INTER-VARSITY PRESS
Financial health, per its FY2024 accounts
The accounts state that the charity reported a deficit of £117,000 for the year ended 30 April 2024, resulting in accumulated unrestricted funds of £2,050,000. The trustees note that the parent charity, SPCK, has an ongoing commitment to support the charity and underwrite the current deficit in reserves. Per the trustees' report, management and trustees will continue to monitor performance against agreed budgets which see IVP making a profitable contribution in 2024-25.
What the accounts disclose
“With the transfer of the company to SPCK, there is an on-going commitment from SPCK to support these aims and underwrite the current deficit in the reserves of IVP of £2,050,000 (2023: £1,933,000).”
Structured financials (annual return, FY ending 30/04/2025)
Trustees
- Rev Michael Beasley
- Stephen John East
- Sue Halliday
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/04/2025 | £1.4m | £1.5m |
| 30/04/2024 | £1.2m | £1.3m |
| 30/04/2023 | £1.1m | £1.5m |
| 30/04/2022 | £1.2m | £1.7m |
| 30/04/2021 | £1.5m | £1.8m |
Common questions
Is INTER-VARSITY PRESS financially healthy?
The accounts state that the charity reported a deficit of £117,000 for the year ended 30 April 2024, resulting in accumulated unrestricted funds of £2,050,000. The trustees note that the parent charity, SPCK, has an ongoing commitment to support the charity and underwrite the current deficit in reserves. Per the trustees' report, management and trustees will continue to monitor performance against agreed budgets which see IVP making a profitable contribution in 2024-25. Its FY2024 accounts were audited by Jacob Cavenagh & Skeet.