2022-12-31-accounts - Agape Ministries Ltd

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Company Information
Report ofthe Trustees
Statement of Financial Activities	23
Balance Sheet
Cash Flow Statement	25
Notes to the Financial Statements

							Unrestricted	Restricted	Total funds	Total funds
							funds	funds	2022	2021
						Notes	E	E	E	E
INCOME AND	ENDOWMENTS				FROM:
Donations and	Legacies						4,106,741	120,403	4,227,144	3,584,949
Charitable Activities							6,607		6,607	1,129
Other trading activities							17,401		17,401	11,692
Investments							479		479	1,774
TOTAL INCOMING		RESOURCES				2	4,131,228	120,403	4,251,631	3,599,544
EXPENDITURE	ON:
Raising funds						3	16,931		16,931	70,364
Charitable activities						5	4,146,560	97,199	4,243,759	3,660,992
Other						4	16,956	7,097	24,053	20,765
TOTAL							4,180,447	104,296	4,284,743	3,752,121
Net (loss)/gain	on investments					12	(5,432)		(5,432)	3,356
NET (EXPENDITURE)/			INCOME				(54,651)	16,107	(38,544)	(149,221)
Transfer between		funds				17	16,736	(16,736)
Net movement	in	funds					(37,915)	(629)	(38,544)	(149,221)
Fund Balances	at Beginning			ofYear			1,335,303	332,112	1,667,415	1,816,636
FUND BALANCES		AT	END	OF YEAR			1,297,388	331,483	1,628,871	1,667,415

Company number 00949989	Company number 00949989	Notes	2022	2021
			6	E
FIXEDASSETS
Intangible fixed assets		10	15,962	58,493
Tangible assets		11	647,834	652,045
			663,796	710,538
CURRENT ASSETS
Investments		12	64,907	70,339
Term deposits		13	614,021	613,659
Stocks		14	10,934	1,155
Debtors		15	154,565	82,000
Cash at bank and in hand			223,162	251,346
			1,067,589	1,018,499
CREDITORS: AMOUNTS	FALLING DUE
WITHIN ONE YEAR		16	(102,514)	(61,622)
NET CURRENT ASSETS			965,074	956,877
NET ASSETS			1,628,871	1,667,415
Unrestricted funds		19	1,297,388	1,335,303
Restricted funds		20	331,483	332,112
TOTAL NET ASSETS			1,628,871	1,667,415

				Notes	2022	2021
					6	f
Cash flows from operating		activities:		21	(10,167)	(116,002)
Cash flows from investing		activities:
Investment income					117
Net purchase of property,	plant, and
equipment, including intangibles					(18,133)	(54,699)
Change in cash and cash	equivalents		in
the reporting period					(28,183)	(170,692)
Cash and cash equivalents		at the
beginning of the year				22	251,345	422,037
Cash and cash equivalents		at the end
of the year				22	223,162	251,345

each asset on a straight-line b	asis over its	expected
Freehold land	0%	per annum
Freehold property	2%	.per annum
Computer equipment	33 1/3%	per annum
Office equipment	33 1/3%	per annum
Motor vehicle	331/3%	perannum
Intangible Fixed Assets

						2022	2021
						E	6
Staff costs (note 8)						2,908,269	2,600,971
Depreciation of intangible			and	tangible	fixed assets	64,873	72,597
Hire of equipment	—operation			leases		6,904	3,976
Rent and Rates						9,341	9,818
Auditor's remuneration		—for audit				10,500	9,500

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INTANGIBLE FIXEDASSETS
	Toucan App	Website	Total
	6	E	6
COST
At 1 lanua ry 2022	257,002	39,038	296,040
Additions		845	845
Disposais
At 31 December 2022	257,002	39,883	296,885
DEPRECIATION
At 1 January 2022	212,164	25,383	237,547
Charge for the year	30,104	13,272	43,376
Disposais
At 31 December 2022	242,268	38,655	280,923
NET BOOK VALUE
At 31 December 2022	14,734	1,228	15,962
At 31 December Z021	44,838	13,655	58,493

TANGIBLE FIXEDASSETS
			Fixtures
	Freehold	Freehold	fittings &
	Land	Property	equipment	Total
	6	6	E	6
COST
At I January 2022	125,000	620,694	167,008	912.702
Additions			17,288	17,288
Disposals
At 31 December 2022	125,000	620,694	184,296	929,990
ACCUMULATED DEPRECIATION
At 1 January 2022		106,102	154,555	260,657
Charge for the year		12,414	9,085	21,499
Disposals
At 31 December 2022		118,516	163,640	282, '156
NET BOOK VALUE
At 31December 2022	125,000	502,178	20,656	647,834
At 31 December 2021	125,000	514,592	12,453	652,045

CURRENT ASSET INVESTMENTS
	2022
	6
Market Value as at 31 December 2021	70,339
Unrealised gain/(loss)	(5,432)
Net gains/(losses) for year	(5,432)
Market value at 31 December 202Z	64,907

TERM DEPOSITS
	2022
	E
Value at 31n December 2021	613,659
Interest earned	362
Value at 31st December 2022	614,021

			2022	2021
			E	6
Goods	for	resale	10,934	1,155

DEBTORS
		2022	2021
		6	E
Due within one year:
Trade debtors		250	18
Tax due as Gift	Aid	19	54
Other Debtors		9,956	14,401
Other Campus	Crusade Debtors	118,940	50,187
Prepayments		23,547	15,809
VAT		1,853	1,531
		154,565	82,000

WITHIN ONE	YEAR
		2022	2021
		E	E
Trade creditors		15,663	5,104
Other taxation	and social security costs	48,044	37,137
Pensions		543	0
Accruals		13,090	10,590
Deferred income		4,195	7,789
Other Campus	Crusade Creditors	3,001	750
Other Current	Liabilities	17,978	252
		102,514	61,622

		General	Designated	Restricted	Total
		funds	funds	funds	funds
		6	E	E	6
Balance	at 1 January 2022	180,736	1,154,567	332,112	1,667,415
(Deficit)	for the year	(12,932)	(41,719)	16,107	(38,544)
Transfers			16,736	(16,736)
Balance	at 31 December 2022	167,804	1,129,584	331,483	1,628,871

UNRESTRICTED FUNDS	UNRESTRICTED FUNDS	UNRESTRICTED FUNDS
				Balance at 1	Net	Unrealised		Balance at
				lanuary	Incoming	Gains on	Transfers	3'I
				2022	Resources	Investments		December
				E	E	6		2022
								6
Designated	Staff			653,416	26,581			679,997
Designated	Student			30,340	(2,861)			27,479
Designated	Non Campus			63,381	(4,042)		16,736	76,075
Designated	Projects and	Events		49,496	(41,887)			7,609
Designated	Fund Development			20,219	(10.939)			9,280
Designated	Urgent Needs		Fund	24,141	1,832			25,973
Designated	Conference	Fund		0	0		17,742	17,742
Designated	International		Mission
Projects				12,486	(8,805)			3,681
Designated	Funds for other CCC			0	23,107			23,107
Designated	(Fund Based)		Total	853,479	(17,014)		34,478	870,943
Designated	Premises			245,190	(5,317)			239,873
Designated	Equipment	Fund		3,043	604			3,647
Designated	Toucan Fund			44,838	(30,103)			14,735
Designated	Website Fund			8,017	(7,631)			386
				301,088	(42,447)			258,641
General Funds				180,736	10,242	(5,432)	(17,742)	167,804
Unrestricted	Funds			1,335,303	(49,219)	(5,432)	16,736	1,297,388

FINANCIAL	RESTRICTED FUNDS
			Fund raised for
			international
		Property	development
		Fund	projects	Total
		6	6	6
Balance at 1 January 2022		310,678	21,434	332,112
Net incoming	resources	(7,097)	23,204	16,107
Transfers			(16,736)	(16,736)
Balance at 31 December 2022		303,581	27,902	331,483

21.	RECONCILIATION OF NET	INCOME/(EXPENDITURE)	INCOME/(EXPENDITURE)	INCOME/(EXPENDITURE)	INCOME/(EXPENDITURE)	TO NET CASH	FLOW FROM	OPERATING ACTIVITIES
							2022	2021
							6	f.
	Net income/(expenditure)	for the	reporting		period	(as per the
	statement of financial activities)						(38,544)	(149,221)
	Adjustments for.
	Interest Receivable						(116)	(11)
	Depreciation charges						64,875	71,950
	(Gains)/losses on investments						5,432	(3,356)
	Interest on term deposits						(362)	(1765)
	(increase)/decrease in stocks						(9,779)	3,633
	(increase)/decrease) in debtors						(72,565)	(6,020)
	Increase/(decrease) in creditors						40,892	(31,121)
	Net cash provided by (used	in) operating		activities			(10,167)	(116,002)
22.	ANALYSIS OF CASH AND	CASH	EQUIVALENTS
							2022	2021
							6	E
	Cash in hand						633	283
	Notice deposits (less than	3 months)					222,529	251,063
	Total cash and cash equivalents						223,162	251,346

OTHER FINANCIAL COMMITMENTS	OTHER FINANCIAL COMMITMENTS
		Land &	buildings		Other
		2022		2021	2022	2021
Amounts payable on leases which expire:
Within one	year				3,400	3,976
Within two	to five years				4,700	1,738
					8,100	5,714
ANALYSIS	OF NET ASSE1'S BETWEEN FUNDS
		Unrestricted		funds
		General	Designated		Restricted
		funds		funds	funds	Total
					E	E
Fund balances at 31December 2022 are
represented	by:
Fixed assets		101,576		258,641	303,581	663,798
Net Current	Assets	66,228		870,943	27,902	965,073
Balance at 31 December 2022		167,804		1,1?9,584	331,483	1,628,871

					Unrestricted	Restricted	Total funds
					funds	funds	2021
				Notes	E	E	E
INCOME AND ENDOWMENTS			FROM:
Donations and Legacies					3,572,658	12,291	3,584,949
Charitable Activities					1,129		1,129
Other trading activities					11,692		11,692
Investments					1.774		1,774
TOTAL INCOMING	RESOURCES			2	3,587,253	12,291	3,599,544
EXPENDITURE ON:
Raising funds				3	70,364		70,364
Chantable activities				5	3,646,199	14,793	3,660,992
Other				4	14,035	6,730	20,765
TOTAL					3,730,598	21,523	3,752,121
Net gains on investments				12	3,356		3,356
NET (EXPENDITURE)/		INCOME			(139,989)	(9,232)	(149,221)
Transfer between	funds			17
Net movement in	funds				(139,989)	(9,232)	(149,221)
Fund Balances at Beginning of Year					1,475,292	341,344	1,816,636
FUND BALANCES	AT	END OF	YEAR		1,335,303	332,112	1,667,415