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||||Page||
|---|---|---|---|---|
|Reference and Administrative|Details||||
|Report ofthe Trustees||2|to|6|
|Report ofthe Independent<br>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<br>Accountants|and|Registered Auditors|
||||Dalton House|||
||||9Dalton Square|||
||||LANCASTER|||
||||LA1 1WD|||
|Bankers|||National<br>Westminster|Bank|Pic|
||||35Bishopgate|||
||||LONDON|||
||||EC2M 3UR|||





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||||||2021|2020|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
|||Notes|fund|fund<br>f|funds|fundsf|
|Income and endowments|from||||||
|Donations<br>and legacies||2|1,831,276||1,831,276|1,704,160|
|Charitable<br>activities|||||||
|Christian<br>literature|||287,959||287,959|236,458|
|International<br>ministry|||15,820||15,820|17,557|
|Investment<br>income|||71||71|112|
|Other income|||77,820||77,820|311,073|
|Total|||2,212,946||2,212,946|2,269,360|
|Expenditure<br>on|||||||
|Charitable<br>activities|||||||
|Christian<br>literature|||343,722||343,722|309,787|
|International<br>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|





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||||2021|2020|
|---|---|---|---|---|
|||Notes|||
|Ftxed assets|||||
|Tangible assets||12|666,973|783,968|
|Current<br>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<br>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|





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





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|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|





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|||||||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)|



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|||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<br>and legacies|||1,704,160||1,704,160|
|Charitable<br>activities||||||
|Christian<br>literature|||236,458||236,458|
|International<br>ministry|||17,557||17,557|
|Investment<br>income|||112||112|
|Other income|||311,073||311,073|
|Total|||2,269,360||2,269,360|
|Expenditure<br>on||||||
|Charitable<br>activities||||||
|Christian<br>literature|||309,787||309,787|
|International<br>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|





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||||||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<br>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|





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|15.|Creditors: am|ounts<br>falling due|within<br>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<br>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<br>in|funds|||||
||||||Net||
||||||movement|At|
|||||At I/I/21|in funds|31/12/21|
|||||||f|
||Unrestricted<br>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<br>funds||||||
||General fund|||2,212,946|(1,824,681)|388,265|
||TOTAL FUNDS|||2,212,946|(1,824,681)|388,265|





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|||||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|





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|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<br>for:||||||
|Depreciation<br>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<br>by operations||||195,121|326,291|



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|||2021|2020|
|---|---|---|---|
|Income and endowments||||
|Donations<br>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<br>income||||
|Deposit account interest||71|112|
|Charitable<br>activities||||
|International<br>support||15,820|17,557|
|Christian<br>literature||287,959|236,458|
|||303,779|254,015|
|Other income||||
|Income &om Our Daily Bread Ministries (USA)|||193,550|
|Information<br>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<br>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<br>mailing|services|21,185|19,809|
|International<br>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|





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|||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<br>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<br>on sale oftangible fixed assets||(200,249)||
|||(68,819)|131,777|
|Governance<br>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|