Ro95gtprgd num1. 03678243 Charity number: 1072964 SCRIPTURE UNION INTERNATIONAL COUNCIL (A company limited by guarantea) DIRECTORS, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ADAHBMYD 2810812024 COMPANIES HOUSE A21
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SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guarantee) CONTENTS Page Reference and admlnlstrative detsils of the Company, Its Directors and advisers Directors, report Independent audltor8' roport on th• fSnanclal ststom•nt• St•l•mont of flnanclal actlvltlo8 2-10 15 B•l•nco sheet 16 Stalement of ¢a$h flowg 17 Not¢$ to tho flnanelal stat•m•nts 18-30
SCRIPTURE UNION INTERNATIONAL COUNCIL IA Company limited by guaranteel REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS DIRECTORS AND ADVISERS FOR THE YEAR ENDED 31 OECEMBER 2023 Oireclors Dr Samuel Kori Afrane Dr Ramon Wayne 8aker Dr Christian Hellwig. Chaiman Mr$ Monika Kuschmierz, Chief Executive Dr Enrique Martinez Reina Ms Margaret Melrose Norman {resigned 3 July 20231 Mr Jose Joshua Qrtiz Gonzales (appointed 6 March 2024) Dr Margarel Kaniki sVale Mr Andrew M¢Kenzie Mr Derek Mark Heasman Ms Shirtey Maotsai Wang (appointed 15 February 2023) Company regl8t•red nUMr 03678243 Charlty roglstorod number 1072964 Registered offico Lytchett House, 13 Freeland Park Wareham Road Poole Oorsel 8H16 6FA Independent audltorn UHY Hacker Youn9 Fitch Limited Slalutory Auditors & Chartered Accountants Suite 2.06, Custom House Custom House Square 8effasl BT13ET Bankers CAF Bank 25 King5 Hill Avenue Kings Hill Wesl Malllng Kent ME19 4TA HSBC 186 Broadway Didcol Oxon OX118RP Spar- und Kreditbank eG Posffach 4085 58426 Vvitten Germany Solicitorg Pothecary Witham Weld 70 St. George's Square London SW1V 3RD Pa9e 1
SCRIPTURE UNION INTERNATIONAL COUNCIL (A company Ilmited by guarantee) DIRECTORS. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Directors (who are also Trustees of the chariteble company) present their annual report together with the audited financial stalements of the Scripture Union International CoLtrncil for the 1 January 2023 to 31 December 2023. The Annual report serves Ihe purposes of both a Direclors, feport and a directors, report under company law. The Directors Confirm that the Annual report and fi'nancial slalements of the charitable company comply th the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice {SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 20191. Since the Company qualifies as small under section 382 of Ihe Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Slralegic Report and Direclors. Report) Regulations 2013 has been omilled. ObJgctSve8 and actlvltles a. Poll¢l•$ ind obl•¢llv•8 SUIC'S object8 are to support the work of Scrlpture Union Ihrou9hout the world in 115 aims of advancing the Christian faith by.. making God'5 good news knovm to children, young people, and famie5., and encouraging people of all age5 to meet God daily through the Bible and prayer, so that they may come lo personal laith in our Lord Jesus Christ. grow in Christian maturity and become both committed Church members and servants of a world in need. To fulfil our common vlsion, SUIC is walking alongside Natlonal Movemenls, Insplring and equlpplng effective ministry, and creating a Kingdom-minded community. b. Thfr Scrlplure Unlon Movemont Scripture Union worldwide eomprises nationAI and other movements eurrently 134 in 120 eounlrie8 each with ils own governing Council or Committee. Each movement is autonomous in ils own right bul has a¢Jopted the Statement of Aims, Belief and Working Principlès sèl out In the Articles of Association of the Scripture Union International Councll. . Gront.rnaking policies Grants are made by SUIC to Scripture Union National Movements in order to lurther their work and in accordance with the objects of the charitable company. Page 2
SCRIPTURE UNION INTERNATIONAL COUNCIL (A company limited by guaranteel DIRECTORS, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Obie¢tlves and actl¥ltles (contlnued) d. Main activities undertaken to further tha Company's purposes for the public benefit The directors are aware of the Charily's Commission's general guidance on public benefil and, in particular, the speGifi¢ guidance on charitie3 for the advancement of feligion. Thi5 is taken into consideration en reviewtn9 SUIC'S aims and objective5 in planning future aclivilies. SUIC has. in their d1Clor$, view, met the public benefit requiremenl by.. supporting National Movements In their activities providing mlnlslry and governanco training to leaders and volunteers developlng and sharlng resources providing educational benefit lo communities in varlou8 countries making grants lo National Councils, who through their work are helping to ensure that future generations will continue to know God and develop personal relationships with Him providing development loans lo enable National Councils continue their rk. providing emergency funding to National Counclls in need because of polity'cal or economic instability In the country. •. Strat•gl¢ Framewo Wilh respect lo strategic planning, the directors have decided lo organize the work ol SUIC wlhin four focus areas. In summary, these cover the areas of Ministry.. excellent ministry., Community.. fostering cross community collaboration betjveen National Movements,. Partnership.. developing trusted partnerships with like-minded agencies, and- Sustainability.. promoting sustainability initialives. Adminislralion and Governance are supporting the focus areas. A¢hl•v•ment8 and p•rfomiance Page 3
SCRIPTURE UNIOM INTERNATIONAL COUNCIL IA company limited by guarantso) DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Achievemonts and perforniance {¢ontinued) a. Revlew of actlvltles Tha following paragraphs provide a Summary of the charity's principal a¢livities during 2023. Pollcy and Overslght In March and October 2023, the 8oard mel face lo face for three conse¢ulive days each lime, and in June and November the Board held half-day electronic meetings. During these meeting5. the Global Board received reports on the work of the Global Team and Nalional Movement situations and reviewed a wde range of Strategic and governance issues. At the face-to-face meeting in October, the Global Board spent a full day with the global staff team. This helped to belter understand the challenges and joys of the staff member$ as they implemenl global strategies in their daY-tdaY work. In July, a General Assembty took place virtually using the SUI Extranet, over a period of four days. This allowed Ilme for partlcipation and communication from members from dlfferenl time zones around the world. The General Assembly stsrted with a live evént broadcast In two time zones. hosted by the Global Tearn gave an update on their work in the past year. The agenda and various documents were uploaded lo the Extranet in English, Spanish and French. Participants had the opportunity to commenl. respond to comments or ask questions that were answered by the Global Chair and the Global Treasurer together with the International Director. Voting on necessary governance matters look place electronically during the General Assembly. In January 2023, Shirley Wang from Taiwan, joined the Global Board as a C0p1ed Board member and became a full Board member after her election al the Global Assembly in July. She replaced Maggie Nom)an, who finished her term in Juty 2023. Various new policies were discussed and approved by the Board including a Donations & Fundraising Policy and an Online Donalions Slalemenl,. other policies were reviewed. A number of Board