| Page | |||||
|---|---|---|---|---|---|
| Directors | and | company | information | ||
| Report of | the | directors | |||
| Report of | the | independent | examiner | ||
| Statement | offinancial | activities | |||
| Balance sheet | 12 | ||||
| Cash flow | statement | 13 | |||
| Notes forming | part ofthe | financial statements | 14 |
| NON-EXECUTIVE DIRECTORS | NON-EXECUTIVE DIRECTORS | NON-EXECUTIVE DIRECTORS | |||||
|---|---|---|---|---|---|---|---|
| Charles Glass | |||||||
| Robert Gwynn | |||||||
| Geoff Knott | |||||||
| Scott Marques | (appointed | 14'"December 2022) | |||||
| Richard Wightman | (appointed | 14'"December 2022) | |||||
| EXECUTIVE DIRECTORS | |||||||
| David Holden | |||||||
| Stephen Tibbert |
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| NEWFRONTIERS TOGETHER TEAM | |||||||
| Stephen Tibbert |
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| Andrey Bondarenko |
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| Edward Buria |
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| David Devenish | |||||||
| David Holden | |||||||
| Scott Marques | |||||||
| Bryan Mowrey | |||||||
| Richard Wightman | |||||||
| PRINCIPAL ADDRESS | King's Church | London | |||||
| 21 Meadowcourt | Road | ||||||
| Lee | |||||||
| London SE39DU |
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| BANKERS | National Westminster |
Bank pic | |||||
| PO Box2406 | |||||||
| Hove BN3 2BS |
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| SOLICITORS | Wellers Law Group | ||||||
| 65 Leadenhall | Street | ||||||
| London EC3A |
2AD | ||||||
| INDEPENDENT | EXAMINER | David Hoose, FCA | |||||
| Mazars LLP | |||||||
| 30 Old Bailey | |||||||
| London EC4M | 7AU | ||||||
| REGISTERED | CHARITY NUMBER | 1060001 | |||||
| REG ISTERED | COMPANY | NUM BER | 03298732 | ||||
| WEBSITE | www. newfrontiersto | ether. or |
| NCLUDIN | G IN |
COM | AND EXPE | NDI | TURE AC | COUNT | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||||
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||||||
| Note | Funds | Funds | Funds | Funds | |||||||
| f.'000 | E'000 | f.'000 | f'000 | F'000 | 6'000 | ||||||
| Income | |||||||||||
| Donations | 134 | 1 | 135 | 102 | 50 | 152 | |||||
| Investments | 1 | 1 | |||||||||
| Charitable activities: |
|||||||||||
| Conferences and |
training | 72 | 72 | ||||||||
| Trading activities |
2 | ||||||||||
| Total income | 209 | 1 | 210 | 108 | 50 | 158 | |||||
| Expenditure | on charitable | activities: | |||||||||
| Apostolic | ministry | based | in the UK | 57 | 1 | 55 | 70 | 50 | 120 | ||
| Conferences and |
training | 120 | 120 | ||||||||
| Apostolic | ministry | based | outside the UK | 15 | 15 | 10 | 10 | ||||
| Total expenditure | 192 | 1 | 193 | 88 | 50 | 138 | |||||
| Movement | in total | funds | for the year | ||||||||
| Net income | (expenditure) | forthe year | 17 | 17 | 20 | 20 | |||||
| Total funds | brought | forward | 216 | 216 | 196 | 196 | |||||
| Total funds | carried | forward | 7,8 | 233 | 233 | 216 | 216 |
| Note | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|
| E'000 | E'000 | K'000 | K'000 | ||||
| Current assets | |||||||
| Debtors | 2 | 2 | |||||
| Cash at bank | 272 | 249 | |||||
| 274 | 251 | ||||||
| Liabilities | |||||||
| Creditors: amounts | falling due | ||||||
