| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Financial Statements |
| for the Year Ended 31 December 2024 |
| for |
| Action Partners Corporation |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Financial Statements |
| for the Year Ended 31 December 2024 |
| for |
| Action Partners Corporation |
| Action Partners Corporation |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2024 |
| Page |
| Report of the Trustees | 1 | to | 3 |
| Report of the Independent Auditors | 4 | to | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 | to | 10 |
| Action Partners Corporation (Registered number: 00094558) |
| Report of the Trustees |
| for the Year Ended 31 December 2024 |
| The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). |
| OBJECTIVES AND ACTIVITIES |
| Objectives and aims |
| a) To advance the Christian religion throughout the world; |
| b) For educational and training purposes and otherwise as may further object a) and in particular but without prejudice to the generality of the foregoing to operate a conference centre for Christian mission and training: and |
| c) In furtherance of object a) to promote awareness amongst those who profess to be committed Christians of the spiritual and other needs of persons living in greater Sudan, elsewhere in Africa and throughout the world. |
| Why did we exist |
| The Trustees continue to manage any remaining financial or other matters affecting Action Partners Corporation (APC) following the sale of Bawtry Hall. The Trustees continue to endorse the primary work of the parent Mission, Pioneers UK, which still occupies its offices at Bawtry Hall. The Trustees are satisfied that the primary work of world wide mission and evangelism which Bawtry Hall used to assist with continues regardless and is unaffected by the sale of Bawtry Hall. |
| For further information concerning the parent Mission agency Pioneers UK Ministries (formerly SUM/Action Partners) please visit http://www.pioneers-uk.org. |
| When reviewing the aims and objectives of the charity, and in planning future activities, the trustees have complied with the Charities Act to have due regard to public benefit guidance published by the Commission. |
| Public benefit |
| Mobilising teams to glorify God among unreached people groups by initiating church planting movements in partnership with local churches. Workers contribute to a range of educational, health and development projects partnering with local churches and organisations. |
| Legacies |
| By virtue of a partnership agreement in force between Action Partners Corporation and Pioneers UK Ministries, all undesignated legacies for Sudan United Mission / Action Partners are deemed in the first instance to be income for the parent Mission agency, now Pioneers UK Ministries (working name Action Partners). In the event of any lack of clarity surrounding such issues, sub committees formed from both the APC and Pioneers UK Ministries Boards review and report to the respective Boards and allocation is made in the light of information gained. Now that Bawtry Hall has been sold, legacies left to APC and/or for the purposes of Bawtry Hall will be designated for the purposes of global Mission through the parent charity Pioneers UK Ministries |
| ACHIEVEMENTS AND PERFORMANCE |
| The charitable company is now effectively dormant and exists to preserve the name to ensure any legacies for Action Partners Corporation will be received. These legacies continue to be used in accordance with the charities objectives via the Pioneers UK Ministries Ltd. |
| FINANCIAL REVIEW |
| Financial position |
| As at 31 December 2024, Action Partners Corporation had closing reserves of £1. The company is now dormant, all remaining assets were donated to Pioneers UK Ministries during 2018. |
| Reserves policy |
| The trustees of APC decided to transfer the reserves of APC to Pioneers UK Ministries during 2018 and allow these to be used in line with the charity objectives. It will be the policy going forward that any gifts or legacies received will be transferred to Pioneers UK Ministries. APC will retain sufficient reserves to cover any admin expenses and other fixed costs. |
| Going concern |
| Following the sale of Bawtry Hall, the conferencing business activities of APC are discontinued. Sufficient funds are retained within APC to meet residual liabilities as they arise. |
| FUTURE PLANS |
| The company will be dormant going forward. |
| Action Partners Corporation (Registered number: 00094558) |
| Report of the Trustees |
| for the Year Ended 31 December 2024 |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
| Organisational structure |
| The following narrative explains the structure and governance arrangements in place for the year ended 31 December 2024. The parent entity, Pioneers UK, continues to occupy offices at Bawtry Hall. Bawtry Hall was sold to a private purchaser on 25 March 2014 as part of a strategy of ceasing to provide conference and training facilities with effect from the end of 2013. |
| APC is a company limited by guarantee to the value of £1 per member and governed by its Memorandum and Articles of Association. |
| APC has a parent organisation, Pioneers UK Ministries (formerly Sudan United Mission ("SUM") / Action Partners), which maintains the governance oversight for Action Partners Corporation through sole membership of APC. |
| Pioneers UK Ministries operates and owns the trademark and working name of 'Action Partners'. |
| Residual strategic and financial matters are dealt with at Board meetings. |
| The Trustees continue to monitor residual risks in respect of APC, now that Bawtry Hall has been sold. Trustees give their time voluntarily. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| Company Secretary |
| Auditors |
| Statutory Auditors |
| Chartered Accountants & Business Advisers |
| Chancery Court |
| 34 West Street |
| Retford |
| Nottinghamshire |
| DN22 6ES |
| Bankers |
| NatWest Bank plc |
| 3-25 Market Place |
| Bawtry |
| Doncaster |
| DN10 6JL |
| STATEMENT OF TRUSTEES' RESPONSIBILITIES |
| The trustees (who are also the directors of Action Partners Corporation for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
| Action Partners Corporation (Registered number: 00094558) |
| Report of the Trustees |
| for the Year Ended 31 December 2024 |
| STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued |
| Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to |
| - | select suitable accounting policies and then apply them consistently; |
| - | observe the methods and principles in the Charity SORP; |
| - | make judgements and estimates that are reasonable and prudent; |
| - | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. |
| The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
| In so far as the trustees are aware: |
| - | there is no relevant audit information of which the charitable company's auditors are unaware; and |
| - | the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. |
| AUDITORS |
| The auditors, Wright Vigar Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
| Approved by order of the board of trustees on |
| Report of the Independent Auditors to the Members of |
| Action Partners Corporation |
| Opinion |
| We have audited the financial statements of Action Partners Corporation (the 'charitable company') for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
| In our opinion the financial statements: |
