## ## ## ## ## |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|