##
##
##
|Directors||Ms J.W. Barr||||||
|---|---|---|---|---|---|---|---|
|||Mr W. Duncan||||||
|||Dr H.J.Finlayson||||||
|||Revd. D. Grosch-Miller||||||
|||Ms C. Hogg||||||
|||MrJ.C. Kennedy
(until|22|June 2021)||||
|||Mr P.B.Matthew||||||
|||Revd A.D McGougan (19||March 2022||onwards)||
|||Ms M.l. Shepherd (30|June 2022 onwards)|||||
|||Ms J.R.Tomlin
(until 31 December 2021)||||||
|||Mr G.l Wanless||||||
|Convenor||Revd. D. Grosch-Miller||||||
|Treasurer||Mr G.l.Wanless||||||
|Secretary||Mr W. Duncan||||||
|Trust oNcer||Mr A.Atkinson||||||
|Finance officer||Ms H.E.Hogg||||||
|Charity number||1132154||||||
|Company|number|134549||||||
|Registered|offic|4 College Lane, Newcastle||upon|Tyne,|NE1|8JJ|
|Auditor||RMTAccountants
& Business Advisors||||Ltd||
|||Gosforth
Park Avenue,|Newcastle||upon|Tyne, NE12 6EG||
|Bankers||Bank ofScotland Pic||||||
|||PO Box 1000, BX2 1LB||||||
|||Lloyds Bank pic||||||
|||PO Box 1000, BX1 1LT||||||
|||Kingdom
Bank||||||
|||Media House, Padge Road, Beeston,||||||
|||Nottingham,
NG9 2RS||||||
|||Virgin Money pic||||||
|||132-134Northumberland||Street,|Newcastle||upon Tyne, NE1 TDG|
|||Moneywise
Credit Union||||||
|||187-189Shields Road,|Newcastle||upn|Tyne,|NE6 1DP|
|Legal advisors||Sintons LLP||||||
|||The Cube, Barrack Road,||NE4 6DB||||
##
##
##
##
|||Page|
|---|---|---|
|Directors' report||1-7|
|Independent
auditor's|report|8-10|
|Statement
of financial|activities|11-12|
|Balance sheet||13|
|Statement
ofcash flows||14|
|Notes to the financial|statements|15-36|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Current financial|Current financial|year|year|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted|Restricted|Endowment|Total|Total|
||||||||funds|funds|funds|||
|||||||Notes|2021
8|2021
f|2021|2021f|2020
6|
|Income and endowments|||||from:|||||||
|Donations
and|legacies|||||3|3,896|5,202||9,098|88|
|Investments||||||4|308,742|60,575||369,317|349,438|
|Other Income||||||5|2,050,556|20,250||2,070,806|1,161,522|
|Total Income|||||||2,363,194|86,027||2,449,221|1,511,048|
|Expenditure
on:||||||||||||
|Charitable
activities||||||6|1,238,308|82,089||1,320,397|796,217|
|Other expenditure||||||9||52,931||52,931|64,078|
|Totalresources||expended|||||1,238,308|135,020||1,373,328|860,295|
|Net gains/(losses)|||on investments|||10|1,191,366|278,760||1,470,126|672,582|
|Net Incoming|resources|||before||||||||
|transfers|||||||2,316,252|229,767||2,546,019|1,323,335|
|Gross transfers|between|||funds|||(76,290)|76,290||||
|Net movement|in||funds||||2,239,962|306,057||2,546,019|1,323,335|
|Fund balances|at|1 January|||2021||11,048,102|2,371,288|178,578|13,597,968|12,274,633|
|Fund balances|at||31 December|||||||||
|2021|||||||13,288,064|2,677,345|178,578|16,143,987|13,597,968|
##
##
##
|Prior financial|year|year||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|Endowment|Total|
|||||||funds|funds|funds||
|||||||2020|2020|2020|2020|
||||||Notes|6|f|8|8|
|Income and endowments||||from:||||||
|Donations
and|legacies|||||88|||88|
|Investments||||||291,997|57,441||349,438|
|Other income||||||1,138,243|23,279||1,161,522|
|Total Income||||||1,430,328|80,720||1,511,048|
|Expenditure
on:||||||||||
|Charitable
activities||||||695,572|100,645||796,217|
