Charity number: 1121552 Company number.. 6347617 CHRISTIANITY EXPLORED (A company Ilmlted by guarantee) Report and Financlal Statements For the year to 31 December 2022 IIJlNiilil 2eI0812023 COMPANIES HOUSE
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CHRISTIANITY EXPLORED Financial statements for the ear to 31 December 2022 Contents Pages Legal and adminislr8tive infomiation Report of the trustees Independent Auditors. report ststement of financial activities Balance sheet Cash Flow Statement 10 Notes fMIng part of the financial statements 11-17
CHRISTIANITY EXPLORED al and administrative information Reglsterod Charlty Number". 1121552 Company Number: 6347617 Trustees Revd R l Tice Mr J McDowell Mr J Marshall Irelired 10th February 2022) Revd H Palmer {retired 10th February 2022) Revd T Archer Mr J Ibbett Mrs Y Ibbett (retired 9th Fetyuary 20231 Mr W King Mr K Appleton Mr A Gordon (appointed 17th May 2022) Ms S Dawkins lappoinled 12th September 2022) Mr N Houghton lappointed 12th September 20221 Ms R Fadipe lappointed 1 st December 2022) Company Secretary Mr l Roberts Bankers Barclays Bank pl 1 Churchill Place London E14 SHP R•gl$t•rèd offlce 86-90 Paul Street London EC2A 4NE Audltors Jacob Cavenagh & Skeel 5 Robin Hood Lane Sutton Surrey SM12SW Key Management Personnoj The Trustees Mr l Roberts Mrs K Carter
CHRISTIANITY EXPLORED Report of the trustees for the year to 31 December 2022 Includln Re ort of the dlrectors Thè Trustees are pleased lo present their rewrt together with the financial statements of the charity for the year to 31 December 2022. Legal and administrative information set out on page 1 forms part of this report. The financial statements comply with the Memofandum of Association. the Compans Act 2006. The Charities Act 2011. the Charities Slalemenl of Recommended Practice (Charitses SORP (FRS 102}l and Financial Repo.ng Standard 102 IFRS 102) Structuro, Govoman¢o and Manogernent The charity 15 a company limited by guarantee and govemed by ils Memorandum and Articles of Association; il was incorporated on 20th August 2007 and commenced its aclivities on 1st January 2008. 11 wa5 also registered with the CharY Commission on 9th November 2007. The Trustees who served during the period a listed on page 1 ofthis report. The power lo appoint further Trustees is vested by the Art1'cS of Association in the oxisting Trustees. The Trustees mel four times during the Per. New Trustees undergo an induction programme where they are briefed on their legal obligats'ons under charity and company law, the content of the Memorandum and Articles. the committee and decision-making processes and other areas of imwjrtance lo the charity. They meel key employees and the other Trustees. Oblectlvfrs and Activities The objective, as set out in the MemoraThYum and Afticles of Assxiation is lo advance the Christian faith in. aeeordance with the slalement of beliefs in¢cwirated within rts C4)nstitution. particularly by: The worldwide promotion of the Christian faith according to the Bible: The worldwide promolion and leachirwj of all asFects of the Gospel of Jesus Christ and Christian living., and The worldwide kyomotion of evangelism. Ils major activities to achieve Ihese objectives indude lal arrange. prcJuce. promote and assist in any way in the arrangernent. production and promotion of Iraining courses. c(ferences. Wofkstws. restyjrce cenlres arHJ CtureS and related materials: Ibl produce. arrange. commission, Pfocure. print, publish, distribute, give and sell Iwhelher in the name of °Chri5tianity Explored- or otheThse) leaflets. books. magazines. articles. videos. DVDS. CD roms, films. computer programmes. audio visual aids. and any other multimedia or other information materials relating lo the Objects of the charity.. (GI to contract publishers to publish and distritmjte resources around the wodd. Idl to train representatives in the UK and abroad who train others to use the resources: Achlevements and Perforn)an¢e Major accomplishments durin9 Ihs period R)cluded: •Successful launch and marketing of new three-week Hope Explored course. whtch achieved over 23.000 handbook sales in the first year •High response rale to a user survey the results of which will inform product development Ihroughoul the next five years •Well-re¢eived pilot of a new youth resource b¥thich is scheduled for launch in 2023 •Our team joined the Prison Fellowship Intemational conference in Nairobi. Kenya in September 2022 as 11 new countries received training lo implement The Prfsoner'$ Journey. Colleclively these new ministn'es have pledged to reach into 718 prisons and invtte 279.026 prisoners lo me81 Jesus in the pages of Mark's Gospel over the next three years. •Wiva a EsperanGa. the Portuguese version of Hope Expkned. was introduced to pastors al the Pregue a Palavra {Pach the Word) conference in Atibia. Brazil in October 2022. •Countries of operation pass the 140 mark. New translatiS are undemay in Amharic. Faroese, Latvian, and Ormoro.
