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2023-12-31-accounts

EVANGELICAL MISSION ASSOCIATION

ALSO KNOWN AS GLOBAL CONNECTIONS

(A COMPANY LIMITED BY GUARANTEE)

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

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Company No: 3886596

EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2023

CONTENTS CONTENTS
1. Report of The Trustees ............................................................................................................ 3
1.1
Reference and Administrative Details ............................................................................... 3
1.2
Structure, Governance & Management ............................................................................. 4
1.3
Our Aims, Objectives and Activities ................................................................................... 5
1.4
Summary of Main Activities and Performance by Strategic Objective in 2023 ................... 7
1.5
Summary of Achievements and Performance against Operational Plans in 2023 ........... 10
1.6
Financial Review ............................................................................................................. 12
1.7
Future Plans and Activities .............................................................................................. 14
1.8
Responsibilities of The Trustees ..................................................................................... 14
2. Independent Examiner’s Report to The Evangelical Mission Association (“Global
Connections”) ...................................................................................................................... 16
3. Financial Statements ............................................................................................................. 17
3.1. Statement of Financial Activities (Including Income & Expenditure Account) – Year Ending 31
December 2023 ................................................................................................................... 17
3.2. Balance Sheet (As At 31 December 2023) ............................................................................. 18
3.3. Notes To The Financial Statements For The Year Ending 31 December 2023 ...................... 19

Page 2 of 28

Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2023

1. Report of The Trustees

The trustees have pleasure in presenting their report and accounts for the year ended 31 December 2023.

1.1 Reference and Administrative Details

Legal Registration

The Evangelical Mission Association (EMA) is an incorporated charity limited by guarantee, not having share capital. It is registered in England and Wales with company number 3886596 and as a charity with charity number 1081966. It operates under the trading name of Global Connections (GC). The charity also uses Global Connections Jobs & Mission (GC J&M) as a trading name for its vocational activities (this replaces Christian Vocations) and has a sub-network in Northern Ireland called the Mission Action Partnership (MAP).

Board of Trustees (also Company Directors)

The following individuals have served as trustees during the year and to the date of this report:

Mr Alan Tower Mrs Louisa Evans Dr Peter Rowan (resigned May 2023) Mr Chris Ducker Mr Fola Oyeleye Mr Dan Challis (resigned December 2023) Mrs Anu Ola Mr James Vaughton (resigned May 2023) Trustee XX – Trustee with Dispensation Mrs Caroline Millar (resigned June 2023) Mrs Cindy Crossley (co-opted Mar 2024) Mr Mark Pickett (co-opted Mar 2024) Ms Abi Willetts (co-opted Mar 2024) Mrs Natasha Rayan (co-opted Mar 2024) Ms Caroline Maxwell (co-opted Mar 2024)

Council

The following individuals, together with the trustees, served as Council members during 2023:

Abi Willetts Evan Winter Mark Pickett Brian Wakelin Gary Sloan Michael Prest Cindy Crossley Girma Bishaw Natasha Rayan Claire Franks Gordon Darragh Paul Cooke Connie Yu Gordon Scoble Peter Brierley Dan Yarnell Henry Lu Peter Oyugi David Baldwin Iván Neira Ray Porter David Cook James Poole Robert Scott David King John McLernon Roger Purdom Deborah Agnes Lesley Cheesman Siew H Ong Edward Issitt Mark Handley Tony Uddin

Company Secretary during 2023

Mr Andy Law

Officers

Honorary President: Rev Stanley Davies (to 29 March 2024) Chairman of Board: Mr Alan Tower

Key Management Personnel

Dr Harvey Kwiyani (Chief Executive Officer – in post until 31 October 2023) Dr Chris Wigram (Interim Chief Executive Officer – in post from 20 November 2023) Mr Andy Law (Chief Operating Officer)

