##
##
##
|Reference and Administrative
Details|Reference and Administrative
Details||
|---|---|---|
|Trustees
Report||2 to 8|
|Independent
Auditors'|Report|9to 12|
|Statement of Financial|Activities|13|
|Statement
of Financial|Activities|14|
|Balance Sheet||15|
|Statement
ofCash Flows||16|
|Notes to the Financial|Statements|17to 33|
##
##
|Trustees|||||Rev Dr R D Tumbull||||
|---|---|---|---|---|---|---|---|---|
||||||Mr R L Badams||||
||||||Rev R P Bentley-Taylor||||
||||||Mr J Burn OBE||||
||||||Rev G R Curry||||
||||||Rev D RJ Holloway||||
||||||Mr TEJames||||
||||||Mr M TSJudge||||
||||||Rev J H A Leggett||||
||||||Mr KJ Nelson MBE||||
||||||Rev Dr WJ U Philip||||
||||||Dr P A Robinson||||
|Key Management||Personnel|||Mr C Hart (Chief Executive)
Mr SCalvert (Deputy
Director)||||
||||||Mr C Kelly (Deputy|Director)|||
||||||Mr J Erdington
(Head ofOperations)||||
||||||Mr D Greatorex (Head ofResearch)||||
||||||Mr SWebster (In-house Solicitor)||||
|Registered|Office||||Wilberforce
House
4 Park Road||||
||||||Gosforth Business Park||||
||||||Newcastle
upon Tyne||||
||||||NE12 8DG||||
||||||The charity
is incorporated||in England|and Wales.|
|Company|Registration|||Number|02634440||||
|Charity Registration|||Number||1004774||||
|Scottish Charity registration|||||SC039220||||
|number|||||||||
|Bankers|||||Bank ofScotland||||
||||||London||||
||||||33Old Broad Street||||
||||||London||||
||||||EC2N 1HZ||||
|Auditor|||||Azets Audit Services||||
||||||Bulman
House||||
||||||Regent Centre||||
||||||Gosforth||||
||||||Newcastle
upon Tyne||||
||||||NE3 3LS||||
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|Recognised|Gains|and|Losses)||||
|---|---|---|---|---|---|---|
||||||Total|Total|
||||Unrestricted|Restricted|2021|2020|
|||Note|||6|E|
|Income and Endowments
Donations
and legacies
Investment
income
Other income||from:
3
5|3,020,359
3,718
2,719|621,246
1,320|3,641,605
5,038
2,719|3,193,343
7,601
5,901|
|Total Income|||3 026,296|622,566|3,649,362|3,206,845|
|Expenditure
on:
Raising funds
Chadtable
activities
Other expenditure||6
7
8|(26,704)
(2,561,355)
~2,084|(24,797)
(544,613)|(51,501)
(3,105,968)
~02,084|(26,675)
(2,954,955)
~2,296)|
|Total Expenditure|||(2,590,143)|(569,410)|(3,159,553)|(2,983,926)|
|Gains/losses
on investment
assets||16|15,435||15,435|3,268|
|Net income|||452,088|53,156|505,244|226,187|
|Net movement
in funds|||452,088|53,156|505,244|226,187|
|Reconciliation
of|funds||||||
|Total funds brought|forward||2,749,443|182,265|2,931,708|2,705,521|
|Total funds carried|forward|23|3,201,531|235,421|3,436,952|2,931,708|
##
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|Recognised
Gains|and Los|ses)||||
|---|---|---|---|---|---|
||||||Total|
|||Note|Unrestricted
f|Restricted
f|2020f|
|Income and Endowments
Donations
and legacies
Investment
income|from:|3
4|3,030,740
4,760|162,603
2,841|3,193,343
7,601|
|Other income||5|5,901||5,901|
|Total income|||3,041,401|165,444|3,206,845|
|Expenditure
on:
Raising funds
Chadtable
activities
Other expenditure||6
7
6|(23,194)
(2,523,330)
~2,296|(3,481)
(431,625)|(26,675)
(2,954,955)
~2,296|
|Total expenditure
Gains/losses
on investment|assets||(2,548,820)
3,268|(435,106)|(2,983,926)
3,268|
|Net income/(expenditure)|||495,849|269,662|226,187|
|Net movement
in funds|||495,849|(269,662)|226,187|
|Reconciliation
offunds||||||
|Total funds brought
fonvard|||2,253,594|451,927|2,705,521|
|Total funds carried forward||23||182,265|2,931,708|
##
##
|Balance|She|et|as|at 31 December 2021||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
||||||Note|||
|Fixed assets||||||||
|Tangible assets
Investments|||||15
16|1,628,598
124,572|1 682 563
54,137|
|||||||1,753,170|1,736,700|
|Current assets||||||||
|Stocks|||||17|4,716|5,536|
|Debtors|||||18|182,962|240,949|