CHRISTIANITY EXPLORED Report of the trustees for the year to 31 December 2022 Includin Rg ort of th• director5 Flnanclal R¢vlew In the period under review. the charty had nel expenditure of £128.982 (2021= net income of £69.9961, of which net expenditure of £66.056 related to restricted funds (2021-. nel income of £4.4851. The nel funds carried forward al 31 December 2022 amounted to unrestritxed fund5 of £570.297 12021.. £633,223) and restricted funds of £231.97512021: £298.0311. Going concem The Trustees consider that there are no material uncertainties relats'ng to whether the charity can continue as going concem. Inveslmenlwlicy Under the Memorandum and Articles of Association the charity has the powerlo invest in any way the Trustees think fil. The charity has made such inveslmenls to generate a return and has made no social inveslmenls. Reservespolicy The Charity has mcderate reserves built up from previou5 surpluses. These are held for Ihe following reasons.. Primarity to undenyrile years where courses are filmed and Teleased which can more than double our annual expenditure.. To fvnd working caprtal and non-currenl assets; To cover three to six months of wre expenditure to insulate against the volatility of ing?me. Risks The charty has a risk managemenl policy and a iisk register ratified by the Board which reflects major risks prevailing and systems and procedures designed to manage them. Risks are classified under 5 headings.. vernance. operalional, financial. external. and compliance. Whilst a walching eye is being kepl on all, none are deemed lo be significantly high al this momenl in lime. Fundraising The charity raises funds through liaison, promoti and correSpcdence within its own nehvorks and uses no third parties. No complaint5 were received during the year. PubliG benefit The Trustees confirrn that they have had due regard to the guhlance issued by the Charity Commission with respect lo the public benefit when planning Iheii activities for the year. Christianity Explored exists lo provide educational and apologetic material lo explain the Christian faith lo the general public. As noted below this is very often free. or heavily subsidised and there is a particuLgr fc$ on developing countries where users ability to pay is very often absent or severety constrained. Resources produced by the Charity are delemiined by Ministerial considerations rather than commercial. Video resources. in particular. are hugely subsidised from donations, and returns from royalties fall well short of covering costs. The website and app for those wanting to investigate Chrisb'anity prKJr lo corning on a course are a150 made available free of charge. Furthermore the network of regK)nal training available is entirely free. Prison work also conlinues to grow. Chrislianity Explored was formally published in 2013 and Discipleship Explored in 2014. Minimal royalties are received from sales_ A partnership with Prison Fellowship was agreed in 2015 whereby Christianity Explored forms the heart of a projramme called "The Prisoners Journey.. By the end of 2022, over 655,4CQ prisoners had completed the programme. which is available in 36 countries aiound the worfd. Internationally. subsidies are often provided lor translations of material and pr&Juclion runs into the developing world with little or no royalties being received. We believe that somethiThJ like 500,000 people a year use our series in over 140 countries Wofldwide. Remuner8tson of k&ymgnagementpersonnel The Chief Executive. lan Roberts, is responsible for overall management of the charity including international operations. In the UK our National DIrlOr. Kay. Carter. has responsibility for day-tt>day management including product development. The pay of senr staff is reviewed arsnually and normally increases in accort1ance with average eamings bearing in mind charities of similar size and activity- Rico Tice. the evangelist of Al Souls Langham Place. is also a director of the chanty. Payment is made lo All Souls for his services and those of Grace McDowell. his Personal Assistant. No director rvetved remuneration
