2021-12-31-accounts - Pioneers UK Ministries

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CONTENTS	PAGE
Report ofthe trustees	1-19
Report ofthe Independent Auditors	20- 22
Statement of Financial Activities	23
Balance Sheet
Cash Flow Statement	25
Notes to the Cash Flow Statement	26
Notes tothe Financial Statements	27-38
Detailed Statement of Financial Activities	39-41

		Page
Report ofthe Trustees	1	to	12
Report ofthe Independent Auditors	13	to	15
Statement ofFinancial Activities		16
Balance Sheet		17
Cash Flow Statement		18
Notes to the Cash Flow Statement		19
Notes to the Financial Statements	20	to	32
Detailed Statement ofFinancial Activities	33	to	35

				for the
Trustees
Dr CJ Bignell
DrJ R Hickson
Rev S D Jenkins
D R Maddock
PJ Maddock
Mrs CJ Register
Dr KJ McConkey
Rev DrSGordon
Ms J Barthow
EAryee
C Clayton
Company Secretary
PJ Maddock
Auditors
Wright Vigar Limited
Statutory Auditors
Chartered Accountants		& Business	Advisers
Chancery Court
34West Street
Refford
Nottinghamshire
DN22 6ES
Solicitors
Anthony Collins LLP
134 Edmund Street
Birmingham
B32ES
Bankers
National Westminster		Bank pic
12 High Street
Doncaster
DN1 1ED
Key Management	Personnel
Stephen Carling		CEO
Lois Fenton Smith		HR Manager
Steve Ludwig		Mobilisation	Manager
Graeme Simpson		Member Care Manager
Amanda Hill		Communications		Manager
Mark Cook		Developments		Manager
Chris Mukuka		Finance Manager

		f	or the Year End	ed 31Decembe	r 2021
						2021	2020
			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	funds	funds
		Notes		5	5	5
INCOME AND ENDOWMENTS
FROM
Donations and legawes		3	1,598,716	105,478		1,704,195	1,174,237
Other trading activities		4	124,595			124,595	112,644
Investment income		5	11,229			11,229	12,973
Other income			2,177			2,177	1,060
Total			1,736,717	105,478		1,842,196	1,300,914
						v
EXPENDITURE ON
Raising funds		6	49,630			49,630	49,386
Charitable activities		7
UK Ministries			445,370			445,370	409,427
Overseas Ministnes			496,195			496,195	448,764
Support ofprojects			1,994	69,403		71,397	57,437
Infrastructure			428,898			428,898	401,610
Total			1,422,087	69,403		1,491,490	1,366,624
Net gains on investments			102,734		9,331	112,065	7,826
NET INCOME/(EXPENDITURE)			417,364	36,075	9,332	462,771	(57,884)
Transfers between	funds	19	(2,046)	2,046
Net movement in funds			415,318	38,121	9,332	462,771	(57,884)
RECONCILIATION OF FUNDS
Total funds brought	forward		1,494,734	87,626	58,371	1,640,731	1,698,615
TOTAL FUNDS CARRIED
FORWARD			1,910,052	125,747	67,703	2,103,502	1,640,731

						2021	2020
			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	funds	funds
		Notes	f.	8	f.		8
FIXEDASSETS
Tangible assets		14	6,044			6,044	3,835
Investments Investments		15	945,183		67,700 &	1,012,883	905,525
Investment property		16	179,100			179,100	179,100
			1,130,327		67,700	1,198,027	1,088,460
CURRENT ASSETS
Debtors		17	332,808			332,808	26,866
Cash at bank and	in hand		478,395 811,203	125,747 125,747'		604,145 936,953	554,427 581,293
CREDITORS
Amounts falling due within one
year		18	(31,478)			(31,478)	(29,022)
NET CURRENT ASSETS			779,725	125,747	3	905,475	552,271
TOTAL ASSETS	LESS
CURRENT LIABILITIES			1,910,052	125,747	67,703	2,103,502	1,640,731
NET ASSETS			1,910,052~	125,747~	67,703 I	2,103,502	1,640,731
FUNDS		19
Unrestricted funds						1,910,052	1,494,734
Restricted funds						125,747	87,626
Endowmentfunds						67,703	58,371
TOTAL FUNDS						2,103,502	1,640,731

