| REFERENCE AND ADNIINISTRATIVE | REFERENCE AND ADNIINISTRATIVE | REFERENCE AND ADNIINISTRATIVE | REFERENCE AND ADNIINISTRATIVE | DETAILS OFTHE CHARITY, ITSTRUSTEES | DETAILS OFTHE CHARITY, ITSTRUSTEES | DETAILS OFTHE CHARITY, ITSTRUSTEES | DETAILS OFTHE CHARITY, ITSTRUSTEES | AND ADVISERS |
|---|---|---|---|---|---|---|---|---|
| FOR THE YEAR | ENDED 31 DECEMBER 2022 | |||||||
| Trustees | Amos Fatokun | |||||||
| Paul Lmdsay | ||||||||
| Gsffrey Meyer, | Deputy | Chairperson | ||||||
| Kathryn Myers |
||||||||
| David Ost, Chairperson | 1 March 2023 onwards | (appointed | 1 March 2023) | |||||
| Michael Wildsmith | ||||||||
| Michael Young, | Chairperson to 1 March 2023, |
Company | Secretary | |||||
| Company | registered | |||||||
| number | 02564320 | |||||||
| Charity registered | ||||||||
| number | 1008196 | |||||||
| Registered | office | The Ouints | ||||||
| Weston Rhyn |
||||||||
| Shropshire | ||||||||
| SY107LT | ||||||||
| Chief executive offfcer | Matthew Skirion |
|||||||
| Independent | auditors | WR Partners | ||||||
| Chartered Accountants | ||||||||
| Belmont House | ||||||||
| Shrswsbury Business |
Park | |||||||
| Shrewsbury | ||||||||
| Shropshire | ||||||||
| SY26LG | ||||||||
| Bankers | National Westminster |
Bank PLC | ||||||
| Suite 5 | ||||||||
| Prospect House | ||||||||
| Belle Vue Road | ||||||||
| Shrswsbury | ||||||||
| SY37NR | ||||||||
| Solicitors | Wrigleys | |||||||
| 19,Cookridge Street | ||||||||
| Leeds | ||||||||
| LS2 3AG | ||||||||
| Director of | Strategic | Rob Scoulding | (resigned August 2022), Chris Lawley (appointed | December 2022) | ||||
| Partnershlps | ||||||||
| Director of | People in | Andrew Berry |
||||||
| Mission | ||||||||
| Director of | Operations | Jaco Swart | ||||||
| Director of | Community | Kevin Boyce |
| Total Funds | Lj224 | ||
|---|---|---|---|
| Restricted Funds | ~0 | ||
| Unrestricted Funds |
|||
| Designated | 2,911,371 | ||
| Undesignated | Reserves | 1,469,129 | |
| Free Reserves | |||
| Undesignated | Reserves | 1,469,129 | |
| minus Unrestricted | investments | 467,342 |
| Restricted | Unrestricted | Total | Tots/ | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| Note | 2022 f |
2022 6 |
2022 5 |
2021f | |||
| Income from: | |||||||
| Donations and legacies |
4 | 8,116,953 | 2,912,802 | 11,029,75S | 9,743,928 | ||
| Charitable activities |
5 | 100,766 | 384,922 | 485,688 | 272544 | ||
| Investments | 6 | 17 | 23,730 | 23,747 | 16,581 | ||
| Total income | 8,217,736 | 3,321,454 | 11,539,190 | 10,033,053 | |||
| Expenditure on: | |||||||
| Raising funds | 7 | 414,994 | 414,994 | 349,584 | |||
| Charitable activities |
8 | 8,1S4,404 | 2,683,916 | 10,838,320 | 10,132,342 | ||
| Total expenditure | 8,154,404 | 3,098,910 | 11,263,314 | 10,481,926 | |||
| Net income/(expenditure) | before net | ||||||
| (losses)/gains on |
investments | 63,332 | 222,544 | 285,876 | (448,873) | ||
| Net (losses)/gains | on investments | (7,186) | (7,186) | 393 | |||
| Net income/(expenditure) | 63,332 | 215,358 | 278,690 | (448,480) | |||
| Transfers between | funds | 20 | (167,690) | 167,690 | |||
| Net movement in |
funds | (104,358) | 383,048 | 278,690 | (448,480) | ||
| Reconciliation of |
funds: | ||||||
