**REGISTERED COMPANY NUMBER: 04107822 (England and Wales) REGISTERED CHARITY NUMBER: 1084546** **Report of the Trustees and** **Unaudited Financial Statements** **for the Year Ended 31 December 2020** **for** **Chemin Neuf Community** Somerset Accountancy Services Ltd 22 Wessex Park Bancombe Business Estate Somerton Somerset TA11 6SB **Chemin Neuf Community** **Contents of the Financial Statements for the Year Ended 31 December 2020** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|6| |**Independent Examiner's Report**||7|| |**Statement of Financial Activities**||8|| |**Balance Sheet**|9|to|10| |**Notes to the Financial Statements**|11|to|17| |**Detailed Statement of Financial Activities**|18|to|19| **Chemin Neuf Community** **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). ## **OBJECTIVES AND ACTIVITIES Objectives and aims** The objects of the Charity are the advancement of the religious and other charitable work of the Congregation as the Trustees with the approval of the Superior shall from time to time think fit and if at any time the Congregation shall cease to exist or shall cease to carry on religious or other charitable work then for such other lawful charitable purposes connected with the advancement of the Roman Catholic religion as the Trustees shall determine. The religious work of the Charity includes running the Catholic parish of Cockfosters, as well as a team helping the formation programme of the Community of St Anselm in Lambeth Palace, and supporting the prayer life in Lambeth Palace. The Community also conducts retreats, quiet days and other spiritual programmes. In normal years these are held regularly in Storrington Priory, West Sussex, and in Sclerder Abbey, Cornwall, and are for married couples, for single people and for young people. Because of the lockdowns caused by the Covid-19 pandemic, during 2020 the majority of retreats and programmes planned after March 2020 had to be cancelled. However, from April 2020 a number of online retreats and quiet days were run successfully, and these attracted larger numbers of participants than our equivalent retreats in person had done in the past. In periods of partial relaxation of lockdowns in summer and autumn 2020 we were able to run a limited number of events in person, but with considerably restricted numbers of participants in order to observe Covid-safe rules. Our larger events - the Cana session for couples and families, and the summer language programmes with spiritual content had to be completely cancelled. Some of the programmes and retreats we were able to run were assisted by volunteers. For its other charitable work the Charity's six year period of grant support from Comic Relief to support the work of Chemin Neuf Community in Kinshasa, Democratic Republic of Congo came to an end. This grant was for the purpose of caring for street children, reuniting them with their families, and following up to ensure a more sustainable family unit. (See section below). The final payments to Kinshasa from the money received from Comic Relief were made during 2020. However, the Charity continued to receive donations from individuals to support this work, and we expect smaller contributions to continue to be made for this project in future years. Because fewer retreats and other missions were held in person, there was a reduction of income from charitable activities of £90,000 compared to 2019. However, this was more than offset by a reduction in unrestricted expenditure of £132,000. In addition donations increased by about £60,000, mainly due to two large private donations. The net effect in 2020 was an increase of unrestricted funds of nearly £105,000 (£96,000 increase in total funds after paying out almost all the remaining restricted funds held for Kinshasa). Money held in restricted funds for Other International Missions were not called upon during 2020, but a substantial payment has been made during the first half of 2021. Page 1 **Chemin Neuf Community** **Report of the Trustees for the Year Ended 31 December 2020** ## **OBJECTIVES AND ACTIVITIES Project to reintegrate street children in Kinshasa, Democratic Republic of the Congo** Chemin Neuf Community in the UK supports a successful project in Kinshasa, Democratic Republic of Congo (DRC) for sustainable reintegration of street children. The project is run in Kinshasa by LBM, a secular Congolese NGO set up by Chemin Neuf Community's affiliate in the DRC. The primary objective of the programme is to reunite street children with their families. The programme started in 2004 with care and reunification