|Other expenditure|||||||42,656|21,422|64,078|
|Total resources expended||||||695,572|143,301|21,422|860,295|
|Net gains/(losses)||on investments|||10|543,360|129,222||672,582|
|Net incoming|resources||before transfers|||1,278,116|66,641|(21,422)|1,323,335|
|Gross transfers|between||funds|||(472,309)|472,309|||
|Net movement|In|funds||||805,807|538,950|(21,422)|1,323,335|
|Fund balances|at 1 January|||2020||10,242,295|1,832,338|200,000|12,274,633|
|Fund balances|at|31 December 2020||||11,048,102|2,371,288|178,578|13,597,968|
##
##
##
|||||2021|2020|
|---|---|---|---|---|---|
||||Notes|f|f|
|Fixed assets||||||
|Tangible assets|||13|1,235,471|1,088,390|
|Investment
properties|||14|155,000|155,000|
|Investments|||15|12,721,601|10,799,716|
|||||14,112,072|12,043,106|
|Current assets||||||
|Debtors falling due|after one year||17|24,000|24,000|
|Debtors falling due|within one year||17|150,496|67,732|
|Investments|||18|1,659,250|1,236,353|
|Cash at bank and|in|hand||956,151|632,644|
|||||2,789,897|1,960,729|
|Creditors: amounts||falling due within||||
|one year|||19|(41,419)|(28,204)|
|Net current assets||||2,748,478|1,932,525|
|Total assets less|current
liabilities|||16,860,550|13,975,631|
|Provisions for liabilities|||20|(716,563)|(377,663)|
|Net assets||||16,143,987|13,597,968|
|Capital funds||||||
|Endowment
funds||||178,578|178,578|
|Income funds||||||
|Restricted
funds|||22|2,677,345|2,371,288|
|Unrestricted
funds|||21|13,288,064|11,048,102|
|||||16,143,987|13,597,968|
##
##
##
||||||2021||2020||
|---|---|---|---|---|---|---|---|---|
|||||Notes|E||6||
|Cash flows from operating||activities|||||||
|Cash absorbed
by operations||||28||(941,205)||(761,447)|
|Investing|activities||||||||
|Purchase|oftangible
fixed assets||||(4,243)||(79,230)||
|Proceeds|on disposal oftangible||fixed||||||
|assets|||||||35,806||
|Purchase|of investments||||(400,000)||(100,000)||
|Proceeds|on disposal of investments||||1,299,638||800,422||
|Investment|income received||||369,317||349,438||
|Net cash|generated
from|Investing|||||||
|activities||||||1,264,712||1,006,436|
|Net cash|used
In financing|activities|||||||
|Net Increase
in cash and cash|||equivalents|||323,507||244,989|
|Cash and|cash equivalents|at beginning||ofyear||632,644||387,655|
|Cash and|cash equivalents|at end of||year||956,151||632,644|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Donations||and legacies|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Unrestricted|
||||funds|funds||funds|
||||2021|2021||2020|
|||||6||6|
|Donations|and gifts||3,841|5,142|8,983||
|Legacies|receivable||55||55|88|
|Grants receivable||||60|60||
||||3,896|5,202|9,098|88|
|Donations||and gifts|||||
|Contributions||from local churches|3,841||3,841||
|M&M contributions||||5,142|5,142||
||||3,841|5,142|8,983||
##
##
##
##
||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
||funds|funds||funds|funds||
||2021|2021|2021|2020|2020|2020|
||E|E|E|E|E|E|
|Rental income|15,000||15,000|15,000||15,000|
|Income from listed|||||||
|investments|293,633|60,552|354,185|276,921|57,428|334,349|
|Interest receivable|109|23|132|76|13|89|
||308,742|60,575|369,317|291,997|57,441|349,438|
##
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2021|2021|2021|2020|2020|2020|
||||E|E|E|E||E|
