| Page | ||||
|---|---|---|---|---|
| Reference and Administrative | Details | |||
| Report ofthe Trustees | 2 | to | 5 | |
| Report ofthe Independent Auditors |
6 | to | 8 | |
| Statement ofFinancial Activities | ||||
| Balance Sheet | 10 | |||
| Cash Flow Statement | ||||
| Notes to the Financial Statements | 12 | to | 20 | |
| Detailed Statement ofFinancial | Activities | 21 | to | 22 |
| Trustees | Mr A Plowman | |||
|---|---|---|---|---|
| Mr PBaxendale | ||||
| Mr DMills | ||||
| Mr M Brubaker (resigned 2/11/2022) | ||||
| Principal | address | Unit 5 | ||
| Shoreline Business Park | ||||
| Sandside | ||||
| MILNTHORPE | ||||
| LA7 7BF | ||||
| Registered | charity | number | 327384 | |
| Auditors | Xeinadin Audit Limited |
|||
| Accountants and Statutory Auditors |
||||
| Dalton House | ||||
| 9Dalton Square | ||||
| LANCASTER | ||||
| LA1 1WD | ||||
| Bankers | National Westminster |
Bank Pic | ||
| 35 Bishopgate | ||||
| LONDON | ||||
| EC2M 3UR |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| fund | funds | funds | funds | ||||
| Notes | K | ||||||
| Income and endowments | from | ||||||
| Donations and legacies |
2 | 1,832,155 | 47,878 | 1,880,033 | 1,831,276 | ||
| Charitable activities |
4 | ||||||
| Christian literature |
237,616 | 237,616 | 287,959 | ||||
| International ministry |
15,820 | ||||||
| Investment income |
3 | 2,037 | 2,037 | 71 | |||
| Other income | 5 | 49,593 | 49,593 | 278,069 | |||
| Total | 2 121401 | 47878 | 2 169279 | 2413 195 | |||
| Expenditure on |
|||||||
| Charitable activities |
6 | ||||||
| Christian literature |
333,475 | 333,475 | 343,722 | ||||
| International ministry |
362,154 | 38,001 | 400,155 | 448,686 | |||
| Biblical literature | I 361 131 | 500 | I 361 631 | I 232,522 | |||
| Total | 2 056 760 | 38501 | 2095261 | 2024 930 | |||
| NET INCOME | 64,641 | 9,377 | 74,018 | 388,265 | |||
| Reconciliation offuads |
|||||||
| Total funds brought | forward | 1,730,225 | 1,730,225 | 1,341,960 | |||
| Total funds carried | forward | 1,794,866 | 9,377 | 1,804 243 | 1,730225 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | g | ||||
| Fixed assets | |||||
| Tangible assets | 12 | 639,671 | 666,975 | ||
| Current assets |
|||||
| Stocks | 13 | 72,779 | 89,917 | ||
| Debtors | 14 | 123,916 | 83,033 | ||
| Cash at bank | and in hand | ~1,070437 | ~973748 | ||
| 1,267,132 | 1,146,698 | ||||
| Creditors | |||||
| Amounts falling due within |
one year | 15 | (102,560) | (83,448) | |
| Net current | assets | ~1164,572 | 1,063,250 | ||
| Total assets | less current liabilities | 1,804,243 | 1,730,225 | ||
| NET ASSETS | ~1804243 | 1 730225 | |||
| Funds | 17 | ||||
| Unrestricted funds Restricted funds |
1,794,866 ~9377 |
1,730,225 | |||
| Total funds | ~1804243 | 1730225 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Notes | ||||
| Cash flows from operating | activities | |||
| Cash generated fiom operations |
20 | ~106111 | 195 121 | |
| Net cash provided by operating activities |
106,111 | 195 121 | ||
| Cash flows from investing | activities | |||
| Purchase oftangible fixed assets | (11,459) | (17,487) | ||
| Sale oftangible fixed assets |
291,063 | |||
| Interest received | 2,037 | 71 | ||
| Net cash (used in)/provided | by investing | activities | ~9422) | ~273 647 |
