2021-03-31-accounts

CONTENTS		PAGE
Report ofthe Council	of Management	1 —6
Reference 8 Administrative Information
Independent Auditor's	Report
Statement of Financial	Activities	12
Balance Sheet		13
Cash Flow Statement		14—15
Notes to the Financial	Statements	16-25

			Total Funds	Total Funds
			2021	2020
		Nate	2
Income from:
Donations and gifts Legacies Charitable activities investments			3,587,996 23,621 20 25,614	3,692,171 72,627 27,524 36,855
Total Income			3,637,251	3,829,177
Expenditure on:
Raising funds			48,104	107,497
Charitable activities			3,385,834	3,561,427
Total expenditure			3,433,938	3,668,924
Net gains/(losses) on	investments		159,306	(119,118)
Net income/(expenditure)	for the year and net
movement in funds			362,619	41,135
Other recagnissd gains/(losses);
Gains on revaluation	of fixed assets		(25,000)	46,278
Net movement in funds			337,619	87,413
Reconciliation offunds:
Total funds at 1 April 2020		13	2,413,439	2,326,026
Total funds at 31 March	2021	13	2,751,058	2,413,439

				2021	2020
			Note		2
Net cash (outflow)/Inflow	from operating	actlvlges		314,929	60,424
Non~perational cash flows:
Investing activities
Payments for purchase Payments for purchase Proceeds from ihe sale	oftangible fixed of investments of investments	assets		(47,444) (356,176) 380,727	(508,885) (247,851) 254,910
Investment Income				25,614	36,855
				2,721	(464,971)
Nei cash Inflow/(oufflow)	forthe year		5	317656	404,547

						2021		2020
						2		2
	Statement ol Financial Activities:		Net movement		in funds	337,619		87,413
	investment income Depreciation Net (gain)/ loss on investments Net (gain)/ loss on revaluation offixed assets (Profit)/loss on sale offixed assets					(25,614) 4,070 (159,306) 25,000		(36,855) 3,652 119,118 (46,278) 99
	Increase / (decrease) in creditors: current (Increase) / decrease in debtors			liabilities		27,150 106,010		17,630 (84,355)
	Net cash Inflow from operating		activities			914,929		69,424
B	Analysis ofchanges in cash	during the		year
						2021	2020	Change
						2		2
	Cash 8cash equivalents					642,187	324537	317,650
						2020	2019	Change
						2		2
	Cash 6cash equivalents					324,537	729084	404,547
C	Reconciliation ofcash at bank		and in hand to		the Balance Sheol
						2021	2020	2019
						2	6	2
	Cash at bank and in hand per	Balance Sheet				594,711	319,547	723,574
	Short-term deposits					47,476	4,990	5,510
	Gash at bank and in hand per	Gash Flow		Statement		642,187	324 537	729084

4	Investment In	come
										Total Funds	Total Funds
										2021	2020
										2
	interest receivable !nvestment dividends		&interest							308 25,306	1,091 35,764
										25,614	36,855
5	Expenditure
					u	cs g' e			0
	Costs directly	allocated		to	C8 tc ~		~ —rs		e 00	Total 2021	Total 2020
	activities						2		2	2
	Missionary support				Direcl		2,887,270			2,887,270	3,086,951
	Mission field grants				Direct			74		74	254
	Deputation and	field	travel		Direct	2,348				2,348	40,271
	UFM magazine	and	literature		Direct	15,442				15,442	14,310
	Publicity snd advertising				Direct	1,584				1,584	6,115
	Conferences				Direct	21,764				21,764	40,256
	Purchase of trading		items		Direct
	Audit fees				Direct				8,190	8,190	7,872
	Support costs	direcrly
	allocated fo activities
	Staff costs				Usage	6,039	423,865		1,202	431,106	407,466
	Offic expenses				Usage	767	53,799		153	54,718	53.996
	Investment management			fees	Usage	103	7,248		21	7,372	7,780
	Depreciation &	loss on disposal			Usage	57	4,002		11	4,070	3,653
						48,104	3,376,257		9,577	3,433,938	3,668,924

Costs directly allocated	Costs directly allocated	to	~ m w 0	m?' e f$ f N o 0 z8 o u K)os			Total 2020
activltlss							2
Missionary support			Direct		3,086,951		3,086,951
Mission field grants			Direct		254		254
Deputation and field	travel		Direct	32,961	7,311		40,272
UFM magazine and	literature		Direct	14,310			14,310
Publicity and advertising			Direct	6,115			6,'I15
Conferences			Direct	40,256			40,256
Purchase ol trading	items		Direct
Audit fees			Direct			7,872	7,872
Support costs directly
allocated toacllvldes
Staff costs			Usage	11,938	394,524	1,004	407,466
Office expenses			Usage	1,582	52,281	133	53,996
Investment management fees Depreciation 6loss on disposal			Usage Usage	228 107	7,532 3,537	19 9	7,779 3,653
				107,497	3552390	9,037	3,668924

This is st	ated af	ter charging	:
					2021	2020
Auditcfs	remuneration		—for audit servloss		6,552	6,384
			-	for other services	1,638	1,488
Reimbursement		of Council	members'	expenses		2,824
Depreciation					4,070	3,652
Operating	lease	payments			2,545	2,226

The aggregate	The aggregate	payroll	costs were:
						2021f	2020f
Headquarters'		gross salades				358,382	340,867
Social security		costs				23,638	23,484
Staff Death in		Service	Cover			2,003	2,074
Consultanciss						6,495	9,690
Staff Pension						39,412	30,812
Other Staff COStS						1,176	539
						431,106	407 466
The average	headcount		of employees		during the year was:
						2021 f	2020f
Administration						17	18
Nc employee		received	emoluments	of	more than 260,000.

