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2021-12-31-accounts

Page
Trustees'
Annual
Report		 1-7
Independent
Auditor's		 Report to the Trustees ofThe Central 8-10
Gills Committee ofthe Churches ofGod
Statement ofFinancial Activities
Balance Sheet 12
Cash Flow Statement 13
Notes to the Financial Statements 14-27

Unres/r/c/ed Unres/r/c/ed
General Designated Restricted 2021 2020
Fund Funds Funds Total Total
Notes f f f f
Income from:
Donations
and legacies		 2. 157,246 614,966 772412 925,274
Charitable
activities		 3. 8,044 8,044 8,181
Investments 4. 9,847 9,847 12,043
Total income 167,093 623,010 790,103 945,498
Expenditure
on:
Raising funds 6. (8,939) (8,939) (8,360)
Charitable
activities		 5. (126,241) (5,953) (703,012) ($35406) (916,588)
Total expenditure (135,180) (5,953) (703,012) (844,145) (924,94$)
Net income/(expenditure) before gains and losses
on investments 31,913 (5,953) (80,002) (54,042) 20,550
Gains and losses on investment assets
Realised gains
Unreal ised gains/(losses)
Total gains on investment		 assets 646
74,365
75,011		 646
~74 60
75011		 ~494
~494
Net income/(expenditure) for the year 106,924 (5,953) (80,002) 20,969 20,056
Transfers
between		 funds 19. (5,000) 5,000
Net movement
in funds		 101,924 (953) (80,002) 20,969 20,056
Reconciliation offunds
Total funds brought forward 23. 937,051 35,644 912,803 1,885,498 1,865,441
Total funds carried forward 1,1138975 34,691 033001 1,906467 1,885497
Notes 2021 2020
f
Fixed Assets
Tangible Fixed Assets 10. 34,691 35,644
Investments 949,033 514,631
Current
Assets
Debtors 15,338 556,244
Cash at Bank and in Hand 944,314 864,191
959,652 1,420,435
Liabilities: Amounts falling due
within one year 13. 36,909 85,213
Net Current
Assets		 922,743 1,335,222
Total Net Assets 1,906,467 1,885,497
The Funds ofthe Charity
Unrestricted
Funds
General 16. 1,038,975 937,051
Designated 17. 34,691 35,644
Restricted Funds 18. $32,$01 912,803
1,906,467 1,885,497
2021 2020
Notes
Cash Flow Statement
Reconciliation ofnet income/(expenditure) to net
cashflow
from operating
activities
Net income per the Statement ofFinancial Activities (54,042) 20,550
Depreciation 10. 5 953 8,049
Gain on sale ofinvestment 646
Interest and income from unit trusts 4. (9,847) (12,043)
Disposal oftangible fixed assets 10. 50,000 111,886
Decrease in debtors 12. 540,905 419,295
(Decrease)/ Increase in creditors 13. (48,302) 35,394
Net cash outflow from operating activities 405313 5113.131
Cash flows from investing activities:
Interest and income from unit trusts 4. 9,847 12,043
Purchase oftangible fixed assets 10. (55,000) (115,636)
Purchase ofinvestments 11. (369,657) (43,669)
Proceeds from sale ofinvestments 11. 9,620 8,360
Net cash provided
by investing
activities		 ~405,190 ~130,902
Change in cash and cash equivalents in the reporting
period 80,123 444,229
Cash and cash equivalents at the beginning ofthe
reporting
period		 864,191 419,962
Cash and cash equivalents at the end of the reporting
period 944,314 048191

2. Donations and legacies Unrestricted Unrestricted
General Designated Restricted Total Total
Fund Funds Funds 2021 2020
Bequests/legacies 28,612 26,648 55,260 113,465
Assembly gills 3,145 280,158 283403 313,43$
District funds 2,262 360 2,622
Assembly hall sales 123,227 123427 182,070
Gift Aid donations 238,834 23$,$34 233,787
Income Tax on GIII Aid donations 59,226 59426 57,097
Donations (non Gin Aid) 9,740 9,740 23,832
Other income ~1635
157246 - 614966 772212 ~925274
3. Charitable Activities Unrestricted
General Designated Restricted Total Total
Fund Funds Funds 2021 2020
I.evies 8,044 8,044 $,181
5,544 8.1144 8.181
4. Investments Unrestricted
General Designated Restricted Total Total
Fund Funds Funds 2021 2020
f
Interest received 150 150 1,005
Income from unit trusts 9,697 9,697 11,038
9,847 9,847 12,543

