the Joseph o Rank trust
the Joseph Rank trust
Report and financial statements
for the year ended
3 1st December 2024
Charity number 1093844
Company number 4465857
A company limited by guarantee)

the Joseph o Rank trusr
Trustees, report and financial statements
for the year ended 31° December 2024
Contents
Page
Legal and admiillstrative inforn]ation
Report of the Trustees
3tolO
Independent Auditor's report
Ilto 14
Statement of financial activities
15
Balance sheet
16
Statement of cash flows
17
Notes forn]ing part of the financial statements
18to25
Grant commitsnents made during the year
26to27

the Joseph o Rank trust
THE JOSEPH RANK TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Charity name
Charity registration number
Company registration number
Web address
The Joseph Rank Trust
1093844
4465857
www.ranktrust.org
@JosephRankTrust
X handle:
Registered otrice and
Secretary's office
Worth Corner, Turners Hill Road, CRA WLEY,
RHIO 7SL
Trustees
Mr James B Rank (Chairman)
Th¢ Rcvcrend Darren Holland
The Reverend Carole Holm¢s (resigned 6.4.2024)
Mr Joseph Piers Jennings
Ms Gay Moon (Vice-choirman)
Mr Colin RH Rank
Mrs Sue Warner
(1,13,41
(2)
{2)
{1) (3)
{1.3.4)
{1,3.4)
(Commiiree membership.. l = Finance. 2 - Meihodist FUndAdv￿Ory Group, 3 - Nominalions. 4 = Appoinlments)
Staff
Dr John H Higgs PhD Msc (City) MA (Lond) MA (Kingston) BA (Hons)
Mr Alan T Lester FCA
Secretary
Accountant
Auditors
Moore Kingston Smith LLP, Betchworth House, 57-65 Station Road, REDHILL, RHI IDL
BAnkers
Barclays Bank plc, l 00 Fenchurch StreeL LONDON, EC3M 5JD.
CAF Bank Lllnited. 25 Ktngs Hill Avenue. Kings Hill. West Mallin& Kent ME19 4JQ
Investment advisers
CCLN l Angel Lane. LONDON EC4R 3AB
Solicitors
Bates Wells. l O Queen Street Plac4 LONDON, EC4R I BE

the Joseph a Rank trust
THE JOSEPH RAI¥K TRUST
REPORT OF THE TRUSTEES
YEAR ENDED 31 DECEMBER 2024
TRUSTEES, REPORT
The Board of Trustees, who also served as Company Directors during the year, of The Joseph Rank
Trust ('th¢ Charity,, 'Trust' or 'Cornpany') present their report for the year ended 31 December
2024. The Trustees confirni that the financial statements have been prepared in accordance with the
Compantes Act 2006, the Trust's governing document and the Statement of Recommended Practice
applicable to charities preparing accounts in accordance with FRS 102. effectivc l January 2019.
REFERENCE AND ADMINISTRATIVE DETAILS
The Trust is a charitable company lirnitcd by guarantee. It was incorporated on 20 June 2002 and
registered as a charity on 18 September 2002. The Company was established under a
Memorandum of Association, which established the objects and powers of the charitable company
and is governed under its articles of association. In the event of the Company being wound up
members are requir¢d to contribute an amount not exceeding £1 each.
On 31 December 2002, the Company succeeded to the undertaking (including all assets, subject to
all liabilities) of The Joseph Rank Benevolent Trust. The assets of that Trust comprised the
Methodist Church Fund, a Restricted Fund to be applied for purposes connected with, or for the
benefit of, Methodism and a General Fund, available to be applied to support wider charitable
objects.
The Joseph Rank Benevolent Trust itself. which was established on 29th April 1999, succeeded to
the undertaking of The Joseph Rank Benevolent Trust (No. 3), which was established on 18 April
1929. The Joseph Rank Benevolent Trust (No. 3) succeeded to the undertakings and amalgamation
of The Joseph Rank Benevolent Trust (No. 2), which was established on I. October 1918, The
Joseph Rank Benevolent Trust (No. 4), which was established on 23, June 1931, and The Joseph
Rank (1942) TrusL which was established on 21. April 1942. All of these Trusts had been
establisbed by the latc Mr. Joseph Ratth or by Members of hi5 family.
Following a resolution made by the Trustees at the 2009 AGM, The Registrar of Companies for
England and Wales authorised a change of name of the charity frorn The Joseph Rank Trust Limited
to The Joseph Rank Trust. The change came into effect on 15 June 2009.
STRUCTURE, GOVERNANCE AND MANAGEMEwr
The Trust is governed by its Memorandum and Articles of Association adopted on 6 June 2002.
The Trustees meet four times during the year to govern the Charity. Trustees. meetings include
Board meetings where Trustees review strntegy. operational and investment perfomiance and the
setting of operating plans and budgets. An Annual General Meeting is held in July. The Trust is a
member of the Charity Finance Group and the Secretary is an active mernber of the Foundation's
Forum, the Wales Funders Forum and the Christian Funders. Forum.
Effective partnership between Trustees and staff continues to contribute significantly to our
success. The Board delegates the exercise of certain powers in connection with the management

