|Trustees||John Samuel (Chair)|John Samuel (Chair)|||
|---|---|---|---|---|---|
|||John Taylor||||
|||Paul Chambers||||
|||Ivan Baird||||
|||Philip Long||(Appointed|3March 2022)|
|||Angela Vincent||(APPointed|3March 2022)|
|||Ali Azzopardi||||
|||Gareth Batten||||
|||Tim Totton||||
|||Siobhan Temple||||
|||Chuck Bateman||||
|||Stephen<br>Pryor||||
|Charity number||1134492||||
|Company|number|07118491||||
|Registered|office|Duke Street||||
|||Richmond||||
|||Surrey||||
|||TW9 1DH||||
|Auditor||Jacob Cavenagh|&Skeet|||
|||5 Robin Hood Lane||||
|||Sutton||||
|||Surrey||||
|||SM1 2SW||||
|Bankers||Barclays Bank pic||||





|||Page|
|---|---|---|
|Trustees' report|||
|Independent<br>auditor's|report|6-6|
|Statement offinancial|activities||
|Balance sheet||10|
|Statement<br>ofcash flows|||
|Notes to the financial|statements|12-23|





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|The trustees,<br>who are also the direc<br>the date ofsignature<br>ofthe financial|tors for the purpose ofco<br>statements<br>were:|mpany<br>law, and|
|---|---|---|
|John Samuel (Chair)|||
|John Taylor|||
|Paul Chambers|||
|Ivan Baird|||
|Philip Long|(Appointed|3March 2022)|
|Angela Vincent|(Appointed|3March 2022)|
|David Shafik|(Resigned|19May 2022)|
|Lisa Coleridge|(Resigned|3March 2022)|
|Ali Azzopardi|||
|Gareth Batten|||
|Tim Totton|||
|Siobhan Temple|||
|Chuck Bateman|||
|Stephen<br>Pryor|||





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|||||Unrestricted|Restricted|Total|Unrestdicted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
||||Notes|2022<br>f|2022<br>8|2022<br>6|2021<br>8|2021<br>5|2021<br>6|
|Income from:||||||||||
|Donations<br>and legacies||||481,044|170,844|651,888|515,988|413,300|929,288|
|Charitable<br>activities||||67,782||67,782|54,910||54,910|
|Investments||||27,805|70|27,875|30,990|66|31,056|
|Other income||||1,804||1,804|172||172|
|Total income||||578,435|170,914|749,349|602,060|413,366|1,015,426|
|~E*<br>de||||||||||
|Charitable<br>activities||||||||||
|Ongoing||||645,293|96,795|742,088|545,097|105,004|650,101|
|Loss on property||||||||||
|refurbishment|||||||451,469||451,469|
|Total charitable|expenditure|||645,293|96,795|742,088|996,566|105,004|1,101,570|
|Net gains/(losses)||on||||||||
|investments|||11||||(400,000)||(400,000)|
|Net||||||||||
|(expenditure)/income||||||||||
|before transfers||||(66,858)|74,119|7,261|(794,506)|308,362|(486,144)|
|Gross transfers|between|||||||||
|funds|||23|370,705|(370,705)||566,882|(566,882)||
|Net income/(expenditure)|||for|||||||
|the year/||||||||||
|Net movement|in|funds||303,847|(296,586)|7,261|(227,624)|(258,520)|(486,144)|
|Reconciliation|of|funds||||||||
|Fund balances at 1||||||||||
|January 2022||||6,334,405|298,653|6,633,058|6,562,029|557,173|7,119,202|
|Fund balances|at31|||||||||
|December 2022||||6,638,252|2,067|6,640,319|6,334,405|298,653|6,633,058|





