| Contents | Page |
|---|---|
| ReportoftheTrustees | 3to1l |
| Independent ExaminersReportto the members | t2 |
| Statement ofFinancial Activities | 13 |
| BalanceSheet | 14to15 |
| Notes totheFinancialStatements | 16to 20 |
| DetailedStatement of Income andExpenditure | 21 to 22 |
| Note | 2021 | 2020 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted funds |
Unrestricted funds |
Endowment funds |
Total | Restricted funds |
Unrestricted funds |
Endowment funds |
Total | |||||||
| Incomeand endowmentsfrom: | f | f | f | f. | f | f | f | L | ||||||
| Donationsand legacies | 13,606 | 54,256 | 67,862 | 18,547 | 62,953 | 81,500 | ||||||||
| Charitableactivities | JJ | 33 | 32 | 32 | ||||||||||
| Othertrading activities | 2 | 2,014 | 2,014 | 2,009 | 2,009 | |||||||||
| Investment income TotalIncome |
J | 13,606 | 22,640 79,943 |
24,602 1,962 1,96294,511 |
19,547 | 22,672 87,666 |
l,6lI 1,671 |
24,343 107,884 |
||||||
| Expenditureon: | ||||||||||||||
| Raising funds | 4 | 5,402 | 5,402 | 4,988 | 4,988 | |||||||||
| Charitable activities | ||||||||||||||
| Directserviceprovision | 5,217 | 5,217 | ||||||||||||
| Grant funding ofpartners | 6,449 | 59,176 | 65,624 | 14,675 | 86,I85 | I00,860 | ||||||||
| Supportcosts | 4,365 | 4,365 | 4,368 | 436q | ||||||||||
| TotalExpenditure | 6,449 | 68,943 | 75,392 | 14,675 | 100.758 | 115,433 | ||||||||
| Netgains/(losses) on investments | 86,532 | 86,532 | (43) | (43) | ||||||||||
| Net Income/(Expenditure) | 7,157 | 10,000 | 88,494 | 105,651 | 3,872 | (13,092) | 1,628 | (7,592) | ||||||
| Transfers between funds | (801) | 801 | ||||||||||||
| NetMovementinFunds | 6,356 | 10,801 | 88,494 | 105,651 | 3,972 | (13,092) | 1,628 | (7,592) | ||||||
| Reconciliation offunds: | ||||||||||||||
| Totalfunds broughtforward Totalfundscarriedforward |
3,872 10,228 |
35,867 46,668 |
763,865 952,359 |
903,604 909,255 |
3,872 | 48,959762,237 35,867 763,865 |
811,196 803,604 |
| BalanceSheet asat31December2021 |
BalanceSheet asat31December2021 |
BalanceSheet asat31December2021 |
||||
|---|---|---|---|---|---|---|
| Restricted UnrestrictedEndowment | 2021 | 2020 |
||||
| Note | funds *.fs |
funds | funds | f | f | |
| 20Fixedassets | ||||||
| Tangibleassets | 7 | 372 | 775,000 | 775,372 | 695,743 | |
| Currentassets | ||||||
| Stock | ||||||
| Debtors | 8 | 2,406 | 2,406 | 17,439 | ||
| Investments | 9 | 65,359 | 65,359 | 56,865 | ||
| Cash atbank andinhand | 10,228 | 45,059 | 12,000 | 67,286 | 34,434 | |
| 10,228 | 47,464 | 77,359 | 135,051 | 108,738 | ||
| Creditors -amountsfalling | l0 | ( 1,168) | (1,168)(877) | |||
| duewithinoneyear | ||||||
| Netcurrentassets | 10,228 | 46296 | 77,359 | 133,883 | 107,861 | |
| Netassets | 10,228 | 46,668 | 852,359 | 909,255 | 803,604 | |
| Funds | 12,13 | |||||
| Restricted funds | 10,228 | 3,872 | ||||
| Unrestrictedfunds | 46,668 | 35,867 | ||||
| Endowment funds | 8s2Js9 | 763,865 | ||||
| Totalfunds | 909,255 | 803,604 |
