Charlty number: 800030 THE INTERNATIONAL CHURCHILL SOCIETY UK UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
THE INTERNATIONAL CHURCHILL SOCIETY UK CONTENTS Page Refor•nce •nd Admln58tratlv• Detalls olthe Charlty, Its Tru8tw• and Advl••rs Tru8tee•' Report Tru8tee•' R••pon•lbllltle8 Statement Ind•p•ndent Examln•r'• Report Stat•m•nt of Flnanclal Actlvltle• Balan¢e Sht Not•• to the Flnanclal Statem•nt• 10-18
THE INTERNATIONAL CHURCHILL SOCIETY UK REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2024 Tru•t•e• The Lord Marland L S Geller C.B.E R L S Churchill R S Rubin O B.E Lord Andrew Roberts S M Johnson S Poss lappointed 30 January 20241 P Boeckman (appointed 30 January 20241 J Churchill lappoint•d 30 January 20241 M Reiss lappoinled 30 January 20241 M McGrath lappoinled 22 April 20241 D J Greenwell lappointed 22 April 20241 Charlty reglJtèr¢d number 800030 Prlnclpal offlce Churchill Colleg8 Cambridge C83 ODS Secretory to the Trustees and executlv• Dlrector A Smith Treasurer S M Johnson Independent examln•r Haslers Charterè¢J Accountants Old Station Road Loughlon Essex IG10 4PL Page 1
THE INTERNATIONAL CHURCHILL SOCIETY UK TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The trustees present their report wrth the financial statèmènts of the chanty for the year éndod 31 August 2024, The trustees havè adopted the provisions of Accounting and Reporting by Charities. Statement of Recommended Practice applicable to charities prepanng their accounts In accordance with the Financial Reporting Standard applicable in the UK and Républic of Ireland IFRS 1021 leffectiV8 1 January 20191. OBJECTIVES AND ACTIVITIES Pollcl•8 and obJectlve• The prlncipal objéctives of the Socièty as set out in the Deed of Trust, are to adv8noe the oducalion of the publi¢ In the life and legacy of Sir Winston Churcnill for thè publlc benefrt In particular but not exclusively by Creating, implementing or supporting programmes in his name or that support hls values that advance education. encourage public service, support democratic lieedoms, develop public speaking, nurturo leadership 8ndlor foster self-expression,. Publicly reeognLzing, honounn9 and rewarding tho Churchillian values of brovery, cr8ativity, oratory and leadership., Supporting the work of the Churchill sites, museums 8nd charlties In the United Klngdom ind beyond, so as to help maintain the rich diversty of his livlng legacy., and Encouraging wlder aweTeness of the historic role played by Sir Wlnston Churchlll by staging or supportin9 lectures. symposia, conferences and exhibitions, and by developing publications and on-line resources. bl Strattyle• and actlvltles for achlevlng obJoctlvg• Th• Soclety ha• adopied a vorlety of itrategle• to furth•r Iti obJ•ctlv••: It stages public events designed lo promote knowledgé of Ihe life and achlevements of Sir Winston Churchill., It supports educalional programmes and competrtions, particularly for the Inspir81ion of the young,. It seeks to promote and support tha work of other Churchlll charltles, sttes and in81itutions in thè Untted Klngdom, It funds a quart8rly journal, 'Fin6st Hour,, for distribution to members., It organizes membership funclions at lèast annually to cèlebratè thè anniversary of significant events or speclal themes in tho lrfe of Sir Winston Churchill.. A strategic aim lor the future is to widen our reach via, and Interest and engagemont in the life and legacy of Sir Winston Churchlll by 5UPPOrting relevant educational initlatives and progr8mmes', The international Churchill Society UK assi8led. by request, the International Churchill Society in th8 Unrted States wit* their Intern8tional ¢onference being held in Edinburgh in October 2023. These strategies are proving successful in meeting our ch8rrtable objectwes, and we intend to build on them in the futur8 Page 2
