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2021-03-31-accounts

,

Registered number: 06217691 Charity number: 1119219

CHARIS COMMUNICATIONS

.

(A company limited by guarantee)

UNAUDITED

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

CHARIS COMMUNICATIONS

(A company limited by guarantee)

CONTENTS

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||||||||| |---|---|---|---|---|---|---|---| |Page| |Reference and|administrative|details|of the Company,|its Trustees|and|advisers|1| |Trustees’|report|2-4| |Independent|examiner's|report|5| |Statement|of financial|activities|6| |Balance sheet|7| |Notes to the|financial|statements|8-18|

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CHARIS COMMUNICATIONS

(A company limited by guarantee)

| REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021

Trustees

Rev Dr H J Osgood Rev T Howard J J Shrimpton Rev W E Sunu JR McGlashan Rev O M Efueye

Company registered number

06217691

Charity registered number

1119219

Registered office

St Paul's House Edison Road Bromley Kent : BR2 OEP

Accountant

Hedley Dunk Limited Chartered Accountants Trinity House 3 Bullace Lane Dartford Kent DA1 1BB

Page 1

CHARIS COMMUNICATIONS

(A company limited by guarantee)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2021

The Trustees present their annual report together with the financial statements of the Company for the 1 April 2020 to 31 March 2021. The Annual report serves the purposes of both a Trustees’ report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 has been omitted.

Objectives and activities

e Policies and objectives

The charitable objects of Charis Communications are to: ~ advance Christian faith - advance education and provide or assist in providing and improve access to training and associated facilities ~ relieve financial hardship; and - relieve sickness and promote good health

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance ‘Public benefit: running a charity (PB2)'.

Achievements and performance

@ Review of activities

Throughout the accounting period work was carried out in line with the charitable objects of Charis Communications mainly in the UK as overseas travel was difficult owing to the Covid pandemic. Christian Leadership training was undertaken primarily in the UK as well as in Nigeria. Schemes for poverty relief and primary education development were supported in Uganda. The Christian faith was advanced through conferences, radio and television broadcasts the distribution of books, and through online teaching resources.

Consultancy advice was provided to numerous Christian organisations, with several major UK-based projects being very well supported. Individuals were supported in the writing of Masters-level academic theses on key themes for the advancement of the Christian faith.

Throughout the accounting period the trustees/directors monitored the effects of the Covid pandemic in the light of the loss of income from speaking engagements. The trustees/directors instructed the staff to continue to review the income and expenditure weekly and to inform the trustees/directors if at any time expenditure should exceed income and/or significantly erode reserves.

The trustees/directors kept and maintained an efficient and effective system for monitoring and controlling the flow of funds within the organisation, having the accounts prepared by an Independent Examiner to ensure that the financial transparency and accountability are evident in the organisation. A portion of funds was used to run the day to day activity of the organisation and this is reflected in the records.

Page 2

CHARIS COMMUNICATIONS

(A company limited by guarantee)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Financial review

e Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

e Reserves policy

The Charity retains some reserves to be able to continue its objectives in case of an unexpected drop in income. The Trustees aim to retain one to two months expenditure in reserves and believe this will provide enough time to respond to any income shortages. Reserves are reviewed continuously by the Trustees and assessed for the needs of the Charity.

Structure, governance and management

e Constitution

Charis Communications is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association. on 18 April 2007. The principal objective of the charity is the advancement of the Christian faith.

@ Methods of appointment or election of Trustees

The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.

@ Financial risk management

The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Plans for future periods

The Trustees will continue to work hard to realise the vision of the charity.

Members’ liability

The members of the Company guarantee to contribute an amount not exceeding £1 to the assets of the Company in the event of winding up.

Page 3

CHARIS COMMUNICATIONS

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Statement of Trustees’ responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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Appro ya of the members of the board of Trustees and signed on their behalf by:
ws
.
ev Osgood
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Date: 9 November 2021

Page 4

CHARIS COMMUNICATIONS

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021

Independent examiner's report to the Trustees of Charis Communications (‘the Company’)

| report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Responsibilities and basis of report

As the Trustees of the Company (and 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, | report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

, Independent examiner's statement

| have completed my examination. | 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

  3. 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)].

| 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.

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Signed: 1 Dated: 9 November 2021
Jack Fryer ACA
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Hedley Dunk Limited Chartered Accountants Trinity House 3 Bullace Lane Dartford Kent DA1 1BB

Page 5

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CHARIS COMMUNICATIONS

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
funds
Total
funds
Total
funds
2021 2021 2020
Note E £ £
Income from:
Donations and legacies 3 98,045 98,045 108,990
Charitable activities 4 10,507 10,507 13,672
Othertrading activities 5 - . 2,852
Investments 6 ? 7 .
:
Total income
108,559 108,559 125,514
Expenditure on:
Charitable activities 7 91,208 91,298 128,990
Total expenditure 91,298 91,298 128,990
.
Net movement in funds
17,261 17,261 (3,476)
oe
Reconciliation offunds:
Total funds broughtforward 18,073 18,073 21,549
Netmovement infunds 17,261 17,261 (3,476)
Total funds carried forward 35,334
eee
35,334
ee
18,073

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

The notes on pages 8 to 18 form part of these financial statements.

