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|Contents||Page|
|---|---|---|
|Legal and administrative|information||
|Report ofthe Trustees||3 to 10|
|Independent<br>Auditor's<br>report||11to 14|
|Statement offinancial activities||15|
|Balance sheet||16|
|Statement ofcash flows||17|
|Notes forming part ofthe|financial statements|18to 25|
|Grant commitments<br>made|during the year|26 to 28|





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|||||2021|||2020||
|---|---|---|---|---|---|---|---|---|
||||General|Methodist|Total|General|Methodist|Total|
||||Fund|Church|Funds|Fund|Church|Funds|
|||||Fund|||Fund||
|||||(restricted|||(restricted)||
|||Notes|X'000|K'000|Z OOO|K'000|K'000|f'000|
|Income from|||||||||
|Investment<br>income||1(c)& 2|1,981|502|2,483|2,297|576|2,873|
|Donations||||1|1||2|2|
|Total|||1 981|503|2484|2297|578|2 875|
|Expenditure|on:||||||||
|Charitable<br>activities||3&4|2452|353|2,805|2,256|523|2,779|
|Total|||2 452|353|2805|2256|523|2 779|
|Realised net gains on|||||||||
|disposal ofinvestments|||2,952|795|3,747||||
|Unrealised<br>gains on|||||||||
|revaluation<br>ofinvestments|||||||||
||||6,587|1,614|8,201|4,185|1,086|5,271|
|Net income and net|||||||||
|movement<br>in|funds||9,068|2,559|11,627|4,226|1,141|5,367|
|Reconciliation|offunds:||||||||
|Total funds|brought||||||||
|forward|||71320|16770|88 090|67094|15629|82723|
|Total funds carried forward|||80388|19329|99717|71 320|16770|88 090|





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||||||2021|||2020||
|---|---|---|---|---|---|---|---|---|---|
|||||General|Methodist|Total|General|Methodist|Total|
|||||Fund|Church|Funds|Fund|Church|Funds|
||||||Fund|||Fund||
||||||restricted|||restricted||
|||||K'000|f'000|X'000|S'000|K'000|f.'000|
||||Notes|||||||
|Fixed assets||||||||||
|Investments||||81,124|20,475|101,599|71,579|18,114|89,693|
|Tangible|assets||10|I||1|1|-|1|
|||||81 125|20475|101600|71 580|111114|89694|
|Current assets||||||||||
|Debtors||||465|118|583|569|144|713|
|Cash at bank||||1 278|~621|657|1435|~683|752|
|||||1,743|(503)|1,240|2,004|(539)|1,465|
|Creditors||||||||||
|Amounts<br>within|falling due<br> one year|||~2078|~556|~2634|1 914|~728|~2 642|
|Net current|assets (liabilities)|||~335|~1059|~1394|90|~1267|~1177|
|Total assets|less|current||||||||
|liabilities||||80,790|19,416|100,206|71,670|16,847|88,517|
|Grants payable after more<br>than one year||||~402|~87|~489|~350|~77|~427|
|Net assets||||80 388|19329|99717|71320|16770|88 090|
|Total funds||||||||||
|Unrestricted||funds||80,388||80,388|71,320||71,320|
|Restricted funds|||||19329|19329||16770|16770|
|||||80388|19329|99717|71 320|16770|88 090|






## 

||||2021|2020|
|---|---|---|---|---|
||||Total|Total|
||||Funds|Funds|
||||K'000|K'000|
|Cash used in|||||
|operating<br>activities|||{2749)|~2807|
|Cash flows from investing|||||
|activities|||||
|Investment<br>income|||2,612|2,807|
|Purchase offixed assets|||||
|Proceeds from sales|ofinvestments||20,100||
|Purchase ofinvestments|||20 058||
|Cash provided<br>by|||||
|investing<br>activities|||2 664|2 806|
|(Decrease)/increase|in cash|in the|(95)|(1)|
|year|||||
|Cash and cash equivalents||at the|||
|beginning ofthe year|||752|753|
|Total cash and cash equivalents|||||
|at the end ofthe year|||657|752|



## 

|Net movement<br>in funds per|||
|---|---|---|
|statement offinancial|||
|activities|11,627|5,367|
|Gains on investments|(11,948)|(5,271)|
|Investment<br>Income|(2,483)|(2,873)|
|Decrease in debtors|1||
|Increase/(decrease)<br>in creditors|(8)|49|
|Increase/(decrease)<br>in grants|||
|due after<br>1 year|62|f779|
|Net cash used in operating|||
|activities|~2749|~2807|