| Total funds brought | fonvard | 924,422 | 3,897,452 | 4,921,874 | 5,370,354 | ||
| Net movement in funds |
(104,358) | 383,048 | 278,690 | (448,480) | |||
| Total funds carried forward | 820,064 | 4,380,500 | 6,200,664 | 4,921,874 |
| 2021 | ||||
|---|---|---|---|---|
| Note | 5 | |||
| Charily funds | ||||
| Restricted funds | 20 | 820,084 | 924,422 | |
| Unrestricted | funds | 20 | 4880,500 | 3,997,452 |
| Total funds | 5~,564 | 4,921,874 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | 6 | |||||
| Cash flows from operating | activities | |||||
| Net cash used in operating | activities | 22 | 648,355 | 466,649 | ||
| Cash flows from invesfing | activities | |||||
| Dividends. interests and rents from investments |
5,747 | 582 | ||||
| Proceeds from the sale oftangible fixed |
assets | 530 | ||||
| Purchase oftangible fixed assets | (53,868) | (50,674) | ||||
| Net cash used in investing | activities | (48,121) | (49,562) | |||
| Cash flows from financing | acdvities | |||||
| Net cash provided by financing activities |
||||||
| Change in cash and cash |
equivalents | in | the year | 600,234 | 417,087 | |
| Cash and cash equivalents | at the beginning | ofthe year | 1,744,617 | 1,327,530 | ||
| Cash and cash equivalents | at the end | of | the year | 23 | 2,344,851 | f,744,617 |
| The notes on pages 20to40form part ofthese financial statements |
| Restricted | Unrestdcted | Total | Torsi | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2022 | 2022 | 2022 | 2021 | ||||
| 6 | 6 | 6 | 5 | ||||
| Donations | |||||||
| income from Overseas Supporters | 1,326,840 | 476,073 | 1,802,913 | 1.932,062 | |||
| Income from OM | Fields Overseas | 518,049 | 618,049 | 431,680 | |||
| income from UK Supporters | for Fields | ||||||
| Overseas | 4,827,729 | 4,827,729 | 4,775,491 | ||||
| Income for Relief | & Development | work | 1,922,765 | 1,922,766 | 764,260 | ||
| Subtotal detailed | disclosure | 8,077,334 | 994,122 | S,071,456 | 7,903,493 | ||
| Legacies | 39,619 | 526.611 | 566,230 | 503,162 | |||
| Similar incoming | resources | 1,392,069 | 1,392,069 | 1,337,273 | |||
| Subtotal | 39,619 | 1,918,680 | 1,958,29S | 1,840,435 | |||
| 8,116,953 | 2,912,802 | 11,029,765 | 9,743,928 | ||||
| Total 2021 | 7,076,584 | 2,667,344 | 9,743,928 |
| Restricted | Unrestricted | Total | Torsi | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| 6 | 6 | 5 | |||
| Literature | and Other Sales | 5,793 | 2,386 | 8,179 | 3,412 |
| Services | to Ovemsas Partners | 150 | 29,095 | 29,245 | 21,470 |
| Other | 94,823 | 353,441 | 448,264 | 247,662 | |
| 100,766 | 384,922 | 48S,688 | 272,544 | ||
| Torsi 2021 | 53,326 | 219,218 | 272,544 |
| Restricted | Unrestricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2022 | 2022 | 2022 | 2021 | |
| E | E | E | E | |
| Rental Income | 18,000 | 18,000 | 16,000 | |
| Interest Income | 17 | 5,730 | 5,747 | 581 |
| 17 | 23,730 | 23,747 | 16,581 | |
| Tolal 2021 | 103 | 16,478 | 16,581 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 E |
2022 E |
2021f | |
| Ministry | 2,821 | 2,821 | 251 |
| Administration | 18,420 | 18,420 | 5,683 |
| Personnel | 38,628 | ||
| Travel | 33,540 | 33,540 | 11,709 |
| Communication | 44,878 | 44,878 | 58,048 |
| Other | 2,665 | 2,665 | 194 |
