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||INDEX||
|---|---|---|
|||Page|
|Annual
Report||1 —11|
|Independent
Auditors'|Report|12 —10|
|Statement of Financial|Activities|15|
|Balance Sheet||16|
|Statement of Cash Flows||17|
|Notes to the Accounts||18 —30|
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|he Board of Trustees
listed
below
nless stated otherwise:|have continued
to serve
from
1 April 2020|to the date|
|---|---|---|
|Paul Valler (Chairman)|Victoria Lawrence
(Appointed|25.02.2021)|
|Karen Brown|Paul Williams||
|Katie Harrison|Keith Wilson (Treasurer)||
|John Ibbett|Vanessa
Wilson||
|Jessica Lacey|Paul Woolley (Resigned 16.07.2020)||
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|The senior management
tea|m for the year to 31.3.2021 was:|m for the year to 31.3.2021 was:|
|---|---|---|
|Mark Greene|Executive Director (Until 31.12.2020)||
|Tracy Cotterell|Managing
Director,
Mission (Left|31.8.2020)|
|Nigel
Hall|Operations
Director||
|Brian Ladd|Finance and Development
Director||
|David Leeds|Head of Communications||
|Richard Montgomery|Managing
Director, Organisation|(LeR 30.6.2020)|
|Paul Woolley|Chief Executive (from 1.1.2021)||
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|||Unrestricted|Restricted|Endowment|2021|2020|
|---|---|---|---|---|---|---|
||Notes|Funds
I|Funds
E|Funds
E|TotalI|Total
E|
|INCOME FROM:|||||||
|Donations
and legacies||1,305,229|235,516||1,540,745|1,306,887|
|Charitable
activities||71,009|||71,009|152,942|
|Other trading
activities||2,660|||2,660|39,779|
|Investments|4|18,961|581|3,172|22,714|24,396|
|Total Income||1 397859|236097|3 172|1637128|3524 004|
|EXPENDITURE ON:|||||||
|Raising
Funds|5|48,232|||48,232|98,129|
|Charitable
Activities|6|1,184,624|268,511||1,453,135|1,407,645|
|Total Expenditure||1232856|268511||1501367|1505774|
|Net Income/(Expenditure)|||||||
|before gains/(losses)
on|||||||
|Investments|9|165,003|(32,414)|3,172|135,761|18,230|
|Other Recognised
Gains|||||||
|and Losses|||||||
|Net gains/(losses)
on|||||||
|Investments|13|156,471|3,206|17,507|177,184|(66,087)|
|Net Income/(Expenditure)||321,474|(29,208)|20,679|312,945|(47,857)|
|Transfers
between
funds|||||||
|Net Movement
in Funds||321,474|(29,208)|20 679|3127945|(47857)|
|Fund balances
brought
forward||968,410|123,094|49904|171417408|171897265|
|Fund balances
carried
forward||E1,289,884|E93,886|E70 583|6174547353|E1141408|
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|||||2021|2021|2020|2020|
|---|---|---|---|---|---|---|---|
||||Notes|E|E|E||
|FIXED ASSETS||||||||
|Tangible Assets|||11||11,994||11,845|
|Intangible
Assets|||12||38,949||50,918|
|Investments|||13||786 512||603 627|
||||||837,455||666,290|
|CURRENT ASSETS||||||||
|Stocks||||29,966||33,211||
|Debtors|||14|79,372||49,224||
|Cash Deposits||||194,103||162,136||
|Cash at Bank and|in|Hand||409 442||357 511||
|||||712,883||602,082||
|Creditors: Amounts||falling||||||
|due within one year|||15|(95,985)||(126,964)||
|Net Current Assets|||||616,898||475,118|
|Total Assets less
Liabilities|Current||||E1,454,353||E1,141,408|
|Funds||||||||
|Capital
Funds||||||||
|Endowments|||17||70,583||49,904|
|Income Funds||||||||
|Restricted
Funds|||18||93,886||123,094|
|Unrestricted
Funds:||||||||
|Designated
Fund|||19|691,994||606,852||
|General
Fund||||697 890||361668||
||||||1,289,884||968,410|
||||||E1,454,353||E1,141,408|
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|||2021|2021|2020|2020|
|---|---|---|---|---|---|
|||E|E|E|E|
|CASH FLOWS FROM OPERATING||||||