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||||||2021|||2020||
|---|---|---|---|---|---|---|---|---|---|
|||||General|Methodist|Total|General|Methodist|Total|
|||||Fund|Church|Funds|Fund|Church|Funds|
||||||Fund|||Fund||
||||||restricted)|||restricted)||
|||||K'000|K'000|f,'000|K'000|K'000|K'000|
|2.|Investment<br>income|||||||||
||Cash held within the portfolio||||||2||2|
||Property Unit|Trusts|||||16||16|
||Dividends|||18|5|23||||
||Investment<br>Fund Income|||1 963|497|2460|2 279|576|2 855|
|||||1 981|502|2483|2297|576|2 873|
|3.|Resources expended 2021|||||||||
|||||Allocation|Charitable||Governance|2021||
|||||||activities|costs|Total||
|||||||&000|K'000|f,'000||
||Costs directly|allocated to||||||||
||activities|||||||||
||Grants committed||(net)|Direct||2,530||2,530||
||Audit fee|||Direct||||11||
||Support costs|allocated to||||||||
||activities|||||||||
||Investment|management||Direct||64||64||
||Premises|||Area||11|1|12||
||General office expenses|||Usage||26|3|29||
||Trustees'|expenses||Time||1|2|3||
||Staff costs|||T1Ille||140|16|156||
|||||||2 772|33|2 805||
||General Fund|||||||2,452||
||Methodist|Church|Fund|||||353||
|||||||||2 805||





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|||||Allocation|Charitable|Governance|2020|
|---|---|---|---|---|---|---|---|
||||||activities|costs|Total|
||||||K*000|K'000|X'000|
|Costs directly||allocated to||||||
|activities||||||||
|Grants committed|||(net)|Direct|2,603||2,603|
|Audit fee||||Direct||10|10|
|Support costs||allocated to||||||
|activities||||||||
|Premises||||Area|11|1|12|
|General office expenses||||Usage|16|2|18|
|Trustees'|expenses|||Time|1|1|2|
|Staff costs||||Time|115|19|134|
||||||2746|33|2779|
||||||||2/56|
|General Fund||||||||
||||||||523|
|Methodist||Church|Fund||||2779|



|||||2021|||2020||
|---|---|---|---|---|---|---|---|---|
||||General|Methodist|Total|General|Methodist|Total|
||||Fund|Church|Funds|Fund|Church|Funds|
|||||Fund|||Fund||
|||||restricted|||(restricted||
||||f,'000|K'000|K'000|f.'000|f,'000|f,'000|
|5.|Net incoming|(outgoing) resources|||||||
|for|the year||||||||
||These are stated after charging:||||||||
||Auditors'|remuneration||||10||10|
||Payments|under operating|||||||
||leases||||||||





## 

|||||2021|||2020||
|---|---|---|---|---|---|---|---|---|
||||General|Methodist|Total|General|Methodist|Total|
||||Fund|Church|Funds|Fund|Church|Funds|
|||||Fund|||Fund||
|||||(restricted)|||restricted||
||||K'000|f,'000|K'000|f'000|K'000|K'000|
|6.|Staff costs and numbers||||||||
||Salaries||131||131|113||113|
||Social Security <br>Life, Permanent|costs<br>Health 4|12||12|10||10|
||Medical Insurance||4||4|4||4|
||Pension contributions||9||9|9||9|
||(see note 16)||156||156|136||136|



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||||2021|||2020||
|---|---|---|---|---|---|---|---|
|||General|Methodist|Total|General|Methodist|Total|
|||Fund|Church|Funds|Fund|Church|Funds|
||||Fund|||Fund||
||||restricted|||restricted||
|||K*000|X'000|X'000|K'000|K'000|K'000|
|9.|Investments|||||||
||Market value at|||||||
||1"January 2021|71,579|18,114|89,693|67,392|17,030|84,422|
||Additions|15,938|3,985|19,923||||
||Sales|(13,089)|(3,264)|(16,353)||||
||Increase in portfolio cash|108|27|135||||
||Adjustment<br>to record market|6587|1 614|8201|4 187|1 084|5 271|
||value ofinvestments|||||||
||Market value at|||||||
||31"December 2021|||||||
|||81 123|20476|101599|71 579|18 114|119693|
||Historical cost at|||||||
||31"December 2021|61 573|15363|76936|58615|14616|73231|
||Investments|81,015|20,449|101,464|71,579|18,114|89,693|
||Cash held within portfolios|108|27|135||||
||Market value at|||||||
||31"December 2021|81 123|20 476|101599|71 579|18 114|89693|



|Charities Investment|Fund Units|63,594|16,093|79,687|71,579|18,114|89,693|
|---|---|---|---|---|---|---|---|
|U14 listed shares||14,384|3,598|17,982||||
|Overseas shares||2,323|580|2,903||||
|Fixed income||714|178|892||||
|Cash holdings||108|27|135||||
|||81 123|20476|101599|71 579|18114|89693|





