||||Page|| |---|---|---|---|---| |Report ofthe Trustees||1|to|4| |Independent
Examiner's|Report|||| |Statement of Financial|Actlvttlss|||| |Balance Sheet||7 to||8| |Notes to the Financial Statements||9 to||19| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||2023|2022| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| ||||fund|fund|funds|funds| |||Notes|F|6|6|F| |INCOME AND ENDOWMENTS|FROM|||||| |Charitable
activities
General charitable
work||3|64,041|||85,289| |Investment
income||2|124,061||124,061|95,430| |Total|||188,102||188,102|160,719| |EXPENDITURE ON
Raising funds||4|5,050||5,050|8,517| |Charitable
activities
General charitable
work
Religious education
Social welfare
Medical welfare|||52,282
1,289,672
60,171
121,632||52,282
1,289,672
80,171
121,632|18,984
1,129,448
38,600
178,283| |Total|||1,528,807||1,528,807|1,373,812| |Net gainsl(losses)
on investments|||(464,418)||(464,418)|730,555| |NET INCOME/(EXPENDITURE)|||(1,805,123)||(1,805,123)|(482,538)| |RECONCILIATION
OF FUNDS||||||| |Total funds brought forward|||12,092,556|139,557|12,232,113|12,714,651| |TOTAL FUNDS CARRIED FORWARD|||10,287,433|139,557|10,426,990|12,232,113| ## ## |||||2023|2022| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||fund|fund|funds|funds| ||Notes||6|F|E| |FIXEDASSETS
Tangible assets
Investments|13
14|3,904,474
593,966||3,904,474
593,966|3,900,739
3,996,385| |||4,498,440||4,498,440|7,897,124| |CURRENT ASSETS
Debtors
Cash at bank|15|360,337
5,435,102|139,557|360,337
5,574,659|514,636
3,826,967| |||5,795,439|139,557|5,934,996|4,341,603| |CREDITORS
Amounts
falling due within one year|16|(6,446)||(6,446)|(6,614)| |NET CURRENT ASSETS||5,788,993|139,557|5,928,550|4,334,989| |TOTAL ASSETSLESSCURRENT
LIABILITIES||10,287,433|139,557|10,426,990|12,232,113| |NET ASSETS||10,287,433|139,557|10,426,990|12,232,113| |FUNDS
Unrestricted
funds
Restricted funds|17|||10,287,433
139,557|12,092,556
139,557| |TOTAL FUNDS||||10,426,990|12,232,113| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |INVESTMENTINCOME||||| |---|---|---|---|---| ||||2023|2022| |Dividends
received
Deposit account interest|||87,784
36,277|95,364
66| ||||124,061|95,430| |INCOME FROM CHARfTABLE ACTIVITIES|||2023|2022| |Rent receivable|Activity
General charitable|work|E
64,041|65,289| |RAISING FUNDS||||| |Investment
management|costs||2023|2022| ||||f|F| |Support costs|||5,050|8,517| ## |CHARITABLE ACT|IVITIES COST|S|||| |---|---|---|---|---|---| ||||Grant||| ||||funding
of||| |||Direct|activities|Support|| |||Costs (see
note 6)
F|(see note
7)|costs (see
note 8)|Totals
6| |General charitable
Religious education
Social welfare
Medical welfare|work|12,603|1,289,672
60,171
121,632|39,679|52,282
1,289,672
60,171
121,632| |||12,603|1,471,475|39,679|1,523,757| ## ## ||COSTSOFCHARITABLEACTIVITIES||| |---|---|---|---| ||DIRECT|2023|2022| |||6|6| ||Rates and water
Insurance
Light and heat
Property maintenance
Profit on sale ofassets|179
2,618
118
12,330
(2,642)|2,963
2,665
737
44,063
(67,698)| |||12,603|(17,270)| |7.|GRANTS PAYABLE|2023|2022| |||6|6| ||Religious education
Social welfare
Medical welfare|1,289,672
60,171
121,632|1,129,448
38,600
178,263| |||1,471,475|1,346,311| ## ## ## |NOTES TO THE FINANCIAL
STATEMENTS -continue
FOR THE YEAR ENDED 31 MARCH 2023|d|| |---|---|---| |GRANTS PAYABLE -continued||| |The total grants paid to institutions
during the year was as follows:|2023|2022| ||6|6| |Family
in Trust- to assist with the cost of repairs to properly
used for
charitable
purposes
and a grant to enable employment
ofa support
worker
Danbury
Mission Evangelical
Church - support of Christian
Ministry
Bringing Good News - supporting
the spread of the gospel, relieving
poverty and suffering
while encouranging
self sufficiency
Wycliffe Bible Transistors —donations
to support
