THE PROTESTANT ALLIANCE RT AND FINAN FOR ThE YEAR ENDED 31 AIARCH 2022 Charlty R•gl$trntlon Numb•r 237987 sCanw12DE2id 1 3110112023 11-.52
THE PROTESTANT ALLIANCE (Charlty Reglstrat5on Numbor 237987) CONTENTS REPORTS Page Report of the TNstO8S Rep(xt of tho Irthpendent Examir*ef FINANCIAL STATEMENTS ststem8nl of Financial Acbvitses Balance Shoot Notes to the Financial Statsments 8-14 sCanw12DE2id 2 3110112023 11-.52
THE PROTESTANT ALLIANCE END Trustees present th8ir annual r8WXt aThJ financial stal8m&nts of the Charity for the year ended 31 March 2022. The financial statements have been FKepared in acc(Kdance wrlh the accounting Frt)Iici8S sel out in note 1 to the acCnts and c£mrdy with the charity's trusl deed. the Charrtie$ Act 20118nd Accounting aryj Repcxb"ng by Ch8rrh"es". Ststemenl of Recommended Practice applicable to charities preparing their accounts in acdanc wlth tho Fln8ndal Rewting Stsrthrd for Srnaller Entrtl88 published on 18 July 2014. OBJECTIVES AND ACTivmES FOR THE PUBLIC BENEFIT The Council Member3 conffimi that they have complied with their duti88 under sectmin 17{51 of Ihe Chariti'es Act 2011 to refer to the guidance ¢4)ntained in the Chartty Commission's g8neral guidance on public benefit when revithvir¥J the Trust's aim¥ and owts'ves and in rAanniryJ future actr"vits"es. The objects of The Protestant Aliance are.. To bring the saving faith ol the Lorfl Jesus Chrlsl to Roman Caltr1. Anglrtatholi(x and to all those Th)t kntmng the s£ptUres or the pLY of G(xl. To maintain against all enc¥oachment the &pra1 tkntrines of the Relm8tlon and the pnnciples of religious libefty. V4horn possltAe lo relwe povety and advance relwion among persecuted Protestants. To seek lo preserv8 the purity of th8 Gospo189 in thg Hdy Scripture8. REVIEW OF ACHIEVEMENTS AND PERFORMANCE DELIVERING PUBUC BENEFrr The benefrts ofthe work of The ProlestsntAfiian( are Ihe dissemination and dlstribub'on of Infornwlon ab(Krt the Scriptural Docth'nes olthe Rofonnalion and the rel1 of povety arwj a(fvancem8nl ol rel10n among perse(xrted Protestants. These are ach¥80 by: Producing a periodical enb'tled Tr Refcrf. A preaching and ministy by Mr Charfes Scott4>earson. Bearing ot Protestant Maty Commemoration ting$. prlndpally In areas of England which ware badly affe¢ted by the Marian persecjjlion of Protestants from 1 $53 10 Attending Cwnty arKI Agriculiural shm. Supting the Protestsnl cause in Lithuania ty hdping with provision of good Blbliul literature. It is the firm and un$hakeatde pcrfit of The Pyotestsnt Allian(%J th81 woathlng of the Chrl8tian ())sp81 is beneficial not only lo those hear arml resporKI FQSttr'vely to rt, bul also lo xKiety as a whole. Hist(Ky shuws thal wthen Biblical prinopl8s have been th8 bedrc¢k of scciety there has been general wa¢e and tranquillty. As Biblal prinryples have r8cedgd in 8rithsh society we have seen dramatic increase in me ar disorder. parti(1arfY violent (rm8. Tr publlc benefit of Biblical eaching to sooety is IMIsuralO. The Counal confiryn that ttw have complled with their duties urmler sectK)n 17(5) of Ihe Chariti8s Act 2011 to refer to the Charity CornmissK)n's general guidance on public benefft reviewng the aims and obJe¢trves and in planniThJ firture actsvi. Th8 Trvstees are grateful fw the astanCe of volunteer5 in admintstrallon at nll cost to the charity. FINANCIAL REVIEW FINANCIAL REPORT FOR THE YEAR Oetails ofthe fin8ncial FO$0n ol Th8 Protestsnt Ajliance for th6 year ended 31 March 2022 are shown on pages 6 to 14. Th8 furKls have been lo the objects of the charity in ardance wth the Statem8nt of Financial Activities on page 6. sCanw12DE2id 3 3110112023 11-.52
