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|Annual<br>Report||3 —23|
|---|---|---|
|Independent<br>Auditor's|Report|24-26|
|Statement of Financial|Activities|27|
|Balance Sheet|||
|Cash Flow Statement||29|
|Notes to the accounts||30-44|





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|||||||Note|2020f|2019<br>f|
|---|---|---|---|---|---|---|---|---|
|Net cash|provided<br>by/(used|in) operating|activities|||20|91,679|(208,334)|
|Cash fiows from investing||activifiesr|||||||
|Proceeds|from sale ofinvestments||||||176,199||
|Interest Received|||||||51,033|22,684|
|Purchase|ofinvestments||||||(384,573)|(933,863)|
|Net cash|provided<br>by (used in) investing|||activities|||(157,341)|(911,179)|
|Change<br>reporting|in cash and cash <br>period|equivalents|in|the|||(65,662)|(1,119,513)|
|Cash and cash equivalents||at the beginning|||ofthe||||
|reporting|period||||||832,217|1,951,730|
|Cash and cash equivalents<br>reporting<br>period||at the end|of|the||20|766,555|832,217|





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|||||2020|2019|
|---|---|---|---|---|---|
|||||E|E|
|Bible|Missionary|Magazine|Sales|16,097|16,636|
|Totals||||16,097|16,636|



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||2020|2019|
|---|---|---|
||f|f|
|Stamp Sales|1,278|1,385|
|Book Sales|344|1,625|
|Totals|1,622|3,010|



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||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|
||||||||E|E|
|Interest|receivable|on|short|term|cash|deposits|27,828|19,759|
|Dividend|Income||||||23,205|2,925|
|Totals|||||||51,033|22,684|





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|||2020|2020|2019|2019|
|---|---|---|---|---|---|
|||Grants|Cost of<br>Activities|Grants|Cost of<br>Activities|
|Unrestricted|Funds||E|||
|General<br>Fund||99,245|151,645|96,518|511,552|
|Legacy Fund||||||
|||99,245|151,645|96,518|511,552|
|Restricted<br>Funds||||||
|Welfare Fund||209,397|130,937|145,699|202,199|
|Disaster Fund||||917||
|Buildings<br>Fund|||132,489||191,032|
|Project Aid Fund|||88,770||102,362|
|BMM Fund|||16,219||17,181|
|Bible Fund|||15,618||6,602|
|||209,397|384,033|146,616|519,376|
|Total Funds||308,642|535,678|243,134|1,030,928|
||||844,320||1,274,062|





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|2020||East Africa|West Africa|East Europe|West Europe|Other|
|---|---|---|---|---|---|---|
|Unrestricted|Funds|||E|E||
|General<br>Fund||122,710|91,700|23,674|(5,118)|17,924|
|Legacy Fund|||||||
|||122,710|91,700|23,674|(5,118)|17,924|
|Restricted<br>Funds|||||||
|Welfare Fund||95,577|62,053|14,403|163,417|4,884|
|Disaster Fund|||||||
|Buildings<br>Fund||97,276|35,213||||
|Project Aid Fund||39,257|30,300|7,721|1,798|9,694|
|BMM Fund||||||16,219|
|Bible Fund||13,392|2,165||61||
|||245,502|129,731|22,124|165,276|30,797|
|||368,212|221,431|45,798|160,158|48,721|
|Total Funds||||||844,320|
|2019||East Africa|West Africa|East Europe|West Europe|Other|
|Unrestricted|Funds|E|||||
|General<br>Fund||221,831|156,705|136,989|66,667|25,878|
|Legacy Fund|||||||
|||221,831|156,705|136,989|66,667|25,878|
|Restricted<br>Funds|||||||
|Welfare Fund||214,844|51,361|43,734|10,827|27,132|
|Disaster Fund||917|||||
|Buildings<br>Fund||110,603|80,429||||
|Project Aid Fund||47,410|26,121|16,968|2,512|9,351|
|BMM Fund||||||17,181|
|Bible Fund||4,715|1,887||||
|||378,489|159,798|60,702|13,339|53,664|
|||600,320|316,503|197,691|80,006|79,542|
|Total Funds||||||1,274,062|





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|uring the year payments<br>made to Trustees|totalled f65,434(2|019:f61,8|40).||
|---|---|---|---|---|
||2020||2019||
|||No.||No.|
|Trustee Payments|||||
|Overseas trips - Trustees own costs|5,768|(4)|18,091|(8)|
|Non-Trustee<br>costs paid via Trustee|59,411|(5)|43,626|P)|
|Travel costs to meetings|||48|(1)|
|Office expenses|255||75|(1)|
||65,434||61,840||



