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2022-12-31-accounts

Trustees Rev W F McCurrie
Mr D Harvey
Mr CJ K Smith
Mr EMacdonald
Mr JA Knox
Mr R WTrainer
Mr SRWest (Appointed 1 October 2022)
Dr FA levine (Appointed 1 October 2022)
Secretary Rev W F McCurrie
Charity number 258253
Company number 00945991
Principal address 22 Little Church Street
Rugby
Warwickshire
CV21 3AW
Registered office 22 Little Church Street
Rugby
Warwickshire
CV21 3AW
Auditor Plummer
Parsons
18Hyde Gardens
Eastbourne
East Sussex
BN21 4PT
Bankers Barclays Bank PLC
North Street
Rugby
Warwickshire
CV21 2AH

Page
Trustees'
report		 1-8
Statement oftrustees' responsibilities
Independent
auditor's		 report 10-13
Statement offinancial activities 14-15
Statement offinancial position
Statement ofcash flows 17
Notes to the financial statements 18-30

Current financial year
Unrestricted Unrestricted Total Total
funds funds
general Designated
2022 2022 2022 2021
Notes 5 6 6 5
Income and endowments from:
Donations
and legacies		 3 861,990 1,848,159 2,710,149 1,318,244
Other trading
activities		 4 12,615 12,615 7,493
Investments 5 8,064 8,064 878
Other income 6 91
Total income 882,669 1,848,159 2,730,828 1,326,706
~E*
du
Activities for generating funds 7 75,655 75,655 39,797
Spreading
the Gospel
in		 eastern Europe 8 403,993 1,691,502 2,095,495 1,404,327
Total expenditure 479,648 1,691,502 2,171,150 1,444,124
Net gains/(losses)
on investments		 12 (49,982) (49,982)
Net incoming/(outgoing) resources before transfers 353,039 156,657 509,696 (117,418)
Gross transfers
between		 funds (307,852) 307,852
Net incoming/(outgoing) resources 45,187 464,509 509,696 (117,418)
Other recognised
gains		 and losses
Other gains or losses 14 1,836 (78) 1,758 (2,272)
Net movement
in funds		 47,023 464,431 511,454 (119,690)
Fund balances at 1 January 2022 581,643 1,260,260 1,841,903 1,961,593
Fund balances at 31December 2022 628,666 1,724,691 2,353,357 1,841,903

Prior financial year
Unrestricted
Unrestricted		 Total
funds funds
general Designated
2021 2021 2021
Notes f 8 8
Income and endowments from:
Donations
and		 legacies 831,600 486,644 1,318,244
Other trading
activities		 7,493 7,493
Investments 878 878
Other income 91 91
Total income 840,062 486,644 1,326,706
~E*
dit
Activities for generating funds 39,797 39,797
Spreading
the		 Gospel in eastern Europe 8 379,175 1,025,152 1,404,327
Total expenditure 418,972 1,025,152 1,444,124
Net gains/(losses)
on		 investments 12
Net incoming/(outgoing) resources before transfers 421,090 (538,508) (117,418)
Gross transfers between funds (287,691) 287,691
Net incoming/(outgoing) resources 133,399 (250,817) (117,418)
Other recognised
gains		 and losses
Other gains or losses 14 (953) (1,319) (2,272)
Net movement in funds 132,446 (252,136) (119,690)
Fund balances at 1 January 2021 449,197 1,512,396 1,961,593
Fund balances at 31 December 2021 581,643 1,260,260 1,841,903

2022 2021
Notes 6 F
Fixed assets
Property,
plant and equipment		 15 160,889 146,817
Investments 16 150,018
310,907 146,817
Current assets
Inventories 17 8,670 6,004
Debtors falling due after one year 18 33,724 38,868
Debtors falling due within one year 18 79,873 115,006
Cash at bank and in hand 1,936,483 1,547,633
2,058,750 1,707,511
Current
liabilities		 19 (16,300) (12,425)
Net current assets 2,042,450 1,695,086
Total assets less current liabilities 2,353,357 1,841,903
Income funds
Unrestricted
funds - Designated		 21 1,724,691 1,260,260
Unrestricted
funds - general		 628,666 581,643
2,353,357 1,841,903

