Registered number: 03678243 Charity number.. 1072964 SCRIPTURE UNION INTERNATIONAL COUNCIL (A company limited by guarantee) DIRECTORS. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 ")B5K)F3S* 12 CLWNNIES HOUSE SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guarantee) CONTENTS Page Reference and admlnistratlve details of the Company. its Director5 and advisers Directots. report Independent audltors. report on Ihe flnancial sL￿ements Statement of financial activities 2-10 15 Balance sheet 16 Statement of cash flows 17 Notes to the financlal statements 18-33 SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guarnnteel REFERENCE AND ADMINISTRATIVE D￿AlLs OF THE COMPANY, ITS DIRECTORS AND ADVISERS FOR THE YEAR ENDED 310ECEMBER 2021 Dlre¢tors Dr Samuel Koffi Afrane Dr Ramon Wa￿e Baker Dr Christran Hel￿"g. Chairman Mts Monika Kuschmieo. Chief Executive Dr Ennqve marb.nez Reina Ms Margaret Melrose Norman Mr Soon-wah Jon Ong Dr Margaret Kaniki S￿ale Mr Dawd Brian Thompson Iresbjned 5 ju￿ 2021 > Mr Derek Mark Heasman (appointed 5 Jufy 2021) Mr Andrew McKenae (appainted 5 July 2021) Company regislered number 03678243 Charlty reglstered number 1072964 Registered office Lytchett House. 13 Freeland Park Wareham Road PcN)le Dorsel BH166FA Independent auditors UHY H*er Young Filch Limited Statutory Auditors & Chartered AeetrJntants 27-29 Gordon Street Belfast 8T12LG Banker5 CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4TA HSBC 186 8roadvAy Didcol Oxon OX118RP Spar- und Kredilbank eG Posttach 4085 58426 Witten Germany Solicitors Pothe¢ary Witham Wekl 70 SL George's Square L￿dOn SW1V 3RD Page 1 SCRIPTURE UNION INTERNATIONAL COUNCIL {A company Ilmiied by guaranlee) DIRECTORS. REPORT FOR THE YEAR ENDED 31 OECEMBER 2021 The Oireclors {who are also Trusiees of the ¢haritsble company) present their annual report together with the audited financial statements of the Company for the 1 January 2021 to 31 December 2021. The Annual reFQrt serves Ihe purposes of a Directors, reKt•rt and a directors. report under company law. The Directors confirm that the Annual report and financ￿￿ slatements of the charitable company comply wth the current staiutory requirements, the requirements of the charrtable companls governing d￿Ument and the provisions of the Statement of Recommended Praclice ISORPI applicab￿ to ¢harities preparing their accounts in accordance with the Financial Reporting Stsndard applrAble in the UK and Repub14c of IreL3nd IFRS1021 (effective 1 January 20191. Since the Company qualffies as small under section 382 of the Companies Act 20(￿. the Strategic report required of medium and large Companies under the Companies Act 20C6 (Strategic Report and Directors, Report) Regulab"on$ 2013 has been omitted. ObJectlves and activilies a. Policies arHI obJe¢tlvts SUIC'S objects are to support the work of Scripture unl￿ throughout the w(x1d in its aims of advancing Ihe Christian farth by= making God's good news known to children, young people. and famil￿$. and encouraging people of all ages to meet G¢yJ daity through the Bible and prayer. so that they may come to personal faith in our Lord Jesus Christ, grow in Christian maturty and become both committed Church members and Servants of a world in need. To fvlfil our cornrnon vision, SUIC is vralking alongsth National Movements, inspiring and equipping effective ministry, and creating a Kingdom-minded community. b. The Scripture Union Movement Scripture Union wor1dv￿de comprises national and other movements - currendy 133 in 118 cc4Jntries each with its own governing Council or Committee. Each movement is autonomous in ils own rigm but has adopted the Statement of Aims, Bel￿f and Working Principles set out in the Arb"cles of A$s￿latiOn of the Scripture Union International Council. ¢. Grant-making policies Grants are made by SUIC to Scripture Union National Movements in order lo further their work and in a¢c(Ydance wlh the obj'ecls of the charitaNe company. Page 2 SCRIPTURE UNION INTERNATIONAL COUNCIL (A ¢ornpany Ilmited by guarantee DIRECTORS. REPORT (CONTINUEOI FOR THE YEAR ENDED 31 DECEMBER 2021 Objectlves and actlvllies (conllnued) d. Main activities undertaken ¢0 fvrther the Company's purposes for the publ1¢ benefrt The directors are Wdre of the Charity's Commission's general guidance on publi¢ benefrt and, in particular. the specific guidance on charities for the advancement of rel￿10ft. This is taken into consideration when reviewing SUIC'S aims and objecbves in planning future ¥tNitses. SUIC has. in their directors. wew, met the public benefil requirement ty. supporting National Movements in their aclivib.es providing ministry and goveman¢e training to leaders and volunteers developing and sharing res￿ree$ provKJing educatsonal benefit to communittes in various Countries making grants to National Councils, who through their work are helping to en$uR that fvture generations will continue to know God and devdop personal relats"orbships wth Him providing development loans to enable Nab"onal CounciL8 Continue their work. providing emergency fvnding to Natb)nal Councils in need because of the Covid-19 pandemic. . Strategk Framework With respect to strategic planning. the Directors back in 2019 decided to or9anise the work of SUIC within four focus areas. In summary, these cover the areas of ministry, fostering cross ￿Mmunity collaboration between National Movements, developing trusted partnerships likwinded agencies, and promotiThJ sustainability initiatives. Besides these areas. administrab.on and governance is needed as a supporting structure. Structurep governan¢¢ and management . Constitution Scripture Union Intemational Council ISUICI is registered as a charitable company limited by guarantee under Company registration number 3678243 and was set up by a Memorandurn of A$s￿lab.0n on 3rd D￿ember 1998. SUIC is also registered as a charity with the Chanties Ccffimission for England & Wales under registration number 1072964. Page 3 SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guarantee DIRECTORS. REPORT ICONTINUED FOR THE YEAR ENDED 31 DECENIBER 2021 Stwcture, governance and managemenl Icontinuedl b. Methods of appointment or election of Dirnctor5 The rnonagernent of the Cornpany is the responsibility of the Directors who are elected and Co￿pted under the terms of the Mem(Yandum of AsS￿￿qti0n. The Directors and Irustees for the wrposes of tharity law fomi a Global Board, having been appointed by the General Assembly. Mem￿r8 of the General Assemw c4)mprise: a Chair, an Honorary Treasurer., an Intemab'onal Director, and ex•officio the chair, or in his or her absence the person entilled to exercise the functions of the chair (which may include the national or most senior executy.ve director), or in his or her absence the person duly appointed to the satisfaction of Ihe Global Board to represent the funcb.on of the chair. of each National MovemenL The Global Board shall number no more than eleven Directors vtho {￿1prise.. ex-offieio the Chair, ex-officio the Honorary Treasurer.. ex-officio the International Director., up to six Directors elected., arKI up to Directors Co￿pIed. The names of the Global Board are listed on the reference and administrative infomation page.The Global Board manage