2020-12-31-accounts - Pioneers UK Ministries

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	f	or the Year End	ed 31Decemb	er 2020
						2020	2019
		Unrestricted	Restricted	Endowment		Total	Total
		funds	funds	funds		funds	funds
	Notes	5	5	5		5	5
INCOME AND ENDOWMENTS
FROM
Donations and legacies	3	1,134,064	40,173			1,174,237	1,224,841
Other trading activities Investment income Other income	4 5	112,644 12,973 1,060				112,644 12,973 1,060	111,466 12,452 1,278
Total		1,260,741	40,173			1,300,914	1,350,037
EXPENDITURE ON
Raising funds		49,386				49,386	50,517
Charitable activities
UK Ministries Overseas Ministries Support ofprojects Infrastructure		409,427 448,764 10,227 401,610	47,210			409,427 448,764 57,437 401,610	340,063 518,757 71,322 415,801
Total		1,319,414	47,210			1,366,624	1,396,460
Net gains/(losses) on investments		13,401		~5,575)		7,826	107,489
NET INCONIEI(EXPENDITURE)		(45,272)	(7,037)	(5,575)	.	(57,884)	61,066
Transfers between funds	19 ~2,557)		2,557
Net movement in funds		(47,829)	(4,480)	(5,575)		(57,884)	61,066
RECONCILIATION OF FUNDS
Total funds brought forward		1,542,563	92,106	63,946		1,698,615	1,637,549
TOTAL FUNDS CARRIED
FORWARD		1,494,734	87,626	58,371	1,640,731		1,698,615

		~BI	v
		31 December 2020
					2020	2019
		Unrestricted	Restricted	Endowment	Total	Total
		funds	funds	funds	funds	funds
	Notes	5	5	5		5
FIXEDASSETS
Tangible assets	14	3,835			3,835	1,295
Investments
Investments Investment property	15 16	847,154 179,100		58,371	905,525 179,100	901,871 179,100
		1,030,089		58,371	1,088,460	1,082,266
CURRENT ASSETS
Debtors Cash at bank and in hand	17	26,866 466,801	~87 626		26,866 ~554427	70,283 ~575921
		493,667	87,626		581,293	646,204
CREDITORS
Amounts falling due within one year	18	(29,022)			(29,022)	(29,855)
NET CURRENT ASSETS		464,645	87,626		552,271	616,349
TOTAL ASSETS LESS
CURRENT LIABILITIES		1,494,734	87,626	58,371	1,640,731	1,698,615
NET ASSETS		1,494,734	87,626	58,371	1,640,731	1,698,615
FUNDS	19
Unrestricted funds					1,494,734	1,542,563
Restricted funds					87,626	92,106
Endowment funds					58,371	63,946
TOTALFUNDS					~1,640731	~1698,615

				2020	2019
			Notes	5	5
Cash flows from operating	activities
Cash generated from operations				~23,325)	~96,389)
Net cash used in operating	activities			~23325)	~96,389)
Cash flows from investing	activities
Purchase oftangible fixed assets Sale oftangible fixsd assets				(4,157)	1
Sale offixed asset investments Interest received				4,171 1,817	4,123 1,888
Net cash provided by investing activities				1,831	6,012
Change in cash and cash equivalents		in
the reporting period Cash and cash equivalents	at the			(21,494)	(90,377)
beginning ofthe reporting	period			575,921	666,298
Cash and cash equivalents	at the end	of
the reporting period				554,427	575,921

RECONCILIATION OF NET (EXPENDITURE	)/INCOME TO NET CASH F	LOW FROM OPERATIN	G
ACTIVITIES		2020	2019
		5	5
Net (expenditure)income for the reporting Statement ofFinancial Activities)	period (as per the	(57,884)	61,066
Adjustments for: Depreciation charges Gain on investments Internet received Decrease/(increase) in debtors Decrease in creditors		1,618 (7,826) (1,817) 43,417 ~833)	1,929 (107,489) (1,888) (45,365) ~4642)
Net cash used in operations		~23,325)	~96,389)

ANALYSIS OF CHANGES IN NET FUNDS
	At 1.1.20 5	Cash flow f	At 31.12.20 5
Net cash Cash at bank and in hand	575,921	~21,494)	554,427
	~575 921	~21,494)	554,427
Tl	575,921	~21 494)	554,427

