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← Scripture Union International Council

2024-12-31-accounts

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 2024

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Company, its Directors and advisers 1
Directors' report 2 - 11
Independent auditors' report on the financial statements 12 - 15
Statement of financial activities 16
Balance sheet 17
Statement of cash flows 18
Notes to the financial statements 19 - 33

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS DIRECTORS AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024

Directors Dr Samuel Kofi Afrane
Dr Ramon Wayne Baker
Dr Christian Hellwig, Chairman
Mrs Monika Kuschmierz, Chief Executive
Dr Enrique Martinez Reina (resigned 6 March 2024)
Mr Jose Joshua Ortiz Gonzales (appointed 6 March 2024)
Dr Margaret Kaniki Siwale
Mr Andrew McKenzie
Mr Derek Mark Heasman
Ms Shirley Maotsai Wang
Company registered
number
03678243
Charity registered
number
1072964
Registered office
Lytchett House, 13 Freeland Park
Wareham Road
Poole
Dorset
BH16 6FA
Independent auditors
UHY Hacker Young Fitch Limited
Statutory Auditors & Chartered Accountants
Suite 2.06, Custom House
Custom House Square
Belfast
BT1 3ET
Bankers
CAF Bank
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4TA
HSBC
186 Broadway
Didcot
Oxon
OX11 8RP
Spar- und Kreditbank eG
Postfach 4085
58426 Witten
Germany
Solicitors
Pothecary Witham Weld
70 St. George's Square
London
SW1V 3RD

Page 1

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

DIRECTORS' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The Directors (who are also Trustees of the charitable company) present their annual report together with the audited financial statements of the Scripture Union International Council for the 1 January 2024 to 31 December 2024. The Annual report serves the purposes of both a Directors' report and a directors' report under company law. The Directors confirm that the Annual report and financial statements of the charitable company comply with 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 2019).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Structure, governance and management

a. Constitution

Scripture Union International Council (SUIC) is registered as a charitable company limited by guarantee under company registration number 3678243 and was set up by a Memorandum of Association on 3rd December 1998.

SUIC is also registered as a charity with the Charities Commission for England & Wales under registration number 1072964.

b. Methods of appointment or election of Directors

The management of the Company is the responsibility of the Directors who are elected and co-opted under the terms of the Memorandum of Association.

The Directors and trustees for the purposes of charity law form a Global Board, having been appointed by the General Assembly.

Members of the General Assembly comprise:

The names of the Global Board are listed on the legal and administrative information page. The Global Board manage the affairs of the General Assembly but must refer all matters of major policy to the members of the General Assembly, which will meet every year either in person or via an electronic meeting.

Page 2

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Structure, governance and management (continued)

c. Policies adopted for the induction and training of Directors

New Directors undergo an orientation to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee and decision-making processes, the strategic plan and recent financial performance of SUIC. During the induction they meet key employees and other Directors. Directors are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

In 2024 SUIC held a Global Gathering which included a face-to-face General Assembly. The SUIC Directors connected with the National Directors and Chairs in person and had the opportunity to gain a deeper understanding of the issues faced in providing ministry in different countries.

d. Related party relationships

Transactions with SU Movements have not been treated as related parties. The Company has not entered into any other related party transactions during the year, nor are there any outstanding balances owing between related parties at the balance sheet date.

Objectives and activities

a. Policies and objectives

SUIC’s objects are to support the work of Scripture Union throughout the world in its aims of advancing the Christian faith by:

so that they may come to personal faith 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 vision, SUIC is walking alongside National Movements, inspiring and equipping effective ministry, and creating a Kingdom-minded community.

b. The Scripture Union Movement

Scripture Union worldwide comprises national and other movements - currently 134 in 120 countries each with its own governing Council or Committee. Each movement is autonomous in its own right but has adopted the Statement of Aims, Belief and Working Principles set out in the Articles of Association of the Scripture Union International Council.

c. Grant-making policies

Grants are made by SUIC to Scripture Union National Movements in order to further their work and in accordance with the objects of the charitable company.

Page 3

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Objectives and activities (continued)

d. Main activities undertaken to further the Company's purposes for the public benefit

The directors are aware of the Charity’s Commission’s general guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. This is taken into consideration when reviewing SUIC’s aims and objectives in planning future activities.

e. Strategic Framework

With respect to strategic planning, the directors have decided to organize the work of SUIC within four focus areas. In summary, these cover the areas of Ministry: excellent ministry; Community: fostering cross community collaboration between National Movements; Partnership: developing trusted partnerships with like-minded agencies, and; Sustainability: promoting sustainability initiatives. Administration and Governance are supporting the focus areas.

