2021-12-31-accounts

REGISTERED CHARITY NUMBER: 326879

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

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 2021

		Page
Reference and Administrative Details		1
Report of the Trustees	2	to	4
Independent Examiner's Report		5
Statement of Financial Activities		6
Balance Sheet		7
Notes to the Financial Statements	8	to	18

RADSTOCK MINISTRIES

REFERENCE AND ADMINISTRATIVE DETAILS for the Year Ended 31 DECEMBER 2021

TRUSTEES Mr R Depping (resigned 4.11.21) 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 2021

The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. 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 AIMS

The principal activity throughout the period under review was 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

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

After focusing in 2020 on establishing aims and goals for the development of the network in the Northern Europe region, in 2021 the trustees sought to build on that through recruiting the services of a Regional Director who would gather a team to deliver the goals set by the trustees. Anthony Adams agreed to provide this service, part-time, alongside other freelance roles he has with other charities, and began by recruiting volunteers and other part-time assistance, fundraising and refining the categories for church membership.

2021 saw the UK and most other countries in our region returning into lockdown once again. This meant we were unable to travel in the way that we would normally but the network as a whole rallied, making use of technology such as zoom, in order to continue to develop relationships and support one another.

Two ways in which this was seen:

1. Zoom Round Table Conference held in January 2021. This was very well attended and significantly aided the work of the advancement of the Christian faith through our churches, as we had time for ministry reports, prayer, encouragement, new relationships and opportunities for partnerships.

2. Zoom consultation/questionnaire sessions with network church leaders across the region. This informed our priorities going forward - building stronger relationships and developing clearer information on opportunities.

As travel restrictions eased later in the year, Anthony Adams visited a number of churches across the UK as part of his remit as Regional Director - both existing network members and those considering membership. He also visited the US and spent time speaking with network churches there about the opportunities for ministry in Northern Europe, establishing the beginnings of new partnerships.

Team changes

After 6 years of faithful and conscientious service, Bec Adjoh stepped down as Regional Finance Administrator. After some difficulties in recruiting, two of the trustees agreed to oversee the finances for the remainder of 2021, with support and advice from Bec. With her help we were able to keep all the financial operations going.

Member Churches

Kinsale Baptist Church, Ireland, joined the network early in 2021, and is enthusiastically getting involved. An enquiry was received from a church in Germany considering partnership.

As part of strengthening regional network identity, we are distinguishing between two categories of church membership: Network Partners and Project Partners. In the coming year, all churches in the region will be contacted to confirm their level of Partnership and their particular needs, opportunities and contributions to be shared across the regional and global network.

Page 2

RADSTOCK MINISTRIES

REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER 2021

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 includes initial meetings at which the new Trustee is briefed, given background information documents, inducted into UK procedures and, where appropriate, 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.

Ralph Depping stepped down as a trustee in November 2021, having served an extended term to provide valuable continuity and leadership through the process of regionalisation. Recruiting new Board members is a high priority for 2022.

Although Radstock is an organic network at heart, and our primary activities are structured around project-based church partnerships, we also have an organisational structure designed to develop the network, promote cohesion and provide "back office" administrative services.

FINANCIAL REVIEW

Financial position

Financially, the trustees were pleased that despite the many Covid-related financial hardships facing people and churches in our region, for the most part our donors were able to remain committed and continued to support the charity.

Further, there was a significant response to a fundraising appeal for network churches in Cambodia as they served their communities facing issues with food and other basic supplies because of Covid-19. We were encouraged by how churches and individual donors in our region gave generously to support our friends in Phnom Penh.

Once again income from the administration charges on personal or project support was above budget - particularly in relation to targeted fundraising campaigns. As a board we recognise the strategic impact of such campaigns, both for those in need within our network, and for organisational costs, especially as undesignated donations and member-church giving were under-budget once again. Both administrative and 'advancement' expenses were kept a little under the (already low) budget of c.£20,000, with spending focused on appropriate priorities of personnel, travel and communications.

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.

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, administration and support costs. 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.

Page 3

RADSTOCK MINISTRIES

REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

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 27 October 2022 and signed on its behalf by:

Mr L Osborne - Trustee

Page 4

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 2021.

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 5

RADSTOCK MINISTRIES

STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 DECEMBER 2021

Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 21,479 EXPENDITURE ON Charitable activities 3 Costs of activities in furtherance of the objects of the ministry 18,931 NET INCOME 2,548 RECONCILIATION OF FUNDS Total funds brought forward 52,794 TOTAL FUNDS CARRIED FORWARD 55,342	Restricted funds £ 223,610 217,477 6,133 35,549 41,682	2021 Total funds £ 245,089 236,408 8,681 88,343 97,024	2020 Total funds £ 222,537 215,073 7,464 80,879 88,343

