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|||Page|
|---|---|---|
|Officers and professional
advisers|||
|Report ofthe Board of|Trustees||
|Independent
Auditor's|report to the Board ofTrustees|12|
|Statement
offinancial|activities|15|
|Income and expenditure
account||17|
|Balance sheet||18|
|Statement
ofcashflows||19|
|Notes to the financial statements||20|
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||Note|2021
Unrestricted
funds|2021
Restricted
funds|2021
Endowment
funds|**2021** **T** %1
otal
funds|
|---|---|---|---|---|---|
|Income and endowments||||||
|from||||||
|Donations and legacies||||||
|Membership
subscriptions||531,984|||531,984|
|Donations,
gifts and legacies|2|595,163|116,413||711,576|
|Investments||||||
|Rental Income||40,897|||40,897|
|Bank interest receivable||47|||47|
|Charitable
activities||45,715|2,858||48,573|
|Total income and||||||
|endowments||1213806|119271||1333077|
|EXPENDITURE ON||||||
|Raising funds||56,650|1,754||58,404|
|Charitable
activities||984,752|116,405||1,101,157|
|Total expenditure||1041402|118159||1 159561|
|NET INCOME:||172,404|1,112||173,516|
|Transfers
between
funds|12|||||
|NET MOVEMENT IN FUNDS||172,404|1,112||173,516|
|Reconciliation
offunds||||||
|Balances brought forward at||||||
|13anuary||2 209 119|114848|28918|2 352 885|
|Balances carried forward at31||||||
|December||2 381523|115960|28 918|2 526401|
|The notes on pages 20 Io33form part||ofthese financial|statements.|||
##
||||2020||2020|2020|2020|
|---|---|---|---|---|---|---|---|
||||Unrestricted||Restricted|Endowment|Total|
|||Note|funds||funds|funds|funds|
||||E||E||E|
|Income and endowments||||||||
|from||||||||
|Donations and legacies||||||||
|Membership
subscriptions|||537,783||||537,783|
|Donations,
gifts and||||||||
|legacies||2|659,612||146,152||805,764|
|Other trading activities||||||||
|Rental Income|||43,106||||43,106|
|Investments||||||||
|Bank interest receivable||||224|||224|
|Charitable
activities|||1,566||47,618||49,184|
|Total income and||||||||
|endowments|||1242|291|193770||1436061|
|EXPENDITURE ON||||||||
|Raising funds||4|56,786||4I718||61,504|
|Charitable
activities||4|982,583||174,426||1,157,009|
|Total expenditure|||1039|369|179144||1218513|
|NET INCOME /||||||||
|(EXPENDITURE):|||202,922||14,626||217,548|
|Transfers
between|funds|12|5|866|5 866|||
|NET MOVEMENT IN FUNDS|||208,788||8,760||217,548|
|Reconciliation offunds||||||||
|Balances brought
forward at 1||||||||
|January|||2000|331|106088|28918|2 135337|
|Balances carried forward at 31||||||||
|December|||2209|119|114848|28918|2 352 885|
##
||||Note|2021|2020|
|---|---|---|---|---|---|
|||||E|E|
|Gross income||||1,333,077|1,436,061|
|Expenditure||||1,159,561|1,218,513|
|Net income|for the year|||173516|217548|
|STATEMENT|OF COMPREHENSIVE|INCOME||||
|Net income|for the year|||173,516|217,548|
|Endowment|fund receipt|||||
|Total gains|and losses in the year|||173516|217548|
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||Note|Note|||2021|||2020|
|---|---|---|---|---|---|---|---|---|
|HXED ASSETS|||||||||
|Tangible fixed assets|||||1,392,258|||1,385,190|
|Investment
fixed asset|||||91D ODD|||91D ODO|
||||||2,302,258|||2,295,190|
|CURRENT ASSETS|||||||||
|Stock|||44,324|||39,278|||
|Debtors|||85,326|||102,162|||
|Cash at bank|||560|467||4D5 381|||
||||690,117|||546,821|||
