2022-12-31-accounts - European Missionary Fellowship

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Trustees		Rev G.N. Burke
		MrS.M. Gay
		Rev D.M. Grimwade
		Mr G Hilton
		Rev P.B.Jones
		Rev D.L. Moore
		Mr N D Pountney
		Rev S.Quinton
		Rev A WJStevens
		Rev M RThomas
		RevS.Bowers
		Mr LCoates
Mission director		Mr A. Birch
Secretary		Mr G Brienza
Charity number		1071823
Company	number	03631207
Registered	office	The Old Rectory
and principal address		Main Street
		Glenfield
		Leicester
		LE38DG
Auditor		Philip John Dymond	FCCA
		Cheyettes Ltd
		167London Road
		Leicester
		LE2 1EG

		Page
Trustees' report
Independent auditor's	report	7-9
Statement offinancial	activities	10
Balance sheet
Statement ofcash flows		12
Notes to the financial	statements	13-26

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2022	2022	2022	2021	2021	2021
		Notes	6	6	6	6	6	6
Income and endowments		from
Donations and legacies		3	415,115	2,107,534	2,522,649	606,251	272,041	878,292
Investments		4	72,426		72,426	63,417		63,417
Other		5	546		546	408		408
Total income			488,087	2,107,534	2,595,621	670,076	272,041	942,117
~Edit
Raising funds		6	107,478		107,478	127,186		127,186
Charitable activities		7	256,318	1,721,315	1,977,633	171,780	411,967	583,747
Other		12				370		370
Total expenditure			363,796	1,721,315	2,085,111	299,336	411,967	711,303
Net gains/(losses)	on
investments		13	(304,996)		(304,996)	273,378		273,378
Net (outgoing)/incoming
resources before	transfers		(180,705)	386,219	205,514	644,118	(139,926)	504,192
Gross transfers between
funds			(137,772)	137,772		(120,598)	120,598
Net movement in	funds		(318,477)	523,991	205,514	523,520	(19,328)	504,192
Fund balances at 1 January
2022
As originally reported			3,137,708	28,094	3,165,802	2,463,058	47,422	2,586,045
Prior year adjustment						75,565		75,565
As restated			3,137,708	28,094	3,165,802	2,538,623	47,422	2,661,610
Fund balances at	31
December 2022			2,819,231	552,085	3,371,316	3,137,708	28,094	3,165,802

				2022		2021
			Notes	6		6
Fixed assets
Tangible assets			15		1,990		1,646
Current assets
Debtors			16	314,839		16,693
Investments			17	2,298,625		2,303,621
Cash at bank and in		hand		764,492		856,879
				3,377,956		3,177,193
Creditors:	amounts	falling due within
one year			18	(8,630)		(13,037)
Net current	assets				3,369,326		3,164,156
Total assets less current liabilities					3,371,316		3,165,802
Income funds
Restricted	funds		20		552,085		28,094
Unrestricted	funds
Designated	funds		21	21,374		39,186
General unrestricted		funds		2,797,857		3,098,522
					2,819,231		3,137,708
					3,371,316		3,165,802

						2022		2021
					Notes	6		6
Cash flows from operating			activities
Cash generated from operations					25		136,475		250,994
Investing	activities
Purchase	oftangible fixed	assets				(1,288)		(1,170)
Purchase	of investments					(300,000)
Interest received						72,426		63,417
Net cash	(used in)igenerated			from
investing	activities						(228,862)		62,247
Net cash	used in financing		activities
Net (decrease)iincrease		In cash and			cash
equivalents							(92,387)		313,241
Cash and	cash equivalents		at beginning		ofyear		856,879		543,638
Cash and	cash equivalents		at	end of	year		764,492		856,879

4	Investments	Investments
					2022	2021
					8
	Income from		listed investments		71,233	61,978
	Interest receivable				1,193	1,439
					72,426	63,417
5	Other
					2022	2021
					8	6
	Literature	sales			546	408
6	Raising funds
					2022	2021
	Fundraisin		and	ublic'
	Travel expenses				33,402	16,928
	Telephone	and office expenses			2,248	4,160
	Newsletter				3,434	19,985
	Literature				28	1,689
	Other fundraising			costs	8,256	6,924
	Staff costs				59,761	77,314
	Depreciation		and	impairment	349	186
	Fundraising		and publicity		107,478	127,186

