2022-12-31-accounts - Arab World Ministries

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			PAGE
Report of	the Trustees		3-8
Report of	the Independent	Auditor	9-12
Statement	of Financial Activities		13
Balance Sheet
Statement	ofCashflows		13
Notes to the Account			16-22

Mr P Elam
Mr K Butler
Rev Dr I D Farley
Mr M SHyde
Miss E Maggs
Mr A Mateer
Ms D Petrie
Mr JSedrak
Mrs H Tiptaft

						2022	2022	2022	2021	2021	2021
						Unrestncted	Restricted		Unresvibmed	Restncted
Reference	Notes					Funds	Funds	Total	Funds	Funds	Total
	Income and endowments				from:
	Donations and legacies					362,785	1,760,367	2,123.152	463,262	1,828,964	2,292,226
	Investments					40,045	1.401	41,446	37,116	1.401	38,517
20	Other					19,225	0		0	18,420	18,420
	Trading Activities					7,529		7.529	2.827		2,827
	Total					429,584	1.761.768	2,191,352	503,205	1.848,785	2,351,990
	Expenditure on:
	Raising funds					108,728	0	108,728	92,953	0	92,953
	Charitable actwities					720,403	1,673,672	2.394,075	712,176	1,377,759	2,089,935
	Governance costs					10,062	0	10.062	7,949	0	7,949
	Total					839,193	1,673,672	2,512,865	813.078	1,377,759	2,190,837
	Net income/(expenditure)					(409,609)	88.096	(321,513)	(309,873)	471,026	161,153
	Transfers between	funds				177,783	(177,783)	0	167,683	(167,683)	0
	Other recognised	gains		/	(losses)i
	Gain / (loss) on investment				assets	(164,542)	(8,817)	(173,359)	165,071	(3,105)	161.966
	Net movement in	funds				(396,368)	(98,504)	(494,872)	22,881	300,238	323,119
19	Exceptional costs					0	0	0	(110.537)	0	(110.537)
	Net income/(expenditure)					(396,368)	(98,504)	(494.872)	(87,656)	300,238	212,582
	TOTAL FUNDS brought		forward			1,844,197	1,134.712	2,978.909	1,931,853	834.474	2,766,327
	TOTAL FUNDS carried		forward			1,447,829	1.036.208	2,484,037	1,844,197	1,134.712	2,978,909

						2022	2022	2021
						6	6
	Fixed Assets						471,020	493,354
10	Investments						1,256,367	1,429,726
							1,727,387	1,923,080
	Current amets
	Bank 8 Building Sooety balances					767,946		1,371,162
	Cash goats	- Area representatives				550		550
	Stock					5,786		5,865
	Other Debtors &Prepayments					33,550		84,419
						807,832		1,411,996
12	Creditors: Amounts		falling	due within	one year	(51,182)		(356,167)
	Net Current	Assets					756,650	1,055,829
	Total Assets	less Current		Liabilities			2,484,037	2,978,909
13	Creditors: Amounts		falling	due after	one year		0	0
14	Net Assets						2,484,037	2,978,909
	Unrestricted	Funds
	Unrestricted	Funds					1,204,595	1,596,550
15	Designated	Funds					243,234	247,647
							1,447,829	1,844,197
15	Restricted Funds						1,036,208	1,134,712
							2,484,037	2.978,909

				2022	2022	2022	202 I	202(	2021
				Unrestrieaed	Restncted		Unrestncted	Restncted
				Funds	Funds	Total	Funds	Funds	Total
Cash flows from operating	activities
Net cosh pravided by fused in) operabng		acuvities		(448,724)	(144,951)	(593,675)	(62,9D2)	332,814	269,912
Cash flows from investing activities
Diwdends and interest from investmenm				40,045	1,401	41,446	37,116	1,401	38,517
Proceeds 6om sale of property,	less	expenses							0
Pur«hase ofequipment				(986)		(986)	(5,423)		(5,423)
Proceeds from sale of investmenm				0		0	400,000		400,000
Purchase ofinvestments								(400,000)	(400,000)
Net cosh provided by fused rn) operating		activiues		39,D59	1,401	40,460	431,693	(398,599)	33,094
Cash flows from financing activities
Repaymenm of borrowing
Cash(lowe from new borrowing
Receipt ofendowment
Net cash provided by (usrd in) finoncing		activmes					0	0	0
Change rn cash and cash equivalents in		the	yeor	(409,665)	(143,550)	(553,215)	368,791	(65,785)	303,006
Cash and cash equivalents atthe	beginning		ofthe year	577,279	744,432	1,321,711	208,488	810,217	1,018,705
Cash and cash equivalents at the	end of(he		year	167,614	600,882	768,496	577,279	744,432	1,321,711
RECONCILIATION OF NET			INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
Net income/(expendxure) for the	year -	normal		(396,368i	(98,504)	(494,872)	22,881	300,238	323,119
- Exceptional				0		0	(110,537)		i110,537)
Adiustments for:
Depreoation charges				23,320		23,320	22,817		22,817
(Gains)/losses on investments				164,542	8,817	173,359	(165,071)	3,105	(161,966)
Dividends, interest and rents from investments				(40,045)	(1,401)	(41,446)	(37,116)	(1,401)	(38,517)
toss/(proat) on the sale offixed amets				0	0	0	0	0	0
(Increase)/decrease in stocks				79		79	(1,724)		(1,724)
(Increase)/decreasein debtors				57,674	(6,806)	50,868	(53,397)	6,250	(47,147)
increase/(decrease)in creditors				(257,926)	(47,057)	(304,983)	259,245	24,622	283,867
Net cash provided by (used in) operating		activities		(448,724)	i 144,951)	(593,675)	(62,902)	332,814	269,912
			ANALYSIS	OF CASH AND	CASH E(2UIYALENTS
Bank balances				167,064	600,882	767,946	576,729	744,432	1,321,161
Cash floats				550		550	550		550
fata(cash and cash equivalents				167,614	600,882	768,496	577,279	744,432	1,321,711