| Wages and salaries | 312,670 | 312,670 | 235,071 |
| 414,994 | 414,994 | 349,584 | |
| Total 2021 | 349,584 | 349,584 |
| Restricted | Unrestricted | ||||||
|---|---|---|---|---|---|---|---|
| funds | funds | Total | Total | ||||
| 2022 | 2022 | 2022 | 202'I | ||||
| 6 | 8 | 6 | |||||
| Education and the Advancement | ofthe | ||||||
| Christian Faith |
139,974 | 1,158,791 | 1,298,765 | 1,214,718 | |||
| Support for Overseas | Partners | 1,422,458 | 1,416,141 | 2,838,5$9 | 2627,800 | ||
| Direct Payments | 6,591,972 | 108,984 | 6,700,956 | 6,289,824 | |||
| 8,154,404 | 2,683,916 | 10,838,320 | 10,132,342 | ||||
| Torsi 2021 | 7,457,963 | 2,674,379 | 10,132,342 | ||||
| Analysis ofexpenditure | by activities | ||||||
| Activities | |||||||
| undertaken | Total | Total | |||||
| directly | funds | l'unds | |||||
| 2022 | 2022 | 2021 | |||||
| 5 | 6 | ||||||
| Education and the Advancement | ofthe Christian | Faith | 1,298,765 | 1,298,765 | 1,214,718 | ||
| Support for Overseas | Partners | 2,838,599 | 2,838,59$ | 2627,800 | |||
| Direct Payments | 6,700,956 | 6,700,956 | 6,289,824 | ||||
| 10,838,320 | 10,838,320 | 10,132,342 | |||||
| Total2021 | 10,132342 | 10,132,342 |
| Education | Education | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| and the | ||||||||||||
| Advancem- | ||||||||||||
| ent ofthe Support for |
||||||||||||
| Christian | Ovemeas | Direct | Total | Total | ||||||||
| Faith | Partners | Payments | funds | funds | ||||||||
| 2022 | 2022 | 2022 | 2022 | 2021 | ||||||||
| 5 | 6 | 6 | 5 | |||||||||
| Staff costs | 766,357 | 1,235,527 | 2,001,884 | 1,996,836 | ||||||||
| Ministry | 42,055 | 642,586 | 684,641 | 510,097 | ||||||||
| Administration | 182,723 | 350,390 | 633,113 | |||||||||
| Personnel | 92,780 | 92,780 | 69,613 | |||||||||
| Travel | 50,093 | 108,693 | 158,786 | 66,053 | ||||||||
| Communication | 44,242 | 63,930 | 108,172 | 118,485 | ||||||||
| Grants | 6,700,956 | S,TOO,9SS | 6,289,824 | |||||||||
| Professional | Fees inc Audit | 10,671 | 18,854 | 29,525 | 35,666 | |||||||
| Other | 109,844 | 418,619 | 628,463 | 586,766 | ||||||||
| 1,298,765 | 2,838,599 | 6,700,956 | 10,838,320 | 10,132,342 | ||||||||
| Total 2021 | 1,214,718 | 2627800 | 6289824 | 10,132342 | ||||||||
| Governance | costs are included | within the total |
resources expended |
as | shown | above. | These totaled | |||||
| 648,693 in | 2022 (2021:549,696) | |||||||||||
| Auditors' | remuneration | |||||||||||
| 2022 | 2021 | |||||||||||
| 6 | 5 | |||||||||||
| Fees payable | to the Charity's | auditor | for the audit ofthe Charity's | annual | ||||||||
| accounts | 24,900 | 22,680 | ||||||||||
| Fees payable | to the Charity's | auditor | in respect of: | |||||||||
| All non-audit | services not included | above | 2,400 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| No. | No. | ||||
| Support to | other missions | 48 | 55 | ||
| Education | and the Advancement | ofthe Christian | Faith | 48 | 47 |
| Fundraising | and Governance | 25 | 29 | ||
| 121 | 132 |
| Long4enn | |||||
|---|---|---|---|---|---|
| Freehold | leasehold | Motor | Fixtures and | ||
| property E |
property E |
vehicles E |
Attings f |
Total E |
|
| Cost or valuation | |||||
| At 1 January 2022 | 2,772,500 | 513,556 | 63,115 | 304,224 | 3,643,396 |
