| Schedule of legal and administrative Report ofthe directors Report ofthe auditors Statement of Financial Activities Balance sheet Notes to the financial statements |
information | 1 2-6 7-8 9 10 11—15 |
|---|---|---|
| Total | Total | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | |||||
| Funds | Funds | |||||
| 2021f | 2020 | |||||
| Notes | ||||||
| Income | ||||||
| Income from listed investments | 16,974 | 23,572 | ||||
| Property income |
103,672 | 80,112 | ||||
| Bank interest receivable | 11 | 318 | ||||
| Totalincome | 120657 | 104 002 | ||||
| Expenditure on |
||||||
| Raising funds: | ||||||
| Investment management |
costs | 15,082 | 16,468 | |||
| Property costs | 13,317 | 12,402 | ||||
| Charitable activities: |
||||||
| Grants payable | 126,041 | 118,372 | ||||
| Support costs | 10869 | 8216 | ||||
| Total expenditure | 165309 | 155458 | ||||
| (44,652) | (51,456) | |||||
| Gains/(losses) on investments |
432 463 | 32 670 | ||||
| Net income/(expenditure) | 387,811 | (84,126) | ||||
| Being Net movement | in | funds | ||||
| Fund balances brought |
forward | 4229 668 | 4 | 313794 | ||
| Fund balances carried | forward |
| EXPENDITURE | ||||||
|---|---|---|---|---|---|---|
| Raising | Charitable | Total | Total | |||
| Unrestricted | fundsf | activities f |
2021 f |
2020 f |
||
| Grants payable (Note 7) Project Officer's services Postage, stationery, telephone Investment management and Audit fees |
&travel custodian fees |
15,083 | 126,041 6,000 343 3,960 |
126,041 6,000 343 15,083 3,960 |
118,372 6,000 815 16,468 3,960 |
|
| Bank charges & interest Sundry expenses Property repairs Bad debt provision Insurance |
2,309 1,271 |
565 | 565 2,309 1,271 |
700 1,489 1,941 (4,748) 1,243 |
||
| Land agent's fees and expenses |
9737 ~24~0 |
~16899 | 9737 ~165 6 |
9218 ~1458 |
| GRANTS PAYABLE | GRANTS PAYABLE | ||||
|---|---|---|---|---|---|
| During the year grants were made to institutions and individuals, to Ministry, teachers in theological education, theological institutions |
assist those training for Christian in the Majority world and those |
||||
| seeking to assist in the Majority world, as follows: | 2021 | 2020 | |||
| F | |||||
| Grants to Institutions African International University All Nations Christian College Asian Theological Seminary Association ofTheological Education Nepal Atiri Bible School |
4,800 1,850 5,000 1,600 |
5,300 1,850 5,000 1,800 |
|||
| ral Africa) Bangkok Bible Seminary Bangladesh Bible Correspondence College Christian Service University College Kumasi Cornerstone Christian College, Capetown Discipleship Training Centre —Singapore Emanuel University Romania Ethiopian Graduate School ofTheology Evangelical University (formerly Theol. Coll Cent Faculte de Theologie Evangelique de Bangui Faculte de Theologie Evangelique Shalom |
4,100 1,500 2,500 3,200 1,050 1,500 2,400 1,550 3,000 |
1,250 1,500 2,500 2,700 1,950 1,500 2,400 1,550 3,000 |
|||
| Burundi at.ion) Great Lakes School of Theology and Leadership, (via Partners Trust International) Instituto Superior de la Iglesia Evangelica International Fellowship of Evangelical Students Kathmandu Institute ofTheology Koinonia Theological Seminary, Davao Langham Preaching Langham Scholarships Latin Link London School of Theology Nagaland Bible College North India Institute for Theological Studies Operation Mobilisation (via Good Shepherd Found Oxford Centre for Mission Studies Pan African Christian College Palm Ministries Penuel School of Theology Proclamation Zambia |
1,500 1,500 16,100 1,500 1,700 2,500 13,700 9,376 3,200 1,900 1,700 1,350 7,000 5,700 1,500 1,500 1,700 |
2,000 1,200 16,100 1,500 1,650 2,500 13,700 1,660 1,900 1,700 7,000 5,700 2,100 1,500 1,700 |
|||
| Romania Ministries Scripture Union International Seminario Evangelico do Puerto Rico Solomon Trust South Asia Institute ofAdvanced Christian Studies Theological College of Northern Nigeria Uganda Bible Seminary |
12,065 1,400 2,100 3,000 126,041 |
12,042 6,020 2,100 1,500 1 500 117,372 |
|||
| Grants to Individuals | 1 000 | ||||
| Total Grants Payable |
| Investment | Listed | ||||
|---|---|---|---|---|---|
| property | Investments | Total | |||
| Market value At 6th April 2020 Additions |
2,230,000 | 1,807,590 449,222 |
4,037,590 449,222 |
||
| Disposals Unrealised At 5th April |
gains 2021 |
in year | 2-230&% | (357,543) 354 043 &2%212 |
(357,543) 354043 4.4I3Z2 |
| Cost At 5th April |
2021 | ~37 879 |
1 991 993 | 2 371 872 |
| Cost At 5th April 2021 ~37 879 1 991 993 |
Cost At 5th April 2021 ~37 879 1 991 993 |
2 371 872 | |
|---|---|---|---|
| The investment properties were valued on an open market basis at 5'"April 2021, by |
the Directors, | ||
| using information from the land agents. |
|||
| 9 | DEBTORS | 2021 | 2020 F |
| Other debtors and prepayments | 88225 | 33~96 | |
| 10 | CREDITORS: Amounts falling due within one year |
2021 | 2020 |
| Other creditors | 10,674 | 900 | |
| Accruals and deferred income |
11 162 | 7247 ~7 |
|
| 11 | REVALUATION RESERVE At 6 April 2020 Adjustments for additions and disposals Unrealised gains in year At 5 April 2021 |
1,665,718 91,679 354 043 2 111440 |