Achievements and performance

Page 4

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Achievements and performance (continued)

a. Review of activities

The following paragraphs provide a summary of the charity’s principal activities during 2024:

Policy and Oversight

In March 2024, the Board met face to face a day in advance of the Global Gathering in Malaysia to discuss urgent matters and prepare for the General Assembly. Then they had the opportunity to engage with National Directors, National Chairs, and the Global Team. This enhanced the Board´s understanding of the ministry in the different countries. It was also useful for the Board to meet Global Team members and get a good picture of the support SUIC offers to the National Movements.

In September 2024 the Board met for three consecutive days, and in June and November 2024 the Board held half-day electronic meetings. During these meetings, the Global Board received reports on the work of the Global Team and particular National Movement situations and reviewed a wide range of strategic and governance issues.

At the General Assembly in March 2024, Joshua Ortiz from Honduras was elected to be a Board member, replacing Dr. Enrique Martinez, who finished his term at the same time.

Various new policies were discussed and approved by the Board including an Anti-Money-Laundering Policy and an updated Policy on Distributing Restricted Funds; other policies were reviewed. A number of Board working groups were set up to prepare for strategic Board conversations around current theological questions, and for the potential development of a separate business entity.

Strategic Development

2024 is the third and last year of the current strategic plan, and the Global Team was very intentional in bringing it to a successful closure. The International Director held frequent virtual meetings with the Global Team to work on implementing the strategic priority areas agreed by the Global Board, and for peer-learning and peer-support. Individual meetings with staff members, ministry partners and supporters were held virtually in addition to extensive communication by email to follow up on the strategic goals and focus areas.

The International Director met with Global Team members, National Movement leaders, partners, and key donors in: Britain, USA, Switzerland, Germany, Brazil, South Africa, Malaysia, Indonesia, Uganda, Australia, Northern Ireland, and Korea as well as online.

Ministry

The three-year Child Protection Training project was finalized in 2024. The Ministry Team packaged the training tools and updated them so that National Movements can keep using them for their own local training sessions. SUIC will from now on deliver training on an ongoing, regular basis once a year. A global, virtual Community of Practice for child protection representatives has been installed and encourages the sharing of best practice for local National Movements.

An outcome of the training is that many local SU movements are now supporting and training local churches on child protection. Also, SUIC´s experience in training about 100 different countries has led to SUIC´s wider engagement in a newly formed Global Child Protection network of expert agencies in the field that will focus on raising awareness on child protection issues within churches and Christian agencies globally.

The global Bible Engagement Initiative focused on additional parts of the world: Two writers’ workshops were facilitated by Scripture Union International, one in Peru for Latin American countries, the other in France for European countries. The workshops brought together skilled writers from various SU movements to develop new and engaging Bible-based resources that respond to current issues and needs in the respective countries. During each week, participants started writing culturally relevant resources that were finalized in collaborative online workshops, before being tested in practice with children or young people. Finally they were show-cased at SUI’s so-called “Marketplace” events. These regular online meetings are open to all staff members from around the world and offer information on the newest resources that are available for local adaptation and translation.

Page 5

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Achievements and performance (continued)

Twelve new resources were developed, some of them engaging children and young people digitally.

SUIC´s global team members facilitated the development of a new printed Bible guide for children, supported the writers and helped with the editing process of “Timelanders”, which is a three year curriculum for children aged 8-11. This new Bible guide includes some Augmented Reality (AR) and other hybrid elements, bringing the Bible stories to life. What started as a collaboration of Western English speaking SU movements, is now available to the global Scripture Union community for translation and adaption.

The Global Gathering in March 2024 was a big highlight for the global community that brought around 350 leaders of the global Scripture Union movements together for a time of learning, sharing, worshipping and discerning the future priorities for SUIC. The theme of the gathering was “Bridging the Gap” and referred to the gaps between a) the Christian and the non-Christian world, b) the younger and older generations, and c) the rich and the poor. Keynote speakers, worship times, Bible studies and collaborative networks allowed for deep conversations that were annotated for the Global Team to later process and consider for the development of the next strategic plan.

A key priority for Scripture Union International is the development of young leaders. Fifty so-called “Young Ambassadors” from around the world who are connected to their local SU Councils either as staff or key volunteers, were invited to the Global Gathering. In the lead-up they received online training and took part in small group work. One of the key purposes was to invite them to speak into the conversations of the global community. Six excellent presentations were given by the Young Ambassadors. They focused on what they considered as relevant for the future of Scripture Union globally, and their suggestions will also be included in the next strategic plan.

