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2021-12-31-accounts

Company
Information
Directors' Report
Member
Denominations		 17
Report ofthe Independent Examiner 18
Statement
of Financial		 Activities (Including Income and Expenditure Account) 19
Balance Sheet 20
Notes to the Financial Statements 21

Directors / Trustees Revd Helen Cameron
(Moderator)		 Revd Helen Cameron
(Moderator)
(as at date of report) Revd Dr Hugh Osgood (Past Moderator)
Mr Eric Southwick
(Treasurer)
Pastor Joshua Bandele
Revd James Breslin
Mrs Yvonne Campbell
Revd Deseta Davis
Major David Evans
Revd Trevor Howard
Revd Christopher
Whiteley
Revd Daniel Yarnell
General Secretary Revd Paul Rochester
Registered Office 27 Tavistock Square,
London, WC1H 9HH.
Bankers CAF Bank Limited
25 Kings
Hill Avenue,
Kings Hill,
West Mailing,
Kent, ME194JQ.
Solicitors Ashtons
Legal
Waterfront
House, Wherry Quay,
Ipswich,
Suffolk, IP4 1AS.
Independent Examiner Mark Heaton FCCA DChA FCIE
KM
1st Floor, Block C, The Wharf,
Manchester
Road, Burnley,
Lancashire, BB111JG.
Fund Managers CCLA Investment
Management		 Ltd
COIF Charity Funds
85 Queen Victoria Street, London, EC4V4ET.
Property Agents Curchod 8Co
Portmore
House, 54 Church Street,
Weybridge,
Surrey, KT138DP.

or the year end ed 31» Decem ber 2021
Unrestricted Restricted Total Total
Notes Funds Funds Funds Funds
2021 2021 2021 2020
F
Income and endowments from:
Donations
and legacies:
Member church subscriptions 20,667 20,667 19,178
Donations 156 156 3,301
Charitable
activities:
Grants 2 16,750 16,750 20,000
Other trading
activities:
Endorsements 3,600 3,600
Rentalincome 6,143 6,143 33,197
Investments:
UK listed investments 50,830 50,830 54,035
Rental properties 92,500 92,500 92,500
Other 4 4 99
Other
Conference Fees 216 377 593 (94)
Other 5,383 5,383 3,762
Total 179,499 17,127 196,626 225,978
Expenditure
on:
Investment
management		 costs:
Property management costs 2,790 2,790 2,206
Charitable
activities
Grants payable 3 1,820
Other 3 292,646 17,127 309,773 363,723
Total 295,436 17,127 312,563 367,749
Net income
/ (expenditure)		 (115,937) 115,937 141,771
Gains /(losses) on investment assets 210,843 210,843 83,071
Net income
/ (expenditure)		 94,906 94,906 (58,700)
Net Movement
in		 Funds 94,906 94,906 (58,700)
Reconciliation
of		 funds
Total funds brought forward 2,972,549 2,972,549 3,031,249
Total funds carried forward 3,067,455 3,067,455 2,972,549

Income and endowments
from Charitable		 Activities: Grants
2021 2020
Restricted
Funds		 E
Departm't
of Health
—Health Care Chaplaincy		 250
Methodist
Church
—Prison Chaplaincy
Culham STGabriels's
-Education
Project		 10,000
4,000		 20,000
Westhill Endowment
—Education
Project
Total		 2,500
16,750		 20,000

Unrestricted Restricted Total Tota I
Funds Funds Funds Funds
2021 2021
F.		 2021
E		 2020f
Grants payable:
Ministerial
counselling		 service 1,820
Other - The Welcome Directory
1,820
Direct expenditure:
General		 177,015 177,015 179,222
Health Care Chaplaincy (HCC) 28,717 627 29,344 22,357
Public Affairs Project 39,720
Education
officers		 57,099 6,500 63,599 81,491
Prison Chaplaincy 29,815 10,000 39,815 40,933
292,646 17,127 309,773 363,723
Total 292,646 17,127 309,773 365,543
4. Directors'
Emoluments
and Staff Costs		 4. Directors'
Emoluments
and Staff Costs
Staff costs during the year were: 2021 2020
Wages and salaries
Socialsecurity costs
Pension contributions		 192,495
13,831
17,633		 190,792
12,104
37,489
Total 223,959 240,385
No employees
received remuneration		 greater than 860,000.
The average number
of employees
during		 the year was: 2021 2020
Number Number
Direct charitable
activities		 4 4
Management
and administration		 2 2
Total
Total compensation
paid to key management
(2020: L'45,142).		 personnel in the year amounted to f45,142
Directors'
emoluments,
including
pension		 benefits, amounted to anil (2020:L'nil).
Expenses
reimbursed
to two (2020:
expenses were L'436 (2020:f1,366).		 five) directors for travel, subsistence
and		 conference
expe
nses were L'436 (2020:f1,366).
nses were L'436 (2020:f1,366).		 , an conerence
5.Net Income / (Expenditure)
Net incoming
resources		 is stated after charging: 2021 2020
F
Independent
Examiner's Fee
Depreciation		 2,130
8,693		 2,100
11,111
6.Tangible Fixed Assets
Furniture Leasehold
and Property Total
Cost Equipm't Improvem't
At 1 Januaty 2021 24726 234444 259170
At 31 December 2021 24,726 234,444 259,170
Depreciation
At 1 January 2021 23,921 147,690 171,611
Charge for the year 805 7,888 8,693
At 31 December 2021 24,726 155,578 180,304
Net Book Value
At 31 December 2021 78,866 78,866
At 31 December 2020 805 86,754 87,559

