|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| ## ## ## ## ## ## ## ## ## ## ## ## ## |||||4I0|||~
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LD| ## ## |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.||||||||