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|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|
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||||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|
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|||||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|
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|||||||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|
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|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|
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|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|
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||||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|
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|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|
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|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|
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|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|
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|||||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|