2023-12-31-accounts

CONTENTS	Page
Trustees’Report	1-17
IndependentAuditor'sReport	18-20
StatementofFinancialActivities
(Includinganincomeandexpenditureaccount)	21
BalanceSheet	22
CashFlowStatement	23
NotestotheFinancialStatements	24-41

		2023	"Ihave	been
		£000	struggling	spiritually
Income			fora numberof
Donations:non-regular		3,528	years,not
Donations:regular		4,616	understandingthat
GiftAidtaxclaimed		1,166	Godcouldreallylove
Legacies		469	me,feeling
Incomefromcharitableactivities . Incomefrominvestments		69 301	completely Receiving ForToday	unworthy. ‘UCBWord -JustFor
			You’hasbeensucha
		10,149	blessingto	me,andis
	—_		helpingmetore-
Expenditure			connectwithGod.
Raisingfunds:			Thank	you"
Fundraising& publicity		854
Charitableactivities:
Broadcasting		3,752
Publications		2,164
Otherdigitaldelivery(non-broadcasting)		550
OneHope		66
KingdomAcademy		154
Prayerline		349
Charitabledonations		348
Grantspaid		191
Globalbroadcastingandpublicationsupport		171
		8,599
Surplusfortheyear		1,550

Ouroverallaimremains	tomaintainan	tomaintainan	appropriatelevelof	appropriatelevelof	appropriatelevelof	reservesbymeansofannualoperating	reservesbymeansofannualoperating	reservesbymeansofannualoperating	reservesbymeansofannualoperating
surpluses, supplemented	by	financial	appeals	from	time	to	time, being	balanced against	an
assessmentofourrisksandcommittingtoexpenditureifopportunitiesarisewhichenableustopursue
ourobjectivesaseffectivelyas		possible.
Summaryofreserves
					2023			“Thelastfewyears
					£000			havebeenthedarkest
Unrestrictedfunds:								ofmylife,afterthe
Generalreserve:undesignated					10,536			lossofa child.Godhas
Revaluationreserve						189		usedUCBtorebuild
Restrictedfunds: . . Broadcastingcosts(Radio)						37		andstrengthenmy faithandI listenwhen Lamatworkordoing
Charitabledonations						38		jobsaroundthehouse.
Prayerline						85		Moreoftenthannot,
								soonafterasking
					10,885			GoogletoplayUCB2,T
								willfeelrightinGod's
								presence.Thankyou
Thelikelytimingoftheexpenditureofrestrictedfundsis					asfollows:			forwhatyoudo.God
								blessyou"

UNITED CHRISTIAN BROADCASTERS LIMITED INDEPENDENT AUDITOR'S REPORT YEAR ENDED 31 DECEMBER 2023

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 might 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 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 accordance 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 report 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: 23 July 2024

20

	Note	2023	2023		2023	2022
		£	£		£	£
		Unrestricted	Restricted		Total	Total
INCOMEFROM
Activitiestogeneratefunds:
Donationsandlegacies	4	7,287,645	2,491,250		9,778,895	9,366,263
Investments		300,789	-		300,789	80,991
Charitableactivities	5	69,411	-		69,411	97,069
Totalincome		7,657,845	2,491,250		10,149,095	9,544,323
EXPENDITUREON
Raisingfunds	6	854,375		-	854,375	855,609
Netincomeavailiablefor
charitableapplication		6,803,470	2,491,250		9,294,720	8,688,714
	6
Charitableactivities		5,009,949	2,734,317		7,744,266	7,307,862
Totalexpenditure		5,864,324	2,734,317		8,598,641	8,163,471
Netmovementinfunds		1,793,521	(243,067)		1,550,454	1,380,852
Totalfundsbroughtforward	16	8,931,322	402,979		9,334,301	7,953,449
Totalfundscarriedforward	16	10,724,843	159,912		10,884,755	9,334,301

		2023	2023		2022	2022
	Note	£	£		£	£
FixedAssets
intangibleassets	10		176,963			137,700
Tangibleassets	11		2,401,699			2,247,642
Investments	12		312			312
			2,578,974			2,385,654
CurrentAssets
Debtors:amountsfallingduewithin
oneyear	13	482,280			580,427
Cashatbankandinhand		8,647,467			7,202,655
		9,129,747			7,783,082
Creditors:amountsfallingdue
withinoneyear	14	(823,966)			(773,655)
NetCurrentAssets			8,305,781	—		_7,009,427
TotalAssetslessCurrent			10,884,755			9,395,081
Liabilities
Creditors:amountsfallingdueafter
morethanoneyear	15			-		(60,780)
NetAssets			_10,884,755			9,334,301
Fundsofthecharity
Unrestrictedfunds:
Generalreserve	16		10,536,131			8,735,209
Revaluationreserve	16		188,712			196,113
Restrictedfunds	16		159,912			402,979
			10,884,755			9,334,301

