2021-03-31-accounts - Christian Broadcasting Network (UK)

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				Page
Report ofthe	Trustees			1 to 14
Statement of	Trustees	Responsibilities		15
Report ofthe	Independent		Auditors	16to 18
Consolidated	Statement	of	Financial Activities	19
Consolidated	Balance Sheet			20
Charity Balance Sheet				21
Cash Flow Statement				22
Notes to the	Cash Flow	Statement		23
Notes to the	Financial	Statements		24 to 34
Detailed Statement of		Financial Activities		35

									NO 0F0I CTSQKFKQRIES	NO 0F0I CTSQKFKQRIES	NO 0F0I CTSQKFKQRIES	NO 0F0I CTSQKFKQRIES
Media Production		&	TV Broadcasts			Providing public benefit through our		12%	37 TV Channels	across		Europe
Broadcasting			(Satellite,			programmes, on TV as well as on social			and Australasia	(versus		33 in
			Cable,			media. CBN is reaching a cross-section			previous year)
			Terrestrial		and	of viewers from all age groups
			IPTV)
Children	It		Superbook			Through the Superbook series. CBN			700 beneficiaries
Education			Schools			provides resources within Schools and
						virtual classrooms supporting RE
						teachers in providing biblical values
						and principles within the educational
						curriculum for primary school children,
Humanitarian			Hope			Our concerted efforts to		10	536 Hope Boxes	/
			Boxes			respond to Covid 19as part of		0%	estimated number		of
						our mission in alleviating food			1,286 beneficiaries
						poverty
			Other	Operation		Disaster Relief, Micro Enterprise,			P4,609 beneficiaries
			Blessing Projects			Food, Water and Medical outreach
						projects.
			Orphan's			Taking children from at risk to			400+ beneficiaries
			Promise	Projects		thriving.
Hope Line			Prayer			A lifeline and support to those in		+7.	Over 19k calls	taken		(Versus
			Support			difficulties that may remain unseen	on	5%	18kin previous	year)
						unheard through our Hope lines where
						we have support workers who listen
						without judgement and offer prayer.
			Partner			Outbound cai(s.			Over 2.9k calls		made	(Versus
			Support					14	3.4k in previous	year)

for the Year Ended 3	1 March	202	1
								31.3.2021	31.3.2020
						Unrestricted	Restricted	Total funds	Total funds
						fund	funds
					Notes	E	E
INCOME AND ENDOWMENTS		FROM
Donations and legacies						1,020,545	148,664	1,169,209	1,159,958
Other trading activities - CBN Resources				Ltd	3	74,402		74,402	62,166
Investment income					4	547	34	581	653
Total						1,095,494	148,698	1,244,192	1,222,777
EXPENDITURE ON
Raising funds						37,766		37,766	51,112
Charitab Ie activities
Humanitarian Aid and	Promotion		of Christian			1,007,135	148,090	1,155,225	1,205,454
Religion
Total						1,044,901	148,090	1,192,99«	,256,566
NET INCOME/(EXPENDITURE)						50,593	608	51,201	(33,789)
RECONCILIATION OF	FUNDS
Total funds brought	forward					30,086	131,609	161,695	195,484
TOTAL FUNDS CARRIED FORWARD						80,679	132,217	212,896	161,695

Balance Sheet At 31 March 2021
					31.3.2021	31.3,2020
			Unrestricted	Restricted	Total funds	Total funds
			fund	funds
		Notes	E	E
FIXED ASSETS
Tangible assets		14	22,387		22,387	23,067
Investments		15	1		1	1
			22,388		22,388	23,067
CURRENT ASSETS
Stocks		16	2,432		2,432	2,506
Debtors		17	35,116		35,116	41,460
Cash at bank and in hand			41,038	132,217	173,255	112,326
			78,586	132,217	210,803	156,292
CREDITORS
Amounts falling due within	one year	18	(20,295)		(20,295)	(17,665)
NET CURRENT ASSETS			58,291	132,217	190,508	138,627
TOTAL ASSETS LESS CURRENT LIABILITIES			80,679	132,217	212,896	161,695
NET ASSETS			80,679	132,217	212,896	161,695
FUNDS		20
Unrestricted funds					80,679	30,086
Restricted funds					132,217	131,609
TOTAL FUNDS					212,896	161,695

