**Charity number: 1006653**
## **THE EPIPHANY TRUST**
## **TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2021**
## **THE EPIPHANY TRUST**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 4|
|**Independent examiner's report**|5|
|**Statement of financial activities**|6|
|**Balance sheet**|7|
|**Notes to the financial statements**|8 - 22|
**THE EPIPHANY TRUST**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **Trustees**
Dr Robert Song Charlie Colchester Mrs Barbara Mace David Kay
## **Charity registered number**
1006653
## **Principal office**
St Davids Park Road South Newton le Willows WA12 8EY
## **Accountants**
Baldwin Scofield Accountancy LLP Chartered Accountants 3 Newhouse Business Centre Old Crawley Road Horsham West Sussex RH12 4RU
## **Bankers**
Co-operative Bank plc Olympic House 6 Olympic Court Salford M5 2QP
Barclays Bank plc 2 Victoria Street Westminster London SW1H 0ND
Page 1
## **THE EPIPHANY TRUST**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021**
The Trustees present their annual report together with the financial statements of the The Epiphany Trust for the 1 January 2021 to 31 December 2021.
## **Objectives and activities**
## **Policies and objectives**
The charity's objective is to relieve the suffering of vulnerable adults and children, irrespective of all external factors. It provides front-line support for those who are at risk as a result of social, economic and political instability, in countries across the world.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **Achievements and performance**
## **Review of activities**
The Trust has had a very satisfactory year and the Trustees are pleased with the progress made. The work in respect of the Child Action International has increased again during the year, helping needy children in various locations including Romania, Burma, Bangladesh and Sri Lanka. The Trustees have made a positive commitment of time and resources to the long- term development of the charity outside the UK. There has also been an increase in the area of Education and Research. During the year, the charity continued with the work of the Movement for Christian Democracy Trust and the Metta Trust for Children's Education and they are now part of the work of the charity.
## **Financial review**
## **Going concern**
The charity has been affected by the current pandemic situation, which will impact upon income for 2020 in light of missed fundraising opportunities and a lack of profit from the trading arm of the Trust. However, moving forward cautiously the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
## **Reserves policy**
The Trustees have reviewed the Reserves Policy and the amount of at least £45,000 is considered to be necessary to provide financial stability for the future operations of the charity. The financial position of the charity is continually monitored by the Trustees.
## **Principal funding**
The principal funding of the charity is donations given by supporters. The Gift Aid scheme is used whenever possible to provide Gift Aid tax refunds. During the period the Charity made a surplus of £20,053 (2020 - surplus for the year of £15,814). The funds to carry forward at the year end amount to £15,728 (2020 - £27,101) in Restricted Funds and £648,458 (2020 - £613,432 in General Funds. The financial position of the charity continues to be very good.
Page 2
## **THE EPIPHANY TRUST**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021**
## **Structure, governance and management**
## **Constitution**
The Epiphany Trust is a registered charity, number 1006653, and is constituted under a Declaration of Trust dated 15 March 1991.
## **Methods of appointment or election of Trustees**
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
## **Organisational structure and decision-making policies**
The charity is now a well-established Christian Ministry involved with helping children, research work and education in the UK and abroad. Bill Hampson and Sharon Ainscough are the people responsible for carrying out the work of the Trust on a daily basis.
## **Financial risk management**
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
## **Plans for future periods**
The Trustees consider that the charity has had a successful year in 2021 despite Covid-19. However, the year ahead continues to present many challenges with the aftermath of the Covid-19 pandemic and the restrictions on the operations of the trading arm coupled with significantly reduced fundraising opportunities. The Trustees are confident however that our healthy reserves and regular income together with several successful grants will ensure we can continue to operate and support our current projects.
Page 3
## **THE EPIPHANY TRUST**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021**
## **Statement of Trustees' responsibilities**
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 9 September 2022 and signed on their behalf by:
## **Dr Robert Song**
Page 4
## **THE EPIPHANY TRUST**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021**
## **Independent examiner's report to the Trustees of The Epiphany Trust ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2021.
