Registered Company No.. 3203917
The Christian Conference Trust
Consolidated Annual Report and Financial Statements
for the year ended
31 sl October 2022
Registered Charity No: 1056604
seNing the Christian family, with beautiful venues
and great hospitality, to see ministry flourish

The Christian Conference Trust
Trustees, Annual Report
Forthe year ended 31st October 2022
Contents
Page
Referen¢e and Administrative details of the Charity, ils trustees and advisers
Trustees, Annual Report lincluding Strategic Report)
Statement of Trustees. Responsibilrties
Independent Auditorfs Report
Consolidated Statement of Financial Activities lincorporaling a consolidated income and
expenditure account)
Balance Sheets
14
Consolidated Cash Flow Statement
15
Notes lo the Financial Slalemenls
16
Pag1 1
T￿chil¥ban ConfeierteTrusl Annu￿ FgPQrtJnd Fin￿¢1￿ Sl¥temgrt$ 2021122

The Christian Conference Trust
Trustees, Annual Report
For the year ended 313t October 2022
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES
AND ADVISERS
Legal Status
The Christian Conference Trust 1.the Trusy'l is a registered charity Iregistralion number 10566041 and is
conslituled as a company registered in England and Wales and limited by guarantee (Tegislralion number
32039171.
Trustees
Elected by member5'.
Michael Page (Chair)
Hayley Beckett
Peter 8rierley
David Evans
Dionne Gravesande
Michael Kinton
Andrew Lucas
Nicholas Myers (from 7 April 2022}
Michael Quanlick
Bankers
Barclays Bank plc
Third Floor Office
2 High Slfeel
Nottingham
NG12EN
Auditor
Moore Kingston Smith LLP
9 Appold Street
London
EC2A 2AP
Registered Offlce
The Christian Conference Trust
The Hayes Conference Centre
Hayes Lane
Swanwick
Alfrelon
Derbyshire
DE55 1AU
Senior Management
John Heasrnan
Ch￿f Executive
Lorna Page
Finanee Director
Mark Rowe
Sales & Marketing Director
Heather Thomas
Operations Director
T￿ChIl￿￿on Confe￿n¢tTrul$AnTrU￿I RÈpMand Fin￿rIal &*•Thents20?112Z