The SUIC Board and Global Team members offered the Young Ambassadors a follow-up mentoring program for a year which is still ongoing until September 2025.

Including the Young Ambassadors in the Global Gathering and giving them a voice has been very successful and inspiring.

The Global Gathering was also an important opportunity for two other global SU networks to form – a digital network that brings together National Movements who want to share best practice in digital ministry, and a network for female leaders. Both networks are continuing their collaboration virtually.

The Ministry Specialists continued to engage with global partners in the areas of sports ministry, family ministry and general childrens and youth ministry and were available for training needs that National Councils or Community Groups requested.

Community

In order to save resources, all 2024 Community Group meetings took place in connection with the Global Gathering. Team and Board members joined the various group meetings to connect with key leaders, to understand the needs of the National Movements, present resources that have been developed by the Global Team, and to discuss future plans.

Ministry related webinars, and also Community Group related virtual events, brought together leaders, staff and volunteers from many National Movements for collaboration and sharing. The Field Development Directors created the space for Directors to learn from their peers, pray for each other and support each other in practical ways such as sharing resources or helping less equipped movements with material support.

The Global Week of Prayer in November connected National Councils and the Global Team and Board for online prayer and Bible reading.

Two monthly publications, “Global Prayers” and “Global Stories”, are produced on a regular basis to connect National Councils in prayer and inform the interested public about the work being undertaken.

Sustainability

The Field Development Directors worked with National Movements to help them set strategic goals and develop their ministry capacity and sustainability. A lot of work was directed toward developing good governance. The

Page 6

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Achievements and performance (continued)

Field Development Directors supported National Boards in the process of their succession planning.

The International Director, in consultation with key staff in different parts of the world, identified worthwhile projects worldwide and made them known to potential donors. Gifts were given for these projects from individual donors, trusts or National Councils both to SUIC and directly to the relevant National Councils. Only gifts received by the SU International Council are reflected in its financial statements. These gifts were placed in Restricted Reserves and grants were then made at the appropriate times to the relevant recipients in accordance with the donors’ instructions.

The SUIC Project Management Trainer together with other team members offered various trainings to help National Councils implement a project management methodology. Besides supporting individual movements, group trainings have been instigated. In August, a second cohort of leaders from various Southern African countries came together in South Africa for a one week training on Project Management. The group committed to ongoing online training, reading assignments and practical tasks and has now been working together for more than six months, supporting each other in developing well-thought through projects.

A new initiative was successfully tested in Uganda in November. Responding to the needs in Africa - where youth unemployment is extremely high - one outcome of the Resource Writer's Workshops (part of the Bible Engagement Initiative) was a Biblical program for young entrepreneurs to explore their God given gifts and to create businesses together. The training course was presented to 50 young people from Uganda, Kenya, Tanzania, and Burundi. The response was mind-blowing – the young people went home to start small Bible and business groups, and even within a couple of weeks after the training, some had already put into practice what they had learned.

SUIC is now planning to scale the program. It will be part of the next strategic plan that is due to be presented to the global SU community in July 2025.

Partnership

SUIC has a policy of developing trusted partnerships with other like-minded agencies and has identified this as one of its strategic action areas.

The International Director connected with various strategic global ministry partners either at their global gatherings or at online meetings, including NxtMove, International Fellowship of Evangelical Students (IFES), Grain of Wheat, United Bible Societies (UBS), Christian Camping International (CCI), and the Lausanne Movement, to name but a few. New connections were made, and cooperation opportunities explored. The ultimate goal for SUI´s global partnerships is for the benefit for the National Councils.

In April 2024 the International Director was elected to be the Chairperson for the Forum of Bible Agencies International (FOBAI).

Administration/Governance (incl. Communications)

The International Director worked with the UK team to further improve finance and administration systems. The IT systems are constantly being improved; however, it has become clear that over the next few years some investment needs to go into the IT systems as the team has identified a need for a Learning Management System for the various online courses.

SUIC continued to develop its social media presence and kept communication going via monthly newsletters, sharing information and stories of the work from around the world.

