REGISTERED CHARITY NUMBER: 1051780
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 APRIL 2021
FOR
GOVERNANCE MINISTRIES CHARITY
Higson APS Limited 45 Queen Street Deal Kent CT14 6EY
GOVERNANCE MINISTRIES CHARITY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 APRIL 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Cash Flow Statement | 7 | ||
| Notes to the Cash Flow Statement | 8 | ||
| Notes to the Financial Statements | 9 | to | 16 |
| Detailed Statement of Financial Activities | 17 | to | 18 |
GOVERNANCE MINISTRIES CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 4 APRIL 2021
The trustees present their report with the financial statements of the charity for the year ended 4 April 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Significant activities and future plans
During the year to 2021 Governance Ministries continued to broadcast simultaneously the channel TBN UK on Terrestrial Freeview Channel 65 and on Satellite Sky Channel 582.
TBN UK continues to put the gospel of Jesus Christ behind the front door of more than 95% of the approximate 29 million homes in the United Kingdom and 2m homes in Ireland.
The impact of TBNUK also continues to grow through Digital Media including on line through watch.tbn.uk and is viewed around the world.
In August 2021, people from 130 countries visited www.TBNUK.org, 75% of which were new visitors. In addition Facebook, Instagram, and Twitter followers numbered 31,500, and YouTube.com/tbnuktv recorded 45,334 views.
The TBNUK management and leadership team continue to focus on generating business income through airtime sales to programmers, advertisers and sponsors, while tightly managing broadcasting costs, and in such a way we can build the TV business activity of engaging with increasing numbers of viewers on Freeview, Satellite and Digital Media.
It is quality programming with viewer engagement through encouragement, support, prayer and the Word of God, while teaching and training them in life based on biblical truth, that continues to attract viewers to TBNUK. In turn we expect normal TV advertising and sponsorship sales to increase as we attract more viewers to TBN UK.
Public benefit
Governance Ministries furthers its primary objects by promoting the Gospel of Jesus Christ and extending the Christian faith through the channel, TBN UK, broadcasting 24/7 to the United Kingdom. The schedule content advances the education of the public by teaching and encouraging the adoption of Biblical principles and ethics and is supported by Radio, Web Site, watch.tbn.uk streaming on demand, Facebook, Twitter, Instagram, YouTube.Com/tbnuktv and Telephone support including Prayer lines.
Grantmaking
The Charity does not have any formal grant making policies.
Page 1
GOVERNANCE MINISTRIES CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 4 APRIL 2021
FINANCIAL REVIEW
Principal funding sources and review of expenditure
The principle sources of income in the year were "air time sales" to other ministries whose programmes on TBN UK advances the christian religion by promoting the Gospel of Jesus Christ. In addition, advertisments and sponsorship sales were secured. TV viewers also decide to make gifts and donations.
Governance Ministries have been doing this for a number of years and all systems and processes are working well.
The trustees continue to tightly manage the expenditure process. Trustees approve every payment schedule by email, first knowing how much is in the bank account before and after they go to approve the schedule of payments. We advance the Christian religion by promoting the gospel of Jesus Christ to millions of homes in the UK and Europe through the business activity of a broadcast TV channel, buying airtime on Digital Terrestrial Platform (Freeview) and Satellite Platform (Astra) seen through Sky electronic programme guide..
Programme production costs continue to bring more UK and European produced content to the TBNUK schedule.
Programme production is going to be an increasing area of expenditure in coming years. However the Trustees are pleased to report that 50% of the programmes in the TBN UK schedule are produced within the UK and Europe and already comply with Ofcom's requirements.
Reserves policy
Governance Ministries operates a Reserves Policy which is a designated figure for the sole purpose of supporting essential staff and building operations in the event of unforeseen difficulties.
The monies for the Reserves Policy have been built up from surplus income and are not grant funded or restricted.
