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← South England Conference Of Seventh Day Adventists

2024-12-31-accounts

South England Conference of Seventh-day Adventists

Report and Financial Statements Year ended 31 December 2024

Registered Charity No. (England and Wales): 1045587

South England Conference of Seventh-day Adventists

Contents

Page
Reference and administrative details of the Charity and Advisors 1
Trustees 2
Trustees' report 3
Independent auditor's report 13
Group statement of financial activities 17
Charity statement of financial activities 18
Balance sheet 19
Cash Flow Statement 20
Notes to the Charity's financial statements 21

South England Conference of Seventh-day Adventists

Reference and Administrative Details of the Charity and List of Advisors

Charity number 1045587 Registered office 25 St John's Road Watford Hertfordshire WD17 1PZ Bankers HSBC Bank plc 73 High Street Watford Hertfordshire WD17 4RB Solicitors Anthony Collins Solicitors 134 Edmund Street Birmingham West Midlands B4 2ES Accountants Moore Kingston Smith LLP 4 Victoria Square St Albans Hertfordshire AL3 1TF Employment Advisor Citation PLC Citation House 1 Macclesfield Road Wilmslow SK9 1BZ

Page 1

South England Conference of Seventh-day Adventists

Trustees

Pastor Kirk Thomas Pastor Nathan Stickland Mrs Ann Swaby Ms Judy Clements Mr Kwasi Dankwa Ms Natalie Henry Mr Dwayne Lawson Pastor Harrison Mburani Pastor Royston Smith Stefano Bertolini Paul Thompson Sandra Golding David Santineer Warren Christian-Gillin Grzegorz Majczyk Pastor Colin Stewart Amber Best Pastor Gerald Smith Bernard Bempong Miguelle Scantlebury Pastor Kwesi Moore Serene Allen Pastor Lewis Quaye

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SOUTH ENGLAND CONFERENCE OF SEVENTH-DAY ADVENTIST

TRUSTEES� REPORT

FOR YEAR ENDING 31 DECEMBER 2024

The Trustees of South England Conference of seventh-day Adventists (SEC) present this report for the year ended 31[st] December 2024 together with the consolidated charity accounts, which have been audited by Moore Kingston Smith LLP.

This Trustees, Report is not only to full the legal and statutory requirements, but it is intended to explain the activities and future plans of this charity.

PRESIDENT

This year, the South England Conference of Seventh-day Adventists launched its new strategic plan, Go SEC: Inspired for Mission , to deepen community engagement across Southern England. The plan envisions a church that looks outward � sharing hope, promoting wellbeing, and building belonging. Through its network of congregations, the Conference continues to deliver worship services, Bible studies, youth and children�s programmes, annual camps, and primary education. Its outreach includes health education, community support, and a professional counselling service, all focused on improving lives and strengthening families. Guided by the mission Christ in our Hearts, Christ in our Homes, Christ in our Churches, Christ on our Streets , the South England Conference remains committed to meeting people where they are: spiritually, emotionally, and practically.

SAFEGUARDING

Safeguarding Training: Since the new quadrennium began in September 2023, we have trained over 2,500 members. Bespoke safeguarding training is provided for children and young people in the following areas: �The Adverse Impact of Social Media on Children and Young People�, and the �Impact of Domestic Violence on Children and Families�.

Area Days of Fellowship and, Christian Home and Marriage emphasis week: These events included local community residents. The safeguarding department actively participated in delivering awareness seminars for adult members on �The Impact of Abuse on Families�, and a bespoke programme for children on how to protect themselves and know what to do if someone tries to or causes them harm.

Guidance to Pastoral Teams: The department provides ongoing support to pastors and their safeguarding teams on navigating complex local safeguarding matters and the importance of engaging with relevant statutory agencies when required.

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SOUTH ENGLAND CONFERENCE OF SEVENTH-DAY ADVENTIST

TRUSTEES� REPORT

FOR YEAR ENDING 31 DECEMBER 2024

CORNERSTONE COUNSELLING SERVICE

In 2024, Cornerstone Counselling Service (CCS) made a profound impact on communities across the South of England and beyond by responding to a growing demand for mental health support with compassion, professionalism, and inclusivity. Through its team of 22 volunteer counsellors, CCS provided vital psychological, emotional, and spiritual care to individuals, couples, and families, regardless of background. The service extended its reach through church and community presentations, addressing pressing issues such as grief, trauma, youth anxiety, addiction, and domestic violence. CCS also played a pivotal role in raising mental health awareness during Mental Health Week, equipping attendees with practical tools and resources. Collaborations with Health ministries, family and children ministries helped in the development of educational workshops to further strengthen CCS�s community engagement. Despite resource challenges, the service�s commitment to healing and wholeness empowered many to navigate life�s di iculties with renewed hope and resilience.

COMMUNITY MINISTRIES

  1. Demonstrate Love: Serve the community by addressing spiritual, physical, emotional, and social needs.

  2. Meet Practical Needs: Identify and respond to issues such as poverty and hunger to foster holistic transformation.

  3. Equip Leaders: Provide training and development for Community Services leaders.

  4. Empower Churches: Support local churches in planning and carrying out e ective community outreach initiatives.

FAMILY AND CHILDREN�S MINISTRIES

The Family Ministries Department exists to nurture and support positive relationships among single people, couples, and families. We believe that happy, healthy individuals who build strong, positive relationships can be powerful inuences in today�s world.

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SOUTH ENGLAND CONFERENCE OF SEVENTH-DAY ADVENTIST

TRUSTEES� REPORT

FOR YEAR ENDING 31 DECEMBER 2024

We work alongside local churches to enhance the spiritual and emotional well-being of families, both within congregations and their wider communities.

Throughout the year, the department organises training for church leaders, provides resources to run the Marriage Course, and hosts marriage retreats, other retreats, camps and programmes across South of England. Believing that parents are the primary educators of their children, Family Ministries promotes initiatives that equip parents and mentors to nurture practical, personal faith in the next generation.

Children�s Ministries at the South England Conference is committed to nurturing the faith of children and helping them build a lifelong relationship with Jesus. Our mission is to inspire children to grow spiritually, emotionally, and socially in a loving, safe, and Christ-centred environment. Through creative programmes, engaging resources, and supportive leadership, we aim to empower children and their families to live out their faith actively in both church and community life.

MEN�S MINISTRY

The SEC Men�s Strategy calls every man to step boldly into a year of intentional discipleship. Built on our four pillars of Go, Serve, Evangelise, our activities were spring men�s conferences and retreats, online programmes and community prayer breakfasts and cementing brotherhood in weekly local gatherings.

