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2022-03-31-accounts

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31[st] MARCH 2022 Trustees' Report & Financial Statements

SAMARITAN’S PURSE INTERNATIONAL LTD 2022 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 1 COMPANY REGISTRATION NUMBER 02462257

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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 31stMarch 2022 28.

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CHARITABLE COMPANY INFORMATION

TRUSTEES

Mr J. Barrett (Chair) Mr R. Chilvers Mr J. Gallagher Rev. W.F. Graham III (President) Mr A. Lawrence (resigned October 2021) 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 & REGISTERED OFFICE

AUDITORS

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

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.

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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[st ] March 2022, 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.

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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

Samaritan's Purse International'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 through our staff and disaster response roster, through Samaritan's Purse field teams in project countries, and through local partner organisations.

The COVID-19 pandemic continued to shape all programming this year, and in five projects was the primary reason for intervention. Our staff and partners have found ways to adjust and adapt so that ministry may continue amidst the ongoing uncertainties of the pandemic, and to minimise the inadvertent spread of the virus (these efforts have included the use of PPE and requirement of COVID vaccination for staff deploying to overseas locations). SPI continued to respond to both natural and conflict-related disasters, the former being largely rapid onset and the latter being largely protracted. As in recent years, there has

been at least one emergency response in Europe; in 2019/20 there were responses in Italy and the UK; in 2021/22 it was Germany and Ukraine.

Over the past year, SPI supported 34 international and domestic projects, three major disaster response efforts, and multiple staff deployments in 22 countries: Afghanistan, Albania, Colombia, Cuba, Democratic Republic of the Congo, Eswatini, Ethiopia, Germany, Haiti, India, Liberia, Moldova, Nepal, Niger, Pakistan, Romania, South Sudan, Syria, Uganda, Ukraine, Yemen, and Zambia. All assistance, whether developmental or humanitarian, is provided without prejudice and irrespective of background, religion, political affiliation, gender, sexual orientation, age, or ethnicity. From access to clean water for the first time, to life-saving infant care, and from feeding refugees, to skills for brighter futures, SPI 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.

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TRUSTEES’ REPORT

IN THE AFTERMATH OF A MASSIVE EARTHQUAKE IN HAITI, SPI SUPPORTED EFFORTS TO PROVIDE CLEAN WATER, EMERGENCY SHELTER, AND A FIELD HOSPITAL.

EMERGENCY RELIEF FOR SUDDEN ONSET CRISES

Samaritan's Purse International responded to emergencies around the world by funding relief efforts and deploying members of the Disaster Assistance Response Team (DART) to serve directly on the field. Members of the disaster response roster completed 19 assignments in nine countries, including Ethiopia, Germany, Yemen, Haiti, Albania, Romania, Moldova, Ukraine and Italy. This assistance was delivered to save lives and included water, sanitation, hygiene, medical interventions and field hospitals, food assistance, clothing, non-food items, shelter and household items, early recovery, and spiritual aid.

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TRUSTEES’ REPORT

NATURAL DISASTERS

In July 2021, flooding in Germany led to the deaths of nearly 200 individuals and the destruction of thousands of homes and businesses. In response, SPI deployed staff and engaged volunteers to provide technical and logistical support, working in partnership with local churches and ministries. The following month, a 7.2 magnitude earthquake struck Haiti , leaving 1.2 million individuals with limited or no access to shelter, safe water, healthcare, and nutrition. Within 24 hours of the earthquake, Samaritan's Purse deployed a relief flight with staff and supplies that allowed for the provision of 1.7 million litres of potable water, medical supplies, and the treatment of patients in a 36-bed emergency field hospital.

OUR DISASTER ASSISTANCE RESPONSE TEAM (DART) TRAVELLED TO HARD-HIT WESTERN GERMANY TO AID IN MASSIVE FLOOD RELIEF EFFORTS.

CONFLICT-RELATED DISASTERS

In August 2021, the world watched in horror as Afghanistan was taken over by the Taliban; the change prompted a mass evacuation of Afghans, aid workers, missionaries, and those who had worked in support of NATO countries. With the economy in tatters and foreign funding frozen, many Afghans lost their incomes and livelihoods, creating a devastating humanitarian situation, leading some to resort to the desperate measures of selling organs and children. Samaritan's Purse responded in multiple ways; within Afghanistan , food and blankets were provided to families and individuals; in Pakistan , food and cash aid was provided to Afghan refugees; in Albania , medical services, clothing, and psychosocial support was provided to evacuees from Afghanistan. Within the UK , SPI supported resettlement initiatives by providing basic necessities and trauma support in Milton Keynes, Sheffield, and Luton. In February 2022, the invasion of Ukraine by Russia prompted the largest refugee crisis in Europe since the Second

