| Pages | |||
|---|---|---|---|
| Trustees' | Annual Report |
2-15 | |
| Independent Auditor's |
Report | 16-18 | |
| Statement | of Financial | Activities | 19 |
| Balance Sheet | 20 | ||
| Cash-flow | statement | 21 | |
| Notes to | the Financial | Statements | 22-36 |
| Governing | Governing | document: | Memorandum BArticles |
Memorandum BArticles |
Memorandum BArticles |
(Dated | 28 February 2014) | 28 February 2014) | 28 February 2014) | 28 February 2014) |
|---|---|---|---|---|---|---|---|---|---|---|
| Charity Number: | 1123973(England BWales) | |||||||||
| SCO39645 (Scotland) | ||||||||||
| 20200671 (Republic | of Ireland) | |||||||||
| Company | Number: | 06541911(England | ik | Wales) | ||||||
| Trustees: | K.S.Ashman (appointed |
Chairman | September | 2019) | ||||||
| S.Beattie | ||||||||||
| G.T. Featherstone | ||||||||||
| L. L. Lee | ||||||||||
| O. A. Ngundu (resigned |
27 July | 2022) | ||||||||
| J.Thomas | ||||||||||
| Y. Huang (appointed |
27 | July 2022) | ||||||||
| Rev M. Wi (appointed | 27 July 2022) | |||||||||
| E. K. Y. Kwan (appointed | 02 September | 2022) | ||||||||
| S.G. Connolly (appointed |
15November | 2022) | ||||||||
| Rev T. L. Wambunya | (appointed | 15 | November | 2022) | ||||||
| National | Directors | P. ik C. Rowan | ||||||||
| National | ik Registered | Station Approach | ||||||||
| Office: | Borough Green | |||||||||
| Sevenoaks | ||||||||||
| Kent TN15 BBG | ||||||||||
| Auditor: | Azets Audit Services | |||||||||
| 2"' Floor, Regis House | ||||||||||
| 45 King William Street | ||||||||||
| London EC4R 9AN | ||||||||||
| Bankers: | National Westminster |
Bank pic | ||||||||
| 7th Floor | ||||||||||
| 280 Bishopsgate | ||||||||||
| London EC2M 4RB |
||||||||||
| Ulster Bank | ||||||||||
| College Green Branch | ||||||||||
| PO Box 145 | ||||||||||
| 33 College Green | ||||||||||
| Dublin2 | ||||||||||
| Republic of Ireland |
Independent Auditor's Report to the trustees and members of OMF Internatlonal (UK) For the year ended 31 December 2022 adequate accounting records have not Ien kep¢ or retums adequate for our audit have not been received from branche5 not V15ited by us,, or the financial ststements are not in agreement with the accounting records and retums; or rtain disclosures of d1ctorS, remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit. or the trLtstees were not entitled to prepare the financial statements in accordan with the small companie5, regime and tske advantage of the small companies, exemption in preparing the directors, report. Responsibilities of trustees As explained MO fully in the trustee5' responsibilities statement set out on page 15, the trustees (who a also the director5 of the charitsble company for the purpose5 of company law) are pOnsIble for the preparation of the flnancial Statements and for being satlsfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financ1 statements that are free from material misststement, whether due to fraud or error. In preparirrfJ the financial statements, the trustees are resEKJnsible for assessing the charitable companys abllity to continue as a going COnrn, disclosing, as applicable, matters related to going concern and using the going conrn basi5 of accounting unless the trLtstees