The Chfislian Conference Trust
Trustees, Annual Report
For the year ended 31 St October 2022
STATEMENT OF FAITH
The Trust's Statement of Faf(h is "Ime confess the Lord Jesus Christ as God and Savtour and seek lo fuffil
mylour calling to the glory of one God.. Father, Son and Holy Spirit.
OBJECTIVES
The principal objective of the Trust, as slated in its Memorandum and Articles of Association, is that of
promoting the Christian faf(h by providing facilities to Christian groups al ￿$$ than the commercial rate for
conferences, retreats and meetings. This is achieved by reinvesting the annual net surplus of the organisalion
so as lo continue to improve and develop the facilities available to guests.
The Trust runs cenlres for residential and day conferences. There are currently two centres." The Hayes in
Derbyshire and High Leigh in Hertfordshire
Each of our centres has 8 rich Christian legacy wrth which many of our groups are connected. As the charty
is non-denominational in outlook we aim lo provide inclusive, safe, comfortable and welcoming places of
conference and prayerwhere. in the words of one ofour founders."all Christians might meet and take counsel
together about the affair5 of the kingdom of Gtsj. We pul this into effect by".
seeking God's leading for the Trust in all that we do..
organising ourselve5 to meet our guests. requirements, rather than expecting them to meet ours,.
striving lo treat our guests as we would wish lo be treated..
valuing each member ofstsff, providing them with support and Ifaining as necessary, Offering employment
on the basis of a mutually beneficial relationship, and recruiting in the expectation that the Trust's Christian
ethos will be honoured and promoted..
empowering and encouraging each member of staff to tske decisions th81 improve or enhance each
guest's experience of our cenlres.,
playing our part as an interested and concerned corporate ei(vzen in each community where we operate.
The Trust additional￿ provides hospi(ality and conference fa¢ilrties al each of the cenlres lo charrties that are
not primarity Christian, lo health organisalions, schools and educational trusts, and local businesses through
awholly owned subsidiary company, First Conference Eslale Ltd. All taxable profits ofthe subsidiary are gifted
over to the Trust.
PERFORMANCE AND ACHIEVEMENTS
We thank G¢xl that our cenlres were open for the whole trading year for the first time since 2019, and our
performance for 2021122 was materially improved following the pandemic, wrth guest numbers and income
back lo pre-pandernic levels and demand for Christian conferencing at unprecedented levels.
During the period we celebrated the Centenary of our High Leigh centre with a number of events through the
course of 2022. We thanked God for his blessing on the Centre Sin￿ 1922 and recommrtted our ministry lo
him for the next one hundred years.
We completed a million-pound lower project al High Leigh during the period. which was officially opened by
the Bishop of St Albans in April 2022. The new tower houses a large passenger lift which enables all our
guests to access our firsl-floor meeting r¢Joms. Within this project we also undertook the major refurbishment
of these firsl-floor rooms which afftird stunning views over our fomal gardens.
In May 2022 we launched The Hayes as an official 'Partner-in-AcliDn" wf(h A Rocha UK, the Christian
environmental and conservation charty, with the event officiated by the Bishop of Replon. We have made
good progress in 'creation care. during the year with investments in our environment and biodNersily, not
least through the Introduction of colonies of bees at The Hayes.
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The Christian Conference Trust
Trustees, Annual Report
For the year ended 31st October 2022
After a Ihree-year strategic review into the future direction of the charity, we closed our smaller residential
cenlre, Belsey Bridge in Norfolk, at the end of October 2022. We need lo ensure that our venues are of the
right size. quality and location lo benefit as many Christians a5 possible. Our two larger conference centre5,
High Leigh and The Hayes are very well located bul we iecognised that the church landscape is changing in
the UK and it was not viable lo continue lo support Belsey Bridge in a post-pandemic environment.
We are blessed with a committed and servanl-hearted stsff team. many of whom live in the Iwal ¢(xnmunty
in which each of our cenlres are located. During the year we launched our Pathways programme which will
enable staff lo shape their own career path in hospitality, whether with the Trust or elsewhere.
We achieved 98,000 visitor nights for the year12020121".31,OOQI the vast majority of which were attributable lo
churches and Christian groups as we continue to deliver the principal objective of the charty by being able to
provide these groups with the benefit of charges al less than the Commercial rate.
During the period, 5712020121'.91 Christian conferences were able lo benefrt from bursary funding, with £38k
12020121'£6kl being awarded to those in particular need of addilw)n81 financial support.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Corporate governan￿ is as relevant in the charitable sector as rt is in the commercial world. The twstees of
the Christian Conference Trust aim lo have high standards of accountability as well as a proper and ethical
Performan￿ of Iheii duties.
During the year the Board and ils three commrttee5 met regularly, both face-to-fa¢e and by vide(Trconference.
CCT govefnance arrangements
CCT is a registered charity Iregistrat￿n ntsmber 10566041 and is constituted as a ¢ompany registered in
England and Wales and limrted by guaranlae Iregislration number 32039171. Its objects and powers are set
out in ils Memorandum and Articles of Association, most recently revised In 2021.
The trustees of the charity are the directors of the company and known as the Board. The Board meets quarterly
and is responsible for the strategic decisions of the company. having regard lo advice from senior management.
Day lo day operational decisions are made by senior management. The Chair and Chief Executive are in regular
contact between Board meetings.
The composition of the Board is as follows..
The Board Comprises a minimum of four and a maximum offifteen trustee$.
Trustees serve for four-year terms and no trustee can serve for more than three ¢onwulwe full terms
without a break of al least twelve months.
hile five Christian charities each have a right to nominate a Iruslee, none have done so in recent years
and three have indicated that they will not do so in the future.
Other Iruslees may be nominated for election by any member of the Trust. Trustees may also recommend
individuals for election.
Eligibility for election requires subscription lo Ihe Trust's Statement of Faith and musl be either a member
of an organi5alion which is a member of the Trust, or an individual who is a member of the Trust.
AppTopriale training is provided for new and existing trustees as required.
The narnes of the trustees who have served on the Board during the year and up lo the dale of signing are
shown on page 2. Nicholas Myers was elected by the members for a first tem) of four years in April 2022.
Following a review of the organisalion's governance and the provisions of the Charty Governance Code. the
trustees appointed three independent non-execulwe directors to rts trading subsidiary in 2020.
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The Christian Conference Trust
Trustees, Annual Report
For the year ended 31 St October 2022
There are three Board commrttees." Audit & Compliance. Estates and Health & Safety, Sales & Marketing, each
having specific terms of reference and functions delegated by the Board.
Management Structure
The Chief Executive is responsible to the 8oard for the overall management of the Tru51'5 affairs, leading the
Senior Leadership Team which comprises the Operations Director, Finance Oirector and Sale5 & Marketing
Director.
The current Senior Leadership Team brings a breadth of experience lo the Trust from prevBJus roles in the
commercial, public and charitable sectors. including the hospitality and conferencing industries.
The Chief ExecutNe is a non-execulive trustee of three other unconnected Christian chartties. This
involvement with other Christian organisalions enables the sharing of best practice in leadership and
governance for the benefrt of the Trust.
Senior Management Remuneration Pollcy
The Trust is committed to ensuring we pay our staff fairly and in a way which ensures we attract and relain
the right skills to have the greatest impact indelivering our charitable objectives.
The Audit & Compliance Committee also acts as a Remuneration Committee which meets al least annually. The
Committee reviews senior management pay against an established independent salary survey and ensures
salaries remain competitive wrthin the sector in which the Trust operates.
Staff
The work of the Trust relie5 on the commitment and hard work of valued staff. Whilst the decision-making
processes within the organisation incorporate consuf(alions between the lines of management, communication
links with staff are maintained by the Senior Leadership Team, through general staff meetings, departmentsl
briefings or discussDns with individuals.
The Board recognises that, under God's leading, the success of the Trust Is due in no small part lo the continuing
efforts of the highest order by everybody who works for the Trust, whether they have front line contact with our
guests or are lucked away in a behind the scenes role. The Board wants lo publiclyacknowledge the great job
that has been done by the whole Trust family over the past year". thank you for all you do.
Directors, indemnities
The Company has made qualifying indemnity provisions forthe benefit of ils directors which wefe made during
the year and remain In force at the dale of this report.
Relatad Parties
The Christian Conference Trust has a wholly owned subsidiary, First conferen￿ Eslale Ltd. During the year a
management charge of £1.3m12020121 £0.9ml was made from the Trust to the subsidiary company.
Public Beneflt
The Trustees confirm they have referred lo the guidance contained in the Charity Commission's general
guidance on public benefi't when reviewing the Trust's aims and objectives and in planning future aclivilies.
The trustees ensijre that prices are kept as affordable as possible, whilst still ensuring there are sufficient funds
for maintaining and improving the facilities offered. They also recognise that those on low or no income may
find il difficult lo attend conferences. To assi51 such delegates, the trustees have established a bursary fund
wh￿h re￿iVeS five per cent of the Trust's surplus each year. Conferences may apply for bursaries lo
supplement their own funding of a booked event. The actual amount granted Is al the discretion of the Chief
Executive lo ensure as many conferences as possible can benefit from the fund. The scheme continues to be
monitored to ensure it is achieving rts objectives.
Page S
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The Christian Conference Trust
Trustees, Annual Report
For the year ended 3151 October 2022
Fundraising Regulations Statement
Under provisions of section 13 of the Charrties Act, the disclosure of fundraising practices is required. Thi5
provision is not applicable for The Christian Conference Trust given the Charity does not a5 a rnatter of course
partake in fundraising activities therefore no corresponding fundraising income is raised.
Investment Policy
The trustees have the authority conferred by the Articles of Association of the Charity to invest monies not
immediately required in such investments as they think frt.
PRINCIPAL RISKS AND UNCERTAINTIES
The trustees have previously given consideration lo the major risks that the group is exposed to and prepared
risk register. As part of this process, they have assessed the likely level of impact such risks pose on the
organisalion. The principal risk the Iruslees believe the Ofganisation faces is that of damage lo its reputation
which could substsnlially affect bookings. Mea5ure5 have been tsken to prevent this, including the
appointment of a senior manager with Health and Safely responsibilities, thereby reducing the risk of
repulalional damage occurring, as a result of a failure lo implement appropriate standards, pr￿esSeS, controls
and prevenlalive measures around fcN)d safety, fire safety, legionella control and the general hea￿h and safety
of guests and staff. The Eslales and Health & Safety Committee considers the intemal controls already in
place for all health and safety risks and risks lo buildin9s, Idenlify1ng key areas which require action lo be
taken. In addition, the Aud11 & Compliance Committee is ￿sponsible for reviewing financial internal controls
and covering other risks by insurance. The trustees undertake this process on a regular basis to ensure the
operations of the group are adequately protected against the risks il faces in achieving its main objeclwe5.
The Iruslees monitor internal control through the regular review of the financial position and the control
environrnenl. The Trust operates a comprehensive annual planning and budgeting system. Any sunificanl
changes to those plans are subject lo specific approval. The financial repK)rting system compares ￿su11$ wrth
the plan on a monthly basis.
Going Concern
The financial slalemenls are prepared on a going concern basis which assumes the Trust will continue in
operational existence for the foreseeable future. Forecasts have been prepared under various trading scenarios
for the twelve months from the dale of approval of these financial slalements and based on these and the level
of reserves available, the trust￿S have concluded there is no material uncertainty as to the Charity's ability lo
meet ils liabilities as they fall due. Accordingly. the trustees continue to adopt the goin9 con￿rn basis in the
preparation of the financial slalemenls.
FINANCIAL REVIEW 2021122
Income
Total income was £7.1 m12020121.. £3.3ml. Overall, the Trust incurred an annual deficit of £0.1m12020121'.
£0.9ml after £0.3m eX￿PIlonal costs relating to the closure of Belsey Bridge. Before taking into account these
exceptional closure costs the Trust generated a surplus of £0.2m12020121.. deficit £0.9ml.
Expenditure
Total expenditure for 2021122 amounted lo £7.2m12020Q1". £4.2ml. including £0.3m in relation to the closure of
Belsey Bridge.
Reserves Pollcy and Flnanclal Position
As sh¢)wn in the group's balance sheet on page 14. the total funds at the end of the year amounted lo £10.5m
12020121.. £10.6ml representing unreslricled funds of £10.5m12021122." £9.7ml and restricted funds of £nil
12020121.. £0.9ml. Of these funds, £0.8m 15 freely available to spend12021120.' £0.6ml, representing available
cash balances net of deposits for future conferences. The Trustees continue operations in such a way that
there will be a buffer. currently of al least £0.5m, between uncommitted cash and agreed overdraft facilities lo
cover unknown contingencies and events.
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The Christian Conference Trust
Trustees. Annual Report
For the year ended 31st October 2022
PLANS FOR THE FUTURE
Demand for residential conferences at our cent￿S is extremely strong and we are actively exploring how the
Trust can extend ils presence in the Christian residential sector. We are grateful lo God that we have a
sustsinable operating model which requires no support lor day to day operating expenses. We are prayerful
