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2023-03-31-accounts

Page
Report of the Trustees 3to35
Statement
of		 Trustees Responsibilities 35
Report of the Independent Auditors 36 to 38
Consolidated Statement of Financial Activities 39
Consolidated Balance Sheet
Charity Balance Sheet 41
Cash Flow Statement 42
Notes to the Cash Flow Statement 43
Notes to the Financial Statements 44 to 54
Detailed 5tatement
of		 Ffnancial
Activities		 55

Annual Trustees Rèport 2022123

for the Year Ended 31 March 202 3
31.3.2023 31.3.2022
Unrestricted Restncted Total funds Totalfunds
fund funds
Notes C E
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 1,156,877 415,207 1,572,084 1,389,043
Other trading
activities
- CBN Resources		 Ltd 7,492 7,492 25,760
Investment
income		 1,030 26 1,056 111
Total 1,165,399 413,233 1,580,632 1,414,914
EXPENDITURE ON
Raising funds 9,660 9,660 16,302
Charitable
activities
Humamtarian
Aid and		 Promotion of Christian 1,144,673 539,220 1,683,893 1,182,583
Religion
Total 1,154,333 539,220 1,693,553 1,198,885
NET INCOME/(EXPENDITURE) 11,066 f125,987) 1112,921) 216,029
RECONCILIATION
OF		 FUNDS
Total funds brought forward 99,321 329,604 428,925 212,896
TOTAL FUNDS CARRIED FORWARD ~110387 ~203 617 ~316004 428,925

Consolidated
Bala
At 31 March 2023		 nce Sheet
31.3.2023 31.3.2022
Unrestricted Restricted Totalfunds Totalfunds
fund funds
Notes E E
FIXED ASSETS
Tangible assets 14 74,963 74,963 50,404
74,963 74,963 50,404
CURRENT ASSETS
Stocks 16 4,154 4,154 3,095
Debtors 17 49,209 49,209 38,798
Cash at bank and in hand 10,165 205,840 216,005 357,537
63,528 205,840 269,368 399,430
CREDITORS
Amounts
falling due within		 one year 18 (28,104) (28,104) (20,909)
NET CURRENT ASSETS 35,424 205,840 241,Z64 378,521
TOTAL ASSETS LESSCURRENT LIABILITIES 110,387 205,840 316,227 428,925
NET ASSETS 110,387 205,840 316,227 428,925
FUNDS 20
Unrestricted
funds		 110,387 99,321
Restncted
funds		 205,840 329,604
TOTAL FUNDS ~3)6 227 428,925

Balance Sheet
~~rZ
2
31.3.2023 31.3.2022
Unrestricted Restricted Total
funds		 Total
funds
fund funds
Notes f. 6
FIXEDASSETS
Tangible
assets		 14 74,234 74,234 49,259
Investments 15 I I I
74,235 74,235 49,260
CURRENT ASSETS
Stocks 16 4,154 4,154 3,095
Debtors 17 56,893 56,893 46,482
Cash at bank and in hand 3,495 205,840 209,335 347,S67
64,542 205,840 270,382 397,444
CREDITORS
Amounts
faliing due within		 one year 18 (26,308) (26,308) (18,924)
NET CURRENT ASSETS 38,234 205,840 244,074 378,520
TOTAL ASSETS LESSCURRENT LIABILITIES 112,469 205,840 318,309 427,780
NET ASSETS 112,469 205,840 318,309 427,780
FUNDS
Unrestricted
funds		 112,469 98,176
Restricted
funds		 205,840 329,604
TOTAL FUNDS 318,309 427,780

