2021-12-31-accounts - Our Daily Bread Ministries Trust

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			Page
Reference and Administrative	Details
Report ofthe Trustees		2	to	6
Report ofthe Independent Auditors		7	to	9
Statement ofFinancial Activities			10
Balance Sheet
Cash Flow Statement			12
Notes to the Financial Statements		13	to	20
Detailed Statement ofFinancial	Activities	21	to	22

Trustees			MrRW DeHaan (resigned	MrRW DeHaan (resigned	20/12/2021)
			Mr A Plowman
			Mr PBaxendale
			Mr DMills
			Mr M Brobaker (appointed		20/12/2021)
Principal	address		Unit 5
			Shoreline Business Park
			Sandside
			MILNTHORPE
			LA7 7BF
Registered	charity	number	327384
Auditors			Xeinadin Audit Limited
			Chartered Accountants	and	Registered Auditors
			Dalton House
			9Dalton Square
			LANCASTER
			LA1 1WD
Bankers			National Westminster	Bank	Pic
			35Bishopgate
			LONDON
			EC2M 3UR

					2021	2020
			Unrestricted	Restricted	Total	Total
		Notes	fund	fund f	funds	fundsf
Income and endowments	from
Donations and legacies		2	1,831,276		1,831,276	1,704,160
Charitable activities
Christian literature			287,959		287,959	236,458
International ministry			15,820		15,820	17,557
Investment income			71		71	112
Other income			77,820		77,820	311,073
Total			2,212,946		2,212,946	2,269,360
Expenditure on
Charitable activities
Christian literature			343,722		343,722	309,787
International ministry			448,686		448,686	414,511
Biblical literature			1,032,273		1,032,273	1,212,761
Total			1,824,681		1,824,681	1,937,059
NET INCOME			388,265		388,265	332,301
Reconciliation offunds
Total funds brought forward			1,341,960		1,341,960	1,009,659
Total funds carried forward			1,730,225		1,730,225	1,341,960

			2021	2020
		Notes
Ftxed assets
Tangible assets		12	666,973	783,968
Current assets
Stocks		13	89,917	78,574
Debtors		14	83,033	94,158
Cash atbank	and in hand		973,748	504,980
			1,146,698	677,712
Creditors
Amounts falling due within one year		15	(83,446)	(119,720)
Net current	assets		1,063,252	557,992
Total assets	less current liabilities		1,730,225	1,341,960
NET ASSETS			1,730,225	1,341,960
Funds		17
Unrestricted	funds		1,730,225	1,341,960
Total funds			1,730,225	1,341,960

			2021	2020
		Notes		8
Cash flows from operating	activities
Cash generated &om operations		20	195,121	326,291
Net cash provided by operating activities			195,121	326,291
Cash flows from investing	activities
Purchase oftangible fixed assets			(17,487)	(8,139)
Sale oftangible fixed assets			291,063
Interest received			71	112
Net cash provided by/(used	in) investing	activities	273,647	(8,027)
Change in cash and cash equivalents		in
the reporting period			468,768	318,264
Cash and cash equivalents	at the
beginning ofthe reporting	period		504,980	186,716
Cash and cash equivalents	at the end	of
the reporting period			973,748	504,980

Donations		and legacies
						2021	2020
							0
Donations						1,615,893	1,438,380
Gift aid						123,622	115,764
Legacies						91,761	150,016
						1,831,276	1,704,160
Investment		income
						2021	2020
Deposit account interest						71	112
Income from charitable			activities
						2021	2020
			Activity
Christian	literature		Christian	literature		287,959	236,458
International		support	International		ministry	15,820	17,557
						303,779	254,015

						2021	2020
Income	kom Our Daily Bread Ministries		(USA)				193,550
Information		systems staff support				75,015	91,316
Job retention		scheme				2,805	26,207
						77,820	311,073
Charitable		activities costs
						Support
					Direct	costs (see
					Costs	note 7)	Totals
Christian	literature				361,941	(18,219)	343,722
International		ministry			442,442	6,244	448,686
Biblical	literature				1,060,540	(28,267)	1,032,273
					1,864,923	(40,242)	1,824,681
Support	costs
						Governance
				Finance	Other	costs	Totals
					f
Christian	literature			5,983	(23,718)	(484)	(18,219)
International		ministry			6,728	(484)	6,244
Biblical	literature			13,824	(51,829)	9,738	(28,267)
				19,807	(68,819)	8,770	(40,242)

		2021f	2020
Wages	and salaries	640,823	595,930
Social	security costs	46,743	46,004
Other	pension costs	27,532	23,431
		715,098	665,365

			Unrestricted	Restricted	Total
			fund	fund	funds
Income and endowments		from
Donations and legacies			1,704,160		1,704,160
Charitable activities
Christian literature			236,458		236,458
International ministry			17,557		17,557
Investment income			112		112
Other income			311,073		311,073
Total			2,269,360		2,269,360
Expenditure on
Charitable activities
Christian literature			309,787		309,787
International ministry			414,511		414,511
Biblical literature			1,212,761		1,212,761
Total			1,937,059		1,937,059
NET INCOME			332,301		332,301
ReconciTiation offunds
Total funds brought	forward		1,009,659		1,009,659
Total funds carried	forward		1,341,960		1,341,960

