Seventh-day Adventist Assoclation Limlted
Company No.. 89953
Reglstered Charity No IEn8land and Wale51'. 209780
Registered Charity No1Scotlandl: SC041242
REPORT AND ACCOUNTS FOR THE YEAR ENDED
31 DECEMBER 2021

Seventh-day Adventist Association Ltd
Company Informatlon
For tho year 6ndod 31 December 2021
Tru•t•••
I Sweeney
R Jackson
E Osas
J Surridg&
E Ramharack$lngh
S Thomas
K Thom88
E Wllliarn8
E Bran
ICh8imanl
Company S•cr•tsry
S Okelo
B•nk•r•
HSBC, 17 High street, WaNord WD172DS
8ollcltor•
Anthony Collln8 LLP, 134 Edmund Stra8t, Blmilnghem BR3 2ES
Sydney Mitchell. Chatto¢k Hou88, Shod8y, Sollhull, B90 30N
Audltor
Moore Klngston Smlth LLP, 4 Vl¢lorfa Square. Sl Alban8, AL13TF
R•gl•t•rnd Ollt
8UC Offlca. St8nborouoh Part(, Watford W025 9JZ
P890 1

Seventh-day Adventist Association Ltd
Trustees, and Directors, Annual Report
For the year ended 31 December 2021
The Trustees (who are also directors of the Charlty for the purposes of the Companies Act) submlt thelr
annual report and the financial statement of the Seventh-day Adventist Associotion Limited (the
Company) for the year ended 31 December 2020. The Trustees confirm that the annual report and
financial statement of the company comply with current statutory requlrements, the requirements of
the Company's 8overninB document and the provisions of the Statement of Recommended Practice:
Accounting and Reportin8 by Charitles preparinÈ their accounts in accordance with the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS1021, the Charities Act
2011 and applicable regulations.
Structurei governance and management
Con5tltutlon
The company is constltuted under a Memorandum of Association dated 24 August 2006 and Is a
registered charity (number 2097801.
The princlple object of the Company is to provide support for the diffusln8 of ￿11810￿5 and moral
instruction, in accordance with the philosophy of the Seventh-day Advent15t Church.
The company acts as Trustee Corporatlon for the various administrative entities and local con8re8atrons
of 5eventh-day Adventist, holding title to their land ond buildin85. These assets are shown in the
flnancial statements of the relevant entities and so omitted from these financial statements,
There have been no changes in the oblectives since the last annual report.
Method of Appolntment or Electlon of Dlrectors
The Management of the Company is the responsibility of the Directors who are elected annualty by the
executlve committee of the Brltish Union Conference of Seventh-day Adventists.
Organls4tlonal Structure and Declslon Maklng
The Company acts in accorijante with the operating policies of the Brltish Union Conference of Seventh-
day Adventists. It is governed by its Board of Directors, whith meets at least four times a year.
Related Party Relatlonshlp5
The company ha5 relationship5 Wlth the followin8 constituent bodies of the Seventh-day Adventlst
Church in Britain..
British Union Conference of Seventh-day Adventist- its parent body
South England Conference of Seventh-day AdventlSt, North England Conference of seVent￿day
AdventlStS
Seventh-day Adventist Trust Company Ltd, the subsidiary, acts as executor of the wills of deceased
member5 of local congregations of the Seventh-day Adventist Church in Britain.
Page 2

Seventh-day Adventist Association Ltd
Trustees. and Directors, Annual Report (continued)
For the year ended 31 December 2021
Objectives, Artivltle5 and Publ1< Benefft
The Tru51ee5 confirm that they have complied with the duty in section 5.17 of the Charltles Art 2011 to
have due regard to the Charity Commission's general guidance on public benefit.
Policles and obJertlves
The objective of the Company Is to support the activities of the parent and its assoclated charities.
Actlvltles for achieving oblectlves
The Company holds title to the land and bullding owned by the associated charities and
administers the puichase and sale of these properties. The Company also administer5 the estates of
members of the Seventh-day Adventlst church and disburses legacies falling due to the denomination.
Grant Makln8 Pollcles
Legacies are granted to a55oclated charities in accordance with the expre55ed wishe5 of the donors, or, If
nonspecific, In attordance with the geographical regions in whlch the donors were living.
Achlevement and performance
Revlew of Actlvltles
The Company continued to art 05 the trustee property holdSn8 body for the Seventh-day Adventlst
Church In the United Kingdom. In addition to custody of deeds and attending to queries raised, the
followin8 contracts were signed..
Purchase of Propertles
Former Williams Preyer Centre Edmonton 6 Hounslow
2. Rugby Land Lying on the side of Bow fell, Brownsover
3. Hays wood Retreat INorth Runctonl - PL¢rchase of 22 Acres.
Sale of Propertle$
l. Former Hyland House School
2. 11 Cuckoo Hall Lane Edmonton N9 8DH
3. Stoke on Trent Parcel of Land ST4 6HX
4. Stoke on Trent Church buildin8 ST4 6EG
Due dlligence on renovatlons/Ccntracts
HSBC Loan Tottenham West Green Road
North Runcton Final pha5el Completion
Tottenham West Green Road- Ongoing
London Ghana HSBC Loan Phase 2, Youth Hall/Nursery
Fulham Church 259 Lillie Road 7LL Refurbishment Rose cottage- Coniston Hovse Rebuild.
Edwnonton Loan
Page 3

Seventh-day Adventist Association Ltd
Trustees, and Dirertors, Annual Report (continued)
For the year ended 31 December 2021
Legal Resolutlons
The Subsidiary company succe5sfuify completed the admlnlstration of several estates and deceased
members of the Seventh-day Adventist Church.
Flnanclal revlew
Reserve5 Policy
The Directors have considered the level of reserves necessary for continuing operatlons and consider
that the minimal amount of reseNes In hand is sufflclent for that purpose. At the year end the
Charity had unrestricted reserves of £13,760.
Plans for Future Perlods
The Company plans to continue Its actlvltles as the trustee property holdin8 body for the Seventh-
day Adventlst Church Sn the United Kln8dom for the forthcomlng future.
Funds held as custodlan
The Company acts as property holding trustee for associated charitles, and acts in accordance wlth
the wlshes of these charltle5.
Rlsk mltlgatlon
The Company's directors have given conslderation to the malor r15k5 to whlch the charlty Is exposed
and established systems or procedure5 in order to mana8e those rlsks.
Page 4

Seventh-day Adventist Association Ltd
Statement of Trustees, Responsibilltles
For the year ended 31 December 2021
The tfllstees (who are also directors of Seventh4ay Adventlst Association Limited for the purposes
of company lawl are responsible for p￿paring the Trustees. Report and the flnanclal statement5 in
accordance with applicable law and United Kingdom Accountln8 Standards IUnSted Klngdom
Generally Accepted Accounting Practice.) includln8 FR5102 Yhe Flnanclal Reportlng Standard
applyln8 In the UK and Republic of Ireland.
Company law requires the trustees to prepare flnancial statements for each financlal year which 8lve
a true and falr vlew of the State of the affairs of the charitable company and of the incoming
resources and application of resources, includin8 the income and expendlture, of the charltable
company for that period. In preparing these financlal statements. the trustees are required to..
5ele¢t suitable accountin8 policies and then apply them conslstentlv,.
ObSe￿e the methods and princlples in the Charities SORP,.
make lud8ements and estimates that are reasonable and prudent:
State whether applicable UK Accountin8 Standards have been followed, sublecl to any material
departures dlsclosed and explained In the financial statements,.
prepare the flnancial statement5 on the going concern ba515 unless It Is Inapproprlate to presume
thal the charitable company wlll continue in business.
The trustees are responslble for keeping proper accountlng records that dlsc105e wlth reasonable
accuracy at any Ilme the financial posltion of the charitable company and enable them to ensure
that the flnanclal statements comply wlth the Companles Act 2iJ)6 and the Charltles and Trustee
Investment Iscoilandl Act 21J)5 and the Charities Accounts (Scotlandl Re8ulatlons 2CK)6 la5
amended).
They are a150 responsible for safeguarding the assets of the charitable company and hence for taklng
reasonable steps for the prevention and detection of fraud and other Irre8ularltle5.
Approved by the Trustees and Dlrectors of Seventh-day Adventlst Assoclatlon Llmlted and
5i8ned on thelr behalf bv:
J Surrldge
Date.. 1210912022
Page 5

Independent Auditorfs Report
to the Members of Seventh-day Adventist Association Llmlted
For the year ended 31 December 2021
Oplnion
We have audited the finan¢lal statements of the Sevenlh4ay Adventist Association Limlted I'the
t￿MpanY') for the year ended 31 t)ecember 2021 whi¢h comprise the S181emenl of Financial
Activilies. the Balance Sheet and notes lo the flnancial slalemenls. including 8ignificanl accounting
policies. The financial reporllng framework that has been applied in thelr preparation is applicable law
and United Kingdom Accounting Siandards. including FRS 102 'The Financial Reporting Standard
Applicable in the UK and Republic of Ireland, (United Kingdom Genefally Accepted Accounling
Pradlce).
In our oimnion the financbal statements..
' give a true and fair view of the slate of the charitable company's affalrs as al 31 December 2021 and
of Ils incoming resources and application of resources. including ils in¢ome and expenditure, for the
ye8r then ended.,
.have been properly preparod in ac¢ordan¢e vthh United Kingdom Generally Attepled Acc4)unling
Pracbce.. and
.have been prepared in accordance wlth th8 requlremenls of the Companles 2Crt)6.
Basi8 for opinion
We conducted our audit in accwdance with Intemalional Standards on Auditing {UKI IISAS (UK)) and
applicable law. Our responsibilities under those $18ndard5 are furlhef described In the Auditor's
Responsibililles for the audit of the lin8nci81 statements $ection of our report. We are independent of
the charilable company in aw)rdance with the elhi¢81 Tequiremenls Ihal are relevant lo our audit of
the flnancial slalemenls in Ihg UK, includlng the FRC'S Ethical Standard, and we have fulfilled our
other elhical responsibililles in accordance with these requiremenls. We believe that the audit
evidence we have obtained is 8uffi¢ient and appropriate lo provide a basi8 for our opinlon.
Con¢lu8ions rnlallng lo going o)n¢ern
In audlling the financlal stalemenl8, we have concluded Ihal the Iru8lea$' use of the golng concern
basis of a¢counling in the preparalion of the financial stalemenls is appropriate.
Based on the work we have performed, we have not idenllfled any mBlerial uncertainties relating to
events or Condit￿nS that, individually or collectively, may cast significant doubl on the charitable
company's ability lo continue as a going concern for a period of al least twelve rnonlhs from when Ihe
flnancial slalemenls are aulhorised for issue.
Our responsibilities and the rnspon8lbllilies of the truste88 wllh ffj8pe¢l to going concern are
de$¢ribèd In the relevant secllons of this report,
Other information
The olher informatlon compdses the informalion included In the annual rep)rt, other than the financlal
Stalernenls and our auditor's reFM)rt Ihereon. The trustees are responsible lor the other inlormalion
)nlained wtlhin the annual report. Our opinion on the financial slalemenls does not covef the olh6r
Information and, except lo the exlenl otherwise explicitly slaled in our report, we do not express any
form of assurance conclusion Ihereon.
Our responsibillty 1510 read the other information and, in doing so, consider whether the other
irrformalion 15 materially inconsislenl with the financi31 slalemenls or our knowledge obtained in the
course of the audit or otherwise appears to be materially mi551ated. If we Idenlify such material
inconsistencies or apparent material misslalemenls, we are required lo d818rmine whether there is
material misslalemenl in the financial stalemenls themselves. If, based on the work we have
performed, we conclude that there 18 a material misstalement of Ihis other inf¢xmalion. we are
required lo report that fact.
Pa8e 6

