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|Schedule of legal and administrative<br>Report ofthe directors<br>Report ofthe auditors<br>Statement<br>of Financial Activities<br>Balance sheet<br>Notes to the financial statements|information|1<br>2-6<br>7-8<br>9<br>10<br>11—15|
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|||||Total||Total|
|---|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted||
|||||Funds||Funds|
|||||2021f||2020|
||||Notes||||
|Income|||||||
|Income from listed investments||||16,974||23,572|
|Property<br>income||||103,672||80,112|
|Bank interest receivable||||11||318|
|Totalincome||||120657||104 002|
|Expenditure<br>on|||||||
|Raising funds:|||||||
|Investment<br>management||costs||15,082|16,468||
|Property costs||||13,317|12,402||
|Charitable<br>activities:|||||||
|Grants payable||||126,041|118,372||
|Support costs||||10869|8216||
|Total expenditure||||165309||155458|
|||||(44,652)||(51,456)|
|Gains/(losses)<br>on investments||||432 463||32 670|
|Net income/(expenditure)||||387,811||(84,126)|
|Being Net movement|in|funds|||||
|Fund balances<br>brought|forward|||4229 668|4|313794|
|Fund balances carried||forward|||||





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|EXPENDITURE|||||||
|---|---|---|---|---|---|---|
||||Raising|Charitable|Total|Total|
|Unrestricted|||fundsf|activities<br>f|2021<br>f|2020<br>f|
|Grants payable<br>(Note 7)<br>Project Officer's services<br>Postage, stationery,<br>telephone<br>Investment<br>management<br>and <br>Audit fees||&travel<br> custodian fees|15,083|126,041<br>6,000<br>343<br>3,960|126,041<br>6,000<br>343<br>15,083<br>3,960|118,372<br>6,000<br>815<br>16,468<br>3,960|
|Bank charges & interest<br>Sundry expenses<br>Property<br>repairs<br>Bad debt provision<br>Insurance|||2,309<br>1,271|565|565<br>2,309<br>1,271|700<br>1,489<br>1,941<br>(4,748)<br>1,243|
|Land agent's fees<br>and expenses|||9737<br>~24~0|~16899|9737<br>~165<br>6|9218<br>~1458|



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|GRANTS PAYABLE|GRANTS PAYABLE|||||
|---|---|---|---|---|---|
|During the year grants were made to institutions<br>and individuals,<br>to <br>Ministry,<br>teachers<br>in theological<br>education,<br>theological<br>institutions||assist those training<br>for Christian<br>in the Majority<br>world<br>and those||||
|seeking to assist in the Majority world, as follows:||2021|||2020|
|||F||||
|Grants to Institutions<br>African<br>International<br>University<br>All Nations<br>Christian<br>College<br>Asian Theological<br>Seminary<br>Association<br>ofTheological<br>Education<br>Nepal<br>Atiri Bible School||4,800<br>1,850<br>5,000<br>1,600|||5,300<br>1,850<br>5,000<br>1,800|
|ral Africa)<br>Bangkok Bible Seminary<br>Bangladesh<br>Bible Correspondence<br>College<br>Christian<br>Service University<br>College Kumasi<br>Cornerstone<br>Christian<br>College, Capetown<br>Discipleship<br>Training<br>Centre —Singapore<br>Emanuel<br>University<br>Romania<br>Ethiopian<br>Graduate<br>School ofTheology<br>Evangelical<br>University<br>(formerly Theol. Coll Cent<br>Faculte de Theologie Evangelique<br>de Bangui<br>Faculte de Theologie<br>Evangelique<br>Shalom||4,100<br>1,500<br>2,500<br>3,200<br>1,050<br>1,500<br>2,400<br>1,550<br>3,000|||1,250<br>1,500<br>2,500<br>2,700<br>1,950<br>1,500<br>2,400<br>1,550<br>3,000|
|Burundi<br>at.ion)<br>Great Lakes School of Theology<br>and Leadership,<br>(via Partners<br>Trust International)<br>Instituto<br>Superior de la Iglesia Evangelica<br>International<br>Fellowship<br>of Evangelical<br>Students<br>Kathmandu<br>Institute<br>ofTheology<br>Koinonia Theological<br>Seminary,<br>Davao<br>Langham<br>Preaching<br>Langham<br>Scholarships<br>Latin Link<br>London School of Theology<br>Nagaland<br>Bible College<br>North<br>India Institute for Theological Studies<br>Operation<br>Mobilisation<br>(via Good Shepherd<br>Found<br>Oxford Centre for Mission Studies<br>Pan African Christian<br>College<br>Palm Ministries<br>Penuel School of Theology<br>Proclamation<br>Zambia||1,500<br>1,500<br>16,100<br>1,500<br>1,700<br>2,500<br>13,700<br>9,376<br>3,200<br>1,900<br>1,700<br>1,350<br>7,000<br>5,700<br>1,500<br>1,500<br>1,700|||2,000<br>1,200<br>16,100<br>1,500<br>1,650<br>2,500<br>13,700<br>1,660<br>1,900<br>1,700<br>7,000<br>5,700<br>2,100<br>1,500<br>1,700|
|Romania<br>Ministries<br>Scripture<br>Union<br>International<br>Seminario<br>Evangelico<br>do Puerto Rico<br>Solomon Trust<br>South Asia Institute ofAdvanced<br>Christian<br>Studies<br>Theological College of Northern<br>Nigeria<br>Uganda<br>Bible Seminary||12,065<br>1,400<br>2,100<br>3,000<br>126,041|||12,042<br>6,020<br>2,100<br>1,500<br>1 500<br>117,372|
|Grants to Individuals|||||1 000|
|Total Grants Payable||||||





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||||Investment|Listed||
|---|---|---|---|---|---|
||||property|Investments|Total|
|Market value<br>At 6th April 2020<br>Additions|||2,230,000|1,807,590<br>449,222|4,037,590<br>449,222|
|Disposals<br>Unrealised<br>At 5th April|gains<br> 2021|in year|2-230&%|(357,543)<br>354 043<br>&2%212|(357,543)<br>354043<br>4.4I3Z2|
|Cost<br>At 5th April|2021||~37<br>879|1 991 993|2 371 872|



||Cost<br>At 5th April 2021<br>~37<br>879<br>1 991 993|Cost<br>At 5th April 2021<br>~37<br>879<br>1 991 993|2 371 872|
|---|---|---|---|
||The investment<br>properties were valued on an open market basis at 5'"April 2021, by||the Directors,|
||using information<br>from the land agents.|||
|9|DEBTORS|2021|2020<br>F|
||Other debtors and prepayments|88225|33~96|
|10|CREDITORS: Amounts<br>falling due within one year|2021|2020|
||Other creditors|10,674|900|
||Accruals and deferred<br>income|11 162|7247<br>~7|
|11|REVALUATION<br>RESERVE<br>At 6 April 2020<br>Adjustments<br>for additions<br>and disposals<br>Unrealised<br>gains<br>in year<br>At 5 April 2021||1,665,718<br>91,679<br>354 043<br>2 111440|