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|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|
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|||||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|
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|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|
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|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|
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|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|