## ## ## |||||| |---|---|---|---|---| |Trustees|||Mrs PAisbitt|| ||||Mrs LACraggs|| ||||Mr ABGrityiths|| ||||MrAR Michael|| |Secretary/Charity||Manager|Miss H E Grtfriths|| |Charity number|||1164614(linked 1164614-1)|| |Company|number||09651032|| |Principal address|||The Byres, Manor Farm|| ||||Church Lane|| ||||Chilcompton|| ||||Radstock|| ||||Somerset|| ||||BA34HP|| |Registered|office||Chantry
House|| ||||22 Upperton|Road| ||||Eastbourne|| ||||East Sussex|| ||||BN21 1BF|| |Auditor|||Caladine
Limited|| ||||Chantry
House|| ||||22 Upperton|Road| ||||Eastboume|| ||||East Sussex|| ||||BN21 1BF|| |Bankers|||CAF Bank|| ||||25 Kings Hill|Avenue| ||||Kings
Hill|| ||||West Maging|| ||||Kent|| ||||ME194JQ|| |Solicitors|||Anthony
Collins Solicitors LLP|| ||||134Edmund|Street| ||||Birmingham|| ||||West Midlands|| ||||B32ES|| |investment|managers||Rathbones|| ||||6 Finsbury
Circus|| ||||London|| ||||EC2M 7AZ|| ## ## |||Page| |---|---|---| |Trustees'
report||1-5| |Independent
auditor's|report|6-8| |Statement offinancial|activities|| |Statement offinancial|position|to| |Statement ofcash flows||| |Notes to the financial|statements|12-22| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Unrestricted|Total|Unrestricted|Unrestricted|Total| |---|---|---|---|---|---|---|---|---|---| |||||funds|funds||funds|funds|| |||||general|designated||general|designated|| ||||Notes|2022|2022
5|2022f|2021
5|2021
6|2021
5| |Income from:|||||||||| |Donations
and|||||||||| |legacies|||3||||50||50| |Investments|||4|391,833||391,833|376,248||376,248| |Total income||||391,833||391,833|376,298||376,298| |~dddE|||||||||| |Raising funds|||5|78,316||78,316|70,287||70,287| |Charitable
activities|||||||||| |Befriending
project|||6|11,215||11,215|85,695||85,695| |Christian
work -|UK||6|681,375||681,375|492,944||492,944| |Christian work-|Intl||6|499,626||499,626|324,243||324,243| |Total charitable|||||||||| |expenditure||||1,192,216||1,192,216|902,882||902,882| |Total expenditure||||1,270,532||1,270,532|973,169||973,169| |Net gains/(losses)||on|||||||| |investments|||11|(805,467)||(805,467)|1,549,643||1,549,643| |Net movement|in|funds||(1,684,166)||(1,684,166)|952,772||952,772| |Fund balances at 1|||||||||| |December 2021||||7,583,671|7,500,000|15,083,671|6,630,899|7,500,000|14,130,899| |Fund balances|at|30|||||||| |November
2022||||5,899,505|7,500,000|13,399,505|7,583,671|7,500,000|15,083,671| ## ## ## ||||2022|2021| |---|---|---|---|---| |||Notes|5|| |Fixed assets||||| |Property,
plant and equipment||12|6,063|4,703| |Investments||13|12,790,000|14,693,070| ||||12,796,063|14,697,773| |Current assets||||| |Trade and other receivables||14|7,566|4,490| |Cash at bank and in hand|||828,581|504,814| ||||836,147|509,304| |Current liabilities||15|(232,705)|(123,406)| |Net current assets|||603,442|385,898| |Total assets less current liabilities|||13,399,505|15,083,671| |Income funds||||| |Unrestricted
funds - designated||17|7,500,000|7,500,000| |Unrestricted
funds - general|||5,899,505|7,583,671| ||||13,399,505|15,083,671| |The financial statements|were approved|by the Trustees on..25...1Q..&23||| ## ## |||||2022||2021|| |---|---|---|---|---|---|---|---| ||||Notes|6|||| |Cash flows from operating||activities|||||| |Cash absorbed
by operations|||21||(1,160,720)||(1,067,967)| |Investing|activities||||||| |Purchase|of property,
plant|and equipment||(4,949)|||| |Purchase|of investments|||(2,909,462)||(2,146,543)|| |Proceeds|from disposal of|investments||4,007,065||2,951,468|| |Investment|income received|||391,833||376,248|| |Net cash|generated