		for the Year Ended 3	1December 2021
		Notes	2021 8	2020f
Cash flows from operating	activities
Cash generated from operations		1	47,601	(23,325)
Net cash provided by/(used	in) operating	activities	47,601	(23,325)
Cash flows from investing	activities
Purchase oftangible fixed assets			(3,624)	(4,157)
Sale offixed asset investments			4,706	4,171
Interest received			1,035	1,817
Net cash provided by investing activities			2,117	1,831
Change in cash and cash	equivalents	in
the reporting period			49,718	(21,494)
Cash and cash equivalents	at the
beginning ofthe reporting	period		554,427	575,921
Cash and cash equivalents	at the end	of
the reporting period			604,145	554,427

ACTIVITIES
							2021 f	2020
Net income/(expenditure)			for the reporting		period (as per the
Statement ofFinancial Activities)							462,771	(57,884)
Adjustments for: Depreuation charges							1,415	1,618
Gain on investments							(112,065)	(7,826)
Interest received							(1,035)	(1,817)
(Increase)/decrease		in debtors					(305,942)	43,417
Increase/(decrease)		in creditors					2,457	(833)
Net cash provided		by/(used		in) operations			47,601	(23,325)
ANALYSIS OF CHANGES			IN	NET FUNDS
						At 1.1.21	Cash flow	At 31.12.21
						8	f	E
Net cash
Cash at bank and	in	hand				554,427	49,718	604,145
						554,427	49,718	604,145
Total						554,427	49,718	604,145

DONATIO	NS AND LEGACIES
				2021	2020
Donations				1,275,070	1,084,049
Legacies				429,125	90,188
				1,704,195	1,174,237
		2021	2021	2021	2020
		Unrestricted	Restricted
		funds f	funds f	Total f	Total f
Donations:
UK Ministries		406,338		406,338	378,273
Overseas	Ministries	459,065		459,065	470,195
Support ofprojects Infrastructure		304,190	105,478	105,479 304,190	40,173 195,408
		1,169,593	105,478	1,275,071	1,084,049
Legacies		429,125		429,12K/	90,188
		1,598,718	105,478	1,704,196	1,174,237
OTHER TRADING ACTIVITIES
				2021	2020
Admin fee	income			f. 124,595'	112,644
INVESTMENT INCOME
				2021	2020
					6
Rents received				8,465	9,826
Investment	income			1,729	1,330
Deposit account interest				1,035	1,817
				11,229 v	12,973

Raising do	nation	s and	legacies
				2021	2020
				F	E
Staff costs				22,531	22,234
Travel				64		231
Rates and water				2,887	2,933
Insurance				130		131
Telephone				64		108
Postage and stationery				1,233	1,141
Sundries				4,881	5,692
Promotions	activity			338		392
Travel				219		168
Internet/email				306		258
Books / literature						4
Computer support				729		660
Photocopier				37		100
Stafftraining				758		328
Staff conference				452		40
Office equipment		support		776		350
Bank charges				502		452
Supporter costs						53
Fundraising	costs					252
Depreciation				367		868
				36,274	36,395
Other trading activities
				2021	2020
				5
Staff costs -	mobilisation			8,415	8,634
Trustees' expenses				235		184
				8,650	8,818
Investment	management		costs
				2021	2020
					5
Porffolio management				4,706	4,	173
Aggregate amounts				49,630	49,386

