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2021-12-31-accounts

Charity number: 1121552 Company number: 6347617

CHRISTIANITY EXPLORED

(A company limited by guarantee)

Report and Financial Statements For the year to 31 December 2021

CHRISTIANITY EXPLORED Financial statements for the year to 31 December 2021

Contents Pages
Legal and administrative information 1
Report of the trustees 2-4
Independent Auditors' report 5-7
Statement of financial activities 8
Balance sheet 9
Cash Flow Statement 10
Notes forming part of the financial statements 11-17

CHRISTIANITY EXPLORED Legal and administrative information

Registered Charity Number: 1121552

Company Number: 6347617

Trustees

Mr J Marshall (retired 10[th] February 2022) Mr P Chelson (retired 27[th] May 2021) Mr J McDowell Revd H Palmer Mr B Stone (retired 27[th] May 2021) Revd R I Tice Revd T Archer Mr J Ibbett Mrs Y Ibbett Mr W King (appointed 27[th] May 2021) Mr K Appleton (appointed 2[nd] November 2021)

Company Secretary Mr I Roberts

Bankers

Barclays Bank plc 1 Churchill Place London E14 5HP

Registered office

86-90 Paul Street London EC2A 4NE

Auditors

Jacob Cavenagh & Skeet 5 Robin Hood Lane Sutton Surrey SM1 2SW

Key Management Personnel

The Trustees Mr I Roberts Mrs K Carter

1

CHRISTIANITY EXPLORED

Report of the trustees for the year to 31 December 2021 (including Report of the directors)

The Trustees are pleased to present their report together with the financial statements of the charity for the year to 31 December 2021.

Legal and administrative information set out on page 1 forms part of this report. The financial statements comply with the Memorandum of Association, the Companies Act 2006, The Charities Act 2011, the Charities Statement of Recommended Practice (Charities SORP (FRS 102)) and Financial Reporting Standard 102 (FRS 102).

Structure, Governance and Management

The charity is a company limited by guarantee and governed by its Memorandum and Articles of Association; it was incorporated on 20[th] August 2007 and commenced its activities on 1[st] January 2008. It was also registered with the Charity Commission on 9[th] November 2007. The Trustees who served during the period are listed on page 1 of this report. The power to appoint further Trustees is vested by the Articles of Association in the existing Trustees.

The Trustees met 3 times during the period.

New Trustees undergo an induction programme where they are briefed on their legal obligations under charity and company law, the content of the Memorandum and Articles, the committee and decision-making processes and other areas of importance to the charity. They meet key employees and the other Trustees.

Objectives and Activities

The objective, as set out in the Memorandum and Articles of Association is to advance the Christian faith in accordance with the statement of beliefs incorporated within its constitution, particularly by:

Its major activities to achieve these objectives include

Achievements and Performance

Major accomplishments during this period included:

Financial Review

In the period under review, the charity had net income of £69,996 (2020: £170,275), of which £4,485 related to restricted funds (2020: £153,737). The net funds carried forward at 31 December 2021 amounted to unrestricted funds of £633,223 (2020: £567,712) and restricted funds of £298,031 (2020: £293,546).

2

CHRISTIANITY EXPLORED

Report of the trustees for the year to 31 December 2021 (including Report of the directors)

Going concern

The Trustees consider that there are no material uncertainties relating to whether the charity can continue as a going concern.

Investment policy

Under the Memorandum and Articles of Association the charity has the power to invest in any way the Trustees think fit. The charity has made such investments to generate a return and has made no social investments.

Reserves policy

The Charity has moderate reserves built up from previous surpluses. These are held for the following reasons:

Risks

The charity has a risk management policy and a risk register ratified by the Board which reflects major risks prevailing and systems and procedures designed to manage them. Risks are classified under 5 headings: governance, operational, financial, external, and compliance. Whilst a watching eye is being kept on all, none are deemed to be significantly high at this moment in time.

Fundraising

The charity raises funds through liaison, promotion and correspondence within its own networks and uses no third parties or professional fundraisers.