|Cash at bank|and|in hand||||1,875,366|1,371,451|
|||||||2,063,044|1 617936|
|Creditors: Amounts|||falling due within one year|||(373,262)|~(236,73(|
|Net current assets||||||1,683,782|1,367,205|
|Total assets|less|current||liabilities||3,436,952|3,103,905|
|Creditors: Amounts|||falling due after more than one year||20||~(172,117|
|Net assets||||||3,436,952|2,931,708|
|Funds ofthe|charity:|||||||
|Restricted||||||235,421|182,265|
|Unrestricted|income||funds|||||
|Unrestricted||||||3,201,531|2,749,443|
|Total funds|||||23|3,436,952|2,931,708|
##
##
|Statement ofCash F|lows for t|he Year|Ended 3|1 December|2021|
|---|---|---|---|---|---|
|||||2021|2020|
||||Note||8|
|Cash flows from operating
activities||||||
|Net cash income||||505,244|226,187|
|Adjustments
to cash flows from non-cash
Depreciation
Investment
income
Revaluation
of investments||items|10, 15
4
16|53,965
(5,038)
~15,435)|60,470
(7,601)
(3,268)|
|||||538,736|275,788|
|Working capital adjustments
Decrease
in stocks|||17|820|1,330|
|Decrease/(increase)
in debtors
Increase
in creditors|||18
19|57,987
214,629|(189,185)
11,696|
|Net cash flows from operating|activities|||812,172|99,629|
|Cash flows from investing
activities||||||
|Interest receivable
and similar|income||4|5,038|7,601|
|Purchase
oftangible
fixed assets|||15||(15,613)|
|Sale oftangible
fixed assets
Purchase
of investments|||16|~755,000|29,880|
|Net cash flows from investing|activities|||(49,962)|21,868|
|Cash flows from financing
activities
Repayment
ofloans and borrowings|||15 20|~255„295|~56,765|
|Net increase
in cash and cash|equivalents|||503,915|64,732|
|Cash and cash equivalents
at|1 January|||1,371451|1,306,719|
|Cash and cash equivalents
at|31 December|||1,875,366|1,371,451|
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|3
Income from||donations
and|legacies||||
|---|---|---|---|---|---|---|
||||Unrestricted||||
||||funds|Restricted|Total|Total|
||||General|funds|2021|2020|
||||6|F|6|6|
|Donations
and legacies;
Donations|||2,771,671|621,246|3,392,917|2,761,714|
|Legacies|||187,938||187,938|365,629|
|Grants,
including
Grants||capital grants;|60,750||60,750|66,000|
|Total for 2021|||3,020 359|621,246|3,641,605|3,193,343|
|Total for 2020|||3,0311740|162603|3,163,343||
|4
Investment|income||||||
||||Unrestricted||||
||||funds|Restricted|Total|Total|
||||General|funds|2021|2020|
||||5|F||5|
|Interest receivable||and similar|||||
|income;|||||||
|Interest receivable on bank
deposits|||3,718|1,320|5,038|7,601|
|Total for 2020|||4,760|2,841|7,601||
|5
Other income|||||||
||||Unrestricted||||
||||funds|Restricted|Total|Total|
||||General|funds|2021|2020|
||||5|F|6||
|Sale ofbooks and||CDs|2,719||2,719|5,901|
|Total for 2020|||5,901||5,901||
##
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||Unrestricted|||||
|---|---|---|---|---|---|
||||Total||Total|
||General|Restricted|2021||2020|
||E|E|E||E|
|Staff- wages and salaries
Staff - Social Security costs
Staff - Pension costs|293
28
46|||293
28
46|195
19
31|
|Office- Printing,
postage and
stationery
Bank and financial charges
General expenses|11,333
14,952
52|15,609
9,188|26,942
24,140
52||10,625
15,774
31|
||26 764|24,797|51,501||26,675|
##
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##
|7
Expenditure|on char|itable|activities|activities||||
|---|---|---|---|---|---|---|---|
||||Unrestricted|||||
|||||||Total|Total|
||||Designated
6|General
F|Restricted|2021
6|2020
6|
|The furtherance|and|||||||
|promotion
ofthe|Christian|||||||
|religion
in the UK and
elsewhere|||70,324|957,525|430,229|1,458,078|1,257,784|
|Staff costs
Governance||||1,518,937
14,569|114,384|1,633,321
14,569|1,684,905
12266|
|Total for 2021|||10324|2 491031|544 613|3 105969|2954 955|
||||Activity|Activity||||
||||undertaken
