| Schedule of legal and administrative | information | 1 |
|---|---|---|
| Report ofthe directors | 2-6 | |
| Report ofthe auditors | 7-8 | |
| Statement of Financial Activities | 9 | |
| Balance sheet | 10 | |
| Notes to the financial statements | 11—15 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | |||||
| Funds | Funds | |||||
| 2022 | 2021 | |||||
| Notes | ||||||
| income | ||||||
| Income from listed investments | 9,217 | 16,9?4 | ||||
| Property income | 77,279 | 103,672 | ||||
| Bank interest receivable | 11 | |||||
| Totalincome | 86496 | 120657 | ||||
| Expenditure on |
||||||
| Raising funds: | ||||||
| Investment management |
costs | 536 | 15,082 | |||
| Property costs | 22,774 | 13,317 | ||||
| Charitable activities: |
||||||
| Grants payable Support costs |
133,087 10957 |
126,041 10869 |
||||
| Total expendi ture | 167354 | 165309 | ||||
| (80,858) | (44,652) | |||||
| Gainsl(losses) on investments |
203 572 | 432463 | ||||
| Net income/(expenditure) | 122,714 | 387,811 | ||||
| Being Net movement | in | funds | ||||
| Fund balances brought forward Fund balances carried forward |
4617479 4740 193 |
4 4 |
229 668 617479 |
| 3 | EXPENDITURE | |||||||
|---|---|---|---|---|---|---|---|---|
| Raising | Charitable | Total | Total | |||||
| funds | activities | 2022 | 2021 | |||||
| Unrestricted | E | K | ||||||
| Grants payable (Note 7) Project Officer's services Postage, stationery, telephone Investment management and |
8 travel custodian fees |
536 | 133,087 6,400 |
133,087 6,400 536 |
126,041 6,000 343 15,083 |
|||
| Audit fees | 4,200 | 4,200 | 3,960 | |||||
| Bank charges 8 Trustees Travel |
interest Expenses |
105 | 171 105 |
171 105 |
565 | |||
| Sundry expenses Property repairs Bad debt provision |
4,619 1,283 |
186 | 186 4,619 1,283 |
2,309 | ||||
| Insurance | 1,392 | 1,392 | 1,271 | |||||
| Land agent's fees | ||||||||
| and expenses | 15375 23 310 |
144044 | 15375 ~167 54 |
9737 165 0 |
| GRANTS PAYABLE | GRANTS PAYABLE | GRANTS PAYABLE | GRANTS PAYABLE | GRANTS PAYABLE | GRANTS PAYABLE | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| During the year grants were made to institutions | and individuals, | to | assist those training | for Christian | |||||||||
| Ministry, teachers in theological seeking to assist in the Majority |
education, theological world, as follows: |
institutions | in the Majority | world and those | |||||||||
| 2022 | 2021 | ||||||||||||
| Grants to Institutions | |||||||||||||
| African International University |
4,800 | 4,800 | |||||||||||
| All Nations Christian College |
1,850 | 1,850 | |||||||||||
| Asian Theological Seminary |
3,637 | 5,000 | |||||||||||
| Member colleges ofthe Association of |
Theological | Education | Nepal | 3,600 | |||||||||
| Atiri Bible School | 1,600 | 1,600 | |||||||||||
| Bangkok Bible Seminary | 2,050 | 4,100 | |||||||||||
| Bangladesh Bible Correspondence |
College | 2,500 | |||||||||||
| Centro de Capacitation Misionera |
Transcultural | 1,000 | |||||||||||
| Christian Service University College Kumasi |
1,500 | 1,500 | |||||||||||
| Cornerstone Christian College, |
Capetown | 2,500 | 2,500 | ||||||||||
| Discipleship Training Centre —Singapore |
3,200 | ||||||||||||