The Trustees have agreed a reserves policy that requires reserves be maintained at a level which ensures that Governance Ministries core activity could continue during a period of unforeseen difficulty.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The object of the Trust is to advance the Christian faith by the proclamation and forbearance of the Gospel of God concerning His Son Jesus Christ our Lord and the preaching and teaching of the Word of God in the United Kingdom and Europe and such other places decided upon by the trustees consistent with the Doctrine and Articles of Belief set forth in the trust deed. We primarily achieve this through the business of broadcasting on Freeview, Sky and on Digital Media.
Recruitment and appointment of new trustees
There shall be at least three Trustees. Every future trustee shall be appointed by a resolution of the Trustees passed at a special meeting called under Clause 11.
In selecting persons to be appointed as Trustees, the Trustees shall take into account the benefits of appointing a person who is able by virtue of his or her personal or professional qualifications to make a contribution to the pursuit of the objects or the management of the Charity
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GOVERNANCE MINISTRIES CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 4 APRIL 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
Governance Ministries has registered the Working Names of TBN Europe, ( TV Channel ) TBN UK, ( TV Channel ) , Workplace Ministers ( Promoting and Establishing Workplace or Marketplace Church's across cities, Seminars, Teaching Materials, one to one mentoring ), Living Seeds ( Training and Business School Established in Sierra Leone ), and One Palm Outreach Mission to Nepal ( Establishing Workplace Church in Nepal ).
Millions of people are reached and their needs ministered to with thousands making contact to tell us.
Trinity Broadcasting Network headquartered in California, USA is a visionary partner with Governance Ministries. Both organisations primary object is to advance the Christian Religion by the promotion of the Gospel of Jesus Christ and one area of co-operating is the securing and sustaining satellite and terrestrial airtime platforms. We are completely separate legal entities but we cooperate to achieve a mutual vision. Unity in the body of Christ is a key pursuit of Governance Ministries.
Induction and training of new trustees
The induction and training of trustees involves
-
Making Trustees aware of all Current Charity Commission Guidance sheets for Trustees and the best practice they should follow to carry out the role of trustee
-
Give each trustee a copy of the Governance Ministries trust deed and articles of belief and a number of historic Board Meeting Minutes to give some historical context.
-
Walk Trustees through the authorising/ approving of weekly/monthly schedules of expenditure, and how to contact the finance manager if they have queries or require more information.
-
R.A. Fleming as founder and senior trustee teaching them every aspect of the Charities business, their existing strategy and opportunities to improve, including visiting representative stakeholders in the Charity
Related parties
The Charity pays Mr Richard Fleming (Trustee) a fee (on presentation of invoice) for consultancy services. This is in agreement with the Supplementary Deed to the Trust Deed dated 30 November 2006 and article 20b of the Trust Deed.
The Charity also pays rent on its offices to Voluntary Sector Centres (Charity number 1105259) to the value of £118,000 (2020 - £118,000) per annum, Voluntary Sector Centres has Trustees in Common with Governance Ministries.
Mr R Fleming is empowered by the Trustees to act as Chief Executive Officer and is responsible for the day to day management of the charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1051780
Principal address
226 Church Road Willesden London NW10 9NR
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GOVERNANCE MINISTRIES CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 4 APRIL 2021
Trustees
R A Fleming S D Mallison-Jones N Marsh Ms M Tuccillo Mrs P Seward M R Anuwe
Approved by order of the board of trustees on 9 November 2021 and signed on its behalf by:
R A Fleming - Trustee
