REGISTERED CHARITY NUMBER: 1160736
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
FOR
CHRISTIAN HERITAGE LONDON
Staffords Chartered Accountants Unit 1, Cambridge House Camboro Business Park Oakington Road, Girton CAMBRIDGE Cambridgeshire CB3 0QH
CHRISTIAN HERITAGE LONDON
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
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Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 13
Detailed Statement of Financial Activities 14 to 15
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CHRISTIAN HERITAGE LONDON
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES
Mission statement
The Mission of Christian Heritage London is to recover the constructive influences of Christianity from the past; to challenge the empty secular view at present and to help shape the worldview of the next generation. Another goal is to contribute to the cultural intellectual and spiritual formation of both visiting Christians and non-Christians through our events, tours and guided-walks.
Our Aims
The aim is to educate, enthuse and inspire renewed appreciation of the impact of Christianity in our culture and around the world; to inspire participants to consider the claims of Christ and to generate resources to support the apologetics ministries by inviting those on tours to join the growing number of those praying for and supporting the work financially.
Our objectives
The objectives of the Charity are to establish a Christian Heritage Centre demonstrating how Christianity has shaped modern society, to offer Christian Heritage guided-walks, to host lectures and discussions on Apologetics and Christian heritage and to conduct Christian heritage guided tours of the UK and in continental Europe.
Significant activities
Christian Heritage London is more than just a tourist hub. It is where we seek to demonstrate to local and international visitors that Christianity is rooted in history, that it is true and offers hope to a sceptical world. London has a rich history which is a powerful apologetic for the positive impact of Christianity. There was therefore a great opportunity for Christian leadership to articulate the vitality and worth of Christianity as a force to counter the current worrying trends of Western civilization. It is this conviction that has been central to the vision behind our leadership team’s approach.
The past three years have been like no other where our work has been enormously challenged by the effects of the recent pandemic which has crippled the work of so many other Charities. We have however been greatly blessed,particularly since the first quarter of this year to have attracted more local andinternational visitors on our many London guided-walks ( including the British Museum) than we have ever had since the establishment of this Charity.
Our international tours offered to Christian Schools, Universities and Churches worldwide have been well received this year and we continue to plan for numerous others in the new year. The number of our followers on the Christian Heritage London platforms and Twitter Accounts that we run for George Whitfield.Jonathan Edwards, William Wilberforce and others, continue to exceed 30,000.
Our purpose and objectives of this Charity remain to:
- a. Recover the constructive influences of Christianity from the past.
b. Challenge the empty secular worldview at present.
- c. Help shape the Christian worldview of the next generation.
Page 1
CHRISTIAN HERITAGE LONDON
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
OBJECTIVES AND ACTIVITIES
Public benefit
The Trustees have considered the Charity Commission's general guidance on public benefit and in particular, its supplementary guidance on the advancement of religion for the public benefit.
The charity exists to advance Christianity by drawing attention to the Gospel of Jesus Christ, to equip churches and to serve the purposes of God in this generation. It offers the general public, both Christian and non-Christian, a window on the way Christianity has helped to shape and contribute to the development of Western civilization. serving the regular influx of visitors to London and Europe by offering tours.
Volunteers
Two Volunteers are assisting at present and a third has helped on a limited number of occasions when needed. Total number of volunteer hours is approximately 40 hours per week.
FINANCIAL REVIEW
Financial position
The charity saw an increase in the income from tours during the year to £66,030 (2021: £4,074),
There has been a decrease in income from donations to £18,183 (2021: £30,025),
Total expenditure in the year has increased to £113,551 (2021: £36,529), however a significant proportion of this expenditure is attributable to the costs of running tours, the income for which has also increased. The cost of tours in the year was £62,613 (2021: £127). Non-tour related costs have increased to £50,938 (2021: £36,402).
Reserves policy
There is currently no reserves policy in place, but the Trustees plan to have one established.
FUTURE PLANS
The Trustees are looking forward to a continual increase in the number of guided walks around London, as the UK and the world begin to recover from the Covid Pandemic.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is a Charitable Incorporated Organisation which was registered on 3 March 2015 and amended on 21 August 2015.
Recruitment and appointment of new trustees
Trustees have been recruited from the Christian Community who have a particular interest in preserving and expanding the role of Christianity in society.
Organisational structure
Six trustees have been appointed. The Trustees endeavour to meet quarterly to monitor the activities of the Charity.
Induction and training of new trustees
As the appointed trustees are typically seasoned Academics or Ministers of Religion, there has been no need to offer any further training.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The trustees consider that the principal risk would be that of International Terrorism in Europe, and the risk levels perceived by the US State Department, that could negatively impact the number of visitors to the Centre and tours being undertaken.