CHRISTIANITY EXPLORED Report of the trustees for the year to 31 December 2022 Includln Re ort of thg directors during the year. Detai15 of directors. expenses and related paty transactions are disclosed in notes 4 and 13 lo the accounts. Plans for th• futuro In the coming year we will focus on launching tyjr new cwrse for the Youlh market. called Vox. This will follow group of six young people who escape the distractions of modern life to contemplate questions of faith. We will also rebuild our web portal to provide better delivery of our cknurses and restyjrces. and continue script development for a new version of our flagship Christianity Explored course. which is due for launch in early 2025. In 2023, we are expanding our partnership with Prison Fellowship Intematr'onal to provide DIlPIeshiP Explored materials as a follow-up course for The Prisoner's Journey. Over 70% of prisoners who complete TPJ desire to continue lo a discipleship course. We are also working to introduce Christianity Explored materials lo churches in the countries where PFI have estal$hed networks. The next phase of development for Christianity Exped globally is to twild a network of reghjnal offices to support growth. In 2023. we aim lo increase our capaoty thrcwhout North and Latin America, as well as East Asia and Africa. Trustefrs. responsibilities in relation to tho financial statements The Trustees Iwho are also directors for Ihe purposes of company law) are responsit4e for preparing the Trustees, Report and the financial slalemenls in accordance with applicable law and United Kingdom -Accounting Stondards (United Kingdom Generally Apted A¢Unting Practice). Company law requires the Tnjslees lo prepare financial ststemenls for each financial year which give a true and fair view of Ihe stale of affairs of the charitable company and of the incoming resources and application of resources. including the income and expendilure. of the charitable company for that riod. In preparing these finanGial slalements, the Trustees are requifed to.. Select suitable accounting policies and apply them consistently-. obseThe the methods and principles in the Charrties SORP- make judgements and estimates that are reasonable and piudent: state whether applicable UK Accounting Standards have been folk)wed. subject to any materi81 departures disclosed and explained in the financial statements.. prepare the financial slatemenls on the going concern basis unless it is inappropriate to presume that the eharilable company will ¢tinUe its operations. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy al any time the financial position of the charitsble company and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the chari18Ne conyany arbd hence for taking reasonable steps for the prevents.on of fraud and other irregularities. Audltors A resolution will be proF4)sed at the Annual General Meeting that Jacob Cavenagh & Skeet be re•appointed auditors lo the charity- Dl$¢losure of infomiation to audltors To the knowledge and belief of the Trustees in their ¢apa¢ty as direclors of the compary, there is no relevant information that the company's audrtors are not aware of. and the Trustees have taken all the steps necessary lo ensure they are aware of any relevant information, army to establish that the comp8nls auditors are aware of the information. Approved by Ihe Trustees on 15 June 2023 and signed on tts behalf by: Mr K Appleton Trust90 MrJ Ibbett Trustee
CHRISTIANITY EXPLORED Inde endent auditors, re ort to the members of Christiani Ex lored Oplnlon We have audited the financial stalemenls of Chriskn"anity Explored lthe'charity'l the year ended 31 December 2022 which comprise the Statement of Financial Activibes. the Balance Sheet. the Staternenl of Cash Flows and the notes to the financial stalemenls. including a summary of significant accL)unting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Repjrting Standard 102 The Financi8lReporting Standard4wIKable in rhe UK andRepUbl of Irelsndlunrted Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the stale of Ihe charilable tharity's affairs as al 31 December 2022 and of its incoming resources and application of rv60urces for the year then ended- have been properly prepared in accordance with Uniled Kingdom GeAerally Accepted Accounting Practice,. arKI have been prepared in acCOrdar with the requiremenls of the Companies Act 2006. Ba$ls for oplnlon We conducted our audtt in aceordancewth Intemational Slandards on Auditing IUKI (ISAS IUKII and applicable law. Our responsibilities under those stsndards are further described in th& Audilorfs responsibilities for the audit of the financial statements secb.on of our report. We are independent of the tharitable gjmpany in accordance with the ethical requirements that are relevant to our audrt of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical reswnsibililies in