Company regi51rati¢Jn numberiTh)945991 IEnBland and Wale51
arity ￿lstratIOn number 258253 IEnEland and Wale51
SLAVIC GOSPEL ASSOCIATION (BRITISH SEcfioN) LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Doc ID.. 702a7637fSdr238561cba17708434463bb86a415

SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
LEGAL AND ADMINisfRATIVE INFORMATION
Tyustees
Dr F A levins
MTSRWest
Rev R W Trainer
RÈVJ A Knox
MrCJKSrnith
Mr D F Harvey
Rev P J Kinnaird
(Appointed 2 June 20251
Ch*rlty number
258253
Company number
IXIy5991
Reglstered offlce
22 Little Church Street
Rugbv
Warwic*shire
England
CV213AW
Audttor
Jarnes Todd & Co Limited
Drayton House
Drayton La
ChKhester
West Sussex
Engl8r
P020 2EW
Bankèrs
Barclay5 Bank PLC
North Street
Rugbv
Warwickshlre
CV212AH
Doc ID.. 702a7637fSdr238561cba17708434463bb86a415

SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
CONTENTS
Page
TrustÈes' report
Independent auditor'5 ￿port
9-11
statement of financial acttvittes
12
Balance sheet
13
Stèternent of cash flows
14
Notes to the flnancial 5tatemehts
15-30
Doc ID.. 702a7637fSdr238561cba17708434463bb86a415

SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
TRUSTEES, REPORT (INCLUDING DIRECtORS' REPORn
FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees present their annual rewrt and financial staiements for the yearended 31 December 2025.
The flnancial statements have been prepared in accordance with the accounong policies set out in note I to the flnantial
statements and compw with the tharity's governing document, the Companies Att 2(X)6 and "Accounting and RÈporknng by
Charl￿eS." Statement of Recommended Prathce applicable to charities preparing their accounts In accordance with the
Financial Reporring Stsndard applicable In the UK ènd Republic ol Ireland IFRS 1021. leffecrive l January 20191.
Objectives and artivitie5
The objects of SGA are to assist the Church in CentTrl and Eastern EuroFe. Central Asia. Far East Russia and Mon8olia to
becoyne fully equipped to fullil the Great Commission of Jesus Chnst. particularly amon8 Its own pecples by trainin8 workers,
sponsorin8 leader5J providin8 Christian lrterature and distributrng aid.
The rnean5 adopted to accornpli5h the objecbve5 of the charity are Summed up in the purpose 5tatement- To serve Christ and
Hi5 Church.
The charlty believes that the most effethve way for the Mission to achieve its objethves is to fhd tynd support10¢41 churches
and indlviduals who have the vision to make Jesus and the love of God known through their words and )ttlons. Therefore, the
charity makes grants, provides leachin& traini￿ gifts in kn'nd and other resources to ¢hurthes. irnllviduals. and or88n4￿￿on$
throuÉh thelr four core ministries..
111 Blbllcal Leadershlp Tralr*ln8 lTralnln8 Workers1 which prepares the indigenous church for Chrisfjan servlce through our
Mlssion Schools. Over the years, leadership training, theological studies, ènd other eéucationèl training have been offered to
students in Poland, Slovakia, Hungary. Serbia, Bulgaria. Romania, Moldova. V*ralne. and Central Asia. Gifted ChrIs￿an workers
recommended by the local churches are gwen the opportunity to undertake a course of study to equip them for a Ilfetime of
Chr15ttan servSce whkh brlngs maximum benefits to the publlc.
Students In Balti Mlssion School. Moldova, aThJ Almaty Bible Institute. Kazakhstsn receive grant5 to help cover the costs
Involved.
In addidon, Resources lor Ministry. forrnerl¥ krthvn as the IndeFendent Corresp)ndence Bible School in Central Asla, provlde5
Chri5ttan education throu8h extension learnin&
121 Leadership Support ISupportln8 Ltadenl in¢ludes providin8 fvnds for pioneerin8 Gts5pel workers, evanÈellsts, church
planters and rnissionary p4stor5. This olfer5 practical and financial 355iStance to Christian workers who cannot be 5UPPOrted in-
country. If thi5 SUPPOrt were not available some would be require(I to leave their Christian rninistry for work opportunities
elsewhere. Also, supporbng other church project5 that include rnaking grant5 toward5 the purchase or building of public places
of worship and providing transwrtation for evangelists and pastots. is helping to advance the Gospd.
131 Chris￿an Liierature IPublishing Lite￿V￿] provides resources such a$ Bibles and other lfterature in countries that have
limited Biblical resources. 8ible Commentaries plus other resources provide helpful informafjon in understanding Biblical
141 Crlsls Response 101str1bu￿ThZ Aldl provides v￿la1 support through poverty relief. medical assistsnce. food aid. emergency
aid, 8nd disaster relief programmes. These efforts are designed to meet urgent needs and serve communittes In ttmes of crlsls.
This support also enables our partners to demOn￿rate God's lo%* in practical and meaningful ways. Through this mlnistry,
those who are poor and in need-including ihe vulnerable. forsaken. forgotten, and neglerted receive essential care and
assistance.
lrnpoverished communities are provided with the nece55ities for Survival, along with ac￿55 to medr31 care at crthcal
moments. The irnpact of this work is significant. delivering widespread and lastinE public benefit tothose who need it most.
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
TRUSTEES, REPORT (INCLUDING DIRECtORS' REPORn (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
strategleslor a£hlevlng alms and oblectl¥es
Grant rnaking policv
Grant making is always in response to request5 from church leaders in Ea5terTh Europe, Central Asia, Far East Russia and
Mongolia. or a need observed by staff while on Field trips_ Grants are onty made to known partners and those recommended
by long 5tsnding and trusted source5. Tru5tee5 have delegated responsibility for grant making from funds to the General
Director for grants up to £IO.000 from General Funds and £20,￿0 from Desi¥nated Funds. Amounts in exce55 of thi5 must be
approved bythe Board of Director5.
We re¢ognise the need to take steps to prevent the use of grants foT money launderin& ierrtsrist aciivity, bribery and purw)ses
other than those for whith they wÈrÈ given. To this end, Tnjstees hold SGA'S partners atcountable for the funds, rèsourtès, aid
or tralning they have reteived and require them to pfodute regular reports of their attiVi￿e$ and use of funding. In addltion,
SGA staff mÈmbers vlsit partners who receive funding or other help from SGA.
All our partners understand that the 8rants, tralnln& or gifts In klnd are to be used lor the benèfit of the communlty they serve
and are to be freely avallable to all sertlons of the community.
Achlevements and porforman¢t
Tralnlni Workers
Teaching continue5 across SGA-5UPPOrted mi55ion SCI￿15 and Bible Institute5 throughout Central Eastern Europe, as well
a5 Central and Northern Asia. Schools in 6ul8aria, Poland. and Moldova are currently experiencing stron8 enrolment, with
healthy student 8roup5.
In Rornania, the Practical School of Theolo8y in Oradea offer5 course5 that coffjplernent the pro8rarnff￿ at Emanuel Chr15tian
Unlver51tVi which a150 receives ￿rtta1 5UPPOrt from SGA.
Despite the ongoing conflict, Odessa Theologic¥l Seminary in Vkraifie. financialty supported by 5GA confjnues to provide
courses at all levels of theologital edu¢atlon.
In Asia, trainin8 efforts a￿ making steady pro&￿$$. A major encouragement comes from Almaty Bible Insfjtuie, which has
welcomed its largest-ever intske this academic year, wirh 110 Siudents enrolled.
Partnerships with the Western Siberian Bible College in Omsk, Russia. and the Preachers, School In Mongolia are also
developlng steadily, contributtn8 to the ongoing growth ol ministry rraining in the reg￿n.
Suppordn8 Leaders
This project provides financlal assistsnce to mlsslonary famllies. supports the estsbllshment ol House5 of Prayer, and helps
meet transportation needs.
There are approximately 2LN) SGA-supported missionary pastors and students serving across Central and Eastern Europe, a5
well as Central and Northern Asia. Ower the past ￿ar. twenty-rhree new missionary families have been added to the support
programme. The Board of Director5 is committed to maintainin8 SUPkKIrt for our current number of national Gospel workers
and 5U5tainin8 all ongoing field projects at their present level.
