##
##
|Trustees||||Mrs P Aisbitt||||
|---|---|---|---|---|---|---|---|
|||||Mire LA Craggs||||
|||||Mr A B Griffiths||||
|||||Mr A Michael||(Appointed|10July 2021)|
|||||Mr R M Sage||||
|Secretary/Charity|||Manager|Miss H Grilfiths||||
|Charity number||||1164614(linked 1164614-1)||||
|Company|number|||09651032||||
|Principal address||||The Byres||||
|||||Manor Farm||||
|||||Church
Lane||||
|||||Chilcompton||||
|||||Radstock||||
|||||BA3 4HP||||
|Registered||office||Chantry
House||||
|||||22 Upperton|Road|||
|||||Eastbourne||||
|||||East Sussex||||
|||||BN21 1BF||||
|Auditor||||Caladine
Limited||||
|||||Chantry
House||||
|||||22 Uppeiton|Road|||
|||||Eastbourne||||
|||||East Sussex||||
|||||BN21 1BF||||
|Bankers||||CAF Bank||||
|||||25 Kings Hill|Avenue|||
|||||Kings Hill||||
|||||West Mailing||||
|||||Kent||||
|||||ME194JQ||||
|Solicitors||||Anthony
Collins||||
|||||134 Edmund|Street|||
|||||Birmingham||||
|||||B32ES||||
|Investment||managers||Rethbones||||
|||||8 Finsbuiy
Circus||||
|||||London||||
|||||EC2M 7AZ||||
##
##
||||Page|
|---|---|---|---|
|Trustees'|report||1-5|
|Statement|ofTrustees'|responsibilities||
|Independent
auditor's||report|7-10|
|Statement|offinancial|activities||
|Statement|offinancial|position|12|
|Statement|ofcash flows||13|
|Notes to the financial statements|||14-24|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Unrestricted
Unrestricteii|Unrestricted
Unrestricteii|Totai Unrestricted|Totai Unrestricted|Unrestricted|Unrestricted|Iotal|
|---|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds||funds||
|||||general|designated||general||designated||
|||||2021|2021||2020||2020|2020|
||||Notes|5|f||||8|5|
|IttgggttLffttm;|||||||||||
|Donations
and legacies|||3|50||50|||||
|Investments|||4|376,248||376,248|406,547|||406,547|
|Total income||||376,298||376,298|406,547|||406,547|
|Raising funds|||5|70,287||70,287|67,447|||67,447|
|Befriending
project||||85,695||85,695|60,602|||60,602|
|Christian
work- UK||||492,944||492,944|705,309|||705,309|
|Christian
work - Intl||||324,243||324,243|515,000|||515,000|
|Total charitable|expenditure|||902,882||902,882|1,280,911|||1,280,911|
|Total expenditure||||973,169||973,169|1,348,358|||1,348,358|
|Net gains/(losses)
investments||on|11|1,549,643||1,549,643|(350,130)|||(350,130)|
|Net movement|in|funds||952,772||952,772|(1,291,941)|||(1,291,941)|
|Fund balances at 1 December|||||||||||
|2020||||6,630,899|7,500,000|14,130,899|7,922,840||7,500,000|15,422,840|
|Fund balances|at|30|||||||||
|November
2021||||7,583,671|7,500,000|15,083,671|6,630,899||7,500,000|14,130,899|
##
##
##
|||||2021||2020|
|---|---|---|---|---|---|---|
||||Notes|f||8|
|Fixed assets|||||||
|Property,
plant and|equipment||12||4,703|10,054|