The Global Board has responsibility for reviewing salary policy and salary structures. Proposed changes are recommended by the International Director to 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 7

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Achievements and performance (continued)

b. Plans for future periods

The charitable company plans to continue the activities outlined above in the forthcoming years subject to satisfactory funding arrangements. In July 2025 the new strategic plan will be presented. The focus areas will still stay the same:

Ministry

The Global Team will support the National Movements in making their ministries more effective to reach children and young people with the good news of Jesus and help them grow to be lifelong followers of Jesus. SUIC will do this by

Community

SUIC connects National Movements to be a supportive, interdependent community, strengthening one another in SU’s shared life and mission. SUIC is doing this by

Sustainability

SUIC supports the National Movements in achieving sustainability, thus unlocking resources for further development of SU globally. SUIC will do this by

Partnership

SUIC will act as a trusted partner and nurture relationships with international Christian agencies, funding bodies and churches, fostering partnerships and connections with National Movements, thus being the voice of National Movements, especially those with a weaker voice. SUIC will do this by

Administration and Governance

SUIC will deliver excellent governance and management as well as sufficient resources to fulfil her global mission in a transparent, effective, and ethical manner.

Page 8

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Financial review

a. Going concern

After making appropriate enquiries, the Directors have a reasonable expectation 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 concern basis can be found in the accounting policies.

b. Reserves policy

The Directors have established a policy to hold a level of general unrestricted reserves (excluding designated funds) at a balance in the range 25% 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 normally associated with employee redundancy provisions. This is reviewed on an annual basis.

The level of general unrestricted reserves at 31 December 2024 was £401,602 (2023: £442,648), which equates to around 44% of total general expenditure for 2024. The level of reserves is therefore deemed satisfactory.

In certain circumstances donors may express a form of non-binding preference as to the use of their donations that falls short of imposing formal restrictions. SUI includes such funds as part of its unrestricted funds, but to respect these donors’ wishes, the Global Board may decide to designate funds in order to meet particular objectives reflecting the preferences expressed by the donors. The specific purposes for which funds are designated are approved by the Global Board, and monies so designated are set aside specifically for the purpose for which they are designated and no other purpose. The funds are spent within a reasonable time from receipt. All expenditure is subject to approval, in advance, of the International Director, and where it is material, by the Treasurer. In addition to a reasonable allocation of staff costs, other costs directly associated with supporting the activity may be charged provided these are fully evidenced and documented.

Unrestricted funds that have been designated for specific purposes are set out in note 13, which are:

If a number of designated funds become redundant as the restructure progresses, they would be transferred back to General Funds at the year-end. The level of designated reserves at 31 December 2024 was £264,345 (2023: £258,975).

c. Investments policy

The directors maintain a policy of balancing returns on funds invested and an acceptable level of risk. In 2024 the directors reviewed their global banking arrangements. Further adjustments will be made in 2025 and monitored on an ongoing basis.

d. Principal risks and uncertainties

The Directors have identified the severity of the risks to which the charity is potentially exposed. They have also considered the likelihood of those risks. Steps taken to mitigate those risks have been assessed in light of both the severity and likelihood of each risk. Risks have been summarised into appropriate categories covering the principal areas of governance, operational, financial, external, and regulatory risk.

The Global Board risk register is reviewed twice a year and mitigating actions agreed upon.

Page 9

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

e. Finance

Unrestricted incoming resources for the year amounted to £894,075 (2023: £733,428) of which £464,417 (2023: £456,497) came from National and Regional Councils. The International Council invites voluntary contributions from the various movement Councils to finance its activities in line with the scale of their operations in proportion to the worldwide activities of the movement. These are taken up as income at the time of the commitment from the national movement.

Unrestricted and designated expenditure for the year amounted to £909,925 (2023: £732,169) mainly for salaries, related costs and travel. This also includes grants of £147,139 (2023: £166,759) which were made to National Councils.

Restricted incoming resources amounted to £470,952 (2023: £408,033) and restricted expenditure £514,002 (2023: £445,898).

Total fund balances at 31 December 2024 were £1,485,111 (2023: £1,563,756); unrestricted general funds standing at £401,602 (2023: £442,648), unrestricted designated funds at £264,345 (2023: £258,975) and restricted funds at £819,164 (2023: £862,133).

Members' liability

The Members of the Company guarantee to contribute an amount not exceeding £10 to the assets of the Company in the event of winding up.

Statement of Directors' responsibilities

The Directors (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Directors to prepare financial statements for each financial . Under company law, the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state 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 statements, the Directors are required to:

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with 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 detection of fraud and other irregularities.

Page 10

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Disclosure of information to auditors

Each of the persons who are Directors at the time when this Directors' report is approved has confirmed that:

Auditors

The auditors, UHY Hacker Young Fitch Limited, have indicated their willingness to continue in office. The designated Directors will propose a motion reappointing the auditors at a meeting of the Directors.