Independent Auditorfs Report
to the Members of Seventh-day Adventlst Association Limited
For the year ended 31 December 2021
We have nothing lo report in this ￿gard.
Opinions on other mallers prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
.th¢ Information given in the trustees, annual report for the financial year for whlch the flnancial
statements are prepared is consislenl with the fi￿ar￿la1 stalemenls.. and
.the Iruslees, annual rèport have been prepared in accordance with applicable legal requirernenls.
Mallers on which we are reqUI￿d lo report by exception
In the light of the knowledge and understanding of the company and ils environment obiain8d in the
cour8e of the auéil, we have not Id8nlified material misslatemenls in the Iruslee$' annual rep¢)rt.
We have nothing lo report in respect of the following mallers where the Companies Act 2006 requlres
us lo roport lo you if, in our opinion..
adequate accounting reoords have not been kept, or returns adequale for our audit have not been
received from branches not visited by us,. or
.Ihe flnancial slalemenls are not in agreement wllh the accounting records and returns,. or
•cerlain disclo$ures ol Irusloes, remuneration specifled by law are not made., lorl
we have not received 811 the information and explanations we require for our audil.l orl
the Iru8lee8 were not 8nlilled lo prepare the financial slalemènls in accordance with the sniall
companies regime and lake advantage of the small companies exemption in preparing Ihe Iruslees,
annual report and from preparing a strategic report.
Responsibllllles of Iruslees
As explained more fully in the Iruslees, responsSbililies sialemenl sel out on page 5. the Iruslees {who
are also the directors of the charitable company for the Pufposes of company lawl are responslble fcf
the preparation of the financial slalemenls and for being salislied that they give a true and fair view,
and for such internal control as the Iru51ee$ determine is necessary lo enable the preparation of
financial statements that are free from material mlsslalemenl, whether due lo fiaud or error.
In preparing the financlal s18lemen15, the Iruslees are responsible for assessing the Gharilable
company's ability to continue as a going concern. disdosing, as applicable, mallers related lo going
concern and using the going concgrn basis of accounting unless the Iruslees either intend lo Ilquidale
the charitable company or lo cease operation$, or have no realSslic allernalive bul lo do so.
Auditor's Responsibilities for the audit of the financial 8lalemenl8
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole
are free from material misslalemenl, whether due to fraud or error. and lo issue an auditor's report
that includes our opinion. Reasonable assurance is a high level of assurance. bul is not a guarantee
that an audit conducted in accordance with ISAS {UKI will always delecl a material misslalemenl
when il exists. Misslalemenls can arise from fraud or error and are considered material rf, individually
or in aggregat8, they could reasonably be expected lo inflLJence the economi¢ decisions of users
taken on the basis of these financlal slalemenls.
A$ part of an audrt in accordance with ISAS IUKI we exercise professional ludgemenl and maintain
professional scepticism IhroLtgh(MJt the audrt. We 81$0.'
.Idenlify and assess the risks of material misslalemenl of the financial slalemenls. whether due lo
Iraud or error, design and perforni audit procedures ￿SponS[Ve to those risks, and obtain audit
evidence that is sufticienl and apprOpr￿le lo provide a basis for our opinion. The risk of not delecling
Page 7

Independent Auditorfs Report
to the Members of Seventh-day Adventist Association Llmited
For the year ended 31 December 2021
material misstaiemenl resulting from fraud 15 higher than for one resulting from error, as fraud may
invdve cdlusion, forgery, intentional omissions. misrepresenlalions, or the override of internal control.
.Oblaln an understanding of internal control relevant lo the audit in order lo design audit procedures
that are appropriate in the circumstances, bul not for the purposes of expressing an opinion on the
effectiveness of the charitable company's internal control.
.Evaluale the appropriateness of accounting policies used and the reasonableness of a¢counling
eslimales and related disclosure5 made by the Iruslees.
.Condude on the appropriateness of the trustees. use of the going concern basis of accounting and.
based on the audit evidence obtained, whether a material uncertainly exists related lo events or
condllions that may cast significant doubt on the charitable company's ability lo continue as a going
concern. If we conclude that a material uncertainly exists. we are rèquired lo draw allenlion in our
auditor's report lo tho related disclosures in the financial sl8lemenls or, if such disclosures are
in8(Jequale, lo modify our opinion. Our conclusions are based on the audil evidence obtained up lo
lh8 dale of our auditor's report. However, future events or ¢ondilion5 may cause the ¢hari18ble
company lo cease lo conllnue as a going concern.
.Evaluate the overall presenlallon. structure and conlenl of the financial stalemenls, including th8
disclosures. and whelhor the financial statements represenl the underfying lrans8clion8 and events in
a manner that achieves fair presentation.
We communicato with those ¢h3rged with governance regardlng. among other mallers. the planned
scope and liming of the audit and significant audil findings, including any slgnificanl defkiencies in
Internal control that we identify during our audit.
Explanation as lo what exlenl the audit was consldered capable of delecling irregularities, Induding
fraud
Irregul2rilies, including fraud, are instanc&s of non-compliance wilh laws and regulation8. We design
prO￿dureS in line with our re8ponsibllilies, outlined above, lo ¢Jelecl material misslalemenls In
re$￿cl of irregularities. ir￿lUding fraLJd. The exlenl lo which our procedures are capable of delecllng
irregularities, including fraud 1$ dolalled below.
The objectives of our audit in respect of fraud, are., lo identify and assess the risks of material
misstalemenl of the flnanci81 slalemenls due lo fraud., lo oblaln sufficlenl appropriate audit evidence
regarding the assesseii risks of material missl8lemenl due lo fraud, through designing and
Implementing appropriate rosponses lo those assessed risks,. and lo respond appropri8lely lo
instances of fraud or suspected fraud identified during the audit. However, the prlrnary responsibility
for the prevention and detection of fravd rests with both management and those charged with
governance of the charitable company.
Our approach was as lollows..
.We obtained an underslandlng of the legal and regulatory requirements applicable lo the charitable
company and considered that the most significant are Ilhe Companies Act 2006, the Charities Act
2011, the Charity SORP. and UK financial reporting standards as issue(I by the Financial Reporting
Councill
.We obtained an underslanding of how the charitable company complies with these requirements by
discu5s1on5 With managen7enl and those charged with govemance.
Page 8

Independent Auditor's Report
to the Members of Seventh-day Adventist Associatlon Limlted
For the year ended 31 December 2021
.We assessed the risk of material misstalemenl of the financial stalemenls. including the risk of
material misstalemenl due lo fraud and how il might oexur, by holding discussions with management
and those charged with governance.
.We inquired of man8gom8nl and those charged with governance a8 lo any known instances of non
¢ompliance or suspected noll-compliance with laws and regulations.
.Basod on this understanding. we designed specifi¢ approprlale 8udil procedures lo identify instances
of non-compliance with laws and regulations. This include¢J making enqulries of management and
those charged with governan¢e and obtsining additional ¢orroboraliv6 evidence as required.
There are inherent limitations in the audit procedures describod above. We are less likeli lo become
aware of Instances of non-compliance with laws and regulations th81 are not closely related lo events
and transactions reflected in the flnancial statements. Also. the risk of not delecling a material
mi531alernenl due lo fraud is higher than the r15k of not delecling one resulting from error, as Iraud
may involve deliberate concealment by, for example, forgery or Intentional misrepresenlalion$. or
through collusion.
Use of our report
Thls report is mado solely lo th& ¢hari18ble company's members, as a body, in accordance with
Chapter 3 of Part 16 of the Companies Act 2006, Our audit work has been undertaken $0 that we
might slate lo the company's member8 those mallers we are reoulred lo slate lo them in an auditor's
rvwrl drid l¢)r Iiu ullier purposts. Tu Ilie fullest exlenl permlllad by law, we do not aceepl or assume
responsibility lo any party other than the charitable company an(J charitable company's member8 as
body, for our audit work. for Ihls report, or for the oplnions we have formed.
/LLOL
IDatel
26.09.2022
Silvia Vlllello (Senior Slalulory Audilorl
for and on behalf of Moore King31on Smith LLP, Stalulory Auditor
4 Victoria Square
Sl Albans
Herts
AL1 3TF
Page 9

Seventh-day Adventist Association Ltd
Statemant of Financial Activities
For th• year ended 31 December 2021
Unrestrlcted
Fund¥
Restrlct•d
Fund8
Total
2021
Total
2020
In¢omo and Expendlturo
Not08
Incom• and ondowm•nts from
Donations and legacie8
Investment in¢orne
Other
Total Incomlng Resour¢
31.000
31.000
141,403
9,347
9,347
9,347
40.347
678
142,084
31,000
Expandltur• on
Grants made
Others
Total Rg•ouro•• Expend•d
31.000
31,000
160,576
18
160,594
31,000
31,005
Not (Outgolng)I In¢omlng Rosourc
9,342
9,342
118,5101
Transfers between funds
N•t Movemenl In Funds
9,342
9,342
118,5101
Fund balanGe8 brought forward
4,418
4,418
22,928
Fund bal8n¢es carried forward
13,760
13,760
4,418
There were no recogni88d gains and losses other than those included in the 818lemenl of financial aclwi(188.
Page 10

## **Seventh-day Adventist Association Ltd** 

## **Balance Sheet at 31 December 2021** 

|Notes<br>**Fixed Assets**<br>Investments<br>6<br>**Current Assets**<br>Debtors<br>7<br>Cash at bank and in hand<br>Creditors: Amounts falling due<br>within one year<br>**Net Current Assets**<br>**Net Assets**<br>**Funds**<br>Unrestricted<br>Restricted<br>8|**2021**<br>**2020**<br>£<br>£<br>100<br>100<br>100<br>100<br>4,863<br>2,613<br>16,966<br>9,488<br>21,829<br>12,101<br>8,169<br>8,169<br>13,660<br>13,760<br>13,760<br>13,760<br>7,783<br>7,783<br>4,318<br>4,418<br>4,418<br>4,418|
|---|---|



These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 

Approved and authorised for issue by the Board of Trustees on: 12/09/2022 and signed on its behalf by: 


J Surridge 

Company number 89953 

The notes on pages 12 to 14 form part of these accounts. 