of boys, and since 2011 has taken in and reunified girls as well. All the young girls, and some of the more vulnerable boys, are accommodated overnight. Over the 15 years to 2019 LBM successfully reunited more than 2500 street children. Chemin Neuf in the UK secured a substantial annual grant from Comic Relief to support LBM's project over the years 2013-2019. In 2018-2019, the final year of Comic relief's grant, LBM reunified 236 street children with a very low relapse rate. The relapse rate on reunifications is kept low (currently running at 7%) through the follow-up programme for each child, along with measures to support the children in school, and to help families to break out of destitution through provision of microcredits to the mothers and other schemes. A key part of the programme is listening to the stories and wishes of each child in depth; and social workers on the programme find and meet the family so that successful reunification can be arranged. Additional support is provided to the family and child for a limited period of up to 3 years so as to help create a sustainable family unit that is economically and emotionally independent. Pre-reunification services are provided: basic education, listening, counselling, health care, meals, hygiene, psychological therapy, mediation, day trips, and an annual holiday camp. Post-reunification services are provided for up to 3 years: home and school visits, reunification kits, school or vocational training fees, conflict resolution; and for families the programme provides microcredit loans, micro-business skills development, and rental guarantees. LBM also gives support to older teenagers and young adults living on the streets, as these have often led younger children astray. Support includes a Welcome Centre, and training in non-violent conflict-resolution, literacy. LBM has set up a vocational training school for both male and female young people living on the streets, but too old to come into the family reunification programme. Training is provided in installation of small-scale solar energy (both men and women successfully take part in this new training initiative and have found installation work in the wider community), carpentry, metalworking, building, and sewing. LBM has a staff of about 50, including 27 social workers, and an active case load of around 1,000 children. A network of volunteers prepare the midday meals for children at the centres. Between 2013 and 2019, Chemin Neuf in the UK received about £100,000 p.a. from Comic Relief for this project. Since Comic Relief no longer regard DRC as a priority area for grants, our funding from them ceased in 2019. So we have been looking for new funding sources, but so far only a number of smaller donations were received and continue. During 2020 we received £3,200 in donations for Kinshasa. Combining this with the final transfer of funds received from Comic Relief we were able to contribute just under £12,000 to LBM during 2020. LBM has been able to continue the programme for the time being due to additional funding from other countries, but we will continue to seek further funds from UK sources to sustain future needs. Page 2 **Chemin Neuf Community** **Report of the Trustees for the Year Ended 31 December 2020** ## **FINANCIAL REVIEW** ## **Reserves policy** The reserves policy of the Community for our operations within the UK has been set in the light of relatively stable monthly receipts of 'Fraternity Donations' from long-term committed members of the Community, balanced against the monthly expenditure on Unrestricted activities. Our policy is to keep a cash reserve that covers three months' expenditure on unrestricted activities less three months' fraternity donations. At the end of December 2020, the actual unrestricted cash at bank and in hand of £157,302 was well above the desired policy reserve to cover three months' expenditure even at the level before Covid lockdowns. Restricted funds at end 2020 consisted of grants received for the work of the Chemin Neuf Community in caring for street children in Kinshasa, and also for Other International Missions. In the case of restricted funds for Kinshasa the objective is to pass the full amount to the street children project. Moneys received are transferred to the bank account of the project in Kinshasa when we receive a validated request from Kinshasa, there is therefore no need to retain an additional restricted funds reserve. At end year we were holding a little over £1,000 waiting transfer to Kinshasa. Additional restricted funds of over £29,000 were held