SAT-7 UK ANNUAL REPORT- 111 ril Reporl of ihe Trustees & Accounts For the year ended 31 st December 2023 SAT-7 UK Trv51 Limited Cryny Regstra No 03301736 Regisd Chryffty No 10(I)612
CONTENTS A message from our Chief Executive and Chair of Trustees ANNUAL REPORT In 2023 the Middle Eosl and North Africa IMENAI was struck by a devastating sequence of disaster5. A9ainst the bockdrop of ongoing conflicts in Syria and Yemen, huge earthquakes wrought widespread destrudion in furkiye, Syria. Morocco, and Afghanistan. A violent storni broke two doms in Libyo, naSking a torrent of mud water through the cty of Dema. Sudan dexended inexorably into a brutal civil Vr. And the worst conflict to engulf the Holy Land in fifty yeors broke out in October. Thousonds of people acr055 the region have lost their lives. At the same time, pressures and restrictions on Christians being able to practice their faith openly. conlinued lo increase across several parts of the region. finoncial giving during whoi hos been o time of financial pressure kr so many, has en truly appreciated. MESSAGE FROM THE CHAIR OF TRUSTEE5 OUR VISION OUR MISSION We Iru5t thot this Annual Report demonstrales how SAT-7 UK'S goals and objectives have been growing the Church in the Middle East and North Africa. as well as in the UK. You will reod about how, even in the midst of poverty, tonflid and per5eculion, SAT-7 is bringing comfort ond joy, Showing God's love, ond strengthening faith through the power of salellile TV and digital media. 2023 IN NUMBERS REVIEW OF THE YEAR 18 PRIORITIES FOR 2024 FINANCIAL REVIEW OF 2023 30 VIHO v ARE FINANCIAL STATEMENTS INDEPENDENT AUDITOR'S REPORT Thank you for being a part of changing the slory. 38 STATEMENT OF FINANCIAL ACTIVITIES 39 CHARITY BALANCE SHEET CASH FLOW STATEMENT During these times our Truslees. Staff. and volunteer Arnbassadors, hove continvolly been humbl when arIng the le5timonies of our viewers exhibiting extraordinary faith and courage. Ai the Same time, we have been continually grateful to God For our longslandin9 SUPPOrters and donors ond to those who've joined us in the post yeor. 1r kithknl, prayeknl support and 41 NOTES TO THE FINANCiAL STATEMENTS The Trustees, who are also the Directors and members of SAT-7 UK Trust Limited for the pu0$eS OF the coMFnieS Attr, have pleasure in presenting the Report and Accounts for the year ended 31 st December 2023. The Trustees hove adopted the provisions of the Stotement of Recommended Practice FRS102 SORPI Accounting and Reporting by Charilies in preparing the Annual Report and financial statements for the charity. Chief Executive Chair of Trustees Tèothing *)n SAT-7 KIDS SAT-7 UK on thè roud Worship on My Jesus. a now SAT.7 KIDS progrommè Here Respondiry to aiSts in Yorkiye. February 2023
ANNUAL REPORT2023 OUR VISION FAITH-FILLED TELEVISION SAT-7 UK is part of an international Christian media ministy, bringing life changing joy to the people of ihe Middle Eosl and North Africa IMENAI through powerful, foiih-filled television and digital medio pTrJgrarnmes. A THRIVING CHURCH Our vision is to see o growing Church in the MENA, confident in Christian faith and witness, serving Ihe community ond contributing to the goa of society and CUlre. WE DO THIS BY... BRINGING JOY i• Our programmes- rnade by and for l¢xal believers - bring much-needed comfort, encouragement, and ofFirmation. What's more, we bring this where il's needed rnost- straight inlo the heort of the fomily home. SHOWING LOVE Across Four channels, reachin9 millions of viewers in 25 countrie5, broodcasting 365 doy5-o-year, we ore showing God's love to the Middle East and North Africa. 3 STRENGTHENING FAITH Our programmes are designed to encourage and strengthen often-isolaled Christians in their Faith and provide a Fresh perspeclive of faith For those asking questions obovtjesus. Aly Jesu5. a new prayerand worship pn¥ramme on SAY-Y KIDS SAT-7 UK TnTr LiMid epon of th8 Trustsei & Accoumj. 2023
r¥ yp FAir OUR MISSION THEORY OF CHANGE UK Our 2023-2027 strategy 15 bulk o a theory of change Frarnework with four outcomes and values, helping us to deliver our UK charitable objectives and impact across t Middle East and North Akica region. OUTCOMES GROWING THE CHURCH To See a growing Church in the MENA and the UK, confident in Chrislian faith and wilness, serving the community and contributing to the of society and culture. AZERBAIJAN , TURKIYE INVESTING IN THE FUTURE TAJ TAN To See an increased and acttvely engaged support base giving regulady lo sustain the work of SAT-7, so that SAT-7 UK is raising a sustainable £4M with over 3,500 donor5. SYRIA TUNISIA z LEBANO HOIY IAN IRAQ IRAN AFGHANISTAN MOROCCO Jo AN oiING F0• * PEopii UWAIT. DEEPENING UNDERSTANDING ALGERIA LIBYA EGYPT BAHRAIN '. QATAR Supporters and funders have a deepened understanding of the challenges foced by ChristiaTr5 and the people of the MENA region, impad of SAT-7, 10 create opportunities to prayi engage and partner for change. SAUDI ARABIA.= MAN MAURITANIA SUDAN YEMEN. BUILDING ENDURANCE VALUES The wider SAT-7 Family are strengthened through o healthy relalionship with SAT-7 UK and by strotegic input ond collaboration. SAT-7 UK is a sustainable organisotion, with o Culre of best practice and innovation, where staf know they are sUPPOrted and valued. Oor Christian faith and values are at the heart ofwho we are and what we do; bringing joy, showing love, strengthening faith ~ not just of our viewers across the MENA, but also in the Itves of our stoFf, volunteers, supporters ond F>artner5 in the UK. SOUTH SUDAN We agree to be auihentic We choose lo be courageous We strive to be creotive We commit to be servant-hearted SAT-7 UK TnTr LiMid eport of th8 Trustsei & Accoumj. 2023
2023 IN NUMBERS REVIEW OF THE YEAR OUR INCOME CHURCHES We received £2, 600,948 in generous income last year from churches. instilutions. individuols and legacy gifts (gifts in wills). SAT-7 IN THE MENA l am better able to prayi I have more enthusiasm for the Lord, and my relationship with my husband has improved. SUPPORTING CHRISTIANS IN TIMES OF ISOLATION In 2023 the SAT-7 PARS teom developed new initiatives and programrnes to strengthen their ministy to viewers in the Persian-speaking wodd. These deepened and strengthened our wide-ronging support for Persion viewers, who are desperate kr prayer, teaching, and fellowship a5 they live out their Faith in restridive cuhures. Despile a major lack of Freedom of Religion or Belief in the region. people are slill coming faith in Jesus, and SAT-7 PARS ts eager to strengthen se new lieVer5. £2.6m OUR EXPENDITURE £545k towards ... raising Funds We spent £2,448,200 in 2023 on chanble aclivilies and raising Knds. For every donated... £1.5m in In Jonuory 2023 0 secure Bible teoching group, knSd on video plarfonn Zoom, was started for isolakd believers in Iran and Afghonistan. One Iranian woman, narned Farimah. has seen reol chaTrges in her life since she started ottending the Zoom meetings. "l am tter able to pray, I have more enthu5iosm for the Lord, and my relationship with rny husband has improved,. She Said. £1 y.. granls lo SAT-7 Inlernalional. support the church in the MENA CHARITABLE ACTIVITIES 61p wenl lowords grants lo SAT-7 International, to support the church in the MENA region went towards public awareness raising and engogement, including proyer resources, ma9azines, events and briefin9S £2.4m maria prÈsenler of Cknrch4Ld4 on the new viibjol sel At SAT-7'5 Limassol studio in CypnJ5, Virtual technology is revolutionising how shows ore produced. Panayiotis Keenan. Executive Diredor of SAT-7 PARS, explains. °Now wrth the help of sfYpE technology, we con maximise the p055ibility for using visually appealing virtual sets in 3D environments with synchronised camera movement. We have already begun using this technology on Church4Kids oftd Saftctuory of the Heort." wenl toward5 raising funds, includin9 the majority of our staff and operational costs £400k knwards choritsble octivilies in the UK raising awareness and engagement YOU GAVE TO OURCHANNELS HELPING TO FUND 336 27, 129,018 103, 345 In1 ReYol(rtionokn ard ci)unsd in the knce ol emohornl produdtons in 2023 5,455 episodes pr¢>duced YouTub• viwwer support COnve10n5 SAT-7 UK Trvsi
