**REGISTERED CHARITY NUMBER: 328110**
**REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022**
## **FOR SHARING CHRIST INTERNATIONALLY**
Sedulo Accountants Limited Chartered Certified Accountants 62-66 Deansgate Manchester M3 2EN
**SHARING CHRIST INTERNATIONALLY**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**||6||
|**Notes to the Financial Statements**|7|to|12|
|**Detailed Statement of Financial Activities**||13||
**SHARING CHRIST INTERNATIONALLY**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022**
The trustees present their report with the financial statements of the charity for the year ended 30 June 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objectives of the charity are set out in its Trust Deed. The primary purpose of the charity is the advancement of the Christian Faith throughout the world.
For security purposes, given that the charity operates and provides support in countries where there is opposition to Christianity and antagonism at best and persecution at worst can at times be experienced when engaged in Christian work, the identity of the countries in which the charity operates outside the United Kingdom and the identity of organisations in those countries with compatible aims which the charity works with and supports ('partner organisations'), are not disclosed in this report and financial statements. However, the charity actively promotes the spread of Christianity in several countries in Asia, Europe and America.
## **Significant activities**
The trustees have paid due regard to the guidance on public benefit published by the Charity Commission. In this respect, during the year ended 30 June 2022, the trustees have focussed on:
- Improving its own and partner organisations' logistical efficiency. This has included attempts to increase
- - the number of the charity's volunteers.
- Promoting access to the Bible and Christian literature for non-English speaking people in their own
- - country and language.
- Mentoring via Zoom and email, and supporting online ministry globally.
- Supporting several international prayer meetings, keeping participants and supporters well informed and involved.
- The translation of the Bible into an increasing number of languages and scripts. Monitoring the political situation in the regions of the world that the charity operates in, and providing
- information both to missionaries, other field personnel, partners and prayer groups.
- Circulating a monthly news and prayer letter to over 700 individuals around the world.
- Providing Biblical ministry through speaking engagements, fraternities and conferences.
- Being proactive in our engagement with and encouragement of new and existing donors. Reducing overhead costs where possible to maximise the resources available to meet the charity's
- - objectives.
## **Public benefit**
The trustees confirm that throughout the year and since then they have considered the guidance provided by the Charity Commissioners on public benefit when reviewing the charity's objectives and directing its activities.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
Sharing Christ Internationally in UK has coordinated regular meetings and supported the distribution of Christian literature in the UK and overseas. For the reasons given above in the section on Objectives and Activities, 'Objectives and aims', for security reasons the identity of these overseas countries is not disclosed, nor is the identity of partner organisations in these countries.
## **FINANCIAL REVIEW**
## **Financial position**
The charity had net incoming resources during the year of £4,535 (2021: £35,201) with the decrease due to a reduction in donations received during the year. Costs of the charity have remained consistent with the previous financial year.
Page 1
**SHARING CHRIST INTERNATIONALLY**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022**
## **FINANCIAL REVIEW**
## **Reserves policy**
As at 30 June 2022 the charity had unrestricted funds of £116,343 (2021: £129,575), and restricted funds of £126,809 (2021: £109,042). Full details of the purpose and movements on the restricted funds during year are provided at note 11 to the financial statements.
Trustees have reviewed if it is necessary to maintain a minimum level of General Fund cash at bank reserves. SCI has no endowment funding and is entirely reliant on donor income, which is inevitably subject to fluctuation. However there are no paid employees and the ministry is totally reliant on the work of Trustees and volunteers. Contractual obligations are modest and ministry programmes costs can all be adjusted in a timely manner. Trustees consider General Fund cash of £9,671 adequate to support all ongoing activities and that a minimum level of reserves is not required. This policy will be regularly reviewed by Trustees.
The trustees are generally mindful that in recent years expenditure has exceeded income and they are therefore currently looking at ways of increasing income.
Funds held in excess of the charity's day to day requirements are held in a Money Market account with HSBC Bank Plc.
## **FUTURE PLANS**
The charity plans to make improvements to its organisational structure. This will include developing its volunteer base and recruiting more trustees.
The trustees are generally mindful that in recent years expenditure has exceeded income and they are therefore currently looking at ways of increasing income.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The charity is controlled by its governing document, a Declaration of Trust dated 26 January 1988, as amended by a Supplemental Deed dated 22 August 1997.
## **Recruitment and appointment of new trustees**
Trustees are appointed by a resolution of the Board of Trustees recorded in the minutes and signed by the new trustee. When appointing new trustees the Board takes into account that it is practicable to do so and that the appointee will augment the skills and experience of the Board of Trustees as a whole.
## **Organisational structure**
While the trustees engage with the operations of the charity at the strategic level, the day-to-day management of the charity is handled by volunteers. The charity recognises the need to develop its organisational structure.
