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2021-03-31-accounts

Page
Report ofthe Trustees 1 to 4
Independent
Examiner's		 Report
Statement
of Financial		 Activities
Balance Sheet 7 to 8
Cash Flow Statement
Notes to the Cash Flow Statement 10
Notes to the Financial Statements 11 to 22

2021 2020
Unrestricted Restricted Total Total
fund fund funds funds
Notes F E F 'E
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 1,250,000
Charitable
activities
General charitable work 66,661 66,661 69,049
Investment
income		 12,572 12,572 61,636
Total 79,233 79,233 1,380,685
EXPENDITURE ON
Raising funds 2,588 2,588 5,236
Charitable
activities
General charitable work 2,021 2,021 43,896
Religious education
540,870 540,870 544,336
Social welfare
66,506 66,506 139,954
Medical welfare
102,599 102,599 84,554
Total 714,584 714,584 817,976
Net gains on investments 361,031 361,031 221,926
NET INCOME/(EXPENDITURE) (274,320) (274,320)- 784,635
RECONCILIATION OF FUNDS
Total funds brought forward 12,849,414 139,557 12,988,971 12,204,336
TOTAL FUNDS CARRIED FORWARD 12,575,094 139,557 12,714,651 12,988,971

2021 2020
Unrestricted Restricted Total Total
funci fund funds funds
Notes f E E
FIXEDASSETS
Tangible assets 13 3,819,577 3,819,577 4,912,461
Investments 14 3,282,626 3,282,626 2,304,409
7,102,203 7,102,203 7,216,870
CURRENT ASSETS
Debtors 15 491,898 491,898 360,244
Cash at bank 5,011,374 139,557 5,150,931 5,494,774
5,503,272 139,557 5,642,829 5,855,018
CREDITORS
Amounts
falling due within one year		 16 (30,381) (30,381) (82,917)
NET CURRENT ASSETS 5,472,891 139,557 5,612,448 5,772,101
TOTAL ASSETS LESSCURRENT
LIABILITIES 12,575,094 139,557 12,714,651 12,988,971
NET ASSETS 12,575,094 139,557 12,714,651 12,988,971
FUNDS 17
Unrestricted
funds		 12,575,094 12,849,414
Restricted funds 139,557 139,557
TOTAL FUNDS 12,714,651 12,988,971

2021 2020
Notes P
Cash flows from operating
activities
Cash generated
from operations		 1 ~937,821) 832,745
Net cash (used in)/provided by operating activities ~937,821) 832,745
Cash flows from investing activities
Purchase
of tangible fixed assets		 (192,290) (743,435)
Purchase
offixed asset investments		 (2,881,958) (1,091,852)
Sale of tangible fixed assets 1,390,882
Sale offixed asset investments 2,264,772 730,865
Interest received 79 9,638
Dividends
received		 12,493 51,998
Net cash provided
by/(used		 in) investing activities 593,978 ~1,042,786)
Change
in cash and cash		 equivalents
in the reporting
period		 (343,843) (210,041)
Cash and cash equivalents at the
beginning
ofthe reporting		 period 5,494,774 5,704,815
Cash and cash equivalents at the end
ofthe reporting
period		 5,150,931 5,494,774

RECONCILIATION

ACTIVITIES		 OF NET ( EXPENDITURE )/INCOME
TO NET CASH		 FLOW FROM OPERATING
2021 2020
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities) (274,320) 784,635
Adjustments
for:
Depreciation
charges		 5,735 2,303
Gain on investments (361,031) (221,926)
(Profit)/loss
on disposal		 offixed assets (111,443) 5,000
Interest received (79) (9,638)
Dividends
received		 (12,493) (51,998)
(Increase)/decrease
(Decrease)/increase		 in
in		 debtors
creditors		 (131,654)
~52,538)		 252,836
71,533
Net cash (used in)/provided by operations ~937,821) 832,745
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.20 Cash flow At 31.3.21
F E E
Net cash
Cash at bank 5,494,774 ~343,843) 5,150,931
5,494,774 ~343,843) 5,150,931
Total 5,494,774 ~343,843) 5,150,931

FOR THE YEAR EN FOR THE YEAR EN DED 31 MARCH 2021
2. DONATIONS AND LEGACIES
2021 2020
E E
Donations 1,250,000
3. INVESTMENT INCOME
2021 2020
Dividends
received		 12,493 51,998
Deposit account interest 79 9,638
12,572 61,636
4. INCOME FROM CHARITABLE ACTIVITIES
2021 2020
Activity
Rent receivable General charitable work 66,661 69,049
5. RAISING FUNDS
Investment
management		 costs
2021 2020
Support costs 2,588 5,236
Grant
funding
of
Direct activities Support
Costs (see (see note costs (see
note 7) 8) note 9) Totals
E
General charitable work (21,823) 23,844 2,021
Religious education 540,870 540,870
Social welfare 66,506 66,506
Medical welfare 102,599 102,599
~21,823) 709,975 23,844 711,996

