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2020-12-31-accounts

CONTENTS
LETTER FROM THE CHAIR.....
REFERENCE AND MANAGEMENT INFORMATION .
TRUSTEES' REPORT - ABOUT THE ORGANISATION.
STRUCTURE, GOVERNANCE
AND		 MANAGEMENT.
STRATEGIC REPORT - FINANCIAL REVIEW. 19
INDEPENDENT
AUDITOR'S REPORT.		 25
STATEMENT OF FINANCIAL ACTIVITIES .29
BALANCE SHEET
STATEMENT OF CASH FLOWS, .
ACCOUNTING
POLICIES		 32
NOTES TO THE FINANCIAL STATEMENTS

Potential Risk Risk Management
Strategy
Criticallncident crisis management
plan is		 in place and is regularly
reviewed.
Failure of critical systems or equipment Key ITequipment
and the telephone
system		 have
same-day
service contracts.
We have a rolling programme for renewing older
critical equipment.
disaster recovery
plan covering loss		 of
premises
and/or
data is in place.
Inadequate
finance		 resources (including reserves) Expenditure
is budgeted
according to		 strategy; Ig E
against operational
budget are reviewed		 monthly
by the Executive Leadership and quarterly by the
Board ofTrustees.
Failure to comply with legislation, including UKVI, Induction
procedures
make		 new staff aware of the
HMRC, Safeguarding, the Charity Commission, Acts requirements.
of Parliament and other laws Leadership
are regularly
briefed on their
responsibilities
and training		 is provided where
needed.
Processes
in place to keep abreast ofongoing
changes
in legislation.
Loss of key staff Consideration
for succession		 planning is part of all
HR processes.

Risk Factors Factors Notes/Mitigation
Numbers ofworkers overseas Personal support
levels are		 not
Supporters disposable income currently
causing concern, and
Reduction in Support Gift Income initiatives
are underway
to grow
this area.
Recruiting
remains
lower so		 new
Sending church finances admin fees are likely to fall.
We continue to be engaged in
Support gift income sending
a small number oflong
term workers
into mission
Reduction
in number of long term
workers overseas		 Appetite
and ability to
Availability
of insurance		 travel overseas. Applications
and
enquiries
remain
lower than
normal. Our personnel
team
continue to receive regular update
Practical restrictions in different briefings from colleagues
countries overseas.
Fund gifts are currently
in line with
Reduction in Fund Gift Income Potential contraction of UK Economy the budget, though
we continue
impacting individual, church and to monitor these carefully.
trust finances
The strategy to grow undesignated
funding
through
appeals
continues. The responsibility for
Potential contraction of UK Economy direct marketing
for fundraising
Reduction in Appea I Gift Income impacting
individual,
trust finances		 church and has been moved from the
generosity
team to the marketing
Media coverage ofappeal topic and engagement
team. This		 has
delivered
a more agile and
targeted
response to appeal
management.
Potential contraction
of UK Economy		 Potential contraction
of UK Economy
impacting
individual
and church
finances
Reduction in Short Term
Opportunities
(STO) Trip bookings
and opportunities		 Appetite
and ability to travel
Availability
of insurance
Limited opportunities
in other		 STO overseas remains
challenging
with the current travel
restrictions.
We continuing
to
countries hope for a very slow recovery in
OM Internationals
travel restrictions		 quarters
3and 4of2021.
Current training
is limited to
online courses. We remain
Reduction
in student
numbers
and/or
training
opportunities		 Appetite
and
Availability
of
UK lockdown		 ability to travel
insurance
restrictions		 hopefully that in-person
residential
training
might be
possible
in late quarter 3 and
quarter 4.
We have been able to connect
Reduction ofopportunities
engage with churches		 to UK lockdown
restrictions
Individual
church's
risk management
strategies		 with churches
digitally,
including
hosting an online roundtable
event to explore the "mission gap"
with churches.