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|||||2020|2019|
|---|---|---|---|---|---|
|||||f|f|
|Stationery,<br>Postages and Other Office Costs|||||401|
|Mission News, including<br>distribution||||||
|Bank Current Account||gr Exc.|WU Charges|1652|30|
|Corporate<br>Insurance||Policy||1,804|5,679|
|Investment<br>advice|&|Management||14,282|7,353|
|Just Giving Fees||||216|216|
|Total General Fund|Support||Costs|17,954|13,679|
|AGM Costs, including||Annual|Report|255|1,387|
|Audit Fee||||5,850|5,670|
|Trustee Expenses|||||723|
|Trustee Indemnity|Insurance||Policy|7,787|2 123|
|Total General Fund|Governance<br>Costs|||13,892|9,903|
|||||31,846|23,582|



## 



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|1.Transfer|s between<br>funds|s between<br>funds||||||
|---|---|---|---|---|---|---|---|
||2020||Unrestricted|Funds||Restricted|Funds|
|Transfers between||Funds were made|General|Legacy|Buildings|BMM Fund|Bible Fund|
|as follows:||||E|E|E||
|Legacy to|General re Deficit for year|||||||
|Legacy to <br>activities|Restricted|Funds to fund||(220,000)|200,000||20,000|
|Totals||||(220,000)|200,000||20,000|
|||||(220,000)|||220,000|



## 

|Legacy to R<br>activities<br>Totals<br>Comparison)|estricted<br>Funds to fund|estricted<br>Funds to fund||(220,000)<br>(220,000)<br>(220,000)|200,000<br>200,000||20,000<br>20,000<br>220,000|
|---|---|---|---|---|---|---|---|
||2019||Unrestricted|Funds||Restricted|Funds|
|Transfers between||Funds were made|General|Legacy|Buildings|BMM Fund|Bible Fund|
|as follows:||||f|f|E||
|Legacy to General re Deficit for year||||||||
|Legacy to Restricted<br>activities||Funds to fund||(100,000)|100,000|||
|Totals||||(100,000)|100,000|||
|||||(100,000)|||100,000|
|2.Fixed Assets —Investments||||||||
|||||Listed||Cash||
|||Cash|Deposits|Investments|||Total|
|Valuation at <br>2019|31December||1,100,000|964,659||61,709|2,126,368|
|Additions|||202,780|182,992||(182,992)|202,780|
|Disposals||||(176,199)||176,199||
|Investment|Charges||(1,622)|||(14,282)|(15,904)|
|Equalisation||||(1,010)||1,010||
|Investment|Income||1,433|||23,205|24,638|
|Gain on Investments||||11,003|||11,003|
|Valuation at <br>2020|31December||1,302,591|981,445||64,&49|2,348,885|



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|3.Deb|tors: due|within one year|||
|---|---|---|---|---|
||||2020|2019|
||||E|f|
|Inland|Revenue|—Gift Aid recoverable|7,811|9,248|
|Other|Debtors|and Prepayments|335,975|65,636|
|Totals|||343,786|74,884|





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|4.Cre|ditors: amounts<br>falling due with|in one year|||
|---|---|---|---|---|
|||2020|2019||
|||f|f||
|Other|Creditors|78,989||57,051|
|Totals||78,989||57,051|



## 

|ther Creditors<br>otals<br>.Constructive|Liability|||2020<br>f<br>78,989<br>78,989|2019<br>f|57,051<br>57,051|
|---|---|---|---|---|---|---|
|2020||East Africa|West Africa|East Europe|West Europe|Other|
|Unrestricted|Funds||||||
|General<br>Fund||94,009|44,253|8,720|10,130||
|Legacy Fund|||||||
|||94,009|44,253|8,720|10,130||
|Restricted<br>Funds|||||||
|Welfare Fund|||||||
|Disaster Fund|||||||
|Buildings<br>Fund|||||||
|Project Aid Fund|||||||
|BMM Fund|||||||
|Bible Fund|||||||
|Total Funds||94,009|44,253|8,720|10,130||
|||||||157,112|
|2019||East Africa|West Africa|East Europe|West Europe|Other|
|Unrestricted|Funds||||f||
|General<br>Fund||94,218|42,030|8,860|31,385||
|Legacy Fund|||||||
|||94,218|42,030|8,860|31,385||
|Restricted<br>Funds|||||||
|Welfare<br>Fund||||||5,956|
|Disaster Fund|||||||
|Buildings<br>Fund|||||||
|Project Aid Fund|||||||
|BMM Fund|||||||
|Bible Fund|||||||
|||||||5,956|
|Total Funds||94,218|42,030|8,860|31,385|5,956|
|||||||182,449|





