REGISTERED CHARITY NUMBER: 326879
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
FOR
RADSTOCK MINISTRIES
FKCA Limited 260 - 270 Butterfield Great Marlings Luton Bedfordshire LU2 8DL
RADSTOCK MINISTRIES
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 DECEMBER 2020
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 17 |
RADSTOCK MINISTRIES
REFERENCE AND ADMINISTRATIVE DETAILS for the Year Ended 31 DECEMBER 2020
TRUSTEES Mr R Depping Mrs K Jones Parry Mr A Adams Mr G. I. Gunnarsson Mr L Osborne PRINCIPAL ADDRESS C/o Stopsley Baptist Church St Thomas's Road Luton Beds LU2 7XP REGISTERED CHARITY 326879 NUMBER INDEPENDENT EXAMINER FKCA Limited 260 - 270 Butterfield Great Marlings Luton Bedfordshire LU2 8DL
Page 1
RADSTOCK MINISTRIES
REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the charity are that of the advancement of the Christian faith. Radstock Ministries is a partnership of local churches which are committed to making known the good news of Jesus and demonstrating God's kingdom by sustainable social action as they encourage, support and strengthen each other.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Building on the restructuring in 2019, the Board focused in 2020 on establishing aims and goals for developing the network in the Northern Europe region. Focus areas are Board Development, Regional Development, Communications, and Network Relationships, and an early priority has been to source feedback from current member churches in the region on the best ways to foster communication and collaboration.
The inevitable impacts of Covid-19, both locally and globally, constrained many activities for individual churches and projects, and for developing church partnerships. Online calls and meetings were put to good use in supporting and encouraging existing mission partners, both within the Northern Europe Region (which currently includes member churches from the UK, Ireland, Iceland, Belarus, Russia, Ukraine) and across the wider network particularly the Balkans and South Asia.
Planning led by Executive Director, Brian Jose, for a Zoom Round Table in early 2021 were warmly received by both existing members and some considering membership.
Anthony Adams took 6 months' advised sabbatical leave to December 2020, and his role(s) within the Board, Region and Network Co-ordination Team will be important contributions in furthering both board and regional development in 2021.
New support staff
Mike and Grace Park were jointly appointed to the role Operations Manager Based in the US, a role serving across the Radstock network. They started in August 2020 and are already a great asset.
Member churches
Membership enquiries were received from one new UK church and a church in Ireland who have shown interest in the past. Both intend to confirm membership early in 2021 and to participate in the Zoom Round Table as an early and practicable way to begin to feel the benefits of participating in the wider network, even while lockdown constraints remain.
FINANCIAL REVIEW
Financial position
Once again income from the administration charges on personal or project support was above budget. Administrative expenses were kept a little under-budget. 'Advancement' costs were significantly lower than planned due to the limitations on travel and other development activities, but so too were undesignated donations and member-church giving - in part as a knock-on from the financial implications of Covid-19 on some churches.
As the wider restructuring continues to take effect, the aim is to fund our administrative costs from the administrative charges (and any special giving designated for administration) and for 'advancement' costs to be funded by General Fund donations, member-church giving (and some personal fundraising by staff). Just as we encourage member churches to contribute financially to the shared costs of being a collaborative network, we as a UK Board for the Northern Europe region committed to contributing annually to Radstock's International Budget, as agreed by the International Council.
The trustees confirm that they have referred to the guidance contained in Charity Commission's general guidance on public benefit when setting their grant making policy for the year, in line with the charity's aims and objectives.
Page 2
RADSTOCK MINISTRIES
REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER 2020
FINANCIAL REVIEW
Reserves policy
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to approximately three months unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs and to respond to emergency applications for grants which arise from time to time. Unrestricted funds were maintained at this level throughout the year.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Radstock Ministries is a Registered Charity (reg. no. 326879) formed under a Trust Deed with Trustees who are incorporated as a body.
Trustees and leadership
The appointment of new Trustees is considered by the existing Trustees to ensure that the board of Trustees has the appropriate skill sets to carry out its responsibilities. The induction process of new Trustees comprises an initial meeting at which the new Trustee is briefed, given background information documents listed in the Radstock Trustee Orientation document, inducted into US and UK procedures and given a specific job description. New trustees are provided with a copy of the Charity's most recent annual financial statements and other relevant documents.
Although Radstock is an organic network at heart, and our primary activities are structured around project-based church partnerships, we also have a framework structure designed to develop the network, promote cohesion and provide "back office" administrative services.