the affairs of the General Assembty but must refer all matters of major policy io the members of the General Assembty. which Nlill meet every year either in perx)n or via an electronic meeting. ¢. Poli¢ies adoptod for the inductlon and tralnlng of Dlrectors New Directors undergo an orienlalion lo brief them on their *al obligations under charity and company law, the content of the Memorandum and Articles of Assocoiion. the committee and decision-making processes, the business plan and recent financial ￿rfOrMance of SUIC. During the induction they meet key employees and other Directors. Oireclors are encouraged to attend appropriate extemal training events vthere these wll facilitate the undertaking of their role. Dvnng 2021 some Directors attended virtual meetings of the Cc*nmunity Groups to gain a greater understsnding of the issues faced in providing ministy in different countries. In 2021 two new Directh were appointed. The Honorary Treasurer reswned, and one member from the Board of Direc￿ was elected as the new Honorary Treasurer. d. Related party relationships Transacb"ons with SU Movements have not been treated as related parbes. The Company has not entered into any other related party transactions dunng the year, nor are there any oulstanding balances owing between lated parties al the balance sheet date. Page 4 SCRIPTURE UNION INTERNATIONAL COUNCIL (A company limited by gu•Antee) DIRECTORS, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Plans for future periods The charitable company plans to continue the a¢ts"vit"es outlined above in the forthcoming years subject to satisfa¢tory funding arrangements. In addibon to that, a c￿pIe of further ￿an$ are being deVelo￿d. Ministy As part of the SUIC strategy, the Global Team will provKle fvrther training on Chikl Safety and Wellbeing for National Movements and wort( the advocate5 to ensure that thikj proteclion training for Ic¢al staff and volunteers will be implemented and the necessary measures in place. A Bible Engagement Inity"ab"ve VAII be iolled out globalty in the followng years in order to rethink and redefine our Bible Engagement for the next generab.on and develop up-t¢>date cutting-edge resourc£s for children and young people. The sLqrtng Foinl wll be a Bible Engagement Consultation in 2022. A new asF*Ct will be the exploration of the digital fiekl, helyng National Movements make use of digitsl tools. Community Ongoirsg training and development will tske pla￿ during 2022 in the 13 Community Groups. In these Groups. movements with cornrnonalrty gather together to discuss issues of strategic importance in relation to their ministry and organisational development ￿th the purpose of developing ministry effectNeness, community. improved sustainability, and partnership Collat￿tic￿. Sustainability SUIC will work with vulnerable movements on developing fundraising strategies for local fundraising. Another focus wll be project methodology training in order to enable National Movements lo find suitable extsrnal support. Partnership SUIC WIN strengthen pattrership Churches and other mission agencies in order to enable vulnerable movements to benefit from global connections. Administrabon and Governance SUIC will enhance its IT tools in order to ddiver better seThices to the National Movements. The Global Board ts planning to work on global theological and ethical issues that are impa¢ting the work wrth hildren and young people. Achlevements and performan¢e Page 5 SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guarantee) DIRECTORS. REPORT (CONTINUED FOR THE YEAR ENDED 31 DECEM8ER 2021 Achievements and perfomiance {¢ontinuedl . Review of activities The following paragraphs provide a summary of the chartys wincipal acts"wlies during 2021.. Pollcy and Overslght Due lo the pandemic. the Global 8oard was not able to meel F*by$￿allY but conduded all meetings virtually. In March and Odober 2021, the Board mel for three consecuts.ve day5 each time. and in April, May, June, and November the Board held half4ay electronic meety"ngts. During these meetings, the Global Board received reports on the work of the Gbbal Team and Nab"onal Movement situations and reviewed a wide range of strategic and ￿vernance i$$ue$. In July. a General Assembly t￿k place virtualty. using the SUI Extranel, over a peri¢￿1 of four days, allowing lime for parb'cipation and communicalion from members from different time zones around the world. The General Assembly started with a INe evenl in two ts.me zones. hosted by the Global Team who gave an update on their work in the past year. The agenda and various documents were uploaded to the Extranet in English, Spanish and French. Participants had the opportunity to comment. respond to Comments or ask questions that were answered by the Global Chair and the Global Treasurer together wih the Intemalional Director. Voting on necessary governance matters look place electronitslty during the General Assembly. Two new Board members were elected by the General Assernbly for a perisxl of six years. Or Margaret Stwale was ele¢ted as the Honorary Treasurer for a period of five years after having setved for four months as the Interim Treasurer. Strateglc Devèlopment A few overseas wsils We￿ made during short time wndows when travelling was possible. The International Director met with Global Team members, National Movement leaders. and donors in Britain, USA, Canada, Swtzerland, and Gemiany. Individual meelin9s staff members. mfftisty pattrers and supwrters were held rtualty in addition to extensive communication by email. The International Director held also frequent wrtual meetings with the Global Team to work on strategies and resources for the strategic priorty areas agreed by the Global Board. but also peer-learning and peer-support. Even though the travel restnctions did nol alb￿ for fa￿l0•face meetings. gc(#J PrTra￿s was made. Ministry Followng on from a decision of the Global Board. in 2021 Ihe Global Team focused on Child Protection and Safeguarding training. Not all countries have a strong awarenes5 about safeguarding issues., in some majority wodd countries it is not considered an imwrtant issue. In order to protect all children and young people participating in SU activities around the world, and also because of the need io protect the reputation of the global SU community, the Global Team of SUI delivered virtual training days lo ensure every National Movement has the appropriate training for Chld Proteth"on and Safeguarding. This induded offering approwiate training f￿ all SU rrK)vements in English, Fre￿h. Spanish and Russian. training regional trainers and *Jvo¢*es wll keep the topic on the agenda of the regional Community Groups. working wth Community Groups to ensure Nab"onal Movement ￿aderS are sharin9 best pra¢ts"ce mtsjels th their peers and discussing cultural issues that need lo be addressed. helkN'ng National Movement5 devdop and implemenl a l(talty adjusted Child Proteth"on Policy based on the policy that SUI offered as a template. The feedback was very encouraging - Nats"onal Movements p￿ed up the leaming's and implemented them in their own programmes. developed their Child Prolectson Pdtcies, and some even started training Others {e.g. chur¢he$ or local