MIDLANDS GOSPEL MISSION (INTERNATIONAL) FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021 A COMPANY LIMITED BY GUARANTEE COMPANY REGISTRATION NUMBER: 08786769 REGISTERED CHARITY NUMBER: 1161906
MIDLANDS GOSPEL MI10 (INTERNATIONAL) FOR THE YEAR ENDED b NOVEMBER2021 CONTENrs Pag Report of the TruAtee$ Independent Examiner's Report Statement of Financial ActiTrities Ralance Sheet Not¢s to the Financial Slatements 10-17 For Management Pu)s Onty Detail Management Accounts 18
MIDLANDS GOSPEL MI&SION ONfERNATIONAL) Page I REPORT OF THE TRUSTELS FOR THE YEAR ENDED 30 NOVEMBER 2021 The Tnjstecs are pleasoj to present their rert and Financial stsiements for the year ended 30 Noveml)er 2021, which are prepared to meet the r¢quir¢ments for a Dire¢tor'3 R¢rt and Financial ststements for Companies Acl PUTkK)ses. The Financial Statements comply with the Cl)aTities Act 2011. the ComF*nies Act 2006, the Memorandum and Articles of Association and Accounling and RetK)rting by Ch8Tities.' Sthtement of Recomm¢nded tiCe applicable to charities ptepariD8 their Financial Statements in accordance with the Financial Reporting Standard applicable in the UK and R4)ublic of Ireland (FRS 102). REFERENCE AND ADMINISTRATIVE llYFORMATION ChMrltAble Comp4ny Name Midlands Gospel Mission Otkntional) Charity Re&istration NuDJb¢r 1161906 Compgny Rwgtrgtion Number 08780709 Regi3tcred Office 2 NorwiLh Road WorcestCT WR5 INX DIREcfoiis AND TRUSTEES Thc dircctors Of the ChItable company are its trws1¢¢s for the puryK)sc of chwity law. Th¢ tnLsiecs who served duriJ]g the year were as follows: Pastor Sgntosh Kutiako8e Mtinithotthm Mr Denson Daniel Mr Thanka¢hen ChakkittaprJmpil Philip Dr Sanju Thomas
Pag¢ 2 MtDLANDS GOSPEL M10 (INfERNATIONAL) REPORT OF THE TRUSTEFS (CONfiNUED) FOR THE YEAR ENDED 30 NOVEMBER 2021 STRUCnlRE, GOVERNANCE AND MANACEMEwr Governing Doeument The COTnpany is a chaTilabl¢ Gompany limited by guaTantr¢, incorEK)rnfyJ on 22 November 2013. Thc charitable compally was established under a Memorandum of AcIatiOn which established the objectives and pK)wers of the ¢haTitable company and is governed under its Articles of Association. The charitable company IK¢8me a register&1 Charity on 29 May 2015. In the event of th¢ ¢haritable cA)mY ing Wou1 up. mcmbers are requirvj to o)ntribute an amount nol ¢Arccding £1. Recruitment and App)intmeDt of Trustees The directors of the company are also charity trustres for the putFX)s¢s of charity law and, undw the charitsble cotnpany's Articl& gre known as Memb of the Management Committee. The direLtors are reappointed in a¢wrdancc with th¢ M¢morandum and Articlcs of ASclatiOn. Trustee Induction and Trnining A progrthimc is employed for the induction of new trustees. It encompasses a full indu¢tion in the charitable company's Folicies and pr(US and involves examiw the financial plan. Updates on the reswnsibilities of the tn are provided a8 appropriate to d¢v¢lopments in 3tatuie and b¢st prnctic¢. Organisational Structure Mtdlands Gospel Mission Ont¢rnationaJ) h&8 a B08rd which meets at least four tim¢s a and which is resTX)nsible for the tratee dir&xion and policy of the ehAritsble company. At present the Mg0og¢rnent Committee comes from a variety of back8rounds relevant to the work of the hlb]e company. Risk Management The tswstees have conducted a revi¢w of the major risks lo which th¢ ¢hatitabl¢ (Kimpany is exposed. Where 8PPTOPriat& systems or prOCre9 have been established to mitigate the risks the charitabl¢ mpany faccb. Signifiwil cxtcrnal risks hav¢ ltsl lo thc devclopment of a strategic plan. IntenMI control risks are minimised by the implemcntation of pnth for authorisation ofatl transactions and projects. PAY Poliry for Senior Staff The pay for all senior staff employed by the charitable company is review on a regular b&sis and any changes to salaries are depe]ent on the employees and the charitable company's overall perf(fftnance.