Public benefit

The Trustees confirm that they have had due regard to the guidance issued by the Charity Commission with respect to the public benefit when planning their activities for the year. Christianity Explored exists to provide educational and apologetic material to explain the Christian faith to the general public. As noted below this is very often free, or heavily subsidised and there is a particular focus on developing countries where users ability to pay is very often absent or severely constrained.

Resources produced by the Charity are determined by Ministerial considerations rather than commercial. Video resources, in particular, are hugely subsidised from donations, and returns from royalties fall well short of covering costs. The website and app for those wanting to investigate Christianity prior to coming on a course are also made available free of charge. Furthermore the network of regional training available is entirely free.

Prisons work also continues to grow. Christianity Explored was formally published in 2013 and Discipleship Explored in 2014. Minimal royalties are received from sales. A partnership with Prison Fellowship was agreed in 2015 whereby Christianity Explored forms the heart of a programme called “The Prisoners Journey”. By the end of 2021, over 500,000 prisoners had completed the programme in 38 countries around the world.

Internationally, subsidies are often provided for translations of material and production runs in to the developing world with little or no royalties being received. We believe that something like 500,000 people a year use our series in over 135 countries worldwide.

Remuneration of key management personnel

The Chief Executive, Ian Roberts, is responsible for overall management of the charity including international operations. The first UK National Director, Kay Carter, was appointed in May 2021 to assume responsibility for day to day management including product development. The pay of senior staff is reviewed annually and normally increases in accordance with average earnings bearing in mind charities of similar size and activity.

Rico Tice, the evangelist of All Souls Langham Place, is also a director of the charity. Payment is made to All Souls for his services and those of Grace McDowell, his Personal Assistant. No director received remuneration during the year. Details of directors’ expenses and related party transactions are disclosed in notes 4 and 13 to the accounts.

3

CHRISTIANITY EXPLORED Report of the trustees for the year to 31 December 2021 InclLtdln Re ort of tho dlrectors Plans for the futuro Following the release ol Hope Explored in De¢ttmber. the m21n focus in Ihe UK is now on refreshmeni ol Core rnalerials wilh the Èlm of ensuring suilability lor use In the digital age ol Ihe 2020s. The flagship Chrisli8nity Explored course will encotnpass versions appropriale lor youlh and also those more suited 10 2 visual learning environmenl. A new version ol Life Explored. released ini11311y In 2016. continues lo be liialled wilh a view lo re.filming and editing late 2022 1 early 2023. Internat￿n81 Development al$ts remain5 a priorsly. The appoinlmeni of a UK National Director in 2021 free tslher senior personnel to lo¢us more on international activity. lèn Roberts. Iho Chief Executive. h2S DOW become a director ol Ihe independent USA ￿Sed 501¢3 Chr1slianily Explored USA. chaired by the new UK Tr￿Slee Billy Kin9, wilh IhÈ aim ol giealér co-operalion between the UK and North America. Nettvorks are also being 3Glively pursued In South E251 Asia with a view 10 establishing a solKI hub for reaching into neighbouring counlnos, Trustog$' r05pon$ibilili&s in relation to the ftnancial stalgments The Trusle@s Iwho are also dire¢lors lor Ihe purposes of company lawl are ￿SpOnsible for preparing the Truslees, Reporl and Ihe financial slalemenls in 8ccordan¢e wilh applicable law 8nd Uniled Kingdom Accountyll9 Standards (United Kingdom Generally Accopled Accounling Pra¢licel. Company law require5 the TnJ51ees lo prepare linanc121 staiemenls for each finar¥clal year which give a true and fair view of the slate of 2ffair5 01 Ihe charilablÈ company and of the incoming resources and 2pplicalion of resoui¢es. including the income and expenditur&, of Ihe chari18ble company lor ihat period. In preparing Ihese financial slalemonts. the Truslee5 are required lo.. Select suitable accounling policies and apply them con$islenlly', observe the melhods and principles in the Charilies SORP.. make iudgemenls and eslim8Les Ihal are ieasonatrlle and prudent.. slate whether 3pplicable UK Accounting Standards have been followed, 5ubjed ￿ any material departures dis¢losed and &xp.ained in ihe financial siaiemenls.- prepare Ihe financial 51atemenls on the going concern basis unless it is inappfopriale lo presume that Ihe chariiabl? company will conljnue ils operalions. The Truslees are responsible lor keeping proper accounting records which disclose wilh reasonable a¢¢ur2cy al any time Ihe financi81 posilion ol Ihe charilable company and enable thern 10 ensur6 that th8 financial slatomenls comply with the Cotnpanies Acl 2006. They are also responsible lor saleguarding Ihe assels of the Ghariiable cotnpany and hen¢$ for taking reasonable 51Èps for the prevenlion of fraud and other Irregularilies. Auditors A resolulion will b& proposed ai ihe Annual General Meeting Ihal Jacob Caver¢agh & Skeel be re.apwinled audilois lo the charity- Oi5closure of Infofmatlon lo auditors To the knowledge and belief ol the Trustees in their capacity as directors ol Ihe company, there is no relevanl Information that the company s Hud5hors are nol ai'iare of. and Ihe Trustees have taken all the sieps necessary lo ensure they are await ol any relevani inlorwlioTr. and lo establish Ihal the company's aud51ors are aware of th8 information. Approved by the Truslees on 17 May 2022 and &gnod on ils behall by.. Mr K Applgton Tfustoe Revd R l Tice TTUSto0

