INTERNATIONAL FELLOWSHIP OF EVANGELICAL STUDENTS
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year with a net surplus of $464k and total unrestricted funds of $3.2 million. Per the trustees' report, free reserves were $0.6 million for the group, which is below the stated policy target range of $733k to $1,833k based on the 2025 budget.
What the accounts disclose
“One employee had earnings within $75,390 (£60,000) - $87,955 (£70,000) band in the year” — page 39
“One employee had earnings within $75,390 (£60,000) - $87,955 (£70,000) band in the year” — page 39
“We have set a target range for the free reserves to be between 10% and 25% of the annual operational budget. The 2025 budget for IFES would require a free reserves figure between $733k and $1,833k.” — page 21
“During the year to 31 December 2024 IFES (UK) received $5.60 million from IFES/USA (2023: $6.62 million)”
“IFES UK owns the entire share capital of IFES Asia SDN BHD, a company incorporated in Malaysia on 20 January 2016 to help IFES make better use of technology in its ministry and outreach.” — page 41
Year-over-year changes
- Top pay band moved from $76,380 - $89,110 (FY2023) to £60,001 - £70,000 (FY2024).
Leadership, per the charity’s website
- Tim Adams — General Secretary
- Annette Arulrajah — Associate General Secretary
- David Bahena — Associate General Secretary
- George Ogalo — Chief Operating Officer
- Olena Welch — Head of Global Resource Ministries
- Tim Vickers — Director for Graduate Impact
- Nigel Pollock — Project Director, Breaking New Ground
- Kehinde Ojo — Program Director for Indigenous Support Development
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Azar Ajaj
- Christian Rasmussen
- Eden Hale
- Fatouma Gouda Sare Keita
- Gregory Smith
- Iram Anjum
- Janet Epp Buckingham
- Knarik Saribekyan
- Lazaro Busagala
- MICHEL KENMOGNE
- Mae Patterson
- Patricia Patricio Morillo
- Paul Windsor
- Peter Jacobs
- Ravena Pereira
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £7.6m | £7.2m |
| 31/12/2023 | £8.4m | £7.1m |
| 31/12/2022 | £7.6m | £6.6m |
| 31/12/2021 | £4.6m | £5.0m |
| 31/12/2020 | £4.4m | £4.2m |
Common questions
Is INTERNATIONAL FELLOWSHIP OF EVANGELICAL STUDENTS financially healthy?
The accounts state that the charity ended the year with a net surplus of $464k and total unrestricted funds of $3.2 million. Per the trustees' report, free reserves were $0.6 million for the group, which is below the stated policy target range of $733k to $1,833k based on the 2025 budget. Its FY2024 accounts were audited by Gravita Audit Oxford LLP.
What does the highest-paid employee of INTERNATIONAL FELLOWSHIP OF EVANGELICAL STUDENTS earn?
Per its FY2024 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.
Who funds INTERNATIONAL FELLOWSHIP OF EVANGELICAL STUDENTS?
Funders whose own accounts filings name INTERNATIONAL FELLOWSHIP OF EVANGELICAL STUDENTS as a grant recipient include STEWARDS COMPANY LTD, CHRIST CHURCH LIVERPOOL, THE ASHBURNHAM THANKSGIVING TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| STEWARDS COMPANY LTD | FY2024 | £276k |
| STEWARDS COMPANY LTD | FY2025 | £127k |
| STEWARDS COMPANY LTD | FY2023 | £107k |
| STEWARDS COMPANY LTD | FY2022 | £54k |
| CHRIST CHURCH LIVERPOOL | FY2024 | £2k |
| CHRIST CHURCH LIVERPOOL | FY2025 | £2k |
| CHRIST CHURCH LIVERPOOL | FY2023 | £2k |
| CHRIST CHURCH LIVERPOOL | FY2022 | £2k |
| THE ASHBURNHAM THANKSGIVING TRUST | FY2023 | £1k |
| THE ASHBURNHAM THANKSGIVING TRUST | FY2024 | £750 |
| THE ASHBURNHAM THANKSGIVING TRUST | FY2025 | £600 |