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|Contents|||Page|
|---|---|---|---|
|Report ofthe|Trustees||1-4|
|Report ofthe|Auditors||5-7|
|Consolidated|Statement|of Financial Activities|8|
|Consolidated|Balance Sheet||9|
|Balance Sheet|||10|
|Notes to the|Financial Statements||11-16|
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|FOR THE Y|EAR ENDED|EAR ENDED|31STMARCH 2021|31STMARCH 2021|31STMARCH 2021|31STMARCH 2021||
|---|---|---|---|---|---|---|---|
|The trust is|registered as||a charity under reference
number 243305.|||||
|The trustees|during the year|||and to the date of signing||the report were:||
|||||Mr D H Frampton||(Chairman)||
|||||Mr Roger Carswell||(Appointed|12June 2020)|
|||||Mrs LJ Murdoch||||
|||||Mr RJ Powney||||
|||||Rev A Wingfield|Digby|||
|Key Management||Personnel:||The trustees 8 Mr||EThompson||
|Registered|Office|||The Old Boathouse, 41 Bridgefoot Path, Emsworth,||||
|||||Hampshire,
PO10||7EB.||
|The principal|professional||advisers
to the trust are:|||||
|Bankers:||||National
Westminster
Bank pic||||
|||||143 High Street||||
|||||Bromley||||
|||||Kent BR1 1JD||||
|Property Managers:||||Baxter Philips||||
|||||Northside
House||||
|||||69Tweedy Road||||
|||||Bromley||||
|||||Kent BR1 3WA||||
|Solicitors:||||Lawson
Lewis 8 Blakers||||
|||||11 Hyde Gardens||||
|||||Eastbourne||||
|||||East Sussex BN21 4PP||||
|Auditor:||||Jacob Cavenagh
&Skeet||||
|||||5 Robin Hood Lane||||
|||||Sutton||||
|||||Surrey SM1 2SW||||
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||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Note|E||
|Income from:|||||||
|Investment
income|||||405,742|439,565|
|Other|||||22 560|24 118|
|Total income|||||428 302|463683|
|Expenditure
on:|||||||
|Raising funds|||||||
|Investment
management||costs|||39,450|38,256|
|Charitable
activities|||||448 973|634011|
|Total expenditure|||||488 423|672 267|
|Net gainsl(losses)on|investment||assets||41 955|(330604)|
|Net expenditure|||||{ 18166)|(539188)|
|Net movement
in funds|||||( 18,166)|(539,188)|
|Reconciliation
ofFunds:|||||||
|Total funds brought|forward||||6963834|7503 022|
|Total funds carried|forward|||||695W34|
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|DEO GLORIA TRUST|DEO GLORIA TRUST|DEO GLORIA TRUST||||||
|---|---|---|---|---|---|---|---|
|NOTES TO THE FINANCIAL STATEMENTS||||||||
|FOR THE YEAR ENDED 31STMARCH||2021||continued||||
|2|INVESTMENT INCOME (AII UK)|||||2021|2020|
||Investment
properties|||||340,272|355,124|
||Listed investments|||||65 470|84441|
|||||||M45 7~4|4 956|
|3|CHARITABLE ACTIVITIES|||||||
||Activities|||Grant|Support|||
||undertaken|||funding|costs|2021|2020|
||directly|||ofactivities||||
||Ministry
93,594|||254,500|26,579|374,673|601,861|
||Education|||20,700|1,000|21,700|6,000|
||Help/support
activities|||51 600|1 ODO|52 60D|26 150|
||~93|94||326 8QQ|M25ZB|4~48
73|34
11|
||Staff costs|||||12,505|30,324|
||Office expenses|||||1,595|1,381|
||Property
and equipment|||||8,294|11,525|
||Audit and accountancy|||||6 185
28 .'~7|5 94D
4M1'|
|4|GRANTS TO INSTITUTIONS|||||||
|||||||2021|2020|
||Evangelism:|||||||
||10ofThose|||||10,000||
||Al Massira Trust|||||3,000||
||Altitude
Mission|||||3,000||
||Anna Chaplaincy||||||5,000|
||Association
of Evangelists|||||22,000|30,000|
||Ataloss||||||3,000|
||Christian
Television Association|||||23,000||
||Church
Army|||||3,000|2,000|
||Crown Jesus|||||3,500||
||Day One|||||5,000||
||Edge Christian
Ministries|||||3,000|3,000|
||Eurasian
Ministries|||||5,000||
||Evangelical
Alliance|||||2,500|25,000|
||Festive||||||3,000|
||Gideons
International|||||5,000||
||Glencroft Church|||||5,000||
||Hope|||||3,000|3,000|
||International
Needs|||||3,000||
||Kick London|||||5,000||
||Kidz Klub|||||5,000||
||Leading the Way|||||5,000||
||London
Institute
for Contemporary||Christianity|||6,500|8,000|
||Middle East Media||||||7,000|
||Missional
Generation|||||5,000||
||New Creations|||||6,500||
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||||2021||2020|
|---|---|---|---|---|---|
|SASRA|||10,000|||
