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||||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||
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|||||||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|
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||||||||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|
##
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||||||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|
##
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|||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|
##
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|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|