OpenCharities

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

2022-06-30-accounts

Contents Page
Report ofthe Directors 1-8
Report ofthe Independent Auditors 9-12
Statement of Financial Activities 13
Balance Sheet 14
Statement ofCash Flaws 15-15
Notes tothe Financial Statements 17-36

Unrestricted Unrestricted Restricted Total Total
Income and Expenditure Account Funds Funds Funds Funds
General Designated 2022 2021
Note 8 8 8 E
Income
Donations
and legacies		 3 1,041,923 267,655 1,894,406 3.203,984 3,426,377
investment
income		 4 10,472 - - 10,472 11,649
Grants 6 5,207
Charitable
activities:
Literature 5 512,904 8,398 521,302 401,139
Other programmes 5 601 8,218 3,767 12,586 11,689
Total Income 1,565,900 275,873 1,908,571 3,748,344 3,856,060
Expenditure
Cost ofraising funds 7 203,120 203,120 1S4,921
Charitable
acbvities		 7 829,847 872,616 2,135,292 3,837,755 3,158,341
Total Expenditure 1,032,967 872,618 2,135,292 4,040,875 3,343,262
Net operating
income/(expenditure)		 532.933 (596,743) (228,721) (292,531) 512,799
Net gains/l(losses)
on
investments		 (38,235) (38,235) 12,744
Net gains/l(losses)
on sale of
property,
p(ant and equipment		 (228) (228)
Net income/(expenditure)
the year		 for 494,470 (596,743) (228,721) (330,994) 525,543
Transfers between funds 19 (496,081 388,114 107,967
Net movement
In funds		 ('l,611) (208,629) (120,754) (330,994) 525,543
Reconciliation
offunds
Funds brought forward at 1"July 2021 131,977 1.276,830 1,312.476 2.721,083 2.195.540
Funds carried forward at30a June
2022		 130,366 1,068,001 1,101,722 2,390,089 2,721,083

THE LANGHAM
PARTNERSHIP (UK tk IRELAND)
(Limited by Guarantee)
Company
Number 4235957		 THE LANGHAM
PARTNERSHIP (UK tk IRELAND)
(Limited by Guarantee)
Company
Number 4235957		 THE LANGHAM
PARTNERSHIP (UK tk IRELAND)
(Limited by Guarantee)
Company
Number 4235957		 THE LANGHAM
PARTNERSHIP (UK tk IRELAND)
(Limited by Guarantee)
Company
Number 4235957
STATEMENT OF CASH FLOWS
AS AT 30m JUNE 2022
2021
8
Cash outflow from operating
activities
Net cash provided
by/(used
in) operating		 acfivities 351,600 836,270
Cash flows from investing
activities
Investment
income and interest received		 10,472 11,649
Proceeds from the safe ofproperty,
plant		 and equipment 150
Payments to acquire tangible
fixed assets		 (460,261) (952,694)
Net cash provided
by (used in) investing		 activities (449,639) (941,045)
Cash flows from financing
activities
Cash inilows from new borrowing 596,066
Nst cash provided
by (used in) financing		 596,066
Netlncresse/(decrease)
in cash and cash		 equivalents (205,174) (104,775)
Cash and cash equivalents
at beginning		 ofyear 680,102 784,877
Cash and cash equivalents
at end ofyear		 474,928 680,102
Reconciliation ofnet income/ (expendhure) to net cash Row from operating
activities
20226
Net income/(expenditure) (330,993) 525,543
Adjustments
for.
Depreciation
charges		 44,833 11,187
Net losses/ (gains) on investments
Investment
income		 38,235
(10,472)		 (12,744)
(11,649)
Losel (profit) on sale offixed assets 228
(Increase)/ Decrease in stack 28,979 70,101
(Increase)/Decrease
in debtors		 20,439 (95,573)
(Decrease)/ Increase
in creditors		 (12'I,498) 320,938
(Decrease)/ Increase
in provisions		 (21,351) 28,467
Net cash provided
by/(used
ln) operating		 activities i351,600) 836270