PATHFINDER CLUB MINISTRIES

Pathnders Club Ministries has continued to thrive as a vibrant and transformative force in the lives of young people across our region. With 102 active clubs, the ministry has become a cornerstone of youth engagement, spiritual development, and community service.

These numbers reect more than just participation�they represent lives being shaped, leaders being formed, and communities being served.

Community Impact: �I Am a New Start� brought health education and engagement to children during school holidays. Children from the community have joined clubs permanently, a testament to the program�s welcoming and impactful nature.

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SOUTH ENGLAND CONFERENCE OF SEVENTH-DAY ADVENTIST

TRUSTEES� REPORT

FOR YEAR ENDING 31 DECEMBER 2024

As we look ahead, we do so with gratitude, hope, and a renewed commitment to nurturing the next generation of leaders, servants, and disciples.

PUBLIC AFFAIRS AND RELIGIOUS LIBERTY

VISION: to encourage freedom to worship and evangelize

MISSION: to assist the public to appreciate and celebrate gifts of Religious Liberty for all

AIM: to provide advocacy and training sessions in local settings on request

PRAYER MINISTRY

The Prayer Ministry of the South England Conference continues to serve as a vital hub of faith, hope, and community support, drawing people together in prayer, compassion, and service.

  1. Daily Morning Prayer Line � Strengthening Faith and Connection

  2. Building Spiritual and Community Leaders

  3. Responding to Personal and Family Needs

  4. Monthly Prayer and Fasting � A Rhythm of Renewal

  5. Annual Prayer Retreats � Recharging and Reconnecting

  6. Back to the Altar Initiative � Restoring Family Worship

  7. Transformations and Baptisms Through Prayer

  8. Empowering Women of Prayer and Transformation

  9. Local Church and Community Prayer Days

The Prayer Ministry continues to full its mission of building a praying, compassionate, and resilient community. Through daily intercession, leadership development, and collaborative outreach, it is meeting spiritual and emotional needs�helping individuals and families experience healing, purpose, and the transforming power of prayer.

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SOUTH ENGLAND CONFERENCE OF SEVENTH-DAY ADVENTIST

TRUSTEES� REPORT

FOR YEAR ENDING 31 DECEMBER 2024

STEWARDSHIP & TRUST SERVICES

The Stewardship & Trust Services Department supports the Conference�s charitable purpose by promoting a culture of faithfulness, generosity, and accountability that strengthens the individual, the church, the community, and the organisation of the South England Conference. Through seminars, online programmes, and mentoring leaders, the department equips members to manage their time, talents, nances, relationships, and other areas of life stewardship for the good of others - including the responsible care of the environment as part of holistic discipleship. In the past year, stewardship education has been delivered through engagement with over forty churches across our territory, area meetings, and two week-long programmes, as well as resources such as Mission in Motion and Stewardship Revival Week. These initiatives encourage a �God First� lifestyle - where spiritual growth translates into tangible acts of service, support for schools, and care for those in need. In all its activities, the department seeks to ensure that good stewardship leads to real public benet and the advancement of the gospel through service.

WOMEN�S MINISTRIES

The Women�s Ministries department is dedicated to empowering and equipping women across the community by fostering spiritual growth, leadership, and social action. Additionally, the department engaged in various outreach e orts to strengthen community connections and led the "End it Now" campaign to raise awareness against violence, particularly within their own communities.

Despite facing challenges in ensuring broad participation and overcoming resource constraints, Women�s Ministries have made signicant strides in advancing the SEC�s strategic goals. The department aims to expand its reach, make greater use of digital platforms, and align its work with the SEC�s wider mission. The past year has seen substantial growth, empowerment, and positive impact, making a lasting di erence to women and their communities.

YOUTH MINISTRIES

"Youth ministry plays a vital role in the life of the community and the mission of our charity. It provides young people with opportunities to discover their purpose, develop leadership skills, and grow in faith while serving others. From our global community

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SOUTH ENGLAND CONFERENCE OF SEVENTH-DAY ADVENTIST

TRUSTEES’ REPORT

FOR YEAR ENDING 31 DECEMBER 2024

outreach days, where this year we gathered our young people to donate blood, to our wellbeing Conference, to our sports initiative, we have found that youth serving others inadvertently serves themselves. Through mentoring, outreach, and creative programs, youth ministry helps address social and emotional needs—o�ering inspiration, hope, and belonging in a rapidly changing world. By nurturing character and compassion, it equips young people not only to make positive life choices but also to contribute meaningfully to their Church, families, communities and beyond."

Hay’s Wood Retreat

construction of 11 further lodges as per the planning permission and is due to be fully completed by mid-2025, after which a review of the site’s use and functionality for the work of the charity will be made. This is to maximize the occupancy level and subsequently give Hay’s Wood Retreat Ltd the best chance of maximising profit.

Financial review

Without our committed sta� and faithful church members, the success achieved during this extraordinary year would not have been possible. Strong leadership was provided by our 194 employees and hundreds of volunteers in local churches. Pivotal to the work of the charity during the year was the financial support of our membership, who gave a total of over £20.2m in tithes and freewill o�erings and donations to support the work. These funds were used for sta� salaries, evangelistic endeavours, humanitarian work, education, retirement benefits and the general governance and administrative operations of the South England Conference.

The Trustees consider that there is a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future and for this reason, the Trustees continue to adopt the 'going concern' basis in preparing the accounts.

The trustees have assessed the risks faced by the charity including safeguarding risks and have formulated plans to mitigate these risks.

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SOUTH ENGLAND CONFERENCE OF SEVENTH-DAY ADVENTIST

TRUSTEES� REPORT

FOR YEAR ENDING 31 DECEMBER 2024

Restricted and Unrestricted Funds and Reserves

Restricted funds are generated when the donor stipulates how their donation may be spent. ln most cases there will be a time lag between when such funds are received and when they are expended. At 31 December 2024, restricted funds for the charity totalled £12,027,900 (2023: £12,183,987).

Unrestricted funds are generated when the donor does not stipulate how their donation may be spent. Unrestricted funds include designated funds, where the Trustees have set aside monies for a specic purpose.

Tithe fund (Operating Reserves)

It is Charity policy to hold an operating reserve equal to 6 months of operating expenses. The Trustees are seeking to ensure that this policy is met by the charity. At 31 December 2024 the fund held was £6,041,981 (2023: £5,155,658).

Investment in Property Fund

At 31 December 2024, the level of the reserve for Property, Churches and School Buildings was £32,380,305 (2023: £30,434,170) and includes the assets disclosed in the notes to the nancial statements.