Ihe Joseph a Rank trusr
THE JOSEPH RANK TRUST
REPORT OF THE TRUSTEES (CONTINUED)
YEAR ENDED 31 DECEMBER 2024
and administration of the Charity &s set out below. This is controlled by regular reporting back to
the Bort so that all d￿l$lOnS made under delegated powers are ratified by the full Board.
The administration of the Trust is directed by the Board of Trustees, with certain aspects of the
work being delegated to four committees: (i) finance, (2) methodist fimd advisory group. (3)
nominations and (4) appointments. which have defined ternis of reference.
The primary function of the financc committ¢¢ is to monitor the perfornian¢¢ of the inveslment
adviKrs and to keep the main Board advised of the Icvel of funding availablc for the purposes of
making grants. It also oversees the general financial administrdtion of the Trust.
The Methodist Fund Advisory Group is responsible for considertng in detail appeals submittcd by
Melbodist chariti¢s, Independent Methodist Churches, churches. circuits and districts of The
Methodist Church of Great Britain and The Methodist Church in Ireland, and thereafter to put
fonvard recommendations to the main Board.
Both the above committees met forn]ally four times during the year.
The nominations committee is responsible for keeping under review the constittition of the Board
and making r¢commendatTons on the appointment of new Trustees. The appointments committee
was estsblished to put recommendations on staff matters to the Board.
All of the Trustees are involved in the grant-making process of the Trust. The Secretary is
responsible for the day-tfrday management of the Trust and for implementing policies agreed by
the Board of Trustees. The Accountant assists th¢ S¢¢r¢tary and is responsible for the Trust's
financial matters.
Recruitment Ydnd a
ointment of Trustees
The Trustees are also Directors for the purposes of Companies Act 2006.
Under the provisions of clause 12 of the articles of association, a Chairman is elected for a terni of
five years. Mr. James Rank was re-elected Chairnian in July 2022. His office will run from October
2022 to October 2027, a period of five years.
Each year. at the annual general meetin& one third of the eligible Trustees retire by rotation.
At th¢ forthcoming annual general meeting, Mr Colin Rank, Mrs Sue Warner and The Reverend
Darren Holland retire by rotation and being eligible, offer themselves for re-election.
Under the provisions of clause 7(1) of the articl¢s of associatio￿ Trustees are appointed by
resolution of the Board following recommendations put forward by the Chainnan.
Clause 7{2) of the articles of association stipulates tha( in selecting ￿rSOnS to be appointed as
Trustees, account shall be taken of the benefits of ap￿inting a person who is able, by virtue of his
or her personal or professional qualifications, to contribute to the pursuit of th¢ objects or
management of the Trust. All Trustees are required to declare at the AGM all relevant interests,
details of which are kept in a Register of Interests which is maintained by the Secretary.

the Joseph a Rank trust
THE JOSEPH RANK TRUST
REPORT OF THE TRUSTEES (COIYTINUED)
YEAR ENDED 31 DECEMBER 2024
Trnstee roles iDduction and traiDi
The Trustees all have skills that enable them to contribute to the work of the Trust. Thos¢ skills are
kept up to date by a combination of their involvemcnt with the work of the Tnjst, both in reading
about spccific areas of the Trust's work and visiting projects being supported by the Trust.
In addition. Trustees are provided with copies of literature produced by th¢ Charity Commission
and other organisations dealing with changes in legislation and current good practice.
Trustees also participate in periodic 'Blue Skies days, where the work of the Trust and possible
future initiatives are considered away from the office with the help of an independent facilitator.
Statement of Trustees, Res
onsibilities
"The trustees (who are also directors of The Joseph Rank Trust for the purposes of company law) are
responsible for preparing the Truslees, Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice) including FRS 102 'The Financial Rq)orting Standard applicable in thc UK and
Republic of Ireland,.
Company law requires trustees to prepare fmancial statements for each financial year which give a true
and fair view of the state of affairs of the charitable company and of the incoming resources and
application of resources, including the income and expenditure, of the charitable company for that
period. In preparing the financial ststements, the trustees are required to.,
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP.
make judgements and estirnates that are reasonable and prudent.
state whether applicabl¢ UK A￿oUntIng Standard3 havc been follow¢d, subj¢ct to any matcrial
departures disclosed and explained in the fll)ancial statements: and
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable
accuracy at any time the fmancial position of the cbaritable company and to enable them to ensure that
the financial statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the charitable company and hence taking reasonable steps for the prevention
and detection of fraud ajid other irregularities.

rhe Josepha Rank trust
THE JOSEPH RANK TRUST
REPORT OF THE TRUSTEES (CONTINUED)
YEAR ENDED 31 DECEMBER 2024
In so far as the trustees are aware..
there is no relevant audtt inforniation of which the charitable company's auditor is unaware. and.
the trustees have taken all steps that they ought to have taken to make themselves aware of any
relevant audit inforniation and to establish that the auditor is aware of that inforn]ation.
The trustees are responsible for the maintenance and integrity of the corporate and financial
inforniation included on the charitable company's website. Legislation in the United Kingdom
governing the preparation and dissemination of fmancial statements may differ from legislation in
other jurisdiction5.
li
OBJECTIVES, ACTIVITIES AND ACHtEVEMENTS
The Trust's registered objects are:
to advance th¢ Christian faith;
to further any other objects or purposes which are exclusiveRy cbaritable according to
the laws of England and Wales in force from time to timc.
Grant makin
olicv
I"he Trustees meet the objectives through two main activities:
l. Projects that demonstrate a Christian approach to the practical, educational and spiritual
needs of people of alfi ages.
2. The adaptation of Church properties with a view to providing improved facilities for use
by the church and its work in the community in which it is based, with due regard to the
requirements of the Methodist Church Fund (a reslricledfund).
Tn making gr2nLs for the AdApIAtion of Church properties, the Trustees work with all denominations
plus churclies: circuits and districts of The Methodist Church of Great Britain, and The Methodist
Church in Ireland.
Consideration is given to Churches that advance the Cl]ristian faith by funding projects that meet
the social needs of the community around them. After supporting these main activities, the Trustees
are prepared to consider other appeals. although resources remaining to support such appeals are
limited.
Other appeals which are selected for consideration by the Trustees musL in their view, demonstrate
a Christian approach to the practical. educational and spiritual needs of people. The Trustees do not
consider appeals from individuals. unregistered organisations or from charities for the benefit of
named individuals.