ANNUAL REPORT2023 SERVING SOCIETY AS A WITNESS recovering from a work-relakd injury. His sense of God's love 9W stronger over hme, and he recently committed his life to following Jesus. Mumt wants to travel b ISnbUl to meet Homemude team, ond tY hove contin to wpport him on hi5 faith purney. Tragically these crises are only the lale51 of a long series that have seriously damaged young people's hopes For the fuhjre. In response to on increased sense of desperation ornong the nexl generolion, SAT-7 ARABIC is making programrnes that encourage ond equip yOLdi to rnake positive chanse5 in their lives and in the wodd around them. Several new shows were odded to the schedule in 2023. One OF these is Cofrolyst, o kst-poced progromme that discusses different topics relatins lo youth, including prayer, addiction5, and personal goals, frorn a Christian and ethical perspective. Its aim is to connectwith young people and give them hope and guidonce by offering a cleor, maerote voice that explains how they con rnake the right choice5 ond knke Jesus QS their model. In Turkiye, 2023 will forever be remernbered as the year in which major earthquakes devaslaied parts of the south. In the aherniath, SAT-7 TURK sought lo be o voice OF comfort ond slrength for those affected, mobilising prayer acr055 the region and Shining a light on examples of Christ like love. In 2023 tkn Arab woAd was struck by muhiple disaster5. from earthquakes in Syrla and Morocco, k) Ilood5 in Libya, to violent conflicts in Sudan and the Holy Land. Throughout these tying times. SAT-7 ARABIC has been on hand to support our viewets. Over 55,000 people losi their lives in the rthquakes ihat struck Tiirkiye and Syria in February, a disaster that impacted close to 18 million people. Although SAT-7 TURK'S Istanbul studio wos Far frn the disaster zone,. many stoFF grew up in the region and have farnily there. De5Pite their own shock aTrd pain, the SAT-7 TURK tearn responded immediately to support a grieving nation through prayer, inFormation, ond advice. A film crew travelled to the disaster zone as soon as tk authorities gove perniissioTt and highlighted the work of the locol church in providing aid and supporting survivors. SAT.7 TURK rewhn8 From the zone We are here to bo a strong and clear voice for the Church in the Middle East and North Africa, to promote peace and justice. We believe in the power of prayer, in the power of our Lord Jesus Christ, the Author of Peace, to intervene and send His mercy. RAMI AL-HALASEH. SAT-7 ARABIC EXECUTIVE DIRECTOR Widespread vTrcertainty and conhJsion in the face of ongoing crisis are found arnong older viewers too. So, SAT-7 ARABIC has also produced a new programme colled Outside Podivm, in which Pastor Someh Maurice answers qvestions from viewers obout1055, pain, suffetingi and insecurity. In the months thai followed, SAT-7 TURK continued to prioritise support for quake survivors. Expert guests appeared on different shows to advise viewers: Homemode fecrtured geologist5 to oddress fears about the threat of a further eorthquoke in Istonbvl, ond Parents ore Asking interviewed a trauma specialist on how to help children heal from shock and onxiety. 58rhsa DoThz Bakir on th8 OF HOMd8 Flagship SAT-7 TURK programme Homemade entered ils eighth season in 2023. "1 talk [to the viewers] honestly about my Iroubles and Ihin951 have receiv healing fvom,. presenter 5emso Deniz Bakir. She believes il is this sincerity and warmth thai has kepi the show thriving for more than seven years. The programme receives around 20 questions per episae, and testimonies Suggest that it is enga9ing with viewers, men and women, in a consistent and healthy way. One such viewer is Murat who found Homemade and other SAT-7 TURK progrommes while 66 I talk [to the viewers] honestly about my troubles and things I have received healing from...I share my love for the Lord. my mi5take5, and my joys. NThf SAT-7 ARABIC programm•s ar8 holping lo •n¢ourng• qnd •qvip young peopl¢ and gi SAT-7 UK TnTr LiMid epon of th8 Trustsei & Accoumj. 2023
ANNUAL REPORT2023 66 MEETING THE NEEDS OF YOUNG VIEWERS Thank you so much for always being here for U5 and for leading us to the right path...Your presence in our lives makes a big difference. SUZY, A YOUNG GIRL FROM EGYPT AND VIEWER OF BEHIND THE DOOR yeaTr of teaching will be aired on SAT-7 and available online for years to corne, and will conlinue to grve life-enhancing opporhjnities kr covndess more kmilies. Throughovt a turbuleni 2023, our dedicaied Arabic children's channel, SAT-7 KIDS, has been helping children both deal with the difficulties in their lives and toke a much- needed break knm them. PIONEERING TECHNOLOGY The year 2023 was an exciting year for digitol media ocross SAT-7's chonnels. Among many initialives, SAT-7 ARABIC reated an absorbing drama series and short films; SAT-7 PARS, launched social media pages that genenjted a huge increase in engagement: and a new communication system enobled SAT-7 TURK to conned more wklely with its viewers. SAT-7 PLUS, the MENA's first Christian video-on-demand and live-streaming plarforn), continues lo adapt to attrod thousands OF viewers worHwide. The plorforni oims to increose the aworeness and engagement d rtrs audience, as well as I*r watch tirne ond opp downloods. One such programme is Behind The D¢)or, a vibrant live show that helps young children learn aboutjesus through game5 and challenges that are revealed from behind two mysterious doors. Now in its second series, the show is hosted by a long-time SAT-7 KIDS presenter os well os new talents who Use their rnusic and acting skills lo unpock the Bible. There is also plenty of time during each episode to talk abovt the issues young people are facing. This year the prognmme covered topics such as sociol medio and jealousy, feor and anxiety, and Jesus t Good Shepherd, and invited viewers to shore their ihoughts on air. A mother of hvo contaded the show to express how mtjch her whole family enjoys the programrne. °Behind The Door is so popular. The kids wait for it every week, and even my husband and I watch itl" SAT.7 PLUS, th8 MENA'S fwsi Chri51ian mLlh.kngvag8 videMrthm¢Jnd plarfo My Sch¢x>l, SAT-7 s pioneering progTomme providing hishsuality cornplementary education in the Arab world, wrapped up its Fifth and final season in 2023. Since the progromme lounched in 2015, SAT-7 hos made over 400 episaes covering the region s curriculum in the core svbjeth of MheMatiC5, Arabic, English, science, and French. The fNe 66 l am so proud and grateful for the My School project. It has brought education into homes and refugee camps across the Middle East and North Africa. enabling children and adults to learn key subjects that will stand them in good stead for the future. We pray t11 many lives will be changed as a result of IvIng free access to high- quality informal education. even a5 the episodes are replayed and repurposed over the coming year5. RITA EL-MOUNAYER. SAT-7 INTERNATIONAL CEO Popular children's gamethow 8thrKlthe Cbor SAT-7 UK TnTr LiMid eport of th8 Trustsei & Accoumj. 2023
ANNUAL REPORT2023 SAT-7 IN THE UK INVESTING IN THE FUTURE During the year we held two News & Prayer Live and two joy bringer virtual events- these provided direct news ond updotes from the Middle East ond SAT-7, enabling over 200 5VPPOrter5 to connect and engage with SAT-7 teorns around the wodd. Two hjrther Dare to Believe events were held in Exeter and Manchester with SAT-7's founder Dr Terence Ascoti. These events, attended by many long-5tondin9 SVPPQrters, showcased SAT-7'5 27 year history, and gave sUPPOrter5 the opporlunty hear first hand how God has moved through0 SAT-7's development. During 2023 SAT-7 UK delivered a strong programme of Fundraising and engagemenl oclivities. Followin9 0 supporter Cafe and relationship management approach, we sought lo honour the faithhJlness and generosity of our sVPPOrters, and io welcome ond deepen the engagement of new supporters, os they start on their joumey with SAT-7. Following on improving economic outl¢)ok, 2023 was a stronger year kr fundraising income and activities than 2022. We were greatly encouraged end the year 9Y. ahead OF our budgel. raising 15Yo more than 2022. We were olso able to make gronls of 2l.5M lo SAT-7 International, achieving our target. Our regvlar giving programme, known a5 joy brin9eTS, grew by 4°A, and we continued to acquire new sUPPOrters, at a faster rate than the previous year. DEEPENED UNDERSTANDING Through our Middle East Briefing, Insighi magazine, website, social media ond prayer campaigns, we enabled supporters ond nders to have a deepened understandin9 of the challenges kced by Christians ond the people of the MENA region. These communications have helped supporters see the impact of SAT-7, and have created opportunities for them lo pray, engoge ond partner kr change. Our Dore b Believe evenlin MurKh85t8T, JU 2023 sESWICK 66 That was a really brilliant time tonlght, thank you... makes us so much more aware of WI1 is going on- in and through SAT-7- with lots to pray about. CAROL, A SAT-7 SUPPORTER NEWS & PRAYER LIVE OMEN'S Co We made 12 fundraising trips wtthin the UK ond British Overseas