2021-12-31-accounts

	Page
Reference and Administrative Details ofthe Charity, its Trustees and Advisers	1-2
Trustees' Report	3-9
Independent ixaminer's Report	10-11
Statement of Financial Activities	12
Balance Sheet	13
Statement of Cash Flows	14
Notes to the Financial Statements	15-28

Key management	personnel	personnel
Trustees
			8 C Rossington	(Chair)
			D TBaetz			(appointed	19November	2021)
			T Basupi			(appointed	21September 2021)
			D M Davis			(resigned	21September	2021)
			W A Ewing			(resigned	17November	2021)
			LJ Fast			(resigned	16June 2021)
			P H F P Feniman
			M R Ganga			(resigned	17November	2021)
			L V Hindley
			R L Maples
			D Pate			(appointed	21September 2021)
			G Pietersen			(resigned	16June 2021)
			R KThiel
Senior management		personnel	J A Barry
			P J Everingham
			KJ Lewis
			W L Middleton
			R KThiel
Company registered		number	3371166
Charity registered	number		1062847
Registered office			Scott Place, Unit		E
			Abbey Wood Business Park
			Emma-Chris Way
			Filton
			Bristol
			83347JU

Independent	examiner	Jonathan Merchant	Jonathan Merchant	Jonathan Merchant	FCA	FCA
		Mazars LLP
		Chartered Accountants				&Registered	Auditors
		90Victoria	Street
		Bristol
		8516DP
Bankers	UK	HSBCBank	pic
		Grosvenor Court
		149Whiteladies		Road
		Bristol
		858 2RR
Bankers	International	Bank of America
		2727 South	48th	Street
		Tempe
		AZ 85282 USA
Solicitors		Tozers LLP
		Broadwalk	House
		Southernhay	West
		Exeter
		EX11UA
Investment	manager	Merrill
		225 Liberty	Street		41st	Floor
		New York
		NY 10281USA

				Restricted	Unrestricted
				funds	funds	2021	2020
			Note	f	f	f	f
Income
Donations and gifts			2	168,185	98,445	266,630	393,935
Income from charitable activities			2		337,401	337,401	158,317
Investment income			2		33,011	33,011	7,435
Total income				168,185	468,857	637,042	559,687
Expenditure
Expenditure on charitable	activities		3	232,316	343,726	576,042	765,789
Total expenditure				232,316	343,726	576,042	765,789
Net income/(expenditure)		before
gains / (losses) on investments				(64,131)	125,131	61,000	(206,102)
Net gain / (loss) on investments					187,967	187,967	95,411
Net income /(expenditure)		before transfers		(64,131)	313,098	248,967	(110,691)
Transfers between funds			11,12	(12,929)	12,929
Net income / (expenditure)		and net
movement in funds for the		year		(77,060)	326,027	248,967	(110,691)
Reconciliation offunds
Total funds at the start of	the year			277,012	2,147,111	2,424,123	2,534,814
Total funds atthe end of	the year		13	199,952	2,473,138	2,673,090	2,424,123

				31December 2021	31December 2021	31December 2020
			Note	6	6	6
Fixed assets
Intangible assets					134,833
Tangible assets					575,597	574,559
Investments					1,388,270	1,133,114
					2,098,700	1,707,673
Current assets
Debtors			9	55,589		123,053
cash at bank	and in hand			558,772		609,262
				614,361		732,315
Creditors
Amounts falling due within		one year	10	(39,971)		(15,865)
Net current assets					574,390	716,450
Total assets	less current liabilities				2,673,090	2,424,123
Net assets					2,673,090	2,424,123
Charity funds
Restricted funds			11		199,952	277,012
Unrestricted	funds		12		2,473,138	2,147,111
					2,673,090	2,424,123

