Scripture Union (Northern Ireland) Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Restricted funds Total funds 2024 Unrestrlcted funds Total funds Note Income and endowments Donations and legacies Charitable activities Other trading activities Investment income Other incom8 448,458 304,911 7,608 19,803 51,273 336,826 785.284 304.911 7.608 19.803 51.273 834,451 252.087 8,010 15.350 35.175 Total income 832.053 336.826 1,168,879 1.145,073 Expenditure Expenditure on raising funds: Costs of other trading activities Expenditure on charitable activities Total expenditure 10 11 15.334 830,012 845.346 15,334 1,107,135 1,122,469 15.775 1,010.389 1,026,164 277,123 277.123 Net Income (13,293) 59,703 46,410 118,909 Transfers beeen funds 52,800 (52,800) Net movornent in funds 39.507 6,903 46.410 118,909 Reconciliatlon of funds Total funds brought forward Total funds carried forward 1.694.151 274,335 1.968.486 1.849,577 1.968,486 1.733.658 281.238 2.014.896 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 21 to 33 form part of these flnanclal statements. 18
Scripture Union (Northern Ireland) Company Limlted by Guarantee Statement of Financial Position 31 March 2025 2025 2024 Note Fixed assets Tangible fixed ass8ts 16 374,174 1,182,470 Current assets Non-current asset held for sale Stocks Debtors Cash Investments Cash at bank and in hand 17 18 19 20 807.500 400 25,796 325.000 521,941 1,880,637 400 12,240 325.000 497,685 835,325 Creditors: amounts falling due within one year Net current assets 22 39,915 49.309 1,640.722 786.016 Total assets less current liabilities 2.014.896 1,968.486 1,968.486 Net assets 2,014,896 Funds of the charity Restricted funds Unrestricted funds 281.238 1.733,658 23 2,014.896 274.335 1,694.151 1,968.486 Total charity funds These financial staternents have been prepar8d in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 18 November 2025. and a signed on behalf of the board by.. R Craig Trustee The notes on pages 21 to 33 form part of Ihese financlal statements. 19
Scripture Union (Northern Ireland) Company Limlted by Guarantee Statement of Cash Flows Year ended 31 March 2025 2025 2024 Noto Cash flows from operating activities Net income 46,410 118.909 Adjustments ft)r.' Depreciation of tanglble flxed assets other interest receivable and similar income Interest payable and similar charges Accrued (income}lexpenses 13,728 (19,803) 2,360 (14.050) 14,140 (15.350) 2,402 33.372 Changes in.. Trade and other debtors Trade and other creditors (13,556) 4.656 19.745 (3,158) (1,203) 149,112 Cash generated from operations Interest paid Interest reiVed (2,360) 19.803 (2,402) 15,350 Net cash from operating activities 37.188 162,060 Cash flows from investing actlvltles Purchas8 of tangible a55ets Net cash used in investing activiti8S {12,932) {12,932) (2,414) (2,414) Cash flows from financing activlties Proceeds from borrowings Net cash used in financing activities (1,094) (1,094) Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 24,256 822,685 158.552 664.133 21 846,941 822,685 The notes on pages 21 to 33 form part of these financlal statements. 20
Scripture Union (Northern Ireland) Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2025 General infomiatlon The charity is a publlc benefit entlty and a private ¢ompany limited by guarantee, reglstered in Northem Ireland and a registered charity in Northern Ireland. The address of the registered office is Beechill Business Park. 96 Beechill Road. Belfast. BT8 7QN. Statement of compliance These financial statements have been prepared In compliance wlth 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 Companies Act 2006. Accountlng pollclès 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 ftjnctional currency of the entity. Golng concern There are no material unc8rtainties about the charws ability to continue. Judgements and key sources of estlmatlon uncertalnty 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 accountlng Unrestricted funds are available for use at the discretion of the trustees to furth8r any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular fvture project or commitment. Restricted funds ar8 subj8Cted to restrictions on their 8XP8nditure declared by th8 donor or through the tems of an appeal, and fall into one of two sub-classes: restricted income fvnds or endovmient funds. 21
Scripture Union (Northern Ireland) Company Limited by Guarantee Notes to the Financial Statements (contlnugdj Year ended 31 March 2025 Accounting policies (contlnuedj Incoming resources All incomlng 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 recogni5ed 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 ServIS 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 servi. 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 ragarded as restricted. Resources expended Expenditure is recognised on an accrLtals 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.. expenditur8 on raising funds includes the costs of all fundraising activit18s, 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 govemance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for th8 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 beeen tha aclivities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost. and subsequ8ntly ststed at cost less any a¢¢umulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the falr value at the date of revaluation less any subsequent accumulated depreciation and subsaquent accumulated impairment losses. 22
