2022-12-31-accounts - United Christian Broadcasters Limited

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CONTENTS	Page
Trustees’Report	1-16
IndependentAuditor'sReport	17-19
StatementofFinancialActivities
(Includinganincomeandexpenditureaccount)	20
BalanceSheet	21
CashFlowStatement	22
NotestotheFinancialStatements	23-41

We	provide practical and financial assistance to other Christian	broadcasters and publishers
throughouttheworld.Ourgrantmakingpolicyistoprovidegrantsfor		thedevelopmentofUCBWord
For	Todaypublicationsandbroadcastingactivity,consistentwithourcharitableobjectives.
Whatweaimedtodoin2022 e ContinueourroleasaEuropeanregionalhub,workingin		“Idrivearoundprovidingcare forpeopleintheirown
	relationshipwithUCBInternationalandproviding assistancethroughgrants,training,technicalresources andspiritualsupporttoother Christianbroadcastersand	homes.UCBallowsmeto listentomusicand
	publishersprimarilythroughoutEuropewithaclearfocus:	conversationwhich
	1)Tobethefacilitator,incubator,replicatorandunifier	encouragesmeandconnects metoJesusandmyChristian
	withinEurope,and.encourageallUCBEuropeUCB
	affiliates(oldandnew)todemonstrate:	family.Thishelpsmetocare
	o Amissionorientatedculture o Akingdomspirit(non-denominational) © Integrity	o Generosity(open hand) o Stewardship o Intentionalfocusonreachingpeoplebythepower

	2022	“Iwasbookedinfora
Income Donations:non-regular Donations:regular GiftAidtaxclaimed Legacies Incomefromcharitableactivities Incomefrominvestments	£000 3,373 4,532 1,138 324 97 81	cataractoperation,and theUCBWordFor Todayverseforthe day was‘Yourfaithhas madeyouwell’.Iwas overjoyednotonly aboutreceivingmysight butaboutencountering
		Jesusafresh.Iamso
	9,545	gratefultoGodforhis
Expenditure Raisingfunds: - - Fundraising & publici 9&publicity	856	wonderfulloveandcare expressedtome throughthemedical staffatthehospital
Charitableactivities:		andmychurchfamily.
Broadcasting	3,425	Praisehiswonderful
Publications	2,015	name,Tamstill
Otherdigitaldelivery(non-broadcasting)	473	rejoicingdaily
OneHope	59
Prayerline	306
Charitabledonations	383
Grantspaid	447
Globalbroadcastingandpublicationsupport	200
	8,164
Surplusfortheyear	1,381

UNITED CHRISTIAN BROADCASTERS LIMITED INDEPENDENT AUDITOR'S _REPORT YEAR ENDED 31 DECEMBER 2022

In our opinion based on the work undertaken in the course of our audit

the information given in the trustees' report, which includes the directors' report and the strategic report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the strategic report and the directors' report included within the trustees' report have been prepared in
accordance with applicable legal requirements.

Matters on which we are required to report by exception

In light of the knowledge and understanding of the charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report included within the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate and proper accounting records have not been kept; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit

Responsibilities of trustees

As explai�ed more fully in the trustees' responsibilities statement set out on page 13, the trustees (who are also the directorsfof the charitable company for the purposes of company law) are responsible for the preparation of the financial�statements and for being satisfied that they give a true and fair view, and for such internal control as the trusteesilaetermine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

. In" prepiffirig the financial statements, the trustees are responsible for assessing the charitable company's ability to continue�as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the.audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee thatan audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of i.isers taken on the basis of these financial statements.

Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and non compliance with laws and regulations are set out below.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: w.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

· Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material mi�statement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.

