Charrty number.. 1121552 Company number.. 6347617 CHRISTIANITY EXPLORED (A company limited by guarantee) Report and Financial Statements For the year to 31 December 2023
CHRISTIANITY EXPLORED Financial statements for the ear to 31 December 2023 Contents Pages Legal and administrative infomiation Report of the trustees Independent Audrtors. report Statement of financial actNrties Balance sheet 10 Cash Flow Statement 11 Noles forming part of the financial statements 12-18
CHRISTIANITY EXPLORED al and administrative information Le Registered Charlty Number: 1121552 Company Number: 6347617 Trustees Revd R l Tice {retired 12 Septemt*r 2023) Mr J McDowell (retired 14 February 20241 Revd T Archer Mr J Ibbett Mrs Y Ibbett Iretsred 9th Febwary 20231 Mrw King Mr K Appleton Mr A Gordon Ms S Dawkins Mr N Houghton Ms R Fadipe Mr L Brereton (appointed 12 September 2023) Company Secretsry Mr l Roberts Bankers Barclays Bank plc 1 Churchill Place London E14 5HP Reglstered ¢)ffice Sl. Paul's Church, Robert Adam Street. London, W1U3HW Auditors Jacob Cavenagh & Skeet 5 Robin Hood Lane Sutton Surrey SM12SW Key Management Personnel The Trustees Mr l Roberts Mrs K Carter Revd R Tice
CHRISTIANITY EXPLORED Report of the trustees for the year to 31 December 2023 includin rt of the dlre¢tors The Trustees are pleased to presenl their report together with the finanaal statements of the charity for the year lo 31 December 2023. Legal and administrative infomiation set out on page 1 forms part of this report_ The financial ststements comply with the Merftorandum of Association. the Companies Act 2006. The charib.es Act 2011, the Charities Statement of Recommended Pracb"ce {Charities SORP {FRS 102}l and Finanaal Reporting Standard 102 {FRS 1021. Structure, Governancg and Management The charity is a company limited by guarantee and governed by its Memorandum and Artides ofA5soaation: il was incorporated on 20th August 2007 and commentd its activities on 1 st January 2008. It was also registered with the Charity Commission on 9th November 2007. The Trustees who served during the period are listed on page 1 of this report. The powerto appoint furtherTrustees is vested by the Articles ofAssociation in the existing Trustees. The Trustees met four times during the WKMJ. New Tnjstees are briefed on their legal otJigations under charity and company law, the content of the Memorandum and Articles, the committee and decision-making proSeS and other areas of importance to the charty. They meet key employees and the other Trustees. Ob5ectlves and Adivities The objective, as sel out in the MerTK)rarKlum and tieS of AssoTr"ation is to advance the Christian faith in accordance with the statement of beliefs incorporated within rts constituts'on. particularty by: The worldwide promotion of the Christian faith accordir¥J to the Bible". The worldwide promotion and teaching of all aspects of the Gospel of Jesus Christ and Christian living. and The worfdwide promotion of evaThJelism. Its major activities to achieve these objectNes indude lal arrange, produce. promote arKI assist in any way in the arrangement. pr(#Yuction and promotion of training courses, conferences, workshops. resour centres and leclures and related maleri81s', Ib) prcluce, arrange, mmisSion. procure, print. publish, distribute. give and se51 (whether in the name of °Chrislianty Explored" or otherwsel leaflets, b(x)ks, magazines. artides, wdeos, DVDS, CD roms, films, computer programmes, audio wsual aids. and any other multimedia or other infom)ation materials relating to the Objects of the charity- Icl to c¥)ntract publishers to publish and distritxjte resources around the wodd.. Idl to train representative5 in the UK and abroad who train Ot to use the resources: Achievements and Perfomiance Major accomplishments during this period induded.. •De0Yrnent of a new website for the organisation. wf(h clearer infomiation atul our resources. the ability to distn.bute digital resources directly. abilty for logged-in visrtors to control their own conl8Ct permission5, and an updated CMS to meet our evolving needs. •Successful launch of an innovative new evangelistic resou for teens. Suitable for 11-18s to reflect the changing nature of yOLrth groups, Vox was well recewed by youth workers and young people alike. This was our first"integraled' series. whereby everylhing needed to run the course is included in the film itself and can be downloaded from our website for free. Our successful marketing campaign saw 5,000 young people asS the course in the first few weeks of launch. •After a period of working from home and in co-workirrfJ 5P8ces. in 2023 the UK team settled in a new office space which has had a positsve impact on productimty. •Expansion of our partnership with Prison Fellowship Intemaltonal to provide Disrypleship Explored materials as a follow-up course f The Prisonerfs J(yJmey. Over 70% of prisoners who complete TPJ desire to continue lo a discipleship course. The programme is in a pilot phase in three counth'es.. Au51r81ia, Czech Republic and Uganda. •Completion of 8 Cantonese dubbing of the Christianity Explored course vKleos by our partner the Far East Broadcasting Company in response to the recent wave of migration from Hong Kong to the UK.