approaching those who the Lord has blessed malefially who are able to support our vision for inorganic growth
lo fund the acquisition of additional cenlres. We are specifically looking for new properties in the Soulh-Easl
and Midlands where the church is growing. with good road and rail access fiom major urban areas.
We recently published our first Impact Report which will be made available lo guests and supporters during
2023. Our charitable object is lo promote the Christian faith and we want to explain lo all those associated
with our organisalion how we are doing that and our plans for the future.
As we continue our journey of environmental slew8rdship we will be launching High Leigh as a Partner-in-
Action with A Rocha UK in May 2023. During the year. we will complete a detailed carbon footprint
assessment which will enable us lo sel Challenging bul realistic carbon reduction targets. including further
investment in renewable lechnolDgies and sustainable sourcing including the elimination of single-use
plastic.
We have a number of refurbishment projects planned for 2022123 which are part of a commitment lo
continuous improvement 8t our cenlres. We value each and every one of our guests and we want their
experience of residential ministry lo be a real blessing as we invest in our facilities for their benefrt.
A$ we invest in our buildings and facilities we remain committed lo investing in our people loo, recognising
that a motivated and engaged staff team enables us to best serve our guests.
TRUSTEES, STATEMENT OF RESPONSIBILITIES
The Iruslee5 (who are also d1￿CtOrS of The Christian Conference Trust for the purposes of company lawl
are responsible for preparing the Truslees'Annual Report and the financial statements in accordan￿ with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practi￿1, including FRS 102 'The Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland"
Company law requi￿$ the trustees lo prepare financial statements for each financial year which gNe a true
and fair view of the state of affairs of the charitable company and the group and of the incoming resource5 and
applicalion of resources, including the income and expendrture. ol the charitable group for that period. In
preparing these financial slalemenls, the Iruslees are required lo..
select sui(abb accounting policies and then apply them consistenlly',observe the methods and principles
in the Ch8rf(ies SORP.,
make judgements and eslimales that are reasonable and prudent.,
stale whether applicable accounting standards have been followed., and
prepare the financial statements on the going concern basis unless rt is inappropriate lo presume that
the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records which disclose with reasonable
accuracy, at any lime, the financial position of thecharitable company and enables them lo ensure the
financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the
assets of the charitable company and the group and hence, for takin9 reasonable steps for the prevention
and detection of fraud and other irregularrties.
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The Christian Conference Trust
Trustees, Annual Report
Forthe year ended 31sI October 2022
In so far as the Iruslees are aware..
there is no relevant audit information of which the charitable company's auditor is unaware,. and
thetruslees have taken all steps that they ought lo have taken to make themselves aware ofany relevant
audit information and to establish that the auditor is aware of that information.
The trustees are re5ponsib￿ for the maintenance and inlegrrty of the charity and financial information
included on the charity's websi(e. Legislation in the United Kingdom governing the preparation and
dissemination of financial slalemenls may differ from legislation in olherjurisdictions. This report satisfies the
requirement for a directors. report as required by company law.
The Trustees. Report, including the Strategic Report, was approved by the Board and signed on f(s behaff by-.
Michael Page
Chair
13 April 2023
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The Christian collferen￿ Trust
Independent Auditors, Report to the Members of The Christian Conference Trust
For the year ended 31st October 2022
Opinlon
We have audited the financial slalemenls ol The Christian COnfe￿nce Trust for the year ended 31 $1 October 2022
which comprise the Group Slalemerit of Financial Activities Incorporating an Ineome and Expenditure Account,
the Group and Parent Charitable Company Balance Sheets, the Group Cash Flow Slalemenl and notes lo the
financial stalemenls. including a summary of significant accounting policies. The financial reporting frarnework
that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republi¢ of Ireland
Iunited Kingdom Generally Accepted Accounting Praclicel.
In our opinion the financial stslemenls..
g1ve a true and fair view of the stale of the group's and the parent charitable company's affairs as a13151
October 2022 and of the group's incoming resources and application of resources, including ils income
and expenditure, for the year then ended.,
have been properly p￿pared in accordance wrth Uni(ed Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in a￿Ordance with the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing IUKI (ISA$lUKII and applicable
law. Our responsibilities under those standards are further described in the Audrtor's Responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant lo our audit of the financial slalemenls in the UK, including the
FRC'S Ethical Stsndard. and we have fuFfilled our other ethical responsibilf(ies in accordance wiltt these
requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis
for our opinion.
Conclusions relating to golng concern
In audrting the financial slalemenls, we have concluded that the Iruslees. use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not Identified any material uncertainties relating lo events or
condrtions that, individually or collectivety, may cast significant doubl on the charitable company's ability lo
continue as a going concern for a period of at least twelve months from when the financial statements are
aulhorised for issue.
Our responsibilities and the responsibilit￿$ of the Iruslees with respect lo going wn¢ern are described in the
re￿vant sections of this report.
Other information
The other information comprises the information included in the annual report, other than the financial statements
and our auditor's report thereon. The Iruslees are responsible for the other information. Our opinion on the
financial statements does not cover the other Information and, except to the extent otherwise explicitly stated in
our report. we do not express any fomi of assurance conclusion thereon.
In eonnection wf(h our audit of the financial stalemenls, our responsibility is lo read the other information and, in
doing 50, consider whether the other information is materially inconsislenl with the financial stslements or our
knowledge obtained in the audit or otherwise appears lo be materially misslaled. If we identify such material
inconsistencies or apparent material misslalement5, we are required lo delemine whether there is a material
misstatement in the financial statements or a material misslatemenl of the other information. If, based on the work
we have performed. we Conclude that there is a material misstatement of this other infomialion, we are required
to report that fact.
We have nothing to report in this regard.
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The Christian Conference Trust
Independent Auditors, Report to the Members of The Christian Conference Trust
For the year ended 31st October 2022
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the trustees. annual report for the finaneial year for which the financial
ststements are prepared is consistent with the financial slalemenls", and
the trustees, annual report have been prepared in a¢cordan¢e with applicable legal requirements.
Matters on which we are required to report by exceptlon
In the light C>f the knowledge and understanding of the group and parent charitable company and their environment
obtained in the course of the aijdil, we have not Identified material misstatements in the trustees, annual report.
We have nothing to report in respect ofthe following matters where the Companies Act 2006 requires us lo report
lo you if. in our opinion..
the parent charrtable company has not kept adequate and sufficient accounting records, or returns
adequate for our audit have not been received from branches not visited by us., or
Ihe parent charitable company's financial statements are not in agreement wf(h the accounting
records and returns., or
certain disclosures of trustees, remuneration specified by law are not made., or
we have not received all the infofmation and explanations we require for our audit.
Responsibilities of trustees
As explained more fulty in the trustees. responsibilities slalemenl sel out on page 7, the trustees (who are also
the directors ol the charitable company for the purposes of company lawl are responsible for the preparation of
the financial statements and for being satisfied that they give a true and lair view, and for such internal control as
the trustees delemine is necessary to enable the preparation of financial slalemenls that are free from material
mi5slalement, whether due to fraud or error.
In preparing the financkgl slalemenls, the trustees are responsible for assessing the group and parent charitable
company's ability lo continue as a going concern. disclosing, as applicable. matters related to going concern and
using the going concern basis of accounting unless the Iruslees erther intend lo liquidate the group or parent
¢haritable company or lo cease operations, or have no realistic a￿ernative but lo do so.
Audltorfs responsibilities for the audit of the financial ststements
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free
from material misstalemenl, whether due to fraud or error, and lo Issue an auditor'5 report that includes our
opinion. Reasonable assiJran¢e is a high ￿Ve1 of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will a￿ayS detect a material misslatemenl when rt exists. Misstatements can arise
from fraud or error and are considered material rf, individually or in aggregate, they could reasonably be expected
to influence the economr decisions of users taken on the basis of these financial slalemenls.
As part of an audit in accordance with ISAS {UKI we exercise professional judgement and maintsin professional
sceplicism throughout the audit. We also..
Identfy and assess the risks of material misstatement of the financial stalemenls, whether dtje to fraud
or error. design and perform aLJdit procedures responsive lo those risks, and obtain audit eviden
that is suffi¢ienl and appropriate lo provide a basis for our opinion. The risk of not detecting a rnaterial
misstalemenl fesulling from fraud is higher than for one resulting from error. as fraud may involve
Ilusion, forgery, intentional omissions. misrepresentalK)ns, or the override of inlemal control.
Obtain an understsnding of internal control relevant to the audit in order lo design audi( procedures
that are appropriate in the circUmstan￿s, bul not for the purposes of expressing an opinion on the
effediveness of the group and parent charitable company's internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disc105ures made by the Iruslees.
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The Christian Conference Trust
Independent Auditors, Report to the Members of The Christian Conference Trust
Forthe year ended 31st October 2022
Conclude on the appropriateness of the Iruslees, use of the going concern basis of accounting and,
based on the audit evidence obtained, whether a material uncertainty exists related lo event5 or
conditions that may cast 51gnificanl doubl on the group and parent Charitable company s ability lo
continue as a going concern. If we conclude that a material uncertainty exists, we are reqLJired to draw
attention in our auditor's report to the related disclosures In the financial slalemenls or, if such
disclosures are inadequate, lo modify our opinion. Our conclusions are based on the audit evidence
obtained up to the dale of our auditor's report. However, future events or conditions may cause the
group or parent charitable company lo cease to continue as a going concem.
Evaluate the overall presentation, structure and conlenl of the financial slatemenls, including the
disclosures, and whether the financial statements represent the underlying transactions and events in a
manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial informalL)n of the entities or business
activities wrthin the group lo express an opinion on the consolidated financial ststements. We are
responsible for the direction, supervision and performance of the group audit. We remain solely
responsible for our audit report.
We communicate with those charged with governance regarding. among other matters, the planned scope and
timing of the audit and signfficant audit findings, including any signrficant deficiencies in internal control that we
identify during our audrt.
Explanatlon as to what extent tho audit was consldered capablo of detgcting irregularities, including fraud
Irregularrf(ies. including fraud. are instance5 of non-cornpliance with laws and regulations We design procedures
in line with our responsibilrties, outlined above, lo delect material misstalemenls in respect of Irreg￿larit[eS.
including fraud. The extent to which our procedures are capable of detecting irregularities. including fraud is
detailed below.
The objectives of our audit in respect of fraud, are.. to identify and assess the risks of material mi55talement of the
financial statements due lo fraud," to obtain sufficient appropriate audit evidence regarding the assessed risks of
material rnisstatemenl due lo fraud, through designing and implementing appropriate responses to those
assessed risks,. and to respond appropri*ely to instances of ffaud or suspected fraud Identified during the audit.
However. the primary responsibility for the prevention and detection of fraud rests with both management and
those charged with governan￿ of the charitable company.
Our approach was as follows".
we obtained an understanding of the ￿gaI and regulatory requirements applicable to the charitable
company through the use of permanent audit file information. updated this year for any changes that have
been identified by management or by our own investigations and considered that the most Slgnificanl are
the Companies Act 2Q06, the Charities Act 2011, the Charty SORP, and UK financial reporting standards
as issued by the Financial Reporting Council.,
we obtained an undeislanding of how the charitable company complies wf(h these requirements by
discussions with management and those charged with governance.
we assessed the risk of material misslalemenl of the financial stslemenls, in¢5uding the risk of material
misstatement due lo fraud and how il might occur, by holding discussions with management and those
charged with governance.
We inquired of management and those charged wrth governance as to any kn¢)wn instsnces of non-
compliance or suspected non-compliance wf(h laws and regulations.
Based on this understanding, we designed specffic appropriate audfc procedures to identify instances of
non-complian￿ with laws and regulations. This included making enquiries of management and those
charged with governance and obtaining additional corroborative eviden￿ as required.
Pw11
Th8¢hristian CotrfereneeTN$tAnnU￿ Repcrftand FIDancial si*•monts 2021122

