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2021-12-31-accounts

God's Vision Church

Report and Accounts Year ended 31 December 2021

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

GOD'S VISION CHURCH

CHARITY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2021

Trustees

Dr Ji-Won Choi Mr Young Joo Lee (senior pastor) Mr Jin-Hong Mun (resigned 25 February 2021) Mr Sihyun Yun (appointed 25 February 2021)

Key staff

Mr Young Joo Lee (senior pastor)

Custodian Trustees

Mr Hye Ran Kim Mr Hye Ran Lee Mr Jung Hwan Lee (All the above named individuals are former trustees of the charity).

Governing Document

Declaration of Trust dated October 2000 (as revised by supplementary deeds made in 2006 and 2007)

Charity Registration Number 1084401 Principal Address: 11, Daybrook Road Wimbledon London SW19 3DJ Independent Examiner Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB Bankers Lloyds Bank plc

CONTENTS

Page
Charity Information 1
Report of the Trustees 2-4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8-13
Detailed Statement of Financial Activities with Comparatives 14

Page 1

GOD'S VISION CHURCH

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2021

The trustees have pleasure in submitting the Report and Accounts for the year.

Objects of the charity

The charity is a trust and is governed by its Trust Deed. The principal object of the charity, as set out in the governing document, is to advance the Christian faith to people from various ethnic backgrounds in London, in the United Kingdom and in other parts of the world.

Summary of the charity's main activities and achievements

The charity, our church, strongly believes in and depends upon its regular Sunday and Wednesday services to maintain its strong faith, especially during the continuing Covid pandemic. The charity's strategy has been to rent the church building of the Welsh Baptist Church in 30 Eastcastle Street, W1W 8DJ, for services and this has greatly helped encourage new members to worship in Central London. In March 2020, the charity took steps (in line with government advice) to help contain the nationwide outbreak of Covid-19 by switching to fully online services including Sunday and Wednesday services, cell meetings and Sunday schools. As the nation gradually reopened to small group gatherings, our church remained focused on the online services, but the small groups started gathering outside the church to rejuvenate fellowship and encouraged isolated members of the congregation.

The charity is also supporting some church members through a modest scholarship program so that they may be equipped to serve the church worldwide. The charity annually holds two retreats to strengthen our beliefs and fellowship within the church, and use this opportunity to invite non-church friends and families. However, both Easter and Christmas retreats were cancelled this year in response to Covid-19 restrictions. The charity has continued to serve the local communities in which it operates to bring the love of Christ to them. This has been accomplished through the work of many committed volunteers who are 'salt and light' of the area. The charity's Saturday Street Mission in Oxford Circus, Regent Street, Piccadilly Circus, Tottenham Court, Soho and Leicester Square is continuing to bring the gospel to many different peoples and inviting them to local churches including ours. During lockdown, the teams diverted their efforts to training. The charity provides live English interpretations for all our online church services, including English-speaking cell. During online services, this was achieved remotely through the efforts of the new Production team. English translations are provided for the core bible study curriculums to welcome and encourage non-Koreans to share in the blessing of God. The charity is also continuing its work to support churches for ethnic minorities to allow them to listen to the gospel and share in fellowship in their own language and become closer to God.

Overseas, the charity continues to work with local Christian missionary work in India where more than half of the world’s unreached people live. This has been the charity's passion and we are blessed to be taking part in this great vision. Every fourth Sunday service is held as a Missionary Week Service where all the missionary offerings are then used for the India mission. During the year the charity supported several Korean missionaries who work in the UK and overseas.

In planning activities the trustees have applied the guidance on public benefit issued by the Charity Commission.

Page 2

GOD'S VISION CHURCH

REPORT OF THE TRUSTEES continued

Structure, Governance and Management

Responsibility for setting policy and for determining the parameters within which the charity should operate rests with the trustees who meet regularly to monitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to a team led by Rev Y J Lee. New trustees are recruited and appointed by the existing trustees, by a majority vote.

Financial review

During the year income increased by £61,280 to £380,435 due to the generosity of the charity's supporters. Expenditure increased by £46,021 to £213,429. This was mainly due to an increase in employment costs and amounts distributed as grants. Grants included payments to help those affected by COVID and a new ministry to people in need. As a result the surplus for the year was £167,007 (2020: £151,748) and the charity's net assets increased by £167,007 to £1,455,535. Net assets comprised tangible fixed assets of £630,635 and net current assets of £824,900. Net current assets included cash of £829,672, of which £806,721 was unrestricted.