CHRISTIANITY EXPLORED Report of the trustees for the year to 31 December 2023 includln Re rt of the directors A team of Cantonese speaking volunteers from the UK have worked lo complete the translated books. This material is being piloted for release in Autumn 2024. •Completion of the Italian version of Christianity Explored. Esplorare il Cristianesimo, in partnership wtth Edizioni GBU. New translations are underway in Croab"an, Japanese, Mandarin. Portuguese IEuropeanl and Slovenian. •Crealion of a What is christian1. video telling the story of Jesus from the Bible. This minute video is beautifully illuslraled and is now available in 12 languages. wtth Arabic, Turkish. and Portuguese (Brazilian) versions coming Sn. Flnancial Revlew In the peri(xJ under review. the charty had net income of £146,243 {2022". net expenditure of £128,982). of which nel income of £8.913 related to restricted funds {2022'. nel expenditure of £66,056). The nei funds rried forward al 31 Decernr 2023 amounted to unrestricted ftjnds of £707.627 (2022.. £570,297) and restricted ftjnds of £240.88812022.. £231.9751. The primary reason for the surplus during the year was due to a high amount in grants received. which is due to cover planned expenditure spanning 2023 to 2025. Going concem The Trustees consider that there are no material uncertainties relating to whether the charrty can continue as a going con(Em. Investmentpolicy Under the Memorandum and Articles ofA55watson the thallty has the powerto invest in any way the Trustees think fit. The charity has made such investments to generate a retum and has made no social investments. Reseryes policy The Charity has moderate reserves built up from prewous surpluses. These are held for the following reasons.. Primarily to undewite years where cwrses are filmed and released which can rrKire than d(MJble our annual expendrture., To fund working capitsl and nof)-uJrrent assets.. To cover three lo six months of core expendrture to insulate against the volatilty of inu)me. Risks The charity has a risk management pdicy and a risk register rattfied by the Board which reflects major risks prevailing and systems and procedures designed to manage them. Risk5 are dassified under 5 headings.. governance, operatsonal, financial, external. and compliance. Whilst a regular review is conducted on all. none are deemed lo be significantty high at this rrK)ment in time. Fundraising The charity raises funds through IlsOn. prornotion and corresFM1nden within its ovffl netrrks and cuentlY uses no third pae$_ No complaints were received during the year. Public benefit The Trustees confirTn that they have had due regard to the guidance issued by the Charity Commission with respect to the public benefrt when planning their acliviltes for the year. Christianity Explored exists to provide educational and apologetic material lo explain the Christian faith to the general public. As noted below this is very often free, or heavily subsidised and Ihere is a partwlar focus on developing countries where users ability to pay is very often absent or severely nStraIn. Resources produced by the Charrty are determined 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 2nd app for those wanting to investale Christianity priorto coming on a course are also made available free of charge. FurthemK*e network of regh)nal training available is entirely free. Prison work also continues to grow. Christianity Explored was formally published in 2012 and Discipleship Explored in 2014. Minimal royalties are received from sales. A partnership wrth Prison Fellowship was agreed in 2014 whereby Christianity Explored form5 the heart of a programme called"The Prisoners Journey". Since The Prisoner's Journe was launched in 2014. 1,531.800 pnsoners in 874 prÈsons have been invited lo explore who Jesus is. why He came and whal it means to follow Him through an interactive study of Mark's
CHRISTIANITY EXPLORED Report of the trustees for the year to 31 December 2023 includin Re rt of the directors gospel tailored specrfically for those in prison. By the end of 2023, over 736,676 prisoners have completed the programme, which runs in 36 countn.es around the wodd and is available in 26 languages and dialects. Intemationally, subsidies are often prOVed fortranslations of material and production runs into the developing world with little or no royalties being r1ved. We believe Ihat something like 500,CNJO people a year use our series in over 140 countn'es worfdM'de. Remunerabon of key managemerptpersonnel The Chief Executive, lan Roberts. is responsible for over811 management of the chaty including international operations. In the UK our