SAT-7 UK TRUST LIMITED
SAT-7 UK Trust Limited
IA Company Limited by Guaranteel
Company Registration No 03301736
Registered Charity no 1060612
Report of the Trustees and Accounts
For the Year Ended
31st December 2022

SAT-7 UK TRUST LIMITED
Contents
Page
Reference and administrative details
Directors l Trustees Report
4-16
Independent Auditors Report to the Members of SAT-7 U K Trust Limited
17-20
Statement of Financial Activities
21
Balance Sheet
22
Statement of Cash Flows
23
Notes to Finantial Statements
24-37

SAT-7 UK TRUST LIMITED
Reference and adminlstratlve detalls of the charity, its Trustees and Advlsers forthe year ended
31st December 2022
Com
an
Infomiation
ReEistered name
SAT-7 UK Trust Limited, also known as 'SAT-7 UK,
Registered charity number
ICE0612
Registered company number
03301736
Registered office
nd
2 Floor, 3-4 New Road, Chippenham
Wiltshire SN15 IEJ
Operations centre
2. Floor, 3-4 New Road, Chippenham
Wiltshire SN15 IEJ
Company Secretary
Mrs R Fadipe
Chief Exetutive Owiter
Mrs R Fadipe
Trustees
The trustees (who are directors for the purpose of company lawl who served during the year were a5
follows: Mr R Kemp (Chairman until 20th April), Mr J Clark, Mr C Miles, Mr M Haines, Mr R Giles
Ichairman from 20, April), Mr O Morris (left board & July), Mr D Taylor, Mr T Alqassis (joined boanl
23rd Febl
Advisers to the Charity
Keelys Solicitors IHR Advisor) 28 Dam St, Lichfield WS13 6AA
Auditor
Burton Sweet Limited Chartered Accountants, The Clock Tower, 5 Farleigh Court, Old Weston Road,
Flax Bourton Bristol BS48 IU R
Bankers
Unity Trust Bank plc, Nine Brindley Place, Birmingham, Bl 2HB
Solicitors
Bates Wells Braithwaite, 10 Queen Street Place, London EC4R IBE

SAT-7 UK TRUST LIMITED
The trustees, who are also the Directors and members of SAT-7 UK Trust Limited for the purposes of
the Companies Act, have pleasure in presenting the Report and Accounts for the year ended 31st
December 2022. The trustees have adopted the provisions of the Statement of Recommended
Practi￿ (FR102 SORPI Accounting and Reporting by Charities, in preparing the Annual Report and
financial statements for the charity.
l. Governlng Document
SAT-7 UK Trust Limited is a charf(able company limited by guarantee, incorporated on 14th January
1997 and registered as a charity on Ilth February 1997. The company was established under a
Memorandum of Association which established the objects of the charitable company and isgovemed
under its Articles of Association. These were amended by special resolution on 21st October 2(X)9,
19th October 2Th)5, 24th March 2014 and 14th February 2019. In the event of the company being
wound up members are required to contribute an amount not exceedingone-pound sterling. In 2016
a special resolution was passed to change the name of the charity f rom SAT-7 Trust Ltd to SAT-7 UK
Trust Ltd.
The Objects of the Charlty are-
the advancement of the Christian faith,.
the advancement of education,.
the advancement of good physical and mental health,.
the prevention and relief of poverty,.
the promotion of equality-
the promotion of f reedom of religion las setout in Articles 18 of the Universal Declaration of
Human Rights and subsequent United Nations convention and declarations) throughout the
world by all or any of the following means..
al relieving need among the virtims of human rights abuse;
bl educating the public about human rights,.
cl raising awarene55 of human right5 issues- and
the advancement of conflict resolution and reconciliation,.
as an expression of the Christian faith, in particular Ibutwithout limitation) through the produrth)n,
broadcasting and dissemination of television, film, and other digital media content.
2. The Board and Management of the Charity
The trustees, (who are alsothe directors and members of SAT-7 U K Trust Limited) in consuttation with
the Chief Executive Officer ICEOI,set the strategicdirection of the charity, agreeingf inancial plans arKI
assessing the risk implications. The key management personnel of the charity are the board of
Trustees, and the CEO, the Senior Director and the Operations Director. The Board of Trustees agree
the annual salary levels of the Chief Executive. The trustees have delegated overall management of
the charity to the CEO. The CEO has in turn recruited a staff team who have specrfic responsibility for
implementing strategy.
Meetings of the trustees are held quarterty and are used to review progress, set objectives, establith
policies, as well as other issues of relevance. Communication between meetings is extensive throu
email, telephone and the meeting of sub-committee members. In 2022 the trustees held the
meeting in person, supplemented by video conferencing when needed and met together in Ottober
2022 for 3 two-day retreat meeting.
The Board has f rom time to time set up sub-committees to assist it in governance. Currently it has a
Finance and General Purposescommitteeto monitorthe financial affairs of the Trust, art asthe audit
committee and to review and advise the trustees and seniorstaff on all employment matters affectrig

SAT-7 UK TRUST LIMITED
SAT-7 UK. Following the Board retreat in October2022, 3 Governance Committee is also being set up
to oversee and make recommendations on board governance including succession planning (Boanl,
CEO).
The board of SAT-7 UK has agreed a joint ministry agreementwith SAT-71 nternational. In 2022 SAT-7
UK was formally represented on the International Council of SAT-7 International Trust, (registered n
Cyprus under the international trust law of the Republic of Cyprus) and the outgoing chair, Mr Rcv
Kemp remained an elected member of the Executive Board to the International Council of SAT-7
International Trust. SAT-7 UK made grants of £1,401,297 to SAT-7 International Trust during 2022.
3. The recrultment of Trustees
It is the policy of SAT-7 UK to maintain a Board of Trustees thatwill be able to promote the interests
of SAT-7 UK in Great Britain and Ireland effectively, to make it a commonly known, clearly understocAY,
and widely supported as an inter-denominational Christian charity. Trustees are selected to utilise
their specific skills and experience. The skills of potential trustees are therefore taken into
consideration before appointment to ensure that a diversity of skills lincluding f inance, marketing
and fundraisingl, experience and Christian traditions are represented on the board. Trustees are
recruited by a variety of means which may include personal recommendations, advertising, tl
Charity's website and through the Christian media. Prospective candidates are interviewed by the
existing trustees and the CEO and are selected by nomination and a vote by the board. All trustees
must be f ully supportive of SAT-7's ethos and statement of faith.
Each Trustee serves fora term of three years and then are subjectto re-election. There is no limit set
to the number of terms a trustee can stand for. During 2022 one trustee stood down and one new
trustee was recruited.
4. Induction and training of Trustees
The processes of induttion and training are intended to ensure that individual trustees are enabled to
bring as much added value to the work of the board as their personal background, experience and
skills equip them to do. New trustees are provided with information about the charitable company
together with copies of the Charity Commission's booklet for new trustees. Seminars and training
courses relevant to specific aspects of the Trust's work are broughtto the attention of trustees. New
trustees are encouraged to visit the office of the charity at an early stage and meet with the staff.
Annual board retreats are organised which include an opportunityto meet with key staff and reCe￿e
training if required. A trustee skills matrix and meeting log are regu larly reviewed to ensure the
trustees are effective in their roles. All board members are expetted to keep up to date in their own
professional disciplines where this is appropriate. Board members are also encouraged totake at least
one overseas trip to see the work of SAT-7 International.
5. Risk Management and Assessment
SAT-7 UK maintains a risk register produced in accordance with the Charity Commission's guidelines.
Risks are monitored at each board meetingwith an annual formal review of the full risk register. The
register monitors likely risk and designates responsibility foreach risk area. The trustees are satisf led
that the register manages the key risks to the operations of SAT-7 UK.
The top risks identified in the risk register include increased secularisation and opp051tion to religion
along with declining church attendance, supporterattrition, instability in the Middle East, the impart
of the cost of living crisi5 and war in Ukraine. Each of these has action to mitigate, reduce or avoid.
The actions are built into the strategic plan and the financial and operationalgoverna nce of the charty
with regular and appropriate monitoring in place.