either intend to liqumlate the charitsble company or to cease operations, or have no realistic alternative but to do so. Auditorfs responsibilities for the audlt of the financial statements Our objectives are to obtain reasonable assurance about whether the finanrial ststements as a whole are free from material misststement, whether due to fraud or error, and to issue an auditorfs rewrt that. includes our opinion. Reasonable assuran is a high level of assuran, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misststement V4hen it exists. Misststement5 can arise from fraud or error and are considered material if, individualw or in the aggregate, they could reasonably be expected to Influen the economic decisions of users taken on the basts of these financial ststements. A further description of our responsibilities is availableon the Financial Reporting Council's website at,. https.'/lwWw.frc.org.uklOur-WorklAudiVAudit-and-a55urancelStsndards-and%uidanstandard5-and-guIdanCe-f0r- auditor5/Auditors-responsibilities-for-audiVDescription-of-auditors-responsibilities-for-audit,aspx. This description fomis part of our auditor's report. Extent to which the audit was considered capable of detetting irregularities, including fraud Irregularities, Irregularities. including fraud, are Instan of non-compliance with law5 and regulations. We design procedltres in line with our respKsnsibilities, outlined above and on the Financial RertIng Council's website, to detect material misstatements in respEd of irreguiarities, including fraud. We obtaln and update our understanding of the entity, its octivitie5, its control environment, and likety future developments, including in relation to the kgal and regulatory framework applicable and how the entity is complying with that framework. Based on this understsnding, we Klentify and assess the risk5 of material misstatement of the financial statement5, whether due to fraud or error, deslgn and perfonn audit procedures responsive to those risk5, and obtsin audit evidence that is sufficient and appropriate to provide a basis for our opinion. This include5 consideration of the rlsk of acts by the entity that were contrary to applicable laws and regulations, including fra. In resrkJn5e to the risk of irwularities and non-compliarKe with laws and regulatlons, including fraud, we deslgned produreS which included.. Enquiry of management and those charged with governan around actual and potential litigation and daims as well a5 actual, suspected and alleged fraud- Reviewing minutes of meetings of those charged with governan,. Assessing the extent of compliance with the laws and gUlationS considered to have a dlrect material effect on the financial statements or the operations of the company through enquiry and inspection; Revwing financial ststement disclosures and testing to supporting documentation to asse55 compliance with applicable laws and regulations- Performing audit work over the risk of management bkis and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of buslness and reviewing accounting estimates for indicator5 of potential bias. 17
| 2022 | 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Unmstricted | Restricted | Total | Cln estrkted | Restricted | Total | ||||
