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2020-12-31-accounts

Charity Registration No. 1144580

Company Registration No. 07579296 (England and Wales)

THE HENRY MARTYN TRUST

A CHARITABLE COMPANY LIMITED BY GUARANTEE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

THE HENRY MARTYN TRUST A CHARITABLE COMPANY LIMITED BY GUARANTEE LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Canon Sarah Snyder (Appointed 4 February 2020) Mr Jonathan Giles Mr Andrew Keiller The Rev'd Dr Philip Knights Dr Onesimus Ngundu Mr Nicholas Raymont Charity number 1144580 Company number 07579296 Principal address Cambridge Centre for Christianity Worldwide Westminster College Madingley Road Cambridge CB3 0AA Registered office Cambridge Centre for Christianity Worldwide Westminster College Madingley Road Cambridge CB3 0AA Independent examiner Carolyn Rossiter Rutland House Minerva Business Park Lynch Wood Peterborough PE2 6PZ

THE HENRY MARTYN TRUST A CHARITABLE COMPANY LIMITED BY GUARANTEE CONTENTS

Page
Trustees' report 1 - 5
Independent examiner's report 6
Statement of financial activities 7 - 8
Balance sheet 9
Notes to the financial statements 10 - 20

THE HENRY MARTYN TRUST A CHARITABLE COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees (who are Directors for the purposes of company law) present their report and accounts for the year ended 31 December 2020.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)”

Objectives and activities

The charity performs its operations under the name of Cambridge Centre for Christianity Worldwide.

The charity's objects are to advance the Christian faith, and to advance education in the Christian faith for the benefit of the public, and to promote the understanding of and engagement with Christian mission and world Christianity, in particular but not exclusively, in the universities of Cambridge.

The trustees have paid due regard to guidance issued by the Charity Commission regarding public benefit and in deciding what activities the charity should undertake.

THE HENRY MARTYN TRUST A CHARITABLE COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2020

Achievements and performance

This year was marked by the many challenges of the Covid pandemic, which required closure of the Centre office and library, and furloughing of the staff team. The Centre Administrator returned to work in the Autumn, and an Intercultural Encounter Co-ordinator, Dr Jenny Leith, was appointed after the planned summer departure of the previous Co-ordinator. Enormous gratitude was expressed to Dr Marietta van der Tol for the many ways in which she so ably supported CCCW. Covid restrictions suspended the Encounter scheme this year, so Dr Leith supported student teaching and administration.

Up until furlough, the Director of CCCW, Dr Muthuraj Swamy, continued to raise the profile of the Centre, introducing speakers and colleagues from across the global South. He jointly edited the Pre-Lambeth 2020 volumes series published by the Anglican Communion Office in the UK and The Forward Movement in the USA. The third volume in the series, Listening Together, was published in March 2020. The books support Anglican Bishops and churches worldwide to prepare for the 2022 Lambeth Conference. Dr Swamy was also the principal investigator in a project undertaken by CCCW and Tearfund to study how local churches respond to major conflicts in their regions. The project was successfully completed in September 2019 and a research report launched in Cambridge in February 2020, with a discussion panel of experts hosted by St Andrews University in March 2020.

CCCW maintains a close relationship with the Faculty of Divinity in Cambridge University, Anglia Ruskin University, and the Cambridge Theological Federation, primarily through lecturing and supervision of students. In 2020 these included an undergraduate course on World Christianities, and two postgraduate modules, Theology and Practice of Mission and Development of World Christianity. CCCW also supports the Cambridge Theological Federation and Anglia Ruskin University in recruiting research degree students. In September 2020 CCCW joined the Federation as a full member, (having previously held Associate membership) and hopes to increase its student numbers in the years ahead.

Seminars on World Christianity, which are organised together with the Department of World Christianity in the Faculty of Divinity, continue to be offered each term, with encouraging numbers attending on zoom.

The Library, with more than 10,000 volumes of books and journals focusing on the subject area of World Christianity, has sadly been closed since the onset of Covid. It will re-open as soon as regulations allow, and usually attracts researchers from around the world with an interest in World Christianity and theology in Cambridge. Likewise, the Archive continues to receive accessions, and the collections are catalogued on the CCCW website.

Dr Eeva-Maria John began the year as Interim Chair, handing over responsibility to Canon Sarah Snyder, following the AGM in January 2020. Apart from personal connections with the Trust dating back to her time as a student in Cambridge, Sarah brings a wealth of wisdom and experience from her roles as the Archbishop of Canterbury’s Special Adviser for Reconciliation Programmes and Resources, and as Founding Director of the Rose Castle Foundation.

