CLARION TRUST
INTERNATIONAL
(A company limited by guarantee)
Report and
Accounts
Year ended 31st December 2021
## **CONTENTS**
||**Page**|||
|---|---|---|---|
|Company Information||||
|2||||
|Directors’ Report/Trustees’ Annual Report||3-6||
|Independent Examiner’s Report||7||
|Statement of Financial Activities||8||
|Balance Sheet|9|||
|Notes to the Accounts||10-13||
|Detailed Statement of Financial Activities with Comparatives|||14|
[1]
## **CLARION TRUST INTERNATIONAL FOR THE YEAR ENDED 31 DECEMBER 2021 COMPANY INFORMATION**
## **Directors/Trustees**
J Newman F Irving A Hounsell P MacInnes J Dobbs E Hughes
The directors of the charitable company (the charity) are its trustees for the purpose of charity law.
R Ashton
**Company Secretary** R Ashton **Key Management Personnel** S Gaukroger **Governing Document** Memorandum and Articles 11 July 2008 **Company Registration Number** 06644365 **Charity Registration Number** 1125336 **Registered Office** Windmill Farm Business Hub Bowstridge Lane Chalfont St Giles BUCKS HP8 4RG
**Independent Examiner** Emma Baker BSc (Hons) FCA Baker Accountancy Services Windmill Farm Business Hub Bowstridge Lane Chalfont St. Giles BUCKS HP8 4RG
## **Bankers**
CAF Bank 25 Kings Hill Avenue Kings Hill West Malling KENT ME19 4JQ
## Metro Bank
Unit 81/113, Eden Shopping Centre 2 Eden Walk High Wycombe BUCKS HP11 2AW
i)
[2]
ii)
## **CLARION TRUST INTERNATIONAL**
## **TRUSTEES’ ANNUAL REPORT**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **‘Equipping the Church for Leadership, Mission and Evangelism’**
The Trustees have pleasure in submitting their Annual Report together with the financial statements of the charity for the year ended 31 December 2021, which are also prepared to meet the requirements for a Directors’ Report and Accounts for Companies Act purposes.
## **Objects of the charity**
Clarion Trust International is a Christian charity working in the UK and overseas. It is involved in leadership, training & development, advocacy, networking, and the communication of the Christian Faith and message in a range of contexts.
## **Governance**
The policy and operating decisions of the charity rest with the Trustees who meet regularly to monitor the activities of the Company. New Trustees are recruited and appointed by a majority of existing Trustees.
## **Review of Activities**
In planning the activities of the charity, they have given consideration to the guidance on public benefit issued by the Charity Commission in December 2008.
Throughout 2021, the world continued to be impacted by the Coronavirus (COVID19), a situation that is described by many as a global pandemic. The resulting lockdowns and travel restrictions, both globally and locally, were detrimental to the traditional work of Clarion which involves a substantial amount of overseas travel. However, although many of Clarion’s planned activities were, once again, postponed, cancelled or changed, digital technology was embraced and enabled much of Clarion’s work to continue online, including Blogs and Vlogs and Youtube. In some cases, the reach of the work was broadened as a result. One such case was the development of an online course which will be described in more detail below.