directly
6|support
costs
6||2021
6|2020
6|
|The furtherance|and promotion|||||||
|ofthe Christian
religion
UK and elsewhere
(note
Governance
costs (note||in the
9)
9)|3,091,399||14,569|3,091,399
14,569|2,942,689
12,266|
||||3,091399||14,569|3,105,968|2,954,955|
##
|8
Other|expe|nditure||||||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|||
|||||||Total|Total|
||||||General|2021|2020|
||||||F|6||
|Purchase|cost|of books|and|CDs|2,084|2,084|2,296|
||||||2,084|2,084|2,296|
##
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##
|Charitable
activities expendi|ture|ture||||
|---|---|---|---|---|---|
||Unrestricted|||||
|||||Total|Total|
||Designated
6|General
6|Restricted
6|2021
8|2020
6|
|Staff - Wages and Salaries
Staff - Social Security costs
Staff - Pension costs||1,210,994
117,878
190,065|91,249
8,839
14,296|1,302,243
126,717
204,361|1,343,606
129,985
211,313|
|Rent and rates||37,457|2,771|40,228|38,218|
|Light and heat
Repairs and maintenance
Insurance|70,170|17,914
66,729
9,253|1,346
6,284
4,870|19,260
143,183
14,123|16,747
39,732
13,284|
|Computer costs
Travel costs|154|32,075
52,342|1,881
2,989|33,956
55,485|35,955
51,969|
|Professional
fees||94,768|397,899|492,667|393,034|
|Office - Telephone||22,724|1,708|24,432|26,064|
|Office - Printing,
postage
and stationery||435,521|6,500|442,021|421,422|
|Office - Equipment||51,154|2,451|53,605|49,772|
|Depreciation
Reference materials||53,965
72,812|1,310|53,965
74,122|60,470
65,162|
|Bank and financial charges||2,355|177|2,532|4,013|
|Conference
and meeting
costs||2,598||2,598|4,766|
|General expenses||800|43|843|1,017|
|Mortgage
Interest
Fixed asset disposal||5,058||5,058|8,055
28,105|
||70,324|2,476,462|544,613|3,091,399|2,942,689|
##
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##
##
|Governance cos|ts|||||
|---|---|---|---|---|---|
||||Unrestricted|||
||||funds|Total|Total|
||||General|2021|2020|
||||6||6|
|Staff costs||||||
|Wages and salaries
Social security costs
Pension costs|||2,038
196
333|2,038
196
333|1,929
183
312|
|Audit fees||||||
|Audit ofthe financial||statements|4,620|4,620|4,440|
|Other governance|costs||7,382|7,382|5,402|
||||14,569|14,569|12,266|
|10Net incoming/outgoing|resources|||
|---|---|---|---|
|Net incoming
resources for the year include:||||
|||2021|2020|
|Audit fees||4,620|4,440|
|Other services- see note 13
Depreciation
offixed assets||2,340
53,555|2,220
60,470|
##
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##
|12Staff costs|||
|---|---|---|
|The aggregate
payroll costs were as follows;|||
||2021|2020f|
|Staffcosts during the year were:
Wages and salaries
Social security costs
Pension costs|1,304,574
126,941
204,740|1,345,731
130,187
211,656|
||1,636,255|1,687,574|
|charity
dur|ing the year was as follows:|||||
|---|---|---|---|---|---|
|||2021||2020||
|||No||No||
|Charitable|staff||48||50|
|s was:||
|---|---|
|2021|2020|
|No|No|
##
|13 Auditors'
remuneration|||
|---|---|---|
||2021|2020|
|||6|
|Audit of the financial statements|4,620|4,440|
|Other fees to auditors|||
|All other non-audit
services|2,340|2,220|
##
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##
##
|15Tangible fixed assets||||
|---|---|---|---|
||Land and|Furniture
and||
||buildings|equipment|Total|
||6|6|F|
|Cost||||
|At 1 January 2021|2,134,072|256,886|2,390,958|
|At 31 December 2021|2,134,072|256,886|2,390,958|
|Depreciation
At 1 January 2021
Charge for the year|483,428
42,682|224,967
11,283|708,395
53,965|
|At 31 December 2021|526,110|236,250|762,360|
|Net book value||||
|At 31 December 2021|1,607,962|20,636|1,628,598|
|At 31 December 2020|1,666,644|31,919|1,682,563|
##
##
|16 Fixed asset investments|16 Fixed asset investments|16 Fixed asset investments||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|Investment-|COIF Charities||Investment||Fund|124572|54,137|