Asat1 Cashflows Other As at30
July 2021 Non-Cash June 2022
Changes
Cash et bank 680,102 (205,174) 474,928
Cash held by investment managers
Loans: Falling due within one year (596,066) (50,000) (646,066)
Loans: Falling due after more than one year (50,000)
830,102 (801,240) (171,138)

unrestricted unrestricted 2622
General uesignated Rsstricted Total
Funds Fundsf Fundsf Funds
e
Literature:
Other donations and gifts 63,787 48,118 647,868 759,773
Income tax receivable 6,154 6,154
Legacies
Scholarship
and		 educalbrr
Other donations and gifts 65,244 112,893 525,794 703,931
Income lax receivable 2,683 2,663
Legadss
Preaching and teaching:
Other donations
and
Income tax reoeivable		 gihs 48,118 604,134
6,262		 652,252
6,262
Legacies
Hookses:
Other donalions and giga 23,420 231420
Legacies
Langham
International
Other donations
and
income tax receivable		 induding
gifts		 LSC properly: 195,699 77,691
400		 331,916
400
General Income
Other donations
and
income tax receivable
Legacies		 gifts 619.180
86,693
11320		 619,180
86,693
11.320
1,041,923 267,655 1,894,406 3.203,984

unrestricted unrestricted 2021
General Designated Restricted Total
Funds Funds Fundsf Fundsf
Literature:
Other donations and gills 630,101 630.101
Income tax receivable 5,873 5,873
Legacies 137,167 137,167
Scholarship
and		 education:
Other donations and gills 706,424 706,424
Income tsx receivable 2,766 2,766
Legacies 137,167 137,167
Preaching
and teaching:
Other donations and giga 408,631 408,631
Income tax receivable 8,453 8.453
Legacies 137,167 137,167
Hocksem
Other donations and gi's 1.610 1,610
Legacies 41&150 41,150
Lengham
International		 including LSC property.
Other donations and gifts 24,164 310,088 334,251
Income lax receivable
General income:
Other donahons and gilts 761,614 761.614
Income tax receivable 112,003 112,003
Legacies 2000 2 000
875.616 24,164 2,526,597 3,426,377

VESTMENT INCOME
UK Invesbnents Unrestricted 2022
General Designated Restricted Total
Funds Funds Funds Fundsf
Listed Investments 10472 10472
10,472 10,472
UK investments Unrestricted
General
Designated		 Restricted 2021
Total
Funds
f		 Funds
f		 Fundsf Fundsf
Listed investments 11649 11649
11,649 11,649

NCOME FROliii CHARITABLE ACTIVITIES
Unrestricted 2022
General
Funds
f		 Designated
Funds
f		 Restricted
Fundsf		 Total
Funds
Literature - Additional
book programme
Literature - Other income
Other Programme
Income		 413,134
99.770
601		 8218 8,398
3767		 413,134
108,168
12586
513,505 8,218 12,165 533,888
Unrestricted 2021
General
Funds
f		 Designated
Funds
f		 Restricted
Fundsf		 Total
Fundsf
Literature - Additional
book programme
Literature —Other income
Other Programme
Income		 9'I,821
649		 1,251
5,662		 298,375
9,693
5378		 298,375
102,764
11,689
92,470 6,913 313,445 412,828

44
Cl
CL		 N
Q
CO		 OC O
O
I
g		 O
O
CO
OI
O
OI		 CO
IO
IO		 IO
IO
I
CD
0
I
Ol I I I I ~ IO
N CN
CIZ z~ 00X N 0I
g UI cu
45 LUz IO IO
I CO
L
o-e
zC05
W
Kg
zg
I-
O
&8		 CCIP
go
0
gz0
Ul
z&z
—Ul		 COLZ
Cl4!
4l
0.		 Ol
L
C40
4I
45		 OC Q
0I
I		 0C IO
OIN
Ol
IO
d
OI		 Ol
P
CO		 O
IO0I
IO
N
0
IL
X
Z		 g I- &.
OW
I-p
IUg
I-O		 CL2
IC
CC0		 L
0
'0		 OC I
IO		 O
I
O		 0
p		 I Cl
IU
Z		 Z Il
CO		 Cl
45
I
4I
C
r		 Ccl O
P
~		 CO ICI CC Ol R
OI
Oi		 IOO
IO
c6
CC'4 N ICI
Q CO IO I CC ON
O
v
0		 Ol
L
I-
QZ
Ul
Q.		 CO00
C		 0
4I		 PO
55 '00
I- 0
0 E		 8
0I- O
0		 T7
Q		 0". OO 0
a CL		 8 5mC98
N
c
«O
g
Dl
IL		 N
c
«O
g
Dl
IL		 Dlg
CO		 Dlg
CO		 Ol
IO
In~R		 Ol
IO
In~R		 ~ COI IO
~D.
CD		 CC
DI
ID
80
CC
QN		 III g I c4
~P
0 rn JC002 CV
IU WCD
I ID CD
DII
ID		 lU
I-g		 IO Q Dl
Dl
JO
II.
CD
Pl
Iae
tU
I-~
III '0
E
2
8
2		 Il0«
~ CD
pe
~O
—W
22
uW™
z5
I- &-
OW
I-2
co I-
WO.		 CL «
L $ Ol
CD
CD
««
Z Z
ID
N
«.
CII		 Dl ID
Cll
I
ID
CD		 I
CO
Dl
IO		 I I
'I		 IO
«I		 0
DC
ID
OI
IO		 CO
ID
CD
ID		 Dl
DI
W
2		 oo
2		 l« c5
I Ol «I
CD		 ID
Dl
ID		 ID
IO
IO		 t
CD		 CO
ID
ID		 IO
Dl
CO
CO		 g
CC		 IO DC
CD 8
O«m
%w «
o- 8		 CD
CD
OI
cO
CO		 ~ CO
CD
ID		 DI
Dl

