2021-12-31-accounts

Chair ofCouncil Introduction	Chair ofCouncil Introduction
Mission Director's Introduction
Directors and Trustees'	Report	4 —22
Our Objectives and Values
Executive Report		5-14
Resort Ministry		9-10
Communications		10-12
Property		13
Future Plans
Partnerships		14
Treasurer's Report		15-17
Governance and Council		18-21
How we are Structured		22
Independent Auditors'	Report	23-25
Statement of Financial	Activities	26
Balance Sheet		27
Notes to the Accounts		28-39

How we are structured	How we are structured	How we are structured
Patron		Vacant
Vice-Patrons		The Archbishop ofCanterbury
		The Archbishop ofYork
		The Bishop of London
President		Vacant
Council Members		The Revd LJ Biggs			The Revd		K D Mentzel
		Mr J Carter			The Revd		F	0Olokose
		(Resigned 9September 2021)			The Revd		M BSanders
		The Revd M N Dale			Mrs E	D Skudder
		Ms E Dumain			Mrs A	CTyndall			(Vice-Chair)
		Mr C Gayle			Mr C SWeller (Hon					Treasurer)
		(Appointed 19November 2021)			Mr D M White
		The Revd Dr S Hance						(Resigned 11September 2021)
		Mr R A Hoyle			The Revd		Canon		Dr	G	I Wilton
		The Rt Revd R CJackson (Chair)			The Very Revd T				Wright
Key Management		The Council Members	and Mission Director- The			Revd Canon				R W Bromley
Personnel
Company		The Revd Canon R W Bromley
Secretary
Solicitors		Moore Barlow LLP
		Concord House
		165Church Street East
		WOKING GU21 6HJ
Registered		Jacob Cavenagh 5Skeet
Auditors		5 Robin Hood Lane
		SUTTON SM1 2SW
Principal	Bankers	Barclays Bank pic
		100Fenchurch Street
		LONDON EC3M 5JD
Investment		CCLA Investment Management		Ltd	Ruffer	LLP
Advisers		Senator House			80Victoria			Street
		85 Queen Victoria Street			LONDON
		LONDON EC4V 4ET			SW1E	5JL

			Unrestricted	Restricted	Endowment	2021	Total Funds
			Funds	Funds	Funds	Total Funds	2020
		Note	f	f	f	f	f
Income from:
Donations and legacies		2 (a)	186,309	136,165		322,474	435,294
Investments		2 (b)	63,998	1,441		65,439	55,914
Charitable activities		2 (c)					2,681
Other trading activities		2 (CI)	2,609			2,609	3,693
Other income		2 (e)	2,064			2,064	66
Total			254,980	137,606		392,586	497,648
Expenditure on:
Charitable activities		3 (a)	393,632	193,098		586,730	570,218
Raising funds		3 (b)	2,999			2,999	10,970
Other activities		3 (c)
Total			396,631	193,098		589p729	581,188
Net gains/(losses)	on investments		213,931		110p904	324p835	255999
Net income /(expenditure)			72,280	(55,492)	110,904	127,692	172,459
Transfers between	funds
Net movement in	funds		72,280	(55,492)	110,904	127,692	172,459
Balances brought	forward 1January	2021	2,032,034	274,978	803,828	3,110,840	2,938,381
Balance carried forward
31December 2021			2,104,314	219,486	914,732	3,238,532	3,110,840

			2021	2020
		Note
Fixed assets
Tangible fixed assets		6	144,807	152,721
Investments		7	2,901,360	2,696,526
			3,046,167	2,849,247
Current assets
Debtors			81,971	89,011
Cash held with Investment	Managers		69,799	144,424
Cash at bank and in hand			70,091	49,768
			221,861	283,203
Creditors: falling due within	one year		29,496	21,610
Net current assets			192,365	261,593
Total assets less current liabilities			3,238,532	3,110,840
Creditors: falling due after	more than one
year
Net assets			3,238,532	3,110,840
Income funds
Unrestricted funds
General free reserves			1,065,829	1,005,432
Designated			1,038,485	1,026,602
			2,104,314	2,032,034
Restricted funds			219,486	274,978
Capital funds
Endowments			914,732	803,828
Total Charity funds			3,238,532	3,110,840

