2020-12-31-accounts

Contents		Page
Report ofthe directors		1-10
Independent auditor's	report	11-14
Statement offinancial	activities	15
Balance sheet		16
Cash flow statement		17
Notes to the financial	statements	18-35

			o~			2020	2019
		Note	+
Income and endowments	from:
Donations and legacies		2	2,725,637	234,631		2,960,268	2,643,441
Charitable activities		3	72,554			72,554	77,961
Investments		4	47987			47987	54365
Total			2 846 178	234 631	-	3 080,809	2775 767
Expenditure on:
Raising funds		5	76,673			76,673	64,631
Charitable activities		6	2,358,407	269,446		2,627,853	3,133,257
Charitable activities- impairment		6					443486
Total			2435,080	269446		2,704,526	3,641,374
Net income/(expenditure) before movements on			411,098	(34,815)		376,283	(865,607)
Net gains on investments		17	26,347	(1,439)	(42,611)	(17,703)	62,736
Net income/(expenditure)		10	437,445	(36,254)	(42,611)	358,580	(802,871)
Other recognised (losses)/gains:
Actuarial (losses)r'gains	on
defined benefit pension scheme		21	(32,000)			(32,000)	(16,000)
Net movement in funds			405 445	36254	42 611	326 580	818871
ReconciTiation offunds:
Total funds brought forward		11	3,962,453	78,128	423,567	4,464,148	5,283,019
Total funds carried forward			4 367898	41 874	380956	4790728	4464 148

	Note	2020	2019
Fixed assets			6
Tangible assets	16	1,110,948	1,169,499
Investments	17	I 216026	I 533729
Current assets		2,326,974	2,703,228
Stocks	18	22,437	22,310
Debtors	19	1,044,883	739,606
Investments - notice deposits &3 months		754,325	946,008
Property		300,000
Cash at bank and in hand		768 850	511161
		2,890,495	2,219,085
Creditors: amounts falling due
within one year	20	117,741	159,165
1%etcurrent assets		2 772 754	2 059 9211
Total assets less current liabihties Defined benegt scheme provision	21	5,099,728 ~309000	4,763,148 ~299000
Total net assets		4 790 728	4 464 148
The funds ofthe charity:
Endowment find	22,26	380,956	423,567
Restricted income funds	23,26	41,874	78,128
Unrestricted funds:
Designated funds	24,26	3,810,357	3,412,679
General fund	25,26	557541	549 774
Total charity funds		4 790 728	4464 148

			2020	2019
		Note	Total funds	Total funds
Cash flows from operating activities:
Net cash provided by operating activities		27	22 455	~363236
Cash flows from investing activities:
Dividends, interest and rents from investments			39,671	42,374
Purchase ofproperty, plant and equipment			(4,437)	(559,136)
Sale ofLeasehold Property
Invest in notice deposit accounts o 3 months Net cash provided by investing activities			200,000 235,234	300,000 ~216762
Change in cash and cash equivalents in the	reporting
period			257,689	(580,058)
Cash and cash equivalents at the beginning	ofthe
reporting period			511,161	1,091,219
Cash and cash equivalents at the end ofthe	reporting
period			768 850	511,161

						2020	2019
Donations						2,234,790	2,263,471
Legacies						690,693	379,970
Furlough	Grant					34,785
Donations	and	legacies	total	per	SOFA	2,960,268	2,643,441

3.Income from charitable activities
		2020	~29
Ministry resource sales		24,928	39,854
Conference income		3,812
Independently funded Partners and mid term	mission support income	13,767	8,821
Associates income		1,420	1,133
Short term mission trip charges		125	2,728
Ancilliary income derived &om St John's House		17,988	17,883
Other income		10,514	7,542
		72,554	77,961
4.Investment income
		2020	2019
Gross income bas been generated as foIlows	&om
Investments listed on arecognised stock exchange		28,013	31,786
Property rental		11,617	10,265
Bank account and short term deposit interest	received	496	1,823
Interest income &omNotice accounts &3 months		7,412	9,237
Loan interest receivable (Visa deposit loan)		449	1,254
		47,987	54,365
5.Anal sis ofex enditure on raisin	funds
		2020	2019
Direct cost ofraising funds		24,877	29,979
Direct cost ofmanaging &maintaining investments		1,905	10,226
Governance cost afiocation (see note 8)		2,453	1,156
Support cost allocation (see note 8)		47,438	23,270
		76,673	64,631

		Overseas	UK based	National	Resources &
		acdvities	activities	Outreach	Conferences	Total 2020	Total 2019
			g				f.
Total activity costs (per note 6)		1,325,281	843,721	420,812	38,039	2,627,853	3,576,740
Resources &conference income					(28,740)	(28,740)	(39,854
Ministry fees &	charges income	(13,767)	(1,545)			(15,312)	(12,383
Other income			(28,502)			(28,502)	(25,429
Net cost funded	from other income	1,311,514	813,674	420,812	9,299	2,555,299	3,499,074

