OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

2025-06-30-accounts

Charity registration number 328110 (England and Wales)

SHARING CHRIST INTERNATIONALLY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

y Caladi Chartered Certified Accountants

SHARING CHRIST INTERNATIONALLY

LEGAL AND ADMINISTRATIVE INFORMATION

ieee ee Trustees Mr E R Davies Mrs V E Halliday Mr R L Hinton Charity number (England and Wales) 328110

Principal address PO BOX 351 London W10 5GB Independent examiner John Caladine FCCA CTA FCIE Caladine Limited Chantry House 22 Upperton Road Eastbourne East Sussex BN21 1BF

Bankers

HSBC Bank plc King Street Huddersfield HD1 2QB

Neeee

SHARING CHRIST INTERNATIONALLY

CONTENTS

a a
Page
Trustees’ report 1-3
Independentexaminer's report 4
Statement offinancial activities 5
Statement offinancial position 6
Notestothefinancialstatements 7-15

a————

SHARING CHRIST INTERNATIONALLY

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2025

a

The Trustees present their annual report and financial statements for the year ended 30 June 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP “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)".

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.

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.

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 2025, the trustees have focused on:

SS—

wii

SHARING CHRIST INTERNATIONALLY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

eaeee ES

Achievements and performance

Significant activities and achievements against objectives 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.

Financia! review

The charity had net outgoing resources during the year of £11,774 (2024: £741 outgoing). Costs of the charity have remained consistent with the previous financial year.

As at 30 June 2025 the charity had unrestricted funds of £117,740 (2024: £119,242), and restricted funds of £108,652 (2024: £118,924). Full details of the purpose and movements on the restricted funds during the year are provided at note 15 to the financial statements.

Reserves policy

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 programme costs can all be adjusted in a timely manner. Trustees consider General cash of £17,000 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 two fixed 12 month savings accounts.

Structure, governance and management

The charity is controlled by its governing document, and constitutes an unincorporated charity.

Its governing document is a Declaration of Trust dated 26 January 1988, as amended by a Supplemental Deed dated 22 August 1997.

The Trustees who served during the year and up to the date of signature of the financial statements were:

Mr E R Davies Mrs V E Halliday Mr R L Hinton Mr R Worton (Resigned 15 May 2025) Mr D Gooud (Resigned 16 June 2025)

Recruitment and appointment of 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.

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event ofa winding up.

wD x

SHARING CHRIST INTERNATIONALLY

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

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.

Induction and training of 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.

The Trustees' report was approved by the Board of Trustees.

Mrs VE Halliday ~ Trustee

Date: io ee ace

SHARING CHRIST INTERNATIONALLY

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHARING CHRIST INTERNATIONALLY

Se

| report to the Trustees on my examination of the financial statements of Sharing Christ Internationally (the charity) for the year ended 30 June 2025.

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.

| report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. | understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

| have completed my examination. | confirm that no matters have come to my attention in connection with the

examination giving me cause to believe that in any material respect:

| 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 financial statements to be reached.

==> picture [96 x 33] intentionally omitted <==

----- Start of picture text -----
HK ee —
----- End of picture text -----

==> picture [132 x 10] intentionally omitted <==

----- Start of picture text -----
John Caladin CA CTA FCIE
----- End of picture text -----

Caladine Limited Chantry House 22 Upperton Road

Eastbourne East Sussex BN21 1BF

;

Date:aN Qt Che

——"