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||||||2021||||2020||
|---|---|---|---|---|---|---|---|---|---|---|
|||General||Methodist||Total||General|Methodist|Total|
|||Fund||Church||Funds||Fund|Church|Funds|
||||||Fund||||Fund||
|||||restricted|||||restricted||
|||f,'000|||f.'000|K'000||f,'000|K'000|f,'000|
|10.|Tangible fixed assets||||||||||
||Furniture &equipment||||||||||
||Cost||||||||||
||At 1"January 2021<br>Additions<br>Disposal||21||||21|21<br>1<br>~1||21<br>1<br>~1|
||31"December 2021||21||||21|21||21|
||Depreciation||||||||||
||At 1"January 2021||20||||20|21|||
||Charge for the year||||||||||
||On disposals||||||||||
||At 31~ December 2021||20||||20|20||20|
||Net book value||||||||||
||At 31"December 2021||||||||||
||At 31"December 2020||||||||||
|11.|Debtors||||||||||
||Investment<br>income receivable||464||118|582||567|144|711|
||Prepayments||1||||1|2||2|
||||465||118|583||569|144|713|
||Investment<br>income receivable|is a financial|instrument||and is|measured|atpresent value.||||
|12.|Creditors||||||||||
||Amounts<br>falling due within one||||||||||
||year||||||||||
||Taxation||4||||4||||
||Creditors||||||||||
||Accruals||11||||11|9||9|
||Grants payable|2|063||556|2619||1 901|728|2 629|
|||2|078||556|2634||1914|728|2 642|





## 

||||2021|||2020||
|---|---|---|---|---|---|---|---|
|||General|Methodist|Total|General|Methodist|Total|
|||Fund|Church|Funds|Fund|Church|Funds|
||||Fund|||Fund||
||||restricted|||restricted||
|||K'000|OOOO|K'000|f,'000|K'000|K'000|
|13.Grant commitments||||||||
|Grant commitments|at|||||||
|1"January 2021||2251|805|3056|2007|1 078|3 085|
|Grant commitments|made in|||||||
|the year||2,285|398|2,683|2,195|655|2,850|
|Cancellations/recoveries||(96)|(57)|(153)|(116)|(131)|(247)|
|Grants paid||(1,975)|(503)|(2,478)|(1,835)|(797)|(2,632)|
|Movements<br>in the year||214|~162|52|244|~273|~29|
|Grant commitments|at|||||||
|31"December 2021||2465|643|3 108|2 251|805|3 056|
|Payable as follows:||||||||
|Within one year||2,063|556|2,619|1,901|728|2,629|
|After more than|one|||||||
|year||402|87|489|350|77|427|
|||2 465|643|3 108|2 251|805|3 056|



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|EAST ANGLIA:|||||||
|---|---|---|---|---|---|---|
|North Lynn Methodist<br>Church|||||45,000||
|Ridley Hall, Cambridge|||||36,000||
|Community<br>Chaplaincy<br>Norfolk (over 3years)|||||30,000||
|StMary's Church, Ely|||||40,000||
|StPaul's Church, Clacton-on-Sea|(over||3years)||30,000||
|EASTANGLIA:|||||181,000|181,000|
|LONDON:|||||||
|Gregory Centre for Church Multiplication||||(over 3years)|45,000||
|Hoddesdon<br>Parish Church (over 3||years)|||30,000||
|StAndrew's<br>Church, Langford|||||17,000||
|Diocese ofLondon Youth Ministry||(over 3years)|||48,750||
|Just Love UK (over 3years)|||||22,500||
|Holy Trinity Church, Tulse Hill|||||35,000||
|Newham<br>Youth for Christ (over|3|years)|||30,000||
|YWAM, Harpenden|||||25,000||
|Oak London, Bethnal Green (over||3years)|||30,000||
|Activate Sports Ministry,<br>Teddington|||(over 3years)||30,000||
|King's Cross Church|||||47,000||
|Christ Church, Bexleyheath<br>(over||3years)|||25,500||
|LONDON:|||||385,750|385,750|
|MIDLANDS:|||||||
|Hope Methodist<br>Church, Higham|Ferrers||||45,000||
|Dunchurch<br>Baptist Church|||||30,000||
|Newport Pagnall URC|||||25,000||
|StNicholas Church, Stretton|||||19,000||
|Kidlington<br>Methodist<br>Church|||||25,000||
|Amington<br>Parish Church (over 3years)|||||30,000||
|StPhilip and StJames Church, Whittington|||||12,000||
|The Parish ofPenn Fields (over 3|years)||||30,000||
|Evesham Baptist Church|||||25,000||
|MIDLANDS:|||||241,000|241,000|
|NORTHERN IRELAND:|||||||
|Child Evangelism<br>Fellowship,<br>Belfast|||||35,000||
|Helping Hands, Portadown|||||25,000||
|StAndrew's<br>Presbyterian<br>Church,|Bangor||||35,000||
|Comber Youth for Christ (over 3years)|||||30,000||
|Comber Youth for Christ|||||20,000||
|The Gathering, Belfast (over 3years)|||||30,000||
|Secretary to Conference, The Methodist||Church||in Ireland (over 3years)|60,000||
|NORTHERN IRELAND:|||||235,000|235,000|
|IRELAND:|||||||
|Bray Methodist<br>Church|||||23,000||
|Drimoleague<br>Methodist<br>Church (over 4years)|||||40,000||
|IRELAND:|||||63,000|63,000|