SAT-7 UK TRUST LIMITED
The trustees are aware that, apart f rom meeting SAT-7 UK'S own operating costs, they are choosng
to deploy the funds at their disposal in a region of the world chararterised by social, economic and
political instability. They accept that these factors bring to the work of SAT-7 UK an inescapab
elementof risk of loss of resources which is managed through active relationships with those invO￿d
in the field and through close monitoring of f unds and resourcesmade available to SAT-71 nternationa
and other Partners involved in the work. The risk assessment is regularly reviewed.
The Council of SAT-7 International makes everyeffortto reduce these risksthrough tts strict ethos and
programming policy which ensures that broadcasts are culturally relevant, do not speak against other
religions, do not make political statements and make every effort not to cause offence to other
religious groups. SAT-7 International understands the risks very well and do all they can to guard
against them or at least mitigate their consequencesthrough the programmes and broadcasts made.
6. Fundralsln& Data Protectlon, Safeguarding & Grant Maklng Pollcles
Fundralsln£
In accordance with the Charities IProtertion and Social Investment) Act 2016, the following statement
outlines the fundraising practice of SAT-7 UK in 2022.
SAT-7 UK is registered with the Fundraising Regulatorand adheres strictlytotheircode of Fundra ising
Practice. In 2022 there were no failures to comply with this Code of Practice. In addition, as outlined
in the privacy notice SAT-7 UK does notsell or swap data with other charities or organisations outSKie
the SAT-7 farn1￿ or make any cold telephone calls to the general public. In 2022 SAT-7 UK did not
contract the services of any professionalf undraisers as defined by sertion 58of the Charities Act 1992.
SAT-7 U K is registered with the Fundraising Preference Service l FPS) and during 2022 did not recewe
any requests through this service. During 2022, no formal complaints about our fundraising practices
were received.
At all times in SAT-7 U K's fundraisin8 seeks..
To raise money only when the likew income will be matched by needs.
To represent the context, need5 and opportunities of the Middle Eastern & North African
Church faithfully and accurately, based on credible research and true case-studies, within the
security constraints placed upon ourcommunications due to the sensitive nature of ourwork
To always be mindf ul that some of our supporters may be vulnerable people and where
vulnerable people orthose acting on their behalf request to cease communication5, to act on
their wishes.
To communicate clearly about how our 5UPPOrters' money will be used.
To ensure that all GiftAid conditions are met before claimingGiftAid in respectof a donation.
SAT-7 U K does not engage in persistentor intrusive fundraising practices wtth any of our 5UPPOrter5,
including vulnerable people.
Data protertion
SAT-7 UK recognises that personal data of our supporters is valuable and seeks to embody best
practi￿ in the way supporters, data is gathered, stored and used, SAT-7 UK therefore:
adheres to current data protection legislation and be registered with the Informati
Commissionerfs Office.
protects the confidentiality of personal information and ensure its security at all times.
Does not to pass on supporters, details to any othercharity or organisation outside the SAT-7
family. Nor to purchase prospect supporters, data f rom third parties.

SAT-7 UK TRUST LIMITED
Monitoring of Regulatory Activity
The Operations Director is responsible for data protettion and for keeping upto date with The Code
of Fundraising Practice to ensure that all response devices and data capture forms comply with the
data protettion guidelines.
Safeguarding
Although SAT-7 U K does not work directly with children or vulnerable adults, SAT-7 UK is committed
to good practice in dealing with any safeguarding issues. There may be occasions when children or
vulnerable adults are present during a SAT-7 U K event or presentation. In such a contextthe SAT-7 UK
staff member or volunteer will follow the saf eguarding policy of the host organisation.
SAT-7 UK updated its safeguarding policies in 2019 and continuesto monitor its practices and training
in thisarea.
Additionally, SAT-7 U K annually reviews the safeguarding policies of SAT-7 International Trust.
Grant Making Policy
SAT-7 UK makesgrants primarily to those partnerorganisations it has a joint ministry agreement wth
and does not normally accept unsolicited grant applications. Since 2017 SAT-7 UK has had a joint
ministry agreement with SAT-7 International Trust, (registered in Cyprus underthe international trust
law of the Republic of Cyprusl.
The SAT-7 UK Board of Trustees has delegated the day-to-day management of the grant making
pro￿5$ to the Finance and General Purposes Committee IFGPI who report ateach board meeting on
grants Made since the last meeting. The grant making process include5 policies on gift acceptano,
anti-money laundering, the management of general funds and payment to overseas bodies.
7. Public Benefit
The trustees have referred to the guidance in the Charity Commission's general guidance on Public
Benef it when reviewing the aims and objectives and in planning artivities. In particular, the trustees
consider how planned activities will contribute to the aim5 and objective5they have set. All activities
reflect the trustees, desire to follow the aims of the Trust and to meet the requirements of genera
public benef it.
The ministry benefits all those wishing to explore the Christian message both in the U K and further
afield presented through personal conversation and media communications in a way that is both
relevant and appropriate.
Sharing the core foundations and message of the Gospel is made freelywithout obligation or cost via
satellite systems, social media, the internet, mobile devices, working through partner organisations
and through personal conversations and is freely available to all who wantto connect and participate.
It is made available without any sense of judgementabout viewers, personal circumstances. The aim
of all activities is to inform and to engage the viewer about the Christian faith as per the trust's
objective to advance the Christian faith.
8. Purpose of SAT-7 UK
The vision of SAT-7 U K is to see a growing Church in the Middle East and North Af rica I'MENA I,
conf ident in Christian faith and witness, serving the communityand contribLJting to the good of sO￿ty
and culture. SAT-7 U K through its partnership with SAT-7 International, is bringing lrfechangingjoy to
the people of the Middle East and North Africa through powerful, faith-filled television and digital
media programmes, supported in the UK through prayer,giving and inf luencing to bring about change.
Through highlighting the needs of the MENA churches SAT-7 UK seeks to encourage oursupporters n
the U nited Kingdom to pray regularly, to engage actively and to provide funding and resouros

SAT-7 UK TRUST LIMITED
towards the work of this vital ministry - helping to support the production and broadcasting of the
Christian message into the homes and hearts of the millions of people watching the satellite
programmes and engaging with the content on a range of digital media applications.
Through its joint ministry agreement with SAT-7 International Trust, SAT-7 UK is part of the wider
internationalfamily of SAT-7 supportingthe churches and Christians of the M ENA region. It is through
SAT-7 InternationalTrust thatthe programmes of theSAT-7channe15 are made and transmitted across
the Middle East and North Africa. SAT-7 provides supportfor Christians in areas where the Church is
subjectto persecution and in places where there is no established church. Television programmes are
made by Christian media professionals from the Middle East for the Christians and people of the
Middle East. The programmes provide an authentic Christian voice, a f resh perspertive for those
asking questions about the Christian faith and show how communities can both be Christian ond
Middle Eastern.
9. Main charitable activities
SAT-7 UK'S charitable artwities in the UK and Ireland are..
Making grants for the broadcastlng of satellite TV and dlgltal medla programmes, to see a
growing Church in the MENA, conf ident in Christian faith and witness, servingthe communty
and contributing to the good of society and culture.
b. Engaging with Christian communities in the UK to enable a deepened understanding of the
challenges faced by Christians and the people of the MENA region, the impact of SAT-7, and
the opportunities to pray, engage and partner for change.
10. Looking ahead, Current and Future Strategy
In 2020 SAT-7 U K established a three-step plan to govern its response to the pandemic:
Response 2020- our approach during this time was to test, ref ine and improve.
Recovery 2021-2022 - SAT-7 U K'$ 5-year strategiccycle was due to f inish at the end of 2021.
but through a new interim 2-yearstrategy developed in 2020, this was extended tothe end
of 2022.
Reconstrurtion 2023-2027 The board approved the outline strategic plan for the pericKI
2023-2027 in October2021, during 2022 the foundations were laid for this new strategy and
which received final approved from the board in October 2022.
Strategic goals for 202>2027
Through the development of a theory of change, a series of activities and outcomes were identif led
that will help deliver the mission and vision of SAT-7 U K during this next phase, the five outcomes
that the strategy is built around are-
A. Income & Engagement
Outcome #l.. An increasingnumberof Christians, churches, grant making bodies, communities and
networks are artively engaged and giving regularfy to sustain the work of SAT-7. We will connert
with Christians across the country, deepening our reach, engagement, and impact in local churches,
community groups, and at events and conferences, generating new supporters, ambassadors, and
church partners. This will be supported through the phased outworking of a new regional
engagement plan, maintaining our commitment to meet Christians where they are. Increased staff
capacity and activity budget will help us to pilot and launch new digital content, platforms,
fundraising and marketing opportunities- enabling SAT-7 to engage more creatively with supporters
and for our brand and message to gain a more distinctive edge within the U K Christian media and
mission sector. We will optimise our use and understanding of the project management processes

SAT-7 UK TRUST LIMITED
and IT systems used to manage and deliver our activities, regularly reviewing costs and streamlining
operations.
Outcome #2.. An increasing numberof Christians, churchesfft grant making bodies, communities and
networks: have a deepened understandingof the thallenges faced by Christians and the people of
the MENA region and the impact SAT-7 has. creatingopportunities to pray. engage and partnerfor
change. SAT-7 U K will maintain its commitment to inform and educate supporters, churches, key
leaders and influencers Wlth the context, news and challenges facing Christians and the people of
the Middle East and North Africa region. A key part of this outcome is to enable the mobilising of
prayer and deepened engagement,. enabled through a variety of regular and seasonal resources,
publications, and campaigns. However, there will be a stronger emphasis on repurposing existing
communications content, phasing in a Read, Listen, and Watch content strategy across new digital
and website platforms e.g. videos, podcasts, and webinars - ensuring that our content is accessible
for all and is fit for purpose across the strategic plan period.
B. Endurance & Falth
Outcome #3.. The wlder SAT-7family are strengthened through a healthy relatlonshlp wlth SAT-7
UK and by strategic input and collaboration. We will actively prioritise relationships with peers
within the wider SAT-7 family seeking to stay connected, build relationships, share learning and
support collaboration.
Outcome #4.. A sustainable orEanis3tion, with a culture of best practice and innovation, where
5tsff know they are supported and valued. Priority will be given to develop team spirit and staff
well-being, ensuring everyone (regardless of working location or patterns) feels an integral part of
the UK team and is rewarded appropriately. Focus will be given to ensure that the right tools,
systems and training are in place, with a culture that encourages best practice.
Outcome #5.. Ourchristian faith and values are atthe heartof who we are and whatwe do;
bringingjoyi showing love, strengtheningfaith. Our Christian faith and values will be at the heart of
our organisation culture, they will shape how we make God's love visible and deliverthe next season
of SAT-7 UK'S vision, as we seekto bringjoy, show love and strengthen faith- notjust of our viewers
across the MENA, but also in the lives of our staff, volunteers, supporters and partners in the UK.
New value statements were launched in 2022 and these will be embedded into the organisational
culture and with God's help the team will be intentional in outworking the values in their work and
relationships with each other.
We agree to be authentic
We choose to be courageous
We strive to be creative
We committo be servant-hearted

