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2022-12-31-accounts

Charity registration number 1176433

FRANCE MISSION

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FRANCE MISSION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr R I J Crockford
Mr A P Walter
Ms A W Brusby
Mrs M W Dowling
Rev P M Dowling
Mr J W Scott (Resigned 4 January 2022)
Mr C Russell (Resigned 6 January 2023)
UK Director Dr P R Cooke
Charity number 1176433
Registered office 6 Florida Drive
Exeter
Devon
EX4 5EX
Independent examiner Simpkins Edwards LLP
Michael House
Castle Street
Exeter
Devon
EX4 3LQ
Bankers CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
ME19 4JQ
General advisors Trust Advice
Sovereign Centre
Poplars
Yapton Lane
Walberton
West Sussex
BN18 0AS
Safeguarding advisors Thirtyone:eight
PO Box 133
Swanley
Kent
BR8 7UQ

FRANCE MISSION

CONTENTS

Page
Trustees' report 1 - 4
Statement of trustees' responsibilities 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 17

FRANCE MISSION

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees present their annual report and financial statements for the year ended 31 December 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the CIO's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The objective of the CIO is the advancement of the Christian faith in the UK and in France and elsewhere for the benefit of the public in accordance with the statements of belief appearing in the schedule, particularly but not exclusively by providing financial support for missionaries and pastors, education and training, and church buildings in France that offer services within the community.

The objectives are fulfilled through:

  1. Providing financial support for missionaries and pastors in France and other francophone countries so they can devote themselves to their congregations.

  2. Providing financial help to French churches so that they can offer worship services and community activities in suitable accommodation that will enable members of the public to improve their spiritual wellbeing.

  3. Providing encouragement and information to UK supporters to stimulate their faith.

  4. Providing opportunities to UK supporters to participate first-hand in missionary and practical service, and also to support churches and missionaries in France.

  5. Providing information on the spiritual, social, political, and cultural situation in France so as to stimulate practical support from UK supporters to alleviate needs and enhance social cohesion.

  6. Contributing to the spiritual and moral education of people in the UK through talks, presentations, and provision of information to churches by any appropriate means.

The Trustees confirm that they have referred to the Charity Commission’s guidance on public benefit when reviewing the Trust’s aims and objectives, in planning future activities, and setting the grant-making policy for the year.

The Trustees confirm that they have referred to the Charity Commission’s Governance Code for Smaller Charities.

Nearly all grants made by the CIO go to churches or workers directly connected to its principal mission partner in France: the French church grouping known as “Perspectives”. Occasionally, grants are made to individuals/ institutions with a looser affiliation to Perspectives.

The charity adopted a formal grant-making policy in 2018.

Formal Trustee meetings were held quarterly in 2022: both via videoconference (March, September, December) and in person (June).

Volunteers make an extremely valuable contribution to the work of the CIO. 6 Area Representatives support the UK Director by connecting with local supporters, churches, and Christian festivals. The CIO’s Electronic Communications Co-Ordinator is a Trustee who compiles and distributes a monthly email prayer bulletin in addition to electronic versions of the main paper mailings. The Trustees are all volunteers and invest considerable time in overseeing the CIO’s governance. The wife of one of the British workers supported by the charity in France also provides support on a voluntary basis to students involved in Year Abroad placements in Perspectives churches and/or other evangelical institutions.

FRANCE MISSION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Achievements and performance

In 2022, thanks to the generosity of its supporters, France Mission was able to provide financial assistance totalling £306,721 (2021: £293,520) to 32 (2021: 27) separate churches/institutions/projects and to 49 (2021: 33) different church workers (all based in mainland France).

The news from France continues to be positive in terms of the growth of evangelical Christianity. Figures published at the end of 2021 by the CNEF estimated that there were 745,000 evangelical believers in France – breaking the 1% of total population barrier for the first time since the Reformation. This same report revealed that there were at least 2,700 evangelical churches in France, a figure that means one evangelical church for every 25,000 people in France, thus moving closer to the CNEF’s goal of one church for every 10,000 people. On a modest scale – through committed prayer, financial generosity, and connecting British believers to France through various means – France Mission is playing a part in supporting this growth.

