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





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|for the Year Ended 31|March|202|2|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||31.3.2022|31.3.2021|
|||||||Unrestricted|Restricted|Total funds|Total funds|
|||||||fund|funds|||
||||||Notes|E|E|||
|INCOME AND ENDOWMENTS||FROM||||||||
|Donations<br>and legacies||||||1,028,276|360,767|1,389,043|1,169,209|
|Other trading<br>activities<br>- CBN Resources||||Ltd|3|25,760||25„760|74,402|
|Investment<br>income|||||4|85|26|111|581|
|Total||||||1,054,121|360,793|1,414,914|1,244„192|
|EXPENDITURE ON||||||||||
|Raising funds||||||16,302||16,302|37,766|
|Charitable<br>activities||||||||||
|Humanitarian<br>Aid and|Promotion||of Christian|||1,019,178|163,405|1,182,583|1,155,225|
|Religion||||||||||
|Total||||||1,035,480|163,405|1,198,885|1,192,991|
|NET INCOME/{EXPENDITURE}||||||18,641|197,388|216,029|51,201|
|RECONCILIATION<br>OF|FUNDS|||||||||
|Total funds brought|forward|||||80,680|132,216|212,896|161,695|
|TOTAL FUNDS CARRIED FORWARD||||||99,321|329,604|428,925|212,896|





## 

|Consolidated<br>Balance Sheet<br>At 31 March 2022||||||
|---|---|---|---|---|---|
|||||31.3.2022|31.3.2021|
|||Unrestricted|Restricted|Total funds|Total funds|
|||fund|funds|||
||Notes|E|E|||
|FIXED ASSETS||||||
|Tangible assets|14|50,404||50,404|22,387|
|||50,404||50,404|22,387|
|CURRENT ASSETS||||||
|Stocks|16|3,095||3,095|2,432|
|Debtors|17|38,798||38,798|30,750|
|Cash at bank and in hand||27 933|329 604|357 537|182,986|
|||69,826|329,604|399,430|216,168|
|CREDITORS||||||
|Amounts<br>falling due within one year|18|(20,909)||(20,909)|(25,659)|
|NET CURRENT ASSETS||48,917|329,604|375 521|190 509|
|TOTAL ASSETS LESS CURRENT LIABILITIES||99,321|329,604|428,925|212,896|
|NET ASSETS||99,321|329,604|428&925|212,896|
|FUNDS|20|||||
|Unrestricted<br>funds||||99,321|80,679|
|Restricted<br>funds||||329 604|132217|
|TOTAL FUNDS||||428,925|212,896|





## 

## 

|At 31 March 202|2||||||||
|---|---|---|---|---|---|---|---|---|
||||||31.3.2022||31,3,2021||
||||Unrestricted|Restricted|Total|funds|Total|funds|
||||fund|funds|||||
|||Notes|E|C|||||
|FIXED ASSETS|||||||||
|Tangible assets||14|49,259|||49,259||22&387|
|Investments||15|1|||1||1|
||||49,260|||49,260||22,388|
|CURRENT ASSETS|||||||||
|Stocks||16|3,095|||3,095||2,432|
|Debtors||17|46,482|||46,482||35,116|
|Cash at bank and in hand|||18,263|329,604|347 867||173,255||
||||67,840|329,604|397,444||210,803||
|CREDITORS|||||||||
|Amounts<br>falling|due within one year|18|(18,924)|||(18,924)||(20,295)|
|NET CURRENT ASSETS|||48 916|329 604|378 520|||190,508|
|TOTAL ASSETS|LESS CURRENT LIABILITIES||98,176|329,604|427,780||212,896||
|NET ASSETS|||98 '176|329,604|427,780||212,896||
|FUNDS|||||||||
|Unrestricted<br>funds||||||98,176||80,679|
|Restricted<br>funds||||||329 604||132717|
|TOTAL FUNDS|||||427 780||212 896||





