2023-06-30-accounts - The Langham Partnership (UK And Ireland)

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Contents			Page
Report of	the Directors		1-8
Report of	the independent	Auditors	9-12
Statement	of Financial Activities		13
Balance Sheet			14
Statement	ofCash Flows		15-16
Notes to the Financial Statements			17-35

		Unrestricted	Unrestricted	Restricted	Total	Total
Income and Expenditure	Account	Funds		Funds	Funds	Funds
	Note	General f	Designated E		2023 E	2022 E
Income
Donations and legacies	3	1,765,653	188,206	2,526,399	4,480,258	3,203,984
Investment income	4	13,499			13,499	10,472
Grants	6
Charitable activities:
Literature	5	395,183		2,408	397,591	521,302
Other programmes	5	2,800	6,379	10,227	19,406	12,586
Total Income		2,177,135	194,585	2,539,034	4,910,754	3,748,344
Expenditure
Cost of raising funds	7	327,088			327,088	203,120
Charitable activities	7	389,461	1,512,591	2,689,992	4,592,044	3,837,755
Total Expenditure		716,549	1,512,591	2,689,992	4,919,132	4,040,875
Net operating income/(expenditure)		1,460,586	(1,318,006)	(150,958)	(8,378)	(292,531)
Net gains/[(losses) on investments		(25,649)			(25,649)	(38,235)
Net gains/](losses) on sale of property, plant and equipment					34	(228)
Net Income/(expenditure) the year	for	1,434,971	(1,318,006)	(150,958)	(33,993)	(330,994)
Transfers between funds	18	1,450,754)	1,450,754
Net movement in funds		(15,783)	132,748	(150,958)	(33,993)	(330,994)
Reconciliation offunds
Funds brought forward at 1"July 2022		130,366	1,068,000	1,191,723	2,390,089	2,721,083
Funds carried forward at 30eJune 2023		114,583	1,200,748	1,040,765	2,356,096	2,390,089

	A	S AT30 JUNE	2023
			2023	2022
			5	5
Cash outflow from operating activities
Net cash provided by/(used in) operating	activities		(221,612)	351,600
Cash flows from Investing activities
Investment income and interest received Proceeds from the sale of property, plant	and	equipment	13,499 34	10,472 150
Payments to acquire tangible fixed assets Proceeds from the sale of investments			(20,170) 224,261	(460,261)
Net cash provided by (used in) investing	activities		217,624	(449,639)
Cash flows from financing activities
Cash inflows from new borrowing			13,934	596,066
Net cash provided by (used in) financing			13,934	596,066
Net increase/(decrease) in cash and cash		equivalents	9,946	(205,174)
Cash and cash equivalents at beginning	ofyear		474,928	680,102
Cash and cash equivalents at end ofyear			484,874	474,928
Reconciliation ofnet Income/ (expenditure)		to net cash flow	from operating activities

		2023	2022
		6	6
Net income/(expenditure)		(33,993)	(330,993)
Ad)ustments for.
Depreciation charges Net losses/ (gains) on investments		49,302 25,649	44,833 38,235
Investment income Loss/ (profit) on sale offixed assets (Increase)/ Decrease in stock (Increase)/Decrease in debtors (Decrease)/ Increase in creditors (Decrease)/ Increase in provisions		(13,499) (34) (53,040) (256,254) 60,257	(10,472) 228 28,979 20,439 (121,498) (21,351)
Net cash provided by/(used in) operating	activities	(221,612)	(351,600)

		As at 1	Cashflows	Other	As at 30
		July 2022		Non&ash	June 2023
				Changes
Cash at bank		474,928	9,946		484,874
Cash held by investment	managers
Loans: Falling due within	one year	(596,066)	(13,934)		(610,000)
Loans: Falling due after	more than one year
		(121,138)	(3,988)		(125,126)

