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|---|---|---|---|---|
|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|
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||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|
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|||||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)|
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||||||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)|
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||||||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|
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|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|
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|||||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|
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|||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|
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