2021-12-31-accounts - United Christian Broadcasters Limited

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CONTENTS			Page
Trustees' Report			1-14
Independent Auditor's	Report		15-17
Statement of Financial	Activities
(Including an income	and expenditure	account)	18
Balance Sheet			19
Cash Flow Statement			20
Notes to the Financial	Statements		21 - 37

			2021 6000
Income
Donations: non-regular Donations: regular Gift Aid tax claimed			3,785 4,368 1,138
Legacies			205
Income from charitable	activities		65
Income from investments			6
Government Grant income			7
			9,574
~ECht
Raising funds:
Fundraising & publicity			742
Charitable activities:
Broadcasting			3,868
Publications			1,910
Other digital delivery	(non-broadcasting)		430
OneHope			55
Prayerline			291
Charitable donations			314
Grants paid			118
Global broadcasting	and publication	support	168
			7,896
Surplus for the year			1,676

	Note	2021	2021	2021	2020
		6	5	5
		Unrestdicted	Restricted	Total	Total
INCOME FROM
Activities to generate funds:
Donations and legacies		7,444,711	2,051,529	$,496,240	9,391,020
Government grant income		7,054		7,054	56,170
Investments		6,296		6,2$6	5,267
Charitable activities		~64633		~64633	114815
Total income
EXPENDITURE ON
Raising funds		~742 266		~742266	719580
Net income available for charitable application		6780428	20515298831957		5557 592
Charitable activities		~5233226	~1$20810	~7154036	6725010
Total expenditum
Net movement in funds		1,547,202	130,7191,677,921		2,131,552
Total funds brought forward
Total funds carried forward	17

AS AT 31 DECEM	B	ER 202	1
						2021	2021	2020
					Note	6	6	8
Fixed Assets
Intangible assets					10		135,250	76,714
Tangible assets					11		2,116,948	2,144,974
Investments					12		312	312
							2,252,510	2,222,000
Current Assets
Debtors: amounts	falling due within one
year					13	638,416		633,014
Cash at bank and	in	hand				~5790488		4201233
						6,428,904		4,834,247
Creditors: amounts		falling	due within	one	14	~559841		6122
year
Net Current Assets							5859 063	4221994
Total Assets less	Current		Liabilities				8,111,573	6,443,994
Creditors: amounts		falling	due after more		15			~10342
than one year
Net Assets
Funds ofthe charity
Unrestricted funds:
General reserve					16		7,680,008	6,125,405
Revaluation reserve					16		203,514	210,915
Restricted funds					16		228 051	97332

					2021	2020
				Note	6
Net cash provided by operating activities				22	1,815,568	2,331,264
Cash flows from investing	activities
Interest received					6,296	5,267
Profit on the sale offixed assets						473
Purchase ofproperty, plant	and equipment				201 606	~246 662
Net cash used in investing	activiges				1 5310	240 942
Cash flows from financing	activities:
Payments under hire purchase agreements					(31,003)	(31,027)
Net cash used in financing	activities				31003	31027
Change in cash and cash	equivalents	in the	reporting
pelfod					1,589,255	2,059,315
Cash and cash equivalents	at the beginning		ofthe
reporting period					~4201 233	2 141916
Cash and cash equivalents	atthe end	ofthe	reporting
period					~5790488

			Note	2020	2020	2020
				E	E	E
				Unrestricted	Restricted	Total
INCOME FROM
Activities to generate funds:
Donations and legacies				7,700,835	t,sao,1so	a,aaf,o20
Other trading activities				66,170		66,170
Investments				5,267		5,267
Charitable activities				~114815		114 1
Total income
Expenditure on
Raising funds				~719580		~710580
Net Income available	for	charitable
application				7167507	1690185	~8857692
Charitable activities				~5041 751	~14259	726010
Total expenditure
Net movement in funds				2,125,756	5,926	2,131,682
Total funds brought forward
Total funds carried forward			16

INCOME FROM DONATIONS AND	LEGACIES
			2021	2020
	Unrestncted 6	Restricted E	Totalf	Totalf
Non regular donations	2,846,075	939,080	3,785,155	3,715,939
Regular donations	3,350,906	1,016,802	4,367,708	4,033,516
Income tax repayments	1,042,990	95,647	1,138,637	1,071,788
Legacies	~204740		~204740	569777
	~7444711	~2051 529	~9496240	9391020

	2021 6	2020f
Radio broadcasting		4,760
Video Other services	44,600 12,sas	33,400 75,'385
One Hope	~7437	257