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2023

Registered Office

Caswell Road, Leamington Spa, CV31 1QD

Correspondence Address

Caswell Road, Leamington Spa, CV31 1QD

Independent Examiner

Paul Holland (FCMA), Bumble Cottage, Bailrigg Lane, Lancaster, LA1 4XP

Bankers

  1. Santander, Bridle Road, BOOTLE G1R 0AA

  2. Barclays Bank plc, 29 Borough High Street, LONDON SE1 1LY

  3. Kingdom Bank, Media House, Padge Road, Beeston, NOTTINGHAM, NG9 2RS

1.2 Structure, Governance & Management

The voting membership of the charity is its Council with elections taking place at company meetings following a nomination process agreed by the Council. The Council is representative of the network with the proportions agreed by the Council. The network has a number of non-voting categories which includes network members, network associates and individual associates. The basis for the different categories of the network is set out in the Articles of Association. The Council which served during 2023 is listed on page 1. The term of office is three years, and each Council member is eligible to serve for three terms. The Council’s role is to approve the overall vision, mission and values for the network and debate significant policy and missiological issues. The Council elects the Board of Trustees in accordance with the Articles of Association. The Council met three times during 2023 – two regular meetings, and once for the Annual General Meeting.

It is with sadness that the trustees recognise the death of the charity’s honorary president, Reverend Stanley Davies in March 2024. Stanley made a tremendous contribution to the Evangelical Mission Alliance (then Association), and was instrumental in creating a firm foundation for his successors to build on. All of us connected with the Evangelical Mission Association send our condolences to Stanley’s family, and pray for God’s close presence in their grief.

1.2.2 The Board

The Board of Trustees, who held office during 2023, are listed on page 1. The year started with 10 trustees, which reduced to seven by the end of the year following three resignations. All three resignations came before the end of the individual’s third full term, and were recognised by the Council during the AGM in October 2023. All trustees have received the

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2023

Charity Commission’s publications ‘The Essential Trustee’, ‘Charities and Fund-raising’ and ‘Risk Framework’. The term of office is three years, and each trustee is eligible to serve for three terms.

None of the trustees had any financial interest in any transaction or arrangement with the Charity (other than as a trustee for the charity or as a donor to the charity or as a staff member of a network member) during the period covered by this report. No trustee receives any form of remuneration, other than the reimbursement of expenses. Any such expenses are listed in the notes to the Financial Statements.

1.2.3 Board meetings and organisation of the charity

The operations of the charity are conducted in accordance with the Articles of Association. All the trustees are active in the running of the charity and there is a clear set of roles and responsibilities for trustees and staff. The trustees met four times during the year, with ad hoc meetings when required, as well as participating in Council meetings and other network events. The Board are supported by an advisory committee on finance and governance; this Finance & Governance Committee (F&GC) supports the trustees and senior management with financial planning and oversight, risk identification and management, pension scheme oversight and policy reviews. In the latter half of the year, the trustees also invested additional time into the recruitment of a new CEO following the resignation of Dr Harvey Kwiyani. The recruitment process was ultimately unsuccessful, and will be recommenced in 2024.

The trustees approve and monitor the charity’s strategic objectives and retain oversight on the allocation of funding for activities, which are approved within the limits of its financial resources. Legal advice is sought when necessary.

A register of trustees’ interests is held to ensure that there are no conflicts of interest. This is updated annually. Related party issues are fully declared in the financial statements. The trustees abide by a clear conflict of interests policy which states that any trustee with a potential conflict of interest is asked to leave the room and takes no part in the debate or decision. The trustees have reviewed and state that there is no Person of Significant Control.

Risks to the continued operation of the charity are monitored and formally reviewed by the trustees at their meetings. This process seeks to identify all risks to which the charity is exposed, especially seeking to identify all the major risks to ensure that all appropriate mitigations are in place. The most prominent risks currently being managed by the charity relate to the potential impact of changes to the GC Pension Scheme, competition from other Christian jobs advertisers, and the likely consequences resulting from non-compliance with charity law and regulations. The trustees are satisfied that adequate mitigations and contingency plans, appropriate to an organisation of its size, are in place to reduce the consequences of such risks. The charity maintains a register of the principal identified risks and this is maintained as a working document. Internal risks are minimised by the implementation of control procedures. External risks are minimised by regular monitoring of the external environment covering charity regulation and world mission issues.

1.3 Our Aims, Objectives and Activities

Our Purpose

Our charity’s purpose is to maintain, advance and promote the Christian faith throughout the world by such means as the trustees shall think fit. As a membership network, Global Connections has always sought to do this through strengthening and improving the practice

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2023

of the network members and the UK church in relation to world mission activities, and by the provision of resources that bring benefit and help support their missional activities.