UNITED CHRISTIAN 'BROADCASTER$ LIMITED INDEPENDENT AUDITOR'S REPORT YEAR ENDED 31 DECEMBER 2022

We obtained an understanding of the legal and regulatory frameworks within which the charitable company operates, focusing on .those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006 and the Charities Act 2011 together with the Charities SORP (FRS 102). We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which rnight be fundamental to the charitable company's ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charitable company for fraud. The laws and regulations we considered in this context were Ofcom requirements.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the trustees and other management and inspection of regulatory and legal correspondence, if any.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within legacy and grant income and the override of controls by management. Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks of irregularities, designing audit procedures over income, sample testing on the posting of journals, reviewing accounting estimates for biases and reading minutes of meetings of those charged with governance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some · material .misstatements in the financial statements, even though we have properly planned and performed our audit in accoraance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

Use of our report

°This ref:?oi1 is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Tara Westcott Senior Statutory Auditor For and on behalf of Crowe U.K. LLP Statutory Auditor

Fourth Floor St James House St James Square Cheltenham GL50 3PR Date 10 August 2023

					Restated
	Note	2022	2022	2022	2021
		£	£	£	£
		Unrestricted	Restricted	Total	Total
INCOMEFROM
Activitiestogeneratefunds:
Donationsandlegacies	4	7,042,534	2,323,729	9,366,263	9,431,947
Governmentgrantincome		-	-	-	7,054
Investments		80,991	-	80,991	6,296
Charitableactivities	5	97,069	:	97,069	64,633
Totalincome
		7,220,594	2,323,729	9,544,323	9,509,930
EXPENDITUREON
Raisingfunds	6	855,609	-	855,609	142,266
Netincomeavailableforcharitable
application		6,364,985	2,323,729	8,688,714	8,767,664
Charitableactivities	6
		5,159,061	2,148,801	7,307,862	7,154,036
Totalexpenditure		6,014,670	2,148,801	8,163,471	7,896,302
Netmovementinfunds		1,205,924	174,928	1,380,852	1,613,628
Totalfundsbroughtforward	16	2,725,398	228,051	7,953,449	6,339,821
Totalfundscarriedforward	16	8,931,322	402,979	9,334,301	1,953,449

			Restated
		2022	2021
	Note	£	£
Netcashprovidedbyoperatingactivities	22	1,566,440	1,815,568
Cashflowsfrominvestingactivities
Interestreceived		80,991	6,296
Purchaseofproperty,plantandequipment		(346,457)	(201,606)
Netcashusedininvestingactivities		(265,466)	(195,310)
Cashflowsfromfinancingactivities:
Paymentsunderhirepurchaseagreements		(71,278)	(31,003)
Newhirepurchaseagreements		182,471	:
Netcashusedinfinancingactivities		111,193	(31,003)
Changeincashandcashequivalentsinthereporting
period		1,412,167	1,589,255
Cashandcashequivalentsatthebeginningofthe
reportingperiod		5,790,488	4,201,233
Cashandcashequivalentsattheendofthereporting
period		7,202,655	5,790,488

		Restated		Restated
	Note	2021	2021	2021
		£	£	£
		Unrestricted	Restricted	Total
INCOMEFROM
Activitiestogeneratefunds:
Donationsandlegacies	4	7,380,418	2,051,529	9,431,947
Governmentgrantincome		7,054	-	7,054
Investments		6,296	-	6,296
Charitableactivities	5	64,633	-	64,633
Totalincome		7,458,401	2,051,52	__9,509,930
EXPENDITUREON
Raisingfunds	6	742,266	-	742266
Netincomeavailableforcharitable
application		6,716,135	2,051,529	8,767,664
Charitableactivities	6	5,233,226	1,920,810	7,154,036
Totalexpenditure		5,975,492	1,920,810	_7,896,302
Netmovementinfunds		1,482,909	130,719	1,613,628
Totalfundsbroughtforward		—6,242,489	_97,332	_6,339,821
Totalfundscarriedforward	17	7,72	22 1	7,953,449

					Restated
				2022	2021
	Unrestricted	Restricted		Total	Total
	£	£		£	£
Non-regulardonations	2,089,711	1,282,819		3,372,530	3,785,155
Regulardonations	3,688,636	843,601		4,532,237	4,367,708
Incometaxrepayments	940,318	197,309		1,137,627	1,138,637
Legacies	323,869		-	323,869	140,447
	7,042,534	2,323,729		9,366,263	9,431,947
MEFROMCHARITABLE	ACTIVITIES
				2022	2021
				£	£
Video				41,000	44,600
Otherservices				48,623	12,596
OneHope				7,446	7,437
				27,069 8___64,633