| Note | Funds | Funds | Funds | Funds | Funds | Funds | |||
| E | 6 | E | E | E | |||||
| Income from: | |||||||||
| Donations: | |||||||||
| Support gifts | 4,404,241 | 4,404,241 | 4,399051 | 4,399,0S1 | |||||
| General donations | 577,679 | 577,679 | 609037 | 609,037 | |||||
| Project Funds UK |
15,213 | 60,390 | 75,603 | 8568 | 134,934 | 143,SOZ | |||
| Project Funds overseas | 281,802 | 281,802 | 230 352 | 230,352 | |||||
| Legacies UK | fg,ls | 1,215,767 | 1,215,767 | 1,290222 | f,290,2ZZ | ||||
| Legacies for Overseas | 97,812 | 97,812 | 75725 | 7$,725 | |||||
| Other Trading Activities | |||||||||
| Publications income |
29,463 | 29,463 | 18807 | 18,807 | |||||
| Rental income | 45,221 | 45,221 | 4504S | 4504$ | |||||
| Investment income: |
|||||||||
| Gain on disposal of | investment | ||||||||
| properties | |||||||||
| Interest receivable | 6,282 | 6,282 | 2,238 | ||||||
| Net gain on disposal | ofassets | (346) | (346) | ||||||
| Total Income | 6i293i520 | 440i004 | 6r733r524 | 6i3T2968 | 441r011 | Ei813r979 | |||
| Expenditure on: |
|||||||||
| Raising funds | 5,271 | 5,271 | 4787 | 4,787 | |||||
| Charitable activities |
|||||||||
| Mobilisation | 1,081,757 | 38,786 | 1,120,543 | 924,298 | 51,769 | 976067 | |||
| Evangelisation | 3,559,704 | 432,946 | 3,992,650 | 3379578 | 407,259 | 3,786,837 | |||
| Mission Support | 489,387 | 4,848 | 494,235 | 455013 | 6471 | 461,484 | |||
| Administration Support |
613,932 | 613,932 | 538474 | $38,474 | |||||
| Education and Information |
47,436 | 47,436 | 43,08S | 43,08S | |||||
| Retirement | to | 699,512 | 699,512 | 628689 | 628,689 | ||||
| Total Expenditure | 6i496r999 | 476r580 | 6i973r579 | 5i973924 | 46$r499 | 6i439i423 | |||
| Net Gains on investments | 13 | 485,850 | 9,175 | 495,025 | 649967 | 12,274 | 662,241 | ||
| Net (expenditure)/ | income | 282 371 | (27i401) | 254i970 | 1049Of1 | (12r2f43 | fr036i797 | ||
| Transfers between funds |
|||||||||
| Net movement in |
funds | 282,371 | (27r401) | 254i970 | 1r049r011 | (1+2143 | 1r036r797 | ||
| Reconciliation offunds: |
|||||||||
| Total funds brought | forward | 15,446,756 | 43 | l,301 | 15,881,057 | 14397,745 | 446515 | 14,844260 | |
| Total funds carried forward | 15r729i127 | 406r900 | 16r136i027 | 1Sr44lfr7$6 | 434i30f | 15881057 |
| Balance Sh | eet as at 31Decem | ber 2 | 022 | |||||
|---|---|---|---|---|---|---|---|---|
| Note | ||||||||
| 2022 | 2022 | |||||||
| E | E | |||||||
| Fixed Assets | ||||||||
| Tangible Fixed Assets- Properties |
12 | 5,518,800 | 5,635,600 | |||||
| Tangible Fixed Assets- Other |
12 | 33,850 | 44,474 | |||||
| Fixed Assets | Investments- Managed |
13 | 7,168,146 | 6,673,121 | ||||
| Fixed Assets | Investments- Unlisted |
13 | 33,627 | 33,627 | ||||
| 12,754,423 | 12,386,822 | |||||||
| Current Assets | ||||||||
| Investment | property held for re-sale |
15 | 37,418 | 37,418 | ||||
| Stock | 13,338 | 8,519 | ||||||
| Debtors | 16 | 1,160,774 | 1,108,791 | |||||
| Cash at bank | and in hand |
2,640,473 | 2 967 051 | |||||
| 3,852,003 | 4,121,779 | |||||||
| Creditors: | amounts falling due within one year |
17 | (470,399) | (627,544) | ||||
| Net Current | Assets | 3,381,604 | 3,494,235 | |||||
| Total Net Assets | 19-22 | 16,136,027 | 15,881,057 | |||||