Ihe Joseph a Rank trust
THE JO,SEPH RANK TRUST
REPORT OF THE TRUSTEES (CONTINUED)
YEAR ENDED 31 DECEMBER 2024
When considering appeals to the Trust if there any confiicts of interest that arise from agenda items,
the Trustee in question is required to withdraw from any subsequent discussion as deemed
appropriate by the Chainnan, and this is noted in the minutes of the mceting concerned.
The Trust's online
resence
During the year, the Trust maintsined its existing website www.ranktrust.org and a social media
presence on X using the handle @JosephRankTrust At the end of the year the Trust had 1,150
followers and achieved 22,231 post irnpressions (number of times people viewedour messages)
during the year.
The Trust's website publishes important information on what the Trust aims to do, how to apply to
the Trust for funding, and what the Trust has been doing. This infonnation is available free to all
visitors.
The Trnst is committed to transparency and we work with 360Giving lo publish data about our
grants. A link to the detailed analysis of our grant data between 2017 and 2024 click is provided on
the homepage of the website.
Since 2017 thc Trust has submitted its grant data to 360Giving".
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Public Benefit
The Trustees have complied wilh section 4 of the Charities Act 2006, having due regard for the
Charity Commission's guidance on public benefit when reviewing the Trust's aitns and objectives,
when setting the grant making policy and in making award5.
The Trustees are satisfied that the Trust meets the public benefit requirement by supporting a wide
and diverse range of charitable activities, and they carefully review the public benefit impact when
considering grant applications and continue to support only UK registered charilies.
Achievements and erforn]ance
The "frusl aims to identify and support charities which can demonstrate that they can deliver
successful outcomes on behalf of individuals. groups and communities they scek to serve.
Through the Trust policy of visiting appeals, both prospective and existing, we are constantly
Surprised to discover the diverse and wide rang¢ of activities and supplies that are delivered to
front-line beneficiaries.
As a responsive grant-maker, with a grant-plus methodology (not only givingfinoncial support but
where appropriate impartprojecl-relevani knowledge and bestpraclice), we operate across a large
number of sub-sectors in the Christian and faith-based communities that we serve.
See www.ranktrust.ory]categorisedlinks.htm for further details.

the Joseph a Rank rrusr
THE JOSEPH RANK TRUST
REPORT OF THE TRUSTEES (CONTIIWED)
YEAR ENDED 31 DECEMBER 2024
A significant area of our funding is core funding or revenue funding, which is awarded to Charities
in both a restricted and unrestricted way.
During the year, grant commitments totslling £2,695,300 (2023: £3,021,600) were made of which
£310.800 (2023: £515,000) represented commitments to Methodist Church appeals and £2,384,500
(2023: £2,506,600) represented commitments to Community service and youth projects.
A summary list of commitments is produced later in this report (pages 26 to 27) showing the
geographical spread in th¢ UK based upon Royal Mail post¢od¢s.
The Trust Continued its policy of visiting prospective and existing ap￿al5 and 160 visits were made
by the Secretary and Trustees. Details of grant commitments are given between pages 26 to 27.
FllYANC￿L RE￿Ew
Inve$tmeDt lie
I'he main investment objectives are to protect the investment portfolio from the effects of inflation,
thereby providing funds to respond to identified needs whilst also securing the capital base for the
long-terni future. In deciding upon investments, the Trust's investment advisers adopt a Socially
Responsible Investtnent (SRI) policy that includes carrying out research into the social,
environmental and ethical stance of Companies.
Investment
erformaDce
The Trust". s investment portfolio is managed by CCLA within guidelines a￿eed with the Trustee5.
The perforniance of the investment portfolio is monitored by the finance committee. which meets
quarterly with the investment advisers.
During the year the value of the Trust's investment portfolio increased by £2.281m: the General
Fund by £1.821m and Methodist Church Fund by £460k. The main reasons for this modest
incroase in value was the diversity of inv¢stm¢nts mt￿¢ by CCLA on a plalforni of low UK int¢re3t
rates, the return of optimism to thc UK & US employment markets, strong perforniance of US
stocks and increased optimism post the UK General Election.
Reserves
olic
The only restriction that the Memorandum and Articles of Association placc on the use of capital is
that the rc50urces of the Methodist Church Fund must be applied for purposes connected with, or
for the benefit of, Methodism.
The work of the Trust is dependent upon the income produced by the inveslment portfolio. As at
31. December 2024, it is estimated that it will produce a return of at least 3% which will be
sufficient to enable the Trust to continue with its estsblished pattern of grant making.
At 31¥1 December 2024 the reserves within the General Fund amounted to £77.195m (2023:
£75.505m) and within the Methodist Church Fwid £19.304m (2023: £18.552m). As stated above,
the reserves are required to produce an income sulTAcient to enable the Trust to finance its work.

the JosephaRank
rrust
THE JOSEPH RANK TRUST
REPORT OF THE TRUSTEES (CONTINUED)
YEAR ENDED 31 DECEMBER 2024
The Trust's policy is to not make substantial increases in reserves other than are necessary to
finance the work of the Trust. It is anticipated that resources expended in any one year might not
always mdtch incoming resources with the result that the level of reserves will fluctuate in addition
to any increases or decreases because of movements in the value of investments within the
portfolio. Th¢ increase in the value of the portfolio is explained on page 8 in the invesim¢nt
perfomiance section.
The Finance Committee continues to review the reserves policy and the levcl of reserves held on an
on-going basis to ensure that they are adequate to fulfil the Trust's commitments and to ensure
financial stability.
Risk assessment
Each year the Board of Trustees examines all areas of the Charity's operations and consider what
major risks may arise in each of these areas. The principal risks are the loss of our 2 staff (internal)
and a significant downturn in the economy (ext¢rnal). In the opinion of the Trustees, the Charity
has established procedures and review systems to manage these risks. In addition, the Finance
Committee considers risks spccifically related to finance and investments at each of their meelings,
with any issues raiscd being reported to the main Board of Trustees.
Related arties
The Trust does not have any directly related parties.
Staff salaries
The Finance Committee fomally reviews the staff salaries and conditlODS each year and makes
recommendations to the main Board of Trustees.
Auditor
Moore Kingston Smith LLP has indicated its willingness to continue in otyice.
Small Com
anies Exern
tion
This repon has ￿en prepared in accordance with thc provisions applicable to companics cntitlcd to
the small companies exemption.
Tbe Methodist Church Fund
On 9th January 2025 the Charity Cotnmission granted the TrusL through the methodology of a cy-
pres scheme, new objects for the Methodist Church Fund:
"For such charitable Pu￿OseS connected with and for the benefit of the Methodist Church and to
be in applied in such manner as the trustees shall in their absolute discretion think fit.
In so tar as funds &2nnot be applied for the above purpose then they may be applied
(i)
to advance th¢ Christian Faith.
(li) to further any other objecls or purposes which are exclusively charitable according to the
laws of England and Wales."