Unrestricted Funds

At 31 December 20234 unrestricted funds for the charity totalled £41,220,098 (2023: £38,085,271).

Operational Performance and Safeguarding the Vulnerable

The South England Conference continues to operate a policy of care for the vulnerable within its community. All employees and congregation members working with children, vulnerable adults/elderly are required to undergo a mandatory check for suitability using the Disclosure and Barring Service (DBS). Training for Child Protection is provided through online Child Safety Awareness courses and local training programmes by our �Keeping the Church Family Safe� (KCFS) coordinator.

The Trustees are condent that the South England Conference was operated in harmony with its Purpose, which as stated in its Constitution is "to proclaim and teach

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SOUTH ENGLAND CONFERENCE OF SEVENTH-DAY ADVENTIST

TRUSTEES� REPORT

FOR YEAR ENDING 31 DECEMBER 2024

the everlasting gospel". The Charity has several strategies for achieving its objectives primarily through the departments in the Conference.

Constitution

The constitution of the South England Conference of Seventh-day Adventists is periodically reviewed, and any changes presented to the Charity's general assembly (session) for adoption. The South England Conference of the Seventh- Day Adventist is a registered charity and an administrative unit of the Seventh-day Adventist church in the UK. It operates under a written constitution most recently amended on 3 September 2015.

Method of Appointment and Training of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the constitution.

New trustees are provided with copies of the Charity's constitution and a discussion is carried out in relation to the Charity. ln addition, each trustee receives a copy of the Charity Commission document �The Essential Trustee - what you need to know, what you need to do� and the regular Charity Commission Newsletters. ln addition, Trustees are provided with regular bulletins from the Churches Legislative Advisory Service.

Organisational Structure and Decision Making

The Trustees convene approximately every two months to formulate the Charity's strategy. Day-to-day operations are managed by the administrative o icers on behalf of the Trustees: namely the President, the Executive Secretary, and the Treasurer.

The Trustees have had regard to the Charity Commission�s guidance on public benet.

Related Organisations

The Charity maintains relationships with the following constituted bodies of the Seventh-day Adventist Church in Great Britain.

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SOUTH ENGLAND CONFERENCE OF SEVENTH-DAY ADVENTIST

TRUSTEES� REPORT

FOR YEAR ENDING 31 DECEMBER 2024

Risk Management

The trustees diligently manage the signicant risks to which the Charity is exposed, particularly those related to operations and nances. E orts are continually directed toward mitigating these risks through the development and implementation of e ective systems and procedures.

Reporting Serious Incidents

The Trustees continue to evaluate the signicant risks that the Charity may encounter, specically concerning is operation and nances. They are condent that e ective measures have been implemented to minimise exposure to these major risks. Additionally, they have ensured that all signicant incidents are reported to the Charity Commission.

Key Management Personnel

The charity sets the pay and remuneration of the key management personnel having regard to the pay o ered in the wider Seventh Day Adventist Church.

Trustees Responsibilities

The Trustees are responsible for preparing the Trustees Report and the nancial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice.)

The Trustees are required to prepare nancial statements for each nancial year which give a true and fair view of the state of the a airs of the charity and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing these nancial statements the trustees are required to:

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SOUTH ENGLAND CONFERENCE OF SEVENTH-DAY ADVENTIST

FOR YEAR ENDING 31 DECEMBER 2024

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the nancial position of the charity and enable them to ensure that the nancial statements are compliant. They are also responsible for safeguarding the assets of the charity and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees of South England Conference of Seventh-day Adventists on their behalf by

Ann Swaby- Trustee

31 October 2025

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Independent Auditor�s Report to the Trustees and Members of the South England Conference of Seventh-day Adventists For the year ended 31 December 2024

Opinion

We have audited the financial statements of South England Conference of Seventh-day Adventists for the year ended 31 December 2024 which comprise Group and Parent Charity�s Statement of Financial Activities, the Group and Parent Charity Balance Sheet, the Group Cash Flow Statement and notes to the financial statements, including 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.

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 contained within the annual report. 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.

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 themselves. 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.

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Independent Auditor�s Report to the Trustees and Members of the South England Conference of Seventh-day Adventists For the year ended 31 December 2024

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities Act 2011 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 47, the trustees 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

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

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 aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

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Independent Auditor�s Report to the Trustees and Members of the South England Conference of Seventh-day Adventists For the year ended 31 December 2024

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

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. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charity.

Our approach was as follows:

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Members of the South England Conference of Seventh-day Adventists For the year ended 31 December 2024

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Chapter 3 of Part 8 of

To the fullest extent permitted by law, we do not accept or assume responsibility to any party other than the charity and charity's trustees as a body, for our audit work, for this report, or for the opinion we have formed.

Date: 31/10/2025

Moore Kingston Smith LLP Statutory auditor

4 Victoria Square St Albans Hertfordshire AL1 3TF

Moore Kingston Smith LLP is eligible to act as auditor in terms of Section 1212 of the Companies Act 2006.

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South England Conference of Seventh-day Adventists Consolidated Accounts- Balance Sheet as at 31 December 2024 Notes Grou Chari 2024 2023 2024 2023 Flxed Assets Tangible Fixed Assets Investment Propertie5 12 13 36.340.515 550.(UI 34,588.243 550.(¥XI 36.269.614 550.OCiI 34,S07.759 550,000 36 89) 515 35 138 243 36 819 614 35 057 759 CurrentA55ets Stocks Debtors Investments Cash at bank and in hand 14 15 16 l(XJ.799 5,321,852 8.414.519 10,892.476 24,729.646 87.108 4,301,284 7.574.313 10.406.466 22.369.171 l(NJ,799 5,290,129 8.414.519 10.478.978 24.284.425 87,108 4,701,653 7,574.313 10,093,887 22.456,961 Total CurrentAssets Creditors.. Amounts due within a year 17 6,263,699 5.836,715 5,952,111 5,541,556 Net CurrentAssets 18.465.947 16.532.456 18.332.314 16.915,405 Creditors.. Amounts due after one year 18 1.895.530 I.703.￿)6 1.903.930 1.703,906 Total Net Assets $3.460.932 49,966,793 53,247,998 50.269,258 Fund balances Unrestricted Restricted 41.405.215 12,055,717 37.756.466 12.210.327 41.220,098 12,027,9tXJ 38,085,271 12,183,987 Totsl Funds 19 53.460.932 49,966,793 53,247,998 50.269,258 Approved and authorised for issue by the Board of Trustees on and signed on it5 behalf bv= 3111012025 Aswabv Treasurer The noies on pages 21 to 33 form part of these accounts. Page 19