|Investments|||13|14,693,070||13,948,352|
|||||14,697,773||13,958,406|
|Current assets|||||||
|Trade and other receivables|||14|4,490||4,444|
|Cash at bank and|in hand|||504,814||391,608|
|||||509,304||396,052|
|Current liabilities|||15|(123,406)||(223,559)|
|Net current assets|||||385,898|172,493|
|Total assets less|current liabilities|||15,083,671||14,130,899|
|Income funds|||||||
|Unrestricted
funds|- designated||17||7,500,000|7,500,000|
|Unrestricted
funds|- general||||7,583,671|6,630,899|
|||||1|5,083,671|14,130,899|
|The financial
statements||were approved|by the Trustees|on4!**.**..~$..2C'2vr|||
##
|||||2021|2020|
|---|---|---|---|---|---|
||||Notes|6|6|
|Cash flows from operating||activities||||
|Cash absorbed
by operations|||21|(1,067,967)|(1,445, 160)|
|Investing|activities|||||
|Purchase|of property,
plant and equipment||||(9,408)|
|Purchase|of investments|||(2,146,543)|(2,677,243)|
|Proceeds|on disposal of investments|||2,951,468|2,830,348|
|Investment|income received|||376,248|406,547|
|Net cash|generated
from investing|||||
|activities||||1,181,173|550,244|
|Net cash|used in financing|activities||||
|Net increase/(decrease)
in||cash and cash||||
|equivalents||||113,206|(894,916)|
|Cash and|cash equivalents
at beginning||ofyear|391,608|1286,524|
|Cash and|cash equivalents|at end ofyear||504,814|391,608|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||Unrestricted|Unrestncted|
|---|---|---|
||funds|funds|
||general|general|
||2021|2020|
|||6|
|Dividends|376,231|406,277|
|Interest receivable|17|270|
||376,248|406,547|
##
|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|general|general|
|2021
5|2020f|
|70,287|67,447|
||||IC0
I-|ON
o
N|||CO
I
LO|'|O
I
IA|LO
IA
'tu|d
Ol
Ol|CO
IA
d|LO
LO
uu|IO||||CD
CI|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||||||CO|
||||L
LC
ul|C|O
No
N|4I||||||||||||CI
CIO
IA|
||||0|g||||||||||||||IO|
||||C
m|Y
0|O
o|4l|||t|t|t|t|I|t||||CDC|
||||ul||||||||||||||||
||||0|||||||||||||||LOC
I|
||||Ol
C
D
e|Cl
0
'0
a|O
N
Ct
CC|4I|DD
to|I|o
lo|to
LA
d|d'
CO
cu|ut
LO
d
d|to
LO
ut|lo
d||||CD|
||||ID||||||||||||||||
||||IA
IC
0|uN
ON|||CO CI d
CO O
I
CDOI
IA
IA|||O
IA
I|IA
LO
CO N
So
LO
LO||||N||N
NN|CD
NO|
|||||||||||||||||||Ol|
||||4|||DI|||||||||||||
||||lu|C|Ol||||||||||||||
||||ul'C
c|CC
0|N||||||||||N
N||||
||||0
m
'P
c0|Y
g
M
0|N
CI
N|4t|t|I|I|I|I|I|I|I|Ol
dN||||
|O
IUDZI-Z0||||00
a|N
CI
N|Ol|CD
CD
LO
IO|O
O
O
LO|d
N
I|O
LA
I|LO
CD
CD|LO
N
IO||uu
0
IO|||IA
N||
|O|||||||||||||||||||
|IIJ|Ca||||||||||||||||||
|IZ|Cut||||||||||||||||||
|UJ|UJ||||||||||||||||||
||Ul||||||||||||||||||
|UJ|||||||||||||||||||
||||||||||||||||||CO||
|M|UJ
O
o||||||||||||||I
Cl0C
00|LO
e0
c|ID
0L0
ID
m||
|OZ
Z
IUzI-0
I
CO
UJI-0Z|Q
Q
UJ
IU.'
