2021-12-31-accounts

I	Annual Report ofthe Trustees	3-20
2	Independent Examiner's Report	2I
3	Statement ofFinancial Activities	22
4	Balance Sheet	23
5	Notes to the Financial Statements	24-32

Year	Radio/Audio	Television/Video	Children's	Other*	Journalism	Total
2021	57	37		88	14	207
2020	82	47	14		20	163
2019	71	36	22		35
2018	85	37	13	23		158
2017	86	46	16	31		179
2016	63	35	16	19		133
2015	73	24	23			120
2014	29	18		13		60
2013	35	17				52
2012	55	15				70
2011	45	24				69
2010	61	27

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			Notes
				2021		2020
Fixed Assets
Tangible assets					584		1,168
Investments					959,885		869,923
Current assets
Debtors				917		513
Cash held for	Investment			928		2,848
Cash at bank				62,343		122,978
				64,188		126,339
Current liabilities
Amounts falling dua within		one year	8	(13,395)		(6,180)
Net current	assets				50,793		120,159
Net assets					1,011,262		991,250
Represented	byt
Unrestricted	Fund		10		7,323		8,327
Restricted Fund			10		35,938		101,188
Expendable	Endowment	Fund	10		968,001		881,735
					1,011,262		991,250

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			Fund	Fund	2021	Fund	Fund	2020
			6			6
	Donations	received	27,724	26,500	54,224	29,290	176,405	205,695
			27,724	26,500	54,224	29,290	176,405	205,695
2.2	Investments
			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			Fund	Fund	2021	Fund	Fund	2020
			6					6
	Investment	income	34,544		34,544	29,083		29,083
	Tax recoverable
	Bank interest		10		10	109		109
			34,554		34,554	29,192		29,192
	Total	Income	62,278	26,500	88,778	58,482	176,405	234,887

3	EXPENDITURE	EXPENDITURE
					Unrestricted	Restricted	Endowment	Total	Total
					Fund	Fund	Fund	2021	2020
					6
3.1	Raising funds
	investment management			fees			2,289	2,289	2,321
							2,289	2,289	2,321
3.2	Charitable activities
	Awards:
	Radio &Television		Awards			58,229		58,229	71,234
	Outreach:
	Church & Media Conference				142			142
	Entertainment/hospitality				25			25	75
	Public Relations	&Communications:
	Show reels &videos					1,212		1,212
	Website				980			980	489
	Marketing					20,594		20,594	6,271
	Governance:
	Trustees' meetings				234			234	476
	Independent	examiner		fee	1,100			1,100	458
	Advisory Groups				49			49	79
	Staff Contractors				37,957			37,957	33,980
	Staff Salaries				6,733	11,036		17,769
	Office Premises				10,775			10,775	10,835
	Office Computers				1,633	114		1,747	1,644
	Depreciation				584			584	584
	Administration				3,070	565		3,635	1,536
					63,282	91,750		155,032	127,660
	Total Expenditure				63,282	91,750	2,289	157,321	129,981
3.3	Staff Costs							2021	2020
	Wages and salaries							17,456
	Social security costs
	Other pension costs							313
								17,769

TANGII3LE	FIXEDASSETS
		Computer
		equipment
Cost
At 1 January 2021		6,975
Additions
Disposals
At 31 December	2021	6,975
Accumulated	depreciation
At 1 January 2021		5,807
Charge for year		584
At 31 December	2021	6,391
Net book value
at 31 December	2021	584
at 31 December	2020	1,168

FIXEDASSET	INVESTMENTS
		2021	2020
Fair valuation
At 1 January 2021		869,923	912,917
Acquisitions at cost		35,949	681,543
Sales proceeds ofdisposals		(34,542)	(684,735)
Realised (loss)/gain on	disposal	432	(192,060)
Unrealised gain/(loss)	on revaluation	88,123	152,258
At 31 December 2021		959,885	869,923
Cash held for investment		928	2,848
Total		960,813	872,771
Historic cost
At 31 December 2021		717,546	713,129
Comprising:
Multi-asset Funds		99	95
Alternatives - Property			4
Cash held for investment			1
		100	100

		2021	2020
Tax refunds	recoverable	43	43
Prepayinents		874	470
		917	513

		2021	2020
Trade creditors		9,399	2,000
Accruals		3,855	4,180
Taxation	and social security	1
Other creditors		140
		13,395	6,180

I0 FUNDS	I0 FUNDS	I0 FUNDS
							Net Gains
			Balance	Income	Expenditure	Transfers	(Losses)	Balance
			1.1.21					31.12.21
			f.					6
Unrestricted		Fund	8,327	62,278	(63,282)			7,323
Restricted	Funds:		101,188	26,500	(91,750)			35,938
Dulverton	Trust		2,288					2,288
AIIChurches		Trust	20,134	26,500	(33,522)			13,112
HDH Wills		1965Charitable	78,766		(58,228)			20,538
Endowment		Fund	881,735		(2,289)		88,555	968,001
			991,250	88,778	(157,321)		88,555	1,011,262

						2021
			Unrestricted	Restricted	Endowment	Total
			6			f
Fixed Assets					584	584
Investment		Assets			959,885	959,885
Net Current		Assets	7,323	35,938	7,532	50,793
			7,323	35,938	968,001	1,011,262
						2020
			Unrestricted	Restricted	Endowment	Total
Fixed Assets					1,168	1,168
Investment	Assets				869,923	869,923
Net Current		Assets	8,327	101,188	10,644	120,159
			8,327	101,188	881,735	991,250