|CURRENT LIABILITIES|||||||||
|Amounts
falling due within|one year||||||||
|Mortgage
Other creditors|ID|(14,995)
~363973
~178968|||(14,553)
~147486
~362D39||||
|NET CURRENT ASSETS|||||511149|||384 782|
|Total assets less current liabilities|||||2813,407|||2,679,972|
|LONG TERM L2ABILITIE:|||||||||
|Amounts
falling due after one year|||||||||
|Mortgage
Other creditors|||(287,006)|||(302,087)
~25 IIDO|||
||||||(287,006)|||(327,087)|
|TOTAL ASSETS LESSLIABILITIES|||||2 526401|||2 352 885|
|FUNDS|||||||||
|Unrestricted
funds|||||||||
|General Funds|12||||428,013|||322,290|
|Designated
Funds|12||||I 953 51D|||I 886 829|
||||||2,381,523|||2,209,119|
|Restricted funds|12||||115,960|||114,848|
|Endowment
funds|12||||28,918|||28,918|
||||||2 526 4III|||2 352885|
|The financial
statements|have been prepared|in accordance||with the special provisions|||relating|Io small|
|companies
within Part 15ofthe Companies||Acl 2006.|||||||
|Approved
and authorised|by the Board ofTrustees on||153une 2022 and signed|||on their behalf by:|||
|Dr Evan McRorie||Howar|||||||
|Chair||T
surer|||||||
##
|OR THE YEAR ENDED 31||DECEM|BER 2|021||||
|---|---|---|---|---|---|---|---|
|||||Note|2021||2020|
|Cash provided
by operating||activities|||||247,605|
|Cash flows from investing||activities||||||
|Interest income|||||47||224|
|Purchase of tangible|fixed assets|||(36,217)|||(6,826)|
|Cash provided
by investing||activities|||36170||6602|
|Cash flows to Ifrom financing||||||||
|activities||||||||
|Mortgage
repayment||||(14,639)|||(14,184)|
|Loans (repaid) I received||||(25,000)|||(10,000)|
|Cash used in financing
activities|||||39,639||24 184|
|(Decrease) lincrease
in cash and|||cash|||||
|equivalents
in the year|||||155,086||216819|
|Cash and cash equivalents|at the|||||||
|beginning
ofthe year||||405,381|||188,562|
|Total cash and cash equivalents|||at the|||||
|end ofthe year|||||560,467||405,381|
|Analysis ofchanges
in net||debt||||||
|||||1Jan||noncash|31 Dec|
|||||2021|Cashflows|changes|2021|
||||||6||6|
|Cash||||405,381|155,086||560,467|
|Mortgage
due within one|year|||(14,553)|14,639|(15,081)|(14,995)|
|Mortgage
due in more than||one||||||
|year||||(302,087)||15,081|(287,006)|
|Loans||||25,000|||25,000|
|Total||||63,741|169,725||233,466|
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|DONATIONS, GIF|TS AND LEGAC|TS AND LEGAC|IES|||||||
|---|---|---|---|---|---|---|---|---|---|
||Unrestricted
funds 2021||Restricted|Total|Unrestricted
f
it
2Q2Q
un s|||Restricted
funds
2020|Total
2020|
|General donations||240,610||240,610|||305,373||305,373|
|Appeals||119,392|5,000|124,392|||165,734||165,734|
|Gift aid||153,982|8,517|162,499|||171,107|8,782|179,889|
|Ministry donations|||71,577|71,577||||63,579|63,579|
|Grants|||28,819|28,819||||73,791|73,791|
|Legacies||81,179|2.500|83679|||17,398||17398|
|||595,163|116,413|711,576|||659,612|146,152|605,764|
##
##
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|EXPENDITURE||||||
|---|---|---|---|---|---|
|||Direct costs|Support
costs|Total 2021|2020|
|||E|E|E|E|
|Raising Funds||9401|49,003|58,404|61,504|
|Charitable
activities - Grants||||||
|paid|||3,837|3,837|3,819|
|Charitable
activities - Costs||||||
|of activities||||||
|Student
Ministry||94,459|54,235|148,694|204,411|
|Graduate
Ministry||120,234|52,910|173,144|157,837|
|International||||||
|Ministry||123,867|41,879|165,746|184,103|