South England Conference of Seventh-day Adventists Cash Ilow statements for the year ended 31 De￿rnber 2024 A Statement of cash flows 2024 2023 Cash flowfrom operatinE activities Net cash provided by (used inl operating 21 3.419.402 1729,3091 Cash flows from investing activities Net cash provided by (used inl investing 22 12.759,8221 2.631,212 Cash flows from financinR activities Net cash provided by (used inl financing 23 1173.5701 1118,6421 1.783.261 Change in cash and cash equivalents in the Cash and cash equivalents at the beeinning of the year 486.010 10.406.466 8.623.205 Cash and cash equivalents at the end of the year 10,892.476 10,406,466 B Analysis of thanges in net debt 01 January 2024 Cash flow Other non- sh 31 December 2024 Cash: Cash at bank and in hand less'.Deposits treated as liquid resouces 10.406.466 12.0191 10.404.447 486.010 176.1201 409,890 10.892,476 178,1391 10.814.337 Cash equlvalents.. Deposits included in cash 2.019 76,120 78,139 10.406.466 486,010 10.892.476 Debt: Debts due within one year Debts due after mole than one yeai 12.369.683) 11.679,5111 173.570 210,734 1210.7341 11.985.379) 11,890,245) 6,357.2n 659.580 7,016.852 Page 20

South England Conference of Seventh-day Adventists Notes to the Financial Statements for the year ended 31 December 2024

1 Accounting Policies

1.1 Basis of preparation

The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' effective 1 January 2015 and applicable accounting standards." The Statement of Financial Activity and Balance Sheet consolidate the charity and subsidiary undertakings it controls. The results of subsidiaries are consolidated on a line by line basis."

1.2 Basis of income recognition

Voluntary income, by way of donations and gifts to the charity, is included in full in the statement of financial activities when received. Intangible income is not included unless it represents goods or services which would have otherwise been purchased.

Legacies are monitored from the time of notification to their final receipt. They are only included in the financial statements when there is sufficient evidence that the legacy will be received and the value can be measured with sufficient reliability.

The charity does not recognize pending legacies until conditions for recognition have been met.

1.3 Going concern

The trustees have assessed whether the use of going concern is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of the approval of these financial statements. After making enquiries, the trustees have concluded that there a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

1.4 Fund accounting

Restricted funds are those which are to be used for the specified purposes as laid down by the donor. Expenditure which meets these criteria is allocated to the appropriate fund. The nature of restriction is further explained in the notes to the financial statements.

Designated funds are those which have been set aside by the administration with the consent of trustees for specific anticipated purposes or events. The aim and use of each designated fund is set out in the notes to the financial statements.

General or Unrestricted funds are donations and other income received or generated for the furtherance of the objects of the charity without specified purposes and, therefore, are available as general funds.

Investment income, gains and losses are allocated to the appropriate fund.

1.5 Grant-making policies

The trustees allocate grants in accordance with the objects set out in the charity's written constitution, which are summarised in the Trustees' Annual Report. In general, grants are made to associated charities through appropriate committee requests and policy arrangements, rather than in accordance with public application.

1.6 Incoming resources

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

1.7 Resources expended

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.

Fundraising costs are incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Grants payable are charged in the year when the offer is made, except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

Staff costs and overhead expenses are allocated to activities on the basis of time spent on those activities. Resources expended are included in the Statement of Financial Activities on an accruals basis. All costs include value added tax where applicable.

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South England Conference of Seventh-day Adventists

Notes to the Financial Statements for the year ended 31 December 2024

1.8 Risk mitigation

The Trustees have given consideration to the major risks to which the charity is exposed and have established systems or procedures in order to manage those risks. They are supported in this regard by Adventist Risk Management who create awareness of risk for the world-wide operations of the church and who source cover to mitigate attendant risks.

1.9 Foreign Currency Translations

The South England Conference of Seventh Day Adventist is part of the world-wide network of Seventh-day Adventist contributing to that endevour and being supported by it. Funds are transferred between organisations at monthly internal exchange rates for interorganisational transfers and at rates determined by the markets for external transactions.

1.10 Fixed Assets

Depreciation is provided on tangible fixed assets in order to write off each asset on a straight-line basis over its expected economic life. The rates of depreciation applied to each class of asset are:

Land nil Freehold property 1.33% Office fixtures and equipment 10 - 33% Computer equipment 20 - 33% Items of furniture and equipment costing less than £1,000 each are treated as an expense on acquisition.

1.11 Pension costs

Following the closure of the Seventh-day Adventist Retirement plan in December 2013, pensions are now provided in terms of the national Auto-Enrolment requirements and funds are invested in a Group Personal Pension Plan through Legal and General Insurance Company. Costs relating to the former plan are now borne by the British Union Cconference

1.12 Stock

Stock is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

1.13 Operating leases

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

1.14 Investments

Investments are stated at market value at the balance sheet date. The Statement of Financial Activites includes the net gains and losses arising on revaluations and disposals throughout the year.

1.15 Investment properties

Investment properties are included in the Balance Sheet at their open market value.

1.16 Accounting for local congregation

A sound organisational structure, good financial mangement and control have always been characteristic of the Seventh-day Adventist Church. Affiliated local congregations are considered to be members of the South England Conference but are not controlled by it.

There is a strong bond between the congregations and the Conference. Donations in respect of tithe, Church World Mission and special offerings given by individual members have always been remitted to the Conference as Conference Funds. These funds belong to the Conference which administers them, employing and direcings the ministers, and which has beneficial ownership of church buildings.

Members also give funds specifically for the work locally and for the maintenance and upkeep of their church building. Traditionally these "Local Funds" have been held administered and accounted for locally.

Over time, the relationship between the local congregations and their respective Mission or Conference has evolved and the financial bond has strengthened. Increasingly, local congregations have remitted "Local Funds" to their Conference or Mission to administer.

In these financial statements "Local Funds" remitted to and administered by the conference are included as Incoming Resources and Expenditures of the Conference. These funds, held by the Conference, are disclosed as belonging to the Conference, and are disclosed separately as funds restricted to the use of the local congregations.

Donations retained and administered locally have not been included in these financial statements since the Trustees do not administer these funds. Donors participate in the appointment and governance of the church at all levels, and anticipate transparency appropriate to their expectations. in the opinion of the Trustees, consolidation would serve to confuse their understanding.

There are 40 local congregations directly affiliated to the South England Conference of Seventh Day Adventists.