			Unresu icted	Restricted
			Funds	Funds	Total	2021
2	Donations	and Legacies
	Gifts &Donations		340,763	1.760,367	2,101.130	2.157.724
	Leaaaes		22,022	0	22,022	134,502
			362,785	1.760,367	2,123.152	2,292,226

Investment Income
Interest Received			40,045	1,401	41,446	38,517
			40.045	1.401	41,446	38,517
Cost ofRaising Funds
Staffcosts			83,669		83.669	73,520
Publicity 8 Promotion			134		134	100
Office Costs			13.885		13,885	11,716
Propercy Costs			3.013		3,013	2,399
Motor &Travel			1.884		1,884	713
Other Expenses			2,552		2,552	991
Depreciation			3,591		3,591	3,514
			108,728	0	108,728	92,953
Charitable Activities
Ministry Costs
Support & Allowances			219,444	1,347,933	1,567,377	1,453,263
Proiect expenditure			0	325,739	325.739	216,453
Office costs			4,810	0	4.810	2,882
Property 8 accommodation		costs	4,935	0	4,935	547
Publicity &Promotion			15.962	0	15,962	17,978
Motor &travel			17,208	0	17,208	3,179
Other expenses			2,289	0	2,289
Depreaauon			0	0	0	0
Office &Administrative	expenses
Staff coscs			283,842		283,842	265,190
Oflice Coscs			107,598		107.598	85,733
Property Coscs			17,020		17,020	13.526
Publicity &Promotion			4,649		4,649	2.726
Mocor &Travel			8,065		8,065	2,368
Other Expenses			14,852		14,852	5,676
Depreceuon			19,729		19,729	19,303
			720,403	1,673,672	2,394,075	2,089,935

		Unrestricted	Restricmd
		Funds	Funds		Total	2021
						E
Governance	Costs
Audit		8,298		0	8,298	7,482
Trustees' expenses		1,764		0	1.764	467
		10,062		0	10,062	7,949

Net Income Sefore Transfers	Net Income Sefore Transfers	Net Income Sefore Transfers				2022	2021
The net incommg resources before transfers are				after charging:			E
Depreciation ofmnffble lixed assets						23,320	22,817
Auditors'	remunerauon					8.298	7,482
Directors'	remuneration	( in«luding	Employer's	Nl ) (note 16)		60,756	57,483
Staff costs	(note 8)					437,445	413,648
Staff Costs	(including	directors)				2022	2021
Salaries						416,479	396,325
Employers	National insurance					38,803	34,704
Pension Contribuuons						42,919	40,	102
						498,201	471,	131
The average	number ofstaff (including		directors)	employed	by the charity dunng	the year was as follows:
						2022	2021
Mission 8	Support
Management 8 Administraoon
External Reiauonships		8 fundraising
						17		16