|Graduate
Nurses|Ministry|59,596|23,438|83,034|77,296|
|Volunteer
ministry||59,664|38,126|97,790|94,483|
|Communications|and Public|||||
|Policy||190,570|55,970|246,540|231,895|
|Membership||||||
|support|||147.675|147,675|169,948|
|||648,390|414,233|1,062,623|1,119973|
|Governance||||||
|costs|||34,697|34,697|33,217|
|Total||657,791|501,770|1,159,561|1,218,513|
|Analysis|ofsupport costs|2021|2020|
|---|---|---|---|
|||E|E|
|Salarties||311,789|323,734|
|Finance||22,580|21,707|
|Mortgage|interest|9,213|9,669|
|IT||38,637|40,794|
|HR||8,178|7,406|
|Premises|and office costs|42,298|59,146|
|Depreciation||29,149|36,814|
|Other support costs||39,926|34,000|
|Total costs ofactivities||501,770|533,270|
##
|4.Analysis ofCharitable
Acti
type|vities
by fund|||||
|---|---|---|---|---|---|
||Unrestricted
funds
F|Restricted
funds
f||Total 2021
E|2020
6|
|Raising Funds|56,650|1,754||58,404|61,504|
|Charitable
activities|951,290|115,170||1,066,460|1,123,792|
|Governance
costs|33462|1,235||34,697|33,217|
||1,041,402|118,159||1,159,561|1,218,513|
|TANGIBLE FIXEDASSETS||||||
|||Freehold
ro e||Other
assets|Total|
|Cost||6||f||
|At 1 January 2021||1,600,625||358,039|1,958,664|
|Additions||27,066||9,151|36,217|
|Disposals||||||
|Reclassification||||||
|At 31 December 2021||1,627691||367190|1994881|
|Depreciation||||||
|At 1 January 2021||246,465||327,009|573,474|
|Charge for the year||18,024||11,125|29,149|
|Depreciation
on disposals||||||
|Reclassification||||||
|At 31 December 2021||264489||338134|602 623|
|Net book value||||||
|At 31 December 2021||1,363,202||29,056|1,392,258|
|At 1 January 2021||1,354,160||31,030|1,385,190|
|All tangible
fixed assets ofthe Charity are used directly||for chaditable|purposes.|||
|FIXEDASSET INVESTMENT||||||
|Freehold
investment
property||||2021
f|2020
f|
|Valuation||||910,000|910,000|
|Accumulated
depreciation||||||
|||||910,000|910,000|
|Revaluation
in year||||||
|at 31December||||910,000|910,000|
##
##
|||||2021|2020|
|---|---|---|---|---|---|
|||||Number|Number|
|Average|number ofpersons|employed|during the year|24|24|
|||||2021
E|2020f|
|Salaries||||661,861|641,429|
|Social security costs||||62,990|59,666|
|Other pension costs||||62,640|89,209|
|||||787,491|790,304|
##
##
##
|NET INCOME|||
|---|---|---|
|This is stated after charging|2021|2020|
|||6|
|Audit fee|4,500|4,200|
|Depreciation|29,149|36,814|
|DEBTORS|||
||2021|2020|
|Gift Aid receivable|41,612|60,540|
|Prepayments|18,628|18,292|
|Other debtors|25,086|23,330|
||85,326|102162|
##
##
|0.|CREDITORS: Amounts|falling due within one year|||
|---|---|---|---|---|
||||2021f|2020|
||Mortgage||14,995|14,553|
||Other creditors||62,446|51,449|
||Accruals||5,566|4,842|
||Holiday pay accrual||48,482|47,550|
||Deferred income||22,479|645|
||Interest Free loans||25,000|43,000|
||||178968|162039|
|11.|CREDITORS: Amounts|falling due after one year|2021f|2020
E|
||Mortgage||287,006|302,087|
||Interest free loans|||25,000|
||||287006|327087|
##
##
##
|MOVEMENT
IN FU|NDS|||||||
|---|---|---|---|---|---|---|---|
|||Balance|||||Balance at|
|||at 1
January|Income|Revaluation|Expenditure|Transfers|31
December|
|||2021|||||2021|
|Unrestricted
Funds||f|f||F|f|f.|
|General Fund||291,049|1,124,764||(1,013,753)|(6,130)|395,930|
|Graduate
regional
funds||31,241|1,254||(412)||32,083|
|Development
Fund|||4,809|||4,809||