During 2020-2021, French evangelicals had been concerned about the potential impact of new legislation aimed at developing tighter state control over certain types of faith-based organisations. The Law Strengthening Respect for Republican Principles was promulgated in August 2021 and introduced a set of administrative and financial controls that were potentially very burdensome for French evangelical churches. An American non-profit organisation called Impact France therefore launched an appeal to help the CNEF provide appropriate training and legal advice to church leaders grappling with the new legislation. Early in 2022, France Mission launched an allied appeal to make up the shortfall in funding still required and this raised £6,452 which enabled the target to be met, meaning that the CNEF were able to employ a lawyer, arrange training sessions around France, and produce a 72-page practical guide for free download.

In 2022, the CIO started making grants from the Education and Training Fund (ETF) that had been launched in 2021. The first beneficiary was a trainee pastor who was completing the practical side of his training in the Perspectives churches of Cormeilles-en-Parisis and Taverny near Paris. The CIO continues to use the ETF to support a French couple undertaking theological training at the Nogent Bible Institute (sent and supported by a Perspectives church in Nantes); a young Frenchman engaged with student and Perspectives church ministry in Amiens (sent and supported by the Perspectives church in Romorantin, building on a year spent at Bible College); and a young British woman serving as an intern in the Perspectives church in Le Pré-Saint-Gervais. Grants totalling £11,851 were made from the ETF for these five recipients in 2022.

The CIO helped three British undergraduates connect with Perspectives churches for the year-abroad part of their degree in 2022. Two students whose year abroad was significantly affected by Covid (2021-2022) were nonetheless able to spend some time serving at the Perspectives churches in Blois and Nantes respectively. The third student is in the middle of their year abroad (2022-2023) volunteering at one of the Perspectives churches in Strasbourg. France Mission was also able to help a fourth British undergraduate find a role at the Nogent Bible Institute for the second half of her year abroad (2022-2023).

Throughout 2022, the CIO continued to communicate regularly with supporters and the wider public using various channels: email prayer news (monthly), appeal/information letters (quarterly), and a magazine (termly). A freelance Social Media Content Producer based in France posts regularly on behalf of the charity to Facebook (c. twice weekly) and Instagram (c. weekly). The UK director also hosts a regular Zoom prayer evening for supporters: there were seven of these meetings in 2022, with an average attendance of about 25. A larger Zoom event was an online France Day held in October which allowed participants (c. 80 attendees) to hear talks from two pastors in France and from the UK Director, as well as participating in times of prayer and worship. Over the course of the year, about a dozen people contacted the UK Director via the charity’s website to ask for advice about visiting French churches while on holiday or about possible short-term service opportunities in France.

With the regression of the danger posed by Covid, the CIO was able to re-engage in exhibiting in 2022. France Mission had a stand at the following events: the Christian Resources Exhibitions in Exeter (February) and Esher (October), the Keswick Convention (July-August), and the Bangor Worldwide Missionary Convention (August). These gave the CIO the opportunity to speak to a wide range of people about its work. They also provided an opportunity (from July onwards) to start giving away copies of a new publication entitled “Why France?” that is now being distributed more widely and, it is hoped, will enable more people to understand more about the context in which the charity operates. In addition to the exhibitions mentioned earlier, France Mission representatives were able to make presentations at 13 different churches/university Christian Unions over the course of 2022.

FRANCE MISSION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

The CIO continues to network and collaborate with other like-minded organisations, especially through its membership of the Evangelical Alliance, Global Connections, Mission Action Partnership, and South-West Agencies Network.

Financial review

The CIO’s finances were in a healthy state at the end of the period and were scrutinised by an Independent Examiner who raised no concerns. Total income in 2022 amounted to £368,260 (2021: £424,669), with total expenditure coming to £381,556 (2021: £360,383). The CIO is very grateful to all those who donate to the work. A small deficit of £13,296 was generated in the 2022 year but this was covered by brought forward CIO funds.

The great majority of the CIO’s income comes from donations and legacies from supporters. A small proportion (generally no more than 2% of annual income) will sometimes come from grants.

At 31 December 2022, the CIO had 2,222 active constituents (2021: 2,466 active and archived) in its database. Of these 2,222 constituents, 50% (2021: 47%) were/had also been financial donors. Since the database counts a couple as a single constituent, the number of individual supporters at the end of 2022 was 2,810. Included in these figures, 60 new constituents were added to the CIO’s database in 2022 (2021: 49).