The notes form part of these financial statements

Page 6

RADSTOCK MINISTRIES

BALANCE SHEET 31 DECEMBER 2021

Unrestricted funds Notes £ FIXED ASSETS Tangible assets 9 46,874 CURRENT ASSETS Debtors 10 30 Cash at bank 9,278 9,308 CREDITORS Amounts falling due within one year 11 (840) NET CURRENT ASSETS 8,468 TOTAL ASSETS LESS CURRENT LIABILITIES 55,342 NET ASSETS 55,342 FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS	Restricted funds £ - 926 40,756 41,682 - 41,682 41,682 41,682	2021 Total funds £ 46,874 956 50,034 50,990 (840) 50,150 97,024 97,024 55,342 41,682 97,024	2020 Total funds £ 46,919 4,057 38,117 42,174 (750) 41,424 88,343 88,343 52,794 35,549 88,343

The financial statements were approved by the Board of Trustees and authorised for issue on 27 October 2022 and were signed on its behalf by:

Mr L Osborne - Trustee

The notes form part of these financial statements

Page 7

RADSTOCK MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 DECEMBER 2021

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.

The presentation currency is GBP (£).

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.

continued...

Page 8

RADSTOCK MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2021

1. ACCOUNTING POLICIES - continued

Debtors, cash and creditors

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.

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

2021 £ Donations 245,089 3. CHARITABLE ACTIVITIES COSTS Direct Support Costs (see costs (see note 4) note 5) £ £ Costs of activities in furtherance of the objects of the ministry 224,567 11,841 4. DIRECT COSTS OF CHARITABLE ACTIVITIES 2021 £ Staff costs 7,090 Designated fund payments 217,477 224,567 5. SUPPORT COSTS Governance Management costs £ £ Costs of activities in furtherance of the objects of the ministry 10,101 1,740

2020 £ 222,537 Totals £ 236,408 2020 £ 3,640 200,714 204,354 Totals £ 11,841

continued...

Page 9

RADSTOCK MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2021

6. TRUSTEES' REMUNERATION AND BENEFITS

Anthony Adams received £3,450 (2020:Nil) for fees as his acting role as regional director.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.

7. STAFF COSTS

The average number of employees during the year was 1 (2020: Nil).

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 16,086 206,451 EXPENDITURE ON Charitable activities Costs of activities in furtherance of the objects of the ministry 14,359 200,714 NET INCOME 1,727 5,737 RECONCILIATION OF FUNDS Total funds brought forward 51,067 29,812 TOTAL FUNDS CARRIED FORWARD 52,794 35,549 9. TANGIBLE FIXED ASSETS Freehold Computer property equipment £ £ COST At 1 January 2021 and 31 December 2021 46,770 979 DEPRECIATION At 1 January 2021 - 830 Charge for year - 45 At 31 December 2021 - 875 NET BOOK VALUE At 31 December 2021 46,770 104 At 31 December 2020 46,770 149

Total funds £ 222,537 215,073 7,464 80,879 88,343 Totals £ 47,749 830 45 875 46,874 46,919

continued...

Page 10

RADSTOCK MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2021

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued income 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors	2021 £ 956 2021 £ 840	2020 £ 4,057 2020 £ 750

continued...

Page 11

RADSTOCK MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2021

12. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
		Net
		movement	At
	At 1.1.21	in funds	31.12.21
	£	£	£
Unrestricted funds
General fund	5,875	2,593	8,468
Fixed asset fund	46,919	(45)	46,874
Restricted funds	52,794	2,548	55,342
Ichthus	183	-	183
P. Williams	3,311	(227)	3,084
Artur Tushi	831	(173)	658
RC14. 11	559	-	559
Paulin Veliceku	698	(65)	633
S & K Halilaj	885	(49)	836
G. Begu	181	(52)	129
Myanmar	1,217	98	1,315
K. Callaghan	204	-	204
F & M Zenelaj	4,254	(1,982)	2,272
Edi Gjoni	87	-	87
Sam Goldsmith	132	(86)	46
Seedtime	315	47	362
D. Snyder	339	87	426
AK Coalition	3,425	6,034	9,459
A. Adams	5,444	(3,739)	1,705
Albania	846	(284)	562
B. Jose	4,158	66	4,224
Gostivar	790	(730)	60
S. Attwood	2,236	1,209	3,445
Balkans	135	-	135
KIEV	51	-	51
Urban Life Church Derby	1,317	1,566	2,883
Kristian Kotorri	20	-	20
Church Planter Training Tetovo	5	-	5
Gjilan Kosovo	500	236	736
Iceland	380	(344)	36
Richard and Naomi Grindley	1,569	719	2,288
Travel to Russia	950	-	950
Alan Giles	269	-	269
Church Planter Training Academy Fund	252	-	252
Oggie Choilamts	5	-	5
Cambodia	1	3,693	3,694
Greg Reader	-	38	38
Ilir & Megan Stambolliu	-	71	71
	35,549	6,133	41,682
TOTAL FUNDS	88,343	8,681	97,024