THE PROTESTANT ALLIANCE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 (CONTINUED) Totsl income re£l the year was £25.650 {2021.' £63.6221 of £1.360 {2021: £1.9461 was restricted. Th8 deficit on pneral unrestri(led lund before nel gains on investments was £64,982 {2021'. £42,717). The surplus on r8strirt8d fuThJs was £1.310 {2021'. £1,946). Th& total defi1 before net gains on investhnts was £63.67212021.' £40.771 }. Net gains on investments were £13,188 12021.. £-l. resulbr4J in an overnll net deficrt of £50.484 {2021: £40.771). The Protestant Ajliance has been opwatsry on a deficit on ts General Fund lor some years which has rèsufted in Its reseryes beiThJ pro3fossNely diminish&J. Wrth the need to r¢duL onwing operatsrvJ costs in mind. the TNstees decNJed on 10 Aw"12021 to er¥Jage in a redundancy scheme. and Mr Marco Reale was made redundant at a cost lo chanty of £16.987. In August 2021 the fr8ehold investment proFY was scAd. which greaty impyoved IiquKIty. Present levels of voluntsry income oxdLMJirvJ 16gaoos aro In8du81e to SU8tsin current 18vels of expenditure. The dedining inrne in recent years rollects the diminishiThJ nstItuenCY of Protestant chnstnty in th8 Untted Kingdom. H(y•Ver. the parb'cular r8dLKbon in our incoTh this year was due to our magazin8 1 t.n9 produceo. A ccfficertoo effort is rthy boiry made to rnstore the publicati ol fwr regular editK)n8 of Tr Refcmmrf 8aL yow. Th8 websrte is being updated the intrc•Juction of digital subS(n'ptnS and online dOnatnS. whith shId lead to increased income. The cnC 1$ grateful lo $upporter5 fw their contsnued Sac181 giving. FurKl$ are raised almost entbrely through freew"Il gimng of SUPFQrters. Funds are not raised In any way from the genefal public. The Trust$ are erN)raged by th& 1xcls8 of legaaes. unc¢rtain in amwnl and timing. whth 11 help firture finances. There are no restr¢b'ons on the Trustees. to invest alttKwJgh thr policy is to invest in luw-risk investrronts. arvj haviw feg¥d to social, onvwonrnentsl and ethical ¢on8id8rakns. The COVItY19 Pandem continued to impxt th8 Wfrt of The Proteslant Amiance. with less moetings and shows being hdd. Stsff shortages ddayed ol Tr RelorrMrf magazine, wlth a ¢sequent $ub8lanbal reduction in SubS(p and donalnS receNed. GRANT-MAKING POLICY 11 is the of Cwncil to make grants from timo to tirne in acxx)rdanc• tmth th8 ch8rWs objectives. RESERVES POLICY It 1$ the Foli¢y of th8 cncil to malntaln unr8strlct8d funds, which are the Ire8 reservos of the charity. at a level which equates lo approximatety three Th)nths unrestri¢t8d exp8ndrture. FINANCIAL POSITION AT THE YEAR END The unrestricted general furyj Camed fopwafd was £266.591 {2021: £318.3851. ReWi(ed lunds carried foThvafd were £17.73912021.. £16.4291. PLANS FOR THE FUTURE Tho CnCil and stsff wil ntinue to wblish and distritArte The RefOrff. arrange events. weach. and wttness to txlrwJ the savlro faith of the L(xd Jesus Chnst to others in th8 loht of Scripture. STRUCTURE, GOVERNANCE AND MANAGEMENT The Trust is a regithred ¢harity, number 237987. aThJ is wvemed by a ¢onstrtution dated 3 Cktober 1992. The Tru$lees are the mmber5 01 the cn¢11 of Management affj elected by ffmb8rs at the Annual General Meetsng. They ¥e aprM)inted fty one year. Names of prosp8cts.ve Council Members are consKlered by the CnCil arKI pYoFos•J * the Annual Genw81 Meets'ng. The Ch8imwn. Deputy chairnn and Clark are aP[M'n1ed by the cn¢11 every year. sCanw12DE2id 4 3110112023 11-.52
