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|Annual
Report||2-22|
|---|---|---|
|Independent
Auditor's|Report|23 —26|
|Statement of Financial|Activities||
|Balance Sheet||2a|
|Cash plow Statement||29|
|Nates ta the accounts||30-44|
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||||Linrestrlcted|Restrl~|Total All
Funds|Total All
Funds|
|---|---|---|---|---|---|---|
||||Funds|Funds|||
|||Note|||2021|2020|
|Income atsd endowments|from:||E||E|E|
|Donations and legades|||954,522|718,253|1,672,775|1,222,427|
|Charitable
activities||||18,709|18,709|16,097|
|Other trading activities|||||1,003|1,622|
|Investments|||||44.668|51.033|
|Total|||1,000,193|736,962|1„737,155|1,291,179|
|8cpendlture
on.|||||||
|Charitable
activities|||322.131|772,001|1,094,132|844,320|
|Other|||32,216||32,216|31,846|
|'Total|||354,347|772,001|1,126,348|876,166|
|Gains on investments||12|73,903||73,903|11,003|
|Net income/(expenditure)|||719,749|(35,039)|684,710|4?6,016|
|Transfers between
funds|||(35,000)|35,000|||
|Net Movement
In Funds|forthe year||684,749|(39)|684,710|426,016|
|Reconciliation offunds: Total Funds
brought
forward at 1January 2021||16,17|2,525,254|633,022|3,158,276|2,732,260|
|Total Funds carried forward at 31
December 2021||16,17|3,210003|632,983|3,842,986|3,158,276|
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|||||Note|2ff21|2020|
|---|---|---|---|---|---|---|
|Net cash provided
by/(used|in) aperating|ectiv&e||20|823,635|91,679|
|Ceeh flOrre ihvlrr fnvestfnf7|ectfvWee;||||||
|Proceeds frere sale ofinvestments|||||925,474|178,199|
|Interest Received
Purchase ofi~ents|||||44,668
(1,$12,388)|55,033
(384,573)|
|Net cash provided
by (used in) Investing sctfvttles|||||(542,268)|(157,341)|
|Change
In cash end cash
perte d|equivalents|in the|reporting||281,379|(65,662)|
|Cash end cash equivalents|at the beginning||ofthe||||
|reporlng
period|||||7OVR5|832,217|
|Cash and cash equivalents
pefiocl|at the end|ofthe|reporting||1,047,935|766,555|
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|Income from Do|nations|and Leg|acies||||||
|---|---|---|---|---|---|---|---|---|
||||2021||||2020||
||Donations||Donations|||Donations|Donations||
||—Non|Gift|-Gift Aid|Legacies||—Non Gift|-Gift Aid|Legacies|
||Aid|||||Aid|||
|Unrestricted|||||||||
|~Fr|||||||||
|General Fund|315,745||177.185|||363,772|130,819||
|Legacy Fund||||461,592||||398,302|
||315,745||177,185|461,592||363,772|130,819|398,302|
|Restricted|||||||||
|F~n|||||||||
|Welfare Fund|402,449||209,978|54,590||144,390|26,108|31,143|
|Buildings
Fund|35,305|||||27.580|||
|Project Aid Fund|89,146||26(785|||76,756|21,050||
|Bible Fund||||||7|2500||
||526.900||136.763|54.590||248.733|49,658|3L143|
|Total Funds|||313,948|516,182||612MS|180477|429,445|
|||||I.,672,775||||1,222,427|
|Income from Charitable||Activities|||||||
|||||2021|2020||||
|||||f|f||||
|Bible Missionary|Magazine Sales|||18,709|16,097||||
|Totals||||18,709|16,097||||
|Income from Other Trading Activities|||||||||
