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2024-03-31-accounts

TRUSTEES' REPORT & FINANCIAL STATEMENTS 2024

S A M A R I T A N ’ S P U R S E I N T E R N A T I O N A L L T D 2024 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 1 C O M P A N Y R E G I S T R A T I O N N U M B E R 0 2 4 6 2 2 5 7

CHARITABLE COMPANY INFORMATION

TRUSTEES

Mr P. Saber (Chair) Mr D. C. Allen Mr D. E. Beroth Mr E. Graham Mr S. P. Herbert Mr M. Littlejohn

Ms D. Pierce

CONTENTS

1. Charitable Company Information 3.
2. Trustees' Report 4.
3. Independent Auditor’s Report 28.
4. Financial Statements and Notes for the year ended 31st March 2024 34.

EXECUTIVE DIRECTOR Mr D. Tosh COMPANY SECRETARY Mrs E. V. Iwu COMPANY REGISTRATION NUMBER 02462257 CHARITY REGISTRATION NUMBERS 1001349 and SC039251

PRINCIPAL ADDRESS

AUDITORS

& REGISTERED OFFICE 6100 Richardson Way, Crosspoint Business Park, Coventry, CV2 2TA

Forvis Mazars LLP 2nd Floor, 6 Sutton Plaza, Sutton Court Road, Sutton, 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

EMERGENCY RELIEF —

TRUSTEES’ REPORT

The trustees, who act as directors for the purposes of company law, present their report and financial statements for the year ended 31st March 2024, which have been prepared in accordance with the Financial Reporting Standard FRS102 and the associated Charity Statement of Recommended Practice 2019.

Strategic Report Purpose, Activities, Achievements and Performance Objects and Principal Activities

In accordance with the Memorandum and Articles of Association, charitable objects of Samaritan’s Purse are:

Samaritan’s Purse is a non-profit, Christian organisation providing church support and emergency relief and development assistance to suffering people around the world. 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 the USA, UK, Canada, Australia, Korea 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.

INTERNATIONAL DISASTER RESPONSE (IDR) 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,

SAMARITAN'S PURSE SHELTER VILLAGE PROVIDED FOR THOSE WHO LOST THEIR HOMES FROM THE EARTHQUAKE

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.

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INTERNATIONAL PROGRAMMES EMERGENCY RELIEF FOR SUDDEN ONSET CRISES

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TURKEY EARTHQUAKE RESPONSE
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A major focus in 2023/24 was providing continued support for those affected by the conflict in Ukraine and for refugees within Europe now that the war has entered its third year. Additionally, SPI continued to respond to protracted crises while also supporting community development through WASH projects, savings groups, livelihoods, livestock, and medical/health programmes. Over the past year, SPI supported 39 international projects in 23 countries:

Afghanistan, Cambodia, Chad, Democratic Republic of the Congo (DRC), Ethiopia, India, Liberia, Moldova, Mongolia, Nepal, Nigeria, Pakistan, Philippines, Poland, Romania, South Sudan, Sri Lanka, Syria, Turkey, Vietnam, Yemen, and Zambia. All assistance, whether developmental or emergency relief, is given without prejudice and irrespective of background, religion, political affiliation, gender, sexual orientation, age, or ethnicity.

FLOODING AFTER THE KAKHOVKA DAM COLLAPSE

After back-to-back earthquakes rocked Turkey and Syria killing tens of thousands and wounding over one hundred thousand more, Samaritan’s Purse responded immediately with relief supplies and an Emergency Field Hospital to aid survivors.

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EMERGENCY RELIEF FOR SUDDEN NATURAL DISASTERS

Since 1st April 2023, two more UK DART members were deployed to Turkey in response to the earthquake that took place in February last year— giving a total of 11 UK DART members deployed for this effort.

As an international organisation, Samaritan’s Purse’s medical response to the Turkey disaster has become the largest in its history. In total, we were able to treat 8,295 patients and perform 270 surgeries, as well as supplying over 7,000 tents, 80,000 hygiene kits, and nearly 40,000 food boxes to Turks and Syrian refugees in seven major cities. Maternity/newborn hygiene and feminine hygiene specialty kits were also distributed.

In October 2023, Hurricane Otis tore through Acapulco, Mexico after rapidly intensifying from a tropical storm to a Category 5 hurricane over a 24-hour period. Acapulco’s 900,000 inhabitants were left devastated, with 48 deaths and damage to over 273,000 homes and 80% of the city’s hotels. The people of Acapulco and surrounding areas were left in critical need of food, shelter, and water.

TURKEY EARTHQUAKE RESPONSE - A FAMILY RECEIVES SHELTER

In response, Samaritan’s Purse deployed five UK DART members, contributing to a " Carry each other’s

global total of 75 in the DART team. Within Mexico, Samaritan’s Purse burdens, and in repaired 107 homes and 30 churches. We equipped 10,295 households with this way you will water filters/buckets, installed 14 major water purification systems in affected fulfill the law of communities, and generated over

711,000 litres of clean drinking water. Christ." We distributed 1,422 hygiene kits, nearly 8,000 tarps and 242,614 lbs of food. GALATIANS 6:2

MIDDLE EAST

On 7th October 2023, the Palestinian militant group known as Hamas launched a surprise attack on Israel from the Gaza Strip. Militants infiltrated Israeli territory by land, sea, and air, firing over 2,000 rockets and storming blockaded areas. After decades of conflict and violence, this attack was the deadliest day for Israel since the Holocaust. Prime Minister Netanyahu vowed retaliation and declared war on Hamas.

TURKEY EARTHQUAKE RESPONSE

Since Hamas’s attack on 7th October and the ensuing war, at least 1,200 people have been killed in Israel and more than 3,000 have been injured.

In Gaza, the health ministry has reported that more than 15,000 people have been killed. Hamas has captured at least 203 hostages, including soldiers and innocent civilians—110 of which were released during a week-long cease-fire beginning on 24th November. In response to the ongoing war, Samaritan’s Purse has deployed its staff to Israel where they

have been supporting local partners in bringing relief to those displaced by the recent brutal attacks.