Risk management
The trustees examine the major risks which the charity faces each year when preparing the financial review, and regularly make re-assessments on an ongoing basis at periodic trustee meetings. The trustees confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. The Trustees confirm that the major risk to which the Charity is exposed, as identified by the Trustees, have been reviewed and systems have been established to mitigate those risks.
Approved by order of the board of trustees on 16 April 2021 and signed on its behalf by:
Mr L Osborne - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RADSTOCK MINISTRIES
Independent examiner's report to the trustees of Radstock Ministries
I report to the charity trustees on my examination of the accounts of Radstock Ministries (the Trust) for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Tara Aldwin ACA FKCA Limited 260 - 270 Butterfield Great Marlings Luton Bedfordshire LU2 8DL
Date: .............................................
Page 4
RADSTOCK MINISTRIES
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 DECEMBER 2020
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 16,086 Activities for generating funds 3 - Total 16,086 EXPENDITURE ON Fundraising events - Charitable activities 4 Costs of activities in furtherance of the objects of the ministry 14,359 Total 14,359 NET INCOME 1,727 RECONCILIATION OF FUNDS Total funds brought forward 51,067 TOTAL FUNDS CARRIED FORWARD 52,794 |
Restricted funds £ 206,451 - 206,451 - 200,714 200,714 5,737 29,812 35,549 |
2020 Total funds £ 222,537 - 222,537 - 215,073 215,073 7,464 80,879 88,343 |
2019 Total funds £ 230,442 2,906 233,348 2,873 228,004 230,877 2,471 78,408 80,879 |
|---|---|---|---|
The notes form part of these financial statements
Page 5
RADSTOCK MINISTRIES
BALANCE SHEET 31 DECEMBER 2020
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 10 46,919 CURRENT ASSETS Debtors 11 140 Cash at bank 6,485 6,625 CREDITORS Amounts falling due within one year 12 (750) NET CURRENT ASSETS 5,875 TOTAL ASSETS LESS CURRENT LIABILITIES 52,794 NET ASSETS 52,794 FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - 3,918 31,631 35,549 - 35,549 35,549 35,549 |
2020 Total funds £ 46,919 4,058 38,116 42,174 (750) 41,424 88,343 88,343 52,794 35,549 88,343 |
2019 Total funds £ 46,983 - 34,676 34,676 (780) 33,896 80,879 80,879 51,067 29,812 80,879 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 16 April 2021 and were signed on its behalf by:
Mr L Osborne - Trustee
The notes form part of these financial statements
Page 6
RADSTOCK MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 DECEMBER 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The charity constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 30% on reducing balance
Depreciation is not charged on the freehold property on the grounds that the amount is immaterial, as at this time the estimated residual value of the asset is not expected to fall below the carrying value. An impairment review is to be carried out on an annual basis.
Tangible fixed assets are recognised at cost less depreciation.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Debtors, cash and creditors
Debtors
Debtors are recognised at the settlement amount due.
Cash at bank and in hand
Cash at bank represents the balance in the bank as at the year end which includes both restricted and unrestricted funds.
continued...
Page 7
RADSTOCK MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2020
1. ACCOUNTING POLICIES - continued
Debtors, cash and creditors
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
2. DONATIONS AND LEGACIES
| Donations 3. ACTIVITIES FOR GENERATING FUNDS Fundraising events 4. CHARITABLE ACTIVITIES COSTS Costs of activities in furtherance of the objects of the ministry 5. DIRECT COSTS OF CHARITABLE ACTIVITIES Staff costs Designated fund payments |
Direct Costs (see note 5) £ 204,354 |
2020 £ 222,537 2020 £ - Support costs (see note 6) £ 10,719 2020 £ 3,640 200,714 204,354 |
2019 £ 230,442 2019 £ 2,906 Totals £ 215,073 2019 £ 5,381 205,618 210,999 |
|---|---|---|---|
continued...
Page 8
RADSTOCK MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2020
6. SUPPORT COSTS
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| Management | costs | Totals | |
| £ | £ | £ | |
| Costs of activities in furtherance of the | |||
| objects of the ministry | 9,159 | 1,560 | 10,719 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
8. STAFF COSTS
The average number of employees during the year was Nil (2019: Nil).
9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 18,935 Activities for generating funds 2,906 Total 21,841 EXPENDITURE ON Fundraising events 2,873 Charitable activities Costs of activities in furtherance of the objects of the ministry 16,650 Total 19,523 NET INCOME 2,318 RECONCILIATION OF FUNDS Total funds brought forward 48,749 TOTAL FUNDS CARRIED FORWARD 51,067 |
Restricted funds £ 211,507 - 211,507 - 211,354 211,354 153 29,659 29,812 |
Total funds £ 230,442 2,906 233,348 2,873 228,004 230,877 2,471 78,408 80,879 |
|---|---|---|
continued...