Territories during the year to Scotland,151e of Mon, Itelond, Jersey, Gibraltar and Cayman Islands. We were greafy blessed by the generou5 support of 49 granl making trusts. MIDDLE EAST The cross-platfonn Silent Nighi Advenl ampaign gave churches and supporter5 acro the UK the opportvnty to sland with the Chrislians of the Middle East during the Advent season - 3.500 Advent prayer guides were distributed. We two successful N5 & Proyer Live eyeftts in 2023 Our church engagement prograrnme connected with Christians across the country, deepening our reach, engagement, ond impact in local churches. community groups, and at events and conferences, generating new supporters, ombassadors, and church partners. The Middle Easi Briefing has continued to Publish monthly this yeor, featuring the lotest news and analysis the Middle Easl ond the perspectives of Christians in the region. Quarterly prayer diaries were sent lo over 2,200 supporters by post and 5,900 by emoil, giving opportunities kr supporters lo proy kn our region and the WO of SAT-7. L¥ Gifts from wills grew significantly in 2023, providing o lasting legacy for several of our faithful supporters. It has been humbling to leorn the background of tknse who hove lefF gifts in their wills and shows the fruit of a sustained level of high-quolty communications and legacy profile over the last few years. Our presence on sociol medio plarfornis hos continua to deepen. On Instagrorn we have seen a 5eady flow of increase in Followers from 643 in Q2 2022 to 875 by the end of 2023. YouTube subscribers have also increased to 10,319. SILENr Our %)UrceS o popuksr QEllOng SAT-7 UK TnTr LiMid eport of th8 Trustsei & Accoumj. 2023
.rtwatdy, my ndwtthatl Jfflea Chist hchl 66 JrnMwJ to Chch , dmtened to 'ItbL I love tho work SAT-7 doe5 throughout the MENA and support and pray daily. Thank you Lord! UK5UPPORTER ENDURANCE & FAITH During 2023 we have supported the wider SAT-7 farnily Ihrough collaboration in developmenl of the ministry-wide strategic goals, and through active participation ot SAT-7 International Management meetings and on the SAT-7 Internotionol Council & Executive Board. 'ch service is St on SAT.7.1'm so Now I'm able t he thurch SON. ID 2023, our newvolues were fully rolled out. As a team, we agree to be authentic; we choose to be courageous: we strive to be creative and we commit lo be servant-hearted. To embed these valves into our organi5ational culture, these were reinforced in a range of activities throughout the year, including in our daily devotional time, team meetings, staff survey and in our team days and staff retreats. COURAGEOUS In July 2023. all staff participated in our firsl stoff engagemenl survey, which will be run every other year. This survey looked ot leadership and mana9ement, staff well-being and engagement, and our culre and values. The overall av&ra9e across all slatemenl questions was 8.4 out of 10. Feedback was reviewed by the Executive Leadership team and with the Boad of Tru5tee5 in their Octor retreat. In 2024, o series of wellness check- in po115 will be held along with topic related engagemenl opporlunihes. ¢)Jr valu . SERVANT41EARIED . 66 Now to Him who is able to do immeasurably more than all we ask or imagine, according to His power that 15 at work within us, to Him be glory in the church and in Christ Jesus throughout all generation5, for ever and everl Amen. Teom plK)bs ( ow StaFF Relreal in Seprember 2023 EPHESIANS 3.227 SAT-7 UK TnTrM Limi*d eport of th8 Trustsei & Acc3. 2023
ANNUAL REPORT2023 2024 PRIORITIES FOR THE MENA VIRTUAL PRODUCTION SAT-7 International has identified four priority areas for its programming across 2023-2025: Last year Saw the installation of new cutting- edge technology ai SAT-7 PARS'S styJdio in Limassol. This replaces physically built sets vth realistic environments and effects on o virtual set. In 2024 SAT-7 will instoll this technology in its other studios and begin to Use il creatively to better deliver their content Strategy For all channels in the long term. YOUNG TALENT ON SCREEN Trbile we give thanks for the levels of oudience engagement in 2023, SAT-7 wants lo become ever more relevant and acce55ible to its viewer5, and especially lo the younger generolion, who beor rnuch responsibility for the future of the region. In 2024 SAT-7 Intemotional will continue to search out gId youns people who can relale effectively to their peer5 and to recruit them lo present its youth programmes. By giving them a pkjrform on both sotellite lelevision and digital media, SAT-7 knpe to connect tkm with as wide an audience as possible. Itirrvol producthon 66 Young tatent on My daughter loves all your programmes and worship songs, and her favourite show is Cupcake. I pray that God uses you to reveal Himself to all the children around the world. IMPACTFUL PROGRAMMING VR hna09Y SAT-7 KIDS prcgromme In We wanl lo better understand the impact our programming and conlent are making on our audiences. In 2024 SAT-7 will create processes ocross its ministry to help to leom more from the audien dato that is alrea being collected, and to enhonce broadcasting in the light of it. SAT-7 will develop new ways of understanding. assessing. and improving its impoct and road-test these on specific pD4rommes. KAREEMA. A MOTHER Fttom EGYPT SAT-7 PLUS INO ON SAr. Pkns lor 2024 indvd? rvw content*3¢d de1 for SAT.7 Plus SAT-7's multi-lingual liveslreaming and video-on-demond plarform SAT-7 PLUS wos the first Christian service of its kind in the Middle E051. In 2024 SAT-7 International will improve the user interface and increase promotion of the p1arf0, aiming to grow the viewership by l 00 cent. SAT-7 intends also to increase the omount of content ttvoilable on SAT-7 PLUS, in particular by developin9, preparing, producing, and premierin9 content specifically designed For it by all its channels. The general development of the service remains o priority- 4IpEO ON DÈ 66 The teaching sessions have refreshed me and given me new strength. REBECCA, SAT-7 PAR5 VIPIYER SAT-7 UK TnTr LiMid eport of th8 Trustsei & Accoumj. 2023
ANNUAL REPORT2023 2024 PRIORITIES FOR THE UK ENDURANCE AND FAITH Our plans for the UK in 2024 are based on our strategic plan 2023-27 and help towards our vision to see a growing church in the MENA and in the UK: We will rnaintain a strong partnership with SAT-7 Inlemalional through slralegic input and collaboration. JI In the UK we will develop our skills, our people (including volunteers) and our systems lo -.j • maximise impod in support of our mission. INVESTING IN THE FUTURE We will continue to embed our values into ovr way of W01n9, helping lo drive the culture of SAT-7 UK. In 2024 we aim lo matntain a balance of income streams and deliver a sustainable increase in SAT-7 UK'S income and numbers of donors. We will develop our church and ambassador engagement lo connect with supporter5 through Churc5, events and conferences. h) the SAT.7 PARS skno k) immeno. inlorrn a1 iwlre 66 4isII TO DIE $41. Thank you so much for a wonderful and powerful Zoom hour as we heard from Rami and Sally about the work of SAT-7 on the ground. It was a privilege to be able to pray. Thank you to everyone involved. UK SUPPORTER AND ATTENDEE OF NEW5 & PRAYER UVE. NOVEMBER 2023 We will grow the reach and profile of SAT-7 across the United Kingdom and Ireland, building credibility and deepening sUPPOrter engagement. SAT-7 UK team at Keswicl 2023 66 stro porfrw5lip3 th our iritemationol Ileagues is a wrily DEEPENED UNDERSTANDING Our church has started praying through the new prayer diary and has Iready been impacted by the content. We will create resources such as the 40 Days of Proyer book and occomponying church resources, the Middle East Briefing and podcast5 that inform and nourish church and individual engagement with the 5rfe and witness of Christians in the region. -7UK•nth• C)Ml A 81 'k 41JP0RTER s of PRAYtQ• Through our church engagement, events and conference progrommes we will encourage supporters to engage oclively in support of the Christians of the MENA. DOLE EAST 8• 4UIE Brieying FIry Fov 2024 in&d• rv SAT-7 UK TnTr LiMid eport of th8 Trustsei & Accoumj. 2023
ANNUAL REPORT 2023
FINANCIAL REVIEW OF 2023
The Expendable End¢)wment Fund
which was established to reflect the (non-
binding) wish of o donor that assets
don0 to chorty would be used to
generate income kr charity over the
long run. This fund stonds at £310,OCX); all
of which is held in investment properties.
The Irustees h¢yrfe the povrfer to sell the
inveslment properties and the power to
tran4er expendabk endowment knnds to
general fUs.
ond explains to its funders, donors arKI
beneficiaries why il is holding this level of
res8ry0s.