Nabonal Director, Kay Carter, has responsibility for day-to-day management including product development. The pay of senior stsff is reviewed annually and nornally increases in accordance with average eamings bearing in mind Charities of similar size and activity. Rico T1, the cofounder of Christianity Expk*ed, mved from being a trustee to an employee in September 2023. Plans lor the future In the coming year we will focus on completing Ihe $rpts for the next version of our flagship Christianity Explored course, and making the necessary preparations to begin filming. We are also in development on a brand new tx)urse with the working lrtle of Christianity Explored Illustrated, which is based on our currenl Christranty Explored course but adapted to be nN)re accessible to visual leamers and those who struggle with reading text. In lem)s of organisational development we will f(uS improving financial systems and automation of a number of prosseS that are OjrrenY done manually. To resource these changes we plan to hire a new Director of PrOdt Development and a new Finance and Operations Manager. As Christianity Explored develops globally we continue efforts lo build a network of regional teams to support growth. In 2024, we are focussing on inueasing our capacty throughout North and Latin America, as well as taking opportunities in East Asia and Africa. Trustees. responslbillties In relation to the finan¢lal statements The Trustees (who are also directors for the purp05e5 of company lawl are responsible for preparing the Trustees, Report and the finanaal statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting PractiiEI. Company law requires the Trustees to prepare financial stslements for each financial year which gwe a true and fair view of the stale of affairs of the charrtaiAe company and of the incoming resources and application of resources, including the income and expenditure. of the charitable company for that peri(xJ. In preparing these financial ststements. the Tnjstees are required to.. Select suitable accounting policies and apply them consislenly- observe the methods and principles in the Charities SORP- m8ke judgements and estimates that are reasonable and prudent- slate whether applicable UK Accounbng Standards have been folbwed, subject to any materi81 departures disclosed and explained in the finanal statements., prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the charitable company will conb.nue its operatsons. The Trustees are responsible for keeping proper acwunkn.ng reu)rds which disdose with reasonable accuracy at any lime the financial position of the charitable Ix)mpany arvj enable them to ensure that the financial statements comply with the Companies Act 2006. They are also resFX)nsible for safeguarding the assets of the charitsble company and hence for taking reasonable steps for the prevention of fraud and other irregularities. Auditors A resolution will be proposed at the Annual Geral Meeting that Jab Cavenagh & Skeet be re-appointed audrtors to the charity- Disclosure of inforn)ation to auditors To the knowledge and belief of the Trustees in their capacity as directors of the company. Ihere is no relevant infomialion that the company's auditors are not aware of. and Ihe Trustees have taken all the steps neSSary to ensure they are aware of any relevant inf0mts0n. and to estsblish thal the company s auditors are aware of the information.
CHRISTIANITY EXPLORED Report of the trustees for the year to 31 December 2023 includin Re ort of the d1CtOrS The TTUStees' Report was prepared in accordanc* with Ihe special provisions rdating to small companies. Approved by the Trustees (J and svJned its beha by: Mr K Appleton Trustee Mr J Ibbett Trnstee
CHRISTIANITY EXPLORED Inde endent auditors, re ort to the members of Christiani lored Opinion We have auLfited the financial stalerTwts of Christianty Explored Ithe'thartyl forthe year ended 31 December 2023 which comprise the Slalemerrt of Finanual Activities, Balan Sheet. the Statement of Cash Flows and the notes to the financial statements, including a summary of signifi(3nt accounting policies. The financial repK)rting framework that has been apPld in their preparats"l is 8pplicabk law and United ngdoM Accounting Standards, including Financial Rewrbng Standard 102 The Financial Reporting Standard applAcable in the UK and Republic of Ireland Iunited Kingltjm Generally Accepted AcccNJntiThJ PraCts.). In our opinion the finanaal stslements- give a true and fair view of the stste of the charitable charity's affairs as at 31 Dmber 2023 and of its incL)ming resou$ and appltI of res(r¢e$ for the year then ended.. have been propedy