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2023-04-05-accounts

Notes to the Financial Statements (continued) (continued)
Year ended 5 April 2023
4 Loan
The loan isto Christchurch Baldock. It is repayable by 2027 adjusted
for any increase
in the
value ofthe property purchased with the help of the loan.
5 Grants payable
2023 2022
The following
grants were
made during the year
Grace Church
Hackney
11,244 15,354
Christchurch
Baldock
7,350 7,000
United
Fields Mission
7,850 6,500
Emmanuel 5,000 0
Christchurch
Balham
2,250 0
UCCF 2,000 2,500
OMF 1,600 1,600
Christian
Medical Fellowship
1,260 1,260
Stewardship 1,000 1,500
International
Fellowship
1,000 0
Friends International 1,000 1,250
Titus Trust 1,000 1,000
Faith in Kids 1,000 1,000
lllyrian
Gospel Trust
1,000 1,000
Operation
Mobilisation
500 1,000
Langham
Partnership
500 1,500
6 (2022:5)grants under E1,000 3,250 2,750
E48,804 E4,214
6 Governance
Costs
Solicitors' Fees
Bank charges
EO EO
7 Fundraising
costs
Investment
Management
Charges 4,752 9,716
E4,752 E9,716
8 Transactions
with Trustees
No remuneration
or expenses have been paid tothe Trustees.