2020-12-31-accounts - Worldshare

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For t	he Year Ended 31December 2020
Our	ur oses - Memorandum ofAssociation 1990
To advance the Christian faith by:
(i)	Proclaiming the Gospel ofJesus Christ to every nation in accordance		with the Lord's
	Great Commission to the Church.
(ii)	Promoting co-operation within the worldwide Church (including the		churches		in
	developing nations) in evangelism within and across cultures.
(iii)	Encouraging the missionary work ofthe churches as a whole	in established		local
	churches and ministries throughout the world with a view to	making	their	international
	and national witness more efficient and effective.
(iv)	Encouraging and assisting national churches in evangelism, establishment			of	churches,
	the growth ofchurches and the development ofdiscipleship	and leadership.
(v)	Giving advice and counsel to national churches and their members.
(vi)	Sponsoring indigenous churches and ministries for the purpose of recruiting				national
	workers for evangelistic purposes.
(vii)	To relieve poverty, suffering and distress and prevent disease	and ill	health	with		a view
	to underpinning the spiritual ministry ofthe national churches.
(viii)	Providing food, clothing, medical assistance and educational	help including		Christian
	education to children in need, the distribution of all forms of	Christian	literature			and
	material including Bibles, New Testaments, Gospels for the communication			ofthe
	Christian Faith throughout the world.

Directors				K R McKemey	K R McKemey			Chairman	(from	January 2020J
				J Bunce				Vice-Chair (from January 2020)
				R Cartlidge
				A C Fisher
				S V Kelsall
				M Forsyth
				P Summerside				(from 10'" December 2020)
				2 Biro				(from 10'" December 2020)
Chief Executive				A C Butler
Company	Secretary			J H Hunt
Registered		Office		Armstrong House
				First Avenue
				Robin Hood	Airport
				Doncaster	DN9 3GA
Independent		Examiners		Smith Craven		Chartered		Accountants
				Sidings House
				Sidings Court
				Lakeside
				Doncaster	DN4 SNU
Bankers				National Westminster			Bank pic		Ik	HSBC Bank pic
				27 High Road						1High Street
				Chadwell Heath						Doncaster
				Romford RM6 6QD						DN1 1BS
Solicitors				Ellis Fermor	Ik Negus
				2 Devonshire		Avenue
				Beeston
				Nottingham		NG9 1BS
Registered	Charity Number			803575
Company	Registration		Number	02498199

				Year ended 31December	Year ended 31December	2020	yeorended
							31-Dec-19
			Notes	Unrestricted	Restricted	Total	Total
				funds	funds
				E	6	E
INCOME
Voluntary	and investment	income
	Donation income			76,110	336,548	412,658	329,007
	Legacies received			4,440		4,440	6,009
	Income tax refunded			7,136	32,315	39,451	36,044
	Interest received			30		30	294
	Other income			5,658		5,658
Total income				93,374	368,863	462,237	371,354
EXPENDITURE
Costs ofgenerating funds				14,093	56,910	71,003	74,098
Charitable	activities		3&4	59,764	303,688	363,452	296,254
Tote I expenditure				73,857	360,598	434,455	370,352
Unrealised	gains on investments			550		550	3,159
Net incoming/(outgoing)		resources before transfers		20,067	8,265	28,332	4,161
Transfers	across funds		15	(5,000)	5,000
Net movement in funds				15,067	13,265	28,332
RECONCILIATION OF FUNDS
Balances	brought forward	at 1January 2020		25,397	34,963	60,360	56,199
Balances	carried forward	at 31December 2020	14&15	40,464	48,228	88,692	60,360

Balance S	heet asat	31December 2020
					lNorldgharg
				Year ended	yearended
				31-Dec-20	31-Dec-19
			Notes	Total	Total
					f
FIXEDASSETS
Tangible assets for use by the charity			10	6,958	8,391
Investments			11	23,550	23,166
				30,508	31,557
CURRENT ASSETS
Debtors			12	8,048	11,783
Cash at bank	and in hand			59,157	28,01.3
				67,205	39,796
CREDITORS:	AMOUNTS	FALLING DUE WITHIN	13	(9,021)	(10,993)
ONE YEAR
NET CURRENT ASSETS				58,184	28,803
NET ASSETS				88,692	60,360
THE FUNDS	OF THE CHARITY:
Unrestricted	income funds		14	40,464	25,397
Restricted income funds			15	48,228	34,963
TOTALFUNDS				88,692	60,360