| - | give a true and fair view of the state of the charitable company's affairs as at 31 December 2024 and of its incoming resources and application of resources, including its result, for the year then ended; |
| - | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
| - | have been prepared in accordance with the requirements of the Companies Act 2006. |
| Basis for opinion |
| We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements 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 concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. |
| Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. |
| Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. |
| Other information |
| The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. |
| Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. |
| In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives 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 matters prescribed by the Companies Act 2006 |
| In our opinion, based on the work undertaken in the course of the audit: |
| - | the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
| - | the Report of the Trustees has been prepared in accordance with applicable legal requirements. |
| Matters on which we are required to report by exception |
| In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. |
| We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: |
| - | adequate accounting records have not been kept or returns adequate for our audit have not been received 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 take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. |
| Report of the Independent Auditors to the Members of |
| Action Partners Corporation |
| Responsibilities of trustees |
| As explained more fully in the Statement of Trustees' Responsibilities, 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 true and fair view, and for such internal control as the trustees determine is 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 charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. |
| Our responsibilities for the audit of the financial statements |
| Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, 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 error 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 these financial statements. |
| The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
| Our work is performed to include an assessment of the susceptibility of the entity's financial statements to material misstatement, including the risk of fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK). |
| In identifying and assessing risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following: |
| - | We plan our work to gain an understanding of the significant laws and regulations that are of significance to the entity and the sector in which they operate. We perform our work to ensure that the entity is complying with its legal and regulatory framework. |
| - | We obtained an understanding of how the company is complying with those legal and regulatory frameworks by making inquiries to the management and people charged with governance. |
| We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included: |
| - | Substantive procedures performed in accordance with the ISAs (UK). |
| - | Challenging assumptions and judgments made by management in its significant accounting estimates. |
| - | Identifying and testing journal entries, in particular material journal entries and an assessment of year end journals. |
| - | Assessing the extent of compliance with the relevant laws and regulations. |
| A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. |
| Use of our report |
| This report is made solely to the charitable company's members, as a body, 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 charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
| for and on behalf of |
| Statutory Auditors |
| Chartered Accountants & Business Advisers |
| 34 West Street |
| Retford |
| Nottinghamshire |
| DN22 6ES |
| Action Partners Corporation |
| Statement of Financial Activities |
| for the Year Ended 31 December 2024 |
| 2024 | 2023 |
| Unrestricted | Restricted | Total | Total |
| fund | funds | funds | funds |
| Notes | £ | £ | £ | £ |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 1 |
| Action Partners Corporation (Registered number: 00094558) |
| Balance Sheet |
| 31 December 2024 |
| 2024 | 2023 |
| Unrestricted | Restricted | Total | Total |
| fund | funds | funds | funds |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 5 |
| Unrestricted funds | 1 |
| TOTAL FUNDS | 1 |
| These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
| The financial statements were approved by the Board of Trustees and authorised for issue on |
| Action Partners Corporation |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2024 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. |
| Preparation of consolidated financial statements |
| The financial statements contain information about Action Partners Corporation as an individual charity and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 401 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Pioneers Ministries UK Limited, whose registered office is: Bawtry Hall, South Parade, Bawtry, Doncaster, South Yorkshire, DN10 6JH.. |
| Related party exemption |
| The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Taxation |
| The charity is exempt from corporation tax on its charitable activities. |
| Fund accounting |
| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
| Designated funds are unrestricted funds earmarked by the trustees for particular purposes. |
| Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
| Going concern |
| The financial statements have been prepared on a going concern basis. The Trustees took the decision to cease operating the conferencing facilities undertaken by Action Partners Corporation at the end of 2013 and disposed of its freehold property and other assets in March 2014. Sufficient funds are retained within Action Partners Corporation to meet known liabilities as they fall due. |
| 2. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. |
| Action Partners Corporation |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted | Restricted | Total |
| fund | funds | funds |
| £ | £ | £ |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | 1 | - |
| TOTAL FUNDS CARRIED FORWARD | 1 | - | 1 |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| MARKET VALUE |
| At 1 January 2024 and 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 | 1 |
| At 31 December 2023 | 1 |
| There were no investment assets outside the UK. |
| The company's investments at the balance sheet date in the share capital of companies include the following: |
| Registered office: |
| Nature of business: Dormant |
| % |
| Class of share: | holding |
| 5. | MOVEMENT IN FUNDS |
| Net |
| movement | At |
| At 1.1.24 | in funds | 31.12.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 1 | - | 1 |
| TOTAL FUNDS | - | 1 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| TOTAL FUNDS | - |
| Action Partners Corporation |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 6. | RELATED PARTY DISCLOSURES |
| 7. | ULTIMATE CONTROLLING PARTY |
| The ultimate parent company is Pioneers UK Ministries (formerly Action Partners Ministries). |
| Pioneers UK Ministries prepares group financial statements and copies can be obtained from: |
| Bawtry Hall |
| South Parade |
| Bawtry |
| South Yorkshire |
| DN10 6JH |