accordance with these requirements. We believe that the audit evidence we have ob18ined is sufficienl and appropriate lo provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial slalements. we have concluded that the Iruslees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfom)ed. we have not idenlthed any material uncertainties relating lo events or conditions Ihal. individually or collectsvely. may (asl signrficanl doubl on the charity's ability to continue as a going concern for a peric4J of al least 12 months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilrties of the trustees with respect to gOg concern are described in the relevant sections of this report. Othèr infomiation The other infomation comprises the infomiation included in the annual report. including the trustees. report, other than the financial statements and our audilor's report thereon. The trustees are responsible for Ihe other information contained wrthin the annual reF)Ort. Our opinion on the financial statements does not cover the other information and. except to the extent olheThvise explicidy stated in (yJr report. we do not express any form of assurance condusion thereon. Our resFJonsibilty 1$ to read the other infomiation and, in doing so. consider whether the ¢)Iher information is materially inconsistent with the financial slatements or our kno%edge oblained in the wurse of the audit. or otherwise appears to be materialty misstated. If we identify such material inconsistencies or appafenl material misstatements. we are required to delermine whether this gives rise lo a malerial misstatement in the financial s18lements themselves. If. based on the work we have performed. we conclude that there is a material misslalement of this other infomalion, we are required to report that facL We have nolhing to rep¢)rt in this regard. Oplnlons on other matters prescrlbed by tho Companles Act 2006 In our opinion. based on Ihe work undertaken in the cOue of our audit= the information given in the Tnjstees, Rep. which includes the tru5tees' report prepared for the PUfF(Jses of company law. for the financial year for which the financial statements are prepared is COll51slent with the financial statements. and the directors, report included within Ihe Trustees. ReFX)rt has been prepared in accordance with applicable legal requirements. Mattors on which wo are requlred to report by exception
CHRISTIANITY EXPLORED Inde endent auditors. re ort to the members of Christianit Ex lored In the light of the knowledge and understanding of Ihe charity and its enwronment obtained in the cours8 of the audit. we have not identified material misstatements in the trustees. report included with the Iruslees. repo We have nothing lo report in respect of the following matters in relation to which the Companies Act 2006 requires us lo report to you if, in our opinion- adequate and proper accounting records have not been kept, or relums adequate for our audit have I been received from branches not visited by us.. or the financial slalements are not in agreement with the accounting record5 and relums- or certain disclosures of trustees. remunerab.on specified by law are not made," or we have not received all the Informal)n arKI explanations we require for our aydil.. or the trustees were not entitled lo prepare the financial statements in accordance with the small companies regime and take advantsge of th8 small companies exemptions in Preparing the trustees, report and from the requirement io prepare a strategic reporL Rèsponslbllltles of trustees As explained more fulty in the tnJstees' responsibilities ststement. the trustees (who are also tho directors of the charitable company for the pUoSe$ of company lawl are responsible for the pfeparalion of the financial statements and for being salisfied that they gwe a true and fair view. and for such inlemal control as the trustees determine is necessary lo enable the preparation of financial stalernents that are free from material misstatement. whether due to fraud or error. In preparing the finanual statements. the Injstees are responsit4e fc assessing the charity's ability to continue a5 a going concern. disclosing. as applicable. matters relaled to going concern and using the going concern basis of accounting unless the trustees erther intend to LiquaLe the charity or to cease operations. or have no realistic alternative but to do so. Auditorfs responslblllties for Ihe audlt of the financial ststements Our obje¢ts'ves 