:
Raising Funds
Charitable Activities
Total Expenditure
323.705
4.110.602
4,434,307
1,441
325,146
138,245 4.248.847
139,686 4,573.993
298,186
3,937,273
4,235,439
1,506
299.672
435,188 4.371461
436,694 4.672.133
Net Incomel{Expendlturel
Before Gainl{Lossl on
Investment
(505,174) 162,828) (568.002) 1104,1361
61,817
(42.319)
Net gainl{losses) on Investment
Net Incomel{Expanditure)
151.687
151.687
(56,333)
1353,487) (62,828) (41 13151 (160,469)
166,333)
(98,652)
61.817
Transfers Between Funds
Net Movement in Fundg
138,563 (138,563)
1214,924) (201,391} (416,315)
(88,058)
(228,527)
88.058
129,875
198,6521
RECONCILIATION of Funds:
Total Funds Brought Forward
Totsl Funds Carried Forward
2.447,492 1,787,098 4.234,590
2,232,568 1,585,707 3,818,275
2,674,019 1,657223 4,333,142
2,447,492 1,787,098 4,234,590
The Notes on pages 20 to 29 form part of these financial statements.
Page 17 of29

UCCF Trustees Report and Financial Ststements 2024
Balance Sheet
As at 30° April 2024 Company Registration No. 387932
2024
2023
Flxed Assets
Tangible Nssets
Investments
Note
1,470,756
1,667,844
3,138.600
1,494,600
2,090,364
3,584.964
Current Assets
Debtors
Cash at bank and in hand
628,976
574.569
1,203,545
410,332
641,796
1,052,128
Creditors
Amounts falling due within 1 year
{523,870)
(523,8701
(402,502)
1402.5021
Net Current Assets
679,675
649,626
TOTAL NET ASSETS
3,818.275
4,234,590
Funds of the charity
Restricted
Designated
General
TOTAL FUNDS
11
13
12
1,585,707
113.956
2,118,612
3.818,275
1,787,098
473.950
1,973.542
4,234,590
The financial statements have been prepared in accordance with the provisions applicable to
companies. subject to the small companies. regime and in accordan￿ with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102).
The Financial Statements were approved by the Trustees on
and signed on its behalf by Simon Day (Chair and Trustee)
V 2024
Page 18 of 29

UCCF Trustees Report and Financial Statsments 2024
Cash Flow Ststement
For the year ended 30th April 2024
Note
2024
2023
Cash Flows from operating actlvltles
Net income lexpenditure for the period
adjustments for:
Depreciation charges
(Increase>ldecrease in debtors
Increasel(decrease) in creditors
Unrealised (Gain)ILoss on investments
Investment income and interest less Inv Mgt Fee
(Profit)Iloss on disposal of fixed assets
(416,315}
(98,652)
49,191
(218,644)
121.368
(151,687)
(32,294)
38
58,793
(86,879)
26,257
56,333
(26,912)
Net Cash provided by oparatlng activiti88
(648,343)
171,055>
Cash Flows from investlng actlvltl
Income from investments
Tangible assets.. addltions
Tangible assets.. sale proceeds
Investrnents.. additions
Investments.. sale prO￿ed$
Net Cash provided by investing activities
6,426
{25.820)
510
5,760
(33,403)
285
600,000
581,116
(27.358)
Movement in cash and cash equivalents in
the reporting period
167,227)
198A13)
Cash and cash equivalents at 1st May
641,796
740,209
Cash and cash equivalents at 30th April
574,569
641.796
Analysls of cash and cash aquivalents
Cash at bank and In hand
574,569
641,796
The Notes on pages 20 to 29 fomi part of th880 financial Statements
The
Christian
nions
Page 19 of29

UCCF Trustees Report and Financial Statements 2024
Notes to the Financial Statements
For the year ended 30, April 2024
ACCOUNTING POLICIES
Basis of accounting
These financial statements have been prepared in accordance with Aexounting and Reporting by
Charities.. Ststement of Recommended Practice applicable to charities preparing their accounts in
accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of I￿land (FRS
102) (effective 1st January 2019)- (Charities SORP (FRS 102)), the Financial Reporting Standard
applicab￿ in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise
stated in the relevant accounting policy or note.
UCCF meets the definition of a public benefit entity under FRS 102.
Going Concern
The financial statements have been prepared on a going concern basis as the Trustees believe that
there are no material Un￿rtaIntieS about The Fellowship's ability to continue as a going COn￿rn. The
Trustees have considered the level of funds held and the exDected level of income and exDenditure
for the next 12 months and the budgeted income and expenditure is sufficient with the level of
reserves for The Fellowship to be able to continue as a going concern.