Page 11 



Seventh-day Adventist Association Limited
Notes to the Accounts
for the year ended 31 December 2021
l. Accountinu Policles Bas1$ of preparatSon
The accounts have been prepaied under the historical cost convention, in accordance with the Financial
Reporting Standard applicable in the UK and Republlc of Irelantl IFRS 1021. The company is a publi
benefit entity for the purposes of FRS 102 and a iegistered charity establlshed as a company limited bv
guarantee and therefore has also prepared tts financial statements in accordance with the Statement of
Recommended Practlce applicable to charities preparing their accounts in accordance with the Financial
Reporting standard applScable in the UK and Republic of Ireland (The FRS 102 Charities SORPI. the
Companies Act 2006 and Charities Act 2011.
Goln8 Concern
The Trustees have also consldered the impact of the Coronavirus and measures taken in the UK. The
charity has sufficient cash and reserve5 at the time of approval of these financlal statements. Having
made enquirle5, the trustee5 have concluded that there is a reasonable expectation that the charity ha5
adequate resourtes to continue In operational exSstence for at least 12 months from the date of the
Independent examlners, report of these financlal statements. The charlty therefore contlnue5 to adopt
the going concern basis in preparing Its financial statements.
Basls of consolldatlon
The financial statements, being the statements of a small entitV* do not consolidate the financial
statements of Seventh-day Adventist Trust Company Limited. as permitted by section 415A of the
Companies Act 2006.
Company status
The charity is a company Ilmited by Buarantee. The members of the company are the trustees named on
pa8e l. In the event of the charity bein8 wound up, the Ilability in respect of the guarantee Is limited to
El per member of the charity.
Incomlng resources
Voluntary income by way of donatlons and 8ifts to the charltable company is included in full In the
statement of flnancial actlvities when received. Intan8ible income Is not Included unless It represent5
800ds or services which would have otherwise been purchased.
Legacies are monitored from the time of notification to their final receipt. They are only included in the
financlal statements when there Is sufficient evidence that the legacy will be received, and the value can
be measured with sufflcient reliabillty.
Fund accountlng
Restricted funds ire those which are to be used for the specified purpose5 as laid down by the donor.
Expenditure which meets these criteria is allocated to the appropriate fund.
Unrestricted funds are donations and other income received or 8enerated for the furtherance of the
objects of the charitable company without Specified purposes and, therefore. are available as Eeneral
Page 12

Seventh-day Adventist Association Limited
Notes to the Accounts
for the year ended 31 December 2021
Grant-making pollcie5
The trustees allocate grants in accordance with the objects set out in the Memorandum and Artlcles of
Association of the charitable company, which are summarised In the Trustees, Annual Report.
Resources expended. Staff costs and overhead expenses are allocated to activities on the basis of time
spent on those activities. Resources expended are included in the Statement of Financlal Activities on an
accrual's basis.
Governance c05t5 are those incurred in connection with admlnistration of the charltable company and
compliance with constitutlonal and statutory requirements.
All costs include value added tax where applicable.
Rlsk mltl8atlon
The charitable company's dlrectors have 8lven conslderation to the major risks to which the charity Is
exposed and have established systems or procedures Sn order to manage those rlsks.
Page 13

Seventh4lay Advontist Association Ltd
Notès to the Accounts
For thg year ended 31 Dgcgmber 2021
Z Donatlons and L•gacle•
Unre•tricted
Funds
R•Jtrfctad
Funds
Totsl
2021
Tot•1
202Q
Legad85
31,rM]o
31,rxio
31,QOO
31.000
141.403
141,403
3. Gr•nt• m•d•
Gran16 to Seventh•ay Adventist durfrvJ th• p￿0d As follo￿..
Unrn*trlct•d
Fund•
R•Jtrlct•d
Fund¥
Totsl
2021
Total
2020
9rfJgh Unlon CoThffjrence Schoo16
Adv8nt15108vdopmant and Agency
North England Ccnfer8nce and Churchg
South Ewl&rn1 Confer•ncs and Churc￿5
Other Grant•
8,OJO
36,381
11x1,190
31.ODO
31.CQJ
16.QJO
Tol•l Grants
31.000
31.000
160.577
4. Total R••ourcM EXP￿ded
Unrn•trlct•d
Fund•
R•Btrl¢t•d
Fund•
Tot•1
2021
Totjl
2020
Granls programme
Support of b¢01 ¢ongregatlon$
Tot•1 Exp•ndltur•
31,000
31,000
180,577
18
160,595
31.000
31.000
lfyjepvThJ￿I ExBrnln8rf8 ￿unerallOn ll bom• by edi8h Unlon PA•nforence
S. Staff CoBtI
The 8VW8ge number of employeos during th8 yeBf w80 NIL12020- NIL)
No InJ•tw$ r8cdv•d rémunération or exp8n&e5 durlng th8 year
6. Flxéd A•••t In￿*trnInI•
The Inv851menl h8hl by the chad¢abl¢ company ¢on61sts ol a 1W% owi&J 8ub61dLqry compony, Sevenih Oay
Ad¥8nllsl Trd&t Company Llmlted ffth Is hekl Bt wst
The Sovonth-day Adven1151 Trust Comp8ny Limilad prlndp818dlvlty Is to acl as oxgculrff ol the blllB of mgmber8
of affilktod lotsl congroa8￿0￿3 cf S8venth4ayA(Jvenlsts.
Relev8nl finandal infomation regarding the S8venth-d8y A(fvenli8t Trust Comp8ny Ltd18 a8 follows..
Totsl
2021
To¢•1
2020
Tum0¥8r
Admlnlslration expw8es
Ngt profitrloss after ta¥alon
14,538
18,0841
Aggrtyale ¢apital aTxJ re5eFves
6,416
6,416
Page 14

Soventh-day Adventist Association Ltd
Notes to tha Accounts
For the year ended 31 December 2021
7. Dobtor•
Totsl
2021
Total
2020
Du8 from Bub8idiary undertakir¥J
2.613
4,863
2.613
8. Cr•dltor•: Amount• falllng du• wlthln on•
Due lo parent charity
Loan from b8nefa¢tor
Other Cre(illor8
8.212
6,069
968
8,169
725
7,783
Page 15

Seventh-day Adventist Association Ltd
Notes to Ihe Accounts
For the year ended 31 December 2021
•.Anwly•l• of fvnd•
8•14rbc• •t MoverrKnt
J•nts￿ 1•t
Ineomln
R•8our¢
TMnAfer
Outgolng b•￿ttn lund•
anco at
D•c•mb•r3111
2021
ReSidcted funds
31.¢))O
131,0001
Genernl fL*)Y8
4.418
9.347
13.760
4.418
40.347
31.005
13.780
10. Tol•l lund•
Tothl
Fund•
Fund•
Fundl
In¥e4knonts
1Q)
13.e80
13.160
13,860
13.760
11. Conimlllng Party
Thè por•￿¢￿•￿ty iu lh8 Bdlish thon Confer•nc• ol Sa4*nih-dayAdwJnti¥1s. byvlrtw of ExeryJlive Cornmiiiae's po￿110 •pp¢inl
Ihe dlracior8 of th? compgny. T￿ cha￿ty numbefed 1044071 IJ re9lBI?rgd In England and il has th8 follow￿n9 18gi8iertd offlco 4ddroM.'
Sovenih-day Ad￿nI1$1 ChuFch Hvodqu8rtor8. s￿nbo1￿￿ P•rk. W*tlord, W025 gJZ. Enqlllnd. Th8 charl1¥8 Pufpose and
b"vlll•s Involve ￿￿dIn@ p•¢pl¢ Inio a pei8w•l r•l•l1onshlp￿th Jèaus Chrtil. A copyol th•lr I￿V￿nI￿ can bo oblalnod from lh• Charty
Comm[o￿OnI w•b81W.
Page 16

Seventh-day Adventist Assoclation Limlted
Company No.. 89953
Reglstered Charity No IEn8land and Wale51'. 209780
Registered Charity No1Scotlandl: SC041242
REPORT AND ACCOUNTS FOR THE YEAR ENDED
31 DECEMBER 2021

Seventh-day Adventist Association Ltd
Company Informatlon
For tho year 6ndod 31 December 2021
Tru•t•••
I Sweeney
R Jackson
E Osas
J Surridg&
E Ramharack$lngh
S Thomas
K Thom88
E Wllliarn8
E Bran
ICh8imanl
Company S•cr•tsry
S Okelo
B•nk•r•
HSBC, 17 High street, WaNord WD172DS
8ollcltor•
Anthony Collln8 LLP, 134 Edmund Stra8t, Blmilnghem BR3 2ES
Sydney Mitchell. Chatto¢k Hou88, Shod8y, Sollhull, B90 30N
Audltor
Moore Klngston Smlth LLP, 4 Vl¢lorfa Square. Sl Alban8, AL13TF
R•gl•t•rnd Ollt
8UC Offlca. St8nborouoh Part(, Watford W025 9JZ
P890 1

Seventh-day Adventist Association Ltd
Trustees, and Directors, Annual Report
For the year ended 31 December 2021
The Trustees (who are also directors of the Charlty for the purposes of the Companies Act) submlt thelr
annual report and the financial statement of the Seventh-day Adventist Associotion Limited (the
Company) for the year ended 31 December 2020. The Trustees confirm that the annual report and
financial statement of the company comply with current statutory requlrements, the requirements of
the Company's 8overninB document and the provisions of the Statement of Recommended Practice:
Accounting and Reportin8 by Charitles preparinÈ their accounts in accordance with the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS1021, the Charities Act
2011 and applicable regulations.
Structurei governance and management
Con5tltutlon
The company is constltuted under a Memorandum of Association dated 24 August 2006 and Is a
registered charity (number 2097801.
The princlple object of the Company is to provide support for the diffusln8 of ￿11810￿5 and moral
instruction, in accordance with the philosophy of the Seventh-day Advent15t Church.
The company acts as Trustee Corporatlon for the various administrative entities and local con8re8atrons
of 5eventh-day Adventist, holding title to their land ond buildin85. These assets are shown in the
flnancial statements of the relevant entities and so omitted from these financial statements,
There have been no changes in the oblectives since the last annual report.
Method of Appolntment or Electlon of Dlrectors
The Management of the Company is the responsibility of the Directors who are elected annualty by the
executlve committee of the Brltish Union Conference of Seventh-day Adventists.
Organls4tlonal Structure and Declslon Maklng
The Company acts in accorijante with the operating policies of the Brltish Union Conference of Seventh-
day Adventists. It is governed by its Board of Directors, whith meets at least four times a year.
Related Party Relatlonshlp5
The company ha5 relationship5 Wlth the followin8 constituent bodies of the Seventh-day Adventlst
Church in Britain..
British Union Conference of Seventh-day Adventist- its parent body
South England Conference of Seventh-day AdventlSt, North England Conference of seVent￿day
AdventlStS
Seventh-day Adventist Trust Company Ltd, the subsidiary, acts as executor of the wills of deceased
member5 of local congregations of the Seventh-day Adventist Church in Britain.
Page 2