Church BuildinBS- Funds were allocated for the purchase and recon5tTUCtion of Houses of Prayer in Moldova, Romania, and
Armeni3. Additionally, a loan w45 provided to a church in Poland to SUPtK)rt the refvrbi5hrnent of its building.
Tran$portation
Mi55ionarie5 in North ma￿do￿la. Ukrairbe. arKI Tajikistan receNed 51JPPOrt for vehicle repairs and
replacetnents, while two vehicles were provided in Kazakh5tsn.
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
TRUSTEES, REPORT (INCLUDING DIRECtORS' REPORn (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Publishing Literature
SGA continues to focus its literature efforts on Bible projects in several languages. Funding was provided for Bible publications
In Kyreyzstan, and alongside our partners. Bibles We￿ also distributed in Ukraine.
DurinE 2025, several Bible projects were supported in Arnienia. including Family Bible5, New Testsment5, and Russianl
Armenian bilingual editions. Funding for the Nenets Bible translation project is ongoing. while the North M3cedonian New
Testament has now been Completed. Books were also published in Slova
Regular 5UPPOrt Wa5 provided for in%ountrywriter5 in Macedonia and Rornania.
Dl#rlbutln8 Ald
Wldows, Prolect.. This projed Con￿nueS to expand. pfoviding essentfal funding for viial svpplies su¢h as heafjn& medical care.
food, and clothing across Centrnl and Eastern Europe. as well as Central Asia.
Hope Centres: Hope Centres offer food ènd shelter to homeless children and other vulnerable Indfvlduals.
Durlng the year, the Construc￿On of these lacilines was supported in Uzbekistan, Kyrwstan. and Armenia.
SGA has also COn￿nUed Its slgnthcani ftnanclèl support throughout 202S for the Christlan humanltarlan organSzatton Bread of
Llfe In Serbla, deliverlng meanlngful public ￿nefi"l io all ihose who have recelved asslstance.
Ukralne
Durlng 2025, the Mission's cornmitment to Sup￿r￿n8 the most vulnerable has ￿en clearly demon5tr*ed through a number
ol important initiatives.
Funding Wa5 provlded to supply fresh bottled water to sthtral village Communi￿e$, eTh5urin8 access to safe drlnking water In
areas of urgent need.
Hundreds of widows and children, Intludin8 many whts hove lost lo¥ed ones due to the wJr, h•¥e received prnctical and
spiritu81 support through local churthe$.
The Medical Evangelism Ministry in Ukraine has been offeriNK f￿e health checks. with 5GA fundin& ¢overin8 the cost of
essenfjal medi¢atlons.
Followin8 consultètion with Ukrainian church leade￿. it has been agreed that funds should be allocated to meet both ongoing
and future needs. It is evident that Sl8nificant financial ￿sOurceS will ￿ ￿qUI￿d when the war ts)mes to an end.
Prlorltyfunding areas
Conttnued relief for refugees
Carlng for wldows ènd famllSes
Post-trauma treatmeni
Grace Shelter & Transitton House
Rebuilding Houses of prayer
Printing of Bible Sets
Resettling SGA'S ministry partners
Replacing vehicles
£140,(
£40,iNXS
£20,{￿￿$
£is,(
£70,1X￿•
£50,OCN)
£70,OC
£40.IJXI
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
TRUSTEES, REPORT (INCLUDING DIRECtORS' REPORn (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Phoebe Projects
The following ministries received funding.
Ministry in Central Asia received lundin8 for a sheher for Vulnerable mothers and children and sp)nsorship for a
missionary to Muslirn wornen.
Two rni55ionarie5 who evarylize children are supported Marina Tapcova IRu55ial and Bohu51ava Havrilova
Emanuel H05pice, Oradea, Romania alonK with Ca5a Filip. Cluj. Romania, Tecei¥ed 5ub5tsntial fund5. Both of these
facilitie5 offer care to the terminally ill.
Mary's House which offets at¢ommodatlon and £ounsÈlling fof women in crisis pregnancy situatlons, including those
considering aborfjon. offering SUPW)rt during a difficult tyme.
Grace Shelter whlch offers children vltal care. House parents Olesya Krokhlnova and Maria Shykina are currently
provlding a safe and stable environment for 40 children and young people.
Chlldren's Mlnlstry
Funds supported camp mlnistrle5. enabling thousands of children to artend camps across Mongolia, Central AsSa, Moldova,
and Ukraine. Additional funding 51tpported the-joy of Christmas" initiaDve In Central Asia, Mongolia, and Armenla. providing
Chri5tma5 gift5 to thousand5 of childreTh, with a similar pro8ramme also established in Ukraine and Moldova.
Medla Mlnlstry IRadlo & TVI
On8oin8 support was provided lor two radio pro8rarnmes via Trans World Radio in Central Asia and ore in Mon8oli3.
Additronal resource5 were used to distribute radios and preloaded SD card5 across Central Asia. A weekly TV pro8romme
produced by SGA-spon50red Romaniarl m155ionary Mihai Ch￿e￿a 0150 received fundin8 to help cover production and
broadcastyn8 costs.
Future Adlvltles
Mlnlstry developrnent5'.
SGA is actrvely engaged in dlscussions wrf(h rnini5try partners re8ardin8 the Con￿n￿ed de¥elopm2nt ol work In
Mon8olia.
Armenia, as a new SGA rnini5try country. is currently under discussion with the Field Director and Assistant to the
Field Director, with several ministry opportunitres bein8 explored.
It has bee a8reed to explore new rnini5tryopportunitbe5 across Central Europe.
8iblesfvr the Nations 15 a special project carried out in partnership with other or8anisations. Durin8 2026, there are
ambitiou5 plan5 to publish and distril￿te Bible 5et5 acr055 Central Asia. including Turkmeni5tsn.
Literature projects are beinge5tablished in Sbvakia. in partnership with The Gospel Coalition.
The Preachers, School in Mongolia 15 expandin& with the prospect of enrolling its largest numberof 5tudent5 to date.
The Mission intends to continue supporting its current numbeT of sponsored tni55ionary pastors and to Tnaintain
funding for all ongoing projects atross Centfal & Eastern Europe and CÈntral & Northern Asia. Funding will be rèised
through deputation meetings, the publication of three projert leaflets annually. the Projett Response Form included
in bi-monthly mailings, and credit Cardlonline giving.
The Mission also seeks to expand camp ministry in Armenia. Mon801ia. and Siberia.
Regional Representative posts are needed in severnl UK regions, which we are artlvely seekingto fill.
Pl8ns are in place for two mission trips in summer 2026. wtth one to Hungary and another to Romankl. Thls Is a
unique opportunity to Iniroduce people to world mission.
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
TRUSTEES, REPORT (INCLUDING DIRECtORS' REPORn (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Strategies
All projects were funded by donations Irorn churches and individuals throughout United Kingdom and Ireland.
Throu8hout the year, the chanty produced three project leaflets and Six "Response Cards." which were distributed alongside
the bi-monthly mail-out. In addition. efforts were made to promote online givin& standing order5, and credit card donations
to encourage regul3rfinancial 5UPPOrt.
Incorne from legacie5 and trusts a150 provbded a significant contsijxjtion to overall fvnding. Where applicable. Gift Aid wa5
claimed. further enhancing the value of donations received.
The Char￿V successfully met all projert 8oals In Central & Eastern Europe antl Centtsl & Northern Asia through a ¢ombination
of d*putèfjon, mail-outs. and sponsorship initlatlves.
The role of Volunteers
The Trustees are deeply grateful to the many volunteers across the UK who generously give thelr fjme and energy to support
Slèvic Gospel Association and its partners. Volunteers contribute in a variety of ways. including occasionèlly asslsttng in the
office with the preparation of the bi-monthly mail-out. Others play an important role In planning itineraries for staff members.
In addltron, Phoebe Representallves serve In a ￿lUntary Capacity. providing valuable support to the organlsatton's work.
Actlvltlesforthe publlc benefit
SGA currently serves local evangelical churches through four key areas of ministry.. Biblical Leadership Training, Leadershlp
Support. Chrisdan Literature, and Crisis Response. The purpose ol these actiVi￿e$l5 to equlp churche5 to effectively serve their
communities and provide a5515tance where it is most needed.
Across all projects and rninlstries, the public benefft to tr￿1¥idual5, families, and cornmunltres ￿malD5 central. Slnce Its
inception, the charity has been comrnitted to dernon5tratin8 COrnPa55ion for those in need and maintainin8 a corin81
supporttve approach toward the vulnerable disadvantsged.