working groups were set up to prepare for strategic Board ¢onver6alion$ around Current theological questions, and for the potential development of a $ep8rale business entity. The Board agreed to hold a physical General Assembty in 2024, seven years after the last General Assembly was held in 2017. This is in line with the Conslilullon that requires the SUI Council to hold a lacé-to-face General Assembly al leasl every len years. rhe Board also deGlded lo imbed the General Assembly Into a Global Galhering - a global conference for peer learning, strategic discussions and collaboration. Stralfrglc Development After three year5 of very kmiled travel opportunilies, Ihe various National Councils requesled physlcal meetings and visrts lo discuss Ihe developmenl of IheiT local work and to receive support and encouragernent. The Inlernalional Director met with Global Team members, National Movement leaders, and donors in.. Britain, USA, Switzerfand, Germany, Canada, Kenya, Ausliah'a, Northern Ireland, Burundi, Rwanda, Armenia, and Indonesia. Individual meelin9s with staff members, ministry partners and supporters were held virtually in additlon to extensive communication by email to follow up on the strategic goals and focus areas. The Intematlonal Director held frequent virtual meetings with the Global Team lo work on implementing the strategic priorlly areas agreed by the Global Board, and also for peer-learning and peer-support. Ministry Followng on from a decision of the Global Board. in 2023 the Global Team kept the focus on Child Protection and Safeguarding training for Nalional Councils, 5UPPOrting them in adoptlng a localized Child Protection Policy, and sharing experiences and key learnings. Al the end of 2023, an initial Ihree-year training project came lo an end. All National Movemenls who deliver programs for children and young people have received training from SUI or havel used training tools offered by olhef agencies. From 2024 onwards, regular online training will be Page 4
SCRIPTURE UNION INTERNATIONAL COUNCIL (A company limitsd by guaranteo) DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Achlevements and perfomiance Icontlnuedl offered for new leading staff members. Training tools for training local volunteers are available on our extranet. and volunteer child protection advocates in collaboralion with Global Team members will keep this theme high on the agenda of National Councils. The global Bible Engagement initiative was taken into the next project phase. Two wrilers. woikshops were facilitated by Scripture Union International. one in Uganda lor East African counlries. the other in Sri Lanka for Asian countries. The workshops brought logelh8r skilled wrllers from various SU movements lo develop new and engaging Bible•based resources that respond lo current issues and needs in th8 respective countries. Ouring each week, participants started writing culturally relevant resources that were finalized in collaborative online workshops, before tested in practice with children or young people, and finally they were show-cased at SUI'S Sowcalled marketplace events. These regular online meetings are open to all staff mernbers from around the wortd and offer information on the newest resources that are available for local adaplalion and Iranslabon. Tmfelve new resources were developed, some of them engaging chIren and young people digslally. One of the Communily Groups decided lo develop a new Bible guide for children. Gk)bal Team rnernbers facilitated the devek)pment of the curriculum. supported the writers and helped with the editin9 process. The new Bible. guide wll include some Augmented Reality IARI elements. bringing the 8ible Stories lo life. Sel up as an open-source license a9reement, the texts, graphics and AR films will be available for under-resourced National Movements for local use and translation as required. A key prlorlly for Scripture Union International Is thè dèvelopment of young l•ader8. In the lead.up lo the Global Gatherlng flfty so<alled "Young Ambassadors. were IdenlSfied young leaders from around thè world who are connected lo their local SU Councils either a8 staff or key volunteers. In ordef lo allow them lo speak into the Conversations of the global community, they weie pul into small groups lo choose relevant, fuluie-orienled topics, which they researched and then presented al the Global Gathering. In addition they réceived some online training (e.g. on the topiG of lundraisingl. A5 a group, they committed lo raising funds for their travel costs collectively, so that Young Ambassadors from less Weloff countries would be able to come lo Ihe Global Gathering. The Ministry Specialists continued lo engage vith global partners in the afeas of sports ministry, farnity ministry and general children's and youth ministry and were available for training needs that National Councils c Community Groups requested. Further informalion on the activities of Scripture Union member movements around Ihe world and the Organisalion's impact upon children, young people and communities can be found on the SGripture Union Inlemational website at htt s'.11 loball. Community Ounng 2023 most Community Group meetings took place online so that National Councils woukl be able lo save the conlerence and travel fees for their participation al the Global Gatherin9 in 2024. The International Director joined various (virtual) meetings to connect with key leaders, lo understand the needs of the National Mov8menls. present resources that have been developed by the Global Team, and to discuss fulure plans. Indlvldual Board members or Global Team members were also present at some of the Community Group meetings. Ministry related webinars, and also CommLTnity Group related virtual events, broughl together leaders. slaff and volunteers from all many National Movements for collaboralion and sharing. The Field Development Difectors created the space for directors lo learn from their peers. pray foi each other and support each other in practical way5 like sharing resources or helping less equipped movemenls wilh material support. The Global Week of Prayer in November tried a new way of Gonnecting National Movements. A prayer room vras open every day with scheduled activities. This was well accepted by the participants. Also, the Bible and prayer guide was used as an initial response opportunity lo prepare for the questions that the Global Community ¥Uld discuss at the Global Gathering in 2024. Pagè S