Clarion’s activities in 2021 reflect the nature of the world as Covid was the main pre-occupation with Covid lockdown. The list of activities detailed below reflects great success in the use of digital technology and the work continued in different ways as Clarion sought to adapt to the circumstances. Clarion’s activities in 2021 included:
- Radio Interviews, conference speaking (both online and in-person), preaching at local churches, mentoring, participating in advisory boards, strategic consultations, Round Table discussions, etc. All year
- Hosting an online international conference for The Rooftop Feb (a global ministry, equipping Christians to join Jesus in His mission)
- Filming seminars for a European conference (CBS)
- Training (virtually) at African Summit for The Rooftop
[3]
Mar
- Speaking at European Conference for Community Bible Study
- Chairing the International Council Meeting of The Rooftop April
- Keynote Speaker at Agape’s European Leaders’ Conference
- Leadership Training for Latin Americans
- Writing and filming ‘The Post Covid Church Course’ May
- Initiating discussions about missional opportunities in West Oxford
- Addressing an online conference of Baptist Ministers from Central England
- Travelling to USA to meet with key strategic partners and donors June
- Launch of Post Covid Church Course July
- Keynote speaker at Commissioning of Paul and Alison Bosson as they left Sept
to live and work in Uganda under the Clarion umbrella
- Travelling to USA to chair the Rooftop International Council and meet with leaders in Chicago to address race issues
- Keynote speaker at Agape European Leaders’ conference in Lithuania Oct
- Keynote speaker at Baptist Ministers’ conference in Andover Nov
- Keynote speaker at Leaders’ Retreat in Guildford
- Online Training Summit of Asian Leaders
- Leading theological discussions in Budapest for a large, international Dec
mission agency
## **Digital Ministry**
At the Trustee Retreat in March 2020, the Trustees agreed that more of Clarion’s work should be digitalised. Lockdown provided the perfect opportunity for this to happen and 2020 became the year of the ‘vlog’ for Clarion.
In 2021, as one lockdown merged into the next and Covid showed no signs of disappearing, the Trustees encouraged Stephen to produce an online course designed to equip Christians to navigate their way out of these very unusual times. Many interviews, much brainstorming and research, a lot of filming and editing and hundreds of cups of coffee later, The Post Covid Church Course was launched. It is an 8-part online course designed to be used by individuals, small groups and whole churches. Covering subjects such as ‘Pandemic-Proofing our Faith’, ‘Does the Future have a Church?’ and ‘Lockdown Loss Recovery’, the course explores different ways that people were affected by the pandemic and lockdown and encourages believers to be compassionate, faith-filled, bold agents of positive change in their communities.
The course has been made available free of charge and has reached several thousand people, mostly in the UK but also in other countries. The feedback has been very positive and the Trustees are already discussing how this success can be built on in 2022 and beyond.
**Partnerships** Clarion has continued to work with key partners over the last year, namely with Community Bible Study International (CBSI), AGAPE, Haggai International, VIVA and The Rooftop.
In the last two annual reports, it was mentioned that Paul & Alison Bosson,
[4]
members of Seer Green Baptist Church, would be relocating to Uganda to take up new ministry roles, under the Clarion umbrella but self-funding. They were to be accountable to Clarion and working partly with CRANE and VIVA. After many delays caused by border-closures due to the pandemic, they finally left for Uganda in September 2021 and are settling into their new life there. Alison, a GP, is working with a medical mission and Paul is building on many of the strategic partnerships with key people in Ugandan society established by Clarion over many years.
**Legacy** It was not possible to further develop the Legacy programme in 2021 due to the restrictions imposed by Lockdown and the Covid-19 pandemic.
## **Staffing and Trustees**
There were no changes to staffing in the year under review. Julia Crellin continued to be Stephen’s PA and office manager and David Fletcher continued to manage the accounts on a voluntary basis.
The Trustees met as a Board, either in person or virtually, four times during the year. Philip MacInnes returned as a Trustee following a short sabbatical early in the year. The office work continues to be split between the offices in Chalfont St Giles and Eynsham, Oxfordshire.
**Financial Review**
The Trustees wish to thank all our prayer partners & supporters for their faithfulness in praying for Clarion and for their generous financial support. We are grateful to God for his faithful financial provision during a period of continuing uncertainty largely caused by the Coronavirus pandemic. In the year under consideration, we achieved an income of £307,800 (£92,958 for Uganda), resulting in a surplus of £49,108 (£30,026 for Uganda) at the year end.
## **Donations**
During the period under review, Clarion Trust made donations to long-term contacts in Myanmar at the Grace Theological College, training pastors for Christian service and to a charity in Peru which is distributing food to the hungry during the Coronavirus pandemic. Both donations were unanimously agreed by the Board of Trustees at the September Board meeting.
## **Going concern**
Going concern is a basic underlying assumption that an organisation will be able to continue operating for a period of time (usually 12 months from date of signing the accounts) that is sufficient to carry out its commitments, obligations, objectives, and so on. In other words, the organisation will not have to liquidate or be forced out of business in the foreseeable future.
