OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

31 MARCH 2021

SAMARITAN’S PURSE INTERNATIONAL LTD 2021 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 1 COMPANY REGISTRATION NUMBER 02462257

CONTENTS

1. CHARITABLE COMPANY INFORMATION 4.
2. TRUSTEES’ REPORT 5.
3. INDEPENDENT AUDITOR’S REPORT 24.
4. FINANCIAL STATEMENTS AND NOTES FOR THE YEAR ENDED 31 MARCH 2021 28.

2021 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 3

CHARITABLE COMPANY INFORMATION

TRUSTEES

Mr J. Barrett (Chair) Mr R. Chilvers Mr J. Gallagher Rev. W.F. Graham III (President) Mr A. Lawrence Mr P. Saber Mrs C. Graham-Lynch Rev. W.F. Graham IV

EXECUTIVE DIRECTOR

Mr. D. Tosh

COMPANY SECRETARY Mr. S. Herbert COMPANY REGISTRATION NUMBER 02462257

CHARITY REGISTRATION NUMBERS 1001349 and SC039251

PRINCIPAL ADDRESS

AUDITORS

& REGISTERED OFFICE

Victoria House, Victoria Road, Mazars LLP Buckhurst Hill, 2nd Floor, 6 Sutton Plaza, Essex, IG9 5EX Sutton Court Road, SM1 4FS, Surrey

BANKERS

SOLICITORS

Barclays Bank PLC Bates Wells 1 Churchill Place, Level 27, 10 Queen Street Place, London, E14 5HP London, EC4R 1BE

In this report, Samaritan’s Purse International Ltd, the Charity, is referred to as SPI. The global network of Samaritan’s Purse including all affiliate offices and field offices is referred to as Samaritan’s Purse. The international head office, based in Boone, North Carolina, is referred to as IHQ. Where relevant, a specific office of the global network is referenced using that office’s location.

4 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

TRUSTEES’ REPORT

TRUSTEES’ REPORT

The trustees, who act as directors for the purposes of company law, present their report and financial statements for the year ended 31 March 2021, which have been prepared in accordance with the Financial Reporting Standard FRS102 and the associated Charity Statement of Recommended Practice 2015.

Strategic Report

Purpose, Activities, Achievements and Performance Objects and Principal Activities

In accordance with the Memorandum and Articles of Association, the objects are the advancement of the Christian faith through educational projects and the relief of poverty.

Samaritan’s Purse’s mission statement sets out who we are and what we are trying to achieve in the long term and globally, and is shared by all of the Samaritan’s Purse offices across the world.

Samaritan’s Purse is a non-profit, Christian organisation providing church support and emergency relief and development assistance to suffering people around the world, meeting the physical needs of victims of war, famine, natural disaster and disease with the aim of demonstrating God’s love and sharing the Good News of Jesus Christ. The aid and assistance are given without regard to the race, creed, gender, religion or ethnicity of the beneficiaries.

Samaritan’s Purse International Ltd (SPI) is a legal entity in the UK, and is part of a global network of international offices based in USA, UK, Canada, Australia, and Germany, as well as field offices in over 15 countries. In fulfilling this mission statement and contributing to its fulfilment globally, Samaritan’s Purse International Ltd focuses its resources in such ways that contribute and are integral to the global efforts of the wider Samaritan’s Purse family.

2021 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 5

TRUSTEES’ REPORT

EMERGENCY RELIEF — INTERNATIONAL DISASTER RESPONSE (IDR) PROGRAMMES

Samaritan’s Purse stands ready to respond at a moment’s notice whenever and wherever disaster strikes. We specialise in meeting critical needs for victims of conflict, disaster, famine and epidemics throughout the world, providing food, water, shelter, medicine and other assistance in the Name of Jesus Christ. Ministering to victims of natural disaster and conflict, we are proclaiming and demonstrating God’s love to those in crisis.

INTERNATIONAL PROGRAMMES

SPI’s global programmes aim to meet the critical needs of victims of war, poverty, famine, disease, and natural disaster while sharing the Good News of Jesus Christ. These programmes comprise emergency relief efforts, community development projects, short-term medical missions, and the deployment of disaster response specialists on short-term assignments to offer direct assistance. These projects are delivered by SPI staff and work through Samaritan’s Purse field teams in project countries, and local partner organisations.

The global COVID-19 pandemic had an impact on all programming over the past year; in some cases, the pandemic caused the modification, postponement, or cancellation of certain activities; in others, the pandemic heightened the need and exacerbated the plight of already struggling communities. In all cases, programming employed preventive and mitigating measures to minimise virus transmission. In response to needs within the UK, SPI delivered two major domestic relief efforts.

Over the course of the past year, SPI supported 25 projects and three major disaster response efforts in 18 countries: Armenia, Bahamas, Bolivia, Democratic Republic of the Congo (DRC), Ethiopia, Kyrgyzstan, Lebanon, Liberia, Myanmar, Niger, Philippines, South Sudan, Sudan, Uganda, the United Kingdom, Venezuela, Vietnam, and Zambia. All assistance, whether developmental or humanitarian, is provided without prejudice and irrespective of background; including religion, political affiliation, gender, sexual orientation, age, or ethnicity. These projects had an impact on the lives of an estimated 1,082,551 individuals. Whether through the provision of access to clean water for the first time to life-saving infant care, and from feeding refugees to imparting skills for brighter futures, Samaritan’s Purse is demonstrating God’s love to the lost, the hurting and the broken, giving them a tangible hope for the future and a foundation upon which they can build for tomorrow.

6 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

TRUSTEES’ REPORT

SPI SUPPORTED PROJECTS BRINGING URGENT RELIEF INCLUDING FOOD AND MEDICAL CARE TO PEOPLE DISPLACED BY CONFLICT IN ARMENIA AND AZERBAIJAN

EMERGENCY RELIEF FOR SUDDEN ONSET CRISES

SPI responded to emergencies around the world by funding relief efforts and deploying members of the Disaster Assistance Response Team (DART) to serve directly in the field. Members of the disaster response roster completed 13 assignments in seven countries, including fragile contexts in the Middle East. This assistance was delivered to save lives and was in the form of water, sanitation, hygiene, medical interventions and field hospitals, food assistance, clothing, non-food items, shelter and household items, early recovery, and spiritual aid.

2021 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 7

TRUSTEES’ REPORT

EARLY IN THE COVID-19 PANDEMIC, SPI PROVIDED PPE AND CASH GRANTS TO UK CHURCHES AND CHARITIES TO ENABLE THEM TO CONTINUE SERVING THE VULNERABLE IN THEIR COMMUNITIES

CORONAVIRUS RESPONSE

At the start of the year, SPI launched This is Love , an effort through which small grants and hundreds of thousands of pieces of personal protective equipment (PPE) were provided to 496 projects run by UK churches and charities. This benefitted an estimated 467,796 individual beneficiaries. Among partner organisations was the Church Revitalisation Trust; a charity set up by Holy Trinity Brompton, and through which support was provided for food banks in Brighton, Bristol, Derby, Exeter, Hastings, and London. The second UK initiative was Learning in Lockdown . This launched during the lockdown which commenced with short notice in January 2021. The aim of Learning in Lockdown was to provide electronic learning devices to 530 pupils from vulnerable families. This project engaged an existing network of churches and schools in and around Liverpool, London, the Midlands, Northern Ireland, Scotland, and Wales.

