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|---|---|
|Trustees'<br>Annual Report|1-7|
|Independent<br>Auditor's<br>Report tothe Trustees of 'Ihe Central|8-10|
|Gifts Committee ofthe Churches ofGod||
|Statement ofFinancial Activities||
|Balance Sheet|12|
|Cash Flow Statement|13|
|Notes to the Financial Statements|14-28|





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|||||Unrrrnic/ed|Unrrrnic/ed||||
|---|---|---|---|---|---|---|---|---|
|||||General|Designated|Restricted|2022|2021|
|||||Fund|Funds|Fusds|Total|Total|
|||Notes||f|||f|f|
|Income from:|||||||||
|Donations<br>and legacies|||2.|807,314||699,895|1,507,209|772,212|
|Charitable<br>activities|||3.|||7,380|7480|8,044|
|Investments|||4.|8,793|||$5793|9,847|
|Total income||||$16,107||707,275|1,523,382|790,103|
|Expenditure<br>oa:|||||||||
|Raising funds|||6.|(9,084)|||(9,084)|(8,939)|
|Charitable<br>activities|||5.|(176,901)|(6,839)|($19,548)|(1,003$88)|(835,206)|
|Total expenditure||||(1$5,985)|(6,$39)|(819,548)|(1,012472)|(844,145)|
|Net income/(expeaditure)|before gains||snd|losses|||||
|on iavestments||||630,122|(6,839)|(112,273)|511,010|(54,042)|
|Gains and losses on investment||assets|||||||
|Realised gains||||||||646|
|Unrealiscd<br>(losses)/gains||||$4040|||84040|74365|
|Total gains on investment|assets|||($4,040)|||(84,040)|75,011|
|Net iacome/(expenditure)|for the year|||546,082|(6,839)|(112,273)|426,970|20,969|
|Transfers between funds|||19.|(55,482)|31,331|24,151|||
|Net movement<br>in fuads||||490,600|24,492|($8,122)|426,970|20,969|
|Recoacilistioa offunds|||||||||
|Total funds brought forward|||23.|1,038,975|34,691|832,801|1,906,467|1,$85,498|
|Total funds carried<br>forward||||1,529,575|59,183|744,679|2433,437|1,906,467|





|||Notes||2022||2021|
|---|---|---|---|---|---|---|
||||||8||
|Fixed Assets|||||||
|Tangible Fixed Assets||10.||59,183||34,691|
|Investments||||864,357||949,033|
|Current<br>Assets|||||||
|Debtors||12.|639,280||15,338||
|Cash at Bank and in|Hand||814,852||944,314||
||||1,454,132||959,652||
|Liabilities: Amounts<br>within one year|falling due|13.|~44 232||36909||
|Net Current Assets||||1,409,897||922,743|
|Total Net Assets||||2.333.432||2,906469|
|The Fuads ofthe Charity|||||||
|Unrestricted<br>Funds|||||||
|General||16.||1,529,575||1,038,975|
|Designated||17.||59,183||34,691|
|Restricted Funds||18.||744,679||832,801|
|||||2P33432,||1,906.462|







|||||||Notes|2022f|2021<br>f|
|---|---|---|---|---|---|---|---|---|
|Cash Flow Statement|||||||||
|Reconciliation ofnet income/(expenditure)||||to aet cashflow|||||
|from operatiag activities|||||||||
|Net income/(expenditure)|per the|Statement||ofFinancial|Activities||511,010|(54,042)|
|Depreciation||||||10.|6,$39|5,953|
|Gain on sale ofinvestments||||||||646|
|Interest and income flom unit trusts||||||4.|(8,793)|(9,847)|
|Disposal oftangible fixed|assets|||||5.|442|50,000|
|(Increase)/decrease<br>in debtors||||||12.|(623,941)|540,905|
|Increase/(decrease)<br>in creditors||||||13.|7,326|(48,302)|
|Net sash (outflow)/iaflow|from|operating||activities|||~809 82|400313|
|Cash flows from investing|activities:||||||||
|Interest snd income from unit trusts||||||4.|8,793|9,847|
|Purchase oftangible fixed|assets|||||10.|(31,774)|(55,000)|
|Purchase ofinvestments||||||11.|(8,448)|(369,657)|
|Proceeds Rom sale ofinvestments||||||11.|9084|9420|
|Net cash provided<br>by investing||activities|||||~22 345|~405 190|
|Chaage ia cash and cash|equivaleats||in tbe reporting||period||(129,462)|$0,123|
|Cash and cash equivalents|at tbe beginning oftbe reporting||||||||
|period|||||||944,314|864,191|
|Cash and cash equivalents|at tbe end||ofthe reporting||period||014052|~944<br>14|





