Universities & Colleges Christian Fellowship Company limited by guarantee and not having share capital Company Registration No. 387932 Registered Charity No. 306137 in England and Wales Scottish Charity Registration No. SC038499 Report and Financial Statements for the year ended th 30 April 2022 Universities an(1 Colleges Christian Fellowship (UCCF) Blue Boar House 5 Blue Boar Street Oxford OX14EE T: 01865 253678 E: info@u¢cf.org.uk W: www.uccf.org.uk Christian Unions
UCCF Trustees Report and Financial Statomonts 2022 CONTENTS REPORT OF THE UCCF TRUST BOARD INDEPENDENT AUDITORS, REPORT 10 STATEMENT OF FINANCIAL ACTNITIES 14 BALANCE SHEET 15 CASH FLOW STATEMENT 16 NOTES TO THE FINANCIAL STATEMENTS 17 PROFESSIONAL ADVISERS Maln bankers Solicitors Audltors HSBC Bank plc The Clock Tower 2-6 Gallowtre8 Gate Leicester LE11DA Anthony Collins Solicitors St Philips Gate 5 Waterloo Street Bimiingham B2 5PG Mazars LLP Park View House 58 The Ropewalk Nottingham NG15DW The Christian nions Page 2 of 25
UCCF Trustees Report and Financial Stat•ments 2022 REPORT OF THE UCCF TRUST BOARD (Incorporating the Trustees. Report) For the year ended 31yts Aprll 2022 The Trustees of the Universtties and Colleges Christian Fellowship (°The Fellowship? present thelr Annual Report and the Financial Statements for the year ended 30° April 2022. CONSTITUTION The Fellowship is a registered charity {No. 3061371 which is a federation of evangelical Chrlsllan Unions governed by a constitutlon dated January 1999 and subsequently revised in 2003. OBJECTIVES & PRINCIPAL ACTIVITIES The pollcles of The Fellowship remain those contained in Its constitution. In summary this is to bear witness to Jesus Chrfst as Saviour, Lord and God in the student world of England, Scotland and W81es in accordance wlth the doctrinal basis of The Fellowship. The Fellowship is committed to evangelism, wodd mission, Biblical tnrth and spiritual growih. The principal activrties are- To co-ordinate the wotk and to unite the members of the Christian Unions ('CUsl in their witnes5 to the Christian faith in accordance wth the doctrinal basis of The Fellowship. To advise or assist Christian Unions in the Work and to help creats Christlan Unions where they do not yet exlst. To produ and Circulate literature and materials designed to advance the Christian faith. To help CU members to appty Chrfstlan falth Intelligenly to their thinking and behaviour in all areas of life including thr academic studies. To mentor key undergraduates and hèlp them transition well to work after graduation. To stimulate amongst students and fomier students an interest and adlve participation in home and overseas missions and in the work of the churches. Publlc Banèfit The Trustees are rnlndful of the Charty Commission's guidance on "Charities and Publlc Benefir and have embraced it. As ststed above, UCCF'S overall objective is to help stud6nts bèar witness to Christ and his teaching. This includes equipping them to demonstrate the love of God in practical ways. This r6POrt seeks to give examples of that public benefrt in action. Achlevements & Perforniance K•y achievements during the year have included: In September, over 1,000 CU leadÈrs trained at in-person Forum training conference in Shropshire, which included demonstrations of in-person evangelism events. Resumption of in-per80n regional Forums to train new CU leaders. held In the Sprlng- around 800 leaders attended in person. Many Cus were able to resume holding in-person events, Indudlng Carol Services before Christmas. and outreach weeks in the spring. Where restrictions perslsted, CU Impact Groups (small groups) have proven essential to keep Cus healthy and thriving in a very changeable context. We have produced besF(sk8 content for Impact Groups, which ensures they are accesslble for bolh established member8 and those relatively new to Christianty- Students continuing to be equipping through online resour8, including a monthly email wf(h 1,482 subscribers 48.329 page views per monlh to bethinking.org The Christian nions Page 3 of 25
UCCF Trustees Report and Flnanclal SLqtements 2022 Future Plans UCCF has just completed its first (largety} post-covid year and has effectively pivoted back to (largely) in-person national, regional, and local training and mentoring. The Institutional memory has been well preserved and passed on as evidenced by the health and vibrancy of our campus groups and nationallreglonal events and mentoring schemes. We have deliberately retsined the more effective elements of online ministy both to use resources well and extend our reach. Impact Groups wlll once again become the enty point for the new generation of students coming up to university this year. Impact Groups across GB will be strengthened with new, high quality video and writtèn matsrials that will enable these groups to impact the spiritual and emotional well-being of the members and gafvanise them to Impact the wider campus th the good news of the gospel of Jesus. The Leadership Nthork (Arts, Apologetics, Music, Politics, Science. Teaching, Theology and Law) will continue to develop new firstvclass (ligital resources across the discipllnes and will combine its growing online presence at two national residential gatherings and week to week mentoting at a local level. Combined wf(h our Intem scheme (Relay). the Leader3hip Nthork programme enables us to identrfy, mentor, and traln a new generation of thought leader8. In the wake of Covid- we are more activety equipping our staff to be 'first responders. when CU students appear to present wilh mental health and other p8Stor81 struggles. Thls equlpplng is being woven into our trdining and Invofves the bringing in of specialists to t8a¢h senior field staff as well as our CU Staff Work8rs. Creating and curating cuttlng edge on-line resources fcK Chrlstlan Unlons to use 88 Part of a creative, blended approach to Carol Services. Fresherfs Welcomes, Events weeks and regular lunch time dialogue events. Continuing to update our websites and sofiware systemslfunctions to enable the core minlstry to be more effectively supported. A brand new CRM sofhvare pL8tform has just been put in place and will be used to support and grow our development capacity and lo seN8 our cx)nstituency more effectively. Our research department will ¢onttnue to develop a niche work key Graduates and Postgraduates in partnership with other organlsations and will help to identfy arKI mentor a new generation of emerging Christian academics. Additionally, The Fellowship continues its ongoing ministy of building both national and (in partnership with IFES) International outreach, expanding strategic partnerships and providing support struclures that are relevant to the constsntly changing context of universities in Great Brltaln. FINANCIAL