MIDIANDS GOSPEL mlON (NfERNATIONAL) Page 3 REPORT OF THE TRUSTEKS (CONrtNUED) FOR THE YEAR ENDED 30 NOVEMBER 2021 STRucfuRE, GoVE1ANc AND MANAGEMFNr (coNrJNuED) R¢Jated Parties 'rhe charitable eornpany h&8 no related parti¢s. FINAIYCIAL REVIEW The charitable company's income for th¢ year £56247 (2020 - £33,018). Expenditure tota]led £35.349 (2020 - £36.958). The overall SUTplus incu w&g £20.898 (2020 _ £(3.940)). Thc dir¢¢tors arc satisfied with the overdu FK)sition and finances of the charitable company. Prln¢lp*l Funding Sourtts The prineipai funding sources for the charitable wmpAny ar¢ cutTent]y from mcmber3 of the mission. Investment Policy Mobt of th¢ Charitablc comtony's funds ate to bc 4xnt in the short-terni so. at presenL the eharttsble company has no investsnents. Reserves Poliey and Going Concern It is the policy of the charitablc company to airn towards maintaining unrestrict¢d funds, which are the rC reserves of the charitable company, at a level where unrtrIcted funds will bc sufficicnt to meet its out80in8 expenses. The directors of the charitable company of th¢ Yi¢w that Midlands G03pcI Mission (International) is a going concern. ORJECTtVES AND ACllvEs Midland Gospel Mi&sion (IntenlOn81) is a registered charitable comFAny under the Charities Act. It beg8n with the aim of proclaiming thc go4KI of our IA)rd Christ Jesus and sharing his love to all people without any banier of religio r¢8ioty rac4 t)atIO lan8ua8e and gender. chAritabl¢ ¢ompany's aims aTd objectives are to advance the Christian faith in accordan with the article of faith in the United Kingdom and throughout the world as the ChUb elders may. from time to time. think fit. Publie Benefit Statement Our main Activitics and who we try to hclp are descnlKd atx)ve. All of our activitie5 undertAken to furth¢r our charitsble purposes for the public Iefit. In shaping our objectives and planning our activities. the trustees have considered the Charity Commission's dance on public ben¢fit includin8 the guidance 'Public Benefit: Ruuning a Charity (PB2)'.