Our Aims and Objectives

Although our aims and objectives will remain generally consistent from one year to the next, the means by which these are achieved (i.e., our activities) are reviewed each year. This review process considers what has been achieved in the last 12 months, what benefits have been realised for our members and what lessons can be learned. The review process also helps us ensure our aim, objectives and activities remained focused on our stated purposes.

The focus of our work and activities

The focus of our work continues to be the growth and development of a network of agencies, churches and individuals dedicated to growing God’s Kingdom through mission. Following a review of our strategy during 2022, the charity’s strapline and supporting statement remain: Strapline: Together for the future of mission

Supporting Statement: ‘Connecting and equipping the UK church and mission community in a changing world.

The charity’s key objectives are:

  1. Connect — help the network build and strengthen relationships and develop collaborative partnerships across organisations, nationalities, and mission fields for the sake of prayer, mutual learning, and sharing of resources.

  2. Inspire — inspire, encourage, and motivate followers of Christ in the UK to participate in God's mission through relevant Christian ministry and service, both locally and globally.

  3. Explore — engage with the network in critical, reflective and fruitful conversations about the future of mission, in the context of world Christianity, and the role of the UK mission community in it.

  4. Equip — prepare and equip members for both local and global mission through the sharing of experience, best practice, and helpful resources.

The trustees believe that these keywords clarify the charity’s objectives and do not represent any fundamental change to the purpose or work of Global Connections, Global Connections Jobs & Mission, or MAP.

As in previous years, we remain mindful of the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In accordance with this guidance, the trustees considered how planned activities will contribute to the agreed aims and objectives.

Who are our charity’s beneficiaries?

As a network organisation, the trustees consider that the main beneficiaries are organisations and churches involved in mission activities (cross-culturally in the UK and around the world).

The charity aims to deliver events and resources to the network members and more widely, that will assist them in their mission of spreading and demonstrating the Christian message. Non-network members can attend events and use resources where available. The trustees consider that the public is well served by strengthening and improving the practice of its members and the UK church in relation to mission activities in the UK and overseas, and by the provision of high-quality resources that bring wider public benefit.

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2023

1.4 Summary of Main Activities and Performance by Strategic Objective in 2023

The following points will look at specific work carried out against each of the organisational objectives in each strategy area, and will highlight their impact on the network of mission organisations that we represent.

As a network of member organisations, Global Connections strives to facilitate individuals, agencies, churches and network associates to connect with one another, to share experiences and learning, and offer mutual support. Global Connections and MAP have continued to facilitate these connections in the following ways:

The GC staff team greatly value the support of the forum core and steering group members, who provide a greater breadth of input from within the membership. This arrangement continues to ensure that a range of voices can be heard, and perspectives considered in developing plans for learning and engagement throughout the year.

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2023

Global Connections Jobs & Mission (GC J&M) is a ministry of Global Connections.

A few of the key achievements for GC J&M in 2023 were:

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2023

validated sign-ups for job alerts, and we expect this figure to continue increasing in 2024.

The staff team have continued to focus on signposting members to a range of valuable resources at source. This ensures that members get important information from the source, without interpretation or missing context. We are confident that this continues to be the most appropriate model to equip our members.

In addition to this signposting approach, Global connections and MAP continued to equip members with a range of important resources including:

The staff team are especially grateful to all those who helped develop the resources available on the GC website.

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2023

Through all such conversations, Global Connections looks to facilitate dialogue around the key issues impacting the outworking of mission in, to and from the UK. The intention is not to instruct members on what alternative models should be adopted, but to explore together whether change is required to redress the balance of perceived power and resource.

1.5 Summary of Achievements and Performance against Operational Plans in 2023

The trustees are committed to improving the charity’s practice and ensuring that it delivers public benefit by supporting the activities of the members of the network. The strategy sets out clear indicators for monitoring how activities impact the stated aims, and this is evaluated by management and reported at each Board meeting.

The principal achievements in 2023 centred on the Charity’s focus on the future of mission, tackling the issues of racism and colonialism in mission, and continuing to support members of the network as they started to consider future implications for their own operational models.