prepared in aCcX•rdan vAth United kn"rydom Generally Accepted Accounting Pra¢tice", and have been prepared in aCa)rdan rwuirements ofthe Conn)anies Act 2c. Basis for opinion We conducted cAJr audit in accordan wrth International Standards on Audiling IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are ftjrther described in the Audttorfs reswnsibilitses for the audrt of the financial ststements Secti of our report. We are independent of the charttable company in accordan with the ethical requirements that are relevant to our audit of the financbal statements in the UK, including the FRC'S Ethical Standard, and we have fitlfill our other ethi131 reg)onsibilities in accordan with these requtremenls. We believe thatthe audit evjenCe we have obtained i8 suffKientand appropriate lo provide a basis for our opini. Conclu$ions r¢latlng to going ¢on¢¢m In auditing the financial statefflents. we have oL)nduded Ihal the trustees, use of the gcxng COnM basis of accounting in the preparats.on of the financial statements is appropnate. Based on the work we have performed. we have not idenltfied any material uncertainties relating to events or conditions that, individually or collectively, may cast sKJnificant doubt on the d)arty's abilty to continue as going concem for a period of at least 12 months from when the fin8naal ststements are authoriwj for i8sue. Our SponSibl1111es and the respSibIlibeS of Ihe trustees th resF*Ct to going conwn are desLMbed in the relevant secbons of this rep(Yt. Other information The other infomiation CcpriSes the infomiatiC induded Ni the annual report, induding 1he trustees, report, other than the financial statements and our aUdiS report thereon. The trustees are respK)nsible for the other infomiation wntsined withtn the annual report. Our opinion the financial statements does not cL)verthe other infomiation and. except to the extent otheNise explicrfy ststed in our report, we do not express any fom) of assurance ¢(dUS1on thern. Our reSpsibIlitY is to read the other infomatk)n and, in dcxng so, consider whether the other inforniation is materially inconsislenl wth the financial ststemenls our kno%edge obtsined in the ccAJrse of the audit, or olherwse appears to be materially misstaleil. If we identrfy such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misststement in the financial statements themselves. If, based on the work we have performed. condude that there is a material misstatement of this other inf0m1atic. we are wuired to report that fact. We have nothing to report in Ihis regard. Opinions on other matters pres¢fib•d by the C<¥npanies Act 21)06 In our opinion. based on the work undertaken in the course of our aud the inforniation given in the Trustees. ReFQrt. which indudes the trustees. rep(Yt Ppared for the purposes of company law, for the financxal year for which the finarrial statements are prepared is consistent with the financial ststemerfs.. and the directors. report included within the Trustees. Rep(xt has been prepared in aCrdance with applicable legal TlfeMents.
CHRISTIANITY EXPLORED endent auditors, re ort to the members of Christiani Inde lored Matters on which are required to report by exception In the light of the kno%edge and understanding of ltte charity and its environment obtained in the course of the audit, we have not identified material misstatemenls in the trustees, report included with the trustees. report. We have nothing to report in respect of the followiro matters in relation to whh the Companies Act 2006 requires us to report to you rf. in our opinion.. adequate and proper accounting records have nol been kept, or rernS adequate for our audit have not been leived from branches not visited by us.. or the financial statements are rK)t in agreement with the ac(x)unting records and retums., or certain disclosures of trustees. remuneration Spear by law are not made.. or we have not received all the infomation and explanations we require for our audit., or the trustees were not ented to prepa the financial statements in accordan with the small companies regime and take advantage of the small compallies exemptr.ons in preparing the trustees, reFX)rt and from the requirement to prepare a strategic report. Responsibilities of trustees As explained more fully in the trustees, responsibilities statemenl. the trustees {who are also the directors of the charitable company for the purposes of company lawl are resFX)nsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal C4)ntrol as the trustees determine is necessary to enable the preparabon of finanoal ststements that are free from material misstatement. whether due to fraud cff error. In