REVIEW The result for the year was a net decrease in funds of {£171,799). Incom• & Eynditure Income, excluding the CJRS grants, decreased by (£64,591), 1.6% year on year. Thls was primarily due to a large decrease in legacy income and a 4.1010 decrease in donation income. Legacy income was half of the level of the previous year and the decrease In donation income wa$ due to a fall in income from churches and trusts. Th8nl(fully the income from individual supporters remained steady and accounted for over 63Yo of our totsl income. With the lifting of the Covid-19 restrictlons, most of our regular conferenc and events took place in person and were chargeable givlng a large increasa in our charitable activities, incoffle Our expenditure incr8as8d by £497,980 from the previous financial year of whlch £397.818 was an increase in direct ministry costs for equipping and training students. Thls addttlonal expenditure re11ects our commitment to continue lo spend and invest in essent181 technology for virtual initiatives, thus enabling remote contact wllh students in addition to the much-welcom6d retum of fac8-to face mlnisty. Page 4 of 25 Christian nions
UCCF Trustees Report and Flnancial Statements 2022 Our fundraising c08ts increased in the year due to a on&off Investment in a new contsct management system to allow us to better support donor relatlonshlps and to ensure that we can meet GDPR requirements. This n6W System is a long-tenn investment and will help us to sustain and grow our income streams intelligently and thoughtfully. This in turn will increase and grow our ministry over the coming years. Unrestricted funds.. Net outgolng resourtss of (£70,048)12021 corresponding net in(x)ming resourc8s of £1,244.2571. Restricted funds: Net outgoing resources of (£101,751}12021 cOrpOndIng net outgoing resources of (£69.961). UCCF Job Rotontion Fund Lasl year we set aside £1.100.000 into a "Job Retention. fund. This was to protect the jobs for Ihree years of the 19 new Staff W0er$ who joined us in August 2021 and to maintain the jobs of those Staff Workers who were already in post in April 2021. Without this fund, we would not have had the confidence to staff up fully and to offer this level of guarantee lo staff. We hav8 used £366,667 of the fund this year. leaving a balance of £733,333 in the fijnd to cover the next 2 years. Allhough our Staff Workers raise funds towards thelr own costs, th8re is on average a shortfall of around £17.000 per Staff Wother every year, which 13 usualty baland by UCCF ntral funds. Budget 2022123 An operating deficf( of {£504,000) is budgeted for the next ffinancial year. Thls deflcit is due in part to a known and notrfied reduction in Income from somè trusts together with in¢r0a$ed staffing costs. The budget includes the 1.25 /0 increase in National Insurance rates for the 'health and social care. levy together with the cost of a 6°A pay rise awarded by the Trust Board lo all staff in May 2022. Th8 decision for the pay rise was taken in the light of the prevailing economic challenges that the UK is facing with rising inflatlon and rising fuel and energy costs. The pay award has added £200.000 to our annual slaffing costs. The budget includes a fully staffed fellowship to allow us to continue our vital work with thls generation of students, many of whom have experienced a very challenging and difficult few years due to the impact of CovKI-19. The budgeted defictt will be funded from the Job Retention fund and from our general reserves and reflects our commitment to maintain them per our Job Retention Fund. Th8 Fellowship is extremely grateful to all the individuals, churches, and trusts who have mad8 donations towards the wotk. PRINCIPAL RISKS & UNCERTAINTIES Risk Managemenl The Trustees have sought to identify Ihe major risks to which The Fellowship is exposed and have established controls and actions to minimise potential adverse outcomes. These risks and mttigating aclions are set oul in a comprehensive and detailed rlsk register. The slrategic and operational risks are idenllfied for each area, tog6ther with an explanation of how they arè being or will be managed. The r8gister is reviewed formally by the Truslees on an annual basis but is kept up to date with regular input from the Executive team to identify emerglng or escalating risks. Risks are scored against probabilty and impact criteria with mitigating controls, monitoriro proce8888. and actlon plans considered for all risk areas. The Trusteés also review on a regular basis the major financial risks that The Fellowship faces. By maintaining free reseryes at the target18vels, and regulady revWIng the controls over key financial systems. The Fellowship will ensure that it has sufficient resources in the event of adversa conditlons. Page 5 of 25 Christian nions
UCCF Trustees Report and Flnanclal Statements 2022 Prlnclpal Risks The principal risks are those which Uld affecl our financial position, our fundrdising capabilities, or our IT systems and include- Risk of corruption of IT systems or dats and unauthorised access to central IT systems. Reputational risk due to adverse publicty and fear of rellglous extremism. Risk of a targeted attack on UCCF'S Christian values. Volalilty of income received from individual donors and trusts which 1$ diFfKult to predict. The Trust8es' assessmenl is that adequate control measures are in place for the identffied risks and that the ongoing moniloring process and review by the senlor management team is sufficient to ensure that any new risks are identrfied. WAR IN UKRAINE The Fellowship does not operate in either Ukraine or Russia and no key 8uppllers are located In either country. The Board's assessment of this highty tfagic geopolilical situation is that The Fellowshlp Is not impacted direcuy at present, and the situation will remain under review. STRUCTURE, GOVERNANCE & MANAGEMENT Structuro UCCF exists to engage In evangelical and evangelistic Christian work In tertlary education institutions. The UCCF Trust Board is the primary ¢ommtttee within The Fellowship having ful vested powers of govemance as fijrther set out In The Fellowshlp's Memorandum and Artlcles of Association. The UCCF Trust Board continues to devolve certain levels and types of executive authority to The Fellowship's various operating dNisions, but it retains uttimate r8sporisibility for all the work of The Fellowship. The Fellowship is affili8ted to the Internatlonal Fellowship of Evangelical Students (IFES) and is thereby identified with other member movements around the world. All Trustees give their lime voluntarily and do not receive any personal flnancial benefrt from The Fellowship. Compo8ltlon of the Board The membership of the UCCF Trus1 Board at 30 April 2022 was: 1. Dr Christopher Willmott (Chair) 2. Rev Raymond Brown 3. Ms Jenny Brown 4. Mrs Jenny Charterls S. Prof Glynn Harrison 6. Mrs Abigail Marthin8t-Glover (Chair of Student Council) 7. Mr Stephen Rigby 8. Rev John Stevens ointm•nts durln None. the 1" Ma 2021- Ih rll 2022 •riod boin orted Retlrements durin tha 1" Ma 2021_301hA rf12022 orlod bèin rè orted Mr David Lilley resigned on 24th March 2022. Miss Mary Currie resigned on 25tr November 2021. ointm•nls and Rotlrgments after 30 A rf12022 bul authorisatio Mrs Abigail Marthinet-Glover finished her temi as Chair of Student Council on 30 June 2022. She was then apFX)inted as a trustee in herown right on 7 JU 2022. nor to financlal slalement The Christian nions Page 6 of 25
