| Trustees | MrRVHarris |
|---|---|
| MrsPAisbitt | |
| MrAB Griffiths | |
| Mr R M Sage | |
| MrsLCraggs | |
| Secretary/Charity Manager | MissHGriffiths |
| Gharity number | 11646'14(linked 1164614-1) |
| Company number | 09651032 |
| Principal address | The OvalOffice |
| St Peter'sPark | |
| CobblersWay | |
| Radstock | |
| BA33BX | |
| Registeredoffice | The OvalOffice |
| St Peter'sPark | |
| CobblersWay | |
| Radstock | |
| BA33BX | |
| Auditor | CaladineLimited |
| ChantryHouse | |
| 66 r r--^J-- h--l zzLrppcil.uilnudu |
|
| Eastbourne | |
| EastSussex | |
| BN211BF | |
| Bankers | CAFBank |
| 25 Kings HillAvenue | |
| Kings Hill | |
| WestMalling | |
| Kent | |
| ME194JQ | |
| Solicitors | Lawson Lewis Blakers |
| 11Hyde Gardens | |
| Eastbourne | |
| EastSussex | |
| BN214PP | |
| lnvestment managers | Rathbones |
| 8FinsburyCircus | |
| London | |
| ECZMTAZ |
| Page | |
|---|---|
| Trustees'report | 1-6 |
| StatementofTrustees' responsibilities | 7 |
| lndependent auditor's report | 8-9 |
| Statementoffinancial activities | 10 |
| Statementoffinancialposition | 11 |
| Statementof cashflows | 12 |
| Notes tothe financial statements | 13-22 |
| AssetClass | Weighting(%) | AllowedRanges(%) Relevantlndex | AllowedRanges(%) Relevantlndex |
|---|---|---|---|
| Fixed Interest | 25 | 20-50 | FTSE UKGiltsAll Stocks |
| Equities(splitbelow) | 60 | 40-80 | |
| -UKEquities | 30 | FTSEAll-Share | |
| -Overseas Equities | 30 | FTSEAll World Ex-UK(t) | |
| Alternatives | 10 | 10-25 | 50% FTSE UK CommercialProperty |
| 50%3-Month LIBOR+2% | |||
| Gash | 5 | 0-20 | 7-DayLIBOR |
| Total | 100 | Composite of the above |
| Unrestricted Unrestricted | Unrestricted Unrestricted | Unrestricted Unrestricted | TotalUnrestrictedUnrestricted | TotalUnrestrictedUnrestricted | TotalUnrestrictedUnrestricted | Total | |
|---|---|---|---|---|---|---|---|
| funds | funds |
funds | funds |
||||
| Notes | generaldesignated 2020 2020 € f |
2020 €fe |
generaldesignated 2019 2019 |
2019I | |||
| lncomefrom: | |||||||
| lnvestments | 3 | 406,547 | 406,547 | 480,036 | 480,036 | ||
| Exoenditure on: | |||||||
| Raising funds | 4 | 67,447 | 67,447 | 74,341 | 74,341 | ||
| Charitable activities | |||||||
| Befriending project | 5 | 60,602 | 60,602 | 81,175 | 81,175 | ||
| Christian work-UK | 5 | 705,309 | 705,309 | 563,979 | 563,979 | ||
| Christian work-lntl | 5 | 515,000 | 515,000 | 599,749 | 599,749 | ||
| Totalcharitableexpenditure | 1,28O,911 | 1,280,9111,244,903 | 1,244,903 | ||||
| Total resources | |||||||
| expended | 1,348,358 | 1,348,3581,319,244 | 1,319,244 | ||||
| Net gains/(losses)on investments |
10 | (350,130) | (350,130) | 923,2O3 | 923,203 | ||
| Netmovement infunds | (1,2e1,941) | (1,291,941)83,995 | 83,995 | ||||
| Fund balancesat1 | |||||||
| December2019 | 7,922,840 | 7,500,000 | 15,422,8407,838,845 | 7,500,000 | 15,338,845 | ||
| Fund balancesat30 | |||||||