Accounts in respect of Charitable funds donated by members of the local congregation and administered by local funds treasurers have always been prepared and presented annually to the local congregation. There has also long been in place a program for Independent Examination of those local funds by South England Conference of Seventh-day Adventist Church. It is estimated that for the year ended 31 December 202 total resources administered locally are in the region of £440,000.

Page 22

South England Conference of Seventh-day Adventists Notes to the Financial Statements for the year ended 31 December 2024

1.17 Financial instruments

a. Cash and cash equivalents

Cash and cash equivalents include cash at banks and in hand and short term deposits with a maturity date of three months or less.

b. Debtors and creditors

Amounts receivable or payable within one year of the reporting date are carried at their at transaction price. Amounts that are receivable or payable in more than one year and are not subject to a market rate of interest are measured at the present value of the expected future receipts or payment discounted at a market rate of interest.

1.18 Critical accounting estimates and judgments

In the application of the Charity�s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The 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, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The following judgements and estimates have had the most significant effect on amounts recognised in the financial statements. The Trustees make an estimate of the recoverable value of trade and other debtors. When assessing any impairment of trade and other debtors,Trustees consider factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

The annual depreciation charge for fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

2
Income from donations and legacies
Group:
Tithe contributions from members in affiliated congregations
Grants from British Union Conference of Seventh-day Adventists
Donations in local congregations for local use
Tax recoverable on Gift Aid donations
Subtotal of base donations
Donations
Legacies
Grants
Subtotal of other donations
Total income from donations and legacies
Donations for charity's activities in other geographical areas, from members of
affiliated congregations		 Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
£
20,217,678
-
20,217,678
51,000
-
51,000
-
777,975
777,975
-
1,059,958
1,059,958
2,051,807
1,898,940
3,950,747
22,320,485
3,736,873
26,057,358
41,114
9,909
51,023
118,595
-
118,595
209,689
-
209,689
369,398
9,909
379,307
22,689,883
3,746,782
26,436,665
2024

Page 23

2 Income from donations and legacies (continued)

South England Conference of Seventh-day Adventists Notes to the Financial Statements for the year ended 31 December 2024

Income from donations and legacies (continued)
Charity:
Tithe contributions from members in affiliated congregations
Grants from British Union Conference of Seventh-day Adventists
Donations in local congregations for local use
Tax recoverable on Gift Aid donations
Subtotal of base donations
Donations
Legacies
Grants
Subtotal of other donations
Total income from donations and legacies
Group:
Tithe contributions from members in affiliated congregations
Grants from British Union Conference of Seventh-day Adventists
Donations in local congregations for local use
Tax recoverable on Gift Aid donations
Subtotal of base donations
Donations
Legacies
Grants
Subtotal of other donations
Total income from donations and legacies
Charity:
Tithe contributions from members in affiliated congregations
Grants from British Union Conference of Seventh-day Adventists
Donations in local congregations for local use
Tax recoverable on Gift Aid donations
Subtotal of base donations
Donations
Legacies
Grants
Subtotal of other donations
Total income from donations and legacies
Donations for charity's activities in other geographical areas, from members of
affiliated congregations
Donations for charity's activities in other geographical areas, from members of
affiliated congregations
Donations for charity's activities in other geographical areas, from members of
affiliated congregations		 Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
£
20,217,678
-
20,217,678
98,000
-
98,000
-
777,975
777,975
-
1,059,958
1,059,958
2,051,807
1,898,940
3,950,747
22,367,485
3,736,873
26,104,358
28,761
8,432
37,193
118,595
-
118,595
(27,848)
-
(27,848)
119,508
8,432
127,940
22,486,993
3,745,305
26,232,298
Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
£
20,545,170
-
20,545,170
51,000
-
51,000
-
884,229
884,229
-
351,034
351,034
1,908,639
1,958,271
3,866,910
22,504,809
3,193,534
25,698,343
45,635
8,983
54,618
200
-
200
1,119,017
-
1,119,017
1,164,852
8,983
1,173,835
23,669,661
3,202,517
26,872,178
20,545,170
-
20,545,170
98,000
-
98,000
-
884,229
884,229
-
351,034
351,034
1,908,639
1,958,271
3,866,910
22,551,809
3,193,534
25,745,343
23,029
8,983
32,012
200
-
200
23,281
-
23,281
46,510
8,983
55,493
22,598,319
3,202,517
25,800,836
2023
2024

Page 24

South England Conference of Seventh-day Adventists Notes to the Financial Statements for the year ended 31 December 2024

Incoming Resources from
charitable activities
Group
Church Ministry
Education
Total Charitable Income
Charity
Church Ministry
Total Charitable Income
Group
Church Ministry
Education
Total Charitable Income
Charity
Church Ministry
Total Charitable Income
Investment Income
Group
Locally listed investments
Return on local cash
Unrealised Gains(Losses) on Investment
Charity
Locally listed investments
Return on local cash
Unrealised Gains(Losses) on Investment
Group
Locally listed investments
Return on local cash
Unrealised Gains(Losses) on Investment
Charity
Locally listed investments
Return on local cash
Unrealised Gains(Losses) on Investment		 Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
£
1,547,881
68,014
1,615,895
594,452
-
594,452
2,142,333
68,014
2,210,347
741,864
68,014
809,878
741,864
68,014
809,878
Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
£
848,815
521,941
1,370,756
594,452
-
594,452
1,443,266
521,941
1,965,208
286,660
521,941
808,601
286,659
521,941
808,601
Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
£
58,443
-
58,443
378,563
-
378,563
840,206
-
840,206
1,277,212
-
1,277,212
58,443
-
58,443
374,633
-
374,633
840,206
-
840,206
1,273,282
-
1,273,282
Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
£
58,443
-
58,443
321,629
-
321,629
570,701
-
570,701
950,773
-
950,773
57,443
-
57,443
321,021
-
321,021
570,701
-
570,701
949,165
-
949,165
2024
2024
2023
2023

3 Incoming Resources from charitable activities

4 Investment Income

Page 25

South England Conference of Seventh-day Adventists Notes to the Financial Statements for the year ended 31 December 2024