SAT-7 UK TRUST LIMITED
11. Revlew ofthe year- workin the MENA
SAT-7 Intemational Overvlew
SAT-7 broadcasts faith-filled programmes to the 25 countries of the Middle East and North Af rica
IM ENAI via satellite television and digital media. Our programmes are designed to encourage and
strengthen often-isolated Christians in their faith and provide 3 f resh perspective of faith for those
asking questions aboutjesus. They reach millions of viewers across a range of platforms. Viewers are
supported, encouraged and counselled by dedicated Audience Relations IARI teams who respond to
the hundreds of viewers who contact the channels every day through a variety of mean5.
Satellite television remains at the core of SAT-7's ministry, but in this digital age, and as the MENA
increasingly moves online, SAT-7 is keeping up with the developing needs of itsviewers. Accordingto
the 2020 Arab Youth Survey, 660A of young people in the Arab World now primarily watch video
content on their smartphones. SAT-7 PLUS, the MENA'S first Christian video-on-demand and live-
streaming platform, was launched in 2021 and has continued to grow during 2022. The total
viewership more than doubled, and notably, the average watch time is now more than 25 minutes,
an increase of 34% on the previous year.
Social media continued to play a vital role in viewer engagement in 2022. SAT-7 ARABIC'S Facebook
strategy has been especially effective with audience engagement more than doubling in 2022
compared to 2021. Two series specifically produced for social media, Church4Kids and Sanctuary of
the Heart, worked exceptionally well on Instagram throughout 2022. Facebook was blocked in Iran
because of the protests following the death of Mahsa Amini, but Instagram is helping provide online
Sunday school for Iranian thildren through Church4Kids and creating 3 space for viewers to receive
live prayer and encouragement through Sanrtuary of the Heart.
The MENA region faced multiple
crises in 2022. The following
overview of the year shows how
SAT-7 has been responsive to a
range of sltuation5 in different
places, bringing a message of h
as well as support and guidance
for viewers facing myriad
problems. In January, SAT-7 began
airing the f irst episodes of The
Gathering Ipicturedl, made by our
newly-formed partner production
team in Tunisia. The programme is designed to provide spiritual encouragementto isolated believe
in North Af rica by sharing testimonies, worship music and Christian teaching.
As the economic crisis deepened in Turkiye in February, SAT-7 TU RK'S live programme Homemode
raised awareness of the impart on families and directed viewers to advice and resources that can
helpthem.
SAT-7's f irst ministry-wide meetingof Partners, Christian ministries, broadcasters, and supporters in
three years took place in Cyprus in March. Under the theme Responding to Crisis, Building the
Future, participants heard how SAT-7 has been responding to COVID-19 and other challenging
events across the region since 2020, and about the opportunities it has to start building for the
coming years.
As many Middle Easterners continue to risk their lives trying to flee their home country, SAT-7
ARABIC'S YouAre NotAlone programme covered a tragic "Boat of Death" incident in April. The show

SAT-7 UK TRUST LIMITED
featured a moving interview with Yous5ef and Mohammad Al Jamal who lost their family when a
boat carrying people from Lebanon and Syria sank off Tripoli in Lebanon. The episode highlig hted
how the collapse of the economy and medical system in Lebanon is forcing people to take drastic
action to try to provide a better life for their families.
In May, SAT-7's Founder and President Dr Terence Ascott was presented with a Labib Madanat
Kingdom Impact Award by SAT-7 partner, the Strategic Resource Group. The award honours "men
and women whose self-sacrif icing and courageous endeavours have conferred eternal benefit on
thousands and thousands of people in the Greater Middle East, helping the m on their journey to
faith in Jesus Christ"
This was followed in June with a "Special Mention" for SAT-7 KIDS at the 2022 Prix Jeunesse
International Festival in Germany. The channel's Story in the Attic programme (pictured above) was
commended for tackling the important topic of early marriage. The show teaches children to
understand theirvalue and basic rights and encourages viewers to promote these rights in their own
contexts. AnotherSAT-7 KIDS programrne, City ofStar5, which promote5 disability inclusion, was also
featured in the festival's catalogue of "Quality in Children's TV Worldwide"
A year on f rom Turkiye'5 Wlthdrawal from the Istanbul Convention, which combats violence against
women, SAT-7TURK programme YouAre NotAlone reachedoutto vulnerablewomen inthe country
in July. The show provided expert advice to viewers enduring diff icult home lives. One episode was
watched by 36,(KK) people on Facebook, in addition to its audience on satellite television. One
viewersaid, "As a Christian woman in our society, sometimes one feels stuck. SAT-7 TU RK helps me
overcome the feeling of being alone.
At a time when millions of children are out of school owing to poverty, inadequate education
systems, widespread displacement, and the continuing impact of COVID-19, SAT-7 launched a fifth
series of the popular primary education series My School in August. The series took an innovative
modular approach, breakingdown the teaching into 250 10-minute segments accompanied by video
clips to help young people who have missed school - some for as long as 15 years- to catch up.

SAT-7 UK TRUST LIMITED
In September, protests erupted in Iran following the death of Mahsa Amini in police custody, and
continued for the rest of the year despite a violent re sponse from the authorities that claimed
hundreds of lives. SAT-7's Persian channel, SAT-7 PARS, supported viewers through special live
programmes, prayer, encouragement, and guidance. Ayman, an Iranian man, told SAT-7 PARS,
viewersupportteam, "I know howthe rights of this nation have been violated,. I know how we were
taken hostage, and how the women of Iran, half of the nation, have been subjected to oppression,
injustice and prejudice... There is so muth pain and suffering, butthe Lord is with the oppre ssed and
comes to their aid.
IJ
SAT-7 launched live programme Today Not Tomorrow in October as part of tts five-year Gender
Equality and Freedom of Religion or Belief IFORBI project. An innovative feature is a new mobile set
Ipictured above) that travels to a drfferentvillage for each episode to engage with residents and get
close to viewers on the ground.
As Christians in Afghanistan continue to endure oppression and fear under the Taliban, SAT-7
launched a new live weekly programme Church4Afghonistan, broadcast on Instagram and Facebook.
Presenter Noorullah Noor, an Afghan asslstant pastor living in Germany, explores biblical topics with
different guests and also discusses the current situation in Afghanistan, especially for the Christians
living in the tountry.
On 10 DecemberSAT-7's dedicated Arabic-language children's channel telebrated 15years on air. To
mark this major milestone, it launched a year-long promotional campaign called 'Tomorrow is
Yours" to encourage children in the MENA to create a future for themselves by drawing on the
wisdom and power that God supplies.

SAT-7 UK TRUST LIMITED
12. Revlew ofthe year- workin the UK
Supporter Messaging & Events: Our messaging in the first half of the year built on the previous
year's Advent theme, "Watch and Wait" to a linked focus during Lent of, 'Watch and Pray.. A 40-day
prayer watch for SAT-7's viewers." The prayer guide included weekly small group material, with
discussion questions based on the week's theme and a story from the life of Jesus, as well as a guide
for supporters to host their own Live Prayer Watch event. To mark the start of Lent, we held a
special News and Prayer Live 'Prayer Watch, lunchtime and evening event, with over 2(K) attending.
In the second half of the year, we launched our"Free to Believe" advocacy campaign, which formed
part of SAT-7's formal response to the U K government ministerial on the Freedom of Religion or
Belief IFORBI. Launched at the New Wine United conference Iwhere over 250 people added their
voicel, it was then profiled at other summer events in Northern Ireland, as well as online and to
supporters. Archbishop Angaelos, SAT-7's International board thair, was interviewed as part of the
campaign. And Fiona Bruce M P sent a message of thanks..
On behalf of the UK government I want to thank SAT-7 supporters for adding their
voice to the Free to Believe campaign, followingthe Ministerial earlier this year. We
all need to take action to raise the issues of people's freedoms,. espetially the
f reedom to believe and to worship. Please do continue to support SAT-7, as they
seek to share powerful testimonies of faith right across the Middle East and North
Africa., Fiona Bruce M P and the Prime Ministerfs Special Envoy for Freedom of
Religion or Belief
Towards the end of the year the focus on FORB continued within the Advent
theme, Silent Night, highlighting how Christians are silenced in different ways in
different parts of the MENA region. The campaign included a special Advent
News & Prayer Live event with a focus on Iran and 7,(KK) copies of the Silent
Night prayer guide plus church packs were sent to supporters. Silent N ight
Advent resources, including country fact-file sheets, music and poetry
challenges, were also created for schools in a trial, endorsed by TV presenter, Gemma Hunt.
The campaign culminated in a recording of the Silent Night Christmas carol, recorded a nd filmed at
various SAT-7 studios in the different locations and languages of the Middle East and North Africa
region, as well as involving churches and schools. Over 25 groups took part, singing in a variety of
languages includin8 Arabic, Turkish, Farsi, French and English.
Digital Media: We've continued to reach a younger demographic through our digital acqui51tion
strategy. Website visitors, new users, website sessions and page views have all increased in Q4
compared to 2022. Our social media following is steadily growing on most platforms with Instagram
at nearly 705 followers and Twitterat 2,974. YouTube grew to 9,560 subscribers. Ouremail marketing
continuesto perform strongly with an average open rate greater than 40%. Through regular emails,
we continue to share news- promote events- campaigns and appeals. The total number of unique
emails sent in 2022 was 130, including everythingf rom prayerdiary, Briefing, events, to campaign a
appeals.
Church Engagement: We continued our approach of meeting Christians "where they are" and
connerted with supporters and churches through a range of well-attended and engaging digital
events, backed up by a stream of high-quality print and digital communications, creative prese ntatv)n
and video resources, and fundraisingappeals. Although there was still some wariness atthe beginnrig
of the year due to Covid, church speaking engagements have picked up during the year. 40 out of 97
speaking engagements in 2022, were carried out by Ambassadors, with the others facilttated by the
staff team. Although more face-to-face speaking engagements took place in 2022 than 2021, they