R15k Mana8emert
The principle linanclal rlsk for SGA is ol receiving insuffiC￿￿t regular income to pay grants to its partners In Eastern Europe,
Central Asia, Far East Ru55ia and Mongolia. SGA limits this risk by regular c0mrnunica￿on with donors and acttvely 5eekln8 new
donors in particular churches and trust lunds.
Tru5tee5 are aware of other Inancial ri5k5 includin8 PO55ible fraud and have 5VStems in place to rnitiypte major risks, Cash 15
handled in both received and distributed ¥ifts. Fravd is countered by two signatories on receipts for all transactions being kept
che£ked against planned expenditure. Recipients of 8ifts are known to 5GA.
The Trustees a150 regularly review other opeTational risks tts which the ￿MpanY is exFx)sed are satisfied that systems a
in place to Initigate eXFX)su￿ to the fflajor risk5. which a￿ identified a5=
* Loss of key staff.. Each member of our small stsff pÈrforms a sign[F￿ant role. Good staff rÈlath)ns and a sense of Dwine calling
has led to an excellent retention record.
* Safety.. 5tèff ère briefed on personal safety precaubons to ￿takeTr while abroad.
SGA continues to develop policies and procedures to manage risk and ensure ÈffettSveness. probity and le8al and regulatory
compliance.
Project Fund AdMini￿ra￿oN
No administrative charge5 will be dedurted from funds allotated for spÈtial projetts IPFAI. All finantial gifts designated for
projerts, mission schools. and leadership support will ￿ distributed in full to their intended purw>ses.
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
TRUSTEES, REPORT (INCLUDING DIRECtORS' REPORn (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Key Performance Indicato
There are several measures in place to assess the impart that the charitys activthes are having irs Central & Eastern Europe
and Central & Northern A51a.
All recipients are held accountable to the Trustees ol Slavic Gospel Association for the fund5, ￿SOUrCes, aid or
training they have received and are expected to pr(￿UCe regular reports of their activitie5 and use of any funLling.
Regular visits are conducted with partners Teceiving ongoing funding. while ¢xcasional visits are made to those
receiving 5iEnific3nt one-off sUPPOrt. These vislt5 help gather and evaluate inforrnation on progre55 and impact.
The progress of Mission School Students 15 monitored through test, exarnination, and assignrnent resutts. In 3ddition,
the performance of graduates is tracke(I by Mi55ion *h¢)ol directors and local church leadership.
Parbcipants 5UPPOrted through leadership Support PTografflme5 provide regular report5. enabling the charity to
asse5$ their effectiveness. Each parbcipant also undergoe5 periodit finaniial reviews of their income.
Benefltiaries of transw)rtatton fundinKafe monitored on an ongoing basis to ensu￿ appropriatÈ USÈ and impèrt.
The effecttveness of the tharity's Crisis Response ministry is Èvaluated through regular reports and mÈettn8s
conducted during mlnistry trips by SGA staff.
All partners recognise that any grants. training. or 8Sfts in kind a￿ provided in pursult of the charlty's objethves and
are intended to benefit the wider community they serve.
A55et £over for funds
Note 25 sets out an an8lysls of the assets attfibutable to the varlous lunds and a descriptton of the trusts. These assets are
sufficient to meet the charlty's obligations on a fund-by-fuThd basis.
Flnan¢l•l revlew
The fi'nancial result for the year 5how5 a Surplus of £l,C*)6,17612024.. deficit of £188,490], before chan8es In fixed a55et
valuatton5.
It is the policy of the eharity that uhrestritted fvrbds whith have been desi8n¥ted fr*r a specffic use should be malntalned
for the followin8 reasons.
lal to provide funds which tan be tlesignated to specific projeths to enab* these projecis to be undertaken at short notyce and
Ibl to cover adminisirèoon, fund-raising and support Costs without whi¢h ihe charity coulo not funaion.
The trustees consider it prudent that designated reserves should be sufficient:
lal to avoid the necessity of realisingfixed assets held for the charity's use,.
Ibl to cover one year's administration fund-raising and support costs,.
Icl to provide a pool equal to IO% of the average charitable expendtture over the precedln8 two years from which funds Can
be designated to specific projetts.
The Board of Directors, which meets three ￿rneS per year. administers ihe Charity and by thi5 means monltors and ensures
that there is sufh'cient funding to give workin8 capiral for the forthcoming period. occasional￿ a sub-committee may be
appointed by the Board of Trustees to complete a parricvlar tas* and report back io the Board. The Trustees review their
strategy and consider how best to use the surplus free reserves.
Of the £1,658,108 01 unrestricted funds held at the ￿aT end. the trustees anticipate that these will be used for increased
lundinE for current projects and planned ministry expansion_
However, the diredor5 are aware ol the rbeed to have la￿e 5um5 readity available sornetirnes for emergenry relief and other
charitable purp05e5.
All stsfl 5818ries a￿ based on mèrket Value ènd a￿ not ￿rfOrMance related.
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
TRUSTEES, REPORT (INCLUDING DIRECtORS' REPORn (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Reserves pollcy
TrustÈes ￿ep undÈr review thÈ need for free rÈservÈs whith are those unrestrirted funds not invÈsted in tangible fixed assets
or dÈsignatÈd for 3 specific purpose. Currently, to allow SGA to be managed Èfficiently and to provde 3 buffer for adverse
Con￿ngentleS. the Trustees. policy is that such reseNes should be maintained at a level of between three and six months of
expendlture. The level of reserves required to be malniained is around £￿.()￿). Thls amount exludes the value of all assets
as dlsposlng of them could exceed six months.
The Trustees review the major risks that the Charity faces and believe that maifttaining the reserves èt the level ststed will
enable the Charity to meet Its short term commitments in the event of adverse conditions.
Inve$tment poll¢v
The 8oard of Slavic Gospel A550ciation has ruled that the preferred optr'on of the charity 15 to irwest fund5 in the many urgent
need5 presented on the Field rather than investment fflanaged fur￿5 in the iIK. Thi5 will be reviewed thould surplu5 fund5
become available.
Oat• pl￿e¢ll•h
In view of data protection re8uladons. the Trustees h•ve • policy in place. This pollcy is available on the Ch¥rity's webslte.
Safeguardlng Vulnerable fjroups
The Trustees have a policy ihat ouilines the ChariVs guidelines and precautfons In relatlon ¢0 vulnerable groups who are
being provided for or receiving care ihrough SGA fyndin8.
Structure, lovernance and Man￿ernert
The company is a company Iimired by guarantee, company number 00945991, and charity registratron Nmber 258253. The
flysheet to the accounts gives details of the charty's principal addresses and those of other relevant oryanisatrons.
The trustees, who ère also the directors for ihe purpose of company law, and who served during theyear and up to the date of
slgnature of the financial statementswere..
Dr F A levins
MrSRWest
Rev R W Trainer
Rev J A Knox
Mr E Macdonald
MrCJ Ksmith
(Resigned 31 Juty 20251
Mr D F Harvev
Rev P J Kinnaird
(Appointed 2Jur* 20251
Recrultment and appolntment of truAees
Trustees ère not pald for their servlce In this ro￿ other t￿n expenses and none had any finèncial beneficial interest In the
company. A reglster of Trustees. interesrs is hejd to ensure that there are no conflitts of interestand rhls Is updated annually.
The dlrectors act as Trustees of the Charity.
The dlrectors are the Counc51 Mem￿r$ to whom the o¥erall responsibility of managing and running the CharY(v is entrusted.
However, the General Director is responsible for implementing rhe vision and strategy agreed by Trustees and the day to day
running of the orEanisatron. A5 a ctropted member of the Council, he reports back at Trusiees, meetinES. All major policy
decisions and those concerning capitsl expenditure are ratified by the Council who meet every four months with occasDnal
online strategy rneetings as required.
The Council Mernber5 are encouraged to propose names of w55ible fvture members. considering their:
ski115, knowledge and experience
location and availabilty
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
TRUSTEES, REPORT (INCLUDING DIRECtORS' REPORn (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Informal meetings followed by formal meetings are held with potenrial members. leading to a decision by the Council as to
whether such persons are invited to serve. These procedures are accompanied by furnishing the candidate with the History
and Aims of SGA. the Doctrinal Statement and the Responsibilities of a Council Member.
