## 



## 

|Company|No.:|00193144||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Registered|Charity No:|1164474||||||||||||
|Principal address||251 Lewisham<br>Way.|London SE4 1XF|||||||||||
|President||Mr, David<br>Mills MBE||||||||||||
|Mission Director||Mr John McLernon||||||||||||
|Trustees||Ms.<br>Sue Bennett|||(Died 08 May 2021)|||||||||
|||Rev. Stephen Boon|||Chairman|(Appointed|22June||2021)|||||
|||Mr.<br>Jonny Burgess|||Joined 17September||2021(Resigned||||11|February|2Q22)|
|||Rev, Alistair Donaldson|||(Resigned|29June 2021)||||||||
|||Rev. John Hamilton|||(Resigned|22June 2021)||||||||
|||Rev. Timothy Houghton||||||||||||
|||Rev. LesJesudason||||||||||||
|||Rev, Nick Jones|||Joined 22|June 2021||||||||
|||Ms.<br>Deborah<br>Kelly||||||||||||
|||Mrs. Alison<br>Miller||||||||||||
|||Rev. Philip Parker|||(Resigned|17June 2021)||||||||
|||Mr.<br>Mark Walkington|||Joined 17June 2021|||||||||
|||Miss Alex Weston||||||||||||
|||Mr,<br>Nick Winther|||Treasurer|||||||||
|General Synod||Rev. Mark Lucas|||General Synod representative||||Co-opted|||until 08Oct 2Q21||
|The Mission|Director and|General Synod representative||are non-voting||members|ofthe Board ofTrustees. Other senior|||||||
|staff present|by invitation.|||||||||||||
|Bankers||Lloyds TSBBank Pic,|1 Butler||Place, PO Box 132Coxton Street,|||||Iondon||SW1 H QPR||
|||Allied<br>Irish Bank, 40-42 Ranelagh,<br>Dublin||||6 Republic|of Ireland|||||||
|||Danske Bank, Donegall Square<br>North, Belfast. Northern||||||Ireland||||||
|Independent|Auditor|Mazars<br>LLP, 2N' Floor,|6Sutton Plaza, Sutton Court Road,|||||Sutton, Surrey||||SMl 4FS||
|Solicitors||Lewis &Dick, 443 Kingston||Road Ewell. Surrey<br>KT19ODG||||||||||
|Investment|Manager|Brewin Dolphin Securities||Limited,<br>12Smithfield<br>Street, London||||||EC1A|9BD|||





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||||||2021|2020|
|---|---|---|---|---|---|---|
|||Notes|Unrestricted|Restricted|Total|Total|
||||||Il|S|
|Income|||||||
|Donations and legacies|||3,330,267|399,222|3.729,489|3,526,837|
|Investment<br>income|||16,738|823|17,561|11,754|
|Other income||||||57,524|
|Total Income|||3,347,005|400,045|3,747,050|3,596,115|
|Expenditure|||||||
|Cost of Raising Funds|||130A75||130,475|140,799|
|Charitable<br>activities|||2,932,091|395,378|3,327,469|3,453,986|
|Total Expenditure|||3,062,566|395,378|3,457,944|3,594,785|
|Operating<br>Surplus|||284,439|4,667|289,106|1,330|
|Net gains on investments|||96,765|6,566|103,331|87,531|
|Transfers|||||||
|Transfers between<br>funds|||7,149|(7,149)|||
|Net Movement<br>in funds after transfers|||388,353|4,084|392,437|88,861|
|(Loss)(gains on revaluation|of property||||||
|asset||9|(90,000)||(90,000)|777,856|
|Loss on Sale of Investment|Property|10|(28,660)||(28,660)||
|Actuarial<br>gain/(loss)<br>on defined|||||||
|benefit pension scheme||14|44,000||44.000|(92,051)|
|Actuarial<br>(loss)lgain<br>on unfunded|||||||
|pension scheme||14|(35,474)||(35,474)|14,924|
|Net Movement ot funds|||278,219|4.084|282.303|789,590|
|Reconciliation<br>of funds|||||||
|Total funds brought<br>forward||15, 16|2,290,586|417,260|2,707,846|1,918,256|
|Total funds carried forward||15,16|2,568,805|421,344|2,990,149|2,707,846|