World War, with more than four million fleeing Ukraine in the first weeks of the conflict. Samaritan's Purse sent assessment and response teams to Ukraine as well as the neighbouring countries of Moldova , Poland , and Romania . Activities supported by Samaritan's Purse International have included the distribution of almost 100 tonnes of food and thousands of non-food items (hygiene kits, blankets, clothing) in Ukraine and Moldova; in addition, the provision of medical care through emergency field hospitals and units that conducted 2,655 outpatient consultations and performed 20 surgeries. Over 46,000 individuals were served directly and in collaboration with partner organisations and churches associated with Operation Christmas Child. In Germany , SPI funded the distribution of non-food items, hygiene kits, and Bibles. At home in the United Kingdom , a programme was implemented to help Ukrainians find refuge in the UK by making connections between Operation Christmas Child volunteers in both countries.

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TRUSTEES’ REPORT

EMERGENCY RELIEF FOR PROTRACTED CRISES

Samaritan's Purse International responded to multiple protracted crises that were related to the COVID-19 pandemic and to conflict.

In April 2021, a massive wave of COVID-19 infections led to extremely large numbers of cases and deaths in South Asia. In response, SPI worked in India to support the provision of PPE kits and oximeters to community healthcare workers and ambulance drivers, and the distribution of emergency food, health, and hygiene supplies to families who were no longer able to support themselves due to their livelihoods being cut off by lockdowns. In Nepal , SPI supported a 100bed disability-friendly isolation centre for COVID-19 patients, with an aim to support their recovery and to prevent further spread of the virus. T he impact of COVID-19 and lockdowns was also strongly felt in Cuba , where SPI supported economically vulnerable church leaders and families, enabling them to access basic necessities in the context of economic hardship and restrictions placed on churches.

SPI continued to meet the needs of many embroiled in complex emergency situations in the Democratic Republic of the Congo (DRC), Ethiopia, South Sudan, Syria, Venezuela, and Yemen. In the DRC , where over 5.5 million people are displaced, SPI trained community health workers to screen for and treat malnutrition among children and mothers, and stocked health centres with essential supplies; the target number of beneficiaries was 9,245. Also, families, local churches, schools, and other community groups were trained to prevent and respond to widespread sexual and gender-based violence. Aid in the form of water, sanitation, and hygiene materials and interventions was provided for individuals in Ethiopia , where a civil war has raged since 2020. In South Sudan 's Pariang County, where SPI has been present since 2011, support was provided for an initiative to strengthen the resilience of refugees and community members by growing household and community assets. In Syria, which continues to see the devastation of

war, SPI supported multiple programmes; one was designed to train and resource over 100 individuals in various livelihood and business initiatives; the other was focused on supporting local churches through small grants and training, and meeting needs in detention centres, where children of ISIS-affiliated individuals are held. To help alleviate suffering in Venezuela , where the inflation rate reached 3,544%, SPI supported aid and training for over 200,000 vulnerable individuals. In Yemen , which has experienced civil war for the past eight years, a water, sanitation, and hygiene programme was financed with the aim of reaching over 7,000 conflict-affected individuals.

SPI SUPPORTED VULNERABLE COMMUNITIES IN YEMEN THROUGH A LIFE-CHANGING WATER, SANITATION AND HYGIENE PROGRAMME.

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TRUSTEES’ REPORT

COMMUNITY DEVELOPMENT THROUGH CHURCH-BASED PROGRAMMING

The Raising Families programme in Zambia , which began in 2017, continued and deepened over the past year, engaging local churches, and reaching vulnerable individuals. The aim remains to build the capacity of participating churches to raise the quality of life holistically, directly, and measurably for vulnerable adults and children in their local communities. The programme has established church cooperatives and a federation to support and sustain the church network, and for the year 2021/22, SPI provided additional funds as a response to the COVID-19 pandemic. In Niger , SPI helped fund a programme to provide discipleship training to church and community members that would prepare them to reach their communities.

IN NIGER, SPI FUNDED BOTH A DISCIPLESHIP TRAINING PROGRAMME, AND WATER, SANITATION AND HYGIENE PROJECTS.

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TRUSTEES’ REPORT

COMMUNITY DEVELOPMENT THROUGH COMMUNITY-BASED PROGRAMMING

Over the past year, SPI fully or partially funded five water, sanitation, and hygiene (WASH) projects that sought, through direct engagement, to meet the needs of vulnerable communities in Africa and Asia. In Eswatini , SPI funded the installation of a water point in partnership with a church planting initiative, enabling a community to have access to both spiritual and physical water. Water points, latrines, and hygiene training were provided in an area of southern Ethiopia , where many have difficulty accessing potable water. Through this project, it was estimated that over 24,000 individuals would experience a reduction in the recurrence of waterborne illnesses following their increased access to water, sanitation facilities, and improved hygiene knowledge. In Nepal , SPI supported the provision of potable water, sanitation facilities, and hygiene training for 10 schools in one of the country's most under-resourced regions. Once the programme is complete, it is expected that 3,000 individuals will experience not only a reduction in illness but also a reduction in stigma surrounding menstruation, which has thus far been an extremely marginalising experience for girls and women. In partnership with the States of Guernsey Overseas Aid Commission, SPI completed a project in Niger , providing beneficiaries with four water points, knowledge of proper sanitation and hygiene practices, and the construction of latrines in 400 households, four schools, and two health centres. SPI also supported a WASH project in Uganda with the aim of increasing water access for refugees and

community members such that they could have water for both consumption and agriculture.