Seventh-day Adventist Association Ltd
Trustees. and Directors, Annual Report (continued)
For the year ended 31 December 2021
Objectives, Artivltle5 and Publ1< Benefft
The Tru51ee5 confirm that they have complied with the duty in section 5.17 of the Charltles Art 2011 to
have due regard to the Charity Commission's general guidance on public benefit.
Policles and obJertlves
The objective of the Company Is to support the activities of the parent and its assoclated charities.
Actlvltles for achieving oblectlves
The Company holds title to the land and bullding owned by the associated charities and
administers the puichase and sale of these properties. The Company also administer5 the estates of
members of the Seventh-day Adventlst church and disburses legacies falling due to the denomination.
Grant Makln8 Pollcles
Legacies are granted to a55oclated charities in accordance with the expre55ed wishe5 of the donors, or, If
nonspecific, In attordance with the geographical regions in whlch the donors were living.
Achlevement and performance
Revlew of Actlvltles
The Company continued to art 05 the trustee property holdSn8 body for the Seventh-day Adventlst
Church In the United Kingdom. In addition to custody of deeds and attending to queries raised, the
followin8 contracts were signed..
Purchase of Propertles
Former Williams Preyer Centre Edmonton 6 Hounslow
2. Rugby Land Lying on the side of Bow fell, Brownsover
3. Hays wood Retreat INorth Runctonl - PL¢rchase of 22 Acres.
Sale of Propertle$
l. Former Hyland House School
2. 11 Cuckoo Hall Lane Edmonton N9 8DH
3. Stoke on Trent Parcel of Land ST4 6HX
4. Stoke on Trent Church buildin8 ST4 6EG
Due dlligence on renovatlons/Ccntracts
HSBC Loan Tottenham West Green Road
North Runcton Final pha5el Completion
Tottenham West Green Road- Ongoing
London Ghana HSBC Loan Phase 2, Youth Hall/Nursery
Fulham Church 259 Lillie Road 7LL Refurbishment Rose cottage- Coniston Hovse Rebuild.
Edwnonton Loan
Page 3

Seventh-day Adventist Association Ltd
Trustees, and Dirertors, Annual Report (continued)
For the year ended 31 December 2021
Legal Resolutlons
The Subsidiary company succe5sfuify completed the admlnlstration of several estates and deceased
members of the Seventh-day Adventist Church.
Flnanclal revlew
Reserve5 Policy
The Directors have considered the level of reserves necessary for continuing operatlons and consider
that the minimal amount of reseNes In hand is sufflclent for that purpose. At the year end the
Charity had unrestricted reserves of £13,760.
Plans for Future Perlods
The Company plans to continue Its actlvltles as the trustee property holdin8 body for the Seventh-
day Adventlst Church Sn the United Kln8dom for the forthcomlng future.
Funds held as custodlan
The Company acts as property holding trustee for associated charitles, and acts in accordance wlth
the wlshes of these charltle5.
Rlsk mltlgatlon
The Company's directors have given conslderation to the malor r15k5 to whlch the charlty Is exposed
and established systems or procedure5 in order to mana8e those rlsks.
Page 4

Seventh-day Adventist Association Ltd
Statement of Trustees, Responsibilltles
For the year ended 31 December 2021
The tfllstees (who are also directors of Seventh4ay Adventlst Association Limited for the purposes
of company lawl are responsible for p￿paring the Trustees. Report and the flnanclal statement5 in
accordance with applicable law and United Kingdom Accountln8 Standards IUnSted Klngdom
Generally Accepted Accounting Practice.) includln8 FR5102 Yhe Flnanclal Reportlng Standard
applyln8 In the UK and Republic of Ireland.
Company law requires the trustees to prepare flnancial statements for each financlal year which 8lve
a true and falr vlew of the State of the affairs of the charitable company and of the incoming
resources and application of resources, includin8 the income and expendlture, of the charltable
company for that period. In preparing these financlal statements. the trustees are required to..
5ele¢t suitable accountin8 policies and then apply them conslstentlv,.
ObSe￿e the methods and princlples in the Charities SORP,.
make lud8ements and estimates that are reasonable and prudent:
State whether applicable UK Accountin8 Standards have been followed, sublecl to any material
departures dlsclosed and explained In the financial statements,.
prepare the flnancial statement5 on the going concern ba515 unless It Is Inapproprlate to presume
thal the charitable company wlll continue in business.
The trustees are responslble for keeping proper accountlng records that dlsc105e wlth reasonable
accuracy at any Ilme the financial posltion of the charitable company and enable them to ensure
that the flnanclal statements comply wlth the Companles Act 2iJ)6 and the Charltles and Trustee
Investment Iscoilandl Act 21J)5 and the Charities Accounts (Scotlandl Re8ulatlons 2CK)6 la5
amended).
They are a150 responsible for safeguarding the assets of the charitable company and hence for taklng
reasonable steps for the prevention and detection of fraud and other Irre8ularltle5.
Approved by the Trustees and Dlrectors of Seventh-day Adventlst Assoclatlon Llmlted and
5i8ned on thelr behalf bv:
J Surrldge
Date.. 1210912022
Page 5

Independent Auditorfs Report
to the Members of Seventh-day Adventist Association Llmlted
For the year ended 31 December 2021
Oplnion
We have audited the finan¢lal statements of the Sevenlh4ay Adventist Association Limlted I'the
t￿MpanY') for the year ended 31 t)ecember 2021 whi¢h comprise the S181emenl of Financial
Activilies. the Balance Sheet and notes lo the flnancial slalemenls. including 8ignificanl accounting
policies. The financial reporllng framework that has been applied in thelr preparation is applicable law
and United Kingdom Accounting Siandards. including FRS 102 'The Financial Reporting Standard
Applicable in the UK and Republic of Ireland, (United Kingdom Genefally Accepted Accounling
Pradlce).
In our oimnion the financbal statements..
' give a true and fair view of the slate of the charitable company's affalrs as al 31 December 2021 and
of Ils incoming resources and application of resources. including ils in¢ome and expenditure, for the
ye8r then ended.,
.have been properly preparod in ac¢ordan¢e vthh United Kingdom Generally Attepled Acc4)unling
Pracbce.. and
.have been prepared in accordance wlth th8 requlremenls of the Companles 2Crt)6.
Basi8 for opinion
We conducted our audit in accwdance with Intemalional Standards on Auditing {UKI IISAS (UK)) and
applicable law. Our responsibilities under those $18ndard5 are furlhef described In the Auditor's
Responsibililles for the audit of the lin8nci81 statements $ection of our report. We are independent of
the charilable company in aw)rdance with the elhi¢81 Tequiremenls Ihal are relevant lo our audit of
the flnancial slalemenls in Ihg UK, includlng the FRC'S Ethical Standard, and we have fulfilled our
other elhical responsibililles in accordance with these requiremenls. We believe that the audit
evidence we have obtained is 8uffi¢ient and appropriate lo provide a basi8 for our opinlon.
Con¢lu8ions rnlallng lo going o)n¢ern
In audlling the financlal stalemenl8, we have concluded Ihal the Iru8lea$' use of the golng concern
basis of a¢counling in the preparalion of the financial stalemenls is appropriate.
Based on the work we have performed, we have not idenllfled any mBlerial uncertainties relating to
events or Condit￿nS that, individually or collectively, may cast significant doubl on the charitable
company's ability lo continue as a going concern for a period of al least twelve rnonlhs from when Ihe
flnancial slalemenls are aulhorised for issue.
Our responsibilities and the rnspon8lbllilies of the truste88 wllh ffj8pe¢l to going concern are
de$¢ribèd In the relevant secllons of this report,
Other information
The olher informatlon compdses the informalion included In the annual rep)rt, other than the financlal
Stalernenls and our auditor's reFM)rt Ihereon. The trustees are responsible lor the other inlormalion
)nlained wtlhin the annual report. Our opinion on the financial slalemenls does not covef the olh6r
Information and, except lo the exlenl otherwise explicitly slaled in our report, we do not express any
form of assurance conclusion Ihereon.
Our responsibillty 1510 read the other information and, in doing so, consider whether the other
irrformalion 15 materially inconsislenl with the financi31 slalemenls or our knowledge obtained in the
course of the audit or otherwise appears to be materially mi551ated. If we Idenlify such material
inconsistencies or apparent material misslalemenls, we are required lo d818rmine whether there is
material misslalemenl in the financial stalemenls themselves. If, based on the work we have
performed, we conclude that there 18 a material misstalement of Ihis other inf¢xmalion. we are
required lo report that fact.
Pa8e 6

Independent Auditorfs Report
to the Members of Seventh-day Adventlst Association Limited
For the year ended 31 December 2021
We have nothing lo report in this ￿gard.
Opinions on other mallers prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
.th¢ Information given in the trustees, annual report for the financial year for whlch the flnancial
statements are prepared is consislenl with the fi￿ar￿la1 stalemenls.. and
.the Iruslees, annual rèport have been prepared in accordance with applicable legal requirernenls.
Mallers on which we are reqUI￿d lo report by exception
In the light of the knowledge and understanding of the company and ils environment obiain8d in the
cour8e of the auéil, we have not Id8nlified material misslatemenls in the Iruslee$' annual rep¢)rt.
We have nothing lo report in respect of the following mallers where the Companies Act 2006 requlres
us lo roport lo you if, in our opinion..
adequate accounting reoords have not been kept, or returns adequale for our audit have not been
received from branches not visited by us,. or
.Ihe flnancial slalemenls are not in agreement wllh the accounting records and returns,. or
•cerlain disclo$ures ol Irusloes, remuneration specifled by law are not made., lorl
we have not received 811 the information and explanations we require for our audil.l orl
the Iru8lee8 were not 8nlilled lo prepare the financial slalemènls in accordance with the sniall
companies regime and lake advantage of the small companies exemption in preparing Ihe Iruslees,
annual report and from preparing a strategic report.
Responsibllllles of Iruslees
As explained more fully in the Iruslees, responsSbililies sialemenl sel out on page 5. the Iruslees {who
are also the directors of the charitable company for the Pufposes of company lawl are responslble fcf
the preparation of the financial slalemenls and for being salislied that they give a true and fair view,
and for such internal control as the Iru51ee$ determine is necessary lo enable the preparation of
financial statements that are free from material mlsslalemenl, whether due lo fiaud or error.
In preparing the financlal s18lemen15, the Iruslees are responsible for assessing the Gharilable
company's ability to continue as a going concern. disdosing, as applicable, mallers related lo going
concern and using the going concgrn basis of accounting unless the Iruslees either intend lo Ilquidale
the charitable company or lo cease operation$, or have no realSslic allernalive bul lo do so.
Auditor's Responsibilities for the audit of the financial 8lalemenl8
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole
are free from material misslalemenl, whether due to fraud or error. and lo issue an auditor's report
that includes our opinion. Reasonable assurance is a high level of assurance. bul is not a guarantee
that an audit conducted in accordance with ISAS {UKI will always delecl a material misslalemenl
when il exists. Misslalemenls can arise from fraud or error and are considered material rf, individually
or in aggregat8, they could reasonably be expected lo inflLJence the economi¢ decisions of users
taken on the basis of these financlal slalemenls.
A$ part of an audrt in accordance with ISAS IUKI we exercise professional ludgemenl and maintain
professional scepticism IhroLtgh(MJt the audrt. We 81$0.'
.Idenlify and assess the risks of material misslalemenl of the financial slalemenls. whether due lo
Iraud or error, design and perforni audit procedures ￿SponS[Ve to those risks, and obtain audit
evidence that is sufticienl and apprOpr￿le lo provide a basis for our opinion. The risk of not delecling
Page 7

