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2020-12-31-accounts

Charity informatio informatio n
Company Nou 00193144
Registered Charity No: 1164474
Principal address 251 Lewisharn
Way, London		 SE4 IXF
President Mr. David
Mills MBE
Mission Director Mr John McLernon
Trustees Rev. Neil Barber (resigned 21 May 2020)
Mrs. Sue Bennett (Deceased)
Rev. Stephen Boon
Rev. Alastair Donaldson
Rev. John Hamilton Chairman
Rev. Timothy Houghton
Ms.
Deborah
Kelly
Rev. Les Jesudason
Mrs. Alison
Miller
Rev. Philip Parker (resigned 17June 2021)
Miss Alex Weston
lVlr.
Nick Winther		 Treasurer
General Synod Rev. Mark Lucas General Synod representative Co-opted
The Mission Director and General Synod representative are non-voting members ofthe Board ofTrustees. Other senior
staff present by invitation.
Bankers Lloyds TSBBank Pic. I Butler Place, PO Box 132Coxton Street, London SWI H OPR
Allied
Irish Bank, 40-42 Ranelagh,
Dublin		 6 Republic of Ireland
Danske Bank, Donegall Square
North,		 Belfast. Northern Ireland
Independent Auditor Mazars
LLP, 2» Floor, 6Sutton Plaza. Sutton Court Road,		 Suffon SMI 4FS
Solicitors Lewis Sr Dick, 443 Kingston Road Ewell, Surrey KTI9 ODG
Investment Manager Brewin Dolphin Secunties Limited,
12Smithfield		 Street, London
EC IA 9BD

2020 2019
Notes Unrestricted Restricted Total Total
8 s
Income
Donations and legaaes 3,129,336 397,501 3,526.837 4.028,272
Investment
incame		 10,849 905 11,754 13,653
Other income 57,524 57,524 217,222
Total Income 3,197,709 398,406 3,596,115 4,259,147
Expenditure
Cost of Raising Funds 140,799 140,799 154,435
Charitable
activities		 3,034,235 419,751 3.453.986 3,759.855
Total Expenditure 3,175,034 419,751 3,594,785 3,914,290
Operating
Surplus/(Deficit)		 22,675 (21,3415) 1.330 344,857
Net gains on investments 10 78.871 8,660 87,531 55,741
Transfers
Transfers between
funds		 (I 1,690) 11.690
Net Movemenl
in funds aser		 transfers 89,856 (995) 88,861 400.598
Gains on revaluation
of properly asset		 777,856 777,856
Gain on revaluation
on investment
property I23,543
Actuarial
loss on defined		 benefit
pension scheme 14 (92,051) (92,051) (107,051)
Actuarial
gain on unfunded		 pension
scheme 14 14,924 14,924 62,586
Net Movement
of funds		 790,585 (995) 789,590 479,676
Reconciliation
ot funds
Total funds brought
forward		 15, 16 1,500,001 418,255 1,918,256 1,438.580
Total funds earned forward 15, 16 2,290,586 417,260 2,707,846 1.918,256

Balance sheet a t 31 December 2 020
Notes 2020 2019
Fixed assets
Tangible
fixed assets		 2,566,900 1,822,034
Investments 10 1,013,472 921,872
3,580,372 2,743,906
Current assets
Debtors ll 332,270 380,171
Investments 12 484,974 493,514
Cash at bank & In hand 21 234.549 458.675
1,051,793 1,332,360
Creditors- Amounts falling due within one year 13 (106,319) (177,710)
Net current Assets 945,474 1,154,650
Total assets less current liabilities 4.525.846 3,898,556
Creditors failing due after more than one year
Provision for Unfunded Pension 14 (741,000) (811,300)
Provision for C of 5scheme 14 (1,077,000) (1,169,000)
Net assets 2,707,846 1,918,256
Funds
Restricted 15 417,260 418,255
Unrestncted 16 2,290,586 1,500.001
2,707,846 1,918.256