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 audil0rf5 report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a malerial misstatement when il exists. Misstatements can arise from fraud or error and are considered material rf. individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users tsken on the basis of these financial stalements. The extent lo which our procedures are capable of detecting irregularities. including fraLEd is detailed below: Based on our underslanding of the charity. we identified that the prirKipal risks of nor¢thcompliance with laws and regulalions relaled to employment and financial reporting legislation and we considered the extent lo which non-compliance might have a malerial effect on the financial statements_ We also consklered those laws and regulations that have a direct impael on the preparats.on of the financial statements such as the ComPanS Act. We assessed the susceptibility of the chari$ financial slaternents lo malerial misslatemenl, including obtaining an understanding of how ffaud might occur. by making enquirtes of management. considering the intemal controls in place and discussion amongst the engagement team. We determined thal the principal risks were rélated to.. payments to third parties. management override of controls and presentstion of separately disck)sed r(ems. In response to the risks identified we designed procedures which included. but were not limited to= verifying payments lo third parn.es on a sample basis reviewing trustee meeting minutes evaluating the charity's intemal controbs identifying and testing joumal entries agreeing financial statefflent disdosures to underlyir¥J supporting dotsjmentation There are inherent limitations in the audit prcKedures described above. The more removed that laws and regulations are from financial transactions. the less likely it is that we would become aware of non-compliance. Material misstalemenls that arise due lo fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
CHRISTIANITY EXPLORED Inde endent auditors, re ort to the members of Christiani lored A further description of our resFX)nsibilities for the audit of the financial statements is located on the Finanelal Reporting Council's website at: htty):Ilww.frc.L¥g.uklaudilorsresFonsibilities. This description forms part of our auditorfs report. Uso of our roport This report is made solely to the charitable CoMpanS members. as a b(xJy, in accordance with Chapter 3 of Part 16 of the Companies Acl 2006 and regulations made under Ihal Act. Our audit work has been undertaken so that we might stale lo the chartlable companvs members those matters we are required to stale to them in an auditors. report and for no other purpose. To the fvllest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charilaue company. and its members as a body. for our audit work, for Ihis report, or for the opinions we have formed. Rlchard Haffondgn MA{Canlab) FCA Isonlor Statutory Audltorl for and on bèhalf of Jacob Cavenagh & Skeel ststutory Audltor Chartered Accountants 5 Robin Hood Lane Sutton Surrey SM1 2SW Dated: l... &2Z
CHRISTIANITY EXPLORED Statemént of financial activities for the year to 31 Decembgr 2022 inco oratln Income and Ex endithre Account rnMm• trom: tknalK)ns and Investments.. UK bank inteiest Chantable actiwbp5." rDyalty in[8 Ottw In¢ome". Surrender wÈmiLim on operatirs base (Xher trad3dbylbes'. Sa5 ol resQUt m•i¢rhal Totsi In¢om• YJI.951 1.85? 2.545 291.610 647.998 $0.725 90.725 26.000 793 246 ExpBndthre un: CharitabtoacliwbÈS Total expendtturn 268 rM17 123 855 423 Not lèxptrndlwr•¢fjM1 166.CO61 1128.9821 8511 4.485 69. Tr8n$fers tfy¥een funds Not mo¥•m•nl 162. 166.0561 1128982) 65.511 4.485 69.996 Total frJnd$ brought for•Ar 298 931254 Tot•1 fvndi urrl•d for•r JI ofthe results r8l*trb) Otulg athtss. Th r8ges 11 to 17f&Tm partd1hesefffiaTh)
CHRISTIANITY EXPLORED Balance Sheet at 31 December 2022 Notes 2022 202f Flxed assets Tangible assets 5.961 5.137 Curront assets Stock Debtors Cash al bank and in hand 1.241 115.605 829 181 100.380 724 035 824,415 946.027 Credltorn: amounts falling due within one year Not current assets 796 311 926 117 Total assots l•ss cuent IlabllitiOS 802 272 Funds Unrestricted funds.. 570,297 633.223 Restricted funds 10 29 Total funds carri forward Approved by the Twstees on 15 June 2023 and signed on their behalf by: Mr K Appleton Trustee Mr J Ibbett Trusteo Ch8rily number.. 1121552 Company number: 6347617 The Th)les on pages 11 to 17 form part of Ihese financial statements.