THE INTERNATIONAL CHURCHILL SOCIETY UK TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 ACHIEVEMENT AND PERFORMANCE a) Revl•w of a¢tlvltl08 The Society has assisted tha Intern8tional Churcttill Society in th6 USA wrth its major Int8rnatlonal conferencè event to be held in October 2023 in Edinburgh This will be a showcase event and bring together all the Churchill organizalions, and memboTS from across the world. Around 85% of delegates are expected to be from overseas, ICS UK Is also assisting the International Churchill Society In the USA in their organLzation and delwery of thé International Churchill Conference to mark Churchill's sesquieentennial ev8nt in London in Oclober 2024 b. Future Development• Thè following are the immediate aims of the Trust8e$ in 2023Q4'. To 8SSlSt Ics US to delNer their 40th ICS International Churchill Conforenc6 in Edinburgh in October 2023. Continued delivory and Improvement of rts digital resourc8S M8intenan¢e of Charrty funds To honour existing commrtments lo the Design and Public Speaking Competitions FINANCIAL REVIEW l Flnanclal revlew and pollcy on re•erve• Membershlp of the Society Is made up of UK members, Dlgital only members and international alflialed members giving a combined total of 2974 8clive members of all types globally As will be seen from the Accoun15 the Society generaled a net suplus of £22,957 in the year, compared to a net surplus 01 £35,930 In 2023. Reserves are adequate to meet Ihe Society's current needs. The Society's poliey on Reserves is to have plans to raise sufficient amounts to ftjnd current projects over the next three years STRUCTURE, GOVERNANCE ANO MANAGEMENT 01 Conjtltution The charrty is Controlled by rt$ governing document, a d8ed of trust and conslitules an unincorporated charity The International Churchill Society IUKI is a registered charity nurnber 800030, constituted by Deed ol Trust d81ed 25 July 1988, as amended on 19 April 2008, as amended by deed on 10 July 2015. The Trustees have unrestricted powers lo make investment. Appolntment of Trustees As sel out In the Deed of Trusl. a new Trustee may be eppointed by 8 r8solution of the Trustees recorded in the minutes and signed by the new Trustee The number of Trustees shall not be less than three or more than glve. b} Organl•atlonAI •tructUfO and dKl8lon m8kln9 Th• Tru51ees administer the Society and meet as necèssary. Three TTUStees shall form a quorum and a m8eling of Trustees at which a quorum is present shall be competent to exerc15e all or any of the powers and di5crelion5 vested In the Trustees. Questions arising at any meeting are decided by a maiorrty of votes leach Trustee present having one vote) and, in the case of an equality of votes, Page 3
THE INTERNATIONAL CHURCHILL SOCIETY UK TRUSTEES, REPORT {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2024 thè Chairman shall have e second or casting vote. During the year In question, the Trusl8es inrtially delegated the day lo day Implementatlon and admlnistrotion of ther strategy and programmes to the Executive Director. Mr Andrew Smrth, However this fre8lenc6 contract was lerrninated In this financia1 year and as such thè charity currèntly has no adminlstrative support out wrth the pro bono work don8 by its trustees. c) Rlsk managem•nt Risks are identified ènd assessed and control8 are established for tho Society throughout th8 year A form81 review of the Society's risk management processes Is undertaken on an annual basis. Through the rlsk management proe8sses established for the Society, the Trust8es ar8 satisfied that the major risks Idenllfied hav8 been adequately mitigated where necessary It Is recognised that SyBlem8 can only provide reosonable but not absolute assurance that maior risks have been adeq¢Jately menaged. dl R•lal•d party felallon•hlp• The Society continues to maintain Ilnks. includlng for Odministrational support, the delegallon of tho production and distribution of Finest Hour and Ihe and the sharing of profits from the International Confèrence, with The International church11 Society in tha USA, We also have links r8lat8d Churchill organttation6 in Canada ond other countries, and has establishad informal links with the other Chur¢hlll sites and charities providing material for tho Socletys websile winstonchurchill.org The Soclely has formed a stfategic partnorship with Tho Royal Unlted Sorvices Institute IRUSI}. In eollaboratlon wrth ICS US. this commitment involves a memor8ndum of understanding 8nd a financial commrtment of £1 m lo be paid by ICS UK and US Jointly over 5 years. An ICS UK Trustee L S Geller CBE is also a board member of RUSI. el Publlc benefft •tatem•nt In shaping the Society's objectives and planning the aclivrtles. the Trustees h8ve considered the Charlty Comm185ion's guld8nce on public benel+t Appioved by order ol ttte membèrs of the board of Trustees on 14 May 2025 and signed on ttt8ir behall by,. S M Johnson Page 4