| Change in cash and cash equivalents | in | |||
| the reporting period |
96,689 | 468,768 | ||
| Cash and cash equivalents | at the | |||
| beginning ofthe reporting |
period | 973748 | ~504980 | |
| Cash and cash equivalents | at the end | of | ||
| the reporting period |
~1070437 | ~973748 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Donations | 1,450,633 | 1,615,893 | ||||||
| Gifi aid | 119,132 | 123,622 | ||||||
| Legacies | 310268 | 91,761 | ||||||
| 1,880,033 | 1,831,276 | |||||||
| 3. | Investment | income | ||||||
| 2022 | 2021 | |||||||
| Deposit account interest | 2,037 | 71 | ||||||
| 4. | Income from charitable | activities | ||||||
| 2022 | 2021 | |||||||
| Activity | ||||||||
| Christian | literature | Christian | literature | 237,616 | 287,959 | |||
| International | support | International | ministry | ~15820 | ||||
| 237,616 | 303,779 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Gain on | sale | oftangible fixed assets | 200,249 | |||
| Information | systems staff support | 49,593 | 75,015 | |||
| Job retention | scheme | 2,805 | ||||
| 49,593 | 278,069 | |||||
| Charitable | activities costs | |||||
| Support | ||||||
| Direct | costs (see | |||||
| Costs | note 7J | Totals | ||||
| Christian | literatwe | 298,047 | 35,428 | 333,475 | ||
| International | ministry | 399,948 | 207 | 400,155 | ||
| Biblical | literature | 1,203,972 | 157,659 | ~1361631 | ||
| 1 901967 | ~193294 | ~2095 261 | ||||
| Support | costs | |||||
| Governance | ||||||
| Finance | Other | costs | Totals | |||
| 8 | 8 | 8 | ||||
| Christian | literature | 4,162 | 30,262 | 1,004 | 35,428 | |
| International | minisny | (1,050) | 1,257 | 207 | ||
| Biblical | literature | 12,938 | ~140009 | 4,712 | 157,659 | |
| ~17 100 | ~169221 | 6,973 | 193,294 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| 8 | 8 | |||
| Wages | and salaries | 673,257 | 640,823 | |
| Social | security costs | 51,662 | 46,743 | |
| Other | pension costs | 28 | 496 | 27,532 |
| 783 | 8t | 738 998 |
| Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|
| fund | funds | funds | |||
| 8 | |||||
| Income and eadowments | from | ||||
| Donations and legacies |
1,831,276 | 1,831,276 | |||
| Charitable activities |
|||||
| Christian literature |
287,959 | 287,959 | |||
| International min istry |
15,820 | 15,820 | |||
| Investment income |
71 | 71 | |||
| Other income | ~278 069 | 278,069 | |||
| Total | 2,413,195 | ~24(3 195 | |||
| Expenditure on |
|||||
| Charitable activities |
|||||
| Christian literature |
343,721 | 343,722 | |||
| International ministry |
448,686 | 448,686 | |||
| Biblical literature | ~1232522 | ~1232,522 | |||
| Total | 2024929 | ~2024 930 | |||
| NET INCOME | 388,266 | 388,265 | |||
| Reconciliation offunds |
|||||
| Total funds brought | forward | 1,341,960 | 1,341,960 | ||
| Total funds carried | forward | I 730226 | - | 1 730225 |
| 12. | Tangible fixe | d ass | ets | |||
|---|---|---|---|---|---|---|
| Fixtures | ||||||
| Long | anil | |||||
| leasehold | fittings | Totals | ||||
| 8 | ||||||
| Cost | ||||||
| At 1January | 2022 | 802,734 | 253,066 | 1,055,800 | ||
| Additions | 11,459 | 11,459 | ||||
| At 31December 2022 | ~802 734 | 264,525 | 1,067,259 | |||
| Depreciation | ||||||
