**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 2021**
**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 2021**
|||**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|16|
|**Detailed Statement of Financial Activities**|17|to|18|
**Chemin Neuf Community**
**Report of the Trustees for the Year Ended 31 December 2021**
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 2021. 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. Continuation in 2021 of lockdowns caused by the Covid-19 pandemic meant that a number of retreats and programmes planned to be held in person were cancelled. Even when lockdowns were relaxed, restrictions on numbers of attendees meant that we received fewer participants in the first half of the year. However, additional online retreats and quiet days were run successfully, and these attracted good numbers of participants compared to our equivalent retreats in person in the past. We were able to run the Cana session for couples and families with a good level of participation in July 2021, but 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.
Between 2013 and 2020 the charity received substantial grant support from Comic Relief to support the work of Chemin Neuf Community in Kinshasa, Democratic Republic of Congo. 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 and smaller funds to support this work in 2021, and we expect to be able to continue to receive and pass on contributions for this project in future years.
Page 1
**Chemin Neuf Community**
**for the Year Ended 31 December 2021**
## **Report of the Trustees**
## **OBJECTIVES AND ACTIVITIES**
## **Project to reintegrate street children in Kinshasa, Democratic Republic of the Congo**
Chemin Neuf Community in the UK has for over a decade been supporting 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.
Since the start of the programme LBM has 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.
LBM also gives support to older teenagers and young adults living on the streets. 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 prepares 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. In the UK we have continued to receive smaller donations from funds and from private individuals. 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.
## **FINANCIAL REVIEW**
## **Summary of Financial Results**
Income from charitable activities increased by about £5,000 during 2021 compared to the previous year, but because of the continuing reduction of in-person retreats and programmes this remained £85,000 below income in the pre-pandemic year 2019. Income from Donations reduced by £36,000 (in 2020 we had received two large private donations). Expenditure increased by £104,000. Part of the expenditure increase was due to a return to normal levels of maintenance of buildings and increased travel. In addition £84,000 of grants for Chemin Neuf Community international missions (of which £39,000 was money committed from restricted funds) were made in 2021 following a halt in this activity during 2020 due to Covid.
The net result for the year was a deficit of £38,546 (compared to the previous year surplus of £95,973). Cash at bank and in hand rose however by about £1,000 largely because there was no new investment in fixed assets during the year.
Page 2
**Chemin Neuf Community**
**Report of the Trustees for the Year Ended 31 December 2021**
## **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 £181,783 was well above the desired policy reserve to cover three months' expenditure even of the level before Covid lockdowns.
Restricted funds at end 2021 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 nearly £5,000 waiting transfer to Kinshasa. Similarly, we were holding nearly £3,000 waiting transfer for other international missions.
Page 3
**Chemin Neuf Community**
**for the Year Ended 31 December 2021**
## **Report of the Trustees**
## **FINANCIAL REVIEW**
## **Review of Policies**
During 2021 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 is setting up a new national Safeguarding body and procedures for diocesan and religious members. The Chemin Neuf Community Trustees indicated their support of this proposal. No Safeguarding incidents occurred during 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 a number of our retreats and sessions. To counter this expenditures from Spring 2020 onwards have already been 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 Covid-safe guidelines for enhanced hygiene and social distancing. Both Cockfosters parish church and Sclerder Abbey church reopened for services with smaller congregations. Before the easing of lockdowns we had already started giving online retreats as well as live-streaming mass, worship and adoration from Cockfosters parish and streaming mass from Sclerder Abbey. Later in 2021 when attendance in person was allowed we still 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).
During 2021 no incidences of Covid infection were detected during or shortly after Chemin Neuf Community retreats amongst participants or Community members present.
## **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 contributions are being paid by the French congregation of the Chemin Neuf Community.
## **Post-Brexit risks**
At the end of 2021, 7 members of the Community resident in the UK were European nationals. All but one 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 in 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 retreat houses and missions in the UK, and to maintain its international character and diversity. During 2021 five Chemin Neuf Community members were sponsored to join us from abroad, of whom one was from the EU, two from Mauritius, and a couple with their daughter from Lebanon.