preparing the financial statements, the trustees are resty)nsible for assessing the charity's ability to continue as a going concem, disclosing. as applicable, matters related lo going concern and using the going concern basis of accounting unless the trustees either intend to IiquKlate the chaty or to cease operations, or have no realistic attemative bLrt to do so. Auditorfs responsibilitles for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial stslements as a whole are free from material misstatement. whether due to fraud or error, and to issue an auditorfs report that indudes our opinion. Reasonable assurantE is a high level of assurance, bLrt is not a guarantee that an audit conducted in accordance with ISAS (UK} will always detect a material misstatemenl when il exists. Misstatements can arise from fraud or errof and are (x)nsidered Material rf, individually or in the aggregate. they could reasonably be expected to inlluence the economic decisions of users tsken on the basis of these financkgl statements. The extent to which our procedures are capable of delectiThJ irregulanties. induding fraud is detailed below.. Based on our understanding of the drity, we idenbfied that the principal risks of non-compliance with laws and regulations related lo employment and financial reporting legislation and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered Ihose laws and regulations that have a dired impact on the preparation of the financial ststerrEnts such as the Companies Act. We assessed the SuSpIlbilty of the charivs finanual statements to material misstatemenl. including obtaining an understanding of how fraud might occur. by making enquiries of management, Lxsnsidering the intemal controls in place and discussion amongst the engagement team. We determined that the pri1paI risks were related to.. Payments to third parties. management override of controls and presentstion of separately disdosed items. In response to the risks identified we designed procedures which induded, were not limrted to" verifying payments to third parties on a sample basis reviewing tnjstee meeting minutes evaluating the charity's intemal c4)ntrols identifying and testing joumal entries agreeing financial statement disdosures to underfying sup[Ing docxjmentation There are inherent limitations in the audit pr(edureS described above. The more removed that laws and regulations are from financial transactions, the less likety it is that we would become aware of non-compliance. Material misstatements that arise due to fraud can be harder to delect than those that arise from eOr as they may involve deliberate concealment or o)IlusKfyn.
CHRISTIANITY EXPLORED Inde endent auditors, re ort to the members of Christiani Ex lored A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. http'./A.frc.0rg.UkJaudilQrSre$POnsIbl1r1Ies. This description forms part of our auditor's report. Use of our report This report Is made solety to the charitable company's members. as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and regulations made under that Act. Our audit work has been undertaken so that we might slate lo the charitable company's members those matters we are required lo stale to them in an auditors. report and for no other purpose. To the fullest extent pemiitted by law. we do not accept or assume responsibility lo anyone other than the charitable company and its members as a body, for our audit work, for this report, or for the opinions we have formed. Rlchard Haffènden MAICanLgbl FCA (Senlor Statutory Audltor) for and on behalf of Ja¢ob Cavènagh & Skoèt Statutory Audltor Chartered Accountant8 S Robin Hood Lane Sutton Surrey SM1 2SW 10 July 2024
CHRISTIANITY EXPLORED Statement of financial activities for the year to 31 December 2023 Incor oratin Income and Ex enditure Account Unreslricled Funds Restricted Funds Unrestricted Funds Reslricled Funds Notes 2023 2022 Incomo from.. Donations and legacies Investments.. UK bank interest Charitable activities.. royalty income Other Iraeing activities.. Sales of resource malertal Total Income 594,218 16,370 25,451 551,037 1,145.255 16,370 25,451 548.906 2,545 39,796 201,951 750,857 2,545 39,796 Expendlture on: Charitable activities Tot81 oxpondltur• Net Incomellèxpendlture} 137,330 8,913 146,243 162.9261 186,0561 1128,9821 Transfers befv4een ftjnds Not movement In fund8 137,330 8,913 146,243 162,9261 166,0561 1128,9821 Total funds brought forrtard 22 Total funds carrled fopHard All of the results relate to continuing adivilies. There were no recognised gains and losses in the year other than as slated above. The notes on pages 12 to 18 form part of these financial slatemenls.