CHRISTIANITY EXPLORED Statement of cash flows for the ear to 31 December 2022 2022 2021 Cash lusgd inllprovlded by op¢rating activitios (see below) (103.989) 43,713 Interest received Payments to acquire tangible fixed assets Cash (used Inl Snvesllng activlties 2.545 13,702) 696 {6.376) (1.1571 {5.680} Net cash loutflowlllnflow (105.146) 38.033 Cash and cash equivalents at 1 January 2022 829,181 791,148 Cash and cash equivalents at 31 D•cember 2022 724.035 829,181 Cash flows from operaling activities Net lèxpenditurollincom& Interest received shown in invests'ng tMtieS Depreciation De¢reasellincrease) in debtors Increasel{decrease) ryeditors Decrease in stock (128.9821 (2,5451 2,878 15.225 8,194 1.241 (103,989) 69.996 (696) 3.080 (23.191) (6,015} 539 43.713 Cash {used Inllprovlded by opgraiing activities 10
CHRISTIANITY EXPLORED Notes to the financial statements for the ear to 31 December 2022 1 Accountlng pollcles The principal accA)unting poliues which are adopted c4)nsislently in the preparation of the financlal statements are sel out bekjw. a) Basls of accountlng The financial statements have been prepared under the Companies Act 26. the Charitie5 Act 2011 and in accordance wilh the Charities Slalemenl of Recommended Practice (Charities SORP {FRS 10211 and Financial Reporting Stsndard 102 IFRS 102}. The financial sl8temenls are dfawn up on the historical c05t basis of accounting and prepared in slerling. which is the financial currency of the charity. rounded to the nearest £. Christs'anity Explored is a private company limited by guarantee incorporated in England and Wales. The fegislered office is Basemenl Flat. 14 Harley Streel. London. W1 G 9PQ. The charity meets the definition of a public benefft entity under FRS 102. Al the lime of approving the financial statements. the Trustees have a reasonable expectatson that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the Tiuslees continue to adopt the gIn9 concern basis of accounting in preparing Ihe financial stslemenls. b) Income Voluntary income and donations (including legacies and grants) are accounted for once the charity has enlillemenl to the income. it is probable the income will be received and the amount of income receivable can be reliabty measured. c) Expenditure Expenditure is accrued as KIn a5 a liablty is considered probable. discounted lo present value for longer term liabilities. Support costs are included in chantable aCIN"eS. These represent expenditure incurred in support of the sole aclivily of the charity and include govemance costs which comprise expenditure incUed in the charity's compliance with legal and regulatory obligations. d) Tanglble Ilxed assets and depreclatlon Tangible fixed assets are included in the balance sheet at cost or al market value at the dale of the Depwialion is provided on all tsngible ffixed assets at rates calculated to write off the full cost or valuation less estimated residual value of eath asset over its estimated useful lrfe. The principal rates in use are.. Fixtures, ffftings and equipment e) Sto¢k$ 25% on cost Stock and work in progress is valued al the h)wer of cost and estimated net realisat& value. Q VAT The charity is Th)t registered for VAT and accordingly expenditure iludeS VAT where appropriate.