THE INTERNATIONAL CHURCHILL SOCIETY UK STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2024 Th& Trustees are responsiblé for preparing tho Trustees, Report and the financial statemént8 In accordancg Wrth applicable law and Uniled Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pracli¢é i. The law applicable to charities in England & Wale$ require3 the Trustees to prepore financial statements for 88ch financial whi¢h give 8 tru8 and fair view of the state of affairs of the Charity and of it5 Incoming resources and application of resources, including rts income and expenditure, for that period. In preparlng these financial statement5, the Trustees afe roquired to.. select suitablè accounting policies and ltten apply them consistently, obs6rve the methods and principl8s of the Charitlès SORP IFRS 1021., make judgments and accounting estimates th81 are reasonable and prudent. slate whether applicable UK Accounting Stand8rds IFRS 1021 have been followed, subject to any m8terlal departur8s disclosed and explained In thé financial stal6m8nt$". prepare the financ181 statements on the going concern basis un18SS It Is naPpropriate to presume that the Charity will contlnuo In business. The Truste88 ar8 responsible for keeping adequale accounting records that arg sufficient to show and explain the Charrty's transactions and disclosè with reasonable ac¢uracy at any tirpe the financial position of the Charity and enable them to ensure that the financial statements comply with the Charrties Act 2011, the Charity (Accounts and Reportg) Regulations 2008 and the provisions of the Trust deed. They ar8 also responsible for S8feguarding the 8ssels of the Charrty and hence for taking reasonable steps for the prevention and detectlon of fraud and other irregularrties. Approved by order ol thè membors of the board of Trustees on 74 May 2025 and slgned on its behalf by.. 80n Page 5
THE INTERNATIONAL CHURCHILL SOCIETY UK INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Independent Examln•r'8 Report to th• Tru•tM• of Tho Int•rnatlonal Churchlll Socloty UK (Ihe Charlty'l I report to tho charity Trustèe$ on my examination of the accounts of the Charrty for the y&ar ended 31 August 2024. R••ponilbllltl•• and Ba•1• of Repgrt As the Trustees of the Charity you are responsible for the preparation ol the 8ceounts in accordance with the requirements of tho Charities Act 2011 {'the 2011 Act'i. I report in r8spect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying Out my examination I have followed the applicable Directions given by the Charity Commis810n undér Section 14515llbl of the 2011 Act. Independenl Examlnorf• Statement Since the Char*ty's gross income exceeded £250.000 your ox8miner must be 8 memb•r of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examlnation becausa l am 8 member of (enter body here), which is one of the listed bodies Your attention is drawn to the lact that the Charrty has prepared the accounts In accordance wrth Accounting and Reporting by Charitle8 Statement of Recommended Practice applicable to charities preparing Iheir accounts in accordanee with thé Finanei81 R8port1ng Standard applicable in tho UK and R•publie of Ireland IFRS 1021 in preference to tho Accounting and Reporting by Charrtie5. Statement of Recommended Practice issued on 1 Aprll 2005 wttlch 1$ referred to In the extant regulation$ bul has bo•n wrtttdrawn. l understand that this has been donè In order for the accounts to provide a true and fair vlew in accordance with the Gener815y Acceptéd Accounting Practice effective for reporting p6rlods beginning on or after 1 January 2015. I have completed my examination. I conflrm th8t no matters have come to my attention in connection wlth the examination giving me cause to believe that In any material ro$Pe¢t'. accounting records were not kept in respect of th8 Charity as required by section 130 of the 2011 Act.. or the ac¢ount$ do not ac¢ord with Ihose records., or the accounts do not comply with the 8pplicable requirements concerning thè form and content ol accounts set out In the Charili&s (Accounts and R8POrt51 Regulgtions 2008 other than any req uirément that the accounts give a 'true and fair. vlew 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 rèport in ordef to enable a proper understanding of the accounts to be reached. This report Is mad8 solely lo the Charity's Trtsstees, as a body, in accordance wrth Part 4 of the Charrties IA¢eounts and Reports) Regulations 2008 My work has been undertaken so that I might slate lo the Charitys Truste8S thos8 matters l am required to St8te to them In an Independent Examinels Report and for no othèr purpose. To the fullest extent permrtted by law, I do not accept or assume responsibilrty to anyone other than the Charity and th& Charity's Trustees as a body, for my work or for this report. Page 6