## **Responsibilities and basis of report**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England & Wales, which is one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: 9 September 2022 Nicholas M Baldwin BA(Econ) FCA DChA **Baldwin Scofield Accountancy LLP**
Page 5
## **THE EPIPHANY TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021**
|**Note**
**Income from:**
Donations and legacies
2
Other trading activities
3
Investments
4
**Total income**
**Expenditure on:**
Charitable activities
5
**Total expenditure**
**Net (expenditure)/income**
Transfers between funds
13
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2021**
**£**
**139,906**
**-**
**-**
**139,906**
**209,425**
**209,425**
**(69,519)**
**57,546**
**(11,973)**
**27,701**
**(11,973)**
**15,728**|**Unrestricted**
**funds**
**2021**
**£**
**49,930**
**78,957**
**511**
**129,398**
**36,826**
**36,826**
**92,572**
**(57,546)**
**35,026**
**613,432**
**35,026**
**648,458**|**Total**
**funds**
**2021**
**£**
**189,836**
**78,957**
**511**
**269,304**
**246,251**
**246,251**
**23,053**
**-**
**23,053**
**641,133**
**23,053**
**664,186**|_Total_
_funds_
_2020_
_£_
_261,080_
_6,060_
_1,935_|
|---|---|---|---|---|
|||||_269,075_|
|||||_253,261_|
|||||_253,261_|
|||||_15,814_
_-_|
|||||_15,814_|
|||||_625,319_
_15,814_|
|||||_641,133_|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 8 to 22 form part of these financial statements.
Page 6
## **THE EPIPHANY TRUST**
## **BALANCE SHEET AS AT 31 DECEMBER 2021**
|**Note**
**Fixed assets**
Tangible assets
9
Investments
10
**Current assets**
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within one
year
12
**Net current assets**
**Total assets less current liabilities**
**Total net assets**
**Charity funds**
Restricted funds
13
Unrestricted funds
13
**Total funds**|**60,932**
**359,763**
**420,695**
**(1,800)**|**2021**
**£**
**244,291**
**1,000**
**418,895**
**664,186**
**664,186**
**15,728**
**648,458**
**664,186**|_60,932_
_331,690_
_392,622_
_(1,800)_|_2020_
_£_
_249,311_
_1,000_
_390,822_|
|---|---|---|---|---|
|||||_641,133_|
||||||
|||||_641,133_|
|||||_27,701_
_613,432_|
||||||
|||||_641,133_|
The financial statements were approved and authorised for issue by the Trustees on 09 September 2022 and signed on their behalf by:
## **Dr Robert Song**
The notes on pages 8 to 22 form part of these financial statements.
Page 7
**THE EPIPHANY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **1. Accounting policies**
## **1.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Epiphany Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **1.2 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
## **1.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## **1.4 Government grants**
Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.
Page 8
**THE EPIPHANY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **1. Accounting policies (continued)**
## **1.5 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **1.6 Tangible fixed assets and depreciation**
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
Freehold property
-
2% Straight line basis
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
## **1.7 Investments**
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.
Investments in subsidiaries are valued at cost less provision for impairment.
## **1.8 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **1.9 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 9
**THE EPIPHANY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **1. Accounting policies (continued)**
## **1.10 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
## **1.11 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **1.12 Pensions**
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
## **1.13 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 10
**THE EPIPHANY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **2. Income from donations and legacies**
|Donations
Donations
Government grants|**Restricted**
**funds**
**2021**
**Unrestricted**
**funds**
**2021**
**£**
**£**
**139,906**
**49,930**
_Restricted_
_funds_
_2020_
_Unrestricted_
_funds_
_2020_
_£_
_£_
_132,426_
_127,224_
_-_
_1,430_
_132,426_
_128,654_|**Total**