						Grant
					funding		of
					activities			Support
				Direct	(see note			costs (see
				Costs		8)		note 9)	Totals
				6		F
UK Ministnes				445,370					445,370
Overseas	Ministries			495,320				875	496,195
Support ofprojects Infrastructure				63,093		71,397		365,805	71,397 428,898
				1,003,783		71,397		366,680	1,441,860
GRANTS	PAYABLE
								2021f	2020
Support ofprojects								71,397	57,437
The total	grants	paid to institutions		during the year was as follows:
								2021	2020
								F.	F
2020									57,437
2021								71,397
								71,397	57,437
The following Institutions			were the	recipients ofthe grants made dunng		the year:
								2021	2020
								F.	5
Pioneers	Europe							1,100	5,536
Pioneers	UK							,162	12,290
Pioneers Pioneers	Nigeria Dem Rep Congo c4							7%I7	15,188 2,695
Pioneers	Kenya							2,858	2,332
Pioneers	Uganda							3,666	9,169
Pioneers	Ghana							1,120
Pioneers	Nepal							5,000
Pioneers	South Kosovo-							,809
Pioneers	overseas							,995	10,227
								71,397	57,437
SUPPORT COSTS
								Human	Head
					Finance			resources	office
						F		F
Overseas	Ministnes							854
Infrastructure					125,845			67,101	61,264
					125,845		~	67,955	61,264

			Governance
		Mobilisation	costs	Totals
				E
Overseas	Ministries		21	875
Infrastructure		77,066	34,529	365,805
		77,06gif—	34,550	366,680

Finance
			2021	2020
				Total
			Infrastructure	activities
			E	5
Wages			91,857	90,690
Social security			7,875	7,763
Pensions			9,528	7,019
Sundries			12,063	3,677
Bank charges			4,522	4,066
			125,845	113,215
Human resources
			2021	2020
	Overseas		Total	Total
	Ministries	Infrastructure	activities	activities
	E		E	E
Wages		50,114	50,114	49,992
Social security		4,505	4,505	4,788
Pensions		6,588	6,588	5,944
Telephone		577	577	975
Sundries		5,067	5,067	20,024
Travel	854	250	1,104	650
	854	67,101	67,955	82,373
Head office
			2021	2020
				Total
			Infrastructure	activities
			E
Rates and water			25,986	26,395
Insurance			2,371	2,546
Postage and stationery			4,998	6,199
ITexpenses			9,313	8,259
Staff training			6,822	2,635
Staff conferences			4,788	356
Repairs and renewals			6,986	3,154
			61,264	49,544

							2021	2020
								Total
							Infrastructure	activities
							f
Wages							64,060	67,173
Social security							4,392	5,131
Pensions							7,278	5,590
Travel							871	864
Promotions		activity					465	360
							77,066	79,118
Governance		costs
							2021	2020
					Overseas		Total	Total
					Ministries	Infrastructure	activities	activities
						5	f	6
Trustees'	expenses				21	4,454	4,475	3,035
Auditors'	remuneration					12,024	12,024	10,953
Auditors'	remuneration		for non audit		work	1,800	1,800	1,217
Legal and professional			fees			3,144	3,144	4,381
Conference						3,762	3,762	3,070
Membership/subscnptions						9,345	9,345	2,207
					21	34,529	34,550	24,863
NET INCOME/(EXPENDITURE)
							2021	2020 f
Depreciation							1,174	1,278
Travel							2,830	2,617
AUDITORS'		REMUNERATION
							2021	2020
							6	5
Fees payable		to the charity's		auditors	and their associates for the audit ofthe
charity's	financial statements						12,024	10,953
Auditors'	remuneration		for non audit		work		1,800	1,217

STAFF C	OSTS
						2021	2020
						E	5
Wages and salaries						779,180	766,901
Social security costs						45,516	45,227
Other pension costs						81,180	72,739
						905,876	884,867
The average monthly		number	ofemployees	during	the year was as follows:
						2021	2020
Overseas	and city ministries		staff			39	41
UK office						12	12
						51	53

TANGIBLE FIXEDASSETS
	Fixtures
	and
	fittings f
COST
At 1 January 2021	4,580
Additions	3,624
At 31 December 2021	8,204
DEPRECIATION
At 1 January 2021	745
Charge for year	1,415
At 31 December 2021	2,160
NET BOOK VALUE
At 31 December 2021	6,044
At 31 December 2020	3,835

FIXEDASSET INVESTMENTS
		Listed
		investments
MARKET VALUE
At 1 January 2021		905,525
D is pos a la Revaluations		(4,706) 112,064
At 31 December 2021		1,012,883
NET BOOK VALUE
At 31 December 2021		1,012,883
At 31 December 2020		905,525
At 31 December 2021 there were 5364,257 (2020 5300,173)ofassets invested	outside the UK.

