2020-12-31-accounts - Siloam Christian Ministries Limited

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Trustees' annual report (incorporating the				director's	report)
Independent examiner's report			to the trustees
Statement offinancial	activities		(including	income and
expenditure account)						13
Statement offinancial	position					14
Notes to the financial	statements
The following pages	do not form part ofthe financial statements
Detailed statement offinancial		activities				30
Notes to the detailed	statement		offinancial	activities		31
Summary of gift grants made to			overseas	projects during 2020		32

					2020		2019
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
			Note	6	6	5	f
Income and endowments
Donations and legacies			5	104,568	201,394	305,962	281,626
Investment income			6	18,552	369	18,921	17,702
Total income				123,120	201,763	324,883	299,328
Expenditure
Expenditure on charitable	activities		7,8	108,901	194,770	303,671	338,490
Total expenditure				108,901	194,770	303,671	338,490
Net gains/losses on investments			10	38	1,557	1,595
Net income/(expenditure)				14,181	5,436	19,617	(39,162)
Transfers between funds				12,023	(12,023)
Other recognised gains and losses
Gains/(losses) from revaluation		offixed
assets					11,856	11,856	(12,328)
Net movement in funds				26,204	5,269	31,473	(51,490)
Reconciliation offunds
Total funds brought forward				516,115	110,711	626,826	678,316
Total funds carried forward				542,319	115,980	658,299	626,826

				Note	2020 F		2019 f
Fixed assets
Tangible fixed assets				15		5,555	6,172
Investments				16		529,368	516,493
						534,923	522,665
Current assets
Stocks				17	1,000		1,000
Debtors				18	8,572		15,990
Cash at bank and	in	hand			123,234		96,778
					132,806		113,766
Creditors: amounts		falling	due within one year	19	(9,430)		(9,607)
Net current assets						123,376	104,161
Total assets less	current		liabilities			658,299	626,826
Net assets						658,299	626,826
Funds ofthe charity
Restricted income	funds:
Revaluation	reserve					32,372	20,516
Other restricted		income funds				83,608	90,195
Unrestricted funds						542,319	516,115
Total charity funds				21		658,299	626,626

	Unrestricted	Restricted	Total Funds
	Funds	Funds 5	2019 f
Donations
Donations	50,353	194,463	244,816
Gift Aid	5,758	23,306	29,064
Legacies
Legacies	7,746		7,746
	63,857	217,769	281,626

Investment income
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
		F
Income from investment	properties	15,973		15,973
Income from listed investments		2	369	371
Bank interest receivable		2,577		2,577
		18,552	369	18,921
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2019
		5
Income from investment	properties	16,991		16,991
Income from listed investments		4	450	454
Bank interest receivable		257		257
		17,252	450	17,702

Expenditur	e	on charitable activities by f	und type
			Unrestricted	Restricted	Total Funds
			Funds	Funds f	2020
Overseas	aid	projects	2,897	173,482	176,379
Fundraising	and publicity		84,485	17,905	102,390
Management		and administration	12,320	2,966	15,286
Support costs			9,199	417	9,616
			108,901	194,770	303,671
			Unrestricted	Restricted	Total Funds
			Funds f	Funds f	2019 f
Overseas	aid	projects	5,961	182,259	188,220
Fundraising	and publicity		87,137	28,819	115,956
Management		and administration	13,461	2,280	15,741
Support costs			14,748	3,825	18,573
			121,307	217,183	338,490

8.	Expenditure		on c	haritable activitie	s by activity type
					Activities
					undertaken	Support	Total funds	Total fund
					directly f	costs	2020 f	2019 f
	Overseas aid		projects		176,379	5,968	182,347	201,482
	Fundraising	and publicity			102,390		102,390	115,956
	Management		and	administration	15,286		15,286	15,741
	Governance	costs				3,648	3,648	5,311
					294,055	9,616	303,671	338,490
9.	Analysis of	support costs
					Overseas aid
					projects	Governance F	Total 2020 f	Total 2019 f.
	Premises				3,820		3,820	4,967
	General office				2,148		2,148	5,061
	Governance	costs				3,648	3,648	5,311
					5,968	3,648	9,616	15,339
10.	Net gains/losses			on investments
						Unrestricted	Restricted	Total Funds
						Funds f	Funds	2020
	Gains/losses	on listed investments				(38)	(1,557)	(1,595)

									Unrestricted	Unrestricted	Restricted	Total	Funds
										Funds	Funds		2019
										6	8		6
	Gains/losses	on listed	investments
11.	Net income/(expenditure)
	Net income/(expenditure)			is stated		after charging/(crediting):
											2020		2019
	Depreciation	oftangible	fixed assets								617		686
12.	Independent	examination		fees
											2020		2019
											8		6
	Fees payable	to the independent			examiner for:
	Independent	examination		ofthe financial statements							2,400		2,400
	Other financial services										1,248		640
											3,648		3,040
13.	Staff costs
	The total staff costs and		employee			benefits for		the reporting		period are analysed as follows:
											2020	2019
											6
	Wages and salaries										65,529	66,449
	Social security costs										939		898
	Employer contributions		to	pension		plans					1,366		1,345
											67,834	68,692
	The average	head count of employees					during	the year	was	5(2019:5).The average		number of
	full-time equivalent employees during the year							is analysed as follows:
											2020	2019
											No.	No.
	Number ofstaff										4		4

