2021-03-31-accounts

		Pape
Report ofthe Trustees	1	to	10
Report ofthe Independent Auditors	11	to	14
Consolidated Statement ofFinancial Activities		15
Consolidated Statement ofFinancial Position		16
Charity Statement ofFinancial Position		17
Consolidated Statement ofCash Flows		18
Notes to the Consolidated Statement ofCash Flows		19
Notes to the Financial Statements	20	to	37

					2021	2020
			Unrestricted	Restricted	Total	Total
		Notes	funds E	funds I	fundsI	funds 6
INCOME AND ENDOWMENTS	FROM
Donations and legacies		2	2,690,018	196,911	2,886,929	2,845,299
Charitable activities		4
Direct Charitable Events and ministry Transfer from old charity			22,138 881		22,138 881	119,181 2,321,849
Investment income Other income			4,746		4,746	1,408 ~72 331
Total			2,717,783	196,911	2,914,694	5,360,068
EXPENDITURE ON
Charitable activities
Direct Charitable			1,724,463	133,687	1,858,150	1,620,689
Grants Payable Events and ministry Redevelopment			326,482 144,690 6,106	10,640 11,973	337,122 156,663 6,106	346,254 392,622
Total			2,201,741	156,300	2,358,041	2(359,565
NET INCOME			516,042	40,611	556,653	3,000,503
Transfers between funds		19	~1231989	~1231989)
Other recognised gains/(losses) Actuadial gains on defined benefit schemes			~15000		~15000
Net movement in funds			1,763,031	(1,191,378)	571,653	3,000,503
RECONCILIATION OF FUNDS
Total funds brought forward			5,938,483	1,277,474	7,215,957	4,215,454
TOTAL FUNDS CARRIED FORWARD			~7701 514	~86 096	~7787 610	~7215957

				2021	2020
		Unrestricted	Restricted	Total	Total
FIXEDASSETS	Notes	funds I	funds I	funds I	funds 6
Tangible assets Social investments	12 13	997,772 6699913		997/772 6 699915	888,649 3979891
		7,697,685		7,697,685	4,868,540
CURRENT ASSETS
Debtors Cash at bank		263,552 1 286 927	86 096	263,552 1373023	218,247 3634316
		1,550,479	86,096	1,636,575	3,852,563
CREDITORS
Amounts falling due within one year	15	(351,174)		(351,174)	(216,146)
NET CURRENT ASSETS		1199305	86096	1285401	3 636417
TOTAL ASSETS LESSCURRENT LIABILITIES		8,896,990	86,096	8,983,086	8,504,957
CREDITORS
Amounts falling due after more than one year	16	(1,191,476)		(1,191,476)	(1,270,000)
PENSION LIABILITY	20	(4,000)		(4,000)	(19,000)
NET ASSETS		7101514	86096	7787610	7215957
FUNDS	19
Unrestdicted funds Restricted funds				7,701,514 86D96	5,938,483 1 277474
TOTAL FUNDS				7 78761D	7215957

					2021	2020
			Unrestricted	Restricted	Total	Total
		Notes	funds I	funds I	funds 6	fundsI
FIXEDASSETS
Tangible assets Social investments		12 13	873,117 6 699913		873,117 6699913	888,649 3979891
			7,573,030		7,573,030	4,868,540
CURRENT ASSETS
Debtors		14	391,207		391,207	218,247
Cash at bank			1200 613	86186	1366 709	3634316
			1,671,820	86,096	1,757,916	3,852,563
CREDITORS
Amounts falling	due within one year	15	(341,754)		(341,754)	(216,146)
NET CURRENT	ASSETS		13311066	86096	1416162	3636417
TOTAL ASSETSLESSCURRENT LIABILITIES			8,903,096	86,096	8,989,192	8,504,957
CREDITORS
Amounts falling	due after more than one year	16	(1,1917476)		(1,191,476)	(1,270,000)
PENSION LIABILITY		20	(4,000)		(4,000)	(19,000)
NET ASSETS			77D762D	86096	7793716	7215957
FUNDS		19
Unrestricted funds Restricted funds					7,707,620 86096	5,938,483 I 277 474
TOTAL FUNDS					7793716	7 215957