SAT-7 UK TRUST LIMITED
have not returned to pre pandemic number5. 8 new ambassadors were recruited and trained, we
currently have 59 Church Ambassadors and 27 Speakers.
Promotion of the new church partnership programme began fully in 2022. Responses have been
positive, some improverrEnts have been madetothe programme and IS churches have so far bea)me
*•
partners with others committing to supporting SAT-7 projects. We continued to use videos and
personalised email communication to deepen our engagement with our supporting churches.
Income generation: Fundraising was challenging in 2022, with the rising cost of living and inf lation
levels there was uncertainty about the f uture, this led to slower giving during the year. But we were
greatly encouraged in the final quarter and ended the yearjust 2% behind our income target. We
were also able to make grants of £1.4M to SAT-7 International, achieving our target.
We continued to be encouraged by the growth in income from churches, which grew by 8% in 2022.
The regular giving programme (joy bringers) grew by 30A, and we continued to acquire new
supporters, albeit at a slower rate than the previous year.
We held the three online f undraisers in lune 2022 with the goal of obtaining new regular givers lloy
bringers), and were greatly encouraged bythe response to these and will build on this programme in
2023. The major donor programme continues to f lourish and a mid-level donor programme was
launched.
13. Financial Review
The f inancial results forthe yearare set out in the Statement of Financial Activities. In 2022 SAT-7 U K's
income was £2,190,446 12021.. £2,339,278), the income was only 2% below the 2022 budget and a
decrease of 6.4% from 2021. SAT-7 UK made grants of £1,401,297 (Budget El.4MI to SAT-7
International Trust during 2022.
Expendtture on raising funds was £439,55812021= £4CE,0881 while expenditure on charitable
activities was £1,804,323 12021.. £1,811,539). Net income and expenditure in 2022 showed a deficit
of £53,43512021.' surplus £121,651). ReseNes had been increased during the pandemic, hence the
surplu5 was deliberately reduced in 2022 to bring the reserves down.
Net assets at 31 December 2022 were £712,41512021= £765,850). Cash at bank and in hand at 31
December 2022 amounted to £496,93112021'. £451,631).
Reserves Policy
The trustees have established a policy wherebythe unrestricted funds not committed or invested in
tangible fixed assets Ithe 'f ree reserves") held by the charity should be suff icient at the end of any
calendar month to meet the planned workin8 requirements of the charity for the next two to four
months. In 2023 the planned working requirements are budgeted to be on average £68,(KK) per
month. The trustees are of the opinion that this level is adequate to ensure that the trust continues
at a sustainable level. The trustees do not have any material uncertainties surrounding the charity
continuing as a going concern, so the trustees do notconsiderthat it is necessary to reflect within the
level of reserves any estimate of the costs of closure.
At 31 December 2022 SAT-7 U K Trust I'the charity'l held total reserves of £712,415
comprising:
The Expendable Endowment Fund which was established to ref lect the Inon-bindingl wish of
a donor that the assets donated to the charity would be used to generate income for the
charity over the long run. This fund stands at £310,000 all of which is held in investment
properties. The trustees have the power to sell the investment properties and the power to
transfer expendable endowment f unds to general f unds.
The Designated Funds which were established by the trustees to set aside funds for specift
projects planned within 12 - 18 months. At 31 December 2022 the f Ljnd stood at £183,271
12021 £125,750).

SAT-7 UK TRUST LIMITED
General Unrestritted Funds stood at £219,144 12021 £330,1(K)I representing tangible f ixed
assets held forthe charity's own use of £9,337 and f ree reserves of £209,80712021 £319,944).
No Restricted Funds were held by the charity at 310ecember 2022.
At 31 December 2022 the Free Reserves stood at £2CY3,807 12021 £319,944). This represented 3.co
months of expenditure on planned working requirements in 2022 which is within the range of the
charf(y's reserves policy and considered by the trustees to be satisfactory. When carryingout period
reviews of the reserves held, the trustees take into account that, given the purpose of the Expendab
Endowment and Designated f unds, these funds could be drawn upon in the event of deterioration in
the free reserves position.
The trustees continue to keep the charity's reserves policy under review to ensure that it maintains
the right level forSAT-7 UKTrust and explains to its funders, donors and beneficiaries why it is holding
this level of reserves.
Funds held as custodian trustee
SAT-7 UK acts as a custodian trustee holding cash on behalf of SAT-7 International Trust. SAT-7
International Trust's objerts are consistent with those of SAT-7 UK. SAT-7 U K holds this cash in a
separate designated bank account with a trustee approved bank mandate safeguarding the
movement of these funds. Refer to note 18 for details of the funds received, payments made, and
balances held on behalf of SAT-7 International Trust in the year.
Investments
Investments relate totwof lats donated in 2015 and 2018. These f lats remain rented out. The flats are
held as investment properties within the existing expendable endowmentf und and were reClassif￿d
in 2019 as currentassets in the balance sheet as the intention was to sell them. Due to an unsuccessFul
sale and the challenging economic situation the decision was made to take the f lats off the markeL
hence in Dec-22 the flats were reclassified as fixed assets.
ststement of Tmstees, Responsibilities
The trustees (who are also directors of SAT-7 U K Trust Limtted for the purposes of company lawl ar
responsible for preparing the Trustees, report lincorporating the strategic report and dirertor
report) and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards, including Financial Reporting Standard 102.. The Financiol Reporting St(yndun
applicable in the UKond Republic of Ireland Iunited Kingdom Accepted Accounting Prarticel.
Company law requiresthe trustees to prepare f inancial statements foreach financial year which give
a true and fair view of the state of affairs of the charitable company and of the income arKI
expenditure, of the charitable company for that period. In preparing these financial statements, the
trustees are required to..
select suitable accounting policies and therb apply them consistently.
obseNe the methods and principles in the Charities SORP.
make judgments and accounting estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed, subject to any
material departures disclosed and explained in the financial statements- and
prepare the f inancial statements on the going concern basis unless it is inappropriate to
presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that disclose with reasonab
accuracy at any time the f inancial position of the charitable company and enable them to ensure that
the financial statements comply with the Companies Act 20CNS. They are also responsible for

SAT-7 UK TRUST LIMITED
safeguarding the assets of the charitable company and hence for taking reasonable steps for t
prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
there is no relevant audit information of which the charitable company's auditors are
unaware- and
the trustees have taken all steps that they ought to make themselves aware of that
information.
Auditor
Burton Sweet Limited wa5 re-appointed as the Charity's auditor during the year and has expressed
their willingness to continue in that capacity.
This report and the f inancial statements have been prepared in accordance with the Companies Art
2￿6 the charitable Company's Memorandum and Articles of Association and the Statement of
Recommended Practice "Accounting and Reporting by Charities" l FRS102 SORPI.
Registered office..
2. Floor
3-4 New Road
Chippenham
Wiltshire SN 15 IEJ
If you have questions or would like more detail about the Trust, please contact the Chippenham
office, where staff will be happy to respond to your queries.
Approved by the trustees on 25 April 2023.
Signed on behalf of the trustees
Mr Richard Giles
Chaimian
Mrs Rachel Fadipe
Chief Executive Officer

SAT-7 UK TRUST LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SAT-7 UK TRUST LIMITED
Opinion
We have audited the f inancial statements of Sat-7 UKTrust Limited Ithe "Charity") forthe yearended
31 December2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash
Flow Statement and notes to the financial statements, including a summary of signif icant accounting
policies. The f inancial reporting framework that has been applied in the ir preparation is applicable
law and United Kingdom Accounting Standards, including Financial Reporting Standard 102.. The
Financial Reporting Standard applicable in the UK and Republic of Ireland Iunited Kingdom General
Accepted Accounting Practice).
This report is made solely to the Charity's members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Att 2CX)6. Our audit work has been undertaken so that we might state to the
Charity's members those matters we are required to state in them in an audttorf5 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's members as a body, for our audtt work, fof this report, or for the
opinions we have formed.
In our opinion, the financial statements..
give a true and fair view of the state of the Charity's affairs as at 31 December2022 and of its
income and expenditure for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice,.
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted out audit in accordance with international Standards in Auditing IUKI IISAS l U Kll and
applicable law. Our responsibilities under those standards are f urther described in the Auditorfs
responsibilities forthe audit of the financial statements section of ourreport. We are independent of
the Charity in accordance with the ethical requireme ntsthat are relevantto our audit of the financial
statements in the UK, including the FRC'S Ethical Standard, and we have f ulfilled 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 directors, use of the going COn￿M
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identif led any material uncertainties relating to
events or conditions that, individually or collectively, may cast signif icant doubt on the charity's
ability to continue as a going concern for a period of at least twelve monthsf rom when the f inancial
statements are authorised for issue.
Our responsibilities and the responsibilities of the direttors with respect to going concern are
described in the relevant Sections of this report.