The Christian Conference Trusl
Independent Auditors, Report to the Members of The Christian conferen￿ Trust
For the year ended 31st October 2022
There are inherent limitations in the audit prO￿dureS described above. We are less likely lo become aware of
instances of non-compliance with laws and regulations that are not closety related lo events and transactions
reflected in the financial slalemenls. Also, the risk of not delecling a material misslalement due to fraud is higher
than the risk of not detecting one resulting from error, as fraud may involve delibe￿Ie concealment by. for
example, forgery or intentional misrepresentations, or through collusion.
Use of our report
This report is made solely lo the charitable company's members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charitable
company's members those matter5 which we are required to stale lo them in an auditor's report and for no other
purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility lo any paty other than
the charitable company and charitable company's members as a body, foi our audit work, for this report, or for
the opinion5 we have formed.
LLF
Date 20 April 2023
Andrew Stickland Isenior Ststutory Audltorl
for and on behalf of Moore Kingston Smith LLP, Slalutory Auditor
9 Appold st￿et
London
EC2A 2AP
PtyB12
The Chriwiai Conl•renwTtust Annud FleWt5￿ Fin￿0￿1 $I￿e￿O￿l2021122

The Chrlstlan Conference Trust
Consolldated Statement of Flnanclal Actlvities
(Incorporating an Income and Expenditure Accounti
For the year ended 31st October 2022
Unroitrlctod
Fund8
R￿t￿¢t0￿
Fund$
Total
2022
Totsl
2021
Income from..
Don8lh)ns
Charilabk actwrt*s
Other trading xINi1￿S
Govemmenior8nts
940.506
1.383.512
688.552
303.501
5,506,646
1,595,545
5,506,646
1.595,545
Totsl In¢on
7,102,191
7.102,191
3.316,073
Expndltur• oth
Raisw fvnds
123,549
123.549
65,867
Chaiitabk actr¥￿"es'.
Ongory charitab* a￿￿￿e5
6,775,928
6.775.928
4.149.491
Net Income I IExwdthJfÈl befow exceplonal costs
202,714
202,714
1899.2851
E¥ceplion81 Costs.. Belsey Bridge closure
295,376
295,376
Total expfrndttu
7.19{853
7,1•4,853
4,21S,3S8
Net (Expendltuvel forthe yeav before trallsfèr8
192,662
192.6621
1699,2151
Tfansfers b8fv+eenfvnds
940.000
1940,0001
Net movement in fundi
847,338
1910.QQOI
1898.20SI
Ra¢on¢lllaUon of fut)d•
Funds broughtforward
18
9,695.862
940.000
10.635.862
11.53S,148
Tolal fundB cath•d forward
18
10.$43.200
10,543.2QQ
10,635.662
The 51aletnenl offinanual a¢livthes indudes all galns and lo$se5 recognised in the year.
l irbcome alld expenditure derNes from continuing actiyflies.
The attompanying Mtes lomi part of these financK41 staternents
2022
2021
Net Income I (Expenditure) the year before eXcept￿n￿l costs
Excepffional Costs. Belsey 8rfdge d05ure
202,714
1295.3761
1899.2851
14•tlExwndltur•l lorth• yoar •ft¥r •xcoptlrJnal costs
1899,28SI
Nel In￿Tre.. The Twsl generated 3 surplus o1£0.2m12020121." def￿tt £0.9ml, before tsking into accoLntex¢epiion81 costs reL*bno to the
of BeL%ey Brhyge, leadlng 10 an overall annual de￿1 of £0 Im12020r21.. É0.9rn1 forthe frusl.
The Christian Confe￿n￿ Trust i Annual Reportand Financi81 Statements 2021r22
Page 13

The Christian Conference Trust
Balance Sheets as at 31st October 2022
Group
Char
2022
2021
2022
2021
Fixod assets
Tangible assets
Investment in subsidiary
12,161,374
12.045.463
12.161.374
110.358
12.045,463
110,358
13
12,161.374
12,045,463
12,271,732
12.155.821
Curront A880ts
Slock
Debiors
Cash and Bank
36.249
592.270
2,490.448
10.463
539,239
2,513.397
14,084
1,521.935
734,978
7.926
944,377
1.668.622
14
3,118,967
3.063,099
2,270,996
2.620,925
Creditors.. amounts falling due vilhin one year
15
12,953,534)
12.41e.5831
12,350.4301
12.153.491)
Nèt CurrèntAsstrtsl Illabllttle81
165,433
646.516
179.4341
467.435
Total A880ts1088 Curront Llabllltlo5
12.326,807
12,691.979
12.192,298
12.623,255
Creditors." atnounts falling due after on? year
16
11,783.6071
12,056.1171
11.699.319)
12.037,6051
Net A8sets
10,S43,200
10.635,862
10,492,979
10,585.650
Rapr8s&ntod by:
Unreslricled fund5
Restricted funds
10.S43.200
9,695,862
940,000
10.492.979
9.645.650
940,0
Totsl fund8
10,543,200
10.635,882
10,492,979
10,585,650
The defirii for Ihe financial year deam ¥Mlh in the finanoal 5ts1emen15 of Ihe parent charitable company atnounled to £92.68212020121. £899,285).
The 8tt0mp8nwrvJ notes fom part ofthese finanLyal 5tatemen15
The finanoal staierr*nts of The Chnslian Conference TNst. ￿lstered number 3203917 approved by the Board of Trustees and authoriseo for
155ue on 13th Apnl 2023 and sigr*d on Ils behalf by..
Michael Page
Chair of Truslees
Company nurn￿r. 10S6604
The Christian Conference Trust i Annual Report and Financjal Stslemen15 2021Q2
Page 14

The Christian Conferen¢0 Tru$t
Consolidatod Statgmant of Cash Flow
For the year ended 31st October 2022
2022
2021
Not&
N•tea$h flows provSdod by oporntSng •¢tlvrtlos
1.122.822
528.494
Cash Ilows from Invosting a¢ti¥ltie•
Inveslrnenl Incorne
Purchases of property, plant and 84uipff*nl
{663.6571
1510.0391
Net cash {used In} Invo8Uny a¢tlvrtl08
1683,6571
1510,0381
Cash flows Irom financing activ￿*$..
Interest paid
Cash Inlkms froTD bming
Repayment of borrowings
160,4481
13,0001
500,000
130,0001
1401,6671
Net ca8h Iusod lThl I provlded by finaThclng acUvities
1462,1151
407,000
ehange in cft$h And ca¥h equivalents in the reporting ptrriod
122.9501
485.456
Cash and eash equivalonts at th8 1)oglnnlng of
the reporting ppriod
2.513.397
2.027.941
h and ¢•gh equSv•Sents attho end of
the ￿pOrting period
2.490.447
2,S13.397
A.. Anal $18 of ¢a$h and ¢a8h •
ulvalon
2022
2021
Cash in hand
Cash at Bank
Cash In notice deposits
400
2,486,098
3,950
2.47S
2,505,972
4.950
T¢t¥l cssh and cash equivalents
2,490.448
2.513.397
At boglnnlng of
e4shflow
Other
movomonts
At end of year
Cash
2,513,397
122,9501
2,490,447
Loans falling dutwilhin one year
L(￿r6 falling due after mwe than one year
1401,6671
11,868,333}
401.667
1460,0001
460,OCK)
1480,0001
11,408,333)
Totsi
243,39T
378.717
622.114
The CttrEtran conferen￿ TnJ511 Annual Rewtand Finanoial Slaletnenls 2021122
Page15