from investing||||||| |activities|||||1,484,487||1,181,173| |Net increase
in cash and cash equivalents|||||323,767||113,206| |Cash and|cash equivalents|at beginning|ofyear||504,814||391.608| |Cash and|cash equivalents|at end of|year||828,581||504,814| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||Unrestricted|Unrestricted| |---|---|---| ||funds|funds| ||general|general| ||2022|2021| |Dividends|391,531|376,231| |Interest receivable|302|17| ||391,833|376,248| ## ||||Unrestricted|Unrestricted| |---|---|---|---|---| ||||funds|funds| ||||general|general| ||||2022|2021| ||||8|| |Investment|management|fees|78,316|70,287| |||||0 CC
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CO|| ## ## ||Christian|Christian||Christian|Christian|Total| |---|---|---|---|---|---|---| ||work - UK|work - Intl|Total|work - UK|work - Intl|| ||2022|2022|2022|2021|2021|2021| ||E||E|E|E|E| |Grants to institutions:||||||| |Operation
Mobilisation||50,000|50,000|||| |Tear Fund||50,000|50,000|||| |Matthew 25 Mission|30,000||30,000|||| |Time to Talk Befriending|25,000||25,000|||| |YMCA DLG|23,821||23,821|||| |Johannesburg
Bible||||||| |College|||||23,000|23,000| |Beachy Head Chaplaincy|20,000||20,000|25,000||25,000| |Christians
in Parliament|20,000||20,000|||| |Essential
Christian||20,000|20,000||7,500|7,500| |Matilda Project ACET||20,000|20,000|||| |Yeldall Christian
Centre||||20,000||20,000| |Other grants above||||||| |E15,000 (7other||||||| |institutions)|90,000|15,000|105,000|18,000|31,390|49,390| |Grants E15,000and||||||| |below (117institutions)|403,809|294,740|698,549|366,700|220,753|587,453| ||612,630|449,740|1,062,370|429,700|282,643|712,343| ## ## |8|Support costs||||||| |---|---|---|---|---|---|---|---| |||Support|Governance|2022|Support|Governance|2021| |||costs|costs||costs|costs|| |||f|6||6||| ||Stalf costs|47,550|8,629|56,179|54,601|7,754|62,355| ||Depreciation|3,589||3,589|5,351||5,351| ||Insurance|2,673||2,673|2,789||2,789| ||Travel and subsistence|3,381||3,381|1,842||1,842| ||Grant management|6,496||6,496|5,279||5,279| ||Phone and internet|2,994||2,994|2,415||2,415| ||Printing,
postage and||||||| ||other office|2,779||2,779|699||699| ||ITsupport|7,023||7,023|7,761||7,761| ||Rent|10,423||10,423|8,050||8,050| ||Computer
and software|2,150||2,150|2,637||2,637| ||Training|143||143|129||129| ||Website|774||774|1,716||1,716| ||Audit fees||3,780|3,780||3,600|3,600| ||Accountancy||4,021|4,021||4,021|4,021| ||Legal and professional||4,524|4,524||1,456|1,456| ||Trustee meeting costs||6,164|6,164||4,745|4,745| ||Subscriptions||178|178||195|195| ||Bank charges||379|379||330|330| ||Training||238|238||611|611| |||89,975|27,913|117,888|93,269|22,712|115,981| ||A~need
brtgvegn||||||| ||Charitable
activities|89,975|27,913|117,886|93,269|22,712|115,981| ## ## ## ## |The average|monthly
number of full and part time em|ployees
during the year was:|| |---|---|---|---| |||2022|2021| |||Number|Number| |Pastoral|||| |Support|||| |Total|||| |Employment|costs|2022|2021| |||6|5| |Wages and salaries||56,639|114,007| |Social security costs||1,982|2,888| |Other pension|costs|4,248|6,349| |||62,869|123,244| ## ||||Unrestricted|Unrestricted| |---|---|---|---|---| ||||funds|funds| ||||general|general| ||||2022|2021f| |Revaluation|of|investments|(798,864)|1,287,569| |Gain/(loss)|on|sale ofinvestments|(6,603)|262,074| ||||(805,467)|1,549,643| ## ## ## |Property,
plant|and e|quipment||||| |---|---|---|---|---|---|---| ||||Fixtures and|Computers|Motor|Total| ||||equipmentf||vehiclef|| |Cost||||||| |At 1 December 2021|||1,428|13,868|14,995|30,291| |Additions|||4,949|||4,949| |Disposals|||||(14,995)|(14,995)| |At 30 November|2022||6,377|13,868||20,245| |Depreciation