THE PROTESTANT ALLIANCE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 (CONTINUED) CTURE RNAN EMENT TRUSTEES AND MEMBERS OF COUNCIL C N Banks IChgim4nl, F R$fOl (Owty Cknffm}. H W Phiw ICknrknoAnLrtos Sml8ry1. D E Fayers . C J David, A P Toms. M Akjndge. A J Williams and M Mullins. LIFE MEMBERS OF THE COUNCIL T F Cook. G Ghgssbrook. PRINCIPAL OFFICE 7 Jubilee Cott Stslion Road Marston Moretsine 8edford MK43 OPN OFFICE HOLDERS K W Burden (H Twsurerl INDEPENDENT EXAMINER M D Smrth FCA 47 The Willu•4s Lrtue Harnvden Wellingbjrough Northants NN9 $8J BANKERS Barclays Bank plc 3 Station Road Flifywick B8dford MK45 1JS sCanw12DE2id 5 3110112023 11-.52
THE PROTESTANT ALLIANCE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 PAARCH 2022 (CONTINUED) TRUSTEES. RESPONSI8ILmES IN RELATION TO THE FINANCIAL STATEMENTS The charity Trustees are reswnsible ts FYepanrvJ a Tnle9$. annual rep)rt and financi81 statsrnents in accordance wth applicatrje law and Unrted Kingth)rn Aco)unts'rvJ Star)dards (Untted Kingdom Genefalty Acceptsd h£cc4Jnting Praclice). The law applble to Charit in England and Waies requires thè chaffty Trustees to prepare finanual slatements ft)r each year whith give a true and fair view of the state of affairs ol th8 charlty and of the inming resources and application of resources ol the charity for that P8riod. In w8parirKJ the financial statem8nts, thè Truslees we wuir8d to: select suitable accn're pc418$ and then apply thom o)nstslenUy; otiserve th8 methods and wnaF4es in the applicable Charities SORP; make judgements a1 estimates that are rea$able arKI pwdent: Stste whether applicable actounting slandwds have been followed. subj'ect to any material departures disclosed arKI explaird in Ihe financial ststements.. prepare the financial ststements on the going n(n basis unless rt is inapprowate to presume that the chaity wll continue in tKL8iness. The Trustees are responsible fcK keeping proper accountiw re)rdS that disclose with reasonable acraCY al any b'me the financial post11 of the chanty and lo enable them lo ensure thal the financial 8tat8ments coMY with the Chanlies Acl 2011, the applicable Charibes {ALr4)unts and Repcrts) R8gul8ts'ons, Iho prowswis of the Trusl deed. They are also responsible for safeguarding the assets ol the chartty and takn'rKJ reasonable steps for th8 prevents)n and deteCtn of fraud and other legUlar1eS. The Trusteès are rnsponsible lor maintenancé arny intsgnty of the charity and financial infonnation indud8d on the charity's website. Legislation in United Kingdom govemlng the preparation and di8senNn8tion of financial stslernts may drffer from Ia.0n in other jurisdictions. Approved by the Trustees on 3 Decern 2022 and signed on their behall by: C BANKS ChaImn sCanw12DE2id 8 3110112023 11-.52