the Joseph o Rank rrust
THE JOSEPH RANK TRUST
REPORT OF THE TRUSTEES (CONTINUED)
YEAR ENDED 31 DECEMBER 2024
The Trust plans to continue the activities along its established lines and will be responsive to new
developments by organisations that share the Trust's objectives.
The Trustees intend to continue to follow & strategy that has the following aims:
(i ) to be pro-active in the approach to grant giving.
(2) to provide a grant-plus approach (not only givingfinancial .%uppori but where appropriale
Empari projecl-relevani knowledge and besi practice), its dealings with charities seeking
13) to collaborate and network with other Trusts and organisations with similar objectives.
(4> to take steps to increase income"
(5) to promote best practice in the use of church and community buildings.
(6) to be transparent. pro-active and open with our grant data.
The Trustees are content that Mr Joseph RanK our founder, would approve of the efforts of the
Trust over th¢ last year and would be satisfied that the Trust is meeting the moral and legal
obligations that it owes to its beneficiaries and to its benefactors.
Approved by the Trustees of The Joseph Rank Trust (charity number 1093844 and company number
4465857) on 24 April 2025 and signed on its behalf by:
J.B. RANK
Cbairmgn
10

the Joseph a Rank
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE JOSEPH RANK TRUST
riusr
Opinion
We have audited the financial statements of The Joseph Rank Trust ('the charitablc ci)mpany') for th¢ year
ended 31 December 2024 which comprise the Statement of Financial Activities including the Income and
Expenditure Account. the Balance Sheet, the Cash Flow Statement and notes to the financial statements,
including significant accounting policies. The financial reporting framework that has been applied in their
preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial
Reporting Standard Applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted
Accounting Practice).
In our opinion the fmancial ststements:
give a true and fair view of the state of the charitsble company's affairs as at 31 December 2024 and
of its incoming resources and application of resources. including its income and expenditure, for the
year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditor's
Responsibilities for the audit OF the financial statements section of our report. We are independent of the
charitable company in accordance with the ethical requirements that are relevant to our audit of tlie financial
statements in the UK, including the FRC'S Ethical Standar(L and we have fvlfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
tn auditing the financial ststements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfornied. we have not identified any material uncertainties relatTng to events or
conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to
continue &s a going concern for a period of at least twelve rnonths from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Other inforniation
The other inforniation comprises the infonnation included in the annual repor¢ other than the financial
statements and our auditor's ￿port thereon. The trustees are responsible for the other inforniation contained
within the annual rcport. Our opinion on the financial statements does not cover the other information and,
exccpt to the extent otherwise explicitly stated in our report, we do not express any forni of assurance
conclusion ther¢on.
Our responsibility is to read the other inforniation and, in doing so, consider whether the othcr inforniation is
materially inconsistent with the financial slatements or our knowledge obtained in the course of the audit or

Ehe Joseph a Rank trust
otherwisc appears to be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to detertnine whether there is a material misstatement in the f￿anCIal
statements themselves. If, based on the work we have perfornied, we conclude that there is a material
misstatement of ihis other infonnation. we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the inforniation given in the trustees, annual report for the fmancial year for which the financlal
statcments are prepared is consistent with the financial statements; and
the trustees, annual report have been prepared in accordance with applicable legal requirements.
Matters on T¥hieh we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of
the audiL we have not idcntificd material misststements in the trustees, annual r¢port.
We have nothing to report in respect of the following matters Whe￿ the Companies Act 2006 r¢quir¢s us to
repK)rt to you if. in our opinion".
adequate accounting records have noi been kept, or returns adequate for our audit have not been
received from branches not visited by us: or
the financial statements are not in a￿eement with the accounting records and returns. or
certain disclosures of trustees, remuneration specified by law are not made. or
we have not received all the inforniation and explanations we require for our audiL or
the trustees were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies exemption in preparing the trustees,
annual report and from preparing a strategic report.
Responsibilities of trustees
As explained more ￿llY in the tnistees, responsibilities statement set out on page 5, the trustees (who are also
the directors of the charitable company for the purposes of company law) are responsible for the preparation
of the finAncig1 statement¢ 2nd for bein8 gatisFied that they give a true and fair vicw, and for such internal
control as th¢ trustees deterniine is necessary to enable the preparation of financial siatements that are free
from material misstatemeni whether due to fraud or e￿Or.
tn preparing the financial statements, the trustees are responsible for assessing the charitable company's
abilitv to continue as a going concern, disclosing, as applicable. matters rclated to going conccrn and using the
going concern basis of accounling unless the trustees either intend to liquidate the charitable company or to
cease operations, or have no realistic alternative but to do so.
Auditor's Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonablc assurance about whether the financial statements as a whole are free
from material misstatevnent, whether due to fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted Èn
accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise
from fraud OT error and are considered material if. individually or in aggregate, they could reasonably be
expected to influence the economic decisions of users tsken on the basis of these fmancial statements.
12