communit￿s}. The Ministry Specialist for Chihjren and Families conlinued lo engage Virtually wth global partners in the areas of sports ministry, family ministy and general children's ministy. One of the key resources, 'Family Fil" an all-age programme that is suited to help families grow together in faith and frtness. ha$ been translated into a great Page 6 SCRIPTURE UNION INTERNATIONAL COUNCIL (A company limited ty guarantee) DIRECTORS. REPORT (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2021 Achlevements and perforniance Iconlinued) number of langu￿e5 and new content has been developed. The out¢omes of an intemal Bible Engagement survey that was conducled among National Movements in 2020 were presented to the global communty in March 2021, and rnonthly ￿rtUal Round Table conversations were offered to discuss the results. These conversauons have helFed to shape the virlual Bible Engagement Consultation that is planned for spring 2022. Community During 2021. thirteen ￿rtUal Community Group meets.ngs tcK)k place. The Inlemational Director participated in eight of them lo I￿nnect wth key leaders. understsnd the needs of the National Movements. present resour¢es that have been developed by the Global Team. and discuss future plans. Indivmlual Board members or Global Team members were also present at some of the Community Group meetings. Ministry related webinars. but also Community Group related virtual events brought together leaders, staff and volunteers from all many National Movements for collaboration and sharing. The Field Development Directors created the space for Directors to leam from their peers, pray for each other and support each other in pra¢￿al ways like sharing resources helping less equipped movements wth material supporL The Global Week of Prayer in Novemter was launched with a global prayer gathering and ended wth a 24-hours prayer event in which 48 National Movements played an a¢b"ve role and about 1000 individuals participated. Sustainability The Field Develtspment Dbrectors worked with National Movements to help them set strategic goals and develc their ministy capacity and sustainability. However. a lol of work was also directed toward dealing wrth the short- temi goal of keeping up the Iccal ministn.es during the cnsis and finding donors lo help those vulnerable movements Ihat were not able to supwrt themselves. The French translation of an in4epth online Course on fundraising and capacity building in collaborabon with a partner organization from the USA has been rolled out and was V￿11 received by the participants are now more ¢onfident in communicating donors. The Intemalional Director in consultation with key staff in the different parts of the wodd identified worthwhile projects WOTldwide and made them known to polentsal donors. Grfts were given for these projects from donors or National Councils, both lo SUIC arKt direct to the relevant National Councils. Only gifts received by the SU International Council are reflected in ils financial statements. These gifts were placed in Restricted Reserves and grants were then made at the appropri*e times to the re￿vant recipients in accordar>ce with the donors, instrucb'ons. Thanks to the exceptional generosity of National Movements and individuals during the criss year it was possible to set up an Emergency Relief Fund to assist National Movements suffering because of the pandemic with emergency support according to transparent apPl￿tion principles. A first part of the money had al￿adY been paid out in 2020, the rest was paid out in 2021. Partnership SUIC has a policy of developing trusted partnerships wih olher likfrminded agencies aTrJ Klentified this as one of its strategic action areas. Forum of Bible Agencies Inlemational {FOBAII. The Inlemational Director, as the Vice Chair of FOBAI, attended their virtual gatherings and kept on leadirKJ a sutpcommittee that is seeking to include Global Voices in FOBAI which will be finalyzed by a White Paper in 2022. The outcomes of the Global v0￿e5 strategy will also be fed into the global SU community. World Evangelical Alliance.. The Inlernatsonal Director pa￿'cIpated in a f￿e-tO-faCe meeting with other internatsonal organizations in children and youlh ministry facilttaled by the Wodd Evangelical Alliance s youth department. New nefvnrks were created. and cOoperat￿ft opportunib'e$ explored. Page 7 SCRIPTURE UNION INTERNATIONAL COUNCIL {A company limited by guarantee) DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Achievements and perfomianu (continued) Administrat￿n/GOvern8nce {incl. COMMUn￿atIOns} The Intemalional Director worked wth the UK team ￿ further improve finance and administration systems. A key focus was the irnplementstson of new IT systems thal are enhancing collaborats.on of the global team members. SUIC continued to develop its social media presence and developed a monthty newsletter. sharing infomiation arKI stories of the work from around the worfd The Global 8oard also gave imwrtanl attents.on dLFring the year to the development, approval, and implementation of a range of governance policies and procedures. The Global Board has responsibility for reviewng salary wlicy and salary strnctures. Proposed changes are recommended by the Inlernational Direclor to the Global Board based on tenchmarking salaries against other relevant mission agen¢Es. The annual levels of key management are approved by the Global Board. The salaries were adjusted lo current stsndards. Financial review a. Going concern After making 8pproprk3te enquiries. the Directors have 8 reasonable expectsth.on that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason. they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going coneem basis ¢an be found in the a¢¢ounting FoItEs. b. Reserves pollcy The Directors have estsblished a lo hold a level of general unrestr￿ted reseNes (excluding designated fvnds) at a balance in the range 25QA to 50% of annual operational costs. in order to allow for changes in expected cash flow patterns and to be able to meet operational costs for periods nomially associated with employee redundancy provisions. This is rev￿Wed on an annual basis. The level of general unrestricted resefves al 31 December 2021 stood at £483,724 {2020 £479,582), which equates lo around 91°% of totsl gener4 expendtlure for 2021. The level of reserve5 t5 therefore deemed satisfactory. Some unreStr￿ted funds have been desKJnated fof purposes as sel out in nots 14. c. Investments policy The Directors maintain a poI￿Y of balancing fetums on funds invested and an 2ecept8ble level of risk. In 2021 the Directors reviewed their global banking arrangements. Futher ￿JUstMents wll be made in 2022 and monitored on an ongoing basis. Page 8 SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guarantee) DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 d. Principal rlsks and uncertainties The Directors have idenliffied the severity of the risks lo which the charty LS Potentially exposed. They have also consitjered the likelihood of those risks. The steps tsken to m￿"gate Ihose risk$ have been assessed in light of both the seventy and likelihood of each risk. Risks have been summarised into apprtyriate categories cover¢ng the prinapal areas of governance. operakn"onal. financial. exiemal, and regulatory risk. The Global Board risk register has been revivwed al each meeb.ng of Ihe Global Board and mitigabng ath'ons aJieed. e. Finance Unre$tn"¢ted incomW￿ resources for the year amounted to £588.276 (2020." £721,506) of which £469,810 {2020'. £497,474) came from National and Regional Councils. The Intemational Council invrtes voluntary contributions from the various movement Councils lo finance its acb"wb"es in line wrth the scale of their operations In proportion to the woddwide aclivibes of the movemenl. These are tsken up as income al the time of the commitrnent from the n?ts'onal rnovement Unrestricted and undesignated exFenditure for the year amounted to £530. 