| Funds: | ||||||||
| Unrestricted | -General Fund | 3,059,381 | 3,210,242 | |||||
| Designated | ||||||||
| - Property Fund |
5,840,000 | 5,840,000 | ||||||
| - Retirement Fund |
3,996,717 | 3,714,347 | ||||||
| - HSF Buffer reserve | 556,000 | 684,000 | ||||||
| — Legacy Reserve | 618,000 | 837,000 | ||||||
| - Home Assignment | Ministry | Fund | 523,027 | 213,670 | ||||
| - Reverse Mission Training of East Asians |
Ik Equipping | 250,000 | 250,000 | |||||
| - Diaspora Related Collaborative (I Ministry Projects — Other Designated Funds (( 6200k) |
200,000 686,002 |
200,000 497,497 |
||||||
| Total Unrestricted Funds |
19-22 | 15,729,127 | 15,446,756 | |||||
| Restricted | Funds | 19-22 | 406,900 | 434,301 | ||||
| Total Funds | 19-22 | 16,136,027 | 15,881,057 |
| Total funds | Prior Year | |||||
|---|---|---|---|---|---|---|
| funds | ||||||
| 6 | ||||||
| Cash flows from operating | activities: | |||||
| Net Cash used in operating activities |
(3106124) | 2$$jBT6 | ||||
| Cash flows from investing | activities: | |||||
| Interest from investments | 6,282 | 2,238 | ||||
| Purchase of property, plant and equipment |
(22,736) | (14,901) | ||||
| Net cash provided (used in)/by investing |
activities | ~16,464 | ~66666 | |||
| Changein cash and cash equivalentsin period |
the reporting | (326,578) | 243213 | |||
| Cash and cash equivalents reporting period |
at the beginning ofthe | 2,967,051 | 26223838 | |||
| Cash and cash equi valents | atthe end ofthe reporting period | 6,646473 | ~966666 | |||
| Reconciliation ofnet (expenditure)/income |
to net cash flow | from operating activities |
||||
| Current Year | Prior Year | |||||
| E | 6 | |||||
| Netincome for the iaporting pened (as offinancial activi~) |
per the statement | 254,970 | 1,036,T9T | |||
| Depreciation | 149,814 | 161,394 | ||||
| Interest from investments | (6,282) | f'2238) | ||||
| Increase/(Decrease) in creditors |
(157,145) | 235328 | ||||
| (Increase)/Decrease in debtors |
(51,983) | (512,996) | ||||
| Increase in stock |
(4,819) | (16'8) | ||||
| Gains on investments | (495,025) | (662,241) | ||||
| Gain/(loss) on disposal of fixed assets |
346 | |||||
| Net (used in)/provided by |
operating | activities | (3106124) | 2$$~BTB |
| Land | 0% | |
|---|---|---|
| Buildings | 2% | |
| Motor vehicles | 25% | |
| Computer | equipment | 33.33% |
| Fixtures, | fittings and office equipment | 25% |
| 2022 | 2022 | ||
|---|---|---|---|
| E | |||
| Staff costs | 13,364 | 13218 | |
| Trustee | Expenses | 607 | 258 |
| Auditors' | fees - for audit | 20,624 | 19101 |
| Other costs | 28,877 | 22,156 | |
| 63,472 | 54,7'33 |
| Unrestricted | Restricted | TOTAL | Llnresfrfcfsd | Lfestnceea' | TOTAL | ||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | Funds | Funds | 2021 | ||
| E | E | E | |||||
| Staff salaries (note | 11) | 136,585 | 136,585 | 118563 | 118563 | ||
| Member Allowance | payments | 488,972 | 488,972 | 376,572 | 376,572 | ||
| Member Expense | payments | 38,160 | 38,160 | (1,847) | (1,847) | ||
| Member Pension, | Nl &Tax | 83,783 | 83,783 | 80,474 | 80,474 | ||
| Home Assignment 8 Expenses |
Allowances | 211,852 | 211,852 | 260,161 | 260,161 | ||
| Literature &Information |
36,158 | 36,158 | 49,719 | 49,719 | |||