5. Costs ofcharitable Costs ofcharitable activities activities Unrestricted Unrestricted
General Designated Restricted Total Total
Fund Funds Funds 2021 2020
f f f f f
Gifts to Assemblies 38,699 182,585 ~221 2$3 378,182
Gifts to Districts 125 125 1,500
Relief Work:
General relief 27,194 27,194 27,732
India - relief 5,000 5,000 15,000
West Africa (excl CEF) - relief 57,700 57,700
CEF - payments to West Africa 17,250
Philippines
-relief		 19,000 19,000 13,000
Malawi - relief 6,950 6,950 43,570
Myanmar
- relief		 34,250 25,225 59,475 13,824
Malawi Project 85,417 85,417 56,387
Total Relief costs 34,250 226,486 ~260 736 186,763
Gifts for Building Projects, Renovations and
Repairs
India - propeny 5,000 5,000 10,800
West Africa - property
Philippines
- property		 2,000 2,000 1,000
Malawi —ProPerty 64,265 64,265 5,950
Myanmar —property 12500
Total Building costs 71,265 71,265 30,250
Outreach Work:
General outreach 26,104 26,104 15,879
India, Myanmar and Philippines —outreach 46,219 46,219 39,647
Africa —outreach 17,050 17,050 16,533
Special Projects - outreach 9,110
Radio
55k Media -		 outreach 6,597 6,597 7,071
Literature 9323 ~9323 10 189
Tots IOutreach costs 505 293 ~505 93 98 450
Gifts to Lord's Servants (UK and overseas):
Lord's Servants 17,500 54,168 71,668 110,746
Africa 2,000 60,212 62,212 64,348
Far East 1,801 4,352 6,153 4,115
21,301 118732 140,033 179209

Unrestricted Unrestricted
General Designated Restricted Total Total
Fund Funds Funds 2021 2020
Other Admin Costs:
Property costs 5,000 5,000 228
Conference Costs 560
Leading brethren 630 630 2,928
General Expenses 2,329 120 2,449 1,908
Bank charges 555 947 1,502 1,541
Exchange movements (3,171) (3,171) 211
Depreciation 5953 5,953 8,049
Total Admin costs 7,884 5,953 I 474 12,363 15,424
Governance Costs:
Audit fees (Note 8) 19,560 19,560 23,503
Professional fees 4,547 4,547 3,307
Trustees' expenses
Total Governance costs 24,107 24,107 26,810
126,241 5,953 703012 835,206 ~916 58$
5.1. Allocation to charitable activity Direct Su ort Costs
charitable Admin Governance Total Total
costs costs costs 2021 2020
f f
Activity
Gitts to Assemblies 221,283 8,080 6,679 236,042 395,402
Giits to Districts 125 4 129 1,546
Relief work 260,736 2,781 7,869 271,386 200,749
Building Projects, Renovations
and
Repairs 71,265 2, 151 73,416 31,178
Outreach
work		 105,293 1,502 3,178 109,973 103,010
Gifts to Lord's Servants (UK and
overseas) 140,033 4,226 144,260 184,704
798,736 12,363 24,107 030,206 916,500
Support costs comprise the items listed below the heading "Other Admin Costs" in Note 5.
6. Raising Funds General Designated Restricted Total Total
Fund Funds Funds 2021 2020
6
Investment
Managers'		 fee 8 939 8939 8,360