.Investments
UK Listed
Investments		 Investment
Properties		 Total
General General
Funds Funds
Market Value
At 1 January 2021 1,622,612 1,150,000 2,772,612
Increase on revaluation in year 210,843 - 210,843
Redeemed in year (101,577) (101,577)
At 31 December 2021 1,731,878 1,150,000 2,881,878
Historic Cost
At 1 January 2021 1,459,902 667,881 2,127,783
Redemption in year (86,852) - (86,852)
At 31 December 2021 1,373,050 667,881 2,040,931
The UK listed investments portfolio is made up of UK fixed interest stocks and equities, all
quoted/listed within the UK. Investments which made up over 5% ofthe value of the portfolio
are as follows:
quoted/
are as		 listed
within
follows:		 the UK. Investments
which m		 ade up over 5%ofthe value ofth e portfoli
2021 2020
COIF ethical income units 92.10 90.89
COIF fixed interest units 0.00 1.73
COIF property fund units 7.90 7.38
COIF fixed int
COIF property		 erest
units
fund units		 0.00
1.73
7.90
7.38		 0.00
1.73
7.90
7.38		 0.00
1.73
7.90
7.38
The investment properties were revalued at estimated open market value by the Directors
in
2013,the directors do not believe that the market value has changed significantly since
then.
8.Debtors
2021 2020
Trade debtors 24,838 29,205
Prepayments and accrued income 108,686 75,420
Total 133,524 104,625
9.Current
Liabilities: Amounts		 Falling Due Within One Year
2021 2020
E
Accruals 2,142 41,862
Deferred rentalincome 10,625 10,625
Other Creditors 34,016 32,955
Total 46,783 85,442

0.Funds
01-Jan-21 Transfers
between		 Income Expend
iture		 Gains
/
(Losses)		 31-Dec 21
funds
Unrestricted
Funds:
Generalreserve
Investment
reserve
Investment
revaluation		 106,008
1,553,831		 195,506
(180,781)		 179,499 (295,436) 185,577
1,373,050
reserve 162,710 (14,725) - 210,843 358,828
Property reserve
Property revaluation
Total unrestricted		 667,881
482,119
2,972,549		 - 179,499 295,436 210,843 667,881
482,119
3,067,455
Restricted
Funds
Healthcare
Chaplaincy
Prison Chaplaincy
Education		 627
10,000
6,500		 (627)
(10,000)
(6,500)
Total restricted 17,127 17,127
Total Funds 2,972,549 - 196,626 312,563 210,843 3,067,455

1.Analysis o f Net Ass ets Between Funds
Tangible Net
Fixed Investments Current Total
Assets Assets
F F f
Unrestricted Funds
General unrestricted
Restricted
Funds		 funds 78,866 2,881,879 106,710 3,067,455
Total Funds 78,866 2,881,879 106,710 3,067,455
12.Comparative Statement of Financial of Financial Activities by fund type
Unrestricted Restricted Total
Funds Funds Funds
2020 2020 2020
f
Income and endowments from:
Donations and legacies:
Member church subscriptions 19,178 19,178
Donations 3,301 3,301
Charitable activities:
Grants 20,000 20,000
Other trading
activities:
Rentalincome 33,197 33,197
Investments:
UK listed investments 54,035 54,035
Rental properties 92,500 92,500
Other 99 99
Other
Conference Fees (94) (94)
Other 3,762 3,762
Total 205,978 20,000 225,978
Expenditure on:
Investment management costs:
Property management costs 2,206 2,206
Charitable activities
Grants payable 1,820 1,820
Other 336,058 27,665 363,723
Total 340,084 27,665 367,749
Net income / (expenditure) (134,106) (7,665) 141,771
Gains /(losses) on investment assets 83,071 83,071
Net income / (expenditure) (51,035) (7,665) (58,700)
Net Movement
in Funds		 (51,035) (7,665) (58,700)