Charity number.. 1121552 Company number.. 6347617 CHRISTIANITY EXPLORED (A company limited by guarantee) Report and Financial Statements For the year to 31 December 2024
CHRISTIANITY EXPLORED Financial statements for the ear to 31 December 2024 Contents Pages Legal and administrative infomiation Report of the truslees Independent Auditors. report Statement of financial activities 6-8 Balance sheet 10 Cash Flow Statement Notes fomiing part of the financial statements 12-18
CHRISTIANITY EXPLORED al and administrative information Registered Charity Number: 1121552 Company Number: 6347617 Trustees Mr J McDowell (retired 14 February 20241 Revd T Archer Mr J Ibbett Mr W King Mr K Appleton Mr A Gordon Ms S Dawkins Mr N Houghton Ms R Fadipe Mr L 8rereton Company Secretary Mr l Roberts Bankers Barclays Bank plc 1 Churchill Place London E14 5HP Registered office St, Paul's Church, Robert Adam Street, London, W1U3HW Auditors Xeinadin Audil Limited 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 2024 includin ort of the directors The Trustees are pleased to present their report together with the financial statements of the charity for the year to 31 December 2024. Legal and adminislralive information set out on page 1 forms part of this report. The financial statements comply with the Memorandum of Association, the Companies Act 2006, The Charities Act 2011, the Charities Statement of Recommended Practice (Charities SORP IFRS 10211 and Financial Reporting Standard 102 (FRS 1021. Structure. Govemance and Management The charily is a company limited by guaranlee and governed by its Memorandum and Articles of Association", il was incorporated on 20th August 2007 and ComMend its activities on 191 January 2008. 11 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 power to appoint further Trustees is vested by the Articles of Association in the existing Trustees. The Trustèes met four times during the p8riod. New Trustees are briefed on their legal obligations under charity and company law, the ¢ontenl of the Memorandum and Articles, the committee and decision-making processes and other areas of importance to the charity. They meel key employees and the other Trustees. Objectives and Activities The objective, as set out in the Memorandum and Articles of Association is to advance the Christian faith in accordance with the slat6ment of beliefs incorporated within its Constitution. particularly by.. The worldwide promotion of the Christian faith according lo the Bible., The worldwide promotion and teaching of all aspects of the Gosp81 of Jasus Christ and Christian living., and The worldwide promotion of evangelism. Its major activities to achieve these objectives include lal arrange, produce, promote and assist in any way in thè arrangement, production and promotion of trainin9 courses, conferences, workshops, resource cenlres and lectures and related materials., Ibl produce, arrange, commission, procure, print, publish, distribute, give and sell Iwhether in the name of Christianity Explored" or olhemisel leaflets, books, magazines, articlès, videos, DVDS, CD roms, films, computer pro9rammes, audio visual aids, and any other multimedia or oth8r information materials relating to the Objects of the charity; Icl to contract publishers to publish and distribute resources around the world., Idl to train representatives in the UK and abroad who train others to use the resources., Achievements and Performance Major accomplishments during this period included.. The organisation made significant progress on recruitment. and on SU$S1on planning for our CEO role. We hired a new Director of Product Development lo implement a programme to refresh all of our courses on a rolling basis, as well as oversee marketing. We also hired a new Finance and Operations Manager to tske responsibility for finance, HR and IT infrastructure. In Northern Ireland we employed an Engagement Officer to reach out to churches and Christian organisations in the province. The pilot was completed of a new image-based adaptation of Christianity Explored for people who don't enjoy reading or have low literacy. The plan is lo launch the course alongside the new version of the mainstream Christianity Explored course. Afler just over a year in our temporary office we have secured a long-term Workspa which we will move into in early 2025. Working in partnership wilh Prison Fellowship International, our Discipleship Explored material was co-branded as a follow-on lo prisoners in +35 countries who complete The Prisonels Journey lan adaptation of Christianity Explored). This material will be available for use in English-speaking prisons by Summer 2025. There are thousands of prisoners who could grow in Iheir failh as a result of this opportunity.