SCRIPTURE UNION INTERNATIONAL COUNCIL {A company limited by guarantee) DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Achlevem•nts and p•rfomiance (contlnued) Two monlhly publications. Global Prayer New$ and Gk)bal News, are produced on a regular basls lo connect Nallonal Councils in prayer and infomi the interested public about the work being undertaken. Sustainability The Field Development Directors worked with National Moveménts lo help them sel strategic goals and develop their ministry capacity and sustainability. A lol of work was directed loward developing good governance. The Field Development Directors supported National Boards in the process of their succession planning. The International Oireclor. in consultation with key staff in different parts of the vffjrld, identified worthwhrfe projects worldwide and made them known to potential donors. Gifts were given for these projects from individual donors, trusts or National Councils both lo SUIC and dire¢lly lo the relevant Nalional Councils. Only gifts received by the SU Inlernalional Council are reflected in its financial Slalem¢nl$. These gift$ were placed in Reslricled Reserves and grants were then made at the appropriate limes lo the relevant recipients in accordance with the donors, inslruclions. The Global Team kept working with National Councils in mgre vulnerable circurnslances on developing project methodology. The approach of donors towards giving and supporting ministries has changed significantly. Rather (han giving unconditionally and long.tem towards a certain ministry, donors more frequenlty require specific projects de$IplI0n$. The Global Team has created tools and delivered training to help local leaders grow in this area. In March 2023. SUI was able to appolnl a Project Management Tralner lo help Nallonal Councils Implemenl a project management methodology. Besides supporiing individual movement, She has designed appropriate group Irainin9. In September 2023, the first cohort consistin9 of 23 leaders from various countries in Africa, came together for a one week initial training on Project Management in Kenya. The group coMMed lo ongoing online training, reading assignments and praclical tasks and has now been working together for more than slx months. One of Ihe training outcomes was to produce thought through and well-written project application5 for which project monies have now been found. Two other cohorts will go through the same training in 2024. Partnership SUIC has a policy of developing trusted partnerships vthh other like4ninded agencies and identified this as one of 118 strategic action areas. The International Director connected wlh various strategic global ministry partners either al their global gatherings or al online meetings. including the Forum of Bible Agencies International IFOBAII, International Fellowshlp of Evangelical Students (IFES}, Grain of Wheal, United Bible Societies IUBSI, a youth ministry ne0 in Egypt, Christian Camping Internalional ICCI}, and the Lausanne Movement, to name a few. New connections were made, and cooperation opportunities explored. The ultimate goal for SUI $ global partnerships is for the benefit for the National Councils. SUIC has a policy of developing trusted partnerships with other lik minded agencies and idenlrfied Ihis as one of its slralegic actson areas. Administration/Govemance (incl. Con7munications) The International Director worked with the UK team to further improve finance and administratlon systems. The IT systems were improved so that they would serve the Project Management Team better who have to follow up on grants applications and progress reports. However. this is only a partial solution and will need further development as the number of project applications grow$. SUIC continued to develop its social media presence and kepl communlcalion going via a monthly newsletter. sharing information and stories of the work from around the world. The Global Board has responsibility for reVieng salary policy and salary Structures. Proposed changes a recommended by the Internalional Oirector lo the Global Board based on benchmarking salaries against other relevant mission agencies. The annual levels of key management are approved by the Global Board. The salaries were adjusted to current standards. Page 6
SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guarantee) DIRECTORS. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Flnanclal review . Going concorn After making approprlate enquiries, the Directors have a reasonable expectation that the Company has adequate resources to conllnue In operational exlstence for the foreseeable future. For Ihls reason, they continuè to adopt thé golng concern basis In preparlng the flnancial stalements. Further details regarding the adoption ol the going concern basis can be found in the accounting policies. b. R¢$¢rv•$ poll¢y The Direclors have established a policy to hold a level of general unrestricted reserves (excluding designated funds) al a balance in the range 25 h lo 50°h of annual operational costs, in Ofder lo allow for changes in expected cash flow pallerns and to be able lo meet operational costs for periods normally associated with employee fedundancy provigions. Thislg reviewed on an annual basls. The level of general unrestricted reserves al 31 December 2023 was £442.64812022'. £482,198>, thich equates to around 60% of lolal general expenditure for 2023. The level of reserves is therefore deemed satisfactory. Some unrestricted funds have been designated for specific purposes as set out in note 13. The level of designated reserves at 31 Decernber 2023 wa5 £258,97S12022.' £248,783). . Invo8tm•nts pollcy The directors malntaSn a policy of balancing relvrns on lunds invesled and an acceptable level of rlsk. In 2023 the dlrectors reviewed their global bankln9 arrangements. Further adjuslmenls wlll b• made in 2024 and monitored on an ongoing basis. d. Principal risk& and uncortainti08 The directors have identified the severily of the risks lo which the charity is potentially exposed. They have also considered the likelihood of those risks. Steps taken to miligale those risks have been assessed in light ol both the severity and likelihood of each risk. Risk5 have been summari5ed inlo appropriate categories covering the principal areas of governance. operational. financial. external, and regulatory risk. The Global Board rlsk register is reviewed Iwlce a year and mltigatlng actions agreed. e. Finance Unrestricted incoming resources for the year amounted to £733,428 {2022.' £693,845) of which £456,497 (2022.. £459,876} came from National and Regional Councils. The International Council invites voluntary contributions from the various movement Councils to finance its aclivities in line with the sGale of their operations in proportlon lo the VrldWIde activities of the movemenl. These are taken up as inGome at the lime of the commilrnent from the national movement. Unrestricted and undesignated expenditure for the year amounled to £732,169 (2022: £699,138) mainly for salaries. related costs and Iravel. This also includes grants of £166.759 {2022'. £184,951) which were made to National Coun¢il¥. Restricted incoming resources amounted lo £408,033 12022.. £275,347) and reslricled expenditure £445,898 12022. £373.813). Total fund balances at 31 December 2023 were £1.563,755 (2022.. £1,630.9761.' unrestricted funds standing at £442,648 12022: £482,196). designated fvnds at £258,975 {2022: £248,783) and restricted funds at £862,132 12022. £899.997). Page 7
SCRIPTURE UNION INTERNATIONAL COUNCIL (A company limited by guarantee) DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 OECEMBER 2023 Structure, governance and management a. Conslltutlon Scrlplure Union International Council ISUIC) 15 regislered as a charitable company limlted by guafantee under company régislr8lion number 3678243 and was sel up by a Memorandum of Assoclatlon on 3rd December 1998. SUIC Is also registered as a charity with the Charibes Commission for England & Wales under registratson number 1072964. b. Mathods of appointment or election of Dirnclors The management of the Company is the responsibility of the Directors who are elected and CO•QPled under the terms of the Memorandum of Assoclalion. The Dlreclors 8nd Iruslees for Ihe purposes of chanty18w lorm 8 Global Board, having been appointed by the General Assembly. Members of the General A68embly comprise.. Chair., an Honorary Treasurer., an International Director,, and ex-officio the chair, or in his or her absence the person entitled lo exercise the functions of the chair {which may include the natsonal Of most senior executive director), or in his or her absence the pefson duty appointed lo the