A new Council Mernber 15 encourazed to undertak further traiThing related to his particular role inthe A550ciation.
The company ha5 51Ster orEanisations in Australia. Canada, New zealar￿ and the U￿.
Remuneratlon pollry
Tru5tee5 are not paid for their service in this ro￿ other than expenses Jnd none had any financial beneh'cial interest in the
company. A re8i5ter of Tru5tee5' interests Is hekl to ensure that there are no conflicts of inte￿stand th15 15 updated annually.
The director5 act a5 Tru5tee5 of the Charity.
statement of trustees. responslbllltles
The trustees, who are also the d1￿ctOrS of 51avic Gospel Asso¢iatyofi IBritlsh Secoonl Limited for the purpose of company law,
are responsible for preparing the Trustees. Report and the financial statements in accordance with ¥ppli¢ible law and Unlted
Klngdom Accountyng Standards (United Kingdom Generally Accepted Accountlng Practfcel.
Audltor
In accordance wlth the company's memorandum and artfcles of assocIa￿0Th. a resolutton proposlng that James Todd & Co. be
reappolnted as audltors of the company will be put to the Annual General Meettng.
The trustees, report was approved by the eoard of Trnstees.
Rev R W Trainer
TNstee
Dète..
0610712026
Doc ID.. 702a7637fSdr238561cba17708434463bb86a415

SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF SLAVIC GOSPEL ASSOCIATION (BRITISH SEclloNI LIMITED
Oplnlon
We have audited the linancial statements of Slavic Gospel A550ciation IBritish Seciionl Lirnited (the 'charity'l for the year
ended 31 December 2025 which cornpri5e the ststefflent of financial artivitie5, the balance sheet, the 5tstement of cash flow5
and note5 to the linancial statements, including si6nth.cant aciounting tx)IKie5. The financial rep(thng fratnework that has
bèen applied in their preparaknon is applicable law and United Kingdorn Aciounting Standards. including Financial Reporknng
Standard 102 The Fintsncitsl Report*rtg Stondo¥d applictsble in the UK Republic of I￿land IUnitÈd KinÉdom GènÈrally
Accepted AccOun￿n8 Prartltel.
In our oplnlon, the financSal statements..
give a true and fair view of the state of the charitsble company'5 affai￿ a5 at 31 December 2025 and of its inctsming
resources and 4pplicat+on of resources, foT the year then ended,.
have been properly prepared in accordance with United Kingdom Generalty Accepted Accounting Practice., and
hove been prepared In accordance with the ￿qu1￿MentS of the Companies Att 2CK)6.
Bas15 for oplnlon
We tonducted our audit in ac¢ordance with International Standards on Auditin8 IUKI IISAS IUKII and applicable law. Our
responsibilities under those standards a￿ further deKribed ifi the Audttors responsibilities fvr the oudit Of the fi'ntsficlol
sttstements Se(￿on of our report. We a￿ independent ol the Charity ifi accordance with the ethi(al requirements that are
relevant to our avdit of the Anan£ial statements in the VK. includin8 the FRC'S Ethical Standard, and we have fulfilled our other
e¢hl¢al responsibilioes in accordance with these requ1￿MentS. We believe that the audit evidence we have obtained is
suffi¢lent and approprlaie to provide a basls for our opinfjon.
Conclu51ons relatln8 to 8olng concern
In auditing the linèncial statements, we have concluded that the trustees, use of the 8Oifi8 ¢on¢em ￿$1$ of ac¢ountin8 In the
preparatron of ihe flnan¢ial statements is appropriate.
Bèsed on the work we hève performed, we have not identyfied any material uncertainfjes relafjng io events or conditlons ih8t,
individually or collecfjvely, may cast significant doubt on the charity's ability to conttnue as a ￿Ing concern for a period of at
least twelve months from when the financial statements a￿ a￿t￿)riSed for issue.
Our responslbilittes and the responsibllittes of the trustees wfth resped to going concern are described in the relevant
secttons of this report.
Other Informatlon
The other information comprises the infOrm￿On includerf in the annual ￿port other than the flnawial statements and our
auditor's report thereon. The trustees are responsible for the other informatton £ontsined within annual report. Our
opinion on the financial statements does not cover the other Informa￿on and WÈ do not express any form of assurance
concluslon thereon. Our responsibility Is to read the other informatton and. in doing so. consider whether the other
informalon is materialty inconsistent with the fi.nancial statements or our knowledge obtained in the course of the audit, or
otherwise appears to be materially misstated. If we identtfy such maierial inconsistencies or apparent material mlsstatements,
we are required to determSne whether this gNes rise to a material missiatement in the financlal sraements themselves. If,
based on the work we have performed. we conclude ihai there Is a maierial misststement of thls other Snformation, we are
requlred to report thar fact.
We have nothing to report ip this regard.
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF SLAVIC GOSPEL ASSOCIATION (BRITISH SEclloNI LIMITED
Matters on whkh we are requlred to report by exceptlon
WÈ have nothing to report in rÈspÈrt of the following matters in felaoon to whi£h the Charittes (Accounts and Reportsl
Regulattons 2￿8 requires us to report to you if. in our opinion..
the inforTn3tion given in the financial staternents 15 incon5iStent in Jny rnatefial re5pert with thetru5tees' report,. or
sufficient accountrn8 records have not been kept- or
the financlal statements are not in agreement with the 3ccountfng recofds- or
we have not received all the information and explanation5 we require for ouraudit.
Responslbllldes of twstees
As explained more fully in the statement of trustees. responsibilitses. the trustees, who are also the directors of the charity for
the purpose of company law. are responsible for the pre￿ra￿On ol the financial statements and for being satrsfied that they
8ive a true and fair view. and for such internal control as the trustees determine is nece55ary to enable the preparation of
linancial 5tstements that are free from rnaterial rni55tsternent. whether due to fraud or error. In preparin8 the linanciol
statement5, the tru5tee5 are responsible for assessin8 the charity's ability to continue as a 60in8 concern, disc105in81 a5
applicable, rnatters related to 80in8 concern and u5in8 the 8oin8 concern basis of accountinE unle55 the trustee5 either intend
to liquidate the Charitable companyortotease operoti¢)11s. or have no realisbt olterThative but to do $0.
Audllols responslbllltles lor the •udlt of Ihe fln•h¢l41 Stsiemems
We have been appointed as auditor under sethon 144 01 the Charitr"e5 Act 2011 and report in accordance with the Act and
relevant re8ulations made or havin8 effect thereunder.
Our objecYve$ are to obtain reasofi•ble assurnnce aljout whether the ftnarKi•l stètemefits as • whole are free from material
misstatement. whether due to fraud or error. and to issue an auditor's report that in£ludes ovr opinion. Re¥sonable assurance
Is a high level of assurènce but is noi a guarantee that an audit condvtted in accordènce with ISAS IUKI will always tletect a
material misstatement when it exists. Misststements can arise from fraud or error and are conside￿d material if, individually
or in the aggre￿te, they could reasonabty be experted io influence the ewnomic decis#)ns of users taken on the basls of
these financial statements.
The extent to whlch our procedures are capable of detethn8 Irre8ulartttes. including fraud, Is detalled below.
As part of an audit In accordance wlth IUS. we exercise professlonal Judgment and malntaln professlonal skepttcism
throughout the audit. We also..
Identify and assess the Tisks ol matertal misstatement of the finanThal statement5, whether due to fraud or error,
design and perform audit procedures respon51ve to those risks, and obtain audit evidence that 15 Sufficient and
appropriate to provide a basis for our opinion. The risk of not detectin8 a material mi55tsternent resulting from fraud
15 hi8her than for one re5ulbn8 from error. as fraud may involve collusion, forgery, intentional omi55ions,
misrepresentations, or the override of internal control.
Obtain an under5tsndinE of internal control relevant to the audit in order to deSlEn audit pr¢xedwe5that 3re
appropriate in the circufflstances. but not for the purpose of expressing an opiriion on the effectiverEss of the
CoTnpany'5 internal control.
Evaluate the appropriateness of accounting poli¢ies used and the Teasonableness of actounting e5timate5 and
related distlosure5 rnade by manègement.
