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2020-12-31-accounts

				Page
Reference and Administrative		Details ofthe Company,	its Trustees and Advisers
Trustees' Report				2-8
Independent Auditor's	Report	on the Financial Statements		9-12
Statement of Financial	Activities			13
Balance Sheet				14 - 15
Statement ofCash Flows				16
Notes to the Financial	Statements			17-28

REFERENCE AND	REFERENCE AND	ADMINISTRATIVE	DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS	DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS
		FOR THE	YEAR	ENDED 31 DECEMBER 2020
Trustees		Dr Morris Cerullo, President (deceased 10July 2020)
		Theresa Cerullo, President (from 10July 2020)
		Lynn Hodge, Chair
		Rev. Greg Mauro, Deputy Chair
		Andre Taylor
		Peter Tod
		Julian Richards
		Verona Powell
		Andreas Yiangou
Company	registered
number		02175712
Charity registered
number		1001361
Registered	office	The Lodge Houghton		Hall
		The Green
		Houghton Regis
		LU5 5DY
Company	secretary	Theresa Cerullo
Executive	team	Julian Richards	(European Director)
		Oliver Palmer (UK Office Manager)
		Christine Mckinney (Partner Services Manager)
Bankers		HSBC PLC
		2 The Marlowes
		Hemel Hempstead
		HP1 1DX
Solicitors		Russell Cooke
		2 Putney Hill
		London
		SW156AB

				Unrestricted	Total	Total
				funds	funds	funds
				2020	2020	2019
			Note	6	6
Income from:
Donations and	legacies			858,189	858,189	1,255,248
Charitable activities						590
Investments						16,371
Total income				858,189	858,189	1,272,209
Expenditure on:
Raising funds				1,079	1,079	goa
Charitable activities			6	814001	814001	1400343
Total expenditure				815,080	815,080	1,401,251
Net movement	in funds			43,109	43,109	(129,042)
Reconciliation	offunds:
Total funds brought		forward		130,197	130,197	259,239
Net movement	in funds			43,109	43,109	(f29,042)
Total funds carried forward				173,306	173,306	')30,197

				2020		2019
		Note		F		5
Fixed assets
Tangible assets		10		7,367		10,550
Current assets
Debtors			26,518		56,467
Cash at bank and	in hand		147,768		74,149
			174,286		130,616
Creditors: amounts	falling due within one
year		12	(8,347)		(10,959)
Net current assets				165,939		119,647
Total assets less	current liabilities			173,306		130,197
Total net assets				173,306		130,197
Charity funds
Restricted funds		13
Unrestricted funds		13		173,306		130,197
Total funds				173,306		130,197

					2020	20'I9
					8	5
Cash flows from operating		activities
Net cash used in operating	activities				74,392	(538,740)
Cash flows from investing		activities
Proceeds from the sale oftangible fixed			assets			539,633
Purchase oftangible fixed assets					(773)	(3,753)
Net cash (used in)/provided		by investing		activities	(773)	535,880
Cash flows from financing		activities
Net cash provided by financing activities
Change in cash and cash		equivalents	in	the year	73,619	(2,860)
Cash and cash equivalents		at the beginning		ofthe year	74,149	77,009
Cash and cash equivalents		at the end	of	the year	147,768	74,149

				Unrestricted	Total	Total
				funds	funds	funds
				2020 8	2020 8	2019f
	Donations			858,189	858,189	1,123,047
	Legacies					83,286
	Grants					48,915
				858,189	858,189	1,255,248
4.	Income from charitable		activities
					Total	Total
					funds	funds
					2020f	2019f
	Income from	charitable	activities			590
5.	Investment	income
					Total	Total
					funds	funds
					2020	2019
	Rental income					16,361
	Interest					10
						16,371

Unrestricted	Total	Total
funds	funds	funds
2020 6	2020f	2019f
814,001	814,001	1,400,343

Activities
undekaken	Support	Total
directly	costs	funds
2020	2020	2020
	8	6
663,883	150,118	814,001

Activities
undertaken	Support	Total
directly	costs	funds
2019	2019	2019
		6
1,667,503	(267,160)	1,400,343