Reserves policy

The trustees have determined that the charity should aim to hold cash of no less than £150,000 in general funds so that the charity could continue to operate should income and / or expenditure vary adversely. The trustees are also seeking to accumulate reserves to fund further investment in property for use by the charity. At the year end the charity held unrestricted cash of £806,721 for these two purposes.

Key risks and uncertainties

The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

Responsibilities of trustees under charity law

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources for the financial year. In preparing these financial statements, the trustees are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material

departures disclosed and explained in the financial statements; and

  1. prepare the financial statements on a going concern basis unless it is inappropriate to presume that

the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 3

GOD'S VISION CHURCH

REPORT OF THE TRUSTEES continued

Approval

This report was approved by the trustees and signed on their behalf by:

Y J Lee

---------------------------------------------------------------Rev Y J Lee

Date: 18 March 2024

Page 4

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

GOD'S VISION CHURCH

('the Charity')

I report to the trustees on my examination of the accounts of the Charity for the year ended 31 December 2021 on pages 6 to 14 following, which have been prepared on the basis of the accounting policies set out on pages 8 and 9.

Responsibilities and basis of report

As the charity’s trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies.

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 Charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Ajay Rajani

Ajay Rajani FCIE Fellow of the Association of Charity Independent Examiners Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: 18 March 2024

Page 5

GOD'S VISION CHURCH

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2021

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income and endowments
EXPENDITURE ON:
Charitable activities:
6
Total expenditure
Net income/(expenditure)
Transfers between funds
13
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
13		 Unrestricted
Funds
£
342,673
2,325
12,377
357,374
201,054
201,054
156,321
(370)
155,951
1,273,980
1,429,931		 Restricted
Funds
£
23,061
-
-
23,061
12,375
12,375
10,686
370
11,056
14,548
25,604		 Total
Funds
2021
£
365,733
2,325
12,377
380,435
213,429
213,429
167,007
-
167,007
1,288,528
1,455,535		 Total
Funds
2020
£
312,030
710
6,415
319,155
167,407
167,407
151,748
-
151,748
1,136,780
1,288,528

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The notes on pages 8 to 14 form part of these accounts.

Page 6

GOD'S VISION CHURCH

BALANCE SHEET

FOR THE YEAR ENDED 31 DECEMBER 2021

Unrestricted Funds Total Unrestricted Funds Total
General Designated Restricted Funds Unrestricted Designated Restricted Funds
Funds Funds Funds 2021 Funds Funds Funds 2020
Note £ £ £ £ £ £ £ £
FIXED ASSETS
Tangible assets 8 2,324 628,311 - 630,635 1,099 630,611 - 631,710
2,324 628,311 - 630,635 1,099 630,611 - 631,710
CURRENT ASSETS
Debtors 9 33,000 - 2,653 35,653 61,395 - 2,230 63,625
Cash at bank and in hand 10 806,721 - 22,951 829,672 609,143 - 12,318 621,461
839,721 - 25,604 865,325 670,538 - 14,548 685,086
CREDITORS: Amounts falling
due within one year 11 40,425 - - 40,425 28,268 - - 28,268
Net current assets 799,296 - 25,604 824,900 642,270 - 14,548 656,818
TOTAL NET ASSETS 801,620 628,311 25,604 1,455,535 643,369 630,611 14,548 1,288,528
FUND BALANCES 13
Unrestricted Funds
General funds 801,620 - - 801,620 643,369 - - 643,369
Designated funds - 628,311 - 628,311 - 630,611 - 630,611
801,620 628,311 - 1,429,931 643,369 630,611 - 1,273,980
Restricted Funds - - 25,604 25,604 - - 14,548 14,548
801,620 628,311 25,604 1,455,535 643,369 630,611 14,548 1,288,528

The financial statements were approved by the Board of Trustees and were signed on its behalf by:

Y J Lee

--------------------------------------Rev Y J Lee

Date: 18 March 2024

The notes on pages 8 to 14 form part of these accounts.

Page 7

GOD'S VISION CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1 Statutory Information

The charity is a trust registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats and other events and courses.

