THE PROTESTANT ALLIANCE
RT AND FINAN
FOR ThE YEAR ENDED 31 AIARCH 2022
Charlty R•gl$trntlon Numb•r 237987
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THE PROTESTANT ALLIANCE (Charlty Reglstrat5on Numbor 237987)
CONTENTS
REPORTS
Page
Report of the TNstO8S
Rep(xt of tho Irthpendent Examir*ef
FINANCIAL STATEMENTS
ststem8nl of Financial Acbvitses
Balance Shoot
Notes to the Financial Statsments
8-14
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THE PROTESTANT ALLIANCE
END
Trustees present th8ir annual r8WXt aThJ financial stal8m&nts of the Charity for the year ended 31
March 2022. The financial statements have been FKepared in acc(Kdance wrlh the accounting Frt)Iici8S
sel out in note 1 to the acC￿nts and c£*mrdy with the charity's trusl deed. the Charrtie$ Act 20118nd
Accounting aryj Repcxb"ng by Ch8rrh"es". Ststemenl of Recommended Practice applicable to charities
preparing their accounts in ac￿danc￿ 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 Caltr￿1￿. 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 &￿p￿ra1 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 rel￿1 of povety arwj a(fvancem8nl ol rel￿10n
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 $53 10
Attending Cwnty arKI Agriculiural shm.
Sup￿ting the Protestsnl cause in Lithuania ty hdping with provision of good Blbliul
literature.
It is the firm and un$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 Bibl￿al 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 IMI￿sural￿O.
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 a￿stanCe of volunteer5 in admintstrallon at nll cost to the charity.
FINANCIAL REVIEW
FINANCIAL REPORT FOR THE YEAR
Oetails ofthe fin8ncial FO$￿0n ol Th8 Protestsnt Ajliance for th6 year ended 31 March 2022 are shown
on pages 6 to 14. Th8 furKls have been lo the objects of the charity in ar￿dance wth the
Statem8nt of Financial Activities on page 6.
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THE PROTESTANT ALLIANCE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 (CONTINUED)
Totsl income r￿￿e£l the year was £25.650 {2021.' £63.6221 of £1.360 {2021: £1.9461 was
restricted. Th8 deficit on pneral unrestri(led lund before nel gains on investments was £64,982
{2021'. £42,717). The surplus on r8strirt8d fuThJs was £1.310 {2021'. £1,946). Th& total defi￿1 before
net gains on investh￿nts was £63.67212021.' £40.771 }. Net gains on investments were £13,188
12021.. £-l. resulbr4J in an overnll net deficrt of £50.484 {2021: £40.771).
The Protestant Ajliance has been opwatsry on a deficit on ts General Fund lor some years which
has rèsufted in Its reseryes beiThJ pro3fossNely diminish&J. Wrth the need to r¢duL* onwing operatsrvJ
costs in mind. the TNstees decNJed on 10 Aw"12021 to er¥Jage in a redundancy scheme. and Mr
Marco Reale was made redundant at a cost lo chanty of £16.987. In August 2021 the fr8ehold
investment proF￿Y was scAd. which greaty impyoved IiquKIty.
Present levels of voluntsry income oxdLMJirvJ 16gaoos aro In8d￿u81e to SU8tsin current 18vels of
expenditure. The dedining in￿rne in recent years rollects the diminishiThJ ￿nstItuenCY of Protestant
chnst￿nty in th8 Untted Kingdom. H(y•￿Ver. the parb'cular r8dLKbon in our incoTh this year was
due to our magazin8 ￿1 t￿.n9 produceo. A ccfficertoo effort is rthy boiry made to rnstore the
publicati￿ ol fwr regular editK)n8 of Tr Refcmmrf 8aL* yow.
Th8 websrte is being updated the intrc•Juction of digital subS(n'pt￿nS and online dOnat￿nS. whith
sh￿Id lead to increased income. The c￿nC￿ 1$ grateful lo $upporter5 fw their contsnued Sac￿￿181
giving. FurKl$ 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& 1xc￿ls8 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 th￿r 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 $ub8lanbal reduction in SubS(￿p￿￿ and donal￿nS receNed.
GRANT-MAKING POLICY
11 is the of Cwncil to make grants from timo to tirne in acxx)rdanc• tmth th8 ch8rWs
objectives.