141 (2020". £587.3401 mainly for salaries, related costs and travel. This also includes grants of £182.387 (2020". £180,037) which were made lo National Councils. Designated expenditure the year amounted to £1.130 12020: £5,176) which was in relation to the development of Ihe Movements around the world. Restricted in¢oming resources amounted to £339.(65 {2020.' £773.164) and restricled expenditure £267,908 {2020. £422.0731. Total fund balances al 31 December 2021 were £1.726.794 {2020.. £1,652.62SI: unreslricted funds standing al £483,724 {2020 £479,582). designated fvnds al £244.608 12020: £245,738) and restrthd funds at £998.462 12020. £927,305). Members. liability The Memters of the Company guarantee to ¢￿tn"bUte an amcAJnt nol exceeding £10 lo the assets of the Company in the event of winding up. Page 9 SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guarantee) DIRECTORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 ststement of Dire¢tors' responsibilities The Directors {who are also the directors of the Company for the purposes of company lawl are responsible for preparing the Directors, report and the financial statements in accordance with appI￿able law and United Kingdom AccountiThJ Stsndards (United Kingdom Generalty Accepted Accounting Practice). Company law requires the Directtys to prepare financial statements for each financial . Under company law, the Directors musl not approve the finaneL41 statements unless they are satisfied that they give a true and fair view of the stale of affairs of the Company and of its incoming resources and applulion of resources. including ils income and expenditure, for that period. In preparing these financral statements, the Directors are required to.. select suitable accounb.ng policies and then apply them consistently.. obseNe the methods and principles of the charib.es SORP (FRS 102).. make judgments and accountsng estimates that are reasonable and prudent." slate whether applicable UK Accountsng Stsndards IFRS 102) have been followed. subject to any material departures disclosed and explained in the financial stslements. prepare the financial statements on the going ￿nCern basi5 unless it is inappropriate lo presume that the Company will conts.nue in business. The Directors are responsible for keeping adequate accounting records that are sufficient lo show and explain the Company's transactions and disclose wth reasonable accuracy al any lime the financial posf(ion of the Company and enable them to entsure that the financial statemenls comply with the Companies Act 20C6. They are also responsible for safeguarding the a$5ets of the c￿PanY and hence for taking reasonable steps for Ihe prevention and detection of fraud and other irregularity"e$. Disclosure of InfonnatSon lo auditovs Each of Ihe pers(N)s who are Directors at Ihe tirre when this Directors. report is approved has confirmed that.. so far as that Director is aware, the￿ ts no relevant audit infomiaty.on of which the charity's auditors are unaware. and that Director has laken all the sleps thal otsjhl lo have been taken as a Director in order to be aware of any relevant au¢Jit infomation and lo estsblish that the charity's audr(ors are aware of that information. Audltor5 The auditors, UHY Hacker Young Frtch Limiled, have indicated thwr wllingness to continue in office. The designated Directors will propose a motion reappointing audrtors at a meeting of the Directors. Approved by order of the memJ)ers of the board of Directors on 29 Apn"12022 and signed on their behalf by.. Dr Christian Helhiiig Chairman Dr Margaret Kanikl Slwale Director Page 10 SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guar4nlee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SCRIPTURE UNION INTERNATIONAL COUNCIL Opinion We have audited the financrdl statements of Scripture Union Intemational Council (the 'charitable company'l for the year ended 31 Decemkr 2021 which comprise the Sialement of financial actsvities. the Balance sheet. the Statement of cash flows and the related notes. including a summary of significant accounting policies. The financial reporting framework thal has been aPpl￿d in their preparats.on is applicable Law and United Kingdom Accounting Standards. including Financial Reporb'ng Standard 102 'The Financial Reporting Stsndard applrable in the UK and Republ￿ of Ireland, (Unrted Kingdom GeneTalty kcepted Accountirsg Pract￿). In our opinion the financial ststements". give a Irue and fair view of the stale of the charitabbe companls affairs as at 31 December 2021 and of its incoming resources and appI￿a￿"0n of resources. including its income and expenditure for the year then ended". have been properly prepared in accordance wth United lfjngdom Generally Accepted Accounting Practi￿., and have been prepared in a¢ctydan¢e with the requirements of the Companies Aci 2006. .Basis for opinion We conducted our audit in accordance Intemational Standards on Auditsng {UKI IISAS IUKI) and applicable law. Our reswnsibilities under those standards are further described in the Auditc￿$. responsibilits.es for the audit of the financ￿1 statements secb'on of our report We are independent of the charitsble company in a¢¢ordance th the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reports"ng Counryfs Ethical Stsndard, and we have futfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo pn)vide a basis for our opinion. Conclusions relating to going toncem In auditing the financial statements. we have concluded that the Directors. use of the goin9 concem basis of accounting in the weparation of the financol statements is appropriate. Based on the work we have perf0M￿d, we have not idenlffied any material uncertainties relaling to events or condib'ons that, individually or collectively. may cast sKJnificanl doubt on the charitable company's ability to continue as a going concem for a peri¢>d of at least tr￿1ve months from when Ihe flnancral statements are aulhorised for issue. Our reSpOns￿lI1beS and the resF)onsibiliks of the Directors with respect to going concern are described in the relevant sectsons of this reFX)fL Other informatio The Directors are responsible for the other informal￿n. The other infwmation comprises the intsmalion included in the Annual report other than the financial statements and our Auditors, report thereon. Our opinion on the financial statements does nol cover the other informats.on and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audrt of the financkal stslements. our reswnsibility