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|Contents||Page|
|---|---|---|
|Trustees'
report||1-3|
|Independent
Auditor's|report|4-6|
|Statement offinancial|activities||
|Balance sheet|||
|Notes to the financial|statements|9-17|
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|The principal|professional
advisers to the Trust are:||||
|---|---|---|---|---|
|Solicitors|Adams 8 Remers|Auditors|Jacob Cavenagh
8 Skeet||
||Trinity House||5 Robin Hood Lane||
||School Hill||Sutton||
||Lewes||Surrey||
||East Sussex BN7 2NN||SM1 2SW||
|Bankers|Barclays Bank Plc
63-67Terminus
Road|Investment
Advisers|Manorbridge
Management|Investment|
||Eastbourne||25 Ropemaker
Street||
||East Sussex BN21 3NE||London EC2Y 9LY||
|Investment|Strutt 8 Parker|Principal|Agmerhurst|House|
|Property|201 High Street|Office|Kitchenham|Road|
|Advisers|Lewes||Ashburnham||
||Sussex BN7 2NR||Battle TN33|9NB|
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|||||Unrestricted|Funds||
|---|---|---|---|---|---|---|
|||||2021|2020||
||||Note||||
|Income from:|||2||||
|Donations||||1,350|3,727||
|Rentals||||204,460|192,486||
|Investments||||57,568|80,228||
|Other sources||||1 345||784|
|Total income||||264 723|277|225|
|Expenditure
on:|||||||
|Raising funds||||124,549|171,318||
|Charitable
activities:|||||||
|Grants||||114,403|134,891||
|Support costs||||24 999|24|372|
|Total expenditure||||263 951|330|581|
|Net gains/(losses)|on investments|||425 761|345|839|
|Net income/(expenditure)||||426,533|( 399,195)||
|Total funds brought||forward||7814108|8213|303|
|Total funds carried||forward|||||
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||||2021|2020|
|---|---|---|---|---|
||||Total|Total|
|2|INCOME FROM:||||
||Donations||1 350|3727|
||Rentals||||
||Farm rents||5,150|5,150|
||Cottage rents||199,060|187,086|
||Garden
rents||250|250|
||||204 46D|192486|
||Investments||||
||Dividends
and interest||||
||on listed investments||55,627|79,078|
||Interest on cash deposits||1 941|1 150|
||||57 568|80 228|
||Other sources||||
||Penhurst
Churchyard||1,241|784|
||Book Income||104||
||||1 345|784|
||Total income||2 4723|277225|
|3|EXPENDITURE ON:||2021|2020|
||||Total|Total|
||Raising funds||||
||Investment
management||15,480|13,975|
||Property
management||34,574|57,457|
||Property repairs and|maintenance|69,205|95,924|
||Property
insurance||5290|3962|
||||124549|171318|
||Charitable
activities||||
||Grants —Individuals|and institutions|1144D3|134891|
||Support costs||||
||Secretarial assistance||20,799|19,762|
||Governance costs||||
||Audit fee||4,200|4,200|
||Trustees* expenses|||410|
||||24 999|24 372|
||Total expenditure||263 951|~305
1|
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|4|INVESTMENTS|INVESTMENTS||Investment|Listed|||
|---|---|---|---|---|---|---|---|
|||||properties|investments||Total|
||Market value|at 6 April 2020||6,340,000|1,352,015|7,692,015||
||Additions||||345,063||345,063|
||Disposals
Unrealised
surplus||in the year||( 376,917)
425 761|(|376,917)
425 761|
||Market value|at 5|April 2021|6 346 DDD|1 745 922|8|D85 922|
||Historical cost at||5April 2021|~4I~1|~2'~2|~2@422||
||||||MV||Cost|
||Listed investments||at market value comprised:|||||
||UK equities||||1,676,367|1,249,249||
||Fixed interest|investments|||36,778||39,245|
||Cash awaiting|investment|||32777||32 777|
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|---|---|
|TANGIBLE ASSETS|Furniture|
||and office|
||equipment|
|At cost||
|At 6 April 2020 and 5 April 2021|2907|
|Depreciation||
|At 6 April 2020 and 5 April 2021|2907|
|Net book value||
|5 April 2021||
|5 April 2020||
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|6|DEBTORS||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||Rents||||||7,474|2,346|
||Water recharges||||||1 076|2 258|
|||||||||~44|
|7|CREDITORS||||||2021|2020|
||Trade creditors||||||16,329|4,027|
||Deferred
rental income||||||7,361|6,889|
||Other creditors||||||1,250||
||Accruals||||||11,520|11,520|
||Current Accounts:||||||||
||Ash Tree Trust|||||||1 253|
||||||||~4~|~28|
|8|UNRESTRICTED FUNDS||||||||
||2021|Balance||||Invest-||Balance|
