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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|
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|||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|
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|||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|
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|Donations and legacies|||
|---|---|---|
||UnrestrictedUnrestricied||
||funds|funds|
||2022|2021|
||€|t|
|Donations andgifts|23,307-|21,27A|
|Legacies receivable||4,000|
||23,347|25,278|
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|Donations and legacies|(C|ontinued)|
|---|---|---|
|Donationsandgifts|||
|Giftsfrom Partners|10,781|9,798|
|General donations|5,126|3,788|
|GiftAiddonations|7,400|7,692|
||23,307|21,278|
##
|||Charitabl6Charitable
lncomelncome|Charitabl6Charitable
lncomelncome|
|---|---|---|---|
|||2022
ef|202'l|
|Sales|within charitable activities|2,149|110|
|Other|income|1,?16|7,190|
|||3,365|ill|
##
||UnrestrictedUnrestricted|UnrestrictedUnrestricted|
|---|---|---|
||funds|funds|
||2022t|2021
f|
|Rentalincome|35,777|24,740|
|l\4anagedinvestmentincome|39,324|29,998|
|lnterest receivable|2,638|5,757|
||77,739|60,495|
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|Raisingfunds|||
|---|---|---|
||UnrestrictedUnrestricted||
||funds|funds|
||2022
€|2021t|
|lnvestment manaoement|2,967|2.309|
||2.967|2,309|
|Charitableactivities|||
||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|
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|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|
##
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|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|
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||||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|
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|Fixedassetinvestments||||
|---|---|---|---|
||Listed|Unlisted|Total|
||investmentsinvestments|||
||€||e|
|Cost orvaluation||||
|At'1April2021
Repayments|1,057,131|207.813
(97,813)|1,264.944
(97,813)|
|Disposals|(62,098)|-|(62,098)|
|At31March 2022|995,033|110,000|1,105,033|
|Carrying amount
At31March2022|995,033|110,000|1.105,033|
|At31March 2021|1,057.131|207,813|1,264.944|
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||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|
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|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|
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||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|
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