Thg Christian Conference Tiust
Notes to the Financial Statements
For the yoar endgd 31st Octobgr 2022
Accounting PoliciB
coM￿nY and cha￿￿b￿l $tstus
The Christyan Conlerence Trusl, a publ￿ benefit entity, is 8 registered tharify in EnoL8nd and Wales Inumber 105660418nd is Incorpor8ted In England
and Wa￿$ as a company limited by guarantee not having a share captsl (company number 32039171. tt 15 goveTned ty ils Mefflorandum and ArtKles
of A5soci8tion and at the year end there were 17 membefS12020f21 171 who were each lIab￿ lo conlnbule £1 In the event of the company being
wourKI up. The Chaity has adapted the CompanEs Acl fO￿ts lo rellecl the charit￿5 SORP and the speckpl nature ofthe Charbty's act￿1￿?8.
Basis ol accounting
The financial siaiemeni$ have been prepared under the hL41orical cost convention and in accordance with the Compallie5 AGt 2006. the CharilEs kt
2011 and the Stslemenl of Rec￿￿Mended Practre appI￿ats18 to ¢hadl*S preparing thelr accounts In aw(tance with the Finanaal Reporting
Standard in the UK and Republic of Irekqnd IFRS 1021. effectNe 1 January 2019 The group is a publi bentrfft entity as d8fined by FRS 102.
The ststsment of Financ44 AclNities ISOFAI and 8alance Sheet cofisolidaie the finanoal statsmonts of the parent charrtable company and tts
sUbsKI￿ry undertaking The resuhs of th& subsidkqry are consolidated on a line by line basi%
The financ￿1 51alements are prepared in slerlino. which is Ihe functionl currercy of the group and charity Monetary amounts in these fina￿￿1
stabments are rwnded to nearest PDund.
Going concern
The finanual slalements a￿ prepared on a goiw concem basls whth assumes thai the Charity wlll continue In operalh?nal existence for the
foresee8￿e future. FO￿¢85￿ have been prepared undervarK)U5 trading Scenarios fDr the l¥Yelve tnonlhs trom tha d8ts of approv81 of these financMI
statements and basets on these and the level of reseNes 8vailab￿, the trustees have uncluded that there Is no material Un￿rtaInty a5 10 Ihe Charws
abilty to meet its Ikqbililies as Iheyfall due. Accordingty Ihe Iruslees continue 10 adopithe 90ing ¢on¢em ba*s in the ￿epara¥On of the finanoal
siaiemenls.
Baxls of ¢on601ha•Uon
Group financ&?1 staternefjts have been prepared In respect of The Christian Conference Ttust arKJ Ils wholty owned sub51diary. First Conferertts Esiattr
Ltd These finanual Stateme￿tS have been consolidated oth a line by line basis and the resutts of the sub￿01¥ry undertaking are disclosed in Note 5
As by SectK)n 408 oflhe Companies Ad 20￿, no separats siaiemenl of flnanciql aCts¥rt￿s or Income and ExFtndilure Accowt has been
presented kn respeci of the parent charrtable company. The charitable company has taken advant8ga ol the 8¥empih)ns in FRS 102 from the
requirernents to present a Charitable company only Cash Fhw sialeroent and certain di￿￿sureS amul the Charitab￿ cotnpanvs ￿anCIal instsuments.
Income and oxpondhuro
Income and expenditurè are generalty accounted for on an acuuals basi5.
Inc(xne trom confarence fees and otherswrces of Income is reCOgn￿e￿ when the charity and S￿b%Id1ary have enlitlemtrni to the funds. it is probabl?
Ihe Income will be received and the amount be measured wllh sufficient relkqbility
Donated profe5SK)nal setvices and d￿ated ts¢illleS are recconised as Income when the charty ha5 c￿￿01 over the ilern. any condilions asSoc￿ated
wllh Ihe don81ed rfem have been ￿81. the [er￿1ptof economic benefit frcm the use by Iheeharity of the i18m 1$ Proba￿¢¥nO that economr benefit can
be me8surÈd reliabty.
Income from govemment and other gran15 are recognised ai fair value when Ihe ¢harty has eniiiiemenl afterany perforniance condilh)ns h8ve been
mel, il is yobable thatlhe inwme will be r￿eNed and the amountrall be tneasured reliably. If entiuement is not mel then these amounts are deferr8d.
Capital grants are accDunled foras income 88 800n as they are recewabk.
Expenditure
Expenditure Is recognised as soon as I￿re is a ￿081 N construclfve otyvJ8lh?n commiltyllg the charty lo the expenditure. Ml expenditure i% accounted
fof on an a￿ru81$ ba$LS and has been dassffied under headings that aggreoate all costs reL3tsd 10 ihe caiegory.
Expenditure on raising funds indud& those wsis direct￿ reiqied lo Ihe other trading activities (see note 51, These costs are regarded as necessary lo
raise funds Ihatare needed lo financ* Charitab￿ activthes.
Support Gosts are those fiinctK)ns that assisith? work of the ch8rty bul do llol dire¢lUy undertake chanta￿e activth5. They include £05ts such as
oeneral Yranagemenl. finance. premises and ￿d￿lItieS, tnarketing and govem8nce.
Fund Accountiny
The charitab￿ cempany malntains three types offvnd.
Unrestrfct4d funds are aval￿b￿ for Use althè discreith of the boa￿ of directors In futherance of the oener81 charitabk objectives of the
organisaiion.
Déilgthitod uthr•itrl¢tod lunds are TrKinles Sel 8yde by the board from unreslrictsl
R•¥trkt•d funds hoks moThes wh￿h have been reCe￿ed for a specKL purw8e.
The Chrlsuan Conference Trust S Annual Report and Finantial statements 2021rL2
Page 16

The Christian Conference Trust
Notes to the Financial Ststements
For the year ended 31st October 2022
Tangible fixed assets and deprt¢iaUon
TarngIb￿ fixed assets are 51aled al cost ac¢umu1ated depr¢aal￿n. Depre08t1￿ is is provided ¢MI all tsngibk fixed assels. other than freehold bnd.
ai rates calculaled ￿ ¥vrile off Ihe rA)51 or valuation over their estimated useful economic life ai the following annual rates.
FreefvO￿. k)ng ￿se￿O￿j buibjiws
Assets undereonsirn¢i*)n
Plant. fijrnilure and equipment-
computers and other ethlronic equipment
all other items
nworvehic￿5
2% on cost
fio deprerialvJ
33% on cost
20YD on wrrtien down value
25% on down value
The inve5tsnenl in the subSKI￿ry 15 incSuded in the Charit￿S financk81 statements al cost.
1.10 Sto¢*s
$I￿ks are staled at the kJwer of w$1 and nei realIsab￿ Yalue.
1.11 Oporatlty Lea80¥
The ￿$ts ofoperaling ￿aSe5 are charged 10 the income and expenditure attounl as xcrue.
1.12 P8n$lon$
The chr￿ts"an ctrife￿nCe Trustoperdle5 a defined centribulbn wrson81 pansknn scheme. ContdbulKin8 are charoed to the Ststemefilof Finanoal
Activil*S as they become pay8b*.
1.13 Fin•n¢lal Imitruments
The company has finanaal assets and1iabililies ora kind thai quallfy as basr finanual Instrumen15 BasK finanual insln5ments are initialbi rewnised
ai trans8th￿n ¥8lue and subsequenltry ffleasu￿d al IheiisetKefflenl value.
Trado and oth•r dobtor¥ 8r¥ reugni5gd atthe setuement amounldue afteranytrade discountoffer•S. Prepayments afe valued at the amouDI
prepaid. nel of anytrade discounts due
Cash at bank and cash In hand includes cash and short lerm highty investrnen15 with a short maturity olthree months or ￿55 from the dale ol
acquisition or opening of the deposit or similar acc￿nI
Crodhorn provLglon$ a￿ rec(onised where the company a presentoblvJ8tv)n resuitino from a past event Ihalwill probab￿ result In the
transfer of funds lo a third party and the amount due 10 sett￿ the Obligati￿ Can be measured ore51imaied rdiably Creditors 8nd proM$40ns are
normalty re¢conised ai their sewement amount after alknwing for any trade discounts due.
1.14 T•x•l10
The Chnstian Conference Trusi Is potent￿lty ex8mpl trom laxalion on its 1ncome and gains under sections 466 10 493 of the co￿orat￿n Tax Act 2010
and SedDn 258 of Ihe laxalK)n of Capital Gains Act 1992, to the extent thatthey are applied forcharAable purpose5 No taxable profrt arise$ on First
Conference Estab Limited du6 lothe lacl that 811 t8x8b* proffts are gifted lo The C*ri51ian Conferen(x T￿st under Deed Df Cov&thanl.
Crltlcal Ac¢ountlng ludgomehts *nd sourt06 of •$tlmstlon
In the ap￿￿at￿n of the Group's accounting polityes, which are described in note 1, the tru$te8$ are ieouired 10 make ludoements. esb'mates ano
as5umplions aL¥)ul the cartwng am￿￿1$ of assets and IkqbillES th81 are nol readity 8pparenl from othersources The estimates and aS￿r￿at￿l
assumpllons are based on hisloiical eXPenen￿ and other tactDfs thai are ¢on*dered lo t* rekvani. Actual resulls may difter fr(Mn these eslimales
The ests"mates and underfying assumptions are reviewed on an ongoing basis. Revi*ons to attounthng 6Sbm8ies are recognised ID the period In which
the Èstimait is tevised if the revislon af￿¢ts onty Ihat perh)d. or in the period of the rev15ion and lulure ppriods if the revision affect5 both cuTrenl and
future perK)d5.
The fiDanckg1 staiemenls include managemenvs eslwnale ofthe Ltsls relaled 10 the oftr* conference centre at Belsey Br￿￿e based on
profèssional advk8 that has tÉon received
The chriS￿an ConferenTrTrusl | Annual RepDrt and Financrdl statements 2021122
Page17

The Chylstlan Conference Trust
Notes to the Financial Statements
For the year ended 31st Oetober 2022
2022
2021
Incomè Irom Donatlofi¥
Indwvjual giving donatv)ns
940.508
940,508
Of total donalh)ns rep£￿￿ above £0 altribula￿eto restticted funds12021.£940.CM)Dl and £0 Is attribu1ab￿ lo unrestricted fvnds
12021-£5081.
2022
2021
Incomefrom Ch•ritable Activlttes
Conference fees
5.506.646
1.383.512
S,$06,646
1,303.612
JI Ints)me frorn Charrtab￿ activilies 1$ attributab￿ to unrestrict￿ funds.
OtherTrading ACt￿￿e
2022
2021
Trading Subsidiary ac1wit￿5.
Conference fees
Bar and shop saks
Otheroperating income
1,367,430
203,532
18,583
1.S89,$45
607,917
52,980
21,655
682,552
Rentsl iicome
6,000
6,000
1,595,545
618,552
Tradlng S￿bE[dIary
The Christ￿n ConfererKe Trust owns Ihewhole ofthe issued OTdinary sharerapital of Fir61 Conference Estate Ltd.. a company regl$lered i
England and Wa￿5 The share Gaprtal of the subsidiary consists of 110,358 shares of £1 each. The princip¥ athvityof Firsl conferen￿ Estate Ltd 15
Ihal of prowdiw conference ts¢ilit￿5 lo secular thanlies and other organisalions. and ihe tyoyision of all bar and shop tsolffts fof confewces held
atThe Hayes. Hwjh L&igh and Bdsey Bddge. The taxable profits ofthe subskliary are gn1& to The Christian Conferell￿ Tfu51.
2022
2021
Tumover
cost of sa￿5 and adfflinistralion expenses
Planagemenl charge from parent company
Other operating ints)m8
1,510,961
195.gS81
11,26fj,7361
18.583
660.897
164,2241
21.655
Net Prof
226,850
1295,486
Amount offted to the char
1226.8501
R•taln•d In th• ¥Ub$fjd￿ry
129S,4861
The agwe9ale ol the assets. labili1*S and reserves of the sub&diary were..
Assels
Liabilrt
1,842.083
917.659
{757.OB7
Aggregate share raprfal and reserves
160,672
160,572
Govemrnpnt Grant Incomè
2022
2021
CJRS Grdnl inctsme
Govemmeni Grani Gift in Klnd- CBILS Loan Inte￿st
Other govemrntrnt & Local aulhontyorant income
202.694
60.808
40.000
303,502
The Christian Conference Trust | Annual Reportand Finan￿al Statements 2021122
Page 18