## 

|||||2022||2021||
|---|---|---|---|---|---|---|---|
||||Notes|5||f||
|Fixed assets||||||||
|Tangible assets|||13||5,922,397||4,639,227|
|Investment|properties||14||1,750,000||1,750,000|
||||||7,672,397||6,389,227|
|Current assets||||||||
|Debtors|||15|59,059||65,799||
|Cash at bank and in||hand||113,970||968,303||
|||||173,029||1,032,102||
|Creditors:|amounts|falling due within||||||
|one year|||16|(613,695)||(156,040)||
|Net current|(liabilities)/assets||||(440,666)||876,062|
|Total assets less current liabilities|||||7,231,731||7,265,289|
|Creditors:|amounts|falling due after||||||
|more than|one year||17||(591,412)||(632,231)|
|Net assets|||||6,640,319||6,533,058|
|Income funds||||||||
|Restricted|funds||23||2,067||298,653|
|Unrestricted|funds||||6,638,252||6,334,405|
||||||6,640,319||6,633,058|





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|||||||2022||2021||
|---|---|---|---|---|---|---|---|---|---|
||||||Notes|8||6||
|Cash flows from operating||activities||||||||
|Cash generated<br>from operations|||||||144,676||466,899|
|Investing|activities|||||||||
|Purchase|oftangible fixed assets|||||(1,301,494)||(532,823)||
|Proceeds|from disposal oftangible||fixed|||||||
|assets||||||554||2,115||
|Investment|income received|||||27,875||31,056||
|Net cash|used in investing|activities|||||(1,273,065)||(499,652)|
|Financing|activities|||||||||
|Proceeds|from new bank loans|||||319,472||||
|Repayment|ofbank loans|||||(43,416)||(56,684)||
|Net cash generated<br>from/(used|||in)|||||||
|financing|activities||||||276,056||(56,884)|
|Net decrease in cash and||cash|equivalents||||(852,333)||(89,437)|
|Cash and|cash equivalents|at beginning||ofyear|||966,303||1,055,740|
|Cash and|cash equivalents|at end of||year|||113,970||966,303|





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||2022|2021|
|---|---|---|
||F||
|Book &CD income|29|413|
|Hire ofpremises|38,536|50,397|
|Events|29,217|1,700|
|Rent||2,400|
||67,782|54,910|



## 

|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2022|2022|2022|2021|2021|2021|
|||5|5|6|f|F|F.|
|Rental|income|27,683||27,683|30,977||30,977|
|Interest|receivable|122|70|192|13||79|
|||27,805|70|27,875|30,990|66|31,056|





## 

|||Unrestricted|Missionary|Auditorium|OtherTotal|2022Total|2021|
|---|---|---|---|---|---|---|---|
||||support||restricted|||
|||E|E|E|E|E|E|
|Employee costs||266,002||||266,002|235,126|
|Depreciation|and|||||||
|impairment|||||||451,469|
|Other staff related costs||24,615||||24,615|28,534|
|Direct costs||59,201|||1,544|60,745|23,466|
|||349,818|||1,544|351,362|738,595|
|Grant funding|ofactivities|||||||
|(see note 10)|||57,805||18,766|76,571|99,694|
|Share ofsupport costs||||||||
|(see note 9)||287,507||18,680||306,187|257,719|
|Share ofgovernance||||||||
|costs (see note 9)||7,968||||7,968|5,562|
|||645,293|57,805|18,680|20,310|742,088|1,101,570|
|Analysis<br>by|fund|||||||
|Unrestricted|funds|645,293||||645,293||
|Restricted funds|||57,805|18,680|20,310|96,795||
|||645,293|57,805|18,680|20,310|742,088||



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|8|Employees||(Continued)|
|---|---|---|---|
||Employment<br>costs|2022|2021|
|||5|5|
||Wages and salaries|225,910|198,867|
||Social security costs|17,579|16,398|
||Other pension costs|22,513|19,861|
|||266,002|235,126|