|ACTIVITIES||||||
|Net income/(expenditure)
for the year||312,945||(47,857)||
|Adjustments
for:||||||
|Depreciation
charges||7,285||5,858||
|Loss on disposal of fixed assets||||||
|Amortisation
charges||11,969||8,925||
|Interest||(22,714)||(24,396)||
|Accumulated
income||(5,801)||(6,835)||
|(Gains)/losses
on investments||(177,184)||66,087||
|(Increase)/decrease
in stocks||3,245||(6,'i14)||
|(Increase)/decrease
in debtors
Increase/(decrease)
in creditors||(30,148)
~39979||11,176
~94 134||
|NET CASH PROVIDED BY(USED|||68,618||(47,590)|
|IN) OPERATING ACTIVITIES||||||
|CASH FLOWS FROM INVESTING||||||
|ACTIVITIES||||||
|Interest and dividends
received||22,714||24,396||
|Purchase of tangible
fixed assets||(7,434)||(7,883)||
|Purchase of intangible
fixed assets
Purchase of investments||||(31,010)
~151723||
|NET CASH (USED IN) PROVIDED||||||
|BYINVESTING ACTIVITIES|||15,280||(166,220)|
|Change
in cash and cash equivalents|in|||||
|the year|||83,898||(213,810)|
|Cash and cash equivalents
at the||||||
|beginning
ofthe year|||519,647||733,457|
|Cash and cash equivalents
at the end
ofthe year|||E603,545||E519,647|
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||Total|Total|
|---|---|---|
||2021|2020|
||E|E|
|Bank Interest|1,575|2,826|
|Income from Fixed Asset Investments|21 139|21 579|
||922 714|924 399|
|AISING FUNDS|||
||Total|Total|
||2021|2020|
||E|E|
|Direct Staff Costs|27,308|47,003|
|Other Direct Costs|3,175|16,631|
|Support Costs (See Note 7)|17 749|34 495|
||E48,232|E98,129|
|All costs of raising funds are unrestricted.|||
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||||||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2021|2020|
||||||||||||E|E|
|Direct Staff|Costs||||||||||771,664|662,840|
|Other Direct||Costs|||||||||179,937|258,353|
|Support Costs (See Note|||7)||||||||501 534|486 452|
||||||||||||E1,453,135|E1,407,645|
|SUPPORT COSTS|||||||||||||
|||||Raising||||||Charitable|Total|Total|
||||||Funds|||||Activities|2021|2020|
||||||||E|||E|E|E|
|Staff Costs|||||7,513|||||212,314|219,827|205,651|
|Premises Costs|||||3,713|||||104,935|108,648|96,828|
|Office Costs|||||1,320|||||37,303|38,623|47,217|
|Governance||||||145||||4,104|4,249|3,917|
|Other Costs|||||5|058||||142878|147 936|167 334|
|||||E17||749||||E501 534|E519283|E520 947|
|STAFF COSTS|||||||||||||
||||||||||||Total|Total|
||||||||||||2021|2020|
||||||||||||E|E|
|Gross Salary||Costs|||||||||854,471|761,067|
|NIC Employer's|||||||||||83,953|78,252|
|Pension
Employer's|||||||||||80 374|76 175|
||||||||||||E1,018,798|E915,494|
|The average||headcount|during|the year||||was:|||21.3|19.8|
|The
average
number|||of|staff|||(full||time||||
|equivalent)|during the year was:||||||||||19.3|18.1|
|The
total||employee|benefits||of|||the|Key||||
|Management||Personnel|ofthe|Charity,|||defined as||||||
|the Senior Management|||Team|as|identified||||in the||||
|Trustee Report were:|||||||||||E3511184|E231 662|
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|his is stat|ed after charging:|||
|---|---|---|---|
|||Total|Total|
|||2021|2020|
|||E|E|
|Auditors'|remuneration|||
|Statutory|audit —current year|3,350|3,917|
|Depreciation||7,285|5,858|
|Amortisation||11969|8 925|
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||Fixtures
86|Office|Computer||
|---|---|---|---|---|
||Fittings|Equipment|Equipment|Total|
||E|E|E|E|
|Cost|||||
|At start of year|17,586|37,499|42,474|97,559|
|Additions
Disposals||~2496|7,434
~19657|7,434
~22 153|
|At 31"March 2021|17 586|35 003|30 251|82 840|
|Depreciation|||||
