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|Reference and Administrative<br>Details|Reference and Administrative<br>Details|1 to 2|
|---|---|---|
|Trustees'<br>Report||3 to 9|
|Statement ofTrustees'|Responsibilities|10|
|Independent<br>Auditors'|Report|11to 14|
|Statement ofFinancial|Activities|15|
|Balance Sheet||16|
|Statement ofCash Flows||17|
|Notes to the Financial|Statements|18to 31|
|Detailed Statement ofFinancial Activities||32to 34|





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||||and Loss|es)|||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|2022|2021|
|||Note|||||
|Income and Endowments||from:|||||
|Donations<br>and legacies|||1,700,544|28,459|1,729,003|1,549,694|
|Charitable<br>activities|||317,173||317,173|105,490|
|Investment<br>income|||6,148||6,148|1,040|
|Total Income|||2,023,865|28,459|2,052,324|1,656,224|
|Expenditure<br>on:|||||||
|Charitable<br>activities|||1,900,387|17,325|1,917,712|1,366,342|
|Total Expenditure|||1,900,387|17,325|1,917,712|1,366,342|
|Net income|||123,478|11,134|134,612|289,882|
|Net movement<br>in funds|||123,478|11,134|134,612|289,882|
|Reconciliation<br>offunds|||||||
|Total funds brought|forward||5,231,908|78,582|5,310,490|5,020,608|
|Total funds carried|forward|20|5,355,386|89,716|5,445, 102|5,310,490|





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||||Balance Sheet as at 31|December 2|022||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||Note|||
|Fixed assets|||||||
|Tangible assets||||13|3,656,825|3,670,816|
|Current<br>assets|||||||
|Stocks||||14|53,574|45,404|
|Debtors||||15|167,732|260,588|
|Cash at bank||and in hand|||1,787,223|1,394,730|
||||||2,008,529|1,700,722|
|Creditors:|Antounts||falling due &vithin one year|46|~220i252|(6t,040)|
|Net current||assets|||1,788,277|1,639,674|
|Net assets|||||5,445, 102|5,310,490|
|Funds ofthe||charity:|||||
|Restricted|funds||||89,716|78,582|
|Unrestricted||income|funds||||
|Unrestricted||funds|||5,355,386|5,231,908|
|Total funds||||20|5,445,102|5,310,490|





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|Statement o|fCash Flo|ws for the Y|ear Ended 31D|ecember 2022||
|---|---|---|---|---|---|
|||||2022|2021|
||||Note|||
|Cash flows from operating<br>activities||||||
|Net cash income||||134,612|289,882|
|Adjustments<br>to cash flows from non-cash||items||||
|Depreciation||||13,991|15,377|
|Investment<br>income||||(6,148)|(1,040)|
|||||142,455|304,219|
|Working<br>capital adjustments||||||
|(Increase)/decrease<br>in stocks||||(8,170)|(1,865)|
|(Increase)/decrease<br>in debtors||||92,856|(86,674)|
|Increase/(decrease)<br>in creditors||||159,204|24,474|
|Net cash flows from operating|activities|||386,345|240,154|
|Cash flows from investing<br>activities||||||
|Interest receivable<br>and similar|income|||6,148|1,040|
|Net increase in cash and cash equivalents||||392,493|241,194|
|Cash and cash equivalents<br>at I|January|||1,394,730|1,153,536|
|Cash and cash equivalents<br>at 31December||||1,787,223|1,394,730|





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|residual<br>value, ove|r their expected useful economic|life as follows:|||
|---|---|---|---|---|
|Asset class||Depreciation|method|and rate|
|Land and buildings||In accordance|with the|propetty|
|Motor vehicles||25%on cost|||
|Furniture,<br>fittings|and equipment|At varying<br>rates on cost|||



