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|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|
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|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|||||||
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|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||
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|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|
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|||||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|
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||||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|||
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|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|
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|||||||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|
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|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|||
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|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||||
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|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|||||