NEERS REACHING FORGOTfEN PEOPLES 000 ANNUAL REPORT. 2022 ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||||2022|2021| |---|---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Endowment|Total|Total| ||||Notes|funds|funds|funds
f|funds
5|funds
5| |INCOME AND ENDOWMENTS||||||||| |FROM||||||||| |Donations
and legacies|||3|1,272,407|172,096||1,444,503|1,704,195| |Other trading
activities
Investment
income
Other income|||4
5|133,873
20,254
508|||133,873
20,254
508|124,595
11,229
2,177| |Tote I||||1,427,042|172,096||1,599,138|1,842,196| |EXPENDITURE ON||||||||| |Raising funds|||6|73,036|||73,036|49,630| |Charitable
activities|||7|||||| |UK Ministries||||567,978|||567,978|445,370| |Overseas
Ministries
Support ofprojects
Infrastructure||||736,748
515,719|118,920||736,748
118,920
515,719|496,195
71,397
428,898| |Total||||1,893,481|118,920||2,012,401|1,491,490| |Net gains/(losses)
investments|on|||(68,764)||(286)|(69,050)|112,065| |NET INCOME/(EXPENDITURE)||||(535,203)|53,176|(286)|(482,313)|462,771| |Transfers
between||funds|19|(6,257)|6,257|||| |Other recognised||||||||| |gains/(losses)||||||||| |Gains on revaluation||offixed||||||| |assets||||1,900|||1,900|| |Net movement
in funds||||(539,560)|59,433|(286)|(480,413)|462,771| |RECONCILIATION||OF FUNDS||||||| |Total funds brought||forward||1,910,052|125,747|67,703|2,103,502|1,640,731| |TOTAL FUNDS CARRIED||||||||| |FORWARD||||1,370,492|185,180|67,417|1,623,089|2,103,502| ## |||31De|cember 2022||||| |---|---|---|---|---|---|---|---| ||||||2022||2021| |||Unrestricted|Restricted|Endowment|Total||Total| |FIXEDASSETS|Notes|funds
f|funds
F|funds
f|funds
f||funds| |Tangible assets
Investments|14|4,680|||4,680||6,044| |Investments
Investment
property|15
16|860,973
181,000||67,417|928,390
181,000||1,012,883
179,100| |||1,046,653||67,417|1,114,070|1,198,027|| |CURRENT ASSETS|||||||| |Debtors
Cash at bank and in hand|17|51,173
305,917|185,180||51,173
491,097||332,808
604,145| |||357,090|185,180||542,270||936,953| |CREDITORS|||||||| |Amounts
falling due within one|||||||| |year|18|(33,251)|||(33,251)||(31,478)| |NET CURRENT ASSETS||323,839|185,180||509,019||905,475| |TOTAL ASSETSLESS|||||||| |CURRENT LIABILITIES||1,370,492|185,180|67,417|1,623,089|2,103,502|| |NET ASSETS||1,370,492|185,180|67,417|1,623,089|2,|103,502| |FUNDS|19||||||| |Unrestricted
funds
Restricted funds
Endowmentfunds|||||1,370,492
185,180
67,417|1,910,052
125,747
67,703|| |TOTAL FUNDS|||||1,623,089|2,103,502|| ||||Pioneers
UK fifiinistries||| |---|---|---|---|---|---| ||||Cash Flow Statement||| |||for|the Year Ended 31December|2022|| |||||2022|2021| ||||Notes||5| |Cash flows from operating
activities
Cash generated
from operations|||1|(128,736)|47,601| |Net cash (used in)/provided|by operating|activities||(128,736)|47,601| |Cash flows from investing
activities
Purchase oftangible
fixed assets
Sale offixed asset investments||||(796)
15,444|(3,624)
4,706| |Interest recewed||||1,040|1,035| |Net cash provided
by investing
activities||||15,688|2,117| |Change
in cash and cash
the reporting
period|equivalents|in||(113,048)|49,718| |Cash and cash equivalents
beginning
ofthe reporting|at the
period|||604,145|554,427| |Cash and cash equivalents
the reporting
period|at the end|of||491,097|604,145| ## ## ## |
ACTIVITIES|NET CASH F|LOW FROIN OPERATIN|G| |---|---|---|---| |||2022|2021| |Net (expenditure)/income
forthe reporting
Statement ofFinancial Activities)
Adjustments
for:|peiiod (as per the|5
(482,313)|462,771| |Depreciation
charges
Losses/(gain)
on investments
Interest recewed||2,160
69,050|1,415
