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|CONTENTS||||
|---|---|---|---|
|CONTENTS...||||
|REFERENCE AND MANAGEMENT|INFORMATION.|||
|TRUSTEES' REPORT - ABOUT THE|ORGANISATION|.||
|STRUCTURE, GOVERNANCE
AND|MANAGEMENT|||
|CARING FOR OUR STAFF..|||.....10|
|PLANS FOR FUTURE PERIODS...|||......10|
|STRATEGIC REPORT - FINANCIAL|REVIEW...||.........12|
|STATEMENT OF FINANCIAL ACTIVITIES.|||.21|
|STATEMENT OF CASH FLOWS..|||........23|
|ACCOUNTING
POLICIES.|||......24|
|NOTES TO THE FINANCIAL STATEMENTS..|||......28|
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|Gifts and Donations||||||
|---|---|---|---|---|---|
|||2021|('000)|2020|('000)|
|UK Gifts for UK Work||E|1,841|E|2,233|
|UK Gifts for Overseas Work||E|4,775|E|4,542|
|UK Gifts for Relief and Development|Overseas|E|764|E|590|
|Sub Total||E|7,380|E|7,365|
|Overseas Gifts for UK Work||E|1,932|E|1,784|
|Income from OM fields overseas||f|432|f|345|
|||f|9,744|E|9,494|
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|INCLUDING INCOME AND EXPEN|DITURE|ACCOUNT||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
||||Unrestricted|Restricted||||
||||Funds|Funds||Total|Total|
|||Note|||Funds||Funds|
||||E|E||E|E|
|INCOME||||||||
|Income from Generated Funds||||||||
|Donations and Gifts||2|2,667,345|7,076,584|9,743,929||9,494,558|
|Income from Investments||||||||
|Rental Income|||16,000|||16,000|14,500|
|Interest Income|||478|103||581|6,895|
|Income from Charitable Activities||||||||
|Literature
and Other Sales|||70|3,342||3,412|3,807|
|Services to Overseas Partners|||21,318|152||21,470|17,084|
|Other|||197,830|49,832||247,662|467,913|
|Total Income|||2,903,041|7,130,013|10,033,054||10,004,757|
|EXPENDITURE||||||||
|Cost ofGenerating
Funds||||||||
|Fundraising
Costs||3&4|349,585|||349,585|394,435|
|Charitable
Activities||||||||
|Education and the Advancement|ofthe|3&4|1,077,908|136,810|1,214,718||937,046|
|Christian
Faith||||||||
|Support for Overseas Partners||3&4|1,371,884|1,255,916|2,627,800||3,375,915|
|Direct Payments||3&4|224,587|6,065,237|6,289,824||4,586,059|
|Sub Total Charitable
Activpdes|||2,674,379|7,457,963|10,132,342||8,899,020|
|Total Expenditure|||3,023964|7,457963|10|1927|9293455|
|Net Income/(Expenditure)|||(120,923)|(327,950)|(448,873)||711,302|
|Gain on Investments|||393|||393|37,049|
|Transfer offunds|||89,919|(89,919||||
|Net movement
offunds|||(30,611)|(417,869)|(448,480)||748,351|
|Fund Balance brought forward||||||||
|1January 2021|||4,028,063|1,342,291|5,370,354||4,622,003|
|Fund Balance carried forward||||||||
|31December 2021||17|3,997,452|924,422|4,921,874||5,370,354|
|||||2021|||2020|
||||||||PAGE21|
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|Year ended 31December 2021|||2021|2020|
|---|---|---|---|---|
|||Note|E|6|
|NET CASH PROVIDED BY(USED IN) OPERATING||18|466,649|604,548|
|ACTIVITIES|||||
|CASH FLOWS USED IN INVESTING ACTIVITIES|||||
|Interest received|||582|6,895|
|Purchase oftangible fixed assets|||(50,674)|(47,183)|
|Proceeds from sale oftangible fixed assets|||530|170|
|proceeds from Sale of Investment
property|||||
|NET CASH PROVIDED BY(USED IN) INVESTING|ACTIVITIES||(49,562)|(40,118)|
|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
REPORTING PERIOD|THE|19|417,087|564,430|
|Opening Cash at1January|||1,327,530|763,100|
|Closing Cash at31December|||1,744,617|1,327,530|
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|||||2021|2020|
|---|---|---|---|---|---|
|Unrestricted|Donations and||Gifts|||
|Income from|UKSupporters|||||
|Legacies||||503,162|666,108|
|Gifts in Kind||||||
|Other||||1,337,274|1,566,506|
|Income from|Overseas|||||
|Supporters||||395,229|267,318|
|Income from|OM Fields Overseas|||431,680|344,738|
|Total|Unrestricted|Income||2,667,345|2p844,670|