Investment income represents income generated by the charity's assets and includes income from letting charity property and bank interest.

c) Expenditure Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

Page 8

GOD'S VISION CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

2 Accounting Policies continued

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Freehold property Freehold land is not depreciated; the freehold building is depreciated over 50 years after taking account of its residual value. Long leasehold property The premium paid for long leasehold property is amortised over the term of the lease. Equipment Over 3 to 7 years Motor vehicles Over 5 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

The trustees consider the residual value of the charity's freehold building to be very high and have determined that the annual charge for depreciation, and cumulative provision, is immaterial.

f) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

g) Taxation

The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

h) Financial instruments

The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive).

i) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

j) Critical accounting estimates and areas of judgement

ln preparing financial statements certain judgements, estimates and assumptions have to be made that affect the amounts recognised in the financial statements. The trustees consider the following to be significant:

3 Donations and legacies

Donations of cash and similar
Income tax recoverable
me from charitable activities
Church retreats and events
Book sales
stment income
Property letting
Bank interest		 2021
£
316,005
49,728
365,733
2021
£
165
2,160
2,325
2021
£
12,310
67
12,377		 2020
£
282,030
30,000
312,030
2020
£
710
-
710
2020
£
6,250
165
6,415

4 Income from charitable activities

Page 9

GOD'S VISION CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

6 Charitable expenditure

6
Charitable expenditure
a
Costs incurred directly on charitable activities
Employment costs
Ministerial support costs
Church retreats and events
Other church activities
Letting of premises
Church property expenses
Motor and travelling
Grants payable (note 6c)
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee for preparing
and examining the accounts
Professional fees
Equipment and office supplies
Sundry costs
Depreciation
Total expenditure		 2021
£
90,133
8,170
16,723
11,620
11,930
6,923
598
48,390
194,487
3,500
1,320
8,229
1,332
4,561
18,942
213,429		 2020
£
70,677
5,229
11,068
9,513
12,195
8,053
1,843
29,669
148,246
2,880
3,977
4,663
3,141
4,500
19,161
167,407

In addition to the fees payable for the preparation and examination of the accounts, the charity paid £608 (2020: £539) to Stewardship for payroll bureau services.

c Grants payable

Grants for UK and overseas mission
Grants to help relieve poverty
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants to help relieve poverty
Grants for education, including ministry training
The charity's principal grants to institutions comprised:
GAP Korea
GAP India
Salvation Army: Regent Hall
Morocco GCIK
King's College Hospital
Magic Breakfast
Royal Trinity Hospice
Philippine Deaf School		 Institutions
£
15,600
13,038
28,638
Institutions
£
-
6,200
-
6,200		 Individuals
£
8,914
10,838
19,752
Individuals
£
21,851
1,018
600
23,469
2021
£
15,600
10,263
2,775
-
-
-
-
-
28,638		 2021
£
24,514
23,876
48,390
2020
£
21,851
7,218
600
29,669
2020
£
-

-
-
2,000
1,200
1,000
1,000
1,000
6,200

Page 10

GOD'S VISION CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

7 Analysis of staff costs, the cost of key management personnel and trustee remuneration

The average monthly number of employees during the year was 2 (2020: 2). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees and the key staff named on the Charity Information page. Total employment benefits payable to key management for the year were as follows:

Pastor Y J Lee, who is a trustee
The following amounts were charged in the previous year:
Pastor Y J Lee, who is a trustee		 Wages &
salaries
47,775
Wages &
salaries
45,000		 Employer
pension
contributions
4,552
Employer
pension
contributions
3,433		 2021
£
52,327
2020
£
48,433

Pastor Lee served as church leader and received the above payments for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document.

In addition the charity incurred expenditure in respect of the customary provision of accommodation to the church's minister, Rev Y J Lee (who is also a trustee), so that he could better perform his duties.

8 Tangible fixed assets

Cost
At 1 January 2021
Additions
At 31 December 2021
Accumulated depreciation
At 1 January 2021
Charge for the year
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020		 Freehold
property
£
432,511
-
432,511
-
-
-
432,511
432,511		 Long
leasehold
property
£
205,000
-
205,000
6,900
2,300
9,200
195,800
198,100		 Fixtures,
fittings and
equipment
£
6,599
3,486
10,085
5,500
2,261
7,761
2,324
1,099		 Vehicles
£
16,410
-
16,410
16,410
-
16,410
-
-		 Total
2021
£
660,520
3,486
664,006
28,810
4,561
33,371
630,635
631,710

The charity's freehold property and long leasehold property comprise two residential properties. The lease for the long leasehold property expires in 86 years.