Independent Auditorfs Report
to the Members of Seventh-day Adventist Association Llmited
For the year ended 31 December 2021
material misstaiemenl resulting from fraud 15 higher than for one resulting from error, as fraud may
invdve cdlusion, forgery, intentional omissions. misrepresenlalions, or the override of internal control.
.Oblaln an understanding of internal control relevant lo the audit in order lo design audit procedures
that are appropriate in the circumstances, bul not for the purposes of expressing an opinion on the
effectiveness of the charitable company's internal control.
.Evaluale the appropriateness of accounting policies used and the reasonableness of a¢counling
eslimales and related disclosure5 made by the Iruslees.
.Condude on the appropriateness of the trustees. use of the going concern basis of accounting and.
based on the audit evidence obtained, whether a material uncertainly exists related lo events or
condllions that may cast significant doubt on the charitable company's ability lo continue as a going
concern. If we conclude that a material uncertainly exists. we are rèquired lo draw allenlion in our
auditor's report lo tho related disclosures in the financial sl8lemenls or, if such disclosures are
in8(Jequale, lo modify our opinion. Our conclusions are based on the audil evidence obtained up lo
lh8 dale of our auditor's report. However, future events or ¢ondilion5 may cause the ¢hari18ble
company lo cease lo conllnue as a going concern.
.Evaluate the overall presenlallon. structure and conlenl of the financial stalemenls, including th8
disclosures. and whelhor the financial statements represenl the underfying lrans8clion8 and events in
a manner that achieves fair presentation.
We communicato with those ¢h3rged with governance regardlng. among other mallers. the planned
scope and liming of the audit and significant audil findings, including any slgnificanl defkiencies in
Internal control that we identify during our audit.
Explanation as lo what exlenl the audit was consldered capable of delecling irregularities, Induding
fraud
Irregul2rilies, including fraud, are instanc&s of non-compliance wilh laws and regulation8. We design
prO￿dureS in line with our re8ponsibllilies, outlined above, lo ¢Jelecl material misslalemenls In
re$￿cl of irregularities. ir￿lUding fraLJd. The exlenl lo which our procedures are capable of delecllng
irregularities, including fraud 1$ dolalled below.
The objectives of our audit in respect of fraud, are., lo identify and assess the risks of material
misstalemenl of the flnanci81 slalemenls due lo fraud., lo oblaln sufficlenl appropriate audit evidence
regarding the assesseii risks of material missl8lemenl due lo fraud, through designing and
Implementing appropriate rosponses lo those assessed risks,. and lo respond appropri8lely lo
instances of fraud or suspected fraud identified during the audit. However, the prlrnary responsibility
for the prevention and detection of fravd rests with both management and those charged with
governance of the charitable company.
Our approach was as lollows..
.We obtained an underslandlng of the legal and regulatory requirements applicable lo the charitable
company and considered that the most significant are Ilhe Companies Act 2006, the Charities Act
2011, the Charity SORP. and UK financial reporting standards as issue(I by the Financial Reporting
Councill
.We obtained an underslanding of how the charitable company complies with these requirements by
discu5s1on5 With managen7enl and those charged with govemance.
Page 8

Independent Auditor's Report
to the Members of Seventh-day Adventist Associatlon Limlted
For the year ended 31 December 2021
.We assessed the risk of material misstalemenl of the financial stalemenls. including the risk of
material misstalemenl due lo fraud and how il might oexur, by holding discussions with management
and those charged with governance.
.We inquired of man8gom8nl and those charged with governance a8 lo any known instances of non
¢ompliance or suspected noll-compliance with laws and regulations.
.Basod on this understanding. we designed specifi¢ approprlale 8udil procedures lo identify instances
of non-compliance with laws and regulations. This include¢J making enqulries of management and
those charged with governan¢e and obtsining additional ¢orroboraliv6 evidence as required.
There are inherent limitations in the audit procedures describod above. We are less likeli lo become
aware of Instances of non-compliance with laws and regulations th81 are not closely related lo events
and transactions reflected in the flnancial statements. Also. the risk of not delecling a material
mi531alernenl due lo fraud is higher than the r15k of not delecling one resulting from error, as Iraud
may involve deliberate concealment by, for example, forgery or Intentional misrepresenlalion$. or
through collusion.
Use of our report
Thls report is mado solely lo th& ¢hari18ble company's members, as a body, in accordance with
Chapter 3 of Part 16 of the Companies Act 2006, Our audit work has been undertaken $0 that we
might slate lo the company's member8 those mallers we are reoulred lo slate lo them in an auditor's
rvwrl drid l¢)r Iiu ullier purposts. Tu Ilie fullest exlenl permlllad by law, we do not aceepl or assume
responsibility lo any party other than the charitable company an(J charitable company's member8 as
body, for our audit work. for Ihls report, or for the oplnions we have formed.
/LLOL
IDatel
26.09.2022
Silvia Vlllello (Senior Slalulory Audilorl
for and on behalf of Moore King31on Smith LLP, Stalulory Auditor
4 Victoria Square
Sl Albans
Herts
AL1 3TF
Page 9

Seventh-day Adventist Association Ltd
Statemant of Financial Activities
For th• year ended 31 December 2021
Unrestrlcted
Fund¥
Restrlct•d
Fund8
Total
2021
Total
2020
In¢omo and Expendlturo
Not08
Incom• and ondowm•nts from
Donations and legacie8
Investment in¢orne
Other
Total Incomlng Resour¢
31.000
31.000
141,403
9,347
9,347
9,347
40.347
678
142,084
31,000
Expandltur• on
Grants made
Others
Total Rg•ouro•• Expend•d
31.000
31,000
160,576
18
160,594
31,000
31,005
Not (Outgolng)I In¢omlng Rosourc
9,342
9,342
118,5101
Transfers between funds
N•t Movemenl In Funds
9,342
9,342
118,5101
Fund balanGe8 brought forward
4,418
4,418
22,928
Fund bal8n¢es carried forward
13,760
13,760
4,418
There were no recogni88d gains and losses other than those included in the 818lemenl of financial aclwi(188.
Page 10

## **Seventh-day Adventist Association Ltd** 

## **Balance Sheet at 31 December 2021** 

|Notes<br>**Fixed Assets**<br>Investments<br>6<br>**Current Assets**<br>Debtors<br>7<br>Cash at bank and in hand<br>Creditors: Amounts falling due<br>within one year<br>**Net Current Assets**<br>**Net Assets**<br>**Funds**<br>Unrestricted<br>Restricted<br>8|**2021**<br>**2020**<br>£<br>£<br>100<br>100<br>100<br>100<br>4,863<br>2,613<br>16,966<br>9,488<br>21,829<br>12,101<br>8,169<br>8,169<br>13,660<br>13,760<br>13,760<br>13,760<br>7,783<br>7,783<br>4,318<br>4,418<br>4,418<br>4,418|
|---|---|



These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 

Approved and authorised for issue by the Board of Trustees on: 12/09/2022 and signed on its behalf by: 


J Surridge 

Company number 89953 

The notes on pages 12 to 14 form part of these accounts. 

Page 11 



Seventh-day Adventist Association Limited
Notes to the Accounts
for the year ended 31 December 2021
l. Accountinu Policles Bas1$ of preparatSon
The accounts have been prepaied under the historical cost convention, in accordance with the Financial
Reporting Standard applicable in the UK and Republlc of Irelantl IFRS 1021. The company is a publi
benefit entity for the purposes of FRS 102 and a iegistered charity establlshed as a company limited bv
guarantee and therefore has also prepared tts financial statements in accordance with the Statement of
Recommended Practlce applicable to charities preparing their accounts in accordance with the Financial
Reporting standard applScable in the UK and Republic of Ireland (The FRS 102 Charities SORPI. the
Companies Act 2006 and Charities Act 2011.
Goln8 Concern
The Trustees have also consldered the impact of the Coronavirus and measures taken in the UK. The
charity has sufficient cash and reserve5 at the time of approval of these financlal statements. Having
made enquirle5, the trustee5 have concluded that there is a reasonable expectation that the charity ha5
adequate resourtes to continue In operational exSstence for at least 12 months from the date of the
Independent examlners, report of these financlal statements. The charlty therefore contlnue5 to adopt
the going concern basis in preparing Its financial statements.
Basls of consolldatlon
The financial statements, being the statements of a small entitV* do not consolidate the financial
statements of Seventh-day Adventist Trust Company Limited. as permitted by section 415A of the
Companies Act 2006.
Company status
The charity is a company Ilmited by Buarantee. The members of the company are the trustees named on
pa8e l. In the event of the charity bein8 wound up, the Ilability in respect of the guarantee Is limited to
El per member of the charity.
Incomlng resources
Voluntary income by way of donatlons and 8ifts to the charltable company is included in full In the
statement of flnancial actlvities when received. Intan8ible income Is not Included unless It represent5
800ds or services which would have otherwise been purchased.
Legacies are monitored from the time of notification to their final receipt. They are only included in the
financlal statements when there Is sufficient evidence that the legacy will be received, and the value can
be measured with sufflcient reliabillty.
Fund accountlng
Restricted funds ire those which are to be used for the specified purpose5 as laid down by the donor.
Expenditure which meets these criteria is allocated to the appropriate fund.
Unrestricted funds are donations and other income received or 8enerated for the furtherance of the
objects of the charitable company without Specified purposes and, therefore. are available as Eeneral
Page 12

Seventh-day Adventist Association Limited
Notes to the Accounts
for the year ended 31 December 2021
Grant-making pollcie5
The trustees allocate grants in accordance with the objects set out in the Memorandum and Artlcles of
Association of the charitable company, which are summarised In the Trustees, Annual Report.
Resources expended. Staff costs and overhead expenses are allocated to activities on the basis of time
spent on those activities. Resources expended are included in the Statement of Financlal Activities on an
accrual's basis.
Governance c05t5 are those incurred in connection with admlnistration of the charltable company and
compliance with constitutlonal and statutory requirements.
All costs include value added tax where applicable.
Rlsk mltl8atlon
The charitable company's dlrectors have 8lven conslderation to the major risks to which the charity Is
exposed and have established systems or procedures Sn order to manage those rlsks.
Page 13