FUNDS HELD AS CUSTODIAN
TRUSTEE
OVERVIEW
FINANCIAL SUMMARY
2022 was o year marked wlth uncertoinlies
with gloknl economic downlum
Following Russia's invasion of Ukraine and
the unforeseen rapid onsel of huge energy
price rises, a cost
ANNUAL REPORT2023 LEGAL BASIS as an expression of the Christian faith, in particular (but without limitalionl through the produclion, broadcostir£ and disSemirtion oftelevision, film, and other digital media content. to persecution arKI in placeswhere there is no eablished church. TelevisK>n prograrnmes are made by Chrislian media professionals from the Middle Eastr for the Christians and peop OF the Middle Eastr. programrne5 provide an authentic ChristKin voice, o fresh perspective forthose asking questions aboth the Christian faith and sFK>w how communities can both be Chrislian and Middle Eastern. GOVERNANCE SAT-7 UK Trust Limited is a CharlbIe company limited by guarantee, incorporated on 14th January 1997 and registered as a charity on 11 th February 1997. The company was established under a Memorandurn of Association which established the objects of the charitable company and is govemed under ils Articles oFAssociation. These vmre amended by special resolution on 21 st Ock>ber 2009, 19th October 2005, 24th March 2014 and 14th February 2019. In the event of the company being wound up members are required k) contribute an amount not exceeding one-pound sterling. In 2016 a special resolution was passed to Change the name OF the cknrity from SAT-7 Trust Ltd to SAT-7 UK Trust Ltd. The trustees, (who are also the directors and members of SAT-7 UK Trust Limited) in consultthion with the Chief Executive Officer ICEOI, set the slrcrtegic direction of the charity, agreeing financial plan5 and assessing the risk implications. The key marSement personnel of the charity are the Board ofTrustees, and the CEO, the Senior Director and the Operations Director. The Board of Trustees agree the annual larY levels of the Chief Executive. h trustees knve deleg¢thd overall management ofthe charty to the CEO. CEO ha5 in tum recruited a staFFteam who have ¥>ecific resF)onsibility for implementing strategy. OBJECTIVES, PRINCIPAL ACTIVITIES AND PUBLIC BENEFIT PURPOSE PUBLIC P•ENEFIT vision of SAT-7 UK is to see a growing Church in Middle Eastand North Africa I"MENA°I, confident in Christian faith and wtness, serving the community ard contributing the good of society and cuhure. SAT-7 UK Ihrough its porlnership wilh SAT-7 Inlernolional, is bringir£ lik changing joy to the Peop of the Middle East and North Africa through powerFul, ftjith-filled teleViOn and digikjl media programmes, supported in the UK Ihrough proyer, giving and infiuencing b bring about change. The trustees have reka to the guidance in the Charity Commission's general guidance on Public Benefit when reviewns the aims and obpctives and in planning adivities. In porlicvlar, the trustees consider how planned adivitie5 will contribute to the airns and objectives they have set. All actiwlies reflect the trustees, desire to follow the aims of the Trust and b meet the requIrenIS of 98neral public benefft. Meetings OF the trustees are held quarterly and are used to review progress, set objectives, establish policies, as well as other issues of relevance. Communication between meetings is extensive through email, telepknne and the meeting of sub- committee members. In 2023 the trustees held their rneeting in person, supplemented by video conferencing when needed and rnet together in (ktober 2023 kr a twtrday retreal meetirg. The Objects oFthe Charty are: the advoncement of the Christion foith; 2. the odvoncement of educalion; The ministy benefits all those wishing to explore the Chrislion message both in the UK and knrther afield presented through personal conversation and media cornmunication5 in a way thth is both relevant and approprnte. Through highlighiing the needs of the MENA ChurCs, SAT-7 UK Seeks to encourage our supporter5 in the United Kingdom to pray reguladyi to engase actively and k) provide hJnding and resources tovnrds the work of Ihis vital ministry- Flping to support t production ond badcasting of the chriStft message into the knmes and hear15 of t millions of people waFchins the satelli prograrnmes and engagirva with the content on a range ofdigil media app1ctiOn 3. the odvancement of good physical and rnentol health. The Board has from time to time set up sub- committees to assist il in govemance. Currenly it ha5 a Finan and General Purposes Committee to monitorthe financial aFkirs of the Trust, act as the audit committee and to review and advise the tnjstees and senior 5ff on all employment Matr$ affecling SAT-7 U K. In October 2022, o Governance Comrnittee was set up to make recommendation5 on board governance including trustee succession planning. 4. the prevenlion and relief of poverty," 5. the promotion of equality; Sharing the core foundaFions ond messo9e of the Gospel is made free wtih)ut obligation or cost via satellile syslems, social medb2, the internel, mobile devices, working through parlner organisalion5 through per50nol conversation5 and is freely available to all who want lo connect and parlicipale. It is rnade available withoutany sense of judgement aboul vie?rs' personal circumstances. The aim ofoll activilies is to inform and to engoge the viewer about the Christian kith as per the Trusys objeclive lo advance the Christian Faith. 6. the promotion of freedom of religion las sel out in Articles 18 of Universal Declaration of Human Rights and subsequent United NaTrions convention and declarations) throughout the world by all or any ofthe followirva means: al relieving need omong the victims of human rights abuse; bl educatins the public about human rights," cl raisins awareness of human rights issues; and Through its joint mini agreementwith SAT-7 International Trust, SAT-7 UK is port ofihe der intemotional kmily OF SAT-7 supporlir churches and Christians of ik MENA region.11 is through SAT-7 IrttematiorI Trust thai the prograrnmes ofthe SAT-7 channels are made and transmitted across tkn Middle Easl and North Africa. SAT-7 prowdes support for Christians in areas where the Church is subject The B¢)ad OF SAT-7 UK has agreed a joint ministry agreement with SAT-7 Internalional. In 2023 SAT-7 UK was fomially represented on the Internationol Council of SAT-7 International Trust, (registered in Cypru5 under internatrionol Iru5t law of the Republic oFCyprusl by the chair Mr Richard Giles and Mr Roy Kernpi the previous chair, remained an elected member of the Executive Board to the International Council 7. the advancement of conflict resolution and reconciliation; SAT-7 UK Trust knm1d Report ol the Truslees & Account$- 2023
ANNUAL REPORT2023 of SAT-7 International Trust. SAT-7 UK made grants of £1,500,555 to SAT-7 International Trust during 2023. INDUCTION ANDTRAINING OF TRUSTEES PAY POLICY FOR KEY MANAGEMENT MONITORING OF REGULATORY ACTIVITY processe5 of induction and training are intended to ensure that individual trustees are enabled to bring as much added value to the work ofthe Board as their personal kyjckground, experience ond skills equip tM to do. New trustee5 are provKled th infonnation about the charitable company together with copies of the Charity Commission's booklet for new truslees. Seminars and training courses relenI lo specific aspects of the Trusys WO are brought to the attention of trustees. New trustees are encouraged to visitthe office ofthe charty al an early shge and meetwith the staff. Annual board relreats are organised which include on opporlunty to meet with all staff and receive training if required. A trustee ski115 malrix and meeting log are regularly reviewed to ensure Ihe trustees are effective in their roles. All board members are expechd to keep up to dale in tkir own professional disciplines where this is appropriate. Boad Mernrs also encouroged to take at lea& one overseas trip to see the work of SAT-7 Interr)ational. The key rnanagement personnel of the charity comprise the truslees, the Chief Executive, the Senior Director and Operations Director. The total employee benefits of the LecAership Team in 2023 were £193, 14512022: £180,615). Details can kund in mte 6 to the accoun15 found on page 45. The Operations Director is responsible for data protection and ft>r keeping up lo date with 'The Code of Fundraising Practice, to ensure that all response devices and data capture forms comply with the d¢Jtra protedion guidelines. TRUSTEE RECRUITMENT, INDUCTION & TRAINING RECRUITMENT It is the policy of SAT-7 UK to maintain a Boad ofTrustees thatwill be able ID promote the interests of SAT-7 UK in Great Eritain and Ireland effectivelyi to make it commonly known, clearly understood, and widely supported as an inter-denominalional Christion