Looking ahead, 2021 marks 25 years since the Centre was established, and 140 years of the Henry Martyn Trust. Plans are underway to celebrate the Centre’s Silver Jubilee with a Lecture series throughout the year featuring scholars from diverse world contexts and denominational backgrounds. Additional plans include a Silver Jubilee commemorative volume on the theme Connecting Christianities, written by 25 friends of the Centre from diverse backgrounds, and a History of CCCW written by the Director together with a former Director and CCCW Research Associate.

Despite the many challenges of this year, the staff, trustees and supporters of CCCW continued to share their extraordinary talents and show outstanding commitment to the vision and mission of the Trust. We are immensely grateful to them all.

At the AGM in January 2021, the trustees said farewell to former Chair, Dr Roger Bowen, and the CCCW Administrator, Polly Keen – both sorely missed. Heartfelt gratitude was expressed to both for their long and loyal service to CCCW.

THE HENRY MARTYN TRUST A CHARITABLE COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2020

Financial review

The overall financial strategy of the Henry Martyn Trust is to use the income arising from its reserves to support the Trust’s charitable objects. In that context the Trust seeks to maintain its capital balances by setting expenditure budgets as close as possible to the available expected income. The main financial objective for the Director is to increase the income derived from teaching and research projects. The Trust (operating as the Cambridge Centre for Christianity Worldwide) is able to offer students the opportunity to study for degrees with the University of Cambridge and Anglia Ruskin University through its associate membership of the Cambridge Theological Federation.

The year was very challenging for the Trust: like other houses within the Federation, we were not able to continue face to face teaching during the periods of lockdown. An additional issue for us was that the tenant of the shop, from which the Trust derives around 80% of its investment income, stopped paying rent from April 2020. It has been a priority for the Trust not to draw on the capital from which our major source of income derives. To have continued operating normally during lockdowns whose duration could not be predicted (albeit with staff working from home) would have depleted cash resources rapidly. While there was no risk of running out of cash during the year, the trustees took the prudent course of furloughing the staff team. The trustees are grateful both for the way in which the team responded to this requirement and for the government grants which protected the organisation through this period. I am pleased to report that the tenant, which was able to continue trading online rather than through their shops, has now repaid the amount owing without the Trust having to resort to formal legal action.

Although the accounts show a surplus of £4 5 ,5 28 for the year ended 31 December 2020, £78, 188 of this relates to the rental income which was unpaid at the year end. I am pleased to report that these rent arrears have subsequently been recovered.

While the pandemic disrupted the planned programmes, it has also forced a change which has created new opportunities as we have had to adapt by substituting Zoom for face to face contact. One of the major challenges given our focus on world Christianity has been to connect with people across the world. Where previously we were looking at how we could bring students to Cambridge, it has now become normal to bring people from around the world together on one screen. This was the context in which we decided to take an opportunity which was offered in September to become a full member of the Federation. This means that the Trust is able to receive income from teaching students registered on courses validated by Anglia Ruskin University whereas previously we contributed to the teaching but received no income.

At the Annual General Meeting in January 2021, the Trustees confirmed their previous policy that capital will not be drawn down from the Trust’s income producing investments unless it is integral to investment in a project, approved by the t rustees, which will generate more income for the Centre.

The t rustees confirmed that they wish to retain cash reserves adequate to cover one year’s operating costs.

The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

THE HENRY MARTYN TRUST A CHARITABLE COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2020

Structure, governance and management

The Henry Martyn Trust has its origins as an Appeal for Public Subscription launched in 1881 in memory of Rev’d Henry Martyn, born 1781 died 1812. The formation of the Trust was evidenced by a Declaration of Trust made on 25 October 1887. The Trust arrangements were reorganised on 25 May 1934 by a Scheme of the Charity Commissioners and, again, on 25 March 2011, the latter date being the date of the establishment of the Charitable Company Limited by Guarantee. The intention of the Trustees is for the aims and objectives of the Trust, as currently constituted, to be true to the declarations made in the 1887 Deed.

The Charity is registered by the Charity Commissioners in England and Wales as The Henry Martyn Trust under the number 1144580 and by the Registrar of Companies under the number 07579296.

