|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|
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||||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|
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||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||
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||||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||||
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|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.|
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##
|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||||||
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|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|||||||
##
|16.|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|
##
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##
|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|