| Other Costs | 85,564 | 38,786 | 124,350 | 39,434 | 51,769 | 91,203 | |
| Serve Asia Teams | 683 | 683 | 1222 | 1,222 | |||
| 1,081,757 | 38,786 | 1,120,543 | 924~298 | 91~769 | 976,067 |
| Unrestricted | Restricted | TOTAL | Otuesrrrctsd | Rssuv'casd | TOTAL | |||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | Funds | Funds | 2022 | |||
| E | E | |||||||
| Staff salaries (note 11) | 20,258 | 20,258 | ||||||
| Overseas allocation to OMF International (Singapore) |
2,132,216 | 379,616 | 2,511,832 | 1,975139 | 336,077 | 2,311,216 | ||
| Member | Allowance | payments | 638,123 | 638,123 | 613,785 | 613,/85 | ||
| Member | Expense | payments | 4,520 | 4,520 | (11,622) | ('11,622) | ||
| Member | Pension, | NI ILTax | 712,155 | 712,155 | 684,031 | 684,031 | ||
| Serve Asia Teams | 2,048 | 2,048 | 3666 | 3,666 | ||||
| Other costs | 50,384 | 53,330 | 103,714 | 114i,579 | 71,182 | 185761 | ||
| 3r559r704 | 432946 | 3992650 | 3/379/ 578 | 407259 | 3/786/837 |
| Mission Suppo | rt expendit | ure | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | TOTAL | Llnsusiciud | Restricted | TOTAL | ||
| Funds | Funds | 2022 | Funds | Funds | 2021 | ||
| 6 | 6 | 8 | |||||
| Staff salaries (note 11) | 111,551 | 111,551 | 109,092 | 109,092 | |||
| Member Allowance | payments | 196,843 | 196,843 | 191,822 | 191,822 | ||
| Member Expense | payments | 20,100 | 20,100 | (296) | (296) | ||
| Member Pension, |
NI8Tax | 33,513 | 33,513 | 32,190 | 32,190 | ||
| Home Assignment 8L Expenses |
Allowances | 23,539 | 23,539 | 2890/ | 28907 | ||
| Other costs | 103,841 | 4,848 | 108,689 | 93298 | 6/471 | 99,769 | |
| 489,387 | 4r848 | 494'235 | 4SS/013 | 6/471 | 482/484 |
| Unrestricted | Restricted | TOTAL | Vnrnstrictsd | Restricted | TOTAL | |||
|---|---|---|---|---|---|---|---|---|
| Fundsf | Fundsf | 2022 f |
Funds E |
Funds E |
2021 E |
|||
| Staff salaries | (note 11) | 227,081 | 227,081 | 204,977 | 204,977 | |||
| Member Allowance | payments | 16,063 | 16,063 | 19,895 | 19,895 | |||
| Member Expense | payments | 2,444 | 2,444 | (36) | (36) | |||
| Member Pension, |
NI 8 Tax | 8,378 | 8,378 | 8047 | 8047 | |||
| Information | Technology | 44,632 | 44,632 | 55878 | 55878 | |||
| Exceptional | Costs | 58,200 | 58,200 | 13,578 | 13578 | |||
| Other costs | 257 134 | 257 134 | 236135 | 236135 | ||||
| 613,932 | 613,932 | 538474 | 538r474 |
| Unrestricted | Unrestricted | Restricted | TOTAL | Linrsstricted Rstttctsd |
TOTAL | ||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | Funds Funds |
2021 | |||
| f | f | f | E | E | |||
| Literature and information |
11,161 | 11,161 | 10,469 | 10469 | |||
| Books and Conferences | 1,769 | 1,769 | 999 | 999 | |||
| Staff salaries (note | ll) | 34 506 | 34 506 | 31617 | 31617 | ||
| 47,436 | 47,436 | 43r08S | 43r085 | ||||
| ucation and information |
expenditure | comprises the costs of producing | the magazine "East Asia Billions", books, |
||||
| nferences and prayer resources. |
|||||||
| Retirement | expenditure | ||||||
| Unrestricted | Restricted | TOTAL | OnAetryctrrd Restricted |
TOTAL | |||
| Funds | Funds | 2022 | Funds Funds |
2021 | |||
| f | E | E | |||||
| Retired member allowance payments |
690,197 | 690,197 | 619,634 | 619,634 | |||
| Member Allowance |