DONATIONS AND LEGACIES			2020	2019
			F	5
Donations Legacies			1,084,049 ~90 188	1,116,092 ~108749
			1,174,237	~1224,841
	2020	2020	2020	2019
	Unrestricted	Restricted funds
	funds		Total	Total
	6	5	6
Donations: UK Ministries Overseas Ministries Support ofprojects Infrastructure	378,273 470,195 195,408	40,173	378,273 470,195 40,173 195,408	354,449 527,557 52,012 182,074
Legacies	1,043,876 90188	40,173	1,084,049 90188	1,116,092 108749
	1 134,064	40,173	1,174,237	1,224,841
OTHER TRADING ACTIVITIES			2020	2019
			6	E
Admin fes income			112,644	111,466
INVESTMENT INCOME			2020	2019
				F
Rents received Investment income Deposit account interest			9,826 1,330 ~1817	8,320 2,244 1 888
			12,973	12,452

					2020 8	2019 f
Staff costs Travel					22,234 231	21,745 59
Consultancy						2
Rates and water					2,933	2,682
Insurance					131	160
Telephone					108	62
Postage and stationery Sundries Promotions activity Travel					1,141 5,692 392 168	1,427 2,942 1,043 1,664
Internet/email					258	148
Books / literature					4	60
Computer support					660	506
Photocopier					100	109
Staff training					328	633
Staff conference					40	737
Oflice equipment	support				350	112
Bank charges					452	485
Supporter costs					53	50
Fundraising costs					252	2,682
Depreciation					868	698
					~36 395	~38 006
Other trading activities
					2020 8	2019 f
Staffcosts - mobilisation Trustees'expenses					8,634 184	7,856 531
					8818	~8387
Investment manigement		costs
					2020	2019
					8	6
Porffolio management					4,173	4,124
Aggregate amounts					49,386	50,517
CHARITABLE ACTIVITIES		COSTS
				Grant
				funding of
				activiaes	Support
			Direct	(see note	costs (see
			Costs 5	8) 8	note 9) f	Totals
UK Ministdies Overseas Ministries			409,427 446,255		2,509	409,427 448,764
Support ofprojects Infrastructure			~55006	57,437	346,604	57,437 401,610
			910688	57,437	349,113	1,317,238

					2020	2019
						5
Support	ofprojects				~57 437	70091
The total	grants paid to		institutions	during the year was as follows:	2020	2019
					5	E
2019						70,091
2020					~57 437
					57,437	70,091
The following		Institutions	were the	recipients ofthe grants made during the year:	2020	2019
					6	5
Pioneers Pioneers	Europe UK				5,536 12,290	5,449 16,173
Pioneers Pioneers Pioneers Pioneers Pioneers	Nigeria Dem Rep Congo Kenya Uganda overseas				15,188 2,695 2,332 9,169 10,227	13,795 819
Pioneers	Nepal					33,855
					~7437	TO 081
						,
SUPPORT COSTS
					Human	Head
				Finance f	resources	office 5
Overseas	Ministries					2,509
Infrastructure				113,215	82,373	47,035
				113,215	82,373
					Governance
				Mobilisstion	costs	Totals
				6		6
Ovemeas	Ministries					2,509
Infrastructure				79,118	24,863	346,604
				~79 118	~24 863	349,113
Support costs,		included	in the above, are as follows:
Finance
					2020	2019
						Total
					Infrastructure	activities
					6	6
Wages Social security Pensions					90,690 7,763 7,019	94,460 7,321 7,558
Sundries Bank charges					3,677 4,086	5,931 ~4362
					~113215	~119632

					2020	2019
						Total
					Infrastructure	activities
					5	5
Wages Social security Pensions					49,992 4,788 5,944	45,788 3,905 6,054
Telephone					975	555
Sundries					20,024	7,818
Travel					650	10,783
					82,373	74,903
Head office
					2020	2019
			Overseas		Total	Total
			Ministries 5	Infrastructure f	activides f	activities 5
Rates and water			1,208	25,187	26,395	24,140
Insurance Postage and	stationery		1,301	1,245 6,199	2,546 6,199	3,003 6,940
ITexpenses Staff training Staffconferences				8,259 2,635 356	8,259 2,635 356	5,885 5,636 3,906
Repairs and	renewals			3,154	3,154	1,010
			2,509	47,035		50,520
Mobllis ation
					2020	2019
						Total
					Infrastructure	activities
					6	5
Wages Social security Pensions					67,173 5,131 5,590	59,459 4,533 6,706
Travel Promotions activity					864 360	5,042 4,393
					79,118	80,133
Governance	costs
					2020	2019
						Total
					Infrastructure	activities
					. 5	5
Trustees' expenses Auditors' remuneration Auditors' remuneration Legal and professional		for non audit work fees			3,035 10,953 1,217 4,381	7,460 ' 12,420 1,380 1,512
Conference					3,070	2,724
Membership/subscriptions					~2207	10,547
					24,863	36,043