	Note	2023 £	2023 £	2022 £
Netcashprovidedbyoperatingactivities	22	1,658,683		1,566,440
Cashflowsfrominvestingactivities Interestreceived		300,789		80,991
Purchaseofproperty,plant,equipmentandsoftware		(453,880)		(346,457)
Netcashusedininvestingactivities		(153,091)		(265,466)
Cashflowsfromfinancingactivities: Paymentsunderhirepurchaseagreements Newhirepurchaseagreements		(60,780)	.	(71,278) 182,471
Netcashusedinfinancingactivities		(60,780)		111,193
Changeincashandcashequivalentsinthereporting period		1,444,812		1,412,167
Cashandcashequivalentsatthebeginningofthe reportingperiod		7,202,655		5,790,488
Cashandcashequivalentsattheendofthereporting period		8,647,467		7,202,655

	Note	2022	2022	2022
		£	£	£
		Unrestricted	Restricted	Total
INCOMEFROM
Activitiestogeneratefunds:
Donationsandlegacies	4	7,042,534	2,323,729	9,366,263
Governmentgrantincome		-	-		-
investments		80,991	-	80,991
Charitableactivities	5	97,069	-	97,069
Totalincome		7,220,594	2,323,729	9,544,323
EXPENDITUREON
Raisingfunds	6	855,609	;	855,609
Netincomeavailableforcharitable
application		6,364,985	2,323,729	8,688,714
Charitableactivities	6	5,159,061	2,148,801	7,307,862
Totalexpenditure		6,014,670	2,148,801	8,163,471
Netmovementinfunds		1,205,924	174,928	1,380,852
Totalfundsbroughtforward		7,725,398	228,051	7,953,449
Totalfundscarriedforward	17	8,931,322	402,979	9,334,301

				2023	2022
	Unrestricted	Restricted		Total	Total
				£	£
Non-regulardonations	2,265,247	1,262,917		3,528,164	3,372,530
Regulardonations	3,728,020	887,313		4,615,333	4,532,237
incometaxrepayments	825,034	341,020		1,166,054	1,137,627
Legacies	469,344		-	469,344	323,869
	7,287,645	2,491,250		9,778,895	9,366,263
MEFROMCHARITABLE	ACTIVITIES
				2023	2022
				£	£
Video				38,000	41,000
Otherservices				2,134	48,623
OneHope				13,167	7,446
KingdomAcademy				16,110	-
				69,411	97,069

6a. ANALYSISOFTOTALEXPENDITURE	6a. ANALYSISOFTOTALEXPENDITURE
	Staff	Other	Support		Depreciation	Total	Total
	Costs	Direct	Costs			2023	2022
		Costs
	£	£	£		£	£	£
Costofgeneratingfunds
Fundraisingandpublicitycosts	390,434	374,242	84,557		§,142	854,375	855,609
	390,434	374,242	84,557		5,142	854,375	59,6
Charitableactivities
Broadcasting— UKandEurope:
Radio	1,242,643	1,959,220	105,964		72,895	3,380,722	3,076,164
Video	185,861	98,552	52,437		33,421	370,271	348,537
Publications:
WordforToday	663,867	791,553	129,882		82,260	1,667,562	7,555,907
OneHope	86,252	24,851	12,735		2,571	126,409	125,076
Otherresources	87,607	258,792	15,044		7,713	369,156	333,927
Otherdigitaldelivery(nonbroadcasting)	346,730	106,509	71,449		25,708	550,396	472,910
KingdomAcademy	78,968	60,214	9,938		5,142	154,262	-
OneHope	34,616	16,129	10,236		2,571	63,552	53,069
Prayerline	237,022	66,846	34,997		10,283	349,148	306,470
Ancillaryexpenditure:OneHope	-	2,549		-	-	2,549	6,146
Charitabledonations	-	348,058		-	-	348,058	382,852
Grantspaid	-	191,488		-	-	191,488	446,696
Globalbroadcastingandpublication	69,543	72,493	15,803		12,854	170,693	200,108
support
Totalcharitableexpenditure	3,033,109	3,997,254	458,485		255.418	7,744,266	—_7,307,862
TotalResourcesexpenditure	3,423,543	4,371,496	543,042		260,560	8,598,641	—8163.471