## **Induction and training of new trustees**
The charity has not adopted specific policies for the induction and training of trustees. The Board are mindful of the need for trustees to keep abreast of developments in charity law and Best Practice, especially with regard their fiduciary duty and their duty to volunteers. The charity is an associate member of Global Connections which gives access to resources and training. It is also an associate of Affinity, a network of Christian churches and agencies throughout the United Kingdom.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
328110
Page 2
## **SHARING CHRIST INTERNATIONALLY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022**
**Principal address** Box 351 London W10 5GB
**Trustees** Mr E R Davies Dr S DeSmet (resigned 9.10.22) Mrs V E Halliday Mr R L Hinton Mr R Madden (resigned 9.10.22) Mrs A D Patterson (resigned 24.10.22) Mr R Worton (appointed 7.1.23) Mr D Gooud (appointed 24.2.23)
**Independent Examiner** Gavin A Bell BA ACA Sedulo Accountants Limited Chartered Certified Accountants 62-66 Deansgate Manchester M3 2EN
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.................................................................... Mrs V E Halliday - Trustee
Page 3
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHARING CHRIST INTERNATIONALLY**
## **Independent examiner's report to the trustees of Sharing Christ Internationally**
I report to the charity trustees on my examination of the accounts of Sharing Christ Internationally (the Trust) for the year ended 30 June 2022.
## **Responsibilities and basis of report**
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 Trust 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.
Gavin A Bell BA ACA
Sedulo Accountants Limited Chartered Certified Accountants 62-66 Deansgate Manchester M3 2EN
Date: .............................................
Page 4
## **SHARING CHRIST INTERNATIONALLY**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2022**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
30,150
Investment income
2
13
**Total**
30,163
**EXPENDITURE ON**
**Charitable activities**
General charitable activities
41,371
Governance
2,024
**Total**
43,395
**NET INCOME/(EXPENDITURE)**
(13,232)
**RECONCILIATION OF FUNDS**
Total funds brought forward
129,575
**TOTAL FUNDS CARRIED FORWARD**
116,343|Restricted
funds
£
23,121
-
23,121
5,299
55
5,354
17,767
109,042
126,809|2022
Total
funds
£
53,271
13
53,284
46,670
2,079
48,749
4,535
238,617
243,152|2021
Total
funds
£
78,995
5|
|---|---|---|---|
||||79,000|
||||42,638
1,161|
||||43,799|
||||35,201
203,416|
||||238,617|
The notes form part of these financial statements
Page 5
## **SHARING CHRIST INTERNATIONALLY**
## **BALANCE SHEET 30 JUNE 2022**
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
6
108,548
**CURRENT ASSETS**
Debtors
7
1,965
Cash at bank
7,706
9,671
**CREDITORS**
Amounts falling due within one year
8
(1,875)
**NET CURRENT ASSETS**
7,796
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
116,344
**CREDITORS**
Amounts falling due after more than one year
9
-
**NET ASSETS**
116,344
**FUNDS**
11
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
-
-
126,809
126,809
(1)
126,808
126,808
-
126,808|2022
Total
funds
£
108,548
1,965
134,515
136,480
(1,876)
134,604
243,152
-
243,152
116,344
126,808
243,152|2021
Total
funds
£
108,842
3,333
141,784
145,117
(2,182)
142,935
251,777
(13,160)
238,617
129,575
109,042
238,617|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mrs V E Halliday - Trustee
The notes form part of these financial statements
Page 6
**SHARING CHRIST INTERNATIONALLY**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The Financial Statements are prepared in pound sterling which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The charity meets the definition of a public benefit entity under FRS 102.
## **Going Concern**
The Trustees have considered charity's current and future financial position. The charity holds unrestricted funds of £116,344 and total cash balance of £134,515. For this reason, the Trustees consider that the charity has sufficient cash reserves to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost Motor vehicles - 15% on cost
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 7
continued...
**SHARING CHRIST INTERNATIONALLY**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022**
## **1. ACCOUNTING POLICIES - continued**
## **Foreign currencies**
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
## **2. INVESTMENT INCOME**
||2022|2021|
|---|---|---|
||£|£|
|Deposit account interest|13|5|
|**SUPPORT COSTS**|||
|||Governance|
|||costs|
|||£|
|Governance||2,079|
## **3. SUPPORT COSTS**
Support costs, included in the above, are as follows:
## **Governance costs**
|**Governance costs**|||
|---|---|---|
||2022|2021|
|||Total|
||Governance|activities|
||£|£|
|Accountancy|1,788|1,150|
|Bank & credit card charges|291|11|
||2,079|1,161|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 June 2022 nor for the year ended 30 June 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 June 2022 nor for the year ended 30 June 2021.
Page 8
continued...