In the interest of continuation and consistency, this section of the report will focus on how the charity performed against the plans and future activities set out in the 2022 Annual Trustees Report. These were:

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2023

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2023

1.6 Financial Review

1.6.1 Financial Results

While income against the three key income streams was less than in 2022, a specific legacy donation of £147,292 bolstered unrestricted income in 2023, resulting in an end of year surplus across all funds of £138,912. Income from jobs advertising through Global Connections Jobs & Mission (previously known as Christian Vocations) decreased from £80,272 in 2022 to £65,835 in 2023. This was largely due to the volatility in the job market. Events related income decreased from £15,221 in 2022 to £14,121 in 2023, and membership contributions decreased slightly from £162,584 in 2022 to £161,385 in 2023.

Although total income from the charity’s key activities decreased in 2023, when compared to 2022, this reduction was less than expected and exceeded the budgeted income by £8,218.

Total expenditure decreased by 3.8% from £287,594 in 2022 to £276,762 in 2023. This decrease was largely due to a reduction of £20,841 in expenditure on Promotions and Resources whilst payroll costs increased by £6,905 despite vacancies within the staff team during the last quarter of the year.

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2023

The unexpected income from the legacy donation combined with the reduction in budgeted expenditure resulted in a year end surplus of £138,912. It is acknowledged that the end of year result would have been a deficit of £8,370 without the legacy donation, but this would still have represented an overperformance against a budgeted deficit for 2023 of £32,137.

The Trustees continue to express their dependence on God, and gratitude for His provision of sufficient funding; the legacy donation was a particular blessing. The executive leadership and trustees plan to use this money to engage in projects and programmes of work, to the benefit of the wider network and mission community, that would not have otherwise been possible. This will include a comprehensive survey of the network members.

Restricted funds activity continues to centre on various mission promotion events organised by the cooperation of member agencies in the GC network and facilitated financially by the GC staff team.

1.6.2 Free Reserves Policy

Free reserves are those unrestricted funds not invested in fixed assets nor designated for specific purposes or otherwise committed. This reserve is a means of protecting the organisation against uncertainty over future income or potential emergency expenditure.

The current Board policy is to hold an upper free reserve limit at or above 2.5 months’ expenditure, plus an amount to cover the cost of closure, the total of which currently equates to £85,328. This is referred to as the ‘Early Warning’ Reserve limit. This signifies the point at which the Board must consider the steps to be taken to prevent further depletion of the reserves, and covers the charity’s minimum contractual liabilities and standard operating costs, whilst providing a buffer for unexpected expenditure or loss of income. In addition to this, it is the Board’s policy to recognise the lower ‘Absolute Free Reserve Limit’ which signifies the point at which a decision to continue trading must be taken.

The actual free reserves are £362,629 - which is the equivalent of just over 14 months expenditure - have been significantly boosted by this year’s legacies. While the intention will be to focus the spending of legacy donations in furtherance of the charitable objectives, it is recognised that they will provide additional financial stability over the next two years of planned budget deficits. The executive leadership and trustees will continue to consider how the legacy fund may be used to maximise its benefit.

1.6.3 Going concern

The Trustees regularly review the medium-term financial projections for the charitable company, and recognise the need to closely monitor and respond to budgetary fluctuations as and when required. Although it is recognised that there continue to be some risks that are beyond the charity’s control, it is the Board’s view that appropriate mitigations are in place and will be monitored on a quarterly basis, or more frequently if appropriate. Although the Trustees have approved a deficit budget of £48,240 for 2024, it is noted that this is largely the result of a cautious approach to budget setting. There continues to be a degree of uncertainty regarding the financial security within the sector, which could ultimately result in a further reduction in the number of members in the network. When combined with known higher operational costs associated with having a full staff team and other general uplifts impacted by inflation, it remains the view of the trustees that the charity is unlikely to deliver a surplus in the next two years.

Despite this, the charity does not forecast passing below its absolute free reserves limit of £39,865 for at least 12 months from the date of this report. Consequently, the trustees are satisfied that the company is in adequate financial health and the going concern basis is appropriate for their accounting.

