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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|
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|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.)|||
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|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||||||||
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||||||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|
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|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|||
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|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|||||
|6|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|
|7|Income from publications|Income from publications|and|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
||literature|||fuflds|funds|2021|2020|
|||||E|lE||E|
||Primer|||z,7g8||z,7g8|6,753|
||Saleofpublications|and literature||||||
|||||8||||
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|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|
|1o|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||||
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|n.|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|
|12|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|
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|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|
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|16|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|||
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|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|
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