the Joseph a Rank trust
As part of an audit in accordance with ISAS (UK) we exercise professional judgement and maintain
professional scepticism throughout the audiL We also:
Identify and assess the risks of material misstatement of the fmancial statsm¢nts, whether due to fraud
or error, design and perfomi audit procedures responsive to those risks, and obtain audit evidence that
is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material
misstatement resulting from fraud is higher than for one resulting from e￿or, as fraud may involve
ollusion, forgery, intentional omissions. misrepresentations, or the override of internal contrnl.
Obtsin an understanding of internal control relevant to the audit in order to design audit procedures
that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the
effectiveness of the charltable company's internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
Conclude on the appropriateness of the trust¢es' use of the going concern basis of accounting and.
based on the audit evidence obtsined, whether a material uncertainty exists related to events or
onditions that may cast significant doubt on the Charitable company's ability to continue as a going
concern. If we conclude that a material uncertainty exists, we are required to draw attention in our
auditor's report to the related disclosures in the financial statements or, if such disclosures are
inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the
date of our auditor's reporL However. fu￿re events or conditions may cause the charitable company
to cease to continue as a going concern.
Evaluate the overall presentstion, structure and content of the financial statements, including th¢
disclosures, and whether the tinancial statements represent the underlylng transactions and events in a
manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and
timing of the audit and significant audit findings, including any significant deficiencies in int¢rnal control that
wc identify during our audit.
Explanation as to what extent the audit Ivas considered capable of deteeting irregularities, including
fraud
IrTegularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material missLqtements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities,
including fraud is detailed below.
The objectives of our audit in respect of frau(L are. to identify and assess the risks of material misstatement of
the financial statements due to fraud. to obtain sufficient appropriate audit evidence regarding the assessed
risks of material misstatement due to fraud, through designing and implementing appropriate responses to
those assessed risks: and to respond appropriately to instances of fraud or suspected fraud identified during the
audit. Howevcr, the primary responsibility for the prevention and detection of fraud rests with both
management and those charged with governance of the charitsbl¢ company.
Our approach was as follows:
We obtained an understanding of the legal and regulatory requirements applicable to the charitable
company and considered that the most significant are the Companies Act 2006. the Charities Act
13

the Joseph a Rank trusr
2011. the Charity SORP, and UK fmancial reporting standards as issued by the Financial Reporting
Council.
We obtained an understanding of how th¢ charttable company complies with these requirements by
discussions with management and those charged with governance.
We assessed the risk of material misstatement of the financial statements. including the risk of
material misstatement due to fraud and how it might occur, by holding discussions with management
and those charged with governance.
We inquired of management and those charged with governance as to any known instances of non-
compliance or suspected non-compliance with laws and regulations.
Based on this understanding, we designed specific appropriate audit procedures to identify instances
of non-compliance with laws and regulations. This included making enquirics of management and
those charged with governance and obtaining additional ￿rrObOraIlV¢ evidence as required.
Ther¢ inherent limilations in thc audit procedures described above. We are less likely to become aware of
instances of non-compliance with laws and regulations that are not closely related to events and transactions
reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is
higher than the risk of not detecting one resulting from e￿Or, as fraud may involve deliberate concealment by,
for example. forgery or intentional misrepresentations, or through collusion.
Use of our report
This report is made solely to the charitsble company's members. as a body. in accordance with Chapter 3 of
Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
company's members those matters we are required to state to them in an auditor's report and for no other
purpose. To the fullest extent pernlitted by law. wc do not accept or assume responsibility to any party other
than the charitable company and charitsble company's members as a body, for our audit work, for this tepor¢
or for the opinions we have formed.
11 ZOLS
James Saunders (Seiiinr statutnry Aiiditor)
for and on behalf of Moore Kingston Smith LLP. Statutory Auditor
Betchworth House
57-65 Station Road
Redhill
RHI IDL
14

the Josepha Rank trust
ststement of fmancial activities for the year ended 31° December 2024
neluding Income aDd Expenditure Account)
2024
2023
Methodist
Church
Fund
restricted
Gen¢Tal
Fund
Methodist
chU￿h
Fund
restrict¢d
Total
Funds
General
Fund
Total
Funds
Notes
£'ooo
£'ooo
£'ooo
£'o(K)
£'ooo
£'ooo
Ineome from
Investment income
l(c) & 2 2,348
586
2,934
2.418
602
3.020
Donations
Total
586
602
Expenditllre on:
Charitable activities
3&4
2,481
294
2,775
2,573
327
2.900
Total
294
327
Realised net gains (losses) on
disposal of investments
Unrealised gains on
revaluation of invesiments
1,821
460
2,281
5,951
1,503
7.454
Net income and net
movement in funds
1.690
752
2,442
5,798
1,778
7.576
ReconciliatioD of funds:
Total funds brought
fonvard
Total funds carried forward
The statement of financial activities includes all gains and losses in the year. All incoming resources and
reSoU￿eS expended derive from continuing activities.
15

Ihe Joseph a Rank trust
Balance sheet
at 31" December 2024
2024
Methodist
Church
Fund
restricted
2023
General
Fund
Total
Funds
GeneraI
Fund
Methodist
Church
Fund
restricted
Totsl
Funds
£'ooo
£'o
£'ooo
£'ooo
£'ooo
£'ooo
Notes
Fixed assets
Investments
Tangible assets
78250
19.755
98,005
76,429
19.295
95,724
10
98.006
95,725
Currcnt assets
Debtors
Cash at bank
586
11
145
212
731
499
575
891
141
232
716
659
1,297
(67)
1,230
1,466
(91)
1,375
Creditors
Amounts falling due
within one year
Net current assets (liabilities)
12
333
539
514
400
914
409
630
Totsl assets less current
liabilities
77,737
19,355
97,092
76,021
18.665
94,686
Grants payable after more
than one year
13
542
593
516
113
629
Net assets
Total funds
Unrestricted ftLnd5
77.195
77.195
75.505
75,505
Restricted funds
The notes on pages 18 to 25 forni part of these accounts. These accounts are prepared in accordance with the
provisions of the Companies Act 2006 subject to the small companies regim¢.
Approved by the Trustees of Th¢ Joseph Rank Trust (compapty number 4465857) and authorised for issue on 24
April 2025 and signed on their behalf by:
Directors