| November2020 | 6,630,899 | 7,500,000 | 14,130,8997 | ,922,840 | 7,500,000 | 15,422,840 |
| 2020 | 201 | 9 | |||
|---|---|---|---|---|---|
| Notes | c | c | e | s | |
| Fixedassets | |||||
| Property,plant and equipment | 11 | 10,054 | 6,195 | ||
| lnvestments | 12 | 13,948,352 | 14,451,587 | ||
| 13,958,406 | 14,457,782 | ||||
| Gurrentassets | |||||
| Tradeand other receivables | 13 | 4,444 | 3,849 | ||
| Cash atbank andin hand | 391,608 | 1,286,524 | |||
| 396,052 | 1,290,373 | ||||
| Gurrentliabilities | 14 | (223,559) | (325,315) | ||
| Netcurrent assets | 172,493 | 965,058 | |||
| Totalassets lesscurrent liabilities | 14,130,899 | 15,422,840 | |||
| lncomefunds | |||||
| Unrestrictedfunds - designated | 15 | 7,500,000 | 7,500,000 | ||
| Unrestrictedfunds -general | 6,630,899 | 7,922,840 | |||
| 14,130,899 | "t5,422,840 |
| 2020 | 201 | I | |||
|---|---|---|---|---|---|
| Notes | € | t | t | f | |
| Gashflows fromoperatingactivities | |||||
| Cash absorbedbyoperations | 20 | (1,445,160) | (1,350,569) | ||
| lnvestingactivities | |||||
| Purchase of property, plantandequipment | (9,408) | ||||
| Purchaseofinvestments | (2,677,243) | (3,772,512) | |||
| Proceeds on disposalofinvestments | 2,830,348 | 5,368,295 | |||
| Investment income received | 406,547 | 480,036 | |||
| Netcash generatedfrominvesting | |||||
| activities | 550,244 | 2,075,819 | |||
| Net(decrease)/increase in cash and cash | |||||
| equivalents | (8s4,916) | 725,250 | |||
| Cashand cash equivalents at beginningofyear | 1,286,524 | 561,274 | |||
| Cashand cash equivalentsat endof year | 391,608 | 1,286,524 |
| UnrestrictedUnrestricted | UnrestrictedUnrestricted | |
|---|---|---|
| funds | funds | |
| general 2020 gf |
general 2019 |
|
| Dividends | 406,277 | 479,791 |
| lnterest receivable | 270 | 245 |
| 406,547 | 480,036 |
| UnrestrictedUnrestricted | UnrestrictedUnrestricted |
|---|---|
| funds | funds |
| general 2020 |
general 2019 |
| cf | |
| 67,447 | 74,341 |
| Befrienrding project |
Ghristian work- UK |
Christian work-lntl |
TotalBefriending 2020 project |
TotalBefriending 2020 project |
TotalBefriending 2020 project |
Christian work-UK |
Christian work-lntl |
Christian work-lntl |
Total 2019 |
|
|---|---|---|---|---|---|---|---|---|---|---|
| "1020t | 2020 t |
2020 f |
t | 2019 t |
2019 e |
2019 t |
t | |||
| Staff costs | 42,678 | 42,678 | 43,931 | 43,931 | ||||||
| Other directcosts | 7,470 | 7,470 | 20,252 | 20,252 | ||||||
| Training | 424 | 424 | ||||||||
| Officeexpenses | 356 | 356 | 388 | 388 | ||||||
| Travelling expenses | 4,544 | 4,544 | 7,640 | 7,640 | ||||||
| 55,048 | 55,048 | 72,635 | 72,635 | |||||||
| Grant funding of activities(seenote6) | 640,673467,803 | 1,108,476 | 504,651 | 536,650 | 1,041,301 | |||||
| Shareofsupport costs(seenote7) | 4,636 | 53,950 | 39,394 | 97,980 | 7,062 | 49,062 | 52,180 | 108,304 | ||
| Share of governance costs(seenote7) | 918 | 10,686 | 7,803 | 19,407 | 1,478 | 10,266 | 10,919 | 22,663 | ||