The response of SPI to COVID-19 overseas included supporting the deployment of an Emergency Field Hospital to Milan, Italy, and projects in Kyrgyzstan, Sudan, and the Bahamas. In Kyrgyzstan, a network of churches (formed through the 2013-2019 Raising Families programme) was provided with COVID prevention training and with resources to reach the basic food, hygiene, and medicine needs of 150 vulnerable families in their communities. In Sudan, support was offered to train 698 frontline doctors, nurses, and health workers on how to minimise the spread of and treat COVID, thereby strengthening local capacity. In the Bahamas, SPI joined in efforts to support the main referral hospital, which had become overwhelmed by COVID cases and infected staff; the response provided for the treatment of 40 patients and the training of 815 frontline health workers.

8 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

TRUSTEES’ REPORT

A YOUNG VENEZEULAN MOTHER (L) RESTS AT A SAMARITAN’S PURSE SHELTER IN COLOMBIA. OUR TEAM PROVIDE FOOD AND OTHER NECESSITIES TO MIGRANT WALKERS (R)

OTHER EMERGENCIES

Along with COVID-19 relief efforts, SPI provided relief in other emergencies over the past year. Following the August 2020 explosion in Lebanon’s Beirut port, SPI supported immediate relief efforts reaching 5,000 households, and funded the work of a local partner organisation to repair 250 homes and 25 small businesses near the blast site, as well as to provide cash assistance to 275 affected households. In the Philippines, which was affected in October and November by five storms in quick succession, SPI funded the work of a local partner to provide basic family kits to over 3,600 individuals. In Armenia, the resumption of armed conflict in the Nagorno-Karabakh region led to the displacement of half the population, prompting a multi-sectoral response by Samaritan’s Purse to which SPI contributed. SPI also continued to support the recovery of the Bahamas from Hurricane Dorian in 2019, through the repair of church buildings and homes.

EMERGENCY RELIEF FOR PROTRACTED CRISES

SPI responded to protracted crises in South America and the DRC, where there continue to be large numbers of displaced people caught in complex ongoing emergency situations. Around Venezuela, which continues to suffer the worst political and economic crisis in its history, SPI supported the provision of food, basic supplies, and literature to over 500,000 individuals, as well as the strengthening of local church capacity to reach their neighbours. In the Democratic Republic of the Congo (DRC), funds supported nutrition and maternal health services for over 14,000 individuals. This was accomplished through the provision of medicines, nutritional supplements, education, training for over 100 frontline health workers, and the resourcing of 15 medical facilities.

2021 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 9

TRUSTEES’ REPORT

IN DRC, LOCAL CHURCHES ARE RESOURCED TO CARE FOR CHILDREN TRAUMATISED AND DISPLACED BY CONFLICT

COMMUNITY DEVELOPMENT THROUGH CHURCH-BASED PROGRAMMING

The Raising Families programme in Zambia, which began in 2017, expanded during the past year. This now engages 120 churches and reaches 12,000 vulnerable individuals. The programme’s aim continues to be to build the capacity of participating churches to holistically, directly, and measurably raise the quality of life of vulnerable adults and children in their local communities. The programme is establishing church cooperatives and a federation to support and sustain the church network beyond the end of the project.

In DRC, SPI supported four distinct church and community mobilisation programmes, all of which sought to resource local churches to reach traumatised and marginalised individuals in a context that has experienced decades of civil war, leaving five million dead and forcing millions of others to flee their homes. Through a programme called Hope and Light, church and community leaders were trained to offer support to victims of sexual violence; while another called Safe Haven enabled local churches to address the needs of 3,000 internally displaced women and girls, 2,000 vulnerable individuals, and 590 mothers. The Zande Initiative utilises the Community Health Evangelism approach to reach the Zande tribe; subsistence farmers who have experienced extreme poverty, widespread disease, limited access to healthcare, and violent attacks. This ministry programme offered leadership and evangelism training to 2,761 church leaders and members who were able to reach 6,554 of their neighbours with the Gospel and ongoing pastoral activities.

10 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

TRUSTEES’ REPORT

COMMUNITY DEVELOPMENT THROUGH COMMUNITY-BASED PROGRAMMING

Over the past year, SPI fully or partially funded six projects that, through direct engagement, sought to meet the needs of vulnerable communities in Africa and Asia.

In Uganda, a water, sanitation, and hygiene (WASH) project that had been implemented through a partner organisation starting in 2017 came to an end in 2020. By the end of this project, 19,293 slum dwellers benefitted from the provision of bio-sand water filters, wells, and education. A multi-year WASH project in Ethiopia has benefitted over 50,000 individuals through the provision of water points managed by local community members and monitored by trained local water technicians. Through this, latrines were constructed in communities, schools, and households, and education on WASH topics was provided to all beneficiaries. With funding from the States of Guernsey Overseas Aid and Development Commission, SPI inaugurated a WASH project in Niger, reaching cholera-prone villages with the provision of water points, institutional latrines, and education on WASH topics; these activities are expected to benefit 10,700 vulnerable individuals in four villages. In Liberia, SPI supported a project focused on the needs of youth and children, some of whom lost their parents to Ebola and are now experiencing anxieties related to another infectious disease (COVID-19) outbreak. Activities provided include sports ministry sessions in which 1,284 vulnerable youth were offered educational games that encourage learning about the Gospel, COVID-19 preventative practices, health and hygiene, leadership, and life skills.

SPI supported anti-trafficking efforts in Myanmar, where statelessness, discrimination, armed conflicts, and other factors have produced an environment in which individuals are vulnerable to human trafficking. Through targeted activities, the funded project promulgated various trafficking prevention strategies, such as education on safe migration, radio programming, local referral networks, and livelihood activities. In Vietnam, a partnership with three schools and a social work centre allowed for SPI to support students who are visually impaired or from disadvantaged ethnic minority groups; this was materialised through the provision of job skills training, scholarships, and stipends to 565 individuals.

SHORT-TERM MEDICAL MISSIONS

SPI supported four medical mission programmes over the past year. Three children from Bolivia received heart surgeries while over 200 others received pre- and post-operative support together with biblical materials and discipleship. SPI has provided support for children from Uganda to also receive surgeries for congenital heart issues. In South Sudan, SPI supported a mission with the objective of performing eye cataract surgeries on 250 patients who would otherwise not have access to this treatment. Funding was also provided for a cleft lip palate mission in Myanmar, during which 52 individuals had their lip and palates repaired.

2021 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 11

TRUSTEES’ REPORT

MISSION ACTIVITIES OPERATION CHRISTMAS CHILD

CHILDREN IN LIBERIA RECEIVED OPERATION CHRISTMAS CHILD SHOEBOXES PACKED IN THE UK IN 2020

Operation Christmas Child (OCC) remains our largest programme. In 2020/2021 shoebox gift donations were impacted significantly due to the COVID-19 related government restrictions which shuttered shops, churches and left people shielding at home. The collection totalled 265,975 gifts; a drop of more than 30%. However, this included a record 49,846 gift boxes produced from donations through the Shoebox Online (SBO) programme (vs 10,765 in 2019/2020, up 463%) as many supporters donated online instead of packing physical shoeboxes due to the restrictions of the COVID-19 pandemic. Fewer lorries were sent, and so export transportation costs were reduced, as well as costs in procuring gifts for SBO. With these savings offsetting a reduction in income, OCC still achieved its overall budget.