The total employment benef Tangible ffxed assets	its received by key	management perso	nnel were f24	9,818(2020:	2240,684).
				Audio
				Visual &	Furniture,
	Freehold	Freehold		Electrical	Fittings &
	Property f	Improvements 8	Computer f	Equipment f	Equipment f	Totalf
Cost
At 1 April 2020	1,027,818	71,836	25,251	7,880	7,741	1,140,526
Additions	1,846	40,635			4,963	47,444
Disposals
Revaluation	25,000					25,000
At 31 March 2021	1,004,664	112,471	25,251	7,880	12,704	1,162,970
Depreciation
Af 1 April 2020		65,483	15,948	5,829	6,277	93,335
Charge for year		794	2,454	450	372	4,070
On disposal
At 31 March 2021		66,277	18,400	6,079	6,649	97.405
Net book value
At 31 March 2021	1,004,664	46194	6,851	1,801	6055	1 065,565
At 31 March 2020	1 027,818	6,353	9,305	2,251	1,464	1,047,191

			2021	2020
			2
	Market value at start	of year	955,485	1,081,662
	Additions at cost		356,176	247,851
	Disposal proceeds		(380,727)	(254,910)
	Realised gain/(loss)	on investment	(1,675)	(12,496)
	Unrealised gain/(loss)	on investment	160981	106,622
			1,090,240	955,485
	Gash held in deposit		47,476	4,990
	Market value at end of year		1,137,716	960,475
	Historical cost at end	of year	935999	919,736
	Investments comprise of:
	Fixed Interest securities		186,976	165,637
	Equity shares		752,961	541,209
	Properly & Infrastructure		102,625	128,639
	Medium term deposits		95,154	124,990
			1,137,716	960,475
	Held:
	Within the UK		600,259	741,728
	Outside the UK		531,457	218,757
10	Debtors
			2021	2020
			2
	Prepayments		2,241	22,857
	Other debtors		47,963	133,357
			50,204	156,214
11	Creditors: amounts	falling due within one year
			2021	2020
			2
	Monies held in Trust		49,095	42.908
	Social security and other taxes		7,154	7,246
	Accru ala		40,889	19,834
			97,138	69,988

Operating Leases
At 31 March 2021 the organisation	had total commitments	under non-cancellable	operating	leases as set out below: 2021 2020
Within one year Between two to five years				1,700 2,545 3,400 5 100 5,100 7645

Movement	in funds
			At					At
			01-Apr			Gains/		31-Mar
			2020	Income	Expenditure	(Losses)	Transfers	2021
			2	2	2	2	2
Unrestricted	funds
Genere/ funds			650,733	616,781	(546,668)	(1,675)		719,171
Designated	funds
Missionary Suppon			1,494,775	3,020,470	(2,887,270)			1,627,975
Passage Fund			3,756					3,756
Property Revaluation		Fund	223,447			(25,000)		198,447
Revaluation	Fund		40,728			160,981		201,709
			2,413,439	3637,251	3,433,938	134,306		2,751,058
Total funds			2,413,439	3,637,251	3433,938	134,306		2,751,058

Prior year	comparatl	ves
			At					At
			01-Apr			Gains/		31-Mar
			2019	Income	Expenditure	(Losses)	Transfers	2020
			2	2	2	2	2	2
Unrestricted	funds
Genera/ funds			618,230	626,972	(581,973)	(12,496)		650,733
Designated	funds
Missionary	Support		1,379,521	3,202,205	(3,086,951)			1,494,775
Passage Fund			3,756					3,756
Property Revaluation		Fund	177,169			46,278		223,447
Revaluation	Fund		147,350			(106,622)		40,728
			2326,026	3829,177	3 666,924	72,840		2,413,439
Total funds			2,326,026	3,829,1	3,668,924	72,840		2,413,439

				Tangible		Net
				Fixed		Current
				Assets	Investments	Assets	Total
				2	2	2	2
General	funds			517,118		202,053	719,171
Designated		funds
Missionary		Support		350,000	932,251	345,724	1,627,975
Passage	Fund				3,756		3,756
Property	Revs!uaiion		Fund	198,447			198.447
Revaluation		Fund			201,709		201,709
				1,065,565	1 137716	547,777	2751,058
Prior year		oomparatlves
				Tangible		Net
				Fixed		Current
				Assets	Investments	Assets	Total
				2	2	2	2
General	funds			473,744		176,989	650,733
Designated		tunds
Missionary		Support		350,000	915,991	228,784	1,494,775
Passage	Fund				3,756		3,756
Property	Revaluation		Fund	223,447			223,447
Revaluation		Fund			40,728		40,728
				1,047,191	960,475	405,773	2,413,439