UJ
U.O|m
CI
0
Ill
Cl
IC
0|||||g
m
0
0|0
0
C
m
CD
C
\0|0
0
D
e
0|0
LD0
C
Ct
0
0Z|e0
Cle
ul
uu
Cn|0
C
m
ul
Ol
0|e
0
ct
I
L1
C
X
a
0&
e.C
X
0 )
m
0 I-||ul
ul0
0
Cl
0
Ol
C'0
C
C
t0|e
m
ul
ul
tu
8
0
CL
a
ul
0
cl
h
IA|m
m0
0
C0
C
h
)0
Cll
u
0
0
h
CO||
##
##
##
##
|||Christian|Christian||Christian|Christian|Total|
|---|---|---|---|---|---|---|---|
|||work-UK|work-lntl|Total|work - UK|work - Intl||
|||2021|2021|2021|2020|2020|2020|
|||E||E|E|E|E|
|Grants to institutions:||||||||
|St Wilfrid's
Hospice|||||30,000||30,000|
|The Matthew 25|Mission||||30,000||30,000|
|Beachy Head||||||||
|Chaplaincy
Team||25,000||25,000||||
|Yeldall Christian|Centre|20,000||20,000|15,000||15,000|
|Johannesburg
Bible||||||||
|College|||23,000|23,000||||
|Other grants above||||||||
|E15,000(3other||||||||
|institutions)||18,000|31,390|49,390|190,000|83,000|273,000|
|Grants E15,000 and||||||||
|below (80 institutions)||366,700|228,253|594,953|375,673|384,803|760,476|
|||429,700|282,643|712,343|640,673|467,803|1,108,476|
##
##
|8|Support costs|Support costs|||||||
|---|---|---|---|---|---|---|---|---|
||||Support|Governance|Total|Support|Governance|Total|
||||costs
f|costs
f|2021f|costs
f|costs
f|2020
f|
||Staff costs||54,601|7,754|62,355|55,441|7,792|63,233|
||Depreciation||5,351||5,351|5,549||5,549|
||Insurance||2,789||2,789|2,673||2,673|
||Travel and|subsistence|1,842||1,842|1,438||1,438|
||Grant management||5,279||5,279|10,662||10,662|
||Phone and|internet|2,415||2,415|2,488||2,488|
||Printing,
postage and||||||||
||stationery||699||699|967||967|
||ITsupport||7,761||7,761|7,014||7,014|
||Rent||8,050||8,050|8,078||8,078|
||Computer|and software|2,637||2,637|3,077||3,077|
||Training||129||129|593||593|
||Website||1,716||1,716||||
||Audit fees|||3,600|3,600||3,600|3,600|
||Accountancy|||4,021|4,021||3,903|3,903|
||Legal and|professional||1,456|1,456||420|420|
||Trustee meeting costs|||4,745|4,745||3,132|3,132|
||Subscriptions|||195|195||174|174|
||Bank charges|||330|330||386|386|
||Training|||611|611||||
||||93,269|22,712|115,981|97,980|19,407|117,387|
||A~nyggtU)gtgggtt||||||||
||Charitable|activities|93,269|22,712|115,981|97,980|19,407|117,387|
##
##
##
##
##
|The average|monthly
number
of full and part time em|ployees
during the year was:||
|---|---|---|---|
|||2021|2020|
|||Number|Number|
|Pastoral||||
|Support||||
|Total||||
|Employment|costs|2021|2020|
|||8|6|
|Wages and salaries||114,007|96,941|
|Social security costs||2,888|2,662|
|Other pension costs||6,349|6,308|
|||123,244|105,911|
##
|Net gains/(|loss|es)
on investments|||
|---|---|---|---|---|
||||Unrestricted|Unrestricted|
||||funds|funds|
||||general|general|
||||2021|2020|
||||f|8|
|Revaluation|of|investments|1,287,569|(170,498)|
|Gain/(loss)|on|sale of investments|262,074|(179,632)|
||||1,549,643|(350,130)|
##
##
|12|Property,
plant and equipment|Property,
plant and equipment|Property,
plant and equipment|||||
|---|---|---|---|---|---|---|---|
|||||Fixtures|Computers|Motor|Total|
|||||and||vehicle||
|||||equipment||||
|||||6|6|||
||Cost|||||||
||At 1 December 2020|||1,428|13,868|14,995|30,291|
||At 30 November|2021||1,428|13,868|14,995|30,291|
||Depreciation
and impairment|||||||
||At 1 December 2020|||1,428|6,813|11,996|20,237|
||Depreciation
charged||in the year||2,352|2,999|5,351|
||At 30 November|2021||1,428|9,165|14,995|25,588|
||Carrying
amount|||||||
||At 30 November|2021|||4,703||4,703|
||At 30 November|2020|||7,055|2,999|10,054|
|||||Listed|
|---|---|---|---|---|
|||||investments|
|||||6|
||Cost or valuation||||
||At 1 December 2020|||13,948,352|
||Additions|||2,146,543|
||Valuation
changes|||1,287,569|
||Dispcsals|||(2,689,394)|
||At 30 November|2021||14,693,070|
||Carrying
amount||||
||At 30 November|2021||14,693,070|
||At 30 November|2020||13,948,352|
|14|Trade and other|receivables|||
||||2021|2020|
||Amounts
falling|due within one year:|6|f|
||Prepayments
and accrued income||4,490|4,444|
##
##
|Current|liabi|lities||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||||||2021|2020|
|||||||||||||||||||f|f|
|Other payables|||||||||||||||||101,806||217,199|
|Accruals|and|deferred||income|||||||||||||21,600||6,360|
||||||||||||||||||123,406||223,559|
|Retirement||benefit|schemes|||||||||||||||||
|Defined|contribution|||schemes||||||||||||||||
|The Charity operates a defined||||||contribution|||pension||scheme for|||all|qualifying
employees.