|Properties||held for sale|1,939,785||1,939,785|1,111,353||1,111,353|
|Other income|||68,754||68,754|11,364|279|11,643|
|Rental income|||16,657||16,657|15,526||15,526|
|Northerly|Synods||||||||
|Contribution||to Clerk|||||||
|Salary|||25,360||25,360||2,000|2,000|
|Monies received from|||||||||
|investors||||20,250|20,250||21,000|21,000|
||||2,050,556|20,250|2,070,806|1,138,243|23,279|1,161,522|
##
##
##
##
||||Discipleship|Discipleship|Mission|Partnership|Property|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||2021|2021|2021|2021|2021|2020|
|||||E|E|E|E|E|E|
|Staff costs|||||10,684|||10,6e4||
|Direct activities||||2,994|14,367|466,410|135,107|618,878|213,182|
|||||2,994|25,051|466,410|135,107|629,562|213,182|
|Grant funding|of activities|||||||||
|(see note 7)||||3,239|60,406|41,143|213,858|318,646|214,656|
|Share ofsupport costs (see
note 8)|||125,929||56,332|100,103|83,589|365,953|362,189|
|Share ofgovernance
(see note 8)||costs||1,559|1,559|1,559|1,559|6,236|6,190|
||||133,721||143,348|609,215|434,113|1,320,397|796,217|
|Analysis
by
Unrestricted|fund
funds||133,602||143,348|555,773|405,585|1,238,308|695,572|
|Restricted
funds||||119|-|53,442|28,528|82,089|100,645|
||||133,721||143,348|609,215|434,113|1,320,397|796,217|
|For the year|ended|31 December||2020||||||
||||||Discipleship|Mission|Partnership|Property|Total|
||||||||||2020|
||||||||||E|
|Direct activities|||||3,760|6,163|54,745|148,514|213,182|
|Grant funding|of activities (see note|||7)|5,142|57,871|39,337|112,306|214,656|
|Share of support costs (see|||note 8)||119,113|51,346|112,913|78,817|362,189|
|Share ofgovernance||costs|(see note 8)||1,350|1,275|1,894|1,671|6,190|
||||||129,365|116,655|208,889|341,308|796,217|
|Analysis
by|fund|||||||||
|Unrestricted|funds||||129,013|116,655|163,506|286,398|695,572|
|Restricted
funds|||||352||45,383|54,910|100,645|
||||||129,365|116,655|208,889|341,308|796,217|
##
##
##
##
|Grants payable|||||||
|---|---|---|---|---|---|---|
|||Discipleship|Mission|Partnership|Property||
|||2021|2021|2021|2021|2021|
|||6|8|6||8|
|Grants to institutions:|||||||
|St Cuthbert's
Centre,
Holy Island|||||62,500|62,500|
|Northgate
URC Darlington|||||53,057|53,057|
|St Columba's
URC, North Shields|||||29,763|29,763|
|St Columba's
URC, Billlngham|||||23,814|23,814|
|NECAT|||16,464|||16,464|
|Bethel URC, Chester-le-Street|||4,789||7,510|12,299|
|Northumbrian
Industrial
Mission|||10,500|||10,500|
|StJames's
URC, Newcastle|||||10,000|10,000|
|Kaid Resource Centre|||||10,000|10,000|
|Bellingham
URC||||5,300||5,300|
|Trinity Church,
Gosforth|||5,000|||5,000|
|Wooler URC|||5,000|||5,000|
|Roker URC|||||4,827|4,827|
|Falstone
& Klelder Church||||4,800||4,800|
|StAndrew's
URC, Kenton|||4,571|||4,571|
|StJames's
URC, Alnwick|||4,453|||4,453|
|Rothbury
URC|||4,401|||4,401|
|Newcastle
Central
& East Methodist|Circuit||||3,730|3,730|
|Greet Bavington
URC|||||2,985|2,985|
|Trinity Church, Ashington|||||1,960|1,960|
|Jesmond
URC|||||1,887|1,887|
|St George's URC, Hartlepool|||||1,825|1,825|
|Wark LEP||||1,080||1,080|
|StAndrew's
Dawson Street, Crook|LEP|||1,000||1,000|
|Less grants
no longer required|||(54)|||(54)|
|Minor institutional
grants||2,286|5,282|25,403||32,971|
|||2,286|60,406|37,583|213,858|314,133|