Scripture Union (Northern Ireland) Company Limited by Guarantee Notes to the Financial Statements (contlnu•d) Year ended 31 March 2025 Accounting policles (¢ontinued) Tanglble assets (contin0) 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 r8valuation. 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 tha statement of financial activities. Depreciation DepciatIon is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic Ilfe of that asset as follows: Freehold property Fixtures and fittings Equipment 20/0 Straight line 250/0 reducing balance 10 % reducing balance Investments Unlisted equity investments are initially r8cord8d at cost, and subsequ8ntly measured at fair value. If fair valuè cannot be reliably measured. assets are measured at cost less impaimient. Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure. 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. Wher8 the carrying value axceeds the recoverable amount. the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For th8 purposes of impairment testing. when it is not possible to estimate the recovèrable 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 acquirad in a business combination Is. from the acquisition date. allocated to each of the Cashenerating units that are expected to benefit from the synergies of the combination, irrespectiv8 of whether other ass8ts or liabilit18s of the charity are assigned to those units. stocks stocks are measured at the lower of cost and estirnated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. 23
Scripture Union (Northern Ireland) Company Limited by Guarantee Notes to the Flnancial Statements (contlnuedj Year ended 31 March 2025 Accounting policies (contlnuod) 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 a 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 ar8 subs8qU8ntly m8asur8d at amortised cost. Where investments in shares are publicly traded or their fair value Can otherwise be measured reliably, the investment is subsequently meaSUd at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. other financial instruments, including derivatives, are initially recognised at fair value. unless payment for an asset is defeed beyond nomial business tems or financed at a rate of interest that is not a mark8t rate, in which case the ass8t is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrumant. 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 objecttve evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impaimient loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity inslwments 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 ¢redit risk characteristics. Any r8versals of impaimient are re¢ognised immediately. to the extent that the reversal does not result in a carying amount of the financial asset that exceeds vthat the carying amount would have been had the impairment not previously been recognised. Limited by guarantee Scriptur8 Union Northern Ireland is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not excgeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. 24
Scripture Union (Northern Ireland) Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2025 Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2025 Donations Donations Schools Districts Project Intemational Projects 298,413 298.413 336,826 9.237 336.826 9,237 Legacies Legacy 140.808 140,808 448,458 336,826 785,284 Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donations Schools Districts Project International Projects 320,323 320.323 344,307 10.197 344,307 10.197 Legacles Legacy 159.624 159,624 834.451 490,144 344,307 Charftable acllvities Unr8Strict8d Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Camps and Missions Sp8cial Events and Training 303,165 1,746 303.165 1,746 250.131 1.956 250,131 1,956 304,911 304.911 252,087 252,087 Other tradlng activities Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Resource sales 7.608 7,608 8.010 8,010 25
Scripture Union (Northern Ireland) Company Limited by Guarantee Notes to the Financial Statements (eontlnu•dJ Year ended 31 March 2025 Investment income Unrestrtcted Total Funds Unrestri¢ted Total Funds Funds 2025 Funds 2024 Bank interest 19.803 19,803 15,350 15,350 Other income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Rent 51.273 51.273 35.175 35,175 10. Costs of other trading activities Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Resourc8S 15,334 15,334 15,775 15.775 11. Expenditure on charitable activities by activity type Activities undertaken directly Support costs Total funds 2025 Total fund 2024 To promote the word of God Govemance costs 881,032 215,029 11.074 1,096,061 11,074 1,000,171 10.218 881.032 226.103 1,107,135 1,010.389 12. General support Analysis of Support Costs Total 2025 Total 2024 Staff costs Premises Communications and IT General office Human resources Governance costs 50,982 52.514 38.718 52.761 20.054 11.074 50,982 52,514 38,718 52,761 20,054 11,074 51.676 62.154 24.409 58,288 10.613 10,218 226.103 226,103 217.358 26