bible translation
work
across Sub-Sahara
and Southern
Africa|123,164
140,772
5,000
6,000|57,679
118,049
5,000
6,000| |George Whitefield
College South Africa - support ofa Theological
College in South Africa training
Ministers
Stand By Me - towards work for children
worldwide
The Areopagus Trust- support ofChristian
Ministry
in completion
ofa
conference centre to train Christian
workers
for universities
and
colleges
Bridgend
Business Centre - support ofChristian
Ministry
in Romania
Agape Ministries - support of Christian
Ministry|102,000
5,180
2,000
2,400
6,100|102,000
5,180
2,000
2,400
1,200| |ST Ebbe's PCC - support ofChristian
Minister
in developing
international
gospel opportunities
Prodamation
Trust - support
of training
for Gospel
Ministry|10,000
36,000|10,000
36,000| |Stewardship
- donation
to charity to help fund the provision ofservices
to religious educational
establishments
Jubilee Centre - support ofChristian
Ministry|20,370|15,520
100| |Starlight Childrens
Foundation
- donation
to fund help for seriously
ill
children|1,000|| |Farleigh Hospice - to assist with funding
for hospice
Africa Inland
Mission International
-support
of Christian
Ministry
Chelmsford
Chess - donation
to relieve homelessness
and hardship|10,000
10,000|5,000| |Disasters Emergency
Committee - Coronavirus
Appeal
UCCF The Christian
Unions - charity supporting
students
Friends ofJohannesburg
Bible College - Christian
Ministry|10,000|10,000
2,000| |The Word One To One,The Rock Foundation —To provide extra staff
at Christian
Charity supporting
young
and old disadvantaged
people
SKE Foundation —to support a Christian
Ministers
son to attend school
Comhill Scotland - college training
in biblical expository
ministry|50,004
7,618
44,000|45,837
6,093| |Westminster @One - support of Christian
Ministry
in the City of
London|5,000|5,000| |Healthy
Living Project Umited - provision
of holistic care within
the
London Borough of Redbridge
The Field Lane Foundation - supports
highly vulnerable
people|1,500|2,000| |Great Ormond Street Hospital- fundraising
sponsorship|1,500|| |The George Muller Charitable
Trust - to support orphans ofthe world
today
Cleft - Improving
the lives ofthose born with cleft lip and palate|3,600
150|3,600
1,250| |Dolphin School Trust - Common
nurturing
children ages 2-11,
grounded
in Christian
values|5,000|4,808| |Ecfisa Trinity Church - makes the connection
between
donors with a
heart for South Africa|25,000|25,000| |Fair Havens Hospice - to assist with funding
for hospice||5,000| |Katie Piper Foundation
- support
survivors
of burns and people with
scars||30,000| |Kidz Klub Leeds - Work with children
in every aspect oftheir lives||| |across the most challenging
areas of Leeds||1,000| |Oak
Hill College - Prepare and train men and women for ministry
in
Anglican
and Independent
churches
Poole-Wau
Partnership
Charitable
Trust - support of Christian
Ministry
The Salvation Army- donation
to support the vunerable
at Christmas|3,575|30,000
7,450
5,000| ## ## |NOTES TO THE FINANCIAL STATEMENTS -continue
FOR THE YEAR ENDED 31 MARCH 2023|d|| |---|---|---| |GRANTS PAYABLE -continued
International
Presbyterian
Church - support of Christian
ministry
The Cruden
Trust - support of Christian
ministry|12,000
20,004|48,000
20,004| |Christian
Books Worldwide
- UK based charity dedicated to advancing
the knowledge
of God by providing
theological
literature
Helen Rollason Cancer Charity-
Dedicated to supporting
people whose
lives have been affected by cancer|12,000|13,000
500| |BRIGHT - Improving
the lives ofthose affected by gastro-intestinal,
liver and pancreatic cancers
AMiE - A fellowship
ofAnglican
churches
committed
to gospel mission|10,000|1,000
10,000| |Shift.ms - Social network for people with multiple
sclerosis, supporting
people with MS across the world