		Charitable	Total	Total
		activities	funds	funds
		2020	2020	2019
		6	6
Staff costs		95,107	95,107	93,730
Printing, postage	& publications	17,670	17,670	28,815
Telephone		5,322	5,322	7,292
Conferences		14,732	14,732	30,990
Donations		1,098	1,098	3,867
Missions		521,864	521,864	1,488,732
Accommodation	and travel	7,252	7,252	9,946
Other expenditure		838	838	4,131
		663,883	663,883	1,667,503

		Charitable	Total	Total
		activities	funds	funds
		2020 6	2020 6	2019f
Staff costs		21,579	21,579	23,552
Depreciation		3,956	3,956	8,447
Professional	and bank	8,679	8,679	8,162
Other expenditure		34,795	34,795	21,521
Premises		6,005	6,005	22,057
General office &finance		16,892	16,892	14,364
Communications		5,139	5,139	3,592
Profit/loss on	disposal offixed assets			(427,455)
Auditors remuneration		5,000	5,000	10,525
Governance	costs	48,073	48,073	48,075
		150,118	150,118	(267,160)

Staff costs
				2020 8	2019f
Wages and	salaries			148,198	151,429
Social security costs				13,218	10,370
Contribution	to defined	contribution	pension schemes	3,343	3,558
				164,759	155,357

2020	2019
No.	No.

				Office
				equipment
				F
	Cost or valuation
	At 1 January 2020			157,421
	Additions			773
	At 31 December 2020			158,194
	Depreciation
	At 1 January 2020			146,871
	Charge for the year			3,956
	At 31 December 2020			150,827
	Net book value
	At 31 December 2020			7,367
	At 31December 2019			10,550
11.	Debtors
			2020 6	2019f
	Due within one year
	Other debtors		6,165	5,940
	Prepayments and accrued income		6,939	6,149
	Tax recoverable		13,414	44,378
			26,518	56,467
12.	Creditors: Amounts	falling due within one year
			2020f	2019f
	Accruals and deferred	income	8,347	10,959

						Balance at
		Balance at				31
		1January				December
		2019	Income	Expenditure		2019
					6
General	funds	259,239	1,272,209	(1,401,251)		130,197

Analysis Analysis	ofnet assets between funds ofnet assets between funds - current period
		Unrestricted	Total
		funds	funds
		2020f	2020 8
Tangible	fixed assets	7,367	7,367
Current assets		174,286	174,286
Creditors	due within one year	(8,347)	(8,347)
Total		173,306	173,306
Analysis	of net assets between funds - prior period
		Unrestricted	Total
		funds	funds
		2019 6	2019f
Tangible	fixed assets	10,550	10,550
Current	assets	130,616	130,616
Creditors	due within one year	(10,969)	(10,969)
Total		130,197	130,197

16.	Reconcili	atio	n of n	et	m	ove	ment	in funds	to net	cash flow	from operating	activities
												2020f	2019
	Net income/expenditure					for	the	period	(as per	Statement	of Financial
	Activities)											43,109	(129,042)
	Adjustments		for:
	Depreciation		charges									3,956	8,447
	Loss/(profit)		on the sale offixed assets										(427,455)
	Decrease	in	debtors									29,949	88,805
	Decrease	in	creditors									(2,622)	(79,495)
	Net cash	provided		by/(used			in)	operating	activities			74,392	(538,740)
17.	Analysis	of	cash and		cash		equivalents
												2020f	2019f
	Cash in hand											147,768	74,149
	Total cash and cash				equivalents							147,768	74,149
18.	Analysis	of	changes		in	net	debt
												Changesin
												market
												value and
										At 1		exchange	At 31
										January		rate	December
										2020 f	Cash flows f	movements f	2020f
	Cash at bank and in			hand						74,149	72,452	1,167	147,768
										74,149	72,452	1,167	147,768

non-cancell	able	operating leases as follows:
			2020	2019
			K
Not later than		1 year	17,154	17,154
Later than	1 year and not later than 5years		43,321	60,476
			60,475	77,630