CHRISTIANITY EXPLORED Notes to the financial statements for the ear to 31 December 2022 l Accountlng policies {continued) g) Debtors Staff loans and other debtors are included at the setuement amount due. Prepayments are valued at the amount prepa. h) Cash and bank Cash at bank and in hand includes cash and short term highly liquid investments with a short maturlty of three months or less from the dale of opening of the deposit. l) Creditors andprovislons Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probabty result in the transfer of funds to a third paty and the amount due to sellle the obligation can be measured or estimated reliably. Credrfiors and provisions are recognised al their setttemenl amount. Flnanclal Instruments The charity onty has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised al transadion value and subsequently measured al their settlement value. k) Fund accounting Unrestricted fvnds are expendatje al the discretion of the Trustees in furtherance of the objects of the charity. Reslricled funds are funds subjecl lo speCTC trusts, which may be declared by the donor or with their authority but stsll wrthin the objects of the charity- The restricted funds relevant to Christianity Explored are restricled income funds. which are expendable at the dtscretion of the Trustees in furtherance of some parlicular aspects of the objecls of the charity- l) Forelgn currency transactions Assets and liabilities in foreign rrenCieS are translated into sterting at the rates of exchange njling al the balance sheet dale. Transactions in foreign currencies are translated into slerling al the rate ruling on the dale of the transaction. Exchange differences are taken into aw)unl in arriving al the net incomeleXpe1rtUre for the year. 12
CHRISTIANITY EXPLORED Notes to the financial statements for the ear to 31 December 2022 2 Donatlons and legacles Unreslncled Reslncted filnds nds Total 2022 Tolal 2021 Donations= Gift Mded Non Gift ded 131,394 246,048 32,864 25.100 159,576 6,275 156.494 405.624 39.139 330,330 303,332 66,736 147 600 Gift Aid recoverable Donations from trusts 548 9) 201 951 750 857 3 Expenditure on charitable activities Unrestncled Reslncled fvnds funds Total 2022 Total 2021 Direct costs Stsff costs, including social security Pension costs Resources purchased Film production Translation and Consultancy Advertising and promotion Advocales, costs Conferences and resource printing Donor relations 450.157 54.119 313 47.805 18.016 3.491 109 11.469 461.626 54.119 313 110,305 115.641 3.491 109 106.297 433.577 51,566 62.5 97.625 113.763 70.884 1.104 360 112,952 523 96,413 588 569 856 576 Support Costs offi costs: Rent and rates Insurance Light and heat Cleaning. repairs and maintenance Telephone and IT Printing. wstage and stationery Other office costs Travel Depreciation Bank charges Exchange Igainsylosses 3.797 2.973 3.797 2,973 24,782 2,980 326 622 12,731 1,272 3.849 3.724 3,080 1.213 36.782 77 4.330 4.977 2.878 632 156 36.782 77 4,330 4.977 2.878 632 156 Govemance Costs Audit fees Accountsncy fees for audrtor Legal and professional 4.860 1.636 4,860 1.636 4.620 1.068 Totsl expenditure 922 228 855 423 13
CHRISTIANITY EXPLORED Notes to the financial statements for the ear to 31 December 2022 4 Slaff numbers and costs 2022 2021 Staff co$ts.' Wages and salaries So¢1 security costs Pension costs 425,960 35,666 398.320 35.257 485 143 The average number of employees during the peric#J was 1112021: 12). There were no employees with emolufnenls above £60.000 (2021.. none). Irluded in lotal staff costs is a figure of £48.945 (2021= £43.631) paid to ChurGhes whose Staff provided services to the Company. None of the Iruslees have received any remuneration or other benefrts dur9 Ihe year. One trustee received reimbursement of travelling expenses from the charity durirvJ the year tolalling £1.90412021: £7911. No other trustees received reimbursement of expenses during the year and no expenses were paid lo third parties on behalf of the trustees. 5 Net {expenditureVincome This is stated after charging= 2022 2021 Depreciation Rent of properties Auditors, remuneration= external audit other services 2,878 3,080 13.361) 4.860 1.636 4.620 1,086 6 Tangible fixed assets Flxtures. Fittings & Equipment Cost Al 1 January 2022 Additions Disposals At 31 January 2022 15,410 3.702 11 328) Depreciation At 1 January 2022 Provision for the year Adjustments for dispx)sals Al 31 December 2022 10.273 2.878 Net book value At 31 December 2022 At 31 December 2021 14