		2020	2019
		5	5
Depreciation Travel		1,278 2,617	1,929 16,368
Consultancy			20
AUDITORS' REMUNERATION
		2020	2019
		f	E
Fees payable tothe charity's auditom charity's financial statements Auditors' remuneration for non audit	and their associates for the audit ofthe work	10,953 1,217	12,420 1,380

	2020 5	2019 f
Wages and salaries Social security costs Other pension costs	766,901 45,227 ~72 739	706,583 36,414 ~73 204
	884,867	816,201

			2020	2019
Overseas UK oflice	and city ministries	staff	41 12	41 13
			53

			Fixtures
			and
			fittings
			F
	COST
	At 1 January 2020		11,171
	Additions		4,157
	Disposals		~10748)
	At 31 December 2020		4580
	DEPRECIATION
	At 1 January 2020		9,876
	Charge for year		1,617
	Eliminated on disposal		(10,748)
	At 31 December 2020		745
	NET BOOK VALUE
	At 31 December 2020		3 835
	At 31 December 2019		1,295
15.	FIXEDASSETINVESTMENTS
			Listed
			investments
	MARKET VALUE
	At 1 January 2020		901,871
	Disposals Revaluations		(4,171) 7,825
	At 31 December 2020		905,525
	NET BOOK VALUE
	At 31 December 2020		~905525
	At 31 December 2019		901,871
	At 31 December 2020there were 8300,173(2019:8266,311)ofassets invested	outside the UK.
6.	INVESTMENT PROPERTY
	FAIR VALUE
	At 1 January 2020
	and 31 December 2020		179,100
	NET BOOK VALUE
	At 31 December 2020		179,100
	At 31 December 2019		179,100

					2020	2019 f
Other debtors					26,866	70,283
CREDITORS:		AMOUNTS	FALLING DUE WITHIN ONE YEAR
					2020 f	2019
Trade creditors					203
Social security		and other	taxes		10,655	10,571
Other creditors					496	103
Accrued expenses					~17668	19181
					29,022	29,855
MOVEMENT	IN FUNDS
				Net	Transfers
				movement	between	At
			At 1.1.20 f	in funds f	funds	31.12.20 f
Unrestricted	funds
General fund			899,870	(45,272)	(2,557)	852,041
Designated Property fund			140,039 502,654			140,039 ~502654
			1,542,563	(45,272)	(2,557)	1,494,734
Restricted funds
UK				(571)	571
Burkina Faso			4,299			4,299
Cameroon			2,754	200		2,954
Chad			51			51
Dem Rep Congo			1,860	(2,282)	422
Ethopia			56			56
India				(1,000)	1,000
Nigeria			14,392	(2,238)		12,154
Kenya Sudan			125 5,673	687		812 5,673
Pioneers Europe			47,346	(5,536)		41,810
Sundry			13,927			13,927
Uganda			853	(1,417)
USA				723		723
Nepal			770	752		1,522
Egypt Kosovo				880 2,603		880 2,603
Bosnia				162		162
			92,106	(7,037)	2,557	87,626
Endowmentfunds
The Simmonds The Sidmouth	bequest bequest		3,139 60,807	(544) ~5,031)		2,595 55,776
			~63946	~5,575)		58,371

MOVEMENT	IN FUNDS	- contin	ued
Net movement	in funds,	included	in the above are as follows:
			Incoming	Resources	Gains and	Movement
			resources 5	expended 5	losses	in funds f
Unrestricted	funds
General fund			1,260,741	(1,319,414)	13,401	(45,272)
Restricted funds
UK			11,719	(12,290)		(571)
Cameroon			200			200
Dem Rep Congo			413 '	(2,695)		(2,282)
India			(1,000)			(1,000)
Nigeria , Kenya			12,950 3,019	(15,188) (2,332)		(2,238) 687
Pioneers Europe				(5,536)		(5,536)
Uganda			7,752	(9,169)		(1,417)
USA			723			723
Nepal			752			752
Egypt			880			880
Kosovo			2,603			2,603
Bosnia			162			162
Endowmentfunds			40,173	(47,210)		(7,037)
The Simmonds The Sidmouth	bequest bequest				(544) ~5,031)	(544) ~5,031)
					~5,575	5575
TOTAL FUNDS			1,300,914	~1,366624)	7,826	~57,884)