**funds**
**2021**
**£**
**189,836**|
|---|---|---|
|||_Total_
_funds_
_2020_
_£_
_259,650_
_1,430_|
|||_261,080_|
## **3. Income from other trading activities**
**Income from non charitable trading activities**
|**Unrestricted**
**funds**
**2021**
**£**
Property income for Cayton Bay Lodge
**78,957**
_Unrestricted_
_funds_
_2020_
_£_
Property income for Cayton Bay Lodge
_6,060_|**Total**
**funds**
**2021**
**£**
**78,957**|
|---|---|
||_Total_
_funds_
_2020_
_£_
_6,060_|
Page 11
## **THE EPIPHANY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **4. Investment income**
|**Unrestricted**
**funds**
**2021**
**£**
Bank interest
**511**
_Unrestricted_
_funds_
_2020_
_£_
Bank interest
_1,935_|**Total**
**funds**
**2021**
**£**
**511**|
|---|---|
||_Total_
_funds_
_2020_
_£_
_1,935_|
## **5. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|Costs of charitable activities
Costs of charitable activities|**Restricted**
**funds**
**2021**
**Unrestricted**
**funds**
**2021**
**£**
**£**
**209,425**
**36,826**
_Restricted_
_funds_
_2020_
_Unrestricted_
_funds_
_2020_
_£_
_£_
_210,577_
_42,684_|**Total**
**funds**
**2021**
**£**
**246,251**|
|---|---|---|
|||_Total_
_funds_
_2020_
_£_
_253,261_|
Page 12
**THE EPIPHANY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **6. Analysis of expenditure by activities**
|Costs of charitable activities
Costs of charitable activities|**Activities**
**undertaken**
**directly**
**2021**
**£**
**219,658**
_Activities_
_undertaken_
_directly_
_2020_
_£_
_229,179_|**Support**
**costs**
**2021**
**£**
**26,593**
_Support_
_costs_
_2020_
_£_
_24,082_|**Total**
**funds**
**2021**
**£**
**246,251**|
|---|---|---|---|
||||_Total_
_funds_
_2020_
_£_
_253,261_|
## **Analysis of direct costs**
|Staff costs
Depreciation
CAI Projects
Educational grants
CCD Projects
Fundraising expenditure|**Charitable**
**activities**
**2021**
**£**
**17,254**
**5,020**
**177,672**
**18,384**
**947**
**381**
**219,658**|**Total**
**funds**
**2021**
**£**
**17,254**
**5,020**
**177,672**
**18,384**
**947**
**381**|
|---|---|---|
|||**219,658**|
Page 13
## **THE EPIPHANY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **6. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs (continued)**
|Staff costs
Depreciation
CAI Projects
Educational grants
CCD Projects
Fundraising expenditure
Anti-slavery project|_Charitable_
_activities_
_2020_
_£_
_23,057_
_1,674_
_173,619_
_3,760_
_19,966_
_2,103_
_5,000_
_229,179_|_Total_
_funds_
_2020_
_£_
_23,057_
_1,674_
_173,619_
_3,760_
_19,966_
_2,103_
_5,000_|
|---|---|---|
|||_229,179_|
## **Analysis of support costs**
|Management costs
Consultancy fees
Photocopier lease
Office costs
Telephone and internet
Stationery and postage
Bank charges
Other expenses
Independent examination|**Support**
**costs**
**2021**
**£**
**12,840**
**550**
**1,303**
**628**
**916**
**4,316**
**440**
**3,800**
**1,800**
**26,593**|**Total**
**funds**
**2021**
**£**
**12,840**
**550**
**1,303**
**628**
**916**
**4,316**
**440**
**3,800**
**1,800**|
|---|---|---|
|||**26,593**|
Page 14
## **THE EPIPHANY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **6. Analysis of expenditure by activities (continued)**
## **Analysis of support costs (continued)**
|Management costs
Photocopier lease
Office costs
Telephone and internet
Stationery and postage
Bank charges
Other expenses
Independent examination
Professional fees
Governance costs|_Support_
_costs_
_2020_
_£_
_12,651_
_1,302_
_995_
_1,689_
_3,113_
_642_
_1,512_
_1,980_
_180_
_18_
_24,082_|_Total_
_funds_
_2020_
_£_
_12,651_
_1,302_
_995_
_1,689_
_3,113_
_642_
_1,512_
_1,980_
_180_
_18_|
|---|---|---|
|||_24,082_|
## **7. Staff costs**
|Wages and salaries
Contribution to defined contribution pension schemes|**2021**
**£**
**16,611**
**643**
**17,254**|_2020_
_£_
_22,205_
_852_|
|---|---|---|
||||
|||_23,057_|
The average number of persons employed by the Charity during the year was as follows:
||**2021**|_2020_|
|---|---|---|
||**No.**|_No._|
|Employees|**3**|_3_|
No employee received remuneration amounting to more than £60,000 in either year.
## **8. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2020 - £NIL)_ .
During the year ended 31 December 2021, no Trustee expenses have been incurred _(2020 - £NIL)_ .
