**Charity Registration No. 279759** ## **SHARING OF MINISTRIES ABROAD (SOMA UK)** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2022** ## **SHARING OF MINISTRIES ABROAD (SOMA UK)** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Trustees**|The Revd. Canon P Whitworth|Chair (to 14 January 2023)| |---|---|---| ||Ms J Brown|| ||Mr B Hampson BFP FCA|| ||The Revd. S Home|Appointed 17 March 2022| ||Mrs M MacInnes|| ||The Revd. W Massey|Appointed 17 March 2022| ||The Ven. K Roberts|Appointed 17 March 2022| |||(Chair from 14 January 2023)| ||Mr D C Rowe|| |**Charity number**|279759|| |**Principal address**|295 Chiswick High Road|| ||Suite 132|| ||London|| ||W4 4HH|| |**Independent examiner**|Louise Tunley FCA CTA DChA|| ||19 Goldington Road|| ||Bedford|| ||MK40 3JY|| |**Bankers**|CAF Bank Ltd|| ||25 Kings Hill Avenue|| ||Kings Hill|| ||West Malling|| ||Kent|| ||ME19 4JQ|| ## **SHARING OF MINISTRIES ABROAD (SOMA UK)** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 ‐ 4| |Independent examiner's report|5| |Statement of financial activities|6| |Balance sheet|7| |Notes to the financial statements|8 ‐ 17| ## **SHARING OF MINISTRIES ABROAD (SOMA UK)** ## **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ The trustees present their report and financial statements for the year ended 31 December 2022. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. ## **Objectives and activities** The charity's objects are to advance the Christian Religion through the sharing of God‐given gifts and spiritual resources. The Trustees are called to facilitate the exchange of ministries of evangelists and speakers on spiritual renewal from one country to another, to nurture communication between those called to spread spiritual renewal and to share resource materials and experience. The policies adopted in furtherance of these objects are to work for the transformation of individuals and churches and the healing of communities and their lands through the renewing power of the Holy Spirit. This is done through Intercession, Prayer and sending short‐term Mission Teams across the Anglican Communion. There has been no change in these policies during the year. ## Mission Statement: SOMA works for the transformation of individuals and churches and the healing of communities and their lands through the renewing power of the Holy Spirit by sending and receiving teams worldwide on short term missions. SOMA’s call is to “care for the nervous system of the Body of Christ”. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Contained within this overall umbrella of public benefit are the individual and specific benefits of equipping people for mission both in the UK and abroad; contributing to community health, development, justice and civil society by equipping the human resources of the Dioceses and Provinces receiving our Mission Teams; and providing opportunities for those interested to understand more about the Christian faith; contributing to the individual and corporate awareness of overseas religious, poverty, development and human rights issues; equipping those receiving Mission Teams, and the members of the Mission Teams, with skills in leadership which can be transferred into public life. SOMA UK is a constituent part of the international group of SOMA bodies currently operating in eight countries/regions (Australia, Ireland, New Zealand, Nigeria, Singapore, South Africa, UK and USA). - 1 - ## **SHARING OF MINISTRIES ABROAD (SOMA UK)** ## **TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **Achievements and performance** In 2022 SOMA UK continued to develop a network of intercessors, a group of parish mission partners, and registers of volunteer team leaders and team members (UK and overseas). The year began with an extraordinary trip, in response to the crisis in Ukraine, at the invitation of the Bishop in Europe and the Bishop of Kensington and in partnership with a local West London School and churches. A small SOMA team was able to visit the Poland/Ukraine border with a minibus filled with resources and donations from local churches and to bring back displaced Ukrainians to drop off points in Warsaw, Germany and the Netherlands. SOMA continued to develop its mission preparation, safety & security, safeguarding and data protocols, publications and policies. The ministry of prayer and intercession continued to hold a high priority for SOMA. Prayer requests, at least daily, were made available through SOMA’s ‘twitter’ and ‘facebook’ accounts. Hardcopy Daily Prayer Diaries that covered the year were distributed with ‘Sharing’ to all UK supporters and made available on the SOMA website. In