## 

|Consolidated<br>Cash Flow Statement|Consolidated<br>Cash Flow Statement|||||||
|---|---|---|---|---|---|---|---|
|for the Year Ended 31 March 2022||||||||
|||||||31.3.2022|31.3.2021|
||||||Notes|E|E|
|Cash flows from operating|activities:|||||||
|Cash generated<br>from operations||||||213,966|60,949|
|Net cash provided<br>by (used in) operating||||||||
|activities||||||213,966|60,949|
|Cash flows from investing|activities:|||||||
|Purchase of tangible<br>fixed|assets|||||(39,526)|{5,506)|
|Purchase of fixed asset investments||||||||
|Sale of tangible<br>fixed assets||||||||
|Interest received|||||||581|
|Net cash provided<br>by (used in) investing|||activities|||~39,4}5}|~4,H5}|
|Change<br>in cash and cash|equivalents|in the||||||
|reporting<br>period||||||174,551|56,024|
|Cash and cash equivaients|at the beginning|||of the||||
|reporting<br>period||||||182,986|126,962|
|Cash and cash equivalents|at the end|of|the|||||
|reporting<br>period||||||357,537|182,986|





## 

|RECONCILIATION<br>OF|NET INCOME/(EXPENDITURE)|NET INCOME/(EXPENDITURE)|NET INCOME/(EXPENDITURE)|NET INCOME/(EXPENDITURE)|TO NET CASH FLOV/|FROM OPERATING ACTiVITIES|FROM OPERATING ACTiVITIES|
|---|---|---|---|---|---|---|---|
|||||||31.3.2022|31.3.2021|
|||||||f.|f.|
|Net income/(expenditure)<br>for the reporting||||period (as per the||||
|statement<br>of financial||activities)||||216,029|51,201|
|Adjustments<br>for:||||||||
|Depreciation<br>charges||||||11,509|6,186|
|(Profit)/loss<br>on disposal||of fixed assets||||||
|Interest received||||||(111)|(581)|
|Decrease/(increase)|in|stocks||||(663)|74|
|Decrease/(increase)|in|debtors||||(8,048)|1,977|
|(Decrease)/increase|in|creditors||||~4,750)|2,092|
|Net cash provided<br>by||(used in) operating|activities|||213,966|60,949|





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## 

|DONATION|S<br>AND LEGACIES|||
|---|---|---|---|
|||31.3.2022|31.3.2021|
|||E|E|
|Donations|and legacies|1,282,199|1,077,886|
|Gift aid||106,844|91,323|
|||1,389,043|1,169,209|





|for th|e Year Ended 31 March 2022|e Year Ended 31 March 2022|||
|---|---|---|---|---|
|3.|OTHER TRADING ACTIVITIES||||
||||31.3.2022|31.3.2021|
||||E|8|
||CBN Resources|Ltd|25,760|74,402|
|4.|INVESTMENT|INCOME|||
||||31,3,2022|31.3.2021|
||Deposit account interest||111|581|



## 

||Included|in the|in the|above is E85 (202|1; 8547) for u|nrestricted<br>purpo|ses<br>and f26 (20|21:834) for restrict|ed<br>purpo|ses.|
|---|---|---|---|---|---|---|---|---|---|---|
|5.|RAISING|FUNDS|||||||||
||Other trading||activities - Unrestricted||||||||
|||||||||31.3.2022|31.3.2021||
||||||||||8||
||CBN Resources|||Ltd||||16,965|37,692||
||Other|||||||~663)||74|
|||||||||16,302|3~7766||
|6.|CHARITABLE ACTIVITIES COSTS||||||||||
||||||||Grant funding||||
|||||||Direct costs|of activities|Support costs|Totals||
|||||||(See note 7)|(See note 8)|(See note 9)|||
|||||||E|f.|8|||
||Humanitarian||Aid and Promotion||of||||||
||Christian|Religion||||999 120|176 163|7,320|1 182|583|
|7.|DIRECT|COSTS||OF CHARITABLE|ACTIVITIES||||||



|DIRECT COSTS|O|F CHARITABLE ACTIVITIES|||
|---|---|---|---|---|
||||31.3.2022|31.3.Z021|
||||f.|E|
|Staff costs|||700,558|682,688|
|Hire of equipment|||8,597|203|
|Rent re: Licences||Et other|42,843|41,854|
|Rates|||3,681|3,64Z|
|Insurance|||5,539|5,538|
|Light and heat|||728|2,011|
|Telephone|||26,968|18,760|
|Postage and stationery|||18,982|24,710|
|Production<br>I't satellite fees|||15,946|13,509|
|Sundries|||2,488|1,865|
|Office expenses|and repairs||26,639|34,882|
|Repairs and maintenance|||455|1,829|
|Cast and talent|fees||529|380|
|Bank charges|||20,599|18,131|
|Exchange losses|||(553)|1,689|
|Travelling|||6,292|2,437|
|Contract labour|||85,149|97,024|
|Professional<br>fees|||22,278|28,372|
|Depreciation|||11<br>102|6 188|
||||999,120|985,712|





