2022-12-31-accounts

Annual Report		4 —22
Independent Auditor's	Report	23-26
Statement of Financial	Activities	27
Balance Sheet		28
Cash Flow Statement		29
Notes to the accounts		30-51

							2022	2021
							f	E
Interest	receivable	on	short	term	cash	deposits	28,067	13,183
Dividend	Income						43,213	31,485
Totals							71,280	44,668

			2022	2021
			E
Investment	Management	Fees	23,972	17,647
Totals			23,972	17,647

2022 Transfers between Funds were made as	2022 Transfers between Funds were made as	2022 Transfers between Funds were made as	Legacy to Generalre Deficit for year	Legacy to Designated Funds to fund activities	Building Fund to Designated Building Fund	Building Fund to Designated Building Fund	Bible Fund to Designated Bible Fund	Totals
follows:
Unrestricted		Funds
General
Legacy				(270,000)				(270,000)
Designated		Building
Fund				250,000				250,000
Designated		Bible Fund		20,000				20,000
Restricted	Funds
Bible Fund
Buildings
BMM Fund
2021as restated Transfers between Funds were made as follows:			Legacy to General re Deficit for year	Legacy to Designated Funds to fund activities	Building Fund to Designated Building Fund		Bible Fund to Designated Bible Fund	Totals
Unrestricted		Funds
General
Legacy				(35,000)				(35,000)
Designated		Building
Fund
Designated		Bible Fund		35,000				35,000
Restricted	Funds
Bible Fund
Buildings
BMM Fund

2022		East	West Africa	South East	North West	BKRU	Other
		Africa
				Europe	Europe
Unrestricted Funds
General Fund		122,025	78,971	12,550	6,910	2,825	10,000
Legacy Fund
Designated Building	Fund	3,630	22,300
Designated Bible Fund
		125,655	101,271	12,550	6,910	2,825	10,000
Restricted Funds
Welfare Fund
Disaster Fund
Buildings Fund
Project Aid Fund
BMM Fund
Total Funds		125,655	101,271	12,550	6,910	2,825	10,000
							259,211
2021 —as restated		East	West Africa	South East	North West	BKRU	Other
		Africa
				Europe	Europe
Unrestricted Funds
General Fund		110,497	50,508	8,690	9,140	2,495	9,420
Legacy Fund
Designated Building	Fund	9,210	69,642
Designated Bible Fund
		119,707	120,150	8,690	9,140	2,495	9,420
Restricted Funds
Welfare Fund
Disaster Fund
Buildings Fund			3,650
Project Aid Fund
BMM Fund
Bible Fund
			3,650
Total Funds as restated		119,707	123,801	8,690	9,140	2,495	9,420
							273,252

17.Analysis ofNet Assets between Funds	17.Analysis ofNet Assets between Funds
Fund Balances at 31December 2022 are		Unrestricted
represented by:		Funds	Restricted	Funds	Total
		E
Investments		3,408,703			3,408,703
Current Assets		268,997	680,735		949,732
Current Liabilities		(22,769)		(2,214)	(24,983)
Constructive Liabilities		(259,211)			(259,211)
Totals		3,395,720	678,521		4,074,242
Fund Balances at 31December 2021as		Unrestricted
restated are represented	by:	Funds	Restricted	Funds	Total
		E
Investments		3,059,667			3,059,667
Current Assets		585,325	424,104		1,009,429
Current Liabilities		(26,292)		(9,068)	(35,360)
Constructive Liabilities		(269,603)		(3,650)	(273,253)
Totals		3,349,097	411,386		3,760,484

				As restated
			2022	2021
				E
Net income/(expenditure)		forthe reporting
period (as per the Statement		ofFinancial	313,758	705,779
Activities)
Adjustments for:
(Increase)/decrease	in debtors		(30,013)	267,487
Investment income			(71,280)	(44,668)
Loss on investments			235,105	(73,903)
Increase/(decrease)	in creditors		(24,420)	(31,060)
Net cash provided activities	by/(used	in) operating	423,150	823,635
Analysis ofCash and Cash		Equivalents
Cash held in investments			147,970	114,805
Cash in hand			843,420	933,130
Total Cash and Cash Equivalents			991,390	1,047,935

22.Financial	instruments
			2022	2021
Carrying amount offinanciai assets
Instruments	measured at fair value through	profit and loss	1,500,733	1,549,862

ges to the b	alance	sh	eet
							As restated
							at 31
					As previously reported	Adjustment	December 2021
					E	E	E
Constructive	Liability			1	(190,750)	(82,503)	(273,253)
Net Assets					3,842,986	(82,503)	3,760,483
Unrestricted	Funds:
General					800,793		800,793
Legacy					2,409,210		2,409,210
Designated	Building		Fund			100,450	100,450
Designated	Bible	Fund				38,645	38,645
					3,210,003	139,095	3,349,098
Restricted Funds:
Welfare					287,058		287,058
Buildings Fund					182,953	(182,953)
Project Aid	Fund				106,518		106,518
Bible Missionary		Fund			17,809		17,809
Bible Fund					38,645	(38,645)
					632,983	(221,598)	411,385
Total Funds					3,842,896	(82,503)	3,760,483

			As restated
SoFA —Restricted Funds	As previously reported	Adjustment	y/e 31 December 2021
Expenditure on:
Charitable activities	772,001	(78,214)	693,787
Cost ofraising funds
Other
Total	772,001	(78,214)	693,787
Gains on investments
Net income/(expenditure)	(35,039)	78,214	43,175
Transfers between funds	35,000	(35,000)
Net Movement in Funds forthe year	(39)	43,214	43,175
Reconciliation offunds: Restricted
Funds brought forward at 1January	633,022	(264,811)	368,211
2021
Restricted Funds carried forward at 31 December 2021	632,983	(221,597)	411,386

				As restated
SoFA-Total Funds		As previously reported	Adjustment	y/e 31 December 2021
Expenditure on:			E
Charitable activities	1,2	1,094,132	(6,499)	1,087,633
Cost of raising funds			17,647	17,647
Other		32,216	(32,216)
Total		1,126,348	(21,068)	1,105,279
Gains on investments		73,903		73,903
Net income/(expenditure)		684,710	21,068	705,778
Transfers between funds
Net Movement in Funds forthe year		684,710	21,068	705,778
Reconciliation offunds: Total Funds brought forward at 1January 2021		3,158,276	(103,572)	3,054,704
Total Funds carried forward at 31 December 2021		3,842,986	(82,504)	3,760,482