Seen.LT 0C -4-

SHARING CHRIST INTERNATIONALLY

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2025

FOR THE YEAR ENDED 30 JUNEJUNE 2025 FOR THE YEAR ENDED 30 JUNEJUNE 2025 FOR THE YEAR ENDED 30 JUNEJUNE 2025 FOR THE YEAR ENDED 30 JUNEJUNE 2025 FOR THE YEAR ENDED 30 JUNEJUNE 2025 FOR THE YEAR ENDED 30 JUNEJUNE 2025 FOR THE YEAR ENDED 30 JUNEJUNE 2025 FOR THE YEAR ENDED 30 JUNEJUNE 2025
EE————— a
e———
EE~_=———E——E—EEEEE———
SS
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
Notes £ £ £ £ £ £
Income from:
Donations and legacies 3 12,852 18,735 31,587 21,203 23,973 45,176
Investments 4 2,339 - 2,339 1,625 - 1,625
Total income 15,191 18,735 33,926 22,828 23,973 46,801
Expenditure on:
Charitable activities 5 17,534 28,166 45,700 24,196 23,346 47,542
Total expenditure 17,534 28,166 45,700 24,196 23,346 47,542
Netexpenditure (2,343) (9,431) (11,774) (1,368) 627 (741)
Transfers between
funds 15 841 (841) - 6,311 (6,311) -
Net movement in
funds 8 (1,502) (10,272) (11,774) 4,943 (5,684) (741)
Reconciliation of funds:
Fund balances at 1 July 2024 119,242 118,924 238,166 114,299 124,608 238,907
Fund balances at 30 June
2025 117,740 108,652 226,392 119,242 118,924 238,166

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

i _

-5-

SHARING CHRIST INTERNATIONALLY

STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2025

ga ga ga ga ga ga
2025 2024
Notes £ £ £ £
Fixed assets
Property, plant and equipment 12 100,471 103,290
Current assets
Trade and other receivables 13 64 364
Cash at bank and in hand 128,377 136,461
128,441 136,825
Current liabilities 14 (2,520) (1,949)
Net currentassets 125,921 134,876
Total assets less current liabilities 226,392 238,166
The funds ofthe charity
Restricted income funds 15 108,652 118,924
Unrestricted funds 16 117,740 119,242
226,392 238,166

The financial statements were approved by the Trustees ON ............:.:seesees

Mrs V E Halliday Trustee

ee.eS -6-

SHARING CHRIST INTERNATIONALLY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

we

Charity information

Sharing Christ internationally is a unincorporated charity established by a Declaration of Trust dated 26 January 1989 as amended by a Supplemental Deed dated 22 August 1997.

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland” and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities 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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. 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.

Restricted funds are subject to specific conditions by donors or grantors 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.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income 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.

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 are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

NN

u7s

SHARING CHRIST INTERNATIONALLY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

eeeee

1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis: Freehold land and buildings 2% straight line Motor vehicles 15% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7. Impairment of non-current assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Deeeeeeee = 8=

SHARING CHRIST INTERNATIONALLY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

7ea

1 Accounting policies (Continued)

Basic financial liabilities

Basic financial liabilities, including trade and other payables 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Totai
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Donations and gifts 12,852 18,735 31,587 21,203 23,973 45,176

SSee -9-

SHARING CHRIST INTERNATIONALLY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

i

3Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
(Continued)
Donations and gifts
General fund 12,695 - 12,695 20,126 - 20,126
BSM - 3,426 3,426 - 4,763 4,763
MPS - 14,092 14,092 - 18,091 18,091
Scripture - 886 886 - 1,078 1,078
InnerAsia - 290 290 - - -
GiftAid - General fund 82 - 82 1,077 - 1,077
Gift AidMPS - 41 41 - 41 41
Other 75 - 75 . - -
12,852 18,735 31,587 21,203 23,973 45,176