Page 4
GOVERNANCE MINISTRIES CHARITY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 4 APRIL 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 5 Programme production Other operating activities 3 Investment income 4 Total EXPENDITURE ON Charitable activities 6 Donations Programme production Support Costs Events Life Campus Living Seeds Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2021 Unrestricted fund £ 1,660,656 97,698 5,673,492 7,741 7,439,587 274,191 5,264,752 547,416 - 2,169 966 6,089,494 1,350,093 4,800,152 6,150,245 |
2020 Total funds £ 1,854,061 17,544 7,563,199 1,630 9,436,434 323,082 7,477,908 619,735 9,297 74 3,673 8,433,769 1,002,665 3,797,487 4,800,152 |
|---|---|---|
The notes form part of these financial statements
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GOVERNANCE MINISTRIES CHARITY
BALANCE SHEET 4 APRIL 2021
| Notes FIXED ASSETS Tangible assets 11 Investments 12 CURRENT ASSETS Debtors 13 Cash at bank and in hand CREDITORS Amounts falling due within one year 14 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 16 Unrestricted funds TOTAL FUNDS |
2021 Unrestricted fund £ 75,115 1,182,000 1,257,115 2,894,950 2,523,396 5,418,346 (525,216) 4,893,130 6,150,245 6,150,245 6,150,245 6,150,245 |
2020 Total funds £ 87,070 1,182,000 1,269,070 1,935,970 1,961,595 3,897,565 (366,483) 3,531,082 4,800,152 4,800,152 4,800,152 4,800,152 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 9 November 2021 and were signed on its behalf by:
R A Fleming - Trustee
N Marsh - Trustee
The notes form part of these financial statements
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GOVERNANCE MINISTRIES CHARITY
CASH FLOW STATEMENT FOR THE YEAR ENDED 4 APRIL 2021
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Interest received Net cash used in investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2021 £ 579,832 579,832 (18,127) 96 (18,031) 561,801 1,961,595 2,523,396 |
2020 £ 113,057 113,057 (25,931) 1,630 (24,301) 88,756 1,872,839 1,961,595 |
|---|---|---|
The notes form part of these financial statements
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GOVERNANCE MINISTRIES CHARITY
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 4 APRIL 2021
| 1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM | OPERATING ACTIVITIES | OPERATING ACTIVITIES |
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Net income for the reporting period (as per the Statement of Financial | |||
| Activities) | 1,350,093 | 1,002,665 | |
| Adjustments for: | |||
| Depreciation charges | 30,083 | 31,448 | |
| Interest received | (96) | (1,630) | |
| Increase in debtors | (958,981) | (283,284) | |
| Increase/(decrease) in creditors | 158,733 | (636,142) | |
| Net cash provided by operations | 579,832 | 113,057 |
2.
ANALYSIS OF CHANGES IN NET FUNDS
| Net cash Cash at bank and in hand Total |
At 5.4.20 £ 1,961,595 1,961,595 1,961,595 |
Cash flow £ 561,801 561,801 561,801 |
At 4.4.21 £ 2,523,396 2,523,396 2,523,396 |
|---|---|---|---|
The notes form part of these financial statements
Page 8
GOVERNANCE MINISTRIES CHARITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 APRIL 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Allocation and apportionment of costs
Costs have been allocated as deemed appropriate by the Trustee's.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Programme Costs - 33% on cost Furniture & Equipment - 25% on reducing balance Computer & Sound Equipment - 33% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
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GOVERNANCE MINISTRIES CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 4 APRIL 2021
2. DONATIONS AND LEGACIES
| Donations, gifts & offerings Grants Grants received, included in the above, are as follows: Job Retention Scheme 3. OTHER OPERATING ACTIVITIES Voluntary income contribution to meet operating commitments Broadcast airtime sales Programme sponsorship Airtime spots & advertising sales 4. INVESTMENT INCOME Rents received Deposit account interest |
2021 £ 1,646,434 14,222 1,660,656 2021 £ 14,222 2021 £ 3,155,200 2,084,069 211,950 222,273 5,673,492 2021 £ 7,645 96 7,741 |
2020 £ 1,854,061 - 1,854,061 2020 £ - 2020 £ 5,216,876 1,821,338 364,000 160,985 7,563,199 2020 £ - 1,630 1,630 |
|---|---|---|
continued...