|||at||||ment||at|
|||6.4.20|Income|Expenditure
f||gains|Transfers|5.4.21|
||General reserves
Fixed asset reserves|122,093
7692015|264,723|(263,951)||425 761|31,854
(31 854)|154,719
8 085922|
|||~14~1|~2~72|(~2~1)||4~2/51|-|824~t~41|
||2020|Balance||||Invest-||Balance|
|||at||||ment||at|
|||6.4.19|Income|Expenditure||losses|Transfers|5.4.20|
||General reserves
Fixed asset reserves|148,253
8065 050|277,225
-|(330,581)
—||(345 839)|27,196
(27 196)|122,093
7692 015|
|||~21:~3|~277 22|(330+82)||(344JL39)||~71410|
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|9|STAFF COSTS|STAFF COSTS||2021|2020|
|---|---|---|---|---|---|
||Wages and|salaries||~27~|1B„LGG|
||The number|ofemployees|during the year was:|||
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|11
SCHEDULE OF GRANTS|11
SCHEDULE OF GRANTS|11
SCHEDULE OF GRANTS||||||
|---|---|---|---|---|---|---|---|
|Advantage
Africa|||||||800|
|Aitken Christian
Services|||||||500|
|All Nations
Christian
College|||||||350|
|Altitude
Mission|||||||500|
|Arts Centre Group|||||||500|
|Ashburnham
Chapel|||||||1,000|
|Ashburnham
Christian
Trust|||||||6,000|
|Ashburnham
Church PCC|||||||1,000|
|Ashburnham
and Penhurst||Village||Hali|||1,890|
|Ashburnham
School 8 Lunch|||||||350|
|Beachy Head Chaplaincy|Team||||||600|
|Care For The Family|||||||600|
|Care Trust|||||||1,250|
|Chichester
Diocesan Association||||Family Support||Network (FSW)|1,000|
|Chasah Trust|||||||1,300|
|Chichester
Diocesan Evangelical|||Fellowship||||400|
|Christian
International
Peacekeeping|||||Service||600|
|Christian
Praise Children's||Home|||||600|
|Crosslinks|||||||1,250|
|East Sussex Prayer Breakfast|||||||800|
|Edge Christian
Ministries|||||||300|
|Evangelical
Alliance|||||||1,846|
|Evangelical
Sisterhood
of Mary|||||||700|
|Freedom
in Christ Ministries|||||||1,000|
|Friends ofAshburnham
8|Penhurst|||Churches|||800|
|Hastings
Christian
Trust|||||||500|
|Hastings Street Pastors|||||||600|
|Helping
Point (India)|||||||600|
|International
Fellowship
of|Evangelical||||Students||600|
|International
Justice Mission||UK|(IJM)||||1,000|
|LAMA (Life And More Abundant)|||Ministries||||1,250|
|Lambeth
Partnership|||||||2,500|
|Latin Link|||||||1,400|
|Links International|||||||3,000|
|London School ofTheology|||||||750|
|Micah Trust|||||||2,250|
|New Destiny Trust|||||||4,000|
|Oak Hill College|||||||1,000|
|Open Doors|||||||1 500|
|Balance carried forward|||||||46,886|
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|11
SCHEDULE OF GRANTS|11
SCHEDULE OF GRANTS|11
SCHEDULE OF GRANTS|11
SCHEDULE OF GRANTS|(continued)|(continued)||
|---|---|---|---|---|---|---|
|Balance brought
forward||||||46,886|
|OMF International||||||2,200|
|Oxford Inter-Collegiate|Christian|||Union||500|
|Oxford Kilburn Youth Trust||||||550|
|Oxford Pastorate||||||500|
|Penhurst
Church PCC||||||600|
|Penhurst
Retreat Centre||||||2,500|
|Prison Fellowship||||||1,500|
|Release International||||||600|
|Royal Agricultural
Benevolent|||Institution||(RABI)|500|
|Royal British Legion||||||100|
|RZIM Zacharias
Trust||||||1,600|
|Scripture
Union||||||300|
|Sharing
Christ Internationally||||||1,500|
|Spinnaker
Trust||||||750|
|St Barnabas Hospice (Chestnut||||Tree House)||500|
|Stewards Trust||||||2,000|
|St Lukes Healthcare
for|the Clergy|||||1,000|
|StStephen's
Society||||||4,600|
|Sussex Historic Churches||Trust||||600|
|Swiss Church
in London||||||550|
|Tear Fund||||||850|
|The Lee Abbey Fellowship||||||250|
|The Speakers Trust||||||500|
|The Vincent Society (CMJ)||||||600|
|Titus Trust||||||1,000|
|Trinity Fellowship||||||1,200|
|Universities
8 Colleges|Christian|||Fellowship||1,100|
|Wonersh
8 Blackheath|PCC|||||1,500|
|Wycliffe Bible Translators||||||4,500|
|Youth with a Mission||||||720|
|||||||82,056|
##
|11|SCHEDULE OF GRANTS (continued)|||
|---|---|---|---|
||Charitable
grants to organisaiions
(as above)||82,056|
||Charitable
grants to individuals
(made to|11 individuals)|11325|
||Miscellaneous:|||
||Books and publications||253|
||Holidays
and assistance
for missionaries,|clergy||
||and other Christian
workers||20 769|
||Total ofunrestricted
grants|||