The Society for Advancing the Christian Faith
Report and Financial Statements
for the year ended
31 March 2024

The Society for Advancing the Christian Faith
Report and Financial Statements
for the year ended 31 March 2024
88￿[￿? ShEel
10-12

Governors, Officers, Advisers and Auditors
Ea1 crfcoth and (kTPry ILd# aTrJ Cthvrnanl
Thtr Revererthj Chat*s C8rd-Rrynt4Js
Thè Rav8rorn1 thJncafi fknnor lappithj m 9th Novernbgr2UfJl
Mf. Juhan TregonirrfJ
Sian C￿ff
Tr•a•ur•r
Mr Hamilon FCA
c0nts¢tAddY￿•
6 St ma￿n¥ Pl**
WC2N 4JJ
Nufflbor
PrInci￿1 B*k
Reharth B9r
Faith Hou
Loryjon
EC3R 8EB
SW1P 3JT
Audllorn
SS11 8YU

Governors, Report
The Govemors present their rewxt a￿1 finaTwI statemwts for the year ended 31 March 2024
Prfn¢ipal acllvlty
The prinupal ac*vity ofthe Sociaty is defined on page 5. The Govemm l*ve comtyled vAth the duJes set
out in the Charths Act 2011 and ¢I￿rM that th¢y have referred to the guidance ¢ontsined tn the Chaiity
Commission's general to charitEs on pU￿1C V*t*n mithwing the Societys aims and
otjieclives. and when FdannlThJ IlrtU￿ xtivities •KI ¥¢tbry th? grant-mthng policy for the year.
Incomlng res￿J1ceS for the year were £71.249 12023- £64.064). Charitable donations made in the year
wefe £33.604 (2023 - £62,173). The So¢w continues to adequate arKI available resourres lo
continua its clwitable xb¥ibes.
Rosw¥w Pollcy
The source of the Stiue￿5 irthmè is defived from investrnent income. The Govemots believe that
it is d•sirable, so far as possible, to rnaintain the stabilty of chavita￿e dlstrlbutions. In order to provkl8
this stability it is th&ir poly to retaii. in reserye. at 8 levd to enable d1stn.toj￿nS to continue
the fmeeatAe future.
The totd am(A￿tt a¥•ilab￿ for dwtiable distri1￿ al the oflhe >￿r was £54.803 {2023. £22,620).
Govemors a￿ ele(led lo the s￿ ty a Wdiiety of melhods thè in the UK in accordance
the detail ouwined in the Sou"eVs Charter. A copy of the Sooety's Charter ean be obtained from the
The Govemors ofthe at the end Of￿ J*ar at the d* of spaning these finanoal statements

Governors, Report- continued
Govemord the o¥er811 reSp)￿trIty for that ts ScKiety h&8 an system of ¢x)ntrd8.
finanaal and oth*vriÈe. Tr systsns offtsnoal (xjnlrvl are de¥￿Jn?d to prgvth re850nablg, but not absolut•.
means to mrtig* th￿.
Legal and knlnl*tralfv• D•tsH•
Th& So¢*ty rwJistwtd 88 a c*Arity, nwrthr 257889. go￿1Th￿ ol the Soc• kg the Board of
I3)vem0￿ and ils governiTrJ dooMn¢nts ts Roya5 Charter 1794 and $LO8eqi*nt amendments. Ther• a
no restric*ons ethr Up￿ th* way tr* So¢rfi can opernte or Iho in¥e8tm8nt ofthe Govemor8.
reqvirenwts otthe Royal Charter.
Oryanl•
Audliorn
In accordan￿ *ith SeL*on 144 ofts Chaiitw Ad 2011. a reK4ution prc?￿r0 that Sygma Chartargd
Th8 Ead ol CO￿ and Cknry
Mr. Julian Tregmn9

The Society
The s¢￿ found￿ in 1891 WKI Trc*iwJ ts R¢4al Charter In 1PJ4. Thi5 Wa8 Subsequonty amèntsj
by Royal Charter in 1￿ aTrJ a SLyp￿r￿181 Chartw ￿ t￿. Tr Scthtysfun nam is Tr ScK*ty fot
Ad¥8ncang th8 ch￿tIan Fath kn lh8 Wost4TrA18laTrJs aThl wilhin th8 t*OC••o of
JomaKg ar>J of Ba￿th and the L•v*ard aTra •) Mauribus-.
Erv4larxJ res¥kfit in the ￿lSh WesVlrKJiH Islands Mauvitrjs lor lh8 Purp￿ al #dvan¢aw th• Cbtsban
Fath tn 811 part5 01 Ihe Provknce ofthe West lTrJ*s. Ihe DkK*888 ¢n Ih6 IS￿￿￿ tsf Mada9ascar aThJ th•
Statement of Governors, Responsibilities
loreach financial year Ihat gNe a In￿ aThJ f*r viawollhè sLal• of alwairn So• and of thB surplL
atoJrdry, th8 finarKial ofthe SWI aThJ enab18 them to ayortaiTr ils finanual posity.on
aThJ to ensu￿ Ihat ihe finanaal Slaknm￿ currfi Ihe ChantssPd2011. char￿&5 lknunts
aThJ Rtwtsi ReguLqt*Jns 2(Kl8 aTrJ the Royal Charkr. Tlw atso art TB5POn5&>1e for saf•Ju¥ding
aThJ otl*r ¥reguL4ritW5.