|Restricted Donations and Gifts||||||
|Income from UKSupporters
Fields Overseas|||for|4,775,492|4,542,397|
|Income from|overseas|||||
|supporters||||1,536,832|1,516,999|
|Income for Relief and||||||
|Development|work|||764,260|590,492|
|Total Restricted Income||||7,076,584|6,649,888|
|Total Income||||9,743,929|9,494,558|
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||||2021|2020|
|---|---|---|---|---|
|Exchange (gains)/losses|||21,805|25,610|
|Loss on Disposal|fixed assets||6,050|1,082|
|Depreciation
of|owned fixed|tangible assets|123,971|114,680|
|Other operating|leases rent||79,260|90,703|
|TAFFCOSTSAND|DIRECTORS'|REMUNERATION|||
||||2021|2020|
||||E|E|
|Salaries and Wages|||2,018,565|2,160,588|
|Employer
National
Insurance||contributions|138,521|143,469|
|Pension contributions|||74,821|70,730|
||||2,231,907|2,374,87|
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|||||2021|2020|
|---|---|---|---|---|---|
|Support to||other missions||56|59|
|Education||and the Advancement|ofthe|||
|Christian|faith|||47|48|
|Fundraising||and Governance||29|30|
|||||132|137|
|9|- TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|---|
|||LBB|L Ba8|Fixtures|Motor|Total|
|||Freehold|Leasehold|BFittin|Vehicles||
||COST||||||
||At 1stJan 2021|2,772,500|513,556|316,370|63,416|3,665,841|
||Disposals|0|0|(39,125)|(33,996)|(73,121)|
||Additions|0|0|26979|23695|50674|
||AT31December|2,772,500|513,556|304,224|53,115|3,643,394|
||Depreciation||||||
||At 1stJan 2021|(454,800)|(245,866)|(268,031)|(51,365)|(1,020,061)|
||Provision|(61,050)|(16,985)|(37,457)|(8,479)|(123,971)|
||Disposals|0|0|36,496|30,045|66,541|
||At 31December|(515,850)|(262,851)|(268,992)|(29,799)|(1,077,491)|
||Net BookValues||||||
||AT31DEC2021|2,256,650|250,705|35,232|23,316|2,565,903|
||AT31DEC2020|2,317,700|267,690|48,340|12,051|2,645,781|
##
|||2021|2020|
|---|---|---|---|
|||E|E|
|Investment|Properties|450,000|450,000|
|Donated shares||24,529|24,136|
|||474,529|474,136|
##
|EBTORS||||
|---|---|---|---|
|||2021|2020|
|||6|6|
|Due within one year||||
|Other Debtors||504,848|1,188,706|
|Prepayments|and accrued income|24,089|26,589|
|||528,937|tp215,295|
|Due after one|year but within 5|||
|years||||
|Other||60,679|70,307|
|TOTAL DEBTORS||589,616|1,285,602|
|Included
in debtors are beneficial||||
|loans as follows:||||
|Due within one year||20,962|26,181|
|Due after one|year|60 679|70,307|
|||$1,641|96,488|
##
||||||2021|2020|
|---|---|---|---|---|---|---|
||||||6|6|
|Tax and|National||Insurance||35,638|37,314|
|Accruals|||||82,679|21,949|
|Trade Creditors|||||51,018|17,074|
|Other Creditors|||||56,033|42,476|
|Total|||||225,368|118,813|
|The movement||in|Deferred Income was:||||
|||||2021||2020|
|||||6||6|
|Balance|at 1st|January||||43,364|
|Amount|released||to incoming||||
||resources|||||(43,364)|
|Amount|deferred||in the year||||
|Balance|at 31stDecember||||||
##
|REDITORS: AMOUNTS|FALLING DUE AFT|ER O|NE YEAR||
|---|---|---|---|---|
||||2021|2020|
||||E|E|
|Loans|||53,100|53,100|
|Accruals|||195,34|213,219|
||Tote|I|248,44|266,319|
##
|||2021|2020|
|---|---|---|---|
|Payment|Due within:|||
|Less than|one year|43,159|43,159|
|Over One|year but less than five years|106,274|122,115|
|Five years|and over|272,456|293,414|
|TOTAL||421,889|458,688|
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||At 1January|Income|Expenditure|Utilised/|At $1December|
|---|---|---|---|---|---|
||2021|||Transfers|2021|
|||f|E|E|E|
|Unrestricted||||||
|Designated||||||
|Asset Fund|2/12,75$|||(61,704)|2,$51,049|
|UKNO|3$5,949|11,366|(117,516)|78,606|308,405|
|Total Designated|2,748,702|11,$66|-117,516|16,902|2,659,454|
|General|1,279,$61|2,891,675|(2,906,428)|73,390|1,3$7,998|
|TOTAL UNRESTRICTED|4,028,0632,90$,041||(3,023,544)|90,292|$,997g52|
|Restricted||||||