THE PROTESTANT ALLIANCE INOEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PROTESTANT ALLIANCE I repcKt to the Trustees on my exarninalion of the a(xxyJnts of The Proleslant Alliance (the Trust.) for the year erKled 31 March 2022. which are set out on pages 6 to 14. RESPONSI8ILrriES AND BASIS OF REPORT As the Charity's Twstees YC are responsible for the preparat ol ts aco)unts of the Twst In accordan wth the requirements of the Charities 2011 {'the A¢t'}. I report in respecl of my examination ol the Trust's aCUnIS rned out under sectlon 145 of the 2011 Act and in carying out my examination I have followed all tho appliCae Directions given by the Charity Commission under Sectn 14515llbl of the Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I confirm that no material matters have come to my attentlon In connection with the èx8minatson giving Th cause to believe that in any malenal respect.. 1. accounting rectyds were not kept in respect of the Trust as required by sectlon 130 01 ttr Act: or 2. the accounts do Mt accord wrth ttM)se records: or 3. the accounts do not comply wrth the applicable requifem8nts cOnclD9 the forrn and ntent of accounts set out in Iho Charth"es {Accounts and ReFrfJrtsl RegulatK)ns 21K)8 other than any requirement that the accounts give a 'try and fair vw4' whth is r1 a matter consMJered a8 part of an indepeThJent examinton. I have no ncernS and have com8 across no other matters In o)nnecv)n wrth the examination lo which attention should be drawn In Ihls report In der to 8n8b18 8 prop8r underslandirvJ of ttr accounts to be reached. M D Smrth FCA 47 The Willows Litlie Haffowden wellingroUgh Northants NN9 58J 3 December 2022 sCanw12DE2id 7 3110112023 11-.52
THE PROTESTANT ALLIANCE STATEMENT OF FINANCIAL ACTIVITIES Total Funds 2022 Total Funds 2021 Funds Inccrfne Funds INCOMING RESOURCES 22.725 71 1,494 1.353 24,078 63,480 71 31 1.501 111 Sak8 of books and pamphlets Investsnent inLxxne TOTAL INCOMING RESOURCES 24.290 25.650 63.622 RÉSOURCES EXPENDED Cost of trkS arml pamphlets for salo Charltable activities 89 89,183 89 18 89.233 104.375 TOTAL RESOURCES EXPENDED 89.272 89.322 104,393 N•t Incorn• l {•xp•ndftur•) for th• y•ar {64,982) 1,310 (63.6721 140.771) Net gain on fixed as8et investrn8nts 13.188 13.188 Translers befvmen fund8 NET MOVEMENT IN FUNDS ft*r th• y••r 151.794) 1,310 (50.4841 140.771) RECONCILIATION OF FUNDS Total funds lor4¥ard 318,385 16.429 334.814 375.585 TOTAL FUNDS CARRIED FORWARD £266.591 £17.739 £284.330 334,814 sCanw12DE2id 8 3110112023 11-.52
THE PROTESTANT ALLIANCE BALANCE SHEEf AT 31 IAARCH 2022 2022 Total Funds 2021 Total Funds Unrestricted Funds Restrlcted Income Fund5 Notes FIXED ASSETS TanEible Fixed Assets Investment Assets 36.680 I13.3 36,680 113,iJ)3 39,218 240.392 Totsl Flxed Assets 149.683 149.683 279.610 CURRENT ASSETS Stocks Debtors Charitie5 Deposit Funds Cash at Bank and in Hand io li 516 516 3.117 17.584 116.407 605 1,233 16,577 41,153 249 16.578 912 115,495 Total Currert Assets 119.885 17.739 137,624 59,568 CREDITORS: Amounts f•lllni due wlthln one ytar 12 12.9771 {2.9771 14,3641 NET CURREMT ASSETS 116, 17.739 134,647 55.204 TOTAL ASSETS LESS CIJRRENT UABILmE5 266.591 17,739 284,330 334,814 FUNOS OF THE CHARITY Restricted Funds 13 17.739 17,739 16,429 Unrestricted Funds 266.591 266.591 318,385 TOTAL CHARITY FUNDS 266.591 17,739 284,330 334,814 These finanal statements Yre approved by the Trustees on 3 December 2022 and signed on their behalf by C BANKS Chaian sCanw12DE2id 9 3110112023 11-.52