| TradingIncome | |||||
|---|---|---|---|---|---|
| Unrestricted | Endowment | 2021 | 2020 | ||
| Funds | Funds | Total | Total | ||
| f | f, | f | f. | ||
| Fundraisingactivities | |||||
| Tradingincome | 2,014 | 2,014 | 2,009 | ||
| 2,009 | 2,009 | 2,009 | |||
| ment Income | |||||
| Unrestricted | Endowment | 2021 | 2020 | ||
| Funds | Funds | Total | Total | ||
| s | f | f, | t | ||
| Rent received | )) )5 | 22,525 | 22,300 | ||
| lncomefrominvestments held | 1,962 | 1,962 | 1,671 | ||
| Deposit account interest | 115 | 1ls | 372 | ||
| 22,640 | 1,962 | 24,602 | 24,343 |
| Unrestricted | Bndowment | 2021 | 2020 | |
|---|---|---|---|---|
| Funds | Funds | Total | Total | |
| g | f | f, | f. | |
| Raising donations | 62 | 62 | 45 | |
| Trading activities | 541 | 541 | 708 | |
| Rentcollection | 1,622 | 1,622 | 1,588 | |
| Propertymaint.&insurance | 3,177 | 3,177 | 2,647 | |
| 5,402 | 5,402 | 4,988 |
| ome(expenditure)isstatedaft | ercharging/(creditin | g): | ||
|---|---|---|---|---|
| Unrestricted | Endowment | 2021 | 2020 | |
| Funds | Funds |
Total | Total | |
| f, | s, | f | f | |
| Depreciationonassets | 371 | 371 | 371 |
| FixedAssets | ||||
|---|---|---|---|---|
| Landand Buildings |
Plantand Machinery |
Totals | ||
| f | f | f | ||
| Cost | ||||
| AtIlanuary2021 | 695,000 | 4,162 | 699,162 | |
| Additions | 80,000 | 80,000 | ||
| Disposals | ||||
| Asat31December2021 | 775,000 | 4,162 | 779,162 | |
| Depreciation | ||||
| At1January2021 | 3,419 | 3,419 |
||
| Disposals | ||||
| Charge | 371 | 371 | ||
| As at31December2021 | 3,790 | 3,790 |
||
| Netbookvalue | ||||
| At31December2021 | 775,000 | 372 | ||
| At3lDecember 2020 | 695,000 | 743 | 695,743 |
| buyandsellpropertyin thelocalityofthe inve | stment property. |
|---|---|
| f | |
| Valuationin2021 | 80,000 |
| Valuationin2019 | 45,000 |
| Valuation in2017 | 50,000 |
| Valuationin20l6 | 25,000 |
| Valuation in2015 | 50,000 |
| Valuationin2014 | 50,000 |
| Valuation in2013 | 25,000 |
| Valuationin2012 | 10,949 |
| Cost | 439,051 |
| 775,000 |
| 8 | Valuation in2013 Valuationin2012 Cost DebtorsandPrepaidExpenses |
25, 10, 439, 775, |
|
|---|---|---|---|
| 2021 | 2020 | ||
| f | f. | ||
| Other debtors | 2,406 | 1,183 | |
| Prepayments | 15,656 | ||
| 2,406 | 17,439 | ||
| 9 | CurrentAssetInvestments | ||
| 2021 | 2020 | ||
| f | T | ||
| Listedinvestments | 65,359 | 56,865 |
| 2021 | 2020 | |
|---|---|---|
| f | t | |
| Accruedexpenses | 1,168 | 877 |
| Other creditors | ||
| 1,168 | 871 |
| ment inFunds | ||||||
|---|---|---|---|---|---|---|
| At01.01.21 f, |
Incoming Resources f |
Outgoing Resources f, |
Gains& Losses/At3l.l2.2l Transferssf, |
|||
| Restricted funds | ||||||
| COVID-I9response | 801 | 63 | (80r) | 63 | ||
| Sportsministry | 482 | 482 | ||||
| School bursary | 1,489 | 2,743 | (1,739) | 2,493 | ||
| Imbwa"LightforLife" | 1,100 | 1,100 | ||||
| Radioministry | 5,080 | (60) | 5,020 | |||