## **SHARING CHRIST INTERNATIONALLY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022**
|**5.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
61,171
Investment income
5
**Total**
61,176
**EXPENDITURE ON**
**Charitable activities**
General charitable activities
25,720
Governance
1,160
**Total**
26,880
**NET INCOME**
34,296
**RECONCILIATION OF FUNDS**
Total funds brought forward
95,279
**TOTAL FUNDS CARRIED FORWARD**
129,575
**6.**
**TANGIBLE FIXED ASSETS**
Freehold
property
£
**COST**
At 1 July 2021
122,580
Additions
-
At 30 June 2022
122,580
**DEPRECIATION**
At 1 July 2021
13,738
Charge for year
2,371
At 30 June 2022
16,109
**NET BOOK VALUE**
At 30 June 2022
106,471
At 30 June 2021
108,842||Restricted
funds
£
17,824
-
17,824
16,918
1
16,919
905
108,137
109,042
Motor
vehicles
£
-
2,444
2,444
-
367
367
2,077
-|Total
funds
£
78,995
5
79,000
42,638
1,161
43,799
35,201
203,416
238,617
Totals
£
122,580
2,444
125,024
13,738
2,738
16,476
108,548
108,842|Total
funds
£
78,995
5|
|---|---|---|---|---|
|||||79,000|
|||||42,638
1,161|
|||||43,799|
|||||35,201
203,416|
|||||238,617|
||||||
||||||
||||||
||||||
||||||
Page 9
continued...
**SHARING CHRIST INTERNATIONALLY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022**
|**7.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Taxation and social security
Other creditors
**9.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Other creditors
**10.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling between one and two years:
Other loans - 1-2 years
**11.**
**MOVEMENT IN FUNDS**
At 1.7.21
£
**Unrestricted funds**
General fund
129,575
**Restricted funds**
Partner organisation fund
546
Missionary fund
22,074
Hymn books
5,087
Scripture
81,335
109,042
**TOTAL FUNDS**
238,617|2022
£
1,965
2022
£
-
1,876
1,876
2022
£
-
2022
£
-
Net
movement
in funds
£
(13,231)
10,468
6,485
-
813
17,766
4,535|2021
£
3,333
2021
£
75
2,107
2,182
2021
£
13,160
2021
£
13,160
At
30.6.22
£
116,344
11,014
28,559
5,087
82,148|2021
£
3,333
2021
£
75
2,107
2,182
2021
£
13,160|2021
£
3,333|
|---|---|---|---|---|
|||||2021
£
75
2,107|
|||||2,182|
||||2021
£
13,160||
|||126,808|||
|||243,152|||
Page 10
continued...
**SHARING CHRIST INTERNATIONALLY**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022**
## **11. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Partner organisation fund
Missionary fund
Scripture
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**Restricted funds**
Partner organisation fund
Missionary fund
Hymn books
Scripture
**TOTAL FUNDS**|Incoming
resources
£
30,163
9,991
12,317
813
23,121
53,284
At 1.7.20
£
95,279
5,809
16,321
5,087
80,920
108,137
203,416|Resources
Movement
expended
in funds
£
£
(43,394)
(13,231)
477
10,468
(5,832)
6,485
-
813
(5,355)
17,766
(48,749)
4,535
Net
movement
At
in funds
30.6.21
£
£
34,296
129,575
(5,263)
546
5,753
22,074
-
5,087
415
81,335
905
109,042
35,201
238,617|
|---|---|---|
Page 11
continued...
**SHARING CHRIST INTERNATIONALLY**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022**
## **11. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|61,176|(26,880)|34,296|
|**Restricted funds**||||
|Partner organisation fund|2,702|(7,965)|(5,263)|
|Missionary fund|14,707|(8,954)|5,753|
|Scripture|415|-|415|
||17,824|(16,919)|905|
|**TOTAL FUNDS**|79,000|(43,799)|35,201|
"Partner organisation fund" holds donations received for passing on to the partner organisations overseas with compatible aims to those of the charity which the charity works with and supports.
"Missionary fund" holds donations received and payments made for the personal support of missionaries working in the world at large to bring the charity's aims to fruition.
"Hymn Books" is in respect of monies donated to the charity to be used for the printing of hymn books in the language of an overseas country in which it operates.
"Scripture" is in respect of donations received for printing the Bible in the language of a country in which the charity operates, yet to be expended on a possible second print run should demand require it.
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 30 June 2022.
Page 12
**SHARING CHRIST INTERNATIONALLY**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2022**
||2022|2021|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|50,764|75,662|
|Gift aid|2,507|3,333|
||53,271|78,995|
|**Investment income**|||
|Deposit account interest|13|5|
|**Total incoming resources**|53,284|79,000|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Advertising|17,648|17,433|
|Donations|3,976|265|
|Missions|5,287|12,954|
|General office expenses & travel|12,940|5,649|
|Bibles print, storage & transportation|1,741|3,815|
|Subscriptions|2,340|151|
|Depreciation of freehold property|2,738|2,371|
||46,670|42,638|
|**Support costs**|||
|**Governance costs**|||
|Accountancy|1,788|1,150|
|Bank & credit card charges|291|11|
||2,079|1,161|
|Total resources expended|48,749|43,799|
|**Net income**|4,535|35,201|
This page does not form part of the statutory financial statements
Page 13