MOVEM	ENT		IN FUNDS
					Net	Transfers
					movement	between	At
				At 1.1.21 f	in funds	funds 6	31.12.21 f
Unrestricted			funds
General	fund			852,041	417,364	137,993	1,407,398
Designated				140,039		(140,039)
Property	fund			502,654			502,654
				1,494,734	417,364	(2,046)	1,910,052
Restricted funds
UK					1,636		1,636
Burkina	Faso			4,299			4,299
Cameroon				2,954			2,954
Chad				51			51
Ethopia				56			56
Nigeria				12,154	10,704		22,858
Kenya				812	(2,858)	2,046
Sudan				5,673			5,673
Pioneers	Europe			41,810	(11,101)		30,709
Sundry				13,927	1,153		15,080
Uganda					1,572		1,572
USA				723			723
Nepal				1,522	36,778		38,300
Egypt				880			880
Kosovo				2,603	(1,809)		794
Bosnia				162			162
				87,626	36,075	2,046	125,747
Endowment		funds
The Simmonds			bequest	2,595	346		2,941
The Sidmouth			bequest	55,776	8,986		64,762
				58,371	9,332		67,703
TOTAL FUNDS				1,640,731	462,771		2,103,502

Cost or valuation at 31 December 2021 is represented by
	Listed
	investments
Valuation in 2021	107,358
Cost	905,525
	1,012,883
INVESTMENT PROPERTY
FAIR VALUE
At 1 January 2021
and 31 December 2021	179,100
NET BOOK VALUE
At 31 December 2021	179,100
At 31 December 2020	179,100

DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
		2021	2020
		6	5
Other debtors		332,808	26,866
CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
		2021	2020
		6	6
Trade creditors			203
Social secunty and other	taxes	11,625	10,655
Other creditors		4,424	496
Accrued expenses		15,429	17,668
		31,478	29,022

				Incoming	Resources	Gains and	Movement
				resources F	expended	losses f	in funds
Unrestricted			funds
General	fund			1,736,717	(1,422,087)	102,734	417,364
Restricted funds
UK				37,798	(36,162)		1,636
Nigeria				18,391	(7,687)		10,704
Kenya					(2,858)		(2,858)
Pioneers	Europe				(11,101)		(11,101)
Sundry				1,153			1,153
Uganda				6,358	(4,786)		1,572
Nepal				41,778	(5,000)		36,778
Kosovo					(1,809)		(1,809)
				105,478	(69,403)		36,075
Endowment		funds
The Simmonds			bequest			346	346
The Sidmouth			bequest			8,985	8,986
						9,331	9,332
TOTAL FUNDS				1,842,196	(1,491,490)	112,065	462,771

Compar	a	tive	s	for movement in fu	nds
						Net	Transfers
						movement	between	At
					At 1.1.20	in funds	funds	31.12.20
							6
Unrestricted				funds
General	fund				899,870	(45,272)	(2,557)	852,041
Designated					140,039			140,039
Property		fund			502,654			502,654
					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
India						(1,000)	1,000
Nigeria					14,392	(2,238)		12,154
Kenya					125	687		812
Sudan					5,673			5,673
Pioneers		Europe			47,346	(5,536)		41,810
Sundry					13,927			13,927
Uganda					853	(1,417)	564
USA						723		723
Nepal					770	752		1,522
Egypt						880		880
Kosovo						2,603		2,603
Bosnia						162		162
					92,106	(7,037)	2,557	87,626
Endowment			funds
The Simmonds				bequest	3,139	(544)		2,595
The Sidmouth				bequest	60,807	(5,031)		55,776
					63,946	(5,575)		58,371
TOTAL FUNDS					1,698,615	(57,884)		1,640,731

