2022-12-31-accounts

Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2to7
Statement ofTrustees'	Responsibilities
Independent Auditors'	Report	9to 13
Statement of Financial	Activities	14
Balance Sheet		15
Cash Flow Statement		16
Notes tothe Financial	Statements	17to 33

				known as Society of	African Missions	African Missions	African Missions	African Missions
				Reference and Administrative				Details
Trustees				Reverend TJ Ryan SMA
				Reverend D A McCaul	SMA
				Reverend R Morland	SMA
				Reverend W Brandon	SMA
Principal	ONce			378 Upper Brook Street
				Manchester
				M13 OEP
Charity Registration			Number	232541
				SC039285
Auditors
				The Moffatts Partnership			LLP
				Suite 1.1,First Floor
				Jackson House
				Sibson Road
				Sale
				M33 7RR
Solidtors
				Hill Dickinson
				50 Fountain Street
				Manchester
				M2 2AS
Bankers				Royal Bank ofScotland		pic
				StAnne's Square
				Manchester
				M2 7LG
Investment		Advisors		Castlefield Partners
				111Piccadilly
				Manchester
				M1 2HY
				Coutts &Co
				1st Floor, 1Spinningfields			Square
				Manchester
				M3 3AP
Personnel		&Human	Resources	Direct Law &Personnel			Ltd
				Southerly 7,Waterfold		Park
				Bury
				BL97BR

							(As restated)
				Unrestricted	Restricted	Total	Total
				funds	funds	2022	2021
			Note	E	E	E	E
Income and Endowments	from:
Donations and legacies				892,290	92,961	985,251	887,642
Charitable activities				62,400		62,400
Other trading activities				37,980		37,980	52,091
Investment income				147,822		147,822	130,835
Other income							1,685
Total Income				1,140,492	92,961	1,233,453	1,072,253
Expenditure on:
Raising funds				56,084		56,084	65,263
Charitable activities				1,237,365	119,243	1,356,608	1,198,500
Total Expenditure				1,293,449	119,243	1,412,692	1,263,763
Gains/losses on investment		assets		(1,294,961)		(1,294,961)	992,941
Net (expenditure)/income				(1,447,918)	(26,282)	(1,474,200)	801,431
Other recognised gains and		losses
Other gains/losses				6,476		6,476	12,622
Net movement in funds				(1,441,442)	(26,282)	(1,467,724)	814,053
Reconciliation offunds
Total funds brought forward				13,425,846	118,844	13,544,690	12,730,637
Total funds carried forward			22	11,994,404	92,562	12,076,966	13,944,690

					(As restated)
			Note	2022f	2021 f
Fixed assets
Tangible assets			15	3,035,057	3,105,672
Investments			16	6,666,529	8,007,943
				9,701,586	11,113,615
Current assets
Stocks			17	189,515	129,479
Debtors			18	185,100	77,813
Investments			19	790,561	790,032
Cash at bank	and in hand		20	1,427,242	1,662,362
				2,592,418	2,659,686
Creditors: Amounts		falling due within one year	21	(217,038)	(228,611)
Net current	assets			2,375,380	2,431,075
Net assets				12,076,966	13,544,690
Funds ofthe	charity:
Restricted income funds				92,562	118,844
Unrestricted	Income	funds
Unrestricted	income	funds		11,984,404	13,425,846
Total funds			22	12,076,966	13,544,690

		Note	2022 f	2021f
Cash Rows from operating activities
Net cash (expenditure)/income			(1,467,724)	814,053
Adjustments to cash Rows from non-cash items
Depreciation			76,344	80,533
Investment income			(147,822)	(130,835)
Profit on disposal oftangible fixed assets			(386)	(501)
Profit on disposal ofinvestments			(299,725)	(105,247)
Revaluation of investments			1,594,686	(881,839)
			(244,627)	(223,836)
Working capital adjustments
(Increase)/decrease in stocks		17	(60,036)	33,661
Increase in debtors		18	(107,287)	(5,367)
Decrease in creditors		21	(11,573)	(122,090)
Net cash flows from operating	activities		(423,523)	(317,632)
Cash flows from investing activities
Interest received			4,983	2,820
Acquisitions oftangible assets			(6,115)	(20,142)
Proceeds from sale oftangible	assets		243	2,500
Acquisitions ofinvestments			(5,578,157)	(2,540,423)
Proceeds from sale ofinvestments			5,624,610	2,724,935
Dividend income			142,839	128,015
Net cash flows from Investing	activities		188,403	297,705
Net decrease in cash and cash	equivalents		(235,120)	(19,927)
Cash and cash equivalents at 1January			1,662,362	1,682,289
Cash and cash equivalents at31December			1,427,242	1,662,362

