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|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|





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||Note||||||2021|||||||2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Restricted<br>funds|Unrestricted<br>funds||Endowment<br>funds||Total|Restricted<br>funds||Unrestricted<br>funds||Endowment<br>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<br>TotalIncome|J|13,606||22,640<br>79,943||24,602<br>1,962<br>1,96294,511|||19,547||22,672<br>87,666|l,6lI<br>1,671||24,343<br> 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<br>Totalfundscarriedforward||3,872<br>10,228||35,867<br>46,668||763,865<br>952,359|903,604<br> 909,255||3,872||48,959762,237<br>35,867<br>763,865|||811,196<br> 803,604|





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|||BalanceSheet<br>asat31December2021|BalanceSheet<br>asat31December2021|BalanceSheet<br>asat31December2021|||
|---|---|---|---|---|---|---|
|||Restricted UnrestrictedEndowment|||2021|<br>2020|
||Note|funds<br>*.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|





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|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|





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||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|



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|ome(expenditure)isstatedaft|ercharging/(creditin|g):|||
|---|---|---|---|---|
||Unrestricted|Endowment|2021|2020|
||Funds|<br>Funds|Total|Total|
||f,|s,|f|f|
|Depreciationonassets|371||371|371|



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|FixedAssets|||||
|---|---|---|---|---|
||Landand<br>Buildings|Plantand<br>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|<br>3,419|
|Disposals|||||
|Charge|||371|371|
|As at31December2021|||3,790|<br>3,790|
|Netbookvalue|||||
|At31December2021|775,000||372||
|At3lDecember 2020|695,000||743|695,743|





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|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|



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|8|Valuation in2013<br>Valuationin2012<br>Cost<br>DebtorsandPrepaidExpenses||25,<br>10,<br>439,<br>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|



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||2021|2020|
|---|---|---|
||f|t|
|Accruedexpenses|1,168|877|
|Other creditors|||
||1,168|871|



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|ment inFunds|||||||
|---|---|---|---|---|---|---|
||At01.01.21<br>f,|Incoming<br>Resources<br>f|Outgoing<br>Resources<br>f,||Gains&<br>Losses/At3l.l2.2l<br>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|



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||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|





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|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)|