RESERVES POLICY
It 1$ the Foli¢y of th8 c￿ncil 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 C￿nCil and stsff wil ￿ntinue to wblish and distritArte The RefOr￿ff. 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$lees are the mmber5 01 the c￿n¢11 of Management affj elected by ff*mb8rs at
the Annual General Meetsng. They ¥e aprM)inted fty one year. Names of prosp8cts.ve Council
Members are consKlered by the C￿nCil arKI pYoFos•J * the Annual Genw81 Meets'ng. The Ch8imwn.
Deputy chairn￿n and Clark are aP[M￿'n1ed by the c￿n¢11 every year.
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THE PROTESTANT ALLIANCE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 (CONTINUED)
CTURE
RNAN
EMENT
TRUSTEES AND MEMBERS OF COUNCIL
C N Banks IChgim4nl, F R￿$fO￿l (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 $8J
BANKERS
Barclays Bank plc
3 Station Road
Flifywick
B8dford MK45 1JS
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THE PROTESTANT ALLIANCE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 PAARCH 2022 (CONTINUED)
TRUSTEES. RESPONSI8ILmES IN RELATION TO THE FINANCIAL STATEMENTS
The charity Trustees are reswnsible ts FYepanrvJ a Tn￿le9$. 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 appl￿ble 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 in￿ming resources and application of resources ol
the charity for that P8riod. In w8parirKJ the financial statem8nts, thè Truslees we wuir8d to:
select suitable acc￿n￿'re pc4￿18$ and then apply thom o)nstslenUy;
otiserve th8 methods and wnaF4es in the applicable Charities SORP;
make judgements a￿1 estimates that are rea$￿able arKI pwdent:
Stste whether applicable actounting slandwds have been followed. subj'ect to any material
departures disclosed arKI explair*d 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
ac￿raCY al any b'me the financial post1￿1 of the chanty and lo enable them lo ensure thal the financial
8tat8ments coM￿Y 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 deteCt￿n of fraud and other
l￿egUlar￿1eS. 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 stsler￿nts may drffer from *I￿a￿.0n in other
jurisdictions.
Approved by the Trustees on 3 Decern￿ 2022 and signed on their behall by:
C BANKS
ChaIm￿n
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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 aC￿UnIS ￿rned out under sectlon 145 of the 2011
Act and in carying out my examination I have followed all tho appliCa￿e Directions given by the
Charity Commission under Sect￿n 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 cOnc￿lD9 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 r￿1 a matter consMJered a8
part of an indepeThJent examin*ton.
I have no ￿ncernS and have com8 across no other matters In o)nnec*v)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
welling￿roUgh
Northants NN9 58J
3 December 2022
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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 tr￿kS 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
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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 finan￿al statements Y￿re approved by the Trustees on 3 December 2022 and signed
on their behalf by
C BANKS
Chai￿an
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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 COn￿M
The financial statements have been wepared under the histon'cal Lx)st convention ttems
re¢L*3nised al cost Lv transacti￿ value unless othe￿15¢ ststed In the relevant ￿18(5) to these
accounts. The financ￿1 ststemenis have t)een prepared in accordance wth the Statement of
Recomm8fKled PraC￿"ce.. Accountsry aThJ Repcyb'ng by char￿e5 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￿ ex￿￿aIn9 legx￿$ are inadequate to 5UStain the C￿￿ent
levels of expenditure. The Trustees. iudgement is that the charity remains a g￿n9 ￿ncern.
Assets and liabllrt￿S are Init￿llY recognised at historical cost or transacl#)n value unl888 Otherwise
staled in the relevant accountirwJ tM)Iw r￿X05.
(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 chantat￿8 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 enti￿ement 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 ￿$6 basis lcdh)￿.n9 the grantlng of probate when tha
administratorlexeculor ts the 8state has c4mmunicated in *Tth'rvJ Lth the am￿nt and settlemenl
dale.
Interest on furKls W on deFWt is induded when recerrfable and tho an￿1n1 can ba moasured
reliably by tho chanty; this is nornalty UF￿ notrfrats'on of the interest P8KI ￿ payable by the bank.
(d) Exp•ndltur• r•cognlth>n
Liabilibes are recognis￿ a$ 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 Obl￿atiOn can b8 m8asured relsabty. AJI expendrture ts accounted ft)r on an accruals basis. All
expenditure in¢￿ing SUPFth ￿$ts ar#J govemarKe costs is shown in note 6 undor applicable
headings.
Irrecoverable VAT is Chty as a o)st against the a¢liwty for which the expenditure was incurred.
le) Allocatlon of support and gov?rnanc• co¥ts
SupF4Jt costs in relatjon to (*bartsble xkn"wb"es have been allocated bel*wn govemance Ix)sts a￿1
olher supp)rt costs. Governance o)sts compnse all costs Invcdving the publK accountability of ihe
charity and its compliance regulatM)n and good ind￿J1￿ costs related to irmlependent
examination.