Other Incoming Resources
Group
Gain (loss) on sale of assets
Other income
Total Other Income
Charity
Gain (loss) on sale of assets
Other income
Total Other Income
Group
Gain (loss) on sale of assets
Other income
Total Other Income
Charity
Gain (loss) on sale of assets
Other income
Total Other Income
Expenditure by Charitable Activity
Summary by fund type
Group
Church Ministry
Education
Objectives in other geographical areas
Retirement responsibilities
Total Charitable Expenditure
Charity
Church Ministry
Education
Objectives in other geagraphical areas
Retirement responsibilities
Total Charitable Expenditure
Group
Church Ministry
Education
Objectives in other geographical areas
Retirement responsibilities
Total Charitable Expenditure
Charity
Church Ministry
Education
Objectives in other geagraphical areas
Retirement responsibilities
Total Charitable Expenditure		 Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
£
(232,711)
-
(232,711)
172,675
-
172,675
(60,036)
-
(60,036)
(232,711)
-
(232,711)
172,675
-
172,675
(60,036)
-
(60,036)
Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
£
12,158,607
3,187,548
15,346,155
3,432,524
-
3,432,524
4,738,039
746,998
5,485,037
2,021,768
-
2,021,768
22,350,937
3,934,546
26,285,483
11,871,802
3,187,548
15,059,350
2,625,962
-
2,625,962
4,738,039
746,998
5,485,037
2,021,768
-
2,021,768
21,257,571
3,934,546
25,192,117
Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
£
12,853,253
2,855,651
15,708,904
2,716,913
-
2,716,913
4,868,132
803,409
5,671,541
2,054,064
-
2,054,064
22,492,362
3,659,060
26,151,422
10,677,029
2,855,651
13,532,680
2,428,754
-
2,428,754
4,868,132
803,409
5,671,541
2,054,064
-
2,054,064
20,027,979
3,659,060
23,687,039
2024
2023
2024
2023

5 Other Incoming Resources

Page 26

South England Conference of Seventh-day Adventists Notes to the Financial Statements for the year ended 31 December 2024

7 a. Analysis of Resources by Activity

Group
Church Ministry
Education
Objectives in other geographical areas
Retirement responsibilities
Church Ministry
Education
Objectives in other geographical areas
Retirement responsibilities
Charity
Church Ministry
Education
Objectives in other geographical areas
Retirement responsibilities
Church Ministry
Education
Objectives in other geographical areas
Retirement responsibilities
7
b. Analysis of non-grant expenditure by Charitable Activity
Group
Church Ministry
Education
Church Ministry
Education		 Grant
Activities
Support
Total
Funding of
Directly
Costs
Expense
Activities
Undertaken
£
£
£
£
436,012
11,223,432
3,686,711
15,346,155
143,317
2,780,624
508,583
3,432,524
5,485,037
-
-
5,485,037
2,021,768
-
-
2,021,768
8,086,134
14,004,056
4,195,293
26,285,483
Grant
Activities
Support
Total
Funding of
Directly
Costs
Expense
Activities
Undertaken
£
£
£
£
639,352
10,719,421
4,350,131
15,708,904
138,628
2,087,920
490,365
2,716,913
5,671,541
-
-
5,671,541
2,054,064
-
-
2,054,064
8,503,585
12,807,340
4,840,497
26,151,422
Grant
Activities
Support
Total
Funding of
Directly
Costs
Expense
Activities
Undertaken
£
£
£
£
436,012
10,899,902
3,723,455
15,059,369
827,743
1,211,098
587,121
2,625,962
5,485,037
-
-
5,485,037
2,021,768
-
-
2,021,768
8,770,560
12,111,000
4,310,576
25,192,136
Grant
Activities
Support
Total
Funding of
Directly
Costs
Expense
Activities
Undertaken
£
£
£
£
23,917
9,781,617
3,727,146
13,532,680
754,376
1,086,847
587,531
2,428,754
5,671,541
-
-
5,671,541
2,054,064
-
-
2,054,064
8,503,898
10,868,464
4,314,677
23,687,039
Staff Costs
Depreciation
Other Costs
Total
£
£
£
£
7,674,679
534,245
6,701,218
14,910,143
2,264,826
70,166
954,215
3,289,207
9,939,505
604,411
7,655,433
18,199,349
Staff Costs
Depreciation
Other Costs
Total
£
£
£
£
7,326,682
489,885
7,252,985
15,069,552
1,828,994
5,078
744,214
2,578,285
9,155,675
494,963
7,997,199
17,647,837
2024
2023
2023
2023
2024
2024

Page 27

South England Conference of Seventh-day Adventists Notes to the Financial Statements for the year ended 31 December 2024

7 b. Analysis of non-grant expenditure by Charitable Activity (continued)

8
9
10		 Charity
Church Ministry
Education
Church Ministry
Education
Analysis of grants
Grants to individuals
Group - Education Grants & Support
Charity - Education Grants & Support
Grants to institutions
Name of Institution / grant
Primary schools
British Union Conference of Seventh-
day Adventists
British Union Conference of Seventh-
day Adventists
Other grants to Church Entities
Retirement Fund
Total Institutional Grants
Total Grants
Governance costs
Audit costs
Trustee expenses
Net resources expended
This is stated after charging:
Depreciation of tangible fixed assets:
Reimbursement of expenses to trustees
Fees payable to the charity's auditor
for the audit of the annual accounts		 Grant description
Christian education
General Operations
General Operations
Past pension deficit
Mission in other
areas		 Staff Costs
Depreciation
Other Costs
Total
£
£
£
£
7,532,315
527,744
6,563,298
14,623,357
836,924
58,638
902,657
1,798,219
8,369,239
586,382
7,465,955
16,421,576
Staff Costs
Depreciation
Other Costs
Total
£
£
£
£
6,801,081
435,389
6,272,304
13,508,775
755,676
48,377
870,326
1,674,378
7,556,757
483,766
7,142,630
15,183,153
Number of
Beneficiaries
Total
Number of
Beneficiaries
Total
£
£
126
143,317
119
138,628
126
147,473
119
124,188
Group
Charity
Group
Charity
£
£
£
£
-
680,270
-
630,188
2,452,385
2,452,385
2,590,455
2,590,445
3,032,652
3,032,652
3,081,096
3,081,096
436,012
436,012
587,940
23,917
2,021,768
2,021,768
2,054,064
2,054,064
7,942,817
8,623,087
8,313,555
8,379,710
8,086,134
8,770,560
8,452,183
8,503,898
Group
Charity
Group
Charity
£
£
£
£
134,778
134,778
144,404
139,964
9,822
9,822
60,629
65,069
144,600
144,600
205,033
205,033
Total
Total
2024
2023
£
£
604,411
494,963
9,822
60,629
134,778
144,404
2023
2024
2023
2023
2024
2023
2024
2024

During the year retirement benefits were accruing to 12 Trustees (2023: 12) in respect of pension schemes

Page 28

South England Conference of Seventh-day Adventists Notes to the Financial Statements for the year ended 31 December 2024

