2022-03-31-accounts

						Page
Trustees' annual report (incorporating			the	director's	report)
Independent auditor's	report to	the members				15
Statement offinancial	activities	(including		income and
expenditure account)						20
Statement offinancial	position					21
Statement ofcash flows						22
Notes to the financial	statements					23

Registered	charity	name	name	The Angel Foundation	The Angel Foundation
Charity registration		number		1079501
Company registration			number	3818138
Principal office				Melville Building
				Royal William	Yard
				Plymouth
				Devon
				PL1 3RP
Registered	office			Westcotts
				Plym House
				3 Longbridge	Road
				Marsh Mills
				Plymouth
				PL6 8LT
The trustees				CJCole
				D W Simpson
				RW Simpson
Secretary				P V Le Druillenec
Auditor				Westcotts (SW) LLP
				Chartered accountants		&statutory	auditor
				Plym House
				3 Longbridge	Road
				Marsh Mills
				Plymouth
				PL6 8LT
Bankers				Barclays
				20 Lemon Street
				Truro
				Cornwall
				TR1 2NB
Solicitors				Geldards LLP
				Dumfries House
				Dumfdies Place
				Cardiff
				CF103ZF

							2022		2021
						Unrestdicted	Restricted
						funds	funds	Total funds	Total funds
					Note	6	E	E
Income and endowments
Donations and legacies					5	3,046,593		3,046,593	3,076,377
Charitable activities					6	347,459		347,459	289,299
Investment income					7	34,068		34,068	12,921
Other income					8	8,640		8,640	35
Total income						3,436,760		3,436;760	3,378,632
Expenditure
Expenditure on raising funds:
Costs of raising		donations		and
legacies					9	77,492		77,492
Expenditure on charitable			activities		10,11	2,552,105	5,270	2,557,375	3,128,051
Other expenditure					12	(1,838)		(1,838)	(6,318)
Total expenditure						2,627,759		2,633,029	3,121,733
Net income						809,001	5,270	803,731	256,899
Extraordinary items					17				(2,103,141)
Net movement in funds						809,001	5,270	803,731	(1,846,242)
Reconciliation offunds
Total funds brought	forward					(1,432,181)	5,270	(1,426,911)	419,331
Total funds carried		forward				(623,180)	—	(623, 180)	(1,426,911)

31 March 2022
			2022 6	2021f
Fixed assets
Tangible fixed assets		19 .	55,365	41,531
Curmnt assets
Debtors		20	329,210	521,551
Cash at bank snd in hand			354,556	489,061
			683,766	1,010,612
Creditom: amounbi	falling' due within one year	21	1,029,170	1,725,913
Net current gablilges			345,404	715,301
Total assets less current liabiliigies			(290,039)	(673,770)
c
Creditors: amounts	falling due aller more than one year		333,141	753,141
Net gsbgltles			(623,180)	(1,426,911)
Funds ofthe charity
Restricted funds				5,270
Unresiricied funds			(623,180)	(1,432,181)
Totalcharityfunds		25	(623,180)	(1,426,911)

Year ended 31 March	2022
			2022	2021
			6
Cash flows from operating	activities
Net income			803,731	256,899
Adjustments fan
Depreciation oftangible fixed assets			25,988	22,785
Other interest receivable and	similar income		(34,068)
Interest payable and similar	charges		6,726	45,644
Loss on disposal of intangible	assets			627,756
Accrued expenses			5,248
Changes in:
Trade and other debtors			192,341	(16,758)
Trade and other creifitors			(1,417,952)	10,132
Cash generated from operations			(417,986)	946,458
Interest paid			(6,726)	(45,644)
Interest received			34,068
Net cash (used in)/from operating activiTies			(390,644)	900,814
Cash flows from investing	activities
Purchase oftangible assets			(39,822)	(14,207)
Nst cash used in investing activities			(39,822)	(14,207)
Cash flows from financing	activities
Repayments ofloans				(725,531)
Interest paid				(21,065)
Proceeds from loans fram group undertakings			295,961
Net cash from/(used in) financi'ng activities			295,961	(746,596)
Net (decrease)/increase in	cash and cash	equivalents	(134,505)	140,011
Cash and cash equivalents	at beginning	ofyear	489,061	349,050
Cash and cash equivalents	at end ofyear		354,556	489,061