satisfaction of the Global Board to represent the function of the chairl of each National Movernenl. The Global Board shall number no more than eleven Directors who comprise.. Ex-officio the Chair.. Ex-officio the Honorary Treasurer., Ex-officio the Inlernalional Direolor., up lo six Direclors elecled., and up lo hvo Directors co-opted. The names ol the Global Board are listed on the legal and administrative informalion page. The Global Board manage the affairs of the General Assembly bul must refer all matters of major policy to the members of the General Assembly. bthich w¢ll meet èvèry year either in person or vla an electronlc meeting. c. Policies adopted for the induction and training of Directors New Oireclors undergo an orienlalion to brief them on their legal obligations under charity and company law, the conlenl of the Memorandum and Arllcles of Associallon, the comrnittee and decision-making processes, the strateglc plan ané recent flnancial pèrformance of SUIC, Durtng the Induction they meet key employees and other Dlr&clors. Directors are encouraged to attend appropriate oxlernal training events vthere the6e wll fa¢ililale the undertaking of their role. During 2023 some directors attended virtual meetin9s ol the regional Community Groups to gain a greater understanding of the issues faced in providing ministry in different countries and to share their expert experience where appropriate. Page 8
SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guarant•el DIRECTORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Structure, governance and management Icont4nued) d. Related paty r•latlonshlp8 Tfansactions with SU Movements have not been Irealed as related parties. The Company has nDI entered into any other related party 1ran8acts.ons during the year, nor are there any outstanding balances owing between related path'es at the balance sheel dale. Plans for futura pèriods The charitable company plans to conllnue the acllvilies outlned above In the forthcoming years subject to salislactory funding arrangements. However. the current strategic plan is coming to an end in December 2024, At the Global Gathering in March 2024, tt)8 Global Team and Board listened lo the National Councils represented there and used their input to start lo develop a strategy for the years from 2025 onwards. fherefore, 2024 will be an important year lor the devdopment of a new plan. Ministry Training on Blble Engagement, the development of young leaders and finalizing the packaging of the Chlld Protection Trainin9 will stay high on the agenda for 2024. Community In 2024 the Scripture Union Global Galhenng will bg h•ld. This speclal event - last held in 2017 is open lo all SU Movement Chairpersons and National Leaders, plus anyone who works for or volunteers with an SU MovemenL Ongoing trainin9 and development will also lake place throughout 2024 in regional groupings, at which Community Groups and movernenls with commonalrty 9alher togelhef lo discuss issues ol strategic importance in relation to their minisiry and organisational development, with Ihe purpose of developing ministry effectiveness, community, improved sustainability, and partnership collaboralion. Sustainability SUIC will work wllh vulnerable movements on developing fundrai8ing slralegles for local fundraising. A key focus 11 be the project methodology training in order lo enable National Movements to find suitable extemal support. We will also focus more on how lo include Creallon Carè at all levels ol our work. Partnership SUIC will strengthen partnership with Churches and other mission agencies in order lo enable vulnerable movements lo benefit from global connections. Administration and Govemance SUIC wll enhance its IT tools in order lo deliver better services to the National Movements. M8mberJ' liablllty The Members of the Company guarantee lo contribute an amount not exceeding £10 to the assets of the Company in the evenl Df winding up. Page 9
SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limiled by guarantee) DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Statement of Dlrectors. responslbllltl Thè Directors (who are also the directors of the Company for the purposes of company lawl are responsible for prepanng the Directors. report and the financial slalemenls in accordance wlh applicable law and United Kingdom A¢counling Standard$ {Uniled Kingdom Generally Accepted Accounting Praclicel. Company law requires the Directors to prepare linancial slalem8nts for each financial . Under company law, the Directors musl not approve the financial Slalements unless they are satisfied that they give a true and fair view of the slate of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure. for that period. In preparing these financial statemen15, the Directors are required to.. select suitable accounting policies and Ihen appty them ¢on8i$tently', observe the methods and principles of Ihe Charilies SORP {FRS 1021., make judgments and accounting esbmales that are reasonable and prudent., slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material departures disclosed and explalned in ihe financial stalemenls. prepare Ihe financial slatemenls on the going concern basis unless it 18 inappropriate lo presume that the Company will continue in buslness. The Directors 8ro responsibl• for keèplng adequate accounting records that are sufficient to show and éxplaln the Company's transactions and disclose with reasonable accuiacy at any time the financial position of the Company and enable them to ensure Ihal the financial statements comply wth the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detects'on of fraud and other irregularities. Discloguro of infomiation to audltor8 Each of the persons who are Directors al the lime vthen this Directors, report 1$ approved has confirmed that.. 80 far as lttat D1Ctor 18 aware, there is no rekvant audit information of vknich the charity's auditors a unaware. and that Director ha8 laken all the steps that ought lo have bean taken as a Director In order to be aware of any relevant audil information and lo eglablish thal the chanly's audilors are avrare of that information. Auditors The auditors, UHY Hacker Young Fitch Limited, have indicated their willingness to continue In office. The designated DireGlors 111 propose a motion reappointing the auditor5 at a meeting of the Directors. Approved by Order ol the members ol the board of Directors on 17 August 2024 and signed on their behalf by= Dr Christian Hellwig Chairman Dr Margaret Kaniki Siwale Director Page 10
SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SCRIPTURE UNION INTERNATIONAL COUNCIL Opinion We have audited ihe financial statements of Scripture Union Intemational Council (the 'chairtable company,) for the year ended 31 December 2023 which comprlse the Statemenl of financial aclivilies, the Balance sheet, the Statement ol cash flows and the related notes, Including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounling Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicablè in the UK and Republic of Ireland, (Uniled Kingdom Gènerally Accepted Accounting Practice). In our opinion Ihe financial statements.. give a true and fair view of the State of the charitable company's affairs as at 31 December 2023 and of Ils incoming resources and appliGalion of resource5, including its income and expenditure for the year then ended. have been properly prepared in aeeordance with United Kingdom Generally Accepted A¢¢ounting Practice.. and have been prepared in ac¢ordanc8 With the requirement$ of Ihe Companies A¢1 2006. 8a•ls for oplnlon We conducted our audit in accordance Inlernatlonal Standards on Auditing (UK) (ISAS IUKII and applicablè law. Our responsibilities under those standards are further described in the Auditors, responsibllllles for the audit of the financial slalements section of our report. We are independent of the charitable company in accordance th the ethical requirements that are relevant to our audrt of the financial statements in the United Kingdom. including the Financial Reporting Council's Ethical Slandard, and we have fulfilled our other ethical responslbililies in accordance with these requirements. We believe Ihal the audit evidence we have obtalned is Sufficient and appropriate lo provide a basis lor our opinion. Conelu8lon• rdating to golng concern In auditing the financial statements, VK have concluded that the Directors. use of the golng concern basis of accountin9 in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charitable company's ability to continue as a going concern for a period of al least twelve months from when the financial slatemenls are aulhorised for issue. Our responsibililies and the respongibililies of the Dire¢lor$ with Tespect to golng concern are described in the relevant sections of this report. Oth•r Inlormatlon The other infomialion comprises the information inGluded in the Annual report other than the financial slatemenls and our Auditors, report thereon. The Directors are responsible for ihe other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except lo the extent otherwise explicilty slated in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read the other information and, in doing so. consider whether the other information is materially inconsistent wilh the financial slalemenls or our knowtsdge obtained in the course ol the audil, or otherwise appears lo be rnalerialty misslated. If we identify such material inconsistencies or apparent material misstalement5, we are required to detenine whelher this gives rise to a malerial misslalement in the financial slalements themsefves. 11, based on Ihe work we have performed, we conclude that there is a material misstatement of this other information, are required lo report that facl. We have nothing to report in this regard. Page11
SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guarantee) INDEPENDENT AUOITORS. REPORT TO THE MEMBERS OF SCRIPTURE UNION INTERNATIONAL COUNCIL ICONTINUED) Opinlon on othèr matters Pfescribed by the Compani•s Act 2006 In our opinion, based on Ihe work undertaken in the course of the audit.. the information given in the Directors, report for the financial year for which the financlal statements are prepafed is consislenl wth the financial slalements. the Directorg, report has been prepared in accordance with applicable legal requSremenls. Mart•r8 on whlch we are requirnd to report by •x¢•ption In the light of our knovledge and understanding of the charitable company and its environment obtained in the course of the audil, we have not identified material misstatements in the Directors, report. We have nolhing lo report in respect ol the following matters in relation to vthich Companies Act 2006 requires us to report to you if. in our opinion: adequate accounting records have not been kept, or relums adequate for our audit have not been reGeived from branches not visited by us,, or the finanGial statements are not in agreement wlh the accounting records and returns., or certain discbsures of Direetors, remuneration $pecified by law are not made., or we have not received all the information and explanalions we require for our audit., or the Dlreclors were not entitled lo prepare the financial 8lalements in accordanoe wilh the small companles regSme and lake advantage ol the small companies, exemptions in preparing Ihe Dlrectors, report and from the requirement lo prepare a Slralegic report. Respon8lbllltle8 of dlrectors As explained more lully in Ihe Directors. responsibilities statement, Ihe Directors (who are also the directors of the charitable company foi the purposes of company lawl are responsible for the preparation of the financial stalements and for being satisfied that they give a true and fair view. and for such internal control as the Directors determine is necessary to enable the preparation of financial statements Ihal are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Oireclors are responsible lor assessing the charitable company's ability lo continue as a going concern. disdosing. as applicable, mallers related to going concem and using the going concem basis of accounting unless the Directors either intend to liquidate the charitable company or to cease operations, or have no realistic alternatlve but to do so. Page 12
SCRIPTURE UNION INTERNATIONAL COUNCIL (A company limited by guaranlee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF SCRIPTURE UNION INTERNATIONAL COUNCIL ICONTINUEDI Auditors. responsibilities for th• audit of the financial statomonts Our objectives are lo obtain reasonable assurance about whether the financial statements as a %thole are.free from material misstatement, bknether due to fraud or erior, and to issue an Auditors, report that Includes our opinion. Reasonable assurance is a high level of assurance, bul Is not a guafantee thal an audit conducted in accordance with ISAS (UK) wll aayS delècl a material misslatemenl en il exists. Misslalemenls can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to delecl material misstatements in respect of irregularities, including fraud. The extent to 1th our procedurès are Capable of detecting irregularities, including fraud 1$ detailed below.. Our approach lo Identifying and assesslng the risks of malerlal m55Stalemenl In re¥peGt of Ifregularities, Includlng Iraud and non-compliance with laws and regulation$, was as lollows. The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills lo identify or reeognise non-compliance with applicable laws and regulations. As part of the audit in accordance with ISAS IUKI we exercised professional iud9menl and maintained professional skepticism throughout the audit. We identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience ol the sector and wt locused on speclflc laws and regulations which we considered may have a direct material effect on the financial slalemenl$ or the operations of the company. including the Companies Acl 2006 and UK Charities Act 2022, data protection, employment and health and safety legislation. We assessed the susceptibility of the company's financial statements to materlal mlsstalement, including obtaining an understanding of how fraud might occur. by making enquiries of management as lo where they considered there was susceptibility to fraud. their knowledge of actual. suspected and alleged fraud and considering the intemal controls in place lo mi119ate risks of fraud and non<ompliance wilh laws and regulations. W8 obtained an understanding of internal controls relevant lo the audit in order lo design audit procedures that were approprlale in the circumstances bul noi for Ihe purpose of expressing an opinion of the effectiveness of the Company's internal controls. To address the risk of fraud through management bias and override of controls, we performed analytical procedures lo identify any unusual or unexpected relationships,. tested journal entries lo identify unusual transactions,. evaluated the appropriateness of accounting policies used. induding managements. use of the going concern basis of accounting, and the reasonableness of accounting estsmales and related disclosures made by management,. and investigated the rationale behind significant or unusual Iransactrons. In response to the risk of irregularilie5 and non-compliance with laws and regulations, we designed Procedures which included bul were not limited to agreeing financial slalemenl disclosures lo underfying supporting documentation,. reading the minutes of meetings ol those charged with governance", and enquirin9 of management as to actual and potential litigation and claims. Because ol the inherent limilalion$ ol an audit. there is a risk that we wll not detect all irregularilies, inGluding those leading to a material misstatement in the financial statements or non4ompliance wlh regulation. This risk increases Ihe more that compliance wth a law or regulation is removed from the events and transactions reflected in the financial Statements, as we wll be les5 likely lo become aware ol Instances of non-compliance. The risk is also greater regarding irregLtlarilies occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements Is located on the Financial Reporting Councll's websrte at.. .frC.Or .ukJauditorsres OnsibltieS. This description forms part of our Auditors, port. Page 13