Approved by order of the members of the board of Directors on 13 June 2025 and signed on their behalf by:

................................................ ................................................ Dr Christian Hellwig Dr Margaret Kaniki Siwale Chairman Director

Page 11

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SCRIPTURE UNION INTERNATIONAL COUNCIL

Opinion

We have audited the financial statements of Scripture Union International Council (the 'charitable company') for the year ended 31 December 2024 which comprise the Statement of financial activities, the Balance sheet, the Statement of 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 Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Directors are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SCRIPTURE UNION INTERNATIONAL COUNCIL (CONTINUED)

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement, the Directors (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Directors are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 13

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SCRIPTURE UNION INTERNATIONAL COUNCIL (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in 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 detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows.

The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations. As part of the audit in accordance with ISAs (UK) we exercised professional judgment 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 of the sector and we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006 and Charities Act 2022.

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. We obtained an understanding of internal controls relevant to the audit in order to design audit procedures that were appropriate in the circumstances but not for the 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 to identify any unusual or unexpected relationships; tested journal entries to identify unusual transactions; evaluated the appropriateness of accounting policies used, including managements’ use of the going concern basis of accounting, and the reasonableness of accounting estimates and related disclosures made by management; and investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included but were not limited to agreeing financial statement disclosures to underlying supporting documentation; reading the minutes of meetings of those charged with governance; and enquiring of management as to actual and potential litigation and claims.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities 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 Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Page 14

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SCRIPTURE UNION INTERNATIONAL COUNCIL (CONTINUED)

Use of our report

This report is made solely to the charitable Company's directors (who are also the Members), as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable Company's directors those matters we are required to state to 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 its directors, as a body, for our audit work, for this report, or for the opinions we have formed.

Michael Fitch (Senior statutory auditor)

for and on behalf of

UHY Hacker Young Fitch Limited

Statutory Auditors & Chartered Accountants Suite 2.06, Custom House Custom House Square Belfast BT1 3ET

13 June 2025

Page 15

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024

Note
Income from:
Donations and legacies
3
Other income
4
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net expenditure
Transfers between funds
13
Net movement in funds before other
recognised gains/(losses)
Other recognised gains/(losses):
Other losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2024
£
877,593
16,482
894,075
909,925
909,925
(15,850)
(81)
(15,931)
(19,746)
(35,677)
701,623
(35,677)
665,946		 Restricted
funds
2024
£
470,952
-
470,952
514,002
514,002
(43,050)
81
(42,969)
-
(42,969)
862,133
(42,969)
819,164		 Total
funds
2024
£
1,348,545
16,482
1,365,027
1,423,927
1,423,927
(58,900)
-
(58,900)
(19,746)
(78,646)
1,563,756
(78,646)
1,485,110		 Total
funds
2023
£
1,128,092
13,369
1,141,461
1,178,067
1,178,067
(36,606)
-
(36,606)
(30,614)
(67,220)
1,630,976
(67,220)
1,563,756

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 19 to 33 form part of these financial statements.

Page 16

SCRIPTURE UNION INTERNATIONAL COUNCIL (A company limited by guarantee) REGISTERED NUMBER: 03678243

BALANCE SHEET AS AT 31 DECEMBER 2024

BALANCE SHEET
AS AT 31 DECEMBER 2024
2024 2023
Note £ £
Fixed assets
- -
Current assets
Debtors 10 257,332 147,036
Cash at bank and in hand 1,270,304 1,440,263
1,527,636 1,587,299
Creditors: amounts falling due within one
year 11 (42,525) (23,543)
Net current assets 1,485,111 1,563,756
Total assets less current liabilities 1,485,111 1,563,756
Net assets excluding pension asset 1,485,111 1,563,756
Total net assets 1,485,111 1,563,756
Charity funds
Restricted funds 13 819,164 862,133
Unrestricted funds
Designated funds 13 264,345 258,975
General funds 13 401,602 442,648
Total unrestricted funds 13 665,947 701,623
Total funds 1,485,111 1,563,756

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Directors on 13 June 2025 and signed on their behalf by:

................................................ ................................................
Dr Christian Hellwig Dr Margaret Kaniki Siwale
Chairman Director

The notes on pages 19 to 33 form part of these financial statements.