11 Staff Costs

Staff Costs
Staff costs were as follows:
Wages and Salaries
Social Security Costs
Other pension Costs
The average number of employees during the year
in the following categories were:
Charitable activities
Support activities
Management and administration		 Total
2024
£
7,901,973
858,013
1,179,519
9,939,505
2024
no
122
52
20
194		 Total
2023
£
7,206,205
739,069
1,144,193
9,089,467
2023
no
144
25
19
188

Seven (2023:no) employees received remuneration amounting to more than £60,000 during the year, ranging from £60,180 to £66,962

Employed trustees and their immediate family members received emoluments as follows:

12 Tangible Fixed Assets 2024
2023
£
£
Key management
185,903
238,048
Other trustees
504,591
668,272
Freehold
Leasehold
Operational
Assets under
Total
Hay's Wood
Group Cost Property
property
Equipment
£
£
£
£
£
Retreat
As at 01 January 2024 35,585,160
1,054,911
983,467
10,965,055
1,208,831
49,797,424
Additions 1,510,000
-
8,446
-
838,237
2,356,683
Disposals -
-
-
-
-
-
As at 31 December 2024 37,095,160
1,054,911
991,913
10,965,055
2,047,068
52,154,107
Depreciation
As at 01 January 2024 7,996,625
252,514
869,987
6,090,055
-
15,209,181
Charge for Year 484,490
7,549
32,055
80,317
-
604,411
On Disposals -
-
-
-
-
-
As at 31 December 2024 8,481,115
260,063
902,042
6,170,372
-
15,813,592
Net Book Value
As at 01 January 2024 27,588,535
802,397
113,480
4,875,000
1,208,831
34,588,243
As at 31 December 2024 28,614,045
794,848
89,871
4,794,683
2,047,068
36,340,515
Charity Cost
As at 01 January 2024 35,546,776
1,054,911
744,941
10,965,055
1,208,831
49,520,514
Additions 1,510,000
-
-
-
838,237
2,348,237
Disposals -
-
-
-
-
-
As at 31 December 2024 37,056,776
1,054,911
744,941
10,965,055
2,047,068
51,868,751
Depreciation
As at 01 January 2024 7,983,830
252,514
686,356
6,090,055
-
15,012,755
Charge for Year 484,490
7,549
14,026
80,317
-
586,382
On Disposals -
-
-
-
-
-
As at 31 December 2024 8,468,320
260,063
700,382
6,170,372
-
15,599,137
Net Book Value
As at 01 January 2024 27,562,946
802,397
58,585
4,875,000
1,208,831
34,507,759
As at 31 December 2024 28,588,456
794,848
44,559
4,794,683
2,047,068
36,269,614

Page 29

South England Conference of Seventh-day Adventists Notes to the Financial Statements for the year ended 31 December 2024

Investment Property
Market Value at 01January
Net investment (loss)/gain
Market value at 31 December		 2024
2023
£
£
550,000
550,000
-
-
550,000
550,000
Group		 2024
2023
£
£
550,000
550,000
-
-
550,000
550,000
Charity

13 Investment Property

The valuation was undertaken on 23 January 2023 by Jeffreys, a firm of chartered surveyors.

14
Stocks
2024
2023
£
£
Departmental supplies
100,799
87,108
100,799
87,108
15
Debtors
2024
2023
£
£
Due after more than one year
Loans owed by group undertakings
-
-
Loans owed by employees
72,748
107,607
Other receivables
6,355
1,950
79,103
109,557
Due within one year
Trade debtors
188,262
82,601
Other amounts owed by group entities
-
-
Other amounts owed by related charities
28,985
25,298
Amounts owed by local congregations
3,222,097
2,568,214
Government grants due
1,463,597
1,246,958
Accrued Income
150,453
147,857
Employees
163,564
104,261
Other Receivables
11,133
12,895
5,242,749
4,191,727
Total
5,321,852
4,301,284
16
Current Asset Investments
2024
2023
£
£
Listed investments
8,414,519
7,574,313
8,414,519
7,574,313
17
Creditors: Amounts falling due within one year
2024
2023
£
£
Bank Loans and Overdrafts
1,985,379
2,369,683
Suppliers
2,588
4,180
Advances for charitable activities
64,022
(14,975)
Due to group undertakings
-
-
Due to pension fund
87,563
(2,809)
Due to associated charities
1,866,854
1,811,496
Due to local congregations
1,023,549
535,689
Employees
2,497
7,290
Accrued expenses
237,949
237,949
Deferred income
133,403
99,803
Agency/Trust Accounts
251
(1,204)
Taxes payable
36,733
8,598
Other Creditors
822,911
781,015
6,263,699
5,836,715
Group
Group
Group
Group		 2024
2023
£
£
100,799
87,108
100,799
87,108
2024
2023
£
£
-
395,426
72,748
107,607
1,950
1,950
74,698
504,983
-
21
203,616
107,235
9,387
11,191
3,225,865
2,572,082
1,463,597
1,246,958
73,928
73,928
163,564
104,261
75,474
80,994
5,215,431
4,196,670
5,290,129
4,701,653
2024
2023
£
£
8,414,519
7,574,313
8,414,519
7,574,313
2024
2023
£
£
1,985,379
2,369,683
2,588
4,180
-
-
17,039
17,039
87,563
(2,809)
1,849,815
1,778,507
1,023,549
535,689
2,497
7,290
501,913
235,009
-
-
251
(1,204)
224,129
3,290
257,388
594,882
5,952,111
5,541,556
Charity
Charity
Charity
Charity

Page 30

South England Conference of Seventh-day Adventists Notes to the Financial Statements for the year ended 31 December 2024