Christian Broadcastin Network UK
Consolidated Cash Flow Statement
for the Year Ended 31 March 2021
					31.3.2021	31.3.2020
				Notes	E	E
Cash flows from operating activities; Cash generated from operations					60,949	(6,212)
Net cash provided by (used in) operating activities					60,949	(6,212)
Cash flows from investing activities: Purchase of tangible fixed assets					(5,506)	(5,017)
Purchase of fixed asset investments
Sale of tangible fixed assets Interest received					581	653
Net cash provided by (used in) investing		activities			(4,925)	(4,364)
Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning reporting period			ofthe		56,024 126,962	(10,576) 137,538
Cash and cash equivalents at the end reporting period	ofthe				182,986	126,962

o the Cash Flow State Year Ended 31 March	ment 2021	ment 2021	ment 2021
RECOHCILIATIOH OF	HET IHCOME/(EXPENDITURE)			TO NET CASH FLOW	FROM OPERATING ACTIVITIES
					31.3.2021	31.3.2020
					E	E
Net income/(expenditure) for the reporting			period (as per the
statement of financial activities)					51,201	(33,789)
Adjustments for:
Depreciation charges					6,186	7,182
(Profit)/loss on disposal of fixed assets
Interest received					(581)	(653)
Decrease/(increase)	in stocks				74	(1,931)
Decrease/(increase)	in debtors				1,977	32,298
(Decrease)/increase	in creditors				2,092	(9,319)
Net cash provided by (used in) operating		activities			60,949	(6,212)

for th	e Year Ended 31 March 2021
3.	OTHER TRADING ACTIVITIES	31.3.2021	31.3.2020
		E	E
	CBN Resources Ltd	74,402	62,	166
4.	INVESTMENT INCOME	31.3.2021	31.3.2020
		E	E.
	Deposit account interest	581		653

	Other trading activities - Unrest	ricted
					31.3.2021	31.3.2020
					E	E
	CBN Resources Ltd Other				37,692 74	53,042 (1,930)
					37,766	51,112
6,	CHARITABLE ACTIVITIES COSTS
				Grant funding
			Direct costs	of activities	Support costs	Totals
			(See note 6)	(See note 7)	(See note 8)
			E	E	E
	Humanitarian Aid and Promotion Christian Religion	of	965,712	162,397	7,116	1,155,225
7,	DIRECT COSTS OF CHARITABLE	ACTIVITIES
					31.3.2021	31.3.2020
					E,	E.
	Staff costs Hire of equipment Rent re: Licences h other Rates Insurance Light and heat Telephone Postage and stationery Production Et satellite fees Sundries Office expenses and repairs Repairs and maintenance Cast and talent fees Bank charges Exchange losses Travelling Contract labour Professional fees Depreciation				682,688 203 41,854 3,642 5,538 2,011 18,760 24,710 13,509 1,865 34,882 1,829 380 18,131 1,689 2,437 97,024 28,372 6,188	620,579 1,063 42,744 3,862 6,052 3,474 15,975 35,832 25,005 2,252 21,600 1,117 610 17,425 (519) 33,325 59,168 34,518 7, 182
	Loss on sale of assets
					985,712	931,264