The trustees, who are also the directors for the purpose of company law, and who served during the year were:

Canon Sarah Snyder (Appointed 4 February 2020) The Rev'd Roger Bowen (Resigned 27 January 2021) Mr Jonathan Giles Mr Andrew Keiller The Rev'd Dr Philip Knights Dr Onesimus Ngundu Mr Nicholas Raymont Dr Eeva-Maria John (Resigned 4 February 2020)

(Appointed 4 February 2020) (Resigned 27 January 2021)

Trustees, other than the ex-officio Trustees, are appointed for a three-year term. The power to appoint and remove Trustees, other than the ex-officio Trustees, is vested with the Trustees.

Under the terms of the Charity Commission Scheme of 25 May 1934 (as amended on 23 April 2008), the Trust has two ex-officio Trustees and seven ‘co optative’ Trustees. Officers are appointed by the Trustees.

All current Trustees have had, prior to appointment, previous experience of serving as a trustee of a charity, so that the provision of an up to date briefing document, such as Good Governance, issued by the National Hub of Expertise in Governance, is considered sufficient for briefing purposes. The Chairman has a long experience of Mission, which forms a central purpose of the Trust; One Trustee is a chartered accountant and has legal experience.

The operation of the Charity is governed by its Trust Deeds, which are reflected in the corporate Memorandum and Articles of Association of the Charitable Company, being a company limited by guarantee. The charitable status is registered with the Charity Commission and recognised by HM Revenue and Customs. Since the charity only uses its funds for charitable purposes no taxation is payable on income or gains.

Responsibility for the Charity and its finances rests with the Trustees. Mr Jonathan Giles is Honorary Treasurer. The Director is responsible for the day to day operations of the Trust.

THE HENRY MARTYN TRUST A CHARITABLE COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2020

Statement of trustees' responsibilities

The trustees, who are also the directors of The Henry Martyn Trust for the purpose of company law, are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Financial Reporting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these accounts, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees' r eport was approved by the Board of Trustees and has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within part 15 of the Companies Act 2006.

Canon Sarah Snyder Chair of Trustees Dated: 22 August 2021

Mr Jonathan Giles Trustee Dated:19 July 2021

THE HENRY MARTYN TRUST A CHARITABLE COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HENRY MARTYN TRUST

I report to the trustees on my examination of the financial statements of The Henry Martyn Trust (the charity) for the year ended 31 December 2020.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Carolyn Rossiter

Rutland House Minerva Business Park Lynch Wood Peterborough PE2 6PZ

Dated: 7 September 2021

THE HENRY MARTYN TRUST A CHARITABLE COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2020

Unrestricted
Restricted Endowment
funds
funds
funds
2020
2020
2020
Notes
£
£
£
Income and endowments from:
Donations , gifts and grants
3
1,410
35,595
-
Charitable activities
Misc income
4
5,254
-
-
Investments
5
124,986
-
-
Other income
6
188
-
-
Total income
131,838
35,595
-
Expenditure on:
Charitable activities
7
86,228
35,595
-
Other expenditure
11
82
-
-
Total resources expended
86,310
35,595
-
Net income for the year/
Net movement in funds
45,528
-
-		 TotalUnrestricted
Restricted Endowment
funds
funds
funds
2020
2019
2019
2019
£
£
£
£
37,005
1,205
23,618
-
5,254
6,961
-
-
124,986
124,842
-
-
188
-
-
-
167,433
133,008
23,618
-
121,823
123,966
23,618
-
82
129
-
-
121,905
124,095
23,618
-
45,528
8,913
-
-		 Total
2019
£
24,823
6,961
124,842
-
156,626
147,584
129
147,713
8,913

THE HENRY MARTYN TRUST A CHARITABLE COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2020

Net income for the year/
Net movement in funds
Fund balances at 1 January 2020
Fund balances at 31 December 2020		 45,528
702,675
748,203		 -
-
-		 -
68,747
68,747		 45,528
771,422
816,950		 8,913
693,762
702,675		 -
-
-		 -
68,747
68,747		 8,913
762,509
771,422

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

THE HENRY MARTYN TRUST A CHARITABLE COMPANY LIMITED BY GUARANTEE BALANCE SHEET

AS AT 31 DECEMBER 2020

Notes
Fixed assets
Tangible assets
12
Investments
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within
one year
15
Net current assets
Total assets less current liabilities
Capital funds
Endowment funds - general
Income funds
Unrestricted funds		 2020
£
79,539
178,897
258,436
(14,233)		 £
122,747
450,000
572,747
244,203
816,950
68,747
748,203
816,950		 2019
£
1,350
213,009
214,359
(18,684)		 £
125,747
450,000
575,747
195,675
771,422
68,747
702,675
771,422

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2020.