the Joseph a Rank
Irusr
st
Statement of cash flows for the year ended 31 December 2024
2024
2023
Total
Funds
Total
Funds
£'oc
£'ooo
Cash generated(used) in
operating activities
Cash flows from lov￿ting
activities
Investment income
2.919
2,940
Purchase of fixed assets
Proceeds from sales of investments
I reduclion in deposits
Purchase of investments and
additional deposit
(i)
15,250
2,000
Cash provided by
investing activities
(Decreaseyincrease in cash in the
year
Cash and cash equivalents at the
beginning of the year
TotAI cash and cash equivalents
At the end of tbe year
(160)
294
659
365
499
659
Reconciliation of net movement in funds to cash flow from
operating activities
Net movement in funds per
statement of financial
activities
2,442
7.576
(Gains) losses on investments
(2.281) (7,454)
Investment Income
(Increase)/decrease in debtors
Increase/(decrease) in creditors
(2,934) (3,020)
(270)
{132)
Increa%e/(decrease) in grants
due after l year
Net cash used in operating
activities
36
135
17

the Joseph a Rank
rrust
Notes forming part of tbe financial stAtements for the year ended 31 December 2024
l. Aeeounting policies
Th¢ financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities pr¢paring their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP
(FRS 102)), the Financtal Reporting standard applicable in the UK and Republic of Ireland (FRS 102), and
the Companies Act 2006. The particular arxounting policies adopted by the Trustees are described below:
(a) Accounting eonv¢Dtion Vdnd assessment of going concern
The financial ststements have been prepared Under the historical cost convention, as modified by the
inclusion of f￿ed asset investments at mid-maTket value. The Trustees consider that there are no
material uncertainties about the I'rust's ability to continue as a going concern. The most significant
areas of adjustment and key assumptions that affect items in the accounts are to do with ¢stimating the
liability from mu]ti-year grant commitments (se¢ not¢ l(d) and notes 12 and 13 for more inforniation).
With respect to the next rep)rting peri(xl, the year ending 31° December 2025. the most significant
areas of unc¢rtainty that affect the carrying value of assets held by tbe Trust are the level of Anvesiment
return and the perforniance of the investment markets (see the Financial Review on pages 8 aT]d 9 for
more inforniation) including the irnpact of the ongoing conflicts in the Middle East and between Russia
and Ukraine and associat¢d economic pressures. These financial statements are prepared in sterling
which is the functional currency of the charitable company. Monetary amounts in these financial
statements are round¢d to the nearest one thousand pounds. The Charitsble company meets the
defTnition of a public benefit entity under FRS 102.
(b) Fund accounting
The Methodist Cburch Fund is restricted to b¢ applied for purpos¢5 connected with. or for the
benefit 0£ Methodism.
The General Fund is available for us¢ at the discretion of the Trustees in fijrtherance of the general
objectives of the Trnst.
(c) Income
All income is included in the statement of financial activities when the TTh￿t is entitled to the income
and the amount can be quantified with reasonable accuracy. The following specific policies are applied
to particular categories of income:
Investment income repr¢sents inteTesL divTdends, and prop¢rty fund income (together with the
associaied tax credit).
tn additiOT], the Fund has concluded an agreement for a partial rebate of management fees which is
treated as income.
{d) Expenditure
Expenditur¢ is rocosnksed on art accruals basAS ￿ a liability 13 AncutrGIL Expcndilurc illclllL1¢5 VAT,
which the Trust is unable to recover, and is reported as part of the expenditure to which it relates:
Charitable expenditure comprises grants and those costs incU￿¢d by the Trust in funding its
activities. It includes both costs that can be all￿ated directly to such activitie5 and those costs of
an indirect nature necew to support th¢m.
Grants comprise commitments made during the y¢ar i￿eSpeCtive of the dates when payments
thereunder become due.
Governance costs include those costs associated with meetingy the constitutional and statutory
r¢quirements of the Trust and include audit fees and costs linked with the strategic management of
the Trust and are allocated to charitable expenditure.
(e) Fixed assets
Fixed a55ets (excluding investments) are stated at C05t less accumulated depreciation. Depreciation is
calculated to write off the cost of the assets by equal instalments over three years. Investments held as
fixed assets are revalued at mid-market value at the balance sh¢¢t date and the gain or loss taken to th¢
statement of financial activities. Unlisted investtnents are initially rec(wiised at cost and subsequently
measured at fair value where practicable.
18

the Joseph a Rank rrust
St
Notes forniing part of the financial statements for the year ended 31 Deeember 2024
(continued)
(O RetlremeDt benefits
The Trust operates a deflned contribution scheme. The amount charged to the income and expenditure
account in respect of pension costs and other retirement benefits ts the contributions payable in the y¢ar.
(g) Rent81- operating lease
Rentals payable under operating le&ses are charged against ir]come on a strdight-line basis over the terrn
of the lease.
(h) Critical accounting estimatÉs and areas of judgement
In the view of the Trustees in applying the accounting policies adopted, no .judgements were required
that have a significant effect on the amounts recognised in the financial statement5 nor do any estimat¢s
or assumptions made carry a significant risk of material adjustm¢nt in the next financial year.
(i) Financial Instruments
(i) Cash and cash equivalents.
Cash and cash equivalents include Cash at banks and in hand and short-terni deposits with a maturity
date of three months or less.
(li) Debtors and Creditors
Debtors and creditors receivable or payable within one year of the reporting date are Ca￿led at their
transaction price. Debtors and creditors that are receivable or payable in more than one year and not
subj¢ct to a market rate of interest are measured at th¢ present value of the expected future receipts or
payments discounted at a maTket rate of interest.
(iii) Fixed Asset Investments
Investments ate a forni of basic fmancial instrument and are initially recognised at their transaction
value and subsequently remeasured at their fair value at the balance sheet date using mid-market value.
The Statement of Financial Activities includes the net gains and losse5 arising on revaluation and
disposals throughout the year.
19

the Joseph a Rank trust
Notes forming part of the f￿ancial statements
st
for the year ended 31 December 2024 (continued)
2024
2023
General
Fund
Methodist
Church
Fund
restricted
Totsl
Funds
General Methodist
Fund
Church
Fund
restrlcted
Total
Fundq
£'ooo
£'ooo
£'ooo
£'o
£'ooo
£'ooo
2. Investment income
Cash held within the portfolio
52
13
65
337
80
417
Dividends
Investment Fund Income
573
522
48
586
602
3. Resources expended 2024
Allocation
Charitable
activities
Governanc¢
costs
2024
Total
£'o(K)
£'ooo
£,￿0
Costs directly allocated to
activities
Grants committed (net)
Audit fee
Direct
Direct
2.527
2,527
12
12
Support costs allocated to
activities
Consultancy
Premises
General office expenses
Trustees, expenses
Staff costs
Dire
12
31
Usage
Time
Time
21
10
164
17
50
181
General Fund
2,481
Methodist Church Fund
294
20

