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