2022-09-30-accounts - Sim International (UK)

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Reference and administrakve details o September 2022 are as follows:	f the Charity, it's Tr	ustee	s and	Advisers for the year	ended
REGISTERED COMPANY NUMBER	00611250
CHARITY REGISTRATION NUMBER	219763(England)
	SC040432 (Scotland)
TRUSTEES	Rev JW Dyer, Co-Chair
	Mr D BThompson	(appointed		Co-Chair 27January	2022)
	Mr BCChandrasekar
	Mr D M Heasman,	Co-Chair (resigned 22 April 2022)
	Miss C L Newman
	Dr CSReid
	MrSP Smith (resigned		on 12January 2023)
	Mr YIylengistu Woldegebreal
	Mr NR J Younge
	Ms A Selby (appointed		22 April 2022)
SECRETARY	Mr T M McMahon	(appointed		22 June 2022)
	Mr M Bharwani (appointed 21 September 2023)
REGISTERED OFFICE	6Trust Court
	Histon
	Cambridge
	Gamb ridgeshire
	CB249PW
INDEPENDENT AUDITORS	Price Bailey LLP
	Tennyson House
	Cambridge Business Park
	Cambridge
	CB4 OWZ
BANKERS	Barclays Bank Pic
	543 Norwood Road
	West Norwood Road
	London
	SE279DW
SOLICITORS	Lewis 6Dick
	443 Kingston Road
	Ewell
	Surrey
	KT19ODG

wing were Trustees forthe w therwise stated:	hole of the period from 1 October 2021 t
Rev JWDyer	Co-Chair
Mr D BThompson	Co-Chair (appointed 27January 2022)
Mr BC Chendreseker
Mr M Heasman	Co-Chair (resigned 22 April 2022)
Miss C L Newman
Dr C Reid
Mr YMengistu Woldegebreal
Mr N RJYounge
Mrs A Selby Mr S P Smith	resigned 28e February 2023

There are six principal	otficers who	manage the day-to-day operations	ofthe charity:	ofthe charity:
MrSP Smith	UK Director (resigned an 26 Feb 2023)
Mr D A Silver	Head	ofFinance (resigned 26 February	2022)
Mr TJ McMahon	Interim	Head ofFinance (appointed 1June 2022)
Mrs D C Agnes	Operations Director (appointed 1 April 2022;			previously	Personnel
	Director)
Mrs H Boxail	Head	of Mobilisation
Mrs C Blainey	Head	of Insight and Innovation (resigned	14October 2023)
Miss J Cornish	Head	of Relationship Development (resigned 30September			2022)

						Expendable
	Note UnrestrtctedDesignated				Restricted	Endowment	2022	2021
		Funds 6	Funds		Funds f	Funds 6	Total 6	Total 6
INCONIE FROM
Donations	3	204,095			3,949,928	-	4,154,023 4,147,499
Legacies		196,021			5,515		201,536	77,730
Invcairn ents	4	45,315				5,580	50,895	18,760
Other income		9,767					9,767	4,833
TOTAL INCOME		455,198			3,955,443	5,580 4,416,221 4,248,822
EXPENDITURE ON
Raising funds		16,834					16,634	18,421
Charitable activiTies		277,416	26,325		3,895,545	-	4,199,286 4,015,120
TOTAL
EXPENDITURE	6,7	294,250	26,325		3,895,545	-	4,216,120 4,033,451
NET (EXPENDITURE)I
INCOME BEFORE
INVESTMENTS
GAINSl(LOSSES)		160,948	(26,325)		59,898	5,580	200,101	215,281
Net gains f(losses)
on inveslments		(39,816)				(31,355)	(71,171)	88,366
Transfers between
funds		112,321	(100,510)			(11,611)
Actuarial gains/ (losses)
on defined benefit
pension scheme		48,156					46,155
NET MOVEMENT
IN FUNDS		261,609	(126,835)		59,898	(37,586)	177,086	303,647
RECONCILIATION
OF FUNDS;
TOTALFUNDS
BROUGHT
FORWARD	19	1,962,616	988,014		1,926,593	231,231	5, 1'l0,454	4,806,807
TOTAL FUNDS
CARRIED
FORWARD	19	2,244,225	861,179		1,988,491	193,645	5,287,540	5,110,454
Ail income and expenditure		derive from continuing		activities.