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CHRISTIAN HERITAGE LONDON
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1160736
Principal address 33 Upper Meadow Hedgerley Lane GERRARDS CROSS Buckinghamshire SL9 7EY
Trustees Dr K G Brownell Sir C J Hoare Bt G W Thames P Greyling Prof A N S Lane Rev D M Wells
Independent Examiner Staffords Chartered Accountants Unit 1, Cambridge House Camboro Business Park Oakington Road, Girton CAMBRIDGE Cambridgeshire CB3 0QH Bankers Barclays Bank PLC HOLBORN Leicester Leicestershire LE87 2BB
Solicitors
Pothecary Witham Weld Solicitors 70 St. George's Square LONDON SW1V 3RD
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.................................................................... P Greyling - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHRISTIAN HERITAGE LONDON
Independent examiner's report to the trustees of Christian Heritage London
I report to the charity trustees on my examination of the accounts of Christian Heritage London (the Trust) for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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 accounts to be reached.
Matthew Pettifer FCA Staffords Chartered Accountants Unit 1, Cambridge House Camboro Business Park Oakington Road, Girton CAMBRIDGE Cambridgeshire CB3 0QH
Date: .............................................
Page 4
CHRISTIAN HERITAGE LONDON
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 28,122 Charitable activities Tours and presentations 66,030 Investment income 4 1 Total 94,153 EXPENDITURE ON Charitable activities Tours and presentations 113,551 NET INCOME/(EXPENDITURE) (19,398) RECONCILIATION OF FUNDS Total funds brought forward 54,517 TOTAL FUNDS CARRIED FORWARD 35,119 |
Restricted funds £ - - - - - - - - |
2022 Total funds £ 28,122 66,030 1 94,153 113,551 (19,398) 54,517 35,119 |
2021 Total funds £ 49,697 4,074 13 |
|---|---|---|---|
| 53,784 | |||
| 36,529 | |||
| 17,255 37,262 |
|||
| 54,517 |
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 5
CHRISTIAN HERITAGE LONDON
BALANCE SHEET 31 MARCH 2022
| Unrestricted Restricted fund funds Notes £ £ FIXED ASSETS Tangible assets 9 2,865 - CURRENT ASSETS Debtors 10 100 - Cash at bank 41,865 - 41,965 - CREDITORS Amounts falling due within one year 11 (9,711) - NET CURRENT ASSETS 32,254 - TOTAL ASSETS LESS CURRENT LIABILITIES 35,119 - NET ASSETS 35,119 - FUNDS 12 Unrestricted funds TOTAL FUNDS |
2022 Total funds £ 2,865 100 41,865 41,965 (9,711) 32,254 35,119 35,119 35,119 35,119 |
2021 Total funds £ 4,068 3,876 56,962 60,838 (10,389) 50,449 54,517 54,517 54,517 54,517 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. P Greyling - Trustee
The notes form part of these financial statements
Page 6
CHRISTIAN HERITAGE LONDON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. LEGAL FORM
Christian Heritage London is a Charitable Incorporated Organisation which was registered on 3 March 2015 and amended on 21 August 2015 (registration number 1160736).
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Going Concern
The accounts have been prepared on the Going Concern Basis. The charity was heavily dependent on relatively few funders which stopped providing funding in 2016. The Trustees have secured a different source of income, concentrating more on tours. The Trustees have prepared forecasts for the period of 12 months from the date of approval of the Financial Statements and continue to review budgets on a regular basis and are confident that the charity will have sufficient cash to continue in business for this period and therefore that the Going Concern Basis of preparation is appropriate.
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost Computer equipment - 25% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
continued...
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CHRISTIAN HERITAGE LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
2. ACCOUNTING POLICIES - continued
Fund accounting
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments.
Creditors
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third part and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Pension costs
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
3. DONATIONS AND LEGACIES
| Donations: general Grants Grants received, included in the above, are as follows: COVID Job Retention Scheme |
2022 £ 18,183 9,939 28,122 2022 £ 9,939 |
2021 £ 30,025 19,672 |
|---|---|---|
| 49,697 | ||
| 2021 £ 19,672 |
continued...
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CHRISTIAN HERITAGE LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
4. INVESTMENT INCOME
| INVESTMENT INCOME | INVESTMENT INCOME | |||||
|---|---|---|---|---|---|---|
| Deposit account interest SUPPORT COSTS Finance £ Tours and presentations 49 |
Other £ 2,242 |
2022 £ 1 Governance costs £ 3,504 |
2021 £ 13 Totals £ 5,795 |
|||
| 2020 | 2019 | |||||
| Governance | Governance | |||||
| costs | costs | |||||
| £ | £ | |||||
| Tours and presentations | 3,782 | 3,862 | ||||
5. SUPPORT COSTS
6. TRUSTEES' REMUNERATION AND BENEFITS
There was no trustees or key management personnel compensation in the year.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
7. STAFF COSTS
| Wages and salaries Other pension costs The average monthly number of employees during the year was as follows: Guides |
2022 £ 32,954 754 33,708 2022 1 |
2021 £ 27,712 658 |
|---|---|---|
| 28,370 | ||
| 2021 1 |
No employees received emoluments in excess of £60,000.
continued...