CHRISTIANITY EXPLORED Balance Sheet at 31 December 2023 Notes 2023 2022 Fixed assets Tangible assets 4.564 5.961 Current assets Debtors Cash at bank and in hand 77.092 100,380 724 1.1)01.938 824,415 Creditors: amounts falling due within year 104 Net current assets Total assets less current liabilities Funds Unrestricted fijnds.. 707.627 570,297 Restricted funds 10 231 975 Totsl funds carried forward The financial statements have been prepared in aCurdar wth the provIsn$ applicable to entities subject to the small companies regime. Approved by the Trustees on 13 and syned their behalf by.. Mr K Appleton Trustee Mr J Ibbett Trustee Chartty number. 1121552 Company number.. 6347617 The notes on pages 12 10 18 form part of these financial ststements. 10
CHRISTIANITY EXPLORED Statement of cash flows for the ear to 31 December 2023 2023 2022 Cash provided byllused In) operating activities (see below) 185,939 (103.989} Interest received Payments to acquire tangible fixed assets Cash provided byllused inl investing activltles 16.370 (1,4981 2,545 (3,702) 14.872 {1.157} Net cash infiowl(ouffiow) 200,811 {105.1461 Cash and cash equivalents at 1 January 2023 724.035 829,181 Cash and equlvalenls at 31 DKamber 2023 924,846 724,035 Cash flows from operatlng adiviiies Nel incomellexpenditurel Interest received shown in investing ath"vrties Depreciation Decreasellincreasel in debtors Increaselldecreasel credrtors Decrease in stock Cash provided byllused Inl operating actlvltles 146,243 (16.370) 2.895 23.288 29.883 1128.982} 12.545) 2,878 15,225 8,194 1,241 1103.989} 185,939 11
CHRISTIANITY EXPLORED Notes to the financial statements for the ear to 31 December 2023 1 Accounting policies The principal accountrng pjlicies which are acknpted ISIstentIY in the preparation of the financial statements are set oul below. a) Basis of aecountlng The financial statements have been prepared under the Companies Act 2006. the Charities Act 2011 and in ac(x)rdance wrth the Charities Statement of Recommended Practice (Charities SORP IFRS 10211 and Financial RepO.g Stsndard 102 IFRS 1021. The financial statements are drawn up on the historical (x)st bas of accounting a1 prepared in slerting. which is the fin8ncial currency of the charity, rounded lo the nearest £. Chnstianty Explored is a private company limited by guarantee in)rpOrated in England and Wales. The registered Offi is St. Paul's Church, Robert Adam Street, London, W1 U 3HW. The charity meets the definition of a public benefrt entty under FRS 102. At the of approving the financkal statements. Ihe Trustees have a reasonable expectation that the charity has adequate reSoUS lo continue in operational existence for the foreseeable future. Thus the Trustees o)ntinue to adopt the going c£)ncem basis of accounting in preparing the financial statements. b} Income Voluntsry income and donations {including legacFes and grants) are accounted for On the charity has entitlement to the income. il is probable the in(X) wll be received and the arrK)unt of InMe receivable Can ts reliably measured. c) Expendlture Expenditure is accrued as scKfyn as a liabilty is considered probable. discounted to present value for longer lerni liabilrties. SupFKrt costs are induded In charrtable aCtsVrtS. These represent expenditure incurred in support of the sole activtty of the chanty and indude govemance cx)sts which comprise expenditure incurred in the chanty's compliance wrth legal and regulatory OblatiOnS. d) Tangible red assets and depreciation Tangible fixed assets are induded in the balance sheet at Ix)st or at market value at the date of the gift. Depreciation is provided on all tsngible fixed assets at rates calculated to rite off the full st or valuation less estimated residual value of each asset over ils estimated useftjl life. The principal rates in use are.. Fixtures, fitb'ngs and ]Uipment 25Y• on cost e) Stocks Stock and work in progress is valued at the lower of cost and estimated net realisable value. fj VAT The charity is not registered for VAT and aingty expenditure indudes VAT where appropriate. 12