	Staff		Other	Support	Depreciation		Total	Total
	Costs		Direct	Costs			2022	2021
			Costs
	£		£	£	£		£	£
Costofgeneratingfunds
Fundraisingandpublicitycosts	373,535		406.835	71,042	4,197		855,609	742,266
	—373,535		_406,835	_71,042	_4,197		_855,609 _742,266
Charitableactivities
Broadcasting—UKandEurope:
Radio	1,103,310		1,810,881	99,738	62,235		3,076,164	3,539,687
Video	162,162		112,020	47,077	27,278		348,537	328,412
Publications:
WordforToday	626,073		736,758	123,832	69,244		1,555,907	1,467,948
OneHope	81,647		30,110	11,221	2,098		125,076	130,349
Otherresources	80,934		232,991	13,707	6,295		333,927	311,630
Otherdigitaldelivery(non-broadcasting)	303,431		83,902	64,594	20,983		472,910	430,192
OneHope	30,312		11,717	8,942	2,098		53,069	49,629
Prayerline	214,917		52,414	30,746	8,393		306,470	290,595
Ancillaryexpenditure:OneHope		-	6,146	-		-	6,146	5,814
Charitabledonations		-	382,852	-		-	382,852	314,026
Grantspaid		-	446,696	-		-	446,696	117,540
Globalbroadcastingandpublication	111,721		63,811	14,084	10,492		200,108	168,220
support
Totalcharitableexpenditure	2,714,507		3,970,298	(413,941	209,116		7,307,862	7,154,036
TotalResourcesexpenditure	3,088,042		4,377,133	484983	_213,313		8,163,471	7,896,302

			Operational
			and		Information	Total	Total
			Governance	Finance	Systems	2022	2021
6b.	SUPPORTCOSTS		£	£	£	£	£
Costofgeneratingfunds:
Fundraisingandpublicity			16,903	34,857	19,282	71,042	57,882
Charitable		activities
Broadcasting—UKandEurope:
	Radio		43,280	13,071	43,387	99,738	90,200
	Video		21,694	6,100	19,283	47,077.	=42,875
Publications:
	Word	forToday	52,003	22,657	49,172	123,832	114,613
	One	Hope	5,622	1,743	3,856	11,221	11,342
	Other	resources	6,179	1,743	5,785	13,707	12,528
Otherdigitaldelivery(non-broadcasting)			29,198	2,614	32,782	64,594	56,864
One	Hope		5,271	1,743	1,928	8,942	8,726
Prayerline			20,233	871	9,642	30,746	29,403
Globalbroadcastingandpublicationsupport			4,628	1,743	7,713	14,084	11,685
Total	charitableexpenditure		205,011	_87,142	_192,830	484,983	436,118
Includedintheabovearegovernancecostsof£39,965(2021:				£29,102).
		y
7.		GRANTFUNDINGACTIVITIES
Thefollowinggrantsweremadeduringtheyear:
					2022	2021
					£		£
		UCBDeutschland			174,463	22,533
		MTURaadio7UCBMeedia			55,446	58,681
		UCBSwitzerland			173,049	36,326
		UCBItalia			43,738 “aa696©	_117,540

			2022	2021
			£	£
Netincomingresources	arestatedaftercharging:
Auditor'sremuneration	-	inrespectofaudit	17,545	15,950
Depreciation			189,244	134,531
Amortisation			24,069	36,565
Operatingleasepayments			1,204,947	1,813,989
(Loss)/gainonexchange	rate		(2,480)	1,885

		2022	2021
		No.	No.
Costs	ofgeneratingfunds	10	11
Direct	charitableexpenditure	83	82
		93	__93

	2022	2021
	No.	No.
Costsofgeneratingfunds	11	12
Directcharitableexpenditure	92	90
ggregatepayrollcostsofthesepersonswereasfollows:
	2022	2021
	£	£
Salaries	2,700,183	2,538,571
Socialsecuritycosts	244,830	227,150
Otherpensioncosts	143,029	138,509
	3,088,042	—_2,904,230

			2022	2021
			No.	No.
£60,001	to	£70,000	4	4
£70,001	to	£80,000	1	-
£90,001	to	£100,000	4	1