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Page 12

RADSTOCK MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2021

12. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds General fund Fixed asset fund Restricted funds P. Williams Artur Tushi Paulin Veliceku S & K Halilaj G. Begu Myanmar F & M Zenelaj Sam Goldsmith Seedtime D. Snyder AK Coalition A. Adams Albania B. Jose Gostivar S. Attwood Urban Life Church Derby Gjilan Kosovo Iceland Richard and Naomi Grindley Cambodia Greg Reader Ilir & Megan Stambolliu TOTAL FUNDS	Incoming resources £ 21,479 - 21,479 27,597 6,583 6,441 4,773 811 1,110 10,454 84 16,159 942 22,537 46,280 216 15,272 - 14,769 1,635 1,825 5,920 30,383 9,660 84 75 223,610 245,089	Resources Movement expended in funds £ £ (18,886) 2,593 (45) (45) (18,931) 2,548 (27,824) (227) (6,756) (173) (6,506) (65) (4,822) (49) (863) (52) (1,012) 98 (12,436) (1,982) (170) (86) (16,112) 47 (855) 87 (16,503) 6,034 (50,019) (3,739) (500) (284) (15,206) 66 (730) (730) (13,560) 1,209 (69) 1,566 (1,589) 236 (6,264) (344) (29,664) 719 (5,967) 3,693 (46) 38 (4) 71 (217,477) 6,133 (236,408) 8,681

continued...

Page 13

RADSTOCK MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2021

12. MOVEMENT IN FUNDS - continued

Comparatives for 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 14

RADSTOCK MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2021

12. 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 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 15

RADSTOCK MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2021

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

		Net
		movement	At
	At 1.1.20	in funds	31.12.21
	£	£	£
Unrestricted funds
General fund	4,084	4,384	8,468
Fixed asset fund	46,983	(109)	46,874
Restricted funds	51,067	4,275	55,342
Ichthus	-	183	183
P. Williams	2,452	632	3,084
Artur Tushi	67	591	658
RC14. 11	559	-	559
Paulin Veliceku	1,534	(901)	633
S & K Halilaj	917	(81)	836
G. Begu	254	(125)	129
Myanmar	244	1,070	1,314
K. Callaghan	498	(294)	204
F & M Zenelaj	1,785	487	2,272
Edi Gjoni	330	(243)	87
Sam Goldsmith	86	(40)	46
Seedtime	2,991	(2,628)	363
D. Snyder	329	97	426
AK Coalition	2,761	6,698	9,459
A. Adams	1,949	(243)	1,706
Albania	298	264	562
B. Jose	4,008	215	4,223
Gostivar	188	(128)	60
S. Attwood	1,772	1,674	3,446
Balkans	135	-	135
KIEV	52	-	52
Urban Life Church Derby	2,929	(47)	2,882
Kristian Kotorri	20	-	20
Church Planter Training Tetovo	1,123	(1,118)	5
Gjilan Kosovo	377	359	736
Iceland	-	36	36
Richard and Naomi Grindley	683	1,605	2,288
Travel to Russia	950	-	950
Alan Giles	269	-	269
Church Planter Training Academy Fund	252	-	252
Oggie Choilamts	-	5	5
Cambodia	-	3,693	3,693
Greg Reader	-	38	38
Ilir & Megan Stambolliu	-	71	71
	29,812	11,870	41,682
TOTAL FUNDS	80,879	16,145	97,024

continued...

Page 16

RADSTOCK MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2021

12. 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 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 Cambodia Greg Reader Ilir & Megan Stambolliu TOTAL FUNDS	Incoming resources £ 37,565 - 37,565 183 57,066 17,487 15,845 12,478 1,686 2,190 327 28,547 689 302 21,603 100 1,787 27,949 82,604 805 30,808 1,050 28,469 2,983 (1) 6,822 11,320 61,263 5,880 9,660 84 75 430,061 467,626	Resources Movement expended in funds £ £ (33,181) 4,384 (109) (109) (33,290) 4,275 - 183 (56,434) 632 (16,896) 591 (16,746) (901) (12,559) (81) (1,811) (125) (1,120) 1,070 (621) (294) (28,060) 487 (932) (243) (342) (40) (24,231) (2,628) (100) - (1,690) 97 (21,251) 6,698 (82,847) (243) (541) 264 (30,593) 215 (1,178) (128) (26,795) 1,674 (3,030) (47) (1,117) (1,118) (6,463) 359 (11,284) 36 (59,658) 1,605 (5,875) 5 (5,967) 3,693 (46) 38 (4) 71 (418,191) 11,870 (451,481) 16,145

continued...

Page 17

RADSTOCK MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2021

13. 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 12.

14. INDEPENDENT EXAMINER'S FEES

The independent examiner's fee for the examination of the accounts for the year ending 31 December 2021 is £700 (2020: £600).

The independent examiner's fee for non-IE services for the year ending 31 December 2021 is £700 (2020: £700).

15. 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 18

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