addition, SOMA friends abroads’ prayer request updates were emailed to team members, team leaders, Parish Mission Partners, donors and others requesting them. The group of voluntary Intercessor Coordinators continued to play a vital role. Intercession by our volunteer Intercessors was further facilitated through E mail, text, phone, extensive, regular ‘prayer briefings’ and by our Intercession Coordinators. The SOMA intercessors’ network involved 129 individuals, with additional numbers involved as personal intercessors for Team members during missions. SOMA ‘Parish Mission Partnerships’ numbered 51, their congregations informed through ‘Sharing’. Working relationships with organisations and associations were strengthened, including those with ReSource; Salisbury – Sudans’ Diocesan Link; Archbishop of Canterbury; African Pastors Fellowship; Lambeth Conference; Anglican Communion; Faith2Share; FPE, Partnership for World Mission and the Sudan Church Association. A key part of the year was SOMA’s presence at the Lambeth Conference where we had a prominent stall and received more than 90 invitations to minister in dioceses around the world. The ministry of sending multicultural, cross‐cultural teams holds an equally important role in SOMA’s ministry. SOMA’s number of registered team leaders and team members was 287 individuals. One great development has been META Youth, a cohort of 16‐19s who are doing a weekly HUB zoom training them in leadership and biblical theology ahead of a summer mission to Lebanon. These young people come from around the world, including the UK, South Asia and the Middle East. A visit to Ugandan and DRC dioceses was a particular highlight as was an exploratory visit to Lebanon and Singapore. SOMA’s vision has also been about amplifying the voices of the Global South in the West to bring ‘olive branches of hope’ back here from the Anglican Communion. Church visits have been a real source of encouragement this year, seeing UK churches come alive while listening to testimonies from the worldwide church and seeing what God is up to around the world. ## **Financial review** The financial performance for the year and position at the end of the year is as shown by the accompanying financial statements. It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure in order to provide continuity and to fulfil the charity’s obligations. The trustees consider that reserves at this level will ensure, in the event of a significant drop in funding, that they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves was maintained throughout the year. - 2 - ## **SHARING OF MINISTRIES ABROAD (SOMA UK)** ## **TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ SOMA is a responsible Mission Partner and a responsible employer with paid employees. On 31st December 2022 SOMA UK's unrestricted reserves were £57,826 which represents normal operating expenditure for more than one year (excluding costs of team visits which are raised on a mission‐by‐mission basis). This level of reserves is expected to reduce year by year as funds are used to provide sponsorship for missions that would otherwise not be possible. SOMA UK places a high priority on safety, security, safeguarding and risk management. The more extensive Safety and Security policy was carefully implemented. SOMA continued to ensure that team members obtain and act on best medical advice prior to departure and obtain full insurance for the location of the team for the duration of the visit. When planning a team visit the team leader and National Director maintain close communication with the Bishop of the local Diocese, the local hosts at the team’s planned locations and other local, national and international contacts to assess present and likely future developments that may affect the nature and level of risk to the team. The effectiveness of the planning was put to the test in 2017 when an overseas team was caught up in a coup and returned home without serious incident. The Trustees regularly review the major risks to which SOMA UK is exposed which include those relating to long term sustainability and financial accountability. The Trustees are satisfied that systems are in place to mitigate these risks. SOMA plans to continue its ministry without major change, working for the transformation of individuals and churches and the healing of communities and their lands through the renewing power of the Holy Spirit, through Intercession, Prayer and sending short‐term Mission Teams across the Anglican Communion. This will likely be with a focus on our current geographical areas of activity. For an update of news and for our latest