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|2.|Donations|and legacies|Unres|tricted||||
|---|---|---|---|---|---|---|---|
||||Geoeral|Designated|Restricted|Total|Total|
||||Fund|Funds|Funds|2022|2021|
||||f|f|f|f||
||Bequests/legacies||523,497||100,000|623,497|55,260|
||Assembly|Gifts|2,144||256,$98|259,042|2$3,303|
||District Funds||||||2,622|
||Proceeds ofhall sales||281,673|||281,673|123,227|
||Gift Aid donations||||254,2$1|254,281|23$,834|
||Income Tax on Gift Aid Donations||||63,031|63,031|59,226|
||Donations|(non Gift Aid)|||25,685|25,685|9,740|
||Other Income|||||||
||||00731~||099090|~1307 09|772 212|
|3.|Charitable|Activities|Unrestricted|||||
||||General|Designated|Restricted|Total|Total|
||||Fund|Funds|Funds|2022|2021|
||Levies||||7,380|7480|$,044|
||||||7300|7300|8,044|
|4.|Investments||Unrestricted|||||
||||General|Designated|Restricted|Total|Total|
||||Fund|Funds|Funds|2022|2021|
||||f|f|f|f|f|
||Interest received||2$7|||287|150|
||Income from unit trusts||$,506|||8,506|9,697|
||||8793|||0793|9007|





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|5.|Costs ofcharitable<br>activities|Costs ofcharitable<br>activities|Costs ofcharitable<br>activities||||Unrestricted|Unrestricted||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||General|Designated|Restricted|Total|Total|
||||||||Fund|Fuads|Fuads|2022|2021|
|||||||||6||6||
||Gifts to Assemblies||||||18,300||189974|~200<br>74|221283|
||Gifts to Districts||||||~113297|||113497|125|
||Relief Work:|||||||||||
||General relief||||||||70,683|70,683|27,194|
||India - relief||||||||||5,000|
||West Attica (excl CEF)||- relief||||||||57,700|
||CEF - payments|to West Attica||||||||||
||Philippines - relief||||||||27,000|27,000|19,000|
||Malawi - relief||||||||67,584|67,584|6,950|
||Myanmar - relief||||||7,144||39,256|46,400|59,475|
||Malawi Project||||||9349||69368|78717|85417|
|||||Total Relief costs|||~16493||273 891|29D304|260736|
||Gifts for Building|Projects,||Renovations||and||||||
||Repairs|||||||||||
||India - property||||||||16,260|16,260|5,000|
||West Aatca - property||||||||6,000|6,000||
||Philippines - property||||||||7,700|7,700|2,000|
||Malawi - property||||||||18,780|18,780|64,265|
||Mozambique - property||||||||4,560|4,560||
||Myanmar - property||||||||2 158|2 158||
||||Total||Building costs||||55458|55458|71265|
||Outreach Work:|||||||||||
||General outreach||||||||32,531|32,531|26,104|
||India, Myanmar|and Philippines|||-outreach||||61,195|61,195|46,219|
||Atrica - outreach||||||||38,922|38,922|17,050|
||Special Projects|- outreach||||||||||
||Radio st Media - outreach||||||||9,937|9,937|6,597|
||Literature||||||||9 299|9 299|9 323|
||||Total Outreach costs||||||151 884|101804|105293|
||Gifts to Lord's Servants||(UK and overseas):|||||||||
||Lord's Servants||||||||65,817|65,817|71,668|
||A&ice MEs||||||||60,160|60,160|62,212|
||Far East MBs||||||||12874|12874|6 153|
||||||||||138851|130001|140D33|





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||||||Unestricted|Unestricted||||
|---|---|---|---|---|---|---|---|---|---|
||||||General|Designated|Restricted|Total|Total|
||||||Fund|Funds|Funds|2022|2,021|
||||||f|f|f|f||
||Other Admin Costs:|||||||||
||Property costs||||||900|900|5,000|
||Conference Costs||||||5,176|5,176||
||Leading brethren||||||6,478|6,478|630|
||General Exp||||7,164||605|7,769|2,449|
||Bank Charges||||975||835|1,810|1,502|
||Exchange loss/(gain)||||||(4,876)|(4,876)|(3,171)|
||Depreciation|TI!00 I||I|8139|6839<br>6839|9118|6839<br>24096|5 953<br>12363|
||Governance<br>Costs:|||||||||
||Audit fees (Note 8)||||18,450|||18,450|19,560|
||Professional<br>fees||||1,785|||1,785|4,547|
||Trustees' expenses||||439||371|810||
||T|I IG||I|20674||371|21 045|24 107|
||||||176901|6039|019540|I D03280|830206|
|5.1.|Allocation<br>to charitable|activity|||Direct|Su|orr Costs|||
||||||charitable|Admin|Governance|Total|Total|
||||||costs|costs|costs|2022|2021|
|||||||f|f|f||
||Activity|||||||||
||Gifts to Assemblies||||208,274|20,28$|4,565|233,127|236,042|
||Gifts to Districts||||113,297||2,526|115,7$5|129|
||Relief Work||||290,3$3|1,963|6,365|298,711|271,3$6|
||Building Projects, Renovations||and Repairs||55,45$||1,216|56,674|73,416|
||Outreach<br>Work||||151,884|1,845|3,329|157,058|109,973|
||Gias to Lord's Servants|(UK and overseas)|||138,851||3,044|141,$95|144,260|
||||||900 147|24 D96|21045|~1003 00|035206|