|At start of year|16,824|35,274|33,616|85,714|
|Charge for the year
Dispose Is|121|1,483
~2496|5,681
~19657|7,285
~22 153|
|At 31s March 2021|16 945|34261|19640|70 846|
|Net Book Values|||||
|At 31s March 2021|E641|E742|E10611|E11994|
|At 1s April 2020|E762|E2 225|E8 858|E11845|
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||CRM System|
|---|---|
||E|
|Cost||
|At start of year|59,843|
|Additions||
|Disposals||
|At 31"March 2021|59 843|
|Amortisation||
|At start of year|8,925|
|Charge for the year|11,969|
|Disposals||
|At 31"March 2021|20 894|
##
|At|31"March 2021|E38 949|
|---|---|---|
|At|1"April 2020|E50918|
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|Total|Total|
|---|---|
|2021|2020|
|E|E|
|603,527|511,056|
|5,801|158,558|
|177184|~66087|
|E786,512|E603,527|
|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||||Market||Market|
||||Cost||Value|Cost|Value|
||||E||E|E|E|
|BlackRock||Common||||||
|Investment||Fund|89,133||134,451|89,133|107,973|
|M 86 G Charifund|||138,568||139,461|132,765|107,485|
|CCLA COIF|||126,500||175,633|126,500|145,511|
|Epworth|AIF||78,986||80,553|78,986|64,185|
|Sarasin|Alpha CIF||126,500||164,019|126,500|135,827|
|Endava|pic||31723||92 395|31723|42 546|
||||6591410||E786 512|E585 607|E603 527|
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|DEBTORS||||||
|---|---|---|---|---|---|
|||||Total|Total|
|||||2021|2020|
|||||E|E|
|Due Within One Year||||||
|Trade Debtors||||200|6,512|
|Prepayments|and accrued||income|74,988|33,952|
|Other Debtors||||4 184|8760|
|||||E79 372|E49 224|
|REDITORS:|Amounts|falling due within one year||||
|||||Total|Total|
|||||2021|2020|
|||||E|E|
|Trade Creditors||||7,705|32,313|
|PAYE and Social Security|||costs|26,896|23,234|
|Accruals and Deferred Income||||61384|71417|
|||||E99986|6126 964|
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|||||E|
|---|---|---|---|---|
|As at 1s|April 2020|||35,705|
|Released|to the Statement|of Financial|Activities|(35,705)|
|Deferred|in the current year|||10487|
|As at 31s March 2021||||E10 487|
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|2021||||Balance at 1"|Movement|in Funds|Balance at31"|
|---|---|---|---|---|---|---|---|
|||||April 2020|Income|Gains/|March 2021|
|||||||(Losses) on||
|||||||InvestmentsI||
|Endowment|Fund|82|Legacy|||||
|Contingency|Fund|||49,904|3,172|17,507|70,583|
|||||E49,904|E3 172|E17507|E70 5113|
|2020||||Balance at 1"|Movement|in Funds|Balance at31"|
|||||April 2019|Income|Gains/|March 2020|
|||||||(Losses) on||
|||||||InvestmentsI||
|Endowment|Fund|82|Legacy|||||
|Contingency|Fund|||59,820|2 323|(12,239)|49,904|
|||||E59920|12 323|~E 12,239|599909|
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|2021||||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Balance at
1"April|Income|Expenditure|Transfers/
Gains on||Balance
at 31~|
|||||2020|||Investments||March|
||||||||||2021|
||||||||||E|
|Principal||trust funds||||||||
|Dick Bird||Fund||9 140|581|4 979||3206|7948|
|||||9,140|581|(4,979)||3,206|7,948|
|Otherfunds||||||||||
|Imagine||Project|||27,926|(27,926)||||
|The Workplace|||||18,353|(18,353)||||
|Bible ik Culture|||||18,215|(18,215)||||
|CRM System||||56,524||(30,021)|||26,503|
|Sustaining
Disciples||Transformative||57,430|135,310|(152,475)|||40,265|
|Growing||on the Frontline|||35 712|16542|||19 170|
|||||113,954|235,516|(263,532)|||85,938|
|||||E123094|E236097|E 268 511|E3 206||E93886|
|2020||||||||||
|||||Balance at
1aApril|Income|Expenditure|Transfers/
Gains on||Balance
at 31~|
