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2020-12-31-accounts
| Objectives and Activities |
2 |
| Achievements and Performance |
3 |
| Financial review |
7 |
| Plans for future periods |
8 |
| Structure, governance and management |
9 |
| Reference and administrative details |
9 |
| Statement o f Trustees' Responsibilities |
9 |
| Auditor's Report |
|
| Auditor's Report |
11 |
| Annual Accounts |
|
| Statement o f Financial Activities |
14 |
| Balance Sheet |
15 |
| Cashflow Statement |
16 |
| Notes to the Accounts |
17−21 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
Notes |
funds |
funds |
2020 |
2019 |
| INCOME FROM: |
|
|
|
|
|
| Donations and Legacies |
2 |
1,639,985 |
85,638 |
1,725,623 |
1,919,070 |
| Tax recoverable |
|
118,039 |
10,103 |
128,142 |
169,889 |
| Charitable activities |
|
|
|
|
|
| Sales o f books and DVD's |
|
20,977 |
|
20,977 |
30,006 |
| Event Booking |
|
7,226 |
|
7,226 |
50,384 |
| Investments |
|
|
|
|
|
| Bank interest received |
|
56 |
|
56 |
335 |
| Other Income |
|
5,754 |
|
5,754 |
626 |
| Total |
|
1,792,037 |
95,741 |
1,887,778 |
2,170,310 |
| EXPENDITURE ON: |
|
|
|
|
|
| Raising funds |
|
|
|
|
|
| Newsletter |
|
127,594 |
|
127,594 |
119,802 |
| Advertising, promotion and publicity |
|
50,311 |
|
50,311 |
41,387 |
|
|
177,905 |
|
177,905 |
161,189 |
| Charitable activities |
|
|
|
|
|
| Public Events |
4 |
1,111,147 |
74,170 |
1,185,317 |
1,472,022 |
| Gifts/Aid |
5 |
13,064 |
− |
13,064 |
27,256 |
| Television and Audio/Visual |
6 |
179,603 |
|
179,603 |
223,854 |
| Prophetic Vision magazine and teaching |
|
258,173 |
1,270 |
259,443 |
267,732 |
| Royalties |
|
13,593 |
|
13,593 |
18,395 |
|
|
1,575,580 |
75,440 |
1,651,020 |
2,009,259 |
| Total |
7 |
1,753,485 |
75,440 |
1,828,925 |
2,170,448 |
| Net income/(expenditure) |
|
38,552 |
20,301 |
58,853 |
(138) |
| Other Recognised gains |
|
|
|
|
|
| Revaluation o f Property |
|
|
|
|
|
| Currency Fluctuation gain/(loss) |
|
674 |
|
674 |
(7,291) |
|
|
674 |
|
674 |
(7,291) |
| NET MOVEMENTS IN FUNDS |
|
39,226 |
20,301 |
59,527 |
(7,429) |
| Total funds brought forward at 1st January |
|
651,400 |
0 |
651,400 |
658,829 |
| Total funds carried forward at 31st December |
|
690,626 |
20,301 |
710,927 |
651,400 |
|
Notes |
2020 |
2020 |
2019 |
2019 |
| Fixed Assets |
|
|
|
|
|
| Tangible Assets |
8 |
|
374,792 |
|
392,931 |
| Current Assets |
|
|
|
|
|
| Stock |
|
1,120 |
|
1,153 |
|
| Debtors falling due within one year |
9 |
10,441 |
|
142,373 |
|
| Cash at bank and in hand |
|
350,242 |
|
137,247 |
|
|
|
361,803 |
|
280,773 |
|
| Current Liabilities |
|
|
|
|
|
| Creditors: falling due within one year |
10 |
25,668 |
|
22,304 |
|
| Net Current Assets |
|
|
336,135 |
|
258,469 |
| NET ASSETS |
|
|
710,927 |
|
651,400 |
| Represented by: |
|
|
|
|
|
| Income Funds |
|
|
|
|
|
| Restricted funds |
11 |
|
20,301 |
|
|
| Unrestricted funds |
|
|
690,626 |
|
651,400 |
| TOTAL FUNDS |
12 |
|
710,927 |
|
651,400 |
|
2020 |
2019 |
| Cash flows from operating activities |
|
|
| Net movements in funds |
59,527 |
(7,429) |
| Depreciation |
18,139 |
17,014 |
| Revaluation |
|
|
| (Increase)/Decrease in stocks |
33 |
241 |
| (Increase)/Decrease in debtors |
131,932 |
(24,997) |
| Increase/(Decrease) in creditors |
3,364 |
(3,399) |
|
212,995 |
(18,570) |
| Capital expenditure |
|
|
| Purchase o f tangible assets |
|
|
| Cash flows from financing activities |
|
|
| Cash inflows from new borrowing |
|
|
| Cash at bank and in hand 31 December 2019 |
137,247 |
155,817 |
| Cash at bank and in hand 31 December 2020 |
350,242 |
137,247 |
| Audio/visual equipment |
5 years |
| Computer hardware |
4 years |
| Computer software |
2 years |
| Fixtures & Fittings |
8 years |
| Office equipment |
4 years |
| Sound equipment |
4 years |
| Norway |
1,309 |
| Switzerland |
33,873 |
| UK and other overseas |
1,553,182 |
| Legacies |
137,259 |
|
1,725,623 |
| PUBLIC EVENTS |