The Christlan Conference Trust
Notes to the Financial Statements
For the year ended 31st October 2022
2022
2021
Inve¥trr*ntlncome
Bank Interest
The gmup's invesimeni income arfses from an Snteresl tÉarlng deposft attount.
Anaty¥ls of Expendltsj
Direct Stalf
costs
Other Direct
costs
Support costs
1500 nots 91
Totsl 2022
Totsl 2021
Exptrnditure on..
Raising Funds (Tfading 5ubsKlYary actNthesl
(See not?
Bal
81.389
42,160
123.549
65,867
Totsl Exp¢ndlture on generating funds
81,389
42,1fjQ
123,549
65.867
Conferencing actsvities
BeLsey Bridge dosure
2,529,091
34,054
1.833,809
261.323
2.413.028
6.775,928
295.376
4.149.491
Tot41 ExwTrd￿Ure on chor￿•ble •¢tfvR*$
2.563.145
2,09$,131
2.41J,020
7.071.3r14
4,149.491
Total Exppnditure
2.563.14S
2.176.$20
2,4SS,188
7,19{8SJ
4,21S,358
Total Ex￿￿d￿tUr1 2021
1,477,473
893.140
1.844,746
4,21S.368
All expenditure on activit￿5 was attfI)utab￿ to Unrestr￿￿1 funds for both Cufrent and ptior year
COMPARATIVE INFORMAnON-. ANALYSIS OF EXPENDITURE YEAR ENDED 31 QCTQBER 2021
Direct Staff
C￿ts
Other Difect
colts
Support Costs
154• noto 91
Total 2021
Expendltur• on..
Raisi￿ Fund5 (Tiading subsKIK4ry activrtie51
Iseo no
8a)
1,147
35,895
28,825
65.867
Total EApendltsTr on gentratin9 funds
35.895
28125
65,867
Conferencing acliyitses
1,476,326
857.245
1.815,920
4,149.491
Totsl ExppndttLbwe on charitabk activit￿5
1A76,326
8S7,24S
1,81S.920
4.149.401
Totsi Exp•thdlturn
1,477,473
893,140
1,844,745
4.215,358
The Christian Conference Trust l knnual Report and FinanrAal Stslements 2021122
Page 19

The Christian Conference Trust
Notes to the Flnancial Statements
For the year ended 31st October 2022
2022
2021
Raising Fund¥
rrading subsidiarycosls Telate to."
Bar and shop usts
Other Dsrectcosts
Supwrt costs
94,352
35.895
1$9* no¢• 91
42,180
28.825
136,613
6S,867
2022
2021
Support Co8t An•tyg1•
Staff sUP￿rt Costs
FinancHI admin & managÈment costs
General Funning & adminsthxtlon
Rates & utilth.es
Tekphcfie, postage & wntsng
General Professional fee5
Market￿0
DeprecialK>n
Insurance
Loan illleresl paid
Bank charges
Bursaries
Govemance 11•9 nots #a
280.137
93.063
482.683
581.490
30.336
49.744
133.961
510.755
99.033
60,448
6.454
30.075
97,008
250.559
103,B07
376,478
292,(62
52,548
12,172
61.837
509,415
75,385
3.000
4,084
8.109
95.292
2,4S6,188
1,844,746
Support ¢OSts have been alh)catsd on a staff ￿51 basis lo ￿tly￿.￿S 85 fomws..
Raising fvnds
Charital>b athtE5
42.160
2.413,028
28.825
1,815.920
2,455,188
1,044,74$
202Z
2021
GovernarLce £osts
Slaff & managpmenl costs
Truslee5' eKFenses
Board member5. liabilty in5ur3nce
Audilof5 Remun￿¢.￿ l•ee note 101
61.249
6.142
4.296
25.321
68,039
2.313
23,427
97.900
95,292
10
Net1g¥pondrturel lorth• ye•r
staled aftercharging..
2022
2021
D2pre¢kition ofowned assets
510.776
509.415
Interest on bank knans and overdraft
60,448
60.808
Operaliro *a5es
3,895
Al￿rtOrS remunerat￿Tr".
- CuFrenl year fees" External audit
- Pmr yearfees Extetnal audit underl io¥erl acuual
. Non audit serv￿. ArLounts preparalKTrn
- Non audit seryw.. Tax compliance- wrrent year
- Non audit 8eryte5.' Tax compliaKo prioryear ullderl loYer} ar£tual
18.000
4,516
3.610
15.550
1,472
3,275
1,000
2.130
Induded in audit(*s remuneratK)n ￿ £6.525 relaiino to the costof the audit of the subsidiary12020121'. £6,350) and £2.e60 rel91￿0 to cost of audit
servkes12020121.. £2.3501,' these amounts have been included in the Irading rA)$1s of the subsidiary.
The Chrislian ¢￿fererttTruS1 l Annual RepDriand F￿a￿al Statements 2021122
Page 20

The Christlan Conference Trust
Notes to the Financial Statements
For the year ended 31st October 2022
11
staff ￿t$ and •mploy•• b•nrftts- Group and Char
2022
2021
Wages 8nd $alane5
Soclal S￿rity ￿81$
PensK>n tosi$
2,942,367
159.480
88.834
1,928.825
144.824
65.491
3.190.682
2.139,140
Redundancy and iermlnabon c0515 tot¥ling É34.054 are inC￿d￿j wrfhin staff costs ieported a￿Ve(2D21. £298,754}
Staff cos15 have been all(￿l￿d to activilies as below..
2022
2021
Raising fund$
Charilable activit￿S
Support ¢0515
1,147
1.476,326
6fj1.667
2.563.145
627,537
3.190.682
2,139.140
JI staff are employed by the parent ch9rrt0b￿ cofflpany. The Chri51An Conferèrtè Trust.
2022
2021
Average number of $laft
51
The numbèr orem￿0Yefrs whose emoluments. ex￿Ud￿9 pensK)n contri1￿l¥J￿S and empkJyers' nalv)na4 insuRKe, but In￿￿dIng t8¥ab* beneffls. were in
excess of £60.000 in year was as lolh)ws.'
2022
No
2021
No
£100,001- £110.0(
£80,001 £90,000
£70,001 - £80.000
£60,001 - £70.000
Tre key man4emenl petsonnel ofthe Group are listed on page 2 and comprise those oflhe parent charit¥b* wmpgny, The Chii$liqn Conthnce Twsl
and its whollY￿ne4 Iradlng subsldiary Firsl Conference Estate Ltd The total rernunerai￿n lincbjding pension emknbub￿S and empbyers, nalbnal
insurance) of the key management wr8onnel of the Chanty forlhe yearlolalkd £378.556 12D20121 É362.9951.
11a TruBtees' Remunerttion
2022
2021
PensK>n to m￿hael knnlon, a$ a fr)mi&rexecull¥e diroctor of the subshj￿ry
2,017
2,016
Other than the abo¥e. th8 Iruslees receive ro remuneration fr)rtheirstrr¥ices butar& for their vavel expenses 10 Board mee￿n9$ and sundry
otherexpenses incutred.
Ourino the period end•J 21 October 2022 travdling ¥n¢J olherexpellse5 were reimbursed tolalling £6,14212020r21". £2.313110 912020121. 91 Imst*s.
n addilK)n. the group maintains an insurallc& poliGy for ils directors agalnst Ilabilit￿5 In re￿￿.￿1 to the group, ¢oslng £4.296120WI.' £1,5121.
11b Employee ￿￿Tement benth
The current pensK)n Scheme forstaff is principally 8 Group Per8on81 Per￿lOn plan with A¥￿a In a¢)dit￿n to thLS pensions are a150 madeto eligible
directors of First conferen￿ Estate Ltd and theIrSu￿Wing 5PDUSes.
Group and Charfty
2022
2021
Slaff pension cosls
Pensh)ns lo fornierdireclrys of the Subsidiary
82,965
5,869
58.397
7.094
8B,834
65,491
As at 31 October2D22, lotsl pens￿￿ 1x)ntribut￿6 outstandino totalkd £11,96512021.' £13.1701 and incjuded With￿ year-eThJ Cr￿thr5 85 per note 15.
The Chnslk4n Confe￿r￿eTrUSI l Annu81 Rew)rt and FinarKaal Staiements 2021t22
Page21