over the useful economic life oft	hat asset as follo	ws:
Leasehold property	25%straight	line
improvements
Office furniture and equipment	25%straight	line
Motor vehicles	25%straight	line
Studio equipment	25%straight	line
Computer equipment	25%straight	line

5.	the event o member of Donations	fthe charity being w the charity. and legacies	ound up, the liability in	respect ofthe g	uarantee is lim	ited to 61 per
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds f	2022 f	Funds	2021
	Donations
	Donations		3,046,593	3,046,593	3,076,377	3,076,377
6.	Charitable	activities
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2022 f	Funds	2021
	Sale ofairtime		347,459	347,459	289,299	289,299
7.	Investment	income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds 6	2022 f	Funds	2021 5
	Other interest		34,068	34,068	12,921	12,921
8.	Other income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds E	2022 f	Funds	2021
	Other income		8,640	8,640	35	35

9.	Costs of r	a	ising donat	ion	s and legac	ies
						Unrestricted	Total Funds	Unrestricted	Total Funds
						Funds	2022 6	Funds f	2021 f
	Costs of raising donations				and legacies
	—Donations		and legacies			77,492	77,492
10.	Expenditure		on charitable		activities by fund type
							Unrestricted	Restricted	TotalFunds
							Funds f	Funds 6	2022 6
	Charitable	activities					2,526,050	5,270	2,531,320
	Governance		costs				26,055		26,055
							2,552,105	5,270	2,557,375
							Unrestricted	Restriicted	Total Funds
							Funds	Funds	2021
							E	6	6
	Chariitable	activities					2,813,091	36,575	2,849,666
	Governance		costs				278,385		278,385
							3,091,476	36,575	3,128,051
11.	Expenditure		on charitable		activities by activity type
						Activities
						undertaken	Governance	Total funds	Total fund
						directly	costs	2022	2021
						6	E	6
	Charitable	activities				2,531,320		2,531,320	2,849,666
	Governance		costs				26,055	26,055	278,385
						2,531,320	26,055	2,557,375	3,128,051
12.	Other expenditure
						Unrestricted	Total Funds	Unrestricted	Total Funds
						Funds f	2022 E	Funds 6	2021
	Gain on disposal oftangible				fixed
	assets held		for charity's	own use		(1,838)	(1,838)	(6,318)	(6,318)

	Net income i	s sta	ted after cha	rging/(creditin	g):
						2022	2021
						E
	Depreciation	oftangible fixed		assets		25,988	22,785
	Gains on disposal		oftangible	fixed assets		(1,838)	(6,318)
	Foreign exchange		differences			109,705	162,582
14.	Auditors remuneration
						2022	2021
							E
	Fees payable	for	the audit of	the financial	statements	18,500	23,500

Staff costs
The total staff costs and	employee	benefits for the reporting	period	are analysed as	follows:
				2022	2021
				E
Wages and salaries Social security costs				897,972 85,699	1,077,900 137,383
Employer contributions	to pension	plans		18,969	22,486
				1,002,640	1,237,769

The averag	e head count o	f employees during t	he year was 33(2021:28).
The number	of employees	whose remuneration	forthe year fell within the following	bands, were:
			2022	2021
			No.	No.
660,000to	F69,999		2	3
670,000to	679,999		1
			3