|Grants to individuals||953||3,560||4,513|
|||3,239|60,406|41,143|213,858|318,646|
##
##
##
|7|Grants payable||||||(Continued)|(Continued)|
|---|---|---|---|---|---|---|---|---|
||For the year ended 31 December 2020||||||||
|||||Discipleship|Mission|Partnership|Property||
|||||2020|2020|2020|2020|2020|
|||||6|8|||8|
||Grants to institutions:||||||||
||St Cuthbert's
Centre,|Holy Island|||50,000||62,500|112,500|
||Horsley URC||||||26,978|26,978|
||Roker URC||||9,000||16,679|25,679|
||Bellingham
URC|||||14,903||14,903|
||Falstone
& Klelder Church|||||13,357||13,357|
||Newcastle
City Centre Chaplaincy||||10,000|||10,000|
||Gateshead
Group||||||5,700|5,700|
||Connect Network
Sunderland||||5,000|||5,000|
||Renew NE||||5,000|||5,000|
||Crookham
URC|||||3,400||3,400|
||Wark LEP|||||3,217||3,217|
||StAndrev/s
Church,|Crook|||2,000|1,000||3,000|
||Denewell Avenue
URC||||||2,246|2,246|
||Jesmond
URC||||1,746|||1,746|
||Trinity Church, Ashington||||||1,000|1,000|
||Ponteland
URC and Wldeopen||URC||850|||850|
||Northallerton
URC||||667|||667|
||Less grants no longer required||||(26,392)||(2,797)|(29,189)|
||Minor institutional
grants|||768||26||794|
|||||768|57,871|35,903|112,306|206,848|
||Grants to individuals|||4,374||3,434||7,808|
|||||5,142|57,871|39,337|112,306|214,656|
##
##
##
##
##
##
##
##
||||Support|Governance|2021|Support|Governance|2020|
|---|---|---|---|---|---|---|---|---|
||||costs|costs||costs|costs||
||||8|6||6|||
|Staff costs|||285,518||285,518|261,657||261,657|
|Depreciation|||23,043||23,043|24,421||24,421|
|Otffce &executive|||50,441||50,441|69,397||69,397|
|Office staff||costs|4,897||4,897|3,642||3,642|
|Resource|staif costs||2,054||2,054|3,072||3,072|
|Audit fees||||6,000|6,000||6,000|6,000|
|Sundry expenses||||236|236||190|190|
||||365,953|6,236|372,189|362,189|6,190|368,379|
|Analysed|between||||||||
|Charitable||activities|365,953|6,236|372,189|362,189|6,190|368,379|
|Basis ofallocation|||||||||
|||||||Offic 8|Office|Resource|
|||||||executive|staff|staff|
|||||||0/|0/|0/|
|Discipleship||||||25|21|77|
|Mission||||||25|17|3|
|Partnership||||||25|31|20|
|Property||||||25|31||
|||||||100|100|100|
##
##
##
||||Restricted|Restricted|Total|Restricted|Endowment|Endowment|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds||funds||funds||
|||||2021|2021|2020||2020|2020|
|Net loss on|disposal|oftangible|fixed|||||||
|assets||||||||21,422|21,422|
|Monies paid|to investors|||52,931|52,931|42,656|||42,656|
|||||52,931|52,931|42,656||21,422|64,078|
|Net gains/(losses)||on Investments||||||||
||||Unrestricted|Restricted|Total|Unrestricted||Restricted|Total|
||||funds|funds||funds||funds||
||||2021
6|2021
6|2021
6|2020
6||2020f|2020
6|
|Revaluation|of investments||1,226,366|278,760|1,505,126|543,360||129,222|672,582|
|Gain/(loss)|on sale|of||||||||
|investments|||(35,000)||(35,000)|||||
||||1,191,366|278,760|1,470,126|543,360||129,222|672,582|
##
##
##
|The aver|age
monthly
number
ofemployees
during
t|he year was:||
|---|---|---|---|
|||2021|2020|
|||Number|Number|
|Head count||15|12|
|Full-time|equivalent|8|7|
##
##
##
|12|Employees||(Continued)|
|---|---|---|---|
||Employment
costs|2021|2020|
||||6|
||Wages and salaries|215,404|186,337|
||Social security costs|17,899|16,267|
||Other pension costs|62,899|59,053|