WATER POINTS, LATRINES, AND HYGIENE TRAINING WERE PROVIDED IN SOUTHERN ETHIOPIA WHERE ACCESSIBLE TO POTABLE WATER IS DIFFICULT.

SHORT-TERM MEDICAL MISSIONS

Samaritan's Purse International supported three medical mission programmes in the 2021/22 year. Funding was provided to support up to 30 cleft lip and palate surgeries in Liberia and up to 400 cataract surgeries in South Sudan . In Uganda , the Children's Heart Project was supported to identify children with congenital heart defects and match with specialised hospitals for surgery and treatment.

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TRUSTEES’ REPORT

MISSION ACTIVITIES OPERATION CHRISTMAS CHILD

Operation Christmas Child (OCC) remains our largest programme. In 2021/2022, shoebox gifts increased to 277,350 (up 4.3% on 2020/2021). This indicated a moderate recovery as the impact of the COVID-19 pandemic had begun to diminish from September 2021 onwards. However, many churches struggled to run core activity and some reduced or temporarily set aside their participation in OCC. An Evangelical Alliance survey reported an average attendance of 32% less in churches when they restarted meeting in person. These factors reduced the extent to which pre-pandemic levels of participation in OCC could recover, despite extensive promotional activities.

The shoebox gift collection included 31,956 gift boxes produced from donations to the Shoebox Online (SBO) programme. This was very close to three times the pre-pandemic donation of 10,765 in 2019/2020, though fewer than the 49,846 in 2020/2021 when many supporters donated online instead of packing physical shoebox gifts at the height of the pandemic. Costs in procuring gift items for SBO were further reduced, though increased logistics costs were incurred due to Covid-related international shipping issues and Brexit-related UK haulage driver shortages. There was a shortfall in OCC budgeted income of £415K, but this was more than offset by increased income for SPI overall (mainly for International Crisis Response), resulting in an overall income that was £1.38 million over budget.

Shoebox gifts or financial donations were made by 2,375 churches of all major denominations, 515 schools from infants to university, and 823 other community groups. Shoebox gifts were received by 1,039 ‘Drop-Off Locations’ during National Collection Week (15th-22nd November 2021). Collections were arranged by 405 IN DRC, LOCAL CHURCHES ARE RESOURCED TO CARE FOR CHILDREN volunteers who transported shoeboxes to three major processing centres that operated for at least four weeks, TRAUMATISED AND DISPLACED BY CONFLICT and a further five pop-up processing centres that ran for just one week each. An overall total of 2,664 volunteers (compared to 1,136 in 2020-21) checked and exported the shoebox gifts, or made up the SBO boxes, in a processing season that was completed in late February 2022.

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THROUGH OPERATION CHRISTMAS CHILD, SHOEBOX GIFTS WERE
CHILDREN IN LIBERIA RECEIVED OPERATION CHRISTMAS CHILD
SENT TO CHILDREN ACROSS EIGHT DIFFERENT COUNTRIES,
SHOEBOXES PACKED IN THE UK IN 2020
INCLUDING ALBANIA, BOSNIA AND LIBERIA.
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TRUSTEES’ REPORT

MISSION ACTIVITIES — CONTINUED

Given the additional effort that was required to participate in OCC in the second year of COVID-19, strong evidence was seen that most participants now support the Christian mission purposes of OCC. This further demonstrated the impact of our strategic refocus on engaging aligned churches and supporters, and on offering a high-quality donor experience in our processing centres.

The pop-up processing centres were particularly effective in offering this experience to a greater number of supporters, particularly those living further away from the main processing centres. Located in key supporting churches, the pop-ups helped mobilise new donors in those areas with a view to encouraging them to travel further to a main processing centre in future. Pop-ups also facilitated a national identity for OCC in Northern Ireland, Scotland, and Wales. All this continues to lay effective foundations for further recovery and new growth in 2022.

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. Shoebox gifts collected in the UK in 2021/22 have been exported to reach children in eight countries — Albania, Belarus, Bosnia, Central Asia, Liberia, Middle East, Moldova, and Nigeria.