Contlude on the appropriateness of management's of the going tontern basis of attountin8 and. based on thÈ
audit evidente obtrdined, whethÈr a material untertainty Èxists related to evÈnts or tonditions that may cast
signilicant doubt on the CompanTrls abilty io tontinuÈ as a going concern. If we tonclude that a materièl uncertainty
exists, we are required to draw attention in our audTtor's report to the related di￿10$ureS in thefinanci81 statements
or, rf such disclosures are inèdequate. to modify our opinion. Our conclusions are based on the èudt evidence
obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to
cease to continue 8s a going concern.
Evaluate the overall presentation. strutture and conrent of the financial statements, and whether the financial
statements represent the underl¥in8 transactions and e¥ents in a manner that achieve5 fair presentstion.
10-
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF SLAVIC GOSPEL ASSOCIATION (BRITISH SEclloNI LIMITED
A further descrlptton of our resrx)nsibilitfes is available on Financial Rerx)rtfng Councll's webslte at.. https.'Il
www.frc.org.uvauditorsresponslbsiities. Thls deKrlptKJn forms part of our auditorfs report.
Use ofour report
This report is made solely t() the tharity's trusteÈs. as a body. in attordante with Part 4 of the Ch3ritiÈS (Attounts and Reportsl
Regulattons 2￿8. Our audit work has been undertaken w that we might state to the charity's trustees those matters we ar
required to stète to them in an auditor's report and for no other purpose. To the fullest extent pemitted by law. we do not
accept or assume responsibility to anyone other than the charity and the Charl￿$ trustees as a boty. for our audlt work, for
thSs report, or for the opinions we have formed.
Ollver Read FCCA ACA (Senlor StatutoryAudllorl
For and on behalf ofjames T¢dd ond Co Limited. statutory Audiior
Ch3rtered Accountants
Drayton House
Drayton Lone
Chichester
West Sussex
P020 2EW
England
Dète..
0610712026
James Todd ènd Cg Limited is ellglble lor appointment as auditor of the charity by virtue of Its eligibllity for appointment as
auditor of a company under sethon 1212 of the Companies Act 2C¥)6.
11
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
sfATEMENT OF FINANCIAL AcfiviTIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
Unrestricted Unrestricted
lyrtds
fvnds
ieral designated
2025
2025
Total
Unrestficted Unrestrirted
funds
funds
general desi8Thated
2024
2024
Total
2025
2024
Notes
Income and endowment5 frorn..
DO￿a￿On$ and legaciÈs
Other tradin8 activitie5
Investments
1.876.918
10,176
55.622
2.021
953.456
2.830.374
10.176
55.622
2,021
992.976
17,875
55,916
18,535
669,785
1,662,761
17,875
55,916
18,535
Other incorne
Tffj•l In¢ome
1.944.737
953.456
2.898,193
1,085,302
669,785
1,755,087
Expendlture on..
Rai51n8 lund5
Charltable actrvittes
Other expenditure
72,540
S05,233
19871
72,540
1.827.406
19871
58,346
502,848
1,217
58,346
1,514,929
1,217
1.322,173
1,012.081
14
Total expendlture
$76.786
1.322.173
1.898.959
562.411
1,012,081
1,574,492
Net ￿1n9 on Investments
15
6.942
6,942
7,895
7,895
Nei In¢omellexpendltyrel
1.374.893
1368.7171
l.CrfJ6.17S
530.786
1342,2961
188,490
Transfers between funds
1387.3501
387,350
IS81,5911
581.S91
Other reco8rb15ed galns
and losses..
Other gainslllossesl
17
4.174
12,1431
2.031
13.1401
2.182
19581
Net movement In funds
li
991.717
16,45XI
L(K)8.207
IS3,9451
241.477
187,532
Reconclliatlon of lunds:
Fund balances at ljanuary 2025
666.391
1.705,949
2.372.340
720.336
1,464,472
2,184,808
Fund balances at 31 December
2025
1,658.108
1.722,439
3.380.547
666,391
1,705,949
2,372,340
The statÉmÈnt of financial ath¥￿￿5 includes all gains and l¢>sses recognised in thÈ year. All I￿ome and expenditure deriv
from continuing athvitiÈS.
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
BALANCE SHE
ASAT31 DECEMBER 2025
2025
2024
Notes
Fixed assets
Tangible assets
Investments
18
19
189.418
170,384
180,352
163,442
359,802
343,794
Current assets
Stocks
Debtors
Cash èt bank and In hand
20
10.292
84,426
2.940,828
15,354
86,699
.944.727
21
3.03S.546
114.8011
2.046,780
118,2341
Credltoys: ¥moyrtts falllng due wtthln one yt•r
Net current assets
3.020.745
2,028,546
Total assets less current Ilabllliles
3.380,547
2,372,340
The funds of the charltv
Unrestricted lund5 8eneral
Unrestricted funds- deslgnated
25
24
1,658,108
1.722.439
666,391
1,70S,949
3.380,547
2,372,340
The company 15 entitled to the exernptton from the audit requirement contained in settlon 477 01 the Companies Act 2(MJ6, for
the year ended 31 Decernber 2025.
The direttors acknowledge their ￿SpOnSibl1￿e$ for comptying with the re9u1￿ments of the Companies Att 20D6 with respÈct
to accoUn￿ng records and the preparat6on of financial ststements.
The members have not required ihe company to obtsin an audit of its financial statements under the requirements of the
Companies Act 2LNJ6. for the year in questknn in accordance with secbon 476.
These financial 5tatement5 have been prepared in accordance with the provisionsapplicable to cornpanies subject to the Small
companies regime.
0610712026
The linancial statements were approved bythe trustees on.........................
Rev R W Trainer
Tyustee
MrCJKSmrf(h
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
sfATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
2025
2024
Notes
Cash flows from operatlng actIvI￿e$
Cash generated from operattons
962.212
98.170
Investln8 actbvltles
Purchase of tsrigible fixe(J assets
Proceeds from disposal of tangible fixed assets
Investment income received
123.2331
139,7701
I,ooi
55.916
55.622
Net cash generated from In¥estln8 athvltSes
33.889
17.147
Net cash ynerated from Hnancin8 actlvhles
N•t In¢roas• In cash (Ish equfvalents
996,101
115,317
Cash and cash equbvalents at be6innlfi8 of year
1,944,727
1,829,410
sh and ¢¥sh equlvalenls at end of ye•r
2.940.828
1,944,727
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
NOTES TO THE FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Accountlng pollcles
Charity inforniation
Slavic Gospel Assotiation (Bftiish Sethonl Limiied is a prbvate Company limited by 8uaiantee in¢orptsrated in England
and Wales. The registered offite is 22 Little Churth Street. Rugby. Wanvitkshire, CV213AW. England.
1.1 Bas15 of preparatlon
The finèntial statements have pfepèrÈd in attordante with the tharity's governing documÈnt, the Companiès Att
2006. FRS 102 "The Financial Rewrtlng Standard applitable in UK and Republic of Ireland" I"FRS 102.1 anrl the
Charities SORP "Accounting and Reporting by Charities." Statement of Recommended Practice appllcable to charittes
preparing their accounts in accordance with the Fi￿ncl31 Repomng Stsndard applicable In the UK and Republic of
Irel8nd IFRS 1021" (effective l January 20191. The charity is a Public Benefit Enrity as defi.ned by FRS 102.
The Ilnanclal staiements a￿ prepared in sterlin& which is the funthoMI cUr￿n(V ol the charity. Monetary amounts In
these financièl statemenis are rounded to the neèrest f.
The financial statements have beeTr prepared under the historical c05t convention, rnodified to include the rev31uation
ol freehold propertie5 and to include Investfflent propertie5 and certain financial instruments at far value, The principal
actounttn8 pollcle5 adopted are Set out ljelow.
1.2 Golng concern
At the ttme of approving the financial siatements, the ifustees have a reasonable expectstlon that the chaflty has
adequète resources to Con￿nUe in operattonal existence for the foreseeable future. Thus the trustees confjnue to adopt
the golng concern basls of ac¢ountyn8 In prepacin8 the financial statements.
1.3 Charltable fund5
Unrestricted funds are available for use at ihe disc￿0￿ of the trustees in furtherance of thelr charitable objethves.
Desl8nated funds comprlse funds which have been set aS￿e at the dlscretton of the trustees for 5Fecific purposes. The
purposes and uses of the deslgnated funds are set out in the notes to the financlal statement&
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance condittons have been met, the
amounts can be measured reliably. and it is probable that Income will be received.
