**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| continued... 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 ## **Virtual Cabinet Portal Digital Signatures** ## **Digital Signature Verification** You can verify that this is a genuine Virtual Cabinet Document Portal signed document by uploading it to the following secure web page: https://www.virtualcabinetportal.com/VerifySignedDocument ## **Signature Dates and Times** All dates and times shown in the signatures below are expressed in Coordinated Universal Time (UTC), which is generally equivalent to GMT. You can find out more about UTC at the following web page: http://www.virtualcabinetportal.com/WhatIsUTC ## **Signature 1** Signed by L Osborne using authentication code KVc5bUdCal5zc2xl at IP address 86.5.86.188, on 2022/10/27 08:44:29 Z. L Osborne's e-mail address is: lysleosborne@gmail.com. ## **Signature 2** Signed by Tara Aldwin using authentication code dnlJem1hPj9Dby8m at IP address 77.89.171.66, on 2022/10/27 10:19:15 Z. Tara Aldwin's e-mail address is: tara.aldwin@fkca.co.uk.