The Christian Conference Trust
Notes to the Financial Statements
For the ygar ended 31st October 2022
12 Tan4lbl• fL¥•d
JI of the a¢b¥thes Undertak￿ by Ihe chanty fall wrthin Ihe eXempb"￿S oranted to tharibes by legishtion
Plant.
Equlpmont and
VehKcles
Gwup & ¢haflty
Land •nd
Buildings
Assèts uhdor
¢onstru¢¢lon
Tolal
Cost
1st November2021
Additi￿5
Transfer of a$sels dunw the yearldisposgl
sposaL% Ilmpairment of ass*sl
15.031.393
8,380.687
62.449
loo.￿1
485.030
621.208
11,106.2381
21.897.110
683.857
1.005.3S7
146,2661
1194.0761
At 31 October 2022
16.990,614
6,396,177
22,386,691
D•prt¢iatlo
151 November 2021
Charge for year
Depwwlun on EliminalK)n of impaired assets
4.355,203
309.770
19.5501
5.496,444
201,006
1127.5551
9,851,647
510.776
At 31 O¢tob•r 2022
4,655,423
5,569,895
1Q,225,318
Not book val
At 31 OctobTrr 2022
11,335,091
826,282
12.161.374
At 31 Ortobsr2D21
10,676,190
814,243
485,030
12,04S,463
The kgal lrtle5 of the properties rests %vrfh First Conf8ten(* Estate Ltd with b8n8fidal Ownersh￿ beknnging ￿ The Chrislkqn C(Miference Trust.
The prOpert￿S v￿re revalwd ￿ 1996 before being assigned over 10 Th• ChnslkiD Cwference Twsl on a 280 year ￿35& al an annual rentof £1,
effeclNety a h)ng ￿a$eh￿d propertyWh￿h w85 prior to the Thplementation of Fnancol R8PCrtino standard 15 Itanglbb fL¥ed assets).
The charty does not revalue rt$ fixed a55ets and retain5 the tX)Dk amDunts ontywrfhin the Fin8n¢ial siaieff*nls.
Land and Build￿g&
2022
2021
Al valuaih)n- 1996
Adijitions al cosi
2,719,999
13,270.515
2.719.999
12.796.424
15.910,514
15,516,42J
If stsled under h￿10￿¢91 cost p￿nCAp￿S. the 1x)mpara￿? amounts fr)rlhe iotal fr0eho￿ prcyarty WOU￿ be..
Costto The Chri$lkqn Conference Trust
Attumulai•J depiecbl
15.905.814
14.554,4431
15.284.606
14.239,7591
H￿10[￿￿1 (x>st net L￿k valu&
11,361,371
11,044.847
12a L4nd •nd tyulldlng$ ¢ompvl¥¢ the following..
Group
Charfty
2022
2021
2022
2021
Freehokl Pmpe
15.990,514
14,9￿.127
Freehold Propety- Asset under conslwcbon
485.030
Long ￿sehold prop2ty
46.266
15.990.514
1S.516,423
15,990,514
15.$16.423
15.990,514
1S.516,423
The Christian Confe￿n￿ Trust l A#Trnual Report and Finjroal Statements 2021r22
Page 22

The Christian Conference Trust
Notes to the Financial Statements
For the year ended 31st October 2022
13 In¥e$lm•ni In subsldfiary
Char
2022
2021
The Christian Conference Tmst has a whol￿0VM￿y subskfjlary Flrsl Conference Estsie Ltd as detaI￿d Sn
Note Sa. Th& amount disck)sed Is al cosl
Inveslmentin sUb￿diary Iwisiration number 001095881- Note Sa
110.3$8
110,356
14 D•btorg du• wlthln on? y•ar
Group
Chavtty
2022
2022
2021
2021
Trade debtors
Amounts du& from subsN1kgry undertaking
VAT recoverab
Prepayrnents. sales dewsils and ac(xti8d Pr￿￿8
427.092
373,581
362.644
977.524
16.588
165.178
262.430
480,046
115,073
86.829
78.830
86.829
165.178
S92,270
5J9,2J9
1,$21,93S
944,377
1$ Crodhors.. amounts fallln9 duo wlthln ot)• ywr
Group
Charhy
2022
2022
2021
21
Trade Greditor5
Loans payable lsee note 171
Other tsxalK)n and sorAal securpty
VAT payable
Othercredilor5
A¢cwals ano Deferred Inccrfne
Deposits for[U￿re conferences Isee nots 15al
530.340
460,000
5D.156
297,439
22.069
261,540
1.231,990
591.909
401.667
36.143
497,962
480,000
50,156
$64.326
401.867
36,143
18,212
255,775
22.078
344.250
975.986
255.953
695.401
2.963.634
2A16.58J
2.350,4JO
2,153,491
Deposits forfuture corrf2rem¢o8
Ch•rfty
2022
2022
2021
2021
8ruugM forward
Oeferred in the year
Re￿aSed In the year
1.302.660
402.919
198,3151
562.303
863.840
1123.4841
1.064,674
262.474
160.17fj1
470.445
712.777
1118,5481
1,607,264
1,302,66
1,266.971
1,064,674
Deposits forfvlure confe￿nceS include £375,27412020121.. £187.7841 he￿ bythe group in respect of (x)nthnGes 5th￿ule￿ to lake pl￿ rnore
than one yearfrom the b3knce sh*1 date.
The Chrislian Conference Trust i Annual Rewrt and Flnanoal Statem8nls 2021Q2
Page 23

The Christian Conference Trust
Notes to the Financial Statements
For the year endod 31st October 2022
16 Cr•dltors= amounts lalllng duè aftér ono y•ar
Group
Char
2022
2022
2021
2021
Deposits forfuiure eonferences
Loan5 payab￿ (see nDte 171
375,274
1.408.333
187.784
1.868.323
290.98S
1.408.333
169.272
1,868.333
1.783.607
2.056,117
1,699,319
2,037,60S
17 Loans payablo
Loans p8yatAe include5 £1.868.33312021". £2,270.0001 relaung to 2 tranches of UK Govwnmenl Coronavitus Business Inknplion Loan Schéme
aYab￿ 10 8ar¢*s Bank PLC.
Intefesi on the 1st ban tranche is charged a12 99% over b35e raie and rnonthfy capital and interesi payments commenced Soptembei 2021.
Interest on the 2rf loan tranche 15 charged ai 3.39.￿ overbase rate.
Capiial repayments are as follows..
2022
2021
0-1 year
2-5ye8rs
5 ytrais +
460.000
1.408.333
401.667
1,610.000
58.333
1,868,333
2,270,000
The 15 secured by a sp8cthc ￿081 tharge on group proper¢4, The Hayes Conference Centre, Swanwick. DerbyshKe.
The Chri51iin conferen￿ Trust l Annual Reportand Financial Stslements 2021f12
Page 24

The Christian Confgrenco Trust
Notes to the Financial Statements
For the year ended 31st October 2022
IB Reconclllatlon of movemont In lund*
Year ended 31 October 2022
B•l•n¢¢ bll
Income
ExpEnd*ur¢
Other gains &
Transforn
8•l•n¢e cll
Llnrestrfcted FundB
General income fijnd
9.500.160
7,102,191
17,164,7781
944.636
111,382.20B
Dtslgnatgd lund*
Bursary tunds
R￿alUatK)Th reserve
79.236
116,465
130,0751
49,163
111.829
14.6261
Total ilnr•strfj¢tsd Fund$
9.695,862
7,102,1#1
17.154,8531
940.OOD
10.S43,200
Re8trlctsd luhds
Tower pr￿eth Fund
940,000
1940,QOOI
Total Re¥trl¢tsd Fund¥
940,000
1940.0001
Total Fund8
10,636.862
7.102,191
17,194,853>
10.643,200
8•lan£o bll
Incorne
Expenditure
other galths &
Tranifo
Bath￿e clf
UThr•Jtrict￿ Funds
General incomtr fvnd
9.449.947
7.024,286
17.086.882)
944,836
10.331,987
Des￿nated fund¥
Burs8ry funds
Revaluation resetve
79,238
116.465
13D.0751
49,163
111,829
14,6361
Totsl Unr•8triGtsd Fund•
9.646.650
7,024,286
17.116.9671
940.000
10,492,979
Ra¥trlctod fund6
TowÈrpFoiect Fund
940,000
1940.0001
Total R•itrlctsd
940,000
1940.0001
Total Funds
10,585.150
7,O24,2e6
17.116.¥571
10,492,979
Burury Fund8- Adeslgnaied unre51ricted bursary fund 15 maintained where 5Q/o of the general tsnd $urplus Is 81bcated 10 the fund each year.
8ursaries are avaiiqtye to woanisalDn5 lorlhe suprort of indivKluals attending confewres al any of Ihe cenlres The amount of bursary awarded lo en
Qfganisalion is charged aga￿$1 Ihe ￿lsary[und when Ihe Conference has taken place
Re¥•lu•tlon ws•rv¢- Unrealised ￿p￿al surpluses and deficits ari5llg on the re￿a￿atiOn of land and buildings awe taken to a a55el revaluaty'¢
resetve. kn annual amount, tou1va￿ThI 10 lh& additional depreckglbn on revalued assets, is transferred from the revaluation reserve furKI 10 the
unrestrrted gener81 iTrcome fun
Towèr P￿1•¢t Fufid-The fund reflects amount$ glfted for fjnanclng the rebulkling ofihe 50ulhern knver at H&h Le￿h. Th• lower rebuikl was C￿np￿ted
dunng yearlo 3181 October 2022 and thus the feslr4Cti(Mi of the init￿1 gin has been di%charged and released to unreslncted gener81 reserves.
The Christian CO￿fere￿ Tw51 | Annual Reportand Flnana81 siatemenls 2021rk2
Page 25