Consolidated
Cash Flow Statement		 Consolidated
Cash Flow Statement
for the Year Ended 31 March 2023
31.3.2023 31.3.2022
Notes E E
Cash flows from operating activities:
Cash generated
from operations		 ~99,451) 213,966
Net cash provided
by (used in) operating
activities (99,451) 213,966
Cash flows from investing activities:
Purchase of tangible
fixed		 assets (43,360) (39,526)
Purchase of fixed asset investments
Sale of tangible
fixed assets
Interest
received		 1,279
Net cash provided
by (used in) investing		 activities
(42,081) l39,415)
Change
in cash and cash		 equivalents in the
reporting
period		 (141,532) 174,551
Cash and cash equivalents at the beginning of the
reporting
period		 357,537 182,986
Cash and cash equivalents at the end of the
reporting
period		 216,005 357,537

o the Cash Flow State
Year Ended 31 March		 ment
2023		 ment
2023		 ment
2023		 ment
2023
RECONCILIATION
OF		 NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
31.3.2023 31.3.2022
E 6
Net income/(expenditure)
for the reporting		 period (as per the
statement offinancial activities) (112,698) 216,029
Adjustments
for:
Depreciation
charges		 18,801 11,509
(Profit)/loss
on disposal		 of fixed assets
Interest
received		 (1,279) (111)
Decrease/(increase) in stocks (1,059) (663)
Decrease/(increase) in debtors (10,411) (8,048)
(Decrease)/increase in creditors 7,195 (4,750)
Net cash provided
by (used in) operating		 activities (99,451) 213,966

for th e Year Ended 31 March 2023 e Year Ended 31 March 2023
3, OTHER TRADING ACTIVITIES
31.3.20?3 31.3.2022
f. E
CBN Resources Ltd ~7492 25.760
4, INVESTMENT INCOME
31.3.2023 31.3.2022
C
Deposit account interest 1,279 111

Other trading
ac		 tivities
- Unrest		 ricted
31.3.2D23 31.3.2022
f
CBN Resources Ltd 10,719 16,965
Other ~1059) ~663)
9,660 16,302
CHARITABLE ACTIVITIES COSTS
Grant funding
Direct costs of activities Support costs Totals
(See note 7) (See note 8) (See note 9)
E E E
Humanitarian
Aid and Promotion		 of
Christian
Reugion		 1,550,383 125,824 7,686 1,683,893
DIRECT COSTS OF CHARITABLE ACTIVITIES
31.3.2023 31.3.2022
f E
Staff costs 767,341 700,558
Hire of equipment 20,542 8,597
Rent re; Licences 8 other 109,881 42,843
Rates 4,378 3,681
Insurance 5,696 5,539
Light and heat 5,202 728
Telephone 25,951 26,968
Postage and stationery
Production 0 satellite fees		 20,731
17,213		 18,982
15,946
Sundnes 1,664 2,488
Office expenses and repairs 66,697 26,639
Repairs
and maintenance		 755 455
Cast and talent fees 1,355 529
Bank charges 19,930 20,599
Exchange losses (603) (553)
Travelling 98,300 6,292
Contract
labour		 325,331 85,149
Profess1onal fees 39,887 22,278
Other Employment
Costs
Depreciation		 1,747
~18 385		 ~11402
1,550,383 999,120

GRANTS PAYAB LE
31.3.2023 31.3.2022
6 E
Humanitarian
Aid and Promotion		 of Christian Religion 125,824 ~176 143
The total grants paid to institutions during the year was as follows:
31.3.2023 31.3.2022
E E
Life TV 8,662
World Reach - Senegal 578
Operation
Blessing
USA		 9,515
Other donations under f5,00D 2,372
CBN Asia 3,255
Mission Freedom 6,000
Afghan
Refugees		 —Albania 9,836
CBN Balkan 21,424
Qendra
Celesi Im - Albania		 1,711
YMAM Poland 2,091
Christian
Broadcasting		 Network (Germany) Z,144 17,105
Doma Bejenaru / AO "Asociapa Jurnaliftilo r Crestini" 23,899
Helping
Hands (Greece)
Victory Church 24,469 19,000
2bfree 08Project (The Netherlands) 18,000 5,000
CBN Israel 11,505
Kosciol Zielonos - Poland 9,2D1
CBN Nederland 26,502
Awana Mimstries Portugal 7,149
LAB 7EVEN CIC 3,270
Infinity
Foundation		 1,824
Operation
Blessmg
International		 8,396
Other Donations 15,180
700 Club Germany 43,879
125,824 176,143