AT 30SEPTEMBER	2022
		Note		2022		2021
			8	6
FIXEDASSETS
Tangible assets		10	632,562		541,695
Intangible assets		11	3,788		5,051
Investments		12	'I,402,257		960,407
				2,038,607		1,507,153
NON CURRENT ASSETS
Debtors falling due after more than
one year				120,000		120,000
CURRENT ASSETS
Debtors		14	456,563		141,842
Investments		15	670,000		923,000
Cash at bank and in hand		16	2,427,849		2,870,765
			3,554,412		3,935,607
CURRENT LIABILITIES
Creditors: Amounts failing due within
one year		17	(419,626)		(409,682)
NET CURRENT ASSETS				3,134,786		3,525,925
TOTAL ASSETSLESS
CURRENT LIABILITIES				5,293,393		5,153,078
NON CURRENT LIABILITIES
Defined benefit pension scheme liability 17				(5,853)		(42,624)
lsET ASSETS				5,287,540		5,110,454
THE FUNDS OF THE CHARITY:
Unrestricted funds				2,244,225		1,962,616
Designated funds				861,179		988,014
Restricted funds				1,988,491		1,928,593
Expendable endowment	funds			193,645		231.231
		19		5,287,540		5,110,454

				2022	2021
					8
Cash flows from operating	activities
Net cash used in operating	acbvities		21	(142,702)	166,215
Cash flows from investing	activities
Purchase of properly, plant	and equipment			(91,088)	(535,355)
Investment income				50,895	18,760
Net cash inflow from fnvestlng activities				(40,193)	(516,595)
Change in cash and cash	equivalents	In the year		(182,895)	(350,380)
Cash and cash equivalents	at the beginning
ofthe year			22	4,036,765	4,387,145
Cash and cash equivalents	at the end
ofthe year			22	3,853,870	4,036,765

FO	R THE YEAR ENDED 30	R THE YEAR ENDED 30	SEPTEllhBER 2	022
3,	DONATIONS
			Unrestricted	Restricted	Expandable	TOTAL
					Endowmentf	2022 E
	Donations	for Missionaries		2,995,217		2,995,217
	Donations Donations	for Projects for Ministry	(3,000)	692,677 262,034		689,677 262,034
	Unrestricted	Donations	207,095			207,095
			204,095	3,949,928		4,154,023
			Unrestricted	Restricted	Expendable	TOTAL
					Endowmentf	2021 6
	Donations	for Missionaries		2,885,909		2,885,909
	Donations	for Projects		749,542		749,542
	Donations	for Ministry		235,376		235,376
	Unrestricted	Donations	276,672			276,672
			276,672	3,870,827		4,147,499

THE YEAR	THE YEAR	ENDED 30SE	ENDED 30SE	ENDED 30SE	ENDED 30SE	PTE	NIBER 20	22
SURPLUS		FOR THE YEAR
									Total	Total
									2022	2G21
									E	6
This is stated after			charging(crediting:
Gain on exchange									763	2,644
Depreciation		of Fixed		Assets					221	7,649
Amorlisation		of intangible			Assets				1,263	1,684
Operating Lease Rentals					on equipment				2,336	2,336
Prior year Auditors'			remuneration			(inc VAT) - audit
Current year		Auditors'		remuneration			(inc VAT) - audit		16,360	9,360
Current year		Auditors'		remuneration			(inc VAT) —non audit		1,140	1,140
ANALYSIS	OF EXPENDITURE					BY	ACTIVITY
								Direct	Support	TOTAL
								Costs	costs	2G22
									(note 7)6
Cost of raising funds									16,834	16,834
Charitable	activities
Missionary	support						2,579,469		22,620	2,602,1G9
Member care								377,029		377,029
Ministry								227,176	5,027	232,205
projects								738,176	7,540	745,716
Mobilisation								227,146	15,081	242,227
							4,149,018		50,268	4,199,286
							4,149,018		67,102	4,216,120
Analysis ofexpenditure					by activity		—prior year
								Direct	Support	TOTAL
								Costs	costs	2021
									(note 7)
									6	6
Cast of raising funds									18,421	18,421
Charitable	activities:
Missionary	supporl						2,369,768		62,060	2,431,826
Member care								363,964		363,964
Ministry								162,227	13,792	196,019
projects								748,507	20,686	769,'(93
Mchilisation								212,742	41,374	254, 'f16
							3,877,208		137,912	4,015,120
							3,877,208		156,333	4,033,541