Page 9
RADSTOCK MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2020
| 10. TANGIBLE FIXED ASSETS Freehold Computer property equipment £ £ COST At 1 January 2020 and 31 December 2020 46,770 979 DEPRECIATION At 1 January 2020 - 766 Charge for year - 64 At 31 December 2020 - 830 NET BOOK VALUE At 31 December 2020 46,770 149 At 31 December 2019 46,770 213 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 £ Accrued income 4,058 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 £ Other creditors 750 |
Totals £ 47,749 766 64 830 46,919 46,983 2019 £ - 2019 £ 780 |
|---|---|
continued...
Page 10
RADSTOCK MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2020
13. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1.1.20 | in funds | 31.12.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 4,084 | 1,791 | 5,875 |
| Fixed asset fund | 46,983 | (64) | 46,919 |
| Restricted funds | 51,067 | 1,727 | 52,794 |
| Ichthus | - | 183 | 183 |
| P. Williams | 2,452 | 859 | 3,311 |
| Artur Tushi | 67 | 764 | 831 |
| RC14. 11 | 559 | - | 559 |
| Paulin Veliceku | 1,534 | (836) | 698 |
| S & K Halilaj | 917 | (32) | 885 |
| G. Begu | 254 | (73) | 181 |
| Myanmar | 244 | 972 | 1,216 |
| K. Callaghan | 498 | (294) | 204 |
| F & M Zenelaj | 1,785 | 2,469 | 4,254 |
| Edi Gjoni | 330 | (243) | 87 |
| Sam Goldsmith | 86 | 46 | 132 |
| Seedtime | 2,991 | (2,675) | 316 |
| D. Snyder | 329 | 10 | 339 |
| AK Coalition | 2,761 | 664 | 3,425 |
| A. Adams | 1,949 | 3,496 | 5,445 |
| Albania | 298 | 548 | 846 |
| B. Jose | 4,008 | 149 | 4,157 |
| Gostivar | 188 | 602 | 790 |
| S. Attwood | 1,772 | 465 | 2,237 |
| Balkans | 135 | - | 135 |
| KIEV | 52 | - | 52 |
| Urban Life Church Derby | 2,929 | (1,613) | 1,316 |
| Kristian Kotorri | 20 | - | 20 |
| Church Planter Training Tetovo | 1,123 | (1,118) | 5 |
| Gjilan Kosovo | 377 | 123 | 500 |
| Iceland | - | 380 | 380 |
| Richard and Naomi Grindley | 683 | 886 | 1,569 |
| Travel to Russia | 950 | - | 950 |
| Alan Giles | 269 | - | 269 |
| Church Planter Training Academy Fund | 252 | - | 252 |
| Oggie Choilamts | - | 5 | 5 |
| 29,812 | 5,737 | 35,549 | |
| TOTAL FUNDS | 80,879 | 7,464 | 88,343 |
continued...
Page 11
RADSTOCK MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2020
13. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Fixed asset fund Restricted funds Ichthus P. Williams Artur Tushi Paulin Veliceku S & K Halilaj G. Begu Myanmar K. Callaghan F & M Zenelaj Edi Gjoni Sam Goldsmith Seedtime Schroeder D. Snyder AK Coalition A. Adams Albania B. Jose Gostivar S. Attwood Urban Life Church Derby Church Planter Training Tetovo Gjilan Kosovo Iceland Richard and Naomi Grindley Oggie Choilamts TOTAL FUNDS |
Incoming resources £ 16,086 - 16,086 183 29,469 10,904 9,404 7,705 875 1,080 327 18,093 689 218 5,444 100 845 5,412 36,324 589 15,536 1,050 13,700 1,348 (1) 4,997 5,400 30,880 5,880 206,451 222,537 |
Resources Movement expended in funds £ £ (14,295) 1,791 (64) (64) (14,359) 1,727 - 183 (28,610) 859 (10,140) 764 (10,240) (836) (7,737) (32) (948) (73) (108) 972 (621) (294) (15,624) 2,469 (932) (243) (172) 46 (8,119) (2,675) (100) - (835) 10 (4,748) 664 (32,828) 3,496 (41) 548 (15,387) 149 (448) 602 (13,235) 465 (2,961) (1,613) (1,117) (1,118) (4,874) 123 (5,020) 380 (29,994) 886 (5,875) 5 (200,714) 5,737 (215,073) 7,464 |
|---|---|---|
continued...