| 60,602705,309515,000 | 1,280,911 | : | 81,175 | 563,979 | 599,749 | 1,244,903 |
| Christian | Christian | Christian | Christian | Christian | |||
|---|---|---|---|---|---|---|---|
| work- UK | work-lntl | Total | work -UK | work-lntl | Total | ||
| 2020 f |
2020f | 2020 € |
2019 f |
2019 f |
2019 t |
||
| Grants toinstitutions: | |||||||
| Tearfund | 5,000 | 5,000 | 30,000 | 30,000 | |||
| The Matthew 25Mission | 30,000 | 30,000 | 30,000 | 30,000 | |||
| The KEYS Project | 12,000 | 12,000 | 30,000 | 30,000 | |||
| StWilfrid'sHospice | 30,000 | 30,000 | |||||
| Grants abovef15,000to e30,000(13institutions) |
190,000 | 83,000273,000 | 182,000 | 122,000 | 304,000 | ||
| Otherf15,000 and | |||||||
| below(114institutions) | 378,673 | 379,803 | 758,476 | 262,651 | 384,650 | 647,301 | |
| 640,673 | 467,803 | 1,108,476504,651536,650 | 1,041,301 | ||||
| : |
| Supportcosts | ||||||
|---|---|---|---|---|---|---|
| SupportGovernance costs costs f€ |
Total 2020 t |
SupportGovernance costs costs tf |
Total 2019 t |
|||
| Staffcosts | 55,441 | 7,792 | 63,233 | 52,005 | 7,870 | 59,875 |
| Depreciation | 5,549 | 5,549 | 4,471 | 4,471 | ||
| lnsurance | 2,673 | 2,673 | 2,505 | 2,505 | ||
| Travel and subsistence | 1,438 | 1,438 | 6,362 | 6,362 | ||
| Grant management | 10,662 | 10,662 | 10,393 | 10,393 | ||
| Phone and internet | 2,488 | 2,488 | 2,139 | 2,139 | ||
| Printing, postageand | ||||||
| stationery | 967 | 967 | 1,785 | 1,785 | ||
| lTsupport | 7,014 | 7,O14 | 14,598 | 14,598 | ||
| Rent | 8,078 | 8,078 | 7,692 | 7,692 | ||
| Computer and software | 3,077 | 3,077 | 1,552 | 1,552 | ||
| Training | 593 | 593 | 2,034 | 2,034 | ||
| Website | 2,768 | 2,768 | ||||
| Audit fees | 3,600 | 3,600 | 3,600 | 3,600 | ||
| Accountancy | 3,903 | 3,903 | 3,955 | 3,955 | ||
| Legal and professional | 420 | 420 | ||||
| Trustee meeting costs | 3,132 | 3,132 | 6,573 | 6,573 | ||
| Subscriptions | 174 | 174 | 133 | 133 | ||
| Bank charges | 386 | 386 | 532 | 532 | ||
| 97,980 | 19,407 | 117,387 | 108,304 | 22,663 | 130,967 | |
| Analvsedbetween | ||||||
| Charitable activities | 97,980 | 19,407 | 117,387 | 108,304 | 22,663 | 130,967 |
| 2020 | 2019 | |
|---|---|---|
| Number | Number | |
| Pastoral | 4 | 4 |
| Support | 3 | 3 |
| Total | 7 | 7 |
| Employmentcosts | 2020 | 2019 |
| f | f | |
| Wages and salaries | 96,941 | 94,869 |
| Social security costs | 2,662 | 3,452 |
| Otherpensioncosts | 6,308 | 5,485 |
| 105,911 | 103,806 |
| UnrestrictedUnrestricted | UnrestrictedUnrestricted | |
|---|---|---|
| funds | funds | |
| general 2020 tc |
general 2019 |
|
| Revaluation of investments | (170,498) | 874,621 |
| Gain/(loss)onsale ofinvestments | (17e,632) | 48,582 |
| (350,130) | 923.203 | |
| : | : |
| Property, plantandequipment | ||||
|---|---|---|---|---|
| FixturesComputers | Motor | Total | ||
| and | vehicle | |||
| equipment tf |
€ | € | ||
| Cost | ||||
| At1December 2019 | 1,428 | 4,460 | 14,995 | 20,883 |
