2021-12-31-accounts - Revelation Foundation

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			Page
Report ofthe Trustees			1 to 6
Report ofthe Independent		Auditors	7to9
Statement ofFinancial	Activities		10
Balance Sheets
Cash Flow Statement			12
Notes to the Financial	Statements		13to 23

		2021	2021	2021	2020
		Unrestricted	Restricted	Total	Total Funds
		Funds	Funds	Funds
	Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacies		1,915,549	189,135	2,104,684	2,288,337
Other trading activities		101,898		101,898	111,888
Income from investments				3	27
Total income and endowments		2 017450	189 135	2 206 585	2400252
EXPENDITURE ON:
Expenditure on raising funds		26,115	17,137	43,252	45,588
Expenditure on charitable activities		1,639,718		1,639,718	1,578,277
Expenditure on governance		34 902		34 902	23 536
Total expenditure		1,700,735	17,137	1,717,872	1,647,40]
NET INCOME		316,715	171,998	488,713	752,851
Other recognised gains/(losses)		337393		337 393	277 293
Unrealised foreign exchange
Net movement in funds		(20,678)	171,998	151,320	980,144
RECONCILIATION OF FUNDS
Total funds brought forward		2 473 520	3 466 938	5 940 458	4 960314
TOTAL FUNDS CARRIED FORWARD		2 452 842	3 638 936	6 091778	5 940458

			Group	Group	Charity	Charity
			2021	2020	2021	2020
		Notes
FIXEDASSETS
Tangible assets		11	4,757,000	4,633,449	49,384	11,485
Investments		12			702 911	702 911
			4 757 000	4 633 449	752 295	714 396
CURRENT ASSETS
Debtors		13	378,833	398,969	4,304,588	4,230,429
Cash at bank			1,139,027	967,965	1,138,601	961,947
			1,517,860	1,366,934	5,443,189	5,192,376
CREDITORS
Amounts falling due within	one year	14	183082	59925	72 114	50258
NET CURRENT ASSETS			1 334778	1 307.009	5 371075	5 142 118
NET ASSETS			~6 091 7 8	5 940 458	6 123370	5 856 514
FUNDS
Unrestricted funds		15	2,452,842	2,473,520	2,484,434	2,389,576
Restricted funds		16	3,638,936	3,466,938	3,638,936	3,466,938
TOTAL FUNDS			6,091,778	5,940,458	6,123,370	5,856,514

						2021	2020
						Group	Group
Cash flow from operating	activities:
Net cash provided by operating activities						326,084	967,387
Cash flow from investing	activities:
Purchase ofproperty, plant	and equipment					155022	841 852
Change in cash and cash equivalents		in	the
reporting period						171,062	125,535
Cash and cash equivalents	at the beginning			ofthe
reporting period						967965	842 430
Cash and cash equivalents	at the end	of	the
reporting period						1 139027	967965
Reconciliation ofnet income/(expenditure)				to net cash flow from operating	activities:
Net income/(expenditure)	for reporting		period (as per
the statement offinancial	activities)					151,320	980,144
Depreciation charges						31,471	18,579
(Increase)/Decrease in debtors						20,136	(23,261)
(Decrease)/Increase in creditors						123 157	~8075
Net cash provided by/(used	in) operating		activities			326 084	967 387

DONATI	ONS AND LEGACIES
		Unrestricted	Restricted	Total Funds	Total Funds
		Funds	Funds	2021	2020
Donations	received from supporters	1,690,973	163,743	1,854,716	1,954,175
Legacies		49,926		49,926	122,680
Tax repayable		174650	25 392	200 042	211482
		1 915549	189 135	2 104684	2 288 337

OTHER TRADING	ACTIVITIES
		Unrestricted	Unrestricted
		and Total	and Total
		Funds	Funds
		2021	2020
Hire ofequipment/use	ofplatform	101,898	91,740
Foreign exchange gain			20 148
		101 898	111888

			Unrestricted	Restricted	Total Funds	Total Funds
			Funds	Funds	2021	2020
Deposit account interest	and dividends	received
2020 Fund allocation:
Ofthe f27 income from	investments	received f27	was restricted	and KNil was unrestricted.