## 

## 

|GRANTS PAYABLE|||||||
|---|---|---|---|---|---|---|
||||||31.3.2022|31.3.2021|
||||||E|E|
|Humanitarian<br>Aid and Promotion||of|Christian|Religion|176,143|162,397|
|The total grants<br>paid to|institutions||during the year was as follows:||||
||||||31.3.2022|31.3.2021|
||||||E|E|
|World Reach - Senegal|||||578||
|Operation<br>Blessing<br>USA|||||9,515|21,581|
|Other donations<br>under E5,000|||||2,3?2|17,049|
|CBN Asia|||||3,255||
|Mission Freedom|||||6,ooo||
|Afghan<br>Refugees<br>—Albania|||||9,836||
|CBN Balkan|||||21,424|68,961|
|Qendra<br>Celesi Im —Albania|||||1,711||
|Top Mission (Superbook|in France)|||||1,382|
|Udruzenje<br>Football Club, Bosnia||||||5,637|
|YMAM Poland|||||2,091||
|Christian<br>Broadcasting<br>Network||(Germany)|||17,105|6,050|
|Mission Possible Albania||||||4,262|
|Operation<br>Blessing Israel||||||4,630|
|Doina Bejenaru<br>/ AO "Asociaiia||Jurnalistilor||Crestini'*|23,899|5,799|
|Helping<br>Hands (Greece)||||||3,463|
|Victory Church|||||19,000|6,500|
|2bfree OBProject {The|Netherlands)||||5,000|4,057|
|CBN Israel|||||11,505|9,026|
|Putson Baptist Church||||||4,000|
|Kosciol ZIelonos<br>—Poland|||||9,201||
|CBN Nederland|||||26,502||
|Awana Ministries<br>Portugal|||||7, 149||
||||||176 143|162,397|



## 

|Net resources|are stated after charging|/ (crediting):|||
|---|---|---|---|---|
||||31.3.2022|31.3.2021|
|||||E|
|Auditors'<br>remuneration|||7,320|7,200|
|Depreciation|- owned assets||11,506|5,506|
|Operating<br>leases|||54,946|42,100|
|(Gain)/Deficit|on disposal of fixed asset||||





## 

|||||||31.3.2022|31.3.2021|
|---|---|---|---|---|---|---|---|
|||||||E|E|
|Turnover||||||25,760|74,402|
|Cost of sales||||||9 850|22 069|
|||||||15,910|52,333|
|Distribution||and administration||costs||(7,115)|(15,622)|
|Covenant|to|Charity||||(7,650)|(36,711)|
|Profit for the period|||and retained||profit carried forward|1,145||
|Net assets||||||1,146||



## 

## 

## 

## 

||||||31.3.2022|31.3.2021|
|---|---|---|---|---|---|---|
||||||E|E|
|Wages and|salaries||||646,685|631,204|
|Social security costs|||||40,136|39,075|
|Other pension costs|||||13 737|12,409|
||||||70O 333|682,688|
|The average|monthly|number of employees|during|the year was as follows:|31.3.2022|31.3.2021|
||||||31|33|



## 



## 

|||||||||Unrestricted|Restricted|Total|funds|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||fund|funds|||
|||||||||E|E|||
||INCOME AND ENDOWMENTS|||FROM||||||||
||Donations<br>and legacies|||||||1,020,545|148,664|1,169,209||
||Other trading<br>activities - CBN Resources|||||Ltd||?4,402|||74,402|
||Investment<br>income|||||||547|||581|
||Total|||||||1,095,494|148,698|1,244,192||
||EXPENDITURE ON|||||||||||
||Raising funds|||||||37,766|||37,766|
||Charitable<br>activities|||||||||||
||Humanitarian<br>Aid|and|Promotion||of Christian||Religion|1,007,135|148,090|1,155,225||
||Total|||||||1,044,901|148,090|1,192,991||
||NET INCOME/{EXPENDITURE)|||||||50,593|608||51,201|
||RECONCILIATION|OF|FUNDS|||||||||
||Total funds brought||forward|||||30,086|131,609||161,695|
||TOTAL FUNDS CARRIED FORWARD|||||||80 679|132,217||212 896|
|14.|TANGIBLE FIXED ASSETS - GROUP|||||||||||
|||||||||Fixtures and|Computer|||
|||||||||fittings|equipment||Totals|
|||||||||E|E||E|
||COST|||||||||||
||At 1 April 2021|||||||17,055|96,309||113,364|
||Additions|||||||17,970|21,556||39,526|
||Disposals|||||||||||
||At 31 March 2022|||||||35,025|117,865||152,890|
||DEPRECIATION|||||||||||
||At 1 April 2021|||||||8,469|82,508||90,977|
||Charge for year|||||||1,630|9,879||11,509|
||Eliminated<br>on disposal|||||||||||
||At 31 March 2022|||||||10,099|92,387||102,486|
||NET BOOK VALUE|||||||||||
||At 31 March 2022|||||||24,926|25,478||50,404|
||At 31 March 2021|||||||8, 586|13,801||22,387|





