2022-03-31-accounts - Rural Ministries

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Trustees	Mrs EFisher
	Mr CHughes
	lvlrTLea
	MrSSpurgeon
	MrPSusans
	MrsHTaylor
	RevJWitts
	RevYDubreuil
Secretary	MrNJones
charitynumbor	200027
Companynumber	00688281
Registeredoffice	BrynfordHouse
	21 Brynford Street
	Holywell
	Flintshire
	UnitedKingdom
	CH87RD
Auditor	AzetsAudit Services
	BrynfordHouse
	21BrynfordStreet
	Holywell
	Flintshire
	UnitedKingdom
	CH87RD
Solicitors	Anthony CollinsLLP
	134Edmund Street
	Birmingham
	UnitedKingdom
	832ES
lnvestmentadvisors	lnvestec Wealth&lnvestmentLimited
	2GRESHAM STREET
	London
	EC2V 7QP
	UnitedKingdom

	Page
Trustees'report	1-8
Statementoftrustees' responsibilities
Independent auditor's report	10-12
Statementoffinancial activities	13
Balance sheet	14
Notes to thefinancial statements	15-26

		Unrestricted Unrestricted funds funds	Unrestricted Unrestricted funds funds
		2022	2021
	Notes	€	€
lncomefrom:
Donations and legacies	3	23,307	)q)'7e
Charitable activities	4	3,365	7,300
lnvestments	5	77,739	60,495
Total income		104,411	93,073
Expenditure on:
Raisingfunds		2,967	2,309
Charitable activities		246,259	261,71A
Totalexpenditure		249226	264 019
Netgains/(losses) on investments	11	137,312	69,986
Netmovementinfunds		(7,503)	(100 960)
Fund balancesat1April202'1		2,032,002	2.132,962
Fund balances at31March2022		2,024,499	2,032,002

		2022	2021
	Notes	r		f
Fixed assets
Tangibleassets	12			234,479
lnvestment properties	13	626,000		375,000
lnvestments	14	',.105,033		1,264,944
		1.885,365		1,874,423
Current assets
Debtors	l6	'132,806	147,055
Cashatbank and inhand		14,990	17,785
		147,796	164,840
CreditoIs:amountsfallingduewithin
oneyear	17	(8,662)	(7,261)
Netcurrent assets		139,134		157,579
Totalassets lesscurrent liabilities		2,024,499		2,O32,002
lncomefunds
Unrestricled funds		2,O24,499		2.O32,002
		2,024,499		2.O32,O02

		Charitabl6Charitable lncomelncome	Charitabl6Charitable lncomelncome
		2022 ef	202'l
Sales	within charitable activities	2,149	110
Other	income	1,?16	7,190
		3,365	ill

	2022	2021
	E	E
Staff costs	84,632	90,081
Depreciation and impairment lnsurance Telephone Trustees expenses Ministry support officeand general expenses Conferences	(10,278) 1,516 698 2.187 97,589 7,236 560	716 855 176 101,764 6,580 339
Motor,travel and expenses Property maintenance andcosts Publications,publicltyandwebsiies Rentalcommissionandfees Bankcharges Consultancy costs	10,825 6.178 26,193 4,600 96 14qn	5,402 11,811 19.515 2,726 69
	235,522	240 ,O34
Shareofgovernancecosts(seenote8)	10,737	21,676
	246,259	261,710

Supportcosts
	Support Governance costs costs e E		2022 €	SupportGovernance costs costs cl		2021 t
Audit fees		4,038	4,038		3,654	3,654
Accountancy		2,280	2,284		1,890	1,890
Legal and professional		4,419	4,419		16,132	16,132
		10,737	10,737		21,676	21,676

The average monthly numberofemployeesduring theyear	was:
	2022	202',1
	Number	Number
Chief Executive	1	1
Operations Manager/Administrator	1	1
Otherstaff(including part-time)		2
Total	4	4
Employmentcosts	2022 €	2021t
Wages and salaries	74,907	79,489
Social security costs	1,464	2,113
Other pension costs	8,261	8,479
	84.632	90,081

			Unre6trictedLinrestricted	Unre6trictedLinrestricted
			funds	funds
			2022	2021
			EE
	Revaluationofinvestments Gain/(loss) on saleofinvestments		(23,866) 603	124,087 (54,101)
	Revaluation of investment properties
			137,312	69,986
'	.2	Tangiblefixedassets
		Freehold land	Fixtures and	Total
		andbuildingst	fittings e	E
	Cost
	AtIApril2021	274.011	11,875-	285,886
	Transfer to investment property	(90,425)		(90,425)
	Al31Match2022	183,586	11,875	195,461
	Depreciation and impairment
	At1April2021	33 532	1'1,875	51,407
	Transfer to investment property	(10,278)		(1O.278)
	At3'1March2022	29,254	11,875	41,129
	Carrying amount Al31March2022	y3r:		154.332
	At31L4arch 2021	':'*:		234 479
l3	lnvestmentproperty
				2022
				I
	Fairvalue
	At1April2021			375,000
	Transfersfrom Freeholdlandand buildings			90,425
	Netgainsor lossesthroughfair value adjustments			160,575
	At 31March 2022			626,000

	Unlistedlnvestments Unlisted investments relatetotheoutstandingcapital elementof th whtchwas issued in2017.AfterB&R Finance Limited defaulted on pa measures inplacetoensuretherecovery of 90%ofthe capital of the Rural Ministries.	e original B&RFinance Lim ymentsdurang2019, the tr original bond, minimising	itedbond usteesput the lossto
t5	Financialinstruments	2022 €€	2021
	Carrying amount offinancialassets lnstruments measuredatfair value throughprofit or loss	995,033	1,O57.131
16	Debtors
		2022	2021
	Amountsfallingdu3withinoneyear:	f	€
	Otherdebtors Prepaymentsandaccruedincome	13,364 5,61I	'13,307 5,426
		18,983	18,733

Oebtors		(Continued)
	2022	2021
Amountsfallingdue aftermorethanoneyear:	f	€
Otherdebtors	113,823	128,322
Totaldebtors	I'37	147,O55

Creditors:amountsfallingduewithinoneyear
	2022	2021
	e	e
Othercreditors	839
Accruals and deferred income	7,823	7,261
	8,662	7,261

	2022123	20?3124	2024t25	2025t26	2026t27
V{[ichwoodBC Deedtransfer	t3,899
DisCoveryChurch Dunbar	L347
Bitesize Church app	82,000
DorsetYFC	t2,911
Joy Dimond, Stowphase	82,500
FenlandsThorney	Ll,//3
Sam& SuzieAbramian,Hunstanton	E7,001
Botesdale(2020-2023)	L1.206	t419
Village0hurchOldmeldrum	E5,000	E3,664	E1,000
Jonathan &RachelOatridge,Missingham	L12,498	E7,504	L2,498
Ben&EzLucasPhase2	f18,956	813,380	t8,369	LJ,JOV	L250
lural MissionHubs	t15,000	E15,000	815.000
JoyDimond, Stowphase2	E4,OE3	87,000	87,000	e2,918
Crucible Course(UrbanExpression)	82,625	E3,500	13,500	t875
6EL	E79,799	E50,466	837,365	E7,161	8250