EXPENDI	TUR	E ON RAISING FUND	S
			Unrestricted	Restricted	Total Funds	Total Funds
			Funds	Funds	2021	2020
Wages				2..373	2,373	2,800
Consultancy	costs		4,513	5,506	10,019	9,867
Postage, printing		& stationery	21 602	9258	30 860	32 921
				~7l 7

							Unrestricted and
					Unrestricted	Total Funds	Total Funds
					Funds	2021	2020
Wages					80,042	80,042	83,517
Satellite, broadcasting			and other	direct costs	36,563	36,563	31,729
Premises costs					49,318	49,318	45,748
Travel and subsistence					10,796	10,796	13,224
Computer expenses					20,372	20,372	24,789
Consultancy	costs				92,433	92,433	87,164
Subscriptions					13,624	13,624	9,570
Sundry expenses					1,206	1,206	705
Postage, printing		& stationery			30,861	30,861	39,921
Staff we 1fare					340	340	340
Telephone					17,250	17,250	16,658
Donations					1,215,119	1,215,119	1,184,289
Irrecoverable	VAT and other taxes				24,744	24,744	23,403
Depreciation	of	plant,	machinery	etc.	31,471	31,471	18,579
Insurance					15.579	15579	546I
					~13~97~1	~6735	78 77

		Unrestricted	and	Unrestricted	Unrestricted	and
		Total Funds		Total	Funds
			2021			2020
Professional fees		10,999				6,822
Legal fees			6,365
Auditors' remuneration			9,000			9,000
Interest payable and	similar charges		8 538			7714
INCOME/EXPENDITURE
Income/Expenditure	is stated after charging:
			Total		Total
		Funds		Funds
			2021			2020
Auditors' remuneration Depreciation —owned assets		9,000 ~41		~I	9,000

				2021	2020
Wages	and	salaries		82 415	86 317
There	were	no staff'earning	more than f60,000.

The average	number ofemployees analysed by function	was as follows:
		2021	2020
Charitable	services
Fundraising

TANGIBLE FIXED ASSETS
	Freehold	land	Studio,	camera and	Total
Group	and buildings		computer	equipment
COST
At 1 January 2021	4,621,964			994,500	5,616,464
Additions	414,324			69,369	483,693
Foreign exchange movements	~328 671				~328 671
At 31 December 2021	4 707	617		1 063 869	5,771,486
DEPRECIATION
At 1 January 2021				983,015	983,015
Charge for the year				31 471	31,471
At 31 December 2021				1014486	1,014.,486
NET BOOK VALUE
At 31 December 2021	4 707	17		4~9" 3	4,757,000
At 31 December 2020	46219 4			114	4,633,449
			Studio,	camera and	Total
Charity			computer	equipment
COST
At 1 January 2021				882.403	882,403
Additions				69,370	69,369
At 31 December 2021				951,773	951,772
DEPRECIATION
At 1 January 2021				870,918	870,918
Charge for year				31,471	31,471
At 31 December 2021				902,389	902,389
NET BOOK VALUE
At 31 December 2021				49,384	49,383
At 31 December 2020				11,485	11,485

Charity	Shares	in group
	undertakings
MARKET VALUE
At 1 January 2021		702,911
At 31 December 2021		702,911
NET BOOK VALUE
At 31 December 2021		702,911
At 31 December 2020		702,911

Class ofshare:	holding
Ordinary	100

Class ofshare:	Class ofshare:			holding
Ordinary				100
					2021	2020
Aggregate	ofassets, liabilities		and funds		~147 339	~86 122
Incoming resources
Expenditure	on charitable	activities			57,777	42,180
Governance	costs				3 440	3 312
Total costs					61 217	45 492
(Loss) for the year					~61,217)	(45,492)