CHRISTIANITY EXPLORED Notes to the financial statements for the ear to 31 December 2023 1 Accounting policies (continued) g) Debto Staff loans and other debtors are induded al the settlement arn1 due. Prepayments are valued at the amount prepaid. h) Cash and bank Cash at bank and in hand includes cash and short term highly liquid inveslments with 8 short maturity of three months or less from the date of opening of the depostt. 4 Creditors andpmvisions Creditors and provisions are re(x)gnised where the charity has a present obligation arising from a past evenl that will probably result in the transfer of funds to a third paty and the amount due lo settle the obligation c8n measured (x eslimaled rdiably. Creditors and provis]nS are recognised at their sewement annL J) Flnanclal Instruments The charity onty has financial assets and liabililies of a kind that qualfy as basic financial instruments. Basic financial instruments are initially recognised at transaCtn value and sub5equenUy measured at their settlement value. k) Fund accountlng Unrestrict1 funds are exFendable at the discretion of the Tnjstees in furtherance of the objecls of the charity. Restricted funds are funds subject to specific trusts, which may be declared by the donor or with their authority but still within the object5 of the charity. The restricted funds relevant to Christianity Explored are restricted income funds, which are expendable at the discretion of the Trustees in furtherance of some partioJlar aspects of the objects of the charity. l) Foreign ¢uffency transacilons Assets and liabilities in foreign currencies are translaled into sterling at the rates of exchange ruling at the balance sheet date. Transactions in fOren currencies are translated into sterting at the rale ruling on the dale of the transacts"on. Exchange differences are taken into account in a1VIng 8t the net incomelexpenditure fLY the year. 13
CHRISTIANITY EXPLORED
Notes to the financial statements for the year to 31 December 2023
2 Donations and legacies
| Unrestricted Restricted funds funds £ £ Donations: Gift Aided 145,822 105,738 Non Gift Aided 261,061 168,865 Gift Aid recoverable 37,335 26,434 Donations from trusts 150,000 250,000 594,218 551,037 |
Total Total 2023 2022 £ £ 251,560 156,494 429,926 405,624 63,769 39,139 400,000 149,600 1,145,255 750,857 |
|---|---|
3 Expenditure on charitable activities
| Unrestricted Restricted funds funds £ £ Direct costs Staff costs, including social security 319,859 183,979 Pension costs 69,520 - Resources purchased 61 - Film production - 199,366 Translation and Consultancy 10,119 78,372 Advertising and promotion 802 - Advocates’ costs 205 - Conferences and resource printing 8,803 68,447 Donor relations 5,671 - 415,040 530,164 Support Costs Office costs: Rent and rates 27,178 - Insurance 4,544 - Cleaning, repairs and maintenance 45 - Telephone and IT 12,939 11,600 Printing, postage and stationery 707 - Other office costs 13,532 - Travel 5,993 360 Depreciation 2,895 - Bank charges 998 - Exchange (gains)/losses 74 - 68,905 11,960 Governance Costs Audit fees 5,000 - Accountancy fees for auditor 1,493 - Legal and professional 8,309 - 14,802 - Total expenditure 498,747 542,124 |
Total Total 2023 2022 £ £ 503,838 461,626 69,520 54,119 61 313 199,366 110,305 88,491 115,641 802 3,491 205 109 77,250 106,297 5,671 4,675 945,204 856,576 27,178 3,797 4,544 2,973 45 - 24,539 36,782 707 77 13,532 4,330 6,353 4,977 2,895 2,878 998 632 74 (156) 80,865 56,290 5,000 4,860 1,493 1,636 8,309 2,866 14,802 9,362 1,040,871 922,228 |
|---|---|
14
CHRISTIANITY EXPLORED Notes to the financial statements for the year to 31 December 2023
4 Staff numbers and costs
| Staff costs: Wages and salaries Social security costs Pension costs |
2023 2022 £ £ 465,425 425,960 38,413 35,666 69,520 54,119 573,358 515,745 |
|---|---|
The average number of employees during the period was 13 (2022: 11).
There were no employees with emoluments above £60,000 (2022: none).
Included in total staff costs is a figure of £34,008 (2022: £48,945) paid to Churches whose staff provided services to the Company.
None of the trustees have received any remuneration or other benefits during the year. Four trustees received reimbursement of travelling expenses from the charity during the year totalling £933 (2022: £1,904). No other trustees received reimbursement of expenses during the year and no expenses were paid to third parties on behalf of the trustees.