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|Income|f|rom charitable<br>activities||||
|---|---|---|---|---|---|
||||Unrestricted|||
||||funds|||
|||||Total|Total|
||||General|2022|2021|
|Coups and conferences<br>Missions<br>and honorarium|||230,359<br>32,453|230,359<br>32,453|49,490<br>19,719|
|Book sales<br>Education||and training|54,331<br>30|54,331<br>30|36,061<br>220|
||||317,173|317,173|105,490|



|5<br>Investment<br>inc|ome|||||
|---|---|---|---|---|---|
||||Unrestricted|||
||||funds|||
|||||Total|Total|
||||General|2022|2021|
|Interest receivable<br>and sunilar<br>Interest receivable on bank||income;<br> deposits|6,148|6,148|1,040|



## 

|6<br>Expenditure<br>on|charitable<br>activities|||||
|---|---|---|---|---|---|
||Unrestricted|funds|Restricted|Total|Total|
||Designated|General|funds|2022|2021|
|Missions<br>and<br>honorariuln|11,340|1,758,355||1,769,695|1,284,872|
|Camps and<br>conferences|513|79,470||79,983|19,184|
|Book sales|291|45,230||45,521|37,755|
|Education<br>and<br>training|144|5,044|17,325|22,513|24,532|
||12288|1 888099|17,325|1,917,712|1,366,343|





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||Activity<br>undertaken<br>directly|Grant funding<br>ofactivity|Activity<br>suppor t costs|Total<br>2022|Total<br>2021|
|---|---|---|---|---|---|
|Camps<br>and<br>conferences|61,551||18,432|79,983|19,184|
|Missions<br>and<br>honorarium<br>Booksales|1,361,865<br>35,031||407,830<br>10,490|1,769,695<br>45,521|1,284,872<br>37,755|
|Education<br>and<br>training|9,325|8,000|5,188|22,513|24,532|
||1,467,772|8,000|441,940|1,917,712|1,366,343|





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|Governance|and suppo|rt costs alloca|ted to charit|able<br>activiti|es||||
|---|---|---|---|---|---|---|---|---|
|||||||Premises|||
|||||||costs|||
|||Governance<br>costs|Finance<br>costs|Staff<br>costs|Admin<br>costs|including<br>depreciation|Total<br>2022|Total<br>2021|
|Missions<br>and<br>honorariuin||9,733|(96,656)|154,926|164,978|174,849|407,830|254,897|
|Camps<br>and<br>conferences<br>Book sales<br>Education<br>and training||440<br>250<br>124|(4,368)<br>(2,486)<br>(1,230)|7,002<br>3,985<br>1,971|7,456<br>4,244<br>2,099|7,902<br>4,497<br>2,224|18,432<br>10,490<br>5,188|3,804<br>7,490<br>4,868|
||||||||441,940|271,059|



|Governance<br>and suppo|rt<br>c|osts per fun|d||||
|---|---|---|---|---|---|---|
||||Unrestricted|funds|||
||||||Total|Total|
||||Designated|General|2022|2021|
|Staff costs<br>Wages and salaries<br>Social security<br>costs<br>Pension costs<br>Other staff costs||||127,059<br>10,925<br>8,818<br>21,082|127,059<br>10,925<br>8,818<br>21,082|93,848<br>6,447<br>7,269<br>4,845|
|Audit fees<br>Audit ofthe financial<br>Legal and professional|statements<br>fees|||7,776<br>2,771|7,776<br>2,771|7,560<br>1,213|
|Depreciation,<br>amoitisation<br>and other<br>similar costs<br>Other governance<br>and support costs|||12,288|1,703<br>249,518|13,991<br>249,518|15,377<br>134,500|
||||12,288|429,652|441,940|271,059|



|2022||2021||
|---|---|---|---|
|13|991|15|377|





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|10 Staff costs|||
|---|---|---|
|The aggregate<br>payroll costs were as follows:|||
||2022|2021|
|Staff costs during<br>the year were:<br>Wages and salaries<br>Social security costs<br>Pension costs|940,644<br>91,897<br>80,636|718,980<br>62,510<br>63,274|
||1 113 177|844,764|



|2022||2021||
|---|---|---|---|
|No||No||
||54||42|



## 

|11 Auditors'|remuneration|remuneration|||
|---|---|---|---|---|
||||2022|2021|
||||7 776|7 560|
|Audit ofthe|financial|statements|||
|12 Taxation|||||