MIDLANDS GOSPEL MI&SION (INfERNATIONAL) Page 4 REPORT OF THE TRUSTELS (C()NTINUED) FOR THE YEAR ENDED ) NOVEMBER 2021 ACHIEVEMENTS AND PERFORMANCE Midlands Gospel Mission (MGM) wo¢51¢[ is a church r¢gistcrcd as charity organi5alion with a desire to work towards the advancement of Gospel. The congregation commenced as a house Church in 2004 consisting of only thr¢¢ families. By the grace of God. additional families joined the ChuTcIL which led us to rent halls to carry out our WOTship services. Furthermore, with the financial aid received from our church metnbers, we were able to purchase our own building in December 2013. Our main worship service is in our native language - Malayalam which includes praise and worship and Bible study. The Seice hours are from l 0..30 to 13:00 every Sunday. Our Sunday school was instituted in 2005 which consisted of five students and two t¢achers. By the grace of God, we are currently manaEin¥ the gunday qehool with 2S SdentS and 10 ieachers. Our primary Boal is to develop and cmpowcr their spiritual and social life. Wc have conducted youth Seminars lind oiher meetings for the youn8 adults and stud¢nts to cnrich their character and p¢rsonality to sustain hi8h moral siandards. Wc commit io tegular prdyer c¢lls which inCorTate intercesgory prayer sessions every Tuesday and Bible studies in Worcester, Cyloucester, Hereford and T¢1 Aviv (viY4 vidoo conferencing) on a weekly basis. When lockdown restrictions are placed or when there is ¢ause for concern for our members, we COndt the abov¢ Yirtually. W¢ w¢r¢ able to reach out to those in need locally and globally numerously. A fcw notable on¢s are: Wc havc ongoing Supp for Bihar Life Mission as part of our gospel ministries. We financially ¢ontribut¢d tOWd5 a ministy in TanLania for printing Bibl¢s. Wc provided ¢ontribulions to many Christian ministers who were invited to our s¢rvic¢s throughout the year. During our alal Sunday SGh(l and Youth AnnivcT&2ry, wc distribui¢d achievement rewards according to their a¢8dcmic levels and examination performance. We weTr able to conduct a Vacation Bible School (VBS) during the summer holidays. Currently we are raising fimds for the extension of our church building due to the limited space to accommodaie incre&8ing members. We have been unable to mak¢ initial ¢nquirics due to COVID-19 StrActiOnS. PLAINS FOR FirruRE PERIODS Going forward. wc plan to continuc our suptK)rt to BihaT l.ife Mission. We plan to Conduct initial enquiTies regarding our church building r¢novalioDlexl¢nsion. Wc plan to continuc our Tcgular worship services. Sunday school and enrichment seminars for our childrcn and adults. We wish to conduct arca meetings in Bmmyard, Redditch and Worccster. We are planning to conduct a family- meet weekend seminar and a study tour for the social wellbeing of our members. In the mc8ntime, we plan to raise funds for vaTiOUS causes and ¢ontinu¢ PD)viding fllLincial support to ministers w¢ inviic.
Page 5 REPORT OF THE TRusfELS (CONllNUED) 30 NOVEMBER2021 PLANS FORFtrruRE PERIODS {CONfiNIJED) We aye currently happy ongoing ¥tivitie$ and hope ts CAmtinue with our future plans givcn fi]rther COVID.19 restrictions are not impose4L RESPONSIBILIT8 OF TRUSTEFS CompAny law requires the tntstees to prepare Flnartci Statements for each fingnci81 yegr, 1¢h oive a true and fait view of th¢ state of th¢ affai[5 of thc Gharitsbl¢ cOMpY at th¢ Balance Sheet date and of its incoming reSoueS and 4)pli&qtion of resour induding income and ¢xpnditure. for the finanetal year. In preparing those Finwial Statanents, the InLgte£s slM)uld followbttt pradice and: Select suitsble titig Folicies and apply tkni consistentty: ob3¢rv¢ the method8 aud Fri1P1a 3n tkn Charities SORP (FRS 102): stat¢ whether