CHRISTIANITY EXPLORED

Independent auditors’ report to the members of Christianity Explored

Opinion

We have audited the financial statements of Christianity Explored (the ‘charity’) for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

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 the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled 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

In auditing the financial statements, 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 performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least 12 months 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 information

The other information comprises the information included in the annual report, including the trustees’ report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, 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 our audit:

5

CHRISTIANITY EXPLORED

Independent auditors’ report to the members of Christianity Explored

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report included with the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity 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 reasonable assurance about whether the financial statements as a whole are free from material misstatement, 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 in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the charity, we identified that the principal risks of non-compliance with laws and regulations related to employment and financial reporting legislation and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act.

We assessed the susceptibility of the charity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management, considering the internal controls in place and discussion amongst the engagement team.

We determined that the principal risks were related to: payments to third parties, management override of controls and presentation of separately disclosed items.

In response to the risks identified we designed procedures which included, but were not limited to:

6

CHRISTIANITY EXPLORED Inde endent auditors, re ort to the members of Christianit Ex lored There are inhereni limiiaiions in Ihe audit procedures described above. The more iemoved that laws and regulations are from Iinancial Iran5acllons. thè less likely it Is thai would becowe aware of non- ¢ompliance. Material misstalernenls that arise due 10 fiaud can be hardei lo delecl than Ihose Ihal arise from error es they m8y iAvolvÈ dèliberate concealrneni or collusion. A further dos¢riplioN of our responsibilities for Ihe audil of Ihe financial slalements is located on the Financial Reporting Council'5 website al.. htlp'llMtrw.frc.org.uklaudilorsresponsibililie$. This description forms pari of our 8uditofs report. Use of our report Thi5 report is made solely l(} th& Gharilable companys mernbers. a5 a body, in accordance wilh Chapter 3 of Part 16 of the Companies A¢1 2006 and regulations made under that Act. Our audil work has been undertaken so Ihal we might slate lo the chaiilable company's members those matters we are required lo state lo them in an audiiors, report and for no other purp05o. To the fu11&s1 exlenl permitted by law. we do not accept or assume responsibilily lo anyoye other ihan the chariiable company and its membefs as a trM)dy. lor our audit work. lor Ihls report. or for the opinions we have formed_ Rlehard Haffenden MAltantabl FCA ISenSor Statuiory Audltorl for and on beh311 ot Jacob Cavonagh & Skeet Statutory Auditor Chartered Accounta￿tS 5 Rgbln Hood Lane Sullon Surrey SM1 2SW

CHRISTIANITY EXPLORED

Statement of financial activities for the year to 31 December 2021 (incorporating Income and Expenditure Account)