THE INTERNATIONAL CHURCHILL SOCIETY UK INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Signed. Dated. 14 May 2025 P Thaln FCCA H8sl8rs Chartered Accountants Old Station Road Loughton Essex IG10 4PL Page 7
THE INTERNATIONAL CHURCHILL SOCIEfi UK STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 Re8trlct¢d Unre•trlct¢d fund• fund8 2024 2024 Total funds 2024 Tot81 funds 2023 Not• Income from: Donations and legacie8 Other trading activities Investments 45,035 14,000 218,448 10,372 59,035 218,448 10,372 24, 428 62,341 10,238 Total Incom• 45,035 242,818 287,853 9T,007 Expendltur• on: Raising funds Charrtable activrties 26,730 282,847 26,730 282.847 20,000 72.327 Total expendltur• 20,000 289,577 309,577 72,327 N•t Incomoll•xp•ndllur•} before n•t galn• on Inv••tm•nt• Net gain8 on Inv8stmenls Net Incom•llexp•ndltu re} befor• taxatlon 25,035 146,7591 44,881 121,7241 44,681 24,680 11,250 25,035 {2,0781 22,957 35.93Q Net mov•rnenl In lund• 25.035 (2,0781 22,957 35,930 R•conclllatlon of fund•: Total funds brought forward Nel movement in fund8 511,153 (2,0781 511,153 22,957 475, 223 35,930 25.035 Total fund• CArrl•d forward 25.035 509,075 534,110 511.153 The Statement ol Flnancial Activities includes 811 gains and losses recognised in the year. The notes on pages 10 to 18 form part ol these flnancial statements. Page 8
THE INTERNATIONAL CHURCHILL SOCIETY UK BALANCE SHEET AS AT 31 AUGUST 2024 2024 2023 Note Flxéd a••et8 Investments 488,514 433, 522 488,514 433. 522 Current as••t• Debtors Cash at bank and in hand 10 27.304 22,192 43.276 38,105 49,498 81,381 Cr8ditors' amounts falling due within one year 13,900) (3. 750) Net current a•$et• 46,598 77,631 Total a••et810•8 current Ilabllltle• 534,110 511,153 Total net a••et• 534,110 511.153 Charlty funds Restricted funds 12 25,035 509,075 Unr651ri¢led funds 12 511,153 Total fund• 534.110 571.153 Th6 financial statements were approved and authorlsed for issue by the Trustèos on 14 May 2025 and signed on their behalf by S M John8 The notes on pages 10 to 18 form part of these financial slatements. Page 9
THE INTERNATIONAL CHURCHILL SOCIETY UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 General Informatlon The International Churchill Society is an unin¢ofpor8ted charrty, registered in England & Wales, with registered number 800030, The prlnclpal offlc8 Is detailed on paga 1 of thé financial statements. Accountlng pollclo• 2.1 Baslg of preparatlon ol flnoncl•l •latoments The financial statements h8ve been prepared in accordance wrth the Chartties SORP IFRS 1021 Accounting and Reporting by Charlties Slatement ol Recommended Pr8eti¢e 8pplicable to chari118s preparing Iheii accounts in aecordance with the Flnancial Reporting Sl8ndard 8pplicabl8 in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financi81 Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 and the Charitiés Act 2011 The financial slatemonts hav8 beén prèpared to givé 8 'trué and fair, view 8nd have departed from thè Charities IAccounls and Reports) Regulations 2008 only to the extent requiTed to provide a Irue and fair, view. This departure ha$ Involved following th8 Chaiities SORP IFRS 1021 published In October 2019 rather than the Accounling and R8POrting by Charitses. Statement of Recommended Pr8Ctle8 effectivè from 1 Aprll 2005 which has since been withdrawn The Inlernotional Churchill Society UK meets the definition of a public benefil entity under FRS 102 Assets and liabilities are Initl811y recognised at historical cost or transaction value unless otherwise st8ted in the rolevant accounting pollcy. The finan¢lal statements are presented in pound5 sterling, which 15 the functional curréncy of the charity 2.2 Income All Income is recognlsed once the Charity has entitlèment to the income, it IS Pfob8ble that thé income will be received and the amount of income receivable can be measured reliably. Income lax recoverable in r818tion lo investmonl Income is iecognised al the time tha inveslment Income is recelvabl8. Full credlt Is taken lor membership subscriptions in the year they are receivable, except where life memborship amounts are received or a membeT pays In advance for student subscriptions. which are crèdited to Income over the perlod ol expected benefit. 