applicablc ting stsndv9 have kn follow4 subject to any dep8rtir disclosed inthe Financial Statements: 8NI that the ch8ritsbEe company La)ntinue on that Is. The ore reSEm)ble for tnarri• proktr wA)tiD8 reu)rds which di105¢ with reasonable accuracy, at any timc, the financial psition of the charitable company andto enable them to e9re tllat thc Filwl1 Statements eAMnply wlththe CompleS Act 2(M)6 gnd the Charities Act 2011. Th¢ thite are also reswnsible for 5afcguarding thc of the chatitable conlpany 8nd h¢nce for tsking reasonable steps for the PK¢vention and detection of fi8ud and other iuegulan'ties. SMALL COMPANTES PROVISIONS Approv¢d by th¢ Board olTruthe8 on 25 Septattber 2022 and 8igned on ity behlf by: S P THOMAS
Page 6 1NDEPE1YDE EXAMINER'S REPORT TO THE TRusfELS OF MtDLANDS GOSPEL MISSION {lATIoV4AL) FOR THE YEAR ENDED 30 NOVEMBER2021 I report to the charity trnjtees on my cxamination of thc accoullts of the Company for the year ended 30 Novenibcr 2021. RESPONSIBILITtFS AND BASIS OF REPORT As the charity's tnLStccs of th¢ wmpany (and also its directors for the purwses of company law) you are responsible for the preparation of the Accounts in rdance with th¢ requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to bc audited under Part 16 of the 2006 Act and are eligible for independent exominalion, L report in respcct of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the DirKtions Ven by the Charity Commi55ion under section 145(5){b) of the 2011 Act. IrrfDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I confinn that no matters have come to my altention in connection with the cxamination giving m¢ io IKlicve that in any matcrial respect: accounting records wcre not kept in rcspect of the Company as rcquired by s¢ction 386 of the 2006 Act. or the accounts do not accord with those rcwrds; or thc accounts do not comply with the accDunting requircrnents of section 396 of the 2006 Act other than any requirement that the accounts sive a 'tru¢ and fair view which is not a matt¢r considered as part of an inderthdent examinatio or the accounts have ttot been Ppared in AeeordAO¢¢ With th¢ methods and prin¢ipl¢8 of th Statement of Recommended Practice for accounting and reporting by Oh111¢5 {appli¢ablc to charities preparing their accounts in a¢cordancc with the Financial Reporting Standard applicable in the UK and republic of Ireland {FRS 102)).
INDEPENDENf EXAMThER'S REPORT {coNrINUED) Page 7 TO THE TRUSTEES OF MIDLANDS GOSPEL mlON (INTERNATIONAL) FOR THE YEARENDED 30 NOVEMBER 2021 INDEPENDEwf EXAMINER'S STATEMENT (COIYTINUED) I have no concerns and have come across no other matters in conne¢tion with the examination to whxch attention should be thawn in this r¢port in ord¢r to enable a proper undcrslanding of the accounts to be reached. D J MANT FCA 25 September 2022 ABRAHAM & DOBELL Chartered AccouD¢YdDts 230 Shirley Road outhampton SOIS 3HR
Page 8 MIDLANDS GOSPEL MI&SION (INfERNATIOIYAL) STATEME OF FINAIYCIAL ACTIVTrIE (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 NOVEh(BER 2021 2021 Unrcstricted Restricted Total Funds Fundy Funds 2020 Total Fund5 Not INCOME Donations and legacies Charitable activities Investment income 47,434 8,809 47,434 8,809 28,790 4,180 48 TOTAL INCOME 56247 56247 33,018 EXPENDITURE Charitabl¢ activitic 35,349 35,349 36,958 TOTAL EXPENDITURE 35,349 35,349 36,958 NET INCOMF,IIF,XPF.NDITURE) 20,898 20.898 (3,940) NET MOVFMF,Nr IN FUNDS FOR THE YEAR 20,898 20,898 (3,940) RECONCILIATION OF FUNDS Totsl funds brought forward 44,807 107296 152,103 156,043 Total fimds Carri foThvard £65.705 £107,296 £173.001 £152,103 "thc Statcmcnt of Financial Activitic5 inclth all gains aThl lo&se5 in the year. All income and eXtndItUre derive from continuing activitie5. Movements in funds are discl¢)sed in not¢ 10 to the Financial Stat¢m¢nts. The notes on pagLg 10 to 17 forni part of these Financial Statements
