| Schedule of legal and Report ofthe directors Report ofthe auditors |
administrative | information | 1 2-6 7-8 |
|---|---|---|---|
| Statement of Financial |
Activities | 9 | |
| Balance sheet | 10 | ||
| Notes to the financial | statements | 11-15 |
| Total | Total | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||||
| Funds | Funds | ||||||
| 2023 | 2022 | ||||||
| E | |||||||
| Notes | |||||||
| Income | |||||||
| Income from listed investments | 6,702 | 9,217 | |||||
| Property income |
73,491 | 77,279 | |||||
| Bank interest receivable | 111 | ||||||
| Total income | 80 304 | 86496 | |||||
| Expenditure on |
|||||||
| Raising funds: | |||||||
| Investment management |
costs | 536 | |||||
| Property costs | 18,120 | 22,774 | |||||
| Charitable activities: |
|||||||
| Grants payable | 135,031 | 133,087 | |||||
| Support costs | 11920 | 10957 | |||||
| Total expenditure | 165071 | 167354 | |||||
| (84,767) | (80,858) | ||||||
| (Losses)/gains on investments |
(~23 808 | 203572 | |||||
| Net (expenditure)l | income | (108,575) | 122,714 | ||||
| Being Net movement | in | funds | |||||
| Fund balances brought forward Fund balances carried forward |
4 749 193 4 631 61 |
4 4 |
617479 74019 |
| 3 | EXPENDITURE | ||||||
|---|---|---|---|---|---|---|---|
| Raising | Charitable | Total | Total | ||||
| funds | activities | 2023 | 2022 | ||||
| Unrestricted | F | E | |||||
| Grants payable (Note 7) Project Officer's services Investment management Audit fees |
and custodian fees | 135,031 6,600 4,380 |
135,031 6,600 4,380 |
133,087 6,400 536 4,200 |
|||
| Bank charges & Trustees Travel Sundry expenses Property repairs |
interest Expenses |
7,405 | 147 318 475 |
147 318 475 7,405 |
171 105 186 4,019 |
||
| Bad debt provision | 1,283 | ||||||
| Insurance | 1,597 | 1,597 | 1,392 | ||||
| Land agent's fees | |||||||
| and expenses | 9 118 ~18 12 |
146941 | 9 118 ~165 71 |
15375 ~17354 |
| Grants to Institutions | 2023 6 |
2022f | ||||
|---|---|---|---|---|---|---|
| African International University |
5,040 | 4,800 | ||||
| All Nations Christian College |
1,850 | 1,850 | ||||
| Anglican International Development (AID) |
2,200 | |||||
| Asia Graduate School ofThology, Nepal Asian Theological Seminary |
1,000 | 3,637 | ||||
| Member colleges ofthe Association ofTheological |
Education | Nepal | 1,890 | 3,600 | ||
| Atiri Bible School | 1,680 | 1,600 | ||||
| Bangkok Bible Seminary Bangladesh Bible Correspondence College Centro de Capacitation Misionera Transcultural |
2,155 1,315 |
2,050 2,500 1,000 |
||||
| Christian Service University College Kumasi |
1,575 | 1,500 | ||||
| Cornerstone Christian College, Capetown |
2,625 | 2,500 | ||||
| Discipleship Training Centre —Singapore |
2,835 | |||||
| Emanuel University Romania |
1,105 | 1,050 | ||||
| Ethiopian Graduate School ofTheology |
1,500 | |||||
| Evangelical Seminary ofSouthern Africa Evangelical University (formerly Theol. Coll Central Africa) Faculte de Theologie Evangelique de Bangui Faculte de Theologie Evangelique Shalom |
4,725 3,575 |
2,100 2,400 1,550 1,500 |
||||
| George Whitfield University Great Lakes School ofTheology and Leadership, |
Burundi | 2,205 | 1,500 | |||
| Instituto Superior de la Iglesia Evangelica |
1,575 | 1,500 | ||||
| International Fellowship of Evangelical Students |
16,905 | 16,100 | ||||
| International Baptist Theological Study Centre |
2,000 | |||||
| iServe Africa | 1,320 | |||||
| Kathmandu Institute of Theology Koinonia Theological Seminary, Davao |
1,575 1,810 |
1,500 1,700 |
||||
| Langham Preaching |
2,625 | 2,500 | ||||
| Langham Scholarships |
14,385 | 13,700 | ||||
| Latin Link | 5,040 | 4,800 | ||||
| London School ofTheology Nagaland Bible College |
1,600 1,995 |
1,600 1,900 |
||||
| North India Institute for Theological Studies |
1,785 | 1,700 | ||||
| Operation Mobilisation (via Good Shepherd Oxford Centre for Mission Studies |
Foundation) | 7,350 | 1,350 7,000 |
|||
| Oxford Centre for Religious and Public Life | 2,640 | |||||
| Palm Ministries | 1,575 | 1,500 | ||||
| Pan African Christian College |
5,985 | 5,700 | ||||
| Penuel School ofTheology Proclamation Zambia |
1,785 | 1,500 1,700 |
||||
| Scripture Union International Seminario Evangelico do Puerto Rico |
13,650 1,470 |
13,000 1,400 |
||||
| Solomon Academic Trust | 3,000 | |||||
| South Asia Institute ofAdvanced Christian |
Studies | 2,205 | 2,100 | |||
| Theological College of Northern Nigeria |
1,575 | 3,000 | ||||
| Transform Europe Network |
1,050 | 1,000 | ||||
| Ukrainian Evangelical Theological Seminary |
1 500 132,175 |
2 000 125,487 |
||||
| Grants to Individuals | 2856 | 7600 | ||||
| Total Grants Payable | ~15031 | ~13 087 |
| 8 | INVESTIIIIENTS | |||||||
| Investment | Listed | |||||||
| property f |
Investments f |
Total f |
||||||
| Market value | ||||||||
| At 6th April 2022 Additions |
2,230,000 | 2,369,144 3 |
4,599,144 3 |
|||||
| Disposals Unrealised gains At 5th April 2023 |
in year | ~223 | tlDtl | (76,548) ~22 26D ~2276 3 |
(76,548) ~22 26D 4~0339 |
|||
| Cost | ||||||||
| At 5th April 2023 | 32!lt3771 | ~39 2 712 | 2~372 1 |
|||||
| The investment properties |
were valued on an open | market basis at | 5'" April 2023, by | the Directors, | ||||
| using information | from | the | land agents. | |||||
| 9 | DEBTORS | 2023f | 2022f | |||||
| Other debtors and prepayments | ~83 1 |
88 498} | ||||||
| 10 | CREDITORS: Amounts | falling due within one year | 2023 f |
2022 f. |
||||
| Other creditors | 10,846 | 10,847 | ||||||
| Accruals and deferred | income | 9030 | 6 970 | |||||
| ~17 7 |
||||||||
| 11 | REVALUATION | RESERVE | f | |||||
| At 6 April 2022 | 2,103,933 | |||||||
| Adjustments for additions and disposals Unrealised (losses) in year At 5 April 2023 |
46,076 ~22 26D 2 12774 |