(112,065)| |Decrease/(increase)
in debtors
Increase
in creditors||(1,040)
281,634
1,773|(1,035)
(305,942)
2,457| |Net cash (used in)/provided
by operations||(128,736)|47,601| ## ## |||At 1.1.22|Cash flow|At 31.12.22| |---|---|---|---|---| |Net cash||5||| |Cash at bank and|in hand|604,145|(113,048)|491,097| |||604,145|(113,048)|491,097| |Total||604,145|(113,048)|491,097| ## ## ## ## ## ## ## ## ## ## |DONATIONS
AND LEGACIES||||| |---|---|---|---|---| |Donations
Legacies|||2022f
1,441,738
2,765|2021
6
1,275,070
429,125| ||||1,444,503|1,704,195| ||2022|2022|2022|2021| ||Unrestricted|Restricted||| ||funds|funds|Total|Total| |Donations:|6|6||6| |UK Ministries
Overseas
Ministries
Support ofprojects
Infrastructure|460,573
592,195
216,874|172,096|460,573
592,195
172,096
216,874|406,336
459,065
105,479
304,190| |Legacies|1,269,642
2,765|172,096|1,441,738
2,765|1,275,070
429,125| ||1,272,407|172,096|1,444,503|1,704,195| |OTHER TRADING ACTIVITIES||||| |Admin fee income|||2022
f
133,873|2021
6
124,595| |INVESTMENT INCOME||||| |Rents recewed
Investment
income
Deposit account interest|||2022f
17,277
1,937
1,040|2021
5
8.465
1,729
1,035| ||||20,254|11,229| ## ## ## ## |Raising donations
and|legacies||| |---|---|---|---| |||2022
f|2021f| |Staff costs||26,884|22,531| |Travel||236|64| |Rates and water||3,226|2,887| |Insurance||163|130| |Telephone
Postage and stationery
Sundries||979
9,246|1,233
4,881| |Promotions
activity
Travel||677
603|338
219| |Internet/email||362|306| |Books / literature||201|| |Computer
support
Photocopier
Staff training
Staff conference||682
85
471
314|729
37
758
452| |Office equipment
support
Bank charges||671
534|776
502| |Fundraising
costs||1,871|| |Depreciation||648|367| |||47,853|36,274| |Other trading
activities|||| |||2022|2021| |||E|6| |Staff costs - mobilisation||9,418|8,415| |Trustees' expenses||321|235| |||9,739|8,650| |Investment
management|costs||| |||2022|2021| ||||E| |Portfolio management||15,444|4,706| |Aggregate
amounts||73,036|49,630| ## ||||Grant||| |---|---|---|---|---|---| ||||funding
of||| ||||activities|Support|| |||Direct|(see note|costs (see|| |||Costs
8|8)f|note 9)
f|Totals
f| |UK Ministries||567,978|||567,978| |Overseas|Ministries|725,569||11,179|736,748| |Support ofprojects
Infrastructure||85,843|118,920|429,876|118,920
515,719| |||1,379,390|118,920|441,055|1,939,365| ## ## ## ## ## |GRAN|TS PAYABLE|||||| |---|---|---|---|---|---|---| ||||||2022|2021| |Support|ofprojects||||118,920|5
71,397| |The total grants paid to institutions|||during the year was as follows:|||| ||||||2022|2021| |2021|||||5|| |2022|||||118,920|71,397| ||||||118,920|71,397| |The following
Institutions||were the|recipients|ofthe grants made during
the year:||| ||||||2022
f|2021
5| |Pioneers
Pioneers
Pioneers
Pioneers
Pioneers
Pioneers
Pioneers
Pioneers
Pioneers
Pioneers
Pioneers|Europe
UK
Nigeria
South Sudan
Dem Rep Congo
Kenya
Uganda
Ghana
Nepal
South Kosovo
overseas||||15,869
6,062
9,731
2,199
8,143
74,211
2,705|11,100
36,162
7,687
2,858
3,666
1,120
5,000
1,809
1,995| ||||||118,920|71,397| |SUPPORT COSTS||||||| ||||||Human|Head| |Overseas
Ministries
Infrastructure||||Finance
f
157,500|resources
5
1,117
82,869|office
5
4,335
59,278| |||||157,500|83,986|63,613| ||||||Governance|| |||||Mobilisation|costs|Totals| |Overseas
Ministnes
Infrastructure||||E
91,465|5,727
38,764|8
11,179
429,876| |||||91,465|44,491|441,055| ## ## |Finance||||||| |---|---|---|---|---|---|---| ||||||2022|2021| |||||||Total| ||||||Infrastructure|activities| ||||||E|E| |Wages
Social secunty
Pensions|||||122,009
8,451
12,392|91,857
7,875