## 

## 

|for th|e Year Ended 31 March 2022|||||
|---|---|---|---|---|---|
|14.|TANGIBLE FIXED ASSETS - continued|- CHARITY||||
||||Fixtures and|Computer||
||||fittings|equipment|Totals|
||||E|E|E|
||COST|||||
||At<br>1 April 2021||1?,055|96,309|113,364|
||Additions||16,721|21,556|38,277|
||Disposals|||||
||At 31 March 2022||33 776|117865|151,641|
||DEPRECIATION|||||
||At<br>1 April 2021||8,469|82,508|90,977|
||Charge for year||1,526|9,879|11,405|
||Eliminated<br>on disposal|||||
||At 31 March 2022||9,995|92,387|102,382|
||NET BOOK VALUE|||||
||At 31 March 2022||23,781|25,478|69 259|
||At 31 March 2021||8 586|13,801|22,387|
|15.|FIXED ASSET INVESTMENTS - CHARITY|||||
||||||Listed|
||||||investments|
||||||E|
||MARKET VALUE|||||
||At<br>1 April 2021 and 31 March 2022|||||
||NET BOOK VALUE|||||
||At 31 March 2022|||||



|||31.3.2022|31.3.2021|
|---|---|---|---|
|||E|E|
|GROUP -|Stocks|~395|2~42|
|CHARITY|—Stocks|~9|2~432|





## 

## 

## 

|||||31.3.2022|31.3,2021|
|---|---|---|---|---|---|
|||||E|E|
|Other debtors||||35,010|26,934|
|Prepayments|and accrued income|||3,788|3,816|
|||||38,798|30,750|
|DEBTORS:AMOUNTS||FALLING DUE WITHIN ONE YEAR - CHARITY||||
|||||31.3,2022|31.3.2021|
|||||E|f.|
|Other debtors||||42,694|31,300|
|Prepayments|and accrued income|||3,788|3,816|
|||||46,482|35,116|
|CREDITORS: AMOUNTS|||FALLING DUE WITHIN ONE YEAR - GROUP|||
|||||31.3.2022|31.3.2021|
|||||E|E|
|Trade creditors||||33|2,463|
|Social security|and other taxes|||12,833|13,869|
|Other creditors||||1,898|1,110|
|Accruals and deferred|||income|6,145|~8217|
|||||20,909|25,659|
|CREDITORS: AMOUNTS|||FALLING DUE WITHIN ONE YEAR - CHARITY|||
|||||31.3.2022|31.3.2021|
|||||E|E|
|Trade creditors||||||
|Social security|and other taxes|||12,568|11,870|
|Other creditors||||211|208|
|Accruals and deferred|||income|6,145|~8217|
|||||~18 924|20,295|



## 

## 

|Minimum<br>lease payments<br>under non-cancellable<br>operatin|g<br>leases fall due as follows:||
|---|---|---|
||31.3.2022|31.3.2021|
||E|E,|
|Within one year|54,946|54,946|
|Between one and five years|164,400|178,246|
|In more than five years||41,100|
||219,346|274 292|





