2021-12-31-accounts

Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2 to 4
Statement ofTrustees'	Responsibilities
Independent Auditors'	Report	6to 8
Statement ofFinancial	Activities
Balance Sheet		10
Cash Flow Statement
Notes to the Financial	Statements	12to 20

		The Very Reverend	Archimandrite	Archimandrite	Peter
		The Very Reverend	Archimandrite		Kyrill
		Thomas Carter
		Nicholas Meade
Charity Registration	Number	28244S
Principal Office		The Old Rectory
		Tolleshunt Knights
		Essex
		CM9 SEZ
Auditor		Just Audit &Assurance		Ltd
		37Market Square
		Witney
		OX28 6RE
Bankers		Barclays Bank Pic
		Leicester
		LE872BB
		Lloyds TSBBank Pic
		Market Square Aylesbuty
		BXI 1LT
Financial Adviser		Fairstone Financial	Management		Limited
		Chiltem Court
		Back Street
		Wendover
		HP22 6EP
Solicitors		Bawtree &Sons
		65Newland Street
		With am
		CMS 1AB

Stateme	nt of	Pinancial Activities	for the Year Ended	31December	2021
				Unrestricted	Unrestricted
				2021	2020
			Note	f
Income and Endowments		from:
Donations and legacies				658,388	566,719
Charitable activities				74,692	69,660
Investment income				131,059	271,660
Total Income				864,139	908,039
Expenditure on:
Raising funds				(48,693)	(23,339)
Charitable activities				(574,994)	(476,864)
Governance costs				(4,200)	(3,472)
Total Expenditure				(627,887	(503,675
Gains/losses on investment		assets		2,202,247	1,729,272
Net movement in funds				2,438,499	2,133,636
Reconciliation offunds
Total funds brought	forward			25,997,815	23,864,179
Total funds carried	forward		16	28,436,314	25,997,815

		Balance Sheet as at 3	1December	2021
				2021	2020
			Note		f
Fixed assets
Tangible assets			10	3,528,673	3,529,304
Investments			11	23,309,151	20,894,602
				26,837,824	24,423,906
Current assets
Stocks			12	206,764	174,165
Debtors			13	37,155	18,758
Cash atbank	snd in hand			1,378,646	1,450,310
Creditors: Amounts		falling due within one year	74	1,622,565 ~24.477	1,643,233 (69,324
Net current	assets			1,598,490	1,573,909
Net assets				28,436,314	25,997,815
Funds ofthe	charity:
Unrestricted	income	funds
Unrestricted	funds			28,436,314	25,997,815
Total funds				28,436,314	25,997,815

Cash Flo	w	Statement	for the Ye	ar Ended 31	December 2021
					2021	2020
				Note	g	g
Cash flows from operating	activities
Net cash income					2,438,499	2,133,636
Adjustments to cash flows from non-cash			items
Depreciation				5	631	842
Investment income Revaluation ofinvestments				4	(131,059) ~2,292,249	(271,660) ~7,729,272
					105,823	133,546
Working capital adjustments
Increase in stocks				12	(32,599)	(7,012)
(Increase)/decrease in debtors (Decrease)/increase in creditors				13 14	(18,397) ~47,249	9,129 19,801
Net cash flows fiom operating		activities			9,578	155,464
Cash flows from investing activities
Interest receivable and similar		income		4	131,059	271,660
Purchase ofinvestments				11	(212,301)	(144,628)
Net cash flows fium investing	activities				(81,242	127,032
Net (decrease)/increase in cash		and cash equivalents			(71,664)	282,496
Cash and cash equivalents at	I	January			1,450,310	1,167,814
Cash and cash equivalents at	31December				1,378,646	1,450,310

Voluntary	income
Donations and legacies
Gift aid	reclaimed
Pensions
Royalties

Unrestricted
Total	Total
2021	2020
f
625,466	526,852
8,143	13,912
19,029	20,383
5,750	5,572
658,388	566,719

			Unrestricted
			funds	Total	Total
			General f	2021f	2020
Other investment	management	costs;
Administration	ofthe investments		48,693	48,693	23,339
			48,693	48,693	23,339

								Total
								costs
6	Expenditure		on	charitable	activities
						Unrestricted
							Total	Total
						General	2021	2020f
Bookshop						43,401	43,401	23,616
Activities		undertaken		directly		531,593	531,593	453,248
						574,994	574,994	476,864
								Total
								expenditure
								f.