Action Partners Corporation	2021	2021	2021	2020
	Unrestricted	Restricted	Total	Total
	6	6	E	E
Incoming resources
Expended resources
Net incoming resources for the year
Total funds brought forward
Total funds carried forward

			for the Year Ended 3	1December 2021
				2021	2020
				6	6
INCOME AND ENDOWMENTS
Donations and Donations	legacies			1,275,070	1,084,049
Legacies				429,125	90,188
				1,704,195	1,174,237
Other trading activities
Admin fee income				124,595	112,644
Investment income
Rents received				8,465	9,826
Investment income				1,729	1,330
Deposit account	interest			1,035	1,817
				11,229	12,973
Other income
Sundry income				2,177	1,060
Total incoming	resources			1,842,196	1,300,914
EXPENDITURE
Raising donations Wages Social security Pensions		and	legacies	18,814 1,613 2,104	18,931 1,647 1,656
Travel				64	231
Rates and water				2,887	2,933
Insurance				130	131
Telephone				64	108
Postage and stationery Sundries				1,233 4,881	1,141 5,692
Promotions activity				338	392
Travel				219	168
Internet/email				306	258
Books / literature					4
Computer support Photocopier Staff training				729 37 758	660 100 328
Staff conference				452	40
Office equipment Bank charges	support			776 502	350 452
Supporter costs					53
Fundraising costs Fixtures and fittings				367	252 868
				36,274	36,395
Other trading activities Trustees' expenses Wages Social security Carried forward				235 7,118 488 7,841	184 7,464 570 8,218

		for the Year Ended 3	1 December 2021
			2021f	2020f
Other trading	activities
Brought forward			7,841	8,218
Pensions			809	600
			8,650	8,818
Investment management		costs
Porffolio management			4,706	4,173
Charitable activities
Wages			547,217	532,651
Social secunty			26,643	25,328
Pensions			54,873	51,930
Insurance			15,452	12,270
Postage and stauonery			6,436	4,972
Advertising			4,710	3,171
Sundries			6,461	9,766
Travel			572	704
Training costs				315
Ministry costs			291,027	234,329
Pre-field costs			37,611	32,769
Other field costs			11,733	1,260
Supporter costs				473
Fixtures and fittings			1,048	750
Grants to institutions			71,397	57,437
			1,075,180	968,125
Supportcosts
Finance
Wages			91,857	90,690
Social security			7,875	7,763
Pensions			9,528	7,019
Sundries			12,063	3,677
Bank charges			4,522	4,066
			125,845	113,215
Human resources
Wages			50,114	49,992
Soaal secunty			4,505	4,788
Pensions			6,588	5,944
Telephone			577	975
Sundries			5,067	20,024
Travel			1,104	650
			67,955	82,373
Head office
Rates and water			25,986	26,395
Insurance			2,371	2,546
Postage and stationery			4,998	6,199
ITexpenses			9,313	8,259
Staff training			6,822	2,635
Staff conferences			4,788	356
Repairs and renewals			6,986	3,154
			61,264	49,544

	for the Year Ended 31De	cember 2021
		2021f	2020 F
Head office
Mobilisation
Wages		64,060	67,173
Social security		4,392	5,131
Pensions		7,278	5,590
Travel		871	864
Promotions activity		465	360
		77,066	79,118
Governance costs
Trustees' expenses Auditors' remuneration		4,475 12,024	3,035 10,953
Auditors' remuneration	for non audit work	1,800	1,217
Legal and professional Conference	fees	3,144 3,762	4,381 3,070
Membership/subscnptions		9,345	2,207
		34,550	24,863
Total resources expended		1,491,490	1,366,624
Net income/(expenditure)		350,706	(65,710)