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THE PROTESTANT ALLIANCE
NOTes TO THE FINANCIAL STATEMENTS
OR THE YEAR ENDED 31 MARCH 2022
NTIN
ED
ACCOUNTING POLICIES (COIITINUEDI
lfj F*x•lgn ¢urr•n¢l••
Assets and liabilibes in lty0￿n ￿rrenc189 are translated into sterf*ig at tho rates of exthary ruling
at the balance sheet dato. Transact1￿9 in loreon currencies are translated into slerting al an
avernge rale of ox¢hango for the yoar. Ex¢honge drflerences are taken into account in arriving at
the net Su￿U$ 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 st￿J￿)I at 10% per annum ￿ reducing balance
plont and equlpment lotsfl at 25% per annum on rndu￿9 balanc•
motor vehide$ al 2S% on reducing balance.
(hl Flx•d a•••t Inv••lm•nt•
The freehold inve$trnent proFety was sold during the year. Some of the pr￿d$ 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 cal￿1818d a8 the ditlerence bell￿en 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 t￿￿kS 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 contribut￿n5 disdos8d in note 7. The costs of Ihe defined contribution
$chem8 are induded wlthln supp)rt costs in note 6. All pabj staff are enrolled in the NalN)n81
Employment Supef8nnuatk)n Trust (NESTI.
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THE PROTESTANT ALLIANCE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
NTIN
ED
Unfestricted Restricted
Funds
Funds
Total
2022
Total
2021
SUBSCRIPTIONS, OONATIONS AND LEGACIES
Oon81ions. grfts. and subscript￿lS
Iincluding Grft AKI lax reeoveratAe}
Offenngs at meetsngs
Legacies
15,873
1.353
17,226
53,383
6.852
6.852
6.380
3.717
£22.725
£1,353
£24.078 £63.480
INVESTMENT INCOME
DivKiends receivable on Investments
Interest on cash deposits
1.443
51
1.443
58
111
£1.494
£7
£1.501
£111
BOOKS AND PAMPHLETS
The charity derived income of £7112021.. £311 from sales of b(y)ks and pamphlets wrth a
&yreSp￿IdIn9 of £8912021.. £18).
ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Gfants made
Govemance costs
SUP￿ ¢osts
89.233
89.233 104,375
£89.233
£89,233 £104.375
10
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THE PROTESTANT ALLIANCE
NOTES TO THE FINANCIAL STATEMENTS
SUPPORT COSTS
Support costs in relation to charitable activities are given below: .
2022
2021
GENERAL SUPPORT
Stslionery. Pnnting and Poslag8. ind￿lIng Tr Refom
IT costs12022'. indudiThJ £50 re Lithuanian F￿H1)
Consumable equipment
Travd. motor and accomrnodation
Stsff costs (Note 71
Books and reports
Premises and off￿e costs
06preciat￿n and k)sses on dis[￿15
Lossllgainl on exchange rate
3.570
391
1.151
3,302
81.992
147
6.801
201
5.201
68.759
6,121
7.336
(178)
GOVERNANCE
Ind8P8ndent examination
TOTAL
£89.233 £104,375
STAFF COSTS
2022
2021
Gross Salaries
Employer's Nalional Insurance
Employer's P6n$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$8 is aN(y•Md tmrt al the
indivKlual's own expense.
Mr Marco Reale was made reduThJant durirwj the year at a comwted Cost of £16.987.
11
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THE PROTESTANT ALLIANCE
NOTES TO THE FINANCIAL STATEIAENTS
YEAR ENDED
1MAR
TIN
TANG18LE FIXED ASSETS
Plant and
Equipment
Motor
Vehides
Tolal
Cost or Valuation
At 1 April 2021
Addrtions
DI$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 Condit￿nS. The reduction in value fefiected above is expected to
b8 lemFX)rary.
12
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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 So￿TIty 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 c*arity.
Th8 Protestant MeTh)rlal FurKI wa$ rylglno*y 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
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THE PROTESTANT ALLIANCE
NOTES TO THE FINANCIAL STATEMENTS
R THE YEAR ENDED 31 MARCH 2022
CONTINUED
14 PENSION SCHEME
The charity operaled a defined Cl￿1nbUtltln 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 rn1Mt￿rse￿nl of expenses during the year {2021'. nill.
16 CONTINGENT ASSETS
The charity has been noIrf￿d that rt is It* benef￿￿ry 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
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