				Support	Governance	Total 2020	2019
							f.
Salaries and related	costs			437,439		437,439	399,655
Other Staffcosts				48,775		48,775	90,753
Premises Costs				15,970		15„970	53,684
Office administration	costs			15,763		15,763	14,858
ITcosts				34,960		34,960	37,161
Audit &related fees					13,414	13,414	13,043
Board and sub committee		expenses			1,402	1,402	9,551
Costs related to amalgamation			with ISSIand ISI
Depreciation &equipment		costs		62,986		62,986	22,212
Impairment costs /Loss on		sale ofWalker Ave
Other organisational	costs			29,052	6,493	35,545	66,436
Aiiocatfon ofsupport	costs to		governance	(11,455)	11,455
Total 2020 costs				633,490	32,764	666,234
Total 2019costs				673,877	33,476		707,353

Details oforganisatio	ns	to wh	ich grants paid are detailed belo	w:
				2020	2019
					r.
Funded aom designated		Legacy tithe fiatd:
Interserve	India			20,000	10,000
G2K				10,000	5,000
				30,000	15,000
10.Net income for	the	ear
				2020	2019
This is stated after	charging		the following:
Depreciation				62,987	22,212
Impairment	charge on St Johns House				443,486
Audit fee				12,760	12,408

Income and endowments fro:
Donations and legacies	2,436,605	206,836		2,643,441
Grants firom ISSIand ISI
Charitable activities	77,961			77,961
Investments	54,365			54,365
Total	2,568,931	206,836		2,775,767
Expenditure on:
Raising funds	64,631			64,631
Charitable activities	2,964,080	169,177	-	3,133,257
Charitable activities - irnpainxent	443,486			443,486
Total	3,472,197	169,177	-	3,641,374
Net income before gains / (losses) on investments	(903,266)	37,659	-	(865,607)
Net(losses)/ gains on investments	33,521	(799)	30,014	62,736
Net income	(869,745)	36,860	30,014	(802,871)
Transfers between funds	(2,000)	2,000
Other recognised gains/(losses):
Actuarial gains on defined benefit pension scheme	(16,000)			(16,000)
Net movement in funds	(887,745)	38,860	30,014	(818,871)
Reconciliation offunds:
Total Rnds brought forward	4,850,198	39,268	393,553	5,283,019
Total funds carried forward	3,962,453	78,128	423,567	4,464,148

12.Anal sis ofStaff costs and remuneration	12.Anal sis ofStaff costs and remuneration	ofke	mana	ement	ersonnel
					2(1221	~219
					f-
Wages and salaries					1,461,025	1,501,956
Social security costs					94,799	96,852
StaffDefined Contribution	Pension Scheme costs				172,880	180,591
Former StaffDefined Benefit Pension Scheme Costs					5,327	6,610
					1,734,031	1,786,009

charitable activities, are as shown in the following t	able:-
	2020	2019
Raising funds	1	1
Overseas activities	47	51
UK based activities	22	23
National outreach	5	7
Resources &conferences	1	1
	76	83

		202Q	2QIQ
Trustees and close relatives		10,520	7,740
Key management	personnel	1,173	849
		~11693	8,589

16.Tan	'ble fixed assets
			Fixtures
		F/Hold	sttings and
		W	eOIRRment	ComOuters	Total
Cost
Cost as	at 1st January 2020	1,240,554	429,390	120,763	1,790,707
Additions in tbe year at cost				4.437	4,437
Disposals in the year
A.t 31st	December 2020	1,240,554	429,390	125,200	1,795,144
Depreciation snd impairments
Accum.	dep. at 1stJanuary 2020	470,554	108,137	42,518	621,209
Charge	in the year	7,700	37,482	17,805	62,987
Impairment loss
At 31st	December 2020	478,254	145,619	60,323	684,196
Net book	value
At 31st	December 2020	762,300	283,771	64,877	1,110,948
Net book	value
At 31st	December 2019	770,000	321,253	78,245	1,169,499

17.Fixed asset investments		~rt		Listed
		pzoOer i	~in	sjrnents
Market value at 1stJanuary 2020		764,500		769,229	1,533,729
Net movement on revaluation at31stDecember 2020		10,944		(28,647)	(17,703)
Transfer to Current Investment		(300,000)			(300,000)
Market value at 31stDecember 2020		475,444		740,582	1,216,026
Historical cost at 31stDecember 2020		350,000		361,530	711,530
All invesunents are held for an investment	return and	are carried at market value as described below.

