||||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|





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|||2021|2021|2021|2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total Funds|
|||Funds|Funds|Funds||
||Notes|||||
|INCOME AND ENDOWMENTS FROM:||||||
|Donations<br>and legacies||1,915,549|189,135|2,104,684|2,288,337|
|Other trading<br>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<br>on raising funds||26,115|17,137|43,252|45,588|
|Expenditure<br>on charitable<br>activities||1,639,718||1,639,718|1,578,277|
|Expenditure<br>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<br>gains/(losses)||337393||337 393|277 293|
|Unrealised<br>foreign exchange||||||
|Net movement<br>in funds||(20,678)|171,998|151,320|980,144|
|RECONCILIATION<br>OF FUNDS||||||
|Total funds brought<br>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<br>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<br>funds||15|2,452,842|2,473,520|2,484,434|2,389,576|
|Restricted<br>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<br>by operating<br>activities||||||326,084|967,387|
|Cash flow from investing|activities:|||||||
|Purchase ofproperty,<br>plant|and equipment|||||155022|841 852|
|Change in cash and cash equivalents||in|the|||||
|reporting<br>period||||||171,062|125,535|
|Cash and cash equivalents|at the beginning|||ofthe||||
|reporting<br>period||||||967965|842 430|
|Cash and cash equivalents|at the end|of|the|||||
|reporting<br>period||||||1 139027|967965|
|Reconciliation<br>ofnet income/(expenditure)||||to net cash flow from operating|activities:|||
|Net income/(expenditure)|for reporting||period (as per|||||
|the statement<br>offinancial|activities)|||||151,320|980,144|
|Depreciation<br>charges||||||31,471|18,579|
|(Increase)/Decrease<br>in debtors||||||20,136|(23,261)|
|(Decrease)/Increase<br>in creditors||||||123 157|~8075|
|Net cash provided<br>by/(used|in) operating||activities|||326 084|967 387|





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|DONATI|ONS<br>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|



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|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|





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||||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.|||



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|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<br>7|||



## 

||||||||Unrestricted<br>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<br>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<br>77|





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



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



|The average|number ofemployees<br>analysed<br>by function|was as follows:||
|---|---|---|---|
|||2021|2020|
|Charitable|services|||
|Fundraising||||





|II.|TANGIBLE FIXED ASSETS||||||
|---|---|---|---|---|---|---|
|||Freehold|land|Studio,|camera and|Total|
||Group|and buildings||computer|equipment||
||COST||||||
||At<br>1 January<br>2021|4,621,964|||994,500|5,616,464|
||Additions|414,324|||69,369|483,693|
||Foreign exchange<br>movements|~328 671||||~328 671|
||At 31 December 2021|4 707|617||1 063 869|5,771,486|
||DEPRECIATION||||||
||At<br>1 January<br>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<br>1 January<br>2021||||882.403|882,403|
||Additions||||69,370|69,369|
||At 31 December 2021||||951,773|951,772|
||DEPRECIATION||||||
||At<br>1 January<br>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<br>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|





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|Class ofshare:|Class ofshare:|||holding|||
|---|---|---|---|---|---|---|
|Ordinary||||100|||
||||||2021|2020|
|Aggregate|ofassets, liabilities||and funds||~147 339|~86 122|
|Incoming<br>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)|



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|DEBTORS:<br>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<br>owed by group||and associated||||3 943 369|3|877410|
|undertakings|||||||||
|||||||3,945,369|3,877,410||





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|||||||||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<br>fund|||||2~47<br>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<br>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<br>fund|||||2~389<br>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<br>fund|||||||2|017449|~1.922 591||94 858||





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|Group and ch|arity|||||||
|---|---|---|---|---|---|---|---|
||||||Net movement|||
|||||At 01.01.21|in funds|At 31.12.21||
|Restricted<br>funds||||||||
|Building<br>fund||||3,465,090|171,998|3,637,088||
|Compassion<br>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<br>funds||||||||
|Building<br>Fund<br>Total restricted|funds|||189 135<br>lu, ~l|~17 137<br>t'17I~|171 <br>~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 <br>Current|bank<br>liabilities|1,137,179<br>~183082|1,848|1,1394027<br>~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 <br>Current|bank<br>liabilities|1,136,753<br>~72 114|1,848|1,138,601<br>~72 114|
|||2.484 434|3 638936|6 123370|





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|||||Unrestricted|Restricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|---|---|---|---|
|||||Funds||Funds|2021|2020|
|Incoming<br>reserves||||2017449||189 135|2 206 584|2 400 252|
|Costs ofgenerating|voluntary||income|26,]15||17,137|43„252|45,588|
|Expenditure<br>on charitable<br>Governance<br>costs||activities||1,581,941<br>31462|||1,581,941<br>'I 462|1,536,097<br>20 224|
|||||I 639.518||17,137|I 656 655|I 601 909|
|Other gainsl(losses)||||283 073|||~283 073|182 588|
|Net incoming<br>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<br>70|5 85<br>14|





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|||||Group|||Charity||
|---|---|---|---|---|---|---|---|---|
||||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|



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