2021-03-31-accounts - The Fellowship Of St Alban And St Sergius

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				Page
Annual Report ofthe Trustees				1-8
Independent Examiner's Report				9-10
Statement of Financial Activities	(including	Income and Expenditure	Account)
Balance Sheet				12
Statement ofCash Flows				13
Notes to the Financial Statements				14-20

			2021	2020
			F
Cash flows from operating	activities
Net movement in funds for	the year		195,469	(234,580)
Adjustments for:
Investment income			(51,956)	(65,246)
Net (gain)/loss on investment assets Decrease/(increase) in debtors			(183,037) 3,675	247,811 (3,366)
Increase/(decrease) in creditors			~33 924	12420
Net cash generated from operating		activities	49 773	42 961
Cash flows from investing	activities
Investment income			51,956	65,246
Payments to acquire investments Receipts from sales of investments			(175,309) 189 169	(19,763) 30098
Net cash generated from investing		activ/ties	f65 816	875 581
Net increase/decrease in cash and cash equivalents			L16,043	F32,620
Cash and cash equivalents	at 1 April 2020		38526	5906
Cash and cash equivalents	at 31 March 2021		F54 569	f38526
Cash and cash equivalents	consist	of:
Cash held with;
Redmayne Bentley			11,076	1,878
CCLA			25,307	307
Barclays Bank			12,468	34,907
PayPal			5,269	1,070
Banco Santander			449	364
			F54 569	F38526

FIXEDASSETS INVESTME	N	TS
			Special	Endowment	Total	Tota
			Funds f	Funds f	2021	202(
Investments at market value comprise:
Quoted investments within Quoted investments outside	the UK the UK		176,689	1,049,143 149358	1,225,832 149358	1,092,43( 11357.'
Total investments excluding		cash	176,689	1,198,501	1,375,190	1,206,01:.
Cash at Redmayne-Bentley		—capital		11,076	11,076	1,971
account
Total investment assets			E176689	E1 209 577	E1 386266	E1 207 891
Quoted investments
Market value at 1 April 2020 Additions at cost			143,456	1,062,557 175,309	1,206,013 175,309	1,464, 15& 19,76:.
Disposals at carrying value Net realised gains/(losses) on sales Net unrealised gains/(losses) on valuation			33,233	(189,169) 9,129 140,675	(189,169) 9,129 173,908	(30,098 (673 (247,138
Market value at 31 March 2021			E176689	21 198501	81 375 190	E1 206 011
Historical cost at 31 March		2021	E128894	E930551	E1 059445	61 03313:
Unrealised net gains on investment			F47 795	f267 950	f315745	f16935(
assets

FIXEDASSETS INVESTMENTS (continued) Value ofinvestments held exceeding 5%ofthe	FIXEDASSETS INVESTMENTS (continued) Value ofinvestments held exceeding 5%ofthe	investment	portfolio	2021	2020
M&G Investment Management Limited Charifund		Inc		f176,689	f281,189
				12.84%	23.31%
		Special	Endowment	Total	Total
3.	INVESTMENT INCOME	Funds f	Fund	2021f	2021
	Income from UK quoted equities		27,128	27,128	32,745
	Income from UK quoted unit trusts	7,740	7,620	15,360	26,387
	Income from UK quoted bonds Income from foreign quoted equities		5,161 4,307	5,161 4,307	1,235 4,879
	Total Income from quoted investments	f7 740	f44 216	f51 956	f65 246
		Page		Total	Total
4.	DONATIONS AND LEGACIES			2021f	2020
	Subscriptions			13,894	14,007
	Conference payments				8,220
	Gift Aid relief			973	929
	Donations			120	290
	Publications			644	871
	Royalties and Legacy			45	20,025
				f15676	f44 442
5.	CHARITABLE ACTIVITIES
	Expenditure on Charitable Activities;
	Charitable grants made (see note 6)	17		(9,700)	15,308
	Publication expenses			7,096	9,673
	Annual conference				7092
	Governance costs (see note 7)	17		(2,604) 53 153	32,073 59030
	Total Charitable Activities			f50 549	f91 103

			2021 f	2020f
CHARITABLE GRANTS	MADE
Oxford Theological Exchange Programme		(OTEP)	(10,000)	10,000
The Athens Bureau				3,000
Pusey House Theological	Conference
Anglican Orthodox Moscow Meeting				1,000
Russian Orthodox Conference
				14,000
Special Fund travel grant	1—(2020 x6)		300	1,308
Special Fund library fund	grant
Total charitable grants made (see note		5)	fg 700	f15308	(
GOVERNANCE COSTS
Salary costs (see note 8) Rental expenses			44,314 5,735	43,445 5,590
Director and general secretarial expenses			90	3,471
Administration expenses			697	1,744
Hospitality				1,964
Office expenses			675	1,080
Telephone and post Insurance			805 687	966 520
Publicity				150
Subscriptions			150	100
Total governance costs	(see note 5)		553 153	f59030

8.	SALARIES			Page	2021 E	2020 E
	Net Salary payments were	made to:-
	M Johnstone (Treasurer)				6,718	6,605
	The Very Revd Stephen Platt		(General Secretary)		21,605	21,150
	The Revd Dr Kristian Akselberg PAYE & NIC Pension contributions				5,567 7,207 3,217	5,456 7,080 3,154
Total	salary costs (from note 7)				E44 314	f43 445
9.	COST OF RAISING FUNDS
	Investment management fees			11	f4 651	E5354
10.	DEBTORS
	Investment income in course of collection				5,927	7,707
	HM Revenue &Customs -	Gift	Aid reclaim		1,829	3,724
				12	E7 756	E11431
11.	CASH DEPOSITS HELD
	Barclays Bank —community	account			12,468	34,907
	Redmayne Bentley —capital	account			11,076	1,878
	PayPal account Banco Sntander —business	account			5,269 449	1,070 364
	CCLA —Church of England	deposit account			25,307	307
					E54,569	f38,526
	Less: Investment cash reported		under note 2		(11,076)	(1,878)
					E43493	f36648