				Unrestricted	Unrestricted		2023
				General	Designated	Restdcted	Total
				Funds 5	Fundsf	Funds 6	Funds 8
Literature:
Other donations	and	gilts		111,415	58,363	755,163	929,941
Income tax receivable Legades						4,578	4,578
Scholarship and	education:
Other donations	and	gifts		55,006	38,760	853,576	947,342
Income tax receivable Legades						4,015	4,015
Preaching and teaching;
Other donations	and	gifts		3,677	54,540	838,548	896,765
Income tax receivable Legacies						5,923	5,923
Hookses:
Other donations Legacies	and	gifts				26,135	26,135
Langham International		Including	LSC property:
Other donations	and	gifts		226,516	36,543	38,461	301,520
Income tax receivable
General Income:
Other donations	and	gifts		836,829			836,829
Income tax receivable				41,326			41,326
Legacies				490,884			490,884
				1,765,653	188,206	2,526,399	4,480,258

				Unrestricted	Unrestricted		2022
				General	Designated	Restricted	Total
				Funds 8	Funds E	Fundsf	Funds 8
Literature:
Other donations	and	gifts		63,787	48,118	647,868	759,773
Income tax receivable Legacies						6,154	6,154
Scholarship and	education:
Other donations	and	gifts		65,244	112,893	525,794	703,931
Income tax receivable Legatee						2,683	2,683
Preaching and teaching:
Other donations	and	gifts			48,118	604,134	652,252
Income tax receivable Legacies						6,262	6,262
Hookses:
Other donations Legacies	and	gifts				23,420	23,420
Langham International		induding	LSC property.
Other donations	and	gifts		195,699	58,526	77,691	331,916
income tax receivable						400	400
General Income:
Other donations	and	gifts		619,180			619,180
Income tax receivable Legacies				86,693 11320			86,693 11320
				1,041,923	267,655	1,894,406	3,203,984


UK Investments	Unrestricted			2023
	General	Designated	Restricted	Total
	Funds	Funds	Funds	Funds
				6
Listed investments	13499			13,499
	13,499			13,499


UK Investments	Unrestricted			2022
	General	Designated	Restricted	Total
	Funds	Funds	Funds	Funds
		6	6	6
Listed investments	10472			10472
	10,472			10,472

				Unrestricted	Unrestricted		2023
				General	Designated	Restricted	Total
				Funds	Funds	Funds	Funds
				6	6	6
Literature	-Additional		book programme	312,355			312,355
Literature	-Other	income		82,828		2,408	85,236
Other Programme		Income		2 800	6379	10227	19,406
				397,983	6,379	12,635	416,997
				Unrestricted			2022
				General	Designated	Restricted	Total
				Funds	Funds	Funds	Funds
				6	F.	8	F
Literature	-Additional		book programme	413,134			413,134
Literature	—Other	Income		99,770		8,398	108,168
Other Programme		Income		601		3,767	12586
				513,505	8,218	12,165	533,888

TOTAL	EXPENDITUR	E
		Cost of
		raising		Scholarship	Preaching			Total Funds
		funds	Literature	&education	&teaching	LPI	Hookses	2023
		E	S	6	6	6	S	6
Grants (note 8)			412,351	742,291	54,406	15,000		1,224,048
Other direct
Programme			256,841	51,495	142,421	65,972	26,100	542,829
Literature Trading			332,786					332,786
Programme	indirect
costs
Wages &Salaries		185,313	362,881	100,865	121,120	334,093		1,104,272
LSC salary and cost allocation			83,036	1,175	6,014	(90,288)
General support costs		141,712	223,166	159,990	903,790	286,539		1,715,197
		327,088	1,671,061	1,055,816	1,227,751	611,316	26,100	4,919,132