|||||2021|2020||||
|||||f|E||||
|Stamp Sales||||883|1,278||||
|Book Sales||||120||344|||
|Totals|||||1,622||||
|Income from Investments|||||||||
|||||2021|2020||||
|||||f|f||||
|Interest receivable on short term
deposits|||cash|13,183|27,828||||
|Dividend
income||||31,485|23,205||||
|Totals||||44,668|51,033||||
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|||||2020|2020|
|---|---|---|---|---|---|
|||Grants|Cost Of
Activities|Grants|Cost Of
Activities|
|Unrestricted|Fun ds|E|E|f|f|
|General
Fund||88,297|233,834|99,245|151,645|
|Legacy Fund||||||
|||88,297|233,834|99,245|151,645|
|Restricted Funds||||||
|V(elfare Fund||393,185|117,443|209,397|130,937|
|Disaster Fun d||||||
|Buildings
Fund|||101,918||,132,489|
|Project Aid Fund|||130,044||88,770|
|BMM Fund|||17,811||16,Z19|
|Bible Fund|||11,600||15,618|
|||393,185|378,816|209,397|384,033|
|Total Funds||481,482|612,650|308,642|535,678|
||||1,094,132||844,320|
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||||||South|tI~|||
|---|---|---|---|---|---|---|---|---|
|2021|||East|West|East|West|BKRU|Other|
||||Africa|Africa|Europe|Europe|||
|Unrestricted||Funds|E|E|E|E|E|6|
|General
Fund|||142,006|109,324|13,776|12,009|8,592|36,428|
|Legacy Fund|||||||||
||||142,006|109,324|13,776|12PDS|8,592|36,428|
|Restricted|Funds||||||||
|Welfare Fvnd|||146,538|62,437'|274,345|3,930|1,320|22558|
|Buildings
Fund|||33,741|68,177|||||
|project Aid|Fund||49,168|33,924|23,238||946|25,468|
|BMM Fund||||||||17+11|
|Bible fund|||7,242|4,158|||||
||||232,689|168,696|297,783|5,23ll||65,337|
||||374,695|278.020|311459|17,235||101,765|
|Total Funds||||||||1.094,132|
|||fast|West|East|West|Other|
|---|---|---|---|---|---|---|
|||Ahica|Africa|Europe|Europe||
|Unrestricted|Funds|E|E|E|E|E|
|General
Fund||122,710|91,700|23,674|(5,118)|17,924|
|Legacy Fund|||||||
|||122,710|91,700|23,674|15,118)|17424|
|Restricted funds|||||||
|Welfare Fund||95,577|62363||163,417||
|Buildings
Fund||97,276|35,213||||
|proiect Aid fund||39,257|M, MO|7,721|1,798|9,694|
|BMM Fund||||||16,219|
|Bible Fs nd||13,392|||||
|||245,502|%29,731|22,124|165,276|30,797|
|||368,212|221rU1|45,798|160,158|48,721|
|Totalfunds||||||844.320|
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||2021||2020||
|---|---|---|---|---|
|||NO.|||
|Trustee Paymenta|||||
|Overseas trips - Trustees own costs|8,121|(5)|5,768|(4)|
|Non-TruSI»e
cOStS paid vW TruStee|77,256|(7)|5943.1|(5)|
|Travel costs to ineetings|||||
|Offlc» expenses|337|(Lj||(1)|
||85,714||6srU4||
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||||||2021|2D20|
|---|---|---|---|---|---|---|
||||||f|f|
|stationery,
Postages
Costs||and other office|||227||
|Mission News, including
distrilbution|||||||
|Zoom Charges|||||452||
|Bank Current Account 8 Exc.WU
Charges|||||2,647|1,652|
|Corporate
Insurance||Policy|||62D|1,804|
|Investment
advice|&Management||||17,647|14,282|
|Just Giving Fees|||||216|216|
|Total GeneralFund||Support|Costs||21,809|17,954|
|AGM Costs, induding||Annual|Report|||255|