4	Income f	ro	m o	ther tradi	ng activities
						Unrestricted
						funds	Total		Total
						General	funds		2021
						f		f	f
Lotteries and			competitions		income	37,980		37,980	52,091
						37,980		37,980	52,091
5	Investment		income
						Unrestricted	funds
								Total	Total
						Designated	General	2022	2021
						f	f	f	f
Income from		dividends;
	Dividends	receivable from			other listed investments	34,398	108,441	142,839	128,015
Interest receivable				and similar income;
	Interest receivable on bank deposits						4,983	4,983	2,820
						34,398	113,424	147,822	130,835

			Total	Total
			2022	2021
			f	f
Other	income			1,184
Gains	on sale oftangible	fixed assets for charity's own use		501
				1,685

Unrestricted
funds	Total	Total
General	2022	2021
f	f	f
21,964	21,964	22,523
21,964	21,964	22,523

				Unrestricted	funds
						Total	Total
				Designated	General	2022	2021
				f	f	f	f
Amounts	payable	to	investment
managers				9,808	24,312	34,120	42,740

8 Expenditure on	cha	ritable activities
			Unrestricted
			funds	Restricted	Total	Total
			General	funds	2022	2021
			f		f	f(As restated)
Costs of Masses &	Mass Cards		39,369		39,369	63,411
Costs of Community	Accommodation		163,264		163,264	151,377
Provincial Costs			226,248		226,248	210,937
Charitable Distributions			441,650	119,243	560,893	423,920
Stationery &Postages			114,297		114,297	106,763
Costs of Mission News			16,043		16,043	15,558
Staff Costs			138,075		138,075	121,792
Legal and Professional		Fees				2,895
Bank Charges			5,839		5,839	5,802
Depreciation oftangible assets			76,344		76,344	80,533
Loss on disposal of	assets		386		386
Auditors Remuneration			15,850		15,850	15,512
			1,237,365	119,243	1,356,608	1,198,500

				Unrestricted
				funds	Total	Total
				General	2022	2021
				f	f	f
Audit fees
Audit ofthe financial statements				14,400	14,400	14,142
Other fees	paid to auditors			1,450	1,450	1,370
				15,850	15,850	15,512
10 Net Incoming/outgoing		resources
Net outgoing	resources for	the year include:
					2022	2021
					f	f
Audit fees					14,400	14,142
Loss on disposal offixed assets held forthe charity's			own use		386
Depreciation	offixed assets				76,344	80,533

The aggregate payroll costs were as follows:
	2022	2021
	f	f
Staff costs during the year were:
Wages and salaries	134,934	119,323
Pension costs	3,141	2,469
	138,075	121,792

charity dur	ing the year expressed as full time equivale	nts was as follows:
		2022		2021
		No		No
Charitable	Activities		15		14

13 Auditors' remuneration
	2022	2021
	f	f
Audit ofthe financial statements	14,400	14,142
Other fees to auditors
All other non-audit services	1,450	1,370

15 Tangible fixed assets
	Land and	Furniture and		Computer
	buildings f	equipment f	Motor vehicles f	equipment f	Total f
Cost
At 1January 2022	3,725,062	96,817	121,650	79,337	4,022,866
Additions		449		5,666	6,115
Disposals				(1,960)	(1,960)
At 31December 2022	3,725,062	97,266	121,650	83,043	4,027,021
Depreciation
At 1January 2022	678,043	83,342	82,385	73,424	917,194
Charge forthe year	60,940	2,786	9,818	2,800	76,344
Eliminated on disposals				(1,574)	(1,574)
At 31December 2022	738,983	86,128	92,203	74,650	991,964
Net book value
At 31December 2022	2,986,079	11,138	29,447	3,393	3,035,057
At 31December 2021	3,047,019	13,475	39,265	5,913	3,105,672