GRANTS PAYABLE
						31.3.2021	31.3.2020
						E	E
Humanitarian Aid and Promotion			of	Christian	Religion	162,397	267,278
The total grants paid to		institutions		during the year was as follows:
						31.3.2021	31.3.2020
						E	E
World Reach - Senegal							2,614
World Reach - Germany							106,704
Operation Blessing USA						21,581	26,542
Other donations under	E5,000					17,049	17,436
House of Opportunity							6,152
Sporting Marvels							2,500
Christian Broadcasting	Network		(USA)				21,885
Etno Nova						68,961	38,672
Qendra Celesi Im							15,643
Top Mission (Superbook		in France)				1,382	11,843
Udruzenje Floorball Klub, Bosnia						5,637	12,965
International Christian	Consulate		Greece				4,322
Christian Broadcasting	Network		(Germany)			6,050
Mission Possible Albania						4,262
Operation Blessing Israel						4,630
CBN Moldova Office						5,799
Helping Hands (Greece)						3,463
Victory Church						6,500
2bfree OB Project (The	Netherlands)					4,057
CBN Israel						9,026
Pustsori Baptist Church						4,000
						162,397	267,278

Grants to	institutions	institutions	represent	financial	financial	assistance	assistance	their charitable	objects and
activities.
SUPPORT	COSTS
									Governance
									costs
									E
Humanitarian		Aid and	Promotion	of Christian			Religion		7,116
NET INCOME/(EXPENDITURE)
Net resources		are stated after charging			/	(crediting):
								31.3.2021	31.3.2020
								E	E
Auditors'	remuneration							7,200	8,640
Depreciation		- owned	assets					5,506	7,182
Operating	leases							42,100	44,100
(Gain)/Deficit		on disposal of fixed asset

				31.3.2021	31.3.2020
				E	E
Turnover Cost of sales				74,402 (22,069) 52,333	62,166 (16,762) 45,404
Distribution Covenant to	and administration Charity	costs		(36,711) (15,622)	(31,624) (13,780)
Profit for the period and retained			profit carried forward


STAFF COSTS			31 3 2021	31.3.2020
			E.	E
Wages and salaries Social security costs Other pension costs			631,204 39,075 12,409	568,328 41,731 10,520
			682,688	620, 52t2
The average monthly	number of employees	during the year was as follows:	31.3.2021	31.3.2020
			33	31

							Unrestricted	Restricted	Total	funds
							fund	funds
							E.	E
INCOME AND ENDOWMENTS			FROM
Donations and legacies							1,018,762	141,196	1,159,958
Other trading activities		—CBN Resources			Ltd		62,166			62,166
Investment income							435	218		653
Total							1,081,363	141,414	1,222,777
EXPENDITURE ON
Raising funds							51,112			51,112
Charitab le activities
Humanitarian Aid and	Promotion			of Christian		Religion	1,065,015	140,439	1,205,454
Total							1,116,127	140,439	1,256,566
NET INCOME/(EXPENDITURE)							(34,764)	975		(33,789)
RECONCILIATION OF	FUNDS
Total funds brought	forward						64,850	130,634	195,484
TOTAL FUNDS CARRIED FORWARD							30,086	131,609	161,695

the Financial Statements - continued Year Ended 31 March 2021
TANGIBLE FIXED ASSETS - GROUP AND CHARITY	Fixtures	and	Computer
	fittings		equipment	Totals
		E	E	E
COST At 1 April 2020 Additions	17,055		90,803 5, 506	107,858 5,506
Disposals
At 31 March 2021	17,055		96,309	113,364
DEPRECIATION At 1 April 2020 Charge for year		6,976 1,493	77,815 4,693	84,791 6, 186
Eliminated on disposal
At 31 March 2021		8,469	82,508	90,977
NET BOOK VALUE At 31 March 2021		8,586	13,801	22,387
At 31 March 2020	10,079		52,988	23,067
FIXED ASSET INVESTMENTS - CHARITY
				Listed
				investments
				E
MARKET VALUE
At 1 April 2020 and 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020