for Other International Missions of Chemin Neuf Community worldwide, again for transfer when we receive a validated request from Chemin Neuf Community's international bursar. Page 3 **Chemin Neuf Community** **for the Year Ended 31 December 2020** ## **Report of the Trustees** ## **FINANCIAL REVIEW Review of Policies** During 2020, we reviewed and reissued the Data Protection Policy we had set up in 2018 in line with GDPR regulations. The Community's Safeguarding policy was reviewed and reissued. The Catholic Bishops' Conference for England and Wales proposed setting up a new national Safeguarding body and procedures for diocesan and religious members. The Chemin Neuf Community Trustees decided to support this proposal. No Safeguarding incidents occurred during the year. A Data Subject Access Request was received and acted upon with the help of our lawyers early in the year. Financial procedures were reviewed by an accountant from Chemin Neuf's International finance team visiting each of the Community's locations in the UK. ## **Covid risks** As stated above, the Covid-19 pandemic caused the cancellation of many of our retreats and sessions. Faced with a substantial drop in income from charitable activities, expenditures were significantly reduced, both on investment to improve the retreat houses, but also on everyday expenditure on utilities, transport, food, and other living expenses. When easing of lockdowns allowed limited retreats to resume, Covid risk assessments were conducted for each house receiving visitors, and for church services. As a result we were able to hold a small number of residential retreats with reduced numbers of participants, and observing strict Covid-safe guidelines for enhanced hygiene and social distancing. Both Cockfosters parish church and Sclerder Abbey church reopened for services with smaller congregations. Before easing of lockdowns we had already started giving online retreats as well as streaming church services and adoration from Cockfosters parish. Even when attendance in person was allowed we ran some 'hybrid' events (with attendance in person and streaming at the same time on zoom for those who wished or needed to stay at home). No incidences of Covid infection were detected during or shortly after Chemin Neuf Community retreats amongst participants or Community members present. Some members of the Community of St Anselm with whom we had contact in Lambeth Palace did contract Covid-19 early during the pandemic, as did some staff of the Palace. It is likely that some Chemin Neuf Community members resident in the Palace may have contracted Covid-19, but with no tests at the time this was unconfirmed. All members at the Palace went into self-isolation for the full period advised at the time. **Pension and health care risks:** At present the British members of the Community in the UK are not life-committed members of Chemin Neuf Community. The future living and care costs of these British members are secured by their own existing pension funds, and in most cases by their own houses and other personal assets. Non-British Community members, who are mainly life-committed members, are backed by contributions to funds for religious in their countries of origin. Recently younger British nationals have joined the Community, but these are currently based or being trained in France and their contributi ons are being paid by the French congregation of the Chemin Neuf Community. **Post-Brexit risks:** At the end of 2020, 7 members of the Community resident in the UK were European nationals. All of these had been granted settled or pre-settled status. The Community has held a visa sponsorship licence since 2017. Experience at end 2020 and early 2021 has shown that obtaining work visas for Chemin Neuf members from the EU or elsewhere under the new points-based immigration system is now much more expensive, and often takes longer than in the past. However, the Community still needs to regularly bring in members from abroad to keep adequate numbers to sustain its retrea t houses and missions in the UK, and to maintain its international character and diversity. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Page 4 **Chemin Neuf Community** **for the Year Ended 31 December 2020** ## **Report of the Trustees** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Additional Information** The Chemin Neuf Community was founded in 1973 in France and stems from the Charismatic renewal and Ignatian Spirituality. Chemin Neuf Community was incorporated in the UK in 1999. The Community now operates retreat houses at Our Lady of England Priory, Storrington, West Sussex, and Sclerder Abbey, Looe, Cornwall. The Community has been entrusted with the responsibility for Christ the King Catholic parish in Cockfosters, North London. In addition, a number of members of the Community reside at Lambeth Palace at the invitation of the Archbishop of Canterbury to support the Anglican Community of St Anselm and the worship and prayer life of the Palace. At Cockfosters parish, community members live in parish accommodation, and all the Community members there take an active role in parish life. In 2020 the Charity increased the number of Trustees to 4, including 2 priests who are members of the Chemin Neuf Community. In view of the growing complexity of the Charity we have engaged a single legal firm to assist us both in governance issues and for our general legal needs in the UK. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 04107822 (England and Wales) ## **Registered Charity number** 1084546 ## **Registered office** Our Lady of England Priory School Lane Storrington West Sussex RH20 4LN ## **Trustees** Father A P J M Cousin Priest Mr A I Morley-Fletcher Mr S T Ostrynski Priest (resigned 27.7.20) Mrs H Guilbault Member of Religious Order Mr M E Desjardins Roman Catholic Priest (appointed 23.7.20) Miss J E Sikorska Member of religious congregation (appointed 23.7.20) ## **Company Secretary** Mr M E Desjardins ## **Independent Examiner** Somerset Accountancy Services Ltd 22 Wessex Park Bancombe Business Estate Somerton Somerset TA11 6SB Page 5 **Chemin Neuf Community** ## **Report of the Trustees** ## **for the Year Ended 31 December 2020** ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Bankers** National Westminster Bank Plc 72 High Street Street Somerset BA16 0EJ Approved by order of the board of trustees on 28 August 2021 and signed on its behalf by: Mr A I Morley-Fletcher - Trustee Page 6 **Independent Examiner's Report to the Trustees of Chemin Neuf Community** ## **Independent examiner's report to the trustees of Chemin Neuf Community ('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** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FMAAT 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 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. Mrs Lois R Short FMAAT Somerset Accountancy Services Ltd 22 Wessex Park Bancombe Business Estate Somerton Somerset TA11 6SB 28 August 2021 Page 7 **Chemin Neuf Community** ## **Statement of Financial Activities** ## **for the Year Ended 31 December 2020** |Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Advancement of the religious and educational
work of the Community
Investment income
2
**Total**
**EXPENDITURE ON**
**Charitable activities**
Advancement of the religious and educational
work of the Community
Other
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
**184,940**
**114,754**
**141**
**299,835**
**121,166**
**73,903**
**195,069**
**104,766**
**1,329,482**
**1,434,248**|Restricted
funds
£
**3,205**
**-**
**-**
**3,205**
**11,998**
**-**
**11,998**
**(8,793)**
**39,514**
**30,721**|**31.12.20**
**Total**
**funds**
**£**
**188,145**
**114,754**
**141**
**303,040**
**133,164**
**73,903**
**207,067**
**95,973**
**1,368,996**
**1,464,969**|31.12.19
Total
funds
£
202,536
205,486
147| |---|---|---|---|---| |||||408,169
268,199
116,897| |||||385,096| |||||23,073
1,345,923| |||||1,368,996| The notes form part of these financial statements Page 8 **Chemin Neuf Community** ## **Balance Sheet** ## **31 December 2020** |Notes
**FIXED ASSETS**
Tangible assets
7
**CURRENT ASSETS**
Debtors
8
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
9
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
11
Unrestricted funds:
General fund
Restricted funds:
Other International Missions
Kinshasa
**TOTAL FUNDS**|Unrestricted
fund
£
**1,265,948**
**11,000**
**157,302**
**168,302**
**(2)**
**168,300**
**1,434,248**
**1,434,248**|Restricted
funds
£
**-**
**-**
**30,721**
**30,721**
**-**
**30,721**
**30,721**
**30,721**|**31.12.20**
**Total**
**funds**
**£**
**1,265,948**
**11,000**
**188,023**
**199,023**
**(2)**
**199,021**
**1,464,969**
**1,464,969**
**1,434,248**
**29,382**
**1,339**
**30,721**
**1,464,969**|31.12.19
Total
funds
£
1,286,587
11,152
95,242
106,394
(23,985)
82,409
1,368,996
1,368,996
1,329,482
29,382
10,132
39,514