is to read the other information and, in doing so, consider whether the other infomiation is materialty inconsistent with the financial statements or our knowledge obtained in the audit or othefwse appears lo be materially misstsled. If we identify such malerial inconsistencies or apparent material misstalemenls. ¥￿ are required to detemiine whether there is a material mi5ststement in the financial statements ￿ a materFal misstatement of the other infomiation. If, based on the work we have performed. we conclude that there is a material misstatement of this other information, we are required to report that facL We have nothing to in this regard. Page 11 SCRIPTURE UNION INTERNATIONAL COUNCIL {A company Ilmited by guarantee> INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SCRIPTURE UNION INTERNATIONAL COUNCIL (CONTINUED Opinlon on other matters prescribed by the Companies Act 2006 In our opinion. based on Ihe WO￿ undertaken in ihe course of the audit. the informab.on given in the Directors, report for the fina￿￿￿1 year for whKh the financial statements are prepared is consistent with the financial stslements_ the Directors, report has been prepared in ac￿rdanCe th applicable legal ￿qLbI￿rnents. Matters on whlch we are required to report by exception In the light of our kno￿edge and understsnding of the Charitable Company and rts environment obtained in the course of the audiL we have not idents.fied material misstslements in the Oirectors, reporL We have r￿thIng to rep)rt in respect of the fotkm.ng matters in relation to which Companies Act 2IXI6 requires us lo report to you if. in our opinion.. adequate a¢counb'ng records have nol been kep( or relums adequate for our audit have not been eived from branches not visrted by us., c the financial statemenls are not in agreement with the a¢c*)unting records and relums., or certsin disclosures of Directors, remuneration specified by law are not made., or we have not received all the infomiaty.on and explanatsons we require for our audi(" or the Oirectors were not enbved lo prepare the finanaal statements in accordance the small cornpanies regime and take advantage of the small o)mpanies' exemptions in weparing the Directors, report and from the requirement to prepare a Strategic reporL Responsibilities of dirnctors As explained more fully in the Directors. responsibilttyes statemenl, the Directors (who are also the directors of the charitable company for Ihe purposes of company lawl are responsible for the preparation of the financial statements and for being saty"sfied that they give a true and fair VEW, and for such internal control as the Directors delermine is necessary to enable the r*eparatw)n of financial statements that are free from material rnisstatemenl, whether due to fraud or error. In preparing the financial slatemenls, the Directtys are responsible for assessing the charitable company's ability to continue as a going concern, dis¢losing, as applicable, matters related to going concem and using the going concern basis of accounting unless the Directors either intend to liquidate the charitable company or to cease operations, or have no rea1F$￿ altematsve but to do so. Page 12 SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guarnnteel INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SCRIPTURE UNION INTERNATIONAL COUNCIL (CONTINUED) Auditors. responsibilities for the audit of the flnanclal statements Our objectives are to oblain reasonable assurance a￿ut vthelher the finaneial statements as a ￿Ole are free from material misstatement, whether due to fraud or error. an(J to issue an Auditors, report that includes our opinion. Reasonable assurance Is a high kvel of assuranee. bul is not a guarantee that an audit conducted in accordance with ISAS IUKI wll akvays detect a matenal misstslement when it exists. Misstatements can arise from fraud or error and are considered material rf, individualty or in the aggregate. they could reasonably be expected to influence the econom￿ dectsions of users laken on the basis of these financial stslements. Irregularities. including fraud, are instsnces of non-compliance wrth laws and Tegulations. We design procedures in line with our responsibilits"es, ouuined above, to detect Material mi5ststements in respect of irregularities, including fraud. The extent to which our pr(￿lureS are ¢apable of detecting irregulwities, including fraud 1$ detailed below.. Our approach to identifying and assessing the risks of material misstatement in respect of irregularit*s. including fraud and non-compliance vith laws and regulations. was as follows. The engagement partner ensured Ihal the engagement team collectNely had the appropriate competence, capabilitses and skills to identify or recognise non-compliance vith applicable law5 and regulations. As part of the audit in accordance with ISAS {UlQ we exercised professional judgmenl and maintained professional skeplicism throughout the audit. We identified the laws and regulations applicable to the company through discussion5 with directors and other management, arKI from our Commercial knowledge and experience of the sector and we fcKused on specific laws and pgulalions wh￿h ￿ considered may have a direct material effect on the financial statements or the operabons of the eompany, including the Companies Acl 2006, UK Charities Act. taxation legislation and data protection, antpbribery. employment, environmental and heath and safety legislation. We assessed the susceptibility of the companYs financ￿1 statements to material misststement. including obtainin9 an understsnding of how fraud mNJht o¢¢ur. by making enquiries of management as lo where they considered there was sus¢epts"bility to fraud, their knovAedge of actual, suspected and alleged fraud and considering the internal controls in pl&e to m￿"gate risks of fraud and non-compliance wlh laws and regulations. We obtained an understsnding of intemal controls relevant lo Ihe audit In order to despjn audit procedures that We￿ appropriate in the circumstances bul not for the purpose of expressing an opinion of the effeclNeness of the Company's internal controls. To address the risk of fraud through management bias and override of controls, we Ferft)rmed analytical procedures to identy.fy any unusual or unexpected relats"onships- tested journal entries to identify unusual transactions., evaluated the approprkileness of accounting wI￿leS used. including managements, use of the going concern basis of accounbng. 