		Unrestricted
		funds	Total	Total
		General	2021	2020
		g	K
Audit fees
Audit ofthe financial	statements	4,200	4,200	3,472
		4,200	4,200	3,472

10 Tangible axed assets
	Land and
	buildings f	Motor vehicles f	Total f
Cost
At 1 January 2021	3,526,778	53,156	3,579,934
At 31December 2021	3,526,778	53,156	3,579,934
Depreciation
At 1 January 2021		50,630	50,630
Charge for the year		631	631
At 31December 2021		51,261	51461
Net book value
At 31December 2021	3,526,778	1,895	3,528,673
At 31December 2020	3,526,778	2,526	3,529,304

Other investments
					Listed
				investments
					0
Cost orValuation
At I January 2021					20,894,602
Revaluation					2,202,248
Additions					212,301
At 31December 2021					23,309,151
Net book value
At 31December 2021					23,309,151
At 31December 2020					20,894,602
				2021	2020
Material investments	included		therein were as follows:	f
British Government	Stocks			1,174,933	1,211,746
Baillie Gifford International		B	Acc	803,186	472,381
Rathbone Global Opportunities				708,385	454,803
UBSUS Gmwth Class C (Acc)				705,823	376,606
Fundsmith Equity I	Acc			699,074	495,434
Natixis Loomis Sayles US Equity Leaders Fund				651,086	538,857
Veritas Asian Fund	A Inc			596,637	570,399
Baillie Gifford American				592,274	351,332
Threadneedle American Acc				550,115	429,794
12 Stock
				2021	2020
					0
				206,764	174,165

13 Debtors
		2021	2020
			g
Trade debtors		867	3,212
Prepayments		442
Other debtors		35,846	15,546
		37,155	18,758
14 Creditors: amounts	falling due within one year
		2021f	2020f
Trade creditors		1,083	36,790
VAT		852	146
Other creditors		6,206	18,071
Accruals		15,934	14,317
		24,075	69,324

16 Funds
					Balance at
	Balance at 1			Other	31
	January	Incoming	Resources	recognised	December
	2021f	resources	expended f	gains/Posses) f	2021
Unrestricted
General	25,997,815	864,139	(627,887)	2,202,247	28,436,314
					Balance at
	Balance at 1			Other	31
	January	Incoming	Resources	recognised	December
	2020 f	resources 0	expended s	gains/(losses) 0	2020
Unrestricted
General	23,864,179	908,039	(503,675)	1,729,272	25,997,815

Detailed St	atemen	t	ofEInancia	l Activities for th	e Year Ended 31Decemb	er 2021
					Total	Total
					2021f	2020
Income and Endowments		from:
Donations and legacies (snalysed below)					658,388	566,719
Charitable activities	(analysed		below)		74,692	69,660
Investment income	(analysed below)				131,059	271,660
Total income					864,139	908,039
Expenditure on:
Raising funds (analysed below)					(48,693)	(23,339)
Charitable activities	(analysed		below)		(574,994)	(476,864)
Governance costs					(4,200)	(3,472)
Total expenditure					(627,887)	(503,675)
Gains/losses on investment		assets (analysed		below)	2,202.247	1,729,272
Net income					2,438,499	2,133,636
Net movement in funds					2,438,499	2,133,636
Reconciliation offunds
Total funds brought	forward				25,997,815	23,864,179
Total funds carried	forward				28,436,314	25,997,815

Deta	Bed Stateme	nt ofFinancial Activities for (continued)	the Year Ended 31Decem	ber 2021
			Total	Total
			2021	2020f
Donations	and legacies
Pensions			19,029	20,383
Appeals and donations			625,466	526,852
Gift Aid tax reclaimed			8,143	13,912
Royalties			5,750	5,572
			658,388	566,719
Charitable	activities
Sales ofpurchased goods			74,692	69,660
			74,692	69,660
Investment	income
Income from other investments			131,059	271,660
			131,059	271,660
Charitable	Activities
Bookshop
Purchases			43,401	23,616
			43,401	23,616
Other charitable acti vines
Depreciation ofmotor vehicles			632	842
Property repairs			269,686	169,121
Maintenance charges			85,972	61,907
Stafftraining			3,743	2,984
Staffwelfare			68,727	144,559
Equipment	repairs and renewals		27,524	25,479
Charitable	donations		11,811
Exceptional	administrative	expenses	63,498	48,356
			531,593	453,248
Charitable	Activities total	expenditure	574,994	476,864
Raising funds
Administration ofinvestments			48,693	23,339
			48,693	23,339
Gtdns/losses	on invesnnent	assets
(Gain)/Joss	on programme	related investments	2,202,247	1,729,272