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|6.Analysis ofNet Assets between<br>Funds|6.Analysis ofNet Assets between<br>Funds|6.Analysis ofNet Assets between<br>Funds||||||
|---|---|---|---|---|---|---|---|
|Fund Balances at31December 2020are|||Unrestricted|||||
|represented<br>by:||||Funds|Restricted|Funds|Total|
|||||f|||f|
|Investments||||2,348,885|||2,348,885|
|Current Assets||||355,543|689,949||1,045,492|
|Current<br>Liabilities||||(22,062)|(56,927)||(78,989)|
|Constructive<br>Uabilities||||(157,112)|||(157,112)|
|Totals||||2,525,254|633,022||3,158,276|
|Fund Balances at31December 2019are<br>represented<br>by:|||Unrestricted<br>Funds||Restricted|Funds|Total|
|||||f|||f|
|Investments||||2,126,368|||2,126,368|
|Current Assets||||158,377|687,015||845,392|
|Current<br>Liabilities||||(36,813)|(20,238)||(57,051)|
|Constructive<br>Liabilities||||(176,493)|(5,956)||(182,449)|
|Totals||||2,071,439|660,821||2,732,260|
|7.Movement<br>on funds for the Year||||||||
|2020|Balance<br>01.01.20||Income|Expenditure|Transfers|Investment<br>Gains|Balance<br>31.12.20|
|Unrestricted<br>Funds|||f|f|||f|
|General<br>Fund|398,040||504,752|(268,454)|||634,338|
|Legacy Fund|1,673,399||440,796|(14282)|(220,000)|11,003|1,890,916|
||2,071,439||945,548|(282,736)|(220,000)|11,003|2,525,254|
|Restricted<br>Funds||||||||
|Welfare Fund|369,362||201,641|(340,334)|||230,669|
|Disaster Fund||||||||
|Buildings<br>Fund|154,475||27,580|(132,489)|200,000||249,566|
|Project Aid Fund|111,595||97,806|(88,770)|||120,631|
|BMM Fund|17,033||16,097|(16,219)|||16,911|
|Bible Fund|8,356||2,507|(15,618)|20,000||15,245|
||660,821||345,631|(593,430)|220,000||633,022|
|Total Funds|2,732,260|1,291,179||(876,166)||11,003|3,158,276|





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|17.(Continued)|Movement|on Funds|for the Year|(Comparison)||||
|---|---|---|---|---|---|---|---|
|2019||Balance<br>01.01.19|Income|Expenditure|Transfers|Investment<br>Gains|Balance<br>31.12.19|
|Unrestricted|Funds||f|E|||f|
|General<br>Fund||623,732|388,130|(624,299)||10,477|398,040|
|Legacy Fund||1,457,543|302,890|(7,353)|(100,000)|20,319|1,673,399|
|||2,081,275|691,020|(631,652)|(100,000)|30,796|2,071,439|
|Restricted<br>Funds||||||||
|Welfare Fund||547,329|169,931|(347,898)|||369,362|
|Disaster Fund||917||(917)||||
|Buildings<br>Fund||218,618|26,889|(191,032)|100,000||154,475|
|Project Aid Fund||107,679|106,278|(102,362)|||111,595|
|BMM Fund||17,578|16,636|(17,181)|||17,033|
|Bible Fund||13.231|1,727|(6,602)|||8,356|
|||905,352|321,461|(665,992)|100,000||660,821|
|Total Funds||2,986,627|1,012,481|(1,297,644)||30,796|2,732,260|



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||2020|2019||
|---|---|---|---|
|||E||
|Net income/(expenditure)<br>for the reporting||||
|period (as per the Statement ofFinancial|426,016|(254,367)||
|Activities)||||
|Adjustments<br>for:||||
|(Increase)/decrease<br>in debtors|(268,902)|67,674||
|Investment<br>income|(51,033)|(22,684)||
|Gains on investments|(11,003)|(30,796)||
|Increase/(decrease)<br>in creditors|(3,399)|31,839||
|Net cash provided<br>by/(used<br>in) operating<br>activities|91,679|(208,334)||
|Analysis ofCash and Cash Equivalents||||
|Cash held in investments|64,849|61,709||
|Cash in hand|701,705|770,508||
|Total Cash and Cash Equivalents|766,554|832,217||
|21.Analysis ofchanges in net debt||||
|The charity had no net debt during the year.||||
|22. Financial instruments||||
|||2020|2019|
|Carrying amount offinancial assets||||
|Instruments<br>measured<br>at fair value through|profit and loss|9&1,445|964,659|





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