The charlty's Income conslsts of voluntary irKome. income from charitable actt¥Mes and Investment Income.
The charity is not registered forVAT.
Cash donations are recognised on receipt. Other donatr.ons are ￿co£ni$ed once the charity ha5 been notified of the
donation, unle55 performance condition5 require deferral of the arnount. Income tsx recoverable in relation to
don3tion5 received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacie5 are recogni5ed on receipt or otherwise if the charity ha5 been notified of an impending distribution, the
atnount 15 known, arid receipt 15 expected. If the atnount 15 not known. the legacy 15 treated a5 3 contingent asset.
Fundraising and trading Tncome consists of monres gefterated from the sale of books, CDS and cards, as well as
gistratton fees from delegates at the Charity's annual supporters conference. This is also recogntsed as income, when
It Ss received.
Investment income 55 wholly bank and stock interest generated and is recognised in the SOFA when receNable.
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
AccountiThK policies
Icontinuedl
1.5 Expendlture
All expenditure 15 incurred in pursuit of the Charity's objects as laid down in the Memorandum and Articles of
Association and is recognised in the accounts when payable.
The Charity's accounting 5VStem is desiBned to tTrce general fund expenditure and distinguish it from that directly
attributsble to a project. All expenditure incurred on desi8nated funds 15ee analysi5 at note 81 15 treated as direct
chpritable expenditu￿ for charitable activtbe5.
General fund expenditure is all¢tsted to 5 broad headings of AJministratlon. Prornotlons. Council Expenses. Eastern
European Field ènd UK Home.
Admlnlstratyve expendlture is treated as sypport costs for ¢harital)le expendilure whllsi promotlons costs are shows as
cost$ of generèttng voluntary income as these ￿late to the produ(tk)n ol promotlonal material.
Councll expenses a￿ the costs of holding regular council meetin8. Including reimbursing travelling expenses of the
counc51 members. 2nd these are Included as governance costs. Governance costs also Include fees of the audltors to
meet external scrutiny requirements.
Eastern European Field expenditure 15 treated activthes undertakETh directly for charitsble activities.
UK Home expendlture 15 split between costs ol generating ￿lUntary Income and activities undertaken dlrectly for
charitable actsvities as it includes the costs of representatr¥*s who also make trips to Eastern Europe.
1.6 Tan8lble fl¥ed •sMts
Tan8ible fixed asset5 are Inittalty rnea5ured at cost and subsequentty rnea5ured at C05t or ValUa￿Dn, net of depreCIa￿On
and any irnpairment1055es.
Depreclatton is recognised so as io write off the cost or valuaWon of assets less their reshlual values over their useful
Ilves on the following bases:
Freehold land and buildings
Computers
Motor vehicles
Straight line over 50 yea
2S% Reducing balance
20% RwJu¢in8 balance
The galn or loss arlslng on the disposal of an asset Is dererrnSned as ihe dlfference between the sale proceeds and the
carrying value of the asset, and is recognised in the staiemenr ol financial acriviries.
During 2020, it was deemed appropriate that land be depreciated at 0%. 25% of the land and buildings value has been
appropriated to land and the cumulative effect ol historic depreciation has been reversed. This is considered 8s a
change of esttmate, bein8 a change in depre£iaDon rate.
Tanglble fixed assets are capits1Ssed K ihey can be used for more than I year. and cost ai least £l,(NJO.
1.7 Fixed ¥5set Iiive5tments
Fixed asset investrnents are initially measured at transathon price excludin@ transaction costs, and are subsequently
measuretl at fair value at each repofbng date. Changes in fair value are ￿co￿nised in net incornellexpenditurel for the
year. Trènsaction c05t5 are expensed as incurre¢J.
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
AccountiThK policies
Icontinuedl
1.8 Impalmient of Nxed assets
At each reporting end date. the charity Teview5 the carrying arnounts of its tsngible a55ets to deterrnine whether there
15 any indication that those assets have Suffered an irnpairment 1055. If any such indication exi5t5, the recoverable
amount of the a55et 15 estimated in order to deterrnine the extent of the impairtnent1055 lif anyl.
1.9 Stocks
Stocks are stated èt the lower of cosi and esrimated sellSn8 price less costs to complete and sell. Cost comprises dlrert
materials and, where applicable, dirett lèbour costs and those overheads that have been Incurred In bringing the stocks
to rheir present locallon and condition. Items held lor disiribution ai Tho or nomirsal consideratson are measured the
lower of replacement cost and cost.
Net realisable value Is the estym8ted selling prlce less all estymated costs of completlon and Costs to be incurred In
markettng, selling and distribu￿on.
1.10 Cash and cash equfvalents
Cash and cash equivalents Include cash In hand. deFQSits held at call with banks, other short-term liquid Investments
wlth original maturbties of three months or le55. and bank overdrafts. 8ank overdrafts are shown within borrowln8s In
1.11 Fln•n¢l•l irtsiruments
The charity has elected to appty the pro¥i5i0Th5 of Sethon 11 '8a5ic Financial Instrument5, and Section 12 '0ther
Flnancial In5trurnent5 Issues, of FRS 102 to all of itsftnancial instruments.
Flnancièl instruments are retO8hised ifi the ¢harity'S b•l•nte sheet wheth the eharity betomes party to the contrartuèl
provlsions of the instrument.
Financial assets and liabilifjes are offset. with the net amounis presented in the financial statements. when there is
legally enforceèble right to set off ihe recognised amounts and there is an intenfjon to settle on a net basis or to reèlise
the èsset and settle the liability simultaneously.
8oskftn#n¢l#lossets
Basic fi'nancio1455et5, which include debtors ar￿ Cash ar￿ bènk balan¢es. are initially measured a transaction price
including tr4n5action cost5 and a￿ subsequently carried tyt amortised cost using the effective Inte￿$t method unless
the arrangement constitutes a financing tran5artion. Whe￿ the tran5a¢tion 15 rnea5ured at the presert vèlue gf the
future ￿ceIptS discounted * a market rate of inte￿$t. Financial assets classified as receivable %ithin one year a￿ not
amorknsed.
Bosirfvnonriqlliqbilitie5
Basic linancial liabilities, in£ludinK creditor5 and barbk loan5 aTe In￿allY recognised at tran5artion price unle55 the
arrangetnent constitute5 a linancing tran5acbon, where the debt instrument is measured at the p￿Sert V31ue of the
future payment5 discounted at a tnaiket rate of interest. Finarbcial liabilibes cla55ilied a5 payable within one year are not
atnorknsed.
ebt instruments are subse4uentty tairied at amortised COSL using the effethve interÈst rate method.
Trade creditors are obliga￿on$ to pay for goods or services that have been acquired in the ordinary course of operattons
from suppliers. Amounts payable are classified as current liabilitses if payment is due within one year or less. If not, they
are p￿Sented as non-current liabilities. Trade creditors are recognised initialty at transathon price and subsequent
measured at amorrised cost using the effecDve interest method.
17-
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
AccountiThK policies
Icontinuedl
Derecognlllon oAJlnunclolliubilltles
Flnèncièl liabilities are derecognised when the charWs contrattual obligatfons explre or are dlscharged or can￿lled.
1.12 Employee beneflis
The cost of any unused holiday entitlement is rewnised in the per￿1 in whKh the employee's seNices are received.
Termination benefits are recogni5ed immediately as an expense when the charity ¢5 demonstrably committed to
terminate the ernployment of an empthe orto pro¥ideterrnination benehts.
1.13 Re￿rernent beneflts
Payments to delined ¢ontribuYon le￿rement ber*fit schemes a￿ ¢har#ed as an expense as they falldue.
1.14 Forelgn exchan8e
Transactsons in currencies other than pounds sierling are recorded at the rates of exchange prevalllng at the dates of the
transacfjons. At each reporring end date. monetary assets and Imbilities that are denominated in forelgn currencles are
retranslated at the rates prevailin8 on the reporring end date. Gains and losses arisin8 on translatbn In the period are
Included In profit or loss.
1.15 Loans Issued
Loan5 are occasionally issued to 5UPPOrted projects in Ea5terrb Europe. These fund5 are repayable over a Set terrn and no
interest in char6ed. The amount5 recoverable are included a5 receivable5 in the account5.