THE PROTESTANT ALLIANCE NOTES TO THE FINANCIAL STATEMENTS R THE YEAR ENOED 31 MARCH 2022 ACCOUNTING POUCIES {a) Bails of pr•paratlon and asgossm•nt of golng COnM The financial statements have been wepared under the histon'cal Lx)st convention ttems re¢L3nised al cost Lv transacti value unless othe15¢ ststed In the relevant 18(5) to these accounts. The financ1 ststemenis have t)een prepared in accordance wth the Statement of Recomm8fKled PraC"ce.. Accountsry aThJ Repcyb'ng by chare5 preparing their accounts in accordance with the Financpl Reports"ng StarKlard applicabl8 in the UK and Republic of Ireland {FRS 1021 issued on 16 July 2014 and the Financial ReFth'ng Standard applicable in the Uniled Kingdom and Republic of Ireland IFRS 102) and Charrties Act 2011 and UK Generally Accepted Practs'ce as rt applies from 1 January 2015. Tt tharlty conststutes a wblic benefft entity as defined by FRS 102. The financial statements have tsen prepafed on a uN)ing (x]nc ba$ although the TNslee$ are aware that pTrsent bvels of voluntsry Inco exaIn9 legx$ are inadequate to 5UStain the Cent levels of expenditure. The Trustees. iudgement is that the charity remains a gn9 ncern. Assets and liabllrtS are InitllY recognised at historical cost or transacl#)n value unl888 Otherwise staled in the relevant accountirwJ tM)Iw rX05. (b) Funds •tructur• Th8 chanty has both unrestricted and restrKled income lunds. Unrestricled Incorn funds compnse those funds vthich the TnJstees we Iree lo use ft)r any purFQ88 in furtherance of the chantat8 obJerAs. Resln'cted fur¥Js are lunds which are to be used in acc(dance with speok re8tn'clK)ns imposed by the dornr. Further details of each fund arn dtscjosgd in noie 13. (¢) Incom• r•cognftlon All income is reccM3nised once the charity has entiement to the ino)Th. il is probable that the income will be receNed arKI the affKwnt of income r¢ceivatde can be moasurad reliaw. Lknnalions are recognised when the chanty has beon nots.fied in WTrtirq of t>oth aryK)unt and settlem8nl dale. Legacy gifts are fe¢ognised on a ¢8s6 by $6 basis lcdh).n9 the grantlng of probate when tha administratorlexeculor ts the 8state has c4mmunicated in Tth'rvJ Lth the amnt and settlemenl dale. Interest on furKls W on deFWt is induded when recerrfable and tho an1n1 can ba moasured reliably by tho chanty; this is nornalty UF notrfrats'on of the interest P8KI payable by the bank. (d) Exp•ndltur• r•cognlth>n Liabilibes are recognis a$ expeThJitur6 as soon as there Is a legal w constructjve obligatK)n commrtting the charity to thal exFendrture. it is probabb8 that settlement will be required and the amount of the OblatiOn can b8 m8asured relsabty. AJI expendrture ts accounted ft)r on an accruals basis. All expenditure in¢ing SUPFth $ts ar#J govemarKe costs is shown in note 6 undor applicable headings. Irrecoverable VAT is Chty as a o)st against the a¢liwty for which the expenditure was incurred. le) Allocatlon of support and gov?rnanc• co¥ts SupF4Jt costs in relatjon to (bartsble xkn"wb"es have been allocated bel*wn govemance Ix)sts a1 olher supp)rt costs. Governance o)sts compnse all costs Invcdving the publK accountability of ihe charity and its compliance regulatM)n and good indJ1 costs related to irmlependent examination. sCanw12DE2id 10 3110112023 11-.52
