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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||||
|Cash Flow Statement|||14|
|Notes to the|Financial|Statements|15 —25|
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||||||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|
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||||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|
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||||||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|
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|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|
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|||Total Funds|Total Funds|
|---|---|---|---|
|||2022|2021|
|||F||
|Sale of trading|items|1,223|20|
|Conferences|8 house parties|630||
|||1,853|20|
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|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
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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|
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|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|
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|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|
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|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|
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||||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|
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|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|
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|||||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|
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||||||||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|
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|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|
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