7. DIRECT FOR THE YEAR END
COSTS OF CHARITABLE ACTIVITIES		 ED 31 MARCH 2021
2021 2020
F E
Rates and water 3,004 1,765
Insurance 2,329 1,898
Light and heat 939 376
Property maintenance 83,348 16,702
Loss on sale ofassets (111,443) 5,000
(21,823) 25,741
8. GRANTS PAYABLE
2021 2020
F
Religious education 540,870 544,336
Social welfare 66,506 139,954
Medical welfare 102,599 84,554
709,975 768,844

GRANTS PAYABLE - continued
The total grants
paid to institutions
during the year was as follows:		 2021 2020
E E
Family
in Trust - to assist with the cost of repairs to property		 used for
charitable
purposes
and a grant to enable employment
ofa		 support
worker 118,106 160,157
Danbury
Mission Evangelical
Church - support of Christian		 Ministry 55,100 96,866
Bringing Good News - towards a Christian
charity's
work
in		 Pakistan 5,000
Macmillan
Cancer Support		 1,000
Wycliffe Bible Translators
—donations
to support
bible translation		 work
across Sub-Sahara
and Southern
Africa		 16,000 6,000
George Whitefield
College South Africa - support ofa Theological
College
in South Africa training
Ministers		 78,500 106,000
Stand By Me - towards
work for children
worldwide		 5,180 5,180
The Areopagus
Trust - support of Christian
Ministry
in completion		 ofa
conference centre to train Christian
workers for universities		 and
colleges 2,000 2,000
Bridgend Business Centre
—support of Christian
Ministry
in		 Romania 2,400 2,400
Agape Ministries
—support of Christian
Ministry		 1,200 1,200
STEbbe's PCC - support
of Christian
Minister
in developing
international
gospel opportunities		 10,000 10,000
Christian
Aid		 500
Tearfund - Crisis Appeal 5,000
Proclamation
Trust - support oftraining
for Gospel Ministry		 36,545 47,036
Maldon Pioneers Association
- donation
to charity supporting		 adults
with special needs 2,000
Operation
Christmas
Card (Samaritans
Purse) - providing
Christmas
presents
to deprived
children		 1,000
Stewardship
- donation
to charity to help fund the provision		 ofservices
to religious
educational
establishments		 15,035
Eurasian
Ministry - support of Christian
Ministry
in Russia		 10,000 50,000
Jubilee Centre - support
of Christian
Ministry		 100 100
Starlight
Childrens
Foundation
-donation
to fund help for seriously		 ill
children 500
Happy Days Children's
Charity - donation
to charity providing
assitance to children
with special needs		 2,000
Alzheimer's
Society - donation
to support
fundraising
for Alzheimer'		 s
research 1,050
Farleigh
Hospice - to assist with funding
for hospice		 5,000
Bringing Good News - donation
to charity supporting
the spread of the
gospel, relieving
poverty and suffering
while encouranging		 self
sufficiency 5,000
Chelmsford
Chess - donation
to relieve homelessness
and		 hardship 5,000 5,000
World Team - support of Christian
Ministry		 10,000
Disasters
Emergency
Committee
- Coronavirus
Appeal		 10,000
Essex Dementia Care - charity
providing
one-to-one
support		 for those
with dementia 1,000
British Heart Foundation
- charity fighting
heart disease		 1,000
UCCF The Christian
Unions - charity supporting
students
9:38-support for Christian
Charity		 2,000 2,000
5,000
Samaritans
- UK Charity
providing
Christmas
gifts to needy		 children 500
The Word One To One,The Rock Foundation
—To provide		 extra staff
at Christian
Charity supporting
young
and old disadvantaged		 people. 50,000
The Lewis Moody Foundation
—support for medical
charity		 2,000
Kingham
Hill Trust - support
to finance a new lecturer
position at
Oakhill Theological
College		 40,000
SKE Foundation —to support a Christian
Ministers
son to attend		 4,564
school
Westminster
@One - support of Christian
Ministry
in the		 City of
London 5,000 5,000