|||296,202|261,657|
##
##
||||FreeholdFlxtures
snd|FreeholdFlxtures
snd|Loans|Property|Total|
|---|---|---|---|---|---|---|---|
||||land and|fittings||Improvements||
||||buildings|||||
||||6|E||||
|Cost||||||||
|At 1 January|2021||762,450|49,215|225,983|206,034|1,243,682|
|Additions|||185,000|4,243|||189,243|
|Disposals||||(19,345)|||(19,345)|
|At 31 December 2021|||947,450|34,113|225,983|206,034|1,413,580|
|Depreciation|and impairment|||||||
|At 1 January|2021||89,749|44,940||20,603|155,292|
|Depreciation|charged|in the year|19,119|2,440||20,603|42,162|
|Eliminated
in|respect ofdisposals|||(19,345)|||(19,345)|
|At 31 December 2021|||108,868|28,035||41,206|178,109|
|Carrying
amount||||||||
|At 31 December 2021|||838,582|6,078|225,983|164,828|1,235,471|
|At 31 December 2020|||672,701|4,275|225,983|185,431|1,088,390|
##
##
##
##
##
##
##
##
##
|Fixed asset Investmen|ts|||||
|---|---|---|---|---|---|
||||Common|Tra&dcraft|Total|
||||investment|Investment||
||||fund|||
|Cost or valuation||||||
|At 1 January 2021|||10,798,210|1,506|10,799,716|
|Additions|||416,759||416,759|
|Valuation
changes|||1,505,126||1,505,126|
|At 31 December 2021|||12,720,095|1,506|12,721,601|
|Carrying
amount||||||
|At 31 December 2021|||12,720,095|1,506|12,721,601|
|At 31 December 2020|||10,798,210|1,506|10,799,716|
|Financial instruments||||2021|2020|
|||||8|6|
|Carrying
amount offinancial assets||||||
|Instruments
measured|at fair value through|profit or loss||1,659,250|1,236,353|
|Debtors||||||
|Amounts
falling due|within one year:|||2021
6|2020f|
|Other debtors||||116,857|42,577|
|Prepayments
and accrued income||||33,639|25,155|
|||||150,496|67,732|
|||||2021|2020|
|Amounts
falling due|after more than one|year:||f||
|Other debtors||||24,000|24,000|
|Total debtors||||174,496|91,732|
##
##
##
|18|Current|asset Investments|asset Investments||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||E|E|
||Assets held for sale||||1,659,250|1,236,353|
|19|Creditors: amounts||falling due within one year||||
||||||2021|2020|
|||||||E|
||Other creditors||||610|6,469|
||Accruals|and deferred|income||40,809|21,735|
||||||41,419|28,204|
|20|Provisions
for liabilities||||2021|2020|
||||||E|E|
||Grant provisions||||316,563|377,663|
||Pension|provisions|||400,000||
||||||716,563|377,663|
||Movements
on provisions:||||||
|||||Grant|Pension|Total|
|||||provisions|provisions||
|||||E|E||
||At 1 January 2021|||377,663||377,663|
||Additional|provisions|in the year|281,216|400,000|681,216|
||Reversal|of provision||(54)||(54)|
||IJtilisation|of provision||(342,262)||(342,262)|
||At 31 December 2021|||316,563|400,000|716,563|
##
##
##
|||||Movement|In funds||||
|---|---|---|---|---|---|---|---|---|
|||Balance at 1|Incoming|Resources|Transfers|Revaluations,||Balance at 31|
|||January|resources|expended|||gains and|December|
|||2021f||f|8||losses
6|2021
6|
|General|fund|915,103|333,231|(424,161)|179,011||96,928|1,100,112|
|General|reserve|2,467,258|70,680|(421,603)|16,888||306,557|2,439,780|
|Property|valuations|906,299|185,000|(19,120)||||1,072,179|
|Manse fund||4,226,319|1,049,927|(21,861)|(255,936)||539,707|5,538,156|
|Property|fund|1,258,443|723,515|(268,369)|(368,719)||67,447|1,412,317|
|Mission fund||1,262,935||(76,992)|(766,065)||178,629|598,507|
