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2020-12-31-accounts

REGISTERED COMPANY NUMBER: 03688829 (England and Wales) REGISTERED CHARITY NUMBER: 1076750

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

CHRISTIAN HERITAGE

Staffords Chartered Accountants Unit 1, Cambridge House Camboro Business Park Oakington Road, Girton CAMBRIDGE Cambridgeshire CB3 0QH

CHRISTIAN HERITAGE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

----- Start of picture text -----
Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Notes to the Financial Statements 9 to 20
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CHRISTIAN HERITAGE (REGISTERED NUMBER: 03688829)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

This report contains a directors' report as required by company law.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives of the charity are to advance religion through the provision of Christian education, which is carried out by means of:

The Round Church Visitor Centre and related ministries which include:

Significant activities

The activities of the charity were severely impacted by the coronavirus pandemic, as a large portion of the work of the charity is orientated toward visitors to Cambridge.

In-person activities, as described above, continued up to the first national lockdown in late March. Thereafter, in-person activities were limited to some weekend opening in September, October and November.

Delivering a range of online talks was our most significant public activity during 2020. Additionally, two book manuscripts were substantially completed during 2020; These books will be published in late 2021 or early 2022.

We secured a grant from the Cultural Recovery Fund which was deployed to make physical improvements to the Round Church.

Public benefit

The Trustees have considered the Charity Commission's general guidance on public benefit and in particular, its supplementary guidance on the advancement of religion for the public benefit. The "Objectives and Activities" section of the report provides a brief summary of activities undertaken together with a confirmation that the Trustees have had due regard to the general guidance on public benefit.

Visitors to the Round Church, by reading the exhibition and watching the film, hear of the positive contribution which Christianity has made in our culture from the foundation of the universities, the development of modern science, the development of humanitarian tradition and the rule of law and constitutional government

Locals are reminded of Cambridge's significant religious history, something which is not a particular focus for any other tour providers in the vicinity.

Attendees at our events are all encouraged to think carefully about how they can make a positive contribution to society and how they can be better followers of Jesus Christ.

Page 1

CHRISTIAN HERITAGE (REGISTERED NUMBER: 03688829)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2020

OBJECTIVES AND ACTIVITIES

Volunteers

Some volunteers are key holders and opened and closed the church at weekends when we were able to operate. Doorkeepers man the welcome desk at the front of the church, are available to engage with visitors, operate the film, and handle takings.

STRATEGIC REPORT

Achievement and performance

Achievements

Developing skill in delivering online talks to a wide audience was an innovation necessitated by the pandemic. We delivered webinars on Albert Camus's The Plague, modern abortion culture, Isaac Watts an Enlightenment hymn writer, and an eight part webinar series entitled 'Humanity Matters' exploring a Christian understanding of what it means to be human. These webinars were disseminated via our website.

Manuscripts for two books were submitted to publishers during 2020, one addressing the impact of worldliness on the church and another analysing the narcissistic nature of post-modern culture.

We learned to operate in a COVID-19 secure manner, which enabled us to open the Round Church to visitors at weekends in the autumn.

We made physical improvements to the Round Church further to securing a grant from the Cultural Recovery Fund.

Financial review

Financial position

Unrestricted income in the year totalled £36,150 (2019: £114,892). The sharp fall in unrestricted income reflects the difficulties faced this year due to the ongoing pandemic which has resulted in no income from visitors or tours and a substantial drop in donations and shop income.

At the end of the year, the cash at bank was £36,773 (2019: £46,573).

Reserves policy

We have continued to maintain separate accounts for support-raising employees' funds.

Principal risks and uncertainties

At the end of 2020 we were pleased to sign another 10-year lease with St. Andrew the Great for the Round Church, on much the same basis as before, but incorporating provisions for early release (within 12 months), and for a flexible response to the pressures of the current fiscal environment.

A key concern for us is the nature of the tourist market as we emerge from the response to the pandemic. We hope, however, that our work has a sufficiently broad basis for us to focus on work which will appeal to a wider audience than ever before, including online, and that Cambridge's tourist population is significantly varied (both international and domestic) to entail a continued demand for tours and Visitor Centre services.