Page 6

CHARIS COMMUNICATIONS : (A company limited by guarantee) REGISTERED NUMBER: 06217691

BALANCE SHEET AS AT 31 MARCH 2021

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|||||||| |---|---|---|---|---|---|---| |2021|2020|,| |Note|£|E| |Fixed|assets| |Tangible|assets|12|1,273|546| |1,273|546| |Current|assets| |Debtors|13|8,236|5,620| |Cash|at bank and|in|hand|26,569|12,622| |34,805|18,242| |Creditors:|amounts|falling|due|within|one| |year|14.|(743)|(715)| |Net|current|assets|34,062|17,527| |Total|assets|less|current|liabilities|35,335|18,073| |Total|net assets|35,335|18,073| |Charity funds| |Restricted|funds|15|-|-| |Unrestricted|funds|15|35,335|18,073| |Total funds|35,335|18,073|

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The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: Date:Rev Dr9 NovemberH Jeid:20

The notes on pages 8 to 18 form part of these financial statements.

Page 7

:

CHARIS COMMUNICATIONS (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. General information

Charis Communications is a private limited company limited by guarentee and registered in Engiand under company number 06217691. The registered office is situated at St Paul's House, Edison Road, Bromley, Kent, BR2 OEP.

  1. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Charis Communications meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normaily upon notification of the interest paid or payable by the institution with whom the funds are deposited.

Page 8

CHARIS COMMUNICATIONS

{A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

  1. Accounting policies (continued)

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing ENIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses, All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Office equipment

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.9 Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently - measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.10 Operating leases

Rentals paid under operating leases are charged to the Statement of financial activities on a straight line basis over the lease term.

Page 9

CHARIS COMMUNICATIONS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

2. Accounting policies (continued)

2.11 Pensions

The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

investment income, gains and losses are allocated to the appropriate fund.

  1. Income from donations and legacies

:

Unrestricted
funds
Total
funds
Total
funds
2021 2021 2020
£ £ £
Donations 98,045 98,045 108,990
Total2020 108,990 108,990

4, Income from charitable activities

Unrestricted
funds
Total
funds
Total
funds
2021 2021 2020
£ £ £
Ministry activities 9,436 9,436 9,355
Production activities 1,071 1,071 4,317
10,507 10,507 13,672
Total2020 13,672 13,672

Page 10

CHARIS COMMUNICATIONS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

5. Income from other trading activities

Income from non charitable trading activities

Unrestricted Total Total
funds funds funds
2021 2021 2020
£ £ £
All trading activities - - 2,852
Total 2020 2,852 2,852
6. Investment income
Unrestricted Total Total
funds funds funds
2021 2021 2020
£ £ £
Bank Interest 7 7 -
7. Analysis ofexpenditure on charitable activities
Summary byfund type
Unrestricted Total Total
funds funds funds
2021 2021 2020
£ £ £
Ministry activities 88,801 88,801 428,001
Production activities 2,497 2,497 989
91,298 91,298 128,990
Total2020 128,990 128,990

7. Analysis of expenditure on charitable activities Summary by fund type

Page 11

CHARIS COMMUNICATIONS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

8. Analysis of expenditure by activities

Activities
undertaken
directly
Supportcosts Total
funds
2021 2021 2021 2020
5 £ £ £
Ministry activities 51,409 37,392 88,801 128,001
Production activities 2,497 - 2,497 989
53,906 37,392 91,298 128,990
Total 2020 66,985 62,005 128,990
Analysis ofdirect costs .
Ministry
activities
2021
Production
activities
2021
Total
funds
2021
Total
funds
2020
£ £ £ £
Staffcosts 49,259 - 49,259 41,896
Production expenses - 2,497 2,497 989
Travel&accomodation 220 - 220 2,601
Advertising & conference costs 595 - 595 5,482
Secondment costs 1,335 - 1,335 16,017
51,409 2,497 53,906 66,985
Total2020 65,996 989 66,985

Page 12

CHARIS COMMUNICATIONS (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

8. Analysis of expenditure by activities (continued)

Analysis of support costs

Ministry
activities
2021
Total
funds
2021
Total
funds
2020
£ £ £
Depreciation , 237 237 24
Rent& rates 24,561 24,561 27,661
Insurance 4,841 1,841 1,895
Repairs& maintenance - - 4,409
Telephone 1,990 1,990 2,236
Printing, postage & stationary 623 623 3,247
Legal & professional 4,040 4,040 18,717
Otherexpenses 343 343 866
Computercosts 2,947 2,947 2,144
Governance costs 810 810 806
37,392 37,392 62,005
Total2020 62,005 62,005
9. Independentexaminer's remuneration
2021 2020
g £
Fees payabletothe Company's independentexaminerforthe independent
examination ofthe Company's annual accounts 355 355
Fees payabletothe Company's independent examiner in respect of:
All otherservices not included above 455 300
10. Staff costs
2021 2020
£ £
Wages and salaries 48,681 41,394
Contribution todefined contribution pension schemes 578 502
49,259 41,896

Page 13

CHARIS COMMUNICATIONS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

10. Staff costs (continued)

The average number of persons employed by the Company during the year was as follows:

Staff

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2021 2020
No. No.
5 4
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No employee received remuneration amounting to more than £60,000 in either year.