|6.|Raisiag Funds|||||General|General|Designated|Designated|Restricted||Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Fund|Funds||Funds||2022|2021|
||||||||f||f|f||f|f|
||Investment<br>Managers'||fee||||9D84|||||9D84|8 939|
|7.|Net expenditure|for the|year|||||||||||
|||||||||||||2022|2021|
|||||||||||||f|f|
||Net expenditure|isstated||after chsrgingi||||||||||
||Depreciation<br>on|other amounts|||written|off|tangible|assets||||6,839|5,953|
||Auditor's<br>remuneration<br>Exchange loss/(gain)||||||||||18,450<br>~4876||19,560<br>~3373|
|8.|Auditor's<br>remuneration|||||||||||||
||The auditors<br>remuneration<br>(2021:f2,754).|||constituted||an audit fee||off16,000 (2021:||f19,560) and|professional|fees|totalling f2,450|
|9.|Staff costs|||||||||||2022|2021|
|||||||||||||f|f|
||Total employment|costs (included|||in Note 5||Malawi|Project costs)|||21 462||16913|
||There were no employees||who received|||remuneration||ofoverf60,000 in||the year.||||
||stiifI numbers|||||||||||||
||Average<br>full time|equivalents||||||||||17|16|
|10.|Tangible Fixed Assets|||||||Heritable||Motor|Office|||
|||||||||property||Vehicle|Equipmeat||Total|
||||||||||f|f||f|f|
||Cost|||||||||||||
||At<br>1 January 2022|||||||32,527||35,693||1,180|69,400|
||Additions<br>Disposals|||||||||31,774<br>~33258|~4483||31,774<br>~34439|
||At 31December|2022||||||32 527||54289|||86 736|
||Depreciation|||||||||||||
||At 1 January 2022|||||||7,157||26,814||738|34,709|
||Disposals|||||||||(13,257)||(738)|(13,995)|
||Charge for year|||||||651||6 188|||6839|
||At 31December|2022||||||7808||19745|||27993|
||IVetBook Value|||||||||||||
||At 31December 2022|||||||24|719|34464|||59lu|
||At 31December 2021|||||||25|370|8879||442|34691|






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|11.|Investments||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||f,||
||Market Value||||||||||
||Market value at I Janumy||||||||||
||2022||||||||949,033|514,631|
||Additions||||||||8,448|369,657|
||Disposals||||||||(9,084)|(9,620)|
||Revaluation||||||||(84,040)|74,365|
||Market value at31December 2022||||||||$64,357|949,033|
||Historical Cost at 31|December 2022|||||||746,689|748,006|
|11.1|Analysis ofInvestments||||||||||
||||||||||2022|2021|
|||||||||||f|
||Market value at year|end|||||||||
||Investments<br>listed on|a|recognised|stock||exchange|or held iu common||864,357|949,033|
||investment<br>funds, open||ended investment||companies,||unit|trusts or other|||
||collective investment|schemes.|||||||||
|||||||Total|||064 357|949 103|
||UK Equity Investment<br>Fixed Interestlnvestments||||||||37,717<br>39,585<br>95,558108,213||
||Other Investments||||||||731002|801235|
||||||||||864357|949033|
||The charity's<br>investments||are held|primarily||for investment||return.|||
|12.|Debtors||||||||||
||||||||||2022|2021|
||||||||||6|f|
||Gift Aid||||||||13,537|11,7$0|
||Other debtors||||||||625 743|3 558|
||||||||||~639 00|15330|