SUPPORT COSTS
	Raising	Missionary						TOTAL
	funds		Support	Ministry		Projects	Mobilisation	2022
Management			4,176		928	1,392	2,784	9,280
Communications	16,834		2,598		578		1,733	22,609
Oflice administration			4,004		891	1,335	2,669	8,899
Finance			3,067		680	1,022	2,045	6,814
Governance			8,775		1,950	2,925	5,850	19,500
	16,834		22,620	5,027		7,540	15,081	67,102
	Raising	Missionary						TOTAL
	funds		Support	Ministry		Projects	Moblfisation	2021
Management			12,304	2,734		4,101	8,201	27,340
Communicafions	18,421		11,290	2,510		3,764	7,528	43,513
Office administration			20,284	4,508		6,761	13,523	45,076
Finance			7,376		1,639	2,459	4.919	16,395
Governance			10,804	2,401		3,601	7,203	24,009
	18,421		82,060	13,792		20,686	41,374	156,333
GOVERNANCE COSTS
							Total	Total
							2022	2021
							6	6
Current year Auditors'	remuneration		(inc VAT) - audit				18,360	9,360
Current year Auditors'	remuneration		(inc VAT) —non		audit		1.140	1,'I40
Strategic planning costs								13,510
							19,500	24,0't 0

Staff costs were as follows;
	2022	2021
	5	5
Wages and salaries	443,094	466,531
Social security costs	19,466	33,385
Pension costs	69,022	53,479
Total	531,582	553,395
The average number of persons employed	by the charity during the year was as follows:
	2022	2021
	5	5
Management	6	6
Mobilisation	13	6
Administration	9	13
Total	28

TANGIBLE FIXEDASSETS
	Freehold
	property k	Equipment 6	Total 6
Cost
At 1 October 2021	545,091	209,792	754,883
Additions	91,088		91,088
At 30September 2022	636,179	209,792	845,971
Depreciation
At 1 October 2021	3,983	209,205	213,188
Charge for the year		221	221
At 30September 2022	3,983	209,428	213,409
Net book value
At 30September 2022	632,196	366	632,562
At 30September 2021	541,108	587	541,895

11.	INTANGIBLE FIXEDA	SSETS
				Totalf
	Cost
	At 1 October 2021		28,384	28,384
	Additions
	Disposals
	At 30September 2022		28,384	28,384
	Amortisation
	At 1October 2021		23,333	23,333
	Charge for the year		1,263	1,263
	On Disposals
	At 30September 2022		24,596	24,596
	Net book value
	At 30September 2022		3,788	3,788
	At 30September 2021		5,051	5,051
12.	FIXEDASSET INVESTMENTS
			2022f	2021
	Unlisted Investments
	Cash deposits matudng	&12months	756,021	243,000
	Listed Investments
	At market value
	At 1 October		717,407	629,041
	Unrealised gain / (loss)		(71,171)	88,366
	At 30September 2022		646,236	717,407
	Total Fixed Asset Investments		1,402,257	960,407

				2022f	2021f
Loan	to	Executive	Director	120,000	120,000

14.	DEBTORS
				2022	2021f
	Due from other SIM offices			209,956	30,001
	Other debtors			26,380	87,559
	Missionaries'	Personal	Funds (see note 18)	4,835	1,846
	Prepayments	&accrued Income		215,392	22,436
				456,563	141,842
15.	CURRENT ASSET INVESTMENTS
				2022f	2021f
	Cash deposits	maturing	& 12months	670,000	923,000
16.	CASH AT BANK AND		IN HAND
				2022f	2021f
	Cash deposits			2,427,849	2,870,765