## **Inflation risks**
Our expenditure will be affected by rising inflation in 2022 and beyond. Our energy costs have already increased sharply during the first half of 2022, and are likely to be considerably higher during winter 2022-23. Our retreat houses in Storrington and at Sclerder Abbey near Looe will be the most affected, as both are over 100 years old, and Sclerder Abbey is a listed building. Both buildings have substantial loft insulation, but the walls are not insulated. We will explore additional measures to reduce heat loss, and if funding can be obtained would like to install renewable energy. We have reduced our expenditure on food through taking part in the FareShare programme in Storrington, and by increasing the Community's production of home grown produce. At Sclerder, we plan to start a permaculture project which will provide cheap food for Community members and visitors, and eventually generate income from sales. At present the level of donations received regularly is remaining stable, and the income from our charitable activities is still rising. These points suggest that we will continue to be able to fund our current level of activity in spite of inflation.
Page 4
**Chemin Neuf Community**
**for the Year Ended 31 December 2021**
## **Report of the Trustees**
## **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.
## **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 Community members there take an active role in parish life.
In 2021 the Charity increased the number of Trustees to 5, 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**
Rev. C A Hadley Clerk in Holy Orders (appointed 10.11.21) Father A P J M Cousin Priest Mr A I Morley-Fletcher Mrs H Guilbault Member of Religious Order (resigned 10.11.21) Mr M E Desjardins Roman Catholic Priest (resigned 10.11.21) Miss J E Sikorska Member of religious congregation Mr J A M J Poujol Member of Religious Community (appointed 10.11.21) Mr M Najjar (appointed 1.9.22)
## **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 2021**
## **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 21 September 2022 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 2021.
## **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
21 September 2022
Page 7
**Chemin Neuf Community**
## **Statement of Financial Activities**
## **for the Year Ended 31 December 2021**
|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
£
**136,884**
**119,472**
**25**
**256,381**
**182,052**
**89,563**
**271,615**
**(15,234)**
**1,434,248**
**1,419,014**|Restricted
funds
£
**15,800**
**-**
**-**
**15,800**
**39,112**
**-**
**39,112**
**(23,312)**
**30,721**
**7,409**|**31.12.21**
**Total**
**funds**
**£**
**152,684**
**119,472**
**25**
**272,181**
**221,164**
**89,563**
**310,727**
**(38,546)**
**1,464,969**
**1,426,423**|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|
The notes form part of these financial statements
Page 8
**Chemin Neuf Community**
## **Balance Sheet**
## **31 December 2021**
|Notes
**FIXED ASSETS**
Tangible assets
7
**CURRENT ASSETS**
Debtors
8
Cash at bank and in hand
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
9
Unrestricted funds:
General fund
Restricted funds:
Other International Missions
Kinshasa
**TOTAL FUNDS**|Unrestricted
fund
£
**1,225,845**
**11,386**
**181,783**
**193,169**
**193,169**
**1,419,014**
**1,419,014**|Restricted
funds
£
**-**
**-**
**7,409**
**7,409**
**7,409**
**7,409**
**7,409**|**31.12.21**
**Total**
**funds**
**£**
**1,225,845**
**11,386**
**189,192**
**200,578**
**200,578**
**1,426,423**
**1,426,423**
**1,419,014**
**2,725**
**4,684**
**7,409**
**1,426,423**|31.12.20
Total
funds
£
1,265,948
11,000
188,021|
|---|---|---|---|---|
|||||199,021|
|||||199,021|
|||||1,464,969|
|||||1,464,969|
|||||1,434,248
29,382
1,339|
|||||30,721|
||||||
|||||1,464,969|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 2021**
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 21 September 2022 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 2021**
## **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 2021**
|**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
Other International Missions
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|**31.12.21**
**£**
**25**
**31.12.21**
**£**
**39,999**
**31.12.21**
**£**
**-**
**9,730**
**9,730**
**31.12.21**
**£**
**30,269**|31.12.20
£
141
31.12.20
£
38,512
31.12.20
£
11,998
-
11,998
31.12.20
£
26,514|
|---|---|---|
||**31.12.20**|31.12.19|
||||
||**11**|11|
||||
||**31.12.21**
**£**
**40,103**|31.12.20
£
40,597|
continued...