the Joseph a Rank trust
Notes forming part of the fmancial statements
for the year ended 31" December 2024 (continued)
4. Resources expended 2023
Allocation
Charitable
activities
Governance
costs
2023
Total
Costs directly allocated to
activtties
Grants committed (net)
Audit fee
Direct
Dir¢ct
2,669
2,669
Support costs allocated to
activities
Investment management
Premises
General office expenses
Trnstees, expenses
Staff costs
Direct
11
22
12
32
Usage
Time
Time
10
154
19
42
173
2,573
General Fund
327
Methodist Church Fund
2024
2023
General Methodist
Fund
Church
Fund
restricted
General
Fund
Methodist
Church
Fund
r¢stri¢ted
Total
Funds
Total
Funds
£'ooo
£'ooo
£'ooo
£'ooo
£'ooo
£'o
5. Net incoming (outgoing) resources
for the year
These are stated after charging:
Auditors, remuneration
12
12
Payments under operating
leases
12
12
li
21

the Joseph a Rank rrust
Notes forming part of the finaneial statements
for the year ended 31" December 2024 (continued)
2024
2023
General
Fund
Methodist
Church
Fund
(restrActed)
Total
Funds
General Methodist
Fund
Church
Fund
restricted
Total
Funds
£'ooo
£,0￿}
£'ooo
£'ooo
£'ooo
£'O(K)
6. Stsff costs and numbers
Salaries
Social Security costs
Life, Pennanent Health &
Mediciil Insurance
Pensioii contributions
(see nole 16)
152
14
152
14
146
13
146
13
10
173
10
173
181
During the year, the Trust had on¢ full-time employee and one part-time employee. One employee's
emoluments fell within the band £1 l 0,000 to £120,000 (2023: 1. £100,000 to £110,000).
Both employees are key management personnel.
7. Trustees, remuner&tion and related party traosactions
None of the Trustees received any remuneration during the year. Travel and out of pock¢t expenses
amounting to £2,742 {2023: £2,831) were reimbursed to 6 Trustees (2023: 6).
No other Trnstees or other person related to the Trust had any personal interest in any contract or
transaction entered into by the Trust during the year.
8. Taxation
As a charity, the Trust is exempt from tax on income and gains falling witbin part 10 ITA 2007 or section
256 of the Taxation of c.hargeable Cjains Act 1992 to the extent that these are 8pplied to its charitable
objects. No tax charges bave arisen in thc Trust.
22

the Joseph a Rank trust
Notes forming part of the fmancial statements
for the year ended 31° December 2024 (continued)
2024
2023
General
Fund
Methodist
Church
Fund
restricted
Total
Funds
General
Fund
Methodist
Church
Fund
restricted
Total
Funds
£'ooo
£'ooo
£'ooo
£'ooo
£'ooo
£'ooo
9. Investments
Market value at
151 January 2024
Additions
76,429
2,000
19,295
95.724
2,000
70.678
12,000
17,842 88,520
3,000 15,000
Sales
Increase (decrease) in portfolio (2,000)
cash
(2,000)
(12.200)
(3.050) (15.250)
Adjustment to record market
value of investments
460
Market value at
31" December 2024
19295 95724
Historical cost at
31 ' December 2024
14 933 74 781
Inveslments (listed)
Cash held within portfolios
Unlisted invesknents
76,008
242
19.195
560
95,203
802
74.l87
2,242
18,735 92.922
560
2,802
2,000
2,000
Market value at
31" December 2024
429
At 31° December 2024 the investment portfolio which comprises marketable and listed securities
Consisted of the following invesiments:
Charities Investment Fund Units
UK listed shares
UK unlisted shares
Overseas shares
Fix¢d income
Cash holdings
76,008
19.195
95,203
74,187
18,735
92,922
2,000
2,000
242
560
802
2,242
560
2.802
78
23

the Joseph a Rank trusr
Notes forming part of the financial statements
for the year ended 31" December 2024 (continued)
2024
2023
General
Fund
Methodist
Church
Fund
restrict¢d
Total
Funds
General
Fund
Methodist
Church
Fund
restricted
Total
Funds
£'ooo
£'ooo
£'ooo
£'ooo
£'ooo
£'ooo
10. Tangible fixed xssets
Furniture & equipment
Cost
At I st January 2024
Additions
22
22
21
21
Disposal
31. December 2024
22
22
Depreciation
At 151 January 2024
Charge for the year
21
21
21
21
On disp05als
At 3 1st December 2024
21
21
21
21
Net book value
At 3 1st December 2024
At 3151 December 2023
11. Debtors
Investment tncome receivable
Prepayments
584
145
729
573
141
714
586
145 ￿3]
57
141
16
Investtn¢nt incotne receivabl¢ is a financial instrument and is measured at present value.
12. Creditors
Amounts falling due within one
year
T￿atIOn
Accruals
Grants payable
333
333
539
539
24