chority. Trustees ore selected to ulilise I1r specific skills and experience. k skills of potentiol trustees are therefore taken into consideration before appointment to ensure that a diversity of skills (including finance, markeling and fundraising), experience and Christian traditions are represented on the Boad. Trustees are recrui by a variety of means which may include perJonal recommendations, advertIn5 the Cknrity, website and through the Christian media. Prospective condidotes ore interviewed by the existing trustees and the CEO and are selected by nomination and a vote bythe Board. All trustees musi be fully supportive of SAT-7'5 ethos and statement of failh. Remuneration benefits lor executive management are determined on the basis of PerfoanCe, and periodic peer seck)r benchmorking using Hay benchmarking data. In the case ofthe Chief Executive this power is deSad to Firnnce and General Purposes Commillee. In the case of other management personnel, pay and benefits are determined by the Chief Executive, subied to an overall budget agreed by the trustees. SAFEGUARDING, GRANT MAKING SAFEGUARDING Although SAT-7 UK does notwork directly wrth children or vulnerabk adults, SAT-7 UK is committed to good practice in dealing wrth any safeguarding issues. There may be occasions when children orvulnerable adults are present during a SAT-7 UK event or presentation. In such a context the SAT-7 UK stoff mernberorvolunteer will follow the safeguarding policy of the host Organisatn. POLICY STATEMENTS: DATA PROTECTION, REGULATORY ACTIVITY SAT-7 UK updabd its safeguarding policies in 2023 and conlinues to monitor its practices and training in this area. DATA PROTECTION Additionally, SAT-7 UK annually reviews the safeguarding policies of SAT-7 International Trust. At the board cThwJy days in October 2023 the Irustees undertook a Govemance review using Governance code. SAT-7 UK recognises that personal data of our supporters is voluoble ond seeks to embody best praclice in tk way supporters, dakn is gathered, stored and used. 5AT-7 UK therefore: GRANTMAKING POLICY MANAGEMENT AND ORGANISATIONAL STRUCTURE Each truslee serves for a term of three years and then are subject to re-election. re is no Trustees, w01n9 through the Boad and its limit set to the number of terms a trustee con cornrnittees, are tk Ultima decision maker5 stand kr. During 2023 new trustees were for SAT-7 UK Trust. They entrusi day-tTrdoy recruited. Three trustees have served on the management of the Charity lo an Execulive board for more than 9 years, hovmver each of Leadership teom, which operates within a these tnjstees has indicated that this is their last komework, and a scheme of delegotion, set term of service. Govemance commitFee hos o Irustee recruitrnent plan is in place to by the Irustees. The Executive Lea&rship team ensure continuity on the Boad and provk4e (known as the ELT) is led by the Chief ExecutNe and comprises the Senior Direck)r and the effective new board members to replace these Director of Operations. Members of ihe ELT long serving trustees. may attend Board meelings, but do not vote. SAT-7 UK mokes grants primarily to those partner 0alsatIons it has a joint ministry agreement with and does not normally accept unsolicited grant applicolions. Since 2017 SAT-7 UK has had a joint ministry agreement wrth SAT-7 Intematioml Trust, (registered in Cyprus under the irtternalional trust law of the Republic of Cyprus). adkrEs to curreni data protection legislthion and is registered with the Informalion Commissionerfs Office. proteds the confidentialty OF personal infonnalion and ensure its security at all times. does not to pass on supporters, details to any other chority or orgonisalion ou15ide the SAT-7 krni- Nor to purchase prospect Supporters, d¢Jkn from third partie& The SAT-7 UK Board of Trustees has delegated the day-to-day management of the grant making process to the Finance and General Purposes Commiltee IFGPI who report at each SAT-7 UK Trust knm1d Report ol the Truslees & Account$- 2023
ANNUAL REPORT 2023 board meeting on grants made since the last meelirva. The grant making process includes policies on gift acceptonce, anti-money laundering, the managemenl OF general funds and payment to oversea5 bales. The Council of SAT-7 International makes every effort k) reduce these risks through h+s strid ethos and programming policy which ensures that broodcasts ore cultural relevant, do not Speak against other religion5, do not make political stoternents and Ma every effort nol to cause offence to other religious groups. SAT-7 International undershnds risks very V11 and do all they can to guard agoinstthem orat least mitigate their consequences through the progrornmes and broadcasts made. At all times in SAT-7 UK'S fundraising seeks: Fllming a herltage dotumtnlary fot SAT-7TORK to raise money only wh the likely income en will be makhed by needs. to represent the conlext, needs and opportunities of the Middle Easfern & North African Church FaithhJlly and accuroteFy, based on credible research ond true cose-shjdies, within securty constraints placed upon our communications due k) the sensitive nature of our work. RISK MANAGEMENT SAT-7 UK maintains a risk regisler produced in occordance wilh the Charty Commission's guidelines. Risks are monilored ot each Boord rneelir£ with an annual krmal review oft Full risk register. The register moniTrors likely risk and designates responsibility for each risk area. The trustoes are satisfied that the register manages the key risks to the operations of STATEMENTON FUNDRAISING PRACTICE to always be mindhjl some of our supporters may be vulnerable people ond where vulnerable people ortknse ocling on their half rEque5t to cease ommunications, to act on 1r wishes. SAT-7 UK. In accordance with ihe Charities (Protedion and Social Investment) Ad 2016, the kllowing StaFement outlines the fundraising practice of SAT-7 UK in 2023. The top risks identified in the risk register include increased secularisation and opposition to religion along with declining church attendance, supporter attrilion, instability in the Middle East, the impact ofthe cost of living crisis and war in Ukraine. Each of tkse hos action to mitlgate, reduce or avoid. fv actions are built into the slrate8iC plan and the financial and operotional goverrKnce ofthe charity with regular and appropriate rnonitoring in place. to communicate cleaAy aknut knw our supporters, moneywill be used. gn•l, a liv• programm• on T.7 PARS SAT-7 UK is registered with the Fundroising Regulator and adheres strictly to their Code of Fundraising Practice. In 2023 there were no kilures to comply with this Code of Praclice. In addition, as oulined in the privacy notice, SAT-7 UK does not sell or swap daFa wiTrh other charities or organisalions outsde the SAT-7 Fomily or make any cold telephone calls to the general publ. In 2023 SAT-7 UK contracted the services of one professionol external Kndrai5in8 agerY (os defin by section 58 oFthe Chorilies Act 19(721 who acted on our behalf, calling supporters to iknnk them for their support, discuss iheir giving, arKI to Invi them to in-person and online events. to ensure that oll Gift Aid conditions are met before claiming GiftAid in respect of a donat)n. SAT-7 UK does not engo3e in persistent or intrusive hJndraising practices with any OF our supporters, including vulnerable people. The trustees are aware that, apart from meetirE SAT-7 U K's ovm operaling costs, they ore choosing b deploy the FU$ at their disposal in a region of the woAd choracterised by social, economic and political instability. They accept that these Factors bring to the work of SAT-7 UK an inescapoble element of risk OF loss of re30urceswhich is rnnaged through adive relaTrionship$ with tho$e involved in the field and through close monik)rin9 of funds and resources made available lo SAT-7 International and otr Portriers involved in the work. The risk 05sessment is regulorly reviewed. SAT-7 UK is registered with Fundraising Preren SeNce IFPSI and during 2023 recewed 9 suppre5$i0n requests through thi5 service, all oFwhich were aclioned. During 2023, no formal complaints about our fijndraising practices were received. SAT-7 UK TrL¢St knfftid Report of the Trusloe$ & Accovnt5. 2023