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GOVERNANCE MINISTRIES CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 4 APRIL 2021
5. INCOME FROM CHARITABLE ACTIVITIES
----- Start of picture text -----
|||||
|---|---|---|---|
|2021|2020|
|Activity|£|£|
|Recharged expenses|Programme production|97,698|17,544|
----- End of picture text -----
6. CHARITABLE ACTIVITIES COSTS
----- Start of picture text -----
|||||
|---|---|---|---|
|Support|
|Direct|costs (see|
|Costs|note 7)|Totals|
|£|£|£|
|Donations|274,191|-|274,191|
|-|
|Programme production|5,264,752|5,264,752|
|-|
|Support Costs|547,416|547,416|
|-|
|Life Campus|2,169|2,169|
|Living Seeds|966|-|966|
|5,542,078|547,416|6,089,494|
----- End of picture text -----
7. SUPPORT COSTS
----- Start of picture text -----
|||||
|---|---|---|---|
|Governance|
|Management|costs|Totals|
|£|£|£|
|Support Costs|281,959|265,457|547,416|
----- End of picture text -----
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 4 April 2021 nor for the year ended 4 April 2020.
Mr R Fleming received payment during the year for consultancy services invoiced as permitted by the Trust Deed and subsequent Supplemental Deed. The annual cost for these services was £90,000, (2020 - £90,000) net of VAT, invoiced monthly.
Trustees' expenses
During the year, Trustee's Indemnity Insurance costing £4,269 (2020 - £3,881) was purchased.
In addition, trustee travel expenses totalling £3,640 (2020 - £15,555) were incurred in the year, in the main to cover travel to Sierra Leone where the Charity is an ongoing supporter of a project there.
continued...
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GOVERNANCE MINISTRIES CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 4 APRIL 2021
9. STAFF COSTS
| Wages and salaries Other pension costs The average monthly number of employees during the year was as follows: Programme Administration & Finance Donor Management No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Programme production Other operating activities Investment income Total EXPENDITURE ON Charitable activities Donations Programme production Support Costs Events Life Campus Living Seeds Total NET INCOME |
2021 £ 482,225 8,059 490,284 2021 4 1 5 10 |
2020 £ 521,099 - 521,099 2020 3 1 7 11 Unrestricted fund £ 1,854,061 17,544 7,563,199 1,630 9,436,434 323,082 7,477,908 619,735 9,297 74 3,673 8,433,769 1,002,665 |
|
|---|---|---|---|
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
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GOVERNANCE MINISTRIES CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 4 APRIL 2021
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 3,797,487 4,800,152 |
|---|---|
11. TANGIBLE FIXED ASSETS
| Programme Furniture Costs & Equipment £ £ COST At 5 April 2020 182,608 44,557 Additions - 14,042 At 4 April 2021 182,608 58,599 DEPRECIATION At 5 April 2020 182,608 30,433 Charge for year - 5,098 At 4 April 2021 182,608 35,531 NET BOOK VALUE At 4 April 2021 - 23,068 At 4 April 2020 - 14,124 |
Computer & Sound Equipment £ 202,917 4,085 207,002 129,971 24,984 154,955 52,047 72,946 |
Totals £ 430,082 18,127 448,209 343,012 30,082 373,094 75,115 87,070 |
|---|---|---|
12. FIXED ASSET INVESTMENTS
During 2019, an investment of £1,000,000 was made in Ori International LLC, a company incorporated in the US, Company number 6699890. This is a startup video on demand Christian media platform .
Whilst this platform is not yet up and running, the Trustees are of the opinion that there is no impairment in respect of this investment at the balance sheet or sign off date.
continued...
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GOVERNANCE MINISTRIES CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 4 APRIL 2021
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Trade debtors | 163,633 | 155,179 |
| Accrued income | 278,724 | 24,116 |
| Other debtors | 205,548 | 163,254 |
| VAT | 2,182,893 | 1,545,321 |
| Prepayments | 64,152 | 48,100 |
| 2,894,950 | 1,935,970 |
Included in debtors is a withheld VAT refund totalling £2,172,298 (2019 - £1,545,321)
HMRC currently have an open enquiry into the recoverablity of input VAT on some elements of the Charity's operations.
The Trustees believe, having taken considerable legal and professional advice, that the VAT is recoverable in full and do not believe that a provision against the debtor is required.
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Taxation and social security Other creditors |
2021 £ 503,035 7,024 15,157 525,216 |
2020 £ 344,497 6,393 15,593 366,483 |
|---|---|---|
15. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| Between one and five years In more than five years |
2021 £ 130,000 3,000,000 3,130,000 |
2020 £ 130,000 2,500,000 2,630,000 |
|---|---|---|
The Charity has a contract with a provider of the distribution platform for Freeview costing £250,000 net per month, running until 31 January 2027. This is guaranteed by TCCSA, a US based Charity that has shared beliefs and values.