UCCF Trustee5 Report and Flnanclal Ststoments 2022 Appolntment, Induction and Tralnlng of Trustees Trustees are elected. or if agreed re-elected. on a defined rotstional basis and new Trustees are provided with a suitable induction into The Fellowship's objects arKI ways of working from governance perspective. The procedures and training In place for new trustses are detailed below. The new Trustee is sent: °The Essential TnJstee- What you need to knO- Charty Commission publication Memorandurn & Artides The ConsUtution 2004 Govemance Manual 2006 List of Trustees & Members The new Trustee signs: Doclrinal Basis - re-svJned if and when thelr Tru8teeshlp Is exlended beyond three years. ststement of obligatKsns as a Trustee. Declaration of Interest and then signed at every subsequent AGM. Various members of Staff 8180 routinely attend the Trust Board ex-officio Inon-voting). These parttculady include the Director of Christian Unions. the Company Secretsry, the Field Director, arKJ the Head of Finance. statement of Trustees, Responslbilities The Trustees are respjnsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {Unil8d Kingdom Generally Accepted Accounting Ptacllce). Company law appllcable to charf(ies in England and Wales requires the Truslees to prepare financial statements for each financial year that give a true and fail view of the charity's financial actÈvities during the year and of its financial position at Ihe end of the year. In preparing the financlal statemants. giving a true and fair view, the Trustees should follow bast practi and.. Select suitable accounting policios and apply them consistently. Make Judgements and estimates that are reasonable and prudent. State whether appllcable accounting standard$ and $tatements of recommended practi¢e have been followed. subject to any material departures disclosed and explained in the financial statements. Prepare the financial statements on the golng concem basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeplng proper accounting r8cords which disclose. with reasonable accur8Cy, the financial FQSition of The Fellowshlp and which enables thern to ascertain the financial position of The Fellowship and ensure th81 the finandal statements comply with applicable law. They are also responsible for safeguarding the a$$ets of The Fellowship and hence for taking reasonable stsps for th8 detection and prevenlion of fraud and other irregularities. UCCF has Directors and Offir8 Insuran(* which Cove trustees for claims first made against UCCF or a named trustee. RESERVES POLICY NOTE- in this sedion the temi °msgNes° is taken to mean nStricted, free cash reserves that a readlly available for use and thus excludes reserves taking the lorm of fixed assets or olherrestncled reserves whh we funds recewed specific project work. The Christian nions Page 7 of 25
UCCF Trustees Roport and Financial Ststements 2022 The Trustees recognise that reserves are essential In order to ensure that fluctuations in income do not have a detrlmentsl knock-on effect on the work. They have adopted a5 a that a cash reserve equating to elghi weeks of operating costs should bè maintained. calculated on the basis of an annu81 budget. The Trustees belleve that this balanc8S the need to appty funds to the mission whilst ensuring that there are sufficient funds available to run the day to day tiVitIeS and manage any financial risks or any shcrt-temi inwme volatilty. At the end of the financial year, free cash reserves totalled £494.331 and represented lust over 6 weeks of operatlng costs. INVESTMENT POLICY The 'growth' portfolio strategy Seeks to generats a retum above inflatlon over Ihe long tem, bLrt a level of risk that is acceptable wlthln the volatility of the market. The wrtfolio 18 structured as capital for the long temi. but none of It is illiquid, meaning rt can be readity accessed shouKI the need arise. Income generated from the capital is paid into a cash account, allowing tha Trust88s to decide annually on whelher to spend the cash, cary it fOard or increase the capital. REMUNERATION POLICY UCCF seeks to be a go¢)d employer, both stewarding 5UPPOrter$' money and providing staff with a realistic salary so they (2n afford necessities such as rent. food. and other living costs. as well as leisure activrti88. In this regard. UCCF seeks to be an attractive employer trj Kx)terrtial candidates and to retain excellent personnel whether slngle. married. or with a family lo support. A f8llowship-wide pay increase is considered on an annual basis and Is primarily dependent on UCCF'S income. The pay Increase is based on a range of indices such as the Retsll Price Index Consumer Price Index. Consideration of what other organisations are doiro regarding salary increases is made on a semi regular basls. This OA pay increase applied to all staff is recommended as part of the budget and this is then reviewed and approved by the Twstees as part of the overall budget raview. Salary benchmarking for certain roles is carried out when recommended by the Trust Board. The last review for senior staff was completed In September 2015 wllh the colusion that no adjustment was required at that time. All staff are paid above the recommended living wage and those working in London are paid an additional Lon¢Jon allowance. In addition to salary and employee p8nsion, UCCF provldes life insurance for staff who have a financlal responsibility to a farnity member while they are working for The Fellowship. CONTRIBUTION OF VOLUNTEERS Some sixty volunteers (kn¢)wn as 'Relay Work8rs') work closely alongside our own CU Stsff Workers as part of their training on ihe Relay scheme. Relay Workers stay Wlth UCCF for ten months, usually joining the scheme shortly after graduating. This scheme is a significant part of th8 work of The F611owship. A number of volunteer Assoaate Staff Workers contribLrte to our work locally in vamus ways. AUDITORS A resolution to r8apF#)int Mazars LLP as auditors to the Company and to authorlse the Trustees to fix their remuneration was approved at the Annual General Meetlng held on 24 November 2021. Mazars LLP have eXpSSed their willingness to continue in office as audtlors and this wll be submttted to the Annual Gener81 Meeting in November 2022. Page 8 of 25 Christian nions