Page 12
RADSTOCK MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2020
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.19 | in funds | 31.12.19 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,675 | 2,409 | 4,084 |
| Fixed asset fund | 47,074 | (91) | 46,983 |
| Restricted funds | 48,749 | 2,318 | 51,067 |
| Ichthus | 4,064 | (4,064) | - |
| P. Williams | 2,113 | 339 | 2,452 |
| Artur Tushi | 272 | (205) | 67 |
| RC14. 11 | 559 | - | 559 |
| Paulin Veliceku | 1,548 | (14) | 1,534 |
| S & K Halilaj | 325 | 592 | 917 |
| G. Begu | 571 | (317) | 254 |
| K. Young | 1 | (1) | - |
| Myanmar | - | 244 | 244 |
| B & M Gorrea | 311 | (311) | - |
| K. Callaghan | 784 | (286) | 498 |
| F & M Zenelaj | 4,092 | (2,307) | 1,785 |
| Edi Gjoni | 102 | 228 | 330 |
| Sam Goldsmith | 6 | 80 | 86 |
| Seedtime | 564 | 2,427 | 2,991 |
| D. Snyder | 243 | 86 | 329 |
| AK Coalition | 450 | 2,311 | 2,761 |
| A. Adams | 4,259 | (2,311) | 1,948 |
| Albania | 563 | (265) | 298 |
| B. Jose | 3,490 | 519 | 4,009 |
| Gostivar | 98 | 90 | 188 |
| S. Attwood | 1,867 | (95) | 1,772 |
| Balkans | - | 135 | 135 |
| KIEV | 52 | - | 52 |
| Urban Life Church Derby | 416 | 2,513 | 2,929 |
| Kristian Kotorri | 20 | - | 20 |
| Rachael Kittley | 284 | (284) | - |
| Church Planter Training Tetovo | 659 | 464 | 1,123 |
| Gjilan Kosovo | 570 | (193) | 377 |
| Iceland | 95 | (95) | - |
| Richard and Naomi Grindley | 1,281 | (598) | 683 |
| Travel to Russia | - | 950 | 950 |
| Alan Giles | - | 269 | 269 |
| Church Planter Training Academy Fund | - | 252 | 252 |
| 29,659 | 153 | 29,812 | |
| TOTAL FUNDS | 78,408 | 2,471 | 80,879 |
continued...
Page 13
RADSTOCK MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2020
13. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Fixed asset fund Restricted funds Ichthus P. Williams Artur Tushi Paulin Veliceku S & K Halilaj G. Begu K. Young Myanmar B & M Gorrea K. Callaghan F & M Zenelaj Edi Gjoni Sam Goldsmith Seedtime D. Snyder AK Coalition A. Adams Albania B. Jose Gostivar S. Attwood Balkans Urban Life Church Derby Rachael Kittley Church Planter Training Tetovo Gjilan Kosovo Iceland Richard and Naomi Grindley Travel to Russia Alan Giles Church Planter Training Academy Fund TOTAL FUNDS |
Incoming resources £ 21,841 - 21,841 848 31,464 6,136 13,961 10,241 2,684 - 1,081 4,353 715 13,300 1,430 84 2,638 843 6,540 28,938 - 18,490 1,015 14,100 1,264 4,924 - 5,138 5,601 - 31,903 950 2,614 252 211,507 233,348 |
Resources Movement expended in funds £ £ (19,432) 2,409 (91) (91) (19,523) 2,318 (4,912) (4,064) (31,125) 339 (6,341) (205) (13,975) (14) (9,649) 592 (3,001) (317) (1) (1) (837) 244 (4,664) (311) (1,001) (286) (15,607) (2,307) (1,202) 228 (4) 80 (211) 2,427 (757) 86 (4,229) 2,311 (31,249) (2,311) (265) (265) (17,971) 519 (925) 90 (14,195) (95) (1,129) 135 (2,411) 2,513 (284) (284) (4,674) 464 (5,794) (193) (95) (95) (32,501) (598) - 950 (2,345) 269 - 252 (211,354) 153 (230,877) 2,471 |
|---|---|---|
continued...