Statement ofca s h flows for the year h flows for the year ended 31 December 2020
Notes 2020 2019
5
Net cash (outflow)/inflow
operating
activities		 from 20 (236,559) 109,333
Returns on investments and servicing of
finance
Investment
Income		 11,754 13,653
Net cash inflow from returns on investments
servicing offinance		 & 11,754 13,653
Capital expenditure
&financial
investment
Disposal of investments 76.444 348,568
Disposal of fixed Assets 161,992
Revaluation
ofInvestment		 Asset 8,540
Movement
in Cash		 393.145
Purchase of fixed assets (3,792) (9,819)
Purchase of investments (473,658) (325,049)
Cash (outflow)/inflow
for
&financial
investment		 capital expenditure 679 175,692
(Decrease)/Increase
in		 cash 21 (224,126) 298,678

Unrestricted Restricted 2020 2019
Total Total
s s
Donations from Individuals 1,709,607 218,053 1,927,660 2,244,237
Donations from Churches 958,715 163,448 1,122,163 1,145,424
Legacies 286,039 286,039 283,798
Donations from Trusts 174,975 16,000 190,975 354,813
3,129,336 397,501 3,526,837 4,028,272

for the
ear ended		 31 Decem ber 2020 Contin ued
3 Investment
Income
Unrestricted Restricted 2020 2019
Total Total
s s
Rental income 6,439
IJKStnr k Exr:.hange dividends ITI,849 905 11,754 7,214
Interest received on cash held as
part of investment porlfolio
10,849 905 11,754 13,653
4 Costs ot raising funds
Mission 2020 2019
Partnership Ireland
Team
Total Total
s
Salaries and pension 88261 38,189 I26,450 129,489
Mission Travel 592 7 599 7,101
Magazines
&literature		 I2,624 666 I3,290 15,280
Other costs 433 27 460 2,565
10'1,910 38.889 140.799 154,435
The above costs are an estimate of the contribution
the		 Mission Partnerships team and the Ireland team
makes to the raising of funds and isa percentage
ofthese		 two teams' costs.
5 Charitable
activities
Admin costs 2020 2019
Direct costs (Note 7) Total Total
s s s s
Mission Partners and Associates 2.271,767 129,229 2,400,996 2.600,771
Short-term
programmes		 (Teams &
Individuals),
camps		 131,'149 7,460 138,609 I24,031
Projects and grants(Note 6) 203,428 11,572 215,000 254,031
Study Partners and SBT's 93,201 5,302 98.503 117,869
Building
Partnerships		 568,536 32,342 600,878 663,153
3,268,081 185,905 3,453,986 3,759,855

Permanent Projects
Ethiopia Nekemte school for the deaf 37,262
France/Belgium/Germany Interaction 12,985
Gambia Gambia Smile House 3,021
53,268

Crosslinks Indigenous Projects (Grants)
Latvia Pardaugava,
reformed		 Church 24,719
Serbia Project Timothy 17,719
Rwanda Discipling the Next Generation 16,794
Kenya Gracepoint
Youth Worker		 15,214
Kenya Marsabit
Youth Worker		 11,373
Nigeria Abuja Bible College 10,436
India Education
for Liberation		 10,207
Cuba Equipo Impacto 7,894
Chile ICR Vitacura
Replant		 6,849
Zambia Proclamation
Institute Zambia		 6,794
Pakistan Zarepath
Bible College		 5,246
Kenya IServe Africa 4,371
Ethiopia Indigenous
Evangelism		 and Renewal 3,391
Chile Ceron, Cnstobal 2,847
Nigeria Iwuagwu,
Ezech		 2,103
145,957
Others 3,347
202,572
202,572
(In addition to the support of Mission Partners and Associate Mission Partners, the following payments
were
made
in 2020 for project activities		 listed below, all covered by designated income.
Associate Mission Partners Projects
South Africa Buchanan,
Hope Church		 50,746
Thailand Hume. The Centre 7,373
58,119
Mission Partners Projects E
Italy Oden, Gospel Worker 29,510
Gambia Algeo, Bible School Building 27,417
Ethiopia Maunsell, Hazel Literature Ministry 23,713
Argentina Walker, Jony and Jenny Bertin 16,108
Italy Aranzulia,
Project Fund		 11,046
Sweden Watson, Equiped Sweden 10,299
Kenya Mahiani —StJulians 7,535
Gambia Algeo —Sow Student Fund 6,656
SE Asia Watkinson
SBTSupport Fund		 5.105
Uganda ~owles, UMS Ministry 5.065
Kenya Mwangi —TransformD 3,819
Uganda Howles,
UMS Building		 3,219
South Africa Williamson,
Hillbrow Gospel Worker		 2,816
152,308
Schools ot Biblical Training
Uganda Uganda
UMS		 8,968
8,968
BEST
Kenya Kimani, Peter Njoroge SP 9,027
Kenya Cyprian,
Patrick Bundi		 6,995
Tanzania Danford,
Emanuel		 5,186
Moldova Chisari. Mihai 3,794