2.3 expendlture Expenditure is recognised once there is 8 legal or constructive obligation to transfer economic benefit to a third party. it is probable that a transfer of economic benefrts will be required in settlement and the amount of the obligation can be measured reliably. Expenditure Is Classified by activity The costs of each activity are made up of tho total of direct costs and shared costs. including support costs involved in undertaking each activrty. Dire¢t costs attributable lo a single actlV1ty are alloealed diTe¢tty to that activrty. Shared costs which contribute lo more than one activity and support costs which are not attributable lo a single activity are apportioned between those activrties on a basi5 consistent wilh tho use of resources. Central staff costs are allocated on the basls of tlme spent. and d8pre¢iation harges allocated on the portion of the assat's use. Page 10
THE INTERNATIONAL CHURCHILL SOCIETY UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng pollcle• (contlnued) 2.3 Expendlture Icontlnued) Expenditure on charrtable activities Is incurred on diréctly undertaking the aclivities which further the Charity's objectives, as w811 as any associated support costs. All expenditur8 is Inclusive of irrecoverable VAT. 2.4 Intore•t recelvable nlerest on funds helé on deposit is Included when receivable and the amount can be m8asur8d reliably by the Charity. this is normally upon notification of th8 int•re81 paid or payable by the inslilulion with whom the funds 8r8 d8POSlted 2.5 Investment• Flx8d 8$s81 investments ar8 a forrn of financial inslrumenl and are inltially recognised al thelr transaction cost and subsequently measured al lair value at the Balance Sheet dale, unloss th¢ value Cannot be measured reliably In which case Il Is measured al cost less impgirment Investment gains and Iossos, whether realised or unrealised, are combined gnd presented as 'GainsllLoss8si on inveslmènt$' in the Statement of Financial Adivities. Investments held 8s fixed assets 8r8 shown at co811685 provision for impairmont. 2.6 Debtor• Trade and other debtOTS are recognised at the settlemènt amount after any trade discount offered. Prepaym8nls are valued al the Bmount prepaid nel of any Ir8de discounts due. 2.7 Cash at bank and In hand Cash at bank and in hand includes cash and short-tern hiqhly liquid investments with a short malurily of three months or less from the dale of acquisition or op8ning of the deposrt or similar account. 2.8 Llabllltles and provl8lon• Liabilities are recognised when theré Is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required In settlement, and the amount of the settlement can be estlmatèd reliably. 2.9 Flnanclal Instrument• The Charity only has fin8ncial b5se15 and financial Iiabililies of a kind that qualify as basic financial inslrumenls. Basic financial Instruments are Initially recognised at transaction value and subsequenly measured al their settlement value Wrth the &xception of bank loans which are subsequently measured at amortised cost using the effeclive interèst method Page 11
THE INTERNATIONAL CHURCHILL SOCIEfi UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng pollclos {¢ontlnuedl 2.10 Fund accountlnq General funds are unrestricted funds which are available for use al Ihe discretion of the Trustee5 in furtherance of the general objectives of the Charty and which hav8 not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been ralsed by the Charty for particular purposes. The costs of raising and adminl8tering such fijnds are charged 8gainsl tha specific fund. The aim and use of each restrlcted lund is set out in the nol&s lo tho financial $tstements. Investment incom8, gains and losses ar• allocated to the 8ppropriale fund. Income from donatlon• and lo94cle• Re•lrlcted Unrestricted fund• fund• 2024 2024 Total fund• 2024 Total funds 2023 Donatlons 45,035 14,000 59,033 24,428 Total 2023 24.428 24.428 Incom• from olh•r tradlng ictlvltle• Income from fundral•lng ev•nt• Unre•trlet•d fund8 2024 Total fund• 2024 To¢81 funds 2023 Incorne from fundions 213,459 213,459 56, 880 rot812023 56.880 56,880 Page 12