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2023

1.6.4 Investment Policy

The Board’s policy is to retain surplus liquid funds in interest bearing accounts, generally up to £85,000 per banking institution, currently using the Santander Deposit Fund and Kingdom Bank. Having received such a significant legacy donation during the year, the trustees took the decision to deposit this money in a COIF Charities Deposit Fund managed by CCLA, rather than holding it as a cash deposit in the bank.

1.7 Future Plans and Activities

In consultation with the Board of Trustees, the staff and executive management team will focus their energy and time during 2024 on the following objectives:

1.8 Responsibilities of The Trustees

The trustees (who are also the directors for the purposes of Company Law) are responsible for preparing the trustees’ report and the financial statements in accordance with general applicable law and United Kingdom Accounting Standards (United Kingdom General Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources of the charitable company for that period. In preparing these financial statements, the trustees are required to:

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2023

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safekeeping the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirement of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the micro-entity provisions.

The Trustees’ Report was approved by the Trustees on 22 May 2024 and signed on their behalf by:

Mr Alan Tower (Chair):

Date: 22/05/24

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Report of the Trustees for the Period Ended 31 December 2023

2. Independent Examiner’s Report to The Evangelical Mission Association (“Global Connections”)

I report on the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Chartered Institute of Management Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

Name: Paul Holland, FCMA Fellow of Chartered Institute of Management Accountants

Address: Bumble Cottage, Bailrigg Lane, Lancaster, LA1 4XP Date: 1st June 2024

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Financial Statements for the Period Ended 31 December 2023

3. Financial Statements

3.1. Statement of Financial Activities (Including Income & Expenditure Account) – Year

Ending 31 December 2023

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
6
Net income/(expenditure)
7
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
Restricted
Funds
£
£
166,538
135
245,393
560
3,047
-		 2023
Total
£
166,673
245,953
3,047		 2022
Total
£
30,095
267,568
511
414,978
695		 415,673 298,174
6,195
-
264,868
5,698		 6,195
270,566		 6,030
281,564
271,063
5,698		 276,761 287,594
143,915
-5,003
-
-		 138,912
-		 10,580
-
143,915
-5,003
218,714
11,981		 138,912
230,695		 10,580
220,115
362,629
6,978		 369,607 230,695

The Statement of Financial Activities includes all gains and losses recognised in the year.

All incoming resources and resources expended derive from continuing activities.

Full comparative figures for 2022 are show in Note 2.

The notes on pages 19 to 28 form part of these financial statements.

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Financial Statements for the Period Ended 31 December 2023

3.2. Balance Sheet (As At 31 December 2023)

Note
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Debtors
11
Cash at bank and in hand
Creditors:
Amounts falling due within one
year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
Represented by:
UNRESTRICTED FUNDS
15
General funds
Designated funds
RESTRICTED FUNDS
16
TOTAL FUNDS		 Unrestricted
Restricted
Funds
Funds
£
£
-
-
5,508
-
364,064
6,978		 2023
Total
£
-
5,508
371,042		 2022
Total
£
-
12,079
229,552
369,572
6,978
6,943
-		 376,550
6,943		 241,631
-10,936
362,629
6,978		 369,607 230,695
362,629
6,978		 369,607 230,695
215,337
147,292		 218,714
-
362,629
6,978		 218,714
11,981
**369,607 ** 230,695

The notes on pages 19 to 28 form part of these financial statements.

Approved by the Board on 22 May 2024 and signed on their behalf by:

Mr Alan Tower (Chair):

Company limited by guarantee, Number 3886596

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Financial Statements for the Period Ended 31 December 2023

3.3. Notes To The Financial Statements For The Year Ending 31 December 2023

1 ACCOUNTING POLICIES

The financial statements have been prepared under the Companies Act 2006 and in accordance with the Charities Statement of Recommended Practice (Charities SORP (FRS 102)), Financial Reporting standard 102 (FRS102) and the Charities Act 2011. The particular accounting policies adopted are described below.

(a) Accounting convention

The financial statements have been prepared under the historical cost convention. The charity meets the definition of a public benefit entity under FRS 102.

(b) Depreciation

Depreciation is provided on tangible assets to write off their cost over their estimated useful lives at rates of 20% (furniture and equipment) and 33.3% (computers) on the straight line method, on a quarterly basis. Capitalisation threshold is £1,000 per separable item including irrecoverable VAT.

