|||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|