Deferred income brought forward
Reseased
New deferral
Deferred income carried forward		 2024
2023
99,803
102,193
(99,803)
(102,193)
133,403
99,803
133,403
99,803
Group		 2024
2023
-
-
-
-
-
-
-
-
Charity
18 Creditors: Amounts falling due after one year Group Charity
Bank loans
Amounts due to associated charities		 2024
2023
£
£
1,890,245
1,679,511
5,285
24,395		 2024
2023
£
£
1,890,245
1,679,511
13,685
24,395
1,895,530
1,703,906		 1,903,930
1,703,906
Of which amounts falling due after 5 years:
Repayable by instalments		 1,308,525
59,045		 1,308,525
59,045
19 Statement of Funds (Group)
Designated Funds
Invested in Property
Church and School Buildings
Local Congregation Needs
Buildings Maintenance
General Conventions
Other Program Funds		 Brought
Incoming
Forward
Resources
£
£
30,514,654
89,147
-
872,871
17,016
689
-
(2,340)
-
16,674
3,796		 Resources
Expended
£
(604,411)
(93,498)
(332,103)
-
-
22,191		 Transfers
Carried
In / Out
Forward
£
£
2,549,363
32,459,606
-
(4,351)
434,040
991,824
-
689
-
(2,340)
-
42,661
Total Designated Funds 31,491,695
20,812		 (1,007,821) 2,983,403
33,488,089
General Funds
Tithe Fund
Other General Funds		 5,155,658
13,465,718
1,109,111
12,622,898		 (12,550,850)
(8,936,866)		 (28,545)
6,041,981
(2,919,998)
1,875,145
Total General Funds 6,264,769
26,088,616		 (21,487,716) (2,948,543)
7,917,126
Total Unrestricted Funds 37,756,464
26,109,428		 (22,495,537) 34,860
41,405,215
Restricted Funds
Donations for World Missions
Retirement Home
Church Building Funds
Schools' resources
Local Congregational Funds
Other restricted funds		 250,138
777,975
291,808
-
131,163
132
28,417
1,477
11,265,610
3,026,912
243,191
8,300		 (746,998)
-
-
(3,120,888)
(66,660)		 (281,115)
-
-
291,808
-
131,295
29,894
246,255
11,417,889
-
184,831
Total Restricted Funds 12,210,327
3,814,796		 (3,934,546) (34,860)
12,055,717
Total Funds 49,966,791
29,924,224		 (26,430,083) -
53,460,932
19 Statement of Funds (Charity)
Designated Funds
Invested in Property
Church and School Buildings
Local Congregation Needs
Buildings Maintenance
General Conventions
Other Program Funds		 Brought
Incoming
Forward
Resources
£
£
30,434,170
89,147
872,871
17,016
689
(2,340)
16,674
3,796		 Resources
Expended
£
(586,382)
(93,498)
(332,103)
22,191		 Transfers
Carried
In / Out
Forward
£
£
2,532,517
32,380,305
(4,351)
434,040
991,824
689
(2,340)
42,661
Total Designated Funds 31,411,211
20,812		 (989,792) 2,966,557
33,408,788

Page 31

South England Conference of Seventh-day Adventists South England Conference of Seventh-day Adventists South England Conference of Seventh-day Adventists South England Conference of Seventh-day Adventists
Notes to the Financial Statements
for the year ended 31 December 2024
Statement of Funds (Charity) continued
General Funds
Tithe Fund 5,155,658 13,465,718 (12,550,850) (28,545) 6,041,981
Other General Funds 1,518,401 11,015,609 (7,861,529) (2,903,152) 1,769,329
Total General Funds 6,674,059 24,481,327 (20,412,379) (2,931,697) 7,811,310
Total Unrestricted Funds 38,085,270 24,502,139 (21,402,171) 34,860 41,220,098
Restricted Funds
Donations for World Missions 250,138 777,975 (746,998) (281,115) -
Retirement Home 291,808 291,808
Church Building Funds 131,163 132 131,295
Local Congregational Funds 11,265,610 3,026,912 (3,120,888) 246,255 11,417,889
Other restricted funds 245,268 8,300 (66,660) 186,908
Total Restricted Funds 12,183,987 3,813,319 (3,934,546) (34,860) 12,027,900
Total Funds 50,269,257 28,315,458 (25,336,717) - 53,247,998

20 Analysis of net assets between funds

Tangible fixed assets
Investment property
Current Assets
Creditors due within one year
Creditors due in more than one year
Pension Scheme Liability
Total Funds
21
Net cash flow from operating activities
Net incoming resources before revaluations
Returns on investments & servicing of finance
Depreciation of tangible fixed assets
Provision for bad debts made/(released)
Deficit / Surplus on disposal of fixed assets
Revaluation of investments
(Increase) / Decrease in stocks
(Increase) / Decrease in debtors
Increase / (Decrease) in creditors
22
Analysis of cash flows from investing activities
Dividends, interest and rents from investments
Interest received
Interest paid
Investments made
Purchase of property, plant and equipment
Net cash inflow from investing activities		 Unrestricted
Restricted
Funds
Funds
£
£
36,340,515
-
550,000
-
12,673,929
12,055,717
(6,263,699)
-
(1,895,530)
-
-
-
41,405,215
12,055,717		 Total
Total
2024
2023
£
£
36,340,515
34,588,243
550,000
550,000
24,729,646
22,369,171
(6,263,699)
(5,836,715)
(1,895,530)
(1,703,906)
-
-
53,460,932
49,966,793
2024
2023
£
£
3,494,139
(2,718,391)
403,139
969,591
604,411
497,685
(6,762)
785
-
231,264
(840,206)
(570,701)
(13,691)
(16,376)
(1,013,806)
(1,214,738)
792,178
2,091,572
3,419,402
(729,309)
2024
2023
£
£
(433,076)
(949,165)
29,937
(20,425)
(403,139)
(969,590)
-
-
(2,356,683)
3,600,802
(2,759,822)
2,631,212

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South England Conference of Seventh-day Adventists Notes to the Financial Statements for the year ended 31 December 2024

23 Analysis of cash flows from financing activities

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|||| |---|---|---| |Analysis of cash flows from financing activities|2024|2023| |£|£| |Loans received|400,000|-| |Less loans repaid|(573,570)|(118,642)| |Net cash inflow from investing activities|(173,570)|(118,642)|

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24 Related party transactions

The charity is affiliated to the British Union Conference of Seventh-day Adventists (a registered charity), Stanborough Park, Garston Watford, herts, WD25 9JZ, and with which the charity has a tithe-sharing agreement.

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|||||| |---|---|---|---|---| |British Union|Eden School|Total|Total| |Conference|2024|2023| |£|£|£|£| |Tithe-sharing grants received|-|-|-|84,000| |Other grants received|70,152|-| |Tithe-sharing grants made|4,771,372|-|4,771,372|4,338,952| |Tithe-sharing made for Pension Deficit|2,021,768|-|2,021,768|1,838,615| |Other grants made|715,665|-|715,665|70,000| |Loans due by charity < 1 year|14,280|14,280|20,285| |Loans due by charity > 1 year|10,115|-|10,115|38,675| |Other amounts due by charity < 1 year|1,856,144|-|1,856,144|548,285|

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25

Other related entities

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||||| |---|---|---|---| |Other related entities|Country|Description| |Seventh-day Adventist Association Ltd|Charity No. 209780|UK|Titular holder of property| |Garston, Watford, Hertfordshire|Company No. 89953|(Trustees are appointed by| |BUC executive committee)|

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Page 33