The Christian Conference Trust
Notes to the Financial Ststements
For the year ended 31st Oclober 2022
18a COMPARATIVE INFORMATION= Rgconclllatlon of movement in fund* foryoar endod 31 O¢tob•v 2021
Rastatsd
Balan¢0 bll
Income
Other qalTh$ &
Trnnslèrn
B*￿nce cir
Unreiirictod Fundi
General income fund
11,326,700
2,376,073
14.207,2491
4.636
9,600.160
D•8lgnatsd lund$
Bursary fund$
Revaluation reS￿Ve
87,347
16,1091
79,23B
116,465
14,6361
Total Unre5tr1cted Fumd8
11,535,14B
2,376,073
14,215,358>
9,695,862
Re¥trl¢ted fvnd5
Tower proleci Fund
940.000
940,00
Total R•8trtcted Fun¢•
940.000
yo,ooo
Total Funds
11.635.148
3.316,073
14.215.36BI
10,63S,862
Fcdlowiw a ￿¥1￿ ot reserves dunry the year. funds 88 rdatiw io a'capital reserve, and 8're¥8lu8lK)n reserve. wgrefound to be erroneou5ty shown
as resltthd ful￿8. No resiitth)n$ e￿8t￿rth reoards lo these ftjnds and so they were r8classifiwJ as unreskn¢ted funds.
B•lanu bm
In¢ome
ExpEndiiure
Other galns &
Tran8fors
Ba￿￿te cll
Cha
Unrnstrlcted Funds
General In￿rne fund
10.981,002
2.607.335
14,143,026)
4,636
9,449,947
Dèslgnated fund5
Bursary ftjnds
Revaluolion reserve
67,347
18,1091
79,238
116,466
14.636)
Totsl Vnre3tFlctsd Fund
11,189,450
2,607,335
4,151.1351
.64S,660
Rostrf¢t•d lund$
ToweT pioject Fund
940,000
940,LM)O
Total Rg¥trl¢t•d Fund•
94Q.000
940,000
Totsl Funds
11,189,450
3,547,335
14,151,135)
10,585,BJO
The Chrisli9D Conference Trust l Annual Rewjrtand Fin8ncL81 Statements 2021r22
Page 26

The Christian Conference Trust
Notes to the Financial Statements
For the year ended 31st October 2022
19 An4￿1& of assèts and Ilabllltlei t•tween fund¥
Yèar trndod 31 Octobor 2022
Uniostrlcted
Fund
O•tlgn*téd
Fund
Re8tsl¢tsd
Fund
Total
Tangib￿ fixed assets
Current assets
Curreniligbilibes
Creditors due after one year
12,049.545
3.069.8Q4
12,953.5341
11,783.6071
12.161,374
3,11B,967
12,953,534)
11,783,607)
49,163
At 31 OctO￿r 2022
10.382.209
160,992
10,543.200
Ta￿1b￿ fixed assets
In¥estrnenl In subsidiary
Current 85sels
Current Iiatslii￿s
Creditors due after rme year
12.049,545
110,358
2.221,834
12.350,4301
111.829
12.161,374
110,358
2.270,996
12,350,430
11,699,319
49.163
At 31 Octobor 2022
10,331.908
160,992
111,492,979
Vnrwtrlctsd
Fund
D•s1gnatsd
Fund
Restrl¢ted
Fund
Total
21
Tary1b￿ fixed assets
Current assets
Current li4knlil￿5
Cre¢itors due after oneyear
11.928,998
2.043,861
12.416,5831
12.056,1171
116.465
79.238
12.045,463
3,063.099
12,416.S831
12,056,117
940,000
At 31 Octo￿￿ 2021
9,$00,1Sg
195,703
940.000
10,635.862
Ch
21
Tangible fKed assets
Inweslmenl in subsKIK9ry
Current assets
Cutrenl IgbililEs
Creditors due afterone year
At 31 Octobpr 2021
11.928.998
110.358
1,801,687
116.465
12,04S,463
110,358
2,620,925
12,153,491)
2,037,606
10,S85,650
79.238
940.000
12.037.605)
9.449.947
195.703
940,WO
The Christian c￿Ierer￿eTrUs1 l Annu81 Report and FinanrAal Ststemenis 2021122
Page 27

The Chrlstlan Conference Trust
Notes to the Financial Statements
For th¢ year ended 31st October 2022
20 Capftal ¢ommllrnefit*
Group •*d Chawlty
2022
2021
Contracted for but not provKJed
Aulhwsed not yd contrdcled
3￿,268
Commitments at preceding year end rdaled to the demdition and consiturAK>n of the southern lower at High Lelgh conference centre whch c(Nnmenced
July 2021 and completed during the yearended 31 October 2022.
21
Opar•Ung te8#or¢otMi6trn•nts
The group leases taim land and surplus buiklin9 area5 to third parties under operating arranoèments. The ioial mininum rental IrKome receivable
nder non￿nC￿laI￿e operatin9 leases frJr property are as fdlows..
Grou
8ullding
2022
Tothi
2021
thin a yeaF
Two to flveyears
More Ihan 5 yeais
2.500
3.000
2.500
3.iM)O
Char
Bulldlng
20Z2
Totsl
2021
Wthin a year
Two lo five years
More than 5 years
2,500
J,000
21a Op•thing I￿$• ¢ommltm*nts
Tf*re are no fJiure minimum lease payments under non￿a￿l&b￿ operating ￿aSe&
22
Rolated p*rtytAnucdoni
The Chnstian Confemr* Trust has a Whol￿ owned subshJl8ry. First Conference E51ale Ltd. The ITading adivthes of company are stri Out In Note 5.
The amouTrts from 10 the sUbS￿l8ry aro disch)sed in Note 14 Dunng the year a management charge of £1,266,73612020rLI. £928,882) was madefrtN
the Trust lo the SUbs￿￿ry company. There were no other rekgied paty tr8Dsacih)ns durino Ihe ￿ar {2020121' none}.
R•coth¢llladot) of net to now ¢••h flovifroffl o￿latIng *ctlvlty
2022
2021
Oporatlng actlvltks
Nel Expenditure for the year
192,662}
18992851
Adju8tm•nts ior.
Interest payable on bank bans and debenture ban 5tsKk
Interest receNabfe
Depreciation and deficit Dn diswsal of tangbk assets
Impairment of fixed a55ets
Ilncr8asel l Decrease in slrKk
Ilncreasel l Decre85e in debtors
Increase I I￿reaSe) in creddors
60.448
3.(M)O
$10,776
56.971
125.7881
509,415
18.8861
1342.3121
1,266,563
666,108
Net calh provld•d by a¢tfvMe$
1,122,822
$28,494
The Chrisiian Confererte Trtssi i Annu￿ ReFN)rt and Financial Slalements 2021r22
Page 28

Th¢ Christian Conferenee Trust
Notes to the Financial Statements
For the year ended 31st October 2022
24 COMPARATNE INFORMATION.. CONSOLIDATED STATEMENT OF FINAII¢IAL A¢TIVITIES FOR YEAR ENOED 31st OCTOBER 2021
Unrgstrl¢tod
FuTrd¥
Aostrlctèd
Fynd¥
Total
2021
Total
2020
Note
Incorne from:
Donaiions
Charitsbb act￿lt*S
Other trading activities
Government grants
Investment income
940.000
940.5Q8
1,544
1,906.843
474.093
848.047
1,383.511
688,552
303.501
688.552
303.501
Total In¢onv*
2.376.073
940.000
3A16.073
3.233,717
Expendlture on
Gen8ratlng funds
charitab￿ aCt￿lIES
65.867
4.149.491
65,867
4.149.491
54,904
5.185,940
Total exp•ntttturo
4.216,368
4.215,358
6.240.844
N8t1•x￿ndN￿I&Tr I In¢om• for the ye•r before tranBlern
11,839,285
940.OOQ
1499,2B51
12.007,1271
Transfers beNYeen fuTrd5
Not mo¥em•nt In lund$
11,839,28SI
94Q,QOQ
1899,2851
12,007,127)
R*¢on¢llla¢lon gf lund
Fund5 brought forward
18
11.S35,148
11.535,148
13.542,275
Total fundt tarr￿￿ 10Th￿r￿
9.695.861
940,000
10,636,862
11,535,148
The statement of finanual 8ctNthes inGludes all gains alld losses recoonlsed ID the yeaF.
JI income and expenditure derNes from continvino adNilEs
The ChrislK4n cOnferen￿Trust l knnual Reportand Finandal stsIem￿ts 2021tt2
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