Page 12
**Chemin Neuf Community**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
## **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/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|**ACTIVITIES**
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|Total
funds
£
188,145
114,754
141|
|---|---|---|---|
||||303,040|
||||133,164
73,903|
||||207,067|
||||95,973
1,368,996|
||||1,464,969|
continued...
Page 13
**Chemin Neuf Community**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **7. TANGIBLE FIXED ASSETS**
|**7.**
**TANGIBLE FIXED ASSETS**|||
|---|---|---|
|Office
furniture
Freehold
and
property
equipment
£
£
**COST**
At 1 January 2021 and 31 December 2021
**1,081,325**
**341,549**
**DEPRECIATION**
At 1 January 2021
**-**
**159,988**
Charge for year
**-**
**37,793**
At 31 December 2021
**-**
**197,781**
**NET BOOK VALUE**
At 31 December 2021
**1,081,325**
**143,768**
At 31 December 2020
1,081,325
181,561
**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Prepayments
**9.**
**MOVEMENT IN FUNDS**
At 1.1.21
£
**Unrestricted funds**
General fund
**1,434,248**
**Restricted funds**
Other International Missions
**29,382**
Kinshasa
**1,339**
**30,721**
**TOTAL FUNDS**
**1,464,969**|Motor
vehicles
£
**36,238**
**33,176**
**2,310**
**35,486**
**752**
3,062
**31.12.21**
**£**
**11,386**
Net
movement
in funds
£
**(15,234)**
**(26,657)**
**3,345**
**(23,312)**
**(38,546)**|Totals
£
**1,459,112**|
|||**193,164**
**40,103**|
|||**233,267**|
|||**1,225,845**|
|||1,265,948|
|||31.12.20
£
11,000
At
31.12.21
£
**1,419,014**
**2,725**
**4,684**|
|||**7,409**|
|||**1,426,423**|
continued...
Page 14
**Chemin Neuf Community**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **9. MOVEMENT IN FUNDS - continued**
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
£
**256,381**
**12,455**
**3,345**
**15,800**
**272,181**|Resources
Movement
expended
in funds
£
£
**(271,615)**
**(15,234)**
**(39,112)**
**(26,657)**
**-**
**3,345**
**(39,112)**
**(23,312)**
**(310,727)**
**(38,546)**|Resources
Movement
expended
in funds
£
£
**(271,615)**
**(15,234)**
**(39,112)**
**(26,657)**
**-**
**3,345**
**(39,112)**
**(23,312)**
**(310,727)**
**(38,546)**|
|---|---|---|---|
||||**(23,312)**|
||||**(38,546)**|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Other International Missions
Kinshasa
**TOTAL FUNDS**|At 1.1.20
£
1,329,482
29,382
10,132
39,514
1,368,996|Net
movement
in funds
£
104,766
-
(8,793)
(8,793)
95,973|At
31.12.20
£
1,434,248
29,382
1,339|
|---|---|---|---|
||||30,721|
||||1,464,969|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Kinshasa
**TOTAL FUNDS**|Incoming
resources
£
299,835
3,205
303,040|Resources
Movement
expended
in funds
£
£
(195,069)
104,766
(11,998)
(8,793)
(207,067)
95,973|Resources
Movement
expended
in funds
£
£
(195,069)
104,766
(11,998)
(8,793)
(207,067)
95,973|
|---|---|---|---|
||||95,973|
Page 15
continued...