Funds Accounting
The Fellowship's reserves are classffied in the following three ways..
General Funds-These are unrestricted funds available for use at the discretion of the Trustees to use
in the normal activity of The Fellowship in furtherance of its general charitable objectives and which
have not been designated for other purposes.
Designated Funds- These are unrestricted funds that have been set aside by the Twstees for a
particular purpose.
Restricted Funds- These are funds that are to be used in accordance Wlth specific restrictions
imposed by donors or which have been raised by The Fellowship for particular purposes. The costs of
raising and administering these restricted funds are charged against the specific fund.
Income and expenditure relating to restricted andlor designated purposes are reflected in the
Statement of Financial Activities ("SOFA°), with the resultant net incomingl(outgoing) reSoUr￿S
thereon being appropriated each year to separate funds in the balance sheet.
Tangible fixed assets
Tangible fixed assets costing more than £500 a￿ capitslised and included at cost, including any
incidental expenses of acquisition to bring the asset into working condition for its intended use.
Assets are reviewed for impairment by the Trustees if circumstances indicate their carrying value may
exceed their net realisable value and value in use.
Depreciation of leasehold propety is provided at a rate calculated to write off the cost over not longer
than the remaining period of the lease.
Realised gains and losses are shown in the appropriate section of the SOFA.
The
Christian
Unions
Page 20 of 29

UCCF Trustees Report and Financial Statements 2024
NOTES to the Financial Statements (continued)
For the year ended 3￿ April 2024
Depreciation is provided at rates calculated to write off the cost of those assets on a straight-line basis
over their expected useful lives.
The plin￿paI annual rates used a￿..
Freehold buildings
Computer and other shorter life equipment
Fixtures and fittings
2.0%
25.00
12.50
Investments
Investments and loans hekl as fixed assets include listed investments. Listed investments are held at
market value with any gain or loss being tsken to the SOFA.
Income
Income is included in the SOFA when The Fellowship is entitled to the income after any perfomance
conditions attached to the income have been met, the amounts can be measured reliably, and it is
probable that the income will be received.
Donations - Donations are recognised when the re￿[pts have been deposited into the bank. The tsx
recoverable under Gift Aid is recognised as income when it becomes receivable.
Legacies - Legacies are recognised when probate is given and there is sufficient infomation to value
them.
Expenditure
All expenditure is accounted on an accwals basis. Expenditure is re￿nised when there is a legal or
constructive obligation committing The Fellowship to the expenditure. Costs reported under each
heading in the SOFA retlect the allocations of activities directly attributable to that heading together
with an apportionm6nt of support and governan￿ costs (S￿ below).
Raising Funds represent the expenditure incurred on generating funds from all the possible sources
of income.
Chantable activities represent the expenditure incurred on student ministry.
Support costs include expenditure on office costs, govemance. payroll administration. infomation
technology, human resources and financing. Together with governance costs they are allocatsd
between the cost of raising funds and charitable activities as shown in note 3.
Forelgn currency
Transactions in foreign currencies are translatsd into sterling at rates of exchange ruling at the date
on which transactions occur.
All foreign currency balan￿S are translated at the rate ruling at the balance sheet date.
Page 21 of 29
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UCCF Trustees Report and Financial Statements 2024
NOTES to the Financial Statements (continued)
For the year ended 30th April 2024
Ponsions
The Fellowship uses a defined contribution pension scheme run by The People's Pension (TPP).
Employer contributions into the scheme and contributions payable to the pension scheme are
charged to the SOFA In the period to which they relate.
Financial Instruments
The Fellowship only holds basic financial instruments as defined in FRS 102. The financial assets and
financial liabilities of the academy trust and their measurement basis are as follows=
Financial assets - trade, other debtors. accrued legacy income and gift aid recoverable are basic
financial instruments and are debt instruments measured at amortised cost as detailed in note 8.
Prepayments are not financial instruments.
Cash at bank- is classified as a basic financlal instrument and is measured at face value.
Financial liabllities- trade creditors, accruals and other creditors are financial instruments, and are
measured at amortised cost as detailed in note 9. Taxation and social security are not included in the
financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as
the cash settlement has already taken place and there is an obligation to deliver services rather than
cash or another financial instrument.
Critical Estimatss and Areas of Judgement
In the application of the charity's accounting policies. the trustees are required to makejudgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are consbjered to be relevant. Actual results may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised, if the revision
affects only that period, or in the period of the revision and future periods if the revision affects both
current and future periods.