Unrestricted
Restricted
Notes
Funds
Funds
£
£
Income from:
Donations and legacies
2
556,388
291,610
Investments: UK bank interest
696
-
Charitable activities: royalty income
50,725
-
Other Income: Surrender premium
26,000
-
on operating lease
Other trading activities:
Sales of resource material
-
-
Total income
633,809
291,610
Expenditure on:
Charitable activities
3
568,298
287,125
Total expenditure
568,298
287,125
Net income
65,511
4,485
Transfers between funds
-
-
Net movement in funds
65,511
4,485
Total funds brought forward
567,712
293,546
Total funds carried forward
633,223
298,031		 Unrestricted
Restricted
2021
Funds
Funds
£
£
£
847,998
492,633
363,797
696
697
-
50,725
20,367
-
26,000
-
-
-
20
-
925,419
513,717
363,797
855,423
497,179
210,060
855,423
497,179
210,060
69,996
16,538
153,737
-
-
-
69,996
16,538
153,737
861,258
551,174
139,809
931,254
567,712
293,546		 2020
£
856,430
697
20,367
-
20
877,514
707,239
707,239
170,275
-
170,275
690,983
861,258

All of the results relate to continuing activities.

There were no recognised gains and losses in the year other than as stated above.

The notes on pages 11 to 17 form part of these financial statements.

8

CHRISTIANITY EXPLORED Balance Sheet at 31 December 2021 Notes 2021 2020 Fixod assots Tangible ass¢ls 5,137 1.841 Current assets Stock Oeblors Gash al bank and ITr har 1,241 11 5,605 829 181 1,780 92,414 946,027 885,342 Credltors: amounis falling due withiD one year Net currènt assets 926 117 859417 Total 35S8ts less Current 1Sabllltlos 9_3_1,254 Funds Unresiiicled funds.. 633.223 567.712 Resliicied lunds 10 298.031 Total funds earrlèd forward 9_6L258 Approved by Ihe Truslees on 17 May 2022 and signed on their behalf by.. Mr K Appleton Trustee Revd R I TKe Trustee Charity number.. 1121 $52 Company number.. 6347617 T*e noles on pages 1110 17 fDrm part of thes& fin3ncial slalemenis.

CHRISTIANITY EXPLORED

Statement of cash flows for the year to 31 December 2021

Cash provided by
operating activities(see below)
Interest received
Payments to acquire tangible fixed assets
Cash provided by/(used in) investing activities
Net cash inflow
Cash and cash equivalents at 1 January 2021
Cash and cash equivalents at 31 December 2021
Cash flows from operating activities
Net income
Interest received shown in investing activities
Depreciation
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Decrease in stock
Cash provided by operating activities		 2021
£
£
43,713
696
(6,376)
(5,680)
38,033
791,148
829,181
69,996
(696)
3,080
(23,191)
(6,015)
539
43,713		 £
697
-		 2020
£
192,302
697
192,999
598,149
791,148
170,275
(697)
714
11,573
10,355
82
192,302

10

CHRISTIANITY EXPLORED Notes to the financial statements for the year to 31 December 2021

1 Accounting policies

The principal accounting policies which are adopted consistently in the preparation of the financial statements are set out below.

a) Basis of accounting

The financial statements have been prepared under the Companies Act 2006, the Charities Act 2011 and in accordance with the Charities Statement of Recommended Practice (Charities SORP (FRS 102)) and Financial Reporting Standard 102 (FRS 102). The financial statements are drawn up on the historical cost basis of accounting and prepared in sterling, which is the financial currency of the charity, rounded to the nearest £.

Christianity Explored is a private company limited by guarantee incorporated in England and Wales. The registered office is Basement Flat, 14 Harley Street, London, W1G 9PQ. The charity meets the definition of a public benefit entity under FRS 102.

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

b) Income

Voluntary income and donations (including legacies and grants) are accounted for once the charity has entitlement to the income, it is probable the income will be received and the amount of income receivable can be reliably measured.

c) Expenditure

Expenditure is accrued as soon as a liability is considered probable, discounted to present value for longer term liabilities.

Support costs are included in charitable activities. These represent expenditure incurred in support of the sole activity of the charity and include governance costs which comprise expenditure incurred in the charity’s compliance with legal and regulatory obligations.

d) Tangible fixed assets and depreciation

Tangible fixed assets are included in the balance sheet at cost or at market value at the date of the gift.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are:

Fixtures, fittings and equipment

25% on cost

e) Stocks

Stock and work in progress is valued at the lower of cost and estimated net realisable value.

f) VAT

The charity is not registered for VAT and accordingly expenditure includes VAT where appropriate.