If In the future the Trustees deeitle fiot to request repaymefit of these amoufits, they will be wrlttn off ag 8rants pèld
under fiirert Charitable A¢ttvittes.
lttcal accounttn8 e5ttmates andlud8ements
In the application ol the charity'5 accounting policies. the trustee5 are required to make judgernents, eS￿rnateS and
assump￿0￿$ about the carrying amount ol assets and liabilith.es that are not readity apparent from other sources. The
estimates and associated assumptions are based on historical experience and other factors that are considered to be
relevant. Actual results may differ from these estimate5.
The estimate5 and underlying assumpts.ons are reviewed on arb on¥oiTh8 ba515. Revision5 to accountin8 e5timate5 are
recogni5ed in the period in which the estimate 15 revised where the revision affect5 only that pericxl, or in the period of
the revision and future period5 where the revision affects both current and future period5.
Inwme from donatlons and le8a£les
Unrestrfcted Unrestdcted
fund5
fvnd$
Eeneral designated
2025
Z025
Total
Unrestrfcted Unrestrlrted
fvnd$
funds
general designated
Z024
Z024
Total
20Z5
20Z4
Don8ttons and gifts
Legacies
929.557
947,361
921,388
32,068
1.850.945
979.429
702,531
290,445
669,785
1,372,316
290,445
1.876.918
953,456
2.830.374
992.976
669,785
1,662.761
18-
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Income from donation5 and lezacie5
Icontinuedl
Unrestrfcted Unrestrfcted
fund5
fvnds
general desi8nated
2025
Z025
Total
Unrestrfrted Unrestrlcted
funds
funds
general designated
2024
2024
Total
Z025
2024
Donations and 4ift5
Donations and gifts
Donation5 from tru5t5
Glft aid recovered
Conference offerings
Donations to lulltime 5tsff
Donattons to voluntary
rePreSents￿V¢S
Other
619.831
52,390
48,067
55.673
150,4
705,244
102,031
S6,566
12,178
43,195
1.325.075
154.421
104.633
67.851
193,595
447,343
51,40D
39,494
62.175
98,307
531,255
49,800
50,028
10,398
27,254
978,598
101,200
89,522
72,573
125,561
2.907
289
4.967
403
2,597
1,215
933
117
3,530
1,332
114
929.557
921,388
1.850.945
702.531
669,785
1,372,316
Legècies which ère expected, but which do not meet the recognitton criteria for Legacies Receivab￿ ère considered 8S
confjn8ent assets. As theses amounts generally canN)r be valued wilh reasonable certainty, these a￿ nor seperately
disclosed.
Income from other tradlnl adl¥l￿e$
Vnrestrfrted
fund5
2025
Unrestrlcted
fund5
2014
Other income
10.176
17,875
Income from investments
Unrestrlcted
Unrestrlcted
lund5
2024
2025
Interest receivable
55,622
55,916
19-
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
other Income
Unrestricted
funds
Unrestricted
funds
2025
2024
Insurance clai
2.021
18,535
A¢￿vItIeS lor generaonz lund$
Vnrestrl¢ted
fund5
2025
Unrestrlrted
fund5
2024
Costs of generndn8¥olurf•ry In¢ome
Conference expen5e5
Adverrislng
47.276
20.928
38,177
16,751
68.204
54,928
Cosi of goods sold
Other tradin8 activI￿t$
4,336
3,418
72.540
58,346
-20-
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Expendlture on charftable actS¥ltles
Spreading the Spreading the
Gospel in
Gospel ITh
Eastern
EasterTh
Europe
EL4rope
2025
2024
Dlrect costs
Direct C05t5
Telephone
Motor costs
1,322.173
254
1,012,081
651
2.617
2,849
1,325.044
1,015,581
Grant funding of activitie515ee note 91
6,300
Share of support and R¢Mrnan¢t ¢ort$ 1st• nott 101
Support
Governance
486.750
15.612
479,173
13,875
1,827.406
1,514,929
Analysls by lund
Unre5tricte(J fund5- general
Unrestrlcted funds- deS18￿led
505.233
1,322.173
502,848
1,012,081
1,827.406
1,514,929
Grant5 payable
Spreadin8 the
Gospel in
Eastern
Europe
2024
Grants to institutions..
Ruptawa Church
6,300
21
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
io
Support costs allocated to actlvMes
2025
2024
Stèff costs
363.348
13,653
8.321
1,717
2,796
1.977
225
1.771
50,127
24,994
17,821
15,612
367.762
8,369
5,058
1,559
2,782
2,045
14,207
2,798
41,024
19,687
13,882
13,875
Depreciation
Dlrect costs
Rent and rates
Insurance
Light èntl heat
Repairs and maintenance
Telephone
Printtng, post¥Èe, statlonery and tommjter costs
Motor and travel
Sundry
Governance c05ts
502,362
493,048
An¥tysed beiween:
Spreadlng the Gospel In Eastern Europe
502.362
493,048
2025
2024
Governarbce costs comprlse..
Audit lees
Accounrancy
Le8al professional
Trustee'5 Mee￿nI costs
11,676
3.720
216
9,808
3,570
314
183
15,612
13,875
li
Net movement Irb lunds
2025
2024
The net movement in funds is ststed afterchar8in811credith"n8).'
Fee5 payable for the audit of the charity'5 financial staternents
Depreciètion of owned tangible h.xed assets
(Prolitllloss on disw)5al tsf tangible lixed assets
11,676
13.653
19871
9,808
8,369
1,217
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Iz
Trustees
None ol the trustee5 lor any persons connected with them) received any remuneration during the year, and during the
vear. one trustee was reirnbursed for expeThse5 totsling E13112024 - one trustee was reimbursed for expenses totaling
£1831 to cover c05t5 incurred on charity busines5.
Total donations received from directors, key rnanagement personnel and their related parties, arnourited to £10,410
12024. E24,7211. No relatetl parbe5 made purcha5e5 01 thing5 li￿£ book512024.. No related partie5 rnade purcha5e51.
The￿ a￿ no other related party transèthons requiring disclosure.
The charlty was under the control of ihe di￿¢1015 ihrouKhout the year.
13 Employee5
The average Month￿ number ol employees durin8 thei*¥r was..
2025
Number
2024
Number
Mi55ion tearn rnember5/field workers
Admlnistra￿On and promo￿0￿
Total
li
io
Employment costs
2025
20Z4
Wages and salaries
Soclal 5ecurlty cost5
Other pension costs
306,875
22,219
34,254
309,615
26,948
31,199
363.348
367,762
There were no employees whose annual remunernttoTh was more than £60.CO).
Remunerdtion of key rnanagement perwnnel
2025
2024
Key management personnel remuneration forthe year
76.606
74.250
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
14
otherexpendlture
Unrestricted
funds
Unrestricted
funds
2025
2024
Net Igainll loss on disposal of tangible Ilxed assets
19871
1,217
IS Galns and losses on investments
Unrestrfrted
funds
2025
Unrestrlrted
fund5
20Z4
G¥inslllossesl arisin£ on..
Revaluafjon of Investmenis
S.942
7,895
16 T•x•don
The charlty Is exempt from tama￿On on sis athvltles because all Its Income Is applled lor charltsble purposes.
17 oiher8alns and Iosms
Unredrftted unre#￿tted
lunds
lunds
8¢neral deslKnaied
2025
2025
Tffj•l Unredrftted UN￿S1r1tted
funds
fund5
8tneral desl8nated
2024
2024
Tot•1
2025
2024
Gain5lllosse51 UPDn-
Foreign exchange
14.1741
2.143
12.0311
3.140
12,1821
958
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Tanglble flxed assets
CoThwttts Motor%*hlcks
Total
At l January 2025
Additions
151.498
2,848
1.234
98,709
21.999
112,5001
253,055
23,233
112,5001
DisP05a15
At 31 December 2025
151.498
4.082
108,208
263,788
DepreciatloTh and impairment
At l January 2025
Trepreclè￿on charged in the year
Eliminated in respect ol disp05a15
24,997
2.272
420
832
47.287
10,549
111,9871
72,704
13,653
111,9871
At 31 De¢ember 2025
27.269
1,252
45,849
74,370
C¥rryln8 amount
At 31 December 2025
124.229
2,830
62,359
189,418
At 31 December 2024
126.502
2,428
51,422
180,352
All tan8ible fixed a55et5 are for charitable use. other than a small quantity ol office equipment Used in admlnistration.