9,528| |Sundries|||||9,843|12,063| |Bank charges|||||4,805|4,522| ||||||157,500|125,845| |Human|resources|||||| ||||||2022|2021| ||||Overseas||Total|Total| ||||Ministnes|Infrastructure|activities|activities| ||||E||E|| |Wages
Social security||||56,383
4,536|56,383
4,536|50,114
4,505| |Pensions||||7,227|7,227|6,588| |Telephone
Sundries||||13,841|13,841|577
5,067| |Travel|||1,117|882|1,999|1,104| ||||1,117|82,869|83,986|67,955| |Head office||||||| ||||||2022|2021| ||||Overseas||Total|Total| ||||Ministries|Infrastructure|activities|activities| |||||E|E|E| |Rates and water||||28,555|28,555|25,986| |Insurance||||1,900|1,900|2,371| |Postage and stationery
ITexpenses
Staff training
Staff conferences|||4,335|2,909
9,393
4,202
3,994|2,909
9,393
4,202
8,329|4,998
9,313
6,822
4,788| |Repairs and||renewals||8,325|8,325|6,986| ||||4,335|59,278|63,613|61,264| |Mobilisation||||||| ||||||2022|2021| |||||||Total| ||||||Infrastructure|activities| ||||||E|E| |Wages
Social security
Pensions|||||71,926
4,304
8,535|64,060
4,392
7,278| |Travel|||||1,770|871| |Promotions||activity|||4,930|465| ||||||91,465|77,066| ## ## ## ## ## ## ## |
Governance
costs||||||||| |---|---|---|---|---|---|---|---|---| ||||||||2022|2021| |||||Overseas|||Total|Total| |Trustees' expenses
Auditors'
remuneration
Auditors'
remuneration
for non
Legal and professional
fees
Conference
Membership/subscriptions|audit work|||Ministries
6
5,727||Infrastructure
5
4,459
13,712
2,100
3,024
10,063
5,406|activities
F
10,186
13,712
2,100
3,024
10,063
5,406|activities
4,475
12,024
1,800
3,144
3,762
9,345| ||||||5,727|38,764|44,491|34,550| |NET INCOME/(EXPENDITURE)||||||||| |Depreciation
Travel|||||||2022
f
2,160
5,675|2021
1,174
2,830| |AUDITORS' REMUNERATION||||||||| ||||||||2022|2021| |Fees payable
to the charity's
auditors
and
charity's
financial statements
Auditors'
remuneration
for non audit work|||their associates for the|||audit ofthe|5
13,712
2,100|6
12,024
1,800| |TRUSTEES' REMUNERATION|AND|BENEFITS||||||| |There were no trustees'
remuneration
ended 31 December 2021.||or|other benefits||for the year ended 31 December 2022 nor for the
yea|||| |Trustees' expenses||||||||| |During the year 5trustees were reimbursed|||a total 610,186(2021:64,475) for expenses.|||||| |STAFF COSTS||||||||| |Wages and salaries
Social security costs
Other pension costs|||||||2022f
995,476
57,443
92,064|2021
5
779,180
45,516
81,180| ||||||||1,144,983|905,876| |The average
monthly
number ofemployees|||during|the year was as||follows:||| |Overseas and city ministries
staff
UK office|||||||2022
46
12|2021
39
12| ||||||||58|51| ## ## |14.|TANGIBLE FIXEDASSETS|| |---|---|---| |||Fixtures| |||and| |||flttmgs
f| ||COST|| ||At 1 January 2022
Additions|8,204
796| ||At 31 December 2022|9,000| ||DEPRECIATION|| ||At 1 January 2022
Charge for year|2,160
2,160| ||At 31 December 2022|4,320| ||NET BOOK VALUE|| ||At 31 December 2022|4,680| ||At 31 December 2021|6,044| |15.|FIXEDASSET INVESTMENTS|| |||Listed| |||investments| |||f| ||MARKET VALUE|| ||At 1 January 2022
Disposals
Revaluations|1,012,883
(15,444)
(69,049)| ||At 31 December 2022|928,390| ||NET BOOK VALUE|| ||At 31 December 2022|928,390| ||At 31 December 2021|1,012,883| |Cost or v|alu|ation
at 31 December 2022 is represented
by|| |---|---|---|---| ||||Listed| ||||investments| |Valuation|in|2022|(84,493)| |Cost|||1,012,883| ||||928,390| ## ## ## ## ## |DEBTORS:A|MOUNTS
F|ALLING DUE WITHIN ONE YEAR||| |---|---|---|---|---| ||||2022|2021| |Other debtors
Prepayments|and accrued income||6
37,444
13,729|6
332,808| ||||51,173|332,808| |CREDITORS:|AMOUNTS|FALLING DUE WITHIN ONE YEAR||| |Trade creditors