Page 9 BALANCE SHEET AS AT 30 NOVEMBER2021 2021 2020 pln AggiTQ Tangible fixed assets TOTAL FIXED A15 108 108,567 108,313 Cash at bank and in hand 68,113 46,161 3.425 1625 64.688 43,536 NET ASSETS £173.IK)I £152,103 Ui]r¢stri¢t¢d incom¢ fijnds 65.705 107296 44,807 107296 £173.(J)I £151103 For the year ended 30 November 21r21 the o)mpany was cntitleAI to exemMion from audit under section 477 of the Companies Act 2c6 relating to gmau cx)mFY8nies. Dir¢¢tor8' r¢8p)n&Thiliti¢s: Th¢ memttrs havc [quid thc company to obtsin an a]11 of its Accounts for the PaiLMI in question in accordance section 476; and The directors a¢lowIedSe their resEMxwbiliti¢8 for eA)mplying with th¢ requirem of thc Act with reSpt of accounting and the preparation of ALYA)unts. to the small companies regime. Approved by the Board OrTrte¢S on 25 Wber 21Ill and signed on its behalf by: S PTHOMAS COMPANY REGIsfRATION IWMBER: 08786769 The notes on p4ge8 10 to 17 fonn part of FiDaDcid Statements
MIDLAI¥DS GOSPEL MI&SION (IWERNATIONAL) Page 10 NOTES TO THE FThANCIAL STATEMENIS FOR THE YEAR ENDED 30 NOVEMBER2021 AccouNfiNG POLICIFS Charity Informxtion Midl¢Ands GustKI Missiononternational) is a clwilable company limit¢d by guarantee. established under its Memorandum and Articles ofA&8OCiAtion and is registered wth the Charity Cornmi&sion and Companies HO8¢ in EngIaud al Wal¢s. The principal addrc&8 is 2 Norwich Roa WorLzster. WR5 INX. "tbe charity is a public krnefit entity. The principal accounting TrICI¢S are sUMnsed E¢low. The accounting polices have been applied consistently throughout tk year and in the preceding year. (a) Basig of PrepArAtiOD The Financial Statements hav¢ been prepared in accordanct with Accounting and Reporting by Charities". Ststcment of Re¢ommended Pwtic¢ applicable to Lharili¢s prq)aring Financial Statements in accordance with the Financial Reporting Standard applicablc in the IIK and Republic of Ireland (FRS 102) - (Charlties SORP (FRS 102)), thc Financial RLWrting Stundard applicable in th¢ UK and Republic of Iland (TrRS 102) and the Companies Act 2006. The Financial Staments hav¢ been prepth Und the historical cost nvention, except for the valuation of investment assd& which aTr shown at market value. The Financial Statem¢nts a prcpared tn Sterling which is the fimctional cuw of the c.harity Commission. Monetary amounts are round to the nearest £. (b) Income All incom¢ 15 included inth¢ SLmcnt of Financial Activiti when the charitablc company is entitlcd to the income and the amount can bc quantified with reasonable accuracy. The following specific p)licI aTC applied to partICar categories of income", Voluntary income is received by way of donations and is includ&J in full in the Statement of Financial Activiti¢s when rec¢ivabl¢. Investment income 18 included when receivable. Incom¢ from charitablc activities are accounted for when earned. (c) Eipenditure F.xpcnditure is Tecognised on an accruals b&sis a liability is incurred. Expenditw¢ includes VAT &g the eharithble company is not VAT registered gnd is reported as part of the ¢xpcnditurc to whi¢h it relates. ChaTitablo expenditure comprises thos¢ ¢osts incurred by the charitable company in the d¢livery of its activities and ryi(¢S for its beneficiari¢s. It includes both costs that can be allocated directly to such activities and those costs of an indirecl nature necessary to support them. Governance costs include thos¢ costs associat¢d with meeting th¢ Gonstitutional and slatutory requirements of th¢ charitable company and includ¢ the audit fees aThd w5ts linked to lh¢ strategic management of thc charitable company.