SUDAN

Following local violence, Sudanese refugees fled to Chad, and Samaritan’s Purse were able to support the provision of 95 tonnes of food in 2,500 kits.

SYRIA

In response to attacks by activists in northeast Syria, we supported local churches to help them integrate displaced Syrians into the local community. The church also offered spiritual development through discipleship, as well as support for children and their caregivers who were in detention and rehabilitation centres.

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Turkey Earthquake
Response IN TOTAL:
8,295
patients treated
270
surgeries performed
7,000+
tents supplied
80,000
hygiene kits
40,000
food boxes
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EMERGENCY RELIEF FOR PROTRACTED CRISES

Samaritan's Purse International continues its support for several ongoing needs:

AFGHANISTAN

Samaritan’s Purse provided food and cash aid for displaced Afghans who had to flee to Pakistan. Education and livelihood support continued for girls and lowincome women.

TURKEY

Following the earthquake, ongoing provision of necessities including food, tents, heating material, rent, hygiene kits, and medical needs were supplied for refugees through churches in Turkey. Toilet and lighting repairs were also made for local communities affected by the earthquake. In partnership with the Germany and Canada office, Samaritan’s Purse UK provided 35,754 hygiene kits.

SRI LANKA

Educational scholarships were continued for children who were injured or who lost family members in the Easter 2019 bombing.

UKRAINE

Through partners in Moldova, Poland, and Romania, over 2,000 Ukrainian refugees were supported through the provision of food, housing, trauma counselling, local culture integration training, medicines, and vocational training.

YEMEN

This financial year saw the completion of the Health Clinic, built in partnership with Guernsey Overseas Aid and Development Commission (GOADC). This clinic offers care for vulnerable populations (children, pregnant women, IDP’s and the disabled) in Wadi Al Agaab—a community of around 3,800 people.

ETHIOPIA

Following conflict in Tigray, over 1.9 million people were forced to flee their homes. Samaritan’s Purse previously supported a project constructing, rehabilitating, and installing water systems, latrines, bathing facilities, and handwashing stations in two IDP sites. Now, we are continuing this work by providing agricultural interventions, income generating activities, and trauma counselling. Through another project, we are also working with local churches to offer conflict-affected children a safe haven—helping them experience a restored sense of safety. This project is also providing vulnerable women with employment as well as food.

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COMMUNITY DEVELOPMENT THROUGH CHURCH-BASED PROGRAMMING

Through church partnerships, SPI were able to fully or partially fund Water, Sanitation, and Hygiene (WASH) projects, Construction, and Livelihoods projects that sought to meet the needs of vulnerable communities around the world.

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ZAMBIA - RAISING FAMILIES
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LIVELIHOODS

The Livelihoods programme in Zambia started in 2017 with the aim of helping participating churches raise quality of life amongst vulnerable adults and children in their local communities.

Building on the established church cooperatives and a federation to support and sustain the church network, the latest phase is providing financial training to beneficiaries. Since last year, the number of women’s savings groups and self-help groups has increased from 121 to 150— with a total of 3,500 women participating.

CLEAN WATER

Samaritan’s Purse is supporting eight Water, Sanitation, and Hygiene (WASH) projects that continue to be an effective way of supporting vulnerable communities. The projects are supplying safe water and reducing water borne illnesses in Uganda, Nepal, Nigeria, DRC, Philippines, and Cambodia.

In Cambodia, we have provided bio-sand filters (BSF) to households following the drilling of boreholes and laying a network of waterpipes—this initiative has

benefitted over 12,000 people.

In partnership with GOADC we have also provided safe water access, latrines, showers, and waste areas – including incinerators, waste, ash pits, and grinding boxes – all of which have been provided to reduce the rate of waterborne diseases. In addition, training has been delivered in Community-Led Total Sanitation, as well as general hygiene education.

Also in Cambodia, WASH was part of two multi-sectoral intervention programmes, alongside Maternal Health and Nutrition (MHN), Infant and Young Child Feeding (IYCF), and Early Childhood Development support. These programmes benefited nearly 4,000 beneficiaries in one area and over 14,000 in another.

CONSTRUCTION

In support of persecuted communities in Nigeria, Samaritan’s Purse conducted a WASH programme, providing two boreholes and clean water access for over 1,000 people, as well as Ventilated Improved Pit (VIP) latrines for 100 households.

We have also supported the construction of three safe and child-friendly primary schools, to help address the issue of unsafe migration in the country. Alongside the construction, we have supported the training of teachers to help them provide a good standard of education, improving opportunities for local children.

Additionally, we provided a Social Work Centre in Ho Chi Minh, Vietnam, which is a city with a lot of street-children who have very few opportunities to learn new skills. Through the Centre we have been able to support outreach programmes to these children which nurture and equip them for life in a safe and thriving environment.

Another multi-sectoral programme including WASH was carried out in Uganda. This work included the construction of two boreholes, a miniirrigation scheme for local farmers, and the provision of latrines, as well as supplying livestock (100 goats), livelihood assets (fruit trees), and grants for vocational skills training.

“This savings group has come to bring hope for small scale farmers like me.” – MARY, A BENEFICIARY OF OUR LIVELIHOODS PROJECT IN ZAMBIA

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SHORT-TERM Samaritan’s Purse supported three medical mission programmes during the MEDICAL 2023/24 year. Funding was provided to MISSIONS support cleft lip and cleft palate missions providing surgery for up to 84 individuals in South Sudan, as well as support

for eye cataract surgeries in Liberia for 177 patients who would otherwise not have access to this treatment. In Mongolia, we also provided support for children to receive life-saving surgeries for congenital heart defects.

MISSIONAL ACTIVITIES OPERATION CHRISTMAS CHILD

MONGOLIA - CHILDREN'S HEART PROJECT

In 2023/24 the total number of shoebox gifts donated was 237,735 (down 5.7% on 2022/23). This will have been influenced by multiple factors.

