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2023-02-20-accounts

Trustees Mr A Mayo
Mr I Mayo
Mrs J Mayo
Charity number 1134634
Company number 07163237
Registered office Offord Manor
Offord
Kent
TN15 6XF
Independent examiner John Caladine FCCA CTA FOIE
Caladine
Limited
Chantry
House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
Bankers Metro Bank
One Southampton Row
London
WC1B 5HA

Page
Trustees'
report
independent
examiner's
report
Statement offinancial activities
Statement offinancial position
Statement ofcash flows
Notes to the financial statements 7-14

Unrestricted Unrestricted
funds funds
2023 2022
Notes 6 E
Income from:
Donations
and legacies		 600,000 200,000
Investments 23,206 10,535
Total income 623,206 210,535
Expenditure
on:
Raising funds 5,665 6,658
Charitable
activities		 57,431 50,127
Total expenditure 63,096 56,785
Net gains/(lasses) on investments (44,463) 13,601
Net income and movement in funds 515,647 167,351
Reconciliation of funds:
Fund balances at 1 March 2022 918,038 750,687
Fund balances at 20 February 2023 1,433,685 918,038

2023 2022
Notes 6
Fixed assets
Property,
plant and		 equipment 13 596,288
Investments 14 638,606 659,717
1,234,894 659,717
Current assets
Trade and other receivables 15 501
Cash at bank and in hand 202,306 260,359
202,807 260,359
Current liabilities 16 4,016 2,038
Net current assets 198,791 258,321
Total assets less current liabilities 1,433,685 918,038
The funds ofthe trust
Unrestricted
funds		 1,433,685 918,038
1,433,685 918,038

2023 2022
Notes 6 E
Cash flows from operating activities
Cash generated
from operations		 19 546,803 145,253
Investing
activities
Purchase
ofproperty,
plant		 and equipment (604,710)
Purchase
ofinvestments		 (119,652) (88,181)
Proceeds from disposal of investments 96,300 80,202
Investment
income received		 23,206 10,535
Net cash (used in)/generated from
investing
activities		 (604,856) 2,556
Financing
activities
Repayment
ofborrowings		 (2,847)
Net cash used in financing activities (2,847)
Net (decrease)/increase
in cash and cash
equivalents (58,053) 144,962
Cash and cash equivalents at beginning ofperiod 260,359 115,397
Cash and cash equivalents at end of period 202,306 260,359

Unrestricted Unrestricted
funds funds
2023 2022
f f.
Rental income 10,000
Income from listed investments 8,499 6,646
Interest receivable 4,707 3,889
23,206 10,535

Unrestricted Unrestricted
funds funds
2023 2022
5,665 6,658

Charitable Chaditable
expenditure expenditure
2023f 2022
Direct costs
Depreciation and impairment 8,422
Property costs 2,360
Bank Charges 125 70
Foreign exchange (gains)/losses (1,368) (532)
Sundry expenses 26
9,539 (436)
Grant funding ofactivities (see note 7) 45,437 49,663
Share ofsupport and governance costs (see note 8)
Governance 2,455 900
57,431 50,127
Analysis
by		 fund
Unrestdicted funds 57,431 50,127

Charitable
expenditure
2023 2022
6 6
Grants to institutions:
Church
building
project - outside		 UK 33,264
Micro grants to local UK churches 508 691
Humanitarian aid grant to a church in the Middle East 32,660 4,051
Grain of Mustard Seed School 8,511
Humanitarian aid to Ukraine 1,450
43,129 38,006
Grants to individuals 2,308 11,657
45,437 49,663
Support costs allocated to activities
2023 2022
6 6
Governance costs 2,455 900
Analysed
between:
Charitable
expenditure		 2,455 900
2023 2022
Governance costs comprise; 6
Accountancy 2,160 900
Legal snd professional 295
2,455 900

The average monthly
number ofemployees
during		 monthly
number ofemployees
during		 monthly
number ofemployees
during		 monthly
number ofemployees
during		 the period was:
2023 2022
Number Number
Total
There were no employees whose annual
remuneration		 was more than 660,000.
Remuneration of key management personnel
The remuneration ofkey management personnel is as follows.
11 Gains and losses on investments losses on investments
Unrestricted Unrestricted
funds funds
2023 2022
Gains/(losses) arising on: f
Revaluation of investments (38,724) 1,818
Sale of investments (5,739) 11,783
(44,463) 13,601

Properly,
plant and		 equipment
Freehold land Fixtures and Total
and buildings fittings
Cost
Additions 603,589 1,121 604,710
At 20 February 2023 603,589 1,121 604,710
Depreciation
and impairment
Depreciation
charged		 in the period 8,048 374 8,422
At 20 February 2023 8,048 374 8,422
Carrying
amount
At 20 February 2023 595,541 747 596,288

14 Fixed asset investments
Listed
investments
Cost or valuation
At 1 March 2022 659,717
Additions 119,652
Valuation changes (38,724)
Disposals (102,039)
At 20 February 2023 638,606
Carrying
amount
At 20 February 2023 638,606
At 28 February 2022 659,717
15 Trade and other receivables
2023 2022
Amounts
falling due within one year:		 6 6
Prepayments
and accrued income		 501

2023f 2022
6
Accruals and deferred income 4,016 2,038

At 1 March At 1 March At 1 March Incoming Incoming Resources Gains and At 20
2022 resources expended losses February 2023
8 8 8 8
General funds 918,038 623,206 (63,096) (44,463) 1,433,685
Previous year:
At 1 March		 Incoming Resources Gains and At 28
2021f resourcesf expended
6		 losses February 2022
6
General funds 750,687 210,535 (56,785) 13,601 918,038
Related party transactions
There were no disclosable
related party		 transactions during the period (2022 - none).
Cash generated
from operations		 2023 2022
Surplus for the period 515,647 167,351
Adjustments
for:
Investment
income recognised
in statement		 offinancial activities (23,206) (10,535)
Loss/(gain)
on disposal ofinvestments		 5,739 (11,783)
Fair value gains and losses on investments 38,724 (1,818)
Depreciation
and impairment
of property,		 plant and equipment 8,422
Movements
in working
capital:
(Increase)
in trade and other receivables		 (501)
Increase
in trade and other payables		 1,978 2,038
Cash generated
from operations		 546,803 145,253
Analysis ofchanges
in net funds