2020-12-31-accounts

CONTENTS
Trustees’ Report
Independent Auditor's Report
Statementof Financial Activities
(Including an income and expenditure account)	17
Balance Sheet	18
Cash Flow Statement	19
Notes to the Financial Statements	20 - 36

	2020	"Listening to UCB Radio
Income. Donations: non-regular	£000 3,716	has been very beneficial in growing deeperin God, especially during
Donations: regular	4,033	lockdown and churches
Government grant income	66	being closed. Your daily
Gift Aid tax claimed	1,072	prayers and wordsof
Legacies Income from charitable activities	570 115	encouragement have been very precious and
Income from investments	6	rewarding too, and UCB
		Prayerline has been
	9,577	wonderful to turn to
; Expenditure		for prayer”
Raising funds:
Fundraising & publicity	720
Charitableactivities:
Broadcasting	3,524
Publications	1,878
Otherdigital delivery (non-broadcasting)	434
OneHope	47
Prayerline	287
Charitable donations	291
Grants paid	119
Global broadcasting and publication support	145
	7,445
Surplus for the year	2,132

	Note	2020	2020	2020	2019
		£	£	£	£
		Unrestricted	Restricted	Total	Total
INCOME FROM
Activities to generate funds:
Donations and legacies	4	7,700,835	1,690,185	9,391,020	8,288,798
Government grant income		66,170	*	66,170	-
Investments		5,267	-	5,267	6,289
Charitable activities	6	114,815	:	114,816	142,887
Total income		£887,087	1,690,185	9,577,272	8,437,974
EXPENDITURE ON
Raising funds	6	719,680	-	719,580	758,919
Net incomeavailable for charitable
application		7,167,507	1,690,185	8,857,692	7,679,055
Charitable activities	6	§,041,751	1,684,259	6,726,010	6,770,316
Total expenditure		§,761,331	1,884,259	7,445,590	£529,235
Net movementin funds		2,125,756	5,926	2,131,682	908,739
Total funds brought forward		4,210,564	21,406	4,301,970	3,393,231
Total funds carried forward	17	6,336,320	—97,332	6,433,652	4,301,970

		2020	2020	2019
	Note
Fixed Assets
Intangible assets	10		76,714	111,876
Tangible assets	11		2,144,974	2,069,217
Investments	12		312	312
			2,222,000	2,181,405
Current Assets
Debtors: amountsfalling due within one
year	13	633,014		566,587
Cash at bank and in hand		4,201,233		2,141,918
		4,834,247		2,708,505
Creditors: amounts falling due within one	14	(612,253)		346,571
year
Net Current Assets			4,221,994	2,161,934
Total Assets less Current Liabilities			6,443,994	4,343,339
Creditors: amounts falling due after more	15		10,342	41,369
than one year
Net Assets			8,433,652	4,301,970
Fundsof the charity
Unrestricted funds: General reserve Revaluation reserve	16 16		6,125,405 210,915	3,992,248 218,316
Restricted funds	16		—92,332	—91,406
			6,433,652	4,301,970

		2020	2019
	Note	£	£
Net cash provided by operating activities	22	2,331,284	1,047,655
Cash flows from investing activities
Interest received		6,267	6,289
Profit on the sale of fixed assets		473
Purchaseof property, plant and equipment		(246,682)	(204,793)
Net cash usedin investing activities		(240,942)	(198,504)
Cash flows from financing activities: Payments under hire purchase agreements		(31,027)	44,705
Net cash usedin financing activities		(31,027)	44,705
Change in cash and cash equivalents in the reporting
period		2,059,315	893,856
Cash and cash equivalents at the beginning of the
reporting period		2,141,918	1,248062
Cash and cash equivalents at the end of the reporting
period		4,201,233	2,141,918
The notes on pages 20 to 36 form part of the financial statements.