11

CHRISTIANITY EXPLORED Notes to the financial statements for the year to 31 December 2021

1 Accounting policies (continued)

g) Debtors

Staff loans and other debtors are included at the settlement amount due. Prepayments are valued at the amount prepaid.

h) Cash and bank

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 opening of the deposit.

i) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount.

j) Financial instruments

The charity only has financial assets and 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.

k) Fund accounting

Unrestricted funds are expendable at the discretion of the Trustees in furtherance of the objects of the charity.

Restricted funds are funds subject to specific trusts, which may be declared by the donor or with their authority but still within the objects of the charity. The restricted funds relevant to Christianity Explored are restricted income funds, which are expendable at the discretion of the Trustees in furtherance of some particular aspects of the objects of the charity.

l) Foreign currency transactions

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the net income/expenditure for the year.

12

CHRISTIANITY EXPLORED

Notes to the financial statements for the year to 31 December 2021

2 Donations and legacies

Unrestricted
Restricted
funds
funds
£
£
Donations:
Gift Aided
204,970
125,360
Non Gift Aided
168,332
135,000
Gift Aid recoverable
35,486
31,250
Donations from trusts
147,600
-
Grants
-
-
556,388
291,610		 Total
2021
£
330,330
303,332
66,736
147,600
-
847,998		 Total
2020
£
175,977
435,997
29,306
155,150
60,000
856,430

3 Expenditure on charitable activities

Unrestricted
Restricted
funds
funds
£
£
Direct costs
Staff costs, including social security
405,430
28,147
Pension costs
51,566
-
Resources purchased
-
-
Film production
-
113,763
Translation and Consultancy
22,729
48,155
Advertising and promotion
1,104
-
Advocates’ costs
360
-
Conferences and resource printing
16,252
96,700
Donor relations
523
-
497,964
286,765
Support Costs
Office costs:
Rent and rates
24,782
-
Insurance
2,980
-
Light and heat
326
-
Cleaning, repairs and maintenance
622
-
Telephone and IT
12,731
-
Printing, postage and stationery
1,272
-
Other office costs
3,849
-
Travel
3,364
360
Depreciation
3,080
-
Bank charges
1,213
-
Exchange (gains)/losses
(28)
-
54,191
360
Governance Costs
Audit fees
4,620
-
Accountancy fees for auditor
1,068
-
Legal and professional
10,455
-
16,143
-
Total expenditure
568,298
287,125		 Total
2021
£
433,577
51,566
-
113,763
70,884
1,104
360
112,952
523
784,729
24,782
2,980
326
622
12,731
1,272
3,849
3,724
3,080
1,213
( 28)
54,551
4,620
1,068
10,455
16,143
855,423		 Total
2020
£
391,123
34,041
13
40,000
111,056
866
363
63,041
2,210
642,713
37,017
2,955
297
240
11,973
1,249
1,481
2,019
714
1,118
59
59,122
4,320
1,071
13
5,404
707,239

13

CHRISTIANITY EXPLORED Notes to the financial statements for the year to 31 December 2021

4 Staff numbers and costs

Staff costs:
Wages and salaries
Social security costs
Pension costs		 2021
£
398,320
35,257
51,566
485,143		 2020
£
359,609
31,514
34,041
425,164

The average number of employees during the period was 12 (2020: 11).

There were no employees with emoluments above £60,000 (2020: none).

Included in total staff costs is a figure of £43,631 (2020: £37,788) paid to Churches whose staff provided services to the Company.

None of the trustees have received any remuneration or other benefits during the year. One trustee received reimbursement of travelling expenses from the charity during the year totalling £791 (2020: £650). No other trustees received reimbursement of expenses during the year and no expenses were paid to third parties on behalf of the trustees.