		Cost of
		raising		Scholarship	Preaching			Total Funds
		funds	Literature	&education	&teaching	LPI	Hookses	2022
		6	6		6	6	6	f
Grants (note	8)		497,720	517,641	75,250	6,399		1,097,010
Other direct
Programme			278,949	36,848	62,127	751	21,215	399,890
Literature Trading			415,546					415,546
Programme	indirect
costs
Wages &Salaries		144,186	404,340	110,590	104,258	295,324		1,058,698
LSC salary and cost allocation			52,117	727	3,731	(56,575)
General support costs		58,934	169,926	115,498	475,123	250,250		1,069,731
		203,120	1,818,598	781,304	720,489	496,149	21,215	4,040,875

Scholarships	Scholarships	Scholarships
Preaching
Literature
Langham	International
Total
Grants paid		in the year can be analysed:
Individuals
Institutions

2023	2022
Total	Total
Funds	Funds
742,291	517,642
54,406	75,249
412,351	497,720
15000	6399
1,224,048	1,097,010
No	f
13,025	499,976
883	724,072
	1,224,048

STAFF	COSTS	AND	R	ELATED PARTY	TRANSACTIONS
						2023	2022
							6
Wages	and salaries					956,789	891,686
Social security costs						78,640	73,795
Pension	costs					80,781	78,139
Other Benefits						14096	13848
						1,130,306	1,057,468
Average	monthly	number		ofstaff:		No	No
Office and programme			staff			43	41
The number of employees				whose emoluments	exceeded 660,000were:
						2023	2022

NET INCOME/(EXPENDITURE)
This is stated affer charging:	2023 6	2022f
Auditors' remuneration:
-for audit services: current year	18,025	14,150
-for audit services: prior year under (over) accrual
-for non-audit services
Depreciation	49,302	44,833

TA	NGIB	LE FIXEDASSETS
			Freehold	land	Freehold	Freehold	Assets under	Furniture,	Total
					building LSC	building	construction	fittings and
				f	E	Hookses E	E	equipment E
Cost	and	valuation
		At 1st July 2022	340,000		1,437,635	503,169		98,705	2,379,509
		Additions			2,552			17,619	20,171
		Disposal
		At 30th June 2023	340,000		1,440,187	503,169		116324	2 399680
		Depreciation
		At 1st July 2022			23,961			46,492	70,453
		Disposal
		Charge for the year			28,804			20,498	49,302
		At 30th June 2023			52,765			66,990	119,755
		Net book value
		At 30th June 2023	340,000		1,387,422	503,169		49,334	2,279,925
		At 30th June 2022	340,000		1,413,675	503,169		52,213	2,309,057

FIXEDASSET INVESTMENTS	FIXEDASSET INVESTMENTS	Listed	Cash
		Investments	deposits	Total	Total
		2023	2023	2023	2022
		6	6		E
UK Investments
At 1"July 2022		363,327	1,000	364,327	402,562
Disposals		(224,261)		(224,261)
Net investment	(losses)/gains	25,649		25,649	38234
Market value at	30'" June 2023	113,417	1,000	114,417	364,328
Historic cost as	at 30a June 2023	225,177	1,000	226,177	226,177

STOCK
		2023	2022
		6	6
Stock of	books	133,056	80,016
DEBTORS
		2023 5	2022f
Trade debtors		26,298	67,879
Other debtors and Prepayments		58,806	56,355
Accrued	Income	323199	27815
		408,303	152,049

CREDITORS: Amounts falling due within one ye	ar
	2023	2022
	6
Other creditors Banklosn	297,699	273,324 596,066
Other Loans	610,000	50,000
Accruals	69,439	63,782
Income in advance	80,225
	1,057,363	983,172

PROVISIONS: Amounts falling due within one	year
	2023	2022
	6	6
Provision	7 116	7 116
	7,116	7,116