2nd the reasonableness of accounting estimates and related disclosu￿$ made by management", and investrJated the rati¢Jnale behind signi￿ant or unusual transacb"ons. In response to the risk of irregularities and nonYy. in accordance wlh Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might 5tste to the charitable company's members those matters we are required tr) state to them in an Auditors. report and for no other purpose. To the fullest extent permitted by law, we do not aeeepl or assume feswnsibility lo anyone other than the charitable company and its members. as a body, for our audit work. for this report, or for the opinions we have formed. Mi¢hael Fit¢h (Senior statutory auditor) for and on behalf of UHY Hacker Young Fitch Limiled Siatulory Auditors & Chartered A￿oun￿nts 27-29 Gordon Street Belfast BT12LG 29 April 2022 Page 14 SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guarantee) STATEMENT OF FINANCIAL ACTMTIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 DECEMBER 2021 Unrestrlcted funds 2021 Restrlcled funds 2021 Totsl funds 2021 Total funds 2020 Note Income from: Donaty'ons and legacies Charitable acb"wts"es Other income 588.207 339.065 927,272 1,493, 744 5t5 411 69 Total income ExpeThd1￿re on: Charitsble actiwties 588.276 339,065 927.341 1.494,670 S31,271 267.908 799,179 1,014.590 Total expenditu $31,271 267.908 799,179 1,014,590 Nel movement in funds before other recognised gainsl{lossesl Other recognised gainslllosses): Foreign exchange gainslllosse5) 57,005 71.157 128,162 480,080 (53.993) (53,993 32,939 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds 3.012 71,157 74.169 513,019 725.320 3.012 927.305 71.157 1,652,625 74,169 1,139,606 513,019 Total funds carried forward 728,332 998.462 1,726,794 1,652,625 The Statement of financial activit￿ incI￿je$ all gains and losses rewnised in the year. The notes on pages 18 to 33 form part of these financkql ststements. Page 15 SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guarantee) REGISTERED NUMBER: 03678243 BALANCE SHEET AS AT 31 DECEMBER 2021 2021 2020 Note Fixed assets Current assets Debtors Cash at bank and in hand 11 131,681 1.675.074 130.632 1.596,525 1,806.755 1.727. 157 Creditors.. amounts falling due wthin ￿e year 12 (79.%11 (74.532) current assets 1.726,794 1.652,625 Total assets less current liabilities 1,726,794 1,652,625 Net assets excludlng pension asset 1.726.794 1,652,625 Total nel assets 1.726.794 1,652,625 Charity funds ReSts￿led funds Unrestricted funds 14 998.462 927,305 Designated funds General funds 14 244,608 483,724 245, 738 4T9,582 14 Totsl unrestricted fvnds 14 728.332 725,320 Totsl funds 1.726.794 1,652.625 The DI￿torS acknovAedge their respOns￿l￿"tieS for ¢omplwng with the requirements of the Acl with respect awounling records and preparation of financial statements. The financial stalements have been prepared in xcordan¢e 7Mth the provisions applicable to enbb.es subject lo the small companies regime. The f￿anCIal slatemenls were approved and authorised for isgje by the Directors on 29 April 2022 and signed on their behalf by.. Dr Christian Hellwlg Chairman Dr Maryaret Kaniki Siwaie Oirectr The notes on pages 18 10 33 form part of these financial statements. Page 16 SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2021 2021 2020 Cash flows fr(xn operating activities Net cash utsed in operating actiwties 91,435 620,019 Cash flows fr(xn investing aetivltles Dividends. interests and rents from investments 69 411 Net ¢ash provided by investing activilies 69 Cash Ilows from financlng aclivitles Net cash provided by financing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 91,$04 1,596,525 620.430 976.095 Cash and cash equivalents at the ¢nd of the year 1,688,029 1,596,525 The notes on pages 18 to 33 fom part of these financial statements Page 17 SCRIPTURE UNION INTERNATIONAL COUNCIL IA Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 General InfO￿atIOn Scripture Union Intemational Council is a registered charitable company limited by guarantee under company registration number 3678243. The company's registere(l office is siluated at 13 Wareham Road. Lytchett Matravers. Pcole, England, 8H16 6FA. The charitable companls main objectives are to support ￿ wryk of Scripture Union throughout the world in ils aims of advancing the Christian faith. A¢counting policies 2.1 Basis of preparation of financial sL*ements The financ￿1 statements have been prepared in aCcCYdan￿ wth the Charities SORP IFRS 1021- Accounting and Rewrb'ng by Chariti'es.. Statement of Re¢ommended Practice applicable to charities preparing their xcounls in accordance with the Financial Repo￿.￿9 Stsndard applicable In the UK and RepubTr￿ of IrelarKI (FRS 1021 leffe¢tive 1 January 20191, the Financial Reports"ng Standard applicabte in the UK arKI Republt of Ireland IFRS 102) and the Companies Act 20C6. 2.2 Golng concern After making appropriate enquirres, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable frjlure. For this reason, they continue lo adopt the going concem basis in preparing the financial statements. Further detsils regarding Ihe adoption of the going concem basis can be found in the accounting policies. 2J Income All income is recognise(J once the Company has entitlement to the income, rt is probable th* the income will be weived and the amount of income receivable ￿ be measured relkgbly. Where the donated good is a fixed asset, r( is measured al fair value. unless it is impractical to measure this reliabty. in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a C￿reSpOndIng amount is included in the appropriate fixed asset class and depreuated over the usefvl economt life in *cordance with the Companys ounbng Fd of receipL Income tax recoverable in relation to donations received urKler Gtft or deeds of covenant is rec¢yJnised at the time of the donation. Other in￿rne is reccgnised in the peri¢>J in it is receivable and to the extent the goods have been prowded or on completion of the serV￿e. Page 18 SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Ac¢ounting policies (continued) 2.4 Expenditure Expenditure is recognised once there is a legal or constructNe obligalion to transfer economic benefit to a third paty. il is wobable that a transfer of economic benefils will be required in settlement and Ihe amount of the oblKJalion can be measured reliably. Expenditure is classified by activity. The costs of each activity a￿ made up of the total of direct costs and shared costs, including support costs involved in undertaking each actiwty. Direel Costs attributable to a sin9le activity are allocated direcdy to that actsvity. Shared costs which conlribute to more than one acb.vity and support costs which are not attnbulable to a single acts.vty are apportk)ned betsveen those aelivrties on a basis eonsistent with the use of resources. Central staff cost$ are allocated on the basis of lime spent. and depreciation Charges allocated on the F￿)￿on of the asset's use. Expenditure on charttable acbvib.es LS wKurred on directty undertaking the aclmb.es which further the Company's objecbves. as WEII as any aSS￿l81ed support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is condits"onal, such grants being recojnised as expenditure when the conditions attaching are fulfilled. Grants offered subjeel to eondtknons whi¢h have not been mel al the year end are noted as a commitrnenL but not &erued as expenditure. All exFeThjrtU￿ is Inc￿siVe of i[reC￿era￿de VAT. 2.$ Interest receivable Interest on funds held on deposit is included when receivable and the amount Can be measured reliabty by the Company., this 15 nomalty uwn nots"fication of the interest paid or payable by the institution with whom the funds are deposited. 