(continued) 2 Income
							2021
				Unrestricted	Restricted		Endowment	Total
(a) Donations and legacies				f	f		E	E
Subscriptions and donations				142,143	133,740			275,883
Donations from churches				3,956	2,425			6,381
Donations from chaplaincies				22,087				22,087
Resort mission collections				5,028				5,028
Legacies receivable				13,095				13,095
				186,309	136,165			322,474
(b) Investments
UK sourced				63,998	1,441			65,439
Overseas sourced
				63,998	1,441			65,439
(c) Charitable activities
Chaplains' conference
(d) Other trading activities
Greeting card sales				2,609				2,609
(e) Other income
Receipts from stamp donations				1,681				1,681
Sundry income				383				383
TOTAL INCOME				254,980	137,606			392,586
						2020
				Unrestricted	Restricted		Endowment	Total
					E			f
(a) Donations and legacies
Subscriptions and donations				139,980	202,152			342,132
Donations from churches				2,828	4,550			7,378
Donations from chaplaincies				27,068		270		27,338
Resort mission collections				5,381				5,381
Legacies receivable				50,500				50,500
Receipts from	donations	of	stamp	2,565				2,565
collections
				228,322	206	972		435,294
(b) Investment income
UK sourced				50,822	1,817			52,639
Overseas sourced				3,275				3,275
				54,097	1,817			55,914
(c) Charitable activities
Chaplains' conference				2,681				2,681
(d) Other trading activities
Greeting card sales				3,693				3,693
(e) Other income
Sundry income								66
TOTAL INCOME				288,859	208,	789		497,648

(continued)
3 Expenditure
			2021			2020
(a) Charitable activities		Unrestricted f	Restricted f	Total f	Unrestricted f	Restricted f	Total
New Mission work
Brussels Outreach	worker					5,604	5,604
Cairo						13	13
Tunis						36	36
Izmir			10,004	10,004		10,195	10,195
Bordeaux					7,218		7,218
Kortrijk		2,430		2,430
Rotterdam		4,444		4,444	13,333		13,333
Schiphol Airport					7,829		7,829
Corfu		2,230		2,230	200		200
		9,104	10,004	19,108	28,580	15,848	44,428
Ongoing Mission work
Permanent chaplaincies		3 222	176,214	179,436	7,853	131,788	139,641
Resort missions		28,457	6,880	35,337	24,189	11,171	35,360
		31,679	183,094	214,773	32,042	142,959	175,001
Staff R support costs
Staff
Salaries		198,248		198,248	169,023	20,838	189,861
National insurance		13,328		13,328	11,412	1,517	12,929
Pension contributions		25,427		25,427	32,501	3,746	36,247
Other staff costs		8,478		8,478	5,882	778	6,660
		245,481		245,481	218,818	26,879	245,697
Support costs
Premises		17,146		17,146	17.727	2,178	19,905
Travel		7p281		7,281	4,669	262	4,931
Communications		28,687		28,687	24,424	2,599	27,023
Governance		9,343		9,343	6,056	744	6,800
Other support costs		44,911		44,911	41,535	4,898	46,433
		352,849		352,849	313,229	37,560	350,789
Total charitable activities		393,632	193,098	586,730	373,851	196,367	570,218
(b) Raising funds
Fund raising
Fund raising costs		1,035		1,035	1,874	439	2,313
Fund raising trading costs		1,964		1J964	3,778		3,778
Investment management					4,879		4,879
		2,999		2,999	10,531	439	10,970
(c) Other activities
TOTAL EXPENDITURE		396,631	193,098	589,729	384,382	196,806	581,188

4	Net Income	(Expenditure)
				2021- K		2020-E
	This is stated	after charging:
	Auditors'	remuneration	for audit services		6,500		6,800
	Auditors'	remuneration	for other services		1,800		1,771
	Depreciation				7,914		6,645
	Operating	lease rentals	- land and buildings		10,000		10,000
	Operating	lease rentals	—other equipment		2,005		3,092
5	Staff Costs and Council Members' expenses
				2021 -	No.	2020-	No.
	The average	number ofemployees during the year was:		8		8

Fixed Assets
		Swiss
	Heritage assets	cop ropriete apartments	Freehold property	Equipment	Total
		f
Cost
At 1January 2021		192,475	85,084	44,033	321,592
Additions
At 31December 2021		192,475	85,084	44,033	321,592
Depreciation
At 1January 2021		101,112	27,149	40,610	168,871
Charge for the year		3,849	642	3,423	7,914
At 31December 2021		104,961	27,791	44,033	176,785
Net book value
At 31December 2020		91,363	57,935	3,423	152,721
At 31December 2021		87,514	57,293		144,807