|UK Supporters for Fields||3,588,438|(3,588438)|||
|Overseas||||||
|Relief ofSickness &|60,779|764,260|(691,729)||133,310|
|Poverty||||||
|WACA|473,257||(477,279)|4,022||
|Special Projects|354,722|2,071,571|(2,108,725)|(35,340)|282,228|
|UKNO restricted-|45,911|499,349|(457,162)|4,632|92,730|
|appeals||||||
|UKNO restricted - short|4,042|44,193|(46,342)|(1,554)|339|
|term missions||||||
|UKNO restricted - other|170,552|162,202|(88,308)|(44,110)|200,336|
|Asset Fund|2$$,028|||(17,549)|215,479|
|TOTAL RESTRICTED|1,342,291|7,130,01$|(7,457,983)|(89,899)|924822|
|TOTAL FUNDS|5,$70,$54|10,0$3,054|(10,481,927)|393|4,921,874|
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||||Fixed Assets|Net Current|long Term|Total|
|---|---|---|---|---|---|---|
|||||Assets|Creditors||
||||E|E|g||
|Unrestricted
Funds|||||||
|Asset Reserve|||2,351,049|||2,351,049|
|Designated
funds||||308,405||308,405|
|Other|||473,904|1,112,542|(248,448)|1,337,998|
|Total Unrestricted||Funds|2,824,953|1,420,947|(248,448)|3,997,452|
|Restricted Funds|||||||
|Asset Reserve|||215,479|||215,479|
|Other||||708,943||708,943|
|Total restricted|Funds||215,479|708,943||924,422|
|Total|||3,040,432|2,129,890|(248,448)|4,921,874|
|Asot31December||2020|||||
||||Fixed Assets|Net Current|Long Term|Total|
|---|---|---|---|---|---|---|
|||||Assets|Creditors||
||||||E||
|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|
##
|ECONCIUATION
OF NET EXPEND|ITURE TO NET CASH|FLOW FROM OP|ERATING AC|
|---|---|---|---|
|||2021|2020|
|Net income/ (expenditure)||(448,480)|748,351|
|(Gain)/Loss on Investments||(393)|(37,049)|
|Interest received||(581)|(6,895)|
|Depreciation||123,971|118,880|
|Loss on sale offixed assets||6,050|1,082|
|Decrease in stocks||1,411|(14,009)|
|(Increase)/ decrease in debtors||695,986|(134,760)|
|increase/
(Decrease) in creditors||88,685|(71,052)|
|Net cash (outflow)||466,649|604,548|
|ECONCIUATION
OF NET CASHFLOW TO MOVEMENT||IN NET FUNDS||
|||2021|2020|
|||6|f|
|Increase (decrease) in cash for|the year|417,087|564,430|
|Changes
in net funds resulting|from cashfiowa|417&087|564,430|
|Opening net funds||1,327,530|763,100|
|Closing net funds||1,744,617|1,327,530|
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|INCLUDING INCOME||AN||EXPENDI|TURE ACCO|UNT||||
|---|---|---|---|---|---|---|---|---|---|
||||||||||2020|
||||||||Unrestricted|Restricted||
||||||||Funds|Funds|Total|
|||||||Note|||Funds|
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|INCOME||||||||||
|Income from Generated||||Funds||||||
|Donations
and|Gifts||||||2,844,670|6,649,888|9,494,558|
|Income from Investments||||||||||
|Rental Income|||||||14,500||14,500|
|Interest Income|||||||4,698|2,197|6,895|
|Income from Charitable|||Activities|||||||
|Literature
and|Other|||Sales|||522|3,285|3,807|
|Services to Overseas||||Partners|||20,060|(2.976)|17,084|
|Other|||||||424,102|43811|467,913|
|Total Income|||||||3308552|6696205|10004 75|
|EXPENDITURE||||||||||
|Cost ofGenerating|Funds|||||||||
|Fundraising
Costs||||||3&4|394,435||394,435|
|Charitable
Activities||||||3&4||||
|Education and the||Advancement|||ofthe|3&4|817,897|119,149|937,046|
|Christian
Faith||||||||||
|Support for Overseas Partners||||||3 &4|1,738,032|1,637,883|3,375,915|
|Direct Payments||||||3 &4|20,323|4,565,736|4,586,059|
|Sub Total Charitable||Activities|||||2,576,252|6,322,768|8,899,020|
|Total Expenditure|||||||2,970,687|6,322,768|9,293,455|
|Net Income/(Expenditure)|||||||337,865|373,437|711,302|
|Gain on Investments|||||||37,049||37,049|
|Transfer offunds|||||||67,923|(67,923)||
|Net movement
offunds|||||||442,837|305,514|748,351|
|Fund Balance brought forward||||||||||
|||1ianuary 2020|||||3,585,226|1,036,777|4,622,003|
|Fund Balance carried||forward||||||||
|||31December|||2020|16&17|4,028,063|1,342,291|5,370,354|