| within one year | 41 | 35 | |||||
| Net current assets | 233 | 216 | |||||
| Net assets | 233 | 216 | |||||
| Representing: | |||||||
| Unrestricted funds |
|||||||
| Free funds | 230 | 213 | |||||
| Designated | funds | 3 | 3 | ||||
| 233 | 216 | ||||||
| Restricted funds | |||||||
| Total funds | 233 | 216 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| E'000 | f.'000 | |||||
| Cash flows from operating | activities: | |||||
| Net cash generated from |
operating | activities | 23 | 40 | ||
| Increase in cash in the |
year | 23 | 40 | |||
| Cash at 1 January 2022 | 249 | 209 | ||||
| Cash at 31 December 2022 | 272 | 249 | ||||
| RECONCILIATION | OF | NET | MOVEMENT OF FUNDS TO | |||
| NET CASH FLOW FROM OPERATING ACTIVITIES | ||||||
| 2022 | 2021 | |||||
| R'000 | F'000 | |||||
| Net movement in funds |
for | the reporting | period (as per the statement | |||
| offinancial activities) |
17 | 20 | ||||
| Adjustment for: |
||||||
| Increase in creditors |
20 | |||||
| Net cash generated from operating |
activities | 23 | 40 |
| 2022 | 2022 | 2021 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Grants | Direct | Support | Total | Grants | Direct | Support | Total | ||||
| costs | costs | costs | costs | ||||||||
| F'000 | F000 | 6'000 | F'000 | R'000 | E'000 | E'000 | K'000 | ||||
| Charitable | activities: | ||||||||||
| Apostolic ministry | based | in the UK | 51 | 1 | 6 | 58 | 85 | - | 35 | 120 | |
| Conferences | and | training | 107 | 13 | 120 | - | 4 | 4 | 8 | ||
| Apostolic ministry | based | outside the UK | 10 | 4 | 1 | 15 | — | 5 | 5 | 10 | |
| Total charitable | expenditure | 61 | 112 | 20 | 193 | 85 | 9 | 44 | 138 |
| Total grants by geographical region: |
||
|---|---|---|
| 2022 | 2021 | |
| f'000 | f.'000 | |
| Africa | 10 | |
| UK and Europe | 1 | 50 |
| Global, not specific to one region | 50 | 35 |
| Total grants | 61 | 85 |
| In respec | t ofthe | ye | ar, expenses were reimbursed to directo |
rs, as follows: | |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Contribution | to support | and travel | 15,000 | ||
| 2022 | 2021 | ||||
| No. | No. | ||||
| Number of | directors | receiving expenses | 1 |
| and a m | eal we | re as follows: | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| E | ||||
| Directors' | meeting | expenses | 821 | 1,980 |
| 2022 | 2021 |
|---|---|
| R'000 | R'000 |
| 6.CREDITORS | ||
|---|---|---|
| 2022 | 2021 | |
| f'000 | f'000 | |
| Accruals | 35 | 26 |
| Deferred income | 6 | 9 |
| Total creditors | 41 | 35 |
| 7.UNR | EST | RICTED FUNDS | ||||
|---|---|---|---|---|---|---|
| Balance at | Balance at | |||||
| 1 January | 31 December | |||||
| 2022 | Income | Expenditure | 2022 | |||
| R'000 | f'000 | R'000 | f.'000 | |||
| Free funds | 213 | 209 | (192) | 230 | ||
| Designated | funds | |||||
| Projects | ||||||
| Total Unrestricted | Funds | 216 | 209 | (192) | 233 |
| Balance at | Balance at | ||
|---|---|---|---|
| 1 January | 31 December | ||
| 2022 | Incoming | Outgoing | 2022 |
| R'000 | F000 | f'000 | R'000 |
| 9.ANALYSIS OF NET ASSE | TS BETWEEN FUNDS | ||
|---|---|---|---|
| Unrestricted | Restricted | ||
| funds | funds | Total funds | |
| f.'000 | R'000 | f'000 | |
| 2022 | |||
| Net current assets | 233 | 233 | |
| 2021 | |||
| Net current assets | 216 | 21$ |