UCCF Trustees Report and Flnanclal Statements 2022 CHARITY FUNDRAISING UCCF is a Fellowship of students, staff, and supporters. All three groups are needed to achleve our vision of giving every student in Great Brilaln an opportunty to hear and respond to the gospel of Jesus Christ. Therefore, tl is important to us that We are good gospel p8rtners and communicate well with our supporters. The Development and Communication5 Team support and train all stsff and volunteers in fundraislng best practice so that togèther we effectively resource this ministry through financial and prayer Suppo We do not use any professional fundralsers or commercial participators. As an organlsation registered with the Fundraislng Regulator we are commttted to best practtce and uphokding the Fundraising Promise of legal. open. honest and respectful fundraising. We pay the voluntary levy, and w8 abide by the Code of Fundraising Practice. The relevant members of Ihe Development and Communicatlons T8am are members of the Inslituie of Fundraising. In the 2021-22 financial year UCCF r8CeIv O fundrnising complaints. Policies are In place to handle and investigate fundraising complaints should they arise. We are Gommitted to treating our supwrters well and being gcM)d gospel partners. We have signed up to receiv6 suppression$ under the Fundraising Preference SeTViC8. We have also followed guidan¢e from both the Fundraising Regulator and the Institute of Fundraising on how to ensure wè protect vulnerabl8 w)ple and others in connecting wh our fvndraising. We recognise that some of the people that we engage with through our fundraising activty will not alwayg have the capacty. al Ihe point of the interaction. to fully understand the nature of the donation thgy are being asked to give to UCCF or the (X)nSequen8 of making that donation. UCCF also understands that people in vulner8bie circumstances may need further support before making 8 decision about whether to make a donation. We therefore hava a pollcy which provides a foundation of awareness and knowledge which enables all UCCF fundraisers to respond appropri8lely to people in vulnerable circumstances. puttlng the needs of the individual first. atK)ve and beyond securing a donatlon. It applies to all UCCF slaff and volunteers who urxlertake fvndralslng on behaw of UCCF. Ihat Includes the Development and Communicalions Team as they fundrai58 centrally, and Staff Workers and Relay Workers 88 they raise personal suppM)rt. OTHER INFORMATION The principal and reglstered address of The Fellowship is Blue Boar House. 5 Blue Boar StreeL Oxford OX1 4EE. This report has been prepared in accordance with the Statement of Recommended Practice aTr Accounting by Chartlies (revised 2019). So far as the Trustees are aware, there is no relevant audit infomation of which the company's auditors are unaware, and they have taken all the steps that they ought to have tsken as Trustees in order to make themselves aware of any relevant audit information and to establlsh that the company's auditors are aware of that information, and th6y have made such enquir$ of their fellow Trustees and of the company's audttors for that purpose, and taken such other steps (If any) for that purpose, as w8re required by their duty as Trustees of the company to exer¢is8 due care, sknll. and diligerKe. The T ustees Report was approved by the Board on and signed on its behalf by: ris Wlllmott CHAIR of TRUST BOAR Date: The Christian nions Page 9 of 25
UCCF Trustges Report and Financial Statements 2022 Independent auditorfs report to the members of Universities & Colleges Christian Fellowship Opinion We hav8 audited the finandal ststements of Unfversitles & Colleges Christian Fellowship (the 'charity') for the year ended 30 April 2022 wthich comprise the Statement of Financlal Activities. the Balance Sheet. the Cash Flow Ststement 8nd notes to the financi81 statements, including a summary ot significant accounting policies. The financial porting framework thal has been applied in their preparatK)n is applicable law and United Kingdom Accounting Standard5, including FRS 102 The Financial Reporting Standard appllcable In the UK and Republic of Ireland. (United Kingdom Generally Accepted Accounting Pradice). In our opinion, the financial stst8ments: give a true and fair view of the state of the charity's affairs as at 30 April 2022 and of its Income and expenditure for the year then ended. have been properly prepared in accordance yth Uniled Kingdom Generdlly AGG8Pted AUnting Practice" and have been ppad in accordance with th8 requir8ments of the Companies Art 2006, the Charities and Trustee Investment {ScoUand) Acl 2005 and regulation 8 of the Charitie5 Accounts (Scotland) Regulatlons 2006. Basis for oplnlon We conducted our audit in acLordance with Intemational Standards on Auditing {UK) IISAS (UK)) and applicable law. Our responsibilities under Ihose standards are further described in Ihe Audf(orf$ responsibilities for the audil of the ffinancial statements section of our report. We 8re independent of the Gharity in accordance with the ethical requirements that are relevant to our audit of the financtal statements in the UK, induding the FRC'S Ethical Standard and we have frjlfilled our other ethical responsibilities in accordance with the8e requirements. W8 believe that the audit evldence we have obtalned Is sufficient and appropriatè to provide a basis for our opinion. Conclusions relatlng to golng ¢onc•m In auditing Ihe financial statements, we have conduded that the trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriale. Based on the worf( we have perfomied, Y have not identrf*d any material uncertainties relating to events or conditions that. individually or collectivety, may cast significant doubt on the charws abS11ty to continue as a going conrn for a pemd of at least thlve months from when the financial statements are authorised for issue. Our responsibilities and the reswns1bileS of the trustees with respectto going coeM are described in the relevant sectlons of thls retM)rt. Other Informatlon The other infomiatKJn comprises the infomation included in the Truste8s report, other than th financial statements and our audrtorfs report thern. The trustees are responsible for the oth8r infomiati?n. Our opinion on the financial ststements does not cover the other information and, except to the extent otherwise explicitly stated in our rerx)rt, we do not express any fonn of assurance conclusion thereon. Page 10 of25 Christian nions