Shoebox gifts are distributed through a network of trained ministry partners who work with local churches to identify children in need and organise distribution events. In 2021 and 2022, ministry partners adapted activities around distributing shoebox gifts to take into account COVID-19 restrictions and prioritise 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 increased by 25% to £10.47m (2021: £8.37m). This was mainly due to the increase in the number of donated gift-filled shoeboxes, increasing gift in kind income to £4.68m (2021: £3.79m) and increase in underlying cash donations and legacies to £5.56m (2021: £3.86m).

As a consequence of the above, expenses increased by 14% to £9.06m (2021: £7.95m) as a result of a higher valuation of OCC shoeboxes distributed and increased spending on disaster response. Spending on charitable activities was £8.21m (2021: £7.19m) being 90.6% of total spend. At the end of the year, total funds stood at £4,491k (2021: £3,075k), of which £1.37m (2021: £656k) was unrestricted and undesignated. Full details of the financial activities are given in the attached financial statements.

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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 2023 is £705k to £1,057k. The year-end balance was £1.37m which is above the required limited. This limit has been exceeded due to timing of donations received towards our response to the Ukraine crises.

At the end of the year, the designated reserves were £1,624k (2021: £1,689k). 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 £1,657k (2021: £729k) 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.

A SIGNIFICANT TEAM OF VOLUNTEERS SUPPORT SPI'S OPERATION CHRISTMAS CHILD PROGRAMME.

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TRUSTEES’ REPORT

USE OF VOLUNTEERS

SPI is supported by a significant team of volunteers, who are viewed as essential partners working across all areas of charitable activities during the year, performing a number of valuable administrative and support roles. In particular, many of these volunteer roles support 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. In addition to the dedicated team of 99 year-round volunteers, an estimated 5,714 people volunteered during the peak time of OCC in the 2021/2022 season (based on: 2,664 volunteers in processing centres, 52 collections coordinators, 353 drivers, and 2,645 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 ministry 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 strives to be a leader in international relief programming, with professional capabilities which are magnified by our faith and multiplied by the local church. In 2022, SPI 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

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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.

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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. This was the case as of 31st March 2022.

The Charity owns the share capital of a trading company, Samaritan’s Purse (Trading) Limited 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.

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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 2021/22, 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 within 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.

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TRUSTEES’ REPORT

RISK MANAGEMENT — CONTINUED

The Key Risks identified and the Strategies to mitigate the risks are:

Risks Strategy to mitigate
1. Inadequate or low reserves • Priority given to promotion of General Funds and use of Gift Aid,
• 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		 • Improved communications regarding wider projects, especially
Disaster Response,
• Continued 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.

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RISK MANAGEMENT — CONTINUED

BREXIT

The Charity has not been unduly impacted by the UK leaving the European Union. The charity did experience increased difficulty in exporting shoebox gifts, including the transfer of shoeboxes from Northern Ireland into mainland UK, but the Logistics Team were able to resolve these initial problems and all exports we completed in a timely manner. The trustees do not expect any significant impact on the sustainability of the charity or on its ability to continue to meet its charitable aims.

COVID–19

The charity continued to fully comply with the UK government regulations with respect to the COVID-19 pandemic. This included the implementation of a number of operational changes, including but not limited to the use of home working and increased hygiene practices in our facilities. Along with the rest of the country, the charity celebrated the removal of all such regulations in February 2022 and looks forward to returning to more normal operational patterns in the coming months.

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.

UKRAINE

Following the Russian invasion of Ukraine on 24[th] February 2022, Samaritan’s Purse International stood up an Incident Management Team to begin planning relief support for those affected by war. Samaritan’s Purse has an extensive network of churches and ministry partners in the Ukraine due to the vast amount of Operation Christmas Child activity over the past three decades. Within a few weeks of the invasion, SPI deployed a Disaster Assistance Response Team into the Ukraine, Moldova and Poland with medical and emergency aid for those fleeing the war. This disaster is proving to be the largest disaster response in history for the SPI as we continue to offer field hospitals, thousands of tonnes of food and other relief items.

20 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

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TRUSTEES’ REPORT

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. 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.

CONTINUED >

2022 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 21

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TRUSTEES’ REPORT

FUNDRAISING — CONTINUED

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 >

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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 24[th] October 2022 and signed on its behalf by:

James Barrett, Chair

2022 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 23

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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 31st March 2022 which comprise the 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).

In our opinion, the financial statements:

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 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.

24 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

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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:

2022 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 25

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AUDITOR’S REPORT

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the trustees’ responsibilities statement set out on page 22-23 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 funds, income recognition (which we consider to be pinpointed to the cut-off assertion) and significant one-off or unusual transactions.