The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 19 July 2021

Canon Sarah Snyder Trustee

Mr Jonathan Giles Trustee

Company Registration No. 07579296

THE HENRY MARTYN TRUST A CHARITABLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

Charity information

The Henry Martyn Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is Cambridge Centre for Christianity Worldwide, Westminster College, Madingley Road, Cambridge, CB3 0AA.

1.1 Accounting convention

The accounts have been prepared in accordance with the charity's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling , which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.

The principal accounting policies adopted are set out below.

1.2 Going concern

The Coronavirus pandemic had a reasonably big impact on the charity effecting it's income in donations and rental income. With help from the Government Coronavirus schemes, including the Coronavirus Job Retention Scheme the charity has been able to continue through the pandemic and secure it's short term viability. At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met . Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable . A grant received before the recognition criteria are satisfied is recognised as a liability.

THE HENRY MARTYN TRUST A CHARITABLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

(Continued)

Rent receivable is treated as income in the period the event took place. Income relating to future years is treated as deferred income.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

1.5 Resources expended

Resources expended are accounted for on an accruals basis. Expenditure is apportioned between activities on the basis of its purpose, and shown in the appropriate category, unless it is immaterial in the context of these accounts.

Grants payable are treated as resources expended when there is an obligation to transfer funds. Costs in relation to the administration of the charity are allocated to governance costs.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bas i s:

Land and buildings

Lease premium - straight line over 25 year lease period

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

Land and buildings have been capitalised at cost. The estimated market values are significantly in excess of cost and therefore the properties are not depreciated as any depreciation would be immaterial.

1.7 Fixed asset investments

Investments which have been classified as Fixed Assets are included at cost. This is a departure from the requirements of FRS 102 , "Accounting and Reporting by Charities", but in the opinion of the Directors is required in order for the accounts to give a true and fair view.

Subject to this departure, the accounts have complied with accounting standards and applicable legislation.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

THE HENRY MARTYN TRUST A CHARITABLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Leases

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

1.13 Voluntarily designated and restricted funds of the charity

a) Maintenance fund

The trustees have set aside a sum specifically for the maintenance of the Henry Martyn Hall

b) Archive fund

Funds are used to catalogue, maintain and present documents owned by the trust.

c) Heritage lottery grant

A grant was received from the Heritage Lottery Fund so it could make further accessible its resources to schools and community groups. This award was made to celebrate Cambridge's tradition of service overseas through sound archives, an audio tour and workshops.

d) Encounter fund

The Encounter Scheme provide bursaries for people wishing to gain intercultural experience in the UK and abroad

e) Lecture fund

Grants received towards the cost of putting on lectures to advance the knowledge of Christianity.

THE HENRY MARTYN TRUST A CHARITABLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations , gifts and grants

Unrestricted
Restricted
funds
funds
2020
2020
£
£
Donations and gifts
1,410
-
Coronavirus Grants
-
35,595
1,410
35,595		 TotalUnrestricted
Restricted
funds
funds
2020
2019
2019
£
£
£
1,410
1,205
23,618
35,595
-
-
37,005
1,205
23,618		 Total
2019
£
24,823
-
24,823

4 Charitable activities

Misc Misc
income income
2020 2019
£ £
Teaching income 1,288 400
Other income 3,966 6,561
5,254 6,961

THE HENRY MARTYN TRUST A CHARITABLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

5 Investments

Unrestricted Unrestricted
funds funds
2020 2019
£ £
Rental income 104,250 104,250
Income from listed investments 20,686 20,498
Interest receivable 50 94
124,986 124,842
Other income
Unrestricted Total
funds
2020 2019
£ £
Royalties 188 -

6 Other income

THE HENRY MARTYN TRUST A CHARITABLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

7 Charitable activities

Cambridge
Centre for
Christianity
Worldwide
Henry
Martyn Hall
£
£
Staff costs
66,376
-
Depreciation and impairment
3,000
-
CTF membership and fees
5,745
-
Sundries
1,109
-
Printing, postage and telephone
90
-
Rent and tenancy costs
35,893
-
Library
2,970
-
Repairs and maintenance
-
195
Director's activities including events, lectures and
seminars
2,647
-
Publicity and promotion (including website
redesign)
1,476
-
Research Assistant
-
-
119,306
195
Grant funding of activities (see note 8)
-
-
Share of governance costs (see note 9)
2,322
-
121,628
195
Analysis by fund
Unrestricted funds
86,033
195
Restricted funds
35,595
-
121,628
195
For the year ended 31 December 2019
Unrestricted funds
123,450
516
Restricted funds
23,618
-
147,068
516		 Total
2020
£
66,376
3,000
5,745
1,109
90
35,893
2,970
195
2,647
1,476
-
119,501
-
2,322
121,823
86,228
35,595
121,823		 Total
2019
£
66,460
3,000
5,531
3,236
394
33,276
4,949
516
3,271
4,349
15,605
140,587
5,000
1,997
147,584
123,966
23,618
147,584

