| Trustees | Stephen White | ||||
|---|---|---|---|---|---|
| Paul Smith | |||||
| Charlotte Hutchinson |
|||||
| Gavin Howard | |||||
| Justin Hill |
|||||
| Luke Johnson | (Appointed | 6December | |||
| 2021) | |||||
| Secretary | Leonard Esterhuizen | ||||
| Charity number | 1097267 | ||||
| Company | number | 4686283 | |||
| Registered | office | 1st Floor, Tower House | |||
| Latimer Park | |||||
| Chesham | |||||
| Bucks | |||||
| HPS 1TU | |||||
| Auditor | Summers Morgan |
||||
| First Floor, Sheraton | House | ||||
| Lower Road | |||||
| Chorleywood | |||||
| Hertfordshire | |||||
| WD3 5LH | |||||
| Bankers | Banque de Credit de | Bujumbura | |||
| Avenue Patrice Lumumba | |||||
| Bujumbura | |||||
| Burundi | |||||
| National Westminster |
Pic | ||||
| 63 High Street | |||||
| Bumham | |||||
| Slough | |||||
| SL1 7JU | |||||
| Solicitors | Lawson Lewis &Co, | ||||
| 37 Brassey Avenue | |||||
| Hampden Park |
|||||
| Eastboume | |||||
| BN22 9QD |
| Page | ||
|---|---|---|
| Trustees' report |
1-6 | |
| Statement ofTrustees' | responsibilities | |
| Independent auditor's |
report | 8-to |
| Statement offinancial | activities | |
| Balance sheet | 12-13 | |
| Statement ofcash flows | 14 | |
| Notes to the financial | statements | 15-27 |
| Unrestricted | Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | 2021 | 2020 | ||
| general | designated | |||||
| Notes | 5 | 5 | ||||
| Income from: | ||||||
| Donations and legacies |
990,093 | 507,177 | 1,497,270 | 1,661,115 | ||
| Commercial trading operations |
7,842 | 7,842 | 8,212 | |||
| Investments | 1,777 | 1,777 | 2,310 | |||
| Total income | 999,712 | 507,177 | 1,506,889 | 1,671,637 | ||
| ~E* Cht |
||||||
| Raising funds | 2,705 | 2,705 | 4,609 | |||
| Charitable activities |
6 | 1,117,861 | 166,845 | 492,644 | 1,777,350 | 1,730,005 |
| Total resources expended | 1,120,566 | 166,845 | 492,644 | 1,780,055 | 1,734,614 | |
| Net (expenditure)/income | for the year/ | |||||
| Net (outgoing)/incoming | resources | (120,854) | (166,845) | 14,533 | (273,166) | (62,977) |
| Other recognised gains and losses | ||||||
| Other gains or losses | 11 | (4,796) | (4,796) | 1,327 | ||
| Net movement in funds |
(125,650) | (166,845) | 14,533 | (277,962) | (61,650) | |
| Total funds brought forward |
469,031 | 313,736 | 5,549 | 788,316 | 849,966 | |
| Total funds carried forward | 343,381 | 146,891 | 20,082 | 510,354 | 788,316 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | 8 | 6 | f | ||||
| Fixed assets | |||||||
| Tangible assets | 12 | 451 | 756 | ||||
| Programme | related | investments | 13 | 35,872 | 84,893 | ||
| 36,323 | 85,649 | ||||||
| Current assets | |||||||
| Stocks | 14 | 5,684 | 8,389 | ||||
| Debtors | 15 | 28,730 | 46,217 | ||||
| Cash at bank and in | hand | 458,093 | 677,464 | ||||
| 492,507 | 732,070 | ||||||
| Creditors: | amounts | falling due within | |||||
| one year | 16 | (18,476) | (29,403) | ||||
| Net current | assets | 474,031 | 702,667 | ||||
| Total assets less current liabilities | 510,354 | 788,316 | |||||
| Income funds | |||||||
| Restricted | funds | 17 | 20,082 | 5,549 | |||
| Designated | funds | 18 | 146,891 | 313,736 | |||
| General unrestricted | funds | 343,381 | 469,031 | ||||
| 510,354 | 788,316 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | f | 5 | ||||||
| Cash flows from operating | activities | |||||||
| Cash absorbed by operations |
21 | (221,148) | (121,123) | |||||
| Investing | activities | |||||||
| Purchase | oftangible fixed assets |
(568) | ||||||
| Investment | income received | 1,777 | 2,310 | |||||
| Net cash | generated from investing |
|||||||
| activities | 1,777 | 1,742 | ||||||
| Net cash | used in financing | activities | ||||||
| Net decrease in cash and | cash equivalents | (219,371) | (119,381) | |||||
| Cash and | cash equivalents | at beginning | ofyear | 677,464 | 796,845 | |||
| Cash and | cash equivalents | at end of | year | 458,093 | 677,464 |