Firstly, the rising cost-of-living continues to make the UK a demanding environment for all charities engaged in fundraising.

UKRAINE - OPERATION CHRISTMAS CHILD

Secondly, the relocation to, and refurbishment of, Samaritan’s Purse UK’s new headquarters in Coventry affected key resources required for generating shoebox numbers—such as reduced staff capacity and delayed launch of the new website. The latter – which contained a refreshed Build A Shoebox Online (BASBO) area – ended up going live after the OCC campaign had finished, which made it difficult to reach the BASBO growth goals. In the end, the donations to the BASBO programme produced 27,141 gift boxes (down 12% on 2022/23).

It's worth noting that the relocation to Coventry did generate some positive engagement from local churches and ministries. However, this came too close to Christmas to significantly increase shoebox numbers.

Shoebox gifts or financial donations were made by at least 2,008 churches of all major denominations, 321 schools (from infants to university), and 289 other community groups. The true numbers are likely to be even higher than this, however the complexity of our collection network makes it challenging to gather exact figures.

Shoebox gifts were received by 1,018 Drop-off Locations during National Collection Week (13-20 November 2023). Collections were then arranged by 294 volunteers who transported shoeboxes to two major processing centres in Coventry and Tonbridge that operated for four weeks and three weeks respectively. A further four pop-up processing centres ran for just one week each. Additionally, the National Ministry

Centre (NMC) in Coventry also fulfilled all online shoebox gifts.

An overall total of 3,625 volunteers were involved in checking and exporting the shoebox gifts, as well as making up the BASBO boxes in a processing season that was largely completed by 16 December. At the NMC specifically, in its first year of operations, 1,451 volunteers processed 72,028 traditional shoeboxes and fulfilled 37,221 BASBOs (27,141 for UK donors and 10,000 for donors to Samaritan’s Purse Korea). This was a substantially increased outcome compared to 2022/23, when 652 volunteers processed 38,864 shoeboxes at a temporary Coventry processing centre.

The pop-up processing centres continued to be effective in offering volunteering

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experiences to a great 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 and leader volunteers that were local to these areas, with a view to encourage 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 renewed growth in 2024.

The negative impact of the cost-of-living crisis on charitable giving was mitigated by the engagement activities of OCC field ministry staff and Connect Volunteers. Together, these connected with 1,362 lapsed or prospective donor organisations (including 943 churches). They also made support calls or visits to 2,332 organisations (including 1,607 churches) who already participate in OCC, in order to encourage their continued support. This work included 18 project leader workshops around the UK in September to support OCC advocates in their churches and groups.

The mission of Operation Christmas Child is to share God’s love in a tangible way with children in need around the world, and together with the local church worldwide, to spread the Good News of Jesus Christ. Shoebox gifts collected in the UK in 2023/24 were exported and reached children in ten countries: Albania, Bosnia, Moldova, Nigeria, Romania, Serbia, Ukraine, and three other countries in Eastern Europe, Central Asia and the Middle East respectively, that cannot be named for security reasons.

Shoebox gifts are distributed through a network of trained ministry partners who work with local churches. Together, they identify children in need and organise community outreach events at which shoebox gifts are given out.

Additionally, OCC was promoted at multiple large-scale events, including the Billy Graham Evangelistic Association’s God Loves You Tour with Franklin Graham in London, August 2023. OCC also sponsored the Northern Ireland Elim denominational conference, and sent an exhibition team and connected 237,735 with leaders at the annual conferences of Assemblies of God, Elim UK, New shoeboxes Testament Church of God, and also at the were donated Christian Resources Exhibition (Solihull) in 2023/24 and Moray Coast Convention.

WEST AFRICA - OPERATION CHRISTMAS CHILD

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FINANCE REVIEW RESERVES INVESTMENTS

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 2025 is £667k to £1,000k. The year-end balance was £3.28m which is above the required limited. This limit has been exceeded due to the reclassification of a fixed asset to an asset held for sale.

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 despite the ongoing economic and regulatory challenges. 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.

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

Samaritan’s Purse was supported by a significant team of volunteers, who are viewed as essential partners working across all areas of its charitable activities during the year, performing a number

Income increased by 5% to £12.51m (2023: £11.87m). This was largely due to the donor response towards the emergency crisis relief and grant support by IHQ. Gift in kind income increased to £4.89m (2023: £4.36m) and underlying cash donations and legacies decreased to £3.99m (2023: £5.69m)

At the end of the year, the designated reserves were £2,226k (2023: £1,609k). 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.

Expenses decreased by 17% to £9.66m (2023: £11.67m). Spending on charitable activities was £8.62m (2023: £10.64m) being 89.3% of total spend. At the end of the year, total funds stood at £7,540k (2023: £4,693k), of which £5.50m (2023: £2.82m) was unrestricted and undesignated. Full details of the financial activities are given in the attached financial statements.

Restricted reserves were £2,035k (2023: £1,872k) 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.

PHILIPPINES - THE GREATEST JOURNEY

USE OF VOLUNTEERS

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 not performed by volunteers, require the employment of paid personnel. We are incredibly grateful for the support of volunteers who enable monetary donations to go further and enhance both the reach and impact of the ministry by their presence and service.

In addition to the dedicated team of 99 year-round volunteers, an estimated 5,461 people volunteered during the peak time of OCC (based on: 3,625 volunteers in processing centres, 55 collections coordinators, 239 drivers, and 1,542 drop-off location leaders). We also have a team of volunteers that support basic administration, communications, and fundraising activities in the head office. The time given by these volunteers is extremely valuable in helping us achieve our objectives and reducing costs for their respective areas.

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FUTURE STRATEGY AND VISION

As a leader in the crisis response sector, SPI remains committed to sharing the Good News of Jesus Christ through our relief and development work.