|Investments||||||||
|||||||Listed||
|||||||investments|Total|
||||||||8|
|Cost or Valuation||||||||
|At 1 January
Additions|2021|||||54,137
55,000|54,137
55,000|
|Revaluation|gain|||||15,435|15,435|
|At 31 December 2021||||||124,572|124,572|
|Net book value||||||||
|At 31 December 2021||||||124,572|124,572|
|At 31 December 2020||||||54,137|54,137|
|The historical cost ofthe investment||||is|F105,000.|||
|17Stock||||||||
|||||||2021|2020|
|Resources,|including|books|and CD's|||4,716|5,536|
|18Debtors||||||||
|||||||2021|2020|
||||||||F|
|Gift Aid tax|refunds|||||40,590|44,829|
|Legacies
Other debtors||||||129,975
12,397|180,662
15,458|
|||||||182,962|240,949|
##
##
|19Creditors: amounts|falling due within one year|falling due within one year|falling due within one year|||
|---|---|---|---|---|---|
|||||2021|2020|
|||||6|6|
|Bank loans|||||86,098|
|Trade creditors||||119,744|157,433|
|Accruals||||259,518|7,200|
|||||375,262|255,731|
|20 Creditors: amounts|falling due after|more than one year||||
|||||2021|2020|
|||||r.|6|
|Bankloans|||||172,197|
|Included
in the creditors|are the following|amounts|due after more than|five years:||
|||||2021|2020|
|After more than five years by instalments|||||15,147|
##
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|23 Funds||||||||
|---|---|---|---|---|---|---|---|
|||Balance
at1
January
2021|Incoming
resources|Resources
expended
f|Other
recognised
Transfersgains/(losses)
6
8||Balance
at 31
December
2021
6|
|Unrestricted
funds||||||||
|General||||||||
|Unrestricted
Operating
Fund||755,858|3,026,796|(2,465,854)|(291,354)||1,025,446|
|Unrestricted
Fixed
Asset Fund||1,454, 148||(53,965)|228,415||1,628,598|
|Unrestricted-
Fixed
Asset Investment
Fund||54,137|||55,000|15435|124572|
|||2264143|3 026 796|02~519819|~7939|15435|2 778616|
|Designated
Legacy Fund
Growth
Fund||485,300||(70,170)|(127,531)
105,470||357,769
35,300|
|Republic of Ireland
Fund||||~154)|30,000||29,846|
|||485,300||(70,324)|7,939||422,915|
|Total unrestricted
funds||2,749,443|3,026,796|(2,590,143)||15,435|3,201,531|
|Restricted funds||||||||
|Legal Defence Fund
Growth
Fund||181,715
550|621,246
1,320|(567,540)
~1,870|||235,421|
|Total restricted
funds||182,265|622,566|~569,410|||235,421|
|Totalfunds||2,931,708|3,649,362|(3~159,553||15,435|3,436,952|
##
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##
|||Unrestricted|Unrestricted|||
|---|---|---|---|---|---|
|||General
f|Designated
f|Restricted
f|Total funds
f|
|Tangible
fixed assets
Fixed asset investments||1,628,598
124,572|||1,628,598
124,572|
|Net current assets/(liabilities)||1,025,446|422,915|235,421|1,683,782|
|Total net|assets|2,778,616|422,915|235,421|3,436,952|
|||Unrestricted||||
||||||Total funds|
||||||at 31|
||||||December|
|||General
f|Designated
f|Restricted
f|2020f|
|Tangible
fixed assets
Fixed asset investments||1,682,563
54,137|||1,682,563
54,137|
|Net current assets/(liabilities)
Creditors over 1 year||699,640
~172,197|485,300|182,265|1,367,205
(172,197)|
|Total net|assets|2,264,143|485,300|182,265|2,931,708|
##
|25 Analysis
of ne|t funds||||
|---|---|---|---|---|
|||||At 31|
|||At 1 January
2021f|Financing
cash flows
f|December
2021
F|
|Cash at bank and|in hand|1,371,451|503,915|1,875,366|
|Debt due within one year||(86,098)|86,098||
|Debt due after more than one year||(172,197)|172,197||
|Net funds||1,113,156|762,210|1,975,366|
|||||At 31|
|||At 1 January|Financing|December|
|||2020|cash flows
f|2020f|
|Cash at bank and|in hand|1,306,719|64,732|1,371,451|
|Debt due within one year
Debt due after more than one year||(64,704)
~250,356&|(21,394)
78,159|(86,098)
~172,797|
|Net funds||991,659|121,497|1,113,156|
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