payments | 4,016 | 4,016 | 4,974 | 4,974 | ||
| Member Expense payments |
607 | 607 | (9) | (9) | |||
| Staff salaries (note | 11) | 4,646 | 4,646 | 4,052 | 4,052 | ||
| Other costs | 46 | 46 | 38 | 38 | |||
| 699,512 | 699,512 | 62S699 | 628689 |
| costs | |||||
|---|---|---|---|---|---|
| 2022 | 2022 | ||||
| E | |||||
| Wages 8 salaries | 456,844 | 401,329 | |||
| Social security costs | 42,108 | 34,644 | |||
| Pension contributions |
35675 | 3232B | |||
| 534 627 | 466307 | ||||
| Staff costs analysed | by function: | ||||
| Note 5 Mobilisation | Expenditure | 136,585 | 1167563 | ||
| Note 6 Evangelisation | Expenditure | 20,258 | |||
| Note 7 Mission Support | 111,551 | 1i79,i792 | |||
| Note 8 Administration | Support | 227,081 | 204,977 | ||
| Note 9 Education and |
Information | Expenditure | 34,506 | 31,617 | |
| Note 10Retirement | costs | 4 646 | 4052 | ||
| 534 627 | 460307 |
| ngible fixed | assets | ||||||
|---|---|---|---|---|---|---|---|
| Land | Fixtures | ||||||
| and | Computer | Office | and | Motor | |||
| Buildings | equipment | equipment | Fittings | Vehicles | Total | ||
| E | F. | 6 | E | ||||
| Cost or valuation | |||||||
| 1 January 2022 |
5,840,000 | 211,757 | 62 229 | 115568 | 10150 | 662397704 | |
| Additions | 22,736 | 22,736 | |||||
| Disposals | (80,006) | (80,006) | |||||
| 31December | 2022 | 5,840,000 | 1540487 | 627229 | 115568 | 106150 | 661827434 |
| Accumulated | depreciation | ||||||
| 1 3anuary 2022 | (2040400) | (1956492) | (606457) | (896131) | (107150) | (5597630) | |
| Charge for the | year | (116,800) | (14,319) | (731) | (17,964) | - | (149,814) |
| Released on disposals |
79,660 | 79,660 | |||||
| 31December | 2022 | (3210200) | 1306151) | (617188 | (1076095) | (107150 | 6296784 |
| Net book value | |||||||
| IIanua6y 2022 | 5,635,600 | 16265 | 17772 | 266437 | 5,684,074 | ||
| 31December | 2022 | 5,518,800 | 24336 | 16041 | 87473 | 5,552,650 |
| Managed | Investments | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| f | f | ||||
| Market Value at 1january | 2022 | 6,673,121 | 6i010i660 | ||
| Unrealised | investment | gains | 495,025 | 662,241 | |
| Market Value at 31 | December 2022 | 7,168,146 | 6671,121 |
| ng the ac |
counts | OM | F Inter | national (UK)'s |
investments were |
valued at f6,648,07 |
|---|---|---|---|---|---|---|
| Unlisted | Investments | |||||
| 2022 | 202f | |||||
| f | f | |||||
| Value at 1 | january | 2022 | 33,627 | 33627 | ||
| Additions | ||||||
| Disposais | ||||||
| Unrealised | investment | gains/ | (iosses) | |||
| Market Value at | 31 | December 2022 | 33,627 | 33617 |
| Current | Asset Inves | tme | nts | - property held |
for sale (restricte | d) |
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| E | E | |||||
| Market Value at 1January | 2022 | 37,418 | 37,418 | |||
| Disposals | ||||||
| Unrealised | investment | gains/ | (losses) | |||
| Market Value at 31 | December 2022 | 37,416 | 37418 |
| 2022 | 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|---|
| I | E | |||||||
| Trade debtors | 1,585 | |||||||
| Other debtors | 5,347 | 21,307 | ||||||
| Prepayments | 59,220 | 43937 | ||||||
| Accrued income |
—Legacies | 1,070,806 | 1,007,676 | |||||
| Accrued income |
- Gift | Aid | 25,401 | 34,223 | ||||