1,368,996| |---|---|---|---|---| 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 trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements continued... Page 9 **Chemin Neuf Community** **Balance Sheet - continued** **31 December 2020** 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 28 August 2021 and were signed on its behalf by: Miss J E Sikorska - Trustee Mr A I Morley-Fletcher - Trustee The notes form part of these financial statements Page 10 **Chemin Neuf Community** **Notes to the Financial Statements for the Year Ended 31 December 2020** ## **1. 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. ## **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. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Office furniture and equipment - 25% on cost, 20% on cost, 15% on reducing balance and 10% on cost Motor vehicles - 25% on cost ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Foreign currencies** Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. continued... Page 11 **Chemin Neuf Community** **Notes to the Financial Statements - continued for the Year Ended 31 December 2020** |**2.**
**INVESTMENT INCOME**
Deposit account interest
**3.**
**GRANTS PAYABLE**
Advancement of the religious and educational work of the Community
The total grants paid to institutions during the year was as follows:
Kinshasa
The total grants paid to individuals during the year was as follows:
Allowances
Total number of grants given
**4.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|**31.12.20**
**£**
**141**
**31.12.20**
**£**
**38,512**
**31.12.20**
**£**
**11,998**
**31.12.20**
**£**
**26,514**|31.12.19
£
147
31.12.19
£
95,496
31.12.19
£
51,878
31.12.19
£
43,618| |---|---|---| ||**31.12.20**|31.12.19| |||| ||**11**|11| |||| ||**31.12.20**
**£**
**40,597**|31.12.19
£
38,988| continued... Page 12 **Chemin Neuf Community** **Notes to the Financial Statements - continued for the Year Ended 31 December 2020** ## **5. 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. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019. ## **6.** |**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Advancement of the religious and educational
work of the Community
Investment income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Advancement of the religious and educational
work of the Community
Other
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|**ACTIVITIES**
Unrestricted
fund
£
124,024
205,486
147
329,657
210,270
116,897
327,167
2,490
1,326,992
1,329,482|Restricted
funds
£
78,512
-
-
78,512
57,929
-
57,929
20,583
18,931
39,514|Total
funds
£
202,536
205,486
147| |---|---|---|---| ||||408,169
268,199
116,897| ||||385,096| ||||23,073
1,345,923| ||||1,368,996| continued... Page 13 **Chemin Neuf Community** **Notes to the Financial Statements - continued for the Year Ended 31 December 2020** ## **7. TANGIBLE FIXED ASSETS** |Office
furniture
Freehold
and
property
equipment
£
£
**COST**
At 1 January 2020
**1,081,325**
**321,591**
Additions
**-**
**19,958**
At 31 December 2020
**1,081,325**
**341,549**
**DEPRECIATION**
At 1 January 2020
**-**
**123,512**
Charge for year
**-**
**36,476**
At 31 December 2020
**-**
**159,988**
**NET BOOK VALUE**
At 31 December 2020
**1,081,325**
**181,561**
At 31 December 2019
1,081,325
198,079
**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Prepayments
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 10)
Trade creditors|Motor
vehicles
£
**36,238**
**-**
**36,238**
**29,055**
**4,121**
**33,176**
**3,062**
7,183
**31.12.20**
**£**
**-**
**11,000**
**11,000**
**31.12.20**
**£**
**2**
**-**
**2**|Totals
£
**1,439,154**
**19,958**|Totals
£
**1,439,154**
**19,958**| |---|---|---|---| |||**1,459,112**|| |||**152,567**
**40,597**|| |||**193,164**|| |||**1,265,948**|| |||1,286,587|| |||31.12.19
£
1,200
9,952
11,152
31.12.19
£
-
23,985
23,985|| ||||23,985| continued... Page 14 **Chemin Neuf Community** **Notes to the Financial Statements - continued for the Year Ended 31 December 2020** ## **10. LOANS** An analysis of the maturity of loans is given below: |Amounts falling due within one year on demand:
Bank overdrafts
**11.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
Other International Missions
Kinshasa
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Kinshasa
**TOTAL FUNDS**|At 1.1.20
£
**1,329,482**
**29,382**
**10,132**
**39,514**
**1,368,996**
Incoming
resources
£
**299,835**
**3,205**
**303,040**||**31.12.20**
**£**
**2**
Net
movement
in funds
£
**104,766**
**-**
**(8,793)**
**(8,793)**
**95,973**
Resources
expended
£
**(195,069)**
**(11,998)**
**(207,067)**|31.12.19
£
-
At
31.12.20
£
**1,434,248**
**29,382**
**1,339**
**30,721**
**1,464,969**
Movement
in funds
£
