2021-12-31-accounts

				Page
Trustees' Report				1-6
Independent Examiner's		Report
Statement of Financial	Activities		(including
income and expenditure		account)
Balance Sheet
Notes tothe Accounts				10-19

and financial statements	and financial statements	and financial statements	for the purposes ofthe Companies Act2006	for the purposes ofthe Companies Act2006	for the purposes ofthe Companies Act2006	for the purposes ofthe Companies Act2006	for the purposes ofthe Companies Act2006	.	.	.
The accounts have been			prepared in accordance with the accounting					policies set out in note			1 to the accounts
and comply		with the charitable		company's memorandum		and articles,		the Companies		Act2006,		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)	and
section 1A		ofFRS 102.
Legal and		administrative	information
Trustees				Mrs Elizabeth Barker
				Mr Richard Sewell			(deceased 28 July			2021)
				Dr Glennis Willams
				Mr John Charles Whitehead
				Mr Gregory George
				Mr Stuart Walker
Secretary				Mrs Gillian Ryeland
Director				Rev'd John Ryeland
Charity number				1080534
Company	number			03877993
Registered		Office		International House,
				142 Cromwell Road,	London,
				England, SW7 4EF
Illdependent		Examiner		Steve Ellum
				Steve Ellum &Associates		Limited
				Chartered Accountants
				Adulam House, Gian	YrAfon, Llanelli			SA153QB
Bankers				CafCash Limited
				Kings Hill
				West Mailing Kent
				ME194TA
Investment		advisors		Ruffer Investment Management			Limited
				80Victoria Street
				London SW1E5JL

				Unrestricted	Restricted	Total	Total
				Funds	funds	2021	2020
			Notes		E
Income and endowments		from:
Other donations and legacies				38,960		38,960	98,481
Investment income				29,865		29,865	15,139
Other sources							824,229
				68,825		68,825	937,849
Income charitable activities				1,166		1,166	2,028
Total income				69,991		69,991	939,877
Expenditure on:
Raising funds				859		859	2,401
Charitable activities:
Ministry and teaching				128,150		128,150	150,782
Total expenditure				129,009		129,009	153,183
Net gains on investments				94,328		94,328	63,296
Net gain on revaluation	offixed assets		18				857,000
Net expenditure for the year and
Net movement in funds				35,310		35,310	1,706,990
Fund balances at 1 January		2021	18	2,813,097		2,813,097	1,106,107
Fund balances at 31 December 2021			18	2,848,407		2,848,407	2,813,097

					2021	:2020
.Ftaed;ass'afs: Tangible asaets. ijiy'estmenS'					1,202;716 1,576;257		1;203;621 1,479,370.
					2,778;973
Current, assets 8tocks Debtors. Caah at:hank"an'd,	irifiend			4,68'9 5,490 69;449		5;1'72. 4,941 131'195:
						'141,308.
Creditors;. ainounts One.pea'r	falli+-due withiri		14	(10„1.94}		(1'1,202}
Net ctjrrent assets					89;434
Total asseta le'ss	cur'rent lisbill6es				2,848„407		2;813,097
Craditaral arnOLtnta		fall!ng due'.after
More'thah on'e.year
							'
					2 S'48'i497		.2,813,697.
lncoN'e funds Unrestrtcte'd funds RevaIuahon: Reserve					2,848,407		1,956,097 857:,000
					2,848,407		2,813,097

Donation and legacies
				2021	2020
Other donations				30,353	27,186
Legacies				8,607	71,295
				38,960	98,481
nvestment Income
				2021	2020
					F
Income from listed investments				15,865	1,137
Rental income from investment		property		14,000	14,000
Interest receivable					2
				29,865	15,139
ncome from other sources
				2021	2020
Profit on disposal ofCambridge		Court			823,085
Profit on disposals					1,144
					824,229
ncome from charitable	activities
				2021	2020
				E	F
Publications, conferences	and	speaking	engagements	1,166	2,028

Total expend	iture
				Staff	Depreciation/	Other	Total	Total
				Costs	loss on	costs
					Disposal		2021	2020
Raising funds
Investment	property	management	costs			859	859	2,401
Charitable	activities
Minist and	teachin
Activities undertaken		directly		47,372		4,779	52,151	44,107
Support costs				61,186	905	13,908	75,999	106,675
				108,558	905	18,687	128,150	150,782
Total expenditure				108,558	905	19,546	129,009	153,183

Support cos	ts
		Ministry	Total	Total
		And	2021	2020
		Teaching
Premises costs				18,645
Communications		2,917	2,917	4,465
Staff costs		61,186	61,186	56,486
Depreciation		905	905	14,255
Other support	costs	9,135	9,135	10,544
Governance	costs	1,856	1,856	2,280
		75,999	75,999	106,675

Direct charitable	activities
Support staff

Employment costs
	2021	2020
Wages and salaries	93,381	82,417
Social security costs	5,231	3,702
Other pension costs	9,946	9,620
	108,558	95,739

	Land and	Building	Plant and	Fixtures,	Total
	Buildings	project	machinery	fittings &
				Equipment
		E
Cost
At 1 January 2021	1,200,000			52,894	1,252,894
Revaluation
Disposals
	1,200,000			52,894	1,252,894
Depreciation
At 1 January 2021				49,273	49,273
Charge for the year				905	905
Disposals
				50,178	50,178
Net book value
At 31 December 2021	1,200,000			2,716	1,202,716
At 31 December 2020	1,200,000			3,621	1,203,621

		Listed	Investment	Total
		Investments	property
Fair value at 1 January 2020		1,249,370	230,000	1,479,370
Disposals at carrying value
Change in value	in the year	94,328		94,328
Additions		2,559		2,559
Fair value at 31	December 2020	1,346,257	230,000	1,576,257

13	Debtors
			2021	2020
			E
	Other debtors		2,216	3,242
	Prepayments	and accrued income	3,274	1,699
			5,490	4,941

	2021	2020
	F
Taxes and social security costs	2,351	2,025
Other creditors (see note 15)	5,000	7,000
Accruals	2,843	2,177
	10,194	11,202

%of pensionable	stipends	January 2018to	January 2021to
		December 2020	December 2022
Deficit repair contributions		119%	7.1%

		December 2021	December 2020	December 2019
Discount rate		0.0% pa	0.2% pa	1.1%pa
Price inflation Increase to total pensionable	payroll	nla -1.5%pa	3.1%pa 1.6% pa	2.8% pa 136%pa

					Unrestricted	Restricted	Total
					funds	funds
Brought forward					2,813,097		2,813,097
Income in year					69,991		69,991
Expenditure in year					(129,009)		(129,009)
Investment gains	in	year			94,328		94,328
Revaluation Reserve - Property
Carried forward					2,848,407		2,848,407
Analysis ofnet assets between			funds
					Unrestricted	Total	Total
					funds	2021 E	2020f
Fund balances at	31 December 2020 are represented			by:
Tangible fixed assets					1,202,716	1,202,716	1,203,621
Investments					1,576,257	1,576,257	1,479,370
Current assets					79,628	79,628	141,308
Creditors: amounts		falling due within	one year		(10,194)	(10,194)	(11,202)
Creditors: amounts		falling due after	more than one year
					2,848,407	2,848,407	2,813,097