Clarion has no long-term commitments, leases or contracts and has been successfully operating for ten years, meeting all its financial commitments without the need for loans or bank overdraft facilities. Our cashflow is tightly monitored to ensure that our aims and objectives are achieved without financial risk to the organisation. We have an increasing supporter donor base, including significant global partners. The Trustees of Clarion are confident that the charity will continue as a going concern for the foreseeable future.
## **Reserves Policy**
The reserves policy has not changed since last year whereby free reserves
[5]
held by the charity should be maintained at sufficient cash levels to maintain the charity's operations in the event of short-term funding fluctuations or unforeseen costs. The Board is always keen to look to increase reserves to an acceptable level _._
**Risk Management**
The responsibility for the management and control of the charity rests with the Trustees and therefore their involvement in the key aspects of the risk management process is essential. The Trustees undertake a regular review of the risks faced by the charity and seek to plan for the management and mitigation of those risks. They meet for a quarterly business meeting and informally on a monthly basis. The Charity has a comprehensive risk management policy, but the main risks to the functioning of Clarion Trust International as identified by the Trustees are: i) cashflow; ii) the wellbeing of our Director, Stephen Gaukroger; iii) overseas travel risks; and iv) perception and reputation.
- i) **Cash flow** . We are reliant on both individual and corporate donors. Some give on a regular basis and others give on an ad hoc basis. In a period of economic uncertainty, such as that occasioned by Brexit and the Coronavirus, we might experience a reduction or termination of funding from donors. Our cashflow and the overall financial position is reviewed both weekly and monthly by the Chairman with the Director. Our Director keeps the Trustees informed of fluctuations in the accounts and acts on their advice.
- ii) **The wellbeing of our Director.** Stephen Gaukroger is the key player in enabling us to deliver Clarion’s vision and goals. In view of all the international travel he undertakes, the Trustees insist that he travels business class on all the long-haul flights he takes. They also ensure that he has a full medical check every other year.
- iii) **Overseas Travel Risks** . When considering invitations to speaking engagements and conferences overseas, the Trustees and the Director carefully assess the travel risks.
- iv) **Perception and Reputation.** We put a high value on the integrity and credibility of the Charity both in the UK & overseas and our Trustees have excellent networks of contacts to ensure that we are aware of any issues that may arise. Our Director communicates regularly with our supporters and is quick to thank donors for their gifts.
## **Trustees’ responsibilities in relation to the financial statements**
The Charity Trustees (who are also the directors of Clarion Trust International for the purposes of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Charity Trustees to prepare financial statements for each 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 statements, 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 estimates that are reasonable and prudent;
[6]
● state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; ● prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Approval**
This report was approved on 26[th] June 2022 and signed by order of the Board of Trustees by:
John Newman Chair of Trustees
[7]
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE CHARITY TRUSTEES OF**
## **CLARION TRUST INTERNATIONAL**
I report to the Trustees on my examination of the accounts for the year ended 31 December 2021 on pages 8 to 14 which have been prepared on the basis of the accounting policies set out on page 10.
**Respective responsibilities of trustees and examiner**
- The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not
required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention.
- **Basis of independent** My examination was carried out in accordance with general **examiner’s** Directions given by the Charity Commission. An examination **statement** includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
- **Independ** In connection with my examination, no material matters have **ent** come to my attention which gives me cause to believe that in, any
- **examiner** material respect,: **'s** the accounting records were not kept in accordance with
- **statemen** section 130 of the Charities Act; or
**t**
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I 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.