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||rhe|JOSeph 4R|ank trust|||
|---|---|---|---|---|---|
|NORTH EAST:||||||
|Driffield and Hornsea Methodist|Circuit (over 3years)|||37,500||
|York Schools and York Trust (over 3years)||||30,000||
|Blackhill and Shotley Uniting Methodist||Church||50,000||
|NORTH EAST:||||117,500|117,500|
|NORTH WEST:||||||
|Doncaster Minster||||30,000||
|Brighouse Central Methodist<br>Church||||35,000||
|Hope Housing, Bradford<br>The Church ofthe Holy 4 Undivided,<br>Edale||||25,000<br>15,000||
|Holy Trinity Church, StHelens|(over 3years)|||30,000||
|Ignite Penrith (over 3years)||||35,000||
|St John's Owlerton,<br>Sheffield (over 3years)||||30,000||
|Bolton Methodist Mission (over|3years)|||37,500||
|Skipton Baptist Church||||40,000||
|The Exodus Project, Barnsley||||50,000||
|StThomas's<br>Church, Kilnhurst|(over 3years)|||24,000||
|South Lakeland Christian Trust|(over 3years)|||37,500||
|NORTH WEST:||||389,000|389,000|
|SCOTLAND:||||||
|Parish Nursing,<br>The Steeple Church Dundee (over 3years)||||45,000||
|Adelaide Place Baptist Church, Glasgow||||30,000||
|Prison Fellowship<br>Scotland (over 3years)||||45,000||
|Survivors ofHuman Trafficking|in Scotland, Edinburgh||(over 3years)|37,500||
|Work Place Chaplaincy<br>Scotland|(over 3years)|||30,000||
|Chalmers<br>Church, Edinburgh||||35,000||
|Sandyhills<br>Parish Church, Glasgow (over||3years)||22,500||
|Skene Parish Church, Aberdeen|(over 3years)|||37,500||
|Sannox Christian<br>Centre, Isle of|Arran|||50,000||
|SCOTLAND:||||332,500|332,500|
|SOUTH EAST:||||||
|Gosport Waterf'ront<br>Baptist Church||||20,000||
|StPatricks Church, Wallington||||40,000||
|The PACE Trust, Bournemouth|(over 3years)|||37,500||
|StWin&id's, Totton||||40,000||
|StMatthew's<br>Church, StLeonards-on-Sea||(over 3years)||30,000||
|Maidstone<br>Churches Winter Shelter (over||3years)||22,500||
|StJohn's Church, Southbourne<br>(over 3years)||||30,000||
|StMary Westwell||||20,000||
|StPeter's Church, Hextable||||30,000||
|YADA, Ferring (over 3years)||||30,000||
|Christian Youth Enterprises,<br>Chidham||||30,000||
|Sparkfish, Redhill (over 3years)||||22,500||
|SOUTH EAST:||||352,500|352,500|





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|SOUTH WEST:|||
|---|---|---|
|Gwithan<br>Chapel, Hayle|10,000||
|Oriel Ministries,<br>Launceston|30,000||
|Dawlish Christian Fellowship|40,000||
|Greyfriars<br>Church, Reading|50,000||
|StLawrence, Bourton on the Hill|15,000||
|All Saints Church, Wokingham|35,000||
|StCyrs Church, Stinchcombe|20,000||
|SOUTH WEST:|200,000|200,000|
|WALKS:|||
|Gilgal Baptist Church, Porthcawl|30,000||
|Glenwood Church, Cardiff|35,000||
|StPeter's Church, Rhoose|30,000||
|Ainon Baptist Church, Cardiff|25,000||
|Capel Bryn Iwan|5,000||
|Impact Schools Team, Powys (over 3years)|30,000||
|StElli Church, Llanelli|30,000||
|WALES:|185,000|185,000|