9 Debtors

Tax recoverable
10
Cash at Bank and in Hand
Bank current account
Bank deposit account		 2021
£
35,653
35,653
2021
£
219,828
609,844
829,672		 2020
£
63,625
63,625
2020
£
95,673
525,788
621,461

Page 11

GOD'S VISION CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

11 Creditors: liabilities falling due within one year

itors: liabilities falling due within one year
Trade creditors
Other creditors
Accrued expenses
Grant obligations		 2021
£
5,801
645
9,260
24,720
40,425		 2020
£
-
508
5,760
22,000
28,268

12 Pension commitments

During the year employer’s pension contributions totalling £7,330 (2020: £5,049) were payable to defined contribution pension schemes. At the balance sheet date pension contributions totalling £645 (2020: £508) were owed.

13 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Property fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Building fund
COVID 19 fund
Overseas Missions fund
Aggregate of funds		 Opening
balance
2021
£
630,611
643,369
1,273,980
3,368
2,405
8,775
14,548
1,288,528		 Incoming
resources
2021
£
-
357,374
357,374
-
-
23,061
23,061
380,435		 Outgoing
resources
2021
£
(2,300)
(198,754)
(201,054)
-
(2,775)
(9,600)
(12,375)
(213,429)		 Transfers
in the year
2021
£
-
(370)
(370)
-
370
-
370
-		 Closing
balance
2021
£
628,311
801,620
1,429,931
3,368
-
22,236
25,604
1,455,535

In the previous year the movements in the charity's funds were as follows:

Designated Funds
Property fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Building fund
COVID 19 fund
Overseas Missions fund
Aggregate of funds		 Opening
balance
2020
£
632,911
496,761
1,129,672
3,368
-
3,740
7,108
1,136,780		 Incoming
resources
2020
£
-
294,395
294,395
-
10,126
14,635
24,761
319,155		 Outgoing
resources
2020
£
(2,300)
(147,786)
(150,086)
-
(7,721)
(9,600)
(17,321)
(167,407)		 Transfers
in the year
2020
£
-
-
-
-
-
-
-
-		 Closing
balance
2020
£
630,611
643,369
1,273,980
3,368
2,405
8,775
14,548
1,288,528

Page 12

GOD'S VISION CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

13 Funds continued

The charity's designated Property fund represents resources invested in freehold property. Whilst these funds are unrestricted, they are not readily available for immediate use in the short term.

The charity's restricted funds comprise:

14 Transactions with related parties

During the year the charity:

Except as disclosed in note 7 'Analysis of staff costs', there have been no other transactions with related parties during the year.

Page 13

GOD'S VISION CHURCH

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2021

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income and endowments
EXPENDITURE ON:
Charitable activities:
6
Total expenditure
Net income/(expenditure)
Transfers between funds
13
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
13		 General
2021
£
342,673
2,325
12,377
357,374
198,754
198,754
158,621
(370)
158,251
643,369
801,620
Unrestrict		 Unrestrict Designated
2021
£
-
-
-
-
2,300
2,300
(2,300)
-
(2,300)
630,611
628,311
ed Funds		 Restricted
2021
£
23,061
-
-
23,061
12,375
12,375
10,686
370
11,056
14,548
25,604		 Total
2021
£
365,733
2,325
12,377
380,435
213,429
213,429
167,007
-
167,007
1,288,528
1,455,535		 General
2020
£
287,269
710
6,415
294,395
147,786
147,786
146,608
-
146,608
496,761
643,369
Unrestrict		 Unrestrict Designated
2020
£
-
-
-
-
2,300
2,300
(2,300)
-
(2,300)
632,911
630,611
ed Funds		 Restricted
2020
£
24,761
-
-
24,761
17,321
17,321
7,440
-
7,440
7,108
14,548		 Total
2020
£
312,030
710
6,415
319,155
167,407
167,407
151,748
-
151,748
1,136,780
1,288,528

Page 14