• We will expand our medical capacity to increase the impact we had through the Emergency Field Hospitals which served thousands of patients in Antakya, Turkey, and multiple locations in Ukraine. This capacity includes the recruitment and training of medical staff and the provision of medical equipment and supplies

The organisation continues to grow as an multiple locations in Ukraine. international leader in the provision of aid This capacity includes the to those affected by war, disease, famine, recruitment and training of medical and poverty, as exemplified by the largestaff and the provision of medical scale response to the famine in Sudan and equipment and supplies crisis care in Ukraine. Samaritan’s Purse • We will resource churches in Europe, will continue to champion the local church Africa, and Asia to share the Gospel in the UK and abroad, and its passionate through development projects, The declaration of the Gospel through Greatest Journey and Operation increased partnership and support. Christmas Child.

It’s our vision to see transformation:

With boldness:

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ARMENIA - MEDICAL MINISTRIES
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MANAGEMENT, STRUCTURE AND GOVERNANCE

In 2023, SPI updated our Articles of Incorporation, moving to a sole membership model where the US charity, Samaritan’s Purse International Relief, is the sole member. The Charity is ultimately managed by The Board of Trustees.

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.

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:

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, Mrs E. Iwu as Finance Director, Mr N. Cole as Director of Operation Christmas Child UK, Mrs V. Machin as Director of Human Resources, Mr G. Crosby as Director of Information Technology, and Mr J. Brazier as Director of Ministry Advancement.

• A Governance Committee meets UK, Mrs V. Machin as Director of Human no less than three times per year Resources, Mr G. Crosby as Director of and is responsible for the process Information Technology, and Mr J. Brazier of board governance both from as Director of Ministry Advancement. a compliance, and performance perspective. As part of this remit the Committee also takes on the role of The Charity owns the share capital of a trading company, Samaritan’s Purse ‘Safeguarding Lead’ on behalf of the board. To that end all members of this (Trading) Limited whose directors are Committee have received enhanced chosen by the trustees of the Charity. Safeguarding training in order to prepare and equip for the complexity KEY MANAGEMENT and breadth of any potential PERSONNEL Safeguarding issue that may arise in protecting not only the vulnerable but all beneficiaries, staff and those we All salaries are benchmarked using a come into contact with in the course variety of sources, including current/ of our charitable activities. recent competitive advertised salaries,

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.

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

RELATIONSHIPS WITH OTHER ORGANISATIONS AND CONNECTED CHARITIES

CAMBODIA - WATER FOR FAMILIES

The Charity updated it's Articles of Incorporation in 2023, moving to a sole member model where Samaritan's Purse USA is the sole member of the board. The Charity has an ongoing working relationship with Samaritan's Purse 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 6100 Richardson Way, Crosspoint Business Park, Coventry, CV2 2TA.

Common directors/trustees with BGEA UK include Mr P. Saber, Mr M. Littlejohn, Mr D. Allen, Mr D. Beroth, Mr S. Herbert, and Mrs D. Pierce.

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

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THE GOVERNANCE RISK MANAGEMENT CODE

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:

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 wellmanaged 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.

During 2023/24, 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.

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 flow
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” identified 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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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.

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:

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 14th August, 2024 and signed on its behalf by:

Mr P. Saber (Chair)

Paul Saber

Paul Saber (Sep 13, 2024 09:59 EDT)

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AUDITOR’S REPORT

AUDITOR’S REPORT

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

OPINION

BASIS FOR OPINION

We have audited the financial statements of Samaritan’s Purse International Limited (the ‘charity’) for the year ended 31st March 2024 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).

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.

In our opinion, the financial statements:

CONCLUSIONS RELATING TO GOING CONCERN

OTHER INFORMATION

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.

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.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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:

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AUDITOR’S REPORT

AUDITOR’S REPORT

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:

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the trustees’ responsibilities statement set out on page 27 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 audit procedures in relation to fraud included but were not limited to:

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.

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 nondetection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. 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 sector, we considered that noncompliance with the following laws and regulations might have a material effect on the financial statements: the Charities Act 2011, tax legislation, safeguarding, pensions legislation, employment regulation, health and safety regulation, anti-bribery, corruption and fraud and anti-money laundering regulation.

We also considered those laws and regulations that have a direct effect on the preparation of the financial statements, such as The Charities Statement of Recommended Practice and the Companies Act 2006.

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.

In addition, we evaluated the trustees’ and management’s incentives and opportunities for fraudulent manipulation of the financial statements, including the risk of management override of controls, and determined that the principal risks related to posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, income recognition (which we pinpointed to the cut-off assertion), and significant one-off or unusual transactions.

To help us identify instances of non-compliance with these laws and regulations, and in identifying and assessing the risks of material misstatement in respect to noncompliance, our procedures included, but were not limited to:

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FINANCIAL STATEMENTS AND NOTES

AUDITOR’S REPORT

STATEMENT OF FINANCIAL ACTIVITIES

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 (Nov 7, 2024 16:02 GMT)

Nicola Wakefield (Senior Statutory Auditor) for and on behalf of Forvis Mazars LLP Chartered Accountants and Statutory Auditor 2nd Floor, Sutton Plaza, Sutton Court Road, Sutton, SM1 4FS