SCRIPTURE UNION INTERNATIONAL COUNCIL (A company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF 8CRIPTURE UNION INTERNATIONAL COUNCIL {CONTINUED Usè of our r0PQrt Thls report Is made solely to the charltable Company's dlr•ctors {who are algo the Members), as a body, In accordance wth Chapter 3 of Part 16 of the Companies Act 2006. Our audlt work has been undertaken so Ihat we might slate lo the charllable Company's directors those matters we are required lo slate lo them in an Auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable Company and ils directors, as a body, for our audil work, for this report. or for the opinions we have formed. Michael Fitch (Senior statutory auditor) lor and on behalf of UHY Hacker Young Fltch Llmlted Statutory Auditors & Chartered Accountantg Suite 2.06. Custom House Custom House Square 8elfasl 8T13ET 17 August 2024 Paga 14
SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guarantee) STATEMENT OF FINANCIALACTIVITIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 rotal funds 2022 Not• Income fr¢)m: Donalions and legacies Other income 720.059 13,369 408,033 1,128,092 13,369 966,041 3,151 Total incom8 733,428 408,033 1,141,461 969. 192 Exp•ndltur• on: Charitable aGts'vitie$ 732,169 445,898 1,178,067 I,OT2,951 Total exp8ndltur• 732,169 445,898 1,178,067 1,072,951 Net movomont In funds b•fore other recogni$•d gainslllo9so91 1,259 137,865) 136,6061 (103, 759) Other recognised galn•l{Ioss•81.' Olher (losses)Igalns (30,6141 (30,614) 7,941 Not movem8nt in funds (29,3SS} 137.865) {67,220} (95,818) Reconciliatlon of funds: Total funds brought forward Nel movement in funds 730,979 (29,3561 899,997 (37,8651 1,830,978 (67.220) 1, 728, 794 (95,818) Total funds carried forward 701,624 862,132 1,563,756 1,630,976 The Statement of financial activities includes all 9ains and losses recogniged in the year. The notes on pages 18 10 30 form part of these financial statements. Page 15
SCRIPTURE UNION INTERNATIONAL COUNCIL (A company limited by guarantee) REGISTERED NUM8ER: 03678243 BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Note Flxod ass•ts Current assets Debtors Cash al bank and in hand 10 147.036 1,440,263 159,507 1,548,328 1,587,299 I, 107,835 Creditors,, amounts falling due within one year 123,544 {76.859) Net curr•nl assets 1,563,755 1,630,9T6 Total assots less current liabilitie& 1.563.755 1,630,9T6 Nat a880ts excludlng ponslon assel 1,663,7S6 1,630,976 Total not aB8•t• 1,563,756 1,630.976 Charlty funds Restricted funds Unrestricted funds 13 862,132 899.997 Designaled funds General funds 13 13 258,97S 442,648 248. 783 482, 196 Totsl unrèstrictèd funds 13 701,623 730, 979 Totsl fund8 1,563.755 1,630,976 The Directors acknowledge their responsibilities for complying vth the requiremenls of the Act with respect to accounting records and preparation of financial statemenls. The financial slalements have been prepared in accordance wsth Ihe provSsions applicable to entities subject to the small companies regime. The financial slalemenls were approved and authoiised for issue by the Dlreclors on 17 August 2024 and signed on their behalf by.. Dr Christian Hellwig Chairman Dr Margaret Kaniki Siwale Director The notes on pages 18 to 30 form part of these financial statements. Pagè 16
SCRIPTURE UNION INTERNATIONAL COUNCIL (A company limited by guarant•èl STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Cash flows from oporating actlvltS09 Net cash us8d In operating actsvitles 1121,4341 (142,852) Cash Ilows from investlng actlvltlo8 Dividends, interests and rents from investments 13,369 3,151 Net cash provlded by Investlng acllvltles 13,369 3,1 $1 Cash flows from financing activities N•t cash provldod by flnanclng actlvltl•s Changa In cash and cash aquSvalonts Sn the year Cash and Cash equivalent$ al the beginnSng of the year {108,065) 1,548,328 1139,701) 1,688,029 Cash and cash 8quival8nts at the end of the year 1.440.263 1,548,328 The notes on pa9es 18 to 30 form part of these financial statements Page 17
SCRIPTURE UNION INTERNATIONAL COUNCIL {A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 General infomiation scriptu Union International Council is a registered charitable company limited by guarantee under company registration number 3678243. The company's registered office is situated at 13 Wareham Road, Lytchett Malravers, Poole. England, 8H16 6FA. The chantable company's main objectives are to support Ihe vKrk of Scripture Union Ihroughout the worfd in its aims of advancing the Christian faith. Accounting policies 2.1 Basls of prnparatlon of Ilnanelal statgmentg The financial statements have been prepared In accordance wtlh the Charilles SORP IFRS 1021 Accounting and Reporting by Chariliès.. Slalement of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffeclive 1 January 2019), the Financial Reporting Standard applicable in Ihe UK and Republic ol Ireland IFRS 102) and the Companies Act 2006. 2.2 Golng concom After making appropriate enquiries, the Olrectors have a reasonable expe¢latlon that the Company h89 adequate resources to Gontsnue in operational existence for the foreseeable future. For this reason, they Gontinue lo adopt the going concern basis in pfeparing the financial slalemenls. Further details regarding the adoption of the going concern basis can be found in the accounting policies. 2.3 Income All income is reeognised once the Company has enlillement lo the income, il is probable that the income will be received and the amount of income receivable can be measured reliabty. Income lax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised al the time of the donation. Page 18
