2024-06-30-accounts - Sharing Christ Internationally

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CHARITY REGISTRATION NUMBER: 328110

Sharing Christ Internationally Unaudited Financial Statements

30 June 2024

BOHORUN & CO LTD

Chartered Certified Accountants 6 Howley Park Business Village Pullan Way Leeds England LS27 0BZ

Sharing Christ Internationally

Financial Statements

Year ended 30 June 2024

	Page
Trustees' annual report	1-4
Independent examiner's report to the trustees	5
Statement of financial activities	6
Statement of financial position	7
Notes to the financial statements	8-15

Sharing Christ Internationally

Trustees' Annual Report

Year ended 30 June 2024

The trustees present their report and the unaudited financial statements of the charity for the year ended 30 June 2024.

Reference and administrative details

Registered charity name	Sharing Christ Internationally
Charity registration number	328110
Principal office	PO Box 351
	London
	W10 5GB
The trustees
	Mr E R Davies
	Mrs V E Halliday
	Mr R L Hinton
	Mr R Worton
	Mr D Gooud
Independent examiner	Divya Prakash Bohorun FCCA FCMI
	6 Howley Park Business Village
	Pullan Way
	Leeds
	England
	LS27 0BZ

Sharing Christ Internationally

Trustees' Annual Report (continued)

Year ended 30 June 2024

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. With this in mind the trustees have developed a Management Team during 2023 to enhance its operating 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.

Sharing Christ Internationally

Trustees' Annual Report (continued)

Year ended 30 June 2024

Objectives and activities

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 2024, 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 regular news and prayer letter to over 700 individuals around the world.
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.

Sharing Christ Internationally

Trustees' Annual Report (continued)

Year ended 30 June 2024

Achievements 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.

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.

Financial review

Financial position

The charity had net incoming resources during the year of £7,795 (2023: (£12,782)). This change from a negative incoming resource (deficit) in 2023 to a positive incoming resource (surplus) for 2024 is due to an increase in donations and a reduction in costs during the year 2024.

Reserves policy

As at 30 June 2024 the charity had unrestricted funds of £119,242 (2023: £114,300), and restricted funds of £118,924 (2023: £116,071). Full details of the purpose and movements on the restricted funds during the year are provided at note 15 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 £15,953 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 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 and 2 fixed 12 month savings accounts.

The trustees' annual report was approved on 12 March 2025 and signed on behalf of the board of trustees by:

Mrs V E Halliday Trustee

Sharing Christ Internationally

Independent Examiner's Report to the Trustees of Sharing Christ Internationally

Year ended 30 June 2024

I report to the trustees on my examination of the financial statements of Sharing Christ Internationally ('the charity') for the year ended 30 June 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 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:

accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the financial statements do not accord with those records; or
the financial statements 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.

Divya Prakash Bohorun FCCA FCMI Independent Examiner

6 Howley Park Business Village Pullan Way Leeds England LS27 0BZ

Sharing Christ Internationally

Statement of Financial Activities

Year ended 30 June 2024

			2024		2023
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	4	27,514	23,973	51,487	45,873
Investment income	5	1,625	–	1,625	564
		----------------------------	----------------------------	----------------------------	----------------------------
Total income		29,139	23,973	53,112	46,437
		============================	============================	============================	============================
Expenditure
Expenditure on charitable activities	6,7	24,197	21,120	45,317	59,219
		----------------------------	----------------------------	----------------------------	----------------------------
Total expenditure		24,197	21,120	45,317	59,219
		============================	============================	============================	============================
		----------------------------	----------------------------	----------------------------	----------------------------
Net income/(expenditure) and net
movement in funds		4,942	2,853	7,795	(12,782)
		============================	============================	============================	============================
Reconciliation of funds
Total funds brought forward		114,300	116,071	230,371	243,152
		--------------------------------	--------------------------------	--------------------------------	--------------------------------
Total funds carried forward		119,242	118,924	238,166	230,370
		================================	================================	================================	================================

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 15 form part of these financial statements.