	Fixed Assets
						Freehold			Fixtures	II	Computer	Total
						Properues			Fiuings		Equipment
						6					6
	CostiYaluation
	As at 1.1.22						482,383		22,530		57.215	562,	128
	Additions									555	431		986
	Disposals												0
	As at 31.12.22						482,383		23,085		57,646	563,114
	Accumulated depreciation
	As at 1.1.22							19.296	12,969		36,509	68.774
	Charge for che year							9,648		1,900	11,772	23,320
	Depreciation on disposals							0					0
	As at 31.12.22							28,944	14,869		48,281	92,094
	Net book value
	As at 1.1.22						463,087			9,561	20,706	493,354
	As at 31.12.22						453,439			8,215	9,365	471,020
	All ofthe above assets are used		to further		the Charity's obiects.
	Capital commitments	at the end		ofthe year were End (2021:nil				).
	In 2019the company	purchased		a (reehold	office building for its		own use, ac		acost of	6432,780,
	and incurred funher	costs in 2020 before			occupying	it as its new		headquarters.
	Investments
	Investments are held	pnmanly	to provide		an investment return for the charny.
	The market value ofthe ponfolio			is determined by		reference to		investment	managers'	reports.
I	Portfolio Summary								Unrestncted		Restricted	2022		2021
									Funds		Funds
	Market Value at 1.1.21								986,841		442,885	1,429,726		1,267.760
	Purchases and Sales										0		0	0
	Gain / (Loss) on revaluation								(164.542)		(8,817)	(173,359)		161,966
	Market value at 31.12.21								822,299		434,068	1,256,367		1.429,726

Stock			2022	2021
				f.
Lnerature	stock for resale		5,786	5,865
Creditors:	Amounts	falling due within one year
Transmissions			10.467	11,867
Salanes 8	Wages Creditors		5,746	16.260
Accruals			10,330	8,209
Credmsrs			22.229	305,131
Workers'	Pension	Funds	2,410	14.700
			51,182	356,167
Creditors:	Amounts	falling due after one year
Others

Analysis ofNet Assets Between Funds	Unrestncted	Restricted	Total	Total
	Funds	Funds	2022	2021
Fixed Assets	471,020	0	471.020	493,354
Investments	822.299	434,068	1,256,367	1,429,726
Current Assets	192.814	615,018	807,832	1,411,996
Current Isabgitms	(38,304)	(12,878)	(51,182)	(356,167)
Long Term Liabilities	0	0	0	0
Net Assets	1,447,829	1,036,208	2.484.037	2,978,909

Analysis ofFunds	Analysis ofFunds	Analysis ofFunds		Balance			Transfers I	Balance
				1.1.2022	Inmme	Expenditure	Adjustment	31.12.2022
							6	6
Restricted Funds
Pruecu
Education I Humanitanan				196,519	83,414	(134,511)	(7,961)	137,461
Media				1.855	37,135	(3 1,349)	(3,740)	3,901
Nauonal Workers				51,557	156,211	(141,445)	(13,695)	52,628
Other I Rakef				35,852	14,139	(13,384)	(321)	36,286
UK Projecrs				8,108	5,995	(5,050)	(547)	8,506
				293,891	296,894	(325.739)	(26.264)	238,782
Non UK				59,577	36,526	(40,407)	(2.187)	53,509
UK				781.244	1.419,531	(1,307526)	(149.332)	743917
				840.821	1,456057	(1,347,933)	(151,519)	797,426
Total Restricted		Funds		1.134.712	1,752,951	(1.673.672)	(177,783)	1,036,208
Designated Funds
Medical Fund				20,604	0	(43,919)	47,353	24,038
UK Ministries				8,604	1,063	0	(8,910)	757
UK House of Refuge				0			0	0
ODFC Donanon		Fund		20,000			0	20,000
Arab Workers				83,838			0	83,838
Regional Expansion			Funds	114,601			0	114,601
Total Designated			Funds	247,647	1,063	(43,919)	38,443	243,234
Generalfunds
General Fund				1,596,550	263,979	(795,274)	139.340	1.204,595
Total General	Funds			1,596,550	263.979	(795,274)	139.340	1,204.595
Overall Total	Funds			2,978,909	2.017.993	(2,512,865)	0	2,484.037
				Balance				Balance
Prior Year				1.1.2021	Income	Expendicure	Transfers	31.12.2021
						6	6	6
Total Restncmd	Funds			834,474	1,845,680	(1,377,759)	(167,683)	1,134712
Total Desgnated		Funds		119,450	2,239	(115,576)	241,534	247,647
Total General Funds				1,812,403	666,037	(808,039)	(73,851)	1,596,550
Overall Total	Funds			2,766.327	2,513,956	(2,301.374)	0	2,978,909

transactions with the n ustees which require s	eparate disclosure within the financial statements.
		2022	2021
Mr P Elam jfrom 7th March, 2020)	Salary, inc Emp Nl	54,558	51,528
	Pension Contnbution	6.198	5,955
Total		60.756	57,483

Dunng 2022.the Charity	paid 61766 under operating	leases ofequipment.
As at 31 December 2022,	the Charity was committed	to fucure non~ncegable	operating leases payments	as follows:
Payable within I year			6,509
Payable in 2to 5years			7,411
Payable later			232
			14,152