(c) Leasing

Costs in respect of operating leases are charged as lease payments are due.

(d) Stocks

Stock is included at the lower of cost or net realisable value.

(e) Fund accounting

Funds held by the charity are classified as one of:

Unrestricted general funds – These are funds which can be used in accordance with the charitable objects at the discretion of the trustees.

Designated funds – These are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects.

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

(f) Pension costs

Pension costs are charged in the period in which they are payable to the scheme.

(g) Irrecoverable VAT

Irrecoverable VAT is included in the cost of the expense to which it relates.

(h) Income

All income is accounted for on a receivable basis. Income received for an event to take place in a future accounting period, whether fees or donations, is deferred to that accounting period and is held at the yearend as a liability.

(i) Legacies

Legacy income is accounted for when receivable. Legacies are regarded as receivable when the charity is notified of its legal entitlement; the amount due is quantifiable; and its ultimate receipt by the charity is probable.

(j) Donated services and facilities

Donated services and facilities are recognised as income and expenditure of the charity. Seconded staff time is valued at the cost of that time to the seconding agency. Donated

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Financial Statements for the Period Ended 31 December 2023

meeting facilities are valued at the normal charge made for those facilities.

(k) Expenditure

Liabilities to pay expenses are accounted for when payable. Expenditure is accounted for on an accruals basis. Where categories of expenditure relate to more than one expenditure heading in the SOFA, these are allocated between headings on the basis of an estimate of staff time spent thereon.

(l) Cost of Generating Funds

This comprises 2.5% of all expenditure relating to staff, outside contractors, Office, property and Admin and reflects the proportion of these activities devoted to raising funds for the charity.

(m) Cost of activities in furtherance of the charity’s objects

This comprises all expenditure directly related to the objects of the charity.

(n) Governance costs

This comprises expenditure relating to compliance with constitutional and statutory requirements and other costs, which cannot be treated as cost of activities in furtherance of the charity’s objects. This comprises 3% of all expenditure relating to staff, outside contractors, Office, property and Admin and reflects the proportion of these activities devoted to governance, plus specific costs of the Independent Examiner and trustee expenses and meetings.

(o) Taxation

The company is a registered charity and is exempt from taxation on its charitable activities.

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Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Financial Statements for the Period Ended 31 December 2023

2 STATEMENT OF FINANCIAL ACTIVITIES - COMPARATIVE FIGURES FOR 2022

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
6
Net income/(expenditure)
7
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
Restricted
Funds
2022 Total
£
£
£
29,202
893
30,095
267,368
200
267,568
511
-
511
297,081
1,093
298,174
6,030
-
6,030
280,406
1,158
281,564
286,436
1,158
287,594
10,645
-65
10,580
-
-
-
10,645
-65
10,580
208,069
12,046
220,115
218,714
11,981
230,695

Page 21 of 28

Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Financial Statements for the Period Ended 31 December 2023

Balance Sheet comparative figures for 2022:

Note
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Debtors
11
Cash at bank and in hand
Creditors:
Amounts falling due within one
year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
Represented by:
UNRESTRICTED FUNDS
15
General funds
Designated funds
RESTRICTED FUNDS
16
TOTAL FUNDS		 Unrestricted
Restricted
Funds
Funds
£
£
-
-
12,079
217,571
11,981		 2022
Total
£
-
12,079
229,552
229,650
11,981
-10,936
-		 241,631
-10,936
218,714
11,981		 230,695
218,714
11,981		 230,695
218,714
-
218,714
11,981
230,695

Page 22 of 28

Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Financial Statements for the Period Ended 31 December 2023

3 DONATIONS
2023
Unrestricted Restricted Total
£ £ £
General Donations 8,002 135 8,137
Legacies 147,536 - 147,536
Trusts and Grants 11,000 - 11,000
166,538 135 166,673
Comparative figures for 2022: 2022
Unrestricted Restricted Total
£ £ £
General Donations 9,208 893 10,101
Legacies 5,494 - 5,494
Trusts and Grants 14,500 - 14,500
29,202 893 30,095
4 INCOME FROM CHARITABLE ACTIVITIES
2023
Unrestricted Restricted Total
£ £ £
Conferences and Events 14,121 -
14,121
Contributions from Members 160,825 560
161,385
Direct Charitable sales 65,835 -
65,835
Affinity schemes & miscellaneous
trading 4,613 - 4,613
245,393 560
245,953

