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|Contents||Pages|
|---|---|---|
|Charity Reference and Administrative|Details|1|
|Trustees'<br>Annual<br>Report||2-6|
|Independent<br>Examiner's<br>Report|||
|Statement<br>of Financial Activities|||
|Balance Sheet|||
|Statement<br>ofcash flows||10|
|Notes to the Financial Statements||11-15|





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|||||||Total|
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Funds|
||||Notes|Funds|Funds|2021|
|||||f|F||
|Incoming Resources|||||||
|Voluntary<br>income|||||||
|Donations||||600,000||600,000|
|Investments||||4,354||4,354|
|Total Incoming<br>Resources||||604,354||604,354|
|Charitable<br>Expenditure|||||||
|Charitable<br>grants|||4|127,700||127,700|
|Governance<br>Costs|||||||
|Legal and professional||costs||1,560||1,560|
|Bank charges||||282||282|
|Total Resources Expended||||129,542||129,542|
|Net movements<br>in funds for the year||||474,812||474,812|
|Total funds<br>brought|forward||||||
|Total funds carried|forward|||474,812||474,812|





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||||||2021||
|---|---|---|---|---|---|---|
||||Notes||||
|Fixed Assets|||||||
|Investments||||||104,354|
|Current Assets|||||||
|Cash at bank and|in hand|||372,058|||
|||||372,058|||
|Creditors:<br>(amounts||falling|||||
|due within one year)||||(1,600)|||
|Net current assets||||||370,458|
|Net assets||||||474,812|
|Funds ofthe Charity:|||||||
|Unrestricted<br>Funds||||||474,812|
|Restricted<br>Funds|||||||
|Total Charity Funds|||10|||474,812|





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||||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<br>to acquire investments||||(100,000)|
|Net cash flow from investing||activities||(100,000)|
|Net increase<br>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<br>in hand||||372,058|
|Cash and cash equivalents||at|31 December 2021|372,058|





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|||||Grants to|Grants to|Total|
|---|---|---|---|---|---|---|
|||||Individuals|Institutions|2021|
|||||E|f|F|
|Onelife|||||10,000|10,000|
|Kingdom<br>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|



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|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|





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|Investments<br>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<br>falling due<br>within one year)|
|---|---|



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|Fund reco|nciliation|||||
|---|---|---|---|---|---|
|||Incoming|Resources|Fund|At|
|||Resources<br>6|Expended<br>6|Transfers<br>f|31/12/2021<br>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<br>6|Funds<br>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|





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|11|Reconciliation<br>ofnet income to net cash flow from operating|Reconciliation<br>ofnet income to net cash flow from operating|activities||
|---|---|---|---|---|
|||||2021|
||Net income for the period|||474,812|
||Unrealised<br>(gain) on investments|||(4,354)|
||Increase<br>in creditors|||1,600|
||Net cash flow from operating|activities||472,058|



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