Page 11 MIDLANDS COSPEL MI&SION (IKTERNATIONAL) NOTES TO THE FINANCIAL STATEMENrs (COIYTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2021 ACCourre. POLieiLq {copiriNUED) (c) Eipenditsre (Continued) All costs ar¢ allo¢atcd bctwccn th¢ expenditur¢ ¢at¢gories of the Stat¢m¢nt of Financial Activities on a basis designed io fleCt the use of the resource. Costs relating to a particular activity ar¢ allocated dir¢ctly, others are apportioned on an appiopriatr b&8iS. eg floor areas. per capita or estimated usagc sel out in notc 4. (d) Tn7)It Fixed Assets and Depre¢i*¢ion Fixed aSL5 ate 5thted at WSL accumulatrd depreciatio Tr costs of minor additions are not capitaliT£d. Depr¢ciation is providcd al rates culated to lte off the cost of each assct over its expeLied useful life as follows: rrcehold land and buildAn8S Fixtures. furnitu aThJ wuipment Nil 200/0 net Ik vue No depreciatio yel h89 been applied to the freehold land and buildings. (e) Fund Aeeounting Unreslricicd Funds represent the funds of the charitable company that are not subjccl to any restn'ctions re8thing thcir use and are available for application on the general pUOSeS of the charitable company. Restricted are thosc fijftds that can ortly bc used for particujar purpses within th¢ objectivcs of the Lharitahle cam)Y. RLstrictions ari8e when 8pecified by Ihe donor or wh¢n fun& are raised for a particular purpx. (fj Debtors Any amounts owing to the chatitable company at 30 November in res of income are Sho as debtor4 if aThl when they arise. (g) Short-Terni Deposits and Calh at Bank Short-tetm deposits inLlude cash held on dep)sit or at the bank. (h) Creditors Creditors are rQgnISl where the charitsble eompgny has a present obligation resulting from a p&st evcnt that will probably result in th¢ transfcr of fijnds to a third paty and th¢ gmount due to settle the obligation Can be measured or estint reliably. {1} Finaneial Instrumen The chitable COTnpany only fin8nci2128sets and fin9nCig1 liabilities of a kind that qua]ify as b&8ic financial instr. Basic financial instruments initially recognis¢d at transaction value and subwuently Measur at their settlement value.
MIDLANDS GOSPEL MIoN (INTERNATIONAL) Page 12 NOTES TO THE FINANCIAL STATEMENTS (coiYTtNUED) FOR THE YEAR ENDED 30 NOVEMBER 2021 DONATIONS AND LEGACIES 2021 Unrestricted Reslrhcted Total Funds Funds Funds 2020 Total Funds Donations Gifl Aid 29,945 17.489 29.945 17,489 28.790 £47.434 £47.434 £28,7 INCOME FROM CHARrrABLF ACV[TRs 2021 Unmtricted Restrlded Totsl Fundj Funds Funds 2020 Total Funds Sunday SclJx)l offering Other incorne 4.008 4,801 4.008 4,801 2,116 £8,809 £8,809 £4,180