CHRISTIANITY EXPLORED Report of the trustees for the year to 31 December 2024 includin Re rt of the directors In Autumn 2024, Turkish translations of Christ12nity Explored resources were successfully launched. A local ministry has agreed to host the resources, and we continue to seek ways to support and train pastors as they begin lo use the malerial. A strategic partnership introducing our Portuguese resources into a Brazilian-based pastors training ministry was developed during the year. Pregue a Palavra is currently present in 6 countries (Brazil, Portugal, Angola, Mozambique, Venezuela and USA), running 90+ groups and reaching 2,000+ pastors. We continue to support our Arabic ministry partners seNing pastors and Christians in the MENA region. Financial Review In the period under review, the charity had nel income of £327,17812023'. £146,243), ofwhich nat income of £335,147 related to restriGted funds12023.' £8,913). The net funds carried forward al 31 December 2024 amounted to unrestricted funds of £699,658 12023.. £707,627} and restricted funds of £576,035 12023. £240,888). The prlmary reason for the surplus during the year was due to a high amounl in 9rants received, which is due lo cover planned expenditure spanning 2023 to 2025. Going concem The Trustees considar that there are no material uncertainties relating to whether thè charity can continue as going concern. Investment policy Under the Memorandum and Articles ofAssociation the charity hasthe powerto invest in any waythe Truste8S think fit. The charity has made such investments to generate a return and has made no social investments. Reserves poliGy The Charity has moderate reserves built up from previous surpluses. These are held for the following reasons.. Primarily to undèrwrite years where Coue5 are filmed and released which can more than double our annual expenditure., To fund working capital and non-current assets., To covar three lo six months of core expenditure to insulate against Ihe volatility of income. Risks The charity has a risk management policy and a risk register ratified by the Board which reflects major risks prevailing and systems and procedures designed to manage them. Risks are classified under 5 headings.. governance, operational, financial, external, and compliance. Whilst a regular r6vièw is conducted on all, none are deemed to be significantly high al this moment in time. Fundraising The charity raises funds through liaison, promotion and correspondence Within its own neOrkS and currently uses no third parties. No complaints were received during the year. PubliG benefit The Trustees confirm that Ihey have had due regard to tha guidanc6 issued by the Charity Commission wilh respect to the public benefit when planning their activities for the year. Christianily Explored exists to provide educational and apologetic material lo explain the Christian faith to Ihe general public. As noted below this is very often free, or heavily subsidised and there is a particular focus on developing countries where users ability to pay is very often absent or severely constrained. Resources produced by the Charity are determined by Ministerial considerations rather than commercial. Video resources, in particular, are hugely subsidised trom donations, and returns from royalties fall well short of covering costs. The website and app for those wanting lo investigate Christianity pnor lo coming on a course are also made available free of charge. Furthermore the network of regional training available is entirely free. Christianity Explored was formally published in 2012 and Discipleship Explored in 2014. Minimal royalties are received from sales. A partnership with Prison Fellowship was agreed in 2014 whereby Christianity Explored forms the heart ofa programme called"The Prisoners Joumey" Since The Prisoner's Journey@was launched in 2014, 1,531,800 prisoners in 874 prisons have been invited to explore who Jesus is, why He came and what it means to follow Him through an interactive study of Mark's gospel tailored specifically for those in
CHRISTIANITY EXPLORED Report of the trustees for the year to 31 December 2024 includin Re ort of the directors prison. 8ythe end of2024, over736,676 prisoners have comploted the programme, which runs in 36 countries around the world and is available in 26 languages and dialects. Internationally, subsidies are often provided for translations of material and production runs into the developing world with little or no royalties being recèived. We believe thal something like 500,000 people a year use our series in over 140 countries worldwide. Remuneration of key management personnel The Chief Executive, lan Roberts, started the year responsible for overall management of the charity including international operations. Half way through the year he transitionèd to a Joint CEO role alongside Kay Carter, previously UK our National Director. Kay also has responsibility for day-to4ay management including product development. The pay of senior staff - lan Roberts, Kay Carter. and Rico Tice (the co-founder of Christianity Explored) is reviewed annually and normally increases in accordance with average earnings bearing in mind charities of similar size and activity. Plans for the future In the coming year we will be focusing on filming and editing the next version of our flagship Christianity Explored course, and creating the right infrastructure to market it. This will include hiring a UK National Director to focus on engagement with UK churches, and a Fundraising Diredor lo increasè our annual general fund giving as we expand the staff team. We will also be putting in place succession plans as lan Roberts {our current CEO) anticipates retirement in the coming few years, with Kay Carter stepping into the Global CEO role and lan taking responsibility for developing new global hubs across the world. In 2025, we are focussing on increasing our capacity throughout North and Latin America, as well as taking opportunities in East Asia and Africa. Trustees, responsibilities in relation to the flnancSal statements The Trustees (who are also directors for the purposes of company lawl are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requirès the Trustees lo prepare financial statements for each financial y8ar 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, including the income and expenditure, of the Gharitable company for that period. In preparing Ihese financial statements, the Trustees are requirèd to.. Select suitable accounting policies and apply them consist8nlly', observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., stsle whether applicable UK Accounting Standards have been followed, subject lo any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the charilable company will continue ils operations. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any lime 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 safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevenlion of fraud and other irregularities. Auditors A resolution will be proposed at thé Annual General Meeting that Jacob Cavenagh & Skeet bo re-appointed auditors to the charity. Disclosure of information to auditors To the knowledge and belief of the Trustees in their capacity as direclors of the company, there is no relevant information that the company's auditors are not aware of, and the Trustees have taken all the steps necessary to ensure they are aware of any relevant information, and to establish that the Gompany's auditors are aware of the information.