|Audit Fee|||||5,970|5550|
|Legal &Professional||Costs|||1,800||
|Trustee ExpenS»S|||||||
|Trustee Indemnity|Insurance||Policy||2,637|7,787|
|Total General
Fund||Governance||Cosis|1D,407|13,892|
||||||32,216|31,846|
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|OTES TO THE ACCOUNTS forthe
ear e
1.Transfers between funds|OTES TO THE ACCOUNTS forthe
ear e
1.Transfers between funds|nded 31 Decem|ber 2021||||
|---|---|---|---|---|---|---|
|2021||Unrestricted|Funds||Restricted|Funds|
|Transfers between|Funds were made|General|Legacy|Buildings|BMM Fund|Bible Fund|
|as follows:|||||||
|LegaCV tO General re Degdt Far Veer|||||||
|Legacy to Restricted
activities|Funds to fund||(35~)|||35,000|
|Totals|||(35PQO)|||35,000|
||||f35,000)|||35,000|
|2020||Unrestricted|Funds||Restrrcted|Funds|
|Transfers between|Funds were made|General|Legacy|Buildings|BMM Fund|Bible Fund|
|as follows:|||||||
|Legacy to General re Defldt far yea r|||||||
|Legacy to Restricted
activttles|Funds tofund||(220.000)|200,000||20,000|
|Totals|||(220,000)|200,000|||
||||(220,0M}|||220,&K'|
|,Fhred Assets —Investrsients|||||||
||||Usted||||
||||Investments||Cash|Total|
|Valuation at31Iiecember 2020||1,30~1|981,445||64,849|2,348~|
|Additions||7953%0|718,275||(187,643)|1,325,632|
|EHsposals||II7I32,591)|(ZZ2~)||222,883|(7I32,591)|
|Investment
Charges|||||(17,647)|(17,647)|
|fqualisation||||(877)|877||
|Investment
inCOrne|||||31,485|31,485|
|Gate on Investments||||73,903||73,903|
|Valuation at 81December 2021||1,395/X%|1,549,863||114,804|3c059667|
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|,Cred|itors: amounts
falling due|within one year|||
|---|---|---|---|---|
|||2021|2020||
|||E|E||
|Other|Creditors|35,360||78,989|
|Totals||35,360||78,989|
##
|2021||East
Africa|Wesc
Africa|South
Eas(|North
West|BKRV|Other|
|---|---|---|---|---|---|---|---|
|||||Europe|Europe|||
|Unrestricted|Funds|E|E|E||E|E|
|General
Fund||110,497|50,508|8,690|Br140|2+95|9420|
|Leaptcy Fund||||||||
|||110,497|50,508|8,690||2395|9,420|
|Restricted
Funds||||||||
|Welfare Fund||||||||
|Disaster Fund||||||||
|Buildings Fund||||||||
|Project Aid Fund||||||||
|BMM Fund||||||||
|Bible Fund||||||||
|Total Funds||110,497|50,508|8,690|9,140|2,495|9,420|
||||||||190,750|
|2020||East
Africa|West
Africa|East
Europe|west
Europe|Other||
|Unrestricted|Funds|E|||E|||
|Genera
I Fund||94,009|44,253|8,720|10,130|||
|Legacy Fund||||||||
|||94,009|44,253|8,720|10,130|||
|Restricted
Funds||||||||
|Welfare Fund||||||||
|Disaster Fund||||||||
|Buildings
Fund||||||||
|Project Aid Fund||||||||
|BMh/I Fund||||||||
|Bible Fund||||||||
|TaQI Funds||94,009|44,253|8,720|10,130|||
|||||||157,112||
##
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|Fund Balances at|31December 2021|31December 2021|31December 2021|Unrestricted|Unrestricted|Restricted|||
|---|---|---|---|---|---|---|---|---|
|are represented|by:||||Funds|Funds|Tocal||
||||||f||E||
|investments|||||3,059,667||3,059,667||