and impairment||||||| |At 1 December 2021|||1,428|9,165|14,995|25,588| |Depreciation
charged||in the year|1,237|2,352||3,589| |Eliminated
in respect ofdisposals|||||(14,995)|(14,995)| |At 30 November|2022||2,665|11,517||14,182| |Carrying
amount||||||| |At 30 November|2022||3,712|2,351||6,063| |At 30 November|2021|||4,703||4,703| ||||Listed| |---|---|---|---| ||||investmentsf| ||Cost or valuation||| ||At 1 December 2021||14,693,070| ||Additions||2,909,462| ||Valuation
changes||(798,864)| ||Disposels||(4,013,668)| ||At 30 November 2022||12,790,000| ||Carrying
amount||| ||At 30 November 2022||12,790,000| ||At 30 November 2021||14,693,070| |14|Trade and other receivables||| ||Amounts
falling due within one year:|2022f|2021
f.| ||Prepayments
and accrued income|7,566|4,490| ## ## |15|Current|liabilities|||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||||||||||2022
f|2021f| ||Other payables|||||||||||||||||215,400|101,806| ||Accruals|and defened||income||||||||||||||17,305|21,600| |||||||||||||||||||232,705|123,406| |16|Retirement
benefit||schemes||||||||||||||||| ||Defined|contribution||schemes|||||||||||||||| ||The Charity
operates|||a defined||||contribution||pension||scheme|||for all qualifying
employees.
The||||assets of the| ||scheme|are held separately|||from|||those ofthe Charity||||in|an|independently||administered||fund.|| ||The charge to profit||or loss||in|respect of|||defined||contribution|||schemes was f4,248|||(2021 - 66,349).||| |17|Unrestricted
funds||-|designated|||||||||||||||| ||These are unrestricted|||funds which are material|||||||to the|Charity's|||activities|made up|as|follows:|| ||||||||||||||Movement||||Movement||| ||||||||||||||in funds|||||in funds|| |||||||||||Balance at||||Incoming||Balance at||Incoming|Balance at| |||||||||||1December||||resources||1 December||resources|30November| ||||||||||||2020||||f|2021f||f|2022f| ||Capital designated||to generate||||income|||7,500,000||||||7,500,000|||7,500,000| |18|Analysis|ofnet assets between||||||funds|||||||||||| ||||||Unrestricted||||Unrestricted||||||Total Unrestricted||Unrestricted||Total| |||||||||funds|||funds|||||funds||funds|| ||||||||general||designated|||||||general|designated||| |||||||||2022
f|||2022
f||||2022f|2021
f||2021
f|2021f| ||Fund balances are||represented||||by:||||||||||||| ||Property,|plant and|||||||||||||||||| ||equipment|||||||6,063|||||||6,063|4,703|||4,703| ||Investments|||||5,290,000||||7,500,000|||12,790,000|||7,193,070||7,500,000|14,693,070| ||Current|assets/(liabilities)|||||603,442|||||||603,442||385,898|||385,898| |||||||5,899,505||||7,500,000|||13,399,505|||7,583,671||7,500,000|15,083,671| ## ## ## ## ## ## ## |||||||| |---|---|---|---|---|---|---| |21|Cash generated
from operations||||2022|2021f| ||(Deficit)/surplus
for the year||||(1,684,166)|952,772| ||Adjustments
for:|||||| ||Investment
income recognised
in statement||offinancial|activities|(391,833)|(376,248)| ||Loss/(gain)
on disposal ofinvestments||||6,603|(262,074)| ||Fair value gains and losses on investments||||798,864|(1,287,569)| ||Depreciation
and impairment
ofproperty,|plant and equipment|||3,589|5,351| ||Movements
in working
capital:|||||| ||(Increase)
in trade and other receivables||||(3,076)|(46)| ||Increase/(decrease)
in trade and other payables||||109,299|(100,153)| ||Cash absorbed
by operations||||(1,160,720)|(1,067,967)| |22|Analysis ofchanges
in net funds|||||| ||The Charity had no debt during the year.|||||| ##