2020-12-31-accounts

Contents		Pacle
Legal and administrative information
Report ofthe Trustees		2-9
Statement of financial	activities	10
Balance sheet
Statement ofcashflows		12
Notes to the financial statements		13-18
Independent auditor's	report	19-21

Stroma Beattie (Chair)
Henry Lu
Robert Mallet
Natasha Rayan
Jonathan Salkeld
Sara Sister
Jonathan Smith
Geoffrey Spence

Ke	Mana	Mana	ament Personnel:	ament Personnel:
National		Director:			Alan Tower
Regional			Development	Directors:	Sarah Dawkins
					Pete Edwards
					Susanne Koch
					Ivan Neira
Finance		Manager:			Robert Felix FCA
Principal			address:		The Rowan Centre
					All Nations Christian	College
					Easneye
					Ware
					Herts SG12 8LX
Bankers:					Bank ofScotland
					Barclays Bank pic
					CAF Bank
Auditor:					Griffin Stone Moscrop &Co.
					21-27 Lamb's Conduit Street
					London WC1N 3GS
Solicitors:					Ellis-Fermor &Negus
					2 Devonshire Avenue
					Beeston
					Nottingham
					NG9 1BS

							Restdicted	Restdicted	Unrestricted	Funds
								Fund		Designated
										Staff	Total	Total
						Note			General	Support	2020	2019
Income from:
Donations and gifts								26,668	105,480	1,562,163	1,694,311	1,546,013
Legacies									9,017	2,536	11,553	59,369
Charitable activities:
Training events and	literature sales								32,237	8,142	40,379	65,896
Investment income									14,956		14,956	41,224
Other income:
Coronavirus grant income										18,245	18,245
National insurance	rebate											3,000
Total income								26,668	161,690	1,591,086	1,779,444	1,715,502
Expenditure on:
Fundraising costs									15,064	29,458	44,522	44,982
Charitable activities								14,337	146,527	1,741,404	1,902,268	1,677,865
Total expenditure								14,337	161,591	1,770,862	1,946,790	1,722,847
Net (expenditure)/income		before revaluation
of investments								12.331	99	(179,776)	(167,346)	(7,345)
Unrealised gain on	revaluation		ofinvestment		property
Net (expenditure))income								12,331	99	(179,776)	(167,346)	(7,345)
Transfer between funds									(84,193)	84,193
Net movement in funds								12,331	(84,094)	(95,583)	(167,346)	(7,345)
Total funds brought	forward	at 1 January		2020			5	16,393	642,984	1,131,283	1,790,660	1,798,005
Total funds carried	forward	at	31 December		2020			28,724	558,890	1,035,700	1,623,314	1,790,660

				31 DECEMBER 2020	2019
Fixed assets
Tangible fixed assets			10	9,896		2,360
Investment property			11	500,000		500,000
				509,896		502,360
Current assets
Debtors			12	43,934	47,620
Cash at bank and in	hand			1,127,541	1,285,005
				1,171,475	1,332,625
Creditors: amounts	falling due
within one year			13	58,057	44,325
Net current assets				1,113,418		1,288,300
Net assets				f 1,623,314		1,790,660
Charity Funds:
Unrestdicted funds:
General funds				168,272	252,366
Revaluation reserve	relating to investment	property		390,618	390,618
Designated funds				1,035,700	1,131,283
				1,594,590		1,774,267
Restricted fund				28,724		16,393
Total funds			14	f 1,623,314		1,790,660

									Page 12.
		FRIENDS INTERNATIONAL			MINISTRIES
			STATEMENT OF CASHFLO)NS
		FOR	THE YEAR ENDED	31 DECEMBER 2020
					2020				2019
Cash used in operating activities			(see below)		(162,622)				21,790
Cash flows from investing activities
Investment income					14,956				41,224
Purchase oftangible fixed assets					(9,798)				(1,956)
Cash provided by investing activities					5,158				39,268
Cash flows from financing activities
Cash investment in short-term deposit					(75,733)				(435,000)
Cash used in financing activities					(75,733)				(435,000)
Decrease in cash and cash equivalents		in the year			(233,197)				(373,942)
Cash and cash equivalents at the	beginning		ofthe year		850,005				1,223,947
Total cash and cash equivalents	at	the end ofthe year		F	616,808				850,005
Reconciliation ofnet income to	net	cash	flow from operating	activities
Net expenditure Add back depreciation charge					(167,346) 2,262				(7,345) 712
Deduct interest income shown in investment			activities		(14,956)				(41,224)
Decrease in debtors					3,686				65,700
Increase in creditors					13,732				3,947
Net cash used in operating activities				6	(162,622)				21,790
Analysis ofnet funds					Balance	Movements			Balance
					1 January 2020			31	December 2020
Cash at bank and in hand (see note 1k)					850,005		(233,197)		616,808
Cash on deposit for more than three months (see note 1k)					435,000		75,733		510,733
				5	1,285,005	6	(157,464)	6	1,127,541

									General	Governance	Governance
									Support		costs		Total 2020	Total 2019
	Rent								16,943				16,943		16,572
	Investment property	repairs, rates and			utihty costs				6,751				6,751
	Office costs								59,568				59,568		58,705
	Legal and professional Auditor's remuneration		costs						1,558		5,520		1,558 5,520		828 5,430
	Costs relating to trustees'			meetings							1,676		1,676		3,611
							F		84,820	E	7,196	f	92,016	E	85,146
5	Net expenditure
	The total for net expenditure			ofF167,346 (2019:expenditure			F7,345	)	is stated after charging:
	Auditor's remuneration Depreciation		- in	relation to audit and		financial statements		disclosures				E f	5520 2,262		5,430 712
	Operating lease rentals		- land and buildings									E	12,T32		12,361
6	Analysis ofstaff costs, trustee remuneration					and expenses, and		the cost ofkey management					personnel
	Salaries												1,335,832		1,126,488
	National insurance												105,259		85,726
	Pension costs												159,851		125,191
												E	1,600,942		1,337,405
	Average number ofemployees, analysed				by function, was ss follows:-
	Charitable activities												67		61
	Fundraising												1		1
	Administration												2		2
													70

12	Debtors			2020	2019
	Tax recoverable			11,771	14,193
	Prepayments	and other debtors		32,163	33,427
			f	43,934	47,620

				Restricted	Restricted	Unrestricted	Funds
					Fund		Designated
						Staff Support		Total
						General	Funds	2019
Income:
Donations snd gifts					30,630	90,339	1,425,044	1,546,013
Legacy						55,430	3,939	59,369
Charitable activities:
Training events and	literature	sales				28,576	37,320	65,896
Investment income						41,224		41,224
Other income:
National insurance	rebate					3,000		3,000
Total income					30,630	218,569	1,466,303	1,715,502
Expenditure:
Fundraising costs						21,602	23,380	44,982
Charitable activities					17,501	137,512	1,522,852	1,677,865
Total expenditure					17,501	159,114	1,546,232	1,722,847
Net incoming resources before revaluation
of investments					13,129	59,455	(79,929)	(7,345)
Unrealised gain on	revaluation	of investment	property
Net income/(expenditure)					13,129	59,455	(79,929)	(7,345)
Transfer between funds						(44,818)	44,818
Net movement in funds					13,129	14,637	(35,111)	(7,345)
Total funds brought	forward at 1 January 2019			f	3,264	628,347	1,166,394	1,798,005
Total funds carded	forward at	31 December	2019	f	16,393	642,984	1,131,283	1,790,660