SUPPORT CO STS
Governance
costs
C
Humanitarian Aid and Promotion of Christian Re(igion 7,686
NET INCOME/(EXPENDITURE)
Net resources are stated after charging / (crediting):
31.3.2023 31.3.2022
C C
Auditors'
remuneration		 7,686 7,320
Depreciation - owned assets 18,801 11,506
Operating
leases		 54,946 54,946
(Gain)/Deficit on disposal of fixed asset

31.3.2023 31.3.2022
E E
Turnover 7,492 25,760
Cost of sales 6 293 9 850
1,199 15,910
Distribution and admmistration costs (4,426) (7,115)
Covenant to Charity (7,650)
Profit for the period and retained profit carried forward (3,227) 1,145
Net assets (2,081) 1,146

There were no There were no trustee s'
expen		 ses
paid for t		 he year ended
31 March 2023 nor fo		 r the year ended
3		 1 March 2022
STAFF COSTS
31.3.2023 31.3.2022
E E
Wages and salaries 714,457 646,685
Social security costs 37,403 40,136
Other pension costs 15,481 13,737
767,341 700,558
The average monthly number of employees during the year was as follows:
31.3.2023 31.3.2022
30 31

Unrestricted Restricted Total funds
fund funds
E E
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 1,028,276 360,767 1,389,043
Other trading
activities		 - CBN Resources Ltd 25,760 25,760
Investment
income		 85 26
Total 1,054,121 360,793 1,414,914
EXPENDITURE ON
Raising funds 16,302 16,302
Charitable
activities
Humanitarian
Aid		 and Promotion of Christian Religion ~1,019 178 163,405 1,182,583
Total 1,035,480 163,405 1,198,885
NET INCOME/(EXPENDITURE) 18,641 197,388 216,029
RECONCILIATION OF FUNDS
Total funds brought forward 80,679 132,217 212,896
TOTAL FUNDS CARRIED FORWARD ~99 320 329,605 429,792
TANGIBLE FIXED ASSETS - GROUP
Fixtures
and		 Computer
ftt'tin gs equipment Totals
L L E
COST
At
1 April 2022		 33,776 117,865 151,641
Additions 21,616 21,774 43,390
Disposals
At 31 March 2023 55,392 139,639 195,031
DEPRECIATION
At I April 2022 9,995 92,387 10Z,38Z
Charge for year 5,211 13,174 18,385
Eliminated
on disposal
At 31 March 2023 15,206 105,561 120,767
NET BOOK VALUE
At 31 March 2023 40,186 ~34 078 74,264
At 31 March 2022 ~23 781 25,478 49,259

14. TANGIBLE FIXED ASSETS —continued
—CHARITY
Fixtures and Computer
fIttirigs equipment Totals
E E E
COST
At 1 Apnl 2022 33,776 117,865 151,641
Additions 21,616 21,744 43,360
Disposals
At 31 inarch 2023 55.392 139,609 195,001
DEPRECIATION
At I April 2022 9,995 92,387 102,382
Charge for year 5,211 13,174 18,385
Ehminated
on disposal
At 31 March 2023 15,206 105,561 120,767
NET BOOK VALUE
At 31 March 2023 40,186 34,048 74,234
At 31 March 2022 23,781 25,478 49,259
15. FIXEDASSET INVESTMENTS - CHARITY
Listed
investments
E
MARKET VALUE
At 1 Apnl
ZOZZ and 31 March 2023
NET BOOK VALUE
At 31 March 2023
At 31 March 2022