5 Net income

This is stated after charging:

2021 2020
£ £
Depreciation 3,080 714
Rent of properties (3,361) 34,834
Auditors' remuneration:
-
external audit		 4,620 4,320
-
other services		 1,086 1,071
Tangible fixed assets
Fixtures,
Fittings &
Equipment
£
Cost
At 1 January 2021 9,880
Additions 6,376
Disposals (846)
At 31 January 2021 15,410
Depreciation
At 1 January 2021 8,039
Provision for the year 3,080
Adjustments for disposals (846)
At 31 December 2021 10,273
Net book value
At 31 December 2021 5,137
At 31 December 2020 1,841

6 Tangible fixed assets

14

CHRISTIANITY EXPLORED Notes to the financial statements for the year to 31 December 2021

7 Debtors

Prepaid expenses and accrued income
Staff loan
Other debtors
Creditors: amounts falling due within one year
Taxation and social security
Accruals
Deferred income		 2021
£
389
35,000
80,216
115,605
2021
£
9,073
6,337
4,500
19,910		 2020
£
9,143
40,000
43,271
92,414
2020
£
8,150
8,275
9,500
25,925

8 Creditors: amounts falling due within one year

During 2020, £14,500 was received from Prison Fellowship International. £9,500 of this was intended for training that was put on hold due to COVID. £5,000 was taken to income in 2021 with an agreement to defer the final £4,500 to 2022.

9 Unrestricted funds

Balance at
1 January
2021
£
General fund
567,712
Balance at
1 January
2020
£
General fund
551,174		 Balance at
31 December
Income Expenditure
Transfers
2021
£
£
£
£
633,809
(568,298)
-
633,223
Balance at
31 December
Income Expenditure
Transfers
2020
£
£
£
£
513,717
(497,179)
-
567,712

10 Restricted funds

Balance at
1 January
2021
£
Match fund plan
91,598
Prisons
-
Translations
185,948
Film projects
16,000
293,546		 Balance at
31 December
Income
Expenditure
Transfers
2021
£
£
£
£
-
( 18,765)
-
72,833
360
( 360)
-
-
135,000
(127,000)
-
193,948
156,250
(141,000)
-
31,250
291,610
(287,125)
-
298,031

15

CHRISTIANITY EXPLORED

Notes to the financial statements for the year to 31 December 2021

10 Restricted funds (continued)

Balance at
1 January
2020
£
Match fund plan
69,153
Prisons
-
Translations
70,656
Film projects
-
139,809		 Balance at
31 December
Income
Expenditure
Transfers
2020
£
£
£
£
24,998
( 2,553)
-
91,598
360
( 360)
-
-
277,939
(162,647)
-
185,948
60,500
(44,500)
-
16,000
363,797
(210,060)
-
293,546

Restricted funds in use in the year were for the following purposes:

Match Fund:

Donations towards international work received in respect of a 2019 match funding campaign.

Prisons /Translations/Film projects:

Grants and donations received to support Prisons/Translations/Filming operations and development expenditure respectively.

11 Analysis of net assets among funds

Unrestricted
Restricted
funds
funds
£
£
Fund balances are represented by
Tangible fixed assets
5,137
-
Net current assets
628,086
298,031
633,223
298,031
Unrestricted
Restricted
funds
funds
£
£
Fund balances are represented by:
Tangible fixed assets
1,841
-
Net current assets
565,871
293,546
567,712
293,546		 2021
£
5,137
926,117
931,254
2020
£
1,841
859,417
861,258

12 Pension commitments and other post-retirement benefits

Defined contribution scheme

The charity operates a defined contribution pension scheme and contributes to employees personal schemes. The assets of the schemes are held separately from those of the charity in independently administered funds. The pension cost and charge represents contributions payable by the charity to the funds and amounted to £51,566 (2020: £34,041).

16

CHRISTIANITY EXPLORED Notes to the financial statements for the year to 31 December 2021

13 Related party transactions

During the year the charity had transactions with All Souls Church, Langham Place where Rev H Palmer was formerly a trustee. These were:

During the year trustees gave a total of £121,500 (2020: £100,000) in unrestricted donations and £130,000 (2020: £270,000) to Bursary and Translation funds.

Total remuneration of key management personnel amounted to £108,736 (2020: £64,102).

14 Financial commitments

The total future minimum lease payments under non-cancellable operating leases are payable:

Within one year
In one to five years
The operating lease charges for the year were:
Hire of premises		 Land and Buildings
2021
2020
£
£
-
5,833
-
-
-
5,833
22,639
34,834

surrender of the lease in December 2022.

17