2021-08-31-accounts - The Fellowship Of Independent Evangelical Churches

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CONTENTS	Page
Report ofthe Trust Board	1'to9
Report ofthe Auditors	10tO 12
Statement ofFinancial Activities
Balance Sheet	14
Statement ofCash Flows	15
Notes tothe Financial Statements	16to 25

wing. Trust Board Member ort were:	s who served as trustees	during the period and up to the d	during the period and up to the d	ate of approval
Colin Adams (appointed z"	December 2021)	Michael Kendall (Chair)
Jonathan Bond (resigned z" February zozz)		Mark Lawrence
Peter Campbell (appointed	z" December zozz)	Gareth Lewis
Timothy Diaper (appointed	z~ December zozo)	Alan McKnight (resigned z" December zozz)
Julian Hardyman		Paul Mallard
Michael Hitchings (appointed z~December zozz)		John Russell
William James		Peter Walkingshaw	(resigned	z" December
lan Jones (Vice-Chair)		zon.)

Forthe year ended 31A	ugust	2o21
				2021			2020
			Unrestricted	Restricted		Total	Total
		Note	F		E	/s	E
Income and endowments	from:
Donations and legacies:
Donations			920,564	147,608		1,068,172	1,141,335
Grants				626,570		626,5?o
Investments			11/105		510	11,615	14,380
Charitable activities:
Courses and conferences			1,62g			1/629	185/457
Publications and literature			2,798			2,798	6,756
Others			806			866	~868
Total income and endowments			0 02		688	1 2 0	~14,~80
Expenditure on:
Charitable activities:
Support to churches		9	450 018		1/793	451,811	744/190
Training and information		10	281/355	190/455		471,810	637,426
Outreach			42,88o	8,495		51/3?5	So4,994
Grants and gifts		12					6o
Representation on and support		of
other evangelical organisations		13	39/221			39/221	411502
Development					6 2	6 2	~22 8
Total expenditure			81	21	8	102 8	~22 6
Net income/(expenditure)			137/428	560/303		697/731	(816/349)
Transfers between funds			3,26o	(3,26o)
Net movement in funds	before
revaluations and investment		disposals	140,688	557,043		697,731	{816,349)
Net gains/(losses) on investments
Net movement in funds			140/688	557/043		6g?,731	(816/349)
Fund balances brought forward			1/209/939	74	/53	/95 /47
Fund balances carried forward

					2021		2020
			Note
Fixed assets
Tangible fixed assets held
for charity use			17		9»s490			916564
Loans					~on 0		~on 0
					93S,49o			965,564
Current assets
Stocks				10,563		12s054
Debtors			18	36,405		35s719
Short term deposits				1r110s092		759r142
Cash at bank and in	hand			~8~22 3		~das	aa
				1s739r333		1,428,397
Creditors: Amounts	falling due
within one year			19	621
Net current assets					~10(~12			8~~0
Total assets less current		liabilities			2,648,2o2		2s350s471
Creditors: Amounts	falling due
after one year			20					00000
Net assets
Funds
Restricted			21		1s297y575			740s532
Unrestricted					~10~62		1~20~39
Tota Icharity funds					~z6 8 aoa		~1~1
The financial statements signed on their beha		were aPProved	and authorised	for issue by	the Trust Board on	Pyr	OP(	aoaa and

Statement ofCash Flows
Forthe year ended 31.August	2o21
						2021		2020
Cash flows from operating activities
Cash generated from/(absorbed	by) operations:
Income forthe year						697,731		(816,349)
Adjustment for:
investment income recognised	in	statement offinancial			activities	(11,61.5)		(14,38o)
Depreciation						18,032		20,883
(Gain)/loss on disposal oftangible		fixed	assets					(63,035)
Movementsin working capital:
(Increase)/decrease in stocks						1/491		32
(Increase)/decrease in debtors Increase/(decrease) in creditors						(686) ~1~86		6,286 ~10~1
						69i/084		(g71,o78)
Investing activities
Purchase oftangible fixed assets					(2,958)		(1,912)
Proceeds on disposal offixed assets							279,670
Repayment ofloans from churches Interest and investment income					12,000 ~1161		25,879 ~180
Net cash generated from/(used		in) investing		activities		20/657		318,o17
Financing activities
Repayment ofloans					oo ooo
Net cash generated from/(used		in)financing		activities		(4oo,ooo)
Cash and cash equivalents at beginning			ofthe	year		80 61		zo:~68
Cash and cash equivalents at end ofyear						1~62 ~6

Income from Donations	Income from Donations	Unrestricted	Restricted	Total	Total
		funds	funds	2021	2020
				E	E
Donations	—Churches	815,66z	93I131	9o8,793	844,233
	—Partners	46,934	5zi373	99I307	zzgi 155
	—IndividuaIs/other	42I391	2,104	44i495	1.67,947
Legacies				~15ZZ F3~

Income	from grants		Unrestricted	Restricted	Total	Total
			funds	funds	202'	2020
			lE	IE	E
Grants	- trusts			6~25Zo	~z+SZo
Income	from investments		Unrestricted	Restricted	Total	Total
			furl ds	funds	2021	2020
			E	E		E
Interest	and investment	income

Income from courses and	Unrestricted	Restricted	Total	Total
conferences	funds	funds	2021	2020
	E	E	E	E
Course and conference fees	1.,854		1854	16,934
Leaders Conference			~zz	~&68 2