2.6 Foreign cuffencies Monetary assets and 1tabilits.es denominated in fOre￿n cUr￿nCle$ are translated inio steding at rates of ex¢hange ruling al the reporting date. Transactions in for￿gn currencies are translated into sterfwy at the rale ruling on the date of the transaction. Exchange gains and losses are re¢ognised in the Statement of financial actiw"ties. 2.7 Debto Trade and other debtors are rec￿niSed at the settlernent amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.8 Cash at bank and In hand Cash at bank and in hand includes cash and short-temi highly liquid investments with a short maturity of three months or less from the date of wuigtion or opening of the deposit or similar account. Page 19 SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2021 Accounting policies (continued 2.9 Liabilities and provisions Lia￿lItIeS are recc4Jnised ￿en there obloab.on at the Balance 5heei date as a result of a past event, il is probable that a transfer of economt benefit will be required in settlement, and the amount of the settlement can be estimated rel￿bty. Liabilities are recognised at the amount that the Company anb"¢ipates il will pay to settle the debt or the amount it has received as advanced paymenls for Ihe goods or semces it must provide. Provisions are Measu￿ at the best estimate of the amounts required io settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tsx discount rate that reflecls the rBks specific to the liability. The unwinding of the discount is reccqni5ed in the Statement of financial acbvities as a finance cosL 2.10 Financial instruments The Company onty has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are inib.alty recognised al transaction value and subsequently measured at their settlement value wrth the eX￿P￿"On of bank loans which are 5ubsequenUy measured * amC￿￿"Se￿ Cost using the effeebve inieresl methc*J. 2.11 Pensions The Company operates a defined contn.butr.￿ pension and the pension charge represents the amounts payable by the Company to the fvnd in ￿SpeCt of the year. 2.12 Fund accountsng General funds are unreslrrbj funds which are availabk for use al the dis¢reb'on of the Directors in furtherance of the general objectNes of Ihe Company and vknich have rbQt been designated for other PLbrposes. Desi9nated funds c¢)mprise unrestn.cted funds that have been set a$￿e by the Directors for parb"cular purposes. The aim and Ltse of each desonated fvnd is set out in the notes lo the financial statements. Restricted fvn¢Js are funds which we to be used in accordance specific restn"ctions imposed by donors or which have been raised ty the Company for parb'cular purposes. The costs of raising and adrninistering such funds are charged against the Specif￿ fund. The aim and use of each restri¢ted fun¢J is set out in the notes to the financ￿1 statements. Page 20 SCRIPTURE UNION INTERNATIONAL COUNCIL {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Income from donations and legacies Unrestricted Restricted funds funds 2021 2021 Total funds 2021 Donatlong Oonations Contributions from SU Movement$ Team Support Legacies 69.465 469,810 48,932 329,C65 398.530 469.810 48.932 10.000 10,000 Subtotal delailed disclosure 588.207 339,C65 927.272 Total 2021 588.207 339.C65 927,272 Unrestricted funds 2020 ReStr￿ted funds 2020 Tot81 funds 2020 Donations Donations Contributions from SU Movements Team support 157,280 497,474 65,826 773. 164 930, 444 497,474 65,826 Subtotal detailed disclosu 720,580 7T3, 164 1,493,744 Total 2020 720,580 773, 164 1.493, 744 Page 21 SCRIPTURE UNION INTERNATIONAL COUNCIL (A company limited by guardntee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2021 Income Irom charltable aclivities Total funds 2021 Programme & publications Un￿Stricted funds 2020 Total funds 2020 Programme & publK*"ons 515 515 Other incoming resour¢es Unrestricted funds 2021 Total funds 2021 Bank interest 69 69 Unrestricted funds 2020 Total funds 2020 Bank interest 411 411 Page 22 SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Anatysls of expenditure on charltable actlvllles Summary by fund type Unrestricted Restri¢ted funds funds 2021 2021 Total funds 2021 Min￿try Comrnunity Sustainability Partnership Governance 117,515 103,358 164,642 44,533 101,223 78.064 45.798 97.189 11.384 35,473 195.579 149.156 261,831 55,917 136,696 Total 2021 531,271 267,908 799.179 Un￿$bIcted funds 2020 Restricted funds 2020 Total funds 2020 Ministry Community Sustsinability Partnership Govemance 140,539 114,286 186.832 44.482 106.378 114,597 75.480 136, 577 32,756 62,663 255, 136 189, 766 323,409 77,238 169.041 Total 2020 592,517 422, 073 1,014,590 P￿e 23 SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Anafysis of expenditure by activities Activitie$ undertaken dlrectjy 2021 Grant funding of activities 2021 Support costs 2021 Total fund$ 2021 Ministry Community Sustainability Partnership Governance 79.293 45.798 97.189 11.384 35.473 49,974 32,222 59,458 13,983 26,750 66.312 71,136 105,184 30,550 74.473 195,579 149.156 261,831 55,917 136,696 Total 2021 269,137 182,387 347,655 799,179 Actwit￿S undertaken dire¢Uy 2020 Grant funding ol a¢tiVAtses 2020 Support costs 2020 Tot81 funds 2020 Ministry Community Sustainability Partnership Governance 119. 772 75.480 136,5T7 32. 756 62.663 50,470 31,807 57.552 13,803 26.405 84,894 82,479 129,280 30.679 79,973 255, 138 189, 766 323,409 7T,238 169,041 Total 2020 427,248 180,037 407,305 1.014,590 Auditors. remuneralion 2021 2020 Fees payable to the Companls auditor for the audit of the Companls annual a¢¢ounts 4375 5. 724 Fees payable to the Companls audrtor in respect of. I nonvaudit seNices not includ&J above 1,425 1,908 Page 24 SCRIPTURE UNION INTERNATIONAL COUNCIL IA Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Staff costs 2021 2020 Wages and Salaries Social security costs Contribution to defined contribution pen%on schemes 263.417 11,539 8.707 304,903 3,611 8,651 283,663 317, 165 The average number of persons empkjyed by the Company during the year was as folk)ws: 2021 2020 Adminislration & Finance Intern*ional Director. Speoaltsts & F￿ld Development Staff No empkjyee received remuneralion amountirwj to more Ihan £60.000 in erther year. S¢ripture Union 1ntematr.onal Council utilised the seNee$ of five indtwduals during the year who are not employed by the company direcUy but are seconded under agreement with a pa￿'Cular scriptu￿ Union movement. S*ry related costs were recharged to Scripture Union Intemats'onal Council for these employees. None of these indiwduals were paid more than £60,0￿. During the year key managemen( including the Intemational Director, received salaries totalling £99,78212020.' £96,277) Page 25 SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 10. Directovs. remuneratlon and expenses During the year, one Oirector received remuneration from the Company. The Companys Attcles of Association authorises the payinent of remuneration lo the Inlemational Director. Monika KuschmierL Amounts are recharged from SU Germany to Scripture Union Inlemational Council relating to the International Direelorfs salary, as well as the reimbursemenl of travel & related Costs incurred in relation to the perfomiance of her dutses. The value of Directors. remuneration and other tenefits was as follcms.. 2021 2020 Remuneration & associated cosls of employment Mrs Monika Kuschmie 59,124 55,8T2 During the year ended 31 December 2021. expenses for travel and related costs totslling £NIL were reimbursed or paid directy io Oirector$12020". £Nill. 11. Debtors 2021 2020 Due after more than one year Other debtors 4.197 9.950 4,197 9,950 Due within one year Trade debtors Other debtors 1.887 112. 