**Chemin Neuf Community**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **9. MOVEMENT IN FUNDS - continued**
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 1.1.20
£
1,329,482
29,382
10,132
39,514
1,368,996|Net
movement
in funds
£
89,532
(26,657)
(5,448)
(32,105)
57,427|At
31.12.21
£
1,419,014
2,725
4,684|
|---|---|---|---|
||||7,409|
||||1,426,423|
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
£
556,216
12,455
6,550
19,005
575,221|Resources
Movement
expended
in funds
£
£
(466,684)
89,532
(39,112)
(26,657)
(11,998)
(5,448)
(51,110)
(32,105)
(517,794)
57,427|Resources
Movement
expended
in funds
£
£
(466,684)
89,532
(39,112)
(26,657)
(11,998)
(5,448)
(51,110)
(32,105)
(517,794)
57,427|
|---|---|---|---|
||||(32,105)|
||||57,427|
## **10. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2021.
Page 16
**Chemin Neuf Community**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2021**
||||31.12.21|31.12.20|
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total|
||funds|funds|funds|funds|
||£|£|£|£|
|**INCOME AND ENDOWMENTS**|||||
|**Donations and legacies**|||||
|Fraternity Donations|**82,512**|**-**|**82,512**|94,475|
|Donations|**38,882**|**15,800**|**54,682**|76,519|
|Gift aid tax refunds|**15,490**|**-**|**15,490**|17,151|
||**136,884**|**15,800**|**152,684**|188,145|
|**Investment income**|||||
|Deposit account interest|**25**|**-**|**25**|141|
|**Charitable activities**|||||
|Community Missions|**18,877**|**-**|**18,877**|4,591|
|External Groups|**33,521**|**-**|**33,521**|26,735|
|Language Programme|**463**|**-**|**463**|466|
|Lambeth|**55,200**|**-**|**55,200**|80,891|
|Literature, produce etc. sales|**11,411**|**-**|**11,411**|2,071|
||**119,472**|**-**|**119,472**|114,754|
|**Total incoming resources**|**256,381**|**15,800**|**272,181**|303,040|
|**EXPENDITURE**|||||
|**Charitable activities**|||||
|Exceptional grants for mission|**45,618**|**29,382**|**75,000**|-|
|Grants to Kinshasa & Other International|||||
|Missions|**-**|**9,730**|**9,730**|11,998|
|Fraternity Allowances|**30,269**|**-**|**30,269**|26,514|
||**75,887**|**39,112**|**114,999**|38,512|
|**Other**|||||
|House expenses - rent|**5,528**|**-**|**5,528**|1,000|
|Books,newspapers and videos|**104**|**-**|**104**|121|
|Food|**14,961**|**-**|**14,961**|17,505|
|Rates|**9,933**|**-**|**9,933**|9,321|
|Light and heat|**25,297**|**-**|**25,297**|25,431|
|Stationery|**1,389**|**-**|**1,389**|1,113|
|Repairs and renewals|**30,259**|**-**|**30,259**|17,715|
|Cleaning|**2,092**|**-**|**2,092**|1,697|
||**89,563**|**-**|**89,563**|73,903|
This page does not form part of the statutory financial statements
Page 17
**Chemin Neuf Community**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2021**
||||31.12.21|31.12.20|
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total|
||funds|funds|funds|funds|
||£|£|£|£|
|**Support costs**|||||
|**Management**|||||
|Insurance|**10,399**|**-**|**10,399**|10,077|
|Communication|**4,315**|**-**|**4,315**|3,963|
|Sundries|**14,042**|**-**|**14,042**|4,678|
|Vehicle and travel expenses|**25,678**|**-**|**25,678**|20,969|
|Depreciation of tangible and heritage assets|**40,103**|**-**|**40,103**|40,597|
||**94,537**|**-**|**94,537**|80,284|
|**Finance**|||||
|Bank charges|**624**|**-**|**624**|520|
|**Governance costs**|||||
|Accountancy fees|**1,338**|**-**|**1,338**|1,372|
|Legal fees|**9,666**|**-**|**9,666**|12,476|
||**11,004**|**-**|**11,004**|13,848|
|Total resources expended|**271,615**|**39,112**|**310,727**|207,067|
|**Net income**|**(15,234)**|**(23,312)**|**(38,546)**|95,973|
This page does not form part of the statutory financial statements
Page 18