		2020	2019
Properly - 47Arlington Road, Ealing,		475,444	445,000
Property - 20Ridgegeld Gardens, Christchurch			319,500
M ds G Securities Ltd - The Equities Investment	Fund
for Charities - "Charifund" 13,398units		183,897	222,499
M4G Securities Ltd - Charibond Charities Fixed
Interest, Common Investment Fund 77,133income shares		96,786	95,468
COIF Charity Funds - Property Fund
117,071.22 income units		127,526	134,292
Sarasin Alp CIF Income Fund 148,086.07 units		174,297	167,337
Sazasin Alp CIF Endowment Fund 131,984.23 units		157,589	149,142
		~22	~1
The investments are held for the following funds:
Endowment fund		381,087	423,698
Restricted Funds		27,122	28,561
Unrestricted -Designated funds		475,444	764,500
- General fund		332,373	316,970
		1,216,026	1,533,730

			2020	2019
Amounts	owed by overseas Interserve	councils	34,082	65,760
Income	tax recoverable		7,556	9,104
Accrued	income		551,462	311,819
Prepayments			51,278	38,607
VAT recoverable			185	1,111
Amounts	due &am ISSIand ISI		323,481	309,124
Other debtors			76,839	4,081
			1,044,883	739,606

20.Cred	itors: amounts fall	in due within one ear
			2020	2019
Amounts	owed to Interserve	International	22,584	45,047
Expense	creditors		7,038	17,594
Taxation	and social security	costs	54,597	41,838
Expense	Accruals		32,288	26,493
Other creditors			1,234	28,193
			117,741	159,165

		O7Bat	Gain/ (losses)	C7Bai
		01.01.20		31.12.20
2020	movement	423,567	~142,611	380,956
2019	movement	393,553	30,014	423,567

	Balance							Balance
	01.01.20	Income	~E	~o/6	T	1		31.12.20
Country Team	23,160			(1,167)				21,993
Paitners Respite	5,952	(76)		(272)				5,604
Tralismlsslons	49,016	133,758	(168,497)					14,277
Other Councils		100,949	(100,949)
2020 Total	78,128	234,631	(269,446)	(1,439)			-	41,874

The income funds unrestricted funds:	ofthe c	ompany includ	e the follow	ing designated	funds which	have	been set	aside out of
		Balance						Balance
		01.01.20	Income	~E	~G' I1	T	f	31.12.20
Insurance		16,403						16,403
Legacy &exceptional	gift	614,753		(13,686)	(19,500)	346,578		928,145
Legacy tithe		114,651		(30,000)			69,069	153,720
Strategic Development		232,867						232,867
Fellowship Partner		113,440	4,883	(1,619)			8,265	124,969
Property with life tenant		445,000			30,444			475,444
Capital reserve		1,169,499		(62,986)			4,437	1,110,950
St Johns House		12,195	33,923	(140,119)			95,000	999
Kitab new publication	fund	28,219						28,219
Partner resettlement	fund	74,464		(5,763)			6,971	75,672
Partner support funds		594,338	1,586,321	(1,315,025)		(207,591)		658,043
IFP 86OT Plus		(3,150)	19,456	(4,828)			(6,552)	4,926
2020 Total		3,412,679	1,644,583	(1,574,026)	10,944	316,177		3,810,357
2019Total FFd F		4 305 946	I 716861	~2476 119	4231	~138240		3412679

25.U	nrestric	ted- General	fund
			0/Bal					C/Bal
			01.01.20	Income	Expenses	Gains	Transfers	31.12,20
2020	General	fund	549,774	1,201,596	(861,055)	(16,597)	(316,177	557,541

						Unrestricted funds	Unrestricted funds	Restricted	Endowment	Total
					General	~Desi ted	Total	funds		funds
					6
Tangible fixed assets						1,110,948	1,110,948			1,110,948
Investments					332,373	475,444	807,817	27,122	381,087	1,216,026
Current assets					623,258	2,252,616	2,875,874	14,752	(131)	2,890,495
Current liabiTities					(89,090)	(28,651)	(117,741)			(117,741)
Defined benefit scheme pmvision				(309,000)			(309,000)			(309,000)
					557,541	3,810,357	4,367,898	41,874	380,956	4,790,728
Unrealised	gains on above
investments					30,970	185,441	216,411	2,457	47,238	266,106
Reconciliation ofunrealised			gains/(losses)		on investments
Unrealised	gains/(bases)	at	1st
January 2020					15,567	174,497	190,064	3,896	89,849	283,809
Gain/(loss)	on revaluation/	disposal
ln year					15,403	10,944	26,347	(1,439)	(42,611)	(17,703)
Unrealised	gains at31stDecember
2020					30,970	185,441	216,411	2,457	47,238	266,106

					2002	2019
Net Income /(Expenditure) for		the reporting		period (as per the	358,580	(802,871)
statement offinancial activities)
Adjustments for:
Depreciation charges					62,986	22,112
Impairment charge						443,486
Loss/(Gains) on investments					17,703	(62,736)
Dividends, interest	and rents from		investments		(47,987)	(54,365)
(Increase)/Decrease	in stocks				(127)	4,781
Decrease(Increase)	in debtors				(305,277)	139,043
(Decrease) Increase	increditors				(41,423)	(40,746)
Defined benefit pension scheme		interest adjustment			(22,000)	(12,000)
Net cash provided	by operating		activities		22,455	(363,296)
28.Anal sis ofcash	and cash	uivalents
					2020	2019
Cash in hand					768,850	511,161
Total cash and cash equivalents					768,850	511,161