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|13 Tangible fixed assets|||||
|---|---|---|---|---|
||Land and|Furniture<br>and|Motor||
||buildings|equipment|vehicles|Total|
|Cost<br>At 1 January 2022|3,790,656|50,354|15,566|3,856,576|
|At 31December 2022|3,790,656|50,354|15,566|3,856,576|
|Depreciation<br>At 1 January 2022<br>Charge for the year|122,879<br>12,288|48,815<br>803|14,066<br>900|185,760<br>13,991|
|At 31 December 2022|135,167|49,618|14,966|199,751|
|Net book value|||||
|At 31 December 2022|3 655489|736|600|3,656,825|
|At 31December 2021|3,667,777|1,539|1,500|3,670,816|



|14 Stock|||
|---|---|---|
||2022|2021|
|Stocks|53,574|45,404|
|15 Debtors|||
||2022|2021|
|Trade debtors||51,744|
|Prepayments<br>Other debtors|29,248<br>138,484|18,289<br>190,555|
||167732|260 588|





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|16 Creditors: amounts<br>falling due within<br>one year|||
|---|---|---|
||2022|2021|
|Trade creditors<br>Other taxation and social security<br>Other creditors<br>Accruals|10,609<br>21,168<br>160,393<br>28,082|11,937<br>17,266<br>5,761<br>26,084|
||220,252|61,048|



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|Operating|lease commitments|lease commitments|||||
|---|---|---|---|---|---|---|
|Total future|minimum|lease payments|under non-cancellable|operating|leases are as follows:||
||||||2022|2021|
|Land and|buildings||||64,002|74,327|
|Within one|year||||||



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|20 Funds|||||||
|---|---|---|---|---|---|---|
|||||||Balance at 31|
||||Balance at 1<br>January 2022|Inconnng<br>resources|Resources<br>expended|December<br>2022|
|Unrestricted|funds||||||
|General<br>General fund|||1,564,131|2,023,865|(1,888,099)|1,699,897|
|Designated<br>Designated|fund||3,667,777||(12,288)|3,655,489|
|Total Unrestricted||funds|5,231,908|2,023,865|(1,900,387)|5,355,386|
|Restricted<br>funds<br>Restricted fund|||78,582|28,459|(17,325)|89,716|
|Total funds|||5,310,490||||
|||||||Balance at 31|
||||Balance at 1<br>January 2021|Incoming<br>resources|Resources<br>expended|December<br>2021|
|Unrestricted|funds||||||
|General<br>General<br>fund|||1,257,451|1,641,070|(1,334,390)|1,564,131|
|Designated<br>Designated|fund||3 680 065||(12,288)|3,667,777|
|Total unrestricted||funds|4,937,516|1,641,070|(1,346,678)|5,231,908|
|Restricted funds<br>Restricted fund|||83,092|15,154|(19,664)|78,582|
|Total funds|||5 020 608|1,656,224|||





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|||Unrestricted|funds|||
|---|---|---|---|---|---|
|||||Restricted||
|||General|Designated|funds|Total funds|
|Tangible <br>Current<br>Current|fixed assets<br>assets<br>liabilities|1,336<br>1,918,813<br>(220,252)|3,655,489|89,716|3,656,825<br>2,008,529<br>(220,252)|
|Total net assets||1,699,897|3,655,489|89 716|5 445 102|
|||Unrestricted|funds|||
||||||Total funds at|
|||||Restricted|31December|
|||General|Designated|funds|2021|
|Tangible <br>Current <br>Current|fixed assets<br> assets<br>liabilities|3,039<br>1,622, 140<br>(61,048)|3,667,777|78,582|3,670,816<br>1,700,722<br>(61,048)|
|Total net assets||1,564,131|3,667,777|78 582|5310490|





