| Contents | Pages | |
|---|---|---|
| Charity Reference and Administrative | Details | 1 |
| Trustees' Annual Report |
2-6 | |
| Independent Examiner's Report |
||
| Statement of Financial Activities |
||
| Balance Sheet | ||
| Statement ofcash flows |
10 | |
| Notes to the Financial Statements | 11-15 |
| Total | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Funds | ||||
| Notes | Funds | Funds | 2021 | |||
| f | F | |||||
| Incoming Resources | ||||||
| Voluntary income |
||||||
| Donations | 600,000 | 600,000 | ||||
| Investments | 4,354 | 4,354 | ||||
| Total Incoming Resources |
604,354 | 604,354 | ||||
| Charitable Expenditure |
||||||
| Charitable grants |
4 | 127,700 | 127,700 | |||
| Governance Costs |
||||||
| Legal and professional | costs | 1,560 | 1,560 | |||
| Bank charges | 282 | 282 | ||||
| Total Resources Expended | 129,542 | 129,542 | ||||
| Net movements in funds for the year |
474,812 | 474,812 | ||||
| Total funds brought |
forward | |||||
| Total funds carried | forward | 474,812 | 474,812 |
| 2021 | ||||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Fixed Assets | ||||||
| Investments | 104,354 | |||||
| Current Assets | ||||||
| Cash at bank and | in hand | 372,058 | ||||
| 372,058 | ||||||
| Creditors: (amounts |
falling | |||||
| due within one year) | (1,600) | |||||
| Net current assets | 370,458 | |||||
| Net assets | 474,812 | |||||
| Funds ofthe Charity: | ||||||
| Unrestricted Funds |
474,812 | |||||
| Restricted Funds |
||||||
| Total Charity Funds | 10 | 474,812 |
| Magnify Foundation | ||||
|---|---|---|---|---|
| Statement ofCash Flows | ||||
| for the period ended 31 December 2021 | ||||
| Notes | 2021 | |||
| Net cash flow from operating | activities | 472,058 | ||
| Cash flow from investing | activities | |||
| Payments to acquire investments |
(100,000) | |||
| Net cash flow from investing | activities | (100,000) | ||
| Net increase in cash and |
cash | equivalents | 372,058 | |
| Cash and cash equivalents | at | 31 December 2021 | 372,058 | |
| Cash and cash equivalents | consists of: | |||
| Cash at bank and in hand |
372,058 | |||
| Cash and cash equivalents | at | 31 December 2021 | 372,058 |
| Grants to | Grants to | Total | ||||
|---|---|---|---|---|---|---|
| Individuals | Institutions | 2021 | ||||
| E | f | F | ||||
| Onelife | 10,000 | 10,000 | ||||
| Kingdom Living Ministries |
3,000 | 3,000 | ||||
| Pioneer | 17,500 | 17,500 | ||||
| Stewardship | -JustSow | 30,700 | 30,700 | |||
| Beyond Ourselves | 4,000 | 4,000 | ||||
| Tough Talk | 12,500 | 12,500 | ||||
| The Message Trust | 50,000 | 50,000 | ||||
| 127,700 | 127,700 | |||||
| Resources | expended | |||||
| 2021 | ||||||
| 6 | ||||||
| Resources expended | are | stated after charging: | ||||
| Independent | Examiner's | fee | 1,560 |
| Fixed asset investments | ||
|---|---|---|
| Other | ||
| Investments | Total | |
| 6 | F | |
| Cost or valuation | ||
| Additions | 100,000 | 100,000 |
| Revaluation | 4,354 | 4,354 |
| At 31 December 2021 | 104,354 | 104,354 |
| Net Book Value | ||
| At 31 December 2021 | 104,354 | 104,354 |
| Investments a |
t fair val | ue compromise: | |
|---|---|---|---|
| 2021 | |||
| 6 | |||
| Cryptocurrency | investments | 104,354 | |
| Liabilities (amounts | falling due | ||
| within one year) | |||
| 2021 | |||
| f | |||
| Accruals and | deferred | income | 1,600 |
| 1,600 |
| 8 | Liabilities (amounts falling due within one year) |
|---|---|
| Fund reco | nciliation | ||||
|---|---|---|---|---|---|
| Incoming | Resources | Fund | At | ||
| Resources 6 |
Expended 6 |
Transfers f |
31/12/2021 E |
||
| Unrestricted | funds | 604,354 | (129,542) | 474,812 | |
| Restricted | funds | ||||
| 604,354 | (129,542) | 474,812 |
| Analysis | of Net | Assets between Fund | s | ||
|---|---|---|---|---|---|
| 2021 | |||||
| Restricted | Unrestricted | Total | |||
| Funds 6 |
Funds F |
Fundsf | |||
| Investments | 104,354 | 104,354 | |||
| Cash at | bank and | in hand | 372,058 | 372,058 | |
| Current | liabilities | (1,600) | (1,600) | ||
| Total assets | 474,812 | 474,812 |
| 11 | Reconciliation ofnet income to net cash flow from operating |
Reconciliation ofnet income to net cash flow from operating |
activities | |
|---|---|---|---|---|
| 2021 | ||||
| Net income for the period | 474,812 | |||
| Unrealised (gain) on investments |
(4,354) | |||
| Increase in creditors |
1,600 | |||
| Net cash flow from operating | activities | 472,058 |