Date: 07-Nov-2024

(Including income and expenditure account) For the year ended 31[st] March 2024

Unrestricted Restricted 2024 Unrestricted Restricted 2023
Note funds funds Total funds funds Total
£ £ £ £ £ £
INCOME FROM:
Cash donations and legacies 3 1,554,764 2,432,976 3,987,740 1,450,944 4,236,792 5,687,736
Gift in kind 4 - 4,893,521 4,893,521 - 4,359,273 4,359,273
Charitable Activities:
Grants received 5 2,320,893 1,088,170 3,409,063 118,104 1,683,085 1,801,189
Trading Activities
Merchandise sales		 531 - 531 667 - 667
Investment Income
Bank interest 89,283 - 89,283 17,138 - 17,138
Other 126,338 - 126,338 2,548 3,832 6,380
Total Income:
Expenditure on:		 4,091,809 8,414,667 12,506,476 1,589,401 10,282,982 11,872,383
Raising funds 6 738,465 302,115 1,040,580 710,194 319,580 1,029,774
Charitable activities: 7
Emergency response 446,786 810,223 1,257,009 446,113 3,329,009 3,775,122
Integrated programmes:
Long term development 119,163 211,768 330,931 41,155 301,515 342,670
Operation Christmas Child 384,909 6,560,815 6,945,724 268,475 6,079,143 6,347,618
The Greatest Journey - - - 11,375 84,882 96,257
Medical Response 28,688 52,025 80,713 8,825 65,853 74,678
Other - 4,327 4,327 - 5,591 5,591
979,546 7,639,158 8,618,704 775,943 9,865,993 10,641,936
Total Expenditure: 1,718,011 7,941,273 9,659,284 1,486,137 10,185,573 11,671,710
Net Income/(Expenditure)
before transfers		 2,373,798 473,394 2,847,192 103,264 97,409 200,673
Transfers between funds 22 310,176 (310,176) - (117,929) 117,929 -
Net movement in funds 2,683,974 163,218 2,847,192 (14,665) 215,338 200,673
Reconciliation of funds:
Total funds brought forward 2,820,431 1,872,174 4,692,605 2,835,096 1,656,836 4,491,932
Total funds carried forward 5,504,405 2,035,392 7,539,797 2,820,431 1,872,174 4,692,605

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.

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FINANCIAL STATEMENTS AND NOTES FINANCIAL STATEMENTS AND NOTES

BALANCE SHEET Company number 02462257 As at 31[st] March 2024

STATEMENT OF CASH FLOWS

Notes 2024 2023
£ £ £ £
FIXED ASSETS
Intangible 12 146,135 40,110
Tangible assets 12 2,080,198 1,569,020
Investments 14 2 2
2,226,335 1,609,132
CURRENT ASSETS
Stock 330,449 166,013
Debtors 15 1,099,370 1,005,881
Short-term deposits 857,982 1,300,000
Cash at bank and in hand 1,963,854 1,013,413
Asset Held for Sale 13 1,454,933 -
5,706,588 3,485,307
CREDITORS:amounts falling due
within one year
TOTAL ASSETS LESS CURRENT
LIABILITIES		 16 (393,126) 5,313,462
7,539,797		 (401,834) 3,083,473
4,692,605
NET ASSETS: 7,539,797 4,692,605
FUNDS
Unrestricted funds
General fund 21 3,278,070 1,211,299
Designated fund - fixed assets 21 2,226,335 1,609,132
Restricted funds 20 & 22 5,504,405
2,035,392		 2,820,431
1,872,174
TOTAL FUNDS 7,539,797 4,692,605

For the year ended 31[st] March 2024

RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2024 2023
£ £
Net income for the reporting period
(as per the Statement of Financial Activities)		 2,847,192 200,673
Adjustments for:
Depreciation charges 204,008 92,672
Interest received from investments (89,283) (17,138)
(Increase) in stock (164,436) (1,907)
(Increase) in debtors (93,489) (464,387)
(Decrease) in creditors (8,708) (17,421)
Net cash provided by/(used in) operating activities 2,695,284 (207,508)
Cash flows from operating activities:
Net cash (used in)/provided by operating activities 2,695,284 (207,508)
Cash flows from investing activities:
Interest received 89,283 17,138
Purchase of Term Deposits 442,018 (1,300,000)
Purchase of equipment (2,276,144) (77,546)
Net cash used in investing activities: (1,744,843) (1,360,408)
Change in cash and cash equivalents in the reporting period 950,441 1,271,462
Cash and cash equivalents at the beginning of the reporting period 1,013,413 2,581,329
Cash and cash equivalents at the end of the reporting period 1,963,854 1,013,413
2024 2023
ANALYSIS OF CASH AND CASH EQUIVALENTS £ £
Cash at bank and in hand 1,963,854 1,013,413
Total cash and cash equivalents 1,963,854 1,013,413

Approved by the Board of Trustees on 14th August, 2024, and signed on its behalf by:

Paul Saber

Paul Saber (Sep 13, 2024 09:59 EDT)

Mr. P Saber (Chair)

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FINANCIAL STATEMENTS AND NOTES

FINANCIAL STATEMENTS AND NOTES

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st March 2024

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 £950,441 (2023 inflow - £1,271,462). 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.

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.

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

g) Investments

Investments represent the cost price of shares in its unlisted trading subsidiary, Samaritan's Purse (Trading) Limited.

h) Cash and cash equivalents

Cash and cash equivalents include interest and non-interest bearing amounts held at banks and cash at hand. Short term money deposits (32–95 days) including deposits repayable on demand and fixed term deposits are held under current assets as short term deposits.

i) 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. Freehold property has been reclassified as an asset held for sale. Sale of the property is expected to complete within the next 12 months.

Capitilised fitout costs associated with leased assets are depreciated over the lease period.

Motor vehicles straight line method over 3 – 5 years Equipment, fixtures and fittings straight line method over 3 – 8 years The de minimis capitalisation level is £500.

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FINANCIAL STATEMENTS AND NOTES FINANCIAL STATEMENTS AND NOTES

j) Intangible Fixed Assets and Amortisation

Intangible assets are held on the balance sheet at cost less accumulated amortisation and impairment losses. Computer software, including development costs, is capitalised as an intangible asset and amortised on a straight-line basis over the expected useful life of between 5 to 10 years. Impairment reviews are conducted when events and changes in circumstances indicate that an impairment may have occurred. If any asset is found to have a carrying value materially higher than its recoverable amount, it is written down accordingly.

k) 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.

l) 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 19.

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.

m) 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.

n) 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 taken to the Statement of Financial Activities.

o) Pensions

The pension costs charged in the financial statements represent the contributions payable by the company during the year.

s) 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.

p) Operating leases

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

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

6100 Richardson Way Crosspoint Business Park, Coventry, CV2 2TA.

q) Irrecoverable VAT

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

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.

r) 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.