FOR	THE YEAR ENDED 30SEPTEMBER2022
17.	CREDITORS
		2022	2021
		8	8
	Due to other SIM offices	76,407	79,703
	Taxation 8 Social Security	43,747	25
	Other Creditors	88,155	116,498
	lUlissionaries' Personal Funds (see note 18)	184,229	147,893
	Accrusls & Deferred Income	22,158	49,250
	Pension Deficit (see note 23)	4,930	16,315
		419,626	409,682
	Amounts due after one year
	Pension Deficit (see note 23)	6,853	42,624
18.	MISSIONARIES PERSONAL FUNDS
		2022	2021
		6	8
	Balance at the beginning ofthe year	146,047	146,950
	Allowances and transfers	930,500	813,464
		1,076,547	980,414
	Less: Payments from personal accounts	(897,153)	(814,367)
	Balance at the end ofthe year	179,394	146,047
	Missionaries' Personal Funds —Debtors —note 14	(4,835)	(1,846)
	Missionaries' Personal Funds —Creditors —note 17	184,229	147,893
	Balance at the end ofthe year	179,394	146,047

			1 October	income I	Gains/	Transferal	30September
			202'l 8	(expenditure) 8	(losses) E	in)(out) 6	2022 K
Unrestricted		funds
General fund			512,672	160,948	8,340	45,062	727,022
Strategy fund			903,198			65,775	968,973
Asset fund			546,746			1,484	548,230
			1,962,818	160,948	8,340	112,321	2,244,225
Designated		funds
Designated		funds	988,014	(26,325)		(100,510)	861,179
Expendable		endowment	fund
Dental fund			23'l,23'I	5,580	(31,355)	(11,811)	193,645
Restricted	funds
Missionary	support		1,741,875	(632,779)		31,717	1,140,813
Projects			186,718	692,677		(31,717)	847,678
			1,928,593	59,898			1,988,491
Total offunds			5,110,454	200,101	(23,015)		5,287,540

STATEMENT OF FUNDS (continue	STATEMENT OF FUNDS (continue	STATEMENT OF FUNDS (continue	STATEMENT OF FUNDS (continue	d)
STATEMENT OF FUNDS - PRIOR				YEAR
			1 October	Income l	Gainsl	Transferal	30September
			2020 6	(expenditure) 8	(losses) f	inl (out) f	202'I f
Unrestricted		funds
General fund			422,099	(1,850)	88,366	4,057	512,672
Special Project Funds			1,472,737	(38,394)		(531,145)	903,198
Asset fund			22,253	(3,508)		528,001	546,746
			1,917,089	(43,752)	88,368	913	1,962,616
Designated		funds
Designated		funds	1,015,569	(26,642)		(913)	988,014
Expendable		endowment	fund
Dental fund			225,000	6,231			231,231
Restricted		funds
Missionary	support		1,462,800	310,118		(31,043)	1,741,875
Projects			186,349	(30,574)		31,043	186,718
			1,649,149	279,444			1,928,593
Total offunds			4,806,807	215,281	88,366		5,110,454

		Unrestricted	Designated	Restricted	Expendable Endowment	2022
		Funds	Funds	Funds	Funds	TotaIFunds
		6	6	5	8	6
Tangible	Fixed Assets	632,562				632,562
Intangible Fixed Assets		3,786				3,788
Investments		1,208,612			193,645	1,402,257
Non Current Assets		120,000				120,000
Current	Assets	704,742	861,179	1,986,491		3,554,412
Current	Liabilities	(419,626)				(419,626)
Long Term Liabilities		(5,853)				(5,853)
		2,244,225	861,179	1,988+91	193,645	5,287,540
					Expendable
		Unrestricted	Designated	Restricted	Endowment	2021
		Funds	Funds	Funds	Funds	TotalFunds
		5	5	5	6	6
Tangible	Fixed Assets	541,695				541,695
Intangible Fixed Assets		5,051				5,051
Investments		735,407			225,000	960,407
fton Current Assets		120,000				120,000
Current	Assets	1,012,769	988,014	1,928,593	6,231	3,935,607
Current	Liabilities	(409,682)				(409,682)
Long Term Liabilities		(42,624)				(42,624)
		1,982,616	988,014	1,928,593	231,231	5,110,454