Including Gift Aid, appeal/information letters for specific causes raised the following sums: January 2022 (new French legislation): £6,500 May 2022 (Education & Training Fund): £4,200 September 2022 (pastoral assistant in Rennes): £3,000

The average income from these appeal/information letters was £4,600, significantly down on the average for similar letters in 2021 (£7,000).

Legacy income in 2022 came to £20,400, nearly double the amount in 2021 (£11,500). Nearly all of the 2022 total came from a single legacy with a restricted focus.

One-off gifts in 2022 were received from 393 named donors (2021: 374), with 9 anonymous donations (2021: 11). During the year, 304 donors used regular giving mechanisms to support the work (2021: 315).

The CIO continued to use some reserves to provide additional support to mission partners in France whose personal support base is primarily based in the UK and whose income was therefore particularly adversely affected because of the poor exchange rate. A total of £1,700 was spent supporting 7 workers in this way in 2022 (£3,200 for 8 workers in 2021). In total, £47,600 has been devoted to this exchange-rate support since the rate dropped dramatically in 2016.

The CIO reviews its exposure to risks (financial and other) in line with guidance from the Charity Commission. The conclusions are discussed and agreed at Trustee meetings. The major risks monitored during 2022 were the ongoing impact of Covid-19 and the weakness of the pound-euro exchange rate due to Brexit.

The Trustees monitor closely the gifts made to the general fund, i.e. those where no specific recipient is stated by the donor, as these provide the funds for the CIO’s overheads and enable other schemes to be funded as are drawn to the CIO's attention during the year.

In the process of scrutinising the accounts and financial information on a regular basis, the Trustees confirm that the financial affairs of the CIO are sound on a “going concern” basis.

FRANCE MISSION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

The reserves policy is to hold such funds as are considered necessary and prudent to ensure the CIO can continue to function and provide funds to beneficiaries in the event of reasonably foreseeable and possible changes to income or outgoing costs. These are monitored regularly and while such risks and the consequent reserves held will vary over time, the reserves are typically in the order of 4 months’ worth of income (currently £128,500). Also kept back are funds held in anticipation of imminent funding requests. Therefore, at 31st December 2022, the Trustees were retaining £228,000 as working capital made up of:

£47,000 Legally necessary costs such as redundancy, notice periods contract terminations etc. £90,000 Future funds not yet released but “promised” and there is a moral duty to complete payments £30,000 A “cashflow” contingency against funding shortfalls to long-term mission partners £36,000 Held on behalf of mission partners, to be released as needed £25,000 Held for imminent known payments

The CIO’s reserves are held in bank accounts protected by the Financial Services Compensation Scheme. The charity has no other investments.

Structure, governance and management

The Charity, as a Charitable Incorporated Organisation (CIO), was created on 21 December 2017 and took over the assets and operations of the previous unincorporated trust of the same name (charity 267979). The CIO's governing document is its Constitution Document and Policies, last updated 27 July 2021.

The trustees who served during the year and up to the date of signature of the financial statements were: Mr R I J Crockford Mr A P Walter Ms A W Brusby Mrs M W Dowling Rev P M Dowling Mr J W Scott (Resigned 4 January 2022) Mr C H Russell (Resigned 6 January 2023)

New Trustees are typically drawn from among the charity’s supporters and are either approached directly by the existing Board or respond to an invitation published in the charity’s communications. Trustees are appointed following a successful trial period and receipt of satisfactory references. Trustees are required to have a current DBS, and undertake the Safeguarding for Trustees course run by thirtyone:eight. A new Trustee is provided with a copy of the charity’s handbook: Key Information and Policies , which includes in Chapter 1: Legal Status, Trust Document and Policies and Chapter 2 Personnel: Duties and Appointment . A new Trustee would also receive copies of the previous year’s annual report and accounts, as well as the Charity Commission leaflets The Essential Trustee: What You Need to Know and Being a Trustee . Depending on their previous experience as a trustee, new candidates may require completing a suitable training course.

France Mission is committed to ensuring the wellbeing and safety of those coming into contact with its personnel and activities. There is a safeguarding policy in place and suitable guidance and assistance is obtained from the thirtyone:eight organisation where necessary.

The trustees' report was approved by the Board of Trustees.

Mr R I J Crockford Trustee

10 June 2023

FRANCE MISSION

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2022

The general responsibilities of the Trustees of any charity, including a CIO, are set out by the Charity Commission and are not repeated here. The charity, i.e., the Trustees, are also responsible for keeping themselves and the charity up to date with current legislation and procedure relating to their position and the work of the charity.