2020 2019
Unrestricted Restricted
Funds Funds Total Total
Note Funds Funds
INCOME
Income from Generated Funds
Donations
and Gifts		 2,844,670 6,649,888 9,494,558 9,480,695
Income from Investments
Rental Income 14,500 14,500 18,000
Interest Income 4,698 2,197 6,895 8,715
Income from Charitable Activities
Literature
and Other		 Sales 522 3,285 3,807 24,498
Services to Overseas Partners 20,060 (2,976) 17,084 36,181
Other 424,102 43,811 467,913 305,990
Total Income 3,308,552 6,696,205 10,004,757 9,874,079
EXPENDITURE
Cost ofGenerating
Funds
Fundraising
Costs		 3&4 394,435 394,435 488,456
Charitable
Activities
Education
and the Advancement		 ofthe
Christian
Faith		 3&4 817,897 119,149 937,046 1,023,516
Support for Overseas Partners 3&4 1,738,032 1,637,883 3,375,915 3,741,146
Direct Payments 3&4 20,323 4,565,736 4,586,059 4,675,830
Sub Total Charitable Activities 2,576,252 6,322,768 8,899,020 9,440,492
Total Expenditure 2,970,687 6,322,768 9,293,455 9,928,948
Net Income/(Expenditure) 337,865 373,437 711,302 (54,869)
Gain on Investments 37,049 37,049 2,728
Transfer offunds 67,923 (67,923)
Net movement
offunds		 442,837 305,514 748,351 (52,141)
Fund Balance brought forward
1january 3,585,226 1,036,777 4,622,003 4,674,144
Fund Balance carried forward
31December 16&17 4,028,063 1,342,291 5,370,354 4,622,003

2020 2019
Note
FIXED ASSETS
Tangible Assets 2,645,781 2,718,729
Investments 10 474,136 437,087
3,119,917 3,155,816
CURRENT ASSETS
Stocks —goods for resale 22,437 8,428
Debtors 1,285,602 1,150,844
Cash at Bank and in Hand 1,327,530 763,100
2,635,569 1,922,372
CREDITORS - amounts falling due within one year (118,813) (191,467)
NET CURRENT ASSETS 2,516,756 1,730,905
TOTAL ASSETS LESS CURRENT LIABILITIES 5,636,673 4,886,721
CREDITORS - amounts falling due after one year 13 (266,319) (264,718)
5,370,354 4,622,003
FUNDS
Unrestricted
Funds		 -Designated 17 &18 2,748,702 2,550,676
Unrestricted
Funds		 —General 17 &18 1,279,361 1,034,550
Restricted
Funds		 17 &18 1,342,291 1,036,777
5,370,354 4,622,003

STATEMENT OF CASH FL
Year ended 31December 2020		 O WS
2020 2019
Note E
NET CASH PROVIDED BY(USED IN) OPERATING ACTIVITIES 19 604,548 (108,859)
CASH FLOWS USED IN INVESTING ACTIVITIES
Interest received 6,895 8,715
Purchase oftangible fixed assets (47,183) (37,436)
Proceeds from sale oftangible fixed assets 170 332
NET CASH PROVIDED BY(USED IN) INVESTING ACTIVITIES (40,118) (28,389)
CASH FLOWS FROM/ (USED IN) FINANCING ACTIVITIES
Loan repayments/advances
NET CASH PROVIDED BY(USED IN) FINANCING ACTIVITIES
CHANGE
IN CASH AND CASH EQUIVALENTS		 IN THE REPORTING PERIOD 20 564,430 (137,248)
Opening
Cash at 1January		 763,100 900,348
Closing Cash at 31December 1,327,530 763,100