This was a successful financial outcome in the context of three national lockdowns for the periods 23 March – 1 June 2020, 31 October – 2 December 2020 and 4 January – 12 April 2021. With the suspension of in-person church services and other group and workplace gatherings, and schools generally only delivering core activities, the ability to promote OCC was limited to online promotion and mainly to individuals. OCC staff focused on resourcing those churches, groups and individuals who had previously participated to do so again. New churches were generally unwilling to consider a new project during a pandemic year, apart from those where support had been built through them receiving an SPI This is Love community care grant or PPE.

Data from a random sample of 200 participating churches, schools and groups also showed an average decrease of 24% in shoeboxes donated in 2020 compared to 2019. However consistent feedback from this sample was that they were determined in 2021 to return to or exceed the numbers given in 2019.

CONTINUED >

12 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

TRUSTEES’ REPORT

MISSION ACTIVITIES — CONTINUED

Shoeboxes or financial donations were made by 1,288 churches of all major denominations, 286 schools from infants to university and 607 other community groups; and received by 788 ‘Drop-Off Locations’ across two separate National Collection Weeks: in November for Northern Ireland, Scotland and Wales and deferred to December for England because of a lockdown. Collections were arranged by 323 volunteers who transported shoeboxes to the three Covid-secure major processing centres (compared to 35 centres in 2019), where 1,136 volunteers checked and exported them, or made up the SBO boxes in an extended processing season that was completed in mid-February 2021.

Given the multiple challenges and additional effort required to donate, collect or process shoeboxes in the year of COVID-19, strong evidence was seen that the majority of participants were committed to or at least supportive of the Christian mission purposes of OCC. This further accelerated the impact of our strategic refocus on engaging aligned churches and supporters, and on offering a high-quality donor experience in our processing centres. This continues to lay effective foundations for recovery and new growth from 2021.

The mission of Operation Christmas Child is to provide God’s love in a tangible way to children in need around the world, and together with the local church worldwide, to share the Good News of Jesus Christ. Shoeboxes collected in the UK in 2020/21 have been exported and reached children in nine countries — Central Asia, Belarus, Moldova, Serbia, Albania, Georgia, Bosnia, Liberia, and Nigeria.

Shoeboxes are distributed through a network of trained ministry partners who work with local churches to identify children in need, and organise distribution events. In 2020 and 2021, ministry partners adapted activities to distribute boxes taking into account COVID-19 restrictions and prioritising the health and safety of the children, their families and communities.

FINANCE REVIEW

We remain very grateful to our faithful supporter base, including those who support by way of volunteering, that has continued to pray and donate of their time and money during a challenging economic and regulatory environment. Without this ongoing support we would not be able to continue our work around the world and see the positive impact that is being made.

Income decreased by 17% to £8.37m (2020: £10.1). This was mainly due to the reduction in the number of donated gift-filled shoeboxes, lowering gift in kind income to £3.79m (2020: £6.50m). However, this was partially offset by an increase in underlying cash donations and legacies to £3.86m (2020: £3.21m).

As a consequence of the above, expenses fell by 24.1% to £7.95m (2020: £10.48m) as a result of a lower valuation of OCC shoeboxes distributed. Spending on charitable activities was £7.19m (2020: £9.72m) being 90.6% of total spend.

At the end of the year, total funds stood at £3,075k (2020: £2,650k), of which £656k (2020: £408k) was unrestricted and undesignated. Full details of the financial activities are given in the attached financial statements.

2021 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 13

TRUSTEES’ REPORT

RESERVES

The trustees have set a minimum free general reserves limit of between 60 and 90 days’ current year cash expenses, excluding grant funding where contracts have been signed and associated income assured. The required range, using the approved budget for the year to March 2022 is £634k to £951k. The year-end balance was £656k which is within the required range.

At the end of the year, the designated reserves were £1,689k (2020: £1,755k). This balance represents the net book value of fixed assets held by the Charity. These assets will continue to be held by the Charity for charitable purposes for the foreseeable future.

Restricted reserves were £729k (2020: £486k) which represent the unspent balances of donations and grants given for specific purposes. These balances will be drawn down in the coming year in a manner that both meets programmatic requirements in the various field offices we support and that is in accordance with the donor’s wishes.

INVESTMENTS

Any short-term surplus cash is invested in interest bearing accounts. This is reviewed by the trustees.

USE OF VOLUNTEERS

SPI was supported by a significant team of volunteers, who we view as essential partners working across all areas of its charitable activities during the year, performing a number of valuable administrative and support roles. In particular, many of these roles are in support of the OCC programme. In accordance with the SORP, no monetary value has been attributed to their work. The tasks undertaken would, if it not performed by volunteers, require the employment of paid personnel. We are incredibly grateful for the support of volunteers who help enable monetary donations to go further and who, by their presence and service, enhance both the reach and the impact of the ministry.

CONTINUED >

----- Start of picture text -----
OPERATION CHRISTMAS CHILD VOLUNTEERS PROCESSED
SHOEBOXES IN THREE COVID-SECURE PROCESSING CENTRES.
----- End of picture text -----

14 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

TRUSTEES’ REPORT

USE OF VOLUNTEERS — CONTINUED

In addition to the dedicated team of 88 year-round volunteers (as at 31 March 2021), 2,438 people volunteered during the peak time of OCC (based on: 1,136 adult volunteers in processing centres, 191 processing centre volunteers who were under the age of 16, 55 collections coordinators, 268 drivers, and 788 Drop-off Location leaders).

We also have a team of volunteers that support basic administration, communications and fundraising activities in the main office. The time given by these volunteers is extremely valuable in helping us achieve our objectives and in reducing costs in these areas.

FUTURE STRATEGY AND VISION

SPI remains committed to sharing the Good News of Jesus Christ through our relief and development work. The organisation continues to grow as an international leader in the provision of aid to those affected by war, disease, famine and poverty as exemplified by emergency deployments to Milan, Italy with a complete field hospital which served hundreds of patients at the start of the COVID-19 pandemic. In 2021 Samaritan’s Purse will continue to champion the local church and its passionate declaration of the Gospel through increased partnership and support.

It’s our vision to see transformation:

With boldness

CONTINUED >

2021 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 15

TRUSTEES’ REPORT

FUTURE STRATEGY AND VISION— CONTINUED

With compassion

MANAGEMENT, STRUCTURE AND GOVERNANCE

The Charity is ultimately managed by The Board of Trustees. The trustees, who act as directors of the company, are appointed by the members, being the trustees themselves, in accordance with the Articles of Association.

Trustees meet at least three times per year as a full board to manage the Charity. In addition, the trustees have in place up to two sub-committees. These are:

The Charity endeavours to ensure that all trustees receive the induction, training and ongoing support they need to carry out their duties effectively. All new trustees go through an induction programme to familiarise them with the organisation, their duties and legal responsibilities. It is now also the case that that all Board members are to receive basic Safeguarding training in order for them to be better informed with regard to matters in this area. The Charity has in place a management liability policy which includes indemnity for allegations of wrongful acts brought against the trustees.

16 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

TRUSTEES’ REPORT

STRUCTURE

The trustees have delegated day-to-day management of the Charity to the Senior Management Team which consists of Mr D Tosh as Executive Director, Mr S Herbert as Finance Director, Mr N Cole as Director of Operation Christmas Child UK and Mr P Stockwell as Head of Communications and Donor Services.

The Charity owns the share capital of a trading company, Operation Christmas Child Ltd (OCC Ltd), whose directors are chosen by the trustees of the Charity.