SAT-7 UK TRUST LIMITED
Other infomiation
The trustees are responsible for the other information. The other information comprises the
information included in the annual report otherthan the f inancial statements and out audttorfs reFX)rt
thereon. Our opinion on the f inancial statements does not cover the other information and, ex￿pt
to the extent otherwise explicttly stated in our report, we do not express any form of assuran
conclusion thereon.
In connection with our audit of the f inancial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent wth
the financial statements or ourknowledgeobtained in the audit or otherwise appears to be material
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
the fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2(￿6
In our opinion, based on the work undertaken in the course of the audit..
the information given in the trustees, report lincorporating the strategic report and the
directors, reportl for the f inancial year for which the f inancial statements are prepared is
consistent with the financial statements,. and
the trustees. report l incorporating the strategic report and the direttors, report) have been
prepared in accordance with applicable law requirements.
Matters on which we are required to report byexception
We have nothing to report in respect of the following matters in relation to which the Companies Att
2(X)6 requires us to report to you if, in our opinion..
suff icient accounting records have not been kept;
the financial statements are not in agreement with the accounting records and returns;
certain disclosures of trustees, remuneration specified by law are not made- or
we have not obtained all the information and explanations necessaryforthe PLJrposes of our
audit.
Responsibilitie5 of tru5tee5
As explained more f ully in the trustees, responsibilities statement, thetrustees are responsible forthe
preparation of the f inancial statements and for being satisfied that theygive a true and fair view, and
for such internal control as they determine is necessary to enable the preparation of f inancial
statements that are f ree f rom material mi5Statement, whether due to fraud or error.

SAT-7 UK TRUST LIMITED
In preparingthe f inancial 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.
Auditorfs responsibilities forthe audit of the financial 5tatementS
Our objectives are to obtain reasonable assurance aboutwhetherthe f inancialstatements as a who
are free f rom material misstatement, whetherdue to f raud 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
thatan audit conducted in accordance with ISAS IUKI will always detect a material misstatementwhen
it exists. Misstatements can arise from f raud or errorand are considered material if, individually or in
the aggregate, they could reasonably be expected to influence the economicdecisions of userstaken
on the basis of these f inancial statements.
Our approach to identifying and assessing the risks of material mi5Statement in respett of
irregularities, including fraud and non-compliance with law5 and regulations, wa5 as follows:
the engagement partnerensured thatthe engagementteam collectively had the appropriate
competence, capabilities and skills to identify or recognise non-compliance with applicable
laws and regulations-
we identif led the laws and regulations applicable to the charity through discussions with
directors and other management, and from our knowledge and experience of the sector;
we focused on specif ic laws and regulations which we conside red may have a direct material
effect on the financial statements of the operations of the company, includingthe CompanEs
Att 2QK)6, taxation legislation and data protertion, anti-bribery, employment, environmentsl
and health and safety legislation;
we assessed the extent of compliance with the laws and regulations identrfied above throu
making enquiries of management and inspecting legal correspondence; and
identif led laws and regulations were communicated within the audit team regularly and the
team remained alert to instances of non-compliance through the audit.
We as5es5ed the susceptibility of the charity's financial statements to material mi5Statement
including obtaining an understanding of how fraud might occur, by=
making enquiries of management as to where they considered there was susceptibility to
f raud, their knowledge of actual, suspected and alleged f raud;
considering the internal controls in place to mitigate risks of fraud and non-compliance with
laws and regulations; and
understanding the design of the charity's remuneration policies.
To address the risk of f raud throuEh management bias and override of controls, we..
performed analytical procedures to identify any unusual or unexpected relationships,.
tested journal entries to identrfy unusual transattions;
assessed whether judgements and assumptions made in determining the accounting
estimates set out in the accounting policies were indicative of potential bias,. and
investigated the rationale behind significant or unusual transactions.

SAT-7 UK TRUST LIMITED
In response to the risk of irregularities and non-compliance wtth laws and regulations, we designed
procedures which included, but were not limited to..
agreeing financial statement disclosures to underlying 5UPPOrting documentation;
reading the minutes of meetings of those charged with governance-
enquiring of management as to actual and potential litlEation and claims,. and
reviewing correspondencewith HMRC, relevant regulators and the company's legal advisors.
There are inherent limitations in our audit procedures described above. The more removed that laws
and regulations are from financial transattions, the less likely it is that we would become aware of
non-compliance. Auditing Standards also limit the audit procedures required to identify non-
compliance with laws and regulations to enquiry of the directors and other management and the
inspection of regulatory and legal correspondence, if anv.
Material misstatements that arise due to f raud can be harder to detect than those that arise from
error as they may involve deliberate concealment or collusion.
A further description of our responsibiltties for the audit of the f inancial statements is located on the
Financial Reporting Council's website at www.frc.or
sco
rivate.cfm This description
forms part of our auditorfs report.
Joshua Kingston ACA (Senior Statutory Auditor)
For and on behalf of Burton Sweet Limited
Statutory Audttor
The Clock Tower
5 Farleigh Court
Old Weston Road
Flax Bourton
Bristol BS48 IU R
Date.. 25 April 2023.

## **SAT-7 UK Trust Limited** 

## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)** 

## **YEAR ENDED 31 DECEMBER 2022** 

|**Unrestricted **<br>**General**<br>**Funds**<br>**£**<br>**Income and endowments from:**<br>**2**<br>1,563,107<br>20,340<br>2,871<br>6,836<br>1,593,154<br>**3**<br>433,863<br>**3**<br>1,168,148<br>1,602,011<br>**Net income/(expenditure)**<br>**5**<br>(8,857)<br>Transfers between funds<br>**15**<br>(102,099)<br>**Net movement in funds**<br>(110,956)<br>**15**<br>330,100<br>**15**<br>219,144<br>**Note**<br>**Total expenditure**<br>Investments<br>Other trading activities<br>Raising funds<br>Charitable activities<br>Total income<br>**Expenditure on:**<br>Donations and legacies<br>Other income<br>**Funds brought**<br>**forward at 1 January**<br>**Funds carried forward at**<br>**31 December**|**Unrestricted**<br>**Designated**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>5,695<br>38,883<br>44,578<br>(44,578)<br>102,099<br>57,521<br>125,750<br>183,271|**Restricted**<br>**Funds**<br>**£**<br>597,292<br>-<br>-<br>-<br>597,292<br>-<br>597,292<br>597,292<br>-<br>-<br>-<br>-<br>-|**Endowment **<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>310,000<br>310,000|**Total Funds**<br>**2022**<br>**£**<br>**2,160,399**<br>**20,340**<br>**2,871**<br>**6,836**<br>**2,190,446**<br>**439,558**<br>**1,804,323**<br>**2,243,881**<br>**(53,435)**<br>**-**<br>**(53,435)**<br>**765,850**<br>**712,415**|_Total Funds_<br>_2021_<br>_£_<br>_2,316,107_<br>_15,995_<br>_2,455_<br>_4,721_<br>_2,339,278_<br>_406,088_<br>_1,811,539_<br>_2,217,627_<br>_121,651_<br>_-_<br>_121,651_<br>_644,199_<br>_765,850_|
|---|---|---|---|---|---|



Net expenditure for Companies Act purposes is £53,435. 

The charity has no recognised gains or losses other than the results for the year as set out above. 

All of the activities of the charity are classed as continuing. 

**The notes on pages 24 to 37 form part of these financial statements See note 20 for fund-accounting comparative figures** 

**21** Page 



**SAT-7 UK Trust Limited BALANCE SHEET** 


**----- Start of picture text -----**<br>
AS AT 31 DECEMBER 2022 Company Number:  03301736<br>2022 2021<br>Note £ £<br>Fixed Assets<br>Tangible fixed assets  8 9,337 10,156<br>Investments 9 310,000 -<br>Current assets<br>Investments 9 - 310,000<br>Stock 2,035 3,839<br>Debtors 10 50,332 92,413<br>Cash at bank and in hand 496,931 451,631<br>549,298 857,883<br>Creditors : Amounts falling<br>due within one year 11 (156,220) (102,189)<br>Net current assets 393,078 755,694<br>Net assets 712,415 765,850<br>Endowment funds 16 310,000 310,000<br>Income funds<br>Unrestricted funds:<br>General funds 16 219,144 330,100<br>Designated funds 16 183,271 125,750<br>402,415 455,850<br>Total funds 712,415 765,850<br>**----- End of picture text -----**<br>


These financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006 

These financial statements were approved by the trustees on 25 April 2023 and are signed on their behalf by: 

Mr Richard Giles Chairman 

**The notes on pages 24 to 37 form part of these financial statements** 

**22** Page 



**SAT-7 UK Trust Limited** 

## **CASH FLOW STATEMENT** 

## **YEAR ENDED 31 DECEMBER 2022** 

|**Note**<br>**Operational cash flows**<br>**Cash flows from operating activities:**<br>Costs of Charitable Activities<br>**13**<br>**Net outflow from operating activities**<br>**Cash flows for operating activities:**<br>Donations and Legacies<br>**13**<br>Other trading activities<br>**13**<br>Other income<br>**13**<br>Costs of raising funds<br>**13**<br>**Net inflow for operating activities**<br>**Net inflow/(outflow) of operating activities**<br>**Non-operational cash flows**<br>**Investing activities**<br>**13**<br>Acquisition of tangible fixed assets<br>**8**<br>**Net cash inflow/(outflow) for the year**<br>**14**<br>**Cashflow Restrictions**<br>Investments - investment property<br>income|**2022**<br>**£**<br>**(1,744,941)**<br>**(1,744,941)**<br>**2,202,811**<br>**2,871**<br>**6,836**<br>**(437,754)**<br>**1,774,764**<br>**29,823**<br>**20,340**<br>**(4,863)**<br>**15,477**<br>**45,300**|_2021_<br>_£_<br>_(1,822,445)_<br>_(1,822,445)_<br>_2,334,301_<br>_2,455_<br>_4,721_<br>_(409,044)_<br>_1,932,433_<br>_109,988_<br>_15,995_<br>_(5,597)_<br>_10,398_<br>_120,386_|
|---|---|---|



Charity law prohibits the use of net cash inflows on any endowed or other restricted fund to offset net cash outflows on any fund outside its own objects, except on special authority. In practice, this restriction has not had any effect on cash flows for the year. 