CHRISTIANITY EXPLORED Report of the trustees for the year to 31 December 2024 includin ort of the directors The Trustee5' Report was prepared in accordance with the special provisions relating to small companies. Approved by the Trustees on and signed on its behalf by.. Mr K Appleton Trustee Mr J Ibbett Trustee
CHRISTIANITY EXPLORED Inde endent auditors, re ort to the members of Christianit Ex lored Opinion We have audited the financial statements of Christianity Explored (the 'charity'l for the year ended 31 December 2024 which comprise the Statement of Financial Aclivilies, Ihe Balance Sheet, the Statement of Cash Flows and the notes to the financial staternenls, including a summary of significanl accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and RepubliG of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the Charitable Gharity's affairs as at 31 December 2024 and of its incoming resOUrS and application of resources for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordan with the ethical requirements that are relevant to our audit of the financial slalemenls in the UK, including the FRC'S Ethical Stsndard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going conc8rn In auditing the financial statements, we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial stslements 1$ appropriate. Based on the work we hav6 pérformed, we have not identified any material uncertainties relating to evenls or conditions that, individually or collectively, may cast significant doubt on the charity's ability lo continue as going concern for a period of at least 12 months from when the financial statements are authorised for issue. Our responsibilitiès and the rèsF)onsibililies of the trustees with respect to going concem are described in the relevant sections of this report. Other information The other information comprisés the information included in the annual report, including the trustees, report, other than the financial statements and our auditor's report thereon. The Irustees are responsible for the other information contained within the annual report. Our opinion on the financial slatemenls does not cover the other information and, except to the exlenl olhernise explicitly stated in our report, we do not express any form of assurance conclusion Ihereon. Our responsibiliiy is lo read Ihe other information and, in doing $0, Consider whether the other infomiation is matenally inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be malenally misstated. If we identify such material inconsistencies or apparent matérial misstatements, we are required to determine whether this gives rise lo a malorial misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misslatement of this other information, we are required to report Ihat fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit.. the information given in the Trustees. Report, which includes the trustees, report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial stalements,. and the directors, report included within the Trustees, Report has been prepared in accordance with applicable legal requirements.
CHRISTIANITY EXPLORED Inde endent auditors, re ort to the members of Christianit Ex lored Matters on which we are required to report by exception In the light of Ihe knowledge and understanding of the charity and ils environment oblained in the course af the audit, we have not identified material misstatements in the Irustees, report included with the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not visiled by us., or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit., or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies exernplions in preparing the Iruslees, report and from the requirement to prepare a strategic report. Responsibilities of trustees As explained more fully in the trustees. responsibilities statement, th6 trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary lo enable the preparation of financial slalements that are free from material misstatement, whether due lo fraud or arror. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continu8 as a going concern, disclosing, as applicable. matters related lo going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease opèrations, or havè no realistic alternative bul to do so. Audltorfs responsibilitles for tho audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial stat6mènts as a who16 are frèe from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS {UKI will always delect a malerial misstatement when il exists. Misslatemenls can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence th6 economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. Based on our understanding of the charity, we id8nlified that th8 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 8ffecl on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act. We assessed the susceptibility of the charity's financial statements lo material misstatement, including obtsining an understanding of how fraud might occur, by making enquiries of management, considering the internal Controls in place and discussion amongst Ihe engagement team. We dètermined that th8 principal risks were related to.. payments to third parties, management override of controls and presentation of separalely disclosed items. In response lo the risks identified we designed procedures which included, but were not limited to.. verifying payments to third parties on a sample basis reviewing trustee meeting minutes evaluating the charity's internal controls identifying and testing joumal entries agreeing financial statement disclosures to underlying supporting documentation There are inherent limitalions in the audit procedures 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 rnisslatements thal arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate COnalment or collusion.