The||||assets ofthe|
|scheme|are|held separately
from|||||those|of|the Charity|||in an|independently|||administered||fund.||
|The charge to profit|||or loss in||respect of defined|||||contribution|||schemes was E6,349 (2020 - E6,308).|||||||
|Unrestricted||funds|-|designated||||||||||||||||
|These arc unrcstrictcd||||funds|which orc|||motcriol||to the||Charity'0||octivitiec mode up|||ae|follows:||
|||||||||||||Igiovemen!|||||Movement|||
|||||||||||||in|funds||||in|funds||
||||||||||Balance||at||Incoming|||Balance at||Incoming|Balance at|
||||||||||1 December||||resources||I|December||resources|30November|
|||||||||||2010||||||2020|||2021|
||||||||||||f|||||f||E|f|
|Capital designated|||to|generate||income|||7,500,000||||||7,500,000||||7,500,000|
|Analysis|of|net assets between|||||funds|||||||||||||
|||||Unrestricted||||Unrestricted|||||Total||Unrestricted||Unrestricted||Total|
||||||||funds||funds|||||||funds||funds||
|||||||general||designated||||||||general|designated|||
||||||||2021|||2021|||2021|||2020||2020|2020|
||||||||E||||f|||f||E||E|f|
|Fund balances are|||represented||||by:|||||||||||||
|Property,|plant and|||||||||||||||||||
|equipment|||||||4,703||||||4,703|||10,054|||10,054|
|Investments|||||7,|193,070|||7,500,000|||14,693,070|||6,448,352||7,500,000||13,948,352|
|Current|assets/|||||||||||||||||||
|(liabilities)||||||385,898|||||||385,898|||172,493|||172,493|
||||||7,583,671||||7,500,000|||15,083,671|||6,630,899||7,500,000||14,130,899|
##
##
##
##
##
##
||2021|2020|
|---|---|---|
||8|8|
|Within one year|3,881|7,762|
|Between two and five years||3,881|
||3,881|11,643|
##
|21|Cash generated
from operations||||2021f|2020
f|
|---|---|---|---|---|---|---|
||Surplus/(deficit)
for the year||||952,772|(1,291,941)|
||Adjustments
for:||||||
||Investment
income recognised
in statement||offinancial|activities|(376,248)|(406,547)|
||(Gain)/loss
on disposal ofinvestments||||(262,074)|179,632|
||Fair value gains and losses on investments||||(1,287,569)|170,498|
||Depreciation
and impairment
of property,|plant and equipment|||5,351|5,549|
||Movements
in working
capital:||||||
||(Increase)
in trade and other recewables||||(46)|(595)|
||(Decrease)
in trade and other payables||||(100,153)|(101,756)|
||Cash absorbed
by operations||||(1,067,967)|(1,445,160)|
|22|Analysis ofchanges
in net funds||||||
||The Charity had no debt during the year.||||||
##