|Dr Brand|legacy|11,745|841||||2,098|14,684|
|C&YStrategy||||(6,202)|874,553|||868,351|
|Ministers'|Pension||||||||
|Fund|||||243,978|||243,978|
|||11,048,102|2,363,194|(1,238,308)|(76,290)||1,191,366|13,288,064|
|||||Movement|In funds||||
|---|---|---|---|---|---|---|---|---|
|||Balance at 1|Incoming|Resources|Transfers|Revaluations,||Balance at 31|
|||January|resources|expended|||gains and|December|
|||2020f|||f||losses
6|2020
f|
|General|fund|962,889|300,396|(411,956)|20,423||43,351|915,103|
|General|reserve|2,360,036||(27,140)|||134,362|2,467,258|
|Property|valuations|932,225||(15,420)|||(10,506)|906,299|
|Manse fund||4,178,210|291,392|(34,751)|(470,331)||261,799|4,226,319|
|Property|fund|586,043|837,487|(142,426)|(53,062)||30,401|1,258,443|
|Mission|fund|1,109,430||(51,879)|127,760||77,624|1,262,935|
|Dr Brand legacy||19,767|1,053|(10,000)|||925|11,745|
|Synod Way Forward|||||||||
|Fund||93,695||(2,000)|(97,099)||5,404||
|||10,242,295|1,430,328|(695,572)|(472,309)||543,360|11,048,102|
##
##
##
##
|||||||Movement|in funds|||
|---|---|---|---|---|---|---|---|---|---|
|||||Balance at|Incoming|Resources|Transfers|Revaluations,|Balance at|
|||||1 January|resources|expended||gains and31|December|
|||||2021||||losses|2021|
|||||6||||6|6|
|Dales fund||||44,362||||5,352|49,714|
|Ministry
& mission|||fund|106,868|5,142|(20,521)|1,267|14,055|106,811|
|Moderator's|benevolent|||||||||
|fund||||4,031||(3,560)|||471|
|Mozambique||partnership||||||||
|fund||||16,733|540|||2,040|19,313|
|Mozambique||proJect||||||||
|fund||||867|25|||105|997|
|Northumberland||project||||||||
|fund||||3,876||||468|4,344|
|Students'
fund||||9,254||(119)||1,109|10,244|
|Pulpit supply|fund|||||(290)|290|||
|Trust capital|funds|||1,375,321|38,526|(52,571)|74,733|164,083|1,600,092|
|Church funds||||776,094|41,794|(55,237)||91,548|854,199|
|Northerly
Synods||||||||||
|Listening
and||||||||||
|Reconciliation||Fund||31,882||(2,780)|||29,102|
|Safeguarding||fund||2,000||(1,350)|||650|
|Northerly
Synods||||||||||
|general
fund||||||1,408|||1,408|
|||||2,371,288|86,027|(135,020)|76,290|278,760|2,677,345|
##
##
##
|Previous
financial|Previous
financial|year|||||||
|---|---|---|---|---|---|---|---|---|
||||||Movement|In funds|||
||||Balance at|Incoming|Resources|Transfers|Revaluations,|Balance at|
||||1 January|resources|expended||gains and31|December|
||||2020||||losses|2020|
||||8|8||8|8|8|
|Church extension||fund|||||||
|Dales fund|||41,893||||2,469|44,362|
|Ministry
& mission||fund|137,180||(38,856)|1,960|6,584|106,868|
|Moderator's|benevolent||||||||
|fund|||7,465||(3,434)|||4,031|
|Mozambique|partnership||||||||
|fund|||15,602|498||(300)|933|16,733|
|Mozambique|project||||||||
|fund|||491|45||300|31|867|
|NorthumbeAand
project|||||||||
|fund|||3,660||||216|3,876|
|Students'
fund|||9,091||(352)||515|9,254|
|Pulpit supply|fund||5||(25)|20|||
|Trust capital|funds||849,775|34,147|(54,911)|470,329|75,981|1,375,321|
|Church funds|||732,477|43,780|(42,656)||42,493|776,094|
|Northerly
Synods|||||||||
|Listening
and|||||||||
|Reconciliation
Fund|||34,449||(2,567)|||31,882|
|Safeguarding|fund|||2,000|(500)|||2,000|
|Charity Collections||fund|250|250|(500)||||