19 Flxed •sset Investments
Listed
Invesiments
Cost orValUa￿on
At l January 2025
Valuatton changes
163,442
6,942
At 31 December 2025
170,384
Carrying arnount
At 31 December 2025
170,384
At 310ecember 2024
163,442
20 Stocks
2025
2024
Finished go￿5 and goods for resale
10,292
15,354
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
21
Debtors
2015
2024
Amtyjnts falling due within oneyear
Trade debtors
Other debtors
Prepayments and accrued income
588
26.132
10,309
li
24.701
11,983
37,029
36,695
2015
2024
Amounts falllng due after rn0￿ than oneyear
Other debtors
47.397
50,004
Total debto
84.426
86,699
22 Credltors: amountsfalllng due wlthln one year
2025
2024
Accruals and deferred Income
14.801
18,234
23
Re￿rerne￿t beneflt schemes
2025
2024
Defined wntrlbudon schemes
Char8e to profit or105s in re5pe£t of defined contribution 5chernes
34,254
31,199
The charity operates 3 defined Contribu￿0￿ pension scheme lor all qualifying employees. The assets of the scheme are
held separately from those ol the charity in an indepeTrdertly administered fuThd.
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
24
Unrestrlcted funds- deslgnated
These are unrestricted fuThds which are material to the charivs acbvities.
At l January
2025
Incoming
Resources
expended
TrnnsfersGain5 and losse5 At 31 December
2025
Support of East
Europe8n
28,774
30.414
181.3491
236
18,075
Support of
Mlssion Schools
East European
Leadership
Support
Phoebe Projects
Llterature
16.954
13.944
149.8591
45.0
15721
25.467
220,973
45,660
360,193
29,816
1392.9931
140.6391
90,OCKI
20,OLY)
198
ios
278,371
54,942
35,629
24,876
143,941
1232.1591
135,0651
67
11,2421
27,478
12,169
Radio Ministries
Vehlcles for
Eastern Europe
Widows Projeci
Special Projects
Media/Website
Loans155ued
Emergency Fund
Tangible fixed
assets
UK Development
Fund
20,OC
23,
13,324
652,619
10,080
67,697
184,210
1,357
107.996
262,195
115,0201
187.9231
1387.1661
9,943
34,024
621,086
10,080
65,047
184,210
627
11,5621
95,OC
12,6501
181,547
181,547
200.(
200,000
1,705.949
953.456
11.322,1731
387.350
12,1431
1,722,439
-27-
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
24
Unrestricted funds- designated
Icontinuedl
Prevlous year:
Al ljanuary
2024
In£omSng
r￿urteS
Resources
expended
TrnnsfeYsGalrts and l¢isses At 31 De¢ember
2024
Support of East
European
9.323
19.185
124.4431
24,827
11181
28,774
Support of
Mission Schools
19,8151
16.508
150.2161
477
16,954
East European
Leadershlp
Support
Phoebe Pr¢letts
Literature
124,053
4,690
221,67S
33.867
12S4,6411
I37.7￿>
130,0
45,OCKI
11141
11071
220,973
45,660
110,0681
16,391
19,026
7.382
173.2691
i(p).c
1601
1.103
35,629
24,876
Radio Mlnistrles
Vehicles for
Eastern Europe
Wldows Project
Specièl Projects
Media/Website
Loans Issued
Emergency Fund
Tangible fi-xed
assets
22,262
31,625
770,831
10,080
150,1
184,210
19.425
45,634
287.083
118.0811
186,1651
1467,4761
23,606
13,324
652,619
10,080
67,697
184,210
22.672
60.738
14421
1,443
182.3031
160,889
20.658
181,547
UK Oevelopment
Fund
2rJJ.rKA)
2￿,000
1.464,471
669,785
11.012,0811
581,S92
2.182
1,705,949
The Project Fund payments as shown Sn this note include Month￿ contributtons to General Funds for mènagement and
8dministratton costs direttly attributable to the work. These are provided at a maximum of 15%19% admin, plus 6%
publicity) on all gifts. The t￿al transferred in this way is shown in notes 7 and 9above.
Transfers between the projert and emergency funds represent monies which have been ￿￿lIsed from General funds to
cover the work carried out towards these individual projetts.
Each of the items listed ab￿e represents an area of activities thar ihe charity supports within Eastern Europe. Together
these fund5 for the 'Project Funds which the charity operates. These a￿ as a result of donations given for use towards
a particular project, but for which the charity retsins ultirnate discretion as to its application. The tran5fer5 into these
funds ￿present monies from General Funds to cover deficits on ir￿l¥ldUdl fund5, as well a5 addbtronal monies set aside
by the trustees for use toward5 these projeLI5.
-28-
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SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
24
Unrestricted funds- designated
Icontinuedl
In order to Increase the accuracy of the preseniatfon of the financial ststus shown In the accounts. Ir has been declded
by the Trustees to designète funds to the value of the tangible h-xed assets. This is to reflert the restrictions thar the
8Ssets Impose upon the funds held- the money t*d up in the property is t)ot free to be spent without the assets being
sold to realise these funds.
Monies have also been desi8nated to retain sufficient lunds to meet the charitys obligations should further funds not
become 8v3ilable. The Ju5trhcation of this amount Is as follows..
To avoid the nece55ity of realisin8fixed assets held for the charity'5 U5e15ee detsils obovel,.
To cover one yearf5 administration. fund-raising and support costs..
To provide a pool equal to IO% of the avera8e charitable expenditure overthe precedin8 two year5 from which
the fund5 can be designated to 5pecilic projects.
Tran5fer5 tolfrorn the Fixed asset fund represent the net mLwements ofi the t¥n8ible fixed •55et5 durin8 the year.
25
Unrestrlrted funds
The unrestricted funds of the chority comprise the unexpended balance5 of donation5 and 8rant5 which are not subject
to Specific condiyons by donoT5 and 8rantor5 as to how they fflay be used. These include desi8nated funds which have
been Set aside out of unrestricted fvnds by the trustees for specific purptsses.
l January
2025
Incomlnl
resources
TransfersGalns and 105se5 At 31 December
2025
expended
General fund5
666,391
1,944,737
1576.7861
1387,3501
11,116
1,658,108
Pre¥lou5 year:
At l January
2024
Incomlnl
re￿I￿rceS expended
TransfetsGalns and losse5 At 31 December
2024
General fund5
720.336
1.085.302
1562.4111
1581,5911
4.755
666,391
26
Analysls of net a55ets between funds
Unre#rkted Unrestrtcted
fvnds
fund5
zeneral
designated
2025
2025
Total
2025
Fund balan¢es at 31 Deomber 2025 aw represented by:
Tangible asset5
Investments
Current a55et5l1liabil￿eSj
189,418
189,418
170,384
3,020,745
170,384
1,487.724
1.533,021
1.658.108
1.722.439
3,380.547
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Doc ID.. 702a7637fSdr238561cba17708434463bb86a415

SLAVIC GOSPEL ASSOCIATION (BRITISH sE￿loN) LIMITED
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
26
Anatysis of net assets between funds
Icontinuedl
un￿￿rItted
fvnds
8eneral
Z014
un￿$t￿tted
funds
designated
20Z4
Total
2024
Fund tsalances at 31 Derernber 2024 are represented by:
Tangible assets
Investments
Current a55et51l1iabil￿eSj
11,1951
163,442
504,144
181.547
180,352
163,442
2,028,546
1,524,402
666,391
1,705,949
2,372,340
27
Related party transartlons
There were no di5closable related paty transactions durin8 the year12024. none) aside from those already detslled In
the trustees disc105ure Inote 121.
28 Cash generated from operatlons
2025
2024
Surplus for the year
I,(X)6,176
188,490
Adjustments for:
Investment incorne reco8nised in statement ol financial athvities
Forelgn exchange dlfferences
IGainllloss on disposal of tèn8ible lixed assets
Falr value 6alns and losses on invesrment5
DeprecIa￿On and impairment of tsngiblÈ fixed assets
155,6221
2.031
19861
16.9421
13,653
155,9161
19581
1,216
17,8951
8,369
Movements In worklng capftal:
Decrea5ellincrea5el in Storks
Decreasellincreasel in debtors
(Decrease) in treditors
5,062
2.273
13.4331
12831
134,0111
18421
Cash generated from operatlons
962,212
98,170
29
Analysls of changes in net funds
The charlty had no material debt duringihe year.
Doc ID.. 702a7637fSdr238561cba17708434463bb86a415