ANNUAL REPORT2023 WHO WE ARE reasonable accuracy al anytime the financial position of the chariknble comF>any and enable them b ensure that the financKJI statements comply with Companies Ad 2006. They are also responsible r 5akguading the assets choriTrable company and FEnce for king reasonable steps for the prevention and deleclion of fraud and othr irregularities. Approved by the trustees on 25 April 2024. Registorod name SAT-7 UK Trust Limiled, also known as 'SAT-7 U K, STATEMENT OF TRUSTEES. RESPONSIBILITIES Signed on behalF of the trustees Rogist•rod Charity numbor 1060612 The trustees (who are also direck)rs of SAT-7 U K Trust Limited for the purposes OF company Itjw) are responsible for preparing the Trustees, reporl (incorporaling the stralegic lErt and directors, report) and the financk]I staTrements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Finoncial Reporting Stan&d applicoble in the UK and Republic OF Ireland (Unld Kingdom Accepted Accounting Practice). Rogi5torod ¢ompany numbor 03301736 Registerod offic• 2nd Floor, 3-4 New Road, Chippenharn, Wiltshire, SN15 1 EJ In so far as the trustees are awarn: there 1$ no relevant audit inf0mlion of which the charrkable company's auditors are unaware. ond Operations contro 2nd Floor, 34 New Road, Chippenharn, Wiltshire, SN15 1 EJ l Fcii 11)e Chief Executrye Chair of Trustees Company S•¢r•tary Mrs R Fadipe the trustees have taken all sp5 that they ought to make themselves aware of tknt inknrnlion. Chiof Exo¢vtiv• Officer Mrs R Fadipe Trustees The trustees (who are directors forthe purpose of company lawl who served during the year were as follows: Mr R Kemp, Mr J Clark, Mr C Miles, Mr M Hoines, Mr R Giles, Mr D Toylor. MrT Alqa5sis, Mrs J Bicknell (joined May 2023}, Mr A Massey (joined April 20231 Company law requiresthe trustees to prepare financial statements for each financ1 year which sive a true arKI fair view ofthe state of affairs ofthe charitable cornpany and of the income and expendilure, of charihble cornpany kr that peria. In preparirg these financial statements, the trustees are required AUDITOR Burton Sweet Limited was re-appointed as the Charity's auditor during the year and has expressed 1r willingness to continue in that opacty. Leadership Team Rachel Fadipe (Chief ExecutNe Officer) Martin Thomas {Senior Direclorl Chris Beddoes (Operalions Director) select suitable accounting policies and then apply them consistenily. This rEFK>rt and the financial staternent5 have been prepared in cordanCe wrth the Companies Ad 2006, the charitable Compary's Memorandum and Articles OF AsKKiation and Stcrtement of Recornrnended Pradice "Accounting and ReFr11n9 by Charities", IFRS102 SORPI. observe the methods and principles in the Charities SORP. Advisers to tho Charity Keelys Solicitors (H R Advisor) 28 Dom St, Liehfiel, WS13 6AA make judgments and accounting estimates tknt are rnasonable ond prudenl. Auditor Burton Sweet Lirnited Chartered Accountan15 The Clock Tower, 5 Farleigh Court, Old Weston Road, Flax Bourton, Bristol, BS48 1 UR state whethr applicable UK Accountins Slandards have been followed, subjed to any material deF)arlure5 disclosed and explain in the financial slaternenls,- and Registered offic 2nd Floor, 34 New Road Chippenham Wiltshire SN15 IEJ Bankors UnityTrust Bank plc Nine Brindley Place, Bimiingham, Bl 2H prepare financial slemen15 on the going concern basis unless it 15 inappropriate to presume thai the cknrilab company will continue in business. Solicitors Bates Wells Braithwaite 10 Queen Street Place, London EC4R I BE If you have questions or would like more detail aboui the Trust, please contactthe Chippenham office, where $ff will be happy to respond to your queries. The trustees are responsible for keepirg adequate accounting records tkni disclose with SAT-7 UK Trust knm1d Report ol the Truslees & Account$- 2023
FINANCIAL STATEMENTS J,
FINANCIAL STATEMENTS INDEPENDENT AUDITOR'S REPORT OPINION with the ethical wuirements thala relevant to our audit of financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibililies in accordance with tF*s8 requirements. We believe that the audit evwjence we h¢Jve Obtain is sufficient and appropriate to provKle a l)asis for our opinion. In connection our audit of the finonciol statements, our responsibility is to read the other informatrion and, in doing so, consider whether the other inf0mtion is materially inconsislent with the financial slaternents or our krM)wledge obtained in the audil or otheNfjse appears to matrerially misstcrted. If we identify such makrial inconsstencies or apparent materwJl misstatem8nts, we are required to deteine whether there is a molerial misstatement in the financial stcrtements or a material misstcrtement of the other inhrrnation. IF based, on work we knve perforrned, we conclude there is a material misstalement of this other information, we are required kj report the lad. ond 115 environment obtained in the course of the audit, we have not identified material missk7tements in the directors, report. We have avdited the financiol stotements OF SAT-7 UK Trust Limited It "Cknrity") kr the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statem8nt and notes to the financial statements, including a summary of significant accountin9 policie5. The financial reporting mewOrk that has been applied in their preparation is applicable law and United Kingdom Accounling Stondards, including Finoncial Reporting Stondord 102: The Finonciol Reporting Standad applicable in UK and Republic of Ireland (Unld Kingdorn Generally Accepted Accounting Practice). We have nothing to report in respect OF the k>llowing malters in relation to which the Companies Acl 2006 requires us to report to you if, in our opinion: adequale accounting records have not been kept, or returns adequate for our audit have not en received bronches not visiTred by us; CONCLUSIONS RELATINGTO GOING CONCERN In audiling tkn firnCIal sMents, we have concluded thatthe directors, use ofthe going coneem bosis of accounting in the preFratIon ofthe fiTrJncial stakments is appropriaTre. the financial staternents are not in agreent wrth the accounting records and returns,. Based on the work we have perM, we hove not identiPied ony material uncerTrointies relating to events or conditions th(tt, individually cr collectively, may casl significant doubt on Charity's ability to continue as a going concem For o period ofot 051 fvrfelve months from when fila1 statemen15 arE authorised For issue. In our opinion, the financial statements: We knve nothing to rnport in this regard. certain disck>sures of trustees, remuneration specified by law are not made. or gNe a true ond fair view of the state of the Charity's afFairs as at 31 December 2023 and of ils income and expendibJre for the yearthen ended,. OPINIONS ON OTHER MATTERS PRESCRIBED BYTHE COMPANIES ACT 2006 we have not obtained all the infomiation and explanations necessary for the purposes of our audit; or In ouropinion, bosed on the work undertaken in the course of the audit: have been properly prepared in accordance with Unikd Kingdom Generally Accep& Accounting Pradice," the trustees were not entled to prepare the financial staternents in accordance wrth the small companies, regime and toke advantage OF the small companies, exemptions in preparing the direck)rs' reF>Ort and from the requirement to prepare a strcrtegic report. Our responsibilities and the responsibilities of the directors Wth respect to going concem are described in the relevant sedions of this report. the intsrmation given in trustees, report (incorporating the direck)rs' report) for the financial year for which the financial statements are prepared is consistent with the financial stchemenls; ard hove been prepored in oecor&nce with the requirements of Cornpanies Ad 2006. OTHER INFORMATION trustees are responsib for the other information. The other inkrmalion comprises the information included in the annual rert other than the financial statements and our auditor's report thereon. Our opinion on the fIrne101 $tements does nol cover t ofher inkrmalion and, excepi to exlent othepwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. the directors. report has been prepared in accordance wth applicoble law requirernent5. BASIS FOR OPINION RESPONSIBILITIES OF TRUSTEES We conduded ovt audit in accordance with international Standads in Auditing IUKI IISAS IUKII and applicable law. Our responsibiliTrie5 under those standards are further described in the Audilor's responsibilities for the audiTr of the financial stcttements sedion of our report. We are independent of the Chorty in accordance As explain more knlly in the trustees, responsibilities statement, the trustees are resF>onsible for the preparalion OF the financial slatements and for being satisfied that they give a true ond foir view, ond for such internal control as they determine is necessary to enable the preparation OF financial statements MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION In the light of our knowledge and understanding oftkn charitable company SAT-7 UK Trust knm1d Report ol the Truslees & Account$- 2023
FINANCIAL STATEMENTS
thal are free frorn malerial misstatement,
whether due to fraud or error.
focused on specific laws and
regulations which we considered may
have a dired malerial elhct on the