			Note	2019	2019	2019
				£	£	£
				Unrestricted	Restricted	Total
INCOME FROM
Activities to generate funds:
Donations and legacies Othertrading activities			4	6,901,974 -	1,386,824 .	8,288,798 -
Investments				6,289	=	6,289
Charitable activities			6	142,887	:	142,887
Total income				£051,150	1,386,824	8,437,974
Expenditure on
Raising funds			6	758,919	:	758,919
Net income available	for	charitable
application				6.292.231	1,386,824	7,679,055
Charitable activities			6	6.405.498	1,364,818	6,770,316
Total expenditure				6.164.417	4,364,818	7,592,235
Net movementin funds				886,733	22,006	908,739
Total funds brought forward				3,323,831	69,400	3,393,231
Total funds carried forward			16	4,210,564	91,406	4,301,970

4,	INCOME FROM DONATIONSAND LEGACIES	INCOME FROM DONATIONSAND LEGACIES
							2020	2019
			Unrestricted		Restricted		Total	Total
				£		£	£	£
	Non regular donations Regular donations		2,927,712 3,209,999		788,227 823,517		3,715,939 3,127,211 4,033,516 3,978,171
	Income tax repayments		993,347		78,441		1,071,788	965,231
	Legacies		569,777			-	569,777	278,185
			7,700,835		1,690,185		9,391,020 8,288798
5.	INCOME FROM CHARITABLEACTIVITIES
					2020		2019
					£		£
	Radio broadcasting Video Other services One Hope			4,760 33,400 76,388 267		18,270 52,361 57,534 14,722
				114,815		142,887
	Total income of £9,577,272 was generated from the UK - £85,977.			£9,352,589 Europe- £138,706 Rest of the				World -
	ANALYSIS OF TOTAL EXPENDITURE
		Staff	Direct	Support	Depreciation		Total	Total
		Costs	Costs	Costs		and	2020	2019
					amortisation
	Raising funds	£	£	£		£	£	£
	Fundraising and publicity costs	334,617	328,342	52,602		4,019	719,580	758,919
	Charitable activities
	Broadcasting — UK and Europe:
	- Radio	876,046	2,110,469	85,207		60,371	3,132,093	3,338,016
	- Video	209,824	116,633	40,200		26,125	392,782	395,968
	Publications:
	- Word for Today	578,175	722,086	105,616		66,317	1,472,194	1,340,046
	- One Hope - Other resources Other digital delivery (non- broadcasting)	75,891 75,266 293,608	10,105 214,655 66,566	10,092 11,567 64,180		2,010 6,029 20,096	98,098 307,517 434,450	115,833 284,822 422,244
	One Hope Prayerline Ancillary expenditure:	27,790 202,638	9,278 49,242	7,829 26,845		2,010 8,038	46,907 286,763	46,478 269,589
	One Hope Charitable donations Grants paid Global broadcasting and publication support	- - - 104,626	302 291,133 118,724 19,086	- - - 11,287		- - - 10,048	302 291,133 118,724 145,047	11,985 287,744 84,499 173,182
	Total charitable expenditure	2,443,864	3,728,279	352,823		201,044	6,726,010	6,770,316
	Total Resources expenditure	2,178,481	4,056,621	405,425		205,063	7,445,590	£592,235

	Operational
	and		Information	Total	Total
	Governance	Finance	Systems	2020	2019
6b. SUPPORT COSTS	£	£	£	£	£
Raising funds
Fundraising and publicity costs	6,017	31,094	15,491	52,602	47,924
Charitable activities
Broadcasting — UK and Europe:
- Radio - Video Publications: - Word for Today - One Hope - Other resources Otherdigital delivery (non- broadcasting) One Hope Prayerline Global broadcasting and	38,691 19,266 45,902 5,439 5,365 25,513 4,726 18,322	11,660 5,441 20,211 1,555 1,555 2,332 1,555 777	34,856 15,491 39,503 3,098 4,647 26,335 1,549 7,746	85,207 40,198 105,616 10,092 11,567 54,180 7,830 26,845	81,936 39,033 100,425 9,719 11,139 52,598 7,918 27,623
publication support	—3,536	1,555	—5,197	11,288	10,557
Total charitable expenditure	1f2,777	11,136	154,913	405,425	388.872
Included in the above are governancecosts of £27,484		(2019: £31,199).
7 GRANT FUNDING ACTIVITIES