Scripture Union (Northern Ireland) Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 March 2025 13. Net income Net income is stated after chargingl{crediting)'. 2025 2024 Depreciation of tangible fixed assets Fees payable for the audit of the financial statements 13,728 7,820 14.140 7,816 14. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2025 2024 Wages and salaries Social Security Costs Pension Costs 580,590 44,733 22,984 506,941 40.602 15.689 648,307 563,232 The avèrage head count of employe8s during the year was 28 (2024: 26). No employee received employee benefits of more than £60.000 during the year {2024: Nil). Key Management Personnel Key management personnel indude all persons that have authority and responsibility for planning, directing and controlling the activities of the Charity. The total comp&nsation paid to kay management personnel for services provided to the Charity was £122,249 (2024: £91.268). The key management personnel of the Charty comprise the General Director. Finance Manager & Operations Manager. 15. Trustee remuneration and expenses The charity trustees were not pald and did not rec8ive any other benefits from employment with the Charity in the year (2024: £Nil). No Charity trustee received payment for professional or other services supplies to the Charity (2024- £Nil). 27
Scripture Union (Northern Ireland) Company Limited by Guarantee Notes to the Financial Statements f¢ofttlftdJ Year ended 31 March 2025 16. Tangible fixed assets Freehold property Fixtures and fittings Equipment Land Total Cost At 1 April 2024 Additions Transfers 368,865 9.305 807,500 83,907 120,360 1.378.632 3,627 12.932 (807,500) 584,064 {807,500) At 31 March 2025 376,170 83,907 123,987 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 21,949 7,523 29,472 67.596 1,181 68.777 106,617 5,024 196.162 13,728 209.890 111,641 Carrylng amount At 31 March 2025 346,698 344,916 15.130 12.346 374.174 At 31 March 2024 807,500 16.311 13.743 1,182,470 17. Nonwcurrent asset held for salo Non-current asset held for sale Cost At 1 April 2024 Additions Transfers 807.500 At 31 March 2025 807.500 Impairment At 1 April 2024 and 31 March 2025 Carrying amount At 31 March 2025 807.500 At 31 March 2024 28
Scripture Union (Northern Ireland) Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 March 2025 18. stocks 2025 2024 Finished goods and goods for resale 400 400 19. Debtors 2025 2024 Trade debtors Other debtors 31 25,765 31 12.209 25,796 12.240 20. Cash investments 2025 2024 Short-term deposlts 325,000 325.000 21. Cash and cash equivalents Cash and cash equivalents comprise the following: 2025 2024 Cash at bank and in hand Short-term deposits 521,941 325,000 497.685 325,000 846,941 822,685 22. Creditors: amounts falllng due wlthln one year 2025 2024 Bank loans and overdrafls Trade creditors Accruals and d8ferred incom8 Social security and other taxes 4,845 21 26,172 8,877 1,239 40,222 7,848 39,915 49,309 29
Scripture Union (Northern Ireland) Company Limited by Guarantee Notes to the Financlal Statements (contlnued) Year ended 31 March 2025 23. Anatysis of charitable funds Unrestricted funds At 1 April 2024 At Transfers 31 Mar¢h 202S Income Expenditure General funds Capital Building Fund5 1.543,777 150,374 832,053 (845,346) 62,105 (9.305) 52,800 1,592.589 141,069 1.694.151 832.053 (845,346) 1,733,658 At 1 April 2023 At Transfers 31 March 2024 Incom8 Exp8nditur8 General funds Capital Building Funds 1,441,526 150.374 800,766 (749,344) 50,829 1,543,777 150,374 1,591.900 800.766 (749,344) 50,829 1.694,151 The total designated fund 'Capital Building Funds, is in relation to the major roof repairs and change of all lighting to LED panels for the building, with work to be completed by March 2026. Restricted funds At 1 April 2024 At Transfers 31 March 2025 Income Expenditure Schools Districts - East Belfast Schools Districts - North Coast Schools Districts - Ballymena Schools Districts - North Down Schools Districts - Antriml Lisbum 40.935 33.508 (28.759) (5.280} 40,404 21,295 33,964 (29,390) (5,280) 20.589 32,685 39,780 (30,815) (5.280) 36,370 36,612 30,193 (23,929) (5.280) 37.596 33.846 (21,987) <5,280) 6.579 30