Zambia Mbewe, Naomi 3,748
DR Congo Mbolela, Michee 2,813
Zimbabwe Chipurupuru.
Wilma		 2,527
Zambia Hanjalika,
Clemore		 2,452
Suulli
Airl&		 u Mgwebi,
Mlliulliuzeli		 SP 2,423
South Africa Mhlenti,
Mziwanele		 2,388
South Africa Mlambo,
Nkosingiphile		 2,212
Namibia Olles, Wilko 2,212
South Africa Sims, Quentin 2,212
South Africa Kleinhans,
David		 2,212
Zambia Mumbl, Cecilia SP 2,2 i0
Togo Gmabe, Daniel SP 2,192
Kenya Wathituni.
Benjamin		 Kibara 2,182
Argentina Tolley, Jacqueline SP 2,122
Chile Aguilera,
Pablo		 2.035
Chile Perez. Cristian 2,011
Tanzania Chandugu,
Rehema		 SP 1,994
Kenya Nyongesa,
Fidel		 1.692
South Africa Yiege, David 1,527
Rwanda Manirafasha.
Innocent		 SP 1,520
Hungary Toth, Krisztian 1,132
Tanzania Kasyome, Zerida 1,128
71,946
Others
Payments of BI000 or less 9,676
301,017
7 Administration costs allocation
Mission Mission Irel and 2020 2019
Personnel The Hub Partnership Te am Admin Admin
Team Team Costs Costs
s s s
Salaries and pensions 294,996 196,174 220,652 190,947 902,769 992,825
Office expenses &other costs 7,779 177,135 2,562 13,505 200,981 217,679
Governance Costs 12,647 12,647 18,815
Communication costs 31,560 37 31,597 41,783
Total Expenditure by Teams 302,775 385,956 254,774 204,489 1,147,994 1,271,102
Less: Costs of raising funds
(Note 4) (101,910) (38.889) (140.799) (154,435)
Less Costs relating to Building
Partnerships (242,220) (77,191) (127,387) (121,737) (568,536) (624,449)
Less Central Support Fees (252,755) (252,755) (272,779)
Total Administration Costs 60,555 56,010 25,477 43,862 185,905 219,439
aft costs
2020 2019
s s
Salaries 705,446 779,143
Social security costs 72,112 77,434
Pension contributions (Cof E) 125,211 136.248
902.769 992,825
Staff numbers 2020 2019
Full time Part time Full time Part time
Partnership 4 6
Personnel 5 I 5
Ireland 2 2 4
Hub 7 5
18 3 20

whose Employee
benefits total 828
ed assets		 0,909(2019:8284.028).
Freehold Furniture and
properly equipment Total
Cost or valuation s 8 s
At I January
2020		 1.944,031 44,486 1,988,517
Additions 3,792 3,792
Revaluation 777,856 777.856
At 31 December 2020 2,721,887 48,278 2,770,165
Depreciation
At I January 2020 138,106 28,377 166,483
Charge for the year 28,781 8,001 36,782
At 31 December 2020 166,887 36.378 203,265
Net book value
At 31 December 2020 2.555,000 11,900 2,566,900
At 31 December 2019 1,805,925 16,109 1,822.034

