**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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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.
Page 17