	Operational
	and		Information	Total	Total
	Governance	Finance	Systems	2023	2022
6b. SUPPORTCOSTS	£	£	£	£	£
Costofgeneratingfunds:
Fundraisingandpublicity	28,719	36,674	19,164	84,557	71,042
Charitableactivities
Broadcasting— UKandEurope:
Radio	51,009	13,753	41,202	105,964	99,738
Video	26,855	6,418	19,164	§2,437	47,077
Publications:
WordforToday	60,010	22,924	46,951	129,882	123,832
OneHope	7,068	1,834	3,833	12,735	11,221
Otherresources	7,461	1,834	5,749	15,044	13,707
Otherdigitaldelivery(non-broadcasting)	36,120	2,751	32,578	71,449	64,594
KingdomAcademy	5,188	917	3,833	9,938	-
OneHope	6,486	1,834	1,916	10,236	8,942
Prayerline	24,498	917	9,582	34,997	30,746
Globalbroadcastingandpublicationsupport	6,304	1,834	7,665	15,803	14,084
Totalcharitableexpenditure	259,718	91,687	191,637	543,042	484,983

	2023	2022
	£	£
UCBDeutschland	56,383	174,463
MTURaadio7 UCBMeedia	53,339	55,446
UCBSwitzerland	64,417	173,049
UCBItalia	17,349	43,738
	191,488	446,696

			2023	2022
			£	£
Netincomingresources	arestatedaftercharging:
Auditor'sremuneration	-	inrespectofaudit	18,600	17,545
Depreciation			252,513	189,244
Amortisation			8,047	24,069
Operatingleasepayments			1,177,912	1,204,947
(Loss)/gainonexchange	rate		(3,499)	(2,480)

Theaveragefull-timeequivalentnumberofpersonsemployed	bythecharitable	company
duringtheyearwasasfollows:
	2023	2022
	No.	No.
Costsofgeneratingfunds	10	10
Directcharitableexpenditure	87	83
	97	93

		2023	2022
		No.	No.
Costs	ofgeneratingfunds	11	11
Direct	charitableexpenditure	101	92
		112	103

gregatepayrollcostsofthesepersonswere	asfollows:
	2023		2022
	£		£
Salaries	2,995,707	2,700,	183
Socialsecuritycosts	269,600	244,	830
Otherpensioncosts	158,236	143,029
	3,423,543	3,088,042

			2023	2022
			No.	No.
£60,001	to	£70,000	4
£70,001	to	£80,000	2	1
£90,001	to	£100,000	1

tributions)was:
	2023	2022
	£	£
Seniormanagementteamremuneration	600,970	496,779

	Software
	£
Cost/valuation
At1 January2023	767,371
Additions	47,310
At31December2023	814,681
Amortisation
At1 January2023	629,671
Chargeforyear	8,047
At 31December2023	637,718
Netbookvalue
At31December2023	176,963
At31December2022	137,700

	Freehold	Plant	Fixtures
	Landand	and	and		Motor	IT
	Buildings	Equipment	Fittings		Vehicles	Equipment	Total
	£	£	£		£	£	£
Cost/valuation
At1 January2023	2,978,488	586,427	410,006		26,565	1,148,649	5,150,135
Additions	-	41,924	170,538		-	194,108	406,570
Disposals	-	:		-	-	-		-
At31December2023	2,978,488	628,351	580,544		26,565	1,342,757	5,556,705
Depreciation
At1 January2023	1,216,055	518,152	313,109		26,565	828,612	2,902,493
Chargeforyear	52,422	31,373	18,166		-	150,552	252,513
Disposals	-	:		:	-	-		-
At31December2023	1,268,477	549,525	331,275		26,565	979.164	3,155,006
Netbookvalue At31December2023	4,710,011	_78,826	_249,269		_____—-«=__363,593		2,401,699
At31December2022,	_1,762,433	___68,275	_96,897		=	320,037	2,247,642

	2023	2022
	£	£
Cost	2,486,576	2,486,576
Aggregatedepreciation	(1,087,159)	(1,042,138)
Netbookvalue	1,399,417	1,444,438
Assetsheldunderhirepurchaseagreementareasfollows:
	2023	2022
	£	£
Cost	719,650	719,650
Aggregatedepreciation	(643,925)	(598,307)
Netbookvalue	75,725	121,343