newsletter 'Sharing', which details how SOMA has changed people's lives by working with and through the Holy Spirit, please refer to our website www.somauk.org . ## **Structure, governance and management** The charity was established by a charitable trust deed on 12th February 1980 and was registered by the Charity Commission for England & Wales as a charity on 9th April 1980. The trustees who served during the year and up to the date of signature of the financial statements were: The Revd. Canon P Whitworth Resigned 14 January 2023 (Chair to 14 January 2023) The Revd. M Beer Resigned 25 July 2022 Ms J Brown Mrs L Cooper Resigned 26 May 2022 Mr B Hampson BFP FCA The Revd. S Home Appointed 17 March 2022 Mrs M MacInnes The Revd. W Massey Appointed 17 March 2022 The Ven. K Roberts Appointed 17 March 2022 (Chair from 14 January 2023) Mr D C Rowe None of the trustees has any beneficial interest in the charity. - 3 - ## **SHARING OF MINISTRIES ABROAD (SOMA UK)** ## **TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## _Organisational structure:_ The charity is small. The Trustees have appointed a National Director to run the organisation on a day‐to‐day basis who liaises between potential mission partners and the Trustees with regard to specific mission activity. The National Director is supported by two part time administrative support staff who provide back office and financial administration as well as co‐ ordinating mission activity and production of the periodic newsletters. The SOMA Trustees formally met on four occasions. The Trustees continue to seek a dynamic balance of gifts and experience in the makeup of their membership to achieve a consistently high standard of governance featuring accountability, transparency and integrity. The Trustees are also engaged in seeking additional Trustees, appraising and evaluating their number and ensuring proper governance is undertaken. Succession timings were implemented for current Trustees. Monthly Cash Management Accounts and Financial Trends information are made available to the Trustees. A quarterly budget review meeting was continued. After 15 years’ service Roger Wheeler did not seek reappointment as Independent Examiner and, following a tendering process, Louise Tunley was appointed in his place. ## _Induction & training of Trustees:_ As noted above Trustees are appointed to ensure a balance of gifts and experience. New trustees are invited to the operational base and given the opportunity for a detailed examination of the charity. From time to time trustees are encouraged to join missions to experience the detailed work of the charity at first hand. Training specific to the size and operations of the organisation and periodic updates are made available to Trustees on a needs basis and the annual conference provides an opportunity for more formal training. The trustees' report was approved by the Board of Trustees. ## **The Ven. K Roberts** Chair of Trustees Date: 10[th] May 2023 - 4 - ## **SHARING OF MINISTRIES ABROAD (SOMA UK)** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF SHARING OF MINISTRIES ABROAD (SOMA UK) Charity Registration number: 279759** I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2022 which are set out on pages 6 to 17. ## **Responsibilities and basis of report** As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1.) accounting records were not kept in respect of the charity as required by section 130 of the Act; or - 2.) the accounts do not accord with those records; or - 3.) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ## **Louise Tunley FCA CTA DChA** ICAEW, Chartered Accountant 19 Goldington Road Bedford MK40 3JY Date: 15[th] May 2023 - 5 - ## **SHARING OF MINISTRIES ABROAD (SOMA UK)** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ |**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
111,356
29,654
Investment income
**4**
71
50
Other income
**5**
51
1,091
**Total income**
111,478
30,795
**Expenditure on:**
Raising funds
**6**
702
‐
Charitable activities
**7**
86,057
18,946
**Total resources expended**
86,759
18,946
**Net income/(expenditure)for the year**
**Net movement in funds**
24,719)
11,849
Fund balances at 1 January 2022
33,107
2,627
**Fund balances at 31 December 2022**
57,826
14,476|**Total**
**2022**
**£**
141,010
121
1,142
142,273
702
105,003
105,705
36,568)
35,734
72,302|Total
2021
**£**
59,485
‐
7,520| |---|---|---| |||67,005| |||‐| |||85,072| |||85,072| |||(18,067)
53,801| |||35,734| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 8 to 17 form part of these financial statements. - 6 - ## **SHARING OF MINISTRIES ABROAD (SOMA UK)** ## **BALANCE SHEET** ## _**AS AT 31 DECEMBER 2022**_ |**Notes**