5 Net income/(expenditure)
This is stated after charging:
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Depreciation | 2,895 | 2,878 | |
| Rent | of properties | 3,332 | - |
| Auditors' remuneration: | |||
| - | external audit | 5,000 | 4,860 |
| - | other services | 1,493 | 1,636 |
6 Tangible fixed assets
| Tangible fixed assets | |
|---|---|
| Fixtures, | |
| Fittings & | |
| Equipment | |
| £ | |
| Cost | |
| At 1 January 2023 | 17,784 |
| Additions | 1,498 |
| Disposals | - |
| At 31 January 2023 | 19,282 |
| Depreciation | |
| At 1 January 2023 | 11,823 |
| Provision for the year | 2,895 |
| Adjustments for disposals | - |
| At 31 December 2023 | 14,718 |
| Net book value | |
| At 31 December 2023 | 4,564 |
| At 31 December 2022 | 5,961 |
15
CHRISTIANITY EXPLORED Notes to the financial statements for the year to 31 December 2023
7 Debtors
| 7 | Debtors | ||||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| £ | £ | ||||||
| Prepaid expenses and accrued | income | 4,919 | - | ||||
| Staff loan | - | 35,000 | |||||
| Other debtors | 72,173 | 65,380 | |||||
| 77,092 | 100,380 | ||||||
| 8 | Creditors: amounts falling due within one year | ||||||
| 2023 | 2022 | ||||||
| £ | £ | ||||||
| Taxation and social security | 12,754 | 16,956 | |||||
| Accruals | 45,233 | 11,148 | |||||
| 57,987 | 28,104 | ||||||
| 9 | Unrestricted funds | ||||||
| Balance at | Balance at | ||||||
| 1 January | 31 December | ||||||
| 2023 | Income | Expenditure | Transfers | 2023 | |||
| £ | £ | £ | £ | £ |
|||
| General fund | 570,297 | 636,077 | (498,747) | - | 707,627 | ||
| Balance at | Balance at | ||||||
| 1 January | 31 December | ||||||
| 2022 | Income Expenditure | Transfers | 2022 | ||||
| £ | £ | £ | £ | £ | |||
| General fund | 633,223 | 591,295 | (654,221) | - | 570,297 | ||
| 10 | Restricted funds | ||||||
| Balance at | Balance at | ||||||
| 1 January | 31 December | ||||||
| 2023 | Income | Expenditure | Transfers | 2023 | |||
| £ | £ | £ | £ | £ | |||
| Match fund plan | 45,184 | - | ( 18,548) | - | 26,636 | ||
| Prisons | - | 360 | ( 360) | - | - | ||
| Translations | 181,791 | 143,132 | (131,889) | - | 193,034 | ||
| Communication | 5,000 | - | (856) | 4,144 | |||
| Evangelism | - | 7,545 | (7,545) | - | - | ||
| Film projects | - | 400,000 | (382,926) | - | 17,074 | ||
| 231,975 | 551,037 | (542,124) | - | 240,888 |
16
CHRISTIANITY EXPLORED
Notes to the financial statements for the year to 31 December 2023
10 Restricted funds (continued)
| Balance at 1 January 2022 £ Match fund plan 72,833 Prisons - Translations 193,948 Communication - Evangelism - Film projects 31,250 298,031 |
Balance at 31 December Income Expenditure Transfers 2022 £ £ £ £ - ( 27,649) - 45,184 360 ( 360) - - 165,341 (177,498) - 181,791 5,000 (-) - 5,000 - (-) - - 31,250 ( 62,500) - - 201,951 (268,007) - 231,975 |
|---|---|
Restricted funds in use in the year were for the following purposes:
Match Fund:
Donations towards international work received in respect of a 2019 match funding campaign.
Prisons /Translations/Film projects:
Grants and donations received to support Prisons/Translations/Filming operations and development expenditure respectively.
Communications:
A restricted donation received to fund networking and training opportunities for communications professionals from Christian organisations.
Evangelism:
During the year founder Rico Tice joined us as an employee to increase our evangelism profile and people are giving to support this area of the ministry.
11 Analysis of net assets among funds
| Unrestricted Restricted funds funds £ £ Fund balances are represented by: Tangible fixed assets 4,564 - Net current assets 703,063 240,888 707,627 240,888 Unrestricted Restricted funds funds £ £ Fund balances are represented by: Tangible fixed assets 5,961 - Net current assets 564,336 231,975 570,297 231,975 |
2023 £ 4,564 943,951 948,515 2022 £ 5,961 796,311 802,272 |
|---|---|
17
CHRISTIANITY EXPLORED Notes to the financial statements for the ear to 31 December 2023 12 Pension commitments and other post-retirement benefits Defined contribution schgrne The charity operates a defined contn'bLrtion pension sdieme aThY contributes to employees. I[50nal schemes. The assets of the schemes are held separately from those of the charity in independentty administered funds. The pension cost and charge represents contribulions payable by the charity to the funds and amounted to £69,52012022: £54.1191. 13 Related party transactions During the year trustees gave a total of £100,51012022'. £97.095) in unrestricted donabons and £120,000 12022.. £150,000) to Bursary and Translation funds. Totsl remuneration of key management personnel arrounted to £177.387 {2022'. £141.351). 14 Financial commitments The total future minimum lease payments under non<ance118ble operating leases are payable: Land and Buildlngs 2023 2022 Within one year In one to five years 16.660 The operating lease charge5 fi)r the year were: Hire of premises 18