CHRISTIANITY EXPLORED
Independent auditors’ report to the members of Christianity Explored
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely 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 state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members as a body, for our audit work, for this report, or for the opinions we have formed.
Richard Haffenden MA(Cantab) FCA (Senior Statutory Auditor) for and on behalf of Xeinadin Audit Limited Statutory Auditor 5 Robin Hood Lane Chartered Accountants Sutton Surrey SM1 2SW
2 September 2025
8
CHRISTIANITY EXPLORED Statement of financial activities for the year to 31 December 2024 incor oratin Income and Ex enditure Account Unstricted Funds Restricted Funds Unrestricted Funds Restricted Funds Notes 2024 2023 Income from: Donations and legacies Investments.. UK bank interest Charitable activities.. royalty income Other Irading activities.. Sales of resource material Total income 670.104 27.469 29.531 695,262 1,365.366 27,469 29,531 594,218 16,370 25,451 551,037 1,145,255 16,370 25,451 38 38 1 187 114 695 262 1422 366 551037 Expendlture on: Charitable activities Totsl expenditure 735 073 735 073 1 095 188 1095 188 498 747 498 747 542 124 1040 871 1 040 871 Net incomel{expenditure) (7,969) 335.147 327,178 137.330 8,913 146.243 Transfers between funds Net movement in funds (7.969) 335,147 327.178 137,330 8.913 146,243 Total funds brought forward 707 627 570 297 231975 802 272 Total funds carried forward All of the results relate to continuing activities. There were no recognised gains and losses in the year other than as stated above. The notes on pages 12 to 18 form part of these financial slaternents.
CHRISTIANITY EXPLORED Balance Sheet at 31 December 2024 Notes 2024 2023 Fixed assets Tangible assets 5,386 4,564 Current assets Debtors Cash at bank and in hand 67,108 1226 398 77,092 1,293,506 1,001,938 Creditors: amounts falling due within one year Net current assets 1270 307 943 951 Total assets less current liabilities Funds Unrestricted funds: 699.658 707,627 Restricted funds 10 Total funds carried forward The financial ststements have been prepared in accordance with the provisions applicable lo entities subject to the small companies regime. Approved by the Trustees on i I 06 LL and si9ned on their behalf by.. Mr K Appleton Trustee MrJ Ibbett Trustee Charity number.. 1121552 Company number.. 6347617 The notes on pages 12 to 18 form part of these financial statements. 10
CHRISTIANITY EXPLORED Statement of cash flows for the ear to 31 December 2024 2024 2023 Cash provided by operating activities {see below) 279,036 185.939 Interest received Payments to acquire tangible fixed assets Cash provided by investing activities 27.469 14.9531 16,370 11.4981 22,516 14,872 Net cash inflow 301,552 200,811 Cash and cash equivalents at 1 January 2024 924,846 724,035 Cash and cash equivalents at 31 December 2024 1,226,398 924,846 Cash flows from operating activities Net income Interest received shown in investing activities Depreciation Decrease in debtors (Decreasellincrease creditors Cash provided by operating actlvltles 327,178 127,469) 4,131 9,984 134.788) 279,036 146,243 {16,3701 2,895 23,288 29,883 185,939 11
CHRISTIANITY EXPLORED Notes to the financial statements for the ear to 31 December 2024 1 Accountlng policies The principal accounting policies which are adopted consistently in the preparation of the financial statements are set out below. a) Basis of accounting The financial ststgments have been prepared under the Companies Act 2006, the Charities Ad 2011 and in accordance with the Charities Slatement of Recommended Practice (Charities SORP {FRS 1021} and Financial Reporting Standard 102 {FRS 1021. The financial statements are drawn up on the historical cost basis of accounting and prepared in sterling, which is the financial currency of the charily, rounded to the nearest £. Christianity Explored is a private company limited by guarantee incorporated in England and Wales. The registered office 15 St. Paul's Church, Robert Adam Street, London, W1 U 3HW. The charity meets the definition of a public benefit entity under FRS 102. At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate résources to continue in operational éxistence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. b) Income Voluntary income and donations (including legacies and grantsl are accounted for once th8 charity has entitlement to the income, il is probable the inwme will be received and the amount of income receivable can be r81iably measured. ) Expendlture Expenditure is accrued as soon as a liability is considered probabl8, discounted to present value for longer term liabiliti6S. SupkKJrt costs are includ8d in charitable activities. These r6present expenditure incurred in support of Ihe sole activity of the charity and include governance costs which comprise expendilure incurred in the charity's compliance with legal and regulatory obligations. d) Tangible fixed assets and depreciation Tangible fixed assets are included in the balance sheel at cost or at market value at the dat8 of the gift. Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over ils estimated useful life. The principal rates in use are.. Fixtures, fittings and equipment 25.10 on cost e) VAT The charity is not registèred for VAT and accordingly expenditure includes VAT where appropriate. 12
CHRISTIANITY EXPLORED Notes to the financial statements for the ear to 31 December 2024 1 Accounting policies (contlnued) Q Debtors Staff loans and other debtors are included at the settlement amount due. Prepayments are valued at the amount prepaid. g) Cash and bank Cash at bank and in hand includes cash and short term highly liquid inveslmenls with a short maturity of three months or less from the date of opening of the deposit. h) Credltors and pmvisions Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds lo a third paty and the amount due to settle the obligation can be measured or éstimated reliably. Creditors and provisions are recognised at their settlement amount. i) Financlal instruments The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially reco9nised at transaction value and subsequently measurèd al their settlement value. J) Fund accounting Unrestricted funds are expendable at the discretion of th8 Trustees in furtherance of the objects of th8 charity. Reslricled funds are funds subjed to specific trusts, which may be declared by the donor or with their authority but still within the objects of the charity. The restricled funds relevant to Christianity Explored are restricted income funds, which are expendable at the discretion of the Trustees in furtherance of some particular aspects of the objects of the charity. k) Foreign currency transactions Assets and liabilities in foreign currencies are translated into sterling al Ihe rates of ex¢hangè ruling at the balance sheet dale. Transactions in foreign currencies are translated into sterling at the rale ruling on thè date of the transaction. Exchange differencès are taken into account in arriving at the net incomelexpenditure for the year. 13
CHRISTIANITY EXPLORED Notes to the financial statements for the ear to 31 December 2024 2 Donations and legacies Unrestricted Restricted funds funds Total 2024 Tofal 2023 Donations.. Gift Aided Non Gift Aided 166,678 265,086 44,185 194 155 70,583 206,405 15.674 402 600 69 237.261 471,491 59,859 251,560 429.926 63,769 Gift Aid recoverable Donations from trusts 65 3 Expendlture on charitable activities Unrestricted Restrict8d funds funds Total 2024 Total 2023 Direct costs Staff costs. including social security Pension costs Resources purchased Film production Translation and Consultancy Advertisin9 and promotion Advocates, costs Confer6nces and resource printing Donor relations 410,268 109,497 331 159,710 569,978 109,497 2,988 67,534 86,346 8,155 503,838 69,520 61 199,366 88,491 802 205 77,250 2,657 67,534 44,560 41,786 8,155 46,938 78,094 125,032 3859 Support Costs Office costs.. Rent and rates Insurance Cleaning, repairs and maintenanc8 Telephone and IT Printing, postage and stationery Other office costs Travel Depreciation Bank charges Exchange Igainslllosses 37,975 3,344 630 19,894 1,819 10,079 10,088 4,131 1,448 24 37,975 3,344 630 27.094 1,819 10.079 10,448 4,131 1,448 24 27,178 4,544 45 24,539 707 13,532 6,353 2,895 998 74 86 7,200 360 89 Governance Costs Audil fees Accountancy fees Legal and professional 5,560 1,912 5,560 1,912 5,000 1,493 Total expenditure 735 073 360115 1095 188 1040 871 14
CHRISTIANITY EXPLORED Notes to the financial statements for the ear to 31 December 2024 4 Staff numbers and costs 2024 2023 Staff costs.. Wages and salanes Social security costs Pension costs 530.442 39,536 109497 679 475 465,425 38,413 69 520 The average number of employees during the period was 16 {2023'. 131. The number of employees with emoluments above £60,000 was 1 {2023.' none) with emoluments in the range of £60,000 to £65,000. None of th8 trustées have received any remuneration or other benefits during the year. Two Irustees reiVed reimbursement of travellin9 expenses from the charity during the year tolalling £999 12023.. £9331. No other trustees received reimbursement of expenses during the year and no expensas were paid to third parties on behalf of the trustees. 5 Net income This is stated after charging.. 2024 2023 Depreciation Rent of properties Auditors, remuneration.. external audil other services 4,131 20,000 2,895 3,332 5.400 1,470 5,000 1,493 6 Tangible fixed assets Fixtures. Fittings & Equipment Cost Al 1 January 2024 Additions Disposals Al 31 December 2024 19,282 4,953 Depreciation At 1 January 2024 Provision for the year Adjustrnents for disposals At 31 December 2024 14,718 4,131 Net book value At 31 December 2024 At 31 December 2023 15