**Current assets**
Debtors
**12**
Cash at bank and in hand
**Creditors: amounts falling due within one**
**year**
**13**
Net current assets
**Income funds**
Ukraine appeal
META Youth
Partners in renewal
Outreach fund
Other restricted funds
Restricted income funds
**16**
Unrestricted funds ‐ general|**2022**
**£**
2,927
80,027
82,954
(10,652)
8,055
3,353
2,086
591
391|**£**
72,302
14,476
57,826
72,302|**2021**
**£**
2,864
41,939
44,803
(9,069)
‐
‐
2,047
580
‐|**£**
35,734| |---|---|---|---|---| |||||2,627
33,107| |||||35,734| The financial statements were approved by the Trustees on 10[th] May 2023 and signed on their behalf by The Ven K Roberts B Hampson BFP FCA **Trustee Trustee** The notes on pages 8 to 17 form part of these financial statements. - 7 - ## **SHARING OF MINISTRIES ABROAD (SOMA UK)** ## **NOTES TO THE FINANCIAL STATEMENTS** ## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **1 Accounting policies** ## **Charity information** Sharing of Ministries Abroad (SOMA UK) is a trust established by a Declaration of Trust dated 12th February 1980 and registered by the Charity Commission for England and Wales as a charity on 9th April 1980. ## **1.1 Accounting convention** The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. ## **1.4 Incoming resources** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. ## **Donations:** Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. ## **Legacies:** Legacy income and grants receivable are recognised when the Trustees have been formally notified of the amount due to the charity. - 8 - ## **SHARING OF MINISTRIES ABROAD (SOMA UK)** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **1 Accounting policies (continued)** ## **1.4 Incoming resources (continued)** ## **Donated services:** The charity recognises income in respect of the estimated value of donated services received in respect of the preparation of the statutory accounts and the Independent Examination where appropriately qualified professionals freely donate their time to ensure the charity meets its statutory obligations in these areas. ## **Grants:** Grant income is recognised once the charity has been notified of the award, unless the conditions of the award require deferral of the amount. ## **Deferred income:** Income is deferred (a) when it is received in an accounting period but is intended to finance costs arising in a later accounting period or (b) when conditions have to be fulfilled, and which have not yet been met, before the charity is absolutely entitled to the income. ## **1.5 Resources expended** Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. ## **1.6 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short‐term liquid investments with original maturities of three months or less. ## **1.7 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised. ## _**Basic financial liabilities**_ Basic financial liabilities are recognised at transaction price. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. All amounts payable are classified as current liabilities if payment is due within one year. ## **1.8 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. - 9 - ## **SHARING OF MINISTRIES ABROAD (SOMA UK)** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **1 Accounting policies (continued)** ## **1.9 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. ## **1.10 Leases** Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease. ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily 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 estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **3 Donations and legacies** |**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Donations and gifts
111,356
29,654
Legacies receivable
‐
‐
Grants receivable
‐
‐
Donated services
‐
‐
**For the year ended 31 December 2022**
111,356
29,654
**For the year ended 31 December 2021**
58,735
750|**Total**
**2022**
**£**
141,010
‐
‐
‐
141,010|**Total**
**2021**
**£**
48,585
6,000
2,400
2,500| |---|---|---| |||59,485| |||59,485| Donations and gifts includes amounts received from individuals, parishes and in response to particular appeals. The Trustees gratefully acknowledge all these gifts; without this generous support the charity would be unable to fulfil many of its objectives. - 10 - ## **SHARING OF MINISTRIES ABROAD (SOMA UK)** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ |**4**
**5**

**6**|**Investment income**
**Unrestricted**
**Restricted**
**funds**
**funds**
**general**
**£**
**£**
Interest receivable
71
50
**For the year ended 31 December 2021**
‐
‐