financial statements of the operations of
company, including the Companies
Ad 2(X)6, toxotion legislalion and daTra
protection, anli-briberyi employment,
penOn5, environmental and Falth and
safety legislation," and
There are inherent limikntK>ns in our audit
procedures described above. The rnore
removed that laws and regulations are
from financial transactions, the less likely
itls thatr would Orne aware of non-
ompliance. Auditing standards also limit
the audrl procedures required b identify
non
FINANCIAL STATEMENTS
STATEMENT OF
FINANCIAL ACTIVITIES
CHARITY BALANCE SHEET
INCORPORATING INCOME AND EXPENDITURE ACCOUNT
Year ended 31 December 2023
As at 31 December 2023
Compary Nvmbor 03301736
2023
21Y22
UnroslridBd Unreslrirt8d
Generd
Des19naa
Fun&
Funds
Re#rirtod Endowrnant Total Funds TokdFvndB
F15
Funds
2(Y22
Ftx•d oss•ts
Ton8ik>l• •d os¥•ls
9,337
Income ond end
FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS CASH FLOW STATEMENT Year ended 31 December 2023 2023 I ACCOUNTING POLICIES accounling periods, the income is dekrred until tthe perias. N• The finonciol st(rfements hove been prered in accodance witrh the historical Cost convention except for investments which have been included at fair value and in accordance with the Statement of Recommended Practice: Accounling and Reporting by Charithes preparing their occounts in accodance wiTrh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) issued in October 2019 and the Financial Reporting Stondard applable in the United Kingdom Republic of Ireland (FRS 102) and the Compan5 Act 2006 and UK General Accepted PractKe as it applies from l January 2019. Opgrahonal ¢ash flow5 11. Wien donors impose condilions which have to be fulfilled before the cFKJrity becomes enliled to Use such income, the income 15 deferred until the pre-conditions have been met. Cash flows from opwallng octivltl•s Colts of Charitabl• Acthviti•i 13 11,939,3361 (1744.9411 N•t oufflow frorn op8rahng ochviligs 11.939.3361 (1744.9411 Cash flows for op•mNng advltl85 Expenditure is recognised in the period in which a legal or constructNe obligation arises. Expendilure includes altrIbUble VAT which cannoi be recovered. Donahons ond1•gaci•s 13 2,377,384 2.202,811 othar tradi achvihe5 13 1.231 Othor ¢Jetivli8$ 13 6,836 Coih OF raising fvndi 13 1544,39n 1437,7541 Certain expendilure is directly altrributable to specific adivtiies and this has been included in those cost categories. Other costs, whKh are cthributable lo more than one colegory, are apportioned across C05t categories on the knsis of wo&l¢Jod surveys carried out tirne to time. Net inkn for operahng att1115 1.834.224 1.774,764 loufflowl/inflow of op•rohng a111•> 29,823 The charty is o public nefit enlityas defin under FRSI 02. Non•op•rational <ash flows The trustees consider that there are no material uncertainties about the cknrity's obility to continue as a going concern. The trustees assess the cknrity has sufficient reseryes to be able to meet t challenges of the current economic environment and the charty's liabilrlies as they fall due. Govemance costs include those costs associated with meeting tkn constitutional and statrutory requirements ofthe charty and include the audrtr fees and costs linked to strategic management of the charity. Govemance costs are included within charitable aclivity costs. Inv•stiry actr¥iti•s Invtr5tmén+s- irw•skn•nt pnperty incèm• 13 20.340 1110Th of tongibl• frx•d 15,485) (4.8631 19.115 15,477 Nqt cash inflow/loufflowl for thg y•ar 14 185,997) 45.3 b. Income is accounhd for as receivable once tknre is a reasorKJble certainty of the probable economic benefit from the resource the amunt can be rEliably measured. Income from donalions is included wn these are receivab, except as follow& d. Grants payable are charged in the year when the offer is conveyed to the recipient. CASH FLOW RESTRICTIONS Fundional fixed assets are held at cost less accumulated deprecialion. Assets cosling less than £500 ore generolly not capitalis. CFKJrity law prohibits ihe use of net cash inflows on any endowed or other restricted fund to offset net cash othAows on any Knd outside 115 own objed5, except on special authority. In practice, this restridion has not had any effect on cash flows for the year. When donors specify thot donalions given to the charity musi used in knre Depreciation is calculahd so asto write off the cost of an asset, less its estimated Th• nol•s on pu8w 41 t• 57forn) purtofthw• finonrlglthm•S. SAT-7 UK Trust knm1d Report ol the Truslees & Account$- 2023
FINANCIAL STATEMENTS
uliirnate residual value, over the usehJl life
of that asset as follows:
pension schemes are charged to the
Statement of FirKJncial Activities in the F)eri
FINANCIAL STATEMENTS SAT-7 UK'S charitable activities include: 5 NET (EXPENDITURE) / INCOME FOR THEYEAR This is Staled after charging: IN THE UK Engaging with Christian communities in the UK to enable a deepened understanding of the chollenges faced by Chrislians and the people ofthe MENA region, the impacl of SAT-7, and the opportunities tc proy, engage and partner kr change. community and contributing to the good of society ond CUlre. Toknl 2022 Number of trustees reimbursed for their out of pocket travel expenses: 2023: Grants were paid 10 5AT-7 International Trust of £1, 500,55512022: £1,401,297). 2023 Grants to SAT-7 Intemational Trust conskst OF restricted grants for specific projeds and unrestricted grants lo be used by SAT-7 International Trust in fulfilling their charitable activitie 5.823 5.682 512022: 41. No SUPPORTINGTHE CHURCH IN THE Avditor'a t Trustee received any remuneration during the year. MENA Making grants for the broadcasting of satellite Pl and digital medio programmes, to see o growing Church in the MENA, confident in Christian foith and witness, serving the 8,775 2.925 2.5t)) 450 Aggregate donations from Trustees and other related parties in the year were £33,247 Poymgnts ol Trust¢. pen5 ,122 12022: £34,705). 6 STAFF COSTS AND NUMBERS The aggregate payroll costs were: Young tol•nt •n SAT.7 KIDS Aty J•suJ pr•grnmm• Total 2023 Total 2022 One employee received emoluments between £60,000 to £70,000. 12022: One) 4 SUPPORT COSTS Wap a 5alryies 509.205 425.368 Ralslng funds Chdrhubl• adlvhi•s Total Total 2022 d soeurty cosls 42.997 33.635 The average weekly number of employees bosed on headcount during the yearwas Curr•nt y•ar p•on contr6on$ 27.890 22,513 3.046 5blF costs ond *(JlF related co3tS 33,627 5,785 39,412 29.332 584,383 484.562 1812022= 171. 30,012 15.946 45,958 36.633 Admin 8xp8nJe8 77,568 67,673 T45,241 148.532 maThi9errbent perxfflna indudin9 Dewalion 3,028 2,795 S,823 5,682 emther 5 pension conhi&rfions. 193,145 180,615 Govèmanca costs 20.no 20.730 15.574 144,235 112,¢r29 257.164 235.753 For the comparative figures please see note 23. SAT-7 UK TnTr LiMid eport of th8 Trustsei & Accoumj. 2023
FINANCIAL STATEMENTS 7 TAXATION 10 DEBTORS Tal 2023 Total 2022 The thority is exempt from corporation tox on its choritable octivitie 1.065 1,413 8 TANGIBLE FIXED ASSETS 16.917 16.876 262.834 21.899 L•asehold Improv6m•nts OHIc• •qulpm•nl Offi<• furnir• Total Tax Y•duimdbkn under G& Aid 10, 144 288.502 50.332 Cost Al l January 2023 5,149 42.836 15.348 63.333 11 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Additions 5.485 5,485 AI 31 DKember 2023 5,149 48,321 15,348 08,818 DepralIan Told 2023 Toftrl 2022 Al l Jonuary 2023 4.763 34.851 14.382 53,996 Deprecialion 5,146 477 5,822 Tra& uEdÉlors 9.169 25.450 At 31 Decernknr 2023 4.962 39.997 14.859 59.818 19.346 19.721 N•t book valu• 625 AI 31 DKomber 2023 187 8,324 489 SAT-7 Inknolitind Tmst 113.934 110.424 At 31 Decernr 2022 386 7.985 966 9.337 145,749 156,220 9 INVESTMENTS Total 2023 Toknl 2022 12 COMMITMENTS UNDER OPERATING LICENSES The inveslrnenl propertie5 are revalued by the trustees every five years as o F)olicy so the carrying amount does noi differ materially from the foir volue of the osset ot the end of the reporting peria. The trv5tee5 obioined a Fornial valuation at 31 December 2022 from Haart Estate Agents. At 31 DeCeMr 2023 the Charlble company had totol minimum lease payments under non-cancellable operating leases as follows: Inv•slm•nt prop•rtl•s Morket value ot l Jgnuary 310.(M)O 310,OCKI value at 31 Decem[ 310.¢Y)O 310.000 X123 Lund & buildings 2022 Land & buildings Hi&orKol eod OF 31 Decembor 310.000 310.0 Within l y•ar 13.598 13,598 2 to 5 years 16.262 SAT-7 UK TnTr LiMid eport of th8 Trustsei & Accoumj. 2023
FINANCIAL STATEMENTS
13 RECONCILIATION OF THE STATEMENT OF FINANCIAL
ACTIVITIES TO THE CASH FLOW STATEMENT
14 ANALYSIS OF CHANGES IN CASH DURINGTHE YEAR
21Y23
2022
Chang•
SOFA
Debtars
adjustment
Credèars
Sta<k
adjustment adjuslment
Toftd Funds
2022
C