2022 2021
Notes 6 F
Cash flows from operating activities
Cash generated
from/(absorbed
by)		 23
operations 601,286 (116,901)
Investing activities
Purchase of property,
plant		 and equipment (20,500) (469)
Purchase ofinvestments (200,000)
Investment income received 8,064 878
Net cash (used in)/generated from
investing activities (212,436) 409
Net cash used in financing activities
Net increase/(decrease)
in		 cash and cash
equivalents 388,850 (116,492)
Cash and cash equivalents at beginning ofyear 1,547,633 1,664,125
Cash and cash equivalents at end ofyear 1,936,483 1,547,633

Buildings Straight
line over fifty years		 Straight
line over fifty years
Computer
equipment		 25% Reducing balance
Fixtures and fittings 15% Reducing balance
Motor vehicles 20% Reducing balance

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4 Other trading activities
Unrestricted Unrestricted
funds funds
general general
2022 2021
5 6
Sale ofbooks, CDs and cassettes 12,615 7,493
5 Investments
Unrestricted Unrestricted
funds funds
general general
2022 2021
5 6
Interest receivable 8,064 878
Total Unrestricted
funds
general
2021
6
Other income 91
7 Activities for generating funds
Unrestricted Unrestricted
funds funds
general general
2022 2021
5 6
Costs of eneratin volunta income
Conference expenses 31,168 109
Advertising 18,072 17,508
Support costs 21,787 22,082
Costs ofgenerating voluntary income 71,027 39,699
Costs of cods sold and conference ex enses
Other trading activities 4,628 98
75,655 39,797

Spreading Spreading
the Gospel the Gospel
in eastern in eastern
Europe Europe
2022 2021
E 8
Direct costs 1,691,501 1,025,151
Telephone 737 567
Motor 3,110 3,303
Sundry expenses 174
1,695,348 1,029,195
Share ofsupport costs (see note 9) 386,815 362,677
Share ofgovernance costs (see note 9) 13,332 12,455
2,095,495 1,404,327
Analysis by fund
Unrestricted funds - general 403,993 379,175
Unrestricted funds - Designated 1,691,502 1,025,152
2,095,495 1,404,327

Supportcosts
Support Governance 2022 Support Governance 2021
costs costs costs costs
F F
Staffcosts 325,679 325,679 326,038 326,038
Depreciation 6,428 6,428 5,876 5,876
Direct costs 5,851 5,851 1,033 1,033
Rent and rates 977 977 1,072 1,072
Insurance 2,636 2,636 2,644 2,644
Light and heat 1,938 1,938 1,167 1,167
Repairs and
maintenance 20 20 172 172
Telephone 1,951 1,951 3,070 3,070
Printing,
postage,
stationery
and computer
costs 28,743 28,743 29,410 29,410
Motor and travel 21,700 21,700 8,492 8,492
Sundry expenses 12,679 12,679 5,785 5,785
Audit fees 7,488 7,488 6,960 6,960
Accountancy 5,200 5,200 5,160 5,160
Trustees'
meeting costs		 644 644 335 335
408,602 13,332 421,934 384,759 12,455 397,214
Analysed
between
Fundraising 21,787 21,787 22,082 22,082
Charitable
activities		 386,815 13,332 400,147 362,677 12,455 375,132
408,602 13,332 421,934 384,759 12,455 397,214

2022 2021
Number Number
Mission team members/Field workers
Administration and promotion
Total 10 10
Employment costs 2022 2021
E E
Wages and salaries 271,654 271,797
Social security costs 24,684 23,854
Other pension costs 29,341 30,387
325,679 326,038

Unrestricted Total
funds
general
2022 2021
E E
Revaluation ofinvestments (49,982)