## 

|||||Notes|2021||2020||
|---|---|---|---|---|---|---|---|---|
|Fixed assets|||||||||
|Tangible<br>fixed assets|||||3,136,871||2,566,900||
|Investments|||||718.464||1,013,472||
|||||||3,855,335||3,580,372|
|Current assets|||||||||
|Debtors||||12|569,334||332,270||
|Investments|(Properties)|||10|||484,974||
|Cash at bank & in hand||||21|256,585||234,549||
||||||825,919||1,051,793||
|Creditors —Amounts||falling due within one year||13|(88,105)||(106,319)||
|Net current Assets||||||737,814||945,474|
|Total assets|less current||liabilities|||4,593,149||4,525,846|
|Creditors falling due||after mors than one year|||||||
|Provision<br>for|Unfunded||Pension|14||(722,000)||(741,000)|
|Provision<br>for|C of Escheme|||14||(881,000)||(1,077,000)|
|Net assets||||||2,990,149||2,707,846|
|Funds|||||||||
|Restricted||||15||421,344||417,260|
|Unrestricted||||E6||2,568,805||2,290.586|
|||||||2,990,149||2,707,846|





## 

||||Notes|Notes|2021||2020||
|---|---|---|---|---|---|---|---|---|
||||||||S||
|Net cash (outflow) from <br>activities||operating||20||(135,437)||(236,559)|
|Returns on investments||and servicing of|||||||
|finance|||||||||
|Investment<br>Income|||||17,561||11,754||
|Net cash inflow from returns on investments||||&|||||
|servicing offinance||||||I 7,561||11,754|
|Capital expenditure<br>&financial|||||||||
|investment|||||||||
|Disposal of investments|||||408,298||76,444||
|Sale of Investment<br>Asset|||||456,314||8,540||
|Movement<br>in Cash|||||(4,664)||393,145||
|Purchase of fixed assets|||||(714,742)||(3,792)||
|Purchase of investments|||||(5,294)||(473,658)||
|Cash inflow for capital <br>investment|expenditure||&financial|||139,912||679|
|Increase/ (Decrease)|in|cash||21||22,036||(224,126)|





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## 

||||Unrestricted|Restricted|2021|2020|
|---|---|---|---|---|---|---|
||||s||Total|TotalI|
|Donations|from|Individuals|1,630,304|267,704|1,898,008|1,927,660|
|Donations|from|Churches|934,552|131,518|1,066,070|1,122,163|
|Legacies|||586,940||586,940|286,039|
|Donations|from|Trusts|178,471||178,471|190,975|
||||3,330,267|399.222|3.729489|3,526,837|





## 

## 


|e<br>ear|ended 31 Decemb|ended 31 Decemb|er 2021 (Contin|ued)|||
|---|---|---|---|---|---|---|
|Investment|Income||||||
||||Unrestricted|Restricted|2021|2020|
||||||Total|Total|
||||||s||
|Rental income|||6,000||6,000||
|UK Stock Exchange dividends|||10,738||11,561|11,754|
||||16,738||17,561|11,754|
|Costs of raising funds|||||||
||||Mission||2021|2020|
||||Partnership|Ireland|||
||||Team||||
||||||Total|Total|
||||ti',|s|||
|Salaries and||pension|86,846|25,539|112,385|126,450|
|Mission Travel|||770|116|886|599|
|Magazines||&literature|12,169|10|12,179|13,290|
|Other costs|||3,468|1,557|5,025|460|
||||103,253|27,222|130,475|140,799|