ANALYSIS OF T	OTAL EXPEN	DITURE
		Staff	Direct	Support	Depreciation	Total	Total
		Costs	Costs	Costs	and	2021	2020
					amortisationf
Raising funds
Fundraising and publicity costs		341,736	339,297	57,882	3,351	742,266	719,580
Charitable activities
Broadcasting —UK and Europe:
- Radio		1,001,421	2,397,601	$0,200	s0,4sa	3,539,681	3,132,093
-Video		153,486	110,269	42,875	21,782	328,412	392,782
Publications:
-Word for Today		622,322	675,721	114,613	55,2$2	1,467,948	1,472,194
-One Hope		81,837	35,495	11,342	1,675	130,349	98,098
-Other resources		79,782	214,294	12,528	5,026	311,630	307,517
Other digital delivery	(non-	284,111	72,461	56,864	16,756	430,192	434,450
broadcasting)
One Hope		28,586	10,642	8,726	1,675	4a,62$	46,907
Prayerline		206,015	48,474	2$,403	6,703	290,595	286,763
Ancillary expenditure:			5,814			5,814
One Hope							302
Chadtable donations			314,026			314,026	291,133
Grants paid			117,540			117,540	118,724
Global broadcasting	and	104,934	43,224	11,685	6,377	168,220	145,047
publication support
Total charitable expenditum		~2562 494	~4045561	~378236	~167745	~7154036	~6725
Total Resources expenditure

		Operational
		and		Information	Total	Total
6b. SUPPORT COSTS		Governance 6	Finance 6	Systems f	2021 6	2020 5
Raising funds
Fundraising and publicity costs		9,928	33,833	14,121	57,882	52,602
Charitable activities
Broadcasting —UK and Europe:
- Radio		45,742	12,687	31,771	90,200	85,207
-Video		22,834	5,920	14,121	42,875	40,198
Publications:
-Word for Today		56,614	21,992	36,007	114,613	105,515
-One Hops		6,826	1,692	2,824	11,342	10,092
-Other resources		6,601	1,692	4,235	12,528	11,567
Other digital delivery	(non-
broadcasting)		30,321	2,538	24,005	56,864	54,180
One Hope		5,623	1,692	1,411	8,726	7,830
Prayerline		21,497	846	7,060	29,403	26,845
Global broadcasting	and
publication support		4345	1692	~5 648	11685	11288
Total charitable expenditure
Included in the above are governance		costs of229,102	(2020:527,484).
7. GRANT FUNDING ACTIVITIES
The following grants	were made during	the year.
				2021		2020
				6		5
UCB France				22,533
MTU Raadio 7UCB Meedia				58,681	65,715
UCB Switzerland				36,326	32,258
UCB Italia				~ff7540	20 751 ~7

			2021	2020
			6	6
Net incoming resources	are	stated a/fer charging:
Auditor's remuneration	-	in respect ofaudit	15,400	15,020
Depreciation			134,531	133,239
Amortisation			36,565	71,824
Operating lease payments			1,813,989	1,625,173
Gain/(loss) on exchange	rate

				2021	2020
				No.	No.
Costs	ofgenerating		funds	11	11
Direct	charitable	expenditure		82	84

					2021	2020
					No.	No.
	Costs of	generating		funds	12	12
	Direct charitable		expenditure		90 202	931'
The	aggregate	payroll	costs ofthese persons were as follows:
					2021	2020
					8
	Salaries				2,538,571	2,434,915
	Social security costs				227,150	211,836
	Other pension costs				~138509	131730

ed below:
2021	2020
No.	No.

INTANGIBLE FIXEDASSETS
	Software
		6
Cost/valuation
At 1 January 2021	645,	751
Additions	95,101
At 31 December 2021	~740	52
Amortisation
At 1 January 2021	569,037
Charge for year	36,565
At 31 December 2021	~605	602
Net book value
At 31 December 2021
At 31December 2020

	Freehold	Plant	Fixtures
	Land and	and	and	Motor	IT
	Buildings	Equipment	Fittings	Vehicles	Equipment	Total
	6	6	8	6	8	8
Cost/valuation
At 1 January 2021	2,975,455	732,195	395,195	35,065	809,209	4,950,155
Additions		20,238	58,459		27,808	106,505
Disposals		(171,740)	(43,648)	(8,500)		(223,888)
At 31 December 2021	~2978488	~580696	4~10006	~26565	~837017	~4832772
Depreciation
At 1 January 2021	1,111,215	635,254	330,549	35,055	592,098	2,805,181
Charge for year	52,420	26,252	13,795	-	42,064	134,531
Disposals		(171,740)	(43,648)	(8,500)		(223,888)
At 31 December 2021	1 163635	490 766	300696	26565	734162	2715824
Net book value
At 31 December 2021
At31December 2020