| Accrued income |
—Other | 63 | ||||||
| 1,160,774 | 1~108~791 | |||||||
| Of the | I1,070,806 legacies | accrued, 6110,434 had been received | by the charity at | the date the | financial statem |
|||
| signed. | ||||||||
| 17Creditors: amounts | falling due within one year | |||||||
| 2022 | 2021 | |||||||
| I | E | |||||||
| Sundry creditors | 104,765 | 239897 | ||||||
| Accruals - general | 70,748 | 16612 | ||||||
| OMF International | (Singapore) | 89,687 | 49920 | |||||
| Deferred income |
205,199 | 321,115 | ||||||
| 470,399 | 627$44 | |||||||
| Reconciliation ofdeferred |
income | |||||||
| 2022 | 2021 | |||||||
| E | ||||||||
| Amount | Deferred at January | 1 2022 | 321,115 | 176490 | ||||
| Amounts | deferred in year |
20,000 | 158,286 | |||||
| Amounts | received - from | prior years | (135,916) | (13,661) | ||||
| Amounts | received - from | current year | ||||||
| Deferred | income at 31 | December 2022 | 205199 | 32111$ |
| 9Funds | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance | Income | Expenditure | Investment | transfers | Balance | ||||||
| 01/01/2022 | gains | 31/12/2022 | |||||||||
| E | E | E | E | ||||||||
| General Fund |
3,210,242 | 3,238,264 | (3,935,094) | 198,969 | 347,000 | 3,059,381 | |||||
| Designated Funds: |
|||||||||||
| Property Fund |
5,840,000 | 5,840,000 | |||||||||
| Retirement Fund |
3,714,347 | 282,370 | 3,996,717 | ||||||||
| HSF Buffer Reserve | 684,000 | (128,000) | 556,000 | ||||||||
| Legacy Reserve | 837,000 | (219,000) | 618,000 | ||||||||
| Reverse Mission Training Equipping of East Asians |
8& | 250,000 | 250,000 | ||||||||
| Diaspora Related Collaborative Ministry Projects |
8& | 200,000 | 200,000 | ||||||||
| Joining Members Fund |
24,212 | 100,429 | (I3,064) | 111,577 | |||||||
| Home Assignment Ministry |
Fund | 213,670 | 544,566 | (235,209) | 523,027 | ||||||
| UK Ministry Funds |
173,329 | 2,353,622 | (2,202,137) | 324,814 | |||||||
| Creation Care Fund | 31,669 | 125 | (1,020) | 30,774 | |||||||
| Philip Henman Fund |
35,773 | (3,253) | 4,511 | 37,031 | |||||||
| Marketplace Ministry |
Fund | 194,585 | 7,598 | (61,685) | 140,498 | ||||||
| Listening to East Asian Church Voices |
15,000 | 15,000 | |||||||||
| Other Miscellaneous (&620k) |
Funds | 22,929 | 48,916 | (45,537) | 26,308 | ||||||
| Total Designated | funds | 12,236g514 | 3055256 | (2&561&905) | 286&881 | (347000) | 12&669&746 | ||||
| Total Unrestricted | Funds | 15&446&756 | 6g293g520 | (6&496&999) | 485&850 | 15,729,127 | |||||
| Restricted Funds |
|||||||||||
| Holland Legacy Fund |
38,559 | 38,559 | |||||||||
| Hong Kong Welcome Fund |
Project | 17,352 | 6,710 | (7,041) | 17,021 | ||||||
| Chapman Legacy |
78,336 | (4,696) | 73,640 | ||||||||
| Medical Missionaries | Fund | 38,823 | 2,498 | 41,321 | |||||||
| Leah Evans Bequest | 106,301 | 6,677 | 112,978 | ||||||||
| Other Miscellaneous (&E7I&) |
Funds | 54,930 | 53,680 | (85,229) | 23,381 | ||||||
| 334,301 | 60,390 | (96,966) | 9,175 | 306,900 | |||||||
| Other Overseas funds | 100,000 | 379,614 | (379,614) | 100,000 | |||||||
| Total Restricted Funds |
434&301 | 440&004 | ' (476580) | 9 175 | 406,900 | ||||||
| Total Funds | 15&881&057 | 6&733r524 | (6973579) | 495025 | 16,136,027 |
| 20Prior Year | Fund | s | ||||||