	Notes	2021I	2020
Cash flows from operating activities
Cash generated from operations			~2602 551
Net cash provided by operating activities		~648968	~2602 551
Cash flows from investing activities
Purchase oftangible fixed assets Purchase ofsocial investments Sale oftangible fixed assets Interest received		(133,706) (2,720,022) ~4746	(2,697,489) (3,654,891) 2,000,000 ~1408
Net cash used in investing activities		2 848982	4350972
Cash flows from financing activities
New loans in year Loan repayments in year		~61279	1,060,000
Net cash (used in)/provided by financing	activities	~61279)	~1060000
Change in cash and cash equivalents the reporting period Cash and cash equivalents at the	in	{2,261,293)	(688,421)
beginning ofthe reporting period		~3634316	~432 737
Cash and cash equivalents at the end	of
the reporting period		~1373023	~3634316

RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
		2021 E	2020 I
Net income for the reporting Financial Activities)	period (as per the Statement of	556,653	3,000,503
Adjustments for: Depreciation charges Profit on disposal offixed assets Interest received		24,583 (46746)	23,917 (72,331) (1,408)
Increase in debtors Increase/(decrease) in creditors		(45,305) ~117783	(52,106) ~296 024
Net cash provided by operations		~648968	~2602 551
ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)
	At 1/4/20 I	Cash flow I	At 31/3/21 6
Net cash
Cash at bank	3 634 o 6	~2 261293	1 373023
	3 634 316	~2 262 293	1 373 D23
Debt
Debts falling due within 1year Debts falling due after I year	(165,000) ~1270 000	(23245) 78 524	(188245) ~1191476
	~2435 DDD	55 279	~2379 721
Total	~2199316	~22D6 014	~6690

under aperating leases are charged tothe stateinent ofthe lease,	under aperating leases are charged tothe stateinent ofthe lease,	offina ndal activities	on a straight-line basis	over the lifeti
DONATIONS AND LEGACIES—CONSOLIDATED		AND CHARITY
Donations and grants Church planting donations			2021I 2,886,929	2020I 2,748,594 96705
			~2886929	~2845 299
INVESTMENT INCOME - CONSOLIDATED AND		CHARITY
Deposit account interest Other interest receivable			2021I 588 ~4158	2020I 1,408
			~4746	~1408
INCOME FROM CHARITABLE ACTIVITIES - CONSOLIDATED AND			CHARITY
Other charitable income Events income Ministry income Other charitable income Transfer of funds from	Activity Direct Charitable Events and ministry Events and ministry Events and ministry		2021 6 22,138 881	2020I 39,925 18,259 60,997
unincorporated charity	Transfer from old charity			~221 849
			23019	~2441030

Consolidated
			Governance
Direct Charitable Redevelopment		Management f 1,488	costs E 10,260 ~4920	Totals E 11,748 ~4920
		~1488	~15180	16668
Support costs, included	in the above, are as follows:

					2021	2020
					Direct	Total
					Charitable	activities
Legal and	professional	fees			f ~1488	E ~1152
Governance costs
					2021	2020
			Direct		Total	Total
			Charitable	Redevelopment	activities	activities
Auditors' Auditors'	remuneration remuneration	for non audit work	E 3,060 ~7200	3,300 ~1620	f 6,360 8820	f 3,060 ~3030
			~10260	4 920	~15 180	~6090
Charity					Governance
				Management	costs	Totals
Direct Charitable				E ~1488	f ~10260	E ~LL 748
Support costs, included		in the above, are as follows:
Management
					2021	2020
					Direct	Total
					Charitable	activities
Legal and	professional	fees			f ~1488	E ~1152

SUPPORT COSTS - c	SUPPORT COSTS - c	ontinued
Governance costs -		charity	2021	2020
			Direct	Total
			Charitable	activities
			6	I
Auditors' Auditors'	remuneration remuneration	for non audit work	3,060 ~7200	3,060 ~3030
			~10260	~6090