VCCF Trustees Report and Financial SL*ements 2022 In connection with our aud of the financial statements. our responsibility is to r6ad the other infomiation and, In doing $0, Consider vthether the other information is materially InnSiStent with the financial statements or our knowledge obtsined in the Course of the audlt, or otherwise appears to be materially misstated. If we identify such material Incon$istencles or apparent matsrlal mlsslalements, we are raquired lo determine whether the is a material rnisststernent in the financial statements or a material misstatement of the other inform8tion. If, based on the work w6 have performed. we conclude that there is a material misstatement of this other infomation, we are required to report that fad. We have nothing lo pOrt in this regard. Opinlons on other matters prn8crfbed by the Companies Act 2006 In our opinn. based on the work undertaken in the course of the audit: the inforrrtation given in the Trustees. Report which includes the Directors. Report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements: and th8 Directors, Report included within th8 Trustees, Report ha5 been prepared in acjrdSnce with applble legal requirements. Matters on which we are requlred to report by exception In liqht of the knowledge and understsnding of the charty and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors, Report included bwthin the Trustees, ReporL We have nothing to report in reswct of the following matters in relation to which the Companies Act 2006 and Charities Accounts (Scoand) Regulations 2006 requires us to Trport to you if. in our oplnion.. adequate and proper accounting records have rK)t been kept, or reiums adequate for our audit have nol been received from branches not visited by us: or the financlal statements are not in agement with th8 accounting record$ and returns; or certain disdosures of trustees, remunetation specified by law are nol made,. or we have not recefved all the Infomation and explanations we require for our aud¢ or the trustees were not entitled to prepare the financial staternents in accordance with the small companles regime and take advantage of the small companies. exemplion from the requirement to prepare a Strategic Report. Responsibilitles of Trusto•s As explained more fully in the trustees. responsibilities statement set out on page 7, the trustees (who are also the directors of the ch8ritsble company for the purposes of company W) 8re responsible for the preparation of the financial statements and for being satisth'ed that they give a true and fair view. and for such intsrnal control as the trustees detemiine is necessary to 8nabl8 the pr8paration of financial ststemenls that are free from material misstatement, whether due to fraud or error. In pieparing the financial statements. the trustees are responsible for assessing the charity's ability to contlnue as a going concem, disclosing, as applicable. matters related to going concèm and using the going concem basis of accounting unless the trustees either Intend to liquidate the charty or to cease operations, or have no realistic alternative but to do $0. Page 11 of 25 Christian nions
UCCF Trustees Report and Financial Statements 2022 Audltorfs re8pon8ibilitles for the audlt of the financlal ststements We have been appointed as auditors under Section 4411)(Cl of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companles Act 2006 and report In accordance wlth regulations made under those Acts. Our objectives arg to obtain reasonable assurance about whether the finan¢tal ststements as a ole are free from material misstatement, whether due to fraud or error. and to issue an auditor's report that includes our ¢Jpinion. Reasonable assur8nce is a high level of assurance but is not a guarantee that an audit o)nducted in accordance wtth ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individualty or in the aggregate. they could reasonably be eXted to it)fluence the ecorMic decisions of users taken on the basis of th8 financial slatemenls. The extent to which our procedures are capable of detecting irregularftles, Including fraud Is detailed below. Irregularities, induding fraud, are instancas of non-cDmpllance wlth laws and regulations. We deslgn procedurès in line with our reswnsibilities. outlined above, to detect material misststements in respect of irregularfties, including fraud. Based on our understanding of the charity and its 8CtNitie$. we identified that the Pri1paI risks of non-compliance wilh laws and regulations related to the Charilies Act 2011. the Charities Ststement of Recommended Practice, UK tax legislation, pensKtns legislation. employment regulation and health and safety regulation, atbribery, corruption and fraud, money laundering. non-O)mpliance with Implementstion of govemment support schemes relatlng to COVID-19. To help us identify instsnces of non-compliance with these laws and regulations. and in identfying and assessing the risks of m8lerial misstatsmgnt in respect to nOnOmplianCe, our procedures included, but were not limited to.. Inquiring of m8nagement and, where appropriate, those charged with governance. as to whether the charty is in compliance wf(h laws and gUlatiOns, and discussing their policies and procedures regarding compliance with laws and regulations" Inspecting correspondence, if any, with relevanl licensing or regulatory authorities,. Communicating idenlrfiÈd laws and regulations to the engagement team and remaining alert to any indications of non-compliance throughout our aLKlit.' and Considering the rfsk of acts by the charity which were contrary to applicable laws and regulations. induding fraud. We also considered those laws and regulations that have a direct effect on the preparaOn of the financial slatem6nts, such as tax legislation. pension legislation, the Companies Act 2006 and the Charities Statement of Recomm8nded Practi¢e. In addition, we evaluated the tnjstees, and management's incentives and opportunities for fraudulènt manipulation of the financial statements lincludlng the rlsk of ovethde of controls) and dÈt8rmined that the wincipal risks Vre relaled to posting manual journal entriès to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, in particular in relation to income re¢ognitK)n (which w8 pinpointed to the cut off assertion) and signiflcant one-off or unusual transactions. Page 12 of 25 Christian nions