|SAT7|||6,500||3,000|
|Share Jesus|International||6,000||2,000|
|Sportsreach|||12,500|||
|St Peter's Chertsey|||3,000|||
|UFM|||5,000|||
|United Beach Mission|||5,000||1,000|
|Urban Saints|||||5,000|
|Wycliffe Bible Translators|||6,500|||
|Other grants|under E3,000 each||66 000||65 700|
||||254 500|165700||
|Education:||||||
|PAIS|||3,200|||
|Spinnaker
Trust|||||1,000|
|Other grants|under E3,000 each||17500||4 000|
||||20 700||5000|
|Help and Support:||||||
|All Nations|||5,000|||
|Christian
Enquiry||Agency|6,000||7,500|
|Christian
Youth||Enterprises|5,000|||
|Cult Information||Centre|5,700||3,600|
|Dialog Centre|UK||7,500||6,000|
|International|Needs||||5,050|
|Off the Fence|||4,500|||
|Other grants|under E3,000 each||17900||3 000|
||||51 600||25 150|
|Life City Church||||207412||
|Total||||4|262|
|EMPLOYEES' AND|TRUSTEES' (MINISTRY) TRANSACTIONS||2021||2020|
|Gross salaries|||60,586|130,763||
|Employer's
national|insurance||1,937||7,890|
|Pension costs|||||1 020|
||||62 523|~19 6~7||
||||2021||2020|
||||No.||No.|
##
|6|TANGIBLE ASSETS||||Freehold|Freehold||||
|---|---|---|---|---|---|---|---|---|---|
||||||Property|||Equipment|Total|
||Group and Trust|||||||||
||Cost at 1st April 2020||||500,000|||862|500,862|
||Additions|||||||970|970|
||At 31st March 2021||||500|000||1 832|501 832|
||Depreciation|||||||||
||At 1st April 2020|||||||622|622|
||Charge for the year|||||||290|290|
||At 31st March 2021|||||||912|912|
||Net book value|||||||||
||At 31st April 2021||||504|00~||920|5&03%|
||At 31st March 2020||||50|00||240|0024|
|7|INVESTMENTS|||||||||
||(a)
Group|||||||||
|||||||||2021|2020|
||Market value|||||||||
||At 1st April 2020|||||||6,346,066|6,926,670|
||Disposals
Net gains/(losses)
on revaluation
At 31st March 2021||||||(
155,000)
52987
6244 053||( 250,000)
( 330604)
~~46 66|
||Investment
properties|||(all UK)|||4,708,000||4,863,000|
||Listed investments||(all UK)|||||1 536 053|1 483 066|
||||||||624~453|||
||Historical cost||||||3M157M||31~4~2|
||(b)
Trust|||||||||
|||||||||2021|2020|
||Market value|||||||||
||At 1st April 2020||||||6,347,666||6,928,270|
||Disposals
Net gains/(losses)
on
At 31st March 2021||revaluation||||(
155,000)
52 987
52~4+53||( 250,000)
( 330604)
6+4Qg66|
||Investment
properties|||(all UK)|||4,708,000||4,863,000|
||Listed investments|(all||UK)|||1,536,053||1,483,066|
||Subsidiary
undertakings|||(UK)||||1 600|1 600|
||Historical cost|||||||||
##
|FO|R THE YEAR ENDED 31|R THE YEAR ENDED 31|R THE YEAR ENDED 31|STMARCH 2021 (continued)|||
|---|---|---|---|---|---|---|
|8|CASH AT BANK AND|||IN HAND|2021|2020|
||(a)|Group|||||
|||Cash at bank|||43,479|145,503|
|||Cash
in hands|ofagents||80733|56 826|
||||||124212|2~02
2|
||(b)|Trust|||||
|||Cash at bank|||43,479|31,606|
|||Cash
in hands|ofagents||80733
12 22|56 826
88~42|
|9|DEBTORS AND PREPAYMENTS||||2021|2020|
||(a)|Group|||||
|||Trade debtors|||16,874|29,312|
|||Other debtors|||33,318|28,796|
|||Prepayments|and accrued income||11 351|11 124|
||||||61 542|6L212|
||(b)|Trust|||||
|||Trade debtors|||16,874|29,312|
|||Other debtors|||33,318|28,796|
|||Due from subsidiary|||78,245|27,027|
|||Prepayments|and accrued income||11351|11 124|
||||||~19~78|86M28|
|10|CREDITORS: Amounts|||falling due within one year|2021|2020|
||(a)|Group|||||
|||Other creditors|||86,344|88,036|
|||Accruals|||6,120|5,940|
|||Deferred income|||61 283|65757|
||||||~1747|%1~73|
||(b)|Trust|||||
|||Other creditors||||1,730|
|||Accruals|||6,120|5,940|
|||Deferred income|||61 283|65757|
||||||57 4~0|~7427|
|||Deferred income|||2021|2020|
|||Opening
balance|||65,757|65,803|
|||Rents relating|to current year||(65,757)|(65,803)|
|||Rents relating|to future periods||61 283|65757|
|||Closing balance|||61283|6525Z|
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|out below:|
|p|y|
|---|---|---|---|
|||2021|2020|
|Within one|year|27,084|27,250|
|Within two|to five years|27 084|54 168|
|||54 1M|81 4&1|
|The operating|lease charges for the year were:|||
|||2021|2020|
|Hire of plant and machinery|||662|
|Hire of buildings||36767|27 084|
|||~367 7|27M@i|