**Other income**
**Unrestricted**
**Restricted**
**funds**
**funds**
**general**
**2022**
**2022**
**£**
**£**
Other income
51
‐
Conference income
‐
1,091
For the year ended 31 December 2022
51
1,091
**For the year ended 31 December 2021**
‐
7,520
**Raising funds**
Fundraising and publicity
Other fundraising costs|**Total**
**2022**
**£**
121
**Total**
**2022**
**£**
51
1,091
1,142
**2022**
**£**
702
702|**Total**
**2021**
**£**
‐| |---|---|---|---| ||||| ||||**Total**
**2021**
**£**
‐
7,520| ||||7,520| ||||7,520| ||||**2021**
**£**
‐| ||||‐| - 11 - ## **SHARING OF MINISTRIES ABROAD (SOMA UK)** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **7 Charitable activities** |**Mission team**
**visits**
**Conference**
**costs**
**Sharing**
**prayer letter**
**& publicity**
**r**
**£**
**£**
**£**
Staff costs (included in note
10)
37,382
‐
‐
Direct costs
24,760
1,712
8,139
Share of support costs (see
note 8)
25,255
1,241
4,530
Share of governance costs
(see note 8)
1,615
79
290
89,012
3,032
12,959
**Analysis by fund**
Unrestricted funds ‐
general
71,157
1,941
12,959
Restricted funds
17,855
1,091
‐
89,012
3,032
12,959
**For the year ended 31 December 2021**
Unrestricted funds ‐
general
65,246
582
10,974
Restricted funds
750
7,520
‐
65,996
8,102
10,974|**Other**
**esources**
**£**
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐|**Total**
**2022**
**£**
37,382
34,611
31,026
1,984
105,003
86,057
18,946
105,003|**Total**
**2021**
**£**
37,236
17,035
27,491
3,310| |---|---|---|---| ||||85,072| ||||76,802
8,270| ||||85,072| The Trustees wish to record their thanks to a number of team members who donate their time and bear their own expenses in staffing various missions. SOMA's work could not be accomplished without this generosity. It is not possible to attribute a financial value to these gifts in kind. - 12 - ## **SHARING OF MINISTRIES ABROAD (SOMA UK)** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ |**8**
**Support costs**
**Support costs**
**Governance**
**costs**
**£**
**£**
Staff costs (included in note
10)
20,419
‐
Office accommodation and
administration costs
10,607
‐
Costs of Trustees meetings
‐
1,064
Accounting & Independent
Examination
‐
920
31,026
1,984
Analysed between
Charitable activities
31,026
1,984|**2022**
**£**
20,419
10,607
1,064
920
33,010
33,010|**2021** **Basis of allocation**
**£**
15,619 Estimates of time spent by
staff
11,872 Pro rata to staff costs
729 Actual cost incurred
2,581 Pro rata to staff costs
30,801
30,801| |---|---|---| - **9 Trustees** None of the trustees (or any persons connected with them) received any remuneration during the year, but 6 of them received reimbursed travelling expenses totalling £943 (2021 ‐ £108 reimbursed to 1 Trustee). - 13 - ## **SHARING OF MINISTRIES ABROAD (SOMA UK)** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **10 Employees** ## **Number of employees** The average monthly number of employees during the year was: ||**2022**|**2021**| |---|---|---| ||**Number**|**Number**| |National Director|1|1| |Support staff|3|2| ||4|3| |**Employment costs**|**2022**|**2021**| ||**£**|**£**| |Wages and salaries|56,466|52,297| |Redundancy cost|‐|500| |Social security costs|‐|‐| |Other pension costs|65|58| ||56,531|52,855| The average number of full time equivalent employees for the year was 2 (2021: 2) There were no employees whose annual remuneration was £60,000 or more. (2021 – None) ## **11 Taxation** The trust is a registered charity and is exempt from taxation on income and capital gains where they are applied for charitable purposes. ## **12 Debtors** |**Amounts falling due within one year:**
Trade debtors
Other debtors
Prepayments|**2022**
**£**
510
260
2,157
2,927|**2021**
**£**
‐
260
2,604| |---|---|---| |||2,864| - 14 - ## **SHARING OF MINISTRIES ABROAD (SOMA UK)** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **13 Creditors: amounts falling due within one year** |**Creditors: amounts falling due within one year**||| |---|---|---| |**Notes**
Other taxation and social security
Deferred income
**14**
Trade creditors
Other creditors
Accruals|**2022**
**£**
863
3,962
‐
1,459
4,368
10,652|**2021**
**£**
1,040
5,761
‐
2,268