Alzheimer's
Research UK- Dedicated to causes, diagnosis,
prevention,
treatment
and cure ofAlzheimers
Christians
in Sport - UK based charity that aims to reach the world of
sport for Christ, working
with sportspeople
in competitive
and elite sport|100,000|1,000
100,000
10,000| |Lifelites - Enrich the lives ofchildren
and young people with life-limiting||| |and life-threatening
conditions
in children's
hospices through
the magic
of assistive technology||10,000| |St Barnabas
Bible Church - Provide training
to pastors to work for the
church across South Afdca||7,528| |George Whiteffeld
College - Ark Endowment
Fund to establish
a fund
to support the future training
ofChristian
Ministers
George Whiteffeld
College —Support of training
for Christian
Ministry|500,000
14,969|500,000
9,000| |Age Well East -work with the elderly to maintain
their independence
and provide crucial support
Beyond The Street - support and empowerment
for women|3,000
1,000|| |Challenge
Ministries
Swaziland
UK- food and water security
in
Eswatini for vulnerable
and orphaned
children|5,000|| |Eastside Community
Trust - supporting
vulnerable
and disadvantaged
children
and young people
Greenstead
Evangelical
Free Church - support for church
in Colchester
The Grammar
School at Leeds - nurturing
children ages 3-18|500
5,824
3,000|| |Word Alive - to assist with equipping
and resourcing
the church for
their mission to the world|22,937|| |Home for Good - supporhng
vulnerable
children
in care|3,000|| |Rainbow Trust Children's
Charity - provide emotional
suuport
to help||| |families|2,000|| |Prostrate Cancer UK - support towards prostate cancer research and
awareness|500|| |St Peter's Hospital - health
facility in Maldon|213|| |Just Giving - Help for Ukraine|1,000|| ||1,353,880|1,280,198| |The total grants paid to individuals
during the year was as follows:|2023|2022| ||f|F| |Religious
Education
Medical Welfare|75,155
2,769|8,000
25,513| |Social Welfare|39,671|32,600| ||117,595|66,113| ## |SUPPORT COSTS||||| |---|---|---|---|---| ||||Governance|| |||Management
6|costs
F|Totals
8| |Investment
management
costs
General charitable
work||5,050
34,989|4,690|5,050
39,679| |||40,039|4,690|44,729| |NET INCOME/(EXPENDITURE)||||| |Net income/(expenditure)
is|stated after charging/(crediting):|||| ||||2023|2022| |||||F| |Depreciation
- owned assets
Surplus on disposal offixed
Examiners'
fee - independent|assets
examination||10,925
(2,642)
4,690|9,288
(67,698)
4,590| ## ## ## ## ## ## ||||||2023|2022| |---|---|---|---|---|---|---| |No employees
received emoluments|||in excess ofF60,000.|||| |COMPARATIVES|FOR THE STATEMENT OF FINANCIAL|||ACTMTIES||| |||||Unrestricted|Restricted|Total| |||||fund
F|fund|fundsf| |INCOME AND ENDOWMENTS||FROM||||| |Charitable
activities||||||| |General charitable|work|||65,289||65,289| |Investment
income||||95,430||95,430| |Total||||160,719||160,719| |EXPENDITURE ON||||||| |Raising funds||||8,517||8,517| |Charitable
activities||||||| |General charitable|work|||18,984||18,984| ## ||NOTES TO THE FINANCIAL STATEMENTS -continued
FOR THE YEAR ENDED 31 MARCH 2023|NOTES TO THE FINANCIAL STATEMENTS -continued
FOR THE YEAR ENDED 31 MARCH 2023|NOTES TO THE FINANCIAL STATEMENTS -continued
FOR THE YEAR ENDED 31 MARCH 2023|NOTES TO THE FINANCIAL STATEMENTS -continued
FOR THE YEAR ENDED 31 MARCH 2023|| |---|---|---|---|---|---| |12.|COMPARATIVES FOR THE STATEMEN'T OF FINANCIAL ACTIVITIES -continued
Unrestricted
Restricted||||Total| ||||fund|fund|funds| ||||6|6|6| ||Religious education
Social welfare
Medical welfare||1,129,448
38,600
178,263||1,129,448
38,600
178,283| ||Total||1,373,812||1,373,812| ||Net gains on investments||730,555||730,555| ||NET INCOMEI(EXPENDITURE)||(482,538)||(482,538)| ||RECONCILIATION
Total funds brought|OF FUNDS