## 

|makes to the raising of f|unds and<br>isa|percentage<br>ofthes|e two teams' costs|,||
|---|---|---|---|---|---|
|Charitable<br>activities||||||
||||Admin costs|2021|2020|
|||Direct costsI|(Note 7)<br>s|Total|Total<br>s|
|Mission Partners and Associates||2,215,340|122,578|2,337,918|2,400,996|
|Short-term<br>prograrnmes|(Teams &|||||
|Individuals),<br>camps||96,694|5,350|102,044|138,609|
|Projects and grants (Note 6)||254,527|14,083|268,610|215,000|
|Study Partners and SBT's||94,202|5,212|99,414|98,503|
|Building Partnerships||492,246|27,237|519,483|600,878|
|||3,153,009|I74,460|3,327,469|3,453,986|



|rojects &G|rants—||||
|---|---|---|---|---|
|Permanent|Projects||||
|Ethiopia||Nekemte|school for the deaf|34,346|
|Uganda||Karamoja||21,234|
|France/Belgium/Germany||Interaction||10,668|
|Gambia||Gambia|Smile House|5,141|
|||Others||61|
|||||71,450|





## 

|Projects 8I|Grants - Co|nt'd||||||||
|---|---|---|---|---|---|---|---|---|---|
|Crosslinks|Indigenous|Projects|(Grants)|||||||
|France||||Edward<br>Nelson Memorial|||||29,836|
|Latvia||||Pardaugava,<br>reformed||Church|||18,512|
|Serbia||||Project Timothy|||||17,521|
|Kenya||||Marsabit Youth Worker|||||16,901|
|Rwanda||||Discipling the Next Generation|||||16,264|
|Kenya||||Gracepoint<br>Youth Worker|||||16, I55|
|Nigeria||||Abuja Bible College|||||10,958|
|Chile||||ICR Vitacura<br>Replant|||||10,375|
|India||||Education<br>for Liberation|||||9,438|
|Ethiopia||||Indigenous<br>Evangelism|and||Renewal||8,679|
|Cuba||||Equipo Impacto|||||7,345|
|Pakistan||||Zarepath<br>Bible College|||||5,239|
|Kenya||||IServe Africa|||||5,215|
|South Africa||||Christ Central Soweto|||||4,197|
|Zambia||||Proclamation<br>Institute|Zambia||||3,341|
|Nigeria||||Iwuagwu,<br>Ezech|||||2,109|
||||||||||182,085|
|||||Others|||||992|
||||||||||183,077|
|||||Total Project &Grants|||||254,527|
|Other Project Activities||||||||||
|In addition to the support of Mission Partners and Associate<br>Mission Partners, the following<br>made<br>in 2021 for project activities<br>listed below, all covered by designated<br>income.|||||||||payments<br>were|
|Associate Mission Partners Projects||||||||||
|South Africa||||Buchanan,<br>Hope Church|||||45,623|
|Thailand||||Hume, The Centre|||||7,222|
||||||||||52,845|
|Mission Partners Projects||||||||||
|Italy||||Oden, Gospel Worker|||||20,482|
|Italy||||Oden, Educational|Fund||||14,674|
|Gambia||||Algeo —Sow Student||Fund|||14,233|
|Uganda||||Howles,<br>UMS Building|||||11,899|
|Sweden||||Watson, Equiped Sweden|||||11,476|
|Kenya||||Mahiani —StJulians|||||8,396|
|Argentina||||Walker, Jony and Jenny Bertin|||||8,261|
|SEAsia||||Watkinson<br>SBTSupport||Fund|||6,892|
|Italy||||Aranzulla,<br>Project Fund|||||4,847|
|Kenya||||Mwangi —TransformD|||||3,819|
|Gambia||||Algeo, Bible School|Building||||3438|
|Uganda||||Howles,<br>UMS Ministry|||||2,157|
|South Africa||||Burt, Children's<br>Worker Fund|||||1,001|
||||||||||111,575|
|BEST||||||||||
|Kenya||||Kimani, Peter Njoroge|||||8,206|
|Tanzania||||Mpene. Ezekiel Ayubu|||||6,038|
|Tanzania||||Uisso, Pantaleo|||||6,038|
|Kenya||||Cyprian,<br>Patrick Bundi|||||4,573|
|Tanzania||||Danford,<br>Emanuel|||||4,380|
|Zambia||||Chani,<br>Nokuthula|||||3,746|
|Moldova||||Chisari,<br>Mihai|||||3,600|