				2021	2021	2020	2020
				6	6	6	6
Cash flow from operating activities
Net movement in funds					248,967		(110,691)
Add: Amortisation of intangible assets						20,628
Add: Depreciation of tangible assets				447		626
Less: Interest (included in investing	activities)			(33)		(243)
Less: Foreign exchange rates				(26,569)		34,861
Less: Investment revaluation gain				(187,967)		(95,411)
Add: Investment portfolio charges				13,756		9,416
Decrease/(increase) in debtors				67,464		(5,442)
Increase / (decrease) in creditors				24,106		(16,786)
					(108,796)		(52,351)
Net cash inflow / (outflow) from operating			activities		140,171		(163,042)
Cash flows from investing activities
Purchase of intangible assets				(134,833)
Purchase of tangible assets				(1,485)
Purchase of investments				(223,134)		(185,457)
Proceeds from sale ofinvestments				163,337		420,750
Interest received				33		243
Net cash inflow/ (outflow) from investing		activities			(196,082)		235,536
Net change in cash and cash equivalents					(55,911)		72,494
Cash and cash equivalents at the start ofthe			year		609,262		546,071
Change in cash and cash equivalents	due to
exchange rate movements					5,421		(9,303)
Cash and cash equivalents atthe end ofthe			year		558,772		609,262

							Restricted	Restricted	Unrestricted
								funds	funds	2021	2020
								E	f	E	f
	Income from donations		and gifts
	Donations and gifts						168,185		98,445	266,630	393,935
	Income from charitable		activities
	Member allocations								275,072	275,072	89,244
	Conference, training,			IT&support		income			62,329	62,329	69,073
									337,401	337,401	158,317
	Investment income
	Rental income								10,052	10,052	7,192
	Sundry mcome								22	22
	Interest received								33	33	243
	Exchange gains								22,904	22,904
									33,011	33,011	7,435
	Total income						168,185		468,857	637,042	559,687
	In 2020 income of f200,484 was attributable						to unrestricted		funds and f359,203 was attributable to
	restricted funds.
										2021	2020
	Income ana lysed geographically				was	as follows:	United	Kingdom		25%	31%i
							Europe
							Rest ofthe World			75%	69%
3.	Expenditure
							Restricted		Unrestricted
								funds	funds	2021	2020
								f	f	f	f
	Expenditure on charitable			activities
	Direct chantable	expenditure					232,316		151,028	383,344	506,701
	Governance costs								17,320	17,320	9,987
	Support costs								175,378	175,378	249,101
	Total expenditure						232,316		343,726	576,042	765,789

Net income	/ (expendi	ture) is stated after charging:
			2021	2020
			E	6
Amorusation				20,628
Depreciation			447	626
Independent	examiner's	fee	3,54D	3,540

				Restricted	General	Designated
				funds	fund	funds	2021	2020
				E	E	f	E	6
Directorate		travel and	activities		11,145		11,145	16,929
Consultant		travel and	activities		31,295		31,295	35,233
Meetings,		conferences	and training	4,162	6,116	6,395	16,673	33,498
Ministry	and outreach		support	226,271		30,718	256,989	326,931
Development activities				1,883	25,180	40,179	67,242	94,110
				232,316	73,736	77,292	383,344	506,701

			Restricted	General
			funds	fund	2021	2020
					E	E
International	Council meeting costs			13,780	13,780	6,447
Independent	examiner's	fee		3,540	3,540	3,540
				17,320	17,320	9,987

			Restricted	General	Designated
			funds	fund	funds	2021	2020
			f	f	E	f	f
Staff costs				113,715		113,715	121,779
Ca-operative	support			1,898		1,898	2,939
Residency and housing		support		9,093		9,093	8,668
Insurance and	busmess	rates		5,873		5,873	5,624
Property repairs and maintenance				2,626		2,626	1,565
Office running	casts			5,498		5,498	5,271
IT, communication and		printing costs		21,842		21,842	25,568
Amortisatian	and impairment						20,628
Depreciation				447		447	626
Bank and portfoko charges				14,386		14,386	10,054
Exchange losses							46,379
				175,378		175,378	249,101

Staff costs during the year were as follows:
	2021	2020
	f	f
Salaries and wages	98,519	106,250
Sacial security costs	6,214	6,975
Pension costs	8,982	8,554
	113,715	121,779

	Assets in	Software
	the course	development
	ofconstrue'tlon	costs	Total
		f	f
Cost
At 1January 2021		206,277	206,277
Additions	134,833		134,833
At 31December 2021	134,833	206,277	341,110
Amortisation and Impairment
At 1January 2021		206,277	206,277
Charge in the year
At 31December 2021		206,277	206,277
Net book value
At 31December 2021	134,833		134,833
At 31December 2020

Tangible fixed assets
	Properties	&	Computers &
	improvements		equipment	Total
		f	f	f
Cost
At 1January 2021	574,194		4,617	578,811
Additions			1,485	1,485
At 31December 2021	574,194		6,102	580,296
Depreciation
At 1January 2021			4,252	4,252
Charge in the year			447	447
At 31December 2021			4,699	4,699
Net book value
At 31December 2021	574,194		1,403	575,597
At 31December 2020	574,194		365	574,559