| Emanuet University Romania |
1,050 | 1,050 | |||||||||||
| Ethiopian Graduate School ofTheology |
1,500 | 1,500 | |||||||||||
| Evangelical Semtnary ofSouthern |
Africa | 2,100 | |||||||||||
| Evangelical University (formerly |
Theol. | Coll | Central Africa) | 2,400 | 2,400 | ||||||||
| Faculte de Theologie Evangelique | de Bangui | 1,550 | 1,550 | ||||||||||
| Faculte de Theologie Evangelique | Shalom | 1,500 | 3,000 | ||||||||||
| George Whitefietd College |
2,100 | ||||||||||||
| Great Lakes School ofTheology | and Leadership, | Burundi | 1,500 | 1,500 | |||||||||
| Instituto Superior de la Iglesia Evangelica | 1,500 | 1,500 | |||||||||||
| International Fellowship of Evangelical |
Students | 16,100 | 16,100 | ||||||||||
| Kathmandu Institute ofTheology |
1,500 | 1,500 | |||||||||||
| Koinonia Theological Seminary, |
Davao | 1,700 | 1,700 | ||||||||||
| Langham Preaching |
2,500 | 2,500 | |||||||||||
| Langham Schotarships |
13,700 | 13,700 | |||||||||||
| Latin Link London School ofTheology |
4,800 1,600 |
9,376 3,200 |
|||||||||||
| Nagaland Bible College |
1,900 | 1,900 | |||||||||||
| North india Institute for Theotogicat Studies |
1,?00 | 1,700 | |||||||||||
| Operation Mobilisation (via Good |
Shepherd | Foundation) | 1,350 | 1,350 | |||||||||
| Oxford Centre for Mission Studies | 7,000 | 7,000 | |||||||||||
| Palm Ministries | 1,500 | 1,500 | |||||||||||
| Pan African Christian College |
5,700 | 5,700 | |||||||||||
| Penuel School ofTheology | 1,500 | 1,500 | |||||||||||
| Proclamation Zambia |
1,700 | 1,700 | |||||||||||
| Scripture Union international |
13,000 | 12,065 | |||||||||||
| Seminario Evangelico do Puerto |
Rico | 1,400 | 1,400 | ||||||||||
| South Asia Institute ofAdvanced | Christian | Studies | 2,100 | 2,100 | |||||||||
| Theological College of Northern |
Nigeria | 1,500 | 3,000 | ||||||||||
| Transform Europe Network |
1,000 | ||||||||||||
| Ukrainian Evangelical Theological |
Seminary | 2 000 | |||||||||||
| 125,487 | 126,041 | ||||||||||||
| Grants to Individuals | 7600 | ||||||||||||
| Total Grants Payable | 133067 | 126 041 |
| 8 | INVESTIIENTS | ||||||
|---|---|---|---|---|---|---|---|
| Investment | Listed | ||||||
| property | Investments | Total | |||||
| Market value | |||||||
| At 6th April 2021 Additions |
2,230,000 | 2,253,312 1,565,381 |
4,483,312 1,565,381 |
||||
| Disposals Unrealised gains At 5th April 2022 |
in year | 2 230 000 | (1,648,049) 198500 2 369144 |
(1,648,049) 198500 4 599144 |
|||
| Cost | |||||||
| At 5th April 2022 | 379879 | 2 115332 | 2495211 | ||||
| The investment properties |
were valued on an open | market basis at | 5'" April 2022, by | the Directors, | |||
| using information | from | the | land agents. | ||||
| 9 | DEBTORS | 2022 | 2021 | ||||
| Other debtors and prepayments | 88490 | 88225 | |||||
| 10 | CREDITORS: Amounts | falling due within one year | 2022 | 2021 | |||
| Other creditors | 10,847 | 10,674 | |||||
| Accruals and deferred | income | 6970 | 11 162 | ||||
| 17817 | 21 836 | ||||||
| 11 | REVALUATION | RESERVE | |||||
| At 6 April 2021 | 2,111,440 | ||||||
| Adjustments for Unrealised gains At 5April 2022 |
additions in year |
and disposals | (206,007) 198500 2 103933 |