## |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| ## ## ## ##