|---|---|---|---|---|---|---|---|---|
| Balance | Income | ExPenditure | Investment | Transfers | Balance | |||
| 01/01/2021 E |
E | gains 6 |
31/12/2021 I |
|||||
| General Fund | 9,363~147' | 4,534026 | (4,113,110) | 266179 | (840000) | 3,210i242 | ||
| Designated Funds: |
||||||||
| Property Fund | 5840,000 | 5840~000 | ||||||
| Retirement Fund |
3,336,594 | 3P7i753 | 3,714~347 | |||||
| HSFBuffer Reserve | 760r000 | (7S,OOO) | 684,000 | |||||
| Legacy Reserve | 414~000 | 423,000 | 837,000 | |||||
| Reverse Mission Training & Equipping ofEastAsians Diaspora Related Collaborative 8 Ministry Projacts |
2$0,000 200000 |
250,000 200,000 |
||||||
| Joining Members Fund | 39,741 | 78887 | (102,416) | 8000 | 24,212 | |||
| Home Assignment Ministry Fund |
233,076 | 269,662 | (289,068) | 213,670 | ||||
| UKMinistry Funds | 125,02$ | 1~450r856 | (1,402SS2) | 173~329 | ||||
| Creation Care Fund | 20,000 | (8331) | 20000 | 31,669 | ||||
| Philip Henman Fund |
44,208 | (14r470) | Sr035 | 35~773 | ||||
| Marketplace Ministry |
Fund | 200i000 | (5,415) | 194SBS | ||||
| Listening to East Asian Church lroices |
1$r000 | 1S&000 | ||||||
| Other Miscellaneous (&EZOk) |
Funds | 21,954 | 39,S37 | (38S62) | 22,929 | |||
| Total Designated funds | 11034598 | 1,838942 | (1860814) | 383788 | 840000 | 12,236,514 | ||
| Total Unrestricted Funds |
14397,745 | 6,372,968 | (S973924) | 649967 | 15~446~756 | |||
| Restricted Funds | ||||||||
| Holland Legacy Fund | 38,5$9 | 38559 | ||||||
| Hong Kong Welcome | Proj | ectFund | 10,834 | 127,922 | (121~404) | 17,3$2 | ||
| Chapman Legacy |
81,173 | (2,837) | 78i336 | |||||
| hledicai Missionaries | Fund | 3S,481 | 3342 | 38823 | ||||
| Leah Evans Bequest | 97,369 | 8932 | 106,301 | |||||
| Other Miscellaneous | Funds (&Eyk) | 53,099 | 7~012 | (S181) | S4,930 | |||
| 316S15 | 134~934 | (129,422) | 12~274 | 334,301 | ||||
| Other Overseas funds | 130,000 | 306,077 | (336,077) | 100,000 | ||||
| Total Restncted Funds | 446~515 | 441,011 | (46S,499) | 12,274 | 434301 | |||
| Total Funds | 14,844,260 | 6813,979 | (b,439423) | 662241 | 15881,0SZ |
| Restricted Funds |
Designated funds |
General Funds |
f t I 2022 |
|||
|---|---|---|---|---|---|---|
| Tangible | Fixed Assets | 5,518,800 | 33,850 | 5,552,650 | ||
| Fixed Asset Investments | —Managed | 132,860 | 4,150,891 | 2,884,395 | 7,168,146 | |
| Fixed Asset Investments | - Unlisted | 33,627 | 33,627 | |||
| Current | Asset Property | Investments | 37,418 | 37,418 | ||
| Current | Assets | 236,622 | 3,000,055 | 577,908 | 3,814,585 | |
| Current | Liabilities | (470,399) | (470,399) | |||
| Total | 406~900 | 12I669/746 | 3059381 | 16~136I027 | ||
| rior YearAnalysis ofnet assets between Funds | ||||||
| Restricted Funds |
Dear'@noted funds |
General Funds |
Total2021 | |||
| 6 | 6 | |||||
| Tangible | FixedAssets | 5635600 | 44,474 | S,680~074 | ||
| FixedAsset Investments | -Managed | 123,685 | 3867,263 | 2,682,173 | 6,673,121 | |
| FixedAsset Investments | - Unlisted | 33,627 | 33,627 | |||
| Current | Asset Property | Investments | 37,418 | 37,418 | ||
| Current | Assets | 273198 | 2,733,651 | 1,077,512 | 4,084,361 | |
| Current | Liabilities | (627,544) | (62J,544) | |||
| Total | 434r301 | 12r236,$14 | 3,210,242 | 1S,881,052 |