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|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|
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|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||||||
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||||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|
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||||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|
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|(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|
##
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|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||
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|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|
##
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|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|
##
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|||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|
##