| Unrestdcted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| general | general | ||||
| 2021 | 2020f | ||||
| Non-charitable | trading | activities | 7,842 | 8,212 | |
| 4 | Investments | ||||
| Unrestricted | Unrestricted | ||||
| funds | funds | ||||
| general | general | ||||
| 2021 | 2020 | ||||
| f. | f | ||||
| Interest receivable | 1,777 | 2,310 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| general | general | ||||
| 2021 | 2020 | ||||
| 6 | 5 | ||||
| Other fundraising | costs | 2,705 | 4,609 | ||
| 6 | Charitable | activities |
| Chantrable | Charitiable | ||||
|---|---|---|---|---|---|
| Activities in |
Activities in |
||||
| Burundi | Burundi | ||||
| 2021 | 2020 | ||||
| 6 | 6 | ||||
| Staffcosts | 9,715 | 6,658 | |||
| Depreciation | 142 | 142 | |||
| Direct charitable | activities | 28,751 | 26,571 | ||
| 38,608 | 33,371 | ||||
| Grant funding | of | activities (see note 7) | 1,485,980 | 1,439,642 | |
| Share ofsupport | costs (see note 8) | 243,006 | 247,476 | ||
| Share ofgovernance | costs (see note 8) | 9,756 | 9,516 | ||
| 1,777,350 | 1,730,005 | ||||
| Analysis by |
fund | ||||
| Unrestricted | funds - | general | 1,117,861 | 1,147,414 | |
| Unrestricted | funds - | designated | 166,845 | 224,277 | |
| Restricted funds |
492,644 | 358,314 | |||
| 1,777,350 | 1,730,005 |
| Charitiable | Charitiable | ||||
|---|---|---|---|---|---|
| Activities in |
Activities in |
||||
| Burundi | Burundi | ||||
| 2021 | 2020 | ||||
| 8 | 8 | ||||
| Grants to institutions: | |||||
| Scripture Union |
100,070 | 99,705 | |||
| Youth for Christ Burundi | 37,230 | 60,875 | |||
| Partners Trust International | 25,465 | 20,723 | |||
| Harvest initiatives |
11,825 | 19,908 | |||
| Evangelism Explosion |
42,421 | 15,329 | |||
| New Generation | 64,473 | 39,151 | |||
| Union Des Groupes | Bibllques | Du Burundi (UGBB) | 13,355 | 12,565 | |
| APRID | 16,844 | 25,594 | |||
| Antioch Foundation | 197,732 | 116,567 | |||
| Bravo Ministries | 508 | 10,072 | |||
| Kings Conference Centre (Scripture | Union) | 457,001 | 504,026 | ||
| Christian Initiatives for Peace |
(Various) | 7,779 | |||
| Igniting Communities |
for Jesus (formerly J-Life) | 56,227 | 61,308 | ||
| Bible Society | 16,838 | ||||
| Heritage TV | 28,433 | 44,875 | |||
| Other | 254,381 | 241,776 | |||
| 1,322,803 | 1,280,253 | ||||
| Grants to individuals | 163,177 | 159,389 | |||
| 1,485,980 | 1,439,642 |
| Support costs | ||||||
|---|---|---|---|---|---|---|
| Support | Governance | 2021 | Support costs | Governance | 2020 | |
| costs | costs | costs | ||||
| f | f | F. | ||||
| Staff costs | 197,985 | 197,985 | 193,647 | 193,647 | ||
| Depreciation | 163 | 163 | 695 | 695 | ||
| UK office administration | 44,858 | 44,858 | 53,134 | 53,134 | ||
| Audit fees | 3,600 | 3,600 | 3,700 | 3,700 | ||
| Legal and professional | 6,156 | 6,156 | 5,816 | 5,816 | ||
| 243,006 | 9,756 | 252,762 | 247,476 | 9,516 | 256,992 |
| YFC | f515 | (2020:f480) | ||
|---|---|---|---|---|
| J-Life | f145 | (2020:f10,284) | ||
| PTI Named |
Individual | F3,750 | (2020:F3,750) f500 |
|
| Greenland Alliance |
f2,750 | |||
| King's | Conference | Centre | f15,000 | |
| New Generation | f50 |
| The av | erage monthly number ofemployees during |
the year was: | |
|---|---|---|---|
| 2021 | 2020 | ||
| Number | Number | ||
| Burundi | |||
| United | Kingdom | ||
| Total |
| 10 | Employees | (Continued) | |
|---|---|---|---|
| Employment costs |
2021 | 2020 | |
| 6 | 8 | ||
| Wages and salades | 189,744 | 165,974 | |
| Social security costs | 11,756 | 15,564 | |
| Other pension costs | 6,200 | 6,622 | |
| 207,700 | 188,160 |
| 2021 | 2020 |
|---|---|
| Number | Number |
| 660,001 tof70,0000 | |||
|---|---|---|---|
| 11 | Other gains orlosses | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| general | general | ||
| 2021 | 2020 | ||
| Z | |||
| Foreign exchange gains | 4,796 | (1,327) |
| 12 | Tangible fixed assets | |||||
| Webeite | Fixtures, | Total | ||||
| fittings | & | |||||
