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