Fixed asset investments
	Listed
	securities
Market value	f
At 1January 2021	1,133,114
Additions	223,134
Disposals	(163,337)
Portfolio charges	(13,756)
Revaluation gain	187,967
Exchange rate loss	21,148
At 31December 2021	1,388,270

			2021	2020
			f	f
Due within one year
Other debtors			251	28,979
Prepayrnents	and accrued income		55,338	94,074
			55,589	123,053
Creditors: Amounts		faging due within one year
			2021	2020
			f	f
Other creditors			30,925	9,442
Accruals and	deferred	income	9,046	6,423
			39,971	15,865

			Deferred
An analysis ofthe movement	in deferred	income during the year was as follows;	income
At 1January 2021			273
Resources deferred during the year
Amounts released from previous years			(273)
At 31December 2021

		Brought		Incoming	Resources	Resources	Transfers	Transfers	Transfers	Carried
		forward		resources	expended		in	/ (out)		forward
		f		f		f			f	f
African Missionary Assistance		40,438		53,367		(46,614)				47,191
COVID-19 Member Assistance		898				(668)				230
Famine Relief & Crisis Response		145,688		37,171		(87,189)				95,670
International Strategic Outreach		11,287		17,139		(25,718)				2,708
Majority World Missionary
Assistance		57,472		17,777		(25,511)	(12,929)			36,809
National Leaders Ministry	Fund	1,494		675						2,169
Support Funds		10,032		41,849		(39,442)				12,439
TIMO Development		9,703		207		(7,174)				2,736
Restricted funds		277,012		168,185		(232,316)	(12,929)			199,952
Description of restricted	funds
African Missionary Assistance		- for providing	financial assistance		to African missionaries.
COVID-19 Member Assistance		- to assist members		whose support		has been impacted		by	COVID-19.
Famine Relief & Crisis Response		- to be used in	response to famine		or any other crisis.
International Strategic Outreach		- to offer outreach		assistance to various proiects.
Majority World Missionary
Assistance		— for providing	financial assistance		to majority world		missionaries.
National Leaders Ministry	Fund	— for providing	assistance to national			church leaders.
Support Funds		— for providing	assistance for members who are employed						by ASI.
TIMO Development		- for costs relating		to development		ofthe TIMO training		programme.

		Brought	Incoming	Resources	Transfers	Gains /	Carried
		forward	resources	expended	in /(out)	(losses)	forward
		E	E	E	E	E	E
Designated	funds	1,404,292	2,893	(77,292)	152,929		1,482,822
General fund		742,819	465,964	(266,434)	(140,000)	187,967	990,316
Unrestricted	funds	2,147,111	468,857	(343,726)	12,929	187,967	2,473,138

	Brought	Incoming	Resources	Transfers	Carried
	forward	resources	expended	in / (out)	forward
	E		E	E
African Member Health Insurance	37,394		(1,705)		35,689
African Member Support	39,814		(28,613)	12,929	24,130
CHARIS II Project	165,854		(9,860)	140,000	295,994
Contingency Fund	259,024				259,024
COVID-19 Assistance	116,708				116,708
International Capital Property	574,194				574,194
Mobibsation Grants
OFM /AIM Stories Grant	4,722	2,283			7,005
Vision 20/20 Funds	206,582	610	(37,114)		170,078
Designated funds	1,404,292	2,893	(77,292)	152,929	1,482,822

		Restricted	Unrestricted
		funds	funds	2021	2020
		E	E	E	E
Intangible	assets		134,833	134,833
Tangible assets			575,597	575,597	574,559
Investments			1,388,270	1,388,270	1,133,114
Debtors			55,589	55,589	123,053
Cash at bank and in hand		199,952	358,820	558,772	609,262
Creditors due within one year			(39,971)	(39,971)	(15,865)
		199,952	2,473,138	2,673,090	2,424,123

		At 1		Foreign	At 31
		January	Cash	exchange	December
		2021	flows	movements	2021
		E	E	E	E
Cash	and cash equivalents
	Cash	609,262	(55,911)	5,421	558,772
Borrowings
	Debt
Total		609,262	(55,911)	5,421	558,772