forward|12,575,094|139,557|12,714,651| ||TOTAL FUNDS CARRIED FORWARD||12,092,556|139,557|12,232,113| |13.|TANGIBLE FIXED|ASSETS|||| |||||Fixtures|| ||||Freehold|and|| ||||property
f|fittings
F|Totals
6| ||COS'T||||| ||At 1 April 2022
Additions||3,889,275
401,203|27,865
9,696|3,917,140
410,899| ||Disposals||(396,239)||(396,239)| ||At 31 March 2023||3,894,239|37 561|3931800| ||DEPRECIATION||||| ||At 1 April 2022
Charge for year|||16,401
10,925|16,401
10,925| ||At 31 March 2023|||27,326|27,326| ||NET BOOK VALUE
At 31 March 2023||3,894,239|10,235|3,904,474| ||At 31 March 2022||3,889,275|11,484|3,900,739| ## ## ## |FIXEDASSETINVESTMEN'TS||| |---|---|---| |||Listed| |||investments| |||6| |MARKET VALUE
At 1 April 2022
Additions
Disposals
Unrealised
gains/(losses)||3,996,385
737,370
(3,937,208)
(202,581)| |At 31 March 2023||593,966| |NE'T BOOK VALUE
At 31 March 2023||593,966| |At 31 March 2022||3,996,385| |Listed investments:||| |||6| |North American
equities||593,966| |||593,966| |Investments
that are material|in the context ofthe|market value of the portfolio are listed below:
2023| |||6| |North American
equities:
Newmont
Mining Corp||593,966| |Cost or valuation
at 31 March|2023 is represented|b)r.| ||||||Listed| |---|---|---|---|---|---| ||||||investments| ||||||8| ||Valuation|in 2023|||(7,544)| ||Cost||||601,510| ||||||593,966| |15.|DEBTORS||||| |||||2023|2022| |||||F|6| ||Amounts
falling due within one year:
Other debtors|||256,747|149,000| ||Prepayments||and accrued income|3,590|8,889| |||||260,337|157,889| ## ## ## |DEBTORS-continued||| |---|---|---| ||2023|2022| ||6|E| |Amounts
falling due after more than one year:
Other debtors|100,000|356,747| ||360337|514636| ## ## ## |CREDITORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR||| |---|---|---|---| |||2023|2022| |||F|F„| |VAT
Accrued expenses||99
6,347|130
6,484| |||6,446|6,614| ## |MOVEM|ENT|IN FUNDS|||| |---|---|---|---|---|---| |||||Net|| |||||movement|At| ||||At 1.4.22|in funds|31.3.23| ||||||6| |Unrestricted||funds|||| |General|fund||12,092,556|(1,805,123)|10,287,433| |Restricted funds|||||| |Restricted funds|||139,557||139,557| |TOTAL|FUNDS||12,232,113|(1,805, 123)|10,426,990| ## |Net mov|ement|in funds,
included|in the above are as follo|ws:||| |---|---|---|---|---|---|---| ||||Incoming|Resources|Gains and|Movement| ||||resources
f|expended
F|losses|in funds
6| |Unrestricted||funds||||| |General|fund||188,102|(1,528,807)|(464,418)|(1,805,123)| |TOTAL|FUNDS||188,102|(1,528,807)|(464,418)|(1,805,123)| ## ## ## |Comparatlves
for movement
In funds|||| |---|---|---|---| |||Net|| |||movement|At| ||At 1.4.21|in funds|31.3.22| ||6|6|F| |Unrestricted
funds
General fund|12,575,094|(482,538)|12,092,556| |Restricted funds
Restricted funds|139,557||139,557| |TOTALFUNDS|12,714,651|(482,538)|12,232,113| ## |Comparative|net movement
in fu|nds,
included
in the abov|e are as follows:||| |---|---|---|---|---|---| |||Incoming|Resources|Gains and|Movement| |||resources|expended|losses|in funds| |||6|6|6|8| |Unrestricted|funds||||| |General fund||160,719|(1,373,812)|730,555|(482,538)| |T'OTAL FUNDS||160,719|(1,373,812)|730,555|(482,538)| |A curren|t yea|r 12months
and prior year|12months
combined
position
is|as follows:|| |---|---|---|---|---|---| |||||Net|| |||||movement|At| ||||At 1.4.21|in funds|31.3.23| ||||6|F|6| |Unrestricted||funds|||| |General|fund||12,575,094|(2,287,661)|10,287,433| |Restricted funds|||||| |Restricted funds|||139,557||139,557| |TOTAL|FUNDS||12,714,651|(2,287,661)|10,426,990| |above a|re as|follows;||||| |---|---|---|---|---|---|---| ||||Incoming|Resources|Gains and|Movement| ||||resources
6|expended
6|losses
F|in funds
6| |Unrestricted||funds||||| |General|fund||348,821|(2,902,619)|266,137|(2,287,661)| |TOTAL|FUNDS||348,821|(2,902,619)|266,137|(2,287,661)| ## ## ## ## ##