| At 1January | 2022 | 181,109 | 207,716 | 388,825 | ||
| Charge for year | ~23 989 | 14,774 | 38,763 | |||
| At 31December 2022 | 205,098 | 222,490 | 427,588 | |||
| Net book value | ||||||
| At 31December 2022 | 597,636 | ~42 035 | 639,671 | |||
| At 31December 2021 | 621,625 | ~45 350 | 666,975 | |||
| 13. | Stocks | |||||
| 2022 | 2021 | |||||
| Stocks | 72 779 | 89,917 | ||||
| 14. | Debtors: amounts | falling due within one year | ||||
| 2022 | 2021 | |||||
| Trade debtors | 566 | 396 | ||||
| Other debtors | 89,590 | 47,667 | ||||
| Prepaymeuts | and accrued income | ~33760 | ~34 970 | |||
| 123,916 | 83,033 |
| 15. | Creditors: am | ounts falling due |
within one year | |||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Trade creditors | 40,998 | 33,273 | ||||
| Social security | and other taxes | 14,532 | 12,919 | |||
| VAT | 12,399 | 6,105 | ||||
| Other creditors | 18,751 | 18,881 | ||||
| Accrued expenses | 15,880 | 12,270 | ||||
| 102,560 | 83,448 | |||||
| 16. | Analysis ofnet assets between | funds | ||||
| 2022 | 2021 | |||||
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funds | funds | |||
| Fixed assets | 639,671 | 639,671 | 666,975 | |||
| Current assets Current liabilities |
1,257,755 ~102,560 |
9,377 | 1,267,132 ~102560) |
1,146,698 ~83448 |
||
| 1,794,866 | 9,377 | ~1804,243 | ~1730225 | |||
| 17. | Movement in |
funds | ||||
| Net | ||||||
| movemeat | At | |||||
| At 1/I/22 | in funds | 31/12/22 | ||||
| Unrestricted | funds | |||||
| General fund | 1,730,225 | 64,641 | 1,794,866 | |||
| Restricted fuads | ||||||
| Ukraine appeal | 9,377 | 9,377 | ||||
| TOTAL FUNDS | ~1730225 | ~74018 | ~1804243 | |||
| Net movement | in funds, included | in the above are as follows: | ||||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| Unrestricted | funds | |||||
| General fund | 2,121,401 | (2,056,760) | 64,641 | |||
| Restricted funds | ||||||
| Ukraine appeal | 47,378 | (38,001) | 9,377 | |||
| Prisons fund | 500 | (500) | ||||
| 47,878 | ~38501) | 9,377 | ||||
| TOTAL FUNDS | 2,169,279 | ~2095 261 | 74018 |
| Compara | tives | for moveme | nt in funds |
|||
|---|---|---|---|---|---|---|
| Net | ||||||
| movement | At | |||||
| At I/I/21 | in funds | 31/12/21 | ||||
| Unrestricted | funds | |||||
| General | fund | 1,341,960 | 388,265 | 1,730,225 | ||
| TOTAL | FUNDS | ~134L960 | 388,265 | 1,730,225 | ||
| Comparative | net movement | in funds, included | in the above are as follows: | |||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| 8 | ||||||
| Unrestricted | funds | |||||
| General | fund | 2,413,195 | (2,024,930) | 388,265 | ||
| TOTAL | FUNDS | ~2413 195 | ~2024 930) | ~388 265 |
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/1/21 | in funds | 31/12/22 | |
| Unrestricted funds |
|||
| General fund | 1,341,960 | 452,906 | 1,794,866 |
| Restricted funds | |||
| Ukraine appeal | 9,377 | 9,377 | |
| TOTAL FUNDS | ~1341960 | ~462 283 | ~1804243 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| Unrestricted funds |
|||
| General fund | 4,534,596 | (4,081,690) | 452,906 |
| Restricted funds | |||
| Ukraine appeal Prisons fund |
47,378 500 |
(38,001) ~500) |
9,377 |
| 47 878 | ~38,501) | 9.377 | |
| TOTAL FUNDS | ~4582 474 | ~4120 191) | ~462 283 |