SCRIPTURE UNION INTERNATIONAL COUNCIL (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policles (continued) 2.4 Expèndlture Expendlture is recognised once there is a legal or conslruclive obligation to transfer 8conomlc benefrt to a thlrd party, il is probable that a transfer of economlc benefits wlll be required in setllernenl and the amount of the obligation can be measured reliabty. Expenditure is classified by aclivily. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct c051s attributable to a single activity are allocated directly lo thal activity. Shared costs which contribute lo more than one activity and support costs lch are not attributable to a single aclivily are apportioned belween those activities on a basis consistent with the use of resources. Central slaff costs are allocated on the basi5 01 time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable acllvilies is incurred on directly undertaklng thè activities which lurther the Company's objeclives, as well as any associated support costs. Grants payable are charged In Ihe year then the offer 1$ made excepl in those cases where the offer is conditional. such gran15 being recognised as expenditure when the conditions allaching are fulfilled. Granls offered subject to conditions which have not been met at the yeaf end are noled as commitment, but not accrued as expenditure. All expenditure 18 in¢bJsive of irrecoverable VAT. 2.5 Intorost recolvablo Interest on funds held on deposit is included when r8celvable and the amount can be measured reliabty by the Company,. this 15 nomialty upon notlfication of the interest paid or payable by the insiitution with whom the funds are deposited. 2.6 Foreign curr8nci0g Monetary assets and liabilities denominated in foreign Currencies are translated into sterling al rales of exchange ruling al the reporting dale. Transactions in foreign currencies are translated into sterling al the rale ruling on the date of the Iransaclion. Exchange gains and103ses are reGognise¢J in the Statement of financial aclivilies. 2.7 Debtors Trade and other debtors are recoonlsed at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepald nel of any trade discounts due. 2.8 Cash at bank and in hand Cash al bank and in hand includes cash and short-term highly liquid investments with a short maturity ol three months or less from the date of aGquisition or opening of the deposit or similar account. Page 19
SCRIPTURE UNION INTERNATIONAL COUNCIL {A company limited by guaranleel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng policies {contlnu?d) 2.9 Liabilities and provlslons Liabilities are recognised when there is an obligation at the Balancè sheet date as a rèsult of a past event. it is probable that a transfer of economic benefit will be required in settlement, and the amount of the selllemenl can be eslimaled reliabty. Liabilities are recognised at the amount that the Company antlcipates it will pay to sellle the debl or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured al the besl estimate of the amounts required to settle the obllgallon. Whe the effect of the lime value of money is material. the provision is based on the present value of those amounts. discounted at the pre•tax discount rate that reflects Ihe risks specific lo the liability. The unwinding of the discount Is recognised in the Statement of financial activities as a finance cost. 2.10 Flnanclal Instruments The Company only ha8 financial assets and financial li8billlles of a kind that qualify a$ basic flnanclal insliumenls. Basic financial insliumenls are initialty recognised al Iransaction value and subsequently measured al their settlement value ¥Mth the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.11 P•n8iong The Company operates a defined contribution pension scheme and the penslon charge represents the amounts payable by the Company to the fund in respect of the year. 2.12 Fund accountlng General funds are unreslri¢led lunos bthi¢h are available lor use al the discretion of Ihe Directors in fuitheran¢e ol the general obleclives of the Company and which have not been designated for olhei purposes. Designated funds comprise unreslricled funds that have been sel aside by the Direclors lor particular purposes. The aim and use of each designated fund is sel out in Ihe notes lo Ihe financial statements. Restricted funds are fund8 thich afe lo be used in a¢Gordance with spe¢ffi¢ re$tri¢tion$ irnposed by donors or which have been raised by the Company for pariicular purposes. The costs of raising and administering such funds are charged again51 the specific fund. The aim and use ol each restricted fund is set out in the notes lo the financial stalements. Page 20
SCRIPTURE UNION INTERNATIONAL COUNCIL (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Income from donations and legacies Unrestrlctèd R•strlct8d funds funds 2023 2023 Total funds 2023 DonatSons Oonalions Contributions from SU Movements Team Support 220,047 456,497 43,515 408,033 628,080 456.497 43.515 Subtotal datalled dl•closuro 720,059 408.033 1,128,092 Total 2023 720,059 408,033 1,128,092 UnS1Cled funds 2022 ReStrted funds 2022 Total lunds 2022 Donatlon8 Donations Contributions from SU Movements 169,981 459,876 60,837 275,347 445, 328 459, 876 60,837 Tearn support Legacies Subtotal dotallod dis¢losur• 690,694 275,347 966,041 Total 2022 690,694 275.347 966,041 Other incoming resour¢08 . Unrestricted funds 2023 Total funds 2023 Bank interest 13,369 13,369 Page 21
SCRIPTURE UNION INTERNATIONAL COUNCIL (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2023 Olher Incomlng resources {continugd) Unrestricted funds 2022 rotal funds 2022 Bank interest 3.151 3,151 Analys1* of expendlturè on charltabl• a¢tlvltl•• Summary by fund type Unre8trlcted Rostrlcted funds fund5 2023 2023 Totsl 2023 Ministry Community Sustainability Partnership Governance 168,368 146,616 198,343 94.951 123.891 115.933 73,852 136,278 32,049 87.786 284,301 220,468 334,621 127,000 211,677 Total 2023 732,169 445,898 1,178,067 Unr8slrlcled funds 2022 R8slrKled funds 2022 Tolal 2022 Ministry Community Sustainabih'ly Partnership Governance 161,041 142,475 203,593 85,150 106,879 103,671 66.040 121,863 28,659 53.580 264,712 208,513 325,456 113.809 160,459 Total 2022 699, 138 373.813 1,072,951 Page 22
RIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED J1 DECEMBER 2023 Analy318 of expenditure by actlvltles Actlvltles undertaken direclty 2023 Grant fundlng of activities 2023 Support costs Total funds 2023 2023 MSnistry Community Suslainabibty Parlner$hip Governance 118,754 73,852 136,278 32,049 87,786 43,357 27,619 50.966 11.986 32,831 122,190 118,997 147,377 82,965 91,060 284,301 220,468 334,621 127,000 211,677 Total 2023 448,719 166,759 562,589 1,178,067 Aclivilies undertaken directly 2022 Grant funding ol 8clivi15 2022 Support cosls 2022 Total funds 2022 Minlstry Community Sustainabiknty Partnership Governance 103,671 66,040 721,863 28,659 53,580 51,292 32,675 60,294 74,180 26,510 109, 749 109,800 143,299 70,910 80,369 264,712 208,515 325,456 113,809 160,459 Total 2022 373,813 184,951 514,187 1,072,951 Auditors, romuneration 2023 2022 Fees payable to the Company's audltor lor the audll of the Company's annual accounts 4,890 4, 700 Fees payable to the Company's audltor In respecl of., All non-audit services not included above 1,632 1.906 Page 23
SCRIPTURE UNION INTERNATIONAL COUNCIL IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2023 Stsff costs 2023 2022 Wages and salarie8 Social secursty costs Contribution lo defined contribution pension scheme$ 317,446 3,221 9,406 320,291 3,322 9,012 330,073 332.625 The avera9e number of persons employed by the Company during the year was as follows.. 2023 No. 2022 No. Adminislrallon & Finance International Director, Speeialisls & Fièld Development Staff The number of employees 0$e employee benefits {excluding emFloyer pension costs) exceeded £60,000 was: 2023 No. 2022 No. In the band £60,001 - £70,000 In the band £70,001 . £80,000 During the year key rnanagement. Includin9 the Inlernatlonal Dlreclor. Teceived 3alaries lolalllng £113,23512022. £104,700} Dlr•ctors' remuntrrafjon and èxp•nses During the year, one Director received remuneration from the Company. The Company's Article5 of Association aulhorises the payment of remuneration lo the International Director, Monika Kuschmierz. Amounts are recharged from SU Germany to Scripture Union International Council relating to the International Director's salary, as well as the ieimbursemenl of travel & related costs incurred in relation lo the performanGe of her duties. The value of Directors, remuneration and other benefits was as follows.. 2023 2022 Remuneration & associated costs of employment Mr5 Monika Kuschmie 72,074 69,415 During the year ended 31 December 2023, no Director expenses have been incurred (2022 - £1,474). Page 24