**The notes on pages 24 to 37 form part of these financial statements** 

**23** Page 



**SAT-7 UK Trust Limited** 

**NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31 DECEMBER 2022** 

## **1 Accounting policies** 

- a) The financial statements have been prepared in accordance with the historical cost convention except for investments which have been included at fair value and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2019. 

The charity is a public benefit entity as defined under FRS102. 

The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. The Trustees assess that the charity has sufficient reserves to be able to meet the challenges of the current economic environment and the charity's liabilities as they fall due. 

- b) Income is accounted for as receivable once there is a reasonable certainty of the probable economic benefit from the resource and the amount can be reliably measured. Income from donations is included when these are receivable, except as follows: 

I. When donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods; 

II. When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-conditions have been met. 

- c) Expenditure is recognised in the period in which a legal or constructive obligation arises. Expenditure includes attributable VAT which cannot be recovered. 

Certain expenditure is directly attributable to specific activities and this has been included in those cost categories. Other costs, which are attributable to more than one category, are apportioned across cost categories on the basis of workload surveys carried out from time to time. 

- d) Grants payable are charged in the year when the offer is conveyed to the recipient. 

- e) Functional fixed assets are held at cost less accumulated depreciation. Assets costing less than £500 are generally not capitalised. 

Depreciation is calculated so as to write off the cost of an asset, less its estimated ultimate residual value, over the useful life of that asset as follows: 

Leasehold improvements - straight line over the length of the lease to the break clause Office equipment - 33% p.a. straight line 

Office furniture - 25% p.a. straight line 

- f) Stock is held at the lower of cost, including irrecoverable VAT, and net realisable value. 

- g) Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities are retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to the SOFA. 

- h) Unrestricted funds can be used in accordance with the charitable objects at the discretion of the board of trustees. 

- i) Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

- j) Property donated to the charity has been included as an expendable endowment and is being used to generate income for the charity. There is no legal requirement to hold the property for this purpose (and therefore, it is not permanently endowed), but the Trustees believe this use is in line with intentions of the donor in the medium term. 

**24** Page 



**SAT-7 UK Trust Limited NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31 DECEMBER 2022** 

## **1 Accounting policies** _**(continued)**_ 

- k) The charity contributes to defined contribution pension schemes.  Contributions payable to the charity's pension schemes are charged to the Statement of Financial Activities in the period to which they relate. 

- l) Investments are included at market value at 31 December. The SOFA includes the net gains and losses arising on revaluations and disposals during the year. 

   - Investment properties are included at open market value. Valuations are carried out every five years with an informal annual review to ensure no material change in valuation has occurred. Annual reviews by the Trustees for indicators of impairment are carried out. The date of the last valuation was as at 31 December 2022 conducted by haart Estate Agents. 

- m) Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any discounts due. 

- n) Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 

- o) Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts due. 

## **2 Donations and gifts** 

|**Current year**<br>Churches<br>Institutions<br>Individuals|**Unrestricted**<br>**Funds**<br>**£**<br>132,366<br>135,735<br>1,295,006<br>1,563,107|**Restricted**<br>**Funds**<br>**£**<br>43,112<br>225,057<br>329,123<br>597,292|**Endowment**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-|**Total**<br>**2022**<br>**£**<br>**175,478**<br>**360,792**<br>**1,624,129**<br>**2,160,399**|_Total_<br>_2021_<br>_£_<br>_162,794_<br>_421,008_<br>_1,732,305_<br>_2,316,107_|
|---|---|---|---|---|---|



For the comparative figures please see note 21. 

As at the year-end the charity had been notified of two legacies, the value of which is uncertain but is unlikely to exceed £7,212 in total. There is one further legacy that the charity has been notified of but this cannot be measured reliably at the approval date of the financial statements. 

**25** Page 



## **SAT-7 UK Trust Limited** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31 DECEMBER 2022** 

|**3**<br>**Expenditure**<br>**Current year**<br>_Raising funds_<br>Staff costs<br>Promotional activities<br>Office costs<br>_Charitable activities_<br>In the UK<br>Supporting the church in the MENA<br>region|**Grants**<br>**payable**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>1,401,297<br>1,401,297<br>1,401,297|**Direct**<br>**costs**<br>**£**<br>236,548<br>102,889<br>-<br>339,437<br>267,394<br>-<br>267,394<br>606,831|**Support**<br>**costs**<br>**(note 4)**<br>**£**<br>24,065<br>-<br>76,056<br>100,121<br>135,632<br>-<br>135,632<br>235,753|**Total**<br>**2022**<br>**£**<br>**260,613**<br>**102,889**<br>**76,056**<br>**439,558**<br>**403,026**<br>**1,401,297**<br>**1,804,323**<br>**2,243,881**|_Total_<br>_2021_<br>_Restated_<br>_£_<br>_294,558_<br>_36,044_<br>_75,486_<br>_406,088_<br>_384,104_<br>_1,427,435_<br>_1,811,539_<br>_2,217,627_|
|---|---|---|---|---|---|



For the comparative figures please see note 22. 

Please see the following page for the definitions of the charitable activities described above. 

SAT-7 UK's charitable activities are detailed  in section 9 of the Trustees' Annual Report. They include: 

## **In the UK** 

Raising awareness about our work, providing information about the region we operate in and encouraging prayer. 

Engaging and mobilising Church in the UK and Ireland. 

Preparing the next generation of supporters. 

## **Supporting the church in the MENA region** 

Making grants to encourage the development of a growing Church and to make the Gospel available to everyone in the Middle East and North Africa. 

Grants were paid to SAT-7 International Trust of £1,401,297 (2021: £1,427,435). 

Grants to SAT-7 International Trust consist of restricted grants for specific projects and unrestricted grants to be used by SAT-7 International Trust in fulfilling their charitable activities. 

**26** Page 



**SAT-7 UK Trust Limited NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31 DECEMBER 2022** 

## **4 Support costs** 

|**_Current year_**<br>Staff costs and staff related costs<br>Premises expenses<br>Admin expenses<br>Depreciation<br>Governance costs|**Raising**<br>**funds**<br>**£**<br>24,065<br>21,668<br>51,661<br>2,727<br>-<br>100,121|**Charitable**<br>**activities**<br>**£**<br>5,267<br>14,965<br>96,871<br>2,955<br>15,574<br>135,632|**Total**<br>**2022**<br>**£**<br>**29,332**<br>**36,633**<br>**148,532**<br>**5,682**<br>**15,574**<br>**235,753**|_Total_<br>_2021_<br>_Restated_<br>_£_<br>_7,825_<br>_25,024_<br>_150,054_<br>_6,045_<br>_13,513_<br>_202,461_|
|---|---|---|---|---|



For the comparative figures please see note 23. 

## **5 Net (expenditure)/income for the year** 

|**This is stated after charging:**<br>Depreciation<br>Auditor's fees:<br>For audit services<br>For accountancy services<br>For other services<br>Payments of Trustees' travel expenses|**2022**<br>**£**<br>5,682<br>7,000<br>2,500<br>2,004<br>1,122|_2021_<br>_£_<br>_6,045_<br>6,660<br>2,340<br>3,690<br>_706_|
|---|---|---|



Trustees reimbursed for their out of pocket travel expenses: 2022: 4 (2021: 3). No Trustee received any remuneration during the year. 

Aggregate donations from Trustees and other related parties in the year were £34,705 (2021: £41,920). 

## **6 Staff costs and numbers** 

The aggregate payroll costs were: 

|Wages & salaries<br>Social security costs<br>Pension contributions<br>Benefits<br>Redundancy costs<br>Remuneration and benefits received by key management personnel including<br>employer's national insurance and employer's pension|**2022**<br>**£**<br>425,368<br>33,635<br>22,513<br>3,046<br>-<br>484,562<br>180,615|_2021_<br>_£_<br>_453,675_<br>_29,778_<br>_23,778_<br>_1,827_<br>_11,125_<br>_520,183_<br>_170,162_|
|---|---|---|



One employee received emoluments between £60,000 to £70,000. 

The average weekly number of employees based on headcount during the year was 17 (2021: 18). 

**27** Page 



**SAT-7 UK Trust Limited NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31 DECEMBER 2022** 

## **7 Taxation** 

The charity is exempt from corporation tax on its charitable activities. 