Page 15
**THE EPIPHANY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
|**NOTES TO THE FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2021**||
|---|---|
|**9.**
**Tangible fixed assets**
**Cost or valuation**
At 1 January 2021
At 31 December 2021
**Depreciation**
At 1 January 2021
Charge for the year
At 31 December 2021
**Net book value**
At 31 December 2021
_At 31 December 2020_
**10.**
**Fixed asset investments**
**Cost or valuation**
At 1 January 2021
At 31 December 2021|**Freehold**
**property**
**£**
**250,985**|
||**250,985**|
||**1,674**
**5,020**|
||**6,694**|
||**244,291**|
||_249,311_|
||**Investments**
**in**
**subsidiary**
**companies**
**£**
**1,000**|
||**1,000**|
Page 16
## **THE EPIPHANY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **10. Fixed asset investments (continued)**
## **Principal subsidiaries**
The following was a subsidiary undertaking of the Charity:
**Name Company Registered office or principal Principal activity Class of Holding Included in number place of business shares consolidation** Epiphany Trading Limited 03408884 St David's Holidays for disabled Ordinary **100%** Yes Park Road South people Newton le Willows WA12 8EY
The financial results of the subsidiary for the year were:
**Name Income Expenditure Profit/(Loss) Net assets £ £ / Surplus/ £ (Deficit) for the year £** Epiphany Trading Limited **444,732 405,732 39,000 323,539**
Page 17
## **THE EPIPHANY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **11. Debtors**
|**Due within one year**
Amounts owed by group undertakings
Other debtors
**12.**
**Creditors: Amounts falling due within one year**
Accruals and deferred income|**2021**
**£**
**43,040**
**17,892**
**60,932**
**2021**
**£**
**1,800**|_2020_
_£_
_43,040_
_17,892_|
|---|---|---|
||||
|||_60,932_|
|||_2020_
_£_
_1,800_|
Page 18
## **THE EPIPHANY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **13. Statement of funds**
**Statement of funds - current year**
|**Unrestricted funds**
General Funds
**Restricted funds**
Cana Foundation
Education and Research fund
Movement for Christian
Democracy fund
Child Action International fund
**Total of funds**|**Balance at 1**
**January**
**2021**
**£**
**613,432**
**27**
**27,674**
**-**
**-**
**27,701**
**641,133**|**Income**
**£**
**129,398**
**-**
**12,622**
**135**
**127,149**
**139,906**
**269,304**|**Expenditure**
**£**
**(36,826)**
**-**
**(24,595)**
**(7,158)**
**(177,672)**
**(209,425)**
**(246,251)**|**Transfers**
**in/out**
**£**
**(57,546)**
**-**
**-**
**7,023**
**50,523**
**57,546**
**-**|**Balance at**
**31**
**December**
**2021**
**£**
**648,458**|
|---|---|---|---|---|---|
||||||**27**
**15,701**
**-**
**-**|
||||||**15,728**|
||||||**664,186**|
Page 19
## **THE EPIPHANY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **13. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Unrestricted funds**
General Funds
**Restricted funds**
Cana Foundation
Education and Research fund
Movement for Christian
Democracy fund
Child Action International fund
**Total of funds**|_Balance at_
_1 January_
_2020_
_£_
_618,455_
_27_
_6,837_
_-_
_-_
_6,864_
_625,319_|_Income_
_£_
_136,649_
_-_
_31,212_
_9,580_
_91,634_
_132,426_
_269,075_|_Expenditure_
_£_
_(42,684)_
_-_
_(10,375)_
_(26,582)_
_(173,620)_
_(210,577)_
_(253,261)_|_Transfers_
_in/out_
_£_
_(98,988)_
_-_
_-_
_17,002_
_81,986_
_98,988_
_-_|_Balance at_
_31_
_December_
_2020_
_£_
_613,432_|
|---|---|---|---|---|---|
||||||_27_
_27,674_
_-_
_-_|
||||||_27,701_|
||||||_641,133_|
## **14. Summary of funds**
**Summary of funds - current year**
|General funds
Restricted funds|**Balance at 1**
**January**
**2021**
**£**
**613,432**
**27,701**
**641,133**|**Income**
**£**
**129,398**
**139,906**
**269,304**|**Expenditure**
**£**
**(36,826)**
**(209,425)**
**(246,251)**|**Transfers**
**in/out**
**£**
**(57,546)**
**57,546**
**-**|**Balance at**
**31**
**December**
**2021**
**£**
**648,458**
**15,728**|
|---|---|---|---|---|---|
||||||**664,186**|
Page 20
## **THE EPIPHANY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **14. Summary of funds (continued)**
## **Summary of funds - prior year**
|General funds
Restricted funds|_Balance at_
_1 January_
_2020_
_£_
_618,455_
_6,864_
_625,319_|_Income_
_£_
_136,649_
_132,426_
_269,075_|_Expenditure_
_£_
_(42,684)_
_(210,577)_
_(253,261)_|_Transfers_
_in/out_
_£_
_(98,988)_
_98,988_
_-_|_Balance at_
_31_
_December_
_2020_
_£_
_613,432_
_27,701_|
|---|---|---|---|---|---|
||||||_641,133_|
## **15. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
**Total**
**Analysis of net assets between funds - prior year**
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**2021**
**Unrestricted**
**funds**
**2021**
**£**
**£**
**-**
**244,291**
**-**
**1,000**
**15,728**
**404,967**
**-**
**(1,800)**
**15,728**
**648,458**
_Restricted_
_funds_
_2020_
_Unrestricted_
_funds_
_2020_
_£_
_£_
_-_
_249,311_
_-_
_1,000_
_27,701_
_364,921_
_-_
_(1,800)_
_27,701_
_613,432_|**Total**
**funds**
**2021**
**£**
**244,291**
**1,000**
**420,695**
**(1,800)**|
|---|---|---|
|||**664,186**|
|||_Total_
_funds_
_2020_
_£_
_249,311_
_1,000_
_392,622_
_(1,800)_|
|||_641,133_|
Page 21
## **THE EPIPHANY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **16. Pension commitments**
The charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £643 (2020 - £852).
Page 22