		Nlission	Literature	Church	Ukraine	Total	Total
		support	work	building	appeal	2022	2021
Staff costs		84,465	4,968	3,945	17,392	110,770	92,588
Depreciation	and
impairment		519	38	38		595	317
Other costs		87,793	3,568	1,941	21,347	114,649	46,855
		172,777	8,574	5,924	38,739	226,014	139,760
Grant funding	of activities
(see note 8)		490,761	28,609	3,125	1,229,124	1,751,619	443,987
		663,538	37,183	9,049	1,267,863	1,977,633	583,747
Analysis by	fund
Unrestricted	funds	203,081	8,574	5,924	38,739	256,318
Restricted funds		460,457	28,609	3,125	1,229,124	1,721,315
		663,538	37,183	9,049	1,267,863	1,977,633
For the year	ended 31December 2021
Unrestricted	funds	164,168	5,371	2,241			171,780
Restricted funds		389,392	21,905	670			411,967
		553,560	27,276	2,911			583,747

			bttssion	Literature	Church	Ukraine	Total	2021
			support	work	building	appeal
				6	8	8	6
Grants to	institutions	(322	grants):
Support ofmissionaries
in Europe			250,886				250,886	194,136
Legatio, Poland								6,825
Editorial Peregrino,		Spain						13,800
Since, Portugal					25		25
Zywiec, Poland					2,900		2,900	670
Almunecar,	Spain				200		200
Ukraine emergency
appeal						534,602	534,602
Literature	fund			28,449			28,449
Other							3,444	17,090
			254,330	28,449	3,125	534,602	820,506	232,521
Grants to	individuals	(699
grants)			236,431	160		694,522	931,113	211,466
			490,761	28,609	3,125	1,229,124	1,751,619	443,987

Support costs
	Mission	Literature	Church	Ukraine	Total	Total
	support	work	building	Appeal	2022	2021
Staff costs	47,923	1,965	1,926	12,172	63,986	58,260
Administrative
expenses	27,474		321	2,409	30,846	38,393
Auditor/Independent
examiners fees	3,510	216	108	810	4,644	2,514
Legal and
professional
Bank charges	2,525	140	140	4,208	7,013	1,389
Depreciation	481	38	38		557	317
	81,913	3,001	2,533	19,599	107,046	100,873

		2022	2021
		Number	Number
Administrative	and support
Representatives
Management
Retired workers
		10	10
Employment	costs	2022	2021
			6
Wages and salaries		143,968	144,154
Social security	costs	12,463	12,076
Other pension	costs	14,100	13,672
		170,531	169,902

					Unrestricted
					funds
					6
					2021
	Net	loss on disposal	oftangible	fixed assets	370
13	Net	gains/(losses)	on Investments

Net gains/(l	osses) on Investments
		Unrestricted	Unrestricted
		funds	funds
		2022	2021
		6	6
Revaluation	ofinvestments	(304,996)	273,378

15	Tangible fixed assets	Tangible fixed assets	Tangible fixed assets
				Fixtures	and Rttines
					6
	Cost
	At 1 January	2022			10,906
	Additions				1,288
	Disposals				(3,959)
	At 31 December 2022				8,235
	Depreciation	and impairment
	At 1 January	2022			9,261
	Depreciation	charged	in the year		943
	Eliminated in	respect	ofdispcsals		(3,959)
	At 31 December 2022				6,245
	Carrying amount
	At 31 December 2022				1,990
	At 31 December 2021				1,646
16	Debtors
				2022	2021
	Amounts falling due		within one year:	6	6
	Other debtors			4,951	4,783
	Prepayments	and accrued income		309,888	11,910
				314,839	16,693
17	Current asset investments
				2022	2021
				6	6
	Listed investments			2,298,625	2,303,621
18	Creditors: amounts		falling due within one year
				2022	2021
				6	6
	Other taxation	snd social security		2,782	3,347
	Accruals and	deferred	income	5,848	9,690
				8,630	13,037

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Analysis	of	net assets between funds
			Unrestricted	Restricted	Total	Total
			2022	2022	2022	2021
			E	E
Fund balances at 31 December 2022 are
represented		by:
Tangible	assets		1,990		1,990	1,646
Current	assets/(liabilities)		2,817,241	552,085	3,369,326	3,164,156
			2,819,231	552,085	3,371,316	3,165,802

						2022	2021
						E	E
	Within one year					4,392	4,140
24	Related party transactions
	There were no disclosable		related	party transactions	during the year (2021 - none).
25	Cash generated	from operations				2022	2021

Cash generated from	operations			2022	2021
				E	E
Surplus for the year				205,514	504,192
Adjustments for:
Investment income recognised in statement		offinancial	activities	(72,426)	(63,417)
(Gain)/loss on disposal	oftangible fixed assets				370
Fair value gains and losses on investments				304,996	(273,378)
Depreciation and impairment oftangible fixed assets				944	503
Movements in working	capital:
(Increase)/decrease in	debtors			(298,144)	76,404
(Decrease)/increase in	creditors			(4,407)	6,319
Cash generated from	operations			136,477	250,993
Analysis ofchanges in net funds
The charitable company	had no debt during	the year.