UCCF Trustees Report and Flnancial Statements 2022 Our aLKJit tKocedures in relalion to fraud included but were not limtted to.. Making enquiries of the trustees and management on whether they had knowledge of any actual, suspected or alleged fraud; Gaining an understsnding of the internal controls eslablished to mitigate risks related tr) fraud; Discussing amongst the engagefflent team the risks of fraud,. and Addressing the risks of fraud through management override of controls by perfomiing joumal entry testing. There are inherent limttalions in the audit procedures described above and the primary responsibility for the prevenuon and detection of irregulartti8s including fraud rests wth management. As with any audit. there remained a risk of non-detection of irregularities, as these may involve collusion. forgery, intentional omlssions, mtsrepresentations or the override of Intemal controls. A further descrlptSon of our resFonsibilities for the audit of the financi81 slatements is located on the Financial Reporting Council's website at www.fir.org.uklauditorsre$pon$ibilities. Thi$ dOnptiOn fomis part of our auditor's Teport. Uso of the audit report This report is made solety to the charitys members as a body in accordance with Chapter 3 of Part 16 of the Companies Act 20Q6. Our audit worf( has been undertaken 80 that we might state to the charity's member$ thosé matters we are required to state to them in an auditorfs report and for no other purwse. To the fullest extent pamiltted by law, we (Jo not accept or assume responsibilty to anyone other than the charity and th8 charity's MberS as a body for our audit work, for this report, or for the opinions we have formed. Signed David Hoose (Senlor Statutory Audltor) for and on behalf of Mazars LLP Chartered Accountants and Statutory Audltor Park Vlew Hous• 58 The Ropewalk Nottlngham NG1 5DW Date: Nov 25, 2022 The Christian nions Page 13 of25
UCCF Trustees Report and Financial Statements 2022 Statement of Financial Activities For the year ended 301h Apiil 2022 (incorrK)raling an income and expendibjre account) 2022 Total Unffjstr¢ted Restrctsd Funds FurKI3 2021 Total Fund$ Fd Fwds INCOME frony 3.254,171 211,685 35,238 40S,810 199.746 3A53.917 3,272,553 211.685 447.364 35,238 840,736 410,202 328.541 3,fj01,094 447,364 640.736 91626 Legg¢ies Grant Income Charitat4ektMbes Other Trading Inv8stm¢nts 4.392 27.041 1,428 1,890 3,910,202 1828 1,494 1WO 214 214 204.138 4114340 4.428.846 355.582 4784A27 EXPENDrruRE on: Rasing FuTrJs Charilabje kbvthe$ Total Expendiiur• 382.750 3.$57.o¢f2 3.939.752 1.888 3H619 282,791 382.571 3939.672 3,103,105 3M439 4324191 1384896 438,649 3,641.764 440,315 4826,211 Net I01(EXpen(1itre} B•fore Galnl{Lo8s) on InvgStn*nt 129.550) 1180.301) I2851) 1.042.949 1847331 951216 gdnl{ltssse81 on knvestsnent N•t Incom•llExp•ndKur•} 31052 216,080 (180.301Tr {171.799I 1.259.029 216,080 (847331 1,174296 8,102 Transfers Beknn FLmd8 N•t MovgThTrt In Funds 78.5501 70,048 78.550 14,772 1101,7511 {171,7991 1.244.25T 14,772 {69.961) 1.174296 RECONCILIATbON of Funds: Total FLmds Broht Forward Total FLmds Carried Fotward 2,748, 2,676.019 1,758,974 4505,041 1,501,810 1,828,935 3,330.745 1657.223 4,333,242 2.746 067 1,758.974 4f4)S,041 The Notes on pages 17 to 25 form part of these flnan¢ial statements. Page 14of25 Christian Unions
UCCF Trustees Report and Flnancial Statements 2022 Balance Sheet As at 30" April 2022 Company RegistTrtion No. 387932 2022 2021 Flxed Assets Tangible A856ts Investments Note 1,520,279 2,125,545 3,645,824 1,548,944 2,087,493 3,636,437 Current knsets Debtors Cash at bank and in hand 323,453 740,209 1,063.662 312,806 983,932 1,296,738 Creditors ounts falling due within 1 year {376,245) 376,245 428,134 428,134 Not Current knets 687.417 868,604 TOT NET ASSETS 4,333.241 4,505,041 Funds of the charity Restricted Design& General TOTAL FUNDS 11 13 1.657.223 848.961 1.827.057 1.758,974 1.238,660 1,507,407 The Notes on pages 17 to 25 fomi part of these financial statements The Financial Stataments were a ved by the Twstses on z and signed on its behalf by Christopher Willmott (Chalr and Truste8) 2022 Page 15 of25 Christian Unions
UCCF Trustees Report and Flnanclal SL2toments 2022 Cash Flow Statement For the year 8nded 301h AprS12022 Note 2022 2021 Cash Flows from operating actlvities Net income lexFWKlitur• the wiod adjustments for.. Depreciation chargas {Increase)Idecr8a$a in debtors hcreasel(decrease) in creditors Unrealised (Gain)ILoss on investments Investrnent income and interesl (Profft)lloss on disposal of fixed assets Net Cash provSded by operatlng activitios (171,799) 1,174. 57,629 {10.647} {51,886) (38,0531 {1,4281 {122) 55,485 1169,8551 1216,080) (1.494) (125) 1216,306) 880,893 Cash Flows from investlng actlvllles hcome from investments Tangible assets: addttKJns Tangible assets: sale Fxtteeds Investments.. addtiions Inveslments.. salo proceeds Net Cash provided by investing activities 1.428 (29,319) 474 1.494 {36.089) 125 <700.000) 27,41n (74470) Movennt in cash and cash e ulvalents in the re rtin (243.723) 1423 Cash and cash equlvants at 1st Vay 983,932 837,509 Cash and cash e uivalents at 30th 740,209 983.932 alysls of cash and eash equivalonts Cash at bank and In hand 740,209 983,932 Th• Notss on pages 17 to 25 forni part of these financial ststements The Christian nions Page 16 of25
UCCF Trustees Report and Financial Statements 2022 NOTES to the Financial Statements For the year ended 30 April 2022 ACCOUNTING POLICIES Basls of accounting These financial statements have been prepared In accordance with Accounting and Rèporting by Chartties: Statement of Recommended Practlce applicable to charities preparing their accounts in accordance with the Financial Reporting St8ndard applicable In the UK and Republlc of Ireland (FRS 102) (effective 151 January 20191- (Chartties SORP {FRS 10211, the Financial R8Wrting Standard appli(2ble in the UK and Republic of Ireland IFRS 102) and the Companies Act 2008. Assets and Ilabilities are initially recognised at historical cost or transadion value unles8 OtheiS8 stated in the relevant accK)unting poIY or note. UCCF meets the definltion of a public benefft entity under FRS 102. Golng Concern The financial statements have been prepared on a going concem basis as the Trustees believe that there are no material uncertainlies about The Fellowship's ability to continue as a going concern. The Trustees have considered the level of funds held and the expected level of incom8 and expenditure for the nexi 12 months and Ihe budgeted income and expenditure is SLrfficient wilh the level of reserves for Tha Fellowship to be able to conlnue as a going concem. Funds Accountlng The Fellowship's reserves are classffjd in the following three ways.. General Funds-These are unrestricted funds available for use at th8 discretion of the Trustees to use in the normal activity of The Fellowship in furtherance of its gèneral charitable obje¢tive$ and which have not b6en designated for other purposes. Designated Funds- These are unrestricted funds that have been Set aside by the Trustees for a particular purpose. Restricted Funds- These are funds that are to be used in accordance with specific restrfclk)ns Imposed by donors or which have been ralsed by Th8 Fellowship for particular purposes. Th8 costs of raising and administering these restricted funds are charged against the specific fund. Income and eXFendUre relatlng to restricted andlor designated purrK)ses are reflected In the Statement of Financial A1vr(leS ('SOFA°). with the resultant net in¢omingl(outgoing) resources thereon being approwiated each year to separate funds in the balan sheeL Tangible fixed assets Tanglble fixed assets costing more than £500 are capitalised and included at cosL including any iIdents1 8xpenses of acquisition to bring the asset into working condition for its Intended use. Assets are reviewed for impairmenl by the Trustees if circumstances indie their c8rylng value may exceed their net realisable value and value In use. Depreciation of leasehold property is provided at a rate cAlculated to wrlte oll the cost over not long8r than the rgmainlng period of the lease. Realised gains and losses are shown In the appropriate section of the SOFA. Page 17 of 25 Christian nions