| Additions | 9,408 | 9,408 | ||
| At 30 November 2020 | 1,428 | 13,868 | 14,995 | 30,291 |
| Depreciation and impairment At1December2019 |
1,428 | 4,263 | 8,997 | 14,688 |
| Depreciation chargedinthe year | 550 2, |
2,999 | 5,549 | |
| At 30 November 2020 | 1,428 | 6,813 | 11,996 | 20,237 |
| Garrying amount At 30 November2O2O |
7,055 | 2,999 | 10,054 | |
| At 30 November2019 | 197 | 5,998 | 6,195 |
| Listed | |
|---|---|
| investments | |
| f | |
| Gost orvaluation | |
| At1December2019 | 14,451,587 |
| Additions | 2,677,243 |
| Valuation changes | (170,498) |
| Disposals | (3,009,980) |
| At30 November 2020 | 13,948,352 |
| Carrying amount | |
| At 30 November 2020 | 13,948,352 |
| At 30 November2019 | 14,451,587 |
| 13 | Tradeand other receivables | ||
|---|---|---|---|
| Amounts fallingduewithinoneyear: | 2020 € |
201If | |
| Prepayments and accrued income | 4,444 | 3,849 |
| Currentliabilities | ||
|---|---|---|
| 2020 | 2019 | |
| € | f | |
| Grants payable | 216,795 | 319,000 |
| Other payables | 404 | 195 |
| Accruals and deferredincome | 6,360 | 6j20 |
| 223,559 | 325,315 |
| Movement | Movement | ||
|---|---|---|---|
| infunds | infunds | ||
| Balanceat IDecember 20i8t |
lncoming lesoutces f |
Balanceat lncomingBalanceat 1Decemberresources30November z0i9 2020 ses |
|
| Capital designated togenerateincome | 7,500,000 | 7,500,000 7,500,000 |
| Unrestricted Unrestricted funds funds |
Unrestricted Unrestricted funds funds |
Total | UnrestrictedUnrestricted funds funds |
UnrestrictedUnrestricted funds funds |
Total | |
|---|---|---|---|---|---|---|
| generaldesignated 2020 2020 It |
2020 I |
generaldesignated 2019 2019 tt |
2019I | |||
| Fund balances are | representedby: | |||||
| Property,plantand | ||||||
| equipment | 10,054 | 10,054 | 6,195 | 6,195 | ||
| lnvestments | 6,448,352 | 7,500,000 | '13,948,352 | 6,951,587 | 7,500,000 | 14,451,587 |
| Current assets/ | ||||||
| (liabilities) | 172,493 | 172,493965,058 | 965,058 | |||
| 6,630,899 | 7,500,000 | 14,130,8997,922,840 | 7,500,000 | 15,422,840 |
| 2020I | 2019 f |
||
|---|---|---|---|
| Within one year | 7,762 | 7,762 | |
| Between two and five years | 3,881 | 11,643 | |
| 11,643 | 19,405 | ||
| : |
| 20 | Cash generatedfromoperations | 2020 f |
201 9t |
|---|---|---|---|
| (Deficit)/surplusforthe year | (1,2e1,941)83,ee5 | ||
| Adjustmentsfor: | |||
| lnvestment income recognised in statementoffinancial activities | (406,547) | (480,036) | |
| Loss/(gain)ondisposal of investments | 179,632 | (48,582) | |
| Fairvalue gains and lossesoninvestments | 170,498 | (874,621) | |
| Depreciation and impairment ofproperty,plant and equipment | 5,549 | 4,471 | |
| Movementsinworkingcapital: | |||
| (lncrease)/decreaseintrade and other receivables | (5e5) | 5,931 | |
| lncreaseintrade and other payables | 449 | 173 | |
| (Decrease)indeferred income | (102,205) | (41,900) | |
| Cash absorbed by operations | (1,445,160) | (1,350,569) |