FOR THE YEAR ENDED 31 MARCH 2 02 1
GRANTS PAYABLE - continued
Computers
for the Disabled - To provide computer
systems
and
laptops for disabled/housebound 1,000
The Field Lane Foundation
—supports
highly vulnerable
people		 1,000
Different Strokes - support ofstroke victims 1,000
World Team (UK) - donation
to support
the promotions
and
advancement
ofthe Christian
religion		 5,000
Fellowship
Afloat Charitable
Trust - donation
contributing
towards
refurbishment
ofa lighthouse
boat used to provide
Christian
outdoor
pursuits
training
for all ages		 5,000
Happy
Hill (Essex) - donation
towards
additional
needs activity		 centre. 500
The George Muller Charitable
Trust - to support
orphans
ofthe		 world
today 3,600 8,600
Ark Charity - a charity that aims to transform
children's
lives through
education 500
Cerebral
Palsy Plus - a charity that works with children
and adults		 with
cerebral
palsy, their families and carers.		 1,000
Chapel House Ministries
-for the public benefit ofthe Christian		 faith by
developing
models of mentoring
and hospitality
9,000
Cleft —Improving
the lives ofthose born with cleft lip and palate		 1,000 5,000
Dictum Press - Resources for the UK Churches
and mission agencies		 5,000
Discipleship Tec - Using technology
to help people grow
in their
relationship
with Jesus		 5,000
Dolphin School Trust - Common
nurturing
children ages 2-11,
grounded
in Christian
values		 4,834 4,630
Eclisa Trinity Church
—makes the connection
between
donors
with		 a
heart for South Africa 15,000 17,000
Essex YouthBuild
Appeal
- is a Chelmsford
based charity offering
condtruction
and employability
skills training
to young people aged		 14-
19 3,000
Fair Havens
Hospice - is a range of palliative care services that		 can be
provided 5,000 5,000
Katie Piper Foundation
- Rehabilitation
centre is residential
and
supports
the survivors
of burns		 30,000 30,000
Kidz Klub Leeds - Work with children
in every aspect oftheir lives
across the most challenging
areas of Leeds		 1,000
Wilderness
Foundation
UK - harnesses
the power ofthe wilderness		 to
transform
vulnerable
lives and empowers
people to conserve
nature		 3,000
The Hydration
Foundation
- A community
interest company
preventing
dehydration
by donating
free hydrant
drinking
systems
to anyone		 who
struggles
to drink without
help		 500
Oak Hill College - Prepare
and train men and women for ministry		 in
Anglican
and Independent
churches		 40,000 1,000
The Outward
Bound Trust - Educational
charity that helps young
people through
learning
and adventures
in the wild		 1,500
Prison Fellowship
E 8 W - Seeks to help, support
and develop a
Christian
ministry
to prisoners		 2,500
Moorlands
Church
- Support for church
in the city of Lancaster		 10,000
The Music Man Project - Create inspirational
opportunities
for
musicians
with learning
disabilities		 500
Churches
Together
in Maldon
- Support of Christian
ministry		 1,000
L'arche - Creating
communities
with a culture ofshared
lives between
people with and without
learning
disabilities		 30,000
The Beer-Harris
Memorial
Trust
—Aims to support
projects or research
that will benefit people suffering
from severe mental
illness		 525
The Lily Foundation
- A UK charity dedicated
to fighting
mitochondrial
disease 1,500
Page 15 continued. ..

GRANTS PAYABLE - continued - continued - continued - continued - continued
Just 4 Children
- Gives		 access to quality of life enhancing surgeries
and treatments 1,500
Crossway
Stratford -		 Support ofChristian ministry 5,000
10ofThose - support publisher of evangelic resources 10,000
World Cancer Research Fund - donation to fund cancer prevention
research 1,000
The Back-Up Trust - donation to a charity that supports people with
spinal cord injuries 2,000
Poole-Wau
Partnership		 Charitable Trust - support of Christian Ministry 2,000
The Salvation
Army - donation		 to support the vunerable at Christmas 1,000
Winston's
Wish - doantion		 to support bereaved
children		 and their
families 1,000
International
Presbyterian		 Church - support of Christian ministry 36,000
The Cruden Trust - support of Christian ministry 13,336
Chelmsford
Food Bank		 - support of local charity. 100
622,600 723,244
The total grants
paid		 to individuals during the year was as follows:
2021 2020
E
Religious
Education		 2,266 1,235
Medical Welfare 48,599 2,015
Social Welfare 36,510 42,350
87,375 45,600
9. SUPPORT COSTS
Governance
Management costs Totals
E 'E F
Investment
management		 costs 2,588 2,588
General
charitable
work		 19,344 4,500 23,844
21,932 4,500 26,432
10. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2021 2020
Auditors'
remuneration		 6,000
Depreciation
-owned		 assets 5,735 2,303
Surplus/(deficit)
on disposal		 of fixed assets ~111,443) 5,000