Future plans

We will continue to deliver online webinars. Once we are able to resume Round Church Talks in person, we will offer access to them online to audiences who cannot attend in person.

We will support the publication of the book manuscripts in late 2021 or early 2022.

Re-opening the Visitor Centre and resuming Guided Walks will take place as soon as possible in 2021.

Developing our internal management systems, donor relations and marketing are also priorities for 2021.

Page 2

CHRISTIAN HERITAGE (REGISTERED NUMBER: 03688829)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2020

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is a charitable company limited by guarantee and was incorporated on 24th December 1998. It is governed by articles of association which were adopted on 1 July 2014. Its objects and principal activity is to advance the Christian religion and promote Christian theology in accordance with the Bible. This is done in the following ways:

Recruitment and appointment of new trustees

A panel comprising existing trustees selects members of the trustee board at the suggestion of the Trustees. Trustees are selected both for their sympathy for and knowledge of the work of Christian Heritage and for their professional skills. Trustees serve for a period agreed at the time of their appointment.

Organisational structure

There are presently six trustees who meet at least four times a year. Each of these meetings is attended by the Director Andrew Fellows. Alongside the Director's report on the activities undertaken by the Charity, the Trustees play an active role in overseeing the financials of the organisation, which includes the setting of an annual budget. They are also involved in the process of strategic planning, especially in the implementation of new vision.

Induction and training of new trustees

Trustees are well known to the charity prior to being appointed and are therefore familiar with the work of the charity and the expectation placed on the trustees. Any technical aspect of the work of the trustees is referred to a relevant professional who may be a trustee or an outside professional.

Controls

Whilst the trustees are satisfied that the current system of internal controls, financial and otherwise, are adequate for the size of the charity and the funds involved, they are fully aware that as the charity grows, changes may need to be made. Reviews are therefore carried out from time to time and improvements are introduced whenever necessary. Preparation of monthly cash flow, forecasts and budgets and regular monitoring continues with reports being sent to the Trustees.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03688829 (England and Wales)

Registered Charity number

1076750

Registered office

The Round Church Vestry Bridge Street CAMBRIDGE Cambridgeshire CB2 1UB

Page 3

CHRISTIAN HERITAGE (REGISTERED NUMBER: 03688829)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

Trustees

Mrs E Cooper J W Fletcher Rev R C Macaulay K A Moss T S Laurence M C Lown (appointed 10/6/2020)

Independent Examiner

Matthew Pettifer FCA Institute of Chartered Accountants in England and Wales Staffords Chartered Accountants Unit 1, Cambridge House Camboro Business Park Oakington Road, Girton CAMBRIDGE Cambridgeshire CB3 0QH

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 24 September 2021 and signed on the board's behalf by:

J W Fletcher - Trustee

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHRISTIAN HERITAGE

Independent examiner's report to the trustees of Christian Heritage ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2020.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Matthew Pettifer FCA Institute of Chartered Accountants in England and Wales Staffords Chartered Accountants Unit 1, Cambridge House Camboro Business Park Oakington Road, Girton CAMBRIDGE Cambridgeshire CB3 0QH

Date: .............................................

Page 5

CHRISTIAN HERITAGE

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2020

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
25,230
Charitable activities
6
Ministry
-
Other trading activities
4
10,900
Investment income
5
20
Total
36,150
EXPENDITURE ON
Raising funds
1,728
Charitable activities
Ministry
42,372
Total
44,100
NET INCOME/(EXPENDITURE)
(7,950)
Transfers between funds
16
(11,846)
Net movement in funds
(19,796)
RECONCILIATION OF FUNDS
Total funds brought forward
34,601
TOTAL FUNDS CARRIED FORWARD
14,805		 Restricted
funds
£
61,113
52,606
-
-
113,719
-
127,978
127,978
(14,259)
11,846
(2,413)
32,735
30,322		 2020
Total
funds
£
86,343
52,606
10,900
20
149,869
1,728
170,350
172,078
(22,209)
-
(22,209)
67,336
45,127		 2019
Total
funds
£
260,418
24,337
23,654
123
308,532
988
275,880
276,868
31,664
-
31,664
35,672
67,336