			31.3.2021	31.3.2020
GROUP	-	Stocks	~24
CHARITY		—Stocks	~24

							31.3.2021	31.3.2020
							E	E
	Other debtors						26,934	26,347
	Prepayments	and accrued income					3,816	6,380
							30,750	32,727
	DEBTORS: AMOUNTS		FALLING DUE WITHIN		ONE YEAR - CHARITY
							31,3.2021	31.3.2020
							E	E
	Other debtors						31,300	35,080
	Prepayments	and accrued income					3,816	6,380
							35,116	41,460
18.	CREDITORS: AMOUNTS			FALLING DUE WITHIN		ONE YEAR - GROUP
							31.3.2021	31.3.2020
							E	E
	Trade creditors						2,463
	Social security	and other taxes					13,869	13,418
	Other creditors						1,110	4,338
	Accruals and deferred			income			8,217	5,811
							25,659	23,567
	CREDITORS: AMOUNTS			FALLING DUE WITHIN		ONE YEAR - CHARITY
							31.3.2021	31.3.2020
							E
	Trade creditors
	Social security	and other taxes					11,870	11,527
	Other creditors						208	327
	Accruals and deferred			income			8,217	5,811
							20,295	17,665

Minimum lease payments under non-cancellable operatin	g leases fall due as follows:
	31.3.2021	31.3.2020
	E	E
Within one year	54,946	41,100
Between one and five years	178,246	164,400
In more than five years	41,100	82,200
	274,292	288,700

MOVEMENT IN FU	NDS
							Net	movement
								in funds
						At 1,4.2020			At	31.3.2021
							E			E
Unrestricted funds General fund							30,086	50,593		80,679
Restricted funds Restricted fund - Restricted fund -	Operation Orphans		Blessing Promise				78,447 53,162	5,188 (4,580)		83,635 48,582
							131,609	eos		132,217
TOTAL FUNDS							161,695	51,201		212,896
Net movement in funds,		included			in the above are as follows:
						Incoming		Resources	Movement in
						resources		expended		funds
							E.	E		E
Unrestricted funds General fund						1,095,494		(1,044,901)		50,593
Restricted funds Restricted fund Restricted fund	- Operation Blessing - Orphans Promise						107,249 41,449	(1o2,oei) (46,029)		5,188 (4,580)
							148,698	(148,090)		51,201
TOTAL FUNDS						1,244, 192		(1,192,991)		51,201
Comparatives for movement				in	funds		Net movement
								in funds
						At	1.4.2019		At 31.3.2020
							E			E
Unrestricted Funds General fund							e4,85o	(34,764)		30,086
Restricted Funds Restricted fund - Operation Blessing Restricted fund - Orphans Promise							62,074 e8,5eo	16,373 (15,398)		78,477 53,162
							130,634	975		131,609
TOTAL FUNDS							195,484	(33,7891		161,695

MOVEMENT	IN F		UNDS - co	UNDS - co	ntinued
Comparative	net		movement		in funds,	included	in the above are as follows:
									Incoming		Resources		Movement in
									resources		expended		funds
									E				E
Unrestricted funds
General fund									1,081,363		(1,116,127)		(34,764)
Restricted	funds
Restricted	fund	-	Operation		Blessing				83,866			(67,493)	16,373
Restricted	fund	-	Orphans		Promise				57,548			(72,946)	(15,938)
									141,414			(140,439)	975
TOTAL FUNDS									1,222, 777		(1,256,566)		(33,789)
A current year 12 months				and prior year 12 months				combined	position is as follows:
										Net	movement
												in funds
									At 1.4.2019				At 31.3.2021
									E				f.
Unrestricted funds
General fund									64,850			15,829	80,679
Restricted	funds
Restricted	fund	-	Operation		Blessing				e2,074			21,561	83,635
Restricted	fund	-	Orphans		Promise				e8,5eo			(19,978)	48,582
									130,634			1,583	132,217
TOTAL FUNDS									195,484			17,412	212,896
A current year 12 months				and prior year 12 months				combined	net movement in	funds,		included	in the above are
as follows:
									Incoming		Resources		Movement in
									resources		expended		funds
									E			E	E,
Unrestricted funds
General fund									2,176,857		(2,161,028)		15,829
Restricted	funds
Restricted Restricted	fund fund	- -	Operation Orphans		Blessing Promise				191,115 98,997			(169,554) (118,975)	21,561 ~19,978)
									290,112			(288,529)	1,583
TOTAL FUNDS									2,466,969		(2,449, 557)		17,412