**104,766**
**(8,793)**
**95,973**| |---|---|---|---|---| |||||| |||||| |||||| Page 15 continued... **Chemin Neuf Community** **Notes to the Financial Statements - continued for the Year Ended 31 December 2020** ## **11. MOVEMENT IN FUNDS - continued** **Comparatives for movement in funds** |**Unrestricted funds**
General fund
**Restricted funds**
Other International Missions
Kinshasa
**TOTAL FUNDS**|At 1.1.19
£
1,326,992
-
18,931
18,931
1,345,923|Net
movement
in funds
£
2,490
29,382
(8,799)
20,583
23,073|At
31.12.19
£
1,329,482
29,382
10,132| |---|---|---|---| ||||39,514| ||||1,368,996| Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Other International Missions
Kinshasa
**TOTAL FUNDS**|Incoming
resources
£
329,657
29,382
49,130
78,512
408,169|Resources
Movement
expended
in funds
£
£
(327,167)
2,490
-
29,382
(57,929)
(8,799
(57,929)
20,583
(385,096)
23,073|Resources
Movement
expended
in funds
£
£
(327,167)
2,490
-
29,382
(57,929)
(8,799
(57,929)
20,583
(385,096)
23,073| |---|---|---|---| ||||20,583| ||||23,073| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Other International Missions
Kinshasa
**TOTAL FUNDS**|At 1.1.19
£
1,326,992
-
18,931
18,931
1,345,923|Net
movement
in funds
£
107,256
29,382
(17,592)
11,790
119,046|At
31.12.20
£
1,434,248
29,382
1,339| |---|---|---|---| ||||30,721| ||||1,464,969| Page 16 continued... **Chemin Neuf Community** **Notes to the Financial Statements - continued for the Year Ended 31 December 2020** ## **11. 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**
Other International Missions
Kinshasa
**TOTAL FUNDS**|Incoming
resources
£
629,492
29,382
52,335
81,717
711,209|Resources
Movement
expended
in funds
£
£
(522,236)
107,256
-
29,382
(69,927)
(17,592)
(69,927)
11,790
(592,163)
119,046| |---|---|---| ## **12. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2020. Page 17 **Chemin Neuf Community** ## **Detailed Statement of Financial Activities for the Year Ended 31 December 2020** ||||31.12.20|31.12.19| |---|---|---|---|---| ||Unrestricted|Restricted|Total|Total| ||funds|funds|funds|funds| ||£|£|£|£| |**INCOME AND ENDOWMENTS**||||| |**Donations and legacies**||||| |Fraternity Donations|**94,475**|**-**|**94,475**|84,131| |Donations|**73,314**|**3,205**|**76,519**|59,730| |Gift aid tax refunds|**17,151**|**-**|**17,151**|13,395| |Grants|**-**|**-**|**-**|45,280| ||**184,940**|**3,205**|**188,145**|202,536| |**Investment income**||||| |Deposit account interest|**141**|**-**|**141**|147| |**Charitable activities**||||| |Community Missions|**4,591**|**-**|**4,591**|16,550| |External Groups|**26,735**|**-**|**26,735**|85,740| |Language Programme|**466**|**-**|**466**|33,251| |Lambeth|**80,891**|**-**|**80,891**|67,675| |Literature, produce etc. sales|**2,071**|**-**|**2,071**|2,270| ||**114,754**|**-**|**114,754**|205,486| |**Total incoming resources**|**299,835**|**3,205**|**303,040**|408,169| |**EXPENDITURE**||||| |**Charitable activities**||||| |Exceptional grants for mission|**-**|**-**|**-**|40,020| |Grants to Kinshasa|**-**|**11,998**|**11,998**|51,878| |Fraternity Allowances|**26,514**|**-**|**26,514**|43,618| ||**26,514**|**11,998**|**38,512**|135,516| |**Other**||||| |House expenses - rent|**1,000**|**-**|**1,000**|5,312| |Books,newspapers and videos|**121**|**-**|**121**|743| |Food|**17,505**|**-**|**17,505**|30,857| |Rates|**9,321**|**-**|**9,321**|11,251| |Light and heat|**25,431**|**-**|**25,431**|37,845| |Stationery|**1,113**|**-**|**1,113**|1,632| |Repairs and renewals|**17,715**|**-**|**17,715**|26,925| |Cleaning|**1,697**|**-**|**1,697**|2,332| ||**73,903**|**-**|**73,903**|116,897| This page does not form part of the statutory financial statements Page 18 **Chemin Neuf Community** ## **Detailed Statement of Financial Activities for the Year Ended 31 December 2020** ||||31.12.20|31.12.19| |---|---|---|---|---| ||Unrestricted|Restricted|Total|Total| ||funds|funds|funds|funds| ||£|£|£|£| |**Support costs**||||| |**Management**||||| |Insurance|**10,077**|**-**|**10,077**|11,315| |Communication|**3,963**|**-**|**3,963**|4,320| |Sundries|**4,678**|**-**|**4,678**|3,574| |Vehicle and travel expenses|**20,969**|**-**|**20,969**|64,725| |Depreciation of tangible and heritage assets|**40,597**|**-**|**40,597**|38,988| ||**80,284**|**-**|**80,284**|122,922| |**Finance**||||| |Bank charges|**520**|**-**|**520**|673| |**Governance costs**||||| |Accountancy fees|**1,372**|**-**|**1,372**|1,291| |Legal fees|**12,476**|**-**|**12,476**|2,667| |Management fees Kinshasa|**-**|**-**|**-**|5,130| ||**13,848**|**-**|**13,848**|9,088| |Total resources expended|**195,069**|**11,998**|**207,067**|385,096| |**Net income**|**104,766**|**(8,793)**|**95,973**|23,073| This page does not form part of the statutory financial statements Page 19