|||||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|for the institutions|to pursue|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| ## ## ##