THE PROTESTANT ALLIANCE NOTes TO THE FINANCIAL STATEMENTS OR THE YEAR ENDED 31 MARCH 2022 NTIN ED ACCOUNTING POLICIES (COIITINUEDI lfj Fx•lgn ¢urr•n¢l•• Assets and liabilibes in lty0n rrenc189 are translated into sterfig at tho rates of exthary ruling at the balance sheet dato. Transact19 in loreon currencies are translated into slerting al an avernge rale of ox¢hango for the yoar. Ex¢honge drflerences are taken into account in arriving at the net SuU$ N defvl. {g) T•nglbl• flx•d a•••ts and d•pr•cl•tlon All assots 0)stlng morn than £500 arn c4Pitalised and valued at historical (x)st. Doprociotkn h chargod M.. plant and equiwn8nt (office stJ)I at 10% per annum reducing balance plont and equlpment lotsfl at 25% per annum on rndu9 balanc• motor vehide$ al 2S% on reducing balance. (hl Flx•d a•••t Inv••lm•nt• The freehold inve$trnent proFety was sold during the year. Some of the prd$ have been invested In a COIF long-tem rnvestment fvnd. Thk8 inveslment is valued al fair value at the balance sheet dote. R•all••d galn• and Io•M• All gains and losses are taken lo the Statement of Financial ActNi1 as they arise. Realised goins and losses on investments 8r8 calcu18ted as difference belween sales FKocaed$ 8nd their c4ffwng value. Unrealised gains and losses are cal1818d a8 the ditlerence bellen the fair value 81 the year end and their c4rying value. Reall8ed and unrealised ve8trn gains and10s888 arn combln&J In the Statement of Financial Activities. Sto¢k$ Stocks, comprising tkS and liternturo, are valued al fair valuo. the lower of cost and nel rea118abl8 value. {k) P•n•lon• The ¢hority ha$ opernted a defined e4)ntn"trMJtion"mn8y purchase" scheme dunng the year. Th8 charity contribution 1$ r¢$trKted lo the contributn5 disdos8d in note 7. The costs of Ihe defined contribution $chem8 are induded wlthln supp)rt costs in note 6. All pabj staff are enrolled in the NalN)n81 Employment Supef8nnuatk)n Trust (NESTI. sCanw12DE2id 11 3110112023 11-.52
THE PROTESTANT ALLIANCE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 NTIN ED Unfestricted Restricted Funds Funds Total 2022 Total 2021 SUBSCRIPTIONS, OONATIONS AND LEGACIES Oon81ions. grfts. and subscriptlS Iincluding Grft AKI lax reeoveratAe} Offenngs at meetsngs Legacies 15,873 1.353 17,226 53,383 6.852 6.852 6.380 3.717 £22.725 £1,353 £24.078 £63.480 INVESTMENT INCOME DivKiends receivable on Investments Interest on cash deposits 1.443 51 1.443 58 111 £1.494 £7 £1.501 £111 BOOKS AND PAMPHLETS The charity derived income of £7112021.. £311 from sales of b(y)ks and pamphlets wrth a &yreSpIdIn9 of £8912021.. £18). ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES Gfants made Govemance costs SUP ¢osts 89.233 89.233 104,375 £89.233 £89,233 £104.375 10 sCanw12DE2id 12 3110112023 11-.52
THE PROTESTANT ALLIANCE NOTES TO THE FINANCIAL STATEMENTS SUPPORT COSTS Support costs in relation to charitable activities are given below: . 2022 2021 GENERAL SUPPORT Stslionery. Pnnting and Poslag8. indlIng Tr Refom IT costs12022'. indudiThJ £50 re Lithuanian FH1) Consumable equipment Travd. motor and accomrnodation Stsff costs (Note 71 Books and reports Premises and offe costs 06preciatn and k)sses on dis[15 Lossllgainl on exchange rate 3.570 391 1.151 3,302 81.992 147 6.801 201 5.201 68.759 6,121 7.336 (178) GOVERNANCE Ind8P8ndent examination TOTAL £89.233 £104,375 STAFF COSTS 2022 2021 Gross Salaries Employer's Nalional Insurance Employer's P6n$ion Contributions (Note 15) Redundancy costs 47,189 2.251 2.332 16.987 73,284 £68.759 £81,992 No employee received emduments in excess 01 £60.0(Kl dunTrJ the year. The average monthly head count was 2 staff12021.. 21 ar tho average number ol full-time equNalenl 8mpbyees {including part-time stsff) during the year was 1.5 (2021.. 21. Employee benefft$ in the form of a are provKJ8d lo Gerornl Secretary lor travel lo preaching and lecture eroagements and county shm. Privote u$8 is aN(y•Md tmrt al the indivKlual's own expense. Mr Marco Reale was made reduThJant durirwj the year at a comwted Cost of £16.987. 11 sCanw12DE2id 13 3110112023 11-.52