Ihe Joseph a Rank rrust
Notes forming pgdrt of the fmancial statements
for the ye¥4r ended 31st December 2024 (Continued)
2024
2023
General
Fund
Methodist
Church
Fund
restricted
Total
Funds
General
Fund
Methodist
Church
Fund
restricted
Total
Funds
£'ooo
£'o
£'ooo
£'ooo
£'o
13. Grant commilments
Grant commitments at
I'january 2024
651
598
Grant commitments made in
the year
Can¢¢llations/recoveries
Grants paid
2,385
(140)
(2.284)
311
2.696
(21)
(161)
(557) (2,841)
2,507
(157)
(2,400)
515
3,022
(196)
(353)
(266) (2,666)
Movements in the year
Grant commitments at
31" December 2024
39
267
(306)
50
53
384
651
Payable as follows:
Within one year
1,795
333
2,128
1,860
538
2,398
After more than one
year
542
51
384
593
516
113
651
629
14. Capital commitments
At 31. December 2024 there were no capital commitments (2023: £nil).
15. Members
The Company is limited by guarantee, having no share capital, and, in accordance with clause 7 of the
memorandum of association, every member, of whom there is no maximum number. is liable to
contribute a sum not exceeding £1 in the event of the Company being wound up.
At 31. December 2024 the Company had 6 members (2023: 7). At 31. December 2024 and 315t
Lkcember 2023 all of the members were also Directors of the Company.
16. Retirement Benefits
The Trust contributes to a defined contributions scheme, for the employec whose emoluments f¢ll
within the band £ I I 0,000 to £120,000 the asscts of which are held separately from those of the charity
in an 1nde￿ndentIY administered fund. The pension cost charge represents contributions payable by
the Trust and amounted to £11,434 all of which had been paid over to the fund before 31. D¢cember
2024.
25

the Joseph a Rank trust
THE JOSEPH RANK TRUST- GRANT COMMrrMENfs MADE IN 2024
EAST ANGLIA:
Triangle Church, Ipswich (over 3years)
Parish of Green5teaiL Colchester (over 3 yeors)
27,000
30,0
EAST ANGLIA:
57,000
57,000
LOIYDON:
Holding Forth Ministy, Milton Keynes
Holy Trinity Church, Clapham
St Heller Centre of Mission (over 3years)
The Manna Society (over 3years)
Christian Funders Forum
Philo Trust, Chorl¢ywood (over 3 years)
The Centre for Theology and Community (over 3 years)
St Aldhelms Church, Edmonton (over 3 years)
St Mary of Zion Church, Clapton
The Bear Church, Deptford
Holy Trintty Church, South Woodford (over 3 years)
30,000
75.0
50,000
60,000
5,000
45,000
37,500
37,500
35,000
50,000
37,500
LONDON:
462,000
462,000
IRELAND:
Dublin Christian Mission
Praxis MovemenL Dublin (over 3years)
Portlaoise Circuit (over 3years)
Calvary Church, Claremotris
25,000
37,500
25,800
30,000
IRELAND:
118,300
118,300
MIDLANDS:
NOAH Enterprise, Luton (over 3 years)
St Christopher's Church: Springfield
St James's Church, Shirley
St Nic's Church, Nottingham
The Gatewav Church. Leek
The Manna House TrusL Northampton (over 3 years)
BRF Ministries (over 3 years)
Derby City Mission (over 3 ye￿￿)
45,000
20.000
15.000
75.000
20.000
30.000
45.000
45.000
MIDLANDS:
295,000
295,000
NORTHERN TRELAND:
Exodus, Lisburn (over 3years)
Ar(Ls Peninsula Youth Outreach project (over 3 years)
East Belfast Mission
Priesthill (Zion) Methodist Church
The Hub, Belf&st (over 3 years)
J29 Project, Banbridge (over 3years)
Buckna Presbyterian Church
45,000
37,500
15,000
40,000
40,000
37,500
45.000
NORTHERN IRELAND:
260,000
260,000
NORTH EAST:
CARE Grimsby
Blank Canvas, Redcar (over 3years)
45.000
37,500
NORTH EAST:
82.500
82.500
26

the JosephaR2nk
Irust
NORTH WEST:
Grange Methodist Church
Stones Methodist Church
Edale Methodist Chapel
Christ Church Dore
Keswick Ministries
Church un the Stree( Burnley (over 3 years)
Moorlands Church, IAncaster
St Abdi&s of Susa, Sheffield (over 3years)
St John the EvangelisL Crosby on Eden
Sl Peter's Church, Lymm
Saint Philips Chapel Street. Salford (over 3years)
The Naked Truth Project, Manchester (over 3years)
Mustard Tree. Manchester (over 3 years)
Sl Helens Parish Church (over 3 year.1)
Transforniing Lives Togeth¢r, Ch¢st¢r (over 3years)
The Jonas Centre. Leyburn
Wat¢rways Chaplaincy, Sheffield (over 3 years)
St Peters Church, Conisbrough (over 3 years)
45,000
50,000
10,000
35,000
50.000
30,000
40.000
37,500
25,000
35,000
30,000
45,000
45,000
45,000
37.500
40,000
37,500
30,000
NORTH WEST:
667,500
667,500
SCOTLAND:
Carnoustie Church
Kidron ProjecL Greenock (over 3 years)
Intogethcr. P¢rth (over 3 years)
Broughty Feny Presb>Qerian Church (over 3years)
Ellon Baptist Church
Glasgow City Mission (over 3 years)
Stirling Methodist Church
The Louise Project. Glasgow (over 3 years)
Elgin Baptist Church
The Windmill Cbristian Centre, Arbroath
MaddiS￿n Lommuniiy Church. Faikirk (over 3 years)
20.000
30,000
30,000
30,000
40,000
37.500
35.000
37,500
30.000
20,000
37,500
SCOTLAND:
347,500
347,500
SOUTH EAST:
St Barnabus Church. Bearwood (over 3 years)
St Margaret's Church. Horsmonden
Gravesham Sanctuary (over 3 yeors)
37,500
25,000
30.000
SOUTH EAST:
92,500
92,500
SOUTH WEST:
Truth be Tol¢ Poole (over 3years)
Gloucester City Mission (over 3 years)
Chichester Developrnent Trust (over 3 years)
ReBorne Community ChuTch, Milborne Port
Taunton Team Chaplaincy (over 3 years)
St Stephen's Church. Soundwell (over 3 years)
St Lawrence Church. Lechlade
30,000
45,000
30,000
30,000
37,500
30,000
35.000
SOUTH WEST:
237,500
237,500
WALES:
Cardiff Methodist Circuit
Llanishen Evangelical Church, Cardiff
50,000
25,000
WALES:
75.000
75.000
27