KEY MANAGEMENT PERSONNEL

All salaries are benchmarked using a variety of sources, including current/recent competitive advertised salaries, salary surveys from leading agencies and remuneration data from professional bodies. Salaries are also benched according to geographic location. It is acknowledged that senior management are remunerated towards the lower end of the prevailing market scale.

RELATIONSHIPS WITH OTHER ORGANISATIONS AND CONNECTED CHARITIES

The Charity has ongoing working relationships with Samaritan’s Purse USA (SP-USA) through a signed legal affiliation agreement, and they share resources where necessary. The Charity also works in cooperation with other Samaritan’s Purse offices worldwide. The Charity shares infrastructure and staff and collaborates on projects with Billy Graham Evangelistic Association UK, whose registered office is Victoria House, Victoria Road, Buckhurst Hill, Essex, IG9 5EX.

Common directors/trustees: Mr J. Barrett, Mr R. Chilvers, Mr J. Gallagher, Rev. W.F. Graham III, Mr A. Lawrence, Mr P. Saber, Mrs C. Graham-Lynch and Rev W.F. Graham IV.

Billy Graham Evangelistic Association Ltd shares some resources and manpower and has some common trustees as listed.

2021 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 17

TRUSTEES’ REPORT

THE GOVERNANCE CODE

The trustees and management of SPI take the obligations and principles set out in the Governance Code seriously. The Code is built upon a foundation that all trustees understand their legal obligations, and then develops seven guiding principles to ensure that the Charity is well-managed and effective. The principles are leadership; integrity; decision making; risk and control; board effectiveness; diversity; openness and accountability.

SPI are confident that all the trustees have a full understanding of their legal obligations. All of the trustees have seen the code in full and are aware of the content and suggested good practice. The Governance Committee have reviewed the code against a matrix developed by management. The code itself acknowledges that good governance is an ongoing process and as such SPI is currently satisfied that there is broad compliance with the code but that it will be held under constant review via the Governance Committee and senior management. With this caveat, the trustees are not aware of any material shortcomings against the Code.

RISK MANAGEMENT

In common with similar charities, SPl is exposed to risks that could jeopardise the charitable work that it undertakes. The Charity seeks to minimise these risks by pursuing policies designed to:

During 2020/21, the trustees met regularly through the 12-month period to control and monitor the Charity’s activities. A considerable amount of effort has been spent in ensuring that the risks around the implementation of the General Data Protection Regulation (GDPR) and the safeguarding of children, vulnerable adults and other groups that SPI comes into contact with in its areas of operation are robustly managed.

SPI has identified what it considers to be its key risks and has prepared risk maps based upon likelihood of occurrence and severity of impact.

CONTINUED >

18 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

TRUSTEES’ REPORT

RISK MANAGEMENT — CONTINUED

Risks Strategy to mitigate
1. Inadequate or low reserves • Priority given to promotion of General Funds
• Annual Budget set to achieve surpluses
• Revised focus on fundraising and ongoing review of underlying cost
base to increase productivity
• Financial forecasting including fund balance reviews and cash fow
management.
2. Over-reliance on Operation
Christmas Child		 • Move towards global integration will allow for a wider project base with
greater appeal to supporter base
• Proposed investment in improved fundraising capacity
• Investment in legacy giving programme
• Cost reduction programme implemented to reduce pressure on
unrestricted giving.
3. Harm caused to the public
and the Charity as a result of
a failure in safeguarding		 • Safeguarding policy reviewed and external advisors appointed
• All staff received basic training and staff with high levels of public
interaction, such as DART and OCC, will receive enhanced training.
All training is annually refreshed
• Appropriate levels of DBS being obtained
• “Designated Safeguarding Leads” identifed and given enhanced
training
• Governance committee appointed as Safeguarding Lead on behalf of
the trustees and all members of that Committee to undergo enhanced
safeguarding training.
4. Increased reliance on
systems for remote working
has heightened the potential
and opportunity for some
form of cyber attack		 • We are fully supported by our IHQ in the US as this is a global issue
• All software up to date and processes for patching fully implemented
• Potential exposures being continuously reviewed
• Training given to all staff regarding cyber-crime awareness
• Cyber-crime insurance cover in place.

BREXIT

In addition to the risks noted above, the impact of Brexit on the Charity has been considered and the trustees are of the opinion that because of the nature of activities undertaken, the Charity’s ability to continue to operate will not be unduly hindered. The only impact may be the possible reduction in donations as a result of the continued general uncertainty in the UK economy. The Charity has no foreign currency exposure and no staffing implications from a reduction in the freedom of movement.

2021 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 19

TRUSTEES’ REPORT

COVID–19

On 23 March 2020, the UK was placed into lockdown as a result of the COVID-19 pandemic. The trustees, together with the Senior Management Team, are constantly reviewing the impact that the on-going crisis is having on the operations and viability of the Charity. The trustees are confident that the preparation of the financial statements for the period to 31 March 2021 under the going concern basis is appropriate, while recognising that material uncertainties do exist that may mean this is not appropriate in future periods. The uncertainties include:

However, as the year has progressed and the nature and level of restrictions have fluctuated, the Senior Management Team strove to ensure continued compliance with government guidance and developing a series of mitigations. These include:

CONTINUED >

20 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

TRUSTEES’ REPORT

COVID–19 — CONTINUED

As a result of the above measures the trustees are confident that the going concern basis is appropriate at this time and SPI will continue to bring relief in Jesus’ Name through transformative, bold and compassionate action.

The Charity was able to pivot agilely into new forms of programming, notably two domestic projects called This is Love and Learning in Lockdown . We also had a very successful online shoebox campaign. Further details of these projects are reported elsewhere in this report. The Charity ended the financial year with improved cash and general fund balances, creating a strong platform for the next period. The trustees have set a conservative budget for the next fiscal year which is achievable and will allow the Charity to consolidate the gains made in 2020/21.

FUNDRAISING

During the year, the Charity was once again extremely grateful for the support of our donors, without whom the work could not continue. The Charity uses a number of different communication methods to attract and retain support, including:

The Charity does not use any external commercial participators or professional fundraisers.

In all fundraising activity undertaken, the Charity seeks to be transparent and clear as to how the donated funds raised will be used and in all cases any restriction placed on a donation is strictly adhered to. In cases where the Charity is unable to use the donation, the supporter will be contacted and either another use for the funds agreed, or the donation is returned.

The Charity maintains and monitors the wishes of each supporter and will only communicate using methods the supporter has given clear and informed consent for us to use and to the best of our knowledge and understanding we comply fully with the General Data Protection Regulation.

The Charity does not knowingly communicate with young people below the age of 18, or any vulnerable adult.

CONTINUED >

2021 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 21

TRUSTEES’ REPORT

FUNDRAISING — CONTINUED

Where we are made aware that such people may be receiving communications from us, our records are amended to prevent further communication.

The Charity has robust systems in place to ensure that when we are notified that a supporter wishes to cease being contacted, either directly with us or through the Fundraising Preference Scheme, this action can be implemented immediately.

The Charity is compliant with the Institute of Fundraising Code of Practice and received no complaints about its fundraising practices during the year. The Charity has also subscribed to the Fundraising Regulator and abides by the guidelines and directives issued from time to time by that body.

PUBLIC BENEFIT STATEMENT

The trustees have considered the public benefit guidance issued by the Charity Commission together with the supplemental guidance on the application of the public benefit test to charities whose aims include assisting those in need.