THE PROTESTANT ALLIANCE NOTES TO THE FINANCIAL STATEIAENTS YEAR ENDED 1MAR TIN TANG18LE FIXED ASSETS Plant and Equipment Motor Vehides Tolal Cost or Valuation At 1 April 2021 Addrtions DI$Fosals 70,852 13,237 {21.939) 52.767 3.228 (3.8541 18.085 10.009 {18,085) At 31 Marth 2022 62.150 52.141 10.009 Depreciation Al 1 April 2021 Charge for the year Disposals 31.634 7.016 {13.180) 21,178 4.514 12.7241 10.456 2,502 110,4561 Al 31 Marc*b 2022 25.470 22,968 2.502 Net BcM)l( Value At 31 Marth 2022 £36.680 £29.173 £7,507 Al 31 Mafth 2021 £39.218 £31,589 £7.629 INVESTMENT ASSETS Long-Tem Investment Inv6$trnent Property Total Fair v81ue 81 1 Apfil 2021 Additions lo investments Net disposal pr(Keeds Net gainllh)ss) on disFM)saV revaluat 240.392 120,¢J)O 1260.577) 13.188 240.392 120.000 {260.5771 20.185 16.997) Fair value at 31 Marth 2022 £113.IX13 £113.003 The freehold house in Manor Road, Marslon Moretsine. held as an investrnent property, was disposed of during the year. Scffie of the proceeds have been reinvested in a long-teryn investrnent wrth the COIF char"&$ Investrnenl Fund. This investment is liable lo fluctuations in value according lo market ConditnS. The reduction in value fefiected above is expected to b8 lemFX)rary. 12 sCanw12DE2id 14 3110112023 11-.52
THE PROTESTANT ALLIANCE NOTES TO THE FINANCIAL STATEMENTS 2021 10 8TOCK Books and Literatwe £516 11 DEBTOR8 1.917 1,233 £3.117 £1.233 12 LIABILmE8: AMOUNT8 FALLING DUE virrHIN ONE YEAR Sodal SoTIty and other Tax Accruals 2.977 3.955 £2.977 £4,364 13 RESTRICTED FUNDS At 1 Awl In(xxniry i)JigoiNJ 2021 Re8wrix8 Re8tyJrco8 Trnn8fer8 Al 31 Mar 2022 Ltthuanian General Fund Protestant Memorial Fund Hardlng Mewthal Fund 13.705 2,320 404 {50> 15,014 2,321 £16.429 £1.360 £(50) £17.739 The Llthuanlan Genernl Fund was 88tab118hed io ro8CrfXC88 wlthln Lllhuania In accordance wrlh the objects of the carity. Th8 Protestant MeTh)rlal FurKI wa$ rylglnoy establlshed as the Oxlcyd Mamorlal Fund to renovate a Martyrs Merrnrial in Oxford. The Thomas Hardng meffM)rial at Ctrosham needs to be renovated and the Hardlng MonKKtsI Fund for this purkM)se 18 being depw in supF*Jl of 8 thirdyty initkqtive. 13 sCanw12DE2id 15 3110112023 11-.52
THE PROTESTANT ALLIANCE NOTES TO THE FINANCIAL STATEMENTS R THE YEAR ENDED 31 MARCH 2022 CONTINUED 14 PENSION SCHEME The charity operaled a defined Cl1nbUtltln scheme during the year. The assets of the scheme are held separately from those of Ihe thanty in independently administered funds. The employerfs pension contribulbons paKJ during the year amounted to £2.58212021.. £3,664). The charity had no material outslanding otAigatsons al trbe year end. 15 TRANSACTIONS WITH TRUSTEES No trustee received remunerat or rn1Mtrsenl of expenses during the year {2021'. nill. 16 CONTINGENT ASSETS The charity has been noIrfd that rt is It* benefry under wills ol people vtho have died recently. However al the present time rt 1$ not wacticable to quantify the amounts whth might uttimately evenluale to th8 chanty. 14 sCanw12DE2id 18 3110112023 11-.52