**−Direct ** |
costs |
− |
Support costs |
|
|
Unrestricted |
Restricted |
|
Support |
Total |
|
funds |
|
funds |
Costs |
2020 |
|
|
|
£ |
£ |
|
| Poland |
563,781 |
|
9,435 |
40,469 |
613,685 |
| Ukraine |
414,644 |
|
450 |
32,000 |
447,094 |
| Israel |
|
|
8,487 |
− |
8,487 |
| Other Public Events |
75,483 |
|
15,331 |
6,173 |
96,987 |
| UK including Prayer days |
19,054 |
|
10 |
− |
19,064 |
| Restricted funds useable in evangelism |
(40,457) |
|
40,457 |
|
|
|
1,032,505 |
|
74,170 |
78,642 |
1,185,317 |
|
|
|
|
| GIFTS/AID |
Unrestricted |
Restricted |
Total |
|
funds |
funds |
2020 |
| Ukraine |
6,753 |
|
6,753 |
| Russia |
|
|
|
| UK (including gifts to overseas visitors) |
6,311 |
|
6,311 |
|
13,064 |
|
13,064 |
| 7 |
TOTAL RESOURCES EXPENDED |
Staff |
Other |
Depre− |
Total |
|
|
costs |
costs |
ciation |
2020 |
|
|
£ |
£ |
£ |
|
|
Public Events |
160,546 |
1,022,101 |
2,670 |
1,185,317 |
|
Gifts/Aid |
|
13,064 |
|
13,064 |
|
Television and Audio/Visual |
46,383 |
120,471 |
12,749 |
179,603 |
|
Prophetic Vision magazine and teaching |
26,018 |
232,267 |
1,158 |
259,443 |
|
Newsletter |
23,774 |
103,039 |
781 |
127,594 |
|
Advertising, promotion and publicity |
17,158 |
32,372 |
781 |
50,311 |
|
Royalties |
− |
13,593 |
− |
13,593 |
|
|
273,879 |
1,536,907 |
18,139 |
1,828,925 |
| Support cost |
Newsletter |
Promotion |
Public |
Audio |
Prophetic |
Basis o |
|
|
|
Events |
Visual |
Vision |
Allocation |
| Governance |
1,056 |
754 |
9,958 |
2,263 |
1,056 |
Time |
| Office Administration |
1,160 |
1,160 |
6,960 |
2,320 |
2,320 |
Floor Area |
| Salaries |
23,774 |
15,383 |
41,954 |
27,969 |
23,774 |
Time |
| Communication |
2,138 |
10,428 |
3,953 |
8,614 |
2,138 |
Usage |
| Office maintenance |
1,625 |
1,625 |
9,747 |
3,249 |
3,249 |
Floor Area |
| Interest and Bank Charges |
|
|
6,070 |
2,023 |
2,023 |
Usage |
|
29,753 |
29,350 |
78,642 |
46,438 |
34,560 |
|
|
2020 |
2019 |
| Trustee expenses |
1,072 |
2,381 |
| Legal & Professional |
1,804 |
1,431 |
| Staff costs |
5,220 |
5,198 |
| Audit |
6,992 |
5,592 |
|
15,088 |
14,602 |
|
2020 |
2019 |
| Wages and Salaries |
133,569 |
129,684 |
| Employers NIC costs |
7,794 |
5,687 |
| Overseas representatives |
132,518 |
120,734 |
|
273,881 |
256,105 |
|
N |
o. of employees working in: − |
|
|
|
Generating Funds |
Direct Charitable |
Governance |
Total |
|
|
|
|
2019 |
| Employees: |
1.8 |
5.0 |
0.2 |
7 |
| No. o f employees |
earning over £60,000 p.a. excl. pension contributions: |
|
|
|
| TS |
ixtures, Fittings |
ixtures, Fittings |
Freehold |
Total |
|
& |
Equipment |
Property |
|
| Cost |
|
|
|
|
| At 1st January 2020 |
|
42,436 |
572,707 |
615,143 |
| Additions |
|
|
|
|
| (Disposals) |
|
|
_ |
|
| At 31st December 2020 |
|
42,436 |
_
572,707 |
615,143 |
| Accumulated depreciation |
|
|
|
|
| At 1st January 2020 |
|
40,419 |
181,793 |
222,212 |
| Charge for year |
|
2,015 |
16,124 |
18,139 |
| (Disposals) |
|
|
|
|
| At 31st December 2020 |
|
42,434 |
197,917 |
240,351 |
| Net book values |
|
|
|
|
| At 31st December 2020 |
|
2 |
374,790 |
374,792 |
|
2020 |
2019 |
| Public Events Prepayments |
|
130,407 |
| Prepayments |
3,674 |
3,810 |
| Other debtors |
6,767 |
8,156 |
|
10,441 |
142,373 |
|
2020 |
2019 |
| Falling due within one year: |
£ |
£ |
| Accruals |
7,559 |
5,862 |
| Trade creditors |
15,370 |
14,119 |
| Taxation and social security |
2,739 |
2,323 |
| Loans repayable within 1 year |
− |
− |
|
25,668 |
22,304 |
|
Income |
Expenditure |
Balance |
Balance |
|
|
|
1st Jan |
31st Dec |
|
|
|
2020 |
2020 |
| Israel |
28,788 |
8,487 |
|
20,301 |
| Other Public Events |
66,953 |
66,953 |
|
|
| Prophetic Vision |
1,270 |
1,270 |
|
|
|
95,741 |
75,440 |
|
20,301 |
| DS |
Tangible |
Net |
Total at |
|
Fixed |
Current |
31st Dec |
|
Assets |
Assets |
2020 |
| •Other restricted funds |
|
20,301 |
20,301 |
| Unrestricted funds |
374,792 |
315,834 |
690,626 |
|
374,792 |
336,135 |
710,927 |