The trustees are aware of their legal duty to have regard to the public benefit guidance and to report on this Charity’s compliance with the public benefit obligation. The activities of the Charity are considered to provide public benefit for the following reasons:

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

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 Charity, and of its income and expenditure for the period. In preparing those financial statements, the trustees are required to:

CONTINUED >

22 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

TRUSTEES’ REPORT

STATEMENT OF TRUSTEES’ RESPONSIBILITIES — CONTINUED

The trustees are responsible for maintaining proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Charity, 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 Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees also confirm that as far as they are aware there is no relevant audit information of which the Charity’s auditors are unaware, and they have taken all steps that they ought to have taken as trustees in order to make themselves aware of any relevant audit information and to establish that the Charity’s auditors are aware of that information.

AUDITORS

A resolution to re-appoint Mazars LLP as auditors will be proposed at the forthcoming annual general meeting. In approving the Trustees’ Report, the trustees are also approving the Strategic Report therein in their capacity as company directors.

Approved by the Board of Trustees on 28th July 2021, and signed on its behalf by:

James Barrett, Chair

2021 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 23

AUDITOR’S REPORT

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF SAMARITAN’S PURSE INTERNATIONAL LIMITED

OPINION

We have audited the financial statements of Samaritan’s Purse International Limited (the ‘Charity’) for the year ended 31 March 2021 which comprise Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows 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, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

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 Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Charity 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 Charity’s ability to continue as a going concern for a period of at least 12 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.

24 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

AUDITOR’S REPORT

OTHER INFORMATION

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. 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 course of 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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:

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors’ Report included within the Trustees’ Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

2021 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 25

AUDITOR’S REPORT

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the trustees’ responsibilities statement set out on page 23 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 Charity’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 Charity or to cease operations, or have no realistic alternative but to do so.

AUDITOR’S 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 an auditor’s report 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 the financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Based on our understanding of the Charity and its activities, we identified that the principal risks of non-compliance with laws and regulations related to the Charities Act 2011, the Charities Statement of Recommended Practice, UK tax legislation, pensions legislation, employment regulation and health and safety regulation, anti-bribery, corruption and fraud, money laundering, non-compliance with implementation of government support schemes relating to COVID-19, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements, such as the Companies Act 2006.

We evaluated the trustees’ and management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, in particular in relation to use of restricted and endowment funds, and significant one-off or unusual transactions.

Our audit procedures were designed to respond to those identified risks, including non-compliance with laws and regulations (irregularities) and fraud that are material to the financial statements. Our audit procedures included but were not limited to:

CONTINUED >

26 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

AUDITOR’S REPORT

AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS — CONTINUED

Our audit procedures in relation to fraud included but were not limited to:

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 omissions, misrepresentations or the override of internal controls.

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 auditor’s report.

USE OF THE AUDIT REPORT

This report is made solely to the Charity’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 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 responsibility to anyone other than the Charity and the Charity’s members as a body for our audit work, for this report, or for the opinions we have formed.

Signed:

(Senior Statutory Auditor) for and on behalf of Mazars LLP

Chartered Accountants and Statutory Auditor 2nd Floor, Sutton Plaza, Sutton Court Road, Sutton, SM1 4FS

Date:

2021 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 27

FINANCIAL STATEMENTS AND NOTES

STATEMENT OF FINANCIAL ACTIVITIES

(including income and expenditure account) For the year ended 31 March 2021

Note
INCOME FROM:
Cash donations and legacies
3
Gift in kind
4
Charitable Activities:
Grants received
5
Trading Activities
Merchandise sales
Investment Income
Bank interest
Other
Total Income:
Expenditure on:
Raising funds
6
Charitable activities:
7
Emergency response
Integrated programmes:
t
n
e
m
p
ole
v
e
d
m
r
e
t
g
n
o
L
Operation Christmas Child
Other
The Greatest Journey
Total Expenditure:
Net Income/(Expenditure)
before transfers
Transfers between funds
20
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
Restricted
funds
£
2021
Total
£
Unrestricted
funds
£
Restricted
funds
£
2020
Total
£
689,510
3,166,084
3,855,594
537,960
2,674,076
3,212,036
-
3,794,193
3,794,193
-
6,499,912
6,499,912
155,517
564,432
719,949
292,538
68,711
361,249
1,467
-
1,467
-
298
298
157
-
157
3,464
-
3,464
1,800
-
1,800
1,814
8,345
10,159
848,451
7,524,709
8,373,160
835,776
9,251,342
10,087,118
413,241
335,083
748,324
468,922
292,989
761,911
203,158
622,014
825,172
203,059
496,012
699,071
97,987
290,799
388,786
86,593
197,045
283,638
356,665
5,474,299
5,830,964
388,869
8,062,000
8,450,869
5,409
25,770
31,179
-
14,475
14,475
30,440
93,200
123,640
77,770
189,969
267,739
693,659
6,506,082
7,199,741
756,291
8,959,501
9,715,792
1,106,900
6,841,165
7,948,065
1,225,213
9,252,490
10,477,703
(258,449)
683,544
425,095
(389,437)
(1,148)
(390,585)
440,571
(440,571)
-
104,961
(104,961)
-
182,122
242,973
425,095
(284,476)
(106,109)
(390,585)
2,163,859
485,852
2,649,711
2,448,335
591,961
3,040,296
2,345,981
728,825
3,074,806
2,163,859
485,852
2,649,711

There are no recognised gains or losses other than those shown in the Statement of Financial Activities. All operations are continuing operations. Movements in funds are disclosed in Note 20.

28 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

FINANCIAL STATEMENTS AND NOTES

BALANCE SHEET

Company number 02462257

As at 31 March 2021

Notes
FIXED ASSETS
Tangible assets
13
Investments
14
CURRENT ASSETS
Stock
Debtors
15
Cash at bank and in hand
CREDITORS:amounts falling due
within one year
16
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS:
FUNDS
Unrestricted funds
General fund
21
Designated fund - fxed assets
21
Restricted funds
20 & 22
TOTAL FUNDS		 £
26,892
191,616
1,309,867		 2021
£
1,689,426
2		 £
12,580
466,314
606,264		 2020
£
1,755,473
2
1,689,428
1,385,378		 1,755,475
894,236
1,528,375
(142,997)		 1,085,158
(190,922)
3,074,806
3,074,806		 2,649,711
2,649,711
656,555
1,689,426		 408,386
1,755,473
2,345,981 2,163,859
728,825
3,074,806		 485,852
2,649,711

Approved by the Board of Trustees on 28th July 2021, and signed on its behalf by:

James Barrett, Chair

2021 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 29

FINANCIAL STATEMENTS AND NOTES

STATEMENT OF CASH FLOWS

For the year ended 31 March 2021

RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income/(expenditure) for the reporting period
(as per the Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest paid
Interest received from investments
(Increase) in stock
Decrease/ (Increase) in debtors
(Decrease) in creditors
Net cash provided by/(used in) operating activities
Cash fows from operating activities:
Net cash provided by/(used in) operating activities
Cash fows from investing activities:
Interest paid
Interest received
Purchase of equipment
Net cash used in investing activities:
Cash fows from fnancing activities:
Repayments of borrowing
Net cash used by fnancing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
Cash and cash equivalents at the end of the reporting period
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash at bank and in hand
Total cash and cash equivalents		 2021
£
2020
£
425,095
(390,585)
84,462
62,998
-
239
(157)
(3,464)
(14,312)
(12,580)
274,698
(217,157)
(47,925)
(57,702)
721,861
(618,251)
721,861
(618,251)
-
(239)
157
3,464
(18,415)
(191,809)
(18,258)
(188,584)
-
(27,969)
-
(27,969)
703,603
(834,804)
606,264
1,441,068
1,309,867
606,264
2021
£
2020
£
1,309,867
606,264
1,309,867
606,264

30 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

FINANCIAL STATEMENTS AND NOTES

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2021

1. ACCOUNTING POLICIES

a) Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. The financial statements have been prepared in Pound Sterling as this is the currency of the primary economic environment in which the company operates.