- ANALYSIS OF DONATI O NS
AND GIF		 TS
2020 2019
f f
Income from UK Supporters
Legacies 666,108 782,862
Gifts in Kind 600
Other 1,566,506 1,660,758
Income from Overseas Supporters 267,318 137,898
Income from OM Fields Overseas 344,738 421,140
Total Unrestricted
Income		 2,844,670 3,003,258
Restricted Donations
and Gifts
Income
from		 UK Supporters for Fields
Overseas 4,542,397 4,113,141
Income from overseas supporters 1,516,999 1,824,397
Income
for		 Relief
and		 Development
work 590,492 539,899
Total Restricted
Income		 6,649,888 6,477,437
Totallncome 9,494,558 9,480,695
- ANALYSIS OFTOTA L UNREST RICTED EXPENDITU RE
Ministry Administration Personnel Travel Communication Grant Professional
Fees Inc Audit		 Other Total 2019Total
Education and the advancement ofthe Christian Faith:
E824 E109,393 E588,830 20,965 25,629 6,529 65,727 817,897 835,139
Overseas Partners - Support
1,752 232,460 1,251,264 44,551 54,461 13,875 139,669 1,738,032 1,774,671
Direct Payments
20,323 20,323 50,697
Fundraising
117 5,545 338,138 11,154 38,566 915 394,435 488,456
2,693 347,398 2,178,232 76,670 118,656 20,323 20,404 206,311 2,970,687 3,148,963
-ANALYSIS OFTOTAL RESTRICTED EXPENDITURE
Ministry Administration Personnel Travel Communication Grant Professional
Fees Inc Audit		 Other Total 2019Total
f f
Education and the advancement ofthe Christian Faith:
12,696 4,882 33,208 1,560 28,427 130 38,246 119,149 188,377
Overseas Partners - Support
402,593 143,084 532,708 39,048 68,773 5,486 446,191 1,637,883 1,966,475
Direct Payments
4,565,736 4,565,736 4,625,133
Fundraising
415,289 147,966 565,916 40,608 97,200 4,565,736 5,616 484,437 6,322,768 6,779,985

2020 2019
Exchange (gains)/losses 25,610 19,800
Loss on Disposal fixed assets 1,082 21,939
Depreciation
of		 owned fixed tangible assets 114,680 113,310
Other operating leases rent 90,703 89,950

2020 2019
Salaries and Wages 2,160,588 2,205,771
Employer National Insurance contributions 143,469 145,140
Pension contributions 70,730 68,219
2,374,786 2,419,130
2020 2019
Support to other missions 59 58
Education and the Advancement ofthe Christian faith 48 48
Fundraising and Governance 30 36
137 142

- TANGIBLE FIXEDASS ETS
L&8 L&B Fixtures Motor Total
Freehold Leasehold &Fittings Vehicles
f
COST
At 1stJan 2020 2,772,500 513,556 295,679 69,633 3,651,367
Disposals 0 0 (17,791) (14,917) (32,789)
Additions 43,483 3,700 47,183
AT31stDecember 2,772,500 513,556 321,371 58,416 3,665,842
Depreciation
At 1stJan 2020 (393,750) (228,881) (256,035) (53,972) (932,638)
Provision (61,050) (16,985) (34,615) (6,230) (118,880)
Disposals 0 0 17,620 13,837 31,457
AT31stDecember (454,800) (245,866) (273,030) (46,365) (1,020,061)
Net BookValues
AT31stDecember 2020 2,317,700 267,690 48,340 12,051 2,645,781
AT 31st December 2019 2,378,750 284,675 39,643 15,661 2,718,729

2020 2019
Investment Properties 450,000 425,000
Donated shares 24,136 12,087
474,136 437,087

2020 2019
Due within one year
Other Debtors 1,188,706 1,034,887
Prepayments and accrued income 26,589 53,910
1,215,295 1,088,797
Due after one year but within 5years
Other 70,307 62,047
TOTAL DEBTORS 1,285,602 1,150,844
Included
in debtors are beneficial		 loans as follows:
Due within one year 26,181 26,112
Due after one year 70,307 62,047
96,488 88,159

2020 2019
Tax and National Insurance 37,314 39,197
Deferred Income 43,634
Accruals 21,949 21,001
Trade Creditors 17,074 37,812
Other Creditors 42,475 49,823
Total 118,813 191,467

2020 2019
Balance at 1stJanuary 43,364 10,399
Amount released to incoming resources (43,364) (10,399)
Amount deferred
in the year		 43,364
Balance at 31st December 43,364

3 - CREDITORS: AMOUNT S
FALLING DUE AFTER ONE Y		 EAR
2020 2019
Loans 53,100 53,100
Accruals 213,219 211,618
Total 266,319 264,718