Income from publications	Income from publications	Unrestricted	Restricted	Total	Total
literature		fuflds	funds	2021	2020
		E	lE		E
Primer		z,7g8		z,7g8	6,753
Saleofpublications	and literature
		8

8	Other income	Unrestricted	Unrestricted	Restricted	Total	Total
		funds		funds	2021	2020
		e		E
	Gain on disposal offixed assets					63,o35
	Job Retention Scheme grants Otherincome	5,348 ~8			5,348 ~8	23,841
		~o			o
	In 2020 all ofthe above income was attributable to unrestricted		funds.
g	Expenditure on support	Unrestricted		Restricted	Total	Total
	to churches	funds		funds	2021	2020
						S
	Care and recognition ofchurches	53,096		28g	53,385	55/602
	Preaching &Church Visits	78,518			78,518	82,752
	Information 8 Support	92 181		517	g2,6g8	108456
	Leaders Conference	26 543			26 543	180,7go
	Theologica! Advice	182			182
	Womens' ministry	81,87o			81,87o	63,431
	London Team					1,116
	Administering church records	2o,588		156	20/744	25/315
	Pastor's Network	33,65o		485	34/135	41/414
	Pastoral care and support Church Revitalisation	57,894 018		346	58,24o ~6 ~111	58,oo4 ~11 10 ~1

Expenditure on training	Expenditure on training	Unrestricted	Restricted	Total	Total
and information		funds	funds	2021	2020
			E	E
Together magazine					21,528
Primer		17176		17,276	19/086
Media &Publicity		116,717		116,717	100869
Training Information,	advice
&support		91168		91/168	101/270
Church advice line			5,000	5,000	30,000
Website 8 Database	support	4.3,8o7		43,8o7	42/937
Hub Conference		6,o56		6,o56	22/002
Training Fund grants Other Conferences		~61	185/455	185,455 ~6	293/116 6 618
		m355

Expenditure on outreach	Expenditure on outreach	Unrestricted	Restricted	Total	Total
		funds	funds	2021	2020
		JE	e		e
Mission Information Mission projects and	&Support teams	38,699 ~181	8,496	47I194 ~181	796,7o3 ~82

Expenditure	on grants and gifts	Unrestricted	Restricted	Total	Total
		funds	funds	202X	2020
		JE	E
Benevolent	gifts
6rants and	gifts from restricted funds were comprised as follows:
o(zo2o:1)individual					6o

Expenditure	on	representation
and support	of	other	Unrestricted	Restricted	Total	Total
Evangelical	organisations		funds	funds	202X	2020
			E	E		e
Representation		on other bodies	12,186		12186	13,287
Support ofAffinity			~20		~20	~28 21

Total resources expended	Total resources expended	2021	2020	2020
		F		E.
Total resources expended includes:
Depreciation		18,o3z	zo,	883
Auditors' remuneration	—for audit services
Total staff costs comprise:
Salary costs		524,483	5ooI	554
Social security Pension contributions	{including income protection cover)	45i»5 ~6	42,171 ~8o
			~8

Transfers	between funds
Transfers	represent the following:
Between	Restricted and Unrestricted Funds:
Transfer	from Development Fund tothe General Fund
Between	Unrestricted Funds:
Transfer	from the General Fund tothe Capital	Fund
Between	Restricted Funds:
Transfer	from the Mission Fund tothe Training	Fund

Analysis ofsupport costs
Support costs include the following:
Accounting and payroll administration							19/017
Information technology							26,734
Governance							~806
							~2
These costs are analysed over the various activities ofthe		Fellowship
based on the time spent by members	ofthe administrative	staff:
Church Support
Training and information
Mission and Church Planting							5.5o%
Representation on other evangelical	organisations						3.1
Others							28%
Tangible fixed assets			Freehold		Fixtures		Total
			Land		Furniture
			and		and
			Buildings		Equipment
Cost				e		E
At1September 2020			903I904		64,764		968,668
Additions					~2		~2959.
			903I904		67,723		971,627
Disposals
At 31Aug Us't 2021							~16~2
Depreciation
At 1September 2o2o			24,888		37'217		52I105
Charge forthe year					~10	88	~180 2
			22I332		47,8o5		70'137
Disposals At 31August 2021			~22	2	~80
Net book value
At 31AUgUst 2021					~118
At 31August 2o2o					~2

18	Debtors						2022	2020
							e
	Other debtors						684	776
	Prepayments and	accrued income					35J21
1g	Creditors: due within one year						2021	2020
							E	E
	Taxation and social security						13,118	19,569
	Deferred income Accruals						11./580 ~2 ~c/621	6,389 ~12 ~o
	All deferred income is released into income in the			following	year.
zo	Creditors: due after one year
								2020
								E
	Loans payable other than by instalments due in z —5years
z1	Restricted funds		Balance				Transfers 8	Balance
			at	incoming		Resources	investment	at
			OX.09.20	resources		expended	gains	31.08.zz
			E				/e	E
	Benevolent fund		56	2,000				Z,o56
	Mission fund		133,830	644,702		7,g88	(z7z, ooo)	498,544
	Dalling memorial	fund	24/7»					24/701
	Philip Henmantrustfund		121/205					121/205
	Advice Line		5&ooo			5,000
	Scottish Legacy	fund	23/373					23/373
	Development fund		23,g66			13,642	(3,26o)	7,o64
	FIEC loan fund		98/955	510				99,465
	Training fund		169,801	1z7,476		185,455	272/ooo	383,822
	Connect for growth		6,z33					6,233
	Property funds Office property fund		~13~12					~11112