## **8 Tangible fixed assets** 

|**Leasehold**<br>**improvements**<br>**£**<br>**Cost**<br>At 1 January 2022<br>5,149<br>Additions<br>-<br>At 31 December 2022<br>5,149<br>**Depreciation**<br>At 1 January 2022<br>4,565<br>Depreciation<br>198<br>At 31 December 2022<br>4,763<br>**Net book value**<br>At 31 December 2022<br>**386**<br>At 31 December 2021<br>_584_<br>**9**<br>**Investments**<br>**Investment properties**<br>Market Value at 1 January<br>Market Value at 31 December<br>Historical cost at 31 December|**Office**<br>**equipment**<br>**£**<br>37,973<br>4,863<br>42,836<br>30,200<br>4,651<br>34,851<br>**7,985**<br>_7,773_|**Office**<br>**furniture**<br>**£**<br>15,348<br>-<br>15,348<br>13,549<br>833<br>14,382<br>**966**<br>_1,799_<br>**2022**<br>**£**<br>310,000<br>310,000<br>310,000|**Total**<br>**£**<br>58,470<br>4,863<br>63,333<br>48,314<br>5,682<br>53,996<br>**9,337**<br>_10,156_<br>_2021_<br>_£_<br>_310,000_<br>_310,000_<br>_310,000_|
|---|---|---|---|



The investment properties were classified as current assets in the prior period, as it was the trustees' intention to sell the assets within 12 months. This year the trustees' intentions have changed, reclassifying the assets as fixed asset investments. As the properties have not been sold this financial year, the Trustees obtained a formal valuation at 31 December 2022 from Haart Estate Agents. 

## **10 Debtors** 

|Other debtors<br>Prepayments and accrued income<br>Tax reclaimable under Gift Aid|**2022**<br>**£**<br>1,413<br>38,775<br>10,144<br>50,332|_2021_<br>_£_<br>_970_<br>_79,637_<br>_11,806_<br>_92,413_|
|---|---|---|



**28** Page 



**SAT-7 UK Trust Limited** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31 DECEMBER 2022** 

## **11 Creditors: amounts falling due within one year** 

|Trade creditors<br>Accruals and deferred income<br>Other creditors<br>SAT-7 International Trust|**2022**<br>**£**<br>25,450<br>19,721<br>625<br>110,424<br>156,220|_2021_<br>_£_<br>_7,971_<br>_13,515_<br>_2,061_<br>_78,642_<br>_102,189_|
|---|---|---|



## **12 Commitments under operating leases** 

At 31 December 2022 the charitable company had total minimum lease payments under non-cancellable operating leases as follows: 

|Within 1 year<br>2 to 5 years|**2022**<br>**Land &**<br>**buildings**<br>**£**<br>13,598<br>16,282|_2021_<br>_Land &_<br>_buildings_<br>_£_<br>_14,938_<br>_29,880_|
|---|---|---|



**29** Page 



**SAT-7 UK Trust Limited** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31 DECEMBER 2022** 

## **13 Reconciliation of the Statement of Financial Activities to the Cash Flow Statement** 

|**SOFA**<br>**Income from:**<br>Donations and legacies<br>**2,160,399**<br>Movement in donation<br>debtor<br>Investments<br>**20,340**<br>Other trading activities<br>**2,871**<br>Other income<br>**6,836**<br>**Expenditure on:**<br>Raising funds<br>**(439,558)**<br>Increase in stock<br>Charitable activities<br>**(1,804,323)**<br>Depreciation eliminated<br>**5,682**<br>Increase to accruals<br>Balance sheet movements<br>**14 Analysis of changes in cash during the year**<br>Cash at bank and in hand<br>Cash at bank and in hand<br>Movement in other debtors,<br>prepayments and accrued income<br>Increase in trade and other creditors<br>Decrease in tax reclaimable under<br>Gift Aid|**Debtors**<br>**adjustment**<br>-<br>1,662<br>40,750<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>(331)<br>-<br>-<br>42,081|**Creditors**<br>**adjustment**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>47,825<br>6,206<br>54,031<br>**2022**<br>**£**<br>**496,931**<br>_2021_<br>_£_<br>_451,631_|**Stock**<br>**adjustment**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>1,804<br>-<br>-<br>-<br>-<br>-<br>1,804<br>_2021_<br>_£_<br>_451,631_<br>_2020_<br>_£_<br>_331,245_|**Cashflow**<br>**2,202,811**<br>**20,340**<br>**2,871**<br>**6,836**<br>**(437,754)**<br>**(1,744,941)**<br>**Change**<br>**£**<br>**45,300**<br>**Change**<br>**£**<br>**120,386**|
|---|---|---|---|---|



**30** Page 



**SAT-7 UK Trust Limited** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31 DECEMBER 2022** 

|**15 **|**Movement in funds**<br>**Year ended 31 December 2022**<br>**Endowment funds**<br>Expendable endowment<br>**Restricted funds**<br>_SAT-7 International projects_<br>Cross Channel Projects<br>Cross Channel: Women's<br>Programming<br>SAT-7 ACADEMY<br>SAT-7 ARABIC<br>SAT-7 KIDS<br>SAT-7 PARS<br>SAT-7 TÜRK<br>_SAT-7 UK Trust projects_<br>SAT-7 UK Development<br>**Unrestricted funds**<br>General funds<br>Designated funds:<br>Development in the UK<br>Investment property<br>**Total funds**<br>Cross Channel: Discipleship<br>Programming<br>Cross Channel: Children's<br>Programming<br>UK Nationals working for SAT-7<br>International Trust|**At**<br>**1 Jan**<br>**2022**<br>**£**<br>310,000<br>310,000<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>330,100<br>125,750<br>-<br>455,850<br>**765,850**|**Income**<br>**£**<br>-<br>-<br>54,235<br>43,651<br>64,262<br>104,381<br>11,479<br>52,683<br>36,191<br>166,191<br>12,624<br>50,570<br>1,025<br>597,292<br>1,593,154<br>-<br>-<br>1,593,154<br>**2,190,446**|**Expenditure**<br>**£**<br>-<br>-<br>(54,235)<br>(43,651)<br>(64,262)<br>(104,381)<br>(11,479)<br>(52,683)<br>(36,191)<br>(166,191)<br>(12,624)<br>(50,570)<br>(1,025)<br>(597,292)<br>(1,602,011)<br>(44,578)<br>-<br>(1,646,589)<br>**(2,243,881)**|**Transfers**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>(102,099)<br>92,099<br>10,000<br>-<br>**-**|**At**<br>**31 Dec**<br>**2022**<br>**£**<br>310,000<br>310,000<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>219,144<br>173,271<br>10,000<br>402,415<br>**712,415**|
|---|---|---|---|---|---|---|



The comparative movement in funds figures can be found in note 24. 

## **Endowment funds** 

Expendable endowment 

Property donated to the charity has been included as an expendable endowment and is being used to generate income for the charity. There is no legal requirement to hold the property for this purpose (and therefore, it is not permanently endowed), but the Trustees believe this use is in line with intentions of the donor in the medium term. 

**31** Page 



**SAT-7 UK Trust Limited** 

**NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31 DECEMBER 2022** 

## **15 Movement in funds** _**(continued)**_ 

## **Restricted funds** 


**----- Start of picture text -----**<br>
|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Cross Channel Projects|Fund for the operating costs of SAT-7 and specific projects that cross all channels and|
|regions.|
|Cross Channel: Children's|Fund for programmes for children across of SAT-7’s channels and language groups.|
|Programming|
|Cross Channel: Discipleship|Fund for discipleship and bible|teaching programming|across all of SAT-7’s channels and|
|Programming|language groups.|
|Cross Channel: Education|Fund for education programming across all of SAT-7’s channels and language groups.|
|Programming|
|Cross Channel: Women's|Fund|for|programming|to|support|vulnerable|and|marginalised|women|across|all|of|SAT-|
|Programming|7’s channels and language groups.|
|SAT-7 ACADEMY|Fund for the operational costs of SAT-7’s education and development programming|
|broadcasting in Arabic on SAT-7 KIDS and SAT-7 ARABIC.|
|SAT-7 ARABIC|Fund for the operational costs of SAT-7’s Arabic language channel for young people and|
|adults (over 16 years).|
|SAT-7 KIDS|Fund for the operational costs of SAT-7’s children channel broadcasting in Arabic.|
|SAT-7 PARS|Fund for the operational costs of SAT-7’s Farsi language channel.|
|SAT-7 TÜRK|Fund for the operational costs of SAT-7’s Turkish language channel.|
|SAT-7 Plus|Fund for the new on-demand streaming service with programs in Arabic, Farsi, and|
|Turkish.|
|UK Nationals working for|Fund for the costs of UK nationals working for SAT-7 international Trust.|
|SAT-7 International Trust|
|SAT-7 UK Development|Fund for the operational and developmental cost of SAT-7 UK Trust in GB and Ireland.|

**----- End of picture text -----**<br>


## **Designated fund** 


**----- Start of picture text -----**<br>
|||
|---|---|
|This applies to funds given for general purposes but designated to a particular purpose by a resolution passed by the|
|Trustees of SAT-7 UK Trust.|
|Development in the UK|Designated funds agreed for the development of SAT-7 in the UK.|
|Investment property|The trustees have designated aside funds for potential costs relating to the cladding on|
|the investment properties.|

**----- End of picture text -----**<br>


**32** Page 



**SAT-7 UK Trust Limited** 

**NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31 DECEMBER 2022** 

## **16 Analysis of net assets between funds** 

|**As at 31 December 2022**<br>**Endowment fund**<br>Expendable endowment<br>**Unrestricted funds**<br>General funds<br>Designated funds|**Investments**<br>**£**<br>310,000<br>310,000<br>-<br>-<br>310,000|**Tangible**<br>**Fixed assets**<br>**£**<br>-<br>-<br>9,337<br>-<br>9,337|**Other**<br>**Net assets**<br>**£**<br>-<br>-<br>209,807<br>183,271<br>393,078|**Total**<br>**£**<br>**310,000**<br>**310,000**<br>**219,144**<br>**183,271**<br>**712,415**|
|---|---|---|---|---|



The comparative figures for the analysis of net assets between funds note can be found in note 25. 

