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