11. Trustees’ remuneration and expenses

During the year, no Trustees has been paid remuneration for their role as a Trustee. One Trustee has been paid remuneration from an employment with the Company in his role as the Company's primary content producer, lecturer and consultant. (He donates 80% of his time to the Company as a volunteer.), The value of Trustees' remuneration and other benefits was as follows:

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|||||| |---|---|---|---|---| |2021|2020| |£|£| |Rev Dr H|J Osgood|Remuneration|6,525|6,975|

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During the year ended 31 March 2021, no Trustee expenses have been incurred (2020 - ENIL).

Page 14

CHARIS COMMUNICATIONS (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

12. Tangible fixed assets

Office
equipment
£
Cost or valuation
At1 April2020 . 570
Additions 964
At 34 March2021 1,534
Depreciation
At 1 April 2020 24
Chargefortheyear 237
At31 March 2021 261
Net bookvalue
At 31 March 2021 1,273
At 31 March 2020 546
Debtors
2021 2020
E £
Duewithin oneyear
Trade debtors 400 -
Otherdebtors - 163
Prepayments and accrued income 7,836 5,457
8,236 5,620
;
Creditors: Amounts falling due within oneyear
2021 2020
£ £
Pension fund loan payable 28 -
Accrualsand deferred income 715 715
743 715

13. Debtors

14. Creditors: Amounts falling due within one year

Page 15

CHARIS COMMUNICATIONS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

15. Statement of funds

Statement of funds - current year

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|||||||| |---|---|---|---|---|---|---| |Balance|at|1|Balance|at|31| |April 2020|Income|Expenditure|March|2021| |£|£|£|£| |Unrestricted|funds| |General|Funds-|all funds|18,073|108,560|(91,298)|35,335| |Statement|of funds|-|prior year| |Balance|at| |Balance|at|31|March| |1|April|2019|Income|Expenditure|2020| |£|£|£|£| |Unrestricted|funds| |General|Funds-|all funds|21,549|125,514|(128,990)|18,073|

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16. Summary of funds

Summary of funds - current year

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||||||| |---|---|---|---|---|---| |Balance|at|1|Balance|at|31| |April|2020|Income|Expenditure|March|2021| |£|£|£|E| |General|funds|18,073|108,560|(91,298)|35,335| |Summary of funds|- prior year| |Balance|at| |Balance|at|31|March| |1|April|2019|Income|Expenditure|2020| |£|£|£|£| |General funds|21,549|125,514|(128,990)|18,073|

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Page 16

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CHARIS COMMUNICATIONS (A company limited by guarantee)

|

i

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

17. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted Total
funds funds
2021 2021
£ £
Tangible fixed assets 1,273 1,273
Current assets 34,805 34,805
Creditors due within one year (743) (743)
Total : 35,335 35,335
Analysis ofnet assets between funds - prioryear
Unrestricted Total
funds funds
2020 2020
£ £
Tangible fixed assets 546 546
Current assets : 18,242 18,242
Creditors due within one year (715) (715)
Total 18,073 18,073

18. Pension commitments

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £578 (2020 - £502).

19. Operating lease commitments

At 31 March 2021 the Company had commitments to make future minimum lease payments under noncancellable operating leases as follows:

2021 2020
£ £
Not laterthan 1 year 26,912 24,465
Laterthan 1 yearand not laterthan 5 years 47,095 80,735
74,007 105,200

Page 17

CHARIS COMMUNICATIONS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

20. Related party transactions

Churches in Communities international is a connected company as Dr H Osgood and Rev T Howard are Trustees of both charities. From 2007 to 2010 Churches in Communities International was a project of Charis Communications uniil it secured its own Company and Charitable status,

Both charities operate out of the same premises which Charis Communications leases from a third party, Churches in Communities international made contributions for their share of the rent and service charge of £10,080 (2020 - £9,240)

During the year Charis Communications received income of £4,800 (2020 - £4,888) for {T and communications support and £3,360 (2020 - £3,818) for administration services from Churches in Communities International.

Charis Communications made contributions to Churches in Communities International totalling £1,335 (2020 - £16,017) towards the salary of T Howard, as work is performed for both charities. His role in Charis Communications is mostly related to consultancy and academics.

Page 18