|Current Assets|||||367,378|642,051|1,009,429||
|Current
Liabilities|||||(26,292)|(9,068)|(35.360)||
|Constructive
Liabilities|||||(190,750)||(190,750)||
|Totals|||||3,210,003|632,983|3,842,986||
|Fund Balances at|31December 2020|||Unresulcted||Restricted|||
|are represented|by;||||Funds|Funds|||
||||||f||E||
|Investments|||||2,348,885||2,348,885||
|Current Assets|||||355,543|689,949|1,045,492||
|Current
Liabilities|||||(22,062)|(56,927)|(78,989)||
|Constructive
Liabilities|||||(157,112)||(157,112)||
|Totals|||||2,525,254|633,022|3,158,276||
|.Movement
on funds||forthe Year|||||||
|||Balance
01,01.21|Income||Expenditure|Transfers|Investment
Gains|Balance
31,12.21|
|Unrestricted|||||||||
|Funds|||||||||
|General Fund||634,338|503,156||($36,701)|||800,793|
|L~cy Fund||1390,916|497,037||(17,646)|(35,M0)|73,903|2,409,210|
|||2,525,254|1,000,193||(354,347)|(35,000)|73,903|3,210,003|
|Restncted
Funds|||||||||
|yvdfare
Fund||230,669|56'7,017||(510,628)|||287,058|
|Buildings
Fund||249,566||35,305|(101,918)|||182,953|
|Project Aid Fund||120,631|115,931||[130,044)|||106,518|
|BMM Fund||16,911||18,709|(17A11)|||17/09|
|Bible Fund||15,245|||(11,600)|||38,645|
|||633,022|736,962||(772,001)|35,000||632,983|
|Tr)(pl Funds||3,158,276|1,737,155||(1,126,348)||73,903|3,842,986|
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|2020|Balance
01.01.20|income|E~dlture|Tran Sic rt|Investment
Gains|ealance
31.12.20|
|---|---|---|---|---|---|---|
|Unrestricted
Funds|E|E||||6|
|General Fvnd|398,040|504,753|(268,454)|||634(338|
|Legacy Fund|L673,399|440,796|)14,282)|(22Q,QQQ)|11,QQ3|1,890,916|
||2(07L(439|945,548|)282,735)|(22Q,QQQ)|11,003|2,525,254|
|Restricted
Funds|||||||
|Welfare Fund|369,362|201,641|(3(IQ,334)|||230,669|
|BuQdings Fund|154,475|27~|(132,489)|2QQ,ON||249~|
|Project *id Fund|LL1(595|972K6|CSS,770)|||120,631|
|Ba(IM Fvnd|L7,033|16,097|)16,219)|||16,911|
|Bltde Fund|8,356|2,507|)15,628)|20,000||15,245|
||660,821|345,631|(593,430)|22Q,QN||633,022|
|TOtal Fvnds|2,732,260|1,291,179|(876,166)||11,003|3,15$,276|
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|||2021|2020|
|---|---|---|---|
|||E|E|
|Net Income/(espendlture)|forthe|||
|reporting
parted (as per the Statement of||684,710|426,016|
|Rnancfaf Activities)||||
|Adjustments
for:||||
|(Increase)/decrease
in debtors||267,487|(268,902)|
|Investment
Income||(44,668)|(51,033)|
|Gains on investments||(73,903)|(11,003)|
|Increase/(decrease)
in creditors||(9,991]|(3,399)|
|Net cash provided
by/(used
actlvNIes|In) operating|823,635|91,679|
|Aealysls ofCash and Cash|Equfvaleetz|||
|Cash held in investments||114,805|64,849|
|Cash in hand||933,130|701,705|
|Total Cash and Cash Equivalents||1,047,935|766,554|
|The charley|had no net debt during the year.||||
|---|---|---|---|---|
|22.Rnandal|instruments||||
||||2021|2020|
|Carrying amount offinancial assets|||||
|Instruments|measured
at fair value through|profit and loss|1,549,862|981,445|
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