| Additions | 32,860 | 21,008 | 63,868 | ||
| Disposals | (3,470) | (27,646) | (31,016) | ||
| At 31 December 2022 | 2,772,600 | 513,S56 | 82,SOS | 297,686 | 3,666,247 |
| Depreciation | |||||
| At 1 January 2022 | 515,850 | 262,851 | 29,799 | 268,992 | 1,077,492 |
| Charge for the year | 61,050 | 16,985 | 13,881 | 30,337 | 122,263 |
| On dispcsais | (3,470) | (26,354) | (29,824) | ||
| At 31 December 2022 | S76,900 | 279,836 | 40,210 | 272,976 | 1,169,921 |
| Net book value | |||||
| At 31 December 2022 | 2,195,600 | 233,720 | 42,296 | 24,711 | 2,496,326 |
| At 31December 2021 | 2,255,550 | 250,705 | 23,316 | 35,232 | 2,565,903 |
| 14. | Investment | property | |
|---|---|---|---|
| Freehold | |||
| investment | |||
| property | |||
| 6 | |||
| Valuation | |||
| At 1January | 2022 | 460,000 | |
| At 31 December 2022 | 450,000 |
| Listed | |||
|---|---|---|---|
| investments | |||
| 6 | |||
| Cost orvaluation | |||
| At 1 January 2022 | 24,528 | ||
| Revaluations | (7,187) | ||
| At 31 December 2022 | 17,342 | ||
| Net book value | |||
| At 31 December 2022 | 17,342 | ||
| At31December 2021 | 24,529 | ||
| 16. | Stocks | ||
| 2022 | 2021 | ||
| 6 | L | ||
| Goods for resale | 18,178 | 21,025 | |
| Page 32 |
| Debtors | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| 6 | ||||
| Due after | more than one year | |||
| Other debtors | 41,173 | 60,679 | ||
| 41,173 | 60,679 | |||
| Due within one year | ||||
| Other debtors | 284,568 | 504,848 | ||
| Prepaymenis | and accrued income | 33,444 | 24,089 | |
| 369,185 | 569,616 | |||
| Included | in debtors are beneficial loans as follows: | |||
| 2022 | 2021 | |||
| 6 | 6 | |||
| Due within | one year | 17,928 | 20,962 | |
| Due after | one | year | 41,173 | 60,679 |
| 58,102 | 81,641 |
| 2022 | 2021 | ||
|---|---|---|---|
| 6 | 6 | ||
| Trade creditors | 56,405 | 51,018 | |
| Other taxation and social security | 40,557 | 35,639 | |
| Other creditors | 128,846 | 56,033 | |
| Accruals and deferred | income | 24,900 | 82679 |
| 250,708 | 225,369 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | 31 | |||||
| January | Transfers | Gains/ | December | |||
| 2022 | Income | Expenditure | inlout | (Losses) | 2022 | |
| 5 | 5 | E | 6 | |||
| Unrestricted | ||||||
| funds | ||||||
| Designated | ||||||
| funds | ||||||
| Asset Fund | 2,351,049 | (61,943) | 2,289,106 | |||
| UKNO | 308,405 | 245,510 | (103,610) | 171,960 | 622,265 | |
| 2,659,454 | 245,510 | (103,610) | 110,017 | 2,911,371 | ||
| Generalfunds | ||||||
| General Funds | 1,337,998 | 3,075,944 | (2,995,300) | 57,673 | (7,186) | 1,469,129 |
| Total | ||||||
| Unrestricted | ||||||
| funds | 3,997,462 | 3,321,454 | (3,098,910) | 167.690 | (7,186) | 4,380,600 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | 31 | ||||||
| January | Transfers | Gains/ | December | ||||
| 2022 5 |
Income f |
Expenditure 5 |
in/out E |
(Losses) 5 |
2022 5 |
||
| Restricted | |||||||
| funds | |||||||
| UK Supporters | |||||||
| for Fields | |||||||
| overseas | 3,912,636 | (3,012,636) | |||||
| Relief of | |||||||
| Sickness | & | ||||||
| Poverty | UK | 133,310 | 1,413,078 | (1,457,732) | 13 | Ba,56a | |
| Special Projects | 282,228 | 1,868,364 | (1,833,784) | (58,125) | 260,683 | ||