Insofar as financial matters are concerned, the Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting standards (United Kingdom Generally Accepted Accounting practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In financial statements, the Trustees are required to

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

FRANCE MISSION

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRANCE MISSION

I report to the trustees on my examination of the financial statements of France Mission (the CIO) for the year ended 31 December 2022.

Responsibilities and basis of report

As the trustees of the CIO you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the CIO’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the CIO’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants England and Wales, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Mr J L Coombs MA (Cantab) FCA

for and on behalf of Simpkins Edwards LLP

Michael House Castle Street Exeter Devon EX4 3LQ

Dated: 29 June 2023

FRANCE MISSION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted
Restricted
funds
funds
2022
2022
Notes
£
£
Income from:
Donations and legacies
3
86,282
281,576
Investments
4
402
-
Total income
86,684
281,576
Expenditure on:
Raising funds
Fundraising and
publicity
5
17,902
-
Charitable activities
6
58,699
304,955
Total expenditure
76,601
304,955
Net incoming/(outgoing)
resources before transfers
10,083
(23,379)
Gross transfers between
funds
(42,594)
42,594
Net (expenditure)/income for
the year/
Net movement in funds
(32,511)
19,215
Fund balances at 1 January
2022
167,921
55,367
Fund balances at 31
December 2022
135,410
74,582		 Total Unrestricted
Restricted
funds
funds
2022
2021
2021
£
£
£
367,858
117,610
305,194
402
1,865
-
368,260
119,475
305,194
17,902
15,047
-
363,654
61,580
283,756
381,556
76,627
283,756
(13,296)
42,848
21,438
-
(29,694)
29,694
(13,296)
13,154
51,132
223,288
154,767
4,235
209,992
167,921
55,367		 Total
2021
£
422,804
1,865
424,669
15,047
345,336
360,383
64,286
-
64,286
159,002
223,288

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

FRANCE MISSION

BALANCE SHEET

AS AT 31 DECEMBER 2022

Notes
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within
one year
12
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
14
Unrestricted funds
Designated funds
15
General unrestricted funds		 2022
£
6,973
231,178
238,151
(29,860)
10,000
125,410		 £
1,701
208,291
209,992
74,582
135,410
209,992		 2021
£
10,650
244,234
254,884
(33,487)
10,000
157,921		 £
1,891
221,397
223,288
55,367
167,921
223,288

The financial statements were approved by the Trustees on 10 June 2023

Mr R I J Crockford Trustee

FRANCE MISSION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

Charity information

France Mission is a public benefit entity and a registered Charitable Incorporated Organisation (CIO) in England and Wales. The address of the principal office is 6 Florida Drive, Exeter, Devon, EX4 5EX.

1.1 Accounting convention

The financial statements have been prepared in accordance with the CIO's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The CIO is a Public Benefit Entity as defined by FRS 102.

The CIO has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the CIO. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the CIO has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the CIO is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the CIO has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the CIO has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

FRANCE MISSION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Grants payable are payments made to third parties in the furtherance of the charitable objectives of the CIO. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the one or multi-year grant. Grant awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled conditions attaching to that grant are outside the control of the CIO.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Computer equipment 10% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Financial instruments

The CIO has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the CIO's balance sheet when the CIO becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

FRANCE MISSION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the CIO’s contractual obligations expire or are discharged or cancelled.

1.8 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the CIO is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the CIO’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2022
2022
£
£
Donations and gifts
86,282
261,176
Legacies receivable
-
20,400
86,282
281,576		 Total
Unrestricted
Restricted
funds
funds
2022
2021
2021
£
£
£
347,458
106,110
305,194
20,400
11,500
-
367,858
117,610
305,194		 Total
2021
£
411,304
11,500
422,804

4 Investments

Unrestricted Unrestricted
funds funds
2022 2021
£ £
Interest receivable 402 1,865

FRANCE MISSION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

5 Raising funds

Unrestricted Unrestricted
funds funds
2022 2021
£ £
Fundraising and publicity
Staging fundraising events 48 48
Communications 12,210 12,422
Advertising 3,236 582
Support costs 2,408 1,995
Fundraising and publicity 17,902 15,047
17,902 15,047