2. NET INCOME FOR THE PERIOD

This is stated after charging: 2024
£		 2023
£
Depreciation of fixed assets 204,008 92,672
Auditors’ remuneration
- Audit fee 26,196 27,290
- Fees for non-audit services 2,170 -
Operating leases 321,558 102,720

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FINANCIAL STATEMENTS AND NOTES FINANCIAL STATEMENTS AND NOTES

3. CASH DONATIONS AND LEGACIES

5. GRANTS RECEIVED

Unrestricted Restricted Restricted 2024 Unrestricted Restricted Restricted 2023
£ Shoeboxes Other Total £ Shoeboxes Other Total
£ £ £ £ £ £
Emergency
response - - - 688,545 688,545 - - 2,169,167 2,169,167
Cash
Integrated
programmes
Long term
development		 1,554,764 - 237,811 1,792,575 1,446,449 - 339,863 1,790,807
OCC - Cash
(incl. SBW)		 - 1,449,196 - 1,302,984 - 1,497,373 - 1,497,373
Medical
Intervention - - 57,424 57,424 - - 73,377 73,377
The Greatest 157,012 157,012
Journey - - - - - -
1,554,764 1,449,196 295,235 3,299,195 1,450,944 1,654,385 413,240 3,518,569
1,554,764 1,449,196 983,780 3,987,740 1,450,944 1,654,385 2,582,407 5,687,736

4. GIFTS IN KIND

Restricted Shoeboxes 2024 2023
£ Total Total
£ £
Integrated Programmes
Gifts in kind - shoeboxes 4,685,716 4,685,716 4,245,564
Gift in kind - fillers 207,805 207,805 113,709
4,893,521 4,893,521 4,359,273

Shoeboxes donated to Operation Christmas Child 2024 have been brought into the accounts at £22.25 (Operation Christmas Child (2023 – £19.33), on the basis of an average valuation exercise conducted on the instruction of the trustees in December 2023.

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

Unrestricted Restricted 2024 Unrestricted Restricted 2023
£ £ Total £ £ Total
£ £
Samaritan’s Purse - USA 2,320,893 597,348 2,918,241 118,104 1,660,585 1,778,689
Guernsey Overseas Aid
Committee		 - 27,500 27,500 - 22,500 22,500
Other - 463,322 463,322 - - -
2,320,893 1,088,170 3,409,063 2,320,893 1,088,170 3,409,063 2,320,893 1,088,170 3,409,063 118,104 1,683,085 1,801,189

6. COSTS OF RAISING FUNDS

Unrestricted Restricted 2024 Unrestricted Restricted 2023
£ £ Total £ £ £ Total£
Donations
Direct fundraising costs 296,718 14,831 312,561 295,916 28,917 324,833
Direct staff costs 98,025 19,527 117,552 19,527 117,552 124,234 24,532 148,766
Other 138,706 13,582 152,288 13,582 152,288 115,081 13,841 128,922
Support costs allocated 205,017 20,075 225,092 174,963 20,628 195,591
738,465 69,028 807,493 710,194 87,918 798,112
Non Cash
Direct fundraising costs - 53,498 53,498 - 76,194 76,194
Direct staff costs - 65,937 65,937 - 64,642 64,642
Other - 45,863 45,863 - 36,470 36,470
Support costs allocated - 67,789 67,789 - 54,356 54,356
- 233,087 233,087 710,194 231,662 231,662
738,465 302,115 1,040,580 710,194 319,580 1,029,774

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

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FINANCIAL STATEMENTS AND NOTES

FINANCIAL STATEMENTS AND NOTES

7. CHARITABLE ACTIVITIES

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

Grant Operational Operational Operational Donated Donated Donated Support Support 2024 2023
Funding £ programmes £ programmes £ goods £ Total £ Total £ Total £ Total £ Total £
Emergency response
Worldwide 328,619 481,604 - 446,786 1,257,009 3,775,122
Integrated Programmes
Long-term Development
— Raising Families,		 192,069 19,699 - 119,163 330,931 342,670
Water, and Others
Operation Christmas Child - 1,876,097 4,685,717 384,909 6,945,724 6,347,618
The Greatest Journey - - - - - 96,257
Medical Response 52,025 - - 28,688 80,713 74,678
Teams and Other 4,327 - - - 4,327 5,591
248,421 1,895,796 4,685,717 532,760 7,361,695 6,866,814
Total 577,040 2,377,400 4,685,717 979,546 8,618,704 10,641,936
8. GRANTS PAYABLE
Unrestricted
£		 Restricted
£		 2024
Total		 Unrestricted
£		 Restricted
£		 2023
Total
£ £
Disaster and emergency
response		 - 328,619 328,619 - 1,140,360 1,140,360
- 328,619 328,619 - 1,140,360 1,140,360
Integrated programmes
Raising Families - 52,503 52,503 - 102,839 102,839
Water and Sanitation - 112,066 112,066 - 140,933 140,933
Water and Sanitation
- GOAC		 - 27,500 27,500 - 22,500 22,500
Medical Interventions - 52,025 52,025 52,025 - 65,853 65,853
Other - 4,327 4,327 - 5,591 5,591
- 248,421 248,421 - 337,716 337,716
- 577,040 577,040 - 1,478,076 1,478,076

8. GRANTS PAYABLE

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:

Office & Staff Travel Comms Depreciation Governance 2024
Admin £ £ £ £ £ Total £
£
Basis of
apportionment		 (Work
done)		 (Staff) (Actual) (Usage) (Usage) (Actual)
Charitable
activities
Emergency
response 140,808 196,854 16,278 3,754 54,206 34,886 446,786
Long Term
Development 37,555 52,503 4,341 1,001 14,457 9,304 119,161
Operation
Christmas Child 121,307 169,591 14,023 3,234 46,699 30,054 384,908
Medical
Interventions 9,040 12,641 1,045 241 3,481 2,240 28,688
308,710 9,040 35,687 8,230 118,843 76,484 979,543
Income generation
Cash donations
and grants 70,940 99,176 8,201 1,891 27,309 1,891 27,309 17,576 225,093
Gifts in kind
21,364 29,868 2,470 570 8,224 570 8,224 5,293 67,789
92,304 129,044 10,671 2,461 35,533 2,461 35,533 22,869 292,882
Total
401,014 560,633 46,358 10,691 154,376 99,353 1,272,425

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2024 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 43

FINANCIAL STATEMENTS AND NOTES FINANCIAL STATEMENTS AND NOTES

11. TRUSTEES AND RELATED PARTIES

10. STAFF COSTS AND NUMBERS

None of the trustees received any remuneration during the period. 1 trustee (2023 – 1) was reimbursed expenses to cover the cost of travel.

Staff costs were as follows:

Staff costs were as follows:
2024 2023
£ £
Salaries 1,364,643 1,430,590
Temporary staff costs - 5,764
Social security 129,587 146,043
Pensions 105,400 97,143
Redundancy & Settlements 84,841 21,534
1,684,471 1,701,074

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

2024 2023
No. No.
UK project staff 8 7
UK operations staff 15 15
UK operations staff – seasonal 2 1
Office and management 20 21
Communications and fundraising 7 6
International field staff 5 8
57 58

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 UK, Director of Human Resources, Director of Information and Technology and Director of Ministry Advancement was £284,945 in 2023/24 (2022/23- £213,227). These amounts include employer’s national insurance contributions, employer’s pension contributions and life insurance contributions.

One employee received emoluments of more than £60,000 per annum in the period (2023: One).

Salary Band 2024 2023
£60,000 – £69,999 - -
£70,000 – £79,999 1 1
£80,000 – £89,999 - -

During the period, 15 staff (2023: nil) were paid redundancy costs.

Common directors with The Billy Graham Evangelistic Association Limited include Mr. P. Saber, Mr. S. Herbert, Mrs. D. Pierce, Mr. D. Beroth, Mr. M. Littlejohn and Mr. D. Allen. Net charges during the period were made in relation to shared costs from SPI to BGEA of £370,814 (2023 - £335,665). At the year end, a net balance of £94,605 (2023 - £98,571) was due from BGEA.

Trustees made restricted donations of £30 in 2024 (2023 - £15) to the organisation.

Grants received from Samaritan's Purse USA in the year totalled £2,918,241. Debtors include a balance of £414,084 due from Samaritan's Purse USA. A balance of £1,814 (2023: £11,015) is due to Samaritan’s Purse (Trading) Limited, formerly Operation Christmas Child Limited. Sales to Samaritan’s Purse (Trading) Limited amounted to £74,534 (2023 – £97,449). The value of purchases amounted to £94,323 (2023 – £86,761).

12. TANGIBLE AND INTANGIBLE ASSETS

Freehold Freehold Fixtures, fittings Fixtures, fittings Intangible Total
Property and equipment
£ £ £ £
COST
At 1 April 2023 1,953,352 356,668 40,110 2,350,130
Additions - 2,162,314 113,830 2,276,144
Disposals - (215,596) - (215,596)
Assets Held for Sale (1,953,352) (1,953,352) - - (1,953,352)
At 31 March 2024 - 2,303,386 153,940 2,457,326
DEPRECIATION
At 1 April 2023 493,478 247,522 - 741,000
Charge for the period
Disposals		 26,067
(519,545)		 170,136
(194,470)		 7,805
-		 - 204,008
(714,015)
At 31 March 2024 - 223,188 7,805 230,993
NET BOOK VALUE
At 31 March 2024 - 2,080,198 146,135 2,226,333
At 31 March 2023 1,459,874 109,146 40,110 1,609,130

All assets are held for charitable use.

The intangible assets represent the purchase cost of software system. Expenses on these assets are capitalised as incurred and amortisated using an appropriate rate of useful economic life when the asset becomes available.

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2024 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 45

FINANCIAL STATEMENTS AND NOTES FINANCIAL STATEMENTS AND NOTES

13. ASSET HELD FOR SALE

The freehold property held by the entity has been reclassified as an asset held for sale as at March 2024. This asset has been measured at the lower of the carrying amount and the fair value less cost to sell. Sale of the asset held for sale is expected to complete within 12 months of the reporting date.

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 paid into the scheme by the charity in the year, the details are:

14. 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 March 2024 the aggregate amount of capital and reserves was £5,221 (2023: £8,165). During the year, the Company made a retained profit of £5,219 (2023: £8,163).

2024 £ 2023 £
Pension Costs - Restricted Funds - -
Pension Costs - Unrestricted Funds 105,400 97,143
105,400 97,143

15. DEBTORS

15. DEBTORS
2024 2023
£ £
Other debtors 831,517 849,843
Amounts due from subsidiary undertakings - -
Prepayments 212,321 115,666
Value Added Tax recoverable 55,532 40,372
1,099,370 1,005,881

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024 2023
Trade creditors £
174,713		 £
185,123
Other creditors 10,271 8,771
Social security and taxation 41,144 53,687
Accruals 156,067 154,253
Deferred Income 10,931 -
393,126 401,834

Other creditors include a balance of £1,814 due to Samaritan's Purse (Trading) Limited

17. FINANCIAL INSTRUMENTS

2024 2023
Financial assets measured at amortised cost £
831,517		 £
849,842
Financial assets comprised the total of grants receivable and
other debtors
Financial liabilities measured at amortised cost 184,984 193,894

19. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fund balance at 31[st] March 2024 are represented by:

General Unrestricted Restricted Total
2024 Designated 2024 2024
£ 2024 £ £
£
Fixed Assets - 2,226,333 - 2,226,333
Investments - 2 - 2
Current assets 3,671,196 - 2,035,392 5,706,588
Creditors due in less
than one year (393,126) - - (393,126)
Total 3,278,070 2,226,335 2,035,392 7,539,797