The trustees do not consider that there are any estimates and assumptions which have a signrficant
risk of causing a material adjustment to the carrying amount of assets and liabilities.
Page 22 of 29
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UCCF Trustees Report and Financial Statements 2024
NOTES to the Financial Statements (continued)
For the year ended 30° April 2024
2. EXPENDITURE
staff Support
Costs
Costs
other
Costs
TOTAL
2024
TOTAL
2023
Deprn
Expenditure on Raising Funds
188,308
54,272
78.986
Charitable Activities
2,592,687
805,649 804.900
Total Expendlture 2,780.995 859,921
883,886
3.580
325,146
299,672
45.611 4.248,847 4,372,461
49,191 4573,993 4,672,133
3. SUPPORT COSTS
Faclllties
&HR
TOTAL
2024
TOTAL
2023
Finance
IT Gov'nce
Raising Funds
Student Ministry
Total Support costs
27,525
408,596
436,121
12,160
180,513
192,673
4,895
9,692
54,272
38.955
72,668
143,872 805,649 601,534
77,563 153W 859.921 640.490
Staff costs of £387,301 are included within support costs. Support Costs are allocated to activities on
the basis of headcount.
Page 23 of 29
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UCCF Trustees Report and Financial Ststsments 2024
NOTES to the Financial Statements (continued)
For the year ended 30° April 2024
4. NET INCOMEI(EXPENDITURE)
2024
2023
This is stated after charging-
Auditors, remuneration
Depreciation
Gift Aid (income)
(14,000) (12,000)
{49,191} (58,793)
288.312 304,898
5. EMPLOYEES and TRUSTEES
a) EMPLOYEES
Staff costs
2024
2023
Salaries
Social security costs
Pension Contributions
2.759.376 2,996.315
256.436
273,802
152.485
124,379
Total 3.168,296 3,364A96
2024
2023
Average staff numbers
105
114
Number of omployees whose total
remuneratlon (excl penslons
contrlbutlon & Nl) falls between the
followlng range
£60,000 - £69.999
£70,000 - £80.000
2024
2023
The staff costs shown above differ from those shown in note 2 by the amount of 8tsff costs included
as support costs.
Page 24 of 29
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UCCF Trustees Report and Financial SLthments 2024
NOTES to the Financial Statements (continued)
For the year ended 30° April 2024
Key management personnel remuneration
The key management personnel of the charity comprise of the Directorate and Head of Finan￿. The
Directorate includes the CEO, the Field Director, the Director of Creative Evangelism. the Direttor of
People. the Director of Ministry Operations.
Total remuneratlon
(Incl penslon contrfbutlon)
2023
(Restated)
2024
Key Management
355.051
334,923
b) TRUSTEES
No Trustee re￿iVed remuneration from the charity during the year (2023: £ nil). Trust&s are
reimbursed for out of pocket travel and Subsisten￿ expenses.
2024
2023
Trustees receiving re-imbursement
Total amount of reimbursement
£2.774
£1,878
Total donations re￿iVed from trustees during the year was £22,258 (2023: £4,330)
c) RELATED PARTY TRANSACTIONS
There were no related party transactions during the year {2023; none).
Page 26 of 29
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IF Unions

UCCF Trustees Report and Financial Statements 2024
NOTES to the Financial Statements (continued)
For the year ended 30 April 2024
6. TANGIBLE FIXED ASSETS
Leasehold Computer,
Property Fixtures &
Flttlngs
Total
Cost
At 1st May 2023
Additions
Disposals
At 30th April 2024 1.736.010
1,735,010
382,772 2,117,781
25,820
25,820
(31,509) (31,509)
377.082 2.112.093
Depreclafjon
At 1st May 2023
Charge for year
On disposals
At 30th April 2024
284,824
24,768
338,358
623,182
24,423
49,191
{31,037) (31,037)
331,745
641.336
309￿91
Net Book Value
At 30th April 2023
At 30th April 2024
1,450,186
1.425.419
44,414 1,494,600
45,337 1.470.756
7. INVESTMENTS
Co8UMarket Value
2024
2023
Market value at start of year
Additions at ￿st
Dividends reinvested less management fee
25,793
Disposals at carrying value
(600,000)
Change in market value
151,687 {56,333)
Market value at end of year
1,667,844 2.090,364
Historical cost at 30th April 1,090,732 1,664,939
2.090,364 2.125,545
21,152
Investment Comprises:
2024
2023
Cash
Listed Investments
49,364
63.537
1,618,480 2,026,827
Total 1,667.844 2,090.364