THE INTERNATIONAL CHURCHILL SOCIETY UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Incom• from other tradlng adlvltle• Icontlnuedl Income from non charltable tradlng actlvltl•8 Unre8trlcted fund8 2024 Total fund• 2024 Tol81 funds 2023 Membershlp $ubs¢riptlons 4,987 4,987 5,461 Tol812023 5,461 5.461 Inv•8tm•nt Incom• Unrn8trlct fund• 2024 Total fund• 2024 Tol81 runds 2023 Income from local listed investments Deposit 8ecounl interesl 10,310 10,310 82 10.238 Total 2024 10,372 10.372 10.238 Tol812023 10.238 10.238 Analy818 of expendltu re on ¢h*rltable a¢tlvltle• Summary by fund type R•strIed Unrestrlcted funds funds 2024 2024 Total 2024 Tot81 2023 Charitable activities costs 20,000 282,847 282,847 72,327 Total 2023 72.327 72,327 Page 13
THE INTERNATIONAL CHURCHILL SOCIETY UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Analy81• ol expendlture by &Gtlvitle8 Actlvltles undertaken dlrectly 2024 Support co8ts 2024 Total fund• 2024 Total funds 2023 Charitable 8¢tivrties costs 242,002 40,845 282,847 72,327 rotal 2023 31.377 40. 950 72.327 Analy¥l• of dlr•cl co•t• Tolal fund• 2024 Total funds 2023 Donations Funelion costs Finest hour 20,500 218,857 4,645 20. 832 10.545 242.002 31.377 Page 14
THE INTERNATIONAL CHURCHILL SOCIETY UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 AUGUST 2024 Analy•ls of expendlture by actlvlt108 Icontlnued) Analy81• of 8UPPOrt co8ts TolAI funds 2024 Tol81 funds 2023 Prlnting and stationery Management Charges Consultancy work Accountancy Bank Charges 1ndependent examiner's lee Trustees Indemnity insurance Sundries Exchange Igalnsl and lossés IT costs 3.057 25,531 6,348 3,900 424 31,779 1, 896 330 3, 150 864 2, 734 (10) 1,041 344 200 Total 2024 40,845 40.950 Tru8tee8' remunefatlon and éxpen•e• Dunn9 the year, no Trustee5 roceived any femuneration or other benefits (2023- £NIL). During the y8ar ended 31 August 2024, no Truslee expenses have boen Incurred (2023- £NIL). Page 15
THE INTERNATIONAL CHURCHILL SOCIETY UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Flxed asset Inve3tment8 Lllted Inve•tmento Stamp collectlon Total Co•1 or vlluatlon At 1 September 2023 Adortions Revaluations 432,935 10,310 44,882 587 433,522 10,310 44,682 At 31 August 2024 487,927 587 488,514 Net book valuo At 31 August 2024 487,927 587 488,514 Al 31 August 2023 432, 935 587 433. 522 10. D•btor• 2024 2023 Due wlthln on• yèar Trade debtors Prepayments and accrued Income 18,384 10,920 43,276 27,304 43,276 11. Cr•dltor•: Amounts fAlllng due wlthln on• year 2024 2023 Accru818 and deferred income 3,900 3, 750 3,900 3, 750 Page 16
THE INTERNATIONAL CHURCHILL SOCIETY UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 12. Statement of fund• Statement olfund8 - ¢urr•nt ye*r Balance at 1 September 2023 Balance at Galn81 31 August {Lo8ses) 2024 Income Expendllure Unr¢8trlcted fundo Reserves 311,1S3 242.818 1289,5771 44,881 509,075 Restricted fund• Restricted Funds - all funds 45.035 120,0001 25,035 Total of fund• 511,153 287,853 1309,S771 44,681 534,110 The restricted fund rel8te$ to providing tho 8lenhoirn statue. Statement ol fund• - prlor year Bal4nco 81 I Seplemb@r 2022 Balance al 31 Augusl 2023 Gains/ (Lossas) In¢om8 Exp8ndltur8 Unrejtrlcted fundi Gen8181 Funds 4 75, 223 97.007 f72. 327) 17,250 511.153 13. Summary of fund8 Summary of fund• - current year Balance at 1 September 2023 Balance at Galn81 31 August ILo••e¥l 2024 Income Expendlture General funds Restricted lunds 511.153 242.818 45.035 1289.S771 120,000) 44.681 509.075 25,035 511,153 287,853 {309.577) 44,681 534,110 Page 17
THE INTERNATIONAL CHURCHILL SOCIETY UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 13. Summary of fund8 (contlnutd) Summary ol fund• - prlor year 88lan¢8 81 I S8Pl•mb8r 2022 5818nc8 81 37 August 2023 Galnsl (Losses) Income Expenditure Geneial funds 475. 223 97.007 (72 327) 11,250 511,153 14. Analy•l• ol net a••et• betwoen fvnd• Analy•l• of net a$8et• between fund¥ - current perlod Reotflctad Unre•trlct•d fund• funds 2024 2024 Total funds 2024 Fixed asset Snve8tment8 Current assets 488,514 24,481 13,9001 488,514 49,498 13.9001 25,035 Credltors due wrthin one year Total 25,035 509,075 534.110 An•ly•lA of n¢t a•••t• b•twn fund• - prlor p•rlod Unr6slrict8d fvnds 2023 Total funds 2023 Fixed asset investm•nts Current as5é1s 433.522 81,381 (3. T50) 433.522 81,381 {3. 750) Credltors due wrthin ono year Total 511.153 511,153 15. Related party tran8actlonJ The Charity has not ent8red into any related paty transaction during the year, nor are there any outstanding balances owing beeen relaled parties and the Charity al 31 August 2024 Page 18