‐| |||9,069| ## **14 Deferred income** ||**2022**|**2021**| |---|---|---| ||**£**|**£**| |Arising from income received towards future||| |planned missions|3,962|5,761| ## **15 Retirement benefit schemes** ## **Defined contribution schemes** The charity operates a defined contribution pension scheme for all employees (apart from the National Director) unless they elect to opt out. The assets of the scheme are held separately from those of the charity in an independently administered fund. By virtue of his status as an ordained Church of England Minister the cost of pension provision for the National Director (and the legal obligation for making payment of retirement pension when it becomes due) is borne by the Church of England Pensions Board. No cost falls on SOMA for this provision. The total pension cost borne by SOMA for the year is disclosed in the Employees Note (Note 10). - 15 - ## **SHARING OF MINISTRIES ABROAD (SOMA UK)** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **16 Restricted funds** The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: ||||**Movement**|**in funds**||| |---|---|---|---|---|---|---| ||**Balance at**||**Income**|**Expenditure**|**Balance**|**at**| ||**1 January 2022**||||**31 December**|| ||||||**2022**|| |||**£**|**£**|**£**||**£**| |Ukraine appeal||‐|22,393|(14,338)||8,055| |META Youth||‐|4,050|( 697)||3,353| |Bursary fund||‐|1,000|( 1,000)||‐| |Partners in Renewal|2,047||39|‐||2,086| |Outreach fund|580||11|‐||591| |Mission, mission co‐ordination & conferences||‐|3,302|( 2,911)||391| ||2,627||30,795|( 18,946)|14,476|| |Further particulars of the funds are as follows:||||||| ## **Team visits:** Donations are received towards specific team visits or areas of mission. Unused funds are held until their purpose is fulfilled. ## **Partners in renewal:** The fund is used to facilitate Christian leaders from overseas to visit parishes in the UK to minister together for their mutual benefit. Visits are usually linked with an international conference. ## **Mission and mission co‐ordination:** This work is funded by a number of donors to provide support for the expenses of the role of International Coordinator of the Episcopal Church of South Sudan (ECSS). ECSS is a mission partner of SOMA UK. ## **Outreach fund:** Started in 1988 this fund is to be used for the special actions of Christian outreach through SOMA UK at the discretion of the International Board's chairman, secretary and treasurer. In particular it is to be used to help towards exceptional outreach action and the travel expenses of SOMA UK teams from developing countries and to bring people from developing countries to renewal events. ## **META youth:** META Youth is a cohort of 16‐19s undertaking weekly HUB zoom training in leadership and biblical theology ahead of a summer mission to Lebanon. The cohort is drawn from around the world, including the UK, South Asia and the Middle East. ## **Ukraine appeal:** In response to the crisis in Ukraine, at the invitation of the Bishop in Europe and the Bishop of Kensington and in partnership with a local West London School and churches. A small SOMA team was able to visit the Poland/Ukraine border with a minibus filled with resources and donations from local churches and to bring back displaced Ukrainians to drop off points in Warsaw, Germany and the Netherlands. The remaining funds will be dispersed in areas of need during 2023. - 16 - ## **SHARING OF MINISTRIES ABROAD (SOMA UK)** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **17 Analysis of net assets between funds** |**Unrestricted**
**funds**
**Restricted**
**funds**
**2022**
**2022**
**£**
**£**
Fund balances at 31 December 2022 are
represented by:
Current assets/(liabilities)
57,826
14,476
57,826
14,476|**Total**
**2022**
**£**
72,302
72,302|**Total**
**2021**
**£**
35,734| |---|---|---| |||35,734| ## **18 Related party transactions and key management personnel** ## **Remuneration of key management personnel** At the end of July 2021 the then National Director retired. The successor was appointed on a part time basis commencing in June 2021 in order to achieve an effective hand over and the new appointment became a full time role from 1[st] September 2021. The remuneration of key management personnel is as follows. ||**2022**|**2021**| |---|---|---| ||**£**|**£**| |Aggregate compensation of the national director post for the year|37,382|37,236| Under an arrangement agreed with the former National Director until 31 July 2021 the SOMA offices were located in an annexe to the private residence of the National Director. No rent or contributions towards utility costs were paid to the National Director in the year (2021: £2,237). ## **Donations to the charity by related parties:** Donations to the charity made by trustees and officers amounted to £5,787. ## **19 Post balance sheet events** As a result of the Coronavirus pandemic SOMA UK’s ability to operate normally from March 2020 was severely curtailed. However the Trustees are of the opinion that, for the foreseeable future, it has not affected the underlying financial stability of the charity although a return to ‘normal’ level of activity is unlikely until 2024. - 17 -