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2021-03-31-accounts

Forthe Year ended 3 1"March 2021
Pages
Directors'
report		 2-14
Statement ofTrustees Responsibilities 15
Independent
Examiners'		 Report 16
Statement offinancial activities 17
Balance sheet 18
Notes to the financial statements 19-24
Statement ofCashflow 25

Forthe Year ended 31"M arch 202 1
Total Total
Unrestricted Restricted Year ended Year ended
Funds Funds 31.03.2021 31.03.2020
Income Note 6 6 6 8
income and endowments from:
Donations
and Legacies		 138,958 184,955 323,913 280,464
Community
Centre/
Grant Funding		 60,994 60,994 65,582
Other Trading
activities		 12,089 12,089 12,368
Government
JRS Income		 18,462 18,462
Investment
Income
Interest Received 66 66 211
TOTAL
~E*
dip
Expenditure
On:
Raising Funds 12,262 12,262 8,415
Charitable
Activities		 121,424 245,749 367,173 434,527
Other Costs 1,714 1,714 1,602
TOTAL
Net (expenditure)/income before
Investment
gains/(losses)		 15,713 18,662 34,375 (85,919)
Net Gains/(losses)
on investments		 6 19,715 19,715 (35,339)
Net income/(Expenditure) 35,428 18,662 54,090 (121,258)
Transfers
between Funds
Net Movement
in funds		 35,428 18,662 54,090 (121,258)
Reconciliation
of Funds:
Total funds
brought forward		 585,839 149,749 735,588 856,846
Total funds carried forward

INCOMING SOURCES ANALY SED BETW EEN PRO JECTS
Millside
Community One Ministry Missionary
Centre
UK Radio		 Household Fund Fund Other Total
6
8		 L' 8 8 6
60,994
951		 710 153,254 34,959 146,128 396,996
Summ
ofincomin
resources		 f
Incoming resources as detailed above 396,996
Government
JRS income		 18,462
Interest received per Statement of Financial Activities 66

COSTS O F GENERATING VOLUNTARY
INCOME
Year ended Year ended
31.03.21 31.03.20
8 8
Fundraisin and Publicit
Advertising 9,986 3,829
Wavelength 1,659 2,330
Conference and Exhibitions 617 1,623
Deputation 633

Yearended Yearended
31.03.2021 31.03.2020
4. COST OF ACTIVITIES
IN FURTHERANCE OF
THE CHARITY'S OBJECTS
Rent and Rates 2,139 2,816
Insurance 3,505 3,718
Light and Heat 4,185 4,409
Staff Salaries 73,979 93,335
Staff Pensions 3,116 2,657
Staff Training
and Recruitment		 1,745
Printing
and Stationery		 1,155 1,648
Books and Journals 59 52
Postage and Shipping 4,136 3,783
Telephone 1,694 1,236
Travel and Deputation 200 1,935
Bank Charges 870 563
Subscriptions 610 890
Housekeeping 3,576 5,406
Depreciation 11,625 5,267
IT Costs 4,790 3,849
One Household Ministry 4821 1 802
121,424 135,111
Missionary/Ministry Support 178,193 221,306
Community
Centre		 Grant Funding 67,556 78,110
Year ended Year ended
31.03.2021 31.03.2020
Z 8
OTHER COSTS
Legal and Professional 160 48
Accountancy
charges		 1 554 1 554

Studio/
Audio
Freehold Visual Computer Fixtures & Office
Building
6		 Equipment
E		 Equipment
6		 Fittings
6
Equipment		 Total
6
Cost
As at1"April 2020 380,000 17,323 32,597 152,753 49,950 632,623
Additions
Disposals
As at 31 March 2021 380,000 17,323 32,597 152,753 49,950 632,623
Depreciation
As at1"April 2020		 77,266 17,323 29,203 20,686 49,950 194,428
Charge for Year 7,6OO 970 3,055 11,625
Eliminated
on
Disposals
As at 31 March 2021
Net Book Value
As at 31 March 2021
As at 31March 2020
6.
FIXEDASSET INVESTMENTS		 Yearended Year ended
31.03.2021 31.03.2020
E 6
Quoted Investments
Market value at 1"April		 2020 180,435 215,774
Addition
Net unrealised
investments
Sale proceeds		 gain/(loss) 19,715 (35,339)
Market Value 200 1
Historical cost at 200000

DEB TORS Year ended Year ended
31.03.2021 31.03.2020
6 6
Prepay ments 3,117
Trade Debtors
Sundry Debtors 1 721 1 114

Year ended Year ended
31.03.2021 31.03.2020
8
Accruals 1,257 1,554
Other Creditors 1 554 4670
L224
9.
UNRESTRICTED FUNDS
Balance
1"April 2020		 Incoming
Resources		 Outgoing
Resources		 Investment
Movement		 Transfer Balance 31"
Illlarch 2021
E E E E Z
Unrestricted
Funds
General 585,839 151,113 (135,401) 19,716 621,267
10.
RESTRICTED		 FUNDS
Balance
1"April
2020
E		 Incoming
Resources
6		 Outgoing
Resources
E		 Investment
Movement
E		 Transfer
E		 Balance 31"
March 2021
8
Restricted Funds
Missionary support 30,733 35,910 (49,246) 37,160 54,557
Ministry support 40,644 167,507 (128,947) (35,137) 44,067
Community /Grant
Funding 78372 60994 ~2023 69787

ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restricted Total
Z 8 E
Fund balances at31"March 2021 are represented by:
Tangible fixed assets 258,159 168,411 426,570
Investment 200,150 200,150
Current assets 165,769 165,769
Liabilities ~2811 ~2811
Total net assets ~212 7

TAFF COSTS
Yearended Year ended
31.03.2021 31.03.2020
E
Salaries and National Insurance
The average number offull time equivalent staff employed
by the charity during the year was

HCJB-UK Limited
Statement ofCashflow
Forthe Year ended 31"March 2021
Year ended Year ended
31.03.2021 31.03.2020
Funds Funds
Cash flows from operating
activities:
Net cash provided by (used in) operating activities as below 4~5097 ~74807
Cash flows from investing
activities:
Purchase
of property,
plant and equipment
Proceeds from sale pf property,
plant and equipment
Additions
from investments
(net)
Het cash provided by (used in)investing activities
Net cash provided by (usedin) financing activities
Change in cash and cash equivalents in the reporting period 45,097 (74,807)
Cash and cash equivalents
at the beginning		 ofthe reporting
period 118951 193758
Cash and cash equivalents
at the end		 of the reporting period
Reconciliation
of net incomei(expenditure)		 to net cash flow
from operating
activities:
Net incomei(expendi
ture) for the reporting		 period (asper the
statement
offinancial
activities)		 54,090 (121,258)
Adjustments
for:
Depreciation
charges		 11,625 5,267
Unrealised
gains		 (19,715) 35,339
(Increase)/dscrease
in debtors		 2,510 5,092
(Decrease)/increass
in creditors		 L33413 753
Net cash provided
by (used in) operating		 activities