6 Charitable activities

Charitable
expediture
Charitable
expediture
2022
2021
£
£
Staff costs
38,012
34,689
Depreciation and impairment
190
164
Office costs
4,231
4,641
Accounting Services
414
384
Social Media and other professional services
10,672
8,656
Independent Examiner's Fees
1,320
3,120
Governance
2,094
162
56,933
51,816
Grant funding of activities (see note 7)
306,721
293,520
363,654
345,336
Analysis by fund
Unrestricted funds
58,699
61,580
Restricted funds
304,955
283,756
363,654
345,336		 Charitable
expediture
Charitable
expediture
2022
2021
£
£
Staff costs
38,012
34,689
Depreciation and impairment
190
164
Office costs
4,231
4,641
Accounting Services
414
384
Social Media and other professional services
10,672
8,656
Independent Examiner's Fees
1,320
3,120
Governance
2,094
162
56,933
51,816
Grant funding of activities (see note 7)
306,721
293,520
363,654
345,336
Analysis by fund
Unrestricted funds
58,699
61,580
Restricted funds
304,955
283,756
363,654
345,336		 Charitable
expediture
Charitable
expediture
2022
2021
£
£
Staff costs
38,012
34,689
Depreciation and impairment
190
164
Office costs
4,231
4,641
Accounting Services
414
384
Social Media and other professional services
10,672
8,656
Independent Examiner's Fees
1,320
3,120
Governance
2,094
162
56,933
51,816
Grant funding of activities (see note 7)
306,721
293,520
363,654
345,336
Analysis by fund
Unrestricted funds
58,699
61,580
Restricted funds
304,955
283,756
363,654
345,336
2022
£
38,012
190
4,231
414
10,672
1,320
2,094
56,933
306,721
363,654
58,699
304,955
363,654		 2021
£
34,689
164
4,641
384
8,656
3,120
162
51,816
293,520
345,336
61,580
283,756
345,336

FRANCE MISSION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

7 Grants payable

Grants payable Grants payable Grants payable
Charitable
expediture
Charitable
expediture
2022
2021
£
£
Grants to institutions (32 grants):
Agape France
1,250
1,250
Aix-les-Bains
225
5,773
Amis des Etudiants du Monde
100
500
Argenton-sur-Creuse
150
163
Artists in Christian Testimony International / La Pommeraie
601
50
Aumonerie GBU
1,250
-
Auray
600
500
BLF Editions
6,776
-
Blois-Centre
406
1,525
Centre de la Reconciliation
5,601
6,199
Centre Protestant de Saint Louis
-
1,236
Chateauroux
450
188
CNEF
6,452
-
Comme a la Maison (Lyon)
-
1,760
Cormeilles-en-Parisis
630
1,932
Eglise Protestante Evangelique (Albi)
-
5,000
Faculte Libre de Theologie
2,685
5,182
FM Solidarite
750
813
Institut Biblique de Nogent
28,981
45,469
Le Pre Saint Gervais
495
505
Loches
3,000
3,250
London School of Theology
5,142
-
Marseille-St Louis (Point Bible)
500
1,668
Montastruc-la-Conseillère
141
-
Paris-Cardinet
2,457
4,602
Paris-Telegraphe Presbytere
25
125
Pontivy
750
813
Quevert
120
130
Saint-Brieuc
208
-
St Etienne
375
406
SIM International UK
200
-
Stewardship (FM Giving)
200
-
Subvention
-
2,264
The FLTE (Vaux-sur-Seine)
-
5,182
Vannes-Séné
300
-
Villers-les-Nancy
-
625
70,820
97,110
Grants to individuals (49 grants)
235,901
196,410
306,721
293,520
2022
£
1,250
225
100
150
601
1,250
600
6,776
406
5,601
-
450
6,452
-
630
-
2,685
750
28,981
495
3,000
5,142
500
141
2,457
25
750
120
208
375
200
200
-
-
300
-
70,820
235,901
306,721		 2021
£
1,250
5,773
500
163
50
-
500
-
1,525
6,199
1,236
188
-
1,760
1,932
5,000
5,182
813
45,469
505
3,250
-
1,668
-
4,602
125
813
130
-
406
-
-
2,264
5,182
-
625
97,110
196,410
293,520

FRANCE MISSION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

7 Grants payable

(Continued)

Most funding is done through the support of individual workers for whom support is raised on an individual basis.