Consolidated Net income/(expenditure) is stated after charging/(crediting):
	2021 6	2020I
Auditors' remuneration	6,360	3,060
Auditors' remuneration for non audit work Depreciation - owned assets Surplus on disposal offixed assets	8,820 24,583	3,030 23,917 ~72 331)
Charity
Net income/(expenditure) is stated aRer charging/(crediting):	2021	2020
	6	6
Auditors' remuneration	3,060	3,060
Auditors' remuneration for non audit work Depreciation -owned assets Surplus on disposal offixed assets	7,200 24,583	3,030 23,917 ~72331)

Wages and salaries Social security costs Other pension costs			2021 969,382 121,486 ~175082	2020f 801,408 107,073 ~198641
			~1265950	~1107122
The average monthly	number ofemployees	during the year was as follows:
Administration Ministry			2021 14 32	2020 13 33
			46

Consolidated and charity
		Unrestricted	Restricted	Total
INCOME AND ENDOWMENTS	FROM	funds f	funds	fundsf
Donations and legacies		2,534,562	310,737	2,845,299
Charitable activities
Events and ministry Transfer from old charity		119,181 2,321,849		119,181 2,321,849
Investment income Other income		1,408 72331		1,408 72 331
Total		5,049,331	310,737	5,360,068

11.	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES -continued	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES -continued	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES -continued	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES -continued
			Unrestricted	Restricted	Total
			funds	funds	funds
			I	I	6
	EXPENDITURE ON
	Charitable activities
	Direct Charitable		1,703,493		1,703,493
	Grants Payable Events and ministry		304,308 392,622	41,946	346,254 392,622
	Other income		(82,804)		(82,804)
	Total		2,317,619	41,946	2,3597565
	NET INCOME		2,731,712	268,791	3,000,503
	Transfers between	funds	I 775388	~1775 388
	Net movement in	funds	4,507,100	(1,506,597)	3,000,503
	RECONCILIATION	OF FUNDS
	Total funds brought forward		1,431,383	2,784,071	4,215,454
	TOTAL FUNDS CARRIED FORWARD		~5938483	~1277 474	~7215957
12.	TANGIBLE FIXED	ASSETS
	Consolidated
			Improvements	Fixtures
		Freehold	to	and
		property I	property I	fittings I	Totals I
	COST
	At 1April 2020 Additions	769,820	163,240	32,363 ~133706	965,423 ~133706
	At 31 March 2021	~769 820	~163240	~166069	1~099 129
	DEPRECIATION
	At 1April 2020 Charge for year	193246 ~19246	29,383 ~3265	28,145 ~2072	76,774 ~24 583
	At 31 March 2021	~38 492	~32648	~30217	~101357
	NET BOOK VALUE
	At 31 March 2021	731328	~130 592	~135852	~997772
	At 31 March 2020	~750 574	~133857	~4218	~888 649

Consolidated and charity Programme related investments
		Other
	Loans	investments	Totals
	E	E
MARKET VALUE
At 1April 2020 New in year	325,000	3,654,891 2 720 022	3,979,891 2 720 022
At 31March 2021	325 000	6374913	6699913
NET BOOK VALUE
At 31 March 2021	325 000	6 374~13	6699913
At 31March 2020	325 000	3651891	3979891

Consolidated
	2021	2020
	I	I
Other debtors	31,142	150,449
Gift aid debtor	117,668	35,069
Prepayments	~114742	~32729
	~263 552	~218 247
Charity	2021 I	2020 I
Other debtors GiR aid debtor Prepayments	158I797 117,668 ~114742	150,449 35,069 ~32 729
	~391 207	~218247

Consolidated
		2021	2020
Bank loans and overdrafts (see note 17) Other loans (see note 17) Social security and other taxes Accrued expenses		I 36,578 151,667 35,730 ~127199	25,000 140,000 30,890 ~20 256
		~351 174	216 146
Charity
		2021	2020
Bank bans and overdrafts (see note 17) Other loans (see note 17) Social security and other taxes Accrued expenses		5 36,578 151,667 35,730 ~117779	I 25,000 140,000 30,890 ~20 256
		~341754	216 146

					2021	2020
Bank Other	loans loans	(see (see	note note	17) 17)	1,008,143 183333	I 1,025,000 245 000
					~1191476	~1270000

