||||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| ## ## ## ##