The notes form part of these financial statements

Page 6

CHRISTIAN HERITAGE (REGISTERED NUMBER: 03688829)

BALANCE SHEET

31 DECEMBER 2020

Unrestricted
Restricted
funds
funds
Notes
£
£
FIXED ASSETS
Tangible assets
12
4,533
-
CURRENT ASSETS
Stocks
13
4,808
-
Debtors
14
440
903
Cash at bank
6,968
29,805
12,216
30,708
CREDITORS
Amounts falling due within one year
15
(1,944)
(386)
NET CURRENT ASSETS
10,272
30,322
TOTAL ASSETS LESS CURRENT
LIABILITIES
14,805
30,322
NET ASSETS
14,805
30,322
FUNDS
16
Unrestricted funds:
General fund
Restricted funds:
Saints and Scholars
Personal Support 4
Personal Support 6
Personal Support 7
Personal Support 9
Personal Support 10
Mandarin Project
Culture Recovery Fund
TOTAL FUNDS		 2020
Total
funds
£
4,533
4,808
1,343
36,773
42,924
(2,330)
40,594
45,127
45,127
14,805
-
3,230
-
-
(1,757)
-
6,349
22,500
30,322
45,127		 2019
Total
funds
£
6,044
6,423
10,665
46,573
63,661
(2,369)
61,292
67,336
67,336
34,601
4,999
11,136
3,276
6,592
(677)
1,060
6,349
-
32,735
67,336

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The notes form part of these financial statements

continued...

Page 7

CHRISTIAN HERITAGE (REGISTERED NUMBER: 03688829)

BALANCE SHEET - continued 31 DECEMBER 2020

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 24 September 2021 and were signed on its behalf by:

J W Fletcher - Trustee

The notes form part of these financial statements

Page 8

CHRISTIAN HERITAGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. LEGAL FORM

Christian Heritage is a company limited by guarantee and has no share capital. The Trust was incorporated in England and its registered office is The Round Church Vestry, Bridge Street Cambridge, CB2 1UB. The functional currency of the Trust is Sterling.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Public Benefit

Christian Heritage meets the definition of a public benefit entity under FRS 102.

Significant judgements

Apart from those judgements involving estimations, the management has not made any judgements in the process of applying the entity's accounting policies that have significant effect on the amounts recognised in the accounts. There are no key assumptions concerning the future or other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

continued...

Page 9

CHRISTIAN HERITAGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

2. ACCOUNTING POLICIES - continued

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds:

The charity maintains a general unrestricted fund, which represents funds which are expendable at the discretion of the Trustees in furtherance of the objectives of the charity.

Restricted funds:

Restricted funds have been provided to the charity for particular purposes and it is the policy of the board of trustees to monitor carefully the application of those funds in accordance with the restrictions placed upon them.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Donated services

The charity has benefited from the contribution of unpaid general volunteers, but has not recognised this donated service in the accounts.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments and accrued income are recognised at the amount prepaid or accrued net of any trade discounts due.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a maturity of 3 months or less from the date of acquisition or opening of the deposit..

Creditors

Creditors are recognised when the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value

continued...

Page 10

CHRISTIAN HERITAGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

3.
DONATIONS AND LEGACIES
Donations- general
4.
OTHER TRADING ACTIVITIES
Shop income
5.
INVESTMENT INCOME
Deposit account interest
6.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Income from tours
Ministry
Income from visitor centre
Ministry
Grants
Ministry
Grants received, included in the above, are as follows:
National Heritage COVID grant
JRS Covid Furlough Grant
7.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Deficit on disposal of fixed assets		 2020
£
86,343
2020
£
10,900
2020
£
20
2020
£
-
-
52,606
52,606
2020
£
22,500
30,106
52,606
2020
£
1,511
-		 2019
£
260,418		 2019
£
260,418
2019
£
23,654
2019
£
123
2019
£
10,000
14,337
-
24,337
2019
£
-
-
-
2019
£
2,014
2

continued...

Page 11

CHRISTIAN HERITAGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

8. INDEPENDENT EXAMINERS' REMUNERATION

The Independent Examiner received remuneration of £2,148 (2019: £2,064) for the examination of the Financial Statements.