CONTINUED >

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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:

Nicola Wakefield (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: 17 November 2022

2022 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 27

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

FINANCIAL STATEMENTS AND NOTES

STATEMENT OF FINANCIAL ACTIVITIES

(Including income and expenditure account) For the year ended 31[st] March 2022

Unrestricted Restricted 2022 Unrestricted Restricted 2021
Note funds funds Total funds funds Total
£ £ £ £ £ £
INCOME FROM:
Cash donations and legacies 3 1,446,449 4,117,502 5,563,951 689,510 3,166,084 3,855,594
Gift in kind 4 - 4,681,381 4,681,381 - 3,794,193 3,794,193
Charitable Activities:
Grants received 5 110,707 110,905 221,612 155,517 564,432 719,949
Trading Activities
Merchandise sales 327 - 327 1,467 - 1,467
Investment Income
Bank interest 284 - 284 157 - 157
Other 1,850 4,621 6,471 1,800 - 1,800
Total Income: 1,559,617 8,914,409 10,474,026 848,451 7,524,709 8,373,160
Expenditure on:
Raising funds 6 514,251 335,979 850,230 413,241 335,083 748,324
Charitable activities: 7
Emergency response 271,332 818,363 1,089,695 203,158 622,014 825,172
Integrated programmes:
Long term development 125,853 377,081 502,934 97,987 290,799 388,786
Operation Christmas Child 275,524 6,201,271 6,476,795 356,665 5,474,299 5,830,964
Medical Response 8,356 27,706 36,062 - - -
Other - - - 5,409 25,770 31,179
The Greatest Journey 25,195 75,989 101,184 30,440 93,200 123,640
706,260 7,500,410 8,206,670 693,659 6,506,082 7,199,741
Total Expenditure: 1,220,511 7,836,389 9,056,900 1,106,900 6,841,165 7,948,065
Net Income/(Expenditure)
before transfers		 339,106 1,078,020 1,417,126 (258,449) 683,544 425,095
Transfers between funds 19 150,009 (150,009) - 440,571 (440,571) -
Net movement in funds 489,115 928,011 1,417,126 182,122 242,973 425,095
Reconciliation of funds:
Total funds brought forward 2,345,981 728,825 3,074,806 2,163,859 485,852 2,649,711
Total funds carried forward 2,835,096 1,656,836 4,491,932 2,345,981 728,825 3,074,806

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 19.

28 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

FINANCIAL STATEMENTS AND NOTES

BALANCE SHEET

Company number 02462257

As at 31[st] March 2022

Notes
FIXED ASSETS
Tangible assets
12
Investments
13
CURRENT ASSETS
Stock
Debtors
14
Cash at bank and in hand
CREDITORS:amounts falling due
within one year
15
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS:
FUNDS
Unrestricted funds
General fund
20
Designated fund - fxed assets
20
Restricted funds
19 & 21
TOTAL FUNDS		 £
164,106
541,494
2,581,329		 2022
£
1,624,256
2		 £
26,892
191,616
1,309,867		 2021
£
1,689,426
2
1,624,258
2,867,674		 1,689,428
1,385,378
3,286,929
(419,255)		 1,528,375
(142,997)
4,491,932
4,491,932		 3,074,806
3,074,806
1,210,840
1,624,256		 656,555
1,689,426
2,835,096 2,345,981
1,656,836
4,491,932		 728,825
3,074,806

Approved by the Board of Trustees on 24[th] October 2022, and signed on its behalf by:

James Barrett, Chair

2022 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 29

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FINANCIAL STATEMENTS AND NOTES

STATEMENT OF CASH FLOWS

For the year ended 31[st] March 2022

RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period
(as per the Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest received from investments
(Increase) in stock
(Increase)/Decrease in debtors
Increase/(Decrease) in creditors
Net cash provided by operating activities
Cash fows from operating activities:
Net cash provided by operating activities
Cash fows from investing activities:
Interest received
Purchase of equipment
Net cash used in investing 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		 2022
£
1,417,126
86,010
(284)
(137,214)
(349,878)
276,258		 2021
£
425,095
84,462
(157)
(14,312)
274,698
(47,925)
1,292,018 721,861
1,292,018 721,861
284
(20,840)		 157
(18,415)
(20,556) (18,258)
1,271,462
1,309,867		 703,603
606,264
2,581,329 1,309,867
2022
£
2,581,329		 2021
£
1,309,867
2,581,329 1,309,867

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FINANCIAL STATEMENTS AND NOTES

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31[st] March 2022

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 2019) - (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, Samaritan’s Purse (Trading) Limited, 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 £1,271,462 (2021 inflow - £703,603). 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. 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.

d) Estimates and judgements

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 >

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FINANCIAL STATEMENTS AND NOTES

ACCOUNTING POLICIES — CONTINUED

Management believe that, because of the underlying nature and value of estimates and judgments made in the preparation of these financial statements, it is highly unlikely that an error in these estimates and judgments 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.

h) Tangible fixed assets and depreciation

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:

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

The de minimis capitalisation level is £500.