The results of the subsidiary trading company, Operation Christmas Child Ltd, have not been consolidated on the grounds that they are immaterial to the group.

b) Preparation of the accounts on a going concern basis

The accounts have been prepared on the going concern basis. The Charity has reported a cash inflow of £703,603 (2020 outflow - £834,804). The charity has no concerns over its future financial viability as it retains sufficient fund balances and cash to meet its obligations as and when they fall due.

c) Recognition of income

Gifts and donations are recognised on a receivable basis. Shoeboxes are valued using an average valuation drawn from a random sample from across all regions of the UK. Other gifts in kind received are valued according to customs declaration. Income tax recovered and interest receivable are accounted for on an accruals basis. Grants are recognised in the financial statements in the year in which they are receivable.

Government grants under the Coronavirus Job Retention Scheme (Furlough) have been recognised when received and are disclosed in the financial statements as grant income.

d) Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. 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 and in any future periods affected.

CONTINUED >

2021 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 31

FINANCIAL STATEMENTS AND NOTES

ACCOUNTING POLICIES — CONTINUED

The operational restrictions resulting from the COVID-19 lockdown meant that we were unable to complete a full shoebox valuation exercise this year. A much smaller and less random sample was selected and this was then combined with previous three years’ value to obtain an average value. This average value was then used to calculate the gift in kind value for donated shoeboxes. We estimate that if the value from the valuation exercise undertaken had been used, the value of gift in kind would be approximately £47k higher than the value included in the accounts. The lower valuation has been used because of the increased uncertainty of the truly representative nature of the small sample selected. We expect to revert to the established methodology in future years.

Management believe that, because of the underlying nature and value of estimates and judgements made in the preparation of these financial statements, it is highly unlikely that that an error in these estimates and judgements would lead to a material misstatement. The largest of these estimates relates to the valuation of Shoeboxes as explained above, which, because of its nature, does not have an impact on the underlying financial stability of the organisation as the valuation of these gifts is included as both income and expenditure.

e) Expenditure

f) Recognition of liabilities and commitments

Provision is made when a past event results in a present (legal or constructive) obligation to make a transfer of value to a third party, which is likely to occur and the value of which can be reasonably estimated.

g) Investments

Investments represent the cost price of shares in its unlisted trading subsidiary, Operation Christmas Child Limited.

Tangible fixed assets are stated at cost, less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its useful life, as follows:

CONTINUED >

32 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

FINANCIAL STATEMENTS AND NOTES

TANGIBLE FIXED ASSETS AND DEPRECIATION— CONTINUED

Freehold property cost less value of land, straight line method for 50 years Motor vehicles 25% straight line method Equipment, fixtures and fittings 33.3% straight line method

The de minimis capitalisation level is £500.

i) Financial instruments

The Charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Derivatives, including forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at the fair value on the date a derivative contract is entered into and are subsequently remeasured at their fair value.

j) Funds

Funds are divided into unrestricted general, unrestricted designated and restricted funds.

Unrestricted funds are available for use at the discretion of the trustees. They are divided between general funds and designated funds. In accordance with the terms under which shoeboxes and donations are received, surpluses on the restricted shoebox funds at the balance sheet date may be utilised for the general purposes of Samaritan’s Purse International Limited and are therefore transferred to unrestricted funds.

Restricted funds include a number of funds, where application by the trustees is restricted to the activity indicated by the donor.

Transfers from unrestricted funds are made where the restricted funds are in deficit and there is no likelihood of any recovery in future.

k) Statement of income and expenditure

A separate statement of income and expenditure is required when the Statement of Financial Activities contains items which could not normally be recognised in a profit and loss account under the Companies Act 2006. As this is not the case in these accounts, a separate statement of income and expenditure has not been prepared.

l) Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are recorded in a separate nominal account and are included as part of support costs within the Statement of Financial Activities.

CONTINUED >

2021 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 33

FINANCIAL STATEMENTS AND NOTES

ACCOUNTING POLICIES— CONTINUED

m) Pensions

The pension costs charged in the financial statements represent the contributions payable by the company during the year. Further details are provided in note 18.

n) Operating leases

Rentals payable under operating leases are charged on a straight line basis over the term of the lease.

o) Irrecoverable VAT

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

p) Stock

Closing stock represents stock in hand at the year end and is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.

q) Samaritan’s Purse International Limited

(The Charity) is a company limited by guarantee incorporated in England and Wales. The Charity’s company registration number is 02462257.

Victoria House, Victoria Road, Buckhurst Hill, Essex, IG9 5EX.

The principal activity of the Charity is providing church support and emergency relief and development assistance to suffering people around the world, meeting the physical needs of victims of war, famine, natural disaster and disease with the aim of demonstrating God’s love and sharing the Good News of Jesus Christ. The aid and assistance are given without regard to the race, creed, gender, sexual orientation, religion or ethnicity of the beneficiaries. The Charity meets the definition of a public benefit entity under FRS 102.

2. NET EXPENSE FOR THE PERIOD

2021 2020
This is stated after charging: £ £
Depreciation of fxed assets 84,462 62,998
Auditors’ remuneration
Audit fee 16,968 15,859
Fees for non-audit services 3,354 1,000
Operating leases 92,600 84,716

34 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

FINANCIAL STATEMENTS AND NOTES

3. CASH DONATIONS AND LEGACIES

Emergency response
Integrated programmes
Long term development
OCC
The Greatest Journey		 2021
Unrestricted
£
2021
Restricted
£
2021
Total
£
2020
Unrestricted
£
2020
Restricted
£
2020
Total
£
-
418,724
418,724
-
328,281
328,281
689,510
404,902
1,094,412
537,960
342,917
880,877
-
2,104,972
2,104,972
-
1,849,010
2,131,245
-
237,486
237,486
-
153,868
153,868
689,510
3,166,084
3,855,594
537,960
2,674,076
3,212,036

4. GIFTS IN KIND

Integrated Programmes
Gifts in kind - shoeboxes
Gift in kind – fllers		 2021
Restricted Shoeboxes
£
2021
Total
£
2020
Total
£
3,659,064
3,676,846
6,499,912
135.129
117,347
-
3,794,193
3,794,193
6,499,912

Shoeboxes donated to Operation Christmas Child in 2020 have been brought into the accounts at £16.93 (Operation Christmas Child 2019: £16.56), This is the average value from the previous four years, including an average value from a small sample in December 2020. The COVID-19 restrictions in place did not allow for a full valuation exercise because of our reliance on volunteers who were unable to attend site. Please refer to note 1d) for further consideration of the estimates and judgements used in assessing the value of gift in kind received

Shoebox fillers are donated goods by commercial entities to be used in Shoebox Online boxes are valued at the cost of the goods donated.