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|13.|Liabilities: Amounts|falling due within|falling due within|falling due within|one year|||2022|2021|
|---|---|---|---|---|---|---|---|---|---|
||||||||||f|
||Other creditors|||||||995|1,020|
||Accrued expenses|||||||32,182|30,397|
||Malawi Project Current||Account|||||11,058|5,492|
|||||||||~4235|36909|
|14.|Fiaaacial Instruments|||||||2022|2021|
|||||||||f,||
||Carrying<br>amount offiaaneial assets|||||||||
||Financial assets measured|||at amortised|cost|||1,454,132|959,652|
||Financial assets measured|||at fair value||||864,357|949,033|
||Carryiag amount offiaancial liabilities|||||||||
||Measured<br>at amortised||cost|||||44,235|36,909|
|15.|Analysis ofNet Assets||between Funds|||||||
||||||Unrestricted|||||
||||||General|Desigaated|Restricted|2022||
|||||||||Total||
||||||Fund|Fuad|Funds|Funds||
||||||f||f|f||
||Fund balances at 31|December 2022||||||||
||as represented<br>by:|||||||||
||Tangible Fixed Assets|||||59,183||59,1$3||
||Investments||||864,357|||864357||
||Current Assets||||731,023||723,109|1,454,132||
||Current Liabilities||||(65,805)||21,570|(44,235)||
||Net Assets||||1,529,575|59,1$3|744,679|2,333,437||
||Unrestricted|||||||||
|16.|Funds|||||||||
||||||||Investment|||
||||IJaa '22||Iacome|Expenditure<br>f|gains/(losses)<br>f|Transfers<br>f,|31Dec '22<br>f|
||General Fund||1,038,975||$16,107|(185,985)|(84,040)|(55,482)|1,529,575|
||||1030970||016107|~20590|~04040|~05402|1529575|





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|||||||||31Dec|
|---|---|---|---|---|---|---|---|---|
|17.|Desigaated|Funds (Unrestricted)||IJan '22|Income|Expenditure|Transfers|'22|
|||||8|||||
||Designated|Assets Fund||34,691||(6,839)|31,331|59,183|
|||||34 691||~6039|31331|S9,183|
||Purposes ofDesigaated||Funds||||||
||Designated|Assets Fund: This Fund represents||the net book value ofthe||charity's fixed assets.|||
|||||||||31Dec|
|18.|Restricted|Funds||1Jan '22|Income|Expeaditure|Transfers|'22|
|||||||||8|
||Central Gifts Fund|||68,485|271,144|(250,745)||88,&&4|
||Lord's Servants and Widows Fund|||9,965|25,034|(27,249)||7,750|
||Fellowship|Relief Fund|- Relief|190,202|101,354|(55,765)|(60,706)|175,085|
||Fellowship|Relief Fund|- Philippines||5,300|(27,015)|21,715||
||Fellowship|Relief Fund|- Malawi||123,222|(125,716)|2,494||
||Fellowship|Relief Fund|- Myanmar||10,832|(39,256)|2$,424||
||Fellowship|Relief Fund|- CEF||3,780|(11,$53)|8,073||
||Fellowship|Outreach Fund||499,910|89,036|(134,$37)||454,109|
||FarEast and Attica Property (FEAP)||||||||
||Fund|||33,882|8,171|(62,373)|20,320|(0)|
||Conference|ofOverseers'|Fund|13,955|7,380|(11,705)||9,630|
||A&ice Ministering<br>Brethren's<br>Fund|||2,794|53,535|(60,160)|3,831|0|
||Far East Ministering<br>Brethren's||||||||
||Fund|||13,60$|8,487|(12,874)||9,221|
|||||832001|~707 70|~039 540|24151|744 679|





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||||||1/909vsrricred|1/909vsrricred|||
|---|---|---|---|---|---|---|---|---|
||||||General|Designated|Restricted|2021|
||||||Fund|Funds|Funds|Total|
|||||||6|f.||
|Income from:|||||||||
|Donations<br>and|legacies||||157,246||614,966|7729212|
|Charitable<br>activities|||||||8,044|8,044|
|Investments|||||9,847|||9,847|
|Toto)income|||||167,093||623,010|790,103|
|Expenditure|||||||||
|on:|||||||||
|Raising funds|||||(8,939)|||(8,939)|
|Charitable<br>activities|||||(126,241)|(5,953)|(703,012)|(835206)|
|Total<br>expenditure|||||(135,180)|(5,953)|(703,012)|(844,145)|
|Net income/(expenditure)||||before gains and lames|||||
|on investments|||||31,913|(5,953)|(80,002)|(54,042)|
|Gains and losses on|||investment||||||
|assets|||||||||
|Realised gains|||||646|||646|
|Unrealised|||||||||
|gains|||||74365|||74 65|
|Total gains on|investment|||assets|75,011|||75,011|
|Net income/(expenditure)<br>year||||for the|106,924|(5,953)|(80,002)|209969|
|Transfers between||funds|||(5,000)|5,000|||
|Net Movement|in Fuads||||101,924|(953)|(80,002)|20,969|
|Reconciliatioa|offunds||||||||
|Total funds brought|||forward||937,051|35,644|912,803|1,885,498|
|Total funds carried|||forward||1,038,975|64,691|000,001|4,906,469|