| UKNO restricted | |||||||
| -appeals | 92,730 | 377,542 | (404,880) | (8,513) | 66,870 | ||
| UKNO restricted | |||||||
| - short term | |||||||
| missions | 330 | 76,067 | (71,865) | 4,641 | |||
| UKNO restricted | |||||||
| -other | 200,336 | 207,054 | (111,503) | (05,401) | 200,486 | ||
| Relief of | |||||||
| Sickness | & | ||||||
| Poverty | 362,105 | (362,105) | |||||
| Asset Fund | 215,470 | (7,664) | 207,815 | ||||
| 924,422 | 8,217,736 | (8,154,404) | (167,600) | 820,064 | |||
| Total of | funds | 4,921,874 | 11,539,190 | (11853,314) | (7,166) | 5,200,584 |
| Statement off | unds | - prior yea | r | ||||
|---|---|---|---|---|---|---|---|
| Balance at | |||||||
| 8e/ence at | 31 | ||||||
| 1January | Transfers | December | |||||
| 2021 | Income f |
Expenditure | inrout | 2021 | |||
| Unrestricted funds |
|||||||
| Designated funds |
|||||||
| Asset Fund | 2,412753 | (61,704) | 2351,049 | ||||
| UKNO | 335,949 | 11,366 | (117,516) | 78,606 | 308,405 | ||
| 2,748,702 | 11,366 | (117,516) | 16,902 | 2659,454 | |||
| General funds | |||||||
| General Funds | 1,279,361 | 2,891,675 | (2,906,428) | 73,390 | 1,337,998 | ||
| Total Unrestricted | funds | 4,028,063 | 2,903,041 | (3,023,944) | 90,292 | 3,997,452 | |
| Restricted funds | |||||||
| UK Supporters | tor Fields | ||||||
| overseas | 3,588,438 | (3,588,438) | |||||
| Relief ofSickness & Poverty | |||||||
| UK | 60,779 | 764,260 | (691,729) | 133,310 | |||
| WACA | 473,257 | (477,279) | 4,022 | ||||
| Special Projects | 354.722 | 2071.571 | (2,108,725) | (35,340) | 282228 | ||
| UKNO restricted | - appeals | 45,911 | 499,349 | (457,162) | 4,632 | 92730 | |
| UKNO restricted | - short term | ||||||
| missions | 4,042 | 44,193 | (46,342) | (1,554) | 339 | ||
| UKNO restricted | - other | 170,552 | 162202 | (88,308) | (44,110) | 200,336 | |
| Asset Fund | 233,028 | (17,549) | 215,479 | ||||
| 1,342,291 | 7,130,013 | (7,457,983) | (89,899) | 924,422 | |||
| Total offunds | 5,370,354 | 10,033,054 | (10,481,927) | 393 | 4,921,874 | ||
| Page 36 |
| Analysis ofnet assets between funds - cunant year |
|||
|---|---|---|---|
| Restricted | Unrestricted | Total | |
| funds | funds | funds | |
| 2022 2 |
2022 f |
2022 6 |
|
| Tangible fixed assets | 207,815 | 2,288,511 | 2,496,326 |
| Fixed asset investments | 17,342 | 17,342 | |
| Investment property |
450,000 | 450,000 | |
| Debtors due aRer mors than one year | 41,173 | 41,173 | |
| Current assets | 612849 | 2,088,793 | 2,681,042 |
| Creditors due within one year | (250,708) | (250,708) | |
| Creditors due in more than one year | (234,611) | (234,611) | |
| Total | 820,064 | 4,380,500 | 5,200,564 |
| Analysis ofnet assets between funds - prior year | |||
| Restricted | Unrestricted | Total | |
| funds | funds | funds | |
| 2021 | 2021 | 2021 | |
| 8 | 8 | ||
| Tangible fixed assets | 215,479 | 2,350,424 | 2565,903 |
| Fixed asset investments | 24,529 | 24,529 | |
| Investment property |
450,000 | 450,000 | |
| Debtors due alter more than one year | 50,579 | 60,679 | |
| Current assets | 708,943 | 1,585,537 | 2,294,580 |
| Creditors due within one year | (225,359) | (225,369) | |
| Creditors due in more than one year | (248,448) | (248,448) | |
| Total | 924,422 | 3,997,452 | 4,921,874 |