The Charity leases studio space from Voluntary Sector Centres, a charity with Trustees in common, at open market value.
continued...
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GOVERNANCE MINISTRIES CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 4 APRIL 2021
16. MOVEMENT IN FUNDS
| At 5.4.20 £ Unrestricted funds General fund 4,800,152 TOTAL FUNDS 4,800,152 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 7,439,587 TOTAL FUNDS 7,439,587 Comparatives for movement in funds At 5.4.19 £ Unrestricted funds General fund 3,797,487 TOTAL FUNDS 3,797,487 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 9,436,434 TOTAL FUNDS 9,436,434 |
Net movement in funds £ 1,350,093 1,350,093 Resources expended £ (6,089,494) (6,089,494) Net movement in funds £ 1,002,665 1,002,665 Resources expended £ (8,433,769) (8,433,769) |
At 4.4.21 £ 6,150,245 6,150,245 Movement in funds £ 1,350,093 1,350,093 At 4.4.20 £ 4,800,152 4,800,152 Movement in funds £ 1,002,665 1,002,665 |
|---|---|---|
continued...
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GOVERNANCE MINISTRIES CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 4 APRIL 2021
16. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 5.4.19 £ 3,797,487 3,797,487 |
Net movement in funds £ 2,352,758 2,352,758 |
At 4.4.21 £ 6,150,245 6,150,245 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming Resources resources expended £ £ 16,876,021 (14,523,263) 16,876,021 (14,523,263) |
Movement in funds £ 2,352,758 2,352,758 |
|---|---|---|
17. RELATED PARTY DISCLOSURES
Related party transactions are as described in the Trustee's Report.
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GOVERNANCE MINISTRIES CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 4 APRIL 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations, gifts & offerings Grants Other operating activities Voluntary income contribution to meet operating commitments Broadcast airtime sales Programme sponsorship Airtime spots & advertising sales Investment income Rents received Deposit account interest Charitable activities Recharged expenses Total incoming resources EXPENDITURE Charitable activities Wages Pensions Rent of studios Licence & EPG costs Technical equip & support Donations Programme costs Events Freeview / Globecast airtime Fundraising expenses Life Campus project costs Living Seeds project costs |
2021 £ 1,646,434 14,222 1,660,656 3,155,200 2,084,069 211,950 222,273 5,673,492 7,645 96 7,741 97,698 7,439,587 384,862 8,059 120,500 411,545 6,242 122,095 1,864,476 - 2,599,044 22,120 2,169 966 5,542,078 |
2020 £ 1,854,061 - 1,854,061 5,216,876 1,821,338 364,000 160,985 7,563,199 - 1,630 1,630 17,544 9,436,434 415,360 - 118,000 423,833 105,711 54,893 1,851,993 9,297 4,799,380 31,820 74 3,673 7,814,034 |
|---|---|---|
This page does not form part of the statutory financial statements
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GOVERNANCE MINISTRIES CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 4 APRIL 2021
| Support costs Management Equipment hire Office rent Insurance Telephone Postage and stationery Advertising IT & software Training Travel & subsistence Repairs & renewals Depreciation of furniture & equipment Depreciation of computer & technical equipment Governance costs Wages Auditors' remuneration Management recharge Legal & professional fees Finance & sundry charges Total resources expended Net income |
2021 £ 1,320 12,240 9,412 13,925 107,661 83,957 5,779 - 5,183 12,399 5,098 24,985 281,959 97,363 8,335 90,000 52,519 17,240 265,457 6,089,494 1,350,093 |
2020 £ 1,633 12,000 9,996 7,121 122,474 39,428 9,332 6,917 45,435 43,443 4,708 26,740 329,227 105,739 5,865 90,000 68,831 20,073 290,508 8,433,769 1,002,665 |
|---|---|---|
This page does not form part of the statutory financial statements
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