	Belgium:	Holy Trinity, Brussels	Holy Trinity, Brussels	Holy Trinity, Brussels	Netherlands:	St. Mary' s, Rotterdam	St. Mary' s, Rotterdam
	France:	Holy Trinity, Cannes				Holy Trinity, Utrecht
		St.Peter' s, Chantilly			Spain:	St.George' s,	Barcelona
		Holy Trinity, Maisons-Laffitte			Switzerland:	St. Peter' s, Chateau-d'Oex
		St. Michael's, Paris				All Saints', Vevey
		St. Mark's,		Versailles		St. Bernard's,	Wengen
						St. Peter' s, Zermatt
7	Investments
						2021	2020
						f
	Quoted investments
	Brought forward					2,696,526	2,501,524
	Additions					3,868	1,519,604
	Disposa Is					(123,868)	(1,580,601)
	Net realised	gains				32,326	68,299
						2,608,852	2,508,826
	Net unrealised gains					292,508	187,700
	Quoted investments		at	fair value carried forward		2,901,360	2,696,526
8	Debtors
						2021	2020
						f
	Income tax recoverable					12,106	20,443
	Debtors and	accrued	income			56,736	50,873
	Pre payments					13,129	17,695
						81,971	89,011
9	Creditors
						2021	2020
						f
	Other taxation and social security					3,568	3.321
	Provisions for trade creditors					19	2,270
	AccruaIs and	deferred		income		25,909	16,019
						29,496	21,610

		Tangible fixed assets	Investments	Current assets less	Total
				liabilities
2021			f	f	f
Unrestricted	General free funds		1,092,950	(27,121)	1,065,829
Designated	funds	144,807	893,678		1,038,485
Restricted funds				219,486	219,486
Endowments			914,732		914,732
		144,807	2,901,360	192,365	3,238,532
		Tangible fixed assets	Investments	Current assets less	Total
				liabilities
2020			f	f	f
Unrestricted	General free funds		1,019,597	(14,165)	1,005,432
Designated funds		152,721	873,881		1,026,602
Restricted funds				274,978	274,978
Endowments			803,048	780	803,828
		152,721	2,696,526	261,593	3,110,840

(continued)
11Funds
2021			Balance				Invest-	Balance
			brought	Income	(Expenses)	Transfers	ment	carried
Unrestricted funds			forward		f		gains f	forward f
General free fund			1,005,432	254,980	(392,187)	(16,328)	213,930	1,065,829
Designated funds
Fixed asset reserve			152,721			(7,913)		144,807
Operational reserve			1,631			(1,631)
Chaplaincies reserve			150p000					150,000
Funds set aside for new work			22,250		(4,444)	25,872		43,678
Loans reserve			200,000					200,000
Investment diminution		reserve	200,000					200,000
Property reserve			300,000					300,000
			1,026,602		(4,444)	16,328		1,038,485
Restricted funds
Mission partnerships	—Europe		18,790	13,108	(10,005)			21,893
Mission partnerships	—N Africa		37,247	1,215				38,462
St Bernard's, Wengen			25p561	2,229	(2,167)			25,623
St Peter' s, Zermatt			35,898	7,009	(4,713)			38,194
Chaplaincy work			157,482	114,045	(176,213)			95,314
			274,978	137,606	(193,098)			219,486
Endowment funds			803,828				110,904	914,732
2020 Unrestricted funds
General free fund			903,160	288,859	(384,382)	959	196,836	1,005,432
Designated funds
Fixed asset reserve			159,694			(6,973)		152,721
Operational reserve			9,291			(7,660)		1,631
Chaplaincies reserve			150,000			(29,359)		150,000
Funds set aside for new		work	51,609					22,250
Loans reserve			200,000					200,000
Investment diminution		reserve	200,000					200,000
Property reserve			300,000					300,000
			1,070,594			(43,992)		1,026,602
Restricted funds
Mission partnerships	—Europe		16,434	13,120	(16,750)	5,986		18,790
Mission partnershi ps	—N Africa		25,002	12,294	(9,884)	9,835		37,247
StBernard's, Wengen			31,846	3,745	(12,772)	2,742		25,561
StPeter's, Zermatt			11,224	25,815	(4,430)	3,289		35,898
Chaplaincy work			135,456	153,815	(152,970)	22,181		157,482
Allocated support costs					(37,999)
			219,962	208,789	(196,806)	43,033		274,978
Endowment funds			774,665				59,163	803,828

eases are payable:
	2021- K	2020-f
Within one year	12,005	12,394
Between 1and 5years	12,181	23,390
After more than 5years
	24,186	35,784
The operating lease charges for the year were:
Hire ofequipment	2,005	3,092
Rental	10,000	10,000
	12,005	13,092

		2021			2020
						Total
	CBF funds	COIF funds	Total funds	funds	COIFfunds	funds
Holy Trinity, Cannes	10,987		10,987	10,982		10,982
St. Michael's, Paris		249,954	249,954		220,205	220,205
	10,987	249,954	260,941	10,982	220,205	231,187