There were
no tru
31 March 2020.		 stees'
expenses
paid for the year ended
31 March 20		 stees'
expenses
paid for the year ended
31 March 20		 stees'
expenses
paid for the year ended
31 March 20		 stees'
expenses
paid for the year ended
31 March 20		 21 nor for th e year ended
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
E
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 1,250,000 1,250,000
Charitable
activities
General
charitable		 work 69,049 69,049
Investment
income		 61,636 61,636
Total 1,380,685 1,380,685
EXPENDITURE ON
Raising funds 5,236 5,236
Charitable
activities
General
charitable		 work 43,896 43,896
Religious education
544,336 544,336
Social welfare
139,954 139,954
Medical welfare
84,554 84,554
Total 817,976 817,976
Net gains on investments 221,926 221,926
NET INCOME 784,635 784,635
RECONCILIATION OF FUNDS
Total funds brought forward 12,064,779 139,557 12,204,336
TOTAL FUNDS CARRIED FORWARD 12,849,414 139,557 12,988,971

13. TANGIBLE FO
FIXEDASSETS		 R THE YEAR ENDED 31 MARCH 2021
Fixtures
Freehold and
property fittings Totals
COST
At 1 April 2020 4,909,702 15,320 4,925,022
Additions 179,222 13,068 192,290
Disposals ~1,279,439) ~1,279,439)
At 31 March 2021 3,809,485 28,388 3,837,873
DEPRECIATION
At 1 April 2020 12,561 12,561
Charge for year 5,735 5,735
At 31 March 2021 18,296 18,296
NET BOOK VALUE
At 31 March 2021 3,809,485 10,092 3,819,577
At 31 March 2020 4,909,702 2,759 4,912,461
14. FIXEDASSET INVESTMENTS
Listed
investments
E
MARKET VALUE
At 1 April 2020 2,304,409
Additions 2,881,958
Disposals (2,188,710)
Unrealised
gains/(losses)		 284,969
At 31 March 2021 3,282,626
NET BOOK VALUE
At 31 March 2021 3,282,626
At 31 March 2020 2,304,409
Listed investments:
UK equities 1,580,862
European
equities		 1,264,565
North American
equities		 437,199
3,282,626
Investments that are material in the context of the market value ofthe portfolio are listed below:
2021
UK Equities:
Aviva Pic 362,482
Lloyds Banking Group Pic 850,700
Sage Group Plc 367,680

FIXEDASSET INVESTMENTS - continued FIXEDASSET INVESTMENTS - continued
European
Equities:
Saipem
NPV		 237,439
Comm erzbank 445,113
Engie SA 266,931
Unicredit SpA 315,082
North American equities:
Newmont
Mining		 Corp 437,199
Cost or valuation at 31 March 2021 is represented by:
Cost or v aluati on
at 31 March 2021 is represented
by:
Listed
investments
Valuation in 2021 3,282,626
15. DEBTORS
2021 2020
E F
Amounts falling due within one year:
Other debtors 131,451 100,550
Prepayments and accrued income 3,700 2,947
135,151 103,497
Amounts falling due after more than one year:
Other debtors 356,747 256,747
Aggregate amounts 491,898 360,244

16. CREDITORS: AMOUNTS CREDITORS: AMOUNTS CREDITORS: AMOUNTS CREDITORS: AMOUNTS FALLING DUE FALLING DUE FALLING DUE WITHIN ONE YEAR
2021 2020
VAT 126 44
Accrued expenses 30,255 82,873
30,381 82,917
17. MOVEMENT IN FUNDS
Net
movement At
At 1.4.20 in funds 31.3.21
F
Unrestricted funds
General fund 12,849,414 (274,320) 12,575,094
Restricted funds
Restricted funds 139,557 139,557
TOTAL FUNDS 12,988,971 ~274,320) 12,714,651
Net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
E E
Unrestricted funds
General fund 79,233 (714,584) 361,031 (274,320)
TOTAL FUNDS 79,233 ~714,584) 361,031 (274,320)
Comparatives for movement in funds
Net
movement At
At 1.4.19 in funds 31.3.20
E
Unrestricted funds
General fund 12,064,779 784,635 12,849,414
Restricted funds
Restricted funds 139,557 139,557
TOTAL FUNDS 12,204,336 784,635 12,988,971

Compara tive net movement
in f		 unds,
included
in the abo		 ve are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
E E
Unrestricted funds
General fund 1,380,685 (817,976) 221,926 784,635
TOTAL FUNDS 1,380,685 ~817,976) 221,926 784,635
A curren t yea r 12 months
and prior yea		 r 12 months
combined
position
is		 as follows:
Net
movement At
At 1.4.19 in funds 31.3.21
F E
Unrestricted funds
General fund 12,064,779 510,315 12,575,094
Restricted funds
Restricted funds 139,557 139,557
TOTAL FUNDS 12,204,336 510,315 12,714,651
above a re as follows: ,
Incoming Resources Gains and Movement
resources expended losses in funds
E 'E E
Unrestricted funds
General fund 1,459,918 (1,532,560) 582,957 510,315
TOTAL FUNDS 1,459,918 (1,532,560) 582,957 510,315