| 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 | 10 | 15 | 25 |
| Second Year | 5 | 2 | 7 |
| Third Year | 5 | 2 | 7 |
| Fourth Year | 5 | 15 | 20 |
| Grand total | 25 | 34 | 59 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| Funds | Funds | Total | Total | |||
| INCOMING RESOURCES | 5 | |||||
| Donations and legacies | ||||||
| General gifts and legacies received Tax recoverable on gift aid income |
103,598 201 |
34,824 1,813 |
138,422 2,014 |
78,134 11,536 |
||
| 103,799 | 36,637 | 140,436 | 89,670 | |||
| Other income | ||||||
| Bank interest received | 69 | 69 | 122 | |||
| Sales ofKaren publications | 2,530 | 2,530 | 2,454 | |||
| Other sales and fees received | 9,436 | 9,436 | 7,761 | |||
| 12,035 | 12,035 | 10,337 | ||||
| TOTAL INCOMING RESOURCES | 115,834 | 36,637 | 152,471 | 100,007 | ||
| RESOURCES EXPENDED | ||||||
| Charitable activities (excluding capital expenditure |
||||||
| shown in note 2to the accounts) | ||||||
| Bible School | 30,044 | 22,832 | 52,876 | 59,230 | ||
| Mae Sariang orphanage | 4,737 | 11,681 | 16,418 | 16,736 | ||
| Media | 9,387 | 1,062 | 10,449 | 16,727 | ||
| Relief | 6,204 | 6,204 | 6,387 | |||
| Thailand administration expenses |
14,248 | 1,062 | 15,310 | 11,513 | ||
| 64,620 | 36,637 | 101,257 | 110,593 | |||
| Governance costs |
||||||
| UK accountancy fees |
1,200 | 1,200 | 1,200 | |||
| Thailand audit fees |
379 | |||||
| 1,200 | 1,200 | 1,579 | ||||
| Other expenditure | ||||||
| Overseas travel, visas and work permits | 12,982 | |||||
| Overseas directors' salaries |
3,200 | |||||
| UK website, communications | and compliance | 439 | 439 | 507 | ||
| Depreciation and profit/loss |
on sale | offixed assets | 13,585 | 13,585 | 10,558 | |
| Exchange loss on overseas bank balances | 2,131 | 2,131 | 695 | |||
| Bank charges | 176 | 176 | 132 | |||
| 16,331 | 16,331 | 28,074 | ||||
| TOTAL RESOURCES EXPENDED | 82,151 | 36,637 | 11$,788 | 140,246 | ||
| NET INCOMING/(OUTGOING) | RESOURCES | |||||
| FOR THE YEAR and | ||||||
| NET MOVEMENT IN FUNDS | 33,6$3 | 33,683 | (40,239) |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| RECONCILIATION | OF FUNDS (Note 1(g)to the accounts) | ||||||
| Unrestricted funds: | |||||||
| General Fund | |||||||
| Fund brought forward |
396,396 | 436,635 | |||||
| Incoming resources for | the year | 115,834 | 68,127 | ||||
| (Outgoing) resources |
for the year | (82,151) | (108,366) | ||||
| Fund carried forward | 430,079 | 396,396 | |||||
| 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 | 20,708 | 13,361 | ||||
| Orphan sponsorships Staff sponsorships |
10,619 5,310 |
13,156 5,363 |
|||||
| 36,637 | 31,880 | ||||||
| (Outgoing) resources |
for the year: | ||||||
| Bible School Mae Sariang orphanage |
(22,832) (I1,681) |
(16,924) (13,775) |
|||||
| Media | (1,062) | (787) | |||||
| Thailand administration |
expenses | (1,062) | (394) | ||||
| (36,637) | (31,880) |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Note | 5 | ||||||
| FIXEDASSETS | |||||||
| Tangible assets (Thailand) | 334,276 | 346,248 | |||||
| CURRENT ASSETS | |||||||
| Debtors | 4,184 | 2,170 | |||||
| Cash at bank and in hand: | |||||||
| United Kingdom | 90,432 | 49,970 | |||||
| Thailand | 27,387 | 24,208 | |||||
| 122,003 | 76,348 | ||||||
| CREDITORS: Amounts | falling due | ||||||
| within one year | (1,200) | (1,200) | |||||
| NET CURRENT ASSETS | 120,803 | 75,148 | |||||
| TOTAL ASSETSLESS | |||||||
| CURRENT LIABILITIES | 455,079 | 421,396 | |||||
| NET ASSETS | 455,079 | 421,396 | |||||
| FUNDS (see page 8) | 1(g) | ||||||
| Unrestricted Funds: |
|||||||
| General Fund | 430,079 | 396,396 | |||||
| Designated Fund: Orphanage |
Reserve | 25,000 | 25,000 | ||||
| 455,079 | 421,396 | ||||||
| Restricted Funds: | |||||||
| Sponsorship Fund |
|||||||
| TOTALFUNDS | 455,079 | 421,396 |
| 2 FIXEDASSETS | ||||||
|---|---|---|---|---|---|---|
| Music, | ||||||
| Land & | Equipment | studio&PA | Furniture | Motor | ||
| buildings | &instllns | equipment | &fittings | vehicles | Total | |
| g | g | |||||
| Cost | ||||||
| At 1 January 2021 |
407,956 | 24,698 | 33,466 | 44,223 | 40,492 | 550,835 |
| Additions in the year |
813 | 612 | 1,135 | 2,560 | ||
| Disposals in the year |
(1,263) | (1,263) | ||||
| At 31 December 2021 | 407,956 | 25,511 | 32,815 | 45,358 | 40,492 | 552,132 |
| Depreciation | ||||||
| At 1 January 2021 |
85,803 | 20,735 | 28,820 | 38,120 | 31,109 | 204,587 |
| Charge for the year | 7,157 | 1,194 | 1,078 | 1,810 | 2,346 | 13,585 |
| Eliminated on disposals |
(316) | (316) | ||||
| At 31 December 2021 | 92,960 | 21,929 | 29,582 | 39,930 | 33,455 | 217,856 |
| Net book value | ||||||
| At 31December 2021 | 314,996 | 3,582 | 3,233 | 5,428 | 7,037 | 334,276 |
| At 31December 2020 | 322,153 | 3,963 | 4,646 | 6,103 | 9,383 | 346,248 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| g | g | ||||
| Tax recoverable | on gift aid | income | 4,184 | 2,170 | |
| 4 CREDITORS: Amounts | falling due within one year | ||||
| 2021 | 2020 | ||||
| g | |||||
| Expenditure | accruals | 1,200 | 1,200 |
| General | Designated | Restricted | |||
|---|---|---|---|---|---|
| Fund | Funds | Funds | Total | ||
| g | |||||
| Tangible fixed assets | 334,276 | 334,276 | |||
| Debtors | 4,184 | 4,184 | |||
| Cash at bank and in hand | —UK | 65,432 | 25,000 | 90,432 | |
| —Thailand | 27,387 | 27,387 | |||
| Creditors | (1,200) | (1,200) | |||
| Net assets at 31December | 2020 | 430,079 | 25,000 | 455,079 |