Comparat	ives	for movement in fu	nds
				Net	Transfers
				movement	between	At
			At 1.1.19	in funds	funds	31.12.19
					6	6
Unrestricted		funds
General fund			843,891	67,917	(11,938)	899,870
Designated			133,0'I 7	7,022		140,039
Property	fund		502,654			502,654
			1,479,562	74,939	(11,938)	1,542,563
Restricted funds
UK				(11,828)	11,828
Burkina Faso			4,299			4,299
Cameroon			2,754			2,754
Chad			51			51
Dem Rep Ethopia	Congo		1,190 56	670		1,860 56
India			2,508	(2,618)	110
Nigeria			11,203	3,189.		14,392
Kenya Sudan			125 5,673			125 5,673
Pioneers	Europe		47,087	259		47,346
Sundry			21,629	349	(8,051)	13,927
Uganda Nepal			853	~7,281)	8,051	853 770
			97,428	(17,260)	11,938	92,106
Endowmentfunds
The Simmonds		bequest	2,692	447		3,139
The Sidmouth		bequest	57,867	2,940		60,807
			60,559	3,387		63,946
TOTAL FUNDS			1637,549	~61 066		~1698,615

		for the Year Ended 3	1 December 2020
			2020	2019
				5
INCOME AND	ENDOWMENTS
Donations and	legacies
Donations Legacies			1,084,049 90,188	1,116,092 108,749
			1,174,237	1,224,841
Other trading activities
Admin fee income			112,644	111,466
Investment income
Rents received			9,826	8,320
Investment income Deposit account interest			1,330 1,817	2,244 1,888
			12,973	12,452
Other income
Sundry income			1,060	1,278
Total incoming	resources		1,300,914	1,350,037
EXPENDITURE
Raising donations		and legacies
Wages			18,931	18,588
Social security Pensions			1,647 1,656	1,449 1,708
Travel			231	59
Consultancy				2
Rates and water Insurance			2,933 131	2,682 160
Telephone			108	62
Postage and stationery			1,141	1,427
Sundries Promotions activity			5,692 392	2,942 1,043
Travel			168	1,664
Internet/email			258	148
Books 1literature			4	60
Computer support			660	506
Photocopier			100	109
Staff training			328	633
Staffconference			40	737
Office equipment	support		350	112
Bank charges			452	485
Supporter costs			53	50
Fundraising costs			252	2,682
Fixtures and fittings			888	698
			36,395	38,006
Other trading activities
Trustees' expenses			184	531
Wages Social security			7,464 570	6,607 504
Pensions			600	745
			8,818	8,387

		Detailed Statemen	f	n lal Acfivities
		for the Year Ended	31	December 2020
					2020	2019
					E	6
Other trading acfivides
Investment management Porffolio management	costs				4,173	4,124
Charitable activities
Wages Social security Pensions					532,651 25,328 51,930	481,681 18,702 50,433
Insurance					12,270	14,033
Postage and stationery Advertising Sundries					4,972 3,171 9,766	6,038 1,483 1,679
Travel					704	5,059
Training costs					315	62
Minisby costs Pre-field costs					234,329 32,769	293,350 36,892
Other field costs					1,260
Edge costs Supporter costs Consultancy Fixtures and fittings Grants to institutions					473 750 57,437	3,510 450 18 1,231 70,091
					968,125	984,712
Supportcosts
Finance
Wages Social security Pensions					90,690 7,763 7,019	94,460 7,321 7,558
Sundries Bank charges					3,677 ~4066	5,931 ~4362
					113,215	119,632
Human resources
Wages Social security Pensions					49,992 4,788 5,944	45,788 3,905 6,054
Telephone Sundries					975 20,024	555 7,818
Travel					650	10,783
					82,373	74,903
Head office
Rates and water					26,395	24,140
Insurance					2,546	3,003
Postage and stationery ITexpenses Stall training					6,199 8,259 2,635	6,940 5,885 5,636
Staffconferences Repairs and renewals					356 3,154	3,906 ~1010
					49,544	50,520
Mobfiisatton
Wages Carried forward					67,173 67,173	59,459 59,459

		2020 5	2019f
Mobllisation
8rought forward Social security Pensions Travel		67,173 5,131 5,590 864	59,459 4,533 6,706 5,042
Promotions activity		360	4,393
		79,118	80,133
Governance costs
Trustees' expenses Auditors' remuneration Auditom' remuneration Legal and professional Conference	for non audit work fees	3,035 10,953 1,217 4,381 3,070	7,460 12,420 1,380 1,512 2,724
Membership/subscriptions		2,207	10547
		24,863	36,043
Total resources expended		1,386624	1,396460
Net expenditure		~65,710)	~46,423)