||||1,832,338|80,720|(143,801)|472,309|129,222|2,371,288|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||||Unrestricted|Restricted|Restricted||Endowed|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||2021||2021||2021|2021|
|||||||E||E||E|E|
|Fund balances at 31 December 2021 are||||||||||||
|represented
by:||||||||||||
|Tangible assets||||||1,085,471||||150,000|1,235,471|
|Investment
properties||||||155,000|||||155,000|
|Investments||||||10,030,978|2,690,623||||12,721,601|
|Current
assets/(liabilities)||||||2,710,818||9,082||28,578|2,748,478|
|Long term liabilities||||||22,360||(22,360)||||
|Provisions||||||(716,563)|||||(716,563)|
|||||||13,288,064|2,677,345|||178,578|16,143,987|
|Prior financial year||||||||||||
|||||||Unrestricted|Restricted|||Endowed|Total|
|||||||2020||2020||2020|2020|
|||||||E||E||E|E|
|Fund balances at 31 December 2020 are||||||||||||
|represented
by:||||||||||||
|Tangible assets||||||938,390||||150,000|1,088,390|
|Investment
properties||||||155,000|||||155,000|
|Investments||||||8,445,765|2,353,951||||10,799,716|
|Current assets/(liabilities)||||||1,875,430||28,517||28,578|1,932,525|
|Long term liabilities||||||(366,483)||(11,180)|||(377,663)|
|||||||11,048,102|2,371,288|||178,578|13,597,968|
|Contingent
liabilities||||||||||||
|An actuarial
review of the Ministers'
Pension
Fund has been completed
and the Synod has committed
E1.2m
for the period 2022 to 2024, with another f1.8m in principle
for 2025 through
to 2030 to the deficit recovery||||||||||||
|plan.
A total commitment||of E3m.|This commitment|||has been
made||in conjunction||with
all other Synods||
|throughout
the country.|Due to the||structure||of the national
church||and|ministerial|appointments||there
is no|
|legal obligation
for the|Trust to do||this,|but|all Synods were approached|||and there||is wide acceptance
that||
|there is a moral obligation||at the Synod level|||and that|such support does||fall within the charitable|||purposes
of|
|the Trust.||||||||||||
##
##
##
##
##
##
|||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||8||
||Within one year|||||||||15,000|15,000|
||Between two and five|years||||||||30,000|45,000|
|||||||||||45,000|60,000|
|27|Related party transactions|||||||||||
||There were no disclosable
related|||parly|transactions||during||the year (2020:none).|||
|28|Cash generated
from|operations||||||||2021f|2020
8|
||Surplus for the year|||||||||2,546,019|1,323,335|
||Adjustments
for:|||||||||||
||Investment
income recognised||in statement|||of financial||activities||(369,317)|(349,438)|
||(Gain)/loss
on disposal|oftangible||fixed|assets||||||21,422|
||Loss on disposal of investments|||||||||35,000||
||Gift of property|||||||||(1,939,785)|(1,111,353)|
||Investment
fee rebate|reinvested||||||||(16,762)|(14,806)|
||Fair value gains and losses on||investments|||||||(1,505,126)|(672,582)|
||Depreciation
and impairment
oftangible||||fixed assets|||||42,162|39,841|
||Movements
in working|capital:||||||||||
||(Increase)
in debtors|||||||||(82,764)|(35,721)|
||Increase/(decrease)
in|creditors||||||||10,468|(3,771)|
||increase
in provisions|||||||||338,900|41,624|
||Cash absorbed
by operations|||||||||(941,205)|(761,449)|
|29|Analysis ofchanges|in net funds||||||||||
||The charity
had no debt during||the|year.||||||||
##
##
##
##
##