					Fixtures
				Long	and
				leasehold	fittings	Totals
	Cost
	At 1 January	2021		1,106,234	279,217	1,385,451
	Additions				17,487	17,487
	Disposals			(303,500)	(43,638)	(347,138)
	At 31December 2021			802,734	253,066	1,055,800
	Depreciation
	At 1January	2021		373,112	228,371	601,483
	Charge for year			23,989	19,679	43,668
	Eliaunated on disposal			(215,991)	(40,333)	(256,324)
	At 31December 2021			181,110	207,717	388,827
	Net book value
	At 31December 2021			621,624	45,349	666,973
	At 31December 2020			733,122	50,846	783,968
13.	Stocks
					2021	2020
	Stocks				89,917	78,574
14.	Debtors: amounts		falling due within one year
					2021	2020
	Trade debtors				396	2,156
	Other debtors				47,667	51,622
	Prepayments	and accrued income			34,970	40,380
					83,033	94,158

15.	Creditors: am	ounts falling due	within one year
					2021	2020
					f	f
	Trade creditors				33,271	33,799
	Social security	and other taxes			12,919	13,722
	VAT				6,105	4,280
	Other creditors				18,881	27,755
	Accrued expenses				12,270	40,164
					83,446	119,720
16.	Analysis ofnet assets between		funds
					2021	2020
			Unrestricted	Restricted	Total	Total
			fundf	fundf	funds f	funds
	Fixed assets		666,973		666,973	783,968
	Current assets		1,146,698		1,146,698	677,712
	Current liabilities		(83,446)		(83,446)	(119,720)
			1,730,225		1,730,225	1,341,960
17.	Movement in	funds
					Net
					movement	At
				At I/I/21	in funds	31/12/21
						f
	Unrestricted funds
	General fund			1,341,960	388,265	1,730,225
	TOTAL FUNDS			1,341,960	388,265	1,730,225
	Net tnovetnent	in funds, included	in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
	Unrestricted funds
	General fund			2,212,946	(1,824,681)	388,265
	TOTAL FUNDS			2,212,946	(1,824,681)	388,265

				Net
				movement	At
			At 1/1/20	in funds	31/12/20
				f
Unrestricted	funds
General fund			1,009,659	332,301	1,341,960
TOTAL FUNDS			1,009,659	332,301	1,341,960
Comparadve	net movement	in funds, included	in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted	funds
General fund			2,269,360	(1,937,059)	332,301
TOTAL FUNDS			2,269,360	(1,937,059)	332,301

				Net
				movement	At
			At 1/1/20	in funds	31/12/21
Unrestricted		funds
General	fund		1,009,659	720,566	1,730,225
TOTAL	FUNDS		1,009,659	720,566	1,730,225

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted	funds
General fund		4,482,306	(3,761,740)	720,566
TOTAL FUNDS		4,482,306	(3,761,740)	720,566

Reconcfliation ofnet income	Reconcfliation ofnet income	to net cash flow from operating	activities
				2021	2020
					8
Net income for the	reporting	period (as per the Statement of	Financial
Activities)				388,265	332,301
Adjustments for:
Depreciation charges				43,668	52,723
Profit on disposal offixed assets				(200,249)
Interest received				(71)	(112)
Increase in stocks				(11,343)	(24,008)
Decrease/(increase)	in debtors			11,125	(23,424)
Decrease in creditors				(36,274)	(11,189)
Net cash provided by operations				195,121	326,291

		2021	2020
Income and endowments
Donations and legacies
Donations		1,615,893	1,438,380
Gift aid		123,622	115,764
Legacies		91,761	150,016
		1,831,276	1,704,160
Investment income
Deposit account interest		71	112
Charitable activities
International support		15,820	17,557
Christian literature		287,959	236,458
		303,779	254,015
Other income
Income &om Our Daily Bread Ministries (USA)			193,550
Information systems staff support		75,015	91,316
Job retention scheme		2,805	26,207
		77,820	311,073
Total incoming resources		2,212,946	2,269,360
Expenditure
Charitable activities
Wages		634,266	595,930
Social security		46,743	46,004
Pensions		27,532	23,431
Purchase ofliterature	for distribution	265,150	355,380
Purchase ofbooks, CDs, DVDs and calendars		188,639	130,445
VAT on overheads			44
VAT paid on building		676	2,371
Bible conference and	presentations	13,536	16,542
Freight and carriage		335,922	284,445
Subcontracted mailing	services	21,185	19,809
International ministry	expenses	322,835	301,961
Private health insurance		1,881	1,323
Stafi' training		6,558	4,308
		1,864,923	1,781,993

		2021	2020
Support costs
Finance
Bank charges		19,807	15,384
Other
Rates and water		10,521	9,972
Insurance		5,356	3,962
Light and heat		6,668	6,683
Telephone		5,147	5,266
Stationery and photocopying		9,405	6,724
Sundries		10,270	6,758
Maintenance		17,989	16,330
Coraputer maintenance		11,993	11,107
Travel and subsistence		5,375	6,894
Foreign currency (gains)/losses		5,040	5,358
Depreciation oflong leasehold property		23,988	30,057
Depreciation offixtures	and fittings	19,678	22,666
(Profit)/loss on sale oftangible fixed assets		(200,249)
		(68,819)	131,777
Governance costs
Audit fees		6,778	6,559
Legal and professional	fees	1,992	1,346
		8,770	7,905
Total resources expended		1,824,681	1,937,059
Net income		388,265	332,301