## 



## 

|Projects 8r|Gr|ants||—cont'd|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Uganda|||||Ntambi,<br>Derrick|||||||2,814|
|Zimbabwe|||||Chipurupuru,|Wilma||||||2,631|
|Zambia|||||Hanjalika,<br>Clemore|||||||2,617|
|South Africa|||||Mhlenti,<br>Mziwanele|||||||2,556|
|Burundi|||||Nlrnbor&u,<br>Elle|||||||2,483|
|Namibia|||||Olles, Wilko|||||||2,302|
|South Africa|||||Kleinhans,<br>David|||||||2,302|
|Chile|||||Rivera, Diego|||||||2,295|
|Argentina|||||Tolley, Jacqueline|||||||2,245|
|Chile|||||Aguilera,<br>Pablo|||||||2,113|
|Uganda|||||Longok, Samuel|||||||2,074|
|Chile|||||Perez, Cristian|||||||2,016|
|Tanzania|||||Singano, Simon|||||||1,942|
|Togo|||||Gmabe, Daniel|||||||1,732|
|DRCongo|||||Matumbi, Jelesco|||||||1,706|
|Kenya|||||Wathltuni,<br>Benjamin|||Kibara||||1,623|
|Kenya|||||Kahore, Alex Muiruri|||||||1,403|
|Nigeria|||||Jos Evangelical||Theological||Seminary|||1,321|
|South Africa|||||O'Kelly, Matt|||||||1,006|
|||||||||||||75,762|
|Others|||||||||||||
|Payments|of|S1,000 or less||||||||||I3,252|
|||||||||||||253,434|
|Administration||costs allocation|||||||||||
||||||Mission||||Mission|Ireland|2021|2020|
||||||Personnel||The Hub||Partnership|Team|Admin|Admin|
||||||Team||||Team||Casts|Costs|
||||||s||||||||
|Salaries and||pensions|||247,128||157,212||217,114|127,695|749,149|902,769|
|Office expenses|||&other costs||4,443||227,235||10,593|9,265|251,536|200,981|
|Governance||Costs|||||14.140||||14,140|12,647|
|Communication|||costs||||||30,422|50|30,472|31.597|
|Total Expenditure||||by Teams|251,571||398,587||258,129|137,010|1,045,297|1,147,994|
|Less: Costs|of raising funds||||||||||||
|(Note 4)|||||||||(103,253)|(27,222)|(130,475)|(140,799)|
|Less: Costs|relating|||to Building|||||||||
|Partnerships|||||(201,257)||(79,717)||(129,065)|(82,206)|(492,245)|(568,536)|
|Less: Central||Support Fees|||||(248,117)||||(248,117)|(252,754)|
|Total Administration||||Costs|50,314||70,753||25,811|27,582|174,460|185,905|





## 

|aff costs|||||||||
|---|---|---|---|---|---|---|---|---|
|||||2021||2020|||
|Salaries||||582,268||705,446|||
|Social security costs||||59,659||72,|112||
|Pension contributions|(C of E)|||107,222||125,211|||
|||||749,149||902.769|||
|Staff numbers|||2021|||2020|||
|||Full time||Part time|Full time||Part|time|
|Partnership|||||||||
|Personnel|||||||||
|Ireland|||||||||
|Hub|||||||||
|||16||3|18|||3|