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UCCF Trustses Report and Financial Statements 2024
NOTES to the Financial Statements (continued)
For the year ended 3￿ April 2024
8. DEBTORS: Amounts falling due within one year
2024
2023
Trade debtors
Accrued legacy Income
Prepayments
Gift Aid recoverable
Other debtors
60,606
6,073
432,852 226,499
52.251
55.052
49,669
78,061
33,598
44,647
Total 628.976 410.332
9. CREDITORS: Amounts falling due within one year
2024
2023
Trade creditors
Accruals
Taxation and social security
Deferred Income
Other creditors and accruals
186.159
37,924
153,600 200.821
51,526
84,609
73,675
47,976
90,082
Total 523,870 402,502
Deferred Income
COnferen￿lsuMMer Team income received in advance
Relay training fees & deposits received in advance
Donations for new staff post received in advance
70.988
12,250
1.371
84,609
58,515
15,160
Totsl
73.675
Prior year deferred inocme balances were utalised in the year
10. ANALYSIS of NET ASSETS BETWEEN FUNDS
Unrestricted Restricted
Funds
Funds
2024
Total
Funds
Unrestricted Restricted
Funds
Funds
2023
Total
Funds
Tangible fixed assets
Investments
Cu￿ent assets
Current liabilities
45,337 1,425,419 1,470,756
44,414 1.450,186 1,494,600
1,515,851
151,993 1.667,844
1,755,803
334,561 2,090,364
1,193.821
9.724 1.203,545
1,027,080
25,048 1.052.128
{522,441)
(1,429) (523,870) (379,805} (22,697) {402.502)
2.232,568 1.585,707 3.818.275
2M47,492 1,787,098 4,234590
Total funds
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UCCF Trustses Report and Financial Statsments 2024
NOTES to the Financial Statements (continued)
For the year ended 30° April 2024
11. RESTRICTED FUNDS
Restricted funds are funds donated or allocated for restiicted purposes.
Balance
at 1st
May 2023
Balanco
at 30th
Apr 2024
Income Expenditure
Transfers
Building Fund
Exeter Uni CU Fund
Forum Spring Appeal
Gospel
NE 'Vardy" Fund
Teachers Neknvork
Relay Worker Assistan
Fund
1,584.917
3,177
(22,839) (136,659) 1,425,419
3.177
38,619
17,614
(38,619)
(53,413)
163,061
5,333
{1,762)
125,500
5,333
19,200
1,425
(19,200)
<5,615)
(142)
(139.686) 1138,563> 1,585,707
30,610
26,278
Total 1.787,098
76.858
The total transfer between unrestricted and restricted funds of £138,563 in the year is relates to 100
administration fees on all restricted donation plus transfer of £136,659 out of building fund due to a
requested transfer of remaining cash from building fund to general funds by the donor.
12. UNRESTRICTED FUNDS
Balance
at 1st
May 2023
Balance at
30th Apr
2024
Income Expenditure
Transfers
General Funds
Designated Funds
473,950
86,609
(168,459) (278,144)
113,956
1,973.542
3,994,211
(4,265.848}
416,707
2,118,612
Total 2,447N92 4,080,821 (4.434.307)
138.563 2,232,568
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UCCF Trustees Report and Financial Statements 2024
NOTES to the Financial Statements (continued)
For the year ended 30" April 2024
13. DESIGNATED FUNDS
The income funds of the charity include the following designated funds which have been set aside out
of unrestricted funds for specific purposes:
Balance
at 1st
May
2023
Balance
at 30th
Apr 2024
Income Expendlture
Transfers
Staff Worker Posts
Job Retention Fund
Building Maintenance Fund
Directorfs Discretionary
Staff Training Fund
Strategic Research
South East Big Weekend
International Work
London Tralning & Mission
Fund
Hardship Fund
4,302
Student Ministy Reserves
37,500
Total 473,950
23,417
366,666
15.000
3,619
(15,917)
7,500
(366,666)
14.302
(18.302)
11,000
3,619
32,000
4.936
306
9,793
3,000
7,143
63,120
(51,442)
(69,379)
(65)
(13.354)
76,299
11,195
900
8.351
3,000
(529)
(1,550)
16,346
4,302
37,500
(168,459) (278,144> 113,956
86,609
14. PENSIONS
The Fellowship operates a workplace pension scheme whos6 assets are held separately from those
of The Fellowship in an independently administered fund. All eligible staff are autoonrolled into the
scheme. The Fellowship makes contributions into their scheme of 3¥., 5¥0 or 7.5 %. At 30th April
2024. there were contributions totalling £20,352 which were outstanding to the scheme. (2023;
£24,480)
Page 29 of 29
IIIIThe
Christian
Unions