Seventh4lay Advontist Association Ltd
Notès to the Accounts
For thg year ended 31 Dgcgmber 2021
Z Donatlons and L•gacle•
Unre•tricted
Funds
R•Jtrfctad
Funds
Totsl
2021
Tot•1
202Q
Legad85
31,rM]o
31,rxio
31,QOO
31.000
141.403
141,403
3. Gr•nt• m•d•
Gran16 to Seventh•ay Adventist durfrvJ th• p￿0d As follo￿..
Unrn*trlct•d
Fund•
R•Jtrlct•d
Fund¥
Totsl
2021
Total
2020
9rfJgh Unlon CoThffjrence Schoo16
Adv8nt15108vdopmant and Agency
North England Ccnfer8nce and Churchg
South Ewl&rn1 Confer•ncs and Churc￿5
Other Grant•
8,OJO
36,381
11x1,190
31.ODO
31.CQJ
16.QJO
Tol•l Grants
31.000
31.000
160.577
4. Total R••ourcM EXP￿ded
Unrn•trlct•d
Fund•
R•Btrl¢t•d
Fund•
Tot•1
2021
Totjl
2020
Granls programme
Support of b¢01 ¢ongregatlon$
Tot•1 Exp•ndltur•
31,000
31,000
180,577
18
160,595
31.000
31.000
lfyjepvThJ￿I ExBrnln8rf8 ￿unerallOn ll bom• by edi8h Unlon PA•nforence
S. Staff CoBtI
The 8VW8ge number of employeos during th8 yeBf w80 NIL12020- NIL)
No InJ•tw$ r8cdv•d rémunération or exp8n&e5 durlng th8 year
6. Flxéd A•••t In￿*trnInI•
The Inv851menl h8hl by the chad¢abl¢ company ¢on61sts ol a 1W% owi&J 8ub61dLqry compony, Sevenih Oay
Ad¥8nllsl Trd&t Company Llmlted ffth Is hekl Bt wst
The Sovonth-day Adven1151 Trust Comp8ny Limilad prlndp818dlvlty Is to acl as oxgculrff ol the blllB of mgmber8
of affilktod lotsl congroa8￿0￿3 cf S8venth4ayA(Jvenlsts.
Relev8nl finandal infomation regarding the S8venth-d8y A(fvenli8t Trust Comp8ny Ltd18 a8 follows..
Totsl
2021
To¢•1
2020
Tum0¥8r
Admlnlslration expw8es
Ngt profitrloss after ta¥alon
14,538
18,0841
Aggrtyale ¢apital aTxJ re5eFves
6,416
6,416
Page 14

Soventh-day Adventist Association Ltd
Notes to tha Accounts
For the year ended 31 December 2021
7. Dobtor•
Totsl
2021
Total
2020
Du8 from Bub8idiary undertakir¥J
2.613
4,863
2.613
8. Cr•dltor•: Amount• falllng du• wlthln on•
Due lo parent charity
Loan from b8nefa¢tor
Other Cre(illor8
8.212
6,069
968
8,169
725
7,783
Page 15

Seventh-day Adventist Association Ltd
Notes to Ihe Accounts
For the year ended 31 December 2021
•.Anwly•l• of fvnd•
8•14rbc• •t MoverrKnt
J•nts￿ 1•t
Ineomln
R•8our¢
TMnAfer
Outgolng b•￿ttn lund•
anco at
D•c•mb•r3111
2021
ReSidcted funds
31.¢))O
131,0001
Genernl fL*)Y8
4.418
9.347
13.760
4.418
40.347
31.005
13.780
10. Tol•l lund•
Tothl
Fund•
Fund•
Fundl
In¥e4knonts
1Q)
13.e80
13.160
13,860
13.760
11. Conimlllng Party
Thè por•￿¢￿•￿ty iu lh8 Bdlish thon Confer•nc• ol Sa4*nih-dayAdwJnti¥1s. byvlrtw of ExeryJlive Cornmiiiae's po￿110 •pp¢inl
Ihe dlracior8 of th? compgny. T￿ cha￿ty numbefed 1044071 IJ re9lBI?rgd In England and il has th8 follow￿n9 18gi8iertd offlco 4ddroM.'
Sovenih-day Ad￿nI1$1 ChuFch Hvodqu8rtor8. s￿nbo1￿￿ P•rk. W*tlord, W025 gJZ. Enqlllnd. Th8 charl1¥8 Pufpose and
b"vlll•s Involve ￿￿dIn@ p•¢pl¢ Inio a pei8w•l r•l•l1onshlp￿th Jèaus Chrtil. A copyol th•lr I￿V￿nI￿ can bo oblalnod from lh• Charty
Comm[o￿OnI w•b81W.
Page 16

Seventh-day Adventist Assoclation Limlted
Company No.. 89953
Reglstered Charity No IEn8land and Wale51'. 209780
Registered Charity No1Scotlandl: SC041242
REPORT AND ACCOUNTS FOR THE YEAR ENDED
31 DECEMBER 2021

Seventh-day Adventist Association Ltd
Company Informatlon
For tho year 6ndod 31 December 2021
Tru•t•••
I Sweeney
R Jackson
E Osas
J Surridg&
E Ramharack$lngh
S Thomas
K Thom88
E Wllliarn8
E Bran
ICh8imanl
Company S•cr•tsry
S Okelo
B•nk•r•
HSBC, 17 High street, WaNord WD172DS
8ollcltor•
Anthony Collln8 LLP, 134 Edmund Stra8t, Blmilnghem BR3 2ES
Sydney Mitchell. Chatto¢k Hou88, Shod8y, Sollhull, B90 30N
Audltor
Moore Klngston Smlth LLP, 4 Vl¢lorfa Square. Sl Alban8, AL13TF
R•gl•t•rnd Ollt
8UC Offlca. St8nborouoh Part(, Watford W025 9JZ
P890 1

Seventh-day Adventist Association Ltd
Trustees, and Directors, Annual Report
For the year ended 31 December 2021
The Trustees (who are also directors of the Charlty for the purposes of the Companies Act) submlt thelr
annual report and the financial statement of the Seventh-day Adventist Associotion Limited (the
Company) for the year ended 31 December 2020. The Trustees confirm that the annual report and
financial statement of the company comply with current statutory requlrements, the requirements of
the Company's 8overninB document and the provisions of the Statement of Recommended Practice:
Accounting and Reportin8 by Charitles preparinÈ their accounts in accordance with the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS1021, the Charities Act
2011 and applicable regulations.
Structurei governance and management
Con5tltutlon
The company is constltuted under a Memorandum of Association dated 24 August 2006 and Is a
registered charity (number 2097801.
The princlple object of the Company is to provide support for the diffusln8 of ￿11810￿5 and moral
instruction, in accordance with the philosophy of the Seventh-day Advent15t Church.
The company acts as Trustee Corporatlon for the various administrative entities and local con8re8atrons
of 5eventh-day Adventist, holding title to their land ond buildin85. These assets are shown in the
flnancial statements of the relevant entities and so omitted from these financial statements,
There have been no changes in the oblectives since the last annual report.
Method of Appolntment or Electlon of Dlrectors
The Management of the Company is the responsibility of the Directors who are elected annualty by the
executlve committee of the Brltish Union Conference of Seventh-day Adventists.
Organls4tlonal Structure and Declslon Maklng
The Company acts in accorijante with the operating policies of the Brltish Union Conference of Seventh-
day Adventists. It is governed by its Board of Directors, whith meets at least four times a year.
Related Party Relatlonshlp5
The company ha5 relationship5 Wlth the followin8 constituent bodies of the Seventh-day Adventlst
Church in Britain..
British Union Conference of Seventh-day Adventist- its parent body
South England Conference of Seventh-day AdventlSt, North England Conference of seVent￿day
AdventlStS
Seventh-day Adventist Trust Company Ltd, the subsidiary, acts as executor of the wills of deceased
member5 of local congregations of the Seventh-day Adventist Church in Britain.
Page 2

Seventh-day Adventist Association Ltd
Trustees. and Directors, Annual Report (continued)
For the year ended 31 December 2021
Objectives, Artivltle5 and Publ1< Benefft
The Tru51ee5 confirm that they have complied with the duty in section 5.17 of the Charltles Art 2011 to
have due regard to the Charity Commission's general guidance on public benefit.
Policles and obJertlves
The objective of the Company Is to support the activities of the parent and its assoclated charities.
Actlvltles for achieving oblectlves
The Company holds title to the land and bullding owned by the associated charities and
administers the puichase and sale of these properties. The Company also administer5 the estates of
members of the Seventh-day Adventlst church and disburses legacies falling due to the denomination.
Grant Makln8 Pollcles
Legacies are granted to a55oclated charities in accordance with the expre55ed wishe5 of the donors, or, If
nonspecific, In attordance with the geographical regions in whlch the donors were living.
Achlevement and performance
Revlew of Actlvltles
The Company continued to art 05 the trustee property holdSn8 body for the Seventh-day Adventlst
Church In the United Kingdom. In addition to custody of deeds and attending to queries raised, the
followin8 contracts were signed..
Purchase of Propertles
Former Williams Preyer Centre Edmonton 6 Hounslow
2. Rugby Land Lying on the side of Bow fell, Brownsover
3. Hays wood Retreat INorth Runctonl - PL¢rchase of 22 Acres.
Sale of Propertle$
l. Former Hyland House School
2. 11 Cuckoo Hall Lane Edmonton N9 8DH
3. Stoke on Trent Parcel of Land ST4 6HX
4. Stoke on Trent Church buildin8 ST4 6EG
Due dlligence on renovatlons/Ccntracts
HSBC Loan Tottenham West Green Road
North Runcton Final pha5el Completion
Tottenham West Green Road- Ongoing
London Ghana HSBC Loan Phase 2, Youth Hall/Nursery
Fulham Church 259 Lillie Road 7LL Refurbishment Rose cottage- Coniston Hovse Rebuild.
Edwnonton Loan
Page 3

Seventh-day Adventist Association Ltd
Trustees, and Dirertors, Annual Report (continued)
For the year ended 31 December 2021
Legal Resolutlons
The Subsidiary company succe5sfuify completed the admlnlstration of several estates and deceased
members of the Seventh-day Adventist Church.
Flnanclal revlew
Reserve5 Policy
The Directors have considered the level of reserves necessary for continuing operatlons and consider
that the minimal amount of reseNes In hand is sufflclent for that purpose. At the year end the
Charity had unrestricted reserves of £13,760.
Plans for Future Perlods
The Company plans to continue Its actlvltles as the trustee property holdin8 body for the Seventh-
day Adventlst Church Sn the United Kln8dom for the forthcomlng future.
Funds held as custodlan
The Company acts as property holding trustee for associated charitles, and acts in accordance wlth
the wlshes of these charltle5.
Rlsk mltlgatlon
The Company's directors have given conslderation to the malor r15k5 to whlch the charlty Is exposed
and established systems or procedure5 in order to mana8e those rlsks.
Page 4

Seventh-day Adventist Association Ltd
Statement of Trustees, Responsibilltles
For the year ended 31 December 2021
The tfllstees (who are also directors of Seventh4ay Adventlst Association Limited for the purposes
of company lawl are responsible for p￿paring the Trustees. Report and the flnanclal statement5 in
accordance with applicable law and United Kingdom Accountln8 Standards IUnSted Klngdom
Generally Accepted Accounting Practice.) includln8 FR5102 Yhe Flnanclal Reportlng Standard
applyln8 In the UK and Republic of Ireland.
Company law requires the trustees to prepare flnancial statements for each financlal year which 8lve
a true and falr vlew of the State of the affairs of the charitable company and of the incoming
resources and application of resources, includin8 the income and expendlture, of the charltable
company for that period. In preparing these financlal statements. the trustees are required to..
5ele¢t suitable accountin8 policies and then apply them conslstentlv,.
ObSe￿e the methods and princlples in the Charities SORP,.
make lud8ements and estimates that are reasonable and prudent:
State whether applicable UK Accountin8 Standards have been followed, sublecl to any material
departures dlsclosed and explained In the financial statements,.
prepare the flnancial statement5 on the going concern ba515 unless It Is Inapproprlate to presume
thal the charitable company wlll continue in business.
The trustees are responslble for keeping proper accountlng records that dlsc105e wlth reasonable
accuracy at any Ilme the financial posltion of the charitable company and enable them to ensure
that the flnanclal statements comply wlth the Companles Act 2iJ)6 and the Charltles and Trustee
Investment Iscoilandl Act 21J)5 and the Charities Accounts (Scotlandl Re8ulatlons 2CK)6 la5
amended).
They are a150 responsible for safeguarding the assets of the charitable company and hence for taklng
reasonable steps for the prevention and detection of fraud and other Irre8ularltle5.
Approved by the Trustees and Dlrectors of Seventh-day Adventlst Assoclatlon Llmlted and
5i8ned on thelr behalf bv:
J Surrldge
Date.. 1210912022
Page 5