Page 17

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Dividends, interests and rents from investments
Net cash provided by investing activities
Cash flows from financing activities
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
Cash and cash equivalents at the end of the year
The notes on pages 19 to 33 form part of these financial statements		 2024
£
(205,243)
16,482
16,482
-
(188,761)
1,440,263
1,251,502		 2023
£
(121,434)
13,369
13,369
-
(108,065)
1,548,328
1,440,263

Page 18

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. General information

Scripture 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 Matravers, Poole, England, BH16 6FA.

The charitable company's main objectives are to support the work of Scripture Union throughout the world in its aims of advancing the Christian faith.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

2.2 Going concern

After making appropriate enquiries, the Directors have a reasonable expectation 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 concern basis can be found in the accounting policies.

2.3 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Page 19

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. 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 costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

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

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the reporting date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the Statement of financial activities.

2.7 Debtors

Accounts receivables and other debtors are recognised at the settlement amount after any discount offered. Prepayments are valued at the amount prepaid net of any discounts due.

2.8 Cash at bank and in hand

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

Page 20

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.10 Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.11 Pensions

The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Directors in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Directors for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page 21

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

3. Income from donations and legacies

Unrestricted
funds
2024
£
Donations
Donations
344,300
Contributions from SU Movements
464,417
Team Support
68,876
Subtotal detailed disclosure
877,593
Total 2024
877,593
Unrestricted
funds
2023
£
Donations
Donations
220,047
Contributions from SU Movements
456,497
Team support
43,515
Subtotal detailed disclosure
720,059
Total 2023
720,059		 Restricted
funds
2024
£
470,952
-
-
470,952
470,952
Restricted
funds
2023
£
408,033
-
-
408,033
408,033		 Total
funds
2024
£
815,252
464,417
68,876
1,348,545
1,348,545
Total
funds
2023
£
628,080
456,497
43,515
1,128,092
1,128,092

Page 22

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

4. Other incoming resources

Bank interest
Bank interest		 Unrestricted
funds
2024
£
16,482
Unrestricted
funds
2023
£
13,369		 Total
funds
2024
£
16,482
Total
funds
2023
£
13,369

5. Analysis of expenditure on charitable activities Summary by fund type

Unrestricted
funds
2024
£
Ministry
195,128
Community
185,815
Sustainability
252,685
Partnership
127,166
Governance
149,131
Total 2024
909,925		 Restricted
funds
2024
£
121,989
89,094
186,411
42,834
73,674
514,002		 Total
2024
£
317,117
274,909
439,096
170,000
222,805
1,423,927

Page 23

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

5. Analysis of expenditure on charitable activities (continued)

Summary by fund type (continued)

Ministry
Community
Sustainability
Partnership
Governance
Total 2023		 Unrestricted
funds
2023
£
168,368
146,616
198,343
94,951
123,891
732,169		 Restricted
funds
2023
£
115,933
73,852
136,278
32,049
87,786
445,898		 Total
2023
£
284,301
220,468
334,621
127,000
211,677
1,178,067

6. Analysis of expenditure by activities

Ministry
Community
Sustainability
Partnership
Governance
Total 2024		 Activities
undertaken
directly
2024
£
123,459
89,094
186,411
42,834
73,674
515,472		 Grant
funding of
activities
2024
£
34,921
25,504
53,362
12,262
21,090
147,139		 Support
costs
2024
£
158,738
160,311
199,323
114,904
128,041
761,317		 Total
funds
2024
£
317,118
274,909
439,096
170,000
222,805
1,423,927

Page 24

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

6. Analysis of expenditure by activities (continued)

Ministry
Community
Sustainability
Partnership
Governance
Total 2023		 Activities
undertaken
directly
2023
£
118,754
73,852
136,278
32,049
87,786
448,719		 Grant
funding of
activities
2023
£
43,357
27,619
50,966
11,986
32,831
166,759		 Support
costs
2023
£
122,190
118,997
147,377
82,965
91,060
562,589		 Total
funds
2023
£
284,301
220,468
334,621
127,000
211,677
1,178,067
7. Auditors' remuneration
2024 2023
£ £
Fees payable to the Company's auditor for the audit of the Company's
annual accounts 5,080 4,890
Fees payable to the Company's auditor in respect of:
All non-audit services not included above 1,700 1,632

8. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2024
£
363,050
3,528
9,653
376,231		 2023
£
317,446
3,221
9,406
330,073

The average number of persons employed by the Company during the year was as follows:

Administration & Finance
International Director, Specialists & Field Development Staff		 2024
No.
3
5
8		 2023
No.
3
5
8

Page 25

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

8. Staff costs (continued)

The number of employees whose employee benefits (including employer pension costs) exceeded £60,000 was:

2024 2023
No. No.
In the band £60,001 - £70,000 1 1

During the year key management, including the International Director, received salaries totalling £111,846 (2023: £108,494)

9. Directors' remuneration and expenses

During the year, one Director received remuneration from the Company. The Company's Articles of Association authorises the payment of remuneration to 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 reimbursement of travel & related costs incurred in relation to the performance of her duties. The value of Directors' remuneration and other benefits was as follows:

2024 2023
£ £
Remuneration & associated
employer social security and
Mrs Monika Kuschmierz other costs of employment 72,118 72,074

During the year ended 31 December 2024, expenses for travel and related costs totalling £ 11,209 were reimbursed or paid directly to Directors (2023: £14,274).

10. Debtors

Due after more than one year
Other debtors
Due within one year
Accounts receivable
Other debtors
Prepayments and accrued income		 2024
£
-
-
99,665
146,670
10,997
257,332		 2023
£
2,912
2,912
-
130,297
13,826
147,035

Included in other debtors are funds of £93,266 (2023: £87,653) relating to deposits held by SU Malaysia on behalf of SUIC that are restricted specifically for the activities in East West Asia.

Page 26

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

11. Creditors: Amounts falling due within one year

Accounts payable
Other creditors
Accruals and deferred income
12.
Financial instruments
Financial assets
Financial assets measured at fair value through income and expenditure		 2024
£
13,832
6,135
22,558
42,525
2024
£
1,270,304		 2023
£
17,021
-
6,522
23,543
2023
£
1,440,263

Financial assets measured at fair value through income and expenditure comprise cash & cash equivalents.

Page 27

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

13. Statement of funds

Statement of funds - current year

Unrestricted
funds
Designated
funds
Discretionary
Fund
International
Development
Fund
Transition
Reserve
General funds
General Funds
Total
Unrestricted
funds
Restricted
funds
Development
Fund
Revolving Fund
Global
Emergency
Relief Fund
Publishing
Ministry
Sustain
Travel Fund
Mission Grant
Activity
Staff Emergency
Welfare Fund		 Balance at 1
January
2024
£
14,367
134,608
110,000
258,975
442,648
701,623
694,717
43,221
9,590
10,090
10,974
20,716
45,297
8,831		 Income
£
6,840
-
-
6,840
887,236
894,076
169,436
389
-
-
5,029
-
22,373
1,559		 Expenditure
£
(1,470)
-
-
(1,470)
(908,455)
(909,925)
(226,826)
-
(1,906)
-
(4,001)
-
(23,266)
(1,788)		 Transfers
in/out
£
-
-
-
-
(81)
(81)
-
-
-
-
-
-
-
-		 Gains/
(Losses)
£
-
-
-
-
(19,746)
(19,746)
-
-
-
-
-
-
-
-		 Balance at
31
December
2024
£
19,737
134,608
110,000
264,345
401,602
665,947
637,327
43,610
7,684
10,090
12,002
20,716
44,404
8,602

Page 28

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

13. Statement of funds (continued)

Statement of funds - current year (continued)

Balance at
Balance at 1 31
January Transfers Gains/ December
2024 Income Expenditure in/out (Losses) 2024
£ £ £ £ £ £
Bible
Engagement
Consultation 136 - - - - 136
Strategic Needs
for Supporting
NM - 187,263 (187,344) 81 - -
West Africa
Project Fund 10,000 - - - - 10,000
Environmental
Project Fund 8,561 - - - - 8,561
Timelanders - 47,403 (41,371) - - 6,032
General Project
Fund (SUEW) - 37,500 (27,500) - - 10,000
862,133 470,952 (514,002) 81 - 819,164
Total of funds 1,563,756 1,365,028 (1,423,927) - (19,746) 1,485,111
Statement of funds - prior year
Balance at
Balance at 31
1 January Gains/ December
2023 Income Expenditure (Losses) 2023
£ £ £ £ £
Unrestricted funds
Designated funds
Discretionary Fund 4,175 13,013 (2,821) - 14,367
International Development
Fund 134,608 - - - 134,608
Transition Reserve 110,000 - - - 110,000
248,783 13,013 (2,821) - 258,975
General funds
General Funds 482,196 720,414 (729,348) (30,614) 442,648

Page 29

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

13. Statement of funds (continued)

Statement of funds - prior year (continued)