Social security and other taxes
Other creditors
Accrued expenses|||2022
f
152
13,009
71
20,019|2021
6
11,825
4,424
15,429| ||||33,251|31,478| ## ## ## |MOVEMENT|IN FUNDS||||| |---|---|---|---|---|---| ||||Net|Transfers|| ||||movement|between|At| |||At 1.1.22
f|in funds
8|funds
f|31.12.22
f| |Unrestricted|funds||||| |General
fund
Property
fund||1,407,398
502,654|(533,303)|(6,257)|867,838
502,654| |||1,910,052|(533,303)|(6,257)|1,370,492| |Restricted funds|||||| |UK||1,636|7,683||9,319| |Burkina Faso||4,299|||4,299| |Cameroon||2,954|||2,954| |Chad||51|||51| |Dem Rep Congo
Ethopia
Nigeria
Sudan
Pioneers Europe
Sundry
Uganda
USA||56
22,858
5,673
30,709
15,080
1,572
723|(2,199)
17,437
(9,731)
1,096
749|2,199
4,058|56
40,295
30,709
16,176
2,321
723| |Nepal
Egypt
Kosovo||38,300
880
794|38,141||76,441
880
794| |Bosnia||162|||162| |||125,747|53,176|6,257|185,180| |Endowmentfunds|||||| |The Simmonds
The Sidmouth|bequest
bequest|2,941
64,762|(164)
(122)||2,777
64,640| |||67,703|(286)||67,417| |TOTAL FUNDS||2,103,502|(480,413)||1,623,089| |Net movement|in funds,|included|in the above are as follows:|||| |---|---|---|---|---|---|---| ||||Incoming|Resources|Gains and|Movement| ||||resources
f|expended
f|losses|in funds
f| |Unrestricted|funds|||||| |General
fund|||1,427,042|(1,893,481)|(66,864)|(533,303)| |Restricted funds||||||| |UK|||23,552|(15,869)||7,683| |Dem Rep Congo
Nigeria
Sudan
Sundry
Uganda
Nepal|||23,499
3,801
8,892
112,352|(2,199)
(6,062)
(9,731)
(2,705)
(8,143)
(74,211)||(2,199)
17,437
(9,731)
1,096
749
38,141| ||||172,096|(118,920)||53,176| |Endowment
funds||||||| |The Simmonds
The Sidmouth|bequest
bequest||||(164)
(122)|(164)
(122)| ||||||(286)|(286)| |TOTAL FUNDS|||1,599,138|(2,012,401)|(67,150)|(480,413)| ## ## ||||Net|Transfers|| |---|---|---|---|---|---| ||||movement|between|At| |||At 1.1.21|in funds|funds|31.12.21| |Unrestricted|funds|8|8||f| |General
fund
Designated
Property
fund||852,041
140,039
502,654|417,364|137,993
(140,039)|1,407,398
502,654| |Restricted funds||1,494,734|417,364|(2,046)|1,910,052| |UK
Burkina Faso
Cameroon
Chad||4,299
2,954
51|1,636||1,636
4,299
2,954
51| |Ethopia||56|||56| |Nigeria
Kenya
Sudan
Pioneers Europe
Sundry
Uganda
USA||12,154
812
5,673
41,810
13,927
723|10,704
(2,858)
(11,101)
1,153
1,572|2,046|22,858
5,673
30,709
15,080
1,572
723| |Nepal
Egypt||1,522
'880|36,778||38,300
880| |Kosovo
Bosnia||2,603
162|(1,809)||794
162| |Endowment
funds||87,626|36,075|2,046|125,747| |The Simmonds
The Sidmouth|bequest
bequest|2,595
55,776|346
8,986||2,941
64,762| |||58,371|9,332||67,703| |TOTAL FUNDS||1,640,731|462,771||2,103,502| ## ## ## |Comparative
|net movement
in funds,
included
in|the above are|as follows||| |---|---|---|---|---|---| |||Incoming|Resources|Gains and|Movement| |||resources
6|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
Kenya
Pioneers Europe
Sundry
Uganda
Nepal
Kosovo||18,391
1,153
6,358
41,778|(7,687)
(2,858)
(11,101)
(4,786)
(5,000)
(1,809)||10,704
(2,858)
(11,101)
1,153
1,572
36,778
(1,809)| |||105,478|(69,403)||36,075| |Endowmentfunds|||||| |The Simmonds
The Sidmouth|bequest
bequest|||346
8,985|346
8,986| |||||9,331|9,332| |TOTAL FUNDS||1,842,196|(1,491,490)|112,065|462,771| |DETAILS OF|FUNDS HELD BYTHE CHARITY||||| ## ## ## ## ## ## ## ## ## ## |Action Partners
Corporation|2022|2022|2022|2021| |---|---|---|---|---| ||Unrestricted|Restricted|Total|Total| ||5||5|5| |Incoming resources||||| |Expended resources||||| |Net incoming
resources for the year||||| |Total funds brought
forward||||| |Total funds carried forward|||||