CHRISTIANITY EXPLORED Notes to the financial statements for the year to 31 December 2024
7 Debtors
| 7 | Debtors | |||||||
|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Prepaid expenses and accrued | income | - | 4,919 | |||||
| Other debtors | 67,108 | 72,173 | ||||||
| 67,108 | 77,092 | |||||||
| 8 | Creditors: amounts falling due within one year | |||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Taxation and social security | 11,883 | 12,754 | ||||||
| Accruals | 11,316 | 45,233 | ||||||
| 23,199 | 57,987 | |||||||
| 9 | Unrestricted funds | |||||||
| Balance at | Balance at | |||||||
| 1 January | 31 December | |||||||
| 2024 | Income | Expenditure | Transfers | 2024 | ||||
| £ | £ | £ | £ | £ |
||||
| General fund | 707,627 | 727,104 | (735,073) | - | 699,658 | |||
| Balance at | Balance at | |||||||
| 1 January | 31 December | |||||||
| 2023 | Income Expenditure | Transfers | 2023 | |||||
| £ | £ | £ | £ | £ | ||||
| General fund | 570,297 | 636,077 | (498,747) | - | 707,627 | |||
| 10 | Restricted funds | |||||||
| Balance at | Balance at | |||||||
| 1 January | 31 December | |||||||
| 2024 | Income | Expenditure | Transfers | 2024 | ||||
| £ | £ | £ | £ | £ | ||||
| Match fund plan | 26,636 | - | ( 21,346) | - | 5,290 | |||
| Prisons | - | 9,460 | ( 2,549) | - | 6,911 | |||
| Translations | 193,034 | 83,788 | ( 98,351) | - | 178,471 | |||
| Communication | 4,144 | - | ( 768) | 3,376 | ||||
| Evangelism | - | 16,050 | ( 13,707) | - | 2,343 | |||
| Film projects | 17,074 | 585,964 | (223,394) | - | 379,644 | |||
| 240,888 | 695,262 | (360,115) | - | 576,035 |
16
CHRISTIANITY EXPLORED
Notes to the financial statements for the year to 31 December 2024
10 Restricted funds (continued)
| Balance at 1 January 2023 £ Match fund plan 45,184 Prisons - Translations 181,791 Communication 5,000 Evangelism - Film projects - 231,975 |
Balance at 31 December Income Expenditure Transfers 2023 £ £ £ £ - ( 18,548) - 26,636 360 ( 360) - - 143,132 (131,889) - 193,034 - (856) 4,144 7,545 (7,545) - - 400,000 (382,926) - 17,074 551,037 (542,124) - 240,888 |
Balance at 31 December Income Expenditure Transfers 2023 £ £ £ £ - ( 18,548) - 26,636 360 ( 360) - - 143,132 (131,889) - 193,034 - (856) 4,144 7,545 (7,545) - - 400,000 (382,926) - 17,074 551,037 (542,124) - 240,888 |
|---|---|---|
240,888 |
Restricted funds in use in the year were for the following purposes:
Match Fund plan:
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:
Donations received to support the growth of our evangelism profile.
11 Analysis of net assets among funds
| Analysis of net assets among funds | |
|---|---|
| Unrestricted Restricted funds funds £ £ Fund balances are represented by: Tangible fixed assets 5,386 - Net current assets 694,272 576,035 699,658 576,035 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 |
2024 £ 5,386 1,270,307 1,275,693 2023 £ 4,564 943,951 948,515 |
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CHRISTIANITY EXPLORED Notes to the financial statements for the ear to 31 December 2024 12 Pension commitments and other post-retirement benefits Defined contribution scheme The charity operates a defined contribution pension scheme and contributes to employees, personal schemes. The assets of the schemes are held separately from those of the charity in independently administered funds. The pension cost and charge represents contributions payable by the charily to the funds and amounted to £109,49712023'. £69,520). 13 Related party transactions During the year trustees gave a total of £17,12012023. £100,510) in unrestricted donations and £13,888 (2023.. £120,000} lo Bursary and Translation funds. Total remuneration of key management personnel amounted to £250,43612023'. £177,387). 14 Flnancial commitments The total future minimum lease payments under non-cancellable operating leases are payable.. Land and Buildings 2024 2023 Within one year In one to five years 16,660 The operating lease charges for the year were.. Hire of premises 18