Other g ains or lo sses
Unrestricted Unrestricted Total Unrestricted Unrestricted Total
funds funds funds funds
general Designated general Designated
2022 2022 2021 2021 2021
E E E' F F
Foreign exchange gains (1,836) 78 (1,758) 953 1,319 2,272

Buildings Computer Fixtures and Motor vehicles Fixtures and Motor vehicles Total
equipment fittings
F F
Cost
At 1 January 2022 151,498 7,182 48,797 68,763 276,240
Additions 20,500 20,500
At 31 December 2022 151,498 7,182 48,797 89,263 296,740
Depreciation and impairment
At 1 January 2022 18,179 3,998 48,304 58,942 129,423
Depreciation charged in the year 2,272 796 74 3,286 6,428
At 31 December 2022 20,451 4,794 48,378 62,228 135,851
Carrying
amount
At 31 December 2022 131,047 2,388 419 27,035 160,889
At 31 December 2021 133,319 3,184 493 9,821 146,817
2022 2021
6 6
Finished goods and goods for resale 8,670 6,004

18 Trade and other rece ivables
2022 2021
Amounts
falling due		 within one year: E E
Trade receivables 56,841 90,954
Other receivables 16,891 16,720
Prepayments
and accrued income		 6,141 7,332
79,873 115,006
2022 2021
Amounts
falling due		 after more than one year: F E
Other receivables 33,724 38,868
Total debtors 113,597 153,874
19 Current
liabilities
2022 2021
E E
Other taxation and social security 1,984 985
Trade payables 3,426 1,234
Accruals and deferred income 10,890 10,206
16,300 12,425

The income
funds		 of the charity of the charity include the
following
project		 the
following
project		 funds which have been partly funded
by
specified
donations		 and partly
by		 monies set aside out of unrestricted
funds		 by the trustees for specific
purposes:
Movement in funds
Balance at 1 Receipts Payments Fund Revaluations, Balance at 31
January transfers gains and December 2022
2022 losses
5 5 5 F 6
Support ofEast
European
Ministries		 51,945 15,573 (28,922) (78) 38,518
Support of Mission
Schools 18,136 12,443 (26,712) 22,141 26,008
East European
Leadership
Support		 326,928 244,797 (375,290) 84,658 281,093
Phoebe Projects 6,438 18,900 (30,523) 16,718 11,533
Literature
Ministries		 10,952 20,573 (29,436) 15,781 17,870
Radio Ministries 35,999 19,554 (17,420) 10,000 48,133
Vehicles for Eastern
Europe 18,604 1,094 (4,803) 14,895
Widows Project 38,470 (62,316) 34,546 10,700
Special Projects 338,677 1,476,755 (1,116,080) 71,410 770,762
Media/Website 10,080 10,080
Loansissued 150,000 150,000
967,759 1,848,159 (1,691,502) 255,254 (78) 1,379,592

22 Analysis of net assets between between funds
Unrestricted Designated Total Unrestricted Designated Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
E F. E E E E
Fund balances at 31
December 2022 are
represented
by:
Property,
plant and
equipment 160,889 160,889 146,817 146,817
Investments 150,018 150,018
Current assets/(liabilities) 2,042,450 2,042,450 581,643 1,113,443 1,695,086
2,192,468 160,889 2,353,357 581,643 1,260,260 1,841,903
23 Cash generated
from		 operations 2022 2021
E E
Surplus/(deficit)
for the		 year 509,696 (117,418)
Adjustments
for:
Investment
income recognised		 in statement offinancial activities (8,064) (878)
Foreign exchange differences 1,758 (2,272)
Fair value gains and losses on investments 49,982
Depreciation
and impairment		 of property, plant and equipment 6,428 5,876
Movements
in working		 capital:
(Increase)
in inventories		 (2,666) (1,449)
Decrease/(increase)
in		 trade and other receivables 40,277 (2,857)
Increase
in trade and other payables		 3,875 2,097
Cash generated
from/(absorbed		 by) operations 601,286 (116,901)
24 Analysis ofchanges
in net funds
The charity had no debt during the year.