STAFF COSTS AND R ELATED PARTY TRANSACTIONS
2022 2021
6 6
Wages and salaries
Bodal security costs
Pension costs		 891,686
73,795
78,139		 744,328
57,564
64,573
Other Benefits 13,848 292
1 057.468 868 756
Average
monthly
number		 ofstaff: No No
Office and programme staff
The number ofemployees whose emoluments exceeded 660,000were: 2022 2021

IO
CC
CC
8		 Ol
O		 ID
ID
crl
o		 cD ~
CC
crl		 III
CII
cg		 C4
r		 Oo
m		 'a
Cl
C4
E
'D
'g ~
0
amm
-mE
E OI.O
E
0 Q 0'
m		 clr pr
IO
r		 o
CQ
r		 I CC CD OI
CD
O		 CII
O
CV		 C4
IO		 cIro
ID		 Cl8
CI
m
0		 0
0		 IO
O
co		 ID
IO
m		 CB I I I 00
CI ~ ID
49		 CI 8
4z rn m
m		 m
0
00		 2
CD
E
4
III tz C4
~O		 Ol
e		 Cl
e		 crr
CD		 CD
CD
crr
0-		 N gz
COR-
N O		 'D
i		 ~0
0		 o
IO		 o
IO		 20
CD g
5g
~ '0
0
~
R E
r-
g
Z		 UI
%4
z~z
Ir
III Cr
I- &
0lrr
I-2
Co I-		 110 0
ID
Ol
9		 crr
OI
cIr		 o CI
Cb
C4		 O
Ol
Pl		 IO
CD
r
T		 O
44
CC
CE
N		 8
CI
z
I-		 I-5
OP
z		 'D0
IC
'0		 OOoo ~ ~ o
IDOo		 Cl D0
0 Cll
Cl m o
Ol
C 0
m 9
pO
mY-
Cl
4
IUXK
IU		 00
Cl
)
IC		 C4
O
C4
Cl
cr.		 Cl
0
.0
y		 m m
Cl
0
CI
4		 $4
c4
c
N
Z		 00
IC0
m		 O
P4		 m
IC
0
m		 m
m
0
Ol
O		 C4
O
0
g		 m
m
0
m
z		 c4
CC
C4
O		 CCo
CV
Cl		 Cl.
Z
0.
E
0
CI
CI~8
O
CI
IC
6R 0 Cl
0!0
Cl
CC

FIXEDASSET INVESTMENTS FIXEDASSET INVESTMENTS Listed Cash
Investments deposits Total Total
2022f 2022f 2022f 2021f
UK investments
At 1*'July 2021 401,562 1,000 402,562 389,818
Net investment gasses)/gains 38234 38234 12,744
Market value at 30"June 2022 363,328 1,000 364,328 402,582
Historic costas at 30e June 2022 225,177 1,000 226,177 226,177
14 STOCK
2022
E		 2021f
Stock ofbooks 80,016 108,995
15 DEBTORS
2022 2021f
Trade debtors 67.879 15,762
Other debtors and Prepayments 84.170 156,726
152,049 172,488
16 CREDITORS: Amounts falling due within one year
2022 2021
E E
Other creditors 273,324 368,718
Bank loan 596,066
Other Loan 50,000
Accruais 63,782 49,120
Income in advance 40766
983,172 458,604