## **17 Company limited by guarantee** 

The company is limited by guarantee and as such has no issued share capital. In the event of the company being wound up the liability of the members is limited to £1 each. 

## **18 Funds held as a custodian for others** 

At the year end, the charity held £592,753 (2021: £596,382) of cash balances under the control of SAT 7 International Trust. These balances have been excluded from the balance sheet. 

In the year funds were received on behalf of SAT-7 International Trust totalling £1,376,160 (2021: £1,375,204). Payments made as a custodian trustee on behalf of SAT-7 International Trust totalled £1,379,789 (2021: £1,231,154). 

Further details of the custodian trustee relationships can be found within the trustees' report. 

## **19 Related party transactions** 

There are no related party transactions other than disclosed elsewhere in these financial statements. 

**33** Page 



**SAT-7 UK Trust Limited** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31 DECEMBER 2022** 

## **COMPARATIVE FIGURES** 

The notes on the following pages contain comparative information and are integral to the financial statements as required by the Statement of Recommended Practice. 

## **20 Statement of Financial Activity comparative figures** 

|**_Unrestricted_**<br>**_General_**<br>**_Funds_**<br>**_£_**<br>**Income and endowments from:**<br>Donations and legacies<br>_1,494,356_<br>Investments<br>_15,995_<br>Other trading activities<br>_2,455_<br>Other income<br>_4,721_<br>**Total income funds**<br>_1,517,527_<br>**Expenditure on:**<br>Raising funds<br>_406,088_<br>Charitable activities<br>_943,343_<br>**Total expenditure**<br>_1,349,431_<br>**Net income/(expenditure)**<br>_168,096_<br>Transfers between funds<br>_(100,254)_<br>**Net movement in funds**<br>_67,842_<br>**Funds brought forward at**<br>**1 January**<br>_262,258_<br>**Funds carried forward at**<br>**31 December**<br>_330,100_<br> **Donations and gifts comparative figures**<br>**Prior year**<br>Churches<br>Institutions<br>Individuals|**_Unrestricted_**<br>**_Designated_**<br>**_Funds_**<br>**_£_**<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_46,445_<br>_46,445_<br>_(46,445)_<br>_100,254_<br>_53,809_<br>_71,941_<br>_125,750_<br>**_Unrestricted_**<br>**_General_**<br>**_Funds_**<br>**_£_**<br>_111,148_<br>_93,318_<br>_1,289,890_<br>_1,494,356_|**_Restricted_**<br>**_Funds_**<br>**_£_**<br>_821,751_<br>_-_<br>_-_<br>_-_<br>_821,751_<br>_-_<br>_821,751_<br>_821,751_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>**_Restricted_**<br>**_Funds_**<br>**_£_**<br>_51,646_<br>_327,690_<br>_442,415_<br>_821,751_|**_Endowment_**<br>**_Funds_**<br>**_£_**<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_310,000_<br>_310,000_<br>**_Endowment_**<br>**_Funds_**<br>**_£_**<br>_-_<br>_-_<br>_-_<br>_-_|**_Total Funds_**<br>**_2021_**<br>**_£_**<br>**_2,316,107_**<br>**_15,995_**<br>**_2,455_**<br>**_4,721_**<br>**_2,339,278_**<br>**_406,088_**<br>**_1,811,539_**<br>**_2,217,627_**<br>**_121,651_**<br>**_-_**<br>**_121,651_**<br>**_644,199_**<br>**_765,850_**<br>**_Total_**<br>**_2021_**<br>**_£_**<br>**_162,794_**<br>**_421,008_**<br>**_1,732,305_**<br>**_2,316,107_**|
|---|---|---|---|---|



**21 Donations and gifts comparative figures** 

**34** Page 



**SAT-7 UK Trust Limited** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31 DECEMBER 2022** 

## **22 Expenditure comparative figures** 

|**_Prior year_**<br>_Raising funds_<br>Staff costs<br>Promotional activities<br>Office costs<br>_Charitable activities_<br>In the UK<br>Supporting the church in the MENA region|**_Grants_**<br>**_payable_**<br>**_£_**<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_1,427,435_<br>_1,427,435_<br>_1,427,435_|**_Direct_**<br>**_costs_**<br>**_£_**<br>_286,733_<br>_36,044_<br>_-_<br>_322,777_<br>_264,954_<br>_-_<br>_264,954_<br>_587,731_|**_Support_**<br>**_costs_**<br>**_(note 23)_**<br>**_£_**<br>**_Restated_**<br>_7,825_<br>_-_<br>_75,486_<br>_83,311_<br>_119,150_<br>_-_<br>_119,150_<br>_202,461_|**_Total_**<br>**_2021_**<br>**_£_**<br>**_Restated_**<br>**_294,558_**<br>**_36,044_**<br>**_75,486_**<br>**_406,088_**<br>**_384,104_**<br>**_1,427,435_**<br>**_1,811,539_**<br>**_2,217,627_**|
|---|---|---|---|---|



Prior-year restatement: Costs that were within raising funds support costs and allocated to office costs were reallocated to staff costs within the prior-year for more accurate classification. Total expenditure was unaffected by this reallocation. 

## **23 Support costs comparative figures** 

|**_Prior year_**<br>Staff costs and staff related costs<br>Premises expenses<br>Admin expenses<br>Depreciation<br>Governance costs|**_Raising_**<br>**_funds_**<br>**_£_**<br>**_Restated_**<br>_7,825_<br>_13,262_<br>_59,020_<br>_3,204_<br>_-_<br>_83,311_|**_Charitable_**<br>**_activities_**<br>**_£_**<br>_-_<br>_11,762_<br>_91,034_<br>_2,841_<br>_13,513_<br>_119,150_|**_Total_**<br>**_2021_**<br>**_£_**<br>**_Restated_**<br>**_7,825_**<br>**_25,024_**<br>**_150,054_**<br>**_6,045_**<br>**_13,513_**<br>**_202,461_**|
|---|---|---|---|



**35** Page 



**SAT-7 UK Trust Limited** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31 DECEMBER 2022** 

## **24 Movement in funds comparative figures** 

|**Year ended 31 December 2021**<br>**Endowment funds**<br>Expendable endowment<br>**Restricted funds**<br>_SAT-7 International projects_<br>Cross Channel Projects<br>SAT-7 ACADEMY<br>SAT-7 ARABIC<br>SAT-7 KIDS<br>SAT-7 PARS<br>SAT-7 TÜRK<br>SAT-7 Plus<br>_SAT-7 UK Trust projects_<br>SAT-7 UK Development<br>**Unrestricted funds**<br>General funds<br>Designated funds:<br>Development in the UK<br>**Total funds**<br>Cross Channel: Children's<br>Programming<br>UK Nationals working for SAT-7<br>Internationally<br>Cross Channel: Discipleship<br>Programming<br>Cross Channel: Education<br>Programming|**_At_**<br>**_1 Jan_**<br>**_2021_**<br>**_£_**<br>_310,000_<br>_310,000_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_262,258_<br>_71,941_<br>_334,199_<br>_644,199_|**_Income_**<br>**_£_**<br>_-_<br>_-_<br>_284,576_<br>_72,776_<br>_60,040_<br>_3,579_<br>_18,070_<br>_22,596_<br>_35,915_<br>_230,524_<br>_22,266_<br>_17,000_<br>_53,146_<br>_1,263_<br>_821,751_<br>_1,517,527_<br>_-_<br>_1,517,527_<br>_2,339,278_|**_Expenditure_**<br>**_£_**<br>_-_<br>_-_<br>_(284,576)_<br>_(72,776)_<br>_(60,040)_<br>_(3,579)_<br>_(18,070)_<br>_(22,596)_<br>_(35,915)_<br>_(230,524)_<br>_(22,266)_<br>_(17,000)_<br>_(53,146)_<br>_(1,263)_<br>_(821,751)_<br>_(1,349,431)_<br>_(46,445)_<br>_(1,395,876)_<br>_(2,217,627)_|**_Transfers_**<br>**_£_**<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_(100,254)_<br>_100,254_<br>_-_<br>_-_|**_At_**<br>**_31 Dec_**<br>**_2021_**<br>**_£_**<br>_310,000_<br>_310,000_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_330,100_<br>_125,750_<br>_455,850_<br>_765,850_|
|---|---|---|---|---|---|



Descriptions for the funds above can be found in note 15. 

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**SAT-7 UK Trust Limited** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31 DECEMBER 2022** 

## **25 Analysis of net assets between funds comparative figures** 

|**As at 31 December 2021**<br>**Endowment fund**<br>Expendable endowment<br>**Unrestricted funds**<br>General funds<br>Designated funds|**_Investments_**<br>**_£_**<br>_310,000_<br>_310,000_<br>_-_<br>_-_<br>_310,000_|**_Tangible_**<br>**_Fixed assets_**<br>**_£_**<br>_-_<br>_-_<br>_10,156_<br>_-_<br>_10,156_|**_Other_**<br>**_Net assets_**<br>**_£_**<br>_-_<br>_-_<br>_319,944_<br>_125,750_<br>_445,694_|**_Total_**<br>**_£_**<br>**_310,000_**<br>**_310,000_**<br>**_330,100_**<br>**_125,750_**<br>**_765,850_**|
|---|---|---|---|---|



**37** Page