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|CONTENTS|Page|
|---|---|
|Trustees’Report|1-16|
|IndependentAuditor'sReport|17-19|
|StatementofFinancialActivities||
|(Includinganincomeandexpenditureaccount)|20|
|BalanceSheet|21|
|CashFlowStatement|22|
|NotestotheFinancialStatements|23-41|
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|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|
ofGod'sWord,throughmassmedia
2)TodevelopaStrongEuropeanNetworkwhichincludes
AssociatedOrganisations(whoarealreadyestablishedbut
notbrandedUCB)withthesamevisionandobjectives.|forthesepeoplewith
compassion,wisdomandjoy.
Sometimesthedaysarelong
1
andhard,butIm
strengthenedbytuninginand
knowingI'mnotalone.Bless
youas.yousupportus.Youare
doingawonderfuljob"
|
##
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##
||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||
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**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.**
**18**
**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**
**19**
##
||||||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|oftheseniormanagementteam|(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|