Independent Auditorfs Report
to the Members of Seventh-day Adventist Association Llmlted
For the year ended 31 December 2021
Oplnion
We have audited the finan¢lal statements of the Sevenlh4ay Adventist Association Limlted I'the
t￿MpanY') for the year ended 31 t)ecember 2021 whi¢h comprise the S181emenl of Financial
Activilies. the Balance Sheet and notes lo the flnancial slalemenls. including 8ignificanl accounting
policies. The financial reporllng framework that has been applied in thelr preparation is applicable law
and United Kingdom Accounting Siandards. including FRS 102 'The Financial Reporting Standard
Applicable in the UK and Republic of Ireland, (United Kingdom Genefally Accepted Accounling
Pradlce).
In our oimnion the financbal statements..
' give a true and fair view of the slate of the charitable company's affalrs as al 31 December 2021 and
of Ils incoming resources and application of resources. including ils in¢ome and expenditure, for the
ye8r then ended.,
.have been properly preparod in ac¢ordan¢e vthh United Kingdom Generally Attepled Acc4)unling
Pracbce.. and
.have been prepared in accordance wlth th8 requlremenls of the Companles 2Crt)6.
Basi8 for opinion
We conducted our audit in accwdance with Intemalional Standards on Auditing {UKI IISAS (UK)) and
applicable law. Our responsibilities under those $18ndard5 are furlhef described In the Auditor's
Responsibililles for the audit of the lin8nci81 statements $ection of our report. We are independent of
the charilable company in aw)rdance with the elhi¢81 Tequiremenls Ihal are relevant lo our audit of
the flnancial slalemenls in Ihg UK, includlng the FRC'S Ethical Standard, and we have fulfilled our
other elhical responsibililles in accordance with these requiremenls. We believe that the audit
evidence we have obtained is 8uffi¢ient and appropriate lo provide a basi8 for our opinlon.
Con¢lu8ions rnlallng lo going o)n¢ern
In audlling the financlal stalemenl8, we have concluded Ihal the Iru8lea$' use of the golng concern
basis of a¢counling in the preparalion of the financial stalemenls is appropriate.
Based on the work we have performed, we have not idenllfled any mBlerial uncertainties relating to
events or Condit￿nS that, individually or collectively, may cast significant doubl on the charitable
company's ability lo continue as a going concern for a period of al least twelve rnonlhs from when Ihe
flnancial slalemenls are aulhorised for issue.
Our responsibilities and the rnspon8lbllilies of the truste88 wllh ffj8pe¢l to going concern are
de$¢ribèd In the relevant secllons of this report,
Other information
The olher informatlon compdses the informalion included In the annual rep)rt, other than the financlal
Stalernenls and our auditor's reFM)rt Ihereon. The trustees are responsible lor the other inlormalion
)nlained wtlhin the annual report. Our opinion on the financial slalemenls does not covef the olh6r
Information and, except lo the exlenl otherwise explicitly slaled in our report, we do not express any
form of assurance conclusion Ihereon.
Our responsibillty 1510 read the other information and, in doing so, consider whether the other
irrformalion 15 materially inconsislenl with the financi31 slalemenls or our knowledge obtained in the
course of the audit or otherwise appears to be materially mi551ated. If we Idenlify such material
inconsistencies or apparent material misslalemenls, we are required lo d818rmine whether there is
material misslalemenl in the financial stalemenls themselves. If, based on the work we have
performed, we conclude that there 18 a material misstalement of Ihis other inf¢xmalion. we are
required lo report that fact.
Pa8e 6

Independent Auditorfs Report
to the Members of Seventh-day Adventlst Association Limited
For the year ended 31 December 2021
We have nothing lo report in this ￿gard.
Opinions on other mallers prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
.th¢ Information given in the trustees, annual report for the financial year for whlch the flnancial
statements are prepared is consislenl with the fi￿ar￿la1 stalemenls.. and
.the Iruslees, annual rèport have been prepared in accordance with applicable legal requirernenls.
Mallers on which we are reqUI￿d lo report by exception
In the light of the knowledge and understanding of the company and ils environment obiain8d in the
cour8e of the auéil, we have not Id8nlified material misslatemenls in the Iruslee$' annual rep¢)rt.
We have nothing lo report in respect of the following mallers where the Companies Act 2006 requlres
us lo roport lo you if, in our opinion..
adequate accounting reoords have not been kept, or returns adequale for our audit have not been
received from branches not visited by us,. or
.Ihe flnancial slalemenls are not in agreement wllh the accounting records and returns,. or
•cerlain disclo$ures ol Irusloes, remuneration specifled by law are not made., lorl
we have not received 811 the information and explanations we require for our audil.l orl
the Iru8lee8 were not 8nlilled lo prepare the financial slalemènls in accordance with the sniall
companies regime and lake advantage of the small companies exemption in preparing Ihe Iruslees,
annual report and from preparing a strategic report.
Responsibllllles of Iruslees
As explained more fully in the Iruslees, responsSbililies sialemenl sel out on page 5. the Iruslees {who
are also the directors of the charitable company for the Pufposes of company lawl are responslble fcf
the preparation of the financial slalemenls and for being salislied that they give a true and fair view,
and for such internal control as the Iru51ee$ determine is necessary lo enable the preparation of
financial statements that are free from material mlsslalemenl, whether due lo fiaud or error.
In preparing the financlal s18lemen15, the Iruslees are responsible for assessing the Gharilable
company's ability to continue as a going concern. disdosing, as applicable, mallers related lo going
concern and using the going concgrn basis of accounting unless the Iruslees either intend lo Ilquidale
the charitable company or lo cease operation$, or have no realSslic allernalive bul lo do so.
Auditor's Responsibilities for the audit of the financial 8lalemenl8
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole
are free from material misslalemenl, whether due to fraud or error. and lo issue an auditor's report
that includes our opinion. Reasonable assurance is a high level of assurance. bul is not a guarantee
that an audit conducted in accordance with ISAS {UKI will always delecl a material misslalemenl
when il exists. Misslalemenls can arise from fraud or error and are considered material rf, individually
or in aggregat8, they could reasonably be expected lo inflLJence the economi¢ decisions of users
taken on the basis of these financlal slalemenls.
A$ part of an audrt in accordance with ISAS IUKI we exercise professional ludgemenl and maintain
professional scepticism IhroLtgh(MJt the audrt. We 81$0.'
.Idenlify and assess the risks of material misslalemenl of the financial slalemenls. whether due lo
Iraud or error, design and perforni audit procedures ￿SponS[Ve to those risks, and obtain audit
evidence that is sufticienl and apprOpr￿le lo provide a basis for our opinion. The risk of not delecling
Page 7

Independent Auditorfs Report
to the Members of Seventh-day Adventist Association Llmited
For the year ended 31 December 2021
material misstaiemenl resulting from fraud 15 higher than for one resulting from error, as fraud may
invdve cdlusion, forgery, intentional omissions. misrepresenlalions, or the override of internal control.
.Oblaln an understanding of internal control relevant lo the audit in order lo design audit procedures
that are appropriate in the circumstances, bul not for the purposes of expressing an opinion on the
effectiveness of the charitable company's internal control.
.Evaluale the appropriateness of accounting policies used and the reasonableness of a¢counling
eslimales and related disclosure5 made by the Iruslees.
.Condude on the appropriateness of the trustees. use of the going concern basis of accounting and.
based on the audit evidence obtained, whether a material uncertainly exists related lo events or
condllions that may cast significant doubt on the charitable company's ability lo continue as a going
concern. If we conclude that a material uncertainly exists. we are rèquired lo draw allenlion in our
auditor's report lo tho related disclosures in the financial sl8lemenls or, if such disclosures are
in8(Jequale, lo modify our opinion. Our conclusions are based on the audil evidence obtained up lo
lh8 dale of our auditor's report. However, future events or ¢ondilion5 may cause the ¢hari18ble
company lo cease lo conllnue as a going concern.
.Evaluate the overall presenlallon. structure and conlenl of the financial stalemenls, including th8
disclosures. and whelhor the financial statements represenl the underfying lrans8clion8 and events in
a manner that achieves fair presentation.
We communicato with those ¢h3rged with governance regardlng. among other mallers. the planned
scope and liming of the audit and significant audil findings, including any slgnificanl defkiencies in
Internal control that we identify during our audit.
Explanation as lo what exlenl the audit was consldered capable of delecling irregularities, Induding
fraud
Irregul2rilies, including fraud, are instanc&s of non-compliance wilh laws and regulation8. We design
prO￿dureS in line with our re8ponsibllilies, outlined above, lo ¢Jelecl material misslalemenls In
re$￿cl of irregularities. ir￿lUding fraLJd. The exlenl lo which our procedures are capable of delecllng
irregularities, including fraud 1$ dolalled below.
The objectives of our audit in respect of fraud, are., lo identify and assess the risks of material
misstalemenl of the flnanci81 slalemenls due lo fraud., lo oblaln sufficlenl appropriate audit evidence
regarding the assesseii risks of material missl8lemenl due lo fraud, through designing and
Implementing appropriate rosponses lo those assessed risks,. and lo respond appropri8lely lo
instances of fraud or suspected fraud identified during the audit. However, the prlrnary responsibility
for the prevention and detection of fravd rests with both management and those charged with
governance of the charitable company.
Our approach was as lollows..
.We obtained an underslandlng of the legal and regulatory requirements applicable lo the charitable
company and considered that the most significant are Ilhe Companies Act 2006, the Charities Act
2011, the Charity SORP. and UK financial reporting standards as issue(I by the Financial Reporting
Councill
.We obtained an underslanding of how the charitable company complies with these requirements by
discu5s1on5 With managen7enl and those charged with govemance.
Page 8