	2020	2019
		RESTATED
		£
MTU Raadio 7 UCB Meedia (formerly NGO Raadio 7)	65,715	65,759
UCB Switzerland	32,268
UCBItalia	20,751	18,740
		84,499

		2020	2019
		£	£
Net incoming resourcesare	stated after charging:
Auditor's remuneration -	in respect of audit	15,020	15,703
Depreciation		133,239	187,117
Amortisation		71,824	63,523
Operating lease payments		1,626,173	1,780,914
(Gain)loss on exchangerate		(1,576)	69

		2020	2019
		No.	No.
Costs	of generating funds	11	9
Direct	charitable expenditure	_95	_94
		106	103

		2020	2019
		No.	No
	Costs of generating funds	12	11
	Direct charitable expenditure	105	104
		117	114
The	aggregate payroll costs of these persons wereasfollows:
		2020	2019
		£	£
	Salaries	2,434,915	2,350,336
	Social security costs	211,836	204,840
	Other pension costs	131,730	120,415
		2.778.481	2,675,591

			2020	2019
			No.	No.
£60,001	to	£70,000	3	2
£70,001	to	£80,000	-	-
£80,001	to	£90,000	-	1
£90,001	to	£100,000	41	=

ntributions) was:
		2020	2019
		£	£
Senior management team	remuneration	459.413	451,162

	Software
	£
Cost/valuation
At 1 January 2020	609,089
Additions	36,662
At 31 December 2020	645.751
Amortisation
At 1 January 2020	497,213
Charge for year	71,824
At 31 December 2020	569,037
Net book value
At 31 December 2020	16,714
At 31 December 2019	111,876

	Freehold	Plant	Fixtures
	Land and	and	and	Motor	IT
	Buildings	Equipment	Fittings	Vehicles	Equipment	Total
	£	£	£	£	£	£
Costivaluation
At 1 January 2020	2,947,775	700,093	369,159	39,465	723,230	4,779,722
Additions	30,713	67,294	26,036	-	85,979	210,022
Disposals	-	(35,189)	°	(4,400)	.	(39,589)
At 31 December 2020	2,978,488	732,198	395,195	35,065	809,209	4,950,155
Depreciation
At 1 January 2020	1,058,851	656,641	319,533	36,652	638,828	2,710,505
Charge for year	52,364	14,802	11,016	1,787	53,270	133,239
Disposals	-	(35,189)	-	(3,374)	-	(38,563)
At 31 December 2020	1,141,215	636,254	330,549	35,065	692,098	2,805,181
Net book value At31 December 2020	4,867,273	95,944	64646	_-	117,114	2,144,974
At 31 December 2019	1,888,924	43,452	49,626	2,813	84,402	2,069,217

	2020	2019
	£	£
Cost	2,486,576	2,486,576
Aggregate depreciation	(952,100)	(907,136)
Net book value	1,634,476	1,579,440
Assets held under hire purchase agreementare as follows:
	2020	2019
	£	£
Cost	537,179	537,179
Aggregate depreciation	(495,554)	(441,520)
Net book value	41,625	95,659

13.	DEBTORS: Amountsfalling due within one year
		2020	2019
		£	£
	Trade debtors	2,988	96
	Accrued income	326,428	257,640
	Prepayments	303,598	308,851
		$33,014	966,587
14.	CREDITORS: Amountsfalling due within one year
		2020	2019
		£	£
	Hire purchase account	31,027	31,027
	Trade creditors	235,827	189,122
	Taxation and social security	61,247	62,335
	Othercreditors	99,401	107,477
	Accruals	184,751	153,600
	Deferred income	=	3,010
		612,253	546,571