Sharing Christ Internationally

Statement of Financial Position

30 June 2024

		2024	2023
	Note	£	£
Fixed assets
Tangible fixed assets	12	103,289	106,108
Current assets
Debtors	13	365	3,338
Cash at bank and in hand		136,461	122,317
		--------------------------------	--------------------------------
		136,826	125,655
Creditors: amounts falling due within one year	14	1,949	1,393
		--------------------------------	--------------------------------
Net current assets		134,877	124,262
		--------------------------------	--------------------------------
Total assets less current liabilities		238,166	230,370
		--------------------------------	--------------------------------
Net assets		238,166	230,370
		================================	================================
Funds of the charity
Restricted funds		118,924	116,071
Unrestricted funds		119,242	114,299
		--------------------------------	--------------------------------
Total charity funds	15	238,166	230,370
		================================	================================

These financial statements were approved by the board of trustees and authorised for issue on 12 March 2025, and are signed on behalf of the board by:

Mrs V E Halliday Trustee

The notes on pages 8 to 15 form part of these financial statements.

Sharing Christ Internationally

Notes to the Financial Statements

Year ended 30 June 2024

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Box 351, London, W10 5GB.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

(a) No cash flow statement has been presented for the company.(b) Disclosures in respect of financial instruments have not been presented.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Sharing Christ Internationally

Notes to the Financial Statements (continued)

Year ended 30 June 2024

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Sharing Christ Internationally

Notes to the Financial Statements (continued)

Year ended 30 June 2024

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property - on cost Motor vehicles - on cost

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Sharing Christ Internationally

Notes to the Financial Statements (continued)

Year ended 30 June 2024

3. Accounting policies (continued)

Financial instruments (continued)

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Donations and legacies

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2024
	£	£	£
Donations
General Fund	26,437	–	26,437
BSM	–	4,763	4,763
MPS	–	18,091	18,091
Scripture	–	1,078	1,078
Gift Aid - General Fund	1,077	–	1,077
Gift Aid - MPS	–	41	41
	----------------------------	----------------------------	----------------------------
	27,514	23,973	51,487
	============================	============================	============================
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023
	£	£	£
Donations
General Fund	23,149	–	23,149
BSM	–	6,949	6,949
MPS	–	14,062	14,062
Scripture	–	1,163	1,163
Gift Aid - General Fund	496	–	496
Gift Aid - MPS	–	54	54
	----------------------------	----------------------------	----------------------------
	23,645	22,228	45,873
	============================	============================	============================

Sharing Christ Internationally

Notes to the Financial Statements (continued)

Year ended 30 June 2024

5. Investment income

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2024	Funds	2023
	£	£	£	£
Income from other investments	163	163	–	–
Deposit Account Interest	1,462	1,462	564	564
	-----------------------	-----------------------	--------------	--------------
	1,625	1,625	564	564
	=======================	=======================	==============	==============
Expenditure on charitable activities by fund type
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2024
		£	£	£
General Fund		21,770	20,620	42,390
Support costs		2,427	500	2,927
		----------------------------	----------------------------	----------------------------
		24,197	21,120	45,317
		============================	============================	============================
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2023
		£	£	£
General Fund		24,696	32,261	56,958
Support costs		1,558	704	2,261
		----------------------------	----------------------------	----------------------------
		26,254	32,965	59,219
		============================	============================	============================
Expenditure on charitable activities by activity type
	Activities
	undertaken	Support	Total funds	Total fund
	directly	costs	2024	2023
	£	£	£	£
General Fund	42,390	–	42,390	56,958
Governance costs	–	2,927	2,927	2,261
	----------------------------	-----------------------	----------------------------	----------------------------
	42,390	2,927	45,317	59,219
	============================	=======================	============================	============================
Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
			2024	2023
			£	£
Depreciation of tangible fixed assets			2,819	2,440
			=======================	=======================
Independent examination fees
			2024	2023
			£	£
Fees payable to the independent examiner for:
Independent examination of the financial statements			1,800	1,200
			=======================	=======================

