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|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.||
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|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|
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|||||
|---|---|---|---|
|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)|
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