2020 2019
f
Financial Assets measured at Amortised cost 1,259,015 1,096,934
Financial Liabilities measured at Amortised cost 112,650 140,735

15 - FINANCIAL COMMITMENTS 15 - FINANCIAL COMMITMENTS 15 - FINANCIAL COMMITMENTS
At 31December 2020 there were total commitments under non-cancellable operating leases as follows:
2020 2019
f f
Payment Due within:
Less than one year 43,159 54,631
Over One year but less than five years 122,115 93,120
Five years and over 293,414 329,400
TOTAL 458,688 477,151

At 1January
2020		 Income Expenditure Utilised/
Transfers		 At 31December
2020
Unrestricted
Designated
Asset Fund 2,475,382 (62,629) 2,412,753
UKNO 75,294 5,807 (24,828) 279,676 335,949
Total Designated 2,550,676 5,807 (24,828) 217,047 2,748,702
General 1,034,550 3,302,745 (2,945,859) (112,075) 1,279,361
TOTAL UNRESTRICTED 3,585,226 3,308,552 (2,970,687) 104,972 4,028,063
Restricted
UK Supporters
for Fields Overseas		 3,249,198 (3,249,198)
Relief ofSickness &Poverty 30,525 590,492 (560,238) 60,779
WACA 319,985 596,791 (462,591) 19,072 473,257
Special Projects 220,850 1,649,380 (1,455,095) (60,413) 354,722
UKNO restricted —appeals 91,276 320,248 (366,163) 550 45,911
UKNO restricted —short term missions 860 22,209 (19,027) 4,042
UKNO restricted —other 129,934 267,887 (210,456) (16,813) 170,552
Asset Fund 243,347 (10,319) 233,028
TOTAL RESTRICTED 1,036,777 6,696,205 (6,322,768) (67,923) 1,342,291
TOTAL FUNDS 4,622,003 10,004,757 (9,293,455) 37,049 5,370,354

Fixed Assets Net Current Long Term Total
Assets Creditors
Unrestricted
Funds
Asset Reserve 2,412,753 2,412,753
Designated
funds		 335,949 335,949
Other 474,136 1,071,544 (266,319) 1,279,361
Total Unrestricted Funds 2,886,889 1,407,493 (266,319) 4,028,063
Restricted
Funds
Asset Reserve 233,028 233,028
Other 1,109,263 1,109,263
Total Restricted Funds 233,028 1,109,263 1,342,291
Total 3,119,917 2,516,756 (266,319) 5,370,354
As at31December 2019
Unrestricted
Funds
Asset Reserve 2,475,382 2,475,382
Designated
funds		 75,294 75,294
Other 437,087 862,181 (264,718) 1,034,550
Total Unrestricted Funds 2,912,469 937,475 (264,718) 3,585,226
Restricted
Funds
Asset Reserve 243,347 243,347
Other 793,430 793,430
Total Restricted Funds 243,347 793,430 1,036,777
Total 3,155,816 1,730,905 (264,718) 4,622,003

2020 2019
f
Net income/ (expenditure) 748,351 (52,141)
(Gain)/Loss on investments (37,049) (2,728)
Interest received (6,895) (8,715)
Depreciation 118,880 113,310
Gift in Kind donated
Loss on sale offixed assets 1,082 21,939
Decrease in stocks (14,009) 9,118
(Increase)/ decrease in debtors (134,760) (101,764)
Decrease in creditors (71,052) (87,878)
Net cash (outflow) 604,548 (108,859)

2020 2019
Increase (decrease) in cash for the year 564,430 (137,248)
Changes in net funds resulting from cashflows 564,430 (137,248)
Opening net funds 763,100 900,348
Closing net funds 1,327,530 763,100

Net Funds as at Cashflow in year Net Funds as at
1/1/20 31/12/20
f f
Cash Deposits 248,520 30,724 279,244
Cash at Bank and in Hand 514,580 533,706 1,048,286
Total Cash and Cash equivalents 763,100 564,430 1,327,530