		2023	2022
		£	£
Sharesin	groupcompanies	312	312

		2023	2022
		£	£
	Tradedebtors	6,402	71
	Accruedincome	160,018	261,221
	Prepayments	315,860	319,135
		482,280	580,427
14.	CREDITORS:Amountsfallingduewithinoneyear
		2023	2022
		£	£
	Hirepurchaseaccount	60,780	60,780
	Tradecreditors	320,834	228,746
	Taxationandsocialsecurity	90,564	79,555
	Othercreditors	182,940	212,811
	Accruals	168,848	191,763
		823,966	773,655

					2023	2022
					£	£
	Obligationsunderhirepurchasecontracts
	Betweenoneandtwoyears				-	60,780
					-	60,780
16.	RESERVES
		Restated
		At1	Incoming	Outgoing		At31
		January	Resources	Resources	Transfers	December
		2023				2023
		£	£	£	£	£
	MovementinReserves
	RestrictedReserves	402,979	2,491,250	(2,734,317)	-	159,912
	RevaluationReserve	196,113	-	-	(7,401)	188,712
	GeneralReserve	8,735,209	7,657,845	(5,864,324)	7,401	10,536,131
	TotalReserves	9,334,301	10,149,095	(8,598,641)	=	10,884,755
		At1				At31
		January	Incoming	Outgoing		December
		2023	Resources	Resources	Transfers	2023
		£	£	£	£	£
	RestrictedReserves
	YouthApp	-	8,813	(8,813)	-	-
	Broadcastingcosts(Radio)	92,350	2,257,653	(2,313,111)	-	36,892
	WordforToday	-	18,234	(18,234)	-	-
	Charitabledonations	3,403	36,050	(1,888)	-	37,565
	Prayerline	307,226	170,500	(392,271)	-	85,455
	TotalRestrictedReserves	—402,979	2,491,250	(2,734,317)	:	159,912

16.	RESERVES(CONTINUED)
		Restated	Restated
		At1	Incoming	Outgoing		At37
		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	£953,449	_9,544,323	(8,163,471)	____-	_9,334,301
						At31
		At1 January	Incoming	Outgoing		December
		2022	Resources	Resources	Transfers	2022
		£	£	£	£	£
	RestrictedReserves
	FundraisingandPublicity	7,015	-	(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	—228,051	_2,323,729	(2,148,801)	-	402,979

	2023	2023	2023
	Unrestricted	Restricted	TotalFunds
	Funds	Funds
	£	£	£
Fixedassets	2,578,974	-	2,578,974
Currentassets	8,969,835	159,912	9,129,747
Currentliabilities	(823,966)	-	(823,966)
	10,724,843	159,912	10,884,755
	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

CBIrelandalsoreceivedthefollowingfinancialsupport:
	2023	2022
	£	£
Salary,socialsecurityandotherpensioncostsofStationManager	4,483	53,628
employedbyUCB
Officerentchargedatlessthanmarketvalue	4,186	4,186
	8,669	57,814

		2023	2022
		£	£
Expire	lessthanoneyear	1,248,827	1,117,768
Expire	betweentwoandfiveyears	3,776,834	3,359,154
More	thanfiveyears	503,954	540,495
		5,529,615	5,017,417

	2023	2022
	£	£
Netincomefortheyear	1,550,454	1,380,852
Adjustmentsfor:
Depreciationcharges	252,513	189,244
Amortisationcharges	8,047	24,069
Interestreceived	(300,789)	(80,991)
(Increase)/decreaseindebtors	98,147	(100,135)
Increase/(decrease)increditors	50,311	153,401
Netcashprovidedbyoperatingactivities	1,658,683	1,566,440

		January	wee	December
		2023		2023
		£	£	£
Cash	atbankandinhand	7,202,655	1,444,812	8,647,467
Debt	duewithinoneyear	(60,780)	-	(60,780)
Debt	dueafteroneyear	(60,780)	60,780	-
		7,081,095	1,505,592	8,586,687
The	debtduewithinoneyearand	afteroneyearrelatestohirepurchasefinance		agreements.
		At1		At31
		January	aoe	December
		2022		2022
		£	£	£
Cash	atbankandinhand	5,790,488	1,412,167	7,202,655
Debt	duewithinoneyear	(10,367)	(50,413)	(60,780)
Debt	dueafteroneyear	-	(60,780)	(60,780)
		5,780,121	1,300,974	7,081,095