2022-03-31-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
Cash Flow Statement			14
Notes to the	Financial	Statements	15 —25

					Total Funds	Total Funds
					2022	2021
				Note	F
Income from:
Donations and	gifts				4,224,057	3,587,996
Legacies					142,101	23,621
Charitable activities					1,853	20
Investments					25,502	25,614
Total income					4,393,513	3,637,251
Expenditure on:
Raising funds					3,538	48,104
Charitable activities					3,880,770	3,385,834
Total expenditure					3,884,308	3,433,938
Net gains/(losses)		on	investments		21,097	159,306
Net income/(expenditure)			for the year and net
movement in funds					530,302	362,619
Other recognised	gains/(losses):
Gains on revaluation			of fixed assets			(25,000)
Net movement in	funds				530,302	337,619
Reconciliation of	funds:
Total funds at 1 April		2021		13	2,751,058	2,413,439
Total funds at 31	March		2022	13	3,281,360	2,751,058

			2022	2021
		Note	R
Fixed assets
Tangible assets			1,082,188	1,065,565
Investments			1,175,557	1,137,716
Current assets
Debtors		10	191,217	50,204
Cash at bank and	in hand		881,210	594,711
			1,072,427	644,915
Creditors: amounts	falling
due within one year			(48,812)	(97,138)
Net current assets			1,023,615	547,777
Net assets			3,281,380	2,751,058
FUNDS
Unrestricted funds
General funds		14	732,944	719,171
Designated funds		14	2,548,416	2,031,887
Total funds			3,281,380	2,751,058

					2022	2021
				Note		F
Net cash (outflow)/inflow		from operating	activities	15	308,680	314,929
Non-operational cash flows:
Investing activities
Payments	for purchase	oftangible fixed	assets		(30,939)	(47,444)
Payments	for purchase	of investments			(169,752)	(356,176)
Proceeds	from the sale	of investments			198,901	380,727
Investment	income				25,502	25,614
					23,712	2,721
Net cash inflow/(outflow)		for the year		16	332,392	317,650

Donatio	ns and gifts
		Total Funds	Total Funds
		2022	2021
		F	F
Support	- Field individual	2,704,757	2,550,597
Support	- Home 8 team	60,902	53,355
Support	- Other UFM Missionaries	41,344
Work projects receipts		762,272	352,439
Other UFM projects		156,489	88,475
Service	charge	355,549	347,855
General	fund donations	91,306	137,343
Others		51,438	57,932
		4,224,057	3,587,996

		Total Funds	Total Funds
		2022	2021
		F
Sale of trading	items	1,223	20
Conferences	8 house parties	630
		1,853	20

4	Investment Income
											Total Funds	Total Funds
											2022	2021
											F
	Interest receivable										148	308
	Investment dividends	& interest									25,354	25,306
											25,502	25,614
5	Expenditure
	Costs directly allocated		to	c0 0 .Co e 'coe 0 IZI—	n&o 8 rn & o 0 C			e e ~ a o 's co ~0 CO OCg		& 0 o.	O0c lOC I O 00	Total 2022
	activities											f.
	Missionary support			Direct				3,278,995				3,278,995
	Mission field grants			Direct						106		106
	Deputation and field travel			Direct		2,348		18,449				20,797
	UFM magazine and literature			Direct		17,705						17,705
	Publicity and advertising			Direct		2,	188					2,188
	Conferences and house parties			Direct		1,205						1,205
	Conference costs bad	debt received		Direct		(20,432)						(20,432)
	Audit fees			Direct							8,880	8,880
	Support costs directly
	allocated to activities
	Staff costs			Usage			399	436,440			1,175	438,014
	Office expenses			Usage			105	114,436			308	114,849
	Investment management		fees	Usage			8		8579		23	8,610
	Depreciation 8 loss on disposal			Usage			12	13,343			36	13,391
						3,538		3,870,348			10,422	3,884,308

The aggregate	payroll	costs were:
				2022	2021
				F	F
Headquarters'	gross salaries			363,864	358,382
Social security	costs			25,858	23,638
Staff Death in	Service	Cover		2,184	2,003
Consultancies				11,660	6,495
Staff Pension				34,872	39,412
Other staff costs				(424)	1,176
				438,014	431,106
The average headcount		ofemployees	during the year was:
				2022	2021
Administration				18	17

Tangible fixed assets
		Freehold		Audio	Furniture,
	Freehold	improve-		Visual &	Fittings &
	property	ments	Computer	Electrical	Equipment	Total
	F					F
Cost
At 1 April 2021	1,004,664	112,471	25,251	7,880	12,704	1,162,970
Additions		6,026	15,077	6,727	3,109	30,939
Disposals			(1,229)		(7,741)	(8,970)
At 31 March 2022	1,004,664	118,497	39,099	14,607	8,072	1,184,939
Depreciation
At 1 April 2021		66,277	18,400	6,079	6,649	97,405
Charge for year		6,397	4,559	1,044	1,391	13,391
On disposal			(1,105)		(6,940)	(8,045)
At 31 March 2022		72,674	21,854	7,123	1,100	102,751
Net book value
At 31 March 2022	1,004,664	45,823	17,245	7,484	6,972	1,082,188
At 31 March 2021	1,004,664	46,194	6,851	1,801	6,055	1,065,565