					Year ended	Yearended
					31-Dec-20	31-Dec-19
				Notes	Total	Total
Cash provided by operating	activities			19	34,012	7,467
Cash flows from investing	activities
Interest income					30	294
Purchase oftangible fixed assets					(2,898)	(3,2707
Cash used in investing activities					(2,868)	(2,976)
Increase/(Decrease) in cash and cash equivalents			in the year		31,144	4,491
Cash and cash equivalents	at the beginning	ofthe	year		28,013	23,522
Total cash and cash equivalents at the end		ofthe	year		59,157	28,013

					Year ended	Year ended	31December	2020	year ended
					Unrestricted	Restricted			31-Dec-19
					funds		funds	Total	Total
				Note
Assistance in	ministry		resources	8
ChildAid	and	related grants					68,060	68,060	51,275
Ministry,	project		and emergency	relief grants			148,710	148,710	97,265
							216,770	216,770	148,540
Other Charitable		Expenditure
Direct ministry costs							202	202	2,676
Ministry	support		costs		30,837		86,716	117,553	113,600
Governance		Ik support costs			28,927			28,927	31,438
					59,764		303,688	363,452	296,254

4	ANALYSIS OF RESOURCES	EXPENDED ON CHARITABLE	EXPENDED ON CHARITABLE	EXPENDED ON CHARITABLE	EXPENDED ON CHARITABLE	EXPENDED ON CHARITABLE	EXPENDED ON CHARITABLE	EXPENDED ON CHARITABLE	EXPENDED ON CHARITABLE	EXPENDITURE	EXPENDITURE
												Year ended	Yearended
												31-Dec-20	31-Dec-19
													E
	Grants/Gifts in Kind sent											216,770	14S,540
	Staff costs											109,417	103,812
	Travel											(4)	774
	Premises costs											13,237	12,943
	Office expenses (including	computer				&telephone		costs)				7,936	8,131
	Postage, printing, stationery		&,	photocopying			costs					3,834	5,273
	Magazine costs											4,032	3,221
	Promotional expense (including			exhibitions,			publicity		&website		costs)	70	865
	Establishment costs (including costs					af Board meetings)						6,218	9,292
	Ministry visits and set up costs											136	1,022
	Advocacy/consultancy for	ministries											22
	Ministry infrastructure improvements/Other						direct costs					66	36
	Depreciation (including profit/loss				on disposal of			fixed assets)				1,740	2,323
	Total Resources Expended											363,452	296,254
5	ANALYSIS OF GOVERNANCE		&SUPPORT COSTS
									Year ended 31December			2020	Year ended
							Support			Costs	Governance	Total	31-Dec-19
									E		E	E	E
	Staff costs									13,329	7,054	20,383	19,305
	Travel									7		7	346
	Premises costs									1,968		1,968	1,798
	Office expenses									1,148		1,148	1,078
	Postage, printing &stationery									522	143	665	1,102
	Establishment costs									824		824	1,075
	Professional Fees - Independent				Examination						1,960	1,960	2,000
	Professional Fees - HR									1,056		1,056	1,146
	Professional Fees —Pension												400
	Professional Fees —Legal												39
	Professional Fees —Other									166		166	118
	Board meeting costs (inc. board			training)							501	501	2,793
	Depreciation									249		249	238
										19,269	9,658	28,927	31,438

							Year ended	Yearended
The surplus	for the period			is	stated	after charging:	31-Dec-20	31-Dec-19
							E	6
Depreciation		ofowned	tangible fixed assets				4,331	4,346
Independent		Examiners'	remuneration				1,960	2,000
Operating	leases:				Office	equipment	2,094	2,864
					Land and buildings		14,720	14,280
STAFF COSTS
							Year ended	Yearended
							31-Dec-20	31-Dec-19
							E	E
Wages and	salaries						134,035	106,346
Social security		costs					8,463	7,386
Pension costs							10,942	8,565
Freelance/consultancy			costs				225	18,642
Other staff	costs (including			holiday		pay accrual movement)	(99)	10,304
							153,566	151,243

Year ended	Yearended
31-Dec-20	31-Dec-19
Number	Number

Organisation					County	Number ofGrants	Total
							f
Beginning of Life					Moldova	41	27,780
Bible Faith Mission					India	9	7,950
Evangelical Church of North Macedonia				(prev. MMB)	Macedonia	11	13,170
Free Evangelical Association of		Lebanon			Lebanon	4	19,200
HEAL Africa					DR Congo	10	33,310
Hope for Africa Missions					South Africa	28	20,500
Jatiyo Kristyo Prochar	Samity				India	14	26,650
Medical Ambassadors	Foundation		(prev.	BWD)	Albania	19	10,900
PiFo Haiti (prev. Haiti	Christian	Schools)			Haiti	8	10,200
Potter's House (Casa	Del Alfarero)				Guatemala	18	19,000
Word of Hope					Myanmar	15	11,700
Other (less than 65,000each)					Various	31	16,410
						208	216,770