6. Expenditure on charitable activities by fund type

7. Expenditure on charitable activities by activity type

8. Net income/(expenditure)

9. Independent examination fees

Sharing Christ Internationally

Notes to the Financial Statements (continued)

Year ended 30 June 2024

10. Staff costs

The average head count of employees during the year was Nil (2023: Nil).

No employee received employee benefits of more than £60,000 during the year (2023: Nil).

11. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees

12. Tangible fixed assets

		Freehold	Motor
		property	vehicles	Total
		£	£	£
	Cost
	At 1 July 2023 and 30 June 2024	122,580	2,444	125,024
		================================	=======================	================================
	Depreciation
	At 1 July 2023	18,238	678	18,916
	Charge for the year	2,452	367	2,819
		--------------------------------	-----------------------	--------------------------------
	At 30 June 2024	20,690	1,045	21,735
		================================	=======================	================================
	Carrying amount
	At 30 June 2024	101,890	1,399	103,289
		================================	=======================	================================
	At 30 June 2023	104,342	1,766	106,108
		================================	=======================	================================
13.	Debtors
			2024	2023
			£	£
	Trade debtors		–	1,163
	Other debtors		365	2,175
			--------------	-----------------------
			365	3,338
			==============	=======================
14.	Creditors: amounts falling due within one year
			2024	2023
			£	£
	Bank loans and overdrafts		74	119
	Accruals and deferred income		1,875	1,274
			-----------------------	-----------------------
			1,949	1,393
			=======================	=======================

Sharing Christ Internationally

Notes to the Financial Statements (continued)

Year ended 30 June 2024

15. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
				At
	At			30 June 202
	1 July 2023	Income	Expenditure	4
	£	£	£	£
General funds	114,300	29,139	(24,197)	119,242
	================================	============================	============================	================================
	At			At
	1 July 2022	Income	Expenditure	30 June 2023
	£	£	£	£
General funds	116,344	24,209	(26,254)	114,299
	================================	============================	============================	================================
Restricted funds
				At
	At			30 June 202
	1 July 2023	Income	Expenditure	4
	£	£	£	£
BSM	6,083	4,763	6,791	17,637
MPS	21,590	18,132	(27,911)	11,811
HYMN Books	5,087	–	–	5,087
Scripture	83,311	1,078	–	84,389
	--------------------------------	----------------------------	----------------------------	--------------------------------
	116,071	23,973	(21,120)	118,924
	================================	============================	============================	================================
	At			At
	1 July 2022	Income	Expenditure	30 June 2023
	£	£	£	£
BSM	11,014	22,228	(32,965)	277
MPS	28,559	–	–	28,559
HYMN Books	5,087	–	–	5,087
Scripture	82,148	–	–	82,148
	--------------------------------	----------------------------	----------------------------	--------------------------------
	126,808	22,228	(32,965)	116,071
	================================	============================	============================	================================

Sharing Christ Internationally

Notes to the Financial Statements (continued)

Year ended 30 June 2024

16. Analysis of net assets between funds

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2024
	£	£	£
Tangible fixed assets	103,289	–	103,289
Current assets	17,902	118,924	136,826
Creditors less than 1 year	(1,949)	–	(1,949)
	--------------------------------	--------------------------------	--------------------------------
Net assets	119,242	118,924	238,166
	================================	================================	================================
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023
	£	£	£
Tangible fixed assets	106,108	–	106,108
Current assets	9,584	116,071	125,655
Creditors less than 1 year	(1,393)	–	(1,393)
	--------------------------------	--------------------------------	--------------------------------
Net assets	114,299	116,071	230,370
	================================	================================	================================