9	Fixed asset	investm	ents
				2022	2021
				F	F
	Market value	at start	ofyear	1,090,240	955,485
	Additions at cost			169,752	356,176
	Disposal proceeds			(198,901)	(380,727)
	Realised gain/(loss)		on investment	26,272	(1,675)
	Unrealised gain/(loss)		on investment	(5,175)	160,981
				1,082,188	1,090,240
	Cash held in	deposit		93,369	47,476
	Market value	at end	ofyear	1,175,557	1,137,716
	Historical cost at end		ofyear	979,544	935,999
	Investments	comprise of:
	Fixed interest	securities		176,433	186,976
	Equity shares			748,662	752,961
	Property 8 Infrastructure			157,093	102,625
	Medium term	deposits		93,369	95,154
				1,175,557	1,137,716
	Held:
	Within the UK			652,127	600,259
	Outside the UK			523,430	537,457
10	Debtors
				2022	2021
				F	F
	Prepayments			24,655	2,241
	Other debtors			166,562	47,963
				191,217	50,204
11	Creditors: amounts		falling due within one year
				2022	2021
				F	F
	Monies held	in Trust		(8,492)	49,095
	Social security and other taxes			8,092	7,154
	Accruals			49,212	40,889
				48,812	97,138

At 31 March 2022 the organisation	had total commitments	under non-cancellable	operating	leases as set out	below:
				2022	2021
				F
Within one year				1,700	1,700
Between two to five years				1,700	3,400
				3,400	5,100

			At					At
			01-Apr			Gains/		31-Mar
			2021 F	Income F	Expenditure F	(Losses) F	Transfers F	2022f
Unrestricted	funds
General funds			719,171	692,814	(605,313)	26,272	(100,000)	732,944
Designated	funds
Development	fund						100,000	100,000
Missionary Support			1,627,975	3,700,699	(3,278,995)			2,049,679
Passage Fund			3,756					3,756
Property Revaluation		Fund	198,447					198,447
Revaluation	Fund		201,709			(5,175)		196,534
			2,751,058	4,393,513	(3,884,308)	21,097		3,281,360
Total funds			2,751,058	4,393,513	(3,884,308)	21,097		3,281,360

Prior year c	omparati	ves
			At					At
			01-Apr			Gains/		31-Mar
			2020 F	Income f	Expenditure F	(Losses) F	Transfers F	2021f
Unrestricted	funds
General funds			650,733	616,781	(546,668)	(1,675)		719,171
Designated	funds
Missionary Support			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	3,637,251	(3,433,938)	134,306		2,751,058
Total funds			2,413,439	3,637,251	(3,433,938)	134,306		2,751,058

				Tangible		Net
				Fixed		Current
				Assets	Investments	Assets	Total
							F
General	funds			533,741		199,203	732,944
Designated		funds
Development fund						100,000	100,000
Missionary		Support		350,000	975,267	724,412	2,049,679
Passage	Fund				3,756		3,756
Property	Revaluation		Fund	198,447			198,447
Revaluation		Fund			196,534		196,534
				1,082,188	1,175,557	1,023,615	3,281,360
Prior year		comparatives
				Tangible		Net
				Fixed		Current
				Assets	Investments	Assets	Total
				F	F	F	F
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	Revaluation		Fund	198,447			198,447
Revaluation		Fund			201,709		201,709
				1,065,565	1,137,716	547,777	2,751,058

							2022	2021
							F	F
Statement	of Financial		Activities:	Net movement		in funds	530,302	337,619
Investment		income					(25,502)	(25,614)
Depreciation							13,391	4,070
Net (gain)/		loss on investments					(21,097)	(159,306)
Net (gain)/		loss on revaluation of		fixed assets				25,000
(Profit)/loss		on sale of	fixed assets				925
Increase /	(decrease)		in creditors:	current	liabilities		(48,326)	27,150
(Increase)	/	decrease	in debtors				(141,013)	106,010
Net cash inflow from			operating	activities			308,680	314,929

16	Analysis	ofc	hang	es	in cash during the year
						2022	2021	Change
						f.		f.
	Cash 8 cash equivalents					974,579	642,187	332,392
						2021	2020	Change
	Cash 8 cash equivalents					642,187	324,537	317,650
17	Reconciliation		of	cash at bank and in hand to the Balance Sheet
						2022	2021	2020
							F	F
	Cash at bank		and	in	hand per Balance Sheet	881,210	594,711	319,547
	Short-term	deposits				93,369	47,476	4,990
	Cash at bank		and	in	hand per Cash Flow Statement	974,579	642,187	324,537
18	Analysis	ofchanges			in net debt
	Current year
						At1April	Cash flow	At31 March
						2021	movements	2022
						f.	F	f.
	Cash at bank		and	in	hand per Balance Sheet	594,711	286,499	881,210
	Short-term	deposits				47,476	45,893	93,369
						642,187	332,392	974,579
	Prior year
						At1April	Cash flow	At31 March
						2020	movements	2021
							F
	Cash at bank		and	in	hand per Balance Sheet	319,547	275,164	594,711
	Short-term	deposits				4,990	42,486	47,476
						324,537	317,650	642,187