Total Unrestricted funds
Restricted funds
Development Fund
Revolving Fund
Global Emergency Relief Fund
Publishing Ministry
Sustain
Travel Fund
Mission Grant Activity
Staff Emergency Welfare Fund
Bible Engagement Consultation
Strategic Needs for Supporting
NM
Child Protection &
Safeguarding Funding
West Africa Project Fund
Environmental Project Fund
Total of funds		 Balance at
1 January
2023
£
730,979
656,747
43,221
9,590
10,090
26,428
22,211
63,175
9,887
2,638
40,739
-
10,000
5,272
899,998
1,630,977		 Income
£
733,427
184,047
-
-
-
12,746
572
16,749
1,773
58,869
109,988
20,000
-
3,289
408,033
1,141,460		 Expenditure
£
(732,169)
(146,077)
-
-
-
(28,200)
(2,067)
(34,627)
(2,829)
(61,371)
(150,727)
(20,000)
-
-
(445,898)
(1,178,067)		 Gains/
(Losses)
£
(30,614)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(30,614)		 Balance at
31
December
2023
£
701,623
694,717
43,221
9,590
10,090
10,974
20,716
45,297
8,831
136
-
-
10,000
8,561
862,133
1,563,756

Page 30

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

14. Summary of funds

Summary of funds - current year

Balance at 1
January
2024
£
Income
£
Expenditure
£
Transfers
in/out
£
Designated
funds
258,975
6,840
(1,470)
-
General funds
442,648
887,236
(908,455)
(81)
Restricted funds
862,133
470,952
(514,002)
81
1,563,756
1,365,028
(1,423,927)
-
Summary of funds - prior year
Balance at
1 January
2023
£
Income
£
Expenditure
£
Designated funds
248,783
13,013
(2,821)
General funds
482,196
720,414
(729,348)
Restricted funds
899,998
408,033
(445,898)
1,630,977
1,141,460
(1,178,067)
Analysis of net assets between funds
Analysis of net assets between funds - current period
Unrestricted
funds
2024
£
Current assets
708,471
Creditors due within one year
(42,525)
Difference
1
Total
665,947		 Gains/
(Losses)
£
-
(19,746)
-
(19,746)
Gains/
(Losses)
£
-
(30,614)
-
(30,614)
Restricted
funds
2024
£
819,164
-
-
819,164		 Balance at
31
December
2024
£
264,345
401,602
819,164
1,485,111
Balance at
31
December
2023
£
258,975
442,648
862,133
1,563,756
Total
funds
2024
£
1,527,635
(42,525)
(1)
1,485,111

15. Analysis of net assets between funds Analysis of net assets between funds - current period

Page 31

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

15. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior period

Debtors due after more than one year
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2023
£
2,912
722,254
(23,543)
701,623		 Restricted
funds
2023
£
-
862,133
-
862,133		 Total
funds
2023
£
2,912
1,584,387
(23,543)
1,563,756
16.
Reconciliation of net movement in funds to net cash flow from operating activities
2024
£
Net expenditure for the period (as per Statement of Financial Activities)
(58,900)
Adjustments for:
Dividends, interests and rents from investments
(16,482)
Decrease/(increase) in debtors
(110,297)
Increase/(decrease) in creditors
18,984
Foreign exchange difference
(38,548)
Net cash used in operating activities
(205,243)
17.
Analysis of cash and cash equivalents
2024
£
Cash in hand
1,251,502
Total cash and cash equivalents
1,251,502		 2023
£
(36,606)
(13,369)
12,471
(53,316)
(30,614)
(121,434)
2023
£
1,440,263
1,440,263

Page 32

SCRIPTURE UNION INTERNATIONAL COUNCIL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

18. Analysis of changes in net debt

Cash at bank and in hand At 1
January
2024
£
1,440,263
1,440,263		 Cash flows
£
(169,959)
(169,959)		 At 31
December
2024
£
1,270,304
1,270,304

19. Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £9,653 (2023: £9,406). There were no amounts payable and included in creditors at the balance sheet date (2023: £Nil).

20. Members' liability

Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £10 for the debts and liabilities contracted before he/she ceases to be a member.

21. Related party transactions

Transactions with SU Movements have not been treated as related parties. Monika Kuschmier, a director, received remuneration during the year - details of which are disclosed in note 9 'Directors' remuneration and expenses'. The charitable company has not entered into any other related party transactions during the year, nor are there any outstanding balances owing between related parties at the balance sheet date.

22. PAASE disclosure

In common with many other charitable company's of our size and nature, we use our auditors to assist with the preparation of financial statements.

23. Controlling party

The charitable company is controlled by the Board of Directors.

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