Independent Auditor's Report
to the Members of Seventh-day Adventist Associatlon Limlted
For the year ended 31 December 2021
.We assessed the risk of material misstalemenl of the financial stalemenls. including the risk of
material misstalemenl due lo fraud and how il might oexur, by holding discussions with management
and those charged with governance.
.We inquired of man8gom8nl and those charged with governance a8 lo any known instances of non
¢ompliance or suspected noll-compliance with laws and regulations.
.Basod on this understanding. we designed specifi¢ approprlale 8udil procedures lo identify instances
of non-compliance with laws and regulations. This include¢J making enqulries of management and
those charged with governan¢e and obtsining additional ¢orroboraliv6 evidence as required.
There are inherent limitations in the audit procedures describod above. We are less likeli lo become
aware of Instances of non-compliance with laws and regulations th81 are not closely related lo events
and transactions reflected in the flnancial statements. Also. the risk of not delecling a material
mi531alernenl due lo fraud is higher than the r15k of not delecling one resulting from error, as Iraud
may involve deliberate concealment by, for example, forgery or Intentional misrepresenlalion$. or
through collusion.
Use of our report
Thls report is mado solely lo th& ¢hari18ble company's members, as a body, in accordance with
Chapter 3 of Part 16 of the Companies Act 2006, Our audit work has been undertaken $0 that we
might slate lo the company's member8 those mallers we are reoulred lo slate lo them in an auditor's
rvwrl drid l¢)r Iiu ullier purposts. Tu Ilie fullest exlenl permlllad by law, we do not aceepl or assume
responsibility lo any party other than the charitable company an(J charitable company's member8 as
body, for our audit work. for Ihls report, or for the oplnions we have formed.
/LLOL
IDatel
26.09.2022
Silvia Vlllello (Senior Slalulory Audilorl
for and on behalf of Moore King31on Smith LLP, Stalulory Auditor
4 Victoria Square
Sl Albans
Herts
AL1 3TF
Page 9

Seventh-day Adventist Association Ltd
Statemant of Financial Activities
For th• year ended 31 December 2021
Unrestrlcted
Fund¥
Restrlct•d
Fund8
Total
2021
Total
2020
In¢omo and Expendlturo
Not08
Incom• and ondowm•nts from
Donations and legacie8
Investment in¢orne
Other
Total Incomlng Resour¢
31.000
31.000
141,403
9,347
9,347
9,347
40.347
678
142,084
31,000
Expandltur• on
Grants made
Others
Total Rg•ouro•• Expend•d
31.000
31,000
160,576
18
160,594
31,000
31,005
Not (Outgolng)I In¢omlng Rosourc
9,342
9,342
118,5101
Transfers between funds
N•t Movemenl In Funds
9,342
9,342
118,5101
Fund balanGe8 brought forward
4,418
4,418
22,928
Fund bal8n¢es carried forward
13,760
13,760
4,418
There were no recogni88d gains and losses other than those included in the 818lemenl of financial aclwi(188.
Page 10

## **Seventh-day Adventist Association Ltd** 

## **Balance Sheet at 31 December 2021** 

|Notes<br>**Fixed Assets**<br>Investments<br>6<br>**Current Assets**<br>Debtors<br>7<br>Cash at bank and in hand<br>Creditors: Amounts falling due<br>within one year<br>**Net Current Assets**<br>**Net Assets**<br>**Funds**<br>Unrestricted<br>Restricted<br>8|**2021**<br>**2020**<br>£<br>£<br>100<br>100<br>100<br>100<br>4,863<br>2,613<br>16,966<br>9,488<br>21,829<br>12,101<br>8,169<br>8,169<br>13,660<br>13,760<br>13,760<br>13,760<br>7,783<br>7,783<br>4,318<br>4,418<br>4,418<br>4,418|
|---|---|



These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 

Approved and authorised for issue by the Board of Trustees on: 12/09/2022 and signed on its behalf by: 


J Surridge 

Company number 89953 

The notes on pages 12 to 14 form part of these accounts. 

Page 11 



Seventh-day Adventist Association Limited
Notes to the Accounts
for the year ended 31 December 2021
l. Accountinu Policles Bas1$ of preparatSon
The accounts have been prepaied under the historical cost convention, in accordance with the Financial
Reporting Standard applicable in the UK and Republlc of Irelantl IFRS 1021. The company is a publi
benefit entity for the purposes of FRS 102 and a iegistered charity establlshed as a company limited bv
guarantee and therefore has also prepared tts financial statements in accordance with the Statement of
Recommended Practlce applicable to charities preparing their accounts in accordance with the Financial
Reporting standard applScable in the UK and Republic of Ireland (The FRS 102 Charities SORPI. the
Companies Act 2006 and Charities Act 2011.
Goln8 Concern
The Trustees have also consldered the impact of the Coronavirus and measures taken in the UK. The
charity has sufficient cash and reserve5 at the time of approval of these financlal statements. Having
made enquirle5, the trustee5 have concluded that there is a reasonable expectation that the charity ha5
adequate resourtes to continue In operational exSstence for at least 12 months from the date of the
Independent examlners, report of these financlal statements. The charlty therefore contlnue5 to adopt
the going concern basis in preparing Its financial statements.
Basls of consolldatlon
The financial statements, being the statements of a small entitV* do not consolidate the financial
statements of Seventh-day Adventist Trust Company Limited. as permitted by section 415A of the
Companies Act 2006.
Company status
The charity is a company Ilmited by Buarantee. The members of the company are the trustees named on
pa8e l. In the event of the charity bein8 wound up, the Ilability in respect of the guarantee Is limited to
El per member of the charity.
Incomlng resources
Voluntary income by way of donatlons and 8ifts to the charltable company is included in full In the
statement of flnancial actlvities when received. Intan8ible income Is not Included unless It represent5
800ds or services which would have otherwise been purchased.
Legacies are monitored from the time of notification to their final receipt. They are only included in the
financlal statements when there Is sufficient evidence that the legacy will be received, and the value can
be measured with sufflcient reliabillty.
Fund accountlng
Restricted funds ire those which are to be used for the specified purpose5 as laid down by the donor.
Expenditure which meets these criteria is allocated to the appropriate fund.
Unrestricted funds are donations and other income received or 8enerated for the furtherance of the
objects of the charitable company without Specified purposes and, therefore. are available as Eeneral
Page 12

Seventh-day Adventist Association Limited
Notes to the Accounts
for the year ended 31 December 2021
Grant-making pollcie5
The trustees allocate grants in accordance with the objects set out in the Memorandum and Artlcles of
Association of the charitable company, which are summarised In the Trustees, Annual Report.
Resources expended. Staff costs and overhead expenses are allocated to activities on the basis of time
spent on those activities. Resources expended are included in the Statement of Financlal Activities on an
accrual's basis.
Governance c05t5 are those incurred in connection with admlnistration of the charltable company and
compliance with constitutlonal and statutory requirements.
All costs include value added tax where applicable.
Rlsk mltl8atlon
The charitable company's dlrectors have 8lven conslderation to the major risks to which the charity Is
exposed and have established systems or procedures Sn order to manage those rlsks.
Page 13

Seventh4lay Advontist Association Ltd
Notès to the Accounts
For thg year ended 31 Dgcgmber 2021
Z Donatlons and L•gacle•
Unre•tricted
Funds
R•Jtrfctad
Funds
Totsl
2021
Tot•1
202Q
Legad85
31,rM]o
31,rxio
31,QOO
31.000
141.403
141,403
3. Gr•nt• m•d•
Gran16 to Seventh•ay Adventist durfrvJ th• p￿0d As follo￿..
Unrn*trlct•d
Fund•
R•Jtrlct•d
Fund¥
Totsl
2021
Total
2020
9rfJgh Unlon CoThffjrence Schoo16
Adv8nt15108vdopmant and Agency
North England Ccnfer8nce and Churchg
South Ewl&rn1 Confer•ncs and Churc￿5
Other Grant•
8,OJO
36,381
11x1,190
31.ODO
31.CQJ
16.QJO
Tol•l Grants
31.000
31.000
160.577
4. Total R••ourcM EXP￿ded
Unrn•trlct•d
Fund•
R•Btrl¢t•d
Fund•
Tot•1
2021
Totjl
2020
Granls programme
Support of b¢01 ¢ongregatlon$
Tot•1 Exp•ndltur•
31,000
31,000
180,577
18
160,595
31.000
31.000
lfyjepvThJ￿I ExBrnln8rf8 ￿unerallOn ll bom• by edi8h Unlon PA•nforence
S. Staff CoBtI
The 8VW8ge number of employeos during th8 yeBf w80 NIL12020- NIL)
No InJ•tw$ r8cdv•d rémunération or exp8n&e5 durlng th8 year
6. Flxéd A•••t In￿*trnInI•
The Inv851menl h8hl by the chad¢abl¢ company ¢on61sts ol a 1W% owi&J 8ub61dLqry compony, Sevenih Oay
Ad¥8nllsl Trd&t Company Llmlted ffth Is hekl Bt wst
The Sovonth-day Adven1151 Trust Comp8ny Limilad prlndp818dlvlty Is to acl as oxgculrff ol the blllB of mgmber8
of affilktod lotsl congroa8￿0￿3 cf S8venth4ayA(Jvenlsts.
Relev8nl finandal infomation regarding the S8venth-d8y A(fvenli8t Trust Comp8ny Ltd18 a8 follows..
Totsl
2021
To¢•1
2020
Tum0¥8r
Admlnlslration expw8es
Ngt profitrloss after ta¥alon
14,538
18,0841
Aggrtyale ¢apital aTxJ re5eFves
6,416
6,416
Page 14

Soventh-day Adventist Association Ltd
Notes to tha Accounts
For the year ended 31 December 2021
7. Dobtor•
Totsl
2021
Total
2020
Du8 from Bub8idiary undertakir¥J
2.613
4,863
2.613
8. Cr•dltor•: Amount• falllng du• wlthln on•
Due lo parent charity
Loan from b8nefa¢tor
Other Cre(illor8
8.212
6,069
968
8,169
725
7,783
Page 15

Seventh-day Adventist Association Ltd
Notes to Ihe Accounts
For the year ended 31 December 2021
•.Anwly•l• of fvnd•
8•14rbc• •t MoverrKnt
J•nts￿ 1•t
Ineomln
R•8our¢
TMnAfer
Outgolng b•￿ttn lund•
anco at
D•c•mb•r3111
2021
ReSidcted funds
31.¢))O
131,0001
Genernl fL*)Y8
4.418
9.347
13.760
4.418
40.347
31.005
13.780
10. Tol•l lund•
Tothl
Fund•
Fund•
Fundl
In¥e4knonts
1Q)
13.e80
13.160
13,860
13.760
11. Conimlllng Party
Thè por•￿¢￿•￿ty iu lh8 Bdlish thon Confer•nc• ol Sa4*nih-dayAdwJnti¥1s. byvlrtw of ExeryJlive Cornmiiiae's po￿110 •pp¢inl
Ihe dlracior8 of th? compgny. T￿ cha￿ty numbefed 1044071 IJ re9lBI?rgd In England and il has th8 follow￿n9 18gi8iertd offlco 4ddroM.'
Sovenih-day Ad￿nI1$1 ChuFch Hvodqu8rtor8. s￿nbo1￿￿ P•rk. W*tlord, W025 gJZ. Enqlllnd. Th8 charl1¥8 Pufpose and
b"vlll•s Involve ￿￿dIn@ p•¢pl¢ Inio a pei8w•l r•l•l1onshlp￿th Jèaus Chrtil. A copyol th•lr I￿V￿nI￿ can bo oblalnod from lh• Charty
Comm[o￿OnI w•b81W.
Page 16