General Funds and Appeals are used to support church building and other projects that have been identified as helpful in achieving the goals of the charity.

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration from the charity during the year.

Payments of £30 were made to third parties in respect of trustee training (2021: £401). Indemnity Insurance for the trustees was paid costing £1,058 (2021: £888).

Trustees' expenses

Trustees' expenses for travel and associated meeting costs were £398 (2021: £35).

9 Employees

The average monthly number of employees during the year was:

2022 2021
Number Number
1 1
Employment costs 2022 2021
£ £
Wages and salaries 38,012 34,689

There were no employees whose annual remuneration was more than £60,000.

FRANCE MISSION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

10
Tangible fixed assets
Cost
At 1 January 2022
At 31 December 2022
Depreciation and impairment
At 1 January 2022
Depreciation charged in the year
At 31 December 2022
Carrying amount
At 31 December 2022
At 31 December 2021
11
Debtors
Amounts falling due within one year:
Trade debtors
12
Creditors: amounts falling due within one year
Trade creditors		 Computer equipment
£
5,473
5,473
3,582
190
3,772
1,701
1,891
2022
2021
£
£
6,973
10,650
2022
2021
£
£
29,860
33,487		 Computer equipment
£
5,473
5,473
3,582
190
3,772
1,701
1,891
2022
2021
£
£
6,973
10,650
2022
2021
£
£
29,860
33,487
5,473
3,582
190
3,772
1,701
1,891
2021
£
10,650
2021
£
33,487

13 Retirement benefit schemes

The CIO operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the CIO in an independently administered fund.

Restricted funds The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: Movement in funds
Movement in funds		 Balance at
Incoming
Resources
Transfers
Balance at
Incoming
Resources
Transfers
Balance at		 1 January 2021
resources
expended
1 January 2022
resources
expended
31 December		 2022 £
£
£
£
£
£
£
£
£		 Paris
4,235
76,872
(66,022)
5,216
20,301
92,973
(84,181)
-
29,093		 Central France
-
78,405
(79,287)
5,530
4,648
72,356
(74,928)
12,522
14,598		 Southern France
-
25,669
(22,758)
2,940
5,851
23,997
(21,708)
-
8,140		 Other Mission Work
-
85,242
(88,372)
14,508
11,378
65,658
(100,258)
30,072
6,850		 Church Projects
-
25,817
(27,317)
1,500
-
22,290
(12,029)
-
10,261		 Education & Training Fund
-
13,189
-
-
13,189
4,302
(11,851)
-
5,640		 4,235
305,194
(283,756)
29,694
55,367
281,576
(304,955)
42,594
74,582		 The Restricted Funds are broken down into regions determined by the geographical location of the work being supported. The regions are: Paris, Central France and Southern France. Other Mission Work relates to work not readily identifiable to one of the geographical areas listed above. Church Projects Fund relates to giving directed to churches rather than mission partners. The Canada Fund relates to work supported in French-speaking Canada. The Education & Training Fund relates to a new fund, setup in 2021, to assist with the education and development of new pastors and missionaries.
14

FRANCE MISSION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

15 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Educational Fund
16
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2022
2022
£
£
Fund balances at 31
December 2022 are
represented by:
Tangible assets
1,701
-
Current assets/(liabilities)
133,709
74,582
135,410
74,582		 Movement
in funds
Transfers
Balance at
1 January 2022
Incoming
resources
Balance at
31 December
2022
£
£
£
£
10,000
10,000
-
10,000
10,000
10,000
-
10,000
Total
Unrestricted
funds
Restricted
funds
Total
2022
2021
2021
2021
£
£
£
£
1,701
1,891
-
1,891
208,291
166,030
55,367
221,397
209,992
167,921
55,367
223,288		 Movement
in funds
Transfers
Balance at
1 January 2022
Incoming
resources
Balance at
31 December
2022
£
£
£
£
10,000
10,000
-
10,000
10,000
10,000
-
10,000
Total
Unrestricted
funds
Restricted
funds
Total
2022
2021
2021
2021
£
£
£
£
1,701
1,891
-
1,891
208,291
166,030
55,367
221,397
209,992
167,921
55,367
223,288
10,000
Total
2021
£
1,891
221,397
223,288

17 Related party transactions

Transactions with related parties

During the year the CIO reimbursed the Director for travel and accommodation costs incurred. These costs amounted to £1,696 (2021 - £127).