	Visiting Projectsaoard	Visiting Projectsaoard	Meeting	Other	Total	Total
	Overseas	Expenses		Expenses	2020	2019
	f		f	f	f	f
J Bunce						178
R Cartlidge						376
M Forsyth						274
P G Hine						85
5 Kelsall						140
K McKemey						140
						1,193

TANGIBLE FIXEDASSETS
	Computer	Furniture	&	Office	Promotions
	Equipment	Fittings		Equipment	Equipment	Total
	f	f		f	f
COST
At 1January 2020	33,082	11,850		3,835	11,787	60,554
Additions	1,532			922	444	2,898
Disposals	(379)			(199)		(578)
As at 31December 2020	34,235	11,850		4,558	12,231	62,874
ACCUMULATED DEPRECIATION
At 1January 2020	28,452	11,794		3,835	8,082	52,163
Charge for the period	2,246		56	185	1,844	4,331
Eliminated on disposal	(379)			(199)		(578)
As at 31December 2020	30,319	11,850		3,821	9,926	55,916
NET BOOK VALUE
As at 1January 2020	4,630		56		3,705	8,391
As at31December 2020	3,916			737	2,305	6,958

CASH HELD	AS INVESTMENTS	AS INVESTMENTS	Year ended	Year ended
			31-Dec-20	31-Dec-19
			f
VALUE
At 1January 2020			23,166	20,101
Investment	management	costs	(166)	(94)
Unrealised	gain on investment		550	3,159
As at 31December 2020			23,550	23,166

DEBTORS	Year ended	Yearended
	31-Dec-20	31-Dec-19
Income tax recoverable	1,734	2,112
Prepayments	5,827	8,421
Other debtors	487	1,250
	8,048	11,783

CREDITORS: AMOUNTS	Year ended	Year ended
ONE YEAR	31-Dec-20	31-Dec-19
	E	6
Accruals	2,274	2,592
Trade Creditors	1,750	1,926
Wages control	4,683	4,823
Other	314	1,652
	9,021	10,993

14	UNRESTRICTED FUNDS	Year ended
		31-Dec-20
	As at31December 2018	29,073
	(Deficit) for the year	(3,676)
	As at 31December 2019	25,397
	Surplus for the year	20,067
	Transfers in/(out)	(5,000)
	As at 31December 2020	40,464

RESTRICTED FUNDS	RESTRICTED FUNDS				Restricted	Unrestricted
		Balance	Movement	in funds	fund	fund	Balance
		1January 2020	Incoming	Outgoing	Transfers	Transfers	31Dec 2020
		E		E	E	E	E
Funds held	in respect ofprojects
in the following thematic areas:
Education		(1,067)	134,083	(126,427)			6,589
Health		12,134	53,528	(46,300)			19,362
Community		4,020	35,827	(32,895)			6,952
Church Planting		1,410	58,775	(52,602)			7,583
Injustice		(200)	12,343	(16,986)		5,000	157
Emergency	Relief	18,666	74,307	(85,388)			7,585
		34,963	368,863	(360,598)		5,000	48,228

		Year ended	31December	2020	Year ended
					31-Dec-19
		Unrestricted	Restricted	Total	Total
		funds	funds
		E
Tangible	fixed assets	6,958		6,958	8,391
Fixed asset investments		23,550		23,550	23,166
Current	assets	18,877	48,228	67,105	39,796
Current	liabilities	(8,921)		(8,921]	(10,993)
		40,464	48,228	88,692	60,360

					2020	2019
					E	E
	Total payable within	one	year		5,412	4,982
	Total payable within	one	to five years		1,745	3,278
	Total payable after	five years
					7,157	8,260
19	RECONCILIATION OF NET		MOVEMENT	IN FUNDS TO
	NET CASH FLOW FROM OPERATING ACTIVITIES				2020	2019
					Total	Total
					E	E
	Net movement in funds				28,332	4,161
	Depreciation charge				4,331	4,346
	Interest income				(30)	(294)
	(Increase)/decrease	in value ofinvestments			(384)	(3,065/
	Decrease in debtors				3,735	375
	Increase/(decrease)	in creditors			(1,972)	1,944
	Net cash used in operating		activities		34,012	7,467