CONTINUED >

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FINANCIAL STATEMENTS AND NOTES

TANGIBLE FIXED ASSETS AND DEPRECIATION— CONTINUED

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 re-measured 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.

Designated funds are amounts set aside for specific purposes as detailed in Note 18.

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 >

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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.

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

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

The address of its registered office and principal place of business is

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 INCOME FOR THE PERIOD

2022 2021
This is stated after charging: £ £
Depreciation of fxed assets 86,010 84,462
Auditors’ remuneration
- Audit fee 22,034 16,968
- Fees for non-audit services - 3,354
Operating leases 102,720 92,600

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FINANCIAL STATEMENTS AND NOTES

3. CASH DONATIONS AND LEGACIES

Emergency
response - Cash
Integrated
programmes
Long term
development
OCC - Cash
(incl. SBW)
Medical
Intervention
The Greatest
Journey		 Unrestricted
£
Restricted
Shoeboxes
£
Restricted
Other
£
2022
Total
£
Unrestricted
£
Restricted
£
2021
Total
£
-
-
1,896,420
1,896,420
-
418,724
418,724
1,446,449
-
488,027
1,934,476
689,510
404,902
1,094,412
-
1,537,685
-
1,537,685
-
2,104,972
2,104,972
-
-
20,462
20,462
-
-
-
-
174,908
-
174,908
-
237,486
237,486
1,446,449
1,712,593
508,489
3,667,531
689,510
2,747,360
3,436,870
1,446,449
1,712,593
2,404,909
5,563,951
689,510
3,166,084
3,855,594

4. GIFTS IN KIND

Integrated Programmes
Gifts in kind - shoeboxes
Gift in kind - fllers		 Restricted Shoeboxes
£
2022
Total
£
2021
Total
£
4,661,877
4,661,877
3,676,846
19,504
19,504
117,347
4,681,381
4,681,381
3,794,193

Shoeboxes donated to Operation Christmas Child 2022 have been brought into the accounts at £18.20 (Operation Christmas Child 2021 – 16.93), on the basis of an average valuation exercise conducted on the instruction of the trustees in December 2021.

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

Time given freely by volunteers is not quantifiable and has not been accounted for.

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FINANCIAL STATEMENTS AND NOTES

5. GRANTS RECEIVED

Samaritan’s Purse - USA
Coronavirus Job
Retention Scheme
Church Revitalisation
Trust
Guernsey Overseas Aid
Committee
Samaritan’s Purse -
Germany
Nordic Lutheran Aid
Other		 Unrestricted
£
Restricted
£
2022
Total
£
Unrestricted
£
Restricted
£
2021
Total
£
106,519
72,797
179,316
127,911
215,285
343,196
4,188
-
4,188
27,606
-
27,606
-
-
-
-
65,000
65,000
-
-
-
-
49,988
49,988
-
-
-
-
227,315
227,315
-
5,006
5,006
-
-
-
-
33,102
33,102
-
6,844
6,844
110,707
110,905
221,612
155,517
564,432
719,949

6. COSTS OF RAISING FUNDS

Donations
Direct fundraising costs
Direct staff costs
Other
Support costs allocated
Non Cash
Direct fundraising costs
Direct staff costs
Other
Support costs allocated		 Unrestricted
£
Restricted
£
2022
Total £
Unrestricted
£
Restricted
£
2021
Total£
156,042
36,720
192,762
160,392
35,639
196,031
120,421
25,975
146,396
79,419
36,714
116,133
89,281
10,248
99,529
77,161
19,332
96,493
148,507
17,047
165,554
96,269
24,086
120,355
514,251
89,990
604,241
413,241
115,771
529,012
-
100,373
100,373
-
67,513
67,513
-
71,002
71,002
-
69,549
69,549
-
28,015
28,015
-
36,623
36,623
-
46,599
46,599
-
45,627
45,627
-
245,989
245,989
-
219,312
219,312
514,251
335,979
850,230
413,241
335,083
748,324

36 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

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
Worldwide
Integrated Programmes
Long-term Development
— Raising Families,
Water, and Others
Operation Christmas Child
The Greatest Journey
Teams and Other
Total		 Grant
Funding £
Operational
programmes £
Donated
goods £
Support
Total £
2022
Total £
2021
Total £
392,695
425,668
-
271,332
1,089,695
825,172
350,094
26,987
-
125,853
502,934
388,786
-
1,599,653
4,601,618
275,524
6,476,795
5,830,964
-
75,989
-
25,195
101,184
123,640
27,706
-
-
8,356
36,062
31,179
377,800
1,702,629
4,601,618
434,928
7,116,975
6,374,569
770,495
2,128,297
4,601,618
706,260
8,206,670
7,199,741