19.	Tangible fixed asse	ts
				Long
				leasehold	Fixtures and		Computer
				property	fittings	Equipment	equipment	Total
				E	E	E	E	E
	Cost
	At 1 April 2021			28,364	54,534	744,998	1,197,503	2,025,399
	Additions				1,000	34,774	4,048	39,822
	At 31 March 2022			28,364	55,534	779,772	1,201,551	2,065,221
	Depreciation
	At 1 April 2021			28,364	50,259	743,824	1,161,421	1,983,868
	Charge forthe year				2,350	5,670	17,968	25,988
	At 31 March 2022			28,364	52,609	749,494	1,179,389	2,009,856
	Carrying amount
	At 31 March 2022				2,925	30,278	22,162	55,365
	At 31 March 2021				4,275	1,174	36,082	41,531
20.	Debtors
							2022	2021
							E	E
	Trade debtors						129,697	128,730
	Amounts owed by group undertakings						2	824
	Amounts owed by undertakings		in	which the	charity has a
	partidpating interest							171,893
	Prepayments and accrued income						143,714	195,354
	Other debtors						55,797	24,750
							329,210	521,551
21.	Creditors: amounts	falling due	within one		year
							2022	2021
							E	E
	Trade creditors						108,511	169,760
	Amounts owed to group undertakings						295,961
	Accruals and deferred income						158,851	155,097
	Social security and other taxes						465,847	1,401,056
							1,029,170	1,725,913

22.	Creditors: amounts	falling due after more than one year
			2022	2021
			E	E
	Social security and	other taxes	333,141	753,141

Deferred income
		2022 E	2021f
At 1 April 2021		53,354	45,839
Amount released	to income	(53,354)	(45,839)
Amount deferred	in year	51,860	53,354
At 31 March 2022		51,860	53,354

				At				At
			1	April 2021 F	Income E	Expenditure f	31 March 2022 f
Unrestricted	general	reserves		(1,432,181)	3,436,760	(2,627,759)		(623,180)
				At				At
			1	April 2020 f	Income F	Expenditure		31 March 2021 F
Unrestricted	general	reserves		377,486	3,378,632	(5,188,299)		(1,432,181)

Analysis ofcharitable fund	Analysis ofcharitable fund	s f~nvnvev)
Restricted funds
		At				At
		1 April 2021	income	Expenditure	31	March 2022
				E
Sudan appeal		5,270		(5,270)
		5,270		(5,270)
		At				At
		1 April 2020	Income	Expenditure	31	March 2021
		E	E	E
Tsunami	appeal	35,652		(35,652)
Sudan appeal		5,270				5,270
Kenya appeal		712		(712)
Haiti appeal		211		(211)
		41,845		(36,575)		5,270

Analysis ofnet as	se	ts between funds
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2022
				6
Tangible fixed assets			55,365		55,365
Cunent assets			683,766		683,766
Creditors less than	1	year	(1,029,170)		(1,029,170)
Creditors greater than		1 year	(333,141)		(333,141)
Net liabilities			(623,180)		(623,180)
			Unrestricted	Restricted	Total Funds
			Funds f	Funds 6	2021 6
Intangible assets
Tangible fixed assets			41,533		41,533
Current assets			1,005,340	5,270	1,010,610
Creditors less than	1	year	(1,725,913)		(1,725,913)
Creditors greater than		1 year	(753,141)		(753,141)
Net liabilities			(1,432,181)	5,270	(1,426,911)

Anal	ysis ofchanges in net debt
				At
		At 1 Apr 2021	Cash flows	31 Mar 2022
		8
Cash	at bank and in hand	489,061	(134,505)	354,556
Debt	due within one year		(295,961)	(295,961)
		489,061	(430,466)	58,595

Related parties
			Balance	Balance
			receivable/	receivable/
			(payable)	(payable)
			by the	by the
			charity 2022	charity 2021
Angel Christian	Television	Trust Inc	(295,939)	171,893
God TV Ltd			(22)	822
			(295,961)	172,715

The total f as follows:	utur	e minimum lease payments under finance le	ases and hire purchase co	ntracts are
			2022	2021
			6	6
Not later than		1 year	2,316	2,316
Later than	1 year and not later than 5years		3,474	9,264
			5,790	11,580