Year ended 31 Tangible fixed assets	Decem	ber 2020
			Fixtures and
			fiNings	Total
			f.
Cost
At 1January 2020 and 31 December 2020			30,026	30,026
Depreciation
At 1 January 2020			23,654	23,854
Charge for the year			617	617
At 31 December 2020			24,471	24,471
Carrying amount
At 31December 2020			5,555	5,555
At 31 December 2019			6,172	6,172
Investments
Cash	or cash	Listed	Investment
equivalents		investments	properties	Total
		6		6
Cost or valuation
At 1 January 2020	50,000	44,949	421,544	516,493
Additions	2,500	234		2,734
Disposals		(105)		(106)
Fair value movements		10,247		10,247
At 31 December 2020	52,500	55,324	421,544	529,368
Impairment
At 1January 2020 and
31December 2020
Carrying amount
At 31 December 2020	52,500	55,324	421,544	529,368
At 31 December 2019	50,000	44,949	421,544	515,493

17.	CBS Ltd whic Stocks	h is ear	ning interest at 5%per annum.
				2020	2019
				f	f
	Raw materials	and consumables		1,000	1,000
18.	Debtors
				2020 f	2019 f
	Trade debtors			2,189	2,942
	Prepayments	and accrued income		6,383	13,046
				8,572	15,990
19.	Creditors: amounts		falling due within one year
				2020 F	2019 f
	Trade creditors			6,390	4,314
	Accruais and	deferred	income	3,040	3,040
	Social security	and other taxes			2,253
				9,430	9,607

		At				Gains and	At
		1 Jan 2020 5	Income f	Expenditure 6	Transfers 6	losses F	31Dec 2020 f
General funds		516,115	123,120	(108,901)	12,023	(38)	542,319
Restricted	funds
		At				Gains and	At
		1 Jan 2020 6	Income 5	Expenditure f	Transfers F	losses f	31Dec 2020 F
Restricted	Funds	90,195	201,763	(194,770)	(12,023)	(1,557)	83,608
Revaluation
reserve		20,516				11,856	32,372
		110,711	201,763	(194,770)	(12,023)	10,299	115,980

78 Extra Gifts-Sponsored Children	78 Extra Gifts-Sponsored Children	78 Extra Gifts-Sponsored Children
India			306	910	(1,067)	149
79 Extra Gifts-Blessed		Generation		376	(376)
82 Ephesians Christian		School	320	1,796	(1,908)	208
84 Destitute	Children's	Project-Kenya	841	3,836	(3,750)	927
85 Biblical Training-Christian Leaders
in Kenya			11,099	7,277	(7,220)	11,156
88 Christen	Anti-Slavery	Today	189	120	(12)	297
90 Siloam's	Christian Character			120	(12)	108
91 Survival	Packs in Peru/Leg-up
Ministries				105	(10)	95
92 Wheels	of Life (School in a Cart)			25	(25)
			110,711	209,420	(204,152)	115,980
Analysis of	net assets	between funds
			Unrestricted	Restricted	Total Funds	Total Funds
			Funds	Funds	2020	2019
			6	F	6	E
Tangible fixed assets			5,555		5,555	6,172
Investments			474,096	55,272	529,368	516,493
Current assets			72,098	60,708	132,806	113,768
Creditors less than 1 year			(9,430)		(9,430)	(9,607)
Net assets			542,319	115,980	658,299	626,826

		Year ended 31 Decem	ber 2020
			2020	2019
			6	6
Income and endowments
Donations and legacies
Donations			253,408	244,816
Gift Aid			29,747	29,064
Legacies			22,807	7,746
			305,962	281,626
Investment income
Income from investment	properties		15,973	16,991
Income from listed investments			371	454
Bank interest receivable			2,577	257
			18,921	17,702
Total income			324,883	299,328
Expenditure
Expenditure on charitable		activities
Wages and salaries			65,529	66,449
Employer's NIC			939	898
Pension costs			1,366	1,345
Rent			10,225	9,814
Repairs and maintenance			1,071	3,328
Other establishment			3,820	4,873
Motor vehicle expenses			460	4,375
Legal and professional fees			6,849	7,938
Telephone			664	773
Other office costs			15,909	19,377
Depreciation			617	686
Interest on bank loans and overdrafts			3,908	3,896
Financial assistance			171,950	181,521
Advertising and promotion			19,843	30,414
Financial assistance to other		organisations	521	2,803
			303,671	338,490
Total expenditure			303,671	338,490
Net gains/losses on investments
Gains/losses on listed investments			1,595
Net income/(expenditure)			19,617	(39,162)

			Year ended 31 Decem	ber 2020
				2020	2019
				8	F
Expenditure on charitable		activities
Overseas aid projects
Activities undertaken	directly
Bank charges and interest				3,908	3,896
Financial assistance				171,950	181,521
Financial assistance to	other organisations			521	2,803
				176,379	188,220
Support costs Repairs & maintenance Premises costs				1,071 3,820	3,328 4,873
Motor and travelling				460	4,375
Depreciation				617	686
				5,968	13,262
Fundraising and publicity
Activities undertaken	directly
Staffcosts				65,529	68,449
Employer's NIC				939	898
Pension costs				1,366	1,345
Legal and professional fees Postage Advertising and promotion				3,201 13,192 18,163	2,627 14,784 29,853
				102,390	115,956
Management and administration
Activities undertaken Operating leases - land Telephone Other office costs	directly and buildings			10,225 664 2,717	9,814 773 4,593
Exhibitions and conferences				1,680	561
				15,286	15,741
Governance costs
Governance costs - accountancy			fees	3,648	5,311
Expenditure on charitable		activities		303,671	338,490