## 

## 

||||||||Net movement||
|---|---|---|---|---|---|---|---|---|
||||||||in funds||
|||||||At 1.4.2021||At 31.3.2022|
|||||||E||E|
|Unrestricted<br>funds|||||||||
|General<br>fund||||||80,679|18,642|99,321|
|Restricted|funds||||||||
|Restricted|fund|- Operation||Blessing||83,635|28,895|112,530|
|Restricted|fund|- Orphans|Promise|||48,582|28,117|76,699|
|Restricted|fund|—Help Ukraine|||||140,375|140,375|
|||||||132217|197,388|329„604|
|TOTAL FUNDS||||||212,896|216,029|428,925|
|Net movement||in funds,|included||in the above are as follows:||||
|||||||Incoming|Resources|Movement<br>in|
|||||||resources|expended|funds|
|||||||E|E.|E|
|Unrestricted<br>funds|||||||||
|General<br>fund||||||1,054, '121|(1,035,479)|18,642|
|Restricted|funds||||||||
|Restricted|fund|- Operation||Blessing||99,959|(71,064)|28,895|
|Restricted<br>Restricted|fund<br>fund|- Orphans<br>Promise<br>—Help Ukraine||||115,405<br>145,429|(87,288)<br>~5,054)|28,117<br>140,375|
|||||||360,793|(163,406)|19?,387|
|TOTAL FUNDS||||||1,414,914|(1,198,885)|216,029|
|Comparatives<br>for movement||||in funds|||||
||||||||Net movement||
||||||||in funds||
|||||||At 1.4.2020||At 31.3.2021|
|||||||E||E|
|Unrestricted<br>Funds|||||||||
|General<br>fund||||||30,086|50,593|80,679|
|Restricted|Funds||||||||
|Restricted<br>Restricted|fund <br>fund|- Operation<br>Blessing<br> - Orphans<br>Promise||||78,447<br>53,162|5,188<br>~4,580)|83,635<br>48,582|
|||||||131,609|608|132 217|
|TOTAL FUNDS||||||161 695|51,201|212,896|





## 

## 

|for th|<br>e Year Ended 31 March 2022|<br>e Year Ended 31 March 2022|<br>e Year Ended 31 March 2022|<br>e Year Ended 31 March 2022|<br>e Year Ended 31 March 2022|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|20.|MOVEMENT<br>IN FUNDS - continued|||||||||||||
||Comparative<br>net||movement||in funds,|included|in the above||are as follows:|||||
||||||||||Incoming||Resources||Movement<br>in|
||||||||||resources||expended||funds|
||||||||||f.|||E|E|
||Unrestricted<br>funds|||||||||||||
||General<br>fund||||||||1,095,494||(1,044,901)||50,593|
||Restricted|funds||||||||||||
||Restricted<br>Restricted|fund<br>fund|- Operation<br>- Orphans||Blessing<br>Promise||||107,249<br>41 449|||(102,061)<br>(46,029)|5,188<br>~4,580)|
||||||||||148,698|||(148,090)|51,201|
||TOTAL FUNDS||||||||1,244, 192||(1,)92,991)||51 201|
||A current|year 12 months||and prior year 12 months||||combined|position<br>is as follows:|||||
|||||||||||Net|movement|||
|||||||||||||in funds||
||||||||||At 1.4.2020||||At 31,3,2022|
||||||||||E||||E|
||Unrestricted<br>funds|||||||||||||
||General<br>fund||||||||30,086|||69,235|99,321|
||Restricted|funds||||||||||||
||Restricted|fund|- Operation||Blessing||||78,447|||34,083|112,530|
||Restricted|fund|- Orphans||Promise||||53,162|||23,537|76,699|
||Restricted|fund|—Help Ukraine|||||||||140,376|140,376|
||||||||||131,609|||197,995|329,604|
||TOTAL FUNDS||||||||161,695|||267,230|428,925|
||A current|year 12 months||and prior year 12 months||||combined|net movement<br>in|funds,||included|in the above are|
||as follows:|||||||||||||
||||||||||Incoming||Resources||Movement<br>in|
||||||||||resources||expended||funcls|
||||||||||f|||f.|f.|
||Unrestricted<br>funds|||||||||||||
||General<br>fund||||||||2,149,615||(2,080,381)||69,234|
||Restricted|funds||||||||||||
||Restricted|fund|- Operation||Blessing||||207,207|||(173,127)|34,080|
||Restricted<br>Restricted|fund<br>- Orphans<br>Promise<br>fund - Help Ukraine|||||||156,854<br>145 429||(133,317)<br>~5053)||23,537<br>140,376|
||||||||||509,490||~311497)||197993|
||TOTAL FUNDS||||||||2,659,105||~2|391 878)|267 227|



## 

## 



## 

## 

## 

## 

##