2021 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 35

FINANCIAL STATEMENTS AND NOTES

5. GRANTS RECEIVED

Samaritan’s Purse - USA
Coronavirus Job
Retention Scheme
Church Revitalisation
Trust
Guernsey Overseas Aid
Committe
Samaritan’s Purse -
Germany
Other		 2021
Unrestricted
£
2021
Restricted
£
2021
Total
£
2020
Unrestricted
£
2020
Restricted
£
2020
Total
£
127,911
215,285
343,196
292,538
67,848
360,386
27,606
-
27,606
-
-
-
-
65,000
65,000
-
-
-
-
49,988
49,988
-
-
-
-
227,315
227,315
-
-
-
-
6,844
6,844
-
863
863
155,517
564,432
719,949
292,538
68,711
361,249

At the end of the year, £nil (2020: £nil) was outstanding.

6. COSTS OF RAISING FUNDS

Donations
Direct fundraising costs
Direct staff costs
Other
Support costs allocated
Gifts in kind
Direct fundraising costs
Direct staff costs
Other
Support costs allocated		 Unrestricted
£
Restricted
£
2021
Total £
Unrestricted
£
Restricted
£
2020
Total£
160,392
35,639
196,031
174,717
16,250
190,967
79,419
36,714
116,133
63,925
13,359
77,284
77,161
19,332
96,493
125,318
21,502
146,820
96,269
24,086
120,355
104,962
17,904
122,866
413,241
115,771
529,012
468,922
69,015
537,937
-
67,513
67,513
-
52,736
52,736
-
69,549
69,549
-
43,355
43,355
-
36,623
36,623
-
69.780
69.780
-
45,627
45,627
-
58,103
58,103
-
219,312
219,312
-
223,974
223,974
413,241
335,083
748,324
468,922
292,989
761,911

36 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

FINANCIAL STATEMENTS AND NOTES

7 .CHARITABLE ACTIVITIES

The amounts spent on charitable activities, including support costs as analysed by programme area, are as follows:

Emergency response
Long term development
Operation Christmas Child
The Greatest Journey
Other
Total		 Grant
Funding
£
Operational
programmes
£
Donated
goods
£
Support
Total
£
2021
Total
£
2020
Total
£
213,197
408,817
-
203,158
825,172
699,071
261,680
29,119
-
97,987
388,786
283,638
-
1,697,888
3,776,411
356,665
5,830,964
8,450,869
-
93,200
-
30,440
123,640
267,739
25,770
-
-
5,409
31,179
14,475
500,647
2,229,024
3,776,411
693,659
7,199,741
9,715,792

8. GRANTS PAYABLE

Disaster and emergency
response
Integrated programmes
Raising Families
Water and Sanitation
Water and Sanitation
- GOAC
Medical Interventions
Other		 Unrestricted
£
Restricted
£
2021 Total
£
Unrestricted
£
Restricted
£
2020
Total
£

-
213,197
213,197
-
338,996
338,996
-
213,197
213,197
-
338,996
338,996
-
128,595
128,595
-
46,204
46,204
-
83,097
83,097
-
113,511
113,511
-
49,988
49,988
-
-
-
-
16,560
16,560
-
7,082
7,082
-
9,210
9,210
-
6,093
6,093
-
287,450
287,450
-
172,890
172,890
-
500,647
500,647
-
511,886
511,886

All grants are payable to institutions as opposed to individuals.

2021 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 37

FINANCIAL STATEMENTS AND NOTES

9. SUPPORT COSTS AND GOVERNANCE

The support costs of the Charity consist of four main cost elements: staff, office and administration, communications, travel and governance. These costs plus depreciation have been apportioned across the work of the charity on the basis disclosed in Note 1(c) and allocated as set out below:

Basis of
apportionment
Charitable
activities
Emergency
response
Integrated
programmes
Long Term
Development
Operation
Christmas Child
The Greatest
Journey
Medical
Interventions
Income generation
Cash donations
and grants
Gifts in kind
Total		 Offce &
Admin
Staff
Travel
Comms
Depreciation
Governance
2021Total
(Work
done)
(Staff)
(Actual)
(Usage)
(Usage)
(Actual)
60,206
118,795
863
142
18,374
4,778
203,158
29,039
57,297
416
69
8,862
2,304
97,987
105,699
208,556
1,515
249
32,258
8,388
356,665
9,021
17,800
129
21
2,753
716
30,440
1,602
3,164
23
4
489
127
5,409
205,567
405,612
2,946
485
62,736
16,313
693,659
35,668
70,377
511
84
10,885
2,830
120,355
13,522
26,680
194
32
4,127
1,073
45,628
49,190
97,057
705
116
15,012
3,903
165,983
254,757
502,669
3,651
601
77,748
20,216
859,642

10. INTEREST PAYABLE

2021 2020
£ £
Bank loans - 239

38 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

FINANCIAL STATEMENTS AND NOTES

11. STAFF COSTS AND NUMBERS

Staff costs were as follows:

Salaries
Temporary staff costs
Social security
Pensions
Redundancy
 2021
£
2020
£
1,194,958
1,278,642
81,454
10,885
113,894
118,796
79,560
73,641
-
27,691
1,469,866
1,509,655

The average number of employees during the period was as follows:

UK project staff
UK operations staff
UK operations staff – seasonal
Offce and management
Communications and fundraising
International feld staff		 2021
No.
2020
No.
4
4
18
17
8
-
20
19
5
6
6
2
61
48

The total amount of employee benefits in aggregate received by the Senior Management Team consisting of the Executive Director, Finance Director, Director of Operation Christmas Child and Communications Director was £247,729 in 2021/20 (2019/20 - £277,647). These amounts include employer’s national insurance contributions, employer’s pension contributions and life insurance contributions.

Three employees received emoluments of more than £60,000 per annum in the period (2020: two)

Salary Band 2021 2020
£60,000 – £69,999 1 1
£70,000 – £79,999 1 1
£80,000 – £89,999 1 -

During the period, no staff (2020: 6) were paid redundancy costs (2020: £27,691). However, one member of staff did receive an ex-gratia settlement of £7,100 (2020: £3,167). Of this amount, £7,100 (2020: £9,450) was outstanding at year end.

2021 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 39

FINANCIAL STATEMENTS AND NOTES

12. TRUSTEES AND RELATED PARTIES

None of the trustees received any remuneration during the period. None (2020 – 1) were reimbursed expenses to cover the cost of travel.

Mr J. Barrett, Rev. Mr R. Chilvers, Mr J. Gallagher, Rev. W. F. Graham, Mr A. Lawrence, Mr P. Saber, Mrs C. Graham-Lynch and Rev.W.F.Graham IV are directors of The Billy Graham Evangelistic Association Limited. Charges during the period were made in relation to shared costs from SPI to BGEA of £410,538 (2020 - £246,809). At the year end, a balance of £ nil (2020 - £57,581) was due from BGEA.

Trustees made donations of £410 in 2021 (2020 - £360) to the organisation. In all cases these donations were without restrictions.

Debtors includes a balance of £27,815 (2020: £12,680) due from Operation Christmas Child Limited.

Samaritan’s Purse International Limited has taken advantage of the exemption not to disclose the transactions with Operation Christmas Child Limited as this company is a wholly-owned subsidiary of Samaritan’s Purse International Limited.

13 .TANGIBLE FIXED ASSETS

COST
At 1 April 2020
Additions
Disposals
At 31 March 2021
DEPRECIATION
At 1 April 2020
Charge for the period
Disposals
At 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020		 Freehold Property
Fixtures, fttings
and equipment
Total
£
£
£
1,953,352
342,483
2,295,835
-
18,415
18,415
-
(23,006)
(23,006)
1,953,352
337,892
2,291,244
415,277
125,085
540,362
26,067
58,395
84,462
-
(23,006)
(23,006)
441,344
160,474
601,818
1,512,008
177,418
1,689,426
1,538,075
217,398
1,755,473

All assets are held for charitable use.