4 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 2,339 1,625

a -10-

SHARING CHRIST INTERNATIONALLY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

eSESS

5 Expenditure on charitable activities

Charitable Charitable
activities activities
2025 2024
£ £
Direct costs
Depreciation and impairment 2,818 2,818
Property costs 936 3,518
Heating and lighting 282 420
Insurance 1,155 578
Vehicle costs 349 874
Office costs 1,598 1,449
Website and IT 1,421 486
Subscriptions
Travel costs
1,048
2,228
1,506
2,728
Direct Mission costs 7,990 5,205
Direct Mission support 20,233 20,952
General expenses 873 4,081
40,931 44,615
Grant funding ofactivities (see note 6) 2,020 -
Share ofsupportand governance costs (see note 7)
Governance 2,749 2,927
45,700 47,542
Analysis by fund
Unrestricted funds 17,534 24,196
Restricted funds 28,166 23,346
45,700 47,542
6 Grants payable
Charitable
activities
2025
£
Grantstoindividuals 2,020

iET -1-

SHARING CHRIST INTERNATIONALLY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

nn,

7 Support costs allocated to activities

==> picture [461 x 292] intentionally omitted <==

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Governance|costs|2,749|2,927| |Analysed|between:| |Charitable|activities|2,749|2,927| |2025|2024| |Governance|costs|comprise:|£|£| |Independent|examination|fees|2,220|2,100| |Bank|Charges|529|827| |2,749|2,927| |8|Net movement|in|funds|2025|2024| |£|£| |The|net|movement|in|funds|is|stated|after|charging/(crediting):| |Fees|payable|for the|independent|examination|of the|charity's|financial| |statements|2,220|2,100| |Depreciation|of owned|property,|plant|and|equipment|2,818|2,818|

----- End of picture text -----

9 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

During the year donations of £495 were received from trustees and their related parties.

10 Employees

The average monthly number of employees during the year was:

==> picture [437 x 48] intentionally omitted <==

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |Number|Number| |Total|-|-|

----- End of picture text -----

There were no employees whose annual remuneration was more than £60,000.

11. Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

NN

-12-

SHARING CHRIST INTERNATIONALLY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

SSS

12 Property, plantand equipment
Freehold land Motor Total
and buildings vehicles
£ £ £
Cost
At 1 July2024 122,580 2,444 125,024
At30 June 2025 422,580 2,444 125,024
Depreciation and impairment
At 1 July2024 20,690 1,045 21,735
Depreciation charged in theyear 2,452 366 2,818
At 30 June 2025 23,142 1,411 24,553
Carrying amount
At 30 June 2025 99,438 1,033 100,471
At 30 June 2024 101,890 1,400 103,290
13 Trade and other receivables
2025 2024
Amounts falling duewithin oneyear: £ £
Other receivables 64 364
14 Current liabilities
2025 2024
Notes £ £
Bank overdrafts - 75
Accruals and deferred income 2,520 1,874
2,520 1,949

ea...

-13-

SHARING CHRIST INTERNATIONALLY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 eeei SS

15 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 July 2024 Incoming Resources Transfers At30June
resources expended 2025
£ £ £ £ £
BSM 17,637 3,426 (9,264) - 11,799
MPS 11,811 14,133 (17,299) (2,194) 6,451
Hymn books 5,087 - . - 5,087
Scripture 84,389 886 - ~ 85,275
InnerAsia - 290 (1,603) 1,353 40
118,924 18,735 (28,166) (841) 108,652
Previous year: At 1 July 2023 Incoming
resources
Resources
expended
Transfers At 30June
2024
£ £ £ £ £
BSM 14,620 4,763 (1,746) . 17,637
MPS 21,590 18,132 (21,600) (6,311) 11,811
Hymn books 5,087 . - - 5,087
Scripture 83,311 1,078 - - 84,389
124,608 23,973 (23,346) (6,311) 118,924

2024 figures have been amended for historical adjustments relating to recovered bank accounts.

The BSM Fund - This is a record of donations and expenses for the work of the charity in Mongolia called Bible Society of Mongolia.

The MPS Fund - This is a record of donations and expenses for the support of missionaries in Mongolia.

The Hymn Book Fund - This would and will be the record of donations given for the printing of Hymn Books in the Mongolian Language.

The Scripture Fund - This is a record of donations, sales and expenses for the re-printing of the Bible in Mongolian.

The Inner Asia Fund - This is a record of donations and expenses for Bible Translation work in a country that is dangerous for Believers.

ee

-14-