FINANCIAL STATEMENTS 15 MOVEMENT IN FUNDS Yeqrgndod 31 Do¢embgr 2(Y23 AtlJan X123 In¢•mfj Expon Trqnrforffj Ai 31 Da< 2023 D8v8lapment inthoUK Fundsyet to be receia General funds Endowrn•nt funds ExpeTrdre kn UK Devdoprnent Fund 1118,2601 118,260 Penda endowment 310,000 310.000 Tran&rh UK Dw•Wi•ni Fund 129.069 1129.0691 310.000 0.000 i¢r2,000 1192,0001 10,809 192,000 1202,8091 RMtrltt•d funds SAT.7 Intwngfionol Endowment fund5 Cr05s Channel kniecls 133.227 1133.227) Experdable endovrnxnt Property donated to the charity has been irKluded as an expendable endowment and is being used to generate income for the cFKJrity. There is no legal requirement to hold the property for this purpose (and therekre, it is not permanenly endowed), but the Trustees believe this use is in line with intentions of the donor in the medium tem. Cross Channel: Childr•n'i PrOgroMrrfftg 52.547 152.5471 cr ChaDn•l: Dixipl•ship Progrumrni IPJ41 Cross Chanmol: Womén's Pwrammy 20,376 120.3761 SAT-7 ACADEMY 11.286 111.2861 Restricted funds SAT-7 ARABIC 105,941 1105,9411 SAT-7 KIDS 30,112 130.1121 Cross Channel Projecls Fund for the operatirg costs of SAT-7 and specific projects that cross all channe15 and regions. SAT-7 PARS 145.n6 1145.n61 SAT-7TURK 39.753 139.7531 Cross Channel: Chiklren's Programming Fund kr programmes for chiklren across oFSAT-7'5 chonnels and language groups UK Nalionals woknng kr SAT-7 Inhrnalional Trvit 49.805 149.8051 Cross Channel: Discipleship Programming Fund for discipleship and bible teaching programming across all of SAT-7's channels and language groups. &4T.7 UK TPrO111 SAT-7 UK Develowent 141x1) Cros5 Channel: Educalion Programming Fund for educalion programming Ixros5 all of SAT-7's channels and language groups. 590.047 1590.0471 Unr•knd•d fvnd Cross Channel: Women's Programming Gene1 knd. 219,144 2.010,901 11,858,153) 1202.8091 169.083 Fund For programming to SUPPOrtvulnerable and marginalised women acrr)ss all ofSAT-7'3 channels and lar£uage groups. D•signahd knnds SAT-7 ACADEMY D•v•lopm•nt in th• UK 173.27] 10,809 184,CrfX) Fund for the operational costs of SAT-7's education and development programrning broa&asling in Arabic on SAT-7 KIDS and SAT-7 ARABIC. Fu$ yet received l¢f2,000 191(MX) Inv•shn•Thl propety 10.000 10.000 SAT-7 ARABIC Fund For the operalional costs of SAT-7'5 Arabic language channel for young people and adults lover 16 years). 402,415 2.010,901 11,858,153> 555,163 T*)knl funds 711415 16(10.948 12.448.2(XI) 865.163 SAT-7 KIDS Fund for the operational costs of SAT-7's children channel broa&asting in Arabic. The comparative movernenl in Knds figures can be kund in note 24. SAT-7 UK Trust knm1d Report ol the Truslees & Account$- 2023
FINANCIAL STATEMENTS 17 COMPANY LIMITED BY GUARANTEE SAT-7 PARS Fund kr the operational costs of SAT-7's For51 language channel. programmè on SAT.7 TORK SAT-7 TURK Fund for the operalionol costs of SAT-7'5 Turkish language channel. The compony is limid by guorontee ttnd os such hos no is5ua share capital. In the event of the company being Vund vp the liobilty of the rnernbers is limited to £ l each. SAT-7 Plus Fund for the new on-demand streaming seryice with programffles in Arabic, Farsi, and Turkish. UK Nationals working for SAT-7 IntnatiOnal Trust Fund for the costs of UK notionols working For SAT-7 internotionol Trust. 18 FUNDS HELD AS A CUSTODIAN FOR OTHERS SAT-7 UK Development Fvnd for the operational and developrnental cost OF SAT-7 UK Trust in GB and Ireland. At the year end. the charity held £694.154 (2022.. £592.7531 of cosh balances Under the control of SAT 7 Intemalional Trust. These lances hove been excluded the balance sheet. Designated fund This applies to knnds given For generol purposes desIgnad to o porticulor purpose by o resolthion passed by the Trustee5 of SAT-7 UK Trust. Fllming on thè r4Jad for SAT-7 ARABIC rknnnèl Development in the UK Fvnd for targeted inilialives lo advance the vmrk and impact of SAT-7 UK Trusl in GB and Ireland. In the year funds were received on beholf of SAT-7 Internalional Trust totalling £1,502,373 (2022.. £1,376,160). Payrnents mode a5 a custodian trustee on behalf OF SAT-7 International Trust totolled £ l,400,97112022: £1,379,789). Funds yet to be received The fund represents seleded mulii-year grants and legacies recognised os income but not yet received, therefore the trustees hove designed these until they have efi received and are able to spent. Investment propety The trustees have de519naied aside hJnds for potential costs relating lo the cladding on the investmenl properties. Further details of the custodian trustee relationships con be found within the trustees, report. 16 ANALY51S BETWEEN FUNDS 19 RELATED PARTY TRANSACTIONS The comparative figures for the anaty5i5 of net ossels between funds note can be und in nole 25. Inv?slmonts Tqn9iblo fixod assats Othw not T•tsl There are no related paty transaclions other than discloth e15ewkre in these financial 51alements. 5AT.7 ARABIC Youth programm•, f•taly•l As qt 31 (omb9r 2023 Endowm•nt fvnd Expandable end0OnI 310,000 310,000 310.1) 310.0 Unr•strl¢t•d lund• Generol K+nds 160,083 169,083 Designtha knnds 386.080 386.080 310.000 9.000 546.163 805, 163 SAT-7 UK TnTr LiMid eport of th8 Trustsei & Accoumj. 2023
FINANCIAL STATEMENTS COMPARATIVE FIGURES The notes on the followin9 pages corttain comparative information and are integral to the financial statements as required by the Statement of Recommended Practice. 22 EXPENDITURE COMPARATIVE FIGURES Gr¢mts payabl• Dlr•rt ¢oits Support costs (not• 23) T•tal 2022 20 STATEMENT OF FINANCIAL ACTIVITY COMPARATIVE FIGURES Unrestritted unrestr1cd General Designated Fund5 Funds Rothictad Endvwrnont T¢bkd Fvnds Funds Funds 2022 Raisiry fvn(h ShJlF wsts 230,548 24.065 260.613 102,889 K12.889 Income and endowment5 frorn: 76.056 76.056 Donation8 and le9aCi 1.563, 1 597.292 2.1¢S0.399 339,437 100. 121 439,558 Inv•stm•nts 20,340 20,340 trlldi achvihes Inth•UK 267,394 135,632 403,026 Oth•f incorne 6.830 6.836 SUPPOrh the in ryion 1.401,297 1,401,297 To1 incom? 1,593, 154 597,292 2. 190,446 Expenditure on: 1.401,297 267.394 135.632 1,804.323 Railing tundi 433.863 5.695 439.558 1.401,297 606,831 235,753 2,243,881 ChariFable actMti•s 1. 168, 148 38,883 5W,292 1.804,323 Toknl •xwnditurn .602,011 44,578 597292 2.243.881 N•t incom4/1gxpgndilur•l 18.8571 144.5781 153.4351 23 SUPPORT COSTS COMPARATIVE FIGURES Transkn behyeen 1102.0991 102,0 Rai5irYJ funds Charitable Tofrol 2022 Net mo¥•m8nt In funds 1110.9561 ,521 153.4351 Funds broughtfor¥wJrd ot l January 330, ICKI 125,750 310.OLKJ 765,850 Fund5 corried forward ot 31 December 219,144 183,271 310,CtsJ 712,415 Shiff costsond r•laknd costs 24,065 5,2a7 29,332 21,668 14,965 36.633 21 DONATIONS AND GIFTS COMPARATIVE FIGURES ImiTh •xpen 51,661 96.vl 148.532 2,955 5.082 Unr••tri<t•d Gonorql Funds R••trirt•d Funds End•wm•r* fun& T•fv 2022 Priw yoar 15,574 15,574 ILKJ. 121 135.632 235.753 chuh•S 132.306 43, 112 175.478 Instilvtiofis 496,185 341,05/ 837.242 1ndN1dL 854,424 213, 123 1,067,547 Legacies 80, 132 80. 132 1,563,107 597,292 2, 160.399 SAT-7 UK Trust knm1d Report ol the Truslees & Account$- 2023
FINANCIAL STATEMENTS 24 MOVEMENT IN FUNDS COMPARATIVE FIGURES 25 ANALYSIS OF NET ASSETS BETWEEN FUNDS COMPARATIVE FIGURES Year anded 31 Dember 2022 Ailjan 2022 Income Expen¢&re Tronsfer5 At 31 Dec 2022 Inv•stm•nts TaThgibl• fix•d ass•ls Oth•r n•t ass•ts Total Endowm•ntfunds As 31 D•c•mb•r 2022 Expèndaue endowmèrtt 310.OC(J 310.C(X) Endowment fund 310.OLTrJ 310.¢X 310.(k 310.C( 310.OIXI 310,Ch R•#rid•d fvnds Unrethided lunds SAT.7 Intemalionol prDjeds Genèrol knnds 9.337 209.807 219.144 Cross Channe5 Proiecls 54.235 154.2351 D9thd I1$ 183,271 183,271 Cros5 Chann81: Children S Programming 43.651 143,6511 310.oc 9,337 3.078 712.415 Cross Channel: Dt5cipkthip Proytruni 64.262 164.262) Cro88 Channel: Women's Programmwb9 104.381 (104.3811 SAT-7 ACADEMY 11,479 [11.4791 SAT-7 ARABIC 52.683 152.6831 SAT-7 KIDS 36.191 (36.1911 SAT-7 PARS 166,191 1166, 1911 SAT-7 TURK 12.624 11?.624J IMKwlty on 5AT.7'5ARABIC UK Nolionals workin9 lor SAT-7 Internalional Twsl 50.570 (50.5701 SAT-7 UK Tru5tproj8cts SAT-7 UK Devekpmenfr 1.025 {1.025J 597.292 1597.2921 1.1 Unr•ritt•d lunds Genenl knfids 330. 1 1.593.154 11.602.011) 1102.0991 219.144 Designoted lund5 Developm¢nF in the UK 125,750 f44,5781 92.099 173, Inveslmenl property 10.0 10.tx 455,850 1,593,154 11,646,589J 402,415 Totol funds 705,850 2,190,446 12.?43.881J 712.415 Descriptions for knnds above con be kund in note 15. SAT-7 UK TnTrM Limid eport of th8 Trustsei & Acc3. 2023
5AT-7 UK Trust Limilod A Company LIM by Guarartee Isit Company Regi51ralion No 03301736 Registwed Charity no 1060012 SAT-7 Ul 34 New Road Chippenham wiltsre SN15 IEI +441011249 765 865 re5pond@sar7uk.o 4uy tsr late news on SAT-7'5 the Middle Ets. chon9ed for secutity aSonS and irnages used for pSen10n only. &4T.7 shuttercoM