40 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

FINANCIAL STATEMENTS AND NOTES

14. FIXED ASSET INVESTMENTS

Fixed asset investments of £2 represent the cost of the entire issued capital of a trading company, Operation Christmas Child Limited (OCC Ltd), registered in England and Wales. For the year ended 31 March 2021 the aggregate amount of capital and reserves was £2,469 (2020: £3,496). During the year, the Company made a retained profit of £2,467 (2020: £3,494).

15. DEBTORS

Grants receivable
Other debtors
Amounts due from subsidiary undertakings
Prepayments
Value Added Tax recoverable		 2021
£
2020
£
-
235
66,572
330,873
27,815
-
47,539
68,035
49,690
67,171
191,616
466,314

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Other creditors
Social security and taxation
Accruals		 2021
£
2020
£
61,009
100,604
1,578
9,523
43,070
36,307
37,340
44,488
142,997
190,922

17. FINANCIAL INSTRUMENTS

Financial assets measured at amortised cost
Financial assets comprised the total of grants receivable and
other debtors
Financial liabilities measured at amortised cost		 2021
£
2020
£
94,387
331,109
62,587
110,127

Financial liabilities comprise the total of trade creditors, other creditors and the mortgage on the property.

2021 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 41

FINANCIAL STATEMENTS AND NOTES

18. PENSION COSTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately in an independently administered fund. The pension charge represents contributions payable by the charity to the fund, the details of which are:.

Pension Costs - Restricted Funds
Pension Costs - Unrestricted Funds		 2021 £
2020 £
38,943
37,164
40,617
36,477
79,560
73,641

19. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fund balance at 31 March 2021 are represented by:

General Unrestricted Restricted Total
2021 Designated 2021 2021
£ 2021 £ £
£
Tangible Fixed Assets - 1,689,426 - 1,689,426
Investments 2 - - 2
Current assets 799,550 - 728,825 1,528,375
Creditors due in less
than one year (142,997) - - (142,997)
Total 656,555 1,689,426 728,825 3,074,806

Fund balance at 31 March 2020 are represented by:

General Unrestricted Restricted Total
2020 Designated 2020 2020 2020
£ £ £ £
Tangible Fixed Assets - 1,755,473 - 1,755,473
Investments 2 - - 2
Current assets 599,306 - 485,852 1,085,158
Creditors due in less
than one year (190,922) - - (190,922)
Total 408,386 1,755,473 485,852 2,649,711

CONTINUED >

42 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

FINANCIAL STATEMENTS AND NOTES

ANALYSIS OF NET ASSETS BETWEEN FUNDS — CONTINUED

The Charity has designated funds to show the amounts spent on fixed assets. Accordingly, funds have been designated as follows:

FIXED ASSETS FUND: this represents the amounts expended, less depreciation, on its plant, equipment and premises. This is calculated as the carrying value of the tangible fixed assets. The figure at 31 March 2021 was £1, 689,426 (2020 - £1,755,473).

20. ANALYSIS OF MOVEMENT IN FUNDS

At 1 April 2020
Income
Expenditure
Reallocation between funds
At March 2021		 General
£
Unrestricted
Designated
2021
£
Restricted
£
Total
£
408,386
1,755,473
485,852
2,649,711
848,451
-
7,524,709
8,373,160
(1,106,900)
-
(6,841,165)
(7,948,065)
506,618
(66,047)
(440,571)
-
656,555
1,689,426
728,825
3,074,806

21. MOVEMENT IN UNRESTRICTED FUNDS

Designated:
Fixed assets
General reserves		 Opening
Balances
Income
Expenditure
Transfer
Closing
Balances
£
£
£
£
£
1,755,473
-
-
(66,047)
1,689,426
408,386
848,451
(1,106,900)
506,618
656,555
2,163,859
848,451
(1,106,900)
440,571
2,345,981

2021 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 43

FINANCIAL STATEMENTS AND NOTES

22. RESTRICTED FUNDS SUMMARY

Emergency
Disasters & Emergency
Integrated Programmes
Raising Families
Clean Water Project
GOAC – Water
Protection/Women at Risk
Medical Interventions
Other
Operation Christmas Child
& The Greatest Journey
Cash donations
Donated shoeboxes and
fllers
Total		 Opening
balance
Income
Expenditure
Transfers (to)/
from other funds
Closing
balances
£
£
£
£
£
190,397
626,178
622,014
(42,862)
151,699
190,397
626,178
622,014
(42,862)
151,699
95,108
191,041
146,670
(14,339)
125,140
170,433
162,272
78,561
(14,342)
239,802
4,568
49,988
49,988
-
4,568
7,428
10,936
15,580
(502)
2,282
6,539
26,739
16,560
(537)
16,181
11,379
20,758
9,210
(13,334)
9,593
295,455
461,734
316,569
(43,054)
397,566
-
2,642,604
2,126,171
(354,655)
161,778
-
3,794,193
3,776,411
-
17,782
-
6,436,797
5,902,582
(354,655)
179,560
485,852
7,524,709
6,841,165
(440,571)
728,825

CONTINUED >

44 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

FINANCIAL STATEMENTS AND NOTES

RESRICTED FUNDS SUMMARY — CONTINUED

Disasters and emergency fund — provides resources needed to respond to natural disasters or emergencies.

Raising Families fund — provides funds that enable local churches to help vulnerable children and families within their communities to achieve a sustainable future.

Clean water project —provides a lifetime of safe drinking water to families in remote areas of the world.

GOAC — Water — this is a water project funded by the Guernsey Overseas Aid Committee in Niger.

Protection/Women at risk — this fund supports small projects targeted to support women at risk of exploitation and trafficking.

Medical interventions – this fund supports direct medical interventions in emergency situations.

OCC — Cash donations — received in connection with the shoebox appeal. The funds are primarily used to cover the administration and distribution costs of the Operation Christmas Child Appeal.

The Greatest Journey is a discipleship and evangelism programme linked closely to Operation Christmas Child.

— The valuation of the shoeboxes donated in the year in relation to the Operation Christmas Child Appeal. This also includes the value of items donated to be used as filler for Shoebox Online.

Transfers

The transfer from Operation Christmas Child International is to cover the direct and indirect support given to OCC by the Charity using an objective cost allocation methodology. None of the funds transferred from OCC will be used to support other projects.

During the period amounts totalling £nil (2020 - £62,345) were needed to make a number of projects financially viable as all projects had sufficient income or accumulated restricted fund balances to cover the in-year project costs.

£319,797 was charged during the period (2020 - £266,650) to restricted funds to cover related costs of administration, management and overheads.

2021 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 45

FINANCIAL STATEMENTS AND NOTES

23. OTHER FINANCIAL COMMITMENTS

2021 2021 2020 2020
g
n
i
d
n
a
L		 Other g
n
i
d
n
a
L		 Other
& Buildings & Buildings
£ £ £ £
Less than one year 73,667 18,923 73,667 11,039
Between two and fve years 110,516 63,762 36,839 16,317

24. LIMITED LIABILITY

The Charity is a company limited by guarantee, not having share capital. In the event of winding up, the trustee members may be called upon to contribute the sum of £1 each.

46 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

48 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

©2021