SCRIPTURE UNION INTERNATIONAL COUNCIL (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2023 10. Debtors 2023 2022 Dug aft•r more than one year Other debtors 2,912 2,912 Du• withln one year Trade debtors Other debtors Prepayments and accrued incorne 50 138,375 21,082 130,297 13,826 147,036 139,507 Included in other debtors are funds of £87.653 {2022.' £92,992) relating lo deposlls held by SU Malaysia on behalf of SUIC that are restricted specifically for the activities in East West Asla. 11. Creditors: Arnounts falling due within one year 2023 2022 Trade creditors Other creditors Accruals and deferred income 17,021 70,475 52. 158 14,226 6,523 23,544 76,859 12. Flnancial Instruments 2023 2022 Financial assets Financial assets measured at fair value Ihrough income and expenditure 1,440,263 7,548,328 Financial assets measured at fair value through income and expendrture comprise cash & cash equivalents. Page 25
SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guaranteel NOTE8 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 13. Ststement of funds Statement of funds - currenl year Balanc• at 31 Gainsl Dècember (Losses) 2023 8alanc• at 1 January 2023 Incomo Expènditur• Unre$trl¢t•d funds Designated funds Discretionary Fund InlernalSonal Development Fund Tran5itlon Reserve 4,17S 13,013 {2,8211 14,367 134,608 110,000 134,608 110.000 248,783 13,013 {2,8211 268,975 General funds General Funds 482,196 720,414 1729,3481 (30,614) 442,648 Total Unrestrictod funds 730,979 733,427 1732,1691 130,614) 701,623 R•strictod lund8 Devèlopmènt Fund Revolving Fund Global Emergency Reh'ef Fur Publlshlng Mlnistry Suslaln Travel Fund Mission Grant Aclivily Staff Emergency Welfare Fund 8ible Engagemenl Consultation Strategic Needs for Supporting NM Child Protection & Safeguarding Funding West Africa Project Fund Environmental Project Fund 656,747 43,221 9,590 10,090 26,428 22,211 63,175 9,887 2,637 184,047 (146,0771 694.717 43,221 9,590 10,090 10,974 20.716 4S,297 8,831 135 12,746 572 (28,200} (2,0671 {34,6271 12,8291 (61,3711 16,749 1,773 58,869 40,739 109,988 1150,7271 20,000 .120,0001 10.000 5,272 10.000 8,561 3,289 899,997 408,033 (445,898) 862,132 Totsl of fund$ 1.630,976 1,141,460 11.178,0671 (30.614) 1.563.755 Page 26
SCRIPTURE UNION INTERNATIONAL COUNCIL IA Gompany limited by guaranleel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 13. Statement of funds Icontinuedl Stat•m•nt ol funds - prlor year Balance 81 31 December 2022 8alance at l Janijary 2022 Gains/ (Loss8s) InGom8 Expenditure Unrn8tricted fund8 O••lgnat•d fund• Discretionary Fund International Development Fund Tran$ition Reserve 4,175 4,175 134,608 110,OLYJ 134,608 110,000 244, 608 4,IT5 248, 783 Gen•ral lund8 General Fund5 483, T24 689, 669 (699,138) 7,941 482, 196 Totsl Unrestrlcted fund• 728,332 693, 844 (699,138J 7,941 730, 979 Restricted fundg Development Fund Revolving Fund Global Emergency Refief Fund Publishing Ministry Suslain Travel Fund Mission Grant Acliwty Staff Emergency Wevare Fund Bible Engagement Consuliallon Stralegic Needs lor Supp(Kting NM 670,757 58,231 14,547 70,090 39,404 14,903 57,854 10,729 137 186,041 (200.051) {15.010) (5. 661) 656, 747 43.221 9,590 10,090 26.428 22.211 63,175 9,887 2.637 704 10,806 7,308 16,163 1,652 2,500 (23, 782) (10,842) (2.494) 111,710 25,000 {95.971) 40, 739 Child Protection & Safeguarding Funding Wesl Africa Project Fund Enviranmental Project Fund 20,000 (20,000) 10,000 99 10,000 5,272 5,173 998,461 275,347 (373,811) 899,997 Page 27
SCRIPTURE UNION INTERNATIONAL COUNCIL {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 13. Statement of funds Icontinuedl Total of funds 7, 726, 793 969, 191 (1,072, 949) 7,941 1,630,976 14. Surnmary of funds Summary of funds • curr•nt y•ar Balance al 31 Galn81 Docember ILosse8} 2023 Balan¢e at 1 January 2023 Income Expgndituro Designated funds General fund$ Restricted funds 248,783 482,196 899,997 13,013 720,414 408,033 12,821) 1729,348) 1445,8981 258,975 442,648 862,132 (30,6141 1,630.976 1,141.460 11,178,067) 130,614} 1,563,755 Summary of fund8- prlor yèar 88lanGe at 31 D&ceinber 2022 Balance at l January 2022 Gains/ (Losses) Income Expendilu De5i9naled funds General funds Restricted fiJnds 244,608 483, 724 998,461 4,175 689, 669 275,347 248, 783 482, 196 899,997 (699, 138J (373,81 lj 1,941 1, 726, 793 969.191 (1,072,949) 7,941 1,630,976 15. Analysis of net assets botween funds Analy818 ol net assot8 betweon lund$ - eurrant yèar Unre8trictod Restrict•d funds funds 2023 2023 Total funds 2023 Current assets Creditors due V4ithin one year 725,167 (23.544) 862,132 1,587,299 (23,544) Total 701,623 862,132 1,563,755 Page 28
SCRIPTURE UNION INTERNATIONAL COUNCIL (A company Ilmlted by guarantee) NOTES TO THE FINANCiAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 15. Analysi5 of net assets botween funds (continuedl Analysis of not assets betwèen funds - prlor year Unrestricted funds 2022 Réstrictéd lunds 2022 Total funds 2022 Current assets Creditors due wthin one year 807,839 (76,859) 899.997 1.707.836 (76.859) Total 730, 980 899.997 7.630.977 16. R•coneiliation of net movam•nt In fund8 to not ¢ash flow from operatlng actlvltlos 2023 2022 Net expenditure for the year las per Statement of Financlal Activiliesl (36,6061 (103. 759) AdJustmenl8 for: Oividends, interests and rents from inve9tments Oecreasellincrea581 in debtors Oecrease in creditors Foreign exchange difference (13,369) 12,471 {63,316) <30,6141 (3, 151) (27,826) (3, 101) (5,015) Nét eash used in opérating activities 1121,4341 (142,852) 17. Analysis of cash and cash 9guivalentS 2023 2022 Cash in hand 1,440,263 1,548,328 Totsl cash and Cash •qulval•nts 1,440,263 1,548,328 Page 29
SCRIPTURE UNION INTERNATIONAL COUNCIL IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysi9 of changes in net debt A11 January 2023 Cash flowg At31 D•camber 2023 Cash al bank and in hand 1,548,328 1108,0651 1,440,263 1.548.328 1108.0651 1,440.263 19. Pension commitments The company operates a defined Conlribulion pension scheme. The assels of the scheme are held Separately from those of Ihe company in an independently administered fvnd. The pension c051 charge represents contributions payable by Ihe company lo the lund and amounted to £9.406 12022.. £9,012). There were no amounts payable and included in Creditors at the balance Sheet dote. 20. Members. bability Each member of the charitable company undertakes to contribute to the assels of the company in the event of it being wound up while helshe is a member, or wthin one year after helshe ceases lo be a member, such amount as may be required, not exceeding £10 lor the debts and liabililies contracted before helshe ceases lo be a member. 21. Rtlat•d party tran•action• Tran$a¢lions 1th SU Movements have nol been treated a8 re181ed parties. The charitable company has not entered into any othef relaled party Ifansactions during the year, nor are there any outslandin9 balances owing betwen related parties al the balance sheet date. 22. PAASE disclosure In common with many other charitable company's of our size and nature, we use our audltors to assist wlth the preparation of financlal slalements. 23. Controlllng party The charllable company Is controlled by the Board of Directors. Page 30