| CampBethelsecurity | 3,250 | (3,250) | ||||
| Masala goats/security | 1,400 | (1,400) | ||||
| Pastor hardshipfund | 1,010 | 1,070 | ||||
| 3,872 13,606 | (6,449) (801) | 10,228 | ||||
| Unrestricted funds | ||||||
| Generalfund | 35,867 78,943 | (69,943) | 801 | 46,669 | ||
| Endowment funds | ||||||
| Building | 695,000 | 80,000 | 775,000 | |||
| Other | 68,865 | 1,962 | 6,532 | 77,359 | ||
| 763,865 | 1,962 | 86,532 | 852,359 | |||
| TotalFunds | 803,604 94,511 | (75,392\86,532 | 909,255 |
| Restricted | Unrestricted | Endowment | Total | |
|---|---|---|---|---|
| Funds | Funds | Funds | 2021 | |
| 2021 | 2021 | 2021 | ||
| f, | f, | f | f, | |
| Tangible FixedAssets | 372 | 775,000 | 775,372 | |
| Current Assets | 10,228 | 47,464 | 77,359 | 135,051 |
| CurrentLiabilities | (1,168) | (1,168) | ||
| NetAssetsAt31 Dec | 10,228 | 46,668852"359 | 909,255 |
| Restricted | Unrestricted | Endowment | Total | |
|---|---|---|---|---|
| Funds | Funds | Funds | 2020 | |
| 2020 | 2020 | 2020 | ||
| t | f, | f, | f, | |
| Tangible FixedAssets | 743 | 695,000 | 695,743 | |
| Current Assets | 3,872 | 36,001 | 68,865 | 108,738 |
| CurrentLiabilities | (877) | (877) | ||
| NetAssetsAt31Dec | 3,872 | 35,867763,865 | 803,604 |
| 2021 | 2020 | |
|---|---|---|
| Incomeand Endowments | f | f. |
| Donationsandlegacies | ||
| Donations | 62,212 | 73,879 |
| Giftaid | 5,650 | 7,621 |
| 67,862 | 81,500 | |
| Other tradingactivities | ||
| Fundraisingevents | ||
| Tradingpayments received | 2,014 | 2,009 |
| 2,014 | 2,009 | |
| Investmentincome | ||
| Rents received | '))\')|22,300 | |
| Otherinvestment income received | 1,962 | 1,671 |
| Deposit account interest | I15 | 372 |
| 24,602 | 24,343 | |
| Charitable activities | ||
| Primarypurposetrading | 5J | JL |
| Totalincomingresources | 94,511 | 107,884 |
| Expenditure | ||
| Raising donationsandlegacies | ||
| Primarypurposetradingcosts | 6 | 148 |
| Raising donationscosts | 62 | 45 |
| 68 | 193 | |
| Other tradingactivities | ||
| Tradingcosts | 535 | 560 |
| Investmentmanagementcosts | ||
| Rentcollection | 1,622 | 1,588 |
| Property maintenance | 2,836 | 2,335 |
| Property insurance | 341 | 312 |
| 4,799 | 4,235 |
| DetailedStatement ofFinancialActivities fortheYe | arBnded31December2021(conti | nued) |
|---|---|---|
| 2021 | 2020 | |
| f, | f. | |
| Charitable activities | ||
| J-LifeMinistries | 63,152 | 99,963- |
| Secondary School BursariesforGirls | 1,739 | I,160 |
| AcademicScholarships | 436 | 97t |
| GiftstoIndividuals in Malawi | 450 | 50 |
| Gifts toother Organisationsin Malawi | J | |
| UKMinistry | 470 | 4,1g5 |
| UKOfficeCosts | 2,741 | 3,111 |
| Equipment - Depreciation | 371 | 371 |
| 69,359 | 109,814 | |
| Governancecosts | ||
| Independent examinersfee | 600 | 600 |
| Legalfees | 31 | 3l |
| 631 | 631 | |
| Totalcharitableresourcesexpended | 69,990 | 110,445 |
| Totalresourcesexpended | 75,392 | 115,433 |
| Net income | 19,119 | (7,549) |