STOCKS
31.3.2023 31.3.2022
E E
GROUP - Stocks 4 154
CHARITY - Stocks

DEBTORS: AM OUNTS F ALLING DUE WITHIN ONE YEAR - GROUP
31.3.2023 31.3,2022
E 6
Other debtors 24,329 35,010
Prepayments and accrued income ~24 880 3,788
~49 209 38,798
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - CHARITY
31.3.2023 31.3.2022
E 6
Other debtors 32,013 42,694
Prepayments and accrued income ~24 880 ~3788
56,893 46,482
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - GROUP
31.3.2023 31.3.2022
E f
Trade creditors 33 33
Social security and other taxes 14,831 12,833
Other creditors 1,744 1,898
Accruals
and deferred		 income 11,496 6,145
~28 104 ~20 909

CREDITORS: A MOUNTS FALLING DUE WITHIN ONE YEAR - CHARITY
31.3.2023 31.3.2022
E
Trade cred1tors
Social security and other taxes 14,746 12,568
Other creditors 66 211
Accruals
and deferred		 income 11,496 6,145
26,308 18,924

Minimum
lease payments
under non-cancellable
operatin		 g
leases fall due as fo(lows:
31.3.2023 31.3 2022
c C
Within one year 54,946 54,946
Between one and five years 164,400 128,246
In more than five years 41,100
219,346 224,292

Net movement
in funds
At 1.4.2022 At 31.3.2023
E E
Unrestricted
funds
Generalfund 99,321 18,642 117,963
Restricted funds
Restncted fund - Operation Blessmg 112,530 28,895 141,425
Restricted fund - Orphans Promise 76,699 28,117 104,816
Restricted fund — Help Ukraine 140,375 140,375 280,750
329,604 197,387 526,991
TOTAL FUNDS 428,925 216,029 644,954
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		 1,054,121 (1,035,479) 18,642
Restricted funds
Restricted fund - Operation Blessing 99,959 (71,064) 28,895
Restricted
Restricted		 fund
fund		 - Orphans
Promise
Help Ukraine		 115,405
145,429		 (87,288)
~5,054)		 28,117
140,375
360,793 (163,406) 197,387
TOTAL FUNDS 1~414914 (1~198,885) ~216 029
Comparatives
for		 movement in funds
Net movement
in funds
Ar 1.4.2020 At 31.3.2021
E E
Unrestricted
Funds
General
fund		 30,086 50,593 80,679
Restricted Funds
Restricted fund - Operation Blessing 78,447 5,188 83,635
Restricted fund - Orphans Promise 53,162 (4,580) 48,582
131,609 132,217
TOTAL FUNDS 161,695 51,201 212,896

for th e Year Ended 31 March 2023 e Year Ended 31 March 2023 e Year Ended 31 March 2023 e Year Ended 31 March 2023 e Year Ended 31 March 2023
20. MOVEMENT
IN FUNDS - continued
Comparative
net		 movement in funds, included in the above are as follows:
incoming Resources Movement
in
resources expended funds
E C f.
Unrestricted
funds
Generalfund 1,095,494 (1,044,901) 50,593
Restricted funds
Restncted
Restricted		 fund
fund		 Operation
- Orphans		 Blessing
Promise		 107,249
~41 449		 (102,061)
~46 029)		 5,188
~4,580)
148,698 (148,090) 608
TOT'AL FUNDS ~(244,(92 ~(192991) 51,201
A current year 12months and prior year 12 months combined position
is as follows:
Net movement
in funds
At 1.4.2020 At 31.3.2022
L E L
Unrestricted
funds
Generalfund 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 —I-lelp Ukraine 140,376 140,376
131,609 197,996 329,605
TOTAL FUNDS 161,695 267,231 428,926
A current year 12months and prior year 12 months combined net movement
in		 funds, included in the above are
as follows. '
Incoming Resources Movement
m
resources expended funds
E E C
Unrestricted
funds
Generalfund 2,149,615 (2,080,381) 69,234
Restricted funds
Restncted fund - Operation Blessing 207,207 (173,127) 34,080
Restricted
Restricted		 fund
fund		 - Orphans
Promise
—Help Ukraine		 156,854
~145429		 (133,317)
~5 053)		 23,537
140,376
509,490 (311,497) 197,993
TOTAL FUNDS 2,659,105 i2,391,878) 267,227