MIDLANDS GOSPEL Mt&SlON IINTERNATIONAL) Page 13 OTES TO THE FINANCIAL STATEMENrs (coNriiYuED) FOR THE YEAR EM)ED 30 NOVEMBER 2021 4. (a) ANALYSIS OF EXPENDITURE ON CHARITABLE AcrtVlTILS Chur¢h Actlvllles 2021 Tot*l Fund8 2020 P&8tor Visiting p&stors CJospel and mi&8ion eXpseS SunJ#y Sch()ol and VBS Donations Light and h¢at Repairs and maintenanc¢ Equipment Insurdncc Cleanin8 Telephone Printing and stationery Motor and travel eXlse8 Lcgal and profe&8ional Depreciation Sundries 12J70 1210 8,111 1.228 1,417 876 4,926 1,688 552 124 431 12.370 1,210 8,111 1,228 .417 876 4,926 1,688 552 124 431 144 218 565 254 435 800 12,406 1290 6,412 574 5,145 1,328 4.437 1,116 504 87 390 753 40 1,380 318 13 765 218 565 254 435 800 £35,349 £35,349 £36,958 (b) ANALYSIS OF GOVERNANCE cosrs Governanee Baslj of To¢al Apportlonm¥Dt Professional costs. Exsniiner's costs £8(K) £800 Goveman¢¢
Page 14 MIDLANDS GOSPEL mIoN IRNATIoNAL) NOTES TO THE FINANCIAL STATEMENTS (CONfINUED) FOR THE YEAR ENDED 30 NOVEMBER 2021 STAFF COSTS AND NUMBFRS 2021 2020 Wages and saiari¢s £12.370 £12,406 DurAn8 tILe year the ¢haritable company employed a p&stor. No onc earned mor¢ than £60,000 pcr The average number of employees during th¢ year w&s I121Y20- 1). TANGtBI.E FIXF.D AETs Freehold Fixture Land & Furnlture & Buildings Equipment Total Cost At l Decemkn 2020 107296 5,652 112.948 At 30 Novernr 2021 107296 5,652 112,948 Depreciation At l December 2020 Charge for the year 4,381 254 4,381 254 AI 30 Novembcr 2021 4,635 4,635 Net Book Valu£9 At 30 November 2021 £107296 £1,017 £108,313 At 30 Nov¢mbcr 2020 £107296 £1271 £108,567
MIDLANDS GOSPEL MISSION (INfERNATIONAL) Page 15 NOTES TO THE NANCIAL STATEMENrs (coNrINUED) FOR THE YEAR EM)ED 30 NOVEMBER2021 CREDITORS: Amounts f*lliDS due within on¢ y¢ar 2021 2020 ACenlS 3.425 2,625 £3.425 £2,625 ANALYSIS OF NET ASSETS BETWEEN FUNDS 2021 Unrestrkted Restricted Total Funds Funds Fund8 2020 Total Funds Tangible fixed assets C&8h at bank and in hand Current liabilities 1,017 08.113 (3,425) 107,296 108,313 108,567 68.113 46.161 (3,425) (2,625) Fund balances at 30 NoveM1r 2021 £65.705 £107.296 £173,001 £152,103
MIDWtkS GOSPEL MtSSlON ONfERNATtONAL) Page 16 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2021 ANALYSIS OF MOVEMENTS IN FtINDS AIYD FUND DETAII Ai Incomlng Oulgolng At 01.1220 Re8ourees Resour¢eJ 30.11.21 Unrestricted Funds H,807 56247 35,349 65,705 Total Unrestrirted FuDdJ 44,807 56,247 35,349 65,705 Restrieted Funds Building fund 107296 107296 TotAI Restricted Ftsnd8 107296 107,296 Tot41 Fund8 £152.103 £56,247 £35.349 £173,(K)I Unrestrilted Funds I'hese a fidS which the charilable eomp8ny is free to spend on any of its activtties. The trustees can d¢si8natc un¢t fi[15 for a particular putws¢. Restrided Funds These arc funds which the eharitsble company ¢an only stthd on a purpose detenningj by the terms on which the fund is reIVed. The building fund wag 5CIfiCallY for the purchase of the firehold proFerty at 2 Norwich Ro Worcestcr.
MIDLAM)S GOSPEL MISSION (INfERNATtONAL) Page 17 NOTES TO THE FINAIYCIAL STATEMENTS (CONfiNUED) FOR THF YEAR ENDED 30 NOVEMBFR 2021 10. TRUSTEES, REIk[UNTl0N AND EXPENSES Remunerdtion w&q paid to one InL8tee {S ManIthott who is the pastor) of £12,370 (2020 - £12,406). I I. STATIJS The charitable company is limit¢d by 8uaran*e.