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CHRISTIAN HERITAGE LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
| 8. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | funds | funds | |||
| £ | £ | £ | |||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 49,697 | - | 49,697 | ||
| Charitable activities | |||||
| Tours and presentations | 4,074 | - | 4,074 | ||
| Investment income | 13 | - | 13 | ||
| Total | 53,784 | - | 53,784 | ||
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Tours and presentations | 36,529 | - | 36,529 | ||
| NET INCOME | 17,255 | - | 17,255 | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 37,262 | - | 37,262 | ||
| TOTAL FUNDS CARRIED FORWARD | 54,517 | - | 54,517 | ||
| 9. | TANGIBLE FIXED ASSETS | ||||
| Fixtures | |||||
| and | Computer | ||||
| fittings | equipment | Totals | |||
| £ | £ | £ | |||
| COST | |||||
| At 1 April 2021 and 31 March 2022 | 3,580 | 7,770 | 11,350 | ||
| DEPRECIATION | |||||
| At 1 April 2021 | 3,581 | 3,701 | 7,282 | ||
| Charge for year | - | 1,203 | 1,203 | ||
| At 31 March 2022 | 3,581 | 4,904 | 8,485 | ||
| NET BOOK VALUE | |||||
| At 31 March 2022 | (1) | 2,866 | 2,865 | ||
| At 31 March 2021 | (1) | 4,069 | 4,068 |
continued...
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CHRISTIAN HERITAGE LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
| 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments and accrued income 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security Other creditors 12. MOVEMENT IN FUNDS At 1/4/21 £ Unrestricted funds General fund 54,517 TOTAL FUNDS 54,517 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 94,153 TOTAL FUNDS 94,153 Comparatives for movement in funds At 1/4/20 £ Unrestricted funds General fund 37,262 TOTAL FUNDS 37,262 |
2022 2021 £ £ 100 100 - 3,776 100 3,876 2022 2021 £ £ 6,273 5,118 3,438 5,271 9,711 10,389 Net movement At in funds 31/3/22 £ £ (19,398) 35,119 (19,398) 35,119 Resources Movement expended in funds £ £ (113,551) (19,398) (113,551) (19,398) Net movement At in funds 31/3/21 £ £ 17,255 54,517 17,255 54,517 |
|---|---|
continued...
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CHRISTIAN HERITAGE LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 53,784 | (36,529) | 17,255 |
| TOTAL FUNDS | 53,784 | (36,529) | 17,255 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/4/20 | in funds | 31/3/22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 37,262 | (2,143) | 35,119 |
| TOTAL FUNDS | 37,262 | (2,143) | 35,119 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS 13. RELATED PARTY DISCLOSURES |
Incoming resources £ 147,937 147,937 |
Resources Movement expended in funds £ £ (150,080) (2,143) (150,080) (2,143) |
|---|---|---|
There were no related party transactions for the year ended 31 March 2022.
continued...
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CHRISTIAN HERITAGE LONDON
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
14. INDEPENDENT EXAMINER'S REMUNERATION
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Fees relating to independent examination | 1,644 | 1,572 |
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CHRISTIAN HERITAGE LONDON
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations: general Grants Investment income Deposit account interest Charitable activities Income from walks and tours Total incoming resources EXPENDITURE Charitable activities Wages Pensions Visitors centre Tour costs Stationery, printing and IT Travel and subsistence Telephone Bank charges Development and marketing Depreciation of tangible fixed assets Support costs Finance Bank interest Other Other operating leases Sundries Training Governance costs Independent examiners fee Carried forward |
2022 £ 18,183 9,939 28,122 1 66,030 94,153 32,954 754 1,166 62,613 3,080 3,327 - - 2,659 1,203 107,756 49 450 17 1,775 2,242 1,962 1,962 |
2021 £ 30,025 19,672 |
|---|---|---|
| 49,697 13 4,074 |
||
| 53,784 27,712 658 1,064 127 1,422 607 49 38 1,227 603 |
||
| 33,507 6 - - - |
||
| - 1,896 1,896 |
This page does not form part of the statutory financial statements
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CHRISTIAN HERITAGE LONDON
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| Governance costs Brought forward Bookkeeping Total resources expended Net (expenditure)/income |
2022 £ 1,962 1,542 3,504 113,551 (19,398) |
2021 £ 1,896 1,120 |
|---|---|---|
| 3,016 | ||
| 36,529 | ||
| 17,255 |
This page does not form part of the statutory financial statements
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