		2020	2019
		£
Obligations	under hire purchase contracts
Between	one and two years	10,342	31,027
Between	two andfive years		10,342
		10,342

16.	RESERVES
		At 1				At 31
		January	Incoming	Outgoing		— December
		2020	Resources	Resources	Transfers	2020
		£	£	£	£	£
	Movementin Reserves
	Restricted Reserves	91,406	1,690,185	(1,684,259)	-	97,332
	Revaluation Reserve	218,316	-	-	(7,401)	210,915
	General Reserve	3,992,248	7,887,087	(5,761,331)	__7,401	6.125.405
	Total Reserves	4,301,970	2,577,272	(7,445,590)	:	8,433,652
		At 1				At 31
		January	Incoming	Outgoing		December
		2020	Resources	Resources	Transfers	2020
	Restricted Reserves	£	£	£	£	£
	Global Fundraising and Publicity	1875	-	(1,875)	-
	UCBAlbania Academy Broadcasting costs (Radio)	99 2,703 -	300 - 1,327,576	- (2,590) (1,327,576)	- - .	399 112
	Word for Today	-	10,086	(10,086)	-
	Charitable donations Prayerline IT Appeal	2,319 58,874 25,086	1,700 350,523 .	- (339,591) (2,541)	- - -	4,019 69,807 22,545
	Video	450	-	=	.	450
	Total Restricted Reserves	91.406	1,690,185	(1,684,269)	__-	— 97,332

	2020	2020	2020
	Unrestricted	Restricted	Total
	Funds	Funds	Funds
	£		£
Fixed assets	2,222,000		2,222,000
Current assets	4,736,915		4,834,247
Currentliabilities Creditors: amountsfalling due after more than one year	(612,253) 0,342 §,336,320		(612,253) _110,342) 6,433,652
	2019	2019	2019
	Unrestricted	Restricted	Total
	Funds	Funds	Funds
	£		£
Fixed assets Current assets Currentliabilities Creditors: amountsfalling due after more than one year	2,181,405 2,617,099 (546,571) (41,369) 4,210,564		2,181,405 2,708,505 (646,571) (41,369) 4,301,970

	2020	2020	2019	2019
			RESTATED
	Grant	Yearend	Grant	Year end
Nameof grantee		creditor		Creditor
	£	£	£	£
UCB Switzerland	32,258	-	n/a	n/a
UCBIreland	.	7,42	-	21,734
	32,258	L422	—_	21,734

	2020	2019
	£	£
Salary, social security and other pension costs of Station Manager employed by UCB	§2,432	44,271
Office rent charged at less than market value	4,399	6,100
	56,831	20,371

		Other
		2020	2019
		£	£
Expire Expire	less than one year between two and five years	872,197 _97,412	1,656,918 933,754
		-269,609	2,590,672

	2020	2019
	£	£
Net incomefor the year	2,131,682	908, 739
Adjustmentsfor:
Depreciation charges	133,239	187,117
Amortisation charges	71,824	63,523
Interest receivable	(5,267)	(6,289)
Interest payable
Increase in debtors	(66,427)	(55,806)
Increase/(decrease)in creditors Loss on disposalof fixed assets	65,682 1,024	(49,629) -
Profit on sale of fixed assets	(473)	:
Net cash provided by operating activities	2,331,284	_1,047,655

	At 1 January	Cash	At 31 December
	2020	Flows	2020
	£	£	£
Cashat bank and in hand	2,141,918	2,059,315	4,201,233
Debt due within one year	(31,027)	=	(31,027)
Debt due after one year	(41,369)	31,027	(10,342)
	2,069,522	2,090,342	4,159,864

	At 1 January	Cash	At 31 December
	2019	Flows	2019
	£	£	£
Cashat bank and in hand	1,248,062	893,856	2,141,918
Debt due within one year	(27,691)	(3,336)	(31,027)
Debt due after one year	-	(41,369)	(41,369)
	1,220,371	849,151	2,069,522