FOR	THE YEAR ENDED	30SEPTEMB	ER2022
21.	RECONCILIATION OF	NET MOVEMENT	IN FUNDS	TO NET CASH FLOW FROM
	OPERATING ACTIVITIES
				2022		2021
				5		6
	Net income for the year			177,086		303,647
	A~df A f
	Depreciation			221		7,649
	Amortisation (Gain) Iloss on investments			1,263 71,171		1,684 (ee,'366)
	Actuarial (gains)/ lasses	on defined benefit
	pension scheme			(46,156)
	Interest and investment	income		(50,895)		(1e,780)
	Decrease r (increase) in	debtors		(314,721)		(16,298)
	(Decrease) I increase in	creditors		21,329		(23,341)
	Net cash provided by)
	(used in) operating activities			(142,702)		166,215
22.	ANALYSIS OF CHANGES IN NET DEBT
				1October	30	September
				2021	Cash flows	2022
				5	5	E
	Cash at bank and in hand		16	2,870,765	(442,916)	2,427,849
	Cash deposits maturing Cash deposits maturing	&12months & 12months	15 12	923,000 243,000	(253,000) 513,021	670,000 756,021
				4,036,765	(182,895)	3,853,870

				September	September	September
				2022	2021	2010
				6	6
Present	value	of	provision	10.783	55,877	71,552

RECONCI	LIATIO	N OF OPENING	AND	CLOSING	PROVISIO	NS
						30September	30September
						2022	2021
						6	6
Provision	at start	ofperiod				55,877	71,552
Unwinding	ofthe	discourd factor	(interest	expense)		364
Deficit contribution		paid				(10,539)	(15,913)
Remeasurements		-impact of any	change	in assumptions		(629)	(128)
Remeasurements		-amendments	to the contribution		schedule	(34,290)
Provision	at end of period					10,783	55,877

INCOME AND EX	PENDITURE IMPACT
				30September	30September
				2022	2021
				2
Interest expense				364	366
Remeasurements	-impact ofany change in	assumptions		(629)	(128)
Remeasurements-	amendments to the contribution		schedule	(34,200)
Contributions paid	in respect offuture service*
Costs recognised	in income and expenditure	account

			30	September	30September	30September
			'A	per annum	'yo per annum	'A per annum
Present	value	ofprovision		6.00	0.72	058

Year	Ending	September	September	September
		2022	2021	2020
		8	8	8
Year	1	4,930	16,390	15,913
Year	2	4,930	16,882	16,390
Year	3	923	17,388	16,882
Year	4		5,882	17,388
Year	5			5,882
Year	6
Year	7
Year	8
Year	9
Year	10
Year	11
Year	12
Year	13
Year	14
Year	15
Year	16
Year	17
Year	18
Year	19
Year	20

LESSEE:
At 30 September 2022 the total of the Charity's	future	minimum	lease payments	under	non-
cenoefiable operating leases was:
			2022f		2021f
Equipment Within 1year			2,054		2,336
Between 1 and 5years			2,123		4,177
After more than 5years
			4,177		6,513

									2022f	2021f
Contracted	for	building	works	on	the	registered	offioe	premise		102,367

						Expendable
	Note	Unrestricted	Designated		Restricted	Endowment	2021
		Funds		Funds	Funds	Funds	Total
				6	E	6	8
INCOME FROM
Donations	3	276.672			3,870,827		4,147,499
Legacies		31,289					77,730
Investments	4	12,529				6,231	18,760
Other income		4,833					4,833
TOTAL INCOME		325,323			3,917,268	6,231	4,248,822
EXPENDITURE ON
Raising funds		18,421					18,421
Charitable activities		350,654		26,642	3,637,824	-	4,015,120
TOTAL
EXPENDITURE	6,7	369,075		26,642	3,637,824		4,033,541
NET (EXPENDITURE)l
INCOME BEFORE
INVESTMENTS
GAINS/(LOSSES)		(43,752)		(26,842)	279,444	6,231	215,281
Gain on disposal
offixed assets
Net gains r (losses)
on investments		88,366					88,366
Transfers between
funds	20	913		(913)
NET MOVEMENT
IN FUNDS		45,527		(27,555)	279,444	6,231	303,647
RECONCILIATION
OF FUNDS:
TOTAL FUh!OS
BROUGHT
FORWARD	19	1,917,089		1,015,569	1,649,149	225,000	4,806,807
TOTALFUNDS
CARRIED
FORWARD	19	1,962,616		988,014	1,928,593	231,231	5,110,454