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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|I||||
|---|---|---|---|---|---|---|---|
|||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|
##
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##
##
##
##
##
##
##
##
|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)|