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.

There was no Trustees compensation in the year.

Key personal management personnel were compensated £78,750 (2019: £74,445).

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2020
£
116,731
11,270
2,161
130,162		 2019
£
178,829
14,141
2,786
195,756

The average monthly number of employees during the year was as follows:

Number of full time staff
Number of part time staff		 2020
3
1
4		 2019
5
1
6

No employees received emoluments in excess of £60,000.

continued...

Page 12

CHRISTIAN HERITAGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
66,778
Charitable activities
Ministry
24,337
Other trading activities
23,654
Investment income
123
Total
114,892
EXPENDITURE ON
Raising funds
988
Charitable activities
Ministry
73,551
Total
74,539
NET INCOME/(EXPENDITURE)
40,353
Transfers between funds
(5,258)
Net movement in funds
35,095
RECONCILIATION OF FUNDS
Total funds brought forward
(494)
TOTAL FUNDS CARRIED FORWARD
34,601		 Restricted
funds
£
193,640
-
-
-
193,640
-
202,329
202,329
(8,689)
5,258
(3,431)
36,166
32,735		 Total
funds
£
260,418
24,337
23,654
123
308,532
988
275,880
276,868
31,664
-
31,664
35,672
67,336

continued...

Page 13

CHRISTIAN HERITAGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

12. TANGIBLE FIXED ASSETS

COST
At 1 January 2020 and 31 December 2020
DEPRECIATION
At 1 January 2020
Charge for year
At 31 December 2020
NET BOOK VALUE
At 31 December 2020
At 31 December 2019
13.
STOCKS
Stocks
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
Accruals and deferred income		 2020
£
4,808
2020
£
1,343
2020
£
386
1,944
2,330		 Fixtures
and
fittings
£
51,935		 Fixtures
and
fittings
£
51,935
45,891
1,511
47,402
4,533
6,044
2019
£
6,423
2019
£
10,665		 2019
£
6,423
2019
£
521
1,848
2,369

continued...

Page 14

CHRISTIAN HERITAGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

16. MOVEMENT IN FUNDS

At 1/1/20
£
Unrestricted funds
General fund
34,601
Restricted funds
Saints and Scholars
4,999
Personal Support 4
11,136
Personal Support 6
3,276
Personal Support 7
6,592
Personal Support 9
(677)
Personal Support 10
1,060
Personal Support 11
-
Mandarin Project
6,349
Culture Recovery Fund
-
32,735
TOTAL FUNDS
67,336
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Personal Support 4
Personal Support 6
Personal Support 7
Personal Support 9
Personal Support 10
Personal Support 11
Culture Recovery Fund
TOTAL FUNDS		 Net
movement
in funds
£
(7,950)
-
(7,906)
(3,276)
(6,592)
(3,280)
(1,060)
(14,645)
-
22,500
(14,259)
(22,209)
Incoming
resources
£
36,150
38,880
1,278
1,533
20,326
1,440
27,762
22,500
113,719
149,869		 Transfers
between
At
funds
31/12/20
£
£
(11,846)
14,805
(4,999)
-
-
3,230
-
-
-
-
2,200
(1,757)
-
-
14,645
-
-
6,349
-
22,500
11,846
30,322
-
45,127
Resources
Movement
expended
in funds
£
£
(44,100)
(7,950)
(46,786)
(7,906)
(4,554)
(3,276)
(8,125)
(6,592)
(23,606)
(3,280)
(2,500)
(1,060)
(42,407)
(14,645)
-
22,500
(127,978)
(14,259)
(172,078)
(22,209)

Page 15

continued...

CHRISTIAN HERITAGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net Transfers
movement between At
At 1/1/19 in funds funds 31/12/19
£ £ £ £
Unrestricted funds
General fund (494) 40,353 (5,258) 34,601
Restricted funds
Personal Support 1 6,028 2,947 (8,975) -
Saints and Scholars 4,999 - - 4,999
Personal Support 4 4,136 7,000 - 11,136
Personal Support 5 2,860 1,718 (4,578) -
Personal Support 6 2,860 (4,162) 4,578 3,276
Personal Support 7 8,791 (2,199) - 6,592
Personal Support 8 (119) (1,259) 1,378 -
Personal Support 9 (221) (456) - (677)
Personal Support 10 6,832 (5,772) - 1,060
Personal Support 11 - (12,855) 12,855 -
Mandarin Project - 6,349 - 6,349
36,166 (8,689) 5,258 32,735
TOTAL FUNDS 35,672 31,664 - 67,336

Page 16

continued...

