2020-12-31-accounts

					Page
Trustees' Report					1-6
Independent Examiner's	Report
Statement ofFinancial	Activities	(incorporating	Income and Expenditure	Account)	8-9
Balance Sheet					10
Notes to the Accounts					11-13

	Male	Female	Total
First Year	5	2	7
Second Year	5	2	7
Third Year	5	15	20
Fourth Year	7	7	14
Grand total	22	26	48

			2020		2019
		Unrestricted	Restricted
		Fends	Funds	Total	Total
INCOMING RESOURCES			5	5	5
Donations and legacies
General gifts and legacies received Tax recoverable on gift aid income		53,706 4,084	24,428 7,452	78,134 11,536	160,757 12,933
		57,790	31,880	89,670	173,690
Other income
Bank interest received		122		122	234
Sales ofKaren publications Other sales and fees received		2,454 7,761		2,454 7,761	1,268 6,334
		10,337		10,337	7,836
TOTAL INCOMING RESOURCES		68,127	31,880	100,007	181,526
RESOURCES EXPENDED
Charitable activities (excluding capital expenditure
shown in note 2to the accounts)
Bible School		42,306	16,924	59,230	71,247
Mae Sariang orphanage Star orphanage		2,961	13,775	16,736	21,044 1,576
Media Relief		15,940 6,387	787	16,727 6,387	16,345 7,681
Thailand administration expenses		11,119	394	11,513	14,132
		78,713	31,880	110,593	132,025
Governance costs
UK accountancy fees		1,200		1,200	1,200
Thailand audit fees		379		379	390
		1,579		1,579	1,590
Other expenditure
Overseas travel, visas and work permits		12,982		12,982	1,366
Overseas directors' salaries		3,200		3,200	9,600
UK website and communications		507		507
Depreciation and profit/loss on sale	offixed assets	10,558		10,558	9,555
Exchange loss/(gain) on overseas bank balances		695		695	(3,455)
Bank charges		132		132	125
		28,074		28,074	17,191
TOTAL RESOURCES EXPENDED		108466	31,880	140,246	150,806
NET (OUTGOING)/INCOMING	RESOURCES
FOR THE YEAR and
NET MOVEMENT IN FUNDS		(40,239)		(40439)	30,720

					2020		2019
				g
RECONCILIATION	OF FUNDS (Note 1(g)to the accounts)
Unrestricted funds:
General Fund
Fund brought forward					436,635		405,915
Incoming resources for the year					68,127		151,640
(Outgoing) resources	for the year				(108,366)		(120,920)
Fund carried forward					396,396		436,635
Designated Fund: Orphanage			Reserve
Fund brought forward	and
carried forward					25,000		25,000
Restricted funds:
Sponsorship Fund
Fund brought forward
Incoming resources for the year:
Bible School student	sponsorships			13,361		11,588
Orphan sponsorships				13,156		12,240
Staff sponsorships				5,363		6,058
					31,880		29,886
(Outgoing) resources	for the year:
Bible School				(16,924)		(14,613)
Mae Sariang orphanage				(13,775)		(12,912)
Media				(787)		(2,016)
Thailand administration		expenses		(394)		(345)
					(31,880)		(29,886)
Fund carried forward

					2020			2019
FIXEDASSETS		Note		g		g
Tangible assets (Thailand)					346,248			344,164
CURRENT ASSETS
Debtors			2,170				23,719
Cash at bank and in hand:
United Kingdom			49,970				52,700
Thailand			24,208				42,252
CREDITORS: Amounts	falling due		76,348				118,671
within one year			(1,200)				(1,200)
NET CURRENT ASSETS					75,148			117,471
TOTAL ASSETSLESS
CURRENT LIABILITIES					421,396			461,635
NET ASSETS					421496			461,635
FUNDS (see page 8)		1(g)
Unrestricted Funds:
General Fund					396,396			436,635
Designated Fund: Orphanage		Reserve			25,000			25,000
					421,396			461,635
Restricted Funds:
Sponsorship Fund
TOTAL FUNDS					421,396			461,635
For the year ended 31 December 2020, the company			was entitled	to	exemption	from	audit under	subsection	1 of
section 477 ofthe Companies		Act 2006 (the Act).

2 FIXEDASSETS
			Music,
	Land &	Equipment	studio&PA	Furniture	Motor
	buildings	&instllns	equipment	&fittings	vehicles	Total
		K
Cost
At I January 2020	407,956	21,764	30,804	43,867	41,782	546,173
Additions in the year		2,934	2,662	356	11,739	17,691
Disposals in the year					(13,029)	(13,029)
At 31 December 2020	407,956	24,698	33,466	44,223	40492	550835
Depreciation
At 1 January 2020	78,646	19,415	27,271	36,086	40,591	202,009
Charge for the year	7,157	1,320	1,549	2,034	3,127	15,187
Eliminated on disposals					(12,609)	(12,609)
At 31December 2020	85,803	20,735	28,820	38,120	31,109	204,587
Net book value
At 31December 2020	322,153	3,963	4,646	6,103	9,383	346,248
At 31December 2019	329,310	2,349	3,533	7,781	1,191	344,164

3 DEBTORS
			2020	2019
			g	g
Tax recoverable	on gift aid	income	2,170	23,719
4 CREDITORS: Amounts		falling due within one year
			2020	2019
Expenditure accruals			1,200	1,200

		General	Designated	Restricted
		Fund	Funds	Funds	Total
			g	g	g
Tangible fixed assets		346,248			346,248
Debtors		2,170			2,170
Cash at bank and in hand	—UK	24,970	25,000		49,970
	-Thailand	24,208			24,208
Creditors		(1,200)			(1,200)
Net assets at 31 December	2020	396,396	25,000		421,396