##
##
##
||||||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|
##