8. GRANTS PAYABLE

Disaster and emergency
response
Integrated programmes
Raising Families
Water and Sanitation
Water and Sanitation
- GOAC
Medical Interventions
Other		 Unrestricted
£
Restricted
£
2022
Total
£
Unrestricted
£
Restricted
£
2021
Total
£

-
392,695
392,695
-
213,197
213,197
-
392,695
392,695
-
213,197
213,197
-
203,233
203,233
-
128,595
128,595
-
142,293
142,293
-
83,097
83,097
-
4,568
4,568
-
49,988
49,988
-
27,706
27,706
-
16,560
16,560
-
-
-
-
9,210
9,210
-
377,800
377,800
-
287,450
287,450
-
770,495
770,495
-
500,647
500,647

All grants are payable to institutions as opposed to individuals.

2022 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 37

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

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(e) and allocated as set out below:

Basis of
apportionment
Charitable
activities
Emergency
response
Long Term
Development
Operation
Christmas Child
The Greatest
Journey
Medical
Interventions
Income generation
Cash donations
and grants
Gifts in kind
Total		 Offce &
Admin
£
(Work
done)
80,438
37,310
81,680
7,469
2,476

Staff
£

(Staff)
151,721

70,373

154,065

14,087

4,674
Travel
£
(Actual)
4,432

2,056

4,501

412

136
Comms
£
(Usage)
817

379

830

76

25		 Depreciation
£
(Usage)
24,176
11,214
24,549
2,245

745
Governance
£
(Actual)
9,748

4,521

9,899

906

300
2022
Total £
271,332

125,853

275,524

25,195

8,356
209,373 394,920 11,537 2,127 62,929 25,374 706,260
49,079
13,814
92,573

26,057
2,703

762
499

140		 14,751
4,152
5,948

1,674
165,553

46,599
62,893
118,630
3,465
639		 18,903
7,622
212,152
272,266
513,550
15,002
2,766		 81,832
32,996
918,412

38 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

FINANCIAL STATEMENTS AND NOTES

10. STAFF COSTS AND NUMBERS

Staff costs were as follows:

Salaries
Temporary staff costs
Social security
Pensions
Redundancy & Settlements
 2022
£
2021
£
1,298,095
1,194,958
-
81,454
123,214
113,894
88,985
79,560
2,641
-
1,512,935
1,469,866

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		 2022
No.
2021
No.
6
4
14
18
3
8
22
20
5
5
9
6
59
61

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 £269,317 in 2021/22 (2020/21 - £247,729). 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 (2021: three)

Salary Band 2022 2021
£60,000 – £69,999 - 1
£70,000 – £79,999 2 1
£80,000 – £89,999 1 1

During the period, no staff (2021: nil) were paid redundancy costs.

2022 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 39

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

FINANCIAL STATEMENTS AND NOTES

11. TRUSTEES AND RELATED PARTIES

None of the trustees received any remuneration during the period. One trustee (2021 – nil) was reimbursed expenses to cover the cost of travel.

Mr J. Barrett, Rev. Mr R. Chilvers, Mr J. Gallagher, Rev. W. F. Graham, Mr P. Saber, Mrs C. 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 £344,550 (2021 - £410,538). At the year end, a balance of (£8,644) (2021 - £57,581) was due to BGEA.

Trustees made unrestricted donations of £560 in 2022 (2021 - £410) to the organisation.

Debtors includes a balance of £Nil (2021: £27,815) due from Samaritan’s Purse (Trading) Limited, formerly Operation Christmas Child Limited.

Sales amounted to £66,999 (2021: £34,093) and purchases from Samaritan's Purse Trading Limited were £88,992 (2021: £19,091).

12. TANGIBLE FIXED ASSETS

COST
At 1 April 2021
Additions
Disposals
At 31 March 2022
DEPRECIATION
At 1 April 2021
Charge for the period
Disposals
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021		 Freehold Property
£
1,953,352
-
-		 Fixtures, fttings
and equipment
£
337,892
20,840
(15,798)
Total
£
2,291,244
20,840
(15,798)
1,953,352 342,934 2,296,286
441,344
26,067
-		 160,474
59,943
(15,798)		 601,818
86,010
(15,798)
467,411 204,619 672,030
1,485,941 138,315 1,624,256
1,512,008 177,418 1,689,426

All assets are held for charitable use.

40 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

FINANCIAL STATEMENTS AND NOTES

13. FIXED ASSET INVESTMENTS

Fixed asset investments of £2 represent the cost of the entire issued capital of a trading company, Samaritan’s Purse (Trading) Limited, formerly Operation Christmas Child Limited (OCC Ltd), registered in England and Wales. For the year ended 31[st] March 2022 the aggregate amount of capital and reserves was £6,318 (2021: £2,469). During the year, the Company made a retained profit of £6,318 (2021: £2,467).