Comparative figures for 2022:		 2022
Unrestricted Restricted Total
£ £ £
Conferences and Events 15,221 - 15,221
Contributions from Members 162,384 200 162,584
Direct Charitable sales 81,096 -
81,096
Affinity schemes & miscellaneous
trading 8,667 - 8,667
267,368 200
267,568

INVESTMENT INCOME

5

Page 23 of 28

Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Financial Statements for the Period Ended 31 December 2023

2023
Unrestricted Restricted Total
£ £ £
Interest received on cash
balances 3,047 - 3,047
Comparative figures for 2022 2022
Unrestricted Restricted Total
£ £ £
511 - 511

6 TOTAL EXPENDITURE

OTAL EXPENDITURE
Staff costs
Outsourced contractors
Office property,
administration, staff travel
Promotions and resources
Conference and events
Examination of accounts
Miscellaneous expenses
Comparative figures for 2022
Staff costs
Outsourced contractors
Office property,
administration, staff travel
Promotions and resources
Conference and events
Examination of accounts
Miscellaneous expenses		 Cost of
activities in
furtherance
Cost of
of the
generating
charity’s
Governance
2023
funds
objects
Costs
Total
£
£
£
£
5,050
190,892
6,060
202,002
144
5,447
173
5,764
1,001
37,847
1,201
40,050
-
10,940
-
10,940
-
11,806
-
11,806
-
-
650
650
-
3,469
2,081
5,550
6,195
260,401
10,165
276,762
Cost of
generating
funds
Cost of
activities in
furtherance
of the
charity’s
objects
Governance
Costs
2022
Total
£
£
£
£
4,877
184,367
5,853
195,097
135
5,112
162
5,409
1,018
38,450
1,221
40,689
-
31,781
-
31,781
-
7,792
-
7,792
-
-
800
800
-
2,508
3,518
6,026
6,030
270,010
11,554
287,594

Page 24 of 28

Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Financial Statements for the Period Ended 31 December 2023

7 NET MOVEMENT IN FUNDS

2023
This is stated after charging:
£
Lease of property
10,233
Lease of office equipment
1,326
Examiner's fee
650		 2022
£

10,375

2,691

800

8 TRUSTEE AND EMPLOYEE INFORMATION

a) Employee information

The average number of staff employed during the year
was:
The average number of full-time equivalent
staff was:

Staff emoluments
Salaries
Social security
Pension and life assurance costs		 2023
2022
10
8
6
6
£
£
175,309
168,655
8,839
9,027
17,854
17,415
202,002
195,097

Employee benefits to key management personnel for the year totalled £89,925 (2022: £91,297). There were no employees with emoluments above £60,000 in either the current or previous year.

b) Trustee information

No remuneration was paid to, or waived by, any trustee during the year (£NIL in 2022). Expenses of £498 for travel were reimbursed to four trustees during the year (£530 to five trustees in 2022).

9 PENSION SCHEME ARRANGEMENTS

Defined contribution scheme

The charity’s staff belong to one of two defined contribution pension schemes. The schemes' assets are held separately from those of the charity in independently administered funds. The pension cost charge represents contributions payable to the funds, which amounted to £17,854 (2022: £17,415)

Page 25 of 28

Company No: 3886596 EVANGELICAL MISSION ASSOCIATION

Financial Statements for the Period Ended 31 December 2023

10
TANGIBLE ASSETS
Fixed assets held for use by the charity
Cost
At 1stJanuary 2023
Additions
Disposals
As at 31st December 2023
Depreciation
At 1stJanuary 2023
Charge for the year
Released on disposal
As at 31st December 2023
Net book value
As at 31st December 2023
As at 31st December 2022
11
DEBTORS AND PREPAYMENTS
Taxation: VAT recoverable
Debtors
Prepayments
12
CREDITORS
Taxation and social security
Trade Creditors
Accrued expenses
Accrued holiday pay
Other Creditors		 Computer
Office
Total
Total		 Computer
Office
Total
Total		 Computer
Office
Total
Total		 Computer
Office
Total
Total

equipment
2023
£
£
£
10,052
1,175
11,227
-
-
-
-
-
-		 2022
£
11,227
-
-
10,052
1,175
11,227		 11,227
10,052
1,175
11,227
-
-
-
-
-
-		 11,227
-
-
10,052
1,175
11,227		 11,227
- -
-		 -
- -
-		 -
2023
2022
£
£
1,427
7,682
4,081
4,396
5,508
12,078
2023
£
1,821		 2022
£