Scripture Union (Northern Ireland) Company Limited by Guarantee Notes to the Financial Statements f¢ontInu) Year ended 31 March 2025 23. Analysis of charitable funds (contlnued) Schools Distrrcts - East Antrim Schools Districts - Fermanagh Camps Support a Child Project Schools Districts Omagh and Castlederg Schools Districts - North West Schools Districts - North Be5fast 26,775 34.963 (28.528) (5.280) 27.930 30,845 37.760 (33.397) (5.280) 29,928 1,665 1,665 5,492 26,484 (24,633) (5,280) 2,063 34,633 32,270 (28,500) {5,280) 33,123 43,398 34,058 (27,185) (277,123) (5,280) 152,800) 44,991 274,335 336,826 281,238 At 1 April 2023 Income Expenditure Transfers 31 March 2024 Schools Districts - East Belfast Schools Districts - North Coast Schools Districts - Ballymena Schools Districts - North Down Schools Districts - Antriml Lisbum Schools Districts - East Antrim Schools Districts - Fermanagh Camps Support a Child Project Schools Districts - Omagh and Castlederg Schools Districts - North West Schools Districts - North Belfast 33,269 34,069 (21,123) (5.280) 40,935 12,682 43,573 (29,680) (5,280) 21,295 31,802 37,121 (30,958) (5,280) 32,685 35.489 34,379 (27.976) (5,280) 36,612 32,063 (28,754) (3,309) 27.122 32.538 (27.605) (5,280) 26.775 28,677 40,227 (32.779) (5,280) 30.845 1.665 1.665 31,872 (21,100) (5,280) 5.492 39,211 30,076 (29,374) (5,280) 34.633 47,760 28,389 (27,471) (276,820) (5,280) (50,829) 43.398 257,677 344,307 274.335 Fund transfers represent amounts contributed from each Schools District Project towards central costs. 31
Scripture Union (Northern Ireland) Company Llmlted by Guarantee Notes to the Financial Statements (¢ontInu) Year ended 31 March 2025 24. Anatysls of net assets between funds Unrestricted Funds R8strict8d Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Net assets 374,174 1.399.399 (39.915) 1.733.658 374.174 1,680.637 (39,915) 2.014.896 281.238 281,238 Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Not assets 1.182.470 560,990 (49.275) 1.694.185 1,182,470 835.325 (49.275) 1.968,520 274.335 274.335 25. Taxation The charities activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts. 26. Analysis of changes in not debt At At 1 Apr 2024 Cash flows 31 Mar 2025 Cash at bank and in hand Debt due within one year Current asset investments 497.685 (1.2391 325.000 24,256 (3.606) 521,941 (4,845) 325,000 842,096 821.446 20.650 27. Contlngencies A contingent liability exists to repay grants and Trust monies received should certain conditlons not be fu5filled by th8 charity. In the opinion of the Trustees, the terms of the Letters of Offers have been. orwill be, complied with and no liability is expected. 28. Related parties There were no related party transactions during the year. 32
Scripture Union (Northern Ireland) Company Limited by Guarantee Notes to the Financial Statements (conllnuedj Year ended 31 March 2025 29. Ethical standards In Common with many other businesses of our size and nature we us8 our auditors to pr8pare and submit returns to the tax authorities and assist with the preparation of the financial statements. 33
Scripture Union (Northern Ireland) Company Limited by Guarantee Management Information Year ended 31 March 2025 The following pages do not form part of the flnanclal statements.
Scripture Union (Northern Ireland) Company Llmited by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2025 2025 2024 Income and endowments Donatlons and legacies Donations Schools DistrS¢ts Project International Projects Legacy 298.413 336,826 9.237 140.808 320,323 344,307 10,197 159.624 834,451 785,284 Charitable activities Camps and Missions Special Events and Training 303.165 1,746 250.131 1,956 304,911 252,087 Other tradlng actlvltles Resource sales 7,608 8.010 Investment Income Bank interest 19,803 15.350 other income Rent 51,273 35,175 Tolal income 1,168,879 1,145,073 35
Scripture Union (Northern Ireland) Company Limited by Guarantee Notes to the Detalled Statement of Flnanclal Activities Year ended 31 March 2025 2025 2024 Costs of other tradlng actlvltles Resources Purchases Wages and salaries 5,502 9.832 6.493 9.282 15,334 15.775 Costs of other trading activities 15,334 15.775 36
Scripture Union (Northern Ireland) Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities (continued) Year ended 31 March 2025 2025 2024 Expanditure on charitable activities To promote the word of God Activities undertaken dlrectly School Costs Schools Districts Costs Camps and Missions Staff Travel and other expenses 134,694 336,202 394.143 15,993 134.653 334.642 305,848 17.888 881,032 793,031 Support costs Wageslsalaries Rent & Water Light & Heat Repairs & Maintenance Insurance Legal and professional fees Telephone Printing, Postage and Stationery Depreciation Subscriptions Cleaning Computer Costs Training General Costs Payments to British Isles Regional Council Advertising Payments to Scripture Union Intemational Ministry development 50.982 2.107 14,944 7,080 24,826 7,289 8,880 26.992 13.728 390 3.557 20,646 2.343 1,681 990 9,192 9,432 9,970 215,029 51,676 3.583 20,939 7.900 25,637 2.775 10,320 24,514 14,140 325 4,095 14.089 695 1.301 1.080 8.815 9,934 5,322 207,140 Governance costs Audit fees Bank Charges 8.714 2,360 7.816 2.402 11,074 10.218 Expenditure on charitable activities 1,107,135 1,010.389 Total expenditure 1.122.469 1.026.164 Net Income 46.410 118,909 37