														Nst gains/	Nst gains/
														(losses) on
														sale of
					Balance at 01.07.22 E	Income 6			Expenditure f		Transfers E Investment Gains/(Loss) E			property, plant and equ!pment E		Balance at 30.06.23
General fund
LPUKI					130,366	1,382,539			(459,748)		(912,925)		(25,649)			114,583
Programmes						568,080				(30,251)	(537,829)
LPI						226		516		226 550
					130,366	2,177,135			(716,549)		(1,450,754)		(25,649)			114,583
Designated	funds:
Programmes Reserves Policy			Fund		(363,850) 279,222		157,830		(1,211,351)		1,207,276 20,778					(210,095) 300,000
LPI LPI Strategic		Opportunities			138,282 12,005		35,607 936		(292,835)			92,700				(26,246) 12,941
LPI Working				Capital
Reserve					24,000											24,000
LSC Property		Development			978341			212		8405		130000				1,100148
					1,068,000		194,585		(1,512,591)		1,450,754					1,200,748
															Net gains/
															(losses) on
															sale of
					Balance 01.07.21 E	at	Income E			Expenditure 6		Transfers f	Investmentl Gains/(Loss] E		property, plant and equipment E	Balance at 30.06.22 E
General	fund
LPUKI					131,976			727,665		(314,937)		(376,103)	(38,235)			130,366
Programmes								642,537		(522,560)		(119,977)
LPI								195,698		195,698
					131976			1 565	900	1 033,195		496080	38235			130366
Designated		funds:
Programmes Reserves Policy				Fund	(145,458) 277,612			217,344		(696,792)		261,056 1,610				(363,850) 279,222
LPI					178,043			58,526		(164,292)		102,010				174,287
LSC Property			Development		966 433				3	11,532		23437				978,341
					1 276,630			275	873	872,616		388113				1 068 000

							Net gains/
							gosses)
							on sale of
		Balance					property,	Balance
		01.07.22 6	Income	Expenditure E	Transfers E	Investment Gains 6	plant and equipment f	30.06.23 6
Scholarship Fund		281,257	860,000	(904,651)	6,000			242,606
Hookses	Fund	579,193	26,140	(26,100)				579,233
LPI			38,461	(38,461)
LPI —International
Ministry Director		2,819	10,222	(2,846)	(6,000)			4,195
Preaching	Seminars
Fund		165,707	844,471	(988,175)				22,003
Literature	Fund	2,603	637,406	(510,251)	(102,783)			26,975
PD General Fund		5,373	65,904	(174,060)	102,783
PD Europe Fund			1,813	(1,813)
PD East Asia Fund			13,635	(13,635)
Windows	on the Text	154,771	40,982	(30,000)				165,753
		1,191,723	2,539,034	(2,689,992)				1,040,765

						Net gains/
						(losses)
						on sale of
	Balance					property,	Balance
	at 01.07.21 E	Incomef	Expenditure E	Transfers 6	Investment Gains 6	plant and equipment 6	at 30.00.22 E
John Stott Memorial
Fund Scholarship Fund Langham Service	1,427 317,915	528,477	(1,427) (565,135)					281,257
Centre	2,099	43,550	(45,649)
Hookses Fund LPI	576,982 19,110	23,427 34,541	(21,215) (53,651)					579,194
LPI —International
Ministry Director Preaching Seminars	6,072	3,759	(7,012)					2,819
Fund Literature Fund PD General Fund Windows on the Text	248,649 27,314 6,250 106,659	610,396 579,090 34,787 48,543	(681,328) (603,801) (155,642) (431)	(12,010) 119,977				165,707 2,603 5,372 154,771
	1,312,477	1 906,570	2,135,291	107967			1	191723

		Tangible	Investments	Net	Non Current	Total
		Fixed		Current	Assets	2023
		Assets		(Liabilities)
Unrestricted	Funds
General Funds		49,333	114,417	(49,167)		114,583
Designated	Funds	1,727,423		(526,674)		1,200,749
Restricted	Funds	503,169		537,595		1,040,764
		2,279,925	114,417	(38,246)		2,356,096
		Tangible	investments	Net	Non Current	Total
		Fixed		Current	Assets	2022
		Assets		Assets
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