18 Debtors
			2022	2021
			f	f
Trade debtors				1,684
Prepayments			30,953	32,014
Accrued income			152,095	42,063
Other debtors			2,052	2,052
			185,100	77,813
19 Current asset investments
			2022f	2021 E
Cash deposits			790,561	790,032
20 Cash and cash equivalents
			2022	2021
			f	f
Cash on hand			7,103	5,848
Cash at bank			1,420,139	1,656,514
			1,427,242	1,662,362
21 Creditors: amounts		falling due within one year
			2022	2021
			f	f(As restated)
Trade creditors			8,463	25,502
Other taxation	and social security		358	362
Other creditors			172,916	159,205
Pension scheme creditor			150	150
Accruals			35,151	43,392
			217,038	228,611

22 Funds
									Balance at
					Balance at			Other	31
					1January	Incoming	Resources	recognised	December
					2022 f	resources f	expended f	gains/(losses) f	2022 f
Unrestricted	funds
General
Unrestricted		Income Fund			11,154,201	1,106,094	(1,283,641)	(951,795)	10,024,859
Designated
Medical and		Retirement		Fund	1,971,645	34,398	(9,808)	(336,690)	1,659,545
Renovation		Fund			250,000				250,000
International		Members		Fund	50,000				50,000
					2,271,645	34,398	(9,808)	(336,690)	1,959,545
Total unrestricted			funds		13,425,846	1,140,492	(1,293,449)	(1,288,485)	11,984,404
Restricted funds
International		Profects			118,844	92,961	(119,243)		92,562
Total funds					13,544,690	1,233,453	(1,412,692)	(1,288,485)	12,076,966

									Balance at
									31
					Balance at			Other	December
					1January 2021 f	Incoming resources f	Resources expended f	recognised gains/(losses) f	2021 f( s restated)
Unrestricted	funds
General
Unrestricted		Income Fund			10,676,000	917,649	(1,193,059)	753,611	11,154,201
Designated
Medical and		Retirement		Fund	1,697,139	33,284	(10,730)	251,952	1,971,645
Renovation		Fund			250,000				250,000
International		Members		Fund	50,000				50,000
					1,997,139	33,284	(10,730)	251,952	2,271,645
Total unrestricted			funds		12,673,139	950,933	(1,203,789)	1,005,563	13,425,846
Restricted
International		Projects			57,498	121,320	(59,974)		118,844
Total funds					12,730,637	1,072,253	(1,263,763)	1,005,563	13,544,690

					Total funds at	Total funds at
		Unrestricted	funds	Restricted	31December
		General f	Designated f	funds f		2022 f
Tangible	fixed assets	3,035,057				3,035,057
Fixed asset investments		5,006,984	1,659,545			6,666,529
Current	assets	2,199,766	300,000	92,652		2,592,418
Current	liabilities	(217,038)				(217,038)
Total net assets		10,024,769	1,959,545	92,652		12,076,966
					Total funds at
		Unrestricted	funds	Restricted	31December
		General f	Designated f	fundsf	f	2021 (As restated)
Tangible	fixed assets	3,105,672				3,105,672
Fixed asset investments		6,036,298	1,971,645			8,007,943
Current	assets	2,240,842	300,000	118,844		2,659,686
Current	liabilities	(228,611)				(228,611)
Total net assets		11,154,201	2,271,645	118,844		13,544,690

24 Analysis ofnet funds
					At 31
	At 1January	Rnancing	cash	Exchange	December
	2022	Rows		movement	2022
	f	f		f	f
Cash at bank and in hand	1,662,362	(241,596)		6,476	1,427,242
Current asset investments	790,032		529		790,561
Net debt	2,452,394	(241,067)		6,476	2,217,803
					At31
	At 1January	Rnancing	cash	Exchange	December
	2021	flows		movement	2021
	f	f		f	f
Cash at bank and in hand	1,682,289	(32,549)		12,622	1,662,362
Current asset investments	790,033		(1)		790,032
Net debt	2,472,322	(32,550)		12,822	2,432,334