| 20. | Reconciliation ofnet income |
Reconciliation ofnet income |
to net cash flow from operating | activities | ||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Net income for the | reporting | period (as per the Statement of | Fiaancial | |||
| Activities) | 74,018 | 388,265 | ||||
| Adjustments for: |
||||||
| Depreciation charges |
38,761 | 43,666 | ||||
| Profit on disposal offixed assets | (200,249) | |||||
| Interest received | (2,037) | (71) | ||||
| Decrease/(increase) | in stocks | 17,138 | (11,343) | |||
| (Increase)/decrease in debtors |
(40,881) | 11,125 | ||||
| Increase/(decrease) in creditors |
19,112 | ~36,272) | ||||
| Net cash provided hy operations |
106,111 | ~195 121 | ||||
| 21. | Analysis ofchanges | in net funds | ||||
| At I/1/22 | Cash flow | At 31/I2/22 | ||||
| 8 | ||||||
| Net cash Cash at bank and in |
hand | 973 748 | ~96689 | ~1070437 | ||
| 973 748 | 96689 | ~1070437 | ||||
| Total | 973,748 | 96689 | ~1070437 |
| 2022 | 2021 | ||
|---|---|---|---|
| 8 | |||
| Income and endovvmeuts | |||
| Doaations and legacies | |||
| Donations | 1,450,633 | 1,615,893 | |
| Gift aid Legacies |
119,132 ~310268 |
123,622 ~91 761 |
|
| 1,880,033 | 1,831,276 | ||
| Investment income |
|||
| Deposit account interest | 2,037 | 71 | |
| Charitable activities |
|||
| International support |
15,820 | ||
| Christian literature |
237,616 | 287,959 | |
| 237,616 | 303,779 | ||
| Other income | |||
| Gain on sale oftangible fixed assets | 200,249 | ||
| Information systems |
staff support | 49,593 | 75,015 |
| Job retention scheme |
2 805 | ||
| 49,593 | 278 069 | ||
| Total incoming resources | 2,169,279 | 2,413,195 | |
| Expenditure | |||
| Charitable activities |
|||
| Wages | 668,128 | 634,266 | |
| Social security | 51,662 | 46,743 | |
| Pensions | 28,496 | 27,532 | |
| Purchase ofliterature | for distribution | 343,225 | 265,150 |
| Purchase ofbooks, CDs, DVDs and calendars | 138,006 | 188,639 | |
| VAT paid on building | 676 | ||
| Bible conference and |
presentations | 87,617 | 13,536 |
| Freight and carriage | 294,608 | 335,922 | |
| Subcontracted raailing services |
20,533 | 21,185 | |
| International rninislry |
expenses | 264,270 | 322,835 |
| Private health insurance Stafftraining |
293 ~5129 |
1,881 ~6558 |
|
| 1,901,967 | 1,864,923 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Support costs | ||||||
| Finance | ||||||
| Bank charges | 17,100 | 19,807 | ||||
| Other | ||||||
| Rates and | water | 10,137 | 10,521 | |||
| insurance | 6,648 | 5,356 | ||||
| Light and | heat | 9,305 | 6,668 | |||
| Telephone | 7,981 | 5,147 | ||||
| Stationery | and | photocopying | 9,022 | 9,405 | ||
| Sundries | 34,137 | 10,270 | ||||
| Maintenance | 19,696 | 17,989 | ||||
| Computer | maintenance | 15,156 | 11,993 | |||
| Travel and | subsistence | 19,480 | 5,375 | |||
| Foreign currency (gains)/losses | (1,102) | 5,040 | ||||
| Depreciation | oflong leasehold property | 23,988 | 23,988 | |||
| Depreciation | offixtures | and fittings | 14,773 | 19,678 | ||
| 169,221 | 131,430 | |||||
| Governance | costs | |||||
| Audit fees | 6,973 | 6,778 | ||||
| Legal and | professional | fees | 1,992 | |||
| 6973 | 8 770 | |||||
| Total resources | expended | 2,095,261 | 2,024,930 | |||
| Net income | 74,018 | ~388265 |