[8]
Signed: Dated:
Emma Baker BA (Hons) FCA Baker Accountancy Services WWindmill Farm Business Hub, Bowstridge Lane, Chalfont St. Giles, Buckinghamshire, HP8 4RG
[9]
## **CLARION TRUST INTERNATIONAL**
## **Statement of Financial Activities**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **Summary Income and Expenditure Account**
||Unrestrict
ed
Restricte
d
Total
Total|
|---|---|
||Funds
Funds
Funds
Funds|
|Note|2021
2020|
||£
£
£
£|
|**INCOME AND ENDOWMENTS**
**FROM**||
|Donations and legacies
**2a**|114,469
1,692
116,161
119,063|
|Charitable activities
**2b**|100,373
91,266
191,639
58,205|
|Total income and endowments|214,842
92,958
307,800
177,268|
|**EXPENDITURE ON**||
|Direct charitable costs
**3**|184,413
50,207
234,620
174,227|
|Support & administration
**3**|11,347
12,725
24,072
7,143|
|Total costs|195,760
62,932
258,692
181,370|
|**Net income/(expenditure) and**||
|**Net movement in funds for the**
**year**|19,082
30,026
49,108
(4,102)|
|||
|**Reconciliation of funds:**||
|Total funds brought forward|3,579
6,264
9,843
13,945|
|**Total funds carried forward**|22,661
36,290
58,951
9,843|
Movements on reserves and all recognised gains and losses are
shown above. The notes on pages 10-13 form part of these
accounts.
[10]
## **CLARION TRUST INTERNATIONAL BALANCE SHEET**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
|Not
e|Unrestrict
ed
Restricted
Total
Total|
|---|---|
||Funds
Funds
Funds
2021
Funds 2020|
||£
£
£
£|
|**FIXED ASSETS**||
|Tangible assets
5|-
25,096
25,096
-|
||-
-
-
-|
|**CURRENT ASSETS**||
|Debtors
6|-
-
-
-|
|Cash at bank|33,318
6,682
40,000
38,645|
||33,318
6,682
40,000
38,645|
|**CURRENT LIABILITIES**||
|Liabilities falling due within
one year
7|(4,750)
(1,395)
(6,145)
(28,802)|
|**Net current assets**|28,568
5,287
33,855
9,843|
|**NET ASSETS**|28,568
30,383
58,951
9,843|
|**FUND BALANCES**||
|Unrestricted funds||
|General Funds
8|28,568
-
28,568
3,579|
|Restricted Funds
8|-
30,383
30,383
6,264|
|**Total Charity Funds**|28,568
30,383
58,951
9,843|
For the year ended 31 December 2021, the company was entitled to the exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
## Responsibilities of Directors/Trustees:
- _a._ The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with Section 476 of the Companies Act - however, in accordance with Section 145 of the Charities Act 2011 the accounts have been examined by an independent examiner whose report forms part of this document.
- _b._ The Directors/Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.
Approved by the Trustees and signed on their behalf on the 26[th] June 2022 by:
John Newman (Chair of Trustees)
Company number: 06644365
Charity number: 1125336
The notes on pages 10-13 form part of these accounts.
[11]
## **CLARION TRUST INTERNATIONAL**
## **Notes to the Accounts**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **1 Accounting Policies**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice and with the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102 (effective 1 Jan 2015)) – (Charities SORP (FRS 102)) and Companies Act 2016.
The following are the accounting policies which have been applied in dealing with material items:-
- a) Donated and grant income:
Donated income and grants receivable are recognised when received by the charity except where there are conditions which require use in future accounting periods in which case the income received is deferred and shown in 'amounts due within one year'. Income received in circumstances where a claim for repayment of tax has been or will be made to HM Revenue & Customs is grossed up for the tax recoverable. Any amount of tax reclaimed from HM Revenue & Customs but not yet received is shown within the charity's debtors.
- b) Other income and expenditure:
Investment income is taken into account when receivable and expenditure, including irrecoverable VAT, when incurred by the charity, regardless of when payment is made. Consultancy income is taken into account in income in the accounts when the work is undertaken. If invoiced work occurs after the year end the unearned element is shown as 'deferred income'. Grants payable are taken into account at the earlier of when they are paid or become constructive obligations.
- c) Fund Accounting:
Unrestricted funds are donations and other income received or generated for the objects of the charity without specified purpose and are available for purposes of the charity as directed by the trustees. Restricted funds are amounts received where the donor has specified the purpose for which it should be used.