Fund balance at 31[st] March 2023 are represented by:

General Unrestricted Restricted Total
2023 Designated 2023 2023 2023
£ £ £ £
Tangible Fixed Assets - 1,609,130 - 1,609,130
Investments - 2 - 2
Current assets 1,613,133 - 1,872,174 3,485,307
Creditors due in less
than one year (401,834) - - (401,834)
Total 1,211,299 1,609,132 1,872,174 4,692,605

46 | SAMARITAN’S PURSE INTERNATIONAL LIMITED

2024 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 47

FINANCIAL STATEMENTS AND NOTES

FINANCIAL STATEMENTS AND NOTES

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 and amortisation on its plant, equipment, intangible assets and premises. This is calculated as the carrying value of the fixed assets less any outstanding mortgage loan. The figure at 31 March 2024 was £2,226,335 (2023 - £1,609,132).

20. ANALYSIS OF MOVEMENT IN FUNDS

General
£		 Unrestricted
Designated		 Unrestricted
Designated		 Unrestricted
Designated		 Restricted
£		 Restricted Total
£
£
At 1 April 2023 1,211,299 1,609,132 1,872,174 4,692,605
Income 4,091,809 - 8,414,667 12,506,476
Expenditure (1,718,011) - (7,941,273) (9,659,284)
Reallocation between funds (307,027) 617,203 (310,176) -
At 31 March 2024 3,278,070 2,226,335 2,035,392 7,539,797
21. MOVEMENT IN UNRESTRICTED FUNDS
Opening Income Expenditure Expenditure
Transfer		 Closing
Designated: Balances
£		 £ £ £ Balances
£
Fixed assets 1,609,132 - - 617,203 2,226,335
General reserves 1,211,299
4,091,809		 (1,718,011) (307,027) 3,278,070
2,820,431
4,091,809		 (1,718,011) 310,176 5,504,405

21. MOVEMENT IN UNRESTRICTED FUNDS

22. RESTRICTED FUNDS SUMMARY

Opening Opening Income Income Expenditure Expenditure Transfers (to)/ Closing
balance from other funds balances
£ £ £ £ £
Emergency
Disasters & Emergency		 1,250,328 971,041 810,223 (151,030) 1,260,116
1,250,328 971,041 810,223 (151,030) 1,260,116
Integrated Programmes
Raising Families 124,443 94,069 72,202 - 146,310
Clean Water Project 381,321 137,929 107,066 - 412,184
GOAC – Medical - 27,500 27,500 - -
Protection/Women at Risk - 5,514 5,000 - 514
Medical Interventions 18,964 57,424 52,025 - 24,363
Other 4,352 299 4,327 - 324
529,080 322,735 268,120 - 583,695
Operation Christmas Child
& The Greatest Journey
Cash donations - 2,227,370 2,177,213 (50,157) -
Donated shoeboxes and
fillers 92,766 4,893,521 4,685,717 (108,989) 191,581
92,766 7,120,891 6,862,930 (159,146) 191,581
Total 1,872,174 8,414,667 7,941,273 (310,176) 2,035,392

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2024 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 49

FINANCIAL STATEMENTS AND NOTES FINANCIAL STATEMENTS AND NOTES

OCC – Gifts in kind – 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.

Disasters and emergency fund –

provides resources needed to respond to natural disasters or emergencies.

Raising Families fund/ Church based ministries – provides funds that enable local churches to help vulnerable children and families within their communities to achieve a sustainable future.

Transfers

vulnerable children and families The transfer to/from other funds is to within their communities to achieve cover the direct support given to the a sustainable future. programmes by the charity using an objective cost allocation methodology. None of the funds transferred from Clean water project – provides a lifetime of safe drinking water to any project will be used to support families in remote areas of the other projects. In the year to world. March 2024, OCC did not generate sufficient funds to cover all of its GOAC – Medical – this is a project direct costs, therefore a nil balance is carried forward.

GOAC – Medical – this is a project funded by the Guernsey Overseas Aid Committee.

During the period amounts totalling £nil (2023 - £117,929) were needed to make a number of projects financially viable as all projects has sufficient income or accumulated restricted fund balances to cover the in-year project costs.

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.

There was a charge of £310,176 during the period (2023 - £nil) to restricted funds to cover related costs of administration and overheads.

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.

23. OTHER FINANCIAL COMMITMENTS

At 31[st] March 2024 the charity had total commitments under non-cancellable operating leases as follows:

2024 Other 2023 Other
Landing
& Buildings
£		 £ Landing
& Buildings
£		 £
Less than one year 473,028 21,154 128,839 28,193
Between two and five years 2,112,139 17,601 299,000 30,917
Between six and ten years 1,174,836 - - -

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.

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2024 TRUSTEES’ REPORT & FINANCIAL STATEMENTS | 51

CROSSPOINT BUSINESS PARK | RICHARDSON WAY | COVENTRY | CV2 2TA

©2024

SP 2024 Digital Annual Report V4 - RR

Final Audit Report

2024-09-13

Created: 2024-09-13 By: Leah Boden (leah.boden@samaritans-purse.org.uk) Status: Signed Transaction ID: CBJCHBCAABAAsFMFehfqvgpwhn7Hxu2vBDkJimdmk6el

"SP 2024 Digital Annual Report V4 - RR" History

Document created by Leah Boden (leah.boden@samaritans-purse.org.uk) 2024-09-13 - 11:45:25 GMT Document emailed to Paul Saber (psaber@bgea.org) for signature 2024-09-13 - 11:45:39 GMT Email viewed by Paul Saber (psaber@bgea.org) 2024-09-13 - 11:51:54 GMT Document e-signed by Paul Saber (psaber@bgea.org) Signature Date: 2024-09-13 - 13:59:55 GMT - Time Source: server Agreement completed. 2024-09-13 - 13:59:55 GMT