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||||2022||2022||
|---|---|---|---|---|---|---|
||||Unrestricted||||
||||funds||||
|||||Restricted||Total|
||||General|funds|Total|2021|
|Donations||and legacies|||||
|Legacies <br>Appeals<br>Appeals|and bequests<br>and donations<br>and donations||1,700,544|28,459|28,459<br>1 700 544|122,255<br>15,154<br>1,412,285|
||||1,700,544|28,459|1,729,003|1,549,694|



|||||2022|2022||||
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|||||
|||||funds|||||
||||||||Total||
|||||General|Total||2021||
|Charitable|||activities||||||
|Booksales||||54,331|54,331||36,061||
|Camps<br>and conferences<br>Education<br>and training<br>Missions<br>and honorarium||||230,359<br>30<br>32,453|230,359<br>30<br>32,453||49,490<br>220<br>19,719||
|||||317 173|317|173|103|490|
|||||2022|2022||||
|||||Unrestricted|||||
|||||funds|||||
||||||||Total||
|||||General|Total||2021||
|Investment|||income||||||
|Interest|on||cash deposits|6,148|6,148||1,040||
|||||6 148|6,148||1,040||





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|Detailed State|ment of Financia|l Activities f|or the Year End|ed 31Decembe|r 2022|
|---|---|---|---|---|---|
|||2022||2022||
||Unrestricted|funds||||
||||Restricted||Total|
||Designated|General|funds|Total|2021|
|Charitable<br>activities||||||
|Wages and salaries<br>(missionary)||813,585||813,585|625,132|
|StaffNIC||||||
|(missionary)||80,972||80,972|56,063|
|Missionai3<br>staff||||||
|pensions<br>(defined<br>contribution)||71,818||71,818|56,005|
|Other missionary<br>staff costs||82,984||82,984|65,462|
|Book purchases||35,030||35,030|30,265|
|Tl'aliilng<br>and<br>scholarship<br>fees|||17,325|17,325|19,664|
|Catering||2,025||2,025|967|
|Work and travel||||||
|expenses<br>(missionaiy)||55,790||55,790|16,395|
|Staff housing||||||
|allowance<br>and||||||
|accommodation||224,775||224,775|184,237|
|Conferences||59,525||59,525|14,413|
|Publications<br>and||||||
|magazines||6,953||6,953|4,208|
|Overseas boaid-<br>Hong Kong||24,990||24,990|22,472|
|Wages and salaries<br>(support staff)||127,059||127,059|93,848|
|StaffNIC (support<br>stag||10,925||10,925|6,447|
|Support staff||||||
|pensions<br>(defined<br>contribution)||8,818||8,818|7,269|
|Other support staff<br>costs||21,082||21,082|4,845|
|HQ establishment<br>costs||175,481||175,481|80,939|
|Office expenses||42,877||42,877|30,341|
|Other costs||126,662||126,662|18,533|
|Travel expenses<br>(support staff)||9,238||9,238|3,504|
|The audit ofthe||||||
|charity's<br>annual<br>accounts||7,776||7,776|7,560|





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||||2022||2022||
|---|---|---|---|---|---|---|
|||Unrestricted|funds||||
|||||Restricted||Total|
|||Designated|General|funds|Total|2021|
|Legal and<br>professional|fees||2,771||2,771|1,213|
|Foreign cunency<br>(gains)/losses|||(104,740)||(104,740)|1,183|
|Depreciation of<br>tangible fixed assets||12,288|||12,288|12,288|
|Depreciation of<br>tangible fixed assets|||1,703||1,703|3,089|
|||12,288|1,888,099|17,325|1,917,712|1,366,342|