Report of the Independent Auditors to the Governors of
The Society for Advancing the Christian Faith
Opknlon
in thè UIL indu(Ir¥ the FRC'$ Str￿j¥d. f•hJfwwc4her eltka knlth I
21YJ8 rwuir8 ￿ trj ver#NL
Contlnu•d •n pg•7...................

Report of the Independent Auditors to the Governors of
The Society for Advancing the Christian Faith (continued
S5118YU

Statement of Financial Activities
For th• y•ar •nd•d 31 IAarth 2024
2024
2023
Unrnstrfctod
Unreslr5¢ted
funds
Incomlng Rosourc•s
Inv•stment income
71.249
64,064
Totsl Incoming Ro￿X
71.249
Expendrture on charitable acllvthes
Goveman* arwj administration
62.173
6,548
5,462
39.066
68,721
Net Incomlng l {(Xtylng Rowrc8¥) for ￿ yoAr
31183
{4,65n
(knr Rownl¥od Gthn¥ I ILoty8es
167,706
(76.1471
Not mov•m8nt In funds
199,889
(80,804)
Roconcllladon of funds
Total fund8 brought fopABrd
2.021.034
2,101,838
Totsl funds carried forw•
1220,923
2,021,034

Balance Sheet
A• at 31 Mareh 2024
2024
21)23
Investrnents
Common Investmert FuThJs
1166.120
1.998.414
Totsl Flx•d ABsets
2.1W120
1,998,414
Current asset investment
Cash at bank and in hand
20.OIXI
72.049
20.OIKI
35,7￿2
Total Curr•nt Ass•ts
92.049
SS.702
Uabllltle•: amounts falling Ikn
within ona yg8r
1372461
133.082)
N•t Curr•nt Ao80ts
4803
22,620
2.220.923
2,021.034
The Funds oftho S￿lety (all
LMg-Tem Caylal FuThJ
Working Capftal Fund
2,166,120
54.803
1.998,414
22,620
Tot•1 Socl•ty Funds
2.220.923
2.021,034
on th•ir behaf.
The Earf olCO￿ and OThwy
Jullan Trewlrwa

Notes to the Financial Statements
1 A¢¢ounting poli¢168
{a) Tr financial statements h￿e kyepared ur#Jerthe hislon'cal cost ¢onvenlion as modir
by rfrvalu*￿n of invest￿￿ to market value and in acCOthn￿ with applicab￿ accounttng
standards, th& Charities Act 2011 ar￿ Stat•Y*nt of Remrmènded Practice (FRS102)
"Accounting and Reporting by Charriies"
(bl lnc1yni￿J Resources
All irKome is recogni89J in the statem￿ of financial athlE￿ when the cnnditions of receipt
have been mat 8nd th8r8 is roason* assurance of ￿elp1. Where a daim for repayment
(¢) Investmots
Managed fiJrKls arn valusd at M￿￿m￿k￿ va￿.
R8alised goins or k)sses repment the difference net sales prougds and pur¢hgse
price or, rf prevThJsty valued. the valuat*)n at ￿ last bala￿e sheet date. UnrealL8&J gains or
losses represent difference bet41een the mthet value and historic cost at the date of the
balm sheet
baknce sheet date arml their wrcha5e rKKes w. rftlvy have been ￿¥8¥￿ty valued, thelr
valLthn at thg last baknce she8t dat•.
{dl Fund Accountirvj
The Ltyy-Tem C4rtal Fund rwesents the values ofthe invesknRnts at Balance Shogt
dale. Any chafye in the vaue d the InVestrn￿ duriTrJ ts year is reflthj in this fvnd
The WorkiThJ Capital Fund is the anN)unt available for distn"bution in fijture years. It is intended
that this Fund be rnaintained at a levd d appr0￿matelY t%w) yearB' charitable expfjnditure.
le) Charitsble exepnditu
Charitable atlriiites grants pay*. Grants pWle are xccwnted ￿ wI￿n
Ifj GovgmarKe ujsts
are mèt by the &Kiety.
10

Notes to the Financial Statements - continued
2023
.167
10M7
3,897
71
4 GrarA
In **hth8 ctyds L4lhÈ SN*. as destrbBd on page 5. ts S(¥Jety makes gmnts to tr
inslrurJj￿ lo ￿ pwL4iths.
2023
10,IXIO
15,452
6,￿0
10,LX)O
13235
klahajarqa, Madaga8
EaslCartla8n Ar
61,152
TM C￿t9 ofllis (￿￿ar wd5£525 I2￿￿J47.￿2ll
2023
1328
l1J6
2,138

Notes to the Financial Statements - continued
Market Vdueat 1 th"12023
1x414
1074.ffil
107.701
(T6,74n
l1e6.12D
1.998,414
Hi8bxkoJ8tat31 2024
1.591,240
37.216
33.062
8 Tr• olth• Srt
C•pMol Fw
Fyr¥l¥
I,M414
1021.034
31183
167.706
&rF4us
21143
167.7
1M,120
I2Xb,9
g Taxalon
12