## 

|Support|costs|||||
|---|---|---|---|---|---|
|||Support|Governance|2022|2021|
|||costs|costs|||
|||6|f|||
|Depreciation||154,508||154,508|113,331|
|Admin costs||91,524||91,524|89,379|
|Premises|costs|60,155||60,155|55,009|
|Audit fees|||7,968|7,968|5,562|
|||306,187|7,968|314,155|263,281|
|Analysed|between|||||
|Charitable|activities|306,187|7,968|314,155|263,281|





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|||||||Unrestricted||Missionary|OtherTotal|2022Total|2022Total|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||support|restricted||||
||||||||6|6|6|||8|
|Grants to|institutions:||||||||||||
|Predica Fiel|||||||||8,120|8,120||9,100|
|Overseas|Missionary|||Fellowship||||15,244||15,244||18,652|
|London City||Mission||||||||||6,887|
|Insight||||||||6,000||6,000||6,000|
|UFM||||||||8,658||8,658||21,272|
|Pacific Trust||||||||||||9,768|
|Proclamation||Institute||Zambia||||6,240||6,240||8,000|
|Slovakia Bretheren|||Church|||||8,500|10,646|19,146||8,000|
|Other||||||||||||5,830|
|IFES||||||||10,163||10,163|||
|||||||||54,805|18,766|73,571||93,509|
|Grants to individuals||||||||3,000||3,000||6,185|
|||||||||57,805|18,766|76,571||99,694|
|Net gains/(losses)|||on investments||||||||||
|||||||||||Total|Unrestricted||
|||||||||||||funds|
|||||||||||2022||2021|
|||||||||||6||f|
|Revaluation||ofinvestment|||properties|||||||(400,000)|



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|Tangible fixed assets|Tangible fixed assets|||||
|---|---|---|---|---|---|
||||Freehold land|Fixtures,|Total|
||||&buildings|fittings<br>&||
|||||equipment||
|||||6||
|Cost||||||
|At 1 January|2022||5,476,665|129,642|5,606,307|
|Additions|||1,111,914|325,764|1,437,678|
|Disposals||||(1,570)|(1,570)|
|At 31 December 2022|||6,588,579|453,836|7,042,415|
|Depreciation|and impairment|||||
|At 1 January|2022||881,989|85,091|967,080|
|Depreciation|charged|in the year|119,538|34,970|154,508|
|Eliminated<br>in|respect ofdisposals|||(1,570)|(1,570)|
|At 31 December 2022|||1,001,527|118,491|1,120,018|
|Carrying<br>amount||||||
|At 31 December 2022|||5,587,052|335,345|5,922,397|
|At 31 December 2021|||4,594,676|44,551|4,639,227|



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|15|Debtors|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022|2021|
||Amounts|falling||due||within one year:||5|6|
||Other debtors|||||||42,812|53,620|
||Prepayments||and|accrued income||||16,247|12,179|
|||||||||59,059|65,799|
|16|Creditors:|amounts|||falling due within one year|||||
|||||||||2022|2021|
||||||||Notes|5|5|
||Bank loans||||||18|374,243|57,368|
||Other taxation||and|social security||||5,480|4,690|
||Other creditors|||||||171,015|16,490|
||Accruals and deferred|||||income||62,957|77,492|
|||||||||613,695|156,040|
|17|Creditors:|amounts|||falling due after more than one year|||||
|||||||||2022|2021|
||||||||Notes||f|
||Bank loans||||||18|591,412|632,231|
|18|Loans and|overdrafts||||||||
|||||||||2022|2021|
|||||||||5|5|
||Bank loans|||||||965,655|689,599|
||Payable within||one year|||||374,243|57,368|
||Payable after one|||year||||591,412|632,231|
||Amounts<br>included|||above which fall due after five years:||||||
||Payable<br>by|instalments||||||347,903|391,403|