14. DEBTORS

Other debtors
Amounts due from subsidiary undertakings
Prepayments
Value Added Tax recoverable		 2022
£
2021
£
394,603
66,572
-
27,815
104,807
47,539
42,084
49,690
541,494
191,616

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Other creditors
Social security and taxation
Accruals
Deferred Income		 2022
£
2021
£
89,858
61,009
22,172
1,578
49,284
43,070
247,156
37,340
10,785
-
419,255
142,997

16. 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		 2022
£
394,493		 2021
£
94,387
112,030 62,587

Financial liabilities comprise the total of trade creditors and other creditors.

2022 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 41

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

FINANCIAL STATEMENTS AND NOTES

17. 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 are:

Pension Costs - Restricted Funds
Pension Costs - Unrestricted Funds		 2022 £
2021 £
37,596
38,943
51,389
40,617
88,985
79,560

18. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fund balance at 31[st] March 2022 are represented by:

General Unrestricted Restricted Total
2022 Designated 2022 2022
£ 2022 £ £
£
Tangible Fixed Assets - 1,624,256 - 1,624,256
Investments 2 - - 2
Current assets 1,630,093 - 1,656,836 3,286,929
Creditors due in less
than one year (419,255) - - (419,255)
Total 1,210,840 1,624,256 1,656,836 4,491,932

Fund balance at 31[st] 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

CONTINUED >

42 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

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 less outstanding mortgage loan. The figure at 31[st] March 2022 was £1,624,256 (2021 - £1,689,426).

19. ANALYSIS OF MOVEMENT IN FUNDS

General Unrestricted Unrestricted Restricted Total
£ Designated £ £
£
At 1 April 2021 656,555 1,689,426 728,825 3,074,806
Income 1,559,617 - 8,914,409 10,474,026
Expenditure (1,220,511) - (7,836,389) (9,056,900)
Reallocation between funds 215,179 (65,170) (150,009) -
At 31 March 2022 1,210,840 1,624,256 1,656,836 4,491,932
0. MOVEMENT IN UNRESTRICTED FUNDS
Opening Income Expenditure
Transfer		 Closing
Balances Balances
Designated: £ £ £ £ £
Fixed assets 1,689,426 - - (65,170) 1,624,256
General reserves 656,555
1,559,617		 (1,220,511) 215,179 1,210,840
2,345,981
1,559,617		 (1,220,511) 150,009 2,835,096

20. MOVEMENT IN UNRESTRICTED FUNDS

2022 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 43

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

FINANCIAL STATEMENTS AND NOTES

21. 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
£
151,699
Income
£
1,898,923
Expenditure
£
818,363
Transfers (to)/
from other funds
£
(139,263)		 Closing
balances
£
1,092,996
151,699 1,898,923 818,363 (139,263) 1,092,996
125,140
239,802
4,568
2,282
16,181
9,593		 251,528
248,063
-
15,892
22,965
5,646		 220,868
142,674
4,568
8,971
27,706
-		 (24,019)
(28,385)
-
(9,203)
-
(8,971)		 131,781
316,806
-
-
11,440
6,268
397,566 544,094 404,787 (70,578) 466,295
161,778
17,782		 1,790,011

4,681,381		 2,011,621
4,601,618		 59,832
-		 -
97,545
179,560 6,471,392
6,613,239		 59,832 97,545
728,825 8,914,409 7,836,389 (150,009) 1,656,836

CONTINUED >

44 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

FINANCIAL STATEMENTS AND NOTES

RESTRICTED 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.

Donated Shoeboxes and fillers — 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 to/from other funds is to cover the direct and indirect support given to programmes by the charity using an objective cost allocation methodology. None of the funds transferred from any project will be used to support other projects. In the year to March 2022, OCC and Protection did not generate sufficient funds to cover all of its direct and indirect costs, therefore a nil balance is carried forward.

During the period amounts totalling £59,832 (2021 - £nil) were needed to make a number of projects financially viable.

There was a nil charge during the period (2021 - £319,797) to restricted funds to cover related costs of administration, management and overheads due to the treatment of gift aid to general funds.

2022 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 45

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

FINANCIAL STATEMENTS AND NOTES

22. OTHER FINANCIAL COMMITMENTS

At 31[st] March 2022 the charity had total commitments under non-cancellable operating leases as follows:

2022 Other 2021 Other
Landing Landing
& Buildings & Buildings
£ £ £ £
Less than one year 73,677 29,043 73,667 18,923
Between two and fve years 36,839 59,105 110,516 63,762

23. 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

Docusign Envelope ID". E137EE5A-11684A75-9B1A-5FFC97191 E17

DocuSign Envelope ID: E137EE5A-1168-4A75-9B1A-5FFC97191E17

48 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

©2022