CHRISTIANITY EXPLORED Notes to the financial statements for the ear to 31 December 2022 7 Debtors 2022 2021 Prepaid expenses and accrued income Staff loan Other debtors 389 35,000 35.000 100 380 8 Credltors: amounts falllng due wlthln one year 2022 2021 Taxaliori and social securty Accruals Deferred income 16,956 11,148 9,073 6,337 During 2020, £14.500 was receNed from Prison Fellowship International. £9.500 of this was intended for training that was put on hold due to COVID. £5,C0 was taken to income in 2021 and the final £4.500 in 2022. 9 Unrestrlcted funds Balance 81 l January 2022 Balan¢e at 31 December 2022 Income Expendifure Transfers General lund 633 223 591295 570 297 Balance 8t l January Balance at 31 L)ecember 2021 IncL>m& Expendith fransfels General fund 567 712 10 Restrlcted funds Balance at l January 2022 Income Expendilure Transfers Balance at 31 December 2022 Match fund plan Pnsons Translations Film projects 72.833 ( 27.649} 3601 (177.4981 45.184 193.948 170.341 186,791 15
CHRISTIANITY EXPLORED Notes to the financial statements for the ear to 31 December 2022 10 Restricted funds {continued) 8818nce at l January 2021 8alan¢e at 31 December 2021 Inc Expendilure Transfers Match fund plan Prisons TranslalKsns Film projects 91.598 { 18.765} 360) 1127.000) (141 0001 72,833 185,948 16 135.000 193,948 R8slri¢ted fvnds in use in the year were for the following purposes: Match Fund.. Donations towards international work received in respeci of a 2019 rnatch funding campai. PrisonS/franslstslE1Irn projects.. Grants and donations received lo support PrisonsranslatE0ns1Filrnlng operations and development expenditure respeclivety. 11 Analysls of nel assets among funds Unreslncled Reslncted funds 2022 Fund balances are represented by Tangible fixed assets Net current assets 5.961 5.961 796311 802 272 231 975 570 297 Unresfncted Reslncled fvnds fvnds 2021 Fund balances are reprv6enled by= Tangible fixed assets Net current assets 5.137 628 086 &137 926 117 12 Penslon commitments and other post4etiremenl benefits D•flned contrlbutlon $¢hom¢ The charity operates a defined contribution pensK)n scheme and ntributeS to employees, personal schemes. The assets of the schemes are held separately from Ihose of the charity in independently administered funds. The pension cost and charge represents contributions payable by the charity to the funds and amounted to £54.11912021.. £51.566). 16
CHRISTIANITY EXPLORED Notes to the financial statements for the ear to 31 December 2022 13 Related party transactlons During the year the charity had transactions with All Souls Church. Langham Place where Rev H Palmer was formedy a trustee. These were". Reimbursed staff costs paid £39,183 {2021: £38.591) Grant 01 £5.0 received12021: £5,Tr)0) During the year trustees gave a lotal of £97,095 (2021: £121.500) in unrestricted donations and £150,000 {2021'. £130.000} to Bursary and Translation fvnds. Total remuneration of key management personnel amounted to £141.351 (2021.. £108,736). 14 Flnanclal commltments The total luture minimum lease payments urKler rKJn-cancellable operating leases are'payable: Land and Buildings 2022 2021 Within one year In one to five years The operating lease charges for the year wefe.. Hire of premises The 2021 charge exdudes a premium of £26.0 received from the landlord in respect of the surrender of the lease in December 2021. 17