- d) Fixed assets and depreciation:
Fixed assets acquired for use by the charity are capitalised and depreciated over their estimated useful life unless they cost less than £2,500 when they are written off on purchase.
Depreciation periods are as follows:
Equipment and computers Between 3 and 7 years Motor vehicle 3 years
- e) Pension costs:
The company operates a defined contribution scheme for all of its employees. Pension premiums are charged as they are paid.
## f) Taxation
The company is a registered charity and is exempt from taxation under the Income & Corporation Taxes Acts.
- g) Cashflow statement
The company has taken advantage of the exemption provided by the FRS 102 SORP and has not prepared a Cash Flow Statement for the year.
## h) Going Concern
The Trustees acknowledge the latest guidance on going concern. The charity is dependent upon the generous funding of its supporters which has historically proved sufficient to enable the charity to continue its full operations. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and, therefore, they continue to adopt the going concern basis in preparing the annual financial statements.
[12]
## **CLARION TRUST INTERNATIONAL**
## **Notes to the Accounts**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
|**2**
**Voluntary income**|**Unrestrict**
**ed**
**Restricted**
**Total**
**Total**|
|---|---|
||**Funds**
**Funds**
**2021**
**2020**|
|**a**
**Voluntary income**|£
£
£
£|
|General donations|106,189
1,692
107,881
114,810|
|Tax recoverable +
Interest|8,280
-
8,280
4,253|
||114,469
1,692
116,161
119,063|
|**b**
**From charitable**
**activities**||
|Speaking fees|1,245
-
1,245
350|
|Consultancy fees|26,460
91,266
117,726
40,592|
|Cost reimbursements|2,626
-
2,626
13,367|
|Filming/Services|900
-
900
3,896|
|Legacy income|69,142
-
69,142
-|
||100,373
91,266
191,639
58,205|
|**3**
**Charitable activity**|**Unrestrict**
**ed**
**Restricted**
**Total**
**Total**|
||**Funds**
**Funds**
**2021**
**2020**|
|**Direct Charitable**
**Costs**|£
£
£
£|
|||
|||
|Staf costs|124,955
-
124,955
131,951|
|Travel|39,045
-
39,045
17,495|
|Uganda satellite costs|-
50,207
50,207
13,276|
|Insurance|5,671
-
5,671
5,414|
|Advertising|-
-
-
-|
|Professional fees|1,159
-
1,159
61|
|Grants (Note 3c)|13,583
-
13,583
6,030|
||184,413
50,207
234,620
174,227|
|**Support &**
**Administration**||
|Ofce costs|11,347
-
11,347
6,366|
|Depreciation costs|-
12,725
12,725
777|
||11,347
12,725
24,072
7,143|
|**Combined**
**charitable activity**
**cost**|195,760
62,932
258,692
181,370|
|**c**
**Grants**|**Institutio**
**ns**
**Individual**
**s**
**2021**
**2020**|
||£
£
£
£|
|Missional training
support|13,583
-
13,583
6,030|
|Relief of poverty|-
-
-
-|
[13]
13,583
13,583
6,030
[14]
## **CLARION TRUST INTERNATIONAL**
## **Notes to the Accounts**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
# 4 **Staff & Trustees**
||||
|---|---|---|
|#
4
**Staf & Trustees**|||
||2021|2020|
||£|£|
|Gross wages, salaries & benefts in kind|103,480|104,915|
|Employer's National Insurance costs|6,450|12,006|
|Pension costs|15,025|15,030|
|Total staf costs|124,955|131,951|
|The charityhas two full time equivalent employed staf.|||
|Number of employees receiving emoluments above £60,000:
1||1|
|Remuneration payable to key management (excluding Trustees) amounted to
£98,022 (£83,440 + pension £14,582) in the year (2020: £100,863).|||
|Key management is considered to cover the Director employed by
the charity.|||