Theremuneration	(includingemployer	NIandpension
contributions)was:
	2022	2021
	£	£
Seniormanagementteamremuneration	496.779	477,370

	Software
	£
Cost/valuation
At1January2022	740,852
Additions	26,519
At31December2022	767,371
Amortisation
At1January2022	605,602
Chargeforyear	24,069
At31December2022	629,671
Netbookvalue
At31December2022	—137,700
At31December2021	135,250

	Freehold	Plant	Fixtures
	Landand	and	and		Motor	IT
	Buildings	Equipment	Fittings		Vehicles	Equipment	Total
	£	£	£		£	£	£
Costi/valuation
At1January2022	2,978,488	580,696	410,006		26,565	837,017	4,832,772
Additions	-	5,731		-	-	314,207	319,938
Disposals	-	-		-	-	(2,575)	(2,575)
At31December2022	2,978,488	586,427	410,006		26,565	1.148.649	5,150,135
Depreciation
At1January2022	1,163,635	490,766	300,696		26,565	734,162	2,715,824
Chargeforyear	52,420	27,386	12,413		-	97,025	189,244
Disposals	-	-		-	-	(2,575)	(2,575)
At31December2022	_1,216,055	§18,152	313,109		26,565	828,612	2,902,493
Netbookvalue
At31December2022	_1,762,433	68,275	_96,897		:	320,037	2,247,642
At31December2021	1,814,853	89,930	109.310		_ss-	~=__(402.855	2,116,948

	2022		2021
	£		£
Cost	2,486,576	2,486,576
Aggregatedepreciation	(1,042,138)	(997,119)
Netbookvalue	—1,444,438	1,489,	457
Assetsheldunderhirepurchaseagreementareasfollows:
	2022		2021
	£		£
Cost	719,650	537,179
Aggregatedepreciation	(598,307)	(521,603)
Netbookvalue	121,343		15,576

2022	2021
£	£
—__312	___312

DEBTORS:Amountsfallingduewithinoneyear
		Restated
	2022	2021
	£	£
Tradedebtors	71	5,784
Accruedincome	261,221	121,153
Prepayments	319,135	353,355
	——580,427	480,292
CREDITORS:Amountsfallingduewithinoneyear
	2022	2021
	£	£
Hirepurchaseaccount	60,780	10,367
Tradecreditors	228,746	199,568
Taxationandsocialsecurity	79,555	68,917
Othercreditors	212,811	56,091
Accruals	191,763	234,898
	——173,655 _569,841

			2022		2021
			£		£
Obligationsunderhirepurchasecontracts
Betweenoneandtwoyears			60,780		-
			60,780		-
RESERVES
	Restated
	At1	Incoming	Outgoing		At31
	January	Resources	Resources	Transfers	December
	2022				2022
	£	£	£	£	£
MovementinReserves
RestrictedReserves	228,051	2,323,729	(2,148,801)	-	402,979
RevaluationReserve	203,514	-	-	(7,401)	196,113
GeneralReserve	7,521,884	7,220,594	(6,014,670)	7,401	8,735,209
TotalReserves	1,953,449	_9,544,323	(8,163,471)	-	_9,334,301
	At1				At31
	January	Incoming	Outgoing		December
	2022	Resources	Resources.	Transfers	2022
	£	£	£	£	£
RestrictedReserves
FundraisingandPublicity	1,015	-	(1,015)	-	-
UCBAlbania	-	400	(400)	-	-
Broadcastingcosts(Radio)	-	1,864,535	(1,772,185)	-	92,350
WordforToday	-	16,020	(16,020)	-	-
Charitabledonations	5,449	3,404	(5,450)	-	3,403
Prayerline	221,042	439,370	(353,186)	-	307,226
ITAppeal	545	-	(545)	:	:
TotalRestrictedReserves	—448,051	_2,323,729	(2,148,801)	=	402,979