UCCF Trustees Report and Financlal Stataments 2022 NOTES to the Financial Statements (continued) For the year ended 30Lh April 2022 Depreciatlon Is provided at rates calculated to write off the C$t of those assets on a straight-line basis over their expect8d useful Irves. The principal annual rates used are.. Freehold buildings Computsr and other shorter life equipment Fixiures and flttings 2.0010 33.0/. 12.5% Stock and work In progress Stock and work in progress is Statsd at the lower of Gost and net realisable value. Investments Investrnents and loans held as fixed assets include listed investments. Listed investmants are held at market value with any gain or loss belng taken to the SOFA. Incoma Income is included in the SOFA when The Fellowship is entitled to the income after any performanGe wndilions attached to the income have been rnet, the amounts can be measured reliably, and it is probable that the income will be received. Donations - Donations are recognised when th8 receipts hav8 been deposited Into the bank. The tax recoverable under Gtft Aid is recognised as income when il becomes receivable. LegaGies- Legacies are recognised vthen probate is gNen and there is sufficient information to value them. Grants- Grants ar8 recognised using the accrual model arKI are recognised In the accounts once all criteria for grant has been met. Expenditure All expenditure is accounted on an 8¢cruals basis. Expenditure is recognised when there is a legal or constructive obligation committing The Fellowship to the expenditure. Costs reported under each heading in the SOFA reflect the allo(*tions of activities directly attributable to that heading together wtth an apportionment of support and govem8nce costs {see below). Raising Funds represent the expendtture incurred on generating funds from all the possible sources of income. Charitable actwitie8 represent the expenditure incurred on sludent mlnlsty. Supwt costs include expenditur6 on office costs. govem8n1, payroll adrninistration, infonnation technok)gy, human resources and financing. Together with govemance costs they are allocated beeen the cost of raising funds and charitable actlvf(ies a8 shown in note 3. Foreign currency Transactions in for&ign curroncies are translated Into stertlng at rates of exchartge ruling at the date on which transactions occur. All foreign currency balances a translated at the rate wling at the balanc8 sheet date. Leaslng and hlre purchase ¢omm5tments Rentals payable under operating leases are charged against income on a 5traight-line basis over the lease tenm. Page 18 of 25 Christian nions
UCCF Trustees Report and Financial Statements 2022 NOTES to the Financial Statements {continued) For the year ended 30th April 2022 Taxation As 8 registered charity and in accordance with Section 505 ICTA 1988 Ihere Is no taxallon ch8rge arfsing from the result for the year. Irrecoverable VAT is treated as a cost to The Felk)wship and Is Included vthhln the relevant expense. Penslons The Fellowshlp uses a d6fined contribution pension scheme Tun by The People PenSn (TPP). Employer contributions into the scheme and contributions payable to the pension 8cheme are charged to the SOFA in the period to which they relale. Flnancial instruments The Fellowship onty holds bas financlal Instruments as defined in FRS 102. The financial assets and financial liabilities of the academy trust and their measurement basis are 88 follows.. Fin8ncial assets- trade. other debtors, accrued legacy incom8 and gtft aid recoverable are baslc financial instruments and are debt instruments measured at amortised cost as detail8d in note 8. Prepayments are not financial instruments. Cash at bank-18 ¢18ssified as a basic financial instrument and is measured at face value. Financial liabilitS- trade creditors, accrnals and other credf(ors are financial instruments, and are measured 8t amortised cost as detailed in note g. Taxation and soual security aro not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liablllty, as the sh settlement has already taken place and there Is an obligation lo deliver services rather than cash or another financial instrument. Critical Estimatos and Area5 of Judgement In the application of the charivs accounting policies, the trustee$ are required to make Judgements, estimates and a8$umplons about the carrying amount of assets and liabilities that are not readily apparent from olher sources. The estimatss and associated assumptions are based on historical experience and other factor5 that are considered to be relevanl. Actual results may differ from the8e estlmates. The estimates and undertying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised. rf the revision affects only that period. or in the period of the revision and future perit)ds rf the revSsion affects both current and future p8riods. The trustees do not consider that there a any estimates and assumptions which have a signrficant risk of causing a material adjustment to the carrying amount of assets and liabililles. Page 19 of25 Christian nions
UCCF Trustees Report and Flnancial Statements 2022 NOTES to the Financial Statements (continued) For the year ended 301h April 2022 2. EXPENDITURE Stsff Support Other Costs Costs Costs TOT TOT 2022 2021 Deprn Expernyiture on Raising Funds 184,814 35,107 162.263 Charitable ktivities 2,687,128 430,287 794,853 Total Expenditurè 1871,942 465,394 957,116 1435 384619 284,457 27,304 3,939,572 3.541.754 29,739 4324.191 3.826.211 3. SUPPORT COSTS Facilities &HR Finance IT Gov'nce TOTAL TOTPL 2022 2021 Raising Fund8 14,464 13,700 Student Mnisty 177,276 167,909 Total Support costs 191,739 181.609 5,398 66.162 71,560 1,545 35,107 30,658 18 941 430.287 425 190 20,486 465.394 455,848 Dq)reciation costs of £27,890 and staff costs of £279.381 are included wthin support costs. Support Costs are allocated to actwities cffl the basis of headcount. 4. NET INCOMEI(EXPENDITURE) 2022 Thk8 is stated after charging.. Auditors. remunération Depreciation Gift Aid (income) (9,360) (57,629) 305,249 (8,750) (55,485) 236.718 Page 20 of 25 Christian nions