Page 14
RADSTOCK MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2020
13. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.19 | in funds | 31.12.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,675 | 4,200 | 5,875 |
| Fixed asset fund | 47,074 | (155) | 46,919 |
| Restricted funds | 48,749 | 4,045 | 52,794 |
| Ichthus | 4,064 | (3,881) | 183 |
| P. Williams | 2,113 | 1,198 | 3,311 |
| Artur Tushi | 272 | 559 | 831 |
| RC14. 11 | 559 | - | 559 |
| Paulin Veliceku | 1,548 | (850) | 698 |
| S & K Halilaj | 325 | 560 | 885 |
| G. Begu | 571 | (390) | 181 |
| K. Young | 1 | (1) | - |
| Myanmar | - | 1,216 | 1,216 |
| B & M Gorrea | 311 | (311) | - |
| K. Callaghan | 784 | (580) | 204 |
| F & M Zenelaj | 4,092 | 162 | 4,254 |
| Edi Gjoni | 102 | (15) | 87 |
| Sam Goldsmith | 6 | 126 | 132 |
| Seedtime | 564 | (248) | 316 |
| D. Snyder | 243 | 96 | 339 |
| AK Coalition | 450 | 2,975 | 3,425 |
| A. Adams | 4,259 | 1,185 | 5,444 |
| Albania | 563 | 283 | 846 |
| B. Jose | 3,490 | 668 | 4,158 |
| Gostivar | 98 | 692 | 790 |
| S. Attwood | 1,867 | 370 | 2,237 |
| Balkans | - | 135 | 135 |
| KIEV | 52 | - | 52 |
| Urban Life Church Derby | 416 | 900 | 1,316 |
| Kristian Kotorri | 20 | - | 20 |
| Rachael Kittley | 284 | (284) | - |
| Church Planter Training Tetovo | 659 | (654) | 5 |
| Gjilan Kosovo | 570 | (70) | 500 |
| Iceland | 95 | 285 | 380 |
| Richard and Naomi Grindley | 1,281 | 288 | 1,569 |
| Travel to Russia | - | 950 | 950 |
| Alan Giles | - | 269 | 269 |
| Church Planter Training Academy Fund | - | 252 | 252 |
| Oggie Choilamts | - | 5 | 5 |
| 29,659 | 5,890 | 35,549 | |
| TOTAL FUNDS | 78,408 | 9,935 | 88,343 |
continued...
Page 15
RADSTOCK MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2020
13. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Fixed asset fund Restricted funds Ichthus P. Williams Artur Tushi Paulin Veliceku S & K Halilaj G. Begu K. Young Myanmar B & M Gorrea K. Callaghan F & M Zenelaj Edi Gjoni Sam Goldsmith Seedtime Schroeder D. Snyder AK Coalition A. Adams Albania B. Jose Gostivar S. Attwood Balkans Urban Life Church Derby Rachael Kittley Church Planter Training Tetovo Gjilan Kosovo Iceland Richard and Naomi Grindley Travel to Russia Alan Giles Church Planter Training Academy Fund Oggie Choilamts TOTAL FUNDS |
Incoming resources £ 37,927 - 37,927 1,031 60,933 17,040 23,365 17,946 3,559 - 2,161 4,353 1,042 31,393 2,119 302 8,082 100 1,688 11,952 65,262 589 34,026 2,065 27,800 1,264 6,272 - 5,137 10,598 5,400 62,783 950 2,614 252 5,880 417,958 455,885 |
Resources Movement expended in funds £ £ (33,727) 4,200 (155) (155) (33,882) 4,045 (4,912) (3,881) (59,735) 1,198 (16,481) 559 (24,215) (850) (17,386) 560 (3,949) (390) (1) (1) (945) 1,216 (4,664) (311) (1,622) (580) (31,231) 162 (2,134) (15) (176) 126 (8,330) (248) (100) - (1,592) 96 (8,977) 2,975 (64,077) 1,185 (306) 283 (33,358) 668 (1,373) 692 (27,430) 370 (1,129) 135 (5,372) 900 (284) (284) (5,791) (654) (10,668) (70) (5,115) 285 (62,495) 288 - 950 (2,345) 269 - 252 (5,875) 5 (412,068) 5,890 (445,950) 9,935 |
|---|---|---|
continued...
Page 16
RADSTOCK MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2020
14. RELATED PARTY DISCLOSURES
Anthony Adams (Trustee) and Brian Jose (Executive director) both run projects for the charity in their roles as mission associates. Details of their projects can be seen in note 13.
15. INDEPENDENT EXAMINER'S FEES
The independent examiner's fee for the examination of the accounts for the year ending 31 December 2020 is £600 (2019: £600).
The independent examiner's fee for non-IE services for the year ending 31 December 2020 is £700 (2019: £700).
16. CONTINGENT LIABILITIES
It is recognised that Brian Jose has invested personal funds in the freehold property in order to render it habitable at the time of purchase and in recognition of this a one ninth share of the flat is considered to be his property.
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