THE HENRY MARTYN TRUST A CHARITABLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

8 Grants payable

Cambridge
Centre for
Christianity
Worldwide
2019
£
Grants to institutions:
Grants to individuals 5,000
5,000

Bursaries are awarded to enable beneficiaries to gain experience of Christianity in a cultural environment different from their own, in the conviction that such broadening of the horizons will be of value to the beneficiary's personal development. We find our bursaries also benefit both the sending and receiving communities.

9 Support costs

Support
costs
Governance
costs
£
£
External scrutiny of accounts.
-
1,500
Other accountancy costs
-
822
-
2,322
Analysed as
Charitable activities
-
2,322		 2020
£
1,500
822
2,322
2,322		 2019
£
1,200
797
1,997
1,997

THE HENRY MARTYN TRUST A CHARITABLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

10 Employees

Number of employees

The average monthly number of employees during the year was:

2020 2019
Number Number
Staff 5 4
Employment costs 2020 2019
£ £
Wages and salaries 59,233 56,645
Social security costs 3,282 3,453
Directors pension costs 3,142 5,525
Other pension costs 719 837
66,376 66,460

There were no employees whose annual remuneration was £60,000 or more.

11 Other expenditure

2020 2019
£ £
Financing costs 82 129

THE HENRY MARTYN TRUST A CHARITABLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

12 Tangible fixed assets

Land and
Cost
At 1 January 2020
At 31 December 2020
Depreciation and impairment
At 1 January 2020
Depreciation charged in the year
At 31 December 2020
Carrying amount
At 31 December 2020
At 31 December 2019		 buildings
£
143,747
143,747
18,000
3,000
21,000
122,747
125,747

13 Fixed asset investments

Listed
investments
£
Cost or valuation
At 1 January 2020 & 31 December 2020 450,000
Carrying amount
At 31 December 2020 450,000
At 31 December 2019 450,000

At the year end the investment was valued at £771,207. There were no additions or disposals in the year.

14 Debtors

Debtors
2020 2019
Amounts falling due within one year: £ £
Other debtors 79,539 1,350

THE HENRY MARTYN TRUST A CHARITABLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

15 Creditors: amounts falling due within one year

2020
£
Other creditors
5,853
Accruals and deferred income
8,380
14,233
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
Capital funds
£
£
£
Fund balances at 31 December 2020 are
represented by:
Tangible assets
54,000
-
68,747
Investments
450,000
-
-
Current assets/(liabilities)
244,203
-
-
748,203
-
68,747		 2019
£
10,484
8,200
18,684
Total
£
122,747
450,000
244,203
816,950

16 Analysis of net assets between funds

17 Operating lease commitments Lessee

The annual rent for the Centre was due for review at the end of September 2019. The review is still being negotiated, delayed in part by the Covid19 lockdown. Once the negotiations are complete the minimum lease commitments will be updated to reflect any revisions . At this time they reflect the commitments prior to the conclusion of this review.

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years
In over five years		 2020
£
22,819
91,276
319,424
433,519		 2019
£
22,819
91,276
342,240
456,335

Lessor

The operating lease represent s a lease for the renting of the premises to a third part y . The lease has been negotiated over a term of 10 years , over which time the rentals are fixed . All leases include a provision for five-yearly upward rent reviews according to prevailing market conditions. There are no options in place for either party to extend the lease terms.

At the reporting end date the charity had contracted with tenants for the following minimum lease payments:

THE HENRY MARTYN TRUST A CHARITABLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

17
Operating lease commitments
Within one year
Between two and five years		 (Continued)
2020
2019
£
£
104,250
104,250
78,188
182,438
182,438
286,688

18 Related party transactions

Remuneration of key management personnel

The remuneration of the director, who constitutes the key management personnel, is as follows.

2020 2019
£ £
Aggregate compensation 31,702 33,711

19 Controlling party

The Trust is controlled by its Trustees, and by no other party.