he year ended 31 Decem ber 2020 ( continued)
Investments
2020 2019
Market Market
Cost
s		 value
s		 Costs value
s
Listed on the Stock Exchange 882,348 1,001,673 454,160 516,928
Cash held as part ofthe investment portfolio 10,050 10,050 404,944 404,944
Cash Held in Charities Official Investment Fund 1,749 1,749
894,147 1,013,472 859,104 921.872
Movement in Investments during the year
2020 2019
Value at I January 921,872 512,311
Additions of listed investments 473,658 325,049
Disposals of listed investments (76,444) (348,568)
Movement in cash (393,145) 161,173
Loss on investments 87,531 55,741
Disposal of Property 216,166
Value at 31 December 1,013472 921,872
Included
in th
portfolios.		 e portfolio is t he following
investment
which represen		 ts
more than 5% ofthe total		 value ofthe value ofthe
2020 2019
Market value Market Value
s s
Baillie Gifford American WI DIS 75,848
Vanguard
inv		 UK LT LIS Equity IDX 69,277
11 Debtors
2020 2019
s
Accrued Income 300,031 236,340
Prepayments 30.346 143,442
Other debtors 1.893 389
332,270 380, 171
Accrued income includes legacies ofSI91K(2019:$1 IBK).
12 Current Asset - Investment
Properly held for sale
Valuation s
At
I January		 2020 493.514
Revaluation
of Investment		 Property (8,540)
At 31 December 2020 484,974

2020 2019
S S
21,691 27,533
84,628 150,177
106,319 177,710

The com bined ove rall
liability		 ofthe two c losed Defined sch emes decrease d
by 896.000 in th		 e year.
2020 2019
C of E pension Liability at I January 1,169,000 1,246,000
Payment in the year (184,051) (184,051)
Increase in Liability at Triennial Valuation 88,051 107,051
CEFPS 4,000
1,077,000 1,169.000
15 Restricted funds
Mission Associate
Partner Mission
Karamoja Projects Partners Total
S S S S
Funds at I January 2020 82,283 116,256 219,716 418,255
Income 2,199 136,187 260.020 398,406
Expenditure (774) (96,160) (322,817) (419,751)
Loss on investment 8,660 8,660
Transfers between funds 12,989 (1,299) 11,690
Balance as at 31 December 2020 92,368 169,272 155,620 417,260

for
16		 the year ended 31
Unrestricted
funds		 Dec e mber 2020 (cont inued)
2020 2019
Funds at I January 1500,001 1,124,176
Income 3,197,709 3,645,094
Expenditure (3.I75,034) (3.395,431)
Asset revaluation(Property) 777,856 I23,543
Gain on investments 78,871 47,084
Revaluation
in unfunded		 pension liability 14,924 62,586
C of E Pension revaluation (92,051) (107.051)
Transfer between
funds		 (11,690)
Funds at 31 December 2,290,586 1,500,001
17 Allocation ot net assets between funds
Restricted Unrestricted 2020 2019
Total Total
5
Tangible fixed assets 2,566,900 2,566,900 1,822,034
Investments 92,368 921,104 1,013,472 921,872
Net current assets 324,892 620,582 945,474 1,154,650
Unfunded
Pension
Provision		 (741,000) (741,000) (811,300)
C of E Provision (1,077,000) (1,077,000) (1,169,000)
Total funds at 31 December 2020 417,260 2,290,586 2,707,846 1,918,256
18 Other Financial Commitments
2020 2019
5
Operating
leases
Expires within 2-5years 904 904

2020 2019
5
Net income before other recognised gains and transfers ee,86i 400,599
Investment
(gain)		 (87,531) (55,742)
Investment
income		 (11,754) (I3,653)
(10,424) 331,204
Deprea ation 36,782 42,972
Decrease
in debtors		 47,901 (69,374)
Increase
in creditors		 (71.391) 52,196
Pension payment for CofE scheme (184,051) (184,051)
Pension payment for unfunded liability (55,376) (63,614)
Net cash (outflow)/ inflow from operating activities (236,559) (109,333)

e year ended 31 December 20
ovement
in Cash		 20 (continued)
2020 2019
At 01 January 455,675 159,997
Movement (224, 12I5) 298,678
At 31 0ecember 234,549 455,675