| equipment | ||||||
| E | ||||||
| Cost | ||||||
| At 1 January 2021 | 6,640 | 13,343 | 19,983 | |||
| At 31 December 2021 | 6,640 | 13,343 | 19,983 | |||
| Depreciation and impairment |
||||||
| At 1 January 2021 | 6,640 | 12,587 | 19,227 | |||
| Depreciation charged |
in the year | 305 | 305 | |||
| At 31 December 2021 | 6,640 | 12,892 | 19,532 | |||
| Carrying amount |
||||||
| At 31 December 2021 | 451 | 451 | ||||
| At 31 December 2020 | 756 | 756 | ||||
| 13 | Programme related investments |
|||||
| Loans | ||||||
| E | ||||||
| At 1 January 2021 | 84,893 | |||||
| Loan increase | 30,621 | |||||
| Amounts converted to |
grant | (7,271) | ||||
| Loan repayments | (72,371) | |||||
| At 31 December 2021 | 35,872 |
| Stocks | |||||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| E | |||||||
| Finished | goods | and | goods | for | resale | 5,684 | 8,389 |
| 15 | Debtors | |||
|---|---|---|---|---|
| Amounts falling due |
within one year: | 2021 6 |
2020f | |
| Other debtors | 28,730 | 46,217 | ||
| 16 | Creditors: amounts | falling due within one year | ||
| 2021 | 2020 | |||
| 6 | 6 | |||
| Accruals and deferred | income | 18,476 | 29,403 |
| Movement | in funds | Movement | in funds | |||||
|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Balance at | Incoming | Resources | Balance at | ||
| 1January 2020 | resources | expended1 | January | 2021 | resources | expended | 31December | |
| 2021 | ||||||||
| 6 | ||||||||
| Youth for | ||||||||
| Christ- | ||||||||
| various | ||||||||
| projects | 113 | 46,648 | (46,716) | 45 | 30,297 | (30,297) | 45 | |
| Antioch | ||||||||
| Foundation | 116,567 | (116,567) | 154,203 | (154,203) | ||||
| Kings | ||||||||
| Conference | ||||||||
| Centre | 14,184 | (14,184) | 33,622 | (33,622) | ||||
| Scripture | ||||||||
| Union | 18,412 | (18,412) | 22,754 | (22,754) | ||||
| New | ||||||||
| Generation | 8,469 | (8,469) | 20,368 | (20,368) | ||||
| Christmas | ||||||||
| fund | 7,500 | (7,500) | 18,786 | (18,608) | 178 | |||
| BBAC | 620 | (520) | 100 | 546 | (646) | |||
| Bravo | ||||||||
| Ministries | 6,102 | (6,102) | 2,683 | (2,683) | ||||
| Partners | ||||||||
| Trust | ||||||||
| International | 9,320 | (9,275) | 45 | 9,110 | (9,110) | 45 | ||
| APRID | 7,522 | (7,522) | 3,255 | (3,255) | ||||
| Igniting | ||||||||
| Communities | ||||||||
| for Jesue | ||||||||
| (formerly J- | ||||||||
| Life) | 1,216 | 28,700 | (29,470) | 446 | 2,453 | (2,863) | 36 | |
| Individual | ||||||||
| specific | ||||||||
| recipients | 5,813 | 52,602 | (54,525) | 3,890 | 11,063 | (8,461) | 6,492 | |
| Other | ||||||||
| institutions | 16,602 | 23,473 | (39,052) | 1,023 | 198,037 | (185,774) | 13,286 | |
| 37,928 | 325,935 | (358,314) | 5,549 | 507,177 | (492,644) | 20,082 |
| Balance at | Resources | Balance at | Resources | Balance at | ||||
|---|---|---|---|---|---|---|---|---|
| 1 | January 2020 |
expended1 | January 2021 |
expended | 31December | |||
| 2021 | ||||||||
| 6 | ||||||||
| Kings | Conference | Centre | 538,013 | (224,277) | 313,736 | (166,845) | 146,891 | |
| 538,013 | (224,277) | 313,736 | (166,845) | 146,891 |
| 21 | Cash generated from |
operatio | ns | 2021 8 |
2020f | |||
| Deficit for the year | (273,166) | (62,977) | ||||||
| Adjustments for: |
||||||||
| Investment income recognised |
in statement | offinancial activities | (1,777) | (2,310) | ||||
| Foreign exchange differences | (4,796) | 1,327 | ||||||
| Depreciation and impairment oftangible |
fixed assets | 305 | 837 | |||||
| Movements in working |
capital: | |||||||
| Decrease/(increase) in |
programme | related | assets | 49,021 | (63,022) | |||
| Decrease/(increase) in |
stocks | 2,705 | (5,990) | |||||
| Decrease in debtors |
17,487 | 3,423 | ||||||
| (Decrease)ffincrease in |
creditors | (10,927) | 7,589 | |||||
| Cash absorbed by operations |
(221,148) | (121,123) | ||||||
| 22 | Analysis ofchanges | in net funds | ||||||
| The Charity had no debt during | the | year. |