UCCF Trustees Report and Flnanclal Statements 2022 NOTES to the Financial Statements (continued) For the year ended 30th April 2022 5. EMPLOYEES and TRUSTEES a) EMPLOYEES 2022 2021 Salarles sla1 securty costs Penslon Contributions 2.782.884 2,751,210 248,7 248,168 119,649 121.305 Total 3,151,323 3.120.682 The staff costs shown at*)ve differ from ttThe s170Kn in note 2 by the amount of staff cos¢s included 8S SUPPtyt costs. Average staff nunknrs bydlvlslon Sludent Mnisty 2022 2021 113 113 113 Total Number of 01009 whose total renwneratlon {oxcl penslons contrlbution & Nl) falls between the followlng range £60.000 - £69,999 2022 2021 Key n•nagoThnl rsOnn•1 ronwneralion The key management personnel of the charity comprisea of the Student Mnk8ty Leadership Team and the Trustees. The StLKlent Mnisty Leadership Team 18 the Director. the FI& Director. the Director of Crealive Evangelism, 4 Office Team Le&J8r8, 4 Fld Team Leaders and ts EA to the director. Total r•trwnoration {in¢l pension contribution) 2022 2021 Student Mnistry 654.536 618,676 In 2022 there were O Studenl Mnislry Lethship Team vacancie5. b) TRUSTEES
Trustee received remuneratM)n from the charity during the year (2021,. £ nil). Trustees are reimbLrsed for out of p)ckel travel and subsistence eypertses. 2021 Trustees recemng r&imbursement Total amount of reimbursement £799 £169 Total (aOnS recefved from trustees and k8y management person1 dudng the year wa$ £1,315 {2021: £2,750) ¢) RELATED PARTY TRANSACTIONS The were no related part transactions during the {2021" non8). The Christian nions Page 21 of 25
UCCF Trustees Report and Financial Ststements 2022 NOTES to the Financial Statements (continued) For the year ended 30th April 2022 6. TANGIBLE FIXED ASSETS Leasehold Computer, Property Fixtures & Fittings Total 1st 2021 th11ti¢$ Disposals 1.735,010 335,875 2.070.885 29,319 29.319 9.522 {9,5221 355,671 2,090,681 301h Wl 2022 1,735,010 Depreclatlon At 1st Y 2021 Charge for year On diskN)sals 235,287 24.768 286,654 32,861 9,167 310,347 521,941 57,629 {9.167} 510,402 30th 4)rf12022 260,056 Net Book Value At 30th Ppril 2021 At 30th Pprfl 2022 1.499.723 1,474,954 49.221 1,548.944 45.325 1,520,279 7. INVESTMENTS Costlmarket Value 2022 2021 krket value at start of dithjns at cost Disposals at caryir¥J valug Change in market val 38.052 216,081 Mark•t valuo at end of >Tar 2,125,$45 2,087,493 Flstorical cost at 30th 1,864,939 1,664,939 2,087,493 1.171,412 700,000 Investment Comprlses: 2022 2021 Cash stsd Investments 57,402 437.624 2,068,143 1,649,869 Total 2,12&545 2.087,493 Page 22 of 25 Christian nions
UCCF Trustees Report and Flnanclal Statements 2022 NOTES to the Financial Statements (continued) For the year ended 30th April 2022 8. DEBTORS: Amounts falllng due wlthln one year 2022 2021 Trade debtors £crued legacy Income Prepayments Gtft Aid recoverable Other debtors 7.763 183,508 66,772 12,925 52,485 Total 323,463 150,542 52,780 49,142 60,341 312,806 9. CREDITORS: Amounts falling due within one year 2022 2021 Trade creditots ALcruals Taxation and social seLurity Deferred Income Other creditors and accruals 67,500 170,332 25.885 158.953 84,233 54.180 Total 376,245 178,816 428,134 Deferred Income Conferencelsummer Team income received in advanoe Relay training fees & deposits received in thance Donations ft)r new staff post received in athnce 62.405 15,380 6,448 84233 155,666 14,990 Total 178,816 10. ANALYSIS of NET ASSETS BETVVEEN FUNDS Unrestricted Restricted Funds Funds 2022 Total Funds 2021 Total Funds Tangible fLxed assets hvestrnents Current assets Current liabilities 45,325 1,474,954 1,520,279 2.125,545 2,125,$45 833.787 229,875 1,CF)3,662 328,639 47,606 376,245 2.676,018 1,657,223 4,333,241 1.548.944 2,087.493 1,296,738 428,134 4,505.041 Total funds The Christian nions Page 23 of 25
UCCF Trustees Report and Financial Statements 2022 NOTES to the Financial Statements (continued) For the year ended 30 April 2022 11. RESTRICTED FUNDS Restricted funds are funds donated or allocated for restrict purwses. Balance at1stMay 2021 Balance at 30th •r 2022 Incom• Expenditure Transfers New Buitding Fund Vardy NE CUSW Fund RW Assistance Fund Exeter Uni CU Fund GosFel Project Leadership Netsvork 1,634,454 5,333 43.250 3,177 <24,768) 1,809,686 5,333 39,027 3,177 (6,309) 6.612 195.439 204,137 {6.612) 346,750 {384,440) 72.760 Total 1.758,974 78,551 78,551 1,657,223 The total transfer betsveen unrestricted and restricted funds of £78,551 in the year relates to income transfe1 fri)m General Funds to the Leadership Nthork project to cover the direct costs incurred in the year. The balanGe represents a grant which was r¢ceN¢d at the end of 4)ril to cover project 8Ctivrty in 2021122. 12. UNRESTRICTED FUNDS Balanca at1st May 2021 Balance at 301h Jr 2022 Income Expenditure Transfers General Funds Deswjnated Funds 1,507,407 1,238,660 Totsl 2.746,067 3,830,698 (3,799,316) 117,555 140,436 3.948.253 (3,939,752) 288,268 366,819 (78,5511 1,827.057 848.961 2.676,018 The Christian Unions Page 24 of 25
UCCF Trustees Report and Flnanclal Statements 2022 NOTES to the Financial Statements (continued) For the year ended 30th April 2022 13. DESIGNATED FUNDS The income funds of the charty include the following designated funds whh have been set asid8 out of unrestricted fijnds for Slf wrposes: Balance at 1st May 2021 Balanco at 30th 2022 Incom• Exponditurn Transfors )b R8t8ntKsn Fund staff Worker Posts Strategic Research SE CU Big Weekend Summer Tearn5 London Mssion & Training Hardship Fund R8s8rva Fund 1.11X).Th 97.723 {6,025) (366,667) (15,1521 15,OtXI 733,333 51.181 13,699 26.106 (57,4961 (75,180) (7,760) 7.760 3,786 1160 3,000 4,302 37,500 Total 1238.660 5,946 3,000 4,302 117,555 (140A36) (361819) 848,961 14. UNDISCLOSED INCOME & EXPENDITURE At 3¢Jh April 2022 The Fellowship had no undisclosed income arKJ exwThJilure (2021; £0) 15. PENSIONS The Fellowship operates a workplace pension scheme whose assels are held separately from those of The Fellowship in an irMJeFendently administered fijnd. Al digible stsff a aut enrolled Into the scheme. The Felbwship makes contributions into their scheme of 3¥0, 50h or 7.50/0. At 30th April 2022, there were contributions totslling £0 whlch were outstanding to the scheme. (2021. £0) 16 CAPITAL COMMITMEMrs 30th 4Drd 2022 there was no contract8d or authorised capital expeThditure {2021,' £0) 17 FINANCIAL COMMITMEKrs At 30th April 2022 The Fellowship had m commitments for payments under nonwcancdlable operating leases. (2021., £ nil) The Christian nions Page 25 of 25