|||322,290|1,130,827||(1,014,165)|(10,939)|428,013|
|Designated
Funds||||||||
|Property fund||1,879,520|||(27,237)|93,918|1,946,201|
|Lavinia Croxon Memorial||||||||
|Fund income||7,309|||||7,309|
|Legacies|||81,179|||(81,179)||
|Capital fund (unrestricted)|||1,800|||1,800||
|||1,886,829|82,979||27,237|10,939|1,953,510|
|Total unrestricted
funds||2209119|1 213806||1 041 402||2381 523|
|Restricted Funds||||||||
|Founders'
scholarship||6,711|||||6,711|
|Student international||||||||
|scholarships||5,266|||||5,266|
|Student
Ministries|||20,432||(20,432)|||
|Regional staff workers||13,269|5,851||(3,243)||15,877|
|Project support||62,167|27,406||(33,821)||55,752|
|Saline Solution||7,227|||||7,227|
|Scottish nurses fund||3,831|||||3,831|
|Medical schools||6,770|250||||7,020|
|Graduate
Ministries|||7,743||(7,743)|||
|International
Ministries|||20,127||(20,127)|||
|Graduate
Nurses
Ministry|||15,589||(15,589)|||
|Volunteer
Ministry
Fund|||3,885||(3,885)|||
|Communications
&|Public|||||||
|Policy|||14,075||(14,075)|||
|Conference
room facilities||3,607|1,413||756||5,776|
|.Overseas restricted|funds|6,000|2,500||||8,500|
|Restricted legacy||||||||
|Total restricted funds||114848|119271||118,159||115,960|
|Endowment
Fund||||||||
|Lavinia Croxon Memorial||||||||
|Fund||28,918|||||28,918|
|Total funds||2,352,885|1,333,077||1,159,561||2,526,401|
##
##
|MOVEMENT
IN FU|NDS (Con|tinued)||||||
|---|---|---|---|---|---|---|---|
|||Balance
at1
January
2020|Income|Revaluation|Expenditure|Transfers|Balance at
31
December
2020|
|Unrestricted
Funds||6|6||6|6||
|General
Fund||85,154|1,210,441||(1,021,512)|16,966|291,049|
|Graduate
regional funds||29,920|1,566||(245)||31,241|
|Development
Fund|||10,592|||10,592||
|||115,074|1,222,599||(1,021,757)|6,374|322,290|
|Designated
Funds||||||||
|Property
fund||1,877,948|||(17,612)|19,184|1,879,520|
|Lavinia Croxon Memorial||||||||
|Fund income||7,309|||||7,309|
|Legacies|||17,398|||(17,398)||
|Capital fund (unrestricted)|||2,294|||2,294||
|||1 885257|19692||17612|508|1,886.829|
|Total unrestricted|funds|2,000 331|1 242,291||1 039 369|5866|2,209,119|
|Restricted Funds||||||||
|Founders'
scholarship||6,711|||||6,711|
|Student international||||||||
|scholarships||5,266|||||5,266|
|Student Ministries|||51,963||(51,963)|||
|Regional staff workers||10,597|6,157||(3,485)||13,269|
|Project Support||37,988|73,791||(49,612)||62,167|
|Saline Solution||7,701|||(474)||7,227|
|Scottish nurses fund||3,831|||||3,831|
|Medical schools||7,530|173||(933)||6,770|
|Graduate
Ministries|||18,821||(18,821)|||
|International
Ministries|||18,000||(18,000)|||
|Graduate
Nurses
Ministry|||4,990||(4,990)|||
|Volunteer
ministry
fund|||7,867||(7,867)|||
|Communications
&|Public|||||||
|Policy|||12,008||(12,008)|||
|Conference
room facilities||4,929|||(1,322)||3,607|
|Overseas restricted|fund|6,000|||||6,000|
|Restricted legacy||15,535|||9,669|5,866||
|Total restricted
funds||106,088|193,770||179,144|5,866|114,848|
|Endowment
Fund||||||||
|Lavinia Croxon Memorial||||||||
|Fund||28,918|||||28,918|
|Total funds||2,135,337|1,436,061||1,218,513||2,352,885|
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|||2021|2020|
|---|---|---|---|
||||E|
|Within one year||1,292|3,058|
|After one year but within five years||1,938|3,230|
|||3,230|6,288|
|||2021|2020|
||||6|
|Lease expense|in year|3,058|8722|