CHRISTIAN HERITAGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

16. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Personal Support 1
Personal Support 2
Personal Support 4
Personal Support 5
Personal Support 6
Personal Support 7
Personal Support 8
Personal Support 9
Personal Support 10
Personal Support 11
History in the Round
Mandarin Project
TOTAL FUNDS		 Incoming
resources
£
114,892
30,184
2,580
53,348
5,119
2,563
27,674
23,267
18,664
13,635
9,957
300
6,349
193,640
308,532		 Resources
Movement
expended
in funds
£
£
(74,539)
40,353
(27,237)
2,947
(2,580)
-
(46,348)
7,000
(3,401)
1,718
(6,725)
(4,162)
(29,873)
(2,199)
(24,526)
(1,259)
(19,120)
(456)
(19,407)
(5,772)
(22,812)
(12,855)
(300)
-
-
6,349
(202,329)
(8,689)
(276,868)
31,664

continued...

Page 17

CHRISTIAN HERITAGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1/1/19 in funds funds 31/12/20
£ £ £ £
Unrestricted funds
General fund (494) 32,403 (17,104) 14,805
Restricted funds
Personal Support 1 6,028 2,947 (8,975) -
Saints and Scholars 4,999 - (4,999) -
Personal Support 4 4,136 (906) - 3,230
Personal Support 5 2,860 1,718 (4,578) -
Personal Support 6 2,860 (7,438) 4,578 -
Personal Support 7 8,791 (8,791) - -
Personal Support 8 (119) (1,259) 1,378 -
Personal Support 9 (221) (3,736) 2,200 (1,757)
Personal Support 10 6,832 (6,832) - -
Personal Support 11 - (27,500) 27,500 -
Mandarin Project - 6,349 - 6,349
Culture Recovery Fund - 22,500 - 22,500
36,166 (22,948) 17,104 30,322
TOTAL FUNDS 35,672 9,455 - 45,127

continued...

Page 18

CHRISTIAN HERITAGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Personal Support 1
Personal Support 2
Personal Support 4
Personal Support 5
Personal Support 6
Personal Support 7
Personal Support 8
Personal Support 9
Personal Support 10
Personal Support 11
History in the Round
Mandarin Project
Culture Recovery Fund
TOTAL FUNDS		 Incoming
resources
£
151,042
30,184
2,580
92,228
5,119
3,841
29,207
23,267
38,990
15,075
37,719
300
6,349
22,500
307,359
458,401		 Resources
Movement
expended
in funds
£
£
(118,639)
32,403
(27,237)
2,947
(2,580)
-
(93,134)
(906)
(3,401)
1,718
(11,279)
(7,438)
(37,998)
(8,791)
(24,526)
(1,259)
(42,726)
(3,736)
(21,907)
(6,832)
(65,219)
(27,500)
(300)
-
-
6,349
-
22,500
(330,307)
(22,948)
(448,946)
9,455

Personal Support Funds : These funds consists of gifts from individual supporters for the salary costs of members of staff.

Saints and Scholars : This fund consists of income and expenditure on the production of the Saints and Scholars Film.

Mandarin Project: This funds consists of gifts for the translation of written material and the guided walk narrative into Ma ndarin.

Cultural Recovery Fund : Funding from the National Lottery Heritage Fund to help the charity reopen and recover.

Transfers between funds

During the year £2,200 was transferred from the general fund to PS9 and £14,645 was transferred from the general fund to PS11 to support the shortfall in donations raised to cover the salary.

£4, 999 was transferred from the Saints and Scholars fund to the general fund to reflect salary costs incurred for the saints and scholars project that have previously been reflected in the general fund.

continued...

Page 19

CHRISTIAN HERITAGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2020.

Page 20