DEBTORS: AMOUNTS	FALLING	DUE WITHIN ONE YEAR
				Group			Charity
			2021		2020	2021		2020
Trade debtors			112.194		109,128	112,194		109,128
Other debtors			191,968		239,774	172,354		193,824
Tax recoverable			46,128		29,982	46,]28		29,982
Prepayments			28,543		20,085	28,543		20,085
			378,833		398,969	359,219		363.019
AMOUNTS	FALLING	DUE AFTER ONE YEAR
				Group			Charity
			2021		2020	2021		2020
Amounts owed by group		and associated				3 943 369	3	877410
undertakings
						3,945,369	3,877,410

								Group			Charity
							2021		2020	2021		2020
	Trade creditors						55,143		25,866	55,143		23,238
	Social security		and other		taxes		14,345		18,554	152		11,515
	Other creditors						113,594		15,505	16,819		15,505
							183,082		59,925	72,114		50,258
15.	MOVEMENT		IN FUNDS —UNRESTRICTED
	Group
	Unrestricted	funds				At	01.01.21			Net movement	At 31,12.21
										in funds
	General fund					2~47 520				~20 67	2	452	842
	Net movement		in funds,		included	in the above are as follows:
						Incoming		Resources		Foreign	Movement		in
						resources		expended		currency		funds
										translation
	Uttrestricted	funds
	General fund					2 0174M		~17007 5		$3~7~93+		~20	678
	Charity:
						At	01.01,21			Net movement	At 31,12,21
										in funds
	Unrestricted	funds
	General fund					2~389 7				~948 8	~44		434
	Net movement		in funds,	included		in the above are as follows:
								In corn ing		Resources	Movement		in
								resources		expended	funds
										f,
	Unrestricted	funds
	General fund							2	017449	~1.922 591		94 858

Group and ch	arity
					Net movement
				At 01.01.21	in funds	At 31.12.21
Restricted funds
Building fund				3,465,090	171,998	3,637,088
Compassion Rwanda				1 848		1	848
Total restricted	funds			4669 8	171998	@~89~6
Net movement	in funds,	included	in the above are as follows;
				Incoming	Resources	Movement	in
				resources	expended	funds
Restricted funds
Building Fund Total restricted	funds			189 135 lu, ~l	~17 137 t'17I~	171 ~171	998

Group
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
Tangible	fixed assets	1,119,912	3,637,088	4,757,000
Current	assets	378,833		378,833
Cash at Current	bank liabilities	1,137,179 ~183082	1,848	1,1394027 ~I83 082
		2 452 842	3 638936	6 091 778
Charity
		Unrestricted	Restricted	Total Funds
		Funds	Fund	2021
Tangible	fixed assets	494384		49,384
Investments		702,911		702,911
Current	assets	6674500	3,637,088	4,304,588
Cash at Current	bank liabilities	1,136,753 ~72 114	1,848	1,138,601 ~72 114
		2.484 434	3 638936	6 123370

				Unrestricted	Restricted	Restricted	Total Funds	Total Funds
				Funds		Funds	2021	2020
Incoming reserves				2017449		189 135	2 206 584	2 400 252
Costs ofgenerating	voluntary		income	26,]15		17,137	43„252	45,588
Expenditure on charitable Governance costs		activities		1,581,941 31462			1,581,941 'I 462	1,536,097 20 224
				I 639.518		17,137	I 656 655	I 601 909
Other gainsl(losses)				283 073			~283 073	182 588
Net incoming resources				94,858		171,998	266,856	980,931
Total funds brought	forward			2 389 576	3	466938	5 856 514	4 875 583
Total funds carried	forward			2 4114 434	3	38936	~612 70	5 85 14


			2021	2020	2021	2020
Operating		leases which expire
Within	1	year	34,150	16,000	34,150	16,000
Between		1 and 5 years	56,000	64,000	56,000	64,000
Over 5 years				8 000		8 000
			90 15	~8000	~901 0	~8000