|No Trustee received reimbursed expenses
in the year.|||
The total amount of donations funded by Trustees and connected parties was £7,944 (2020: £10,944). 5 **Tangible Fixed Assets**
|5|**Tangible Fixed Assets**|||
|---|---|---|---|
|||Total|Total|
|||2021|2020|
|||£|£|
||Motor vehicle cost – B. fwd.|-|-|
||Additions|37,643|-|
|||37,643|-|
||Ofce equipment cost – B. fwd.|7,536|6,759|
||Additions|179|777|
|||7,715|7,536|
||Disposals|(5,127)|-|
|||2,588|7,536|
||Accumulated Depreciation|||
||
Motor vehicles – B. fwd.|-|-|
||Current year|12,547|-|
|||12,547||
||Ofce equipment – B. fwd.|7,536|6,759|
||Current year|179|777|
|||7,715|7,536|
||Disposals|(5,127)|-|
|||2,588|7,536|
||Net book value|||
||Motor vehicles|25,096|-|
||Ofce equipment|-|-|
|||25,096|-|
[15]
## **CLARION TRUST INTERNATIONAL**
## **Notes to the Accounts**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
|**6**
**Debtors and Prepayments**|**2021**
**2020**|
|---|---|
||£
£|
|Overpayment recoverable|-
-|
|Prepayments|-
-|
||-
-|
|**7**
**Creditors: liabilities falling due**
**within one year**|**2021**
**2020**|
||£
£|
|Taxes and social security|3,750
6,842|
|Other creditors + credit card|1,395
21,460|
|Accruals|1,000
500|
||6,145
28,802|
- **8 Funds**
The restricted funds represent amounts received for specific purposes and the movements in the year are as follows:
||**Opening**
**Incoming**
**Outgoing**
**Transfers**
**Closing**|**Opening**
**Incoming**
**Outgoing**
**Transfers**
**Closing**|
|---|---|---|
||**Balance**
**resources**
**resources**
**in the**
**year**
**balance**||
||£
£
£
£
£||
|Ministry trips|5,880
-
-
(5,880)
-||
|Grants|-
-
-
-
-||
|Uganda Project|384
92,958
(62,932)
5,880
30,383||
||6,264
92,958
(62,932)
-
30,383||
||||
|The assets and liabilities represented by the various funds
are as follows:|||
|||**Fixed**
**assets**
**Bank &**
**cash**
**Other net**
**Total**|
|||**balances**
**assets**|
|||£
£
£
£|
|Restricted funds||25,096
6,682
(1,395)
30,383|
|Unrestricted funds||-
33,318
(4,750)
28,568|
|||25,096
40,000
(6,165)
58,951|
## **9 Legal Status of the Trust**
The Trust is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.
[16]
## **CLARION TRUST INTERNATIONAL**
## **Detailed Statement of Financial Activities with Comparatives**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
|||||||**Total**|**Total**|
|---|---|---|---|---|---|---|---|
|||**Unrestricted Funds -**||**Restricted**||**Funds**|**Funds**|
|||**General**||**Funds**||||
|||**2021**|**2020**|**2021**|**2020**|**2021**|**2020**|
||**Not**|£|£|£|£|£|£|
||**e**|||||||
|**INCOME AND ENDOWMENTS FROM**||||||||
|Donations and|2a|114,469|107,06|1,692|12,0|116,1|119,06|
|legacies|||3||00|61|3|
|Charitable activities|2b|100,|36,2|91,266|22,000|191,6|58,205|
|||373|05|||39||
|Total income and||214,842|143,26|92,958|34,000|307,80|177,26|
|endowments|||8|||0|8|
|**EXPENDITURE**||||||||
|**ON**||||||||
|Charitable activities|3|195,760|152,75|62,932|28,61|258,69|181,370|
||||4||6|2||
|Total expenditure||195,760|152,75|62,932|28,61|258,69|181,370|
||||4||6|2||
|**Net movement in**
**funds**||19,082|(9,486)|30,02
6|5,384|49,108|(4,102)|
|**Reconciliation of**||||||||
|**funds:**||||||||
|Total funds brought||3,579|13,065|6,26|880|9,843|13,945|
|forward||||4||||
|**Total funds**
**carried forward**||22,
661|3,579|36,29
0|6,264|58,951|9,843|
Movements on reserves and all recognised gains and losses are shown above.
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