7. Net expenditure for the year 2021 2020
8
Net expenditure is stated after charging:
Depreciation
on		 other amounts written offtangible assets 5,953 8,049
Auditor's
remuneration
Exchange (gain)l loss		 19,560
~3.191		 23,503
211
g Auditor's
remuneration
The auditor's
remuneration		 constituted
an audit feeof819560(2020:623503)and		 professional fees totalling f2754(2020:
anil).
9. Staffcosts 2021 2020
Total employment costs (included in Note 5 Malawi Project costs) 16.913 13,399
There were no employees who received remuneration ofoverf60,000 in the year.
Sta+nrrmbers
Average
full time		 equivalents 16 17
10. Tangible Fixed Assets Heritable Motor Office
property Vehicle Equipment Total
f f
Cost
At I January 2021 32,527 30,693 1,180 64,400
Additions 50,000 5,000 55,000
Disposals (50,000) (50,000)
At 31 December 2021 32,527 35,693 1,1$0 69,400
Depreciation
At I January 2021 6,506 21,658 592 28,756
Charge for year 651 5,156 146 5,953
Disposals
At 31 December 2021 7,157 26,814 73$ 34,709
Jitet Book Value
At 31 December 2021 25,370 8,879 442 34,691
At 31 December 2020 26,021 9,035 588 35,644
11. Investments 2021 2020
f f
Market Value
Market value at I January 2021 514,631 479,816
Additions 369,657 43,669
Disposals (9,620) (8,360)
Revaluation 74,365 (494)
Market value at 31December 2021 949,033 514,631
Historical
Cost at 31 December		 2021 747,518 387,969
11.1 Analysis ofInvestments
2021 2020
f
Market value at year end
Investments
listed on a recognised		 stock exchange or held in common 949,033 514,631
investment
funds,		 open ended investment companies, unit trusts or
other collective investment schemes.
Total 949,033 514,631
UK Equity Investment 39,585 88,493
Fixed Interest Investments 108,213 165,096
Other Investments 801,235 ~261 042
949,033 514,631
The charity's
investments		 are held primarily for investment return.
12. Debtors
2021 2020
GIIIAid 11,780 13,102
Other debtors 3,558 543,142
I5438 556344

13. Liabilities:
Amounts		 Liabilities:
Amounts		 Liabilities:
Amounts		 falling due falling due falling due within one year 2021 2020
f
Other creditors 1,020 48,134
Accrued expenses 30,397 31,114
Malawi Project Current Account 5,492 5,965
36,909 85,213
14. Financial Instruments 2021 2020
Carrying amount of financial assets
Financial assets measured at amortised cost 959,652 1,420,435
Financial assets measured at fair value 949033 514631
Carrying amount of financial liabilities
Measured at amortised cost 36,909 49,819
15. Analysis ofNet Assets between Funds
Unrestricted
General Designated Restricted 2021
Fund Fund Funds Total Funds
Fund balances at 31 December 2021
as represented by:
Tangible Fixed Assets 34,691 34,691
Investments 949,033 949,033
Current Assets 126,811 832,801 959,652
Current Liabilities (36,909) (36,909)
Net Assets 1,038,975 34,691 832,801 1,906,467
16. Unrestricted Funds
investment
I Jan '21 Income ExPenditure gains/(losses) Transfers 31 Dec '21
General
Fund		 937,051 167,093 (135,180) 75,011 (5,000) 1,038,975
937,051 167 1193 ~130,100 75,011 ~5,000 I,D38,975

Usreslrlclcd Reslrlclwl ae I (cled R«l Ried ~aesiricled ~R«lrlcled ~R«lrlcled ~ass 1«ed 1«ed ~ae I icled Rcslrieled Reslrlclml
ueslsocl d Foils~hip Fdl ship Feaowship Africs Fa Keel Feao ship Fcuowshlp Ce Im
General A Is Relic(
F ad		 Relief
Fund		 Relief
Fund		 hue(see I
0		 a A(ri Re(is(
Food		 Relief
Fund		 Gifw
Props«y
Nels Fund F d Philippioes Malawi amia F d CSF Myon« F d
5
(9R763) 39,445 6,712 20,310
10,495 (10.4901
(5,0M(
~0,000 5,000 ~80 65 ~24
90		 39,445 ~3700 2RS(0

Unrernri cted
General Designated Restricted 2020
Fund Funds Funds Total
Income from:
Donations
and legacies		 415,116 510,159 925,274
Charitable
activities		 8,181 8,181
Investments 12,043 12,043
Total income 427,159 518,340 945,498
Expenditure
on:
Raising funds (8,360) (8460)
Charitable
activities		 (330,369) (8,049) (578,170) (91658g)
Total expenditure (338,729) (8,049) (578,170) (924,948)
Net income/(expenditure)
before gains and losses
on investments 88,430 (8,049) (59,830) 20,550
Gains and losses on
investment
assets
Realised gains
Unrealised
gains		 494 494
Total gains on
investment
assets		 (494) (494)
Net income/(expenditure)
for the year		 87,936 (8049) (59,830) 20,056
Transfers between
funds (24,706) 3,750 20,956
Net Movement
in Funds		 63,230 (4,299) (38,874) 20,056
Reconciliation
offunds
Total funds brought
forward 873,821 39,943 951,677 1,865,441
Total funds carried
forward		 937,051 35,644 912,803 1,885,497