An analysis	ofthe maturity	of loans is given below:	of loans is given below:
				2021	2020
				E	E
Amounts falling due within Bank loans		one year on demand:		36,578	25,000
Otherloans				~151667	140000
				~188 245	~165 000
Amounts falling between Bank loans - 1-2 years Other loans - 1-2 years		one	and two years:	44,525 ~21667	50,000 ~21 667
				~66 192	~71 667
Amounts falling due between Bank loans - 2-5 years Other loans - 2-5 years			two and five years:	114,666 ~75 000	150,000 ~65 000
				189,666	215,000
				2021	2020
					E
Amounts falling due in more than five years:
Repayable by instalments: Bank loans more 5 yr by Other loans more Syrs		instal		848,952 86,666 ~935 618	825,000 158/33 ~983 333

Minimum lease payments under non-cancellable operatin	g leases fall due as follows:
	2021	2020
	E	E
Within one year Between one and five years In more than five years	ISII650 128I469	102,475 126I594 ~5000
	~280 119	~234 069

Consolidated
		Net	Transfers
		movement	between	At'
Unrestricted funds	At 1/4/20	in funds I	funds I	31/3/21 5
General fund	5,938,483	531,042	1,231,989	7,701,514
Restricted funds
Giving Fund - Specific Gifts Building ForThe Future Reach Global Redeemer QP The Boathouse Aus	271,166 1,001,318 4,990	(30,138) 57,043 (142) 2,364 ~11484	(173,628) (1,058,361)	67,400 4,848 2,364 ~11484
	1277 474	40 611	~5233 989	85 096
TOTAL FUNDS	7215957	571653		~7787610

	Incoming	Resources	Gains and	Movement
Unrestricted funds	resources f	expended 6	losses I	in funds 5
General fund	2,717,783	(2,201,741)	15,000	531,042
Restricted funds
Giving Fund - Specific Gifts Building ForThe Future Reach Global Redeemer QP The Boathouse Aus	10,262 69,016 47,136 45,693 ~24 804	(40,400) (11,973) (47,278) (43,329) ~13320)		(30,138) 57,043 (142) 2,364 11484
	196911	~556 300		40611
TOTAL FUNDS	~2914694	~2358041)	15000	571653

Charity			Net	Transfers
			movement	between	Al
		Al' 1/4/20 I	in funds I	funds I	31/3/21 E
Unrestricted funds
General fund		5,938,483	537,148	1,231,989	7,707,620
Restriclnd funds
Giving Fund - Specific Gifts Building ForThe Future Reach Global		271,166 1(001,318 4,990	(30,138) 57,043 (142)	(173,628) (1,058,361)	67,400 4,848
Redeemer QP The Boathouse Aus			2,364 ~11484		2,364 ~11484
		~1277474	~40611	~1231 989	86I66
TOTAL FUNDS		7,215,957	577,759		7,793 716
Net movement in funds,	included	in the above are as follows:
		Incoming	Resources	Gains and	Movement
		resources I	expended 5	losses I	in funds I
Unrestricted funds
General fund		2,717,783	(2,195,635)	15,000	537,148
Restricted funds
Giving Fund - Specific Gifts Building ForThe Future Reach Global		10,262 69,016 47,136	(40,400) (11,973) (47,278)		(30,138) 57,043 (142)
Redeemer QP The Boathouse Aus		45,693 ~24 804	(43,329) ~13320)		2,364 ~11484
		~196911	156300		~40611
TOTAL FUNDS		~2914 694	~2351935)	~15 000	~577759

defldt repair contr	ibutions payable (as a percentage	of pensionable stlpends) are as set out In	the table below.
		January 2018to	January 2021to
%of pensionable	stipends	December 2020	December 2022
Deficit repair contributions		11.9%	71%

Unquoted investments	Unquoted investments	Unquoted investments	— non
charity trading company
BFTF Management				2021	2020
Limited
Income statement
Income
Administrative expenses				6,106
Loss for the financial	period			6,106
Aggregate retained	loss			6,106
Balance sheet
The assets and liabilities		of
the subsidiary were
Fixed assets				36
Current assets				130,970
Current liabilities				(137,111)
Aggregate capital		and
reserves				(6,105)