CREDITORS: Amounts
falling		 due after one year
2022
E
Loan 50 000
50,000
18 PROVISIONS: Amounts falling due within one year 2022 2021
6 6
Prevision 7116 28467
7,116 26,467

Balance at Imm atmant Balance at
S1.07.21 . Income Expenditure Transfers Gsinai(Loss 30.0a22
E E E E E E
General fund
LPUKI 131,976 727,665 (314,937) (378,103) (38,235) 130,366
Progrsmmas 642,537 (522,560) (119,977)
LPI 195698 195698
131,976 1,565,900 (1,033,195) (496,080) (38,235) 130,366
Designated funds:
Progrsmmes (145,458) 217,344 (696,792) 281,056 (363,850)
Reserves Polhy Fund 277,612 1.610 279,222
LPI 178,043 58,526 (164,292) 102,010 174,287
LSC Property Development 966.433 3 11532 23437 978 34'I
1,276,630 275,873 (872,616) 388,114 1,088,001
Balance at Investment Balance at
I
01.07.20 tncome Expandltum Transfers Gains 30.06.21
E E E E
General fund
LPUKI BM,121 (258,206) (512,683) 12,744 131.976
LPI 105,757 91 621 197576
105757 981942 256206 710261 12744 131976
Designated funds:
Programmes 121,433 6.828 (530,035) 256.3'l6 (145,458)
Reserves Policy Fund 253,612 24,000 277.612
LPI 93,043 85,000 178,043
LSC Property Development 666959 24.248 24774 300000 966 433
1 135047 3'I 077 554 809 665,316 1276630

0
RESTRICTED FUNDS
Balance at Investment Balance at
01.07.21
f		 Income
f		 Expenditure
f		 Transfers
f		 Gains
f		 30.06.22
f
John Stott Memorial
Fund
Scholarship
Fund		 1,427
317,915		 528,477 (1,427)
(565,135)		 281,257
Langham
Service Centre
Hookses Fund		 2,099
576,982		 43,550
23.427		 (45,649)
(21,215)		 579,194
LPI 19,110 34,541 (53,651)
LPI —International
Ministry
Director
Preaching
Seminars
Fund
Literature
Fund		 6,072
248,649
27,314		 3,759
610,396
579,090		 (7,012)
(681,328)
(603,801)		 (12,010) 2,819
165,T07
2,603
PD General
Fund		 6,250 34.787 (155,642) 119,977 5,372
WIndows on the Text 106,659 48,543 (431) 154,771
1,312,477 1,906,570 (2,135,291) 107,967 1,191.723
Balance at tnvestment Balance at
01.07.20
f		 Income
f		 Expenditure
f		 Transfers
f		 Gainsf 30.06.21
f
John Stott Memorial
Fund
Scholarship
Fund
Langham
Service Centre
Hockses Fund
LPI		 2,546
124,368
552,617
11,136		 846,264
40,400
45,767
289,639		 (1,119)
(662,682)
(38,301)
(21,402)
(261.866)		 9,945 1,427
317,915
2,099
576,981
19,110
LPI —International
Ministry
Director
Preaching
Seminars
Fund
Literature
Fund		 2,893
86.293
105.131		 5,292
554,252
913,921		 (2,113)
(391,896)
(957,285)		 (34,452) 6,072
248,649
27,314
PD East Asia Fund 8,885 (43,336) 34,452
PD General Fund
Windows
on the Text		 69,750 104,307
54,098		 (133,057)
(17,189)		 35,000 6,250
106,659
954736 2843,042 2.530,246 44 1.3t2,477

Tangible Investments Net Non Current Total
Fixed Current Assets 2922
Assets (Liabilities)
Unrestricted Funds
General Funds 52,213 364,328 (286,175) 130,366
Designated Funds 1,753,675 (685,674) 1,068,001
Restricted Funds 503,169 688,554 1,191,723
2,309,057 364.328 (283,295) 2,390,090
Tangible Investments isat Non Current Total
Fixed Current Assets 2021
Assets Assets
Unrestiictsd Funds
General Funds 26,034 402,562 (246,619) (50,000) 131,976
Designated Funds 1,364,805 (88,175) 1,276,630
Restricted Funds 503,169 809,307 1,312,476
1,894,007 402,562 . 474,513 (50,000) 2,721,083