746 6,049 126,512 972 Prepayments and accrued income 131.681 130.632 Included in other debt(Ks are furKls of £88.174 (2020." £86,013) relati)g to deFosits held by SU Malaysia on behalf of SUIC that are restrtied SFecffi¢alty for the activities in East West Asia. Page 26 SCRIPTURE UNION INTERNATIONAL COUNCIL (A comp•ny limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 12. Creditors: Amounts falling due wiihirt one year 2021 2020 Trade creditors Other creditors A¢cruals and deferred income 16,045 53,246 10.670 10,492 56,901 7, 139 79,961 T4,532 13. Financial instruments 2021 2020 Finan¢i•l assets Finanual assets measured at lair value through income arKI expenditure 1,675,074 1,595,525 Financial assels rr*asured at fair value through in¢ome and expenditure Comprise cash & cash equivalents. Page 27 SCRIPTURE UNION INTERNATIONAL COUNCIL (A cornpany limited by 9uaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 14. Staternent of funds Statement of funds - current year Balance at 31 Galnsl December {Losses) 2021 Balante at 1 January 2021 Transfers Inlout Income Expenditure Unre8trlcted funds Deslgnated funds International Development Fund Transibon Reserve 135.738 11,1301 134,608 110,01)0 110,000 245.738 244,608 General funds General Fund5 479,S82 588.276 1530.141 {53,993 483,724 T¢)tsl Unrestri¢ted funds 725,320 588,276 (53,993) 728,332 R¢stricted funds Development Fund Revofving Fund Global Emergency Relief Fund Publishing Ministry Sustsin Travel Fund MiSs￿n Grant Activity Staff Emergency Welfare Fund Bible Engagement Consultation 625,626 S8,231 143,054 (172.923) 75.OlXI 670,757 58,231 96,171 3,343 (9,967) 175.000) 14,547 10.091 37,492 12,592 10,091 39.404 14,903 14.946 4,008 113,0341 (1,6971 Tl,133 15,022 134,3011 57,854 9,935 1.483 1689 10.729 (1,594) 1.697 137 Page 28 SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guarnntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 14. Statement of funds {continu¢d> SLitement of funds- cuffenl year (continued Balance at 31 Gainsl December (Losses) 2021 Balance at 1 January 2021 Transfers inlo Income Expenditure Strategic Needs for Supporting NM Child Protection & Safeguarding Funding West Africa Project Fund Environmental Project FurKI 111,710 (35,400) 10.000 10,0(XI 99 99 927.30S 339,065 {267,908) 998,462 Total of funds 1,652,625 927.341 1799.179) {S3,9931 1,726,794 Page 29 . SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limittd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 14. Statement of funds (contlnued) Statement of funds- prior year Balance al 31 December 2020 Balan￿ at l January 2020 Gains/ (Losses) Incom8 Expenditure Unrestricted funds Designated funds Discrelionary Fund Internats"onJ Development Fund Transition Reserve 5,176 (5. 176J 135. 738 110.&X> 135, 738 110,000 250.914 (5.1761 245, T38 General funds General Funds 312.478 721.505 (587,340) 32,939 479,582 Total Unrestricted funds 563,392 721,505 {592.5161 32,939 725,320 Restricted funds Development Fund Revolving Fund Children's Ministry Global Emergency Relief Fund Publishing Ministry Sustain Travel Fund Mission Grant Actmty Staff Emergency Welfare Fund 8itAe Engagement consultab.on 372.262 58.231 1.065 570.380 (257.016) 625,626 58,231 {1.065J (49,887) 146,058 96.ITI 10,091 3T,492 12.592 77, 133 9,935 34 10.091 43.518 5,588 135,398 9.425 636 16.658 8.221 29.112 2,360 375 (22,684) {1,217J (87.377) {1,85OJ (977J 576.214 773.164 1422,0731 927,305 Total of funds 1. 139.606 1.494.669 (1.014.589) 32,939 1,652.625 Page 30 SCRIPTURE UNION INTERNATIONAL COUNCIL {A company limited ty guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2021 15. Summary of funds Summary of funds- current year Balance at 31 Gainsl December (Losses) 2021 8alan¢e at 1 January 2021 Trnnsfers inloul Income Expendlture Designated funds General fvnds Restr￿ed funds 245.738 479.582 927.305 244.608 483.724 998.462 588.276 339.065 (530,1411 (267,9081 153.9931 1,652,62S 927.341 (799,1791 153.9931 1.726.794 Summary of funds- prior year 8alance al 31 December 2020 Balan￿ at l January 2020 Gains/ (Losses) Income Expenditure Designated fvnds General funds Restr￿ed funds 250.914 312.478 576.214 (5, 176) (587,340) (422,073) 245, 738 479,582 927,305 721, 505 773. 164 32.939 1. 139,606 1,494.669 (1,014,589) 32, 939 1,652,625 Analysls of net assets between funds Analysls of net assets between funds- current year Unrestricted Restricled funds funds 2021 2021 Totsl funds 2021 Debtors due after more than one year Current a$sel$ Creditors due wthin one year 4,197 804,096 179.961) 4,197 1.802,558 (79,961) 998.462 T¢)tal 728,332 998,462 1.726,794 Page 31 SCRIPTURE UNION INTERNATIONAL COUNCIL (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2021 16. Analysis of nel assets between funds (contlnuedl Analysis of nel assets between funds - prior year Unrestricted funds 2020 Restricted funds 2020 Total funds 2020 Debtors due after more than one year Cu￿ent assets Creditors due vnthin one year 9,950 789,902 (74.5321 9,950 1, 717,20T (74.532) 927,305 Total 725,320 927,305 1.652, 625 17. Reconclllallon of net movement in funds to net cash flow from operating activities 2021 2020 Net in¢ome for the year {as per Statement of Financial Activ￿) 128,162 480,080 Adjustments for. Dividends, Inte￿$ts and rents from investrnents Decreasellineieasel in debtors Increase in eredrtors Foreign ex¢hange dillerence 169) (1,049) S,429 141,0381 (411) 71,27T 36, 133 32,940 Net cash provided by operating activities 91,435 620.019 18. Analysls of cash and cash equivalents 2021 2020 Cash in harKI 1.688,029 1,596.525 Total cash and cash equivalents 1.688,029 1,596,525 Page 32 SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 19. Anatysis of Changes in net debt At1 January 2021 Cash flows At31 December 2021 Cash at bank and in hand 1,596,525 78,$49 1,675,074 1.596.525 78,549 1.675.074 20. Pension commitments The company opeptes a defined contribution pension s¢heme. The assets of the scheme are held separatety from those of the ￿MpanY in an indeFendendy adMin￿tered fund. The pension cost charge represents contributions payable by the company lo the fund and amounted to £8.707 (2020.. £8.651). There were no amounts payable and included in creditors at the balance sheet date. 21. Members. liabilty Each member of the chartsble company undertakes to contribute to the assets of the ¢ompany in the event of it being wound up lthile helshe a member. or wthin one year after helshe ceases to be a member, such amount as may te required. not exceeding £10 for the debts and liabilities contracted before helshe ceases to be a member. 22. Related party transactions Transactions wth SU Movements have nol been treated as related parties. The Company has nol entered into any other related party transactsons during the year. nor are there any outstanding balances owng between related parties at the balance sheet date. 23. PAASE disclosure In common with many other chantable companvs of our gze and nature. we use our auditors to assist with the preparation of financ￿ ststements. Controlling party The charitable ¢ompany is controifed by the Bckird of Dire¢t¢yS. Page 33