3,204
3,662

807

454
2,809
1,033
1,220
76
2,793
6,943
10,936

Page 26 of 28

Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Financial Statements for the Period Ended 31 December 2023

13 COMMITMENTS

The future minimum lease payments to which the organisation is committed under operating leases in the coming years are as follows:

2023
Lease payments due:
Total
Within one year:
£
Land & buildings (inc. service
charges)
7,650
Other operating leases
-
Within two to five years:
Land & buildings
-
Other operating leases
-		 2022
Total
£

9,350
2,820
-
-

Note: reduction in lease payments due within one year on Land & Buildings relates to a change in the nature of the office lease agreement with the landlord. Effective from 1st December 2023, service charges for electricity used are to be charged retrospectively quarterly basis, based on actual usage.

14 RELATED PARTY TRANSACTIONS

There were no individual related party transactions during the year which require disclosure (£NIL in 2022). Aggregate donations in the year without condition from trustees and key management personnel totalled zero.

15 UNRESTRICTED FUNDS

General Fund
Legacy Fund		 Balance
at
Movement in funds
Balance
at
1st Jan
31st Dec
2023
Income
Expenditure
Transfers
2023
£
£
£
£
£
218,714 267,686
271,064
-
215,337
- 147,292
-
-
147,292
218,714 414,978
271,064
-
362,629

Comparative figures for 2022:

General Fund Balance
at
Movement in funds
Balance
at
1st Jan
31st Dec
2022
Income
Expenditure
Transfers
2022
£
£
£
£
£
208,069 297,081
286,436
-
218,714
208,069 297,081
286,436
-
218,714

Page 27 of 28

Company No: 3886596 EVANGELICAL MISSION ASSOCIATION Financial Statements for the Period Ended 31 December 2023

16 RESTRICTED FUNDS

Lausanne General
Network Events
Staff Ministry
H4M (Hope for Muslims)
Regional Reps
Total Restricted Funds		 Balance
Movement in funds
Balance
at 1st
January
Income Expenditure Transfers
at 31st
Dec
2023
2023
£
£
£
£
£
4,677
135
-
-
4,812
1,326
-
220
-
1,106
334
-
334
-
-
4,489
-
4,489
-
-
1,155
560
655
-
1,060
11,981
695
5,698
-
6,978

The Funds are maintained for the following purposes:

CRIB: CRIB is a network and events for Christians involved in mission to Muslims in Britain. This fund represents the income and expenditure involved in the running of events by the CRIB network. All CRIB funds were transferred to The Sheiling Trust in accordance with an agreed transfer arrangement that finalised in February 2022.

Lausanne General: Donations received for the work of Lausanne Committee for World Evangelisation.

Network Events: Mission promotion events organised cooperatively by member agencies. Staff ministry: Relates to monies given to support the ministry of Bryan and Marion Knell. Bryan is a former staff member.

H4M (Hope for Muslims): The fund comes from income of the 2015 UK tour event attendance, book sales and donations for ministry to Syrian refugees. The donations were distributed between seven member agencies of Global Connections who cooperated in presenting the tour events.

Regional Reps : This fund covers travel and other operating expenses of representative staff from various mission agencies working together under the banner of GC.

CRIB
Lausanne General
Network Events
Staff Ministry
H4M (Hope for Muslims)
Regional Reps
Total Restricted Funds		 Balance
Movement in funds
Balance
at 1st
January
Income Expenditure Transfers
at 31st
Dec
2022
2022
£
£
£
£
£
1,007
-
1,007
-
-
3,845
833
-
-
4,678
1,326
-
-
-
1,326
334
-
-
-
334
4,489
-
-
-
4,489
1,045
260
151
-
1,154
12,046
1,093
1,158
-
11,981

Page 28 of 28