The cost rules is as	of freehold land and follows:	buildings, d	etermined according	to the his	toric co	st accounting
					2021	2020
					2
Cost				2,486,576		2,485,575
Aggregate	depreciation			~997	119	~952 100
Net book	value
Assets held under hire purchase		agreement	are as follows:
					2021	2020
					6
Cost				537,179		537,179
Aggregate	depreciation			~21	3	~495554
Net book	value

CREDITOR	S: Amounts falling	due after m	ore than one	year	year
				2021 5		2020f
Obligations	under hire purchase	contracts
Between	one and two years					10,342
Between	two and five years
RESERVES
		A11				At 31
		January	Incoming	Outgoing		December
		2021 f	Resources 8	Resources 5	Transfers 5	2021 8
Movement	in Reserves
Restdicted Reserves Revaluation Reserve		97,332 210,915	2,051,529	(1,920,810)	(7,401)	228,051 203,514
General Reserve		5 125405	7522 594	~5975492	7401	~7680 008
Total Reserves
						At 31
		A11	Incoming	Outgoing		December
		January	Resources	Resources	Transfers	2021
		2021f
Restricted Reserves
Fundraising	and Publicity		1,015			1,015
UCB Albania		399	300	(6aa)
Academy		112		(112)
Broadcasting	costs (Radio)		1,540,928	(1,540,928)
Word for Today			9,009	(9,009)
Charitable donations		4,019	1,430			5,449
Prayerline		59,507	498,847	(347,612)		221,042
ITAppeal		22,545		(22,000)		545
Video		450		(440)
Total Restricted Reserves

RESERVES (CONTINUED)
	AI 1				AI31
	January 2020	Incoming Resources	Outgoing Resources f	Transfers f	December 2020 f
Movement in Reserves
Restricted Reserves Revaluation Reserve General Reserve	91,406 218,316 3992248	1,690,185 7887 087	(1,684,259) f55761331	(7,401) 7401	97,332 210,915 6125405
Total Reserves
	At 1January				At 31
	2020	Incoming	Outgoing		December
		Resoumesf	Resources	Transfersf	2020
Restricted Reserves
Fundraising and Publicity	1875		(1,875)
UCB Albania	99	300			399
Academy	2,703		(2,590)		112
Broadcasting costs (Radio)		1,327,576	(1,327,576)
Word for Today		10,086	(10,086)
Charitable donations Prayerline	2,319 se,'e74	1,700 350,523	(339,591)		4,019 69,'807
ITAppeal	25,086		(2,541)		22,545
Video	450				450
Total Restricted Reserves

ANALY	SIS OF NET	ASSETS BETWEEN	FUNDS
			2021	2021	2021
			Unrestricted	Restricted	Total
			Funds	Funds	Funds
			6	6	6
Fixed assets			2,252,510		2,252,510
Current	assets		6,200,853	228,051	6,428,904
Current	liabilities		~S69841		~569841
			2020	2020	2020
			Unmsfncted	Restricted	Total
			Funds	Funds	Funds
Fixed assets			2,222,000		2,222,000
Current	assets		4,736,915	97,332	4,834,247
Current	liabilities		(612,253)		(612,253)
Creditors: amounts		falling due aRer
more than one year			10342		10342

		2021	2021	2020	2020
Name	ofgrantee	Grant	Year end	Grant	Yearend
		f	creditorf		Creditor
UCB	France	22,533	5,461
UCB	Switzerland	36,326		32,258
UCB	Ireland				7422

CB Ireland also rec	eived the following financial support:
		2021	2020
Salary, social security and other pension costs ofStation		51,082	52,432
Manager employed	by UCB
Office rent charged	at less than market value	4186

	2021	2020
Expire less than one year	1,164,136	872,197
Expire between two and five years	4,203,141	97,412
More than five years	~541 676

		2021f	2020f
Net income for the year		1,677,921	2,131,582
Adjustments for:
Depreciation charges		134,531	133,239
Amortisation charges		36,565	71,824
Interest receivable		(6,296)	(5,287)
Interest payable
Increase in debtors		(5,401)	(SS,427)
(Increase)/decrease	in creditors	(21,752)	85,882
Loss on disposal offixed assets Profit on sale offixed assets			1,024 ~473

LYSI	S OF CHANG	ES IN NET D	EBT
			At 1January 2021	Cash Flows	At 31 December 2021
				6	6
Cash	at bank and	in hand	4,201,233	1,56$,255	5,790,466
Debt	due within one year		(31,027)	20,660	(10,367)
Debt	due after one	year	~10342	10342

		At 1January 2020	Cash Flows 6	At 31 December 2020f
Cash	at bank and in hand	2,141,918	2,059,315	4,201,233
Debt Debt	due within one year due after one year	(31,027) ~41369	31027	(31,027) ~10342