		Restated	Restated			Restated
		At1	Incoming	Outgoing		At 31
		January	Resources	Resources	Transfers	December
		2021				2021
		£	£	£	£	£
MovementinReserves
RestrictedReserves		97,332	2,051,529	(1,920,810)	-	228,051
RevaluationReserve		210,915	-	-	(7,401)	203,514
GeneralReserve		6,031,574	7,458,401	(5,975,492)	7,401	7,521,884
TotalReserves	__	6,339,821	_9,509,930	(7,896,302)	______-	_7,953,449
						At31
		At1January	Incoming	Outgoing		December
		2021	Resources	Resources	Transfers	2021
		£	£	£	£	£
RestrictedReserves
FundraisingandPublicity		-	1,015	-	-	1,015
UCBAlbania		399	300	(699)	-	-
Academy		112	-	(112)	-	-
Broadcastingcosts(Radio)		-	1,540,928	(1,540,928)	-	-
WordforToday		-	9,009	(9,009)	-	-
Charitabledonations		4,019	1,430	-	-	§,449
Prayerline		69,807	498,847	(347,612)	-	221,042
ITAppeal		22,545	-	(22,000)	-	545
Video		450	:	(450)	:	:
TotalRestrictedReserves		97,332	_2,051,529	(1,920,810)	______-	__ 228,051

	2022	2022	2022
	Unrestricted	Restricted	TotalFunds
	Funds	Funds
	£	£	£
Fixedassets	2,385,654	-	2,385,654
Currentassets	7,380,103	402,979	7,783,082
Currentliabilities	(773,655)	-	(773,655)
Non-currentliabilities	(60,780)	:	(60,780)
	—-8,931,322	— 402,979	_9,334,301
	Restated		Restated
	2021	2021	2021
	Unrestricted	Restricted	TotalFunds
	Funds	Funds
	£	£	£
Fixedassets	2,252,510	-	2,252,510
Currentassets	6,042,729	228,051	6,270,780
Currentliabilities	(569,841)	:	(569,841)
	—2,725,398	—428,051	-_1,953,449

		2022	2022	2021	2021
Name	ofgrantee	Grant	Yearend	Grant	Yearend
			creditor		Creditor
		£	£	£	£
UCB	France	-	-	22,533	5,461
UCB	Switzerland	119,424	53,625	36,326	-
UCB	Ireland				-
		719,424	53,625	__sa.a59	9.461

	2022	2021
	£	£
Salary,socialsecurityandotherpensioncostsofStation	§3,628	51,082
ManageremployedbyUCB
Officerentchargedatlessthanmarketvalue	4,186	4,186
	57,814	55,268

		2022	2021
		£	£
Expire	lessthanoneyear	1,117,768	1,184,136
Expire	betweentwoandfiveyears	3,359,154	4,203,141
More	thanfiveyears	540,495	541,676
		5,017,417	9,928,953

		Restated
	2022	2021
	£	£
Netincomefortheyear	1,380,852	1,613,628
Adjustmentsfor: Depreciationcharges Amortisationcharges Interestreceivable (Increase)/decreaseindebtors Increase/(decrease)increditors	189,244 24,069 (80,991) (100,135) 153,401	134,531 36,565 (6,296) 58,892 (21,752)
Netcashprovidedbyoperatingactivities	—1,566,440	1,815,568

			At1January 2022	wen	At31 December 2022
			£	£	£
Cash	at	bankandinhand	5,790,488	1,412,167	7,202,655
Debt	due	withinoneyear	(10,367)	(50,413)	(60,780)
Debt	due	afteroneyear	-	(60,780)	(60,780)
			5,780,121	—1,300,974	—1,081,095

		At1January 2021	gash	At31 December 2021
		£	£	£
Cashat	bankandinhand	4,201,233	1,589,255	5,790,488
Debtdue	withinoneyear	(31,027)	20,660	(10,367)
Debtdue	afteroneyear	(10,342)	10,342	-
		4,159,864	1,620,257	5,780,121

	At‘1January 2021	At31December 2021
	£	£
Reconciliationofreserves
Reservesasstatedpreviously Legacyaccrual—changeinbasis	6,433,652 (93,831)	8,111,573 (158,124)
Reservesasrestated	—6,339,821	1,953,449

	At31December
	2021
	£
Reconciliationof2021surplusfortheperiod
2021surplusasstatedpreviously	1,677,921
Legacyaccrual—changeinbasis	(64,293)
2021surplusasrestated	1,613,628