## 

|19|Analysis of net assets|Analysis of net assets|between<br>funds||||||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||||funds|funds||funds|funds||
||||2022|2022|2022|2021|2021|2021|
||||6|6|6|6|8|6|
||Fund balances at 31||||||||
||December|are|||||||
||represented|by:|||||||
||Tangible assets||5,922,397||5,922,397|4,639,227||4,639,227|
||Investment|properties|1,750,000||1,750,000|1,750,000||1,750,000|
||Current assets/(liabilities)||(442,733)|2,067|(440,666)|577,409|298,653|876,062|
||Long term|liabilities|(591,412)||(591,412)|(632,231)||(632,231)|
||||6,638,252|2,067|6,640,319|6,334,405|298,653|6,633,058|



## 

||2022|2021|
|---|---|---|
||6|6|
|Within one year|27,526|5,858|
|Between two and five years|22,727|14,679|
||50,253|20,337|



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|||2022|2021|
|---|---|---|---|
|||6|F|
|Aggregate|compensation|131,396|116,416|



## 



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## 

||||||Movement|Movement|in funds|||
|---|---|---|---|---|---|---|---|---|---|
|||||Balance at 1|Income|Expenditure||Transfers|Balance at31|
|||||January|||||December|
|||||2022<br>f|f||f|f|2022|
|Missionary|support||||7,238|(57,805)||50,567||
|Fellowship||||2,367|||(300)||2,067|
|Predica Fiel (formerly|||known as|||||||
|Equipo Impacto)||||3,079|1,563||(8,120)|3,478||
|Auditorium|Fund|||293,207|151,749|(18,680)||(426,276)||
|Manna House|||||||(1,244)|1,244||
|Cirkev Bratska|||||10,364|(10,646)||282||
|Other restricted||funds||298,653|163,676|(38,990)||(421,272)|2,067|
|||||298,653|170,914|(96,795)||(370,705)|2,067|
||||||Movement||in funds|||
|||||Balance at 1|Income|Expenditure||Transfers|Balance at 31|
|||||January|||||December|
|||||2021|f||F|f|2021<br>f|
|Missionary|support||||28,548|(96,539)||67,991||
|Fellowship||||2,367|||||2,367|
|Predica Fiel (formerly|||known as|||||||
|Equipo Impacto)||||1,034|2,045||||3,079|
|Auditorium|Fund|||553,772|382,773||(7,991)|(635,347)|293,207|
|Manna House|||||||(424)|424||
|Christmas|||||||(50)|50||
|Other restricted||funds||557,173|384,818||(8,465)|(634,873)|298,653|
|||||557,173|413,366|(105,004)||(566,882)|298,653|





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||Transfers<br>were made|from the|general|fund to cover|fund to cover|the expenditure|when|it was|in excess of|the balance<br>in|
|---|---|---|---|---|---|---|---|---|---|---|
||the fund.||||||||||
|24|Cash generated<br>from|operations|||||||2022|2021|
||||||||||6|6|
||Surplus/(deficit)<br>for the|year|||||||7„261|(486,144)|
||Adjustments<br>for:||||||||||
||Investment<br>income recognised||in statement||offinancial|activities|||(27,875)|(31,056)|
||Gain on disposal oftangible fixed assets||||||||(554)|(1,213)|
||Fair value gains and losses on||investment||properties|||||400,000|
||Depreciation<br>and impairment<br>oftangible|||fixed assets|||||154,508|566,013|
||Movements<br>in working|capital:|||||||||
||Decrease<br>in debtors||||||||6,740|28,480|
||Increase/(decrease)<br>in|creditors|||||||4,596|(9,181)|
||Cash generated<br>from|operations|||||||144,676|466,699|
|25|Analysis ofchanges|in net debt|||||||||
|||||||At|1 January||Cash flows|At 31 December|
|||||||||2022||2022|
|||||||||6|6|6|
||Cash at bank and in hand||||||966,303||(852,333)|113,970|
||I oans falling due within|one year|||||(57,368)||(316,875)|(374,243)|
||Loans falling due after|more than one year|||||(632,231)||40,819|(591,412)|
||||||||276,704||(1,128,389)|(851,685)|