## 

## 

|the Operations<br>Manager and the Irel<br>(2020:S280,909).<br>ngible Fixed assets|and team leader whose E|mployee<br>benefits total|9259,341|
|---|---|---|---|
|Cost or valuation|Freehold<br>property<br>s|Furniture<br>and<br>equipment|Total|
|At<br>1 January<br>2021|2,721,887|48,278|2,770,165|
|Prior Year Adjustments|(166,887)||(166,887)|
|At<br>1 January 2021(restated)|2,555,000|48,278|2,603,278|
|Additions|705,000|9,742|714,742|
|W/Offs &Impairments|(90,000)|(14,679)|(104,679)|
|At 31 December 2021|3,170,000|43,341|3,213,341|
|Depreciation||||
|At<br>1 January<br>2021|166,887|36,378|203,265|
|Prior Year Adjustments|(166,887)||(166,887)|
|Charge for the year|46,937|7,833|54,770|
|W/offs||(14,678)|(14,678)|
|At 31 December 2021|46,937|29,533|76,470|
|Net book value||||
|At 31 December<br>2021|3,123,063|13,808|3,136,871|
|At 31 December 2020|2,555,000|11,900|2,566,900|





## 

## 

||||2021|2020|
|---|---|---|---|---|
|At<br>1 January|||484',974|493.514|
|Disposal|||(456,314)||
|Revaluation|of Investment|Property||(8,540)|
|Loss on Sale|||(28,660)||
|At 31 December||||484,974|



||At 31 De|c|ember||||||||484,974|
|---|---|---|---|---|---|---|---|---|---|---|---|
|11|Investments|||||||||||
|||||||||2021|||2020|
|||||||||Market|||Market|
||||||||Cost|value||Cost|value|
||Listed on|the Stock Exchange|||||556,861||702,001<br>882,348||1,001,673|
||Cash held||as part ofthe investment||portfolio||15,199||15,199<br>10,050||10,050|
||Cash Held||in Charities Official Investment|||Fund|1,264||1,264<br>1,749||1,749|
||||||||573,324||718,464<br>894,147||1,013,472|
||Movement||in Investments|during the|year|||||||
|||||||||||2021|2020|
||Value at|1 January||||||||1,013,472|921,872|
||Additions||of listed investments|||||||5,294|473,658|
||Disposals|of listed investments||||||||(408,298)|(76,444)|
||Movement||in cash|||||||4,665|(393.145)|
||Gains on|investments||||||||103,331|87,531|
||Value at|31 December||||||||718.464|1,013,472|
||Included||in the portfolio|are the following||investments|which|represents|more|than 5%ofthe total value of||
||the portfolios.|||||||||||
|||||||||||2021|2020|
||||||||||Market value||Market Value|
||||||||||||s|
||Baillie Gifford American|||WI DIS||||||43,325|75,848|
||Vanguard||Inv UK LT US Equity IDX|||||||80,459|69,277|
|12|Debtors|||||||||||
|||||||||||2021|2020|
||Accrued|Income||||||||568,201|300,031|
||Prepayments|||||||||944|30,346|
||Other debtors|||||||||189|1,893|
|||||||||||569,334|332,270|





## 

|No<br>for|tes to the financial statements<br> the year ended 31 December 2021|(continued)||
|---|---|---|---|
|13|Creditors|||
|||2021|2020|
|||S|S|
||Social Security|18,738|21,691|
||Accrued expenses|69,367|84,628|
|||88,105|106,319|



## 

## 

## 



## 






## 

|||||||||2021||2020|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||S|
|Provision for pensions||at<br>1|January|||||4,000|||
|Payments<br>In the year||||||||(2,000)||(3,000)|
|Remaining<br>charge to||the|Balance Sheet|||||(2,000)||7,000|
|Balance sheet|liability|at 31 December||||||||4,000|
|||||December||2021|December 2020||December 2019||
|Discount rate|||||0,2%||0.2%||1 .10%||
|At 31»December 2021 there was 0 (2020:||||1)member||in the|fund. The legal structure||ofthe scheme<br>is such||
|that ifanother|Responsible||Body fails (Christchurch||Durham),||Crosslinks could become||responsible|forpaying|
|a share ofthat|Responsible||Body's pension|liabilities.|||||||
|The combined|overall|liability ofthe three||closed|Defined schemes decreased|||by S196,000 in the||year.|



|||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
||C of E pension<br>Liability|||at|1 January|||1,077,000|1,169,00Q|
||Payment|in the year||||||(152,000)|(184,051)|
||(Decrease)/increase|||in Liability at Triennial||Valuation||(44,000)|BB,Q51|
||CEFPS||||||||4,000|
|||||||||881,000|1,077,000|
|15|Restricted|funds||||||||
||||||||Mission|Associate||
||||||||Partner|Mission||
|||||||Karamoja|Projects|Partners|Total|
||Funds at|1 January|2021|||92,368|169,272|155,620|417,260|
||Income|||||7,858|118,600|273,587|400,045|
||Expenditure|||||(21,233)|(94,672)|(279,473)|(395,378)|
||Gains on|investment||||6,566|||6,566|
||Transfers|between|funds||||326|(7,475)|(7,149)|
||Balance|as at 31 December 2021||||85,559|193,526|142,259|421,344|





## 

## 

|16|Unrestricted<br>funds|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|2020|
||Funds at<br>1 January|||||||2,290,586|1.500,001|
||Income|||||||3,347,005|3,197,709|
||Expenditure|||||||(3,062,566)|(3, 175,034)|
||Impairment|||||||(90,000)||
||Loss on Sale of asset|||||||(28,660)||
||Asset revaluation(Property)||||||||777,856|
||Gain on investments|||||||96,765|78,871|
||Revaluation<br>in unfunded|pension|||liability|||(35,474)|14,924|
||C of E Pension revaluation<br>Transfer between<br>funds|||||||44,000<br>7,149|(92,051)<br>(11,690)|
||Funds at 31 December|||||||2,568.805|2,290,586|
|17|Allocation<br>ofnet assets between|||funds||||||
|||||||Restricted|Unrestricted|2021|2020|
|||||||||Total|Total|
||Tangible fixed assets||||||3,136,871|3,136,871|2,566,900|
||Investments|||||85,559|632,905|718,464|1,013,472|
||Net current assets|||||335,785|402,029|737,814|945,474|
||Unfunded<br>Pension<br>Provision||||||(722,000)|(722,000)|(741,000)|
||C of E Provision||||||(881,000)|(881,000)|(1,077,000)|
||Total funds at 31 December||2021|||421,344|2,568.805|2,990,149|2,707,846|
|18|Other Financial Commitments|||||||||
|||||||||2021|2020|
||Operating<br>leases|||||||||
||Expires within 2-5years|||||||919|904|





## 

## 

|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|Net income before other recognised|||||gains and transfers|392,437|88,861|
|Investment<br>gains||||||(103,331)|(87.531)|
|Investment<br>income||||||(17,561)|(11,754)|
|||||||271,545|(10,424)|
|Depreciation||||||54,770|36,782|
|Decrease/(Increase)in||debtors||||(237,064)|47,901|
|Decrease<br>in creditors||||||(18,214)|(71,391)|
|Pension payment|for CofE scheme|||||(152,000)|(184,051)|
|Pension payment|for unfunded||liability|||(54,474)|(55,376)|
|Net cash (outflow)|from operating|||activities||(135,437)|(236,559)|



## 

|ovement<br>in Cash|||
|---|---|---|
||2021|2020|
|||tt|
|At 1 January|234,549|458,675|
|Movement|22,036|(224,126)|
|At 31 December|256,585|234,549|





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