|||||2019|||Investments||March|
||||||||||2020|
||||||||||E|
|Principal||trust funds||||||||
|Dick Bird||Fund||16926|657|4 980|3463||9 140|
|||||16,926|657|(4,980)|(3,463)||9,140|
|Otherfunds||||||||||
|Imagine|Project||||65,355|(65,355)||||
|The Workplace|||||83,584|(83,584)||||
|Bible 8r Culture|||||27,675|(27,675)||||
|Core Concept|||Filming|1,927||(1,927)||||
|CRM System||||137,124|100|(80,700)|||56,524|
|Sustaining
Disciples||Transformative|||191,290|(133,860)|||57,430|
|||||139,051|368,004|(393,101)|||113,954|
|||||E155977|E368661|E 398081|E 3 463||E123094|
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|ESIGNATED FUNDS|||||||
|---|---|---|---|---|---|---|
|2021||Balance at|Income|Utilised|Transfers/|Balance at|
|||31»March|And New|During|Gains on|31»March|
|||2020|Allocations|Year|Investments|2021|
|||E|E|E|E|E|
|Baker Fund||10,007|636|(14,154)|3,511||
|Resource Development
Infrastructure|66|250,000|125,000|||375,000|
|Setting God's People Free
Project||150,000||||150,000|
|Premises
Reserve||125,000||||125,000|
|Staff Recruitment||60,000||(30,000)||30,000|
|Fixed Asset Fund||11845|149|||11994|
|||6666 852|E125 785|~E44 154|E3 511|6691994|
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|DESIGNATED FUNDS|(con|tinued)|||||
|---|---|---|---|---|---|---|
|2020||Balance at|Income|Utilised|Transfers/|Balance at|
|||1»April
2019|And New
Allocations|During
Year|Gains on
Investments|31»March
2020|
|||E|E|E|E|E|
|Baker Fund||33,894|1,316|(18,269)|(6,934)|10,007|
|Resource Development
Infrastructure|86|250,000||||250,000|
|Setting God's People Free
Project||175,000||(25,000)||150,000|
|Premises
Reserve||60,000|65,000|||125,000|
|Staff Recruitment|||60,000|||60,000|
|Fixed Asset Fund||9820
6528 714|2 025
E128 341|~643 269|~66 934|11845
5606 852|
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|NALYSIS|OF NET ASS|ETS BET|WEEN FUNDS||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment||
||||Funds|Funds|Funds|Total|
||||E.|E|E|E|
|Fund balances at 31»||March|||||
|2021are represented||by|||||
|Tangible
Fixed Assets|||11,994|||11,994|
|Intangible|Fixed Assets||38,949|||38,949|
|Investments|||707,981|7,948|70,583|786,512|
|Net Current|Assets||530960|85938||616898|
|Net Total|Net Assets||EI 289 884|E93886|E70 583|E1 454 353|
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||||Unrestricted|Restricted|Endowment|2020|2019|
|---|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|Total|Total|
|||Notes|E|E|6|6|E|
|INCOME FROM:||||||||
|Donations
and legacies|||938,883|368,004||1,306,887|1,331,718|
|Charitable
activities|||152,942|||152,942|121,917|
|Other trading
activities|||39,779|||39,779|44,136|
|Investments|||21,416|657|2,323|24,396|20,719|
|Total Income|||1 153020|368 661|2 323|1524 004|1510490|
|EXPENDITURE ON:||||||||
|Raising
Funds||5|98,129|||98,129|83,417|
|Charitable
Activities||6|1,009,564|398,081||1,407,645|1,330,456|
|Total Expenditure|||1 107693|398081||1505774|1413873|
|Net Income/(Expenditure)||||||||
|before gains/(losses)|on|||||||
|Investments||9|45,327|(29,420)|2,323|183230|1047617|
|Other Recognised|Gains|||||||
|and Losses||||||||
|Net gains/(losses)
on||||||||
|Investments||13|(50,385)|(3,463)|(12,239)|(66,087)|17,054|
|Net Income/(Expenditure)|||(5,058)|(32,883)|(9,916)|(47,857)|121,